mixer cap
A restriction placed on the availability of foreign tax credits by operation of the formula: (D+U) x M% where D is the dividend, U is the foreign tax attributable to that dividend and M is the maximum relievable UK corporation tax (currently 30%). The effect of the mixer cap is that creditable foreign tax will always be restricted to 30% of the dividend (net of any withholding tax or underlying tax) received by the UK company.
As a result of the introduction of the mixer cap in the Finance Act 2000 the use of offshore mixer companies to increase the amount of foreign tax for which credit is allowed against UK tax of the dividend received by the UK company was negated.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • List of Marvel Family enemies — Through his adventures, Fawcett Comics/DC Comics superhero Captain Marvel and his Marvel Family gained a host of enemies, including the following: Contents 1 Acrobat 2 Adolf Hitler 3 Amoeba Family …   Wikipedia

  • eligible unrelieved foreign tax — underlying tax or withholding tax on which a foreign tax credit is not available due to the operation of the mixer cap. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • List of vacuum tubes — This is a list of vacuum tubes or thermionic valves. Before the advent of semiconductor devices, hundreds of tube types were used in consumer and industrial electronics; today only a few types are still used in specialized applications. Contents… …   Wikipedia

  • NMR tube — An NMR tube filled with a colorless sample, sealed with a green polyethylene cap and Parafilm An NMR tube is a thin glass walled tube used to contain samples in nuclear magnetic resonance spectroscopy. Typically NMR tubes come in 5 mm… …   Wikipedia

  • Rudy Bozak — Infobox Person name = Rudolph Thomas Bozak residence = Milwaukee, Wisconsin Stamford, Connecticut Caledonia, New York Elkhart, Indiana North Tonawanda, New York Buffalo, New York Darien, CT other names = Rudy Bozak, R. T. Bozak, Rudi T. Bozak… …   Wikipedia

  • Hit and miss engine — A hit and miss engine is a type of four stroke internal combustion engine that was conceived in the late 1800s and was produced by various companies from the 1890s through approximately the 1930s. The name comes from the method of speed control… …   Wikipedia

  • Reagent bottle — A reagent bottle Reagent bottles, also known as media bottles or graduated bottles, are containers made of glass, plastic, borosilicate or related substances, and topped by special caps or stoppers and are intended to contain chemicals in liquid… …   Wikipedia

  • Claire Bennet — Heroes character Hayden Panettiere as Claire Bennet. First appearance Genesis …   Wikipedia

  • Camden Town — Saltar a navegación, búsqueda Camden Town es una estación de la Northern Line, situada en el Barrio Londinense de Camden. Sin embargo, las inmediaciones de la estación son famosas por albergar uno de los mercados callejeros más variados y… …   Wikipedia Español

  • Heckington Windmill — is the only 8 sailed tower Dutch type windmill still standing in the UK and probably the world s only of this type. Heckington is located about midway between Sleaford and Boston in Lincolnshire. The mill stands very close to Heckington Railway… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.