LLM7170 - Double taxation relief: corporate members: Regulations: foreign measure of profit
Where Lloyd's has a central agreement or arrangement to deal with taxes in overseas territories HMRC will accept that, in determining the extent to which credit for foreign tax may be given, the foreign measure of profit under those arrangements can also be taken as the measure of relevant income for the purposes of ICTA88/S797 and to have satisfied the provisions of ICTA88/S795A.
The territories for which there are such arrangements are:
| Australia | Japan |
| Belgium | Malta |
| Canada | New Zealand |
| Dominica | St Lucia |
| France | St Vincent and the Grenadines |
| French Polynesia | Singapore |
| Hong Kong | United States of America |
| Israel |