Define: Unilateral Relief

UK Accounting Glossary

Definition: Unilateral Relief


Quick Summary of Unilateral Relief


A corrective measure taken by a country to minimise the effect of double taxation in a situation where similar relief is unavailable through a tax treaty. Relief is typically provided in the form of an adjustment on tax liability using a tax credit.



What is the dictionary definition of Unilateral Relief?

Dictionary Definition


Unilateral relief is relief given by UK authorities against double taxation for tax paid in another country with which the UK has no double-taxation agreement.


Full Definition of Unilateral Relief


A corrective measure taken by a country to minimise the effect of double taxation in a situation where similar relief is unavailable through a tax treaty. Relief is typically provided in the form of an adjustment on tax liability using a tax credit.




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https://payrollheaven.com/define/unilateral-relief/
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Unilateral Relief. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 20, 2019 https://payrollheaven.com/define/unilateral-relief/.
Chicago Manual of Style (CMS):
Unilateral Relief. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/unilateral-relief/ (accessed: July 20, 2019).
American Psychological Association (APA):
Unilateral Relief. PayrollHeaven.com. Retrieved July 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/unilateral-relief/

Definition Sources


Definitions for Unilateral Relief are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.