Define: Unilateral Relief

UK Accounting Glossary

Definition: Unilateral Relief


Quick Summary of Unilateral Relief


A corrective measure which is 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.


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Full Definition of Unilateral Relief


A corrective measure which is 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/
Modern Language Association (MLA):
Unilateral Relief. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 21, 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: November 21, 2019).
American Psychological Association (APA):
Unilateral Relief. PayrollHeaven.com. Retrieved November 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/unilateral-relief/

Definition Sources


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