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