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HMRC internal manual

Double Taxation Relief Manual

Barbados: Tax spared

The agreement provides for credit to be given for tax ’spared’ (see INTM161270) in Barbados under the provisions of the Barbados laws set out in Article 22(2)(a).

Relief may also be given by virtue of Article 22(2)(b) for ‘tax spared’ under the 1974 Barbados Fiscal Incentives Act. Relief is restricted to tax ‘spared’ in Barbados for a period of ten years in respect of any one source of income. Amounts of tax spared for which relief is given should be reported as mentioned at INTM161290.