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That provision may be made—
(a) restricting the relief available under part XVHI of the Income and Corporation Taxes Act 1970 (double taxation relief) in certain cases where the tax chargeable, or treated by that Part as chargeable, under the law of a territory outside the United Kingdom is referrable to payments of interest on loans made to persons outside the United Kingdom; and
(b) altering the computation, for the purposes of income tax or corporation tax, of the amount of the income derived from such loans where there is tax which, although not actually payable under the law of a territory outside the United Kingdom, falls to be taken into account for any purposes of the said Part XVIII.—[Mr. Goodlad.]