1.—(1) These Regulations may be cited as the Controlled Foreign Companies (Excluded Territories) Regulations 2012 and come into force on 1st January 2013. (2) These Regulations have effect for accounting periods of CFCs beginning on or after 1st January 2013. See more 2.In these Regulations— “TIOPA 2010” means the Taxation (International and Other Provisions) Act 2010; “the Schedule” means the Schedule to these Regulations. See more 5.For the purposes of Chapter 11 of Part 9A of TIOPA 2010, Part 2 of the Schedule specifies a further requirement which must be met in order for the excluded territories exemption to apply for a CFC’s accounting period. Regulations 3 … See more 3.A territory listed in Part 1 of the Schedule is an excluded territory for the purposes of Chapter 11 of Part 9A of TIOPA 2010 (the … See more 4.—(1) For the purposes of Chapter 11 of Part 9A of TIOPA 2010, the requirements of section 371KB(1)(b) and (c) of that Act do not have to be … See more WebAug 6, 2012 · The regulations provide the list of excluded territories for the purposes of the ETE, and set out a simplified ETE that is available for CFCs in Australia, Canada, France, Germany, Japan and the US. These are major trading partners that have tax regimes broadly equivalent to the UK. “In essence, subject to some detailed rules, companies ...
SI 2012/3024 The Controlled Foreign Companies …
WebINTM224960 - Controlled Foreign Companies: Entity Exemptions: Chapter 11 - The Excluded Territories Exemption: Meaning of accounting profits: Restricted income - Category A ... A CFC’s Category ... WebJun 23, 2024 · Excluded territories. If CFC is a tax resident in a country for which English law prescribes CFC regime exemption, then the profits of CFC do not increase tax base of the controlling person resident in the … scar has oxygen
INTM286480 - Foreign Permanent Establishments of UK …
WebMar 1, 2012 · Excluded territories exemption. The excluded territories exemption (ETE) (provided in Chapter 11) is intended, broadly, to exempt CFCs resident in a jurisdiction with a headline rate of corporation tax that is more than 75% of the UK rate. WebDec 13, 2012 · CFCs: final excluded territories regulations. by PLC Tax. The Controlled Foreign Companies (Excluded Territories) Regulations 2012 ( SI 2012/3024) were laid on 5 December 2012 and have effect for accounting periods … http://taxnews.lexisnexis.co.uk/TaxNewsLive/Members/BreakingNewsFullText.aspx?id=4031 scar has turned white