COM30030 - Background: company taxation overview: controlled foreign companies

For CTSA APs, the special tax charge on controlled foreign companies (S747 ICTA 1988) is included in a company tax return. S747 tax is part of the calculation of tax payable by the company in its self assessmen (Word 28KB), under Para 8 Sched 18 FA 1998.

For further information on controlled foreign companies see the International Manual at INTM200000 onwards.

For legislation applying to this subject, see COM30021.