INTM215020 - Controlled Foreign Companies: before CTSA
Information powers: overview
Before the introduction of self assessment for corporation tax,
a direction from the Board of HM Revenue & Customs was needed
to charge a United Kingdom company under Chapter IV Part XVII ICTA
1988 in respect of the profits of a controlled foreign company.
The legislation includes information powers which can be used
by the Board for accounting periods prior to the introduction of
self assessment to get enough facts to determine whether a company
is a controlled foreign company, to find out whether a direction
should be made and to help work out the tax to be paid. The
following pages give further detail on these provisions:
| INTM215030 | Information powers: definitions |
| INTM215040 | Information powers: provision of particulars |
| INTM215050 | Information powers: inspection of documents |
| INTM215060 | Information powers: penalties |
| INTM215070 | Information powers: information regarding third parties |
| INTM215080 | Information powers: report to CT & VAT, International CT |
As far as the self assessment regime is concerned,
INTM216000 provides guidance on the
management of groups with significant numbers of controlled foreign
companies.
