INTM215080 - Controlled Foreign Companies: before CTSA

Information powers: report to CT & VAT, International CT

If the Inspector needs to consider the use of the statutory information powers, a report should be made to CT & VAT, International CT to enable the Board to consider the matter. The Inspector should not say that the Board will exercise the powers. Reports should be made in the kind of cases listed below (bullet points):

• there have been long delays
• the company says that ICTA/S755 does not cover what has been asked for
• the company says that it cannot give what is wanted or that it is too difficult to do so

The matters below should be included in a report asking the Board to use its information powers in ICTA88/S755:

• the name of the 'foreign subsidiary' (see INTM215030 hyperlink) about which the information is wanted
• why it is thought that the 'foreign subsidiary' is a controlled foreign company
• the name of the United Kingdom group and the name and address of the company on which the Board is to serve the notice
• details of the information that is wanted
• brief details of informal requests for information made to date. The Inspector should also confirm that the Inspector has told the company about the Board's information powers - see INTM215020.

Normally, the file should be sent with the report. However, if it is more convenient, the Inspector need only send the correspondence pad.