INTM215210 - Controlled Foreign Companies: before CTSA

Notice of direction: procedure following making of direction

The Board may give a direction after considering a report under INTM215200 or after enquiries conducted from Head Office.

CT & VAT, International CT will provide a set of the following forms for each United Kingdom company to be assessed. Where necessary, CT & VAT, International CT will give special instructions in the covering memo to the package of forms.

The forms are:

• a copy of the notice of direction and the explanatory notes which go with it
• CT14(Z) (three sets)
• CT14(Z) (Schedule) (three sets)
• one form CT14(Z) (Assessment Notes), and
• instructions on the clerical procedures to follow for the issue of the Chapter IV assessments.

One set of the forms above is for use as working sheets. The second is for typing and issue. The third set is spare.

On receipt of the forms the Inspector should complete Part 2 of a form CT 14(Z) and a form CT14(Z) (Schedule) for each company to be assessed.

The Inspector should then pass the forms and the instructions for clerical processing and issue.