Commentary

D4.445 Scope of the CFC charge

Corporate tax
Corporate tax | Commentary

D4.445 Scope of the CFC charge

Corporate tax | Commentary

CFC administration

D4.445 Scope of the CFC charge

The CFC charge is treated as though it were an amount of corporation tax and therefore all enactments which apply generally to corporation tax also apply to the CFC charge. This includes enactments relating to returns, accounts statements and reports, assessment, collection and receipt of corporation tax, rights of appeal, and administration, penalties, interest on unpaid tax and priority of tax in insolvency cases1.

Where the CFC charge is not fully paid on the date it is due and payable, HMRC can give notice of liability to another UK resident company when

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial