Commentary

D4.449 CFCs and HMRC clearances

Corporate tax
Corporate tax | Commentary

D4.449 CFCs and HMRC clearances

Corporate tax | Commentary

D4.449 CFCs and HMRC clearances

HMRC has set up a system of clearances designed to provide certainty to a UK company as to the application of the CFC legislation to a particular set of facts and to resolve areas of doubt or difficulty before the company has to complete its self-assessment return. It aims to reply to a clearance application within 28 days if all the relevant information is provided1.

A clearance will state the terms on which it is given and will normally apply indefinitely so long as the circumstances and legislation are unchanged. If the relevant facts have been

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