Commentary

D6.502 Overview of the legislation governing international movement of capital

Corporate tax
Corporate tax | Commentary

D6.502 Overview of the legislation governing international movement of capital

Corporate tax | Commentary

International movement of capital

D6.502 Overview of the legislation governing international movement of capital

There is a general reporting requirement governing the international movement of capital, which applies (broadly) to cross border issues or transfers of shares and securities1.

In outline, the rules require:

  1.  

    •     a UK 'reporting body' (D6.503A)

  2.  

    •     to report large transactions/events (defined as those of a value exceeding £100m) to HMRC

  3.  

    •     where they fall within any of the 'reportable' classes (D6.503), and

  4.  

    •     are not specifically excluded (D6.502A)

Such reports must generally be made within six months of the transaction/event. The transfer pricing

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