Commentary

D6.503A International movement of capital—reporting body

Corporate tax
Corporate tax | Commentary

D6.503A International movement of capital—reporting body

Corporate tax | Commentary

D6.503A International movement of capital—reporting body

A report must be made to HMRC if, at the time of a reportable transaction/event, a body corporate is a reporting body. A body corporate is a reporting body if it is a1:

  1.  

    (a)     UK corporate parent (ie a UK resident body corporate that controls one or more non UK resident bodies corporate and is itself not controlled by a UK body corporate2), and

  2.  

    (b)     meets one of the following conditions:

    1.  

      (1)     it is not controlled by a body corporate resident outside the UK

    2.  

      (2)     it is controlled by a body corporate resident outside

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