Commentary

D6.504 International movement of capital—administration

Corporate tax
Corporate tax | Commentary

D6.504 International movement of capital—administration

Corporate tax | Commentary

D6.504 International movement of capital—administration

Any report required to be made under these provisions must be made within six months of the date of the transaction/event. The purpose of the report is to enable HMRC to consider whether or not the event or transaction gives rise to an advantage in relation to UK taxation1.

Regulations detail that the following information must be reported2:

  1.  

    (a)     in relation to the reportable transaction/event a full description of the transaction/event including, in particular, the date of and reasoning behind the transaction/event, the name of each party concerned and an estimate of the effect the transaction/event

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