New UK CFC Rules

Journal
Author
Smith, P.
Country
United Kingdom
Published Date
Issue
European Taxation 2013 (Volume 53), No. 2/3
FormatPDF
EUR
45
| USD
50 (VAT excl.)

Following six years of consultations, the new UK controlled foreign company rules have finally been enacted as part of Finance Act 2012. The reforms took effect on 1 January 2013 and are intended to make the United Kingdom’s tax system competitive and encourage international businesses to base their headquarters and business operations in the United Kingdom.