UK government publishes additional draft CFC legislation

European Tax Newsalert

On January 31, the UK government published an update and draft legislation as part of UK CFC reform. The documents provide additional proposals for the finance company exemption, the temporary period exemption, the application of the CFC rules to exempt foreign branches, and the commencement provisions. These proposals are in addition to the draft legislation published on December 6, 2011.



Return to Tax research and insights
European Tax Newsalert archive