SCHEDULES
SCHEDULE 20Controlled foreign companies and foreign permanent establishments
PART 3Other amendments
FA 1998
17
1
Schedule 18 (company tax returns) is amended as follows.
2
In paragraph 1 for “section 747(4)(a) of the Taxes Act 1988 (tax on profits of controlled foreign company)” substitute “
step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (controlled foreign companies)
”
.
3
In paragraph 8(1), in the third step, for paragraph 2 substitute—
2
Any sum charged at step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (controlled foreign companies).