SCHEDULES

SCHEDULE 20 U.K.Controlled foreign companies and foreign permanent establishments

PART 3 U.K.Other amendments

FA 1998 U.K.

17 (1) Schedule 18 (company tax returns) is amended as follows. U.K.

(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).”