SCHEDULES

SCHEDULE 20Controlled foreign companies and foreign permanent establishments

PART 3Other amendments

47Insurance Companies (Reserve) (Tax) Regulations 1996 (S.I. 1996/2991)

1

Regulation 8A is amended as follows.

2

In paragraph (1)—

a

in sub-paragraph (a) for “controlled foreign company” substitute “CFC (within the meaning of Part 9A of the Taxation (International and Other Provisions) Act 2010)”, and

b

in sub-paragraph (b) for “controlled foreign company” substitute “CFC”.

3

In paragraph (4)—

a

for “controlled foreign company’s” substitute “CFC’s”, and

b

for “the company” substitute “the CFC”.