SCHEDULES

SCHEDULE 20 Controlled foreign companies and foreign permanent establishments

PART 3 Other amendments

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

47 (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”.