12(1)The amendments made by this Part have effect in relation to accounting periods of controlled foreign companies beginning on or after the commencement date.U.K.
(2)For this purpose “the commencement date” means—
(a)in relation to a controlled foreign company other than a qualifying holding company, 1 July 2009, F1...
F1(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F2(3)The amendments made by this Part have no effect in relation to a qualifying holding company.]
Textual Amendments
F1Sch. 16 para. 12(2)(b) and word omitted (retrospective to 30.6.2012) by virtue of Finance Act 2012 (c. 14), Sch. 20 paras. 33(a), 54
F2Sch. 16 para. 12(3) inserted (retrospective to 30.6.2012) by Finance Act 2012 (c. 14), Sch. 20 paras. 33(b), 54