SCHEDULES
SCHEDULE 17International movement of capital
Part 2Reporting requirement
Meaning of “UK corporate parent”
7
In this Schedule “UK corporate parent” means a body corporate that—
a
is resident in the United Kingdom,
b
controls one or more bodies corporate that are not resident in the United Kingdom, and
c
is not controlled by—
i
a body corporate that is resident in the United Kingdom, or
ii
two or more bodies corporate taken together each of which is resident in the United Kingdom.