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On report; Retirement fund; Back of the grid; No show
On report
CbC filing requirement for UK subsidiary of non-UK MNE.
Does a company that is a standalone UK subsidiary of a non-UK headed parent multinational enterprise group need to file a country-by-country (CbC) report under the new Finance Act 2016 rules?
According to my reading of the CbC reporting requirements in HMRC’s manual on international exchange of information a UK subsidiary of a foreign-headed multinational enterprise group that has no subsidiaries of its own and is not a top UK entity preparing consolidated financial statements does not fall within the definition of a ‘UKE’. It is therefore outside the scope for filing a CbC report.
I should be interested to know Taxation readers’ views and comments on this.
Query 19 255– Susan.
Retirement fund
Separating business and properties into two companies.
Our clients a husband and wife jointly own a limited...
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