HMRC have published draft guidance on the current Finance Bill provisions on controlled foreign companies (the ‘interim’ legislation in clause 47 and Sch 12) and the new exemption for profits of a foreign permanent establishment (clause 48 and Sch 13).
HMRC have published draft guidance on the current Finance Bill provisions on controlled foreign companies (the ‘interim’ legislation in clause 47 and Sch 12) and the new exemption for profits of a foreign permanent establishment (clause 48 and Sch 13).