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Contents

Official guidance
Banking Manual

BKM406000 · Banking surcharge: targeted anti-avoidance rules

  • BKM406100 · Overview
  • BKM406200 · Meaning of arrangements
  • BKM406300 · Banking surcharge: targeted anti-avoidance rule: meaning of relevant transfer - surcharge profits
  • BKM406350 · Banking surcharge: targeted anti-avoidance rule: meaning of relevant transfer – CFC chargeable profits
  • BKM406400 · Banking surcharge: targeted anti-avoidance rule: meaning of non-banking company
  • BKM406450 · Banking surcharge: targeted anti-avoidance rule: meaning of deductible amount
  • BKM406500 · Banking surcharge: targeted anti-avoidance rule: meaning of significant
  • BKM406600 · Banking surcharge: targeted anti-avoidance rule: meaning of main purpose or one of the main purposes
  • BKM406700 · Banking surcharge: targeted anti-avoidance rule: the second CFC TAAR
  • BKM406800 · Banking surcharge: targeted anti-avoidance rule: anti-forestalling rule
  • BKM406900 · Banking surcharge: targeted anti-avoidance rule: code of practice on taxation for banks and the TAAR
  1. Banking surcharge: targeted anti-avoidance rules: contents
  2. Banking surcharge: targeted anti-avoidance rule: meaning of non-banking company

BKM406400 | Banking surcharge: targeted anti-avoidance rule: meaning of non-banking company

From HM Revenue & Customs · Banking Manual

For the purpose of the TAAR a non-banking company is a company which, at the time the arrangements have effect is neither:

  • a banking company, nor

  • a controlled foreign company in relation to which a banking company is a chargeable company

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