INTM194100 | Controlled Foreign Companies: Introduction to the CFC Charge: The CFC Charge

The CFC charge is charged in relation to a CFC’s accounting period. An accounting period for a CFC is defined at INTM248150. This charge is made only if the CFC has chargeable profits (see INTM194200) for that period and none of the entity level exemptions set out in Chapters 10 to 14 applies for that period. (Each of these chapters can be found respectively at INTM224100, INTM224700, INTM225500, INTM225700 and INTM226000.)