INTM225500 | Controlled Foreign Companies: Entity Exemptions: Chapter 12 - The Low Profits Exemption: contents
From HM Revenue & Customs · International Manual
The low profits exemption provides an entity-level exemption for CFCs with low levels of profits in an accounting period. A chargeable company has to list any CFCs relying on this exemption on its corporation tax return.
Contents3 entries
- INTM225550Controlled Foreign Companies: Entity Exemptions: Chapter 12 - The Low Profits Exemption: Introduction
- INTM225600Controlled Foreign Companies: Entity Exemptions: Chapter 12 - The Low Profits Exemption: Anti-Avoidance
- INTM225650Controlled Foreign Companies: Entity Exemptions: Chapter 12 - The Low Profits Exemption: Examples