INTM245100 | Controlled Foreign Companies: Management and collection of a CFC charge and reliefs available against a CFC charge: Introduction

TIOPA10/Part 9A/Chapter 21 sets out the framework provisions for collection and management matters relevant to the CFC rules. It also details what reliefs are available for set off against a CFC charge.

For the purposes of this Chapter:

• “closure notice” means a notice under paragraph 32 of Schedule 18 to FA 1998 (completion of enquiry and statement of conclusions);

• “discovery assessment” means a discovery assessment or discovery determination under paragraph 41 of Schedule 18 to FA 1998 (including an assessment by virtue of paragraph 52 of that Schedule), and

• “the Taxes Acts” has the same meaning as in TMA 1970.