United Kingdom - New UK CFC Rules
- United Kingdom
- P. Smith
- European Taxation, 2013 (Volume 53), No 2/3
- 14 January 2013
Following six years of consultations, the new UK controlled foreign company rules have finally been enacted as part of Finance Act 2012. The reforms took effect on 1 January 2013 and are intended to make the United Kingdom’s tax system competitive and encourage international businesses to base their headquarters and business operations in the United Kingdom.