SCHEDULES

SCHEDULE 20U.K.Controlled foreign companies and foreign permanent establishments

PART 3 U.K.Other amendments

Insurance Companies (Reserve) (Tax) Regulations 1996 (S.I. 1996/2991)U.K.

46U.K.The Insurance Companies (Reserve) (Tax) Regulations 1996 (S.I. 1996/2991) are amended as follows.

47(1)Regulation 8A is amended as follows.U.K.

(2)In paragraph (1)—

(a)in sub-paragraph (a) for “controlled foreign company” substitute “ CFC (within the meaning of Part 9A of the Taxation (International and Other Provisions) Act 2010) ”, and

(b)in sub-paragraph (b) for “controlled foreign company” substitute “ CFC ”.

(3)In paragraph (4)—

(a)for “controlled foreign company's” substitute “CFC's”, and

(b)for “the company” substitute “ the CFC ”.

48U.K.In regulation 8B for “controlled foreign company” substitute “ CFC (within the meaning of Part 9A of the Taxation (International and Other Provisions) Act 2010) ”.