[371CEA Section 371CE: meaning of “group treasury company”]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371CEA  Section 371CE: meaning of “group treasury company”]

[(1)     This section makes provision for determining whether the CFC is a group treasury company in the accounting period for the purposes of section 371CE.

(2)     The CFC is a group treasury company in the accounting period if—

(a)     it is a member of a worldwide group in relation to a period of account in which the accounting period wholly or partly falls,

(b)     throughout the accounting period—

(i)     all, or substantially all, of the activities undertaken by it consist of treasury activities undertaken for the group, and

(ii)     all, or substantially

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