[371TC Elections and designations about residence]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371TC  Elections and designations about residence]

[(1)     An election under section 371TB(8)—

(a)     may be made only by a company or companies determined under subsection (2) or (3),

(b)     must be made by notice to an officer of Revenue and Customs,

(c)     must be made no later than 12 months after the end of the relevant accounting period,

(d)     must state, in relation to each company making the election, the percentage of the CFC's chargeable profits for the relevant accounting period which would be likely to be apportioned to the company at step 3 in section 371BC(1) were section 371BC (charging the CFC charge) to apply in relation to the relevant accounting period,

(e)     must be signed on

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