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Home / Simons-Taxes /Corporate tax /Part D4 Overseas issues /Division D4.2 Currency for calculating taxable profits /Currency for calculating taxable profits / D4.203 Currency used by UK permanent establishments

D4.203 Currency used by UK permanent establishments

Corporate tax

Where a non-UK resident company prepares its return of account for its UK permanent establishment in a non-sterling currency, the profits and losses of the permanent establishment that fall to be computed for corporation tax purposes in accordance with GAAP have first to be determined in that currency.

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I4.265 Lifetime transfers reported late

I4.142A Liabilities which are not discharged out of the estate

I7.504 Designation for the conditional exemption

I9.325 Foreign pensions free from IHT

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

A1.810 Limitation

A4.557 Late filing penalties—company tax returns

C2.201 Allowable expenditure for capital gains—overview

C2.902 Wasting assets—wasting of allowable expenditure

E4.1118 Calculation and payment of tax due on retrospective income

E1.1435 Appealing transactions in securities counteraction notices

B2.319 Duality of purpose—apportionment of the expenditure

D1.404B Large company definition for R&D tax relief

E6.324H Nominated income and gains and the ordering rules

E4.1167 Payments made after leaving and after issue of form P45

I11.215 IHT accounts—excepted settlements

I5.1212 Protector of a foreign trust

D6.711 Liquidation—capital gains implications

E3.192 CGT loss relief on disposal of EIS shares

E1.416 Dividends from non-UK resident companies—general