D4.435 Determining the CFC charge
Where there are profits that pass through the CFC charge gateway, the CFC charge is determined in accordance with a series of steps1. These are used to work out whether or not a charge arises and, if it does, which UK resident companies are chargeable. In outline the steps are as follows2:
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•ÌýÌýÌýÌý Step 1: determine the persons who have relevant interests in the CFC during the accounting period (D4.436). The CFC charge only applies to companies that are UK resident during the accounting period when it has a relevant interest
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