CTM22350 - ACT collection: international headquarters companies (IHC): general
ICTA88/SCH13/PARA3A (1) & (2)
»Ê¹ÚÌåÓýapp provisions relating to payment of ACT by IHC were repealed by F2A97 with effect foraccounting periods beginning on or after 6 April 1999.
A company does not account for ACT on paying an FID if it treats itself as an IHC (CTM21505) at the time of payment. »Ê¹ÚÌåÓýapp CT61 return made by the company for the return period of payment must:
- say that the company has treated itself as an IHC,
- show the basis for so treating itself,
- not include the amount of the FID in the figure for FID paid,
- show separately the amount of the FID.
An FID paid in these circumstances is ignored for the purposes of ICTA88/S246F (1) and(2) and ICTA88/SCH13/PARA2 (5) and 4A, (see CTM21220, CTM22060 and CTM22085 respectively).