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FA09/SCH 17/Para 4

FA09/SCH 17/Para 4 describes the reporting requirement. It applies to any UK corporate parent which is a ‘reporting body� at the time that a reportable event or transaction occurs. Such reportable events or transactions must be reported to an officer of HMRC within six months.

»Ê¹ÚÌåÓýapp report must include such information relating to the event or transactions as is specified in regulations made by the Commissioners for HM Revenue and Customs (‘the Commissionersâ€�). »Ê¹ÚÌåÓýapp purpose of the report is to enable the Commissioners to consider whether or not the event or transaction gives rise to an advantage in relation to UK taxation.