Spreadbase Systems Limited


TROPICAL

Transfer Pricing

Documentation

CFC

Other Services

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Out Sourcing

TROPICAL

Controlled Foreign Companies

Certain information which is required for Transfer Pricing is also used in respect of the documentation required for Controlled Foreign Companies (CFC).

All companies with overseas subsidiaries need to complete documentation and submit to HMRC giving reasons why a company may be regarded as a CFC and the reasons why tax or no tax is payable.

Additional information not collected for Transfer Pricing purposes include

Profit before taxation

Other Income

Exchange differences

Finance charges

Investment Gains / Loss

Dividends


Reports are required for

Reported Companies - Exempt Activity Summary

Reported Companies Premises, Employees, Local Management

Not Reported Companies Excluded Country Income and Gains summary and detail

Not UK control, not low tax, UK resident

Consolidated Groups Profit and Loss breakdown


TROPICAL will provide the necessary documentation for you to be able to back up any non reported companies and justification for all reported companies

UK Tax Resident Companies
Provision has also been made for details of UK tax resident companies information to be recorded. This includes tax reference, district, date last submitted computations, queries and other shareholder information.