{
  "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998",
  "json_url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998.json",
  "id": "uksi/1998/3081",
  "title": "The Controlled Foreign Companies (Excluded Countries) Regulations 1998",
  "short_title": "Controlled Foreign Companies (Excluded Countries) 1998",
  "long_title": "These Regulations disapply section 747(3) of the Income and Corporation Taxes Act 1988 (apportionment of a controlled foreign company’s profits among persons having an interest in the company) in cases where the controlled foreign company is resident in a territory specified in either of the two Schedules to the Regulations and satisfies one of two conditions. The first condition, which relates to a company which is resident in a territory specified in Part I of either Schedule, is that the company satisfies the income and gains requirement set out in the Regulations. The second condition, which relates to a company which is resident in a territory specified in Part II of either Schedule, is that the company not only satisfies the income and gains requirement but also is not entitled to any tax benefit, or does not satisfy any condition, specified in Part II of the Schedule in relation to the territory concerned. Schedule 1 to the Regulations relates to accounting periods of controlled foreign companies beginning before 9th July 1998, and Schedule 2 relates to accounting periods of controlled foreign companies beginning on or after that date.",
  "citation": "S.I. 1998/3081",
  "type": "uksi",
  "year": "1998",
  "number": "3081",
  "version": "current",
  "date": "1998-12-09",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 8,
  "provisions": [
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      "heading": "Introductory text",
      "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/introduction",
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    },
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      "heading": "Citation, commencement and effect",
      "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/regulation-1",
      "extent": null,
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      "parent": null
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      "number": "3",
      "heading": "Limitation on apportionment of chargeable profits of a controlled foreign company—specified territories",
      "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/regulation-3",
      "extent": null,
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    },
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      "path": "regulation/4",
      "kind": "regulation",
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      "heading": "Limitation on apportionment of chargeable profits of a controlled foreign company—conditions to be satisfied",
      "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/regulation-4",
      "extent": null,
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    },
    {
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      "heading": "Income and gains requirement",
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      "extent": null,
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    },
    {
      "path": "regulation/6",
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      "heading": "Branch or agency income and gains",
      "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/regulation-6",
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    },
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      "heading": "ACCOUNTING PERIODS BEGINNING BEFORE 9TH JULY 1998",
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      "path": "schedule/1/part/II",
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      "heading": "SPECIFIED TERRITORIES WITH QUALIFICATIONS",
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    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 180"
    },
    {
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      "affecting_title": "The Controlled Foreign Companies (Excluded Countries) (Amendment) Regulations 2002",
      "affecting_provisions": "reg. 2(3)"
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      "type": "words susbtituted",
      "affected_provisions": "reg. 7(3)(b)(i)",
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      "affecting_title": "The Controlled Foreign Companies (Excluded Countries) (Amendment) Regulations 2002",
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      "affecting_title": "The Controlled Foreign Companies (Excluded Countries) (Amendment No. 2) Regulations 2002",
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      "affected_provisions": "reg 5",
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  "made_under": [
    {
      "id": "ukpga/1988/1",
      "title": "Income and Corporation Taxes Act 1988",
      "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
      "provisions": [
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/3081",
    "retrieved_at": "2026-10-29T11:13:33.720486+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}