# Finance Act 2009, Paragraph 5


(1) For the purposes of this Schedule a body corporate (“body A”) is a reporting body at any time if, at that time—
(a) it is a UK corporate parent, and
(b) condition A, B, C or D is met.
(2) Condition A is that body A is not controlled by a body corporate resident outside the United Kingdom.
(3) Condition B is that—
(a) body A is controlled by a body corporate resident outside the United Kingdom (“the foreign parent”), and
(b) no other relevant UK body corporate is controlled by the foreign parent.
(4) Condition C is that —
(a) body A is controlled by a body corporate resident outside the United Kingdom (“the foreign parent”),
(b) one or more other UK corporate parents are controlled by the foreign parent, and
(c) body A is not a party to an arrangement under paragraph 6.
(5) Condition D is that—
(a) body A is controlled by a body corporate resident outside the United Kingdom (“the foreign parent”),
(b) one or more other UK corporate parents are controlled by the foreign parent, and
(c) body A is a party to an arrangement under paragraph 6 and is the nominated reporting body under that arrangement.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-17/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.