# Taxation (International and Other Provisions) Act 2010, Section 371KD: What is “the threshold amount”?


(1) The threshold amount for a CFC's accounting period is—
(a) 10% of the CFC's accounting profits for the accounting period, or
(b) if more, £50,000.
(2) If the accounting period is less than 12 months, the amount specified in subsection (1)(b) is to be reduced proportionately.
(3) In this Chapter references to a CFC's accounting profits for an accounting period are to be read ignoring section 371VD(7) and (8).

---
Source: https://www.legislation.gov.uk/ukpga/2010/8/section/371KD (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-371KD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.