{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-473",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-473.json",
  "legislation": "ukpga/2010/8",
  "legislation_title": "Taxation (International and Other Provisions) Act 2010",
  "legislation_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010",
  "path": "section/473",
  "kind": "section",
  "number": "473",
  "heading": "Meaning of “a worldwide group”, “ultimate parent” etc",
  "text": "(1) In this Part “a worldwide group” means—\n(a) any entity which—\n(i) is a relevant entity (see section 474), and\n(ii) meets the first or second non-consolidation condition (see subsections (2) and (3)), and\n(b) each consolidated subsidiary (if any) of the entity mentioned in paragraph (a).\n(2) The first non-consolidation condition is that the entity—\n(a) is a member of an IAS group, and\n(b) is not a consolidated subsidiary of an entity that—\n(i) is a relevant entity, and\n(ii) itself meets the first non-consolidation condition.\n(3) The second non-consolidation condition is that the entity is not a member of an IAS group.\n(4) In this Part—\n(a) references to “a member” of a worldwide group are to an entity mentioned in subsection (1)(a) or (b);\n(b) references to “the ultimate parent” of a worldwide group are to the entity mentioned in subsection (1)(a);\n(c) references to “a single-company worldwide group” are to a worldwide group whose only member is its ultimate parent;\n(d) references to “a multi-company worldwide group” are to a worldwide group with two or more members.\n(5) In this section “IAS group” means a group within the meaning given by international accounting standards.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 10: the existing Pt. 10 renumbered as Pt. 11 (except for ss. 375, 376 which are repealed), the existing ss. 372-374, 377-382 renumbered as ss. 499-507 and a new Pt. 10 (ss. 372-498) inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1, 10(1)(2)(a)(3) (with Sch. 5 paras. 27, 32-34)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/8/section/473",
    "retrieved_at": "2026-10-29T09:10:17.008829+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."
}