IMOC, SAO, UTT and Tax Strategies Flashcards
(4 cards)
1
Q
What are the requirements to report under IMOC?
A
When there is a issue of shares or debentures between foreign subsidiaries in excess of £100m
2
Q
What is the penalty for not complying with reporting requirements for international movement of capital?
A
Initial fine of £300 and £60 each day on which the failure continues
3
Q
What are the thresholds for companies to have to comply with SAO, UTT and Tax strategies rules?
A
Revenue exceeds £200m or
Gross assets exceed £2bn
4
Q
When must SAO be filed?
A
By the filing due date for accounts (9 months for ltd and 6 months for plc)
