---
title: "The Taxation (International and Other Provisions) Act 2010 (Amendment to Section 371RE) (Controlled Foreign Companies) Regulations 2014"
id: d54df5c9-2a9b-4f5b-83fa-aba78ded2517
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2014/3237
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/d54df5c9-2a9b-4f5b-83fa-aba78ded2517
language: en
in_force_from: 2014-12-31
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2014/3237/data.xml
read_on: 2026-11-10
sha256: 0e986b476a9e920f7688c8baadba1fc1ee35e45c993b6845e463c8124c6300d6
provisions: 3
---

# The Taxation (International and Other Provisions) Act 2010 (Amendment to Section 371RE) (Controlled Foreign Companies) Regulations 2014

## Title and introductory text {#prelims}

2014 No. 3237
Corporation Tax
The Taxation (International and Other Provisions) Act 2010 (Amendment to Section 371RE) (Controlled Foreign Companies) Regulations 2014
Made
8th December 2014
Laid before the House of Commons
9th December 2014
Coming into force
31st December 2014
The Treasury, in exercise of the powers conferred by sections 371RF(1)(b) and (2) of the Taxation (International and Other Provisions) Act 2010, make the following Regulations:

## 1 Citation, commencement and effect {#regulation-1}

(1) These Regulations may be cited as the Taxation (International and Other Provisions) Act 2010 (Amendment to Section 371RE) (Controlled Foreign Companies) Regulations 2014.
(2) These Regulations come into force on 31st December 2014 and have effect for accounting periods beginning on or after 1st January 2015.

## 2 Amendment of the Taxation (International and Other Provisions) Act 2010 {#regulation-2}

In section 371RE of the Taxation (International and Other Provisions) Act 2010 (control determined by reference to accounting standards)—
(a) in subsection (1), omit “undertaking”,
(b) in subsection (4), for “subsidiary undertakings” substitute “subsidiaries”,
(c) in subsection (5)—
(i) for “Parent undertaking” substitute “Parent”,
(ii) for “subsidiary undertaking” substitute “subsidiary”, and
(iii) for “Financial Reporting Standard 2 issued in July 1992 by the Accounting Standards Board” substitute “Financial Reporting Standard 102 issued in March 2013 by the Financial Reporting Council”, and
(d) in subsection (6), for “Financial Reporting Standard 2” substitute “Financial Reporting Standard 102”.