Certain information which is required for Transfer Pricing is also used in
respect of the documentation required for Controlled Foreign Companies
(CFC).

All companies with overseas subsidiaries need to complete
documentation and submit to HMRC giving reasons why a company may
be regarded as a CFC and the reasons why tax or no tax is payable.

Additional information not collected for Transfer Pricing purposes include

· Profit before taxation

· Other Income

· Exchange differences

· Finance charges

· Investment Gains / Loss

· Dividends

Reports are required for

· Reported Companies - Exempt Activity Summary

· Reported Companies – Premises, Employees, Local Management

· Not Reported Companies – Excluded Country Income and Gains
summary and detail

· Not UK control, not low tax, UK resident

· Consolidated Groups Profit and Loss breakdown

TROPICAL will provide the necessary documentation for you to be able to
back up any  non reported companies and justification for all reported
companies

UK Tax Resident Companies

Provision has also been made for details of UK tax resident companies
information to be recorded.  This includes tax reference, district, date last
submitted computations, queries and other shareholder information.