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49(1)The CFC charge is charged in relation to accounting periods of CFCs beginning on or after 1 January 2013.U.K.
(2)The first accounting period of a company which is a CFC at the beginning of 1 January 2013 begins at that time.
(3)Sub-paragraph (2) is subject to paragraph 50 below.
(4)This paragraph is to be read as if contained in Part 9A of TIOPA 2010.