Related Commentary  Related HMRC Manuals

479(1)  References in this Part to “financial statements” of a worldwide group for a period are (subject to subsection (2)) to consolidated financial statements of the worldwide groupʼs ultimate parent and its subsidiaries in respect of the period.

479(2)  Where the worldwide group is at all times during the period a single-company worldwide group, the references are to financial statements of the ultimate parent in respect of the period.

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