The Controlled Foreign Companies (Excluded Countries) (Amendment) Regulations 2005
These Regulations amend the Controlled Foreign Companies (Excluded Countries) Regulations 1988 (S.I. 1998/3081 “the principal Regulations”). Section 748(1A) of the Income and Corporation Taxes Act 1988 (c. 1), in exercise of which these Regulations are made, authorises the making of retrospective provision.