BKLM222000 - Relevant entities and groups: relevant groups: how to determine the relevant group

Paragraphs 4(3) and (4) of Schedule 19

A relevant group consists of the parent entity (which must not be the subsidiary of another entity at the end of the chargeable period) and all of the entities that are consolidated into its financial statements at the end of a chargeable period (or would have been so consolidated had consolidated accounts been prepared).

In relation to the preparation of consolidated financial statements 바카라 사이트˜group바카라 사이트™, 바카라 사이트˜parent바카라 사이트™ and 바카라 사이트˜subsidiary바카라 사이트™ all have the meanings given by International Accounting Standards (IAS) whether or not the parent entity prepares its financial statements under those standards.

바카라 사이트˜Entity바카라 사이트™ is defined in Paragraph 70(1) as including a company, partnership and joint venture, but the following are not an 바카라 사이트˜entity바카라 사이트™ for the purpose of these provisions:

  • the Crown
  • a Minister of the Crown
  • a government department
  • a Northern Ireland department
  • a foreign sovereign power, or
  • an international organisation (defined in Paragraph 70(1)).