Parent Undertaking

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Definitions
Group
Group Subsidiaries Parent Undertaking UK Tax Law Share Ownership Voting Share Capital Consolidated Financial Statements Group Relief Medium-Sized Group Small Group
A parent undertaking and its subsidiary or subsidiaries. In UK tax law, two or more companies constitute a group where one company holds more than 50% of the shares in the other(s). This test is usually applied to the voting share capital only. Where there is a group of companies, the availability of the lower rates of corporation tax is restricted.
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