Set up a limited company
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UK Act of Parliament
1988
United Kingdom
Income and Corporation Taxes Act 1988 (historical marginal relief formula basis)
At a glance
Enforced by
What's here
3 compliance obligations, 2 practical guides · 7 journeys
Penalty landscape
1 of 3 obligations carry an unlimited fine. 2 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 1
- Trader 1
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Manage your tax compliance
- 1 step
File your first Corporation Tax return
- 2 steps
Corporation Tax quick compliance check
- 1 step
Start a business
- 1 step
Run your limited company
- 1 step
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Mentioned in related content
2 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 749 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 110 duties
- Licensing Act 2003 2003 105 duties
- Merchant Shipping Act 1995 1995 97 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 86 duties
Traders also bound by 219 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 952 duties
- TULRCA 1992 1992 39 duties
- Companies Act 2006 2006 39 duties
- Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 2013 39 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part I — THE CHARGE TO TAX
Browse 8 other sections in this Part — procedural / definitional / commencement
Fractions of a pound, and yearly assessments.
Construction of references in Income Tax Acts to deduction of tax.
General scheme of corporation tax.
Basis of, and periods for, assessment.
Corporation tax starting rate.
The non-corporate distribution rate
Schedule A.
Schedule F.
Part II — PROVISIONS RELATING TO THE SCHEDULE A CHARGE
Browse 8 other sections in this Part — procedural / definitional / commencement
Deductions from receipts other than rent.
Deduction for expenditure on energy-saving items
Restrictions on relief
Capital allowances for machinery and plant used in estate management.
Treatment of premiums, etc. as rent.
Transfer of rent: exceptions, &c.
Interposed lease.
Interposed lease: exceptions, &c.
Part III — GOVERNMENT SECURITIES
Browse 4 other sections in this Part — procedural / definitional / commencement
Interpretation of Part III.
United Kingdom government securities held by non-residents.
Gilt-edged securities held under authorised arrangements.
Commencement of direction under section 50 or 51.
Part IV — PROVISIONS RELATING TO THE SCHEDULE D CHARGE
Valuation of trading stock at discontinuance of trade.
Amended 18 timesValuation of work in progress at discontinuance of profession or vocation.
Amended 12 timesApplication of charges where rights to payments transferred.
Amended 6 timesElection for carry-back.
Amended 3 timesTreatment of partnerships.
Amended 12 timesEffect, for income tax, of change in ownership of trade, profession or vocation.
Amended 7 timesSpecial rules for computing profits and losses.
Amended 8 timesDeduction of tax at reduced rate.
Amended 17 timesRestriction on relief: companies
Amended 17 times“A significant amount of time”
Amended 17 timesCarry forward of unrelieved losses of non-active partners
Amended 17 timesPartners: meaning of “contribution to the trade”
Amended 17 timesMeaning of “relevant loss” in section 118ZN
Amended 17 timesRent etc. payable in respect of electric line wayleaves.
Amended 8 timesRelief in respect of mineral royalties.
Amended 13 timesForeign dividends.
Amended 12 timesInterest on quoted Eurobonds.
Amended 9 timesCharge to tax on appropriation of securities and bonds.
Amended 4 timesFutures and options: transactions with guaranteed returns.
Amended 7 timesBrowse 26 other sections in this Part — procedural / definitional / commencement
Mines, quarries and other concerns.
Disposal or exercise of rights in pursuance of deposits.
Deep discount securities.
Change of basis period.
Basis of assessment on discontinuance.
Case III assessments.
Cases IV and V assessments: general.
Special rules where property etc. situated in Republic of Ireland.
Amounts reversing expenses of management deducted: charge to tax
Retraining courses
Additional payments
Car or motor cycle hire
Incidental costs of obtaining loan finance.
Travel between trades etc.
Expenditure on research and development.
Gifts in kind to charities etc.
Gifts to educational establishments.
Costs of establishing employee share ownership trusts: relief.
Charitable donations: contributions to agent’s expenses.
Taxable premiums etc.
Section 88A debts: restriction on deductions under section 74(j).
Section 88A debts: restriction on other deductions.
Waste disposal: preparation expenditure.
Waste disposal: entitlement of successor to allowances.
Farming and market gardening: relief for fluctuating profits.
Treatment of farm animals etc.
Part V — PROVISIONS RELATING TO THE SCHEDULE E CHARGE
Workers supplied by agencies.
Amended 1 timeProvisions supplementary to section 135.
Amended 5 timesShare acquisitions by directors and employees.
Amended 6 timesProvisions supplementary to section 138.
Amended 3 timesFurther interpretation of sections 135 to 139.
Amended 2 timesConditional acquisition of shares.
Amended 2 timesConsideration for convertible shares.
Amended 2 timesCredit-tokens.
Amended 9 timesPayments etc. received free of tax.
Amended 3 timesLiving accommodation provided for employee.
Amended 4 timesAdditional charge in respect of certain living accommodation.
Amended 1 timeSick pay.
Amended 1 timeNotification of taxable amount of certain benefits.
Amended 8 timesCash equivalent of benefits charged under section 154.
Amended 1 timeLimited exemption for computer equipment.
Amended 1 timeCars available for private use.
Amended 7 timesCars available for private use: cash alternative, etc.
Amended 7 timesCar fuel.
Amended 33 timesPooled cars.
Amended 1 timeVans available for private use.
Amended 1 timeBeneficial loan arrangements.
Amended 20 timesExceptions from section 160.
Amended 8 timesEquipment to enable disabled person to use car.
Amended 15 timesPrice of a car: accessories not included in list price.
Amended 15 timesPrice of a car: accessories available after car first made available.
Amended 15 timesCancellation of registration.
Amended 7 timesAppeals.
Amended 3 timesIndependent accountants.
Amended 7 timesApproved profit sharing schemes.
Amended 13 timesInterpretation of sections 185 and 186 and Schedules 9 and 10.
Amended 18 timesExemptions from section 148.
Amended 3 timesForeign earnings deduction for seafarers.
Amended 1 timeForeign earnings and travel expenses.
Amended 1 timeExpenditure excluded from section 200B.
Amended 7 timesSection 200E: exclusion of expenditure otherwise relieved.
Amended 7 timesExpenses of members of Scottish Parliament, National Assembly for Wales or Northern Ireland Assembly.
Amended 7 timesDonations to charity: payroll deduction scheme.
Amended 7 timesPay as you earn.
Amended 10 timesPAYE: employee of non-UK employer.
Amended 10 timesPAYE: tradeable assets.
Amended 10 timesPAYE: gains from share options etc.
Amended 10 timesPAYE: non-cash vouchers.
Amended 10 timesTrading arrangements.
Amended 10 timesAssessments unnecessary in certain circumstances.
Amended 2 timesPAYE settlement agreements.
Amended 2 timesBrowse 13 other sections in this Part — procedural / definitional / commencement
Voluntary pensions.
Notice of nil liability under this Chapter.
Persons who may apply for registration.
Death of scheme employer.
Job release scheme allowances not to be treated as income.
Other foreign travel expenses.
Foreign pensions.
Leave travel facilities for the armed forces.
Support for public transport road services.
Mileage allowance relief
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Sporting and recreational facilities.
Part VI — COMPANY DISTRIBUTIONS, TAX CREDITS ETC
Application of lower rate to company distributions.
Amended 3 timesU.K. company distributions not generally chargeable to corporation tax.
Amended 5 timesSection 209(3AA): link to shares of company or associated company
Amended 22 timesExempt distributions.
Amended 3 timesReduction of vendor’s interest as shareholder.
Amended 1 timeOther interpretative provisions.
Amended 2 timesTax credits for non-U.K. residents.
Amended 3 timesInformation relating to distributions: further provisions.
Amended 11 timesDistributions of exempt funds etc.
Amended 1 timeProvisions supplementary to section 235.
Amended 4 timesRestriction on application of section 240 in certain circumstances.
Amended 3 timesRestriction on set-off where asset transferred after change in ownership of company.
Amended 3 timesElection by company paying dividend.
Amended 8 timesNo tax credit for recipient.
Amended 8 timesCalculation of ACT where company receives foreign income dividend.
Amended 8 timesInformation relating to foreign income dividends.
Amended 8 timesForeign source profit and distributable foreign profit.
Amended 8 timesRequirement as to subsidiaries.
Amended 8 timesNotional foreign source advance corporation tax.
Amended 8 timesPayments and repayments where further matching takes place.
Amended 8 timesAdjustments where profits or foreign tax altered.
Amended 8 timesDividends etc. paid by one member of a group to another.
Amended 20 timesProvisions supplementary to section 247.
Amended 3 timesReturns.
Amended 4 timesInterpretation of sections 249 and 250.
Amended 3 timesApplication of sections 251B and 251C
Amended 3 timesCharge on dividend shares ceasing to be subject to plan
Amended 3 timesInterpretation of sections 251A to 251C
Amended 3 timesPower to modify or replace section 234(5) to (9) and Schedule 13.
Amended 4 timesInterpretation of Part VI.
Amended 2 timesPart VII — GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS
Transitional relief: the elderly.
Amended 95 timesWidower’s or widow’s housekeeper.
Amended 1 timeApportionment of relief under section 259.
Amended 3 timesAdditional relief in respect of children for year of separation.
Amended 2 timesWidow’s bereavement allowance.
Amended 9 timesDependent relatives.
Amended 1 timeLimits on relief under section 266.
Amended 9 timesMeaning of “relative”.
Amended 1 timeAggregation of wife’s income with husband’s.
Amended 2 timesTransfer of reliefs.
Amended 2 timesJointly held property.
Amended 6 timesConnected persons: directors.
Amended 10 timesParallel trades.
Amended 4 timesCompanies with interests in land.
Amended 3 timesProvisions supplementary to sections 293 and 297.
Amended 10 timesDisposal of shares.
Amended 18 timesPre-arranged exits.
Amended 18 timesValue received from company.
Amended 13 timesProvisions supplementary to section 300.
Amended 8 timesReceipts of insignificant value: supplementary provision
Amended 8 timesSpouses and civil partners.
Amended 8 timesReorganisation of share capital.
Amended 7 timesFurther provisions as to subsidiaries.
Amended 2 timesInformation.
Amended 29 timesNominees, bare trustees and approved investment funds.
Amended 3 timesInterpretation of Chapter III.
Amended 51 timesOther pensions in respect of death due to war service etc.
Amended 1 timeCommonwealth Agents-General and official agents etc.
Amended 1 timeInterest on deposits with National Savings Bank.
Amended 2 timesInterest etc. under contractual savings schemes.
Amended 20 timesTax-exempt special savings accounts.
Amended 20 timesLoss of exemption for special savings accounts.
Amended 20 timesTax-exempt special savings accounts: tax representatives.
Amended 20 timesPayments to adopters
Amended 1 timeVenture capital trusts: relief.
Amended 12 timesInvolvement of insurance companies with plans and accounts.
Amended 7 timesBrowse 3 other sections in this Part — procedural / definitional / commencement
Qualifying policies.
Right of husband to disclaim liability for tax on deceased wife’s income.
Annuities purchased for certain persons.
Part VIII — TAXATION OF INCOME AND CHARGEABLE GAINS OF COMPANIES
Meaning of “charges on income"
Amended 19 timesCharges on income: annuities or other annual payments
Amended 19 timesCharges on income: donations to charity.
Amended 33 timesPayments of interest etc. between related companies.
Amended 1 timeCompany reconstructions without a change of ownership.
Amended 27 timesPart IX — ANNUAL PAYMENTS AND INTEREST
The conditions mentioned in section 349A(1)
Amended 66 timesCharge to tax where payments made under section 349.
Amended 8 timesCertificates of deduction of tax.
Amended 3 timesJob-related accommodation.
Amended 6 timesResidence basis: married couples.
Amended 6 timesPayments to which sections 356A and 356B apply.
Amended 6 timesProvisions supplementary to sections 356A to 356C.
Amended 6 timesLoan to buy interest in close company.
Amended 10 timesLoan to buy interest in co-operative or employee-controlled company.
Amended 5 timesProvisions supplementary to sections 360 to 362.
Amended 1 timeMortgage interest payable under deduction of tax.
Amended 24 timesRelevant loan interest.
Amended 22 timesInterest which never has been relevant loan interest etc.
Amended 2 timesOption to deduct interest for the purposes of Schedule A.
Amended 9 timesQualifying borrowers and qualifying lenders.
Amended 21 timesThe register of qualifying lenders.
Amended 21 timesOther duties (1) — Crown / regulator
- HMRC must maintain and publish a register of qualifying lenders Statutory regulator
Supplementary regulations.
Amended 5 timesPart X — LOSS RELIEF AND GROUP RELIEF
Losses from UK property business.
Amended 5 timesProvisions supplementary to sections 380 and 381.
Amended 7 timesCarry-back of terminal losses.
Amended 14 timesLosses from miscellaneous transactions
Amended 7 timesLosses from overseas property business.
Amended 7 timesLosses other than terminal losses.
Amended 20 timesLosses: set off against profits of the same, or an earlier, accounting period.
Amended 20 timesWrite-off of government investment.
Amended 43 timesRelief in respect of overseas losses of non-resident companies
Amended 19 timesLimitation of group relief in relation to certain dual resident companies.
Amended 15 timesClaims relating to losses etc. of members of both group and consortium.
Amended 1 timeClaims relating to losses etc. of consortium company or group member.
Amended 6 timesGroup relief by way of substitution for loss relief.
Amended 4 timesInterpretation of Chapter IV.
Amended 12 timesPart XI — CLOSE COMPANIES
Certain quoted companies not to be close companies.
Amended 3 times“Distribution” to include certain expenses of close companies.
Amended 6 timesExceptions from section 419.
Amended 1 timeBrowse 3 other sections in this Part — procedural / definitional / commencement
Part XII — SPECIAL CLASSES OF COMPANIES AND BUSINESSES
Interpretative provisions relating to insurance companies.
Amended 115 timesMeaning of “life reinsurance business”.
Amended 115 timesMeaning of “overseas life assurance business”.
Amended 115 timesOverseas life assurance business: regulations.
Amended 115 timesMeaning of “gross roll-up business”
Amended 115 timesCompany carrying on life assurance business and other insurance business
Amended 115 timesSection 432B apportionment: non-participating funds
Amended 8 timesPHI business other than life assurance business — adjustment consequent on change in Insurance Prudential Sourcebook
Amended 8 timesComputation of losses and limitation on relief.
Amended 46 timesAdditions to non-profit funds: amount of loss reduction
Amended 46 timesCapital allowances: management assets.
Amended 46 timesRestricted government securities.
Amended 7 timesOverseas life assurance business.
Amended 17 timesTreatment of UK land.
Amended 17 timesOverseas business of U.K. companies.
Amended 7 timesLife policies issued before 5th August 1965.
Amended 1 timeTransfers of business.
Amended 1 timeTransfers of business: election for transferee to pay tax of transferor
Amended 1 timeTransfer scheme transferring part of business: transferor
Amended 1 timeTransfer schemes: reduction of income of transferee
Amended 1 timeTransfers of business: modification of s.83(2B) FA 1989
Amended 1 timeTransfers of business: FAFTS
Amended 1 timeParts of transfer scheme arrangements: life assurance trade profits advantage transferor
Amended 1 timeSection 444AF: “demutualisation transfer surplus”
Amended 1 timeSections 444AF and 444AK: “relevant receipts reduction”
Amended 1 timeInterpretation of sections 444AF to 444AK
Amended 1 timeTransfers of life assurance business: gross roll-up business losses of the transferor
Amended 1 timeModification of section 440.
Amended 1 time. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Amended 2 times. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Amended 9 times. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Amended 5 timesCapital redemption business.
Amended 14 timesLong-term business: application of the Corporation Tax Acts.
Amended 11 timesCertified unit trusts.
Amended 23 timesAuthorised unit trusts.
Amended 23 timesCorporation tax: cases where lower rate applies.
Amended 23 timesInterpretation.
Amended 23 timesCases where no obligation to deduct tax
Amended 23 timesDeduction of tax (mixed funds).
Amended 23 timesResidence declarations.
Amended 23 timesCourt common investment funds.
Amended 27 timesTransitional provisions relating to unit trusts.
Amended 3 timesDistribution of securities issued in connection with nationalisation etc.
Amended 4 timesTrading profits etc. from securities: taxation of amounts taken to reserves
Amended 4 timesTax-free Treasury securities: exclusion of interest on borrowed money.
Amended 18 timesBuilding societies: regulations for payment of tax.
Amended 2 timesInvestments becoming or ceasing to be relevant building society investments.
Amended 1 timeBuilding societies: time for payment of tax.
Amended 2 timesRelevant deposits: computation of tax on interest.
Amended 1 timeDetermination of reduced rate for building societies and composite rate for banks etc.
Amended 1 timeCo-operative housing associations.
Amended 23 timesSelf-build societies.
Amended 12 timesTreatment of oil extraction activities etc. for tax purposes.
Amended 19 timesComputation of amount available for surrender by way of group relief.
Amended 38 timesSale and lease-back.
Amended 38 timesTariff receipts and tax-exempt tariffing receipts
Amended 8 timesExploration expenditure supplement
Amended 8 timesRestriction on setting ACT against income from oil extraction activities etc.
Amended 7 timesDeduction of PRT in computing income for corporation tax purposes.
Amended 6 timesLessor under long funding finance lease: rental earnings
Amended 13 timesLessor under long funding finance lease making termination payment
Amended 13 timesCases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
Amended 13 timesLetting of furnished holiday accommodation treated as trade for certain income tax purposes
Amended 16 timesSection 506A: exceptions
Amended 16 timesReserves of marketing boards and certain other statutory bodies.
Amended 3 timesThe Electricity Council and Boards, the Northern Ireland Electricity Service and the Gas Council.
Amended 3 timesIssue departments of the Reserve Bank of India and the State Bank of Pakistan.
Amended 2 timesLocal authorities.
Amended 4 timesBrowse 1 other section in this Part — procedural / definitional / commencement
Assessment, recovery and postponement of supplementary charge
Part XIII — MISCELLANEOUS SPECIAL PROVISIONS
Relief for expenses.
Amended 7 timesTaxation of royalties where owner abroad.
Amended 4 timesApplication of this Chapter etc. to policies and contracts in which persons other than companies are interested
Amended 16 timesLife policies: computation of gain.
Amended 9 timesLife annuity contracts: computation of gain.
Amended 6 timesCapital redemption policies.
Amended 3 timesCalculation of certain amounts for purposes of sections 540, 542 and 545.
Amended 4 timesCertain deficiencies allowable as deductions.
Amended 11 timesDuties of overseas insurers’ tax representatives.
Unlimited fine Amended 54 times- Appoint and oversee an overseas insurer’s tax representative Any Person
Overseas life assurance business: capital redemption policies.
Amended 15 timesPersonal portfolio bonds.
Amended 15 timesPayment of tax.
Amended 1 timeCharge on profits.
Amended 6 timesConditions to be satisfied by firms.
Amended 3 timesQualifying trading companies
Amended 33 timesThe trading requirement
Amended 33 timesThe control and independence requirement
Amended 33 timesThe qualifying subsidiaries requirement
Amended 33 timesThe gross assets requirement
Amended 33 timesRelief after an exchange of shares for shares in another company
Amended 33 timesInterpretation of Chapter
Amended 33 timesExpenditure involving crime.
Amended 41 timesExpenditure on car hire
Amended 2 timesBorrowing in foreign currency by local authorities and statutory corporations.
Amended 1 timeInterest on foreign currency securities etc.
Amended 1 timeInter-American Development Bank.
Amended 1 timeRelief for unremittable overseas income
Amended 18 timesRelief from tax on delayed remittances.
Amended 5 timesGifts of shares, securities and real property to charities etc
Amended 4 timesQualifying interests in land held jointly
Amended 4 timesTraining courses for employees.
Amended 22 timesQualifying courses of training etc.
Amended 3 timesCounselling services for employees.
Amended 3 timesBrowse 1 other section in this Part — procedural / definitional / commencement
Part XIV — PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.
Section 590: further supplementary provisions.
Amended 35 timesCessation of approval: tax on certain schemes.
Amended 12 timesExempt statutory schemes.
Amended 7 timesCharge to tax: repayment of employee’s contributions.
Amended 4 timesCharge to tax: commutation of entire pension in special circumstances.
Amended 14 timesCharge to tax: payments out of surplus funds.
Amended 14 timesRegulations relating to pension fund surpluses.
Amended 1 timeInformation.
Amended 7 timesRecourse to scheme members.
Amended 8 timesDefinition of “retirement benefits scheme”.
Amended 9 timesExemptions and reliefs in respect of income from investments etc. of certain pension schemes.
Amended 8 timesOther overseas pensions.
Amended 1 timeRelevant earnings.
Amended 13 timesLloyd’s underwriters.
Amended 2 timesPartnership retirement annuities.
Amended 3 timesApproval of schemes.
Amended 4 timesConversion of certain approved retirement benefits schemes.
Amended 4 timesEligibility to make contributions.
Amended 24 timesEligibility to make contributions: concurrent membership.
Amended 24 timesScope of benefits.
Amended 6 timesIncome withdrawals by member.
Amended 2 timesDeath benefit.
Amended 1 timeReturn of contributions on or after death of member.
Amended 1 timeCarry-back of contributions.
Amended 3 timesCarry-forward of relief.
Amended 1 timeEarnings from pensionable employment.
Amended 12 timesEarnings from associated employments.
Amended 13 timesWithdrawal of approval.
Amended 1 timeInformation: penalties.
Amended 1 timeNotices to be given to scheme administrator.
Amended 1 timeRemuneration of Ministers and other officers.
Amended 1 timeTransitional provisions.
Amended 6 timesInterpretation of provisions about pension sharing.
Amended 1 timeTreatment of income from property investment LLPs
Amended 1 timeBrowse 4 other sections in this Part — procedural / definitional / commencement
Schemes approved before 23rd July 1987.
Modification of section 619 in relation to persons over 50.
Unauthorised payments.
Return of contributions after pension date.
Part XV — SETTLEMENTS
Dispositions for period which cannot exceed six years.
Amended 2 timesAdjustments between settlor and trustees, &c.
Amended 2 timesThe general rule.
Amended 2 timesProvisions supplementary to sections 671 to 674.
Amended 3 timesInterpretation of Chapter III.
Amended 3 timesTransfer between settlements: identification of settlor
Amended 2 timesInterpretation of section 686B
Amended 57 timesSpecial trust rates not to apply to first slice of trust income
Amended 57 timesApplication of section 686D where settlor has made more than one settlement
Amended 57 timesCertain income not to be income of settlor etc.
Amended 2 timesReimbursement of settlor.
Amended 2 timesTrustees chargeable to income tax in certain cases at higher rate reduced by rate applicable to trusts
Amended 7 timesBrowse 4 other sections in this Part — procedural / definitional / commencement
Part XVI — ESTATES OF DECEASED PERSONS IN COURSE OF ADMINISTRATION
Untaxed sums comprised in the income of the estate.
Amended 7 timesAdjustments and information.
Amended 31 timesApplication to Scotland.
Amended 3 timesPart XVII — TAX AVOIDANCE
Cancellation of corporation tax advantage.
Amended 30 timesProceedings in Northern Ireland.
Amended 11 timesMeaning of “securities”, “transfer” etc. for purposes of sections 711 to 728.
Amended 23 timesTreatment of deemed sums and reliefs.
Amended 7 timesNew issues of securities.
Amended 1 timeTreatment of price differential on sale and repurchase of securities.
Amended 32 timesPersons entitled to exemptions.
Amended 1 timeQuasi-stock lending arrangements and quasi-cash collateral
Amended 2 timesInterpretation of section 737A.
Amended 31 timesDeemed manufactured payments: further provisions.
Amended 31 timesExemption from sections 739 and 740 (transactions before 5th December 2005)
Amended 3 timesCases where there are both old transactions and new transactions
Amended 3 timesSupplemental provisions.
Amended 8 timesImputation of chargeable profits and creditable tax of controlled foreign companies
Amended 25 timesExclusion of small profits exemptions
Amended 23 timesElections and designations under section 749: supplementary provisions.
Amended 5 timesInterests in companies.
Amended 5 timesReduction in chargeable profits for certain financing income
Amended 14 timesReduction in chargeable profits: failure to qualify for exemptions
Amended 14 timesReduction in chargeable profits following an exempt period
Amended 14 timesReturns where it is not established whether acceptable distribution policy applies.
Amended 23 timesInformation relating to controlled foreign companies
Amended 1 time“Control" and the two “40 per cent" tests.
Amended 1 timeOffshore funds operating equalisation arrangements
Amended 8 timesCharge to income tax or corporation tax of offshore income gain.
Amended 25 timesOffshore income gains accruing to persons resident or domiciled abroad.
Amended 17 timesIncome treated as arising under section 761(1): remittance basis
Amended 17 timesInterpretation and commencement of sections 765 and 766.
Amended 3 timesChange in company ownership: postponed corporation tax.
Amended 3 timesChange of company ownership: supplementary.
Amended 3 timesChange in ownership of company with investment business: deductions generally
Amended 5 timesProvision not at arm’s length.
Amended 2 timesInterpretation of sections 770 and 771.
Amended 2 timesDisregard of intended effects of arrangement involving disposals of assets
Amended 6 timesDisregard of intended effects of arrangement involving change in relation to a partnership
Amended 6 timesTransactions in land: taxation of capital gains.
Amended 34 timesProvisions supplementary to section 776.
Amended 26 timesSection 785B: lease of plant and machinery and other property
Amended 4 timesTransactions associated with loans or credit.
Amended 13 timesRestriction of relief for payments of interest.
Amended 9 timesBrowse 2 other sections in this Part — procedural / definitional / commencement
Section 752(3): the percentage of shares which a relevant interest represents.
Transactions by petroleum companies.
Part XVIII — DOUBLE TAXATION RELIEF
Relief by agreement with other territories.
Amended 14 timesRequirement as to residence.
Amended 4 timesSection 796: trade income
Amended 5 timesDividends paid between related companies but not covered by arrangements.
Amended 1 timeDividends paid out of transferred profits.
Amended 18 timesSeparate streaming of dividend so far as representing an ADP dividend of a CFC.
Amended 18 timesInsurance companies carrying on more than one category of business: restriction of credit.
Amended 12 timesInterpretation of section 804C in relation to life assurance business etc.
Amended 12 timesSchemes and arrangements designed to increase relief
Amended 12 timesEligible unrelieved foreign tax on dividends: introductory.
Amended 14 timesOnshore pooling.
Amended 14 timesCredit to be given for underlying tax before other foreign tax etc.
Amended 14 timesInterpretation of foreign dividend provisions of this Chapter.
Amended 14 timesCarry forward or carry back of unrelieved foreign tax.
Amended 14 timesSale of securities with or without accrued interest.
Amended 11 timesIntroduction to section 807G
Amended 11 timesInterest: special relationship.
Amended 5 timesRelief in respect of discretionary trusts.
Amended 4 timesDeduction for foreign tax where no credit allowable.
Amended 24 timesWithdrawal of right to tax credit of certain non-resident companies connected with unitary states.
Amended 9 timesDisclosure of information.
Amended 19 timesPart XIX — SUPPLEMENTAL
Arrangements for payments of interest less tax or of fixed net amount.
Amended 3 timesUnder-deductions from payments made before passing of annual Act.
Amended 13 timesRepayment supplements: companies.
Amended 14 timesVAT penalties etc.
Amended 17 timesTerritorial scope of charges under certain provisions to which section 836B applies
Amended 17 timesOrders and regulations made by the Treasury or the Board.
Amended 49 timesTerritorial sea . . ..
Amended 8 timesInterpretation of the Corporation Tax Acts etc.
Amended 69 timesInterpretation of Income Tax Acts.
Amended 22 timesInterpretation of the Corporation Tax Acts.
Amended 26 times“Total income” in the Income Tax Acts.
Amended 10 timesReturns of total income.
Amended 1 timeGenerally accepted accounting practice
Amended 1 timeTable of provisions to which this section applies
Amended 1 timeMeaning of “ oil and gas exploration and appraisal ”.
Amended 1 timeMeaning of “offshore installation”
Amended 1 timeMeaning of “tax advantage”
Amended 17 timesLocal authorities.
Amended 31 timesMeaning of . . . “property investment LLP”
Amended 31 timesSchedules
Entitlement to certain payments on account
- Submit claim for provisional repayment of pension‑related tax Trader
Browse 18 other Schedules — structural / supplementary
PUBLIC REVENUE DIVIDENDS ETC. PAYABLE TO THE BANK OF ENGLAND OR THE BANK OF IRELAND OR ENTRUSTED FOR PAYMENT TO THE BANK OF ENGLAND, THE BANK OF IRELAND OR THE NATIONAL DEBT COMMISSIONERS
Interpretation
APPROVED SHARE OPTION SCHEMES AND PROFIT SHARING SCHEMES
Introductory
PROVISIONS ANCILLARY TO SECTION 266
QUALIFYING POLICIES
DIVISION OF ACCOUNTING PERIODS COVERING 1st APRIL 1987
QUALIFYING INVESTMENTS
Preliminary
Cases where section 747(3) does not apply
DISPOSALS OF INTERESTS IN NON-QUALIFYING FUNDS
REPEALS
CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS
Charge to tax etc.
INTRODUCTORY
Petroleum extraction activities: exploration expenditure supplement
Section 804ZA: prescribed schemes and arrangements
Venture Capital Trusts: Meaning of “qualifying holdings”
Other sections — not classified into a Part
These sections exist in the Act but the contents-of-Parts walker did not place them under a Part. Likely amendments or sections inserted out of the original Part structure.
Investment trusts investing in housing.
Amended 8 timesInterpretation of section 508A.
Amended 8 timesDefinition of relevant statutory scheme.
Amended 9 timesBrowse 2 other unclassified sections
Corporation tax: the non-corporate distribution rate: supplementary provisions
Determination of profits attributable to permanent establishment: supplementary provisions
Enforcement and responsible bodies
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HM Revenue & Customs
Tax collection, customs duties, national insurance, tax credits, and enforcement of the National Minimum Wage. Regulates all UK businesses for tax compliance …
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