| Guvnor

Enforced by: HMRC
Status: Amended (in force with amendments)
Penalty ceiling: Imprisonment 1 of 53 obligations carry a criminal penalty. 1 carries different penalties and 51 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trader42 Any Person4 Employer1 Farmer or Animal Keeper1 Director or Officer1

Plus 4 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Employer — also bound by 682 other Acts

The Income Tax (Pay As You Earn) Regulations 2003 241 duties

Provision and Use of Work Equipment Regulations 1998 120 duties

TULRCA 1992 72 duties

Income Tax (Earnings and Pensions) Act 2003 54 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 53 duties

Farmer or Animal Keeper — also bound by 80 other Acts

Arable Area Payments Regulations (Northern Ireland) 1997 24 duties

The Environmentally Sensitive Areas (Loch Lomond) Designation Order 1987 17 duties

The Environmentally Sensitive Areas (Lleyn Peninsula) Designation Order 1987 14 duties

The Environmentally Sensitive Areas (Shetland Islands) Designation Order 1993 12 duties

The Environmentally Sensitive Areas (Scotland) Orders Amendment Order 1994 11 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introduction

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.001 Overview of Act

s.overview of the corporation tax acts Overview of the Corporation Tax Acts

Part 2

Charge to corporation tax: basic provisions

0 of 64 sections shown

64 other sections in this Part — procedural and definitional

s.002 Charge to corporation tax

s.003 Exclusion of charge to income tax

s.004 Exclusion of charge to capital gains tax

s.005 Territorial scope of charge

s.005 Arrangements for avoiding tax

s.005 Trade of dealing in or developing UK land

s.006 Profits accruing in fiduciary or representative capacity

s.007 Profits accruing under trusts

s.008 How tax is charged and assessed

s.009 Beginning of accounting period

s.010 End of accounting period

s.011 Companies with more than one accounting date

s.012 Companies being wound up

s.013 Overview of Chapter

s.014 Companies incorporated in the United Kingdom

s.015 Continuation of residence established under common law

s.016 SEs which transfer registered office to the United Kingdom

s.017 SCEs which transfer registered office to the United Kingdom

s.018 Companies treated as non-UK resident under double taxation arrangements

s.018 Exemption for profits or losses of foreign permanent establishments

s.018 Chargeable gains etc

s.018 Capital allowances etc

s.018 Income arising from immovable property

s.018 Profits and losses from investment business

s.018 Payments subject to deduction

s.018 Employee share acquisitions

s.018 Effect of election

s.018 Anti-diversion rule

s.018 What are “diverted profits”?

s.018 Modification of Chapter 3 of Part 9A of TIOPA 2010

s.018 Modification of Chapter 4 of Part 9A of TIOPA 2010

s.018 Modification of Chapter 5 of Part 9A of TIOPA 2010

s.018 Modification of Chapter 7 of Part 9A of TIOPA 2010

s.018 Modification of Chapter 9 of Part 9A of TIOPA 2010

s.018 Exemptions from anti-diversion rule

s.018 The excluded territories exemption

s.018 The low profits exemption

s.018 The low profit margin exemption

s.018 The tax exemption

s.018 Companies with total opening negative amount

s.018 Total opening negative amount: “matching”

s.018 Streaming

s.018 Streamed opening negative amounts: “matching”

s.018 Residual opening negative amount: “matching”

s.018 Transfers of foreign permanent establishment business

s.018 Exclusions

s.018 Insurance companies

s.018 Meaning of “full treaty territory”

s.018 Other interpretation

s.019 Chargeable profits

s.020 Profits attributable to permanent establishment: introduction

s.021 The separate enterprise principle

s.022 Transactions treated as being on arm's length terms

s.023 Provision of goods or services for permanent establishment

s.024 Application to insurance companies

s.025 Non-UK resident banks: introduction

s.026 Transfer of financial assets

s.027 Loans: attribution of financial assets and profits arising

s.028 Borrowing: permanent establishment acting as agent or intermediary

s.029 Allowable deductions

s.030 Restriction on deductions: costs

s.031 Restriction on deductions: payments in respect of intangible assets

s.032 Restriction on deductions: interest or other financing costs

s.033 Trade includes office

Part 3

Trading income

23 of 210 sections shown

s.075 Retraining courses: recovery of tax Regulated

Notify HMRC if retraining course condition failsEmployer

s.105 Gifts of trading stock to charities etc

amended 6 times (opens in a new tab)

s.114 Replacement of animals in herd Regulated

Account for costs and receipts when replacing herd animalsTrader

s.115 Amount of receipt if old animal slaughtered under disease control order Regulated

Cap the taxable receipt from a replacement animal after a disease control slaughterFarmer or Animal Keeper

s.126 Information if election made

amended 1 time (opens in a new tab)

s.130 Insurers receiving distributions etc

amended 1 time (opens in a new tab)

s.130 Insurers in financial difficulties: write-down orders

amended 1 time

s.132 Dividends etc granted by registered societies

amended 1 time (opens in a new tab)

s.135 Relief in respect of mineral royalties

amended 1 time (opens in a new tab)

s.138 Payments by companies liable to pool betting duty

amended 1 time (opens in a new tab)

s.144 Site preparation expenditure: supplementary

amended 4 times (opens in a new tab)

s.145 Site restoration payments

amended 4 times (opens in a new tab)

s.147 Deduction for capital expenditure

amended 2 times (opens in a new tab)

s.151 Allocation of expenditure Regulated

Allocate sound recording master costs fairly across accounting periodsTrader

s.161 Transfer pricing rules to take precedence

amended 6 times (opens in a new tab)

s.162 Valuation of trading stock on cessation

amended 1 time (opens in a new tab)

s.168 Connected persons

amended 1 time (opens in a new tab)

s.173 Relief for unremittable amounts Regulated

Claim tax relief for unremittable overseas incomeTrader

s.175 Withdrawal of relief Regulated

Bring withdrawn unremittable relief back into taxable profitsAny Person

s.180 Application of Chapter

amended 2 times (opens in a new tab)

s.189 Extent of charge to tax

amended 1 time (opens in a new tab)

s.191 Other rules about what counts as post-cessation receipts

amended 1 time (opens in a new tab)

s.201 Provisions which must be given priority over this Part

amended 1 time (opens in a new tab)

187 other sections in this Part — procedural and definitional

s.034 Overview of Part

s.035 Charge to tax on trade profits

s.036 Farming and market gardening

s.037 Commercial occupation of woodlands

s.038 Commercial occupation of land other than woodlands

s.039 Profits of mines, quarries and other concerns

s.040 Credit unions

s.040 Payments to company directors

s.040 Professionals in practice: incidental income from an office or employment

s.041 Effect of company starting or ceasing to be within charge to corporation tax

s.042 Tied premises

s.043 Caravan sites where trade carried on

s.044 Surplus business accommodation

s.045 Payments for wayleaves

s.046 Generally accepted accounting practice

s.047 Losses calculated on same basis as profits

s.048 Receipts and expenses

s.049 Items treated as receipts and expenses

s.049 Money's worth

s.050 Animals kept for trade purposes

s.051 Relationship between rules prohibiting and allowing deductions

s.052 Apportionment etc of profits and losses to accounting period

s.053 Capital expenditure

s.054 Expenses not wholly and exclusively for trade and unconnected losses

s.055 Bad debts

s.056 Car ... hire

s.057 Car ... hire: supplementary

s.058 Hiring cars (but not motor cycles) with low CO 2 emissions before 1 April 2013

s.058 Short-term hiring in and long-term hiring out

s.058 Connected persons: application of section 56

s.059 Patent royalties

s.060 Expenditure on integral features

s.060 Rental rebates

s.061 Pre-trading expenses

s.062 Tenants under taxed leases: introduction

s.063 Tenants occupying land for purposes of trade treated as incurring expenses

s.064 Limit on deductions if tenant entitled to mineral extraction allowance

s.065 Tenants dealing with land as property employed for purposes of trade

s.066 Restrictions on section 63 expenses: lease premium receipts

s.067 Restrictions on section 63 expenses: lease of part of premises

s.068 Replacement and alteration of trade tools

s.069 Payments for restrictive undertakings

s.070 Employees seconded to charities and educational establishments

s.071 Educational establishments

s.072 Payroll deduction schemes: contributions to agents' expenses

s.073 Counselling and other outplacement services

s.074 Retraining courses

s.076 Redundancy payments and approved contractual payments

s.077 Payments in respect of employment wholly in employer's trade

s.078 Payments in respect of employment in more than one capacity

s.079 Additional payments

s.080 Application of section 79 in cases involving partnerships

s.081 Payments made by the Government

s.082 Contributions to local enterprise organisations or urban regeneration companies

s.083 Meaning of “local enterprise organisation”

s.084 Approval of local enterprise agencies

s.085 Supplementary provisions with respect to approvals

s.086 Meaning of “urban regeneration company”

s.086 Contributions to flood and coastal erosion risk management projects

s.086 Interpretation of section 86A

s.087 Expenses of research and development

s.088 Payments to research associations, universities etc

s.089 Expenses connected with patents

s.090 Expenses connected with designs or trade marks

s.091 Payments to Export Credits Guarantee Department

s.092 Levies etc under FISMA 2000

s.092 Deductions in relation to salaried members

s.093 Capital receipts

s.094 Debts incurred and later released

s.095 Acquisition of trade: receipts from transferor's trade

s.096 Reverse premiums

s.097 Excluded cases

s.098 Tax treatment of reverse premiums

s.099 Arrangements not at arm's length

s.100 Connected persons and property arrangements

s.101 Distribution of assets of mutual concerns

s.102 Industrial development grants

s.103 Sums recovered under insurance policies etc

s.104 Repayments under FISMA 2000

s.104 s.104A

s.104 s.104B

s.104 s.104H

s.104 s.104N

s.104 s.104O

s.106 Meaning of “designated educational establishment”

s.107 Gifts of medical supplies and equipment

s.108 Receipt of benefits by donor or connected person

s.109 Election for application of herd basis rules

s.110 Meaning of “animal”, “herd”, “production herd” etc

s.111 Other interpretative provisions

s.112 Initial cost of herd and value of herd

s.113 Addition of animals to herd

s.116 Sale of animals from herd

s.117 Sale of whole or substantial part of herd

s.118 Acquisition of new herd begun within 5 years of sale

s.119 Section 118: sale for reasons outside farmer's control

s.120 Replacement of part sold begun within 5 years of sale

s.121 Section 120: sale for reasons outside farmer's control

s.122 Herd basis elections

s.123 Five year gap in which no production herd kept

s.124 Slaughter under disease control order

s.125 Preventing abuse of the herd basis rules

s.127 Further assessment etc if herd basis rules apply

s.127 Application of Chapter 8A

s.127 Right to make claim

s.127 Book value

s.127 Effect of claim for spreading of profits

s.127 Adjustment: cessation of trading

s.127 Interpretation

s.128 Taxation of amounts taken to reserves

s.129 Conversion etc of securities held as circulating capital

s.131 Incidental costs of issuing qualifying shares

s.133 Annual payments paid by a credit union

s.133 Compensation payments: restriction of deductions

s.133 Companies affected by section 133A: amounts treated as received

s.133 The disclosure condition

s.133 Excluded expenses

s.133 Meaning of “banking company”

s.133 “Excluded company”

s.133 Meaning of “relevant regulated activity”

s.133 Investment bank

s.133 Meaning of “insurance company”

s.133 Meaning of “customer”

s.133 “Compensation” and related expressions

s.133 Associated companies

s.133 Application of sections 133A and 133B in relation to corporate partner

s.133 Powers to amend

s.134 Purchase or sale of woodlands

s.136 Lease premiums etc: reduction of receipts

s.137 Mineral exploration and access

s.139 Deduction for deemed employment payment

s.140 Special rules for partnerships

s.141 Deduction for deemed employment payments

s.141 Intermediaries providing worker's services to public authority or medium or large client

s.142 Deduction for site preparation expenditure

s.143 Allocation of site preparation expenditure

s.146 Cemeteries and crematoria: introduction

s.148 Allocation of ancillary capital expenditure

s.149 Exclusion of expenditure met by subsidies

s.149 Niches, memorials and inscriptions: introduction

s.149 Allowable deductions: niches

s.149 Allowable deductions: memorials

s.149 Allowable deductions: inscriptions

s.149 Costs of the building

s.150 Revenue nature of expenditure

s.152 Interpretation of sections 150 and 151

s.153 Reserves of marketing authorities and certain other statutory bodies

s.154 Conditions to be met by reserve fund

s.155 Interpretation of sections 153 and 154

s.156 Meaning of “trading stock”

s.157 Trading stock appropriated by trader

s.158 Trading stock supplied by trader

s.159 Disposals not made in the course of trade

s.160 Acquisitions not made in the course of trade

s.163 Meaning of “trading stock”

s.164 Basis of valuation of trading stock

s.165 Sale basis of valuation: sale to unconnected person

s.166 Sale basis of valuation: sale to connected person

s.167 Sale basis of valuation: election by connected persons

s.169 Cost to buyer of stock valued on sale basis of valuation

s.170 Meaning of “sale” and related expressions

s.171 Determination of questions

s.172 Application of Chapter

s.174 Restrictions on relief

s.176 Meaning of “know-how” etc

s.177 Disposal of know-how if trade continues to be carried on

s.178 Disposal of know-how as part of disposal of all or part of a trade

s.179 Seller controlled by buyer etc

s.181 Giving effect to positive and negative adjustments

s.182 Calculation of the adjustment

s.183 No adjustment for certain expenses previously brought into account

s.184 Cases where adjustment not required until assets realised or written off

s.185 Change from realisation basis to mark to market

s.186 Election for spreading if section 185 applies

s.187 Transfer of insurance business

s.188 Charge to tax on post-cessation receipts

s.190 Basic meaning of “post-cessation receipt”

s.192 Debts paid after cessation

s.193 Debts released after cessation

s.194 Transfer of rights if transferee does not carry on trade

s.195 Transfer of trading stock

s.196 Allowable deductions

s.197 Further rules about allowable deductions

s.198 Election to carry back

s.199 Deductions already made are not displaced

s.200 Election given effect in accounting period in which receipt is received

Part 4

Property income

26 of 97 sections shown

s.202 Overview of Part

amended 1 time (opens in a new tab)

s.203 Overview of Chapter

amended 2 times (opens in a new tab)

s.208 Activities not for generating income from land

amended 1 time (opens in a new tab)

s.209 Charge to tax on profits of a property business

amended 1 time (opens in a new tab)

s.210 Profits of a property business: application of trading income rules

amended 6 times (opens in a new tab)

s.211 Loan relationships and derivative contracts

amended 1 time (opens in a new tab)

s.214 Relationship between rules prohibiting and allowing deductions

amended 3 times (opens in a new tab)

s.241 Section 240: supplementary

amended 2 times (opens in a new tab)

s.242 Determination by tribunal

amended 1 time (opens in a new tab)

s.245 Information about effective duration of lease

amended 1 time (opens in a new tab)

s.248 Furnished lettings

amended 1 time (opens in a new tab)

s.248 Wear and tear allowance: election

amended 1 time

s.248 Meaning of “eligible” in relation to a dwelling-house

amended 1 time

s.248 Effect of wear and tear allowance election

amended 1 time

s.252 Restrictions on relief

amended 1 time (opens in a new tab)

s.258 Relief in respect of mineral royalties

amended 1 time (opens in a new tab)

s.260 Mutual business

amended 1 time (opens in a new tab)

s.264 Overview of Chapter

amended 6 times (opens in a new tab)

s.267 Meaning of “qualifying holiday accommodation”

amended 2 times (opens in a new tab)

s.268 Under-used holiday accommodation: averaging elections

amended 3 times (opens in a new tab)

s.268 Under-used holiday accommodation: letting condition not met

amended 3 times

s.269 Capital allowances and loss relief: UK property business

amended 3 times (opens in a new tab)

s.269 Capital allowances and loss relief: overseas property business

amended 3 times

s.272 Deduction for management expenses of owner of mineral rights

amended 1 time (opens in a new tab)

s.283 Other rules about what counts as a “post-cessation receipt”

amended 1 time (opens in a new tab)

s.289 Effect of company starting or ceasing to be within charge to corporation tax

amended 1 time (opens in a new tab)

71 other sections in this Part — procedural and definitional

s.204 Meaning of “property business”

s.205 UK property business

s.206 Overseas property business

s.207 Meaning of “generating income from land”

s.212 Items treated as receipts and expenses

s.213 Certain amounts brought into account under Part 3

s.215 Overview of Chapter

s.216 Meaning of “short-term lease”

s.217 Lease premiums

s.218 Amount treated as lease premium where work required

s.219 Sums payable instead of rent

s.220 Sums payable for surrender of lease

s.221 Sums payable for variation or waiver of terms of lease

s.221 Sums to which sections 217 to 221 do not apply

s.222 Assignments for profit of lease granted at undervalue

s.223 Provisions supplementary to section 222

s.224 Sales with right to reconveyance

s.225 Sale and leaseback transactions

s.226 Provisions supplementary to sections 224 and 225

s.227 Circumstances in which additional calculation rule applies

s.228 The additional calculation rule

s.229 The additional calculation rule: special cases

s.230 Meaning of “unused amount” and “unreduced amount”

s.231 Deductions for expenses under section 232

s.232 Tenants under taxed leases treated as incurring expenses

s.233 Restrictions on section 232 expenses: the additional calculation rule

s.234 Restrictions on section 232 expenses: lease of part of premises

s.235 Limit on reductions and deductions

s.236 Payment of tax by instalments

s.237 Statement of accuracy for purposes of section 222

s.238 Claim for repayment of tax payable by virtue of section 224

s.239 Claim for repayment of tax payable by virtue of section 225

s.240 Appeals against proposed determinations

s.243 Rules for determining effective duration of lease

s.244 Applying the rules in section 243

s.246 Provisions about premiums

s.247 Interpretation

s.249 Acquisition of business: receipts from transferor's UK property business

s.250 Reverse premiums

s.250 Replacement domestic items relief

s.251 Deduction for expenditure on energy-saving items

s.253 Regulations

s.254 Deduction for expenditure on sea walls

s.255 Transfer of interest in premises

s.256 Ending of lease of premises

s.257 Transfer involving person within the charge to income tax

s.259 Nature of item apportioned on sale of estate or interest in land

s.261 Adjustment on change of basis

s.262 Giving effect to positive and negative adjustments

s.263 Expenditure on integral features

s.265 Meaning of “commercial letting of furnished holiday accommodation”

s.266 Meaning of “relevant period” in sections 267 and 268

s.270 Charge to tax on rent receivable in connection with a UK section 39(4) concern

s.271 Meaning of “rent receivable in connection with a UK section 39(4) concern”

s.273 Relief in respect of mineral royalties

s.274 Meaning of “mineral lease or agreement” and “mineral royalties”

s.275 Extended meaning of “mineral royalties” etc in Northern Ireland

s.276 Power to determine what counts as “mineral royalties”

s.277 Charge to tax on rent receivable for a UK electric-line wayleave

s.278 Meaning of “rent receivable for a UK electric-line wayleave”

s.279 Extent of charge to tax

s.280 Charge to tax on post-cessation receipts

s.281 Extent of charge to tax

s.282 Basic meaning of “post-cessation receipt”

s.284 Transfer of rights if transferee does not carry on UK property business

s.285 Allowable deductions

s.286 Election to carry back

s.287 Provisions which must be given priority over this Part

s.288 Priority between Chapters within this Part

s.290 Overseas property businesses and overseas land: adaptation of rules

s.291 Meaning of “lease” and “premises”

Part 5

Loan Relationships

164 of 235 sections shown

s.297 Trading credits and debits to be brought into account under Part 3

amended 1 time (opens in a new tab)

s.298 Meaning of trade and purposes of trade

amended 3 times (opens in a new tab)

s.300 Method of bringing non-trading deficits into account Regulated

Account for non-trading deficits from loan relationshipsTrader

s.301 Calculation of non-trading profits and deficits from loan relationships: non-trading credits and debits

amended 3 times (opens in a new tab)

s.302 “Loan relationship”, “creditor relationship”, “debtor relationship”

amended 2 times (opens in a new tab)

s.306 Overview of Chapter

amended 4 times (opens in a new tab)

s.306 Matters in respect of which amounts to be brought into account

amended 4 times

s.307 General principles about the bringing into account of credits and debits

amended 2 times (opens in a new tab)

s.308 Amounts recognised in determining a company's profit or loss

amended 5 times (opens in a new tab)

s.310 Power to make regulations about recognised amounts

amended 5 times (opens in a new tab)

s.311 Amounts not fully recognised for accounting purposes: introduction

amended 23 times (opens in a new tab)

s.312 Determination of credits and debits where amounts not fully recognised Regulated

Compute loan relationship credits/debits on full-recognition assumption with restrictionsTrader

amended 8 times (opens in a new tab)

s.313 Basis of accounting: “amortised cost basis”, “fair value accounting” and “fair value”

amended 12 times (opens in a new tab)

s.315 Introduction to sections 316 and 318

amended 4 times (opens in a new tab)

s.316 Change of basis of accounting involving change of value

amended 1 time (opens in a new tab)

s.317 Carrying value

amended 3 times (opens in a new tab)

s.318 Change of accounting basis following cessation of loan relationship

amended 6 times (opens in a new tab)

s.320 Credits and debits treated as relating to capital expenditure

amended 3 times (opens in a new tab)

s.320 Amounts recognised in other comprehensive income and not transferred to profit or loss Regulated

Include OCI amounts in tax computations when loan relationship is derecognisedTrader

amended 3 times

s.320 Hybrid capital instruments: amounts recognised in equity

amended 3 times

s.321 Credits and debits recognised in equity

amended 1 time (opens in a new tab)

s.321 Restriction on debits resulting from release of loans to participators etc

amended 1 time

s.322 Release of debts: cases where credits not required to be brought into account

amended 12 times (opens in a new tab)

s.323 Meaning of expressions relating to insolvency etc

amended 2 times (opens in a new tab)

s.323 Substantial modification: cases where credits not required to be brought into account

amended 2 times

s.323 Insurers in financial difficulties: write-down orders

amended 2 times

s.324 Restriction on debits resulting from revaluation

amended 1 time (opens in a new tab)

s.326 Writing off government investments

amended 2 times (opens in a new tab)

s.328 Exchange gains and losses

amended 12 times (opens in a new tab)

s.328 Arrangements that have a “one-way exchange effect”

amended 12 times

s.328 Meaning of “relevant exchange gain” and “relevant exchange loss”

amended 12 times

s.328 Meaning of “test day”

amended 12 times

s.328 Counterfactual currency movement assumptions

amended 12 times

s.328 Counterfactual currency movement assumptions: treatment of options

amended 12 times

s.328 Meaning of “option”

amended 12 times

s.328 Meaning of “relevant contingent contract” and “operative condition”

amended 12 times

s.328 Other interpretative provisions

amended 12 times

s.329 Pre-loan relationship and abortive expenses

amended 2 times (opens in a new tab)

s.330 Company is not, or has ceased to be, party to loan relationship Regulated

Include loan relationship profits/losses in tax even after leaving the relationshipTrader

s.331 Company ceasing to be party to loan relationship

amended 1 time (opens in a new tab)

s.332 Repo, stock lending and other transactions

amended 1 time (opens in a new tab)

s.333 Company ceasing to be UK resident

amended 1 time (opens in a new tab)

s.334 Non-UK resident company ceasing to hold loan relationship for section 333(2) purposes

amended 3 times (opens in a new tab)

s.336 Transfers of loans on group transactions

amended 3 times (opens in a new tab)

s.337 Transfers of loans on insurance business transfers

amended 5 times (opens in a new tab)

s.340 Group transfers and transfers of insurance business: transfer at notional carrying value

amended 3 times (opens in a new tab)

s.342 Issues of new securities on reorganisations: disposal at notional carrying value

amended 2 times (opens in a new tab)

s.345 Transferee leaving group otherwise than because of exempt distribution

amended 4 times (opens in a new tab)

s.346 Transferee leaving group because of exempt distribution

amended 3 times (opens in a new tab)

s.347 Disapplication of Chapter where transferor party to avoidance

amended 1 time (opens in a new tab)

s.349 Application of amortised cost basis to connected companies relationships

amended 4 times (opens in a new tab)

s.350 Companies beginning to be connected

amended 1 time (opens in a new tab)

s.351 Companies ceasing to be connected

amended 1 time (opens in a new tab)

s.353 Introduction to Chapter

amended 3 times (opens in a new tab)

s.354 Exclusion of debits for impaired or released connected companies debts

amended 1 time (opens in a new tab)

s.358 Exclusion of credits on release of connected companies debts: general

amended 7 times (opens in a new tab)

s.359 Exclusion of credits on release of connected companies debts during creditor's insolvency

amended 2 times (opens in a new tab)

s.361 Acquisition of creditor rights by connected company at undervalue

amended 5 times (opens in a new tab)

s.361 The corporate rescue exception

amended 5 times

s.361 The debt-for-debt exception

amended 5 times

s.361 The equity-for-debt exception

amended 5 times

s.361 Corporate rescue: debt released shortly after acquisition

amended 5 times

s.362 Parties becoming connected where creditor's rights subject to impairment adjustment etc

amended 9 times (opens in a new tab)

s.362 Corporate rescue: debt released shortly after connection arises

amended 9 times

s.363 Companies connected for sections 361 to 362A

amended 5 times (opens in a new tab)

s.363 Arrangements for avoiding section 361 or 362

amended 5 times

s.364 Introduction to Chapter

amended 3 times (opens in a new tab)

s.371 Interpretation

amended 8 times (opens in a new tab)

s.372 Introduction to Chapter

amended 3 times (opens in a new tab)

s.373 Late interest treated as not accruing until paid in some cases

amended 2 times (opens in a new tab)

s.374 Connection between debtor and person standing in position of creditor

amended 7 times (opens in a new tab)

s.375 Loans to close companies by participators etc

amended 5 times (opens in a new tab)

s.376 Interpretation of section 375

amended 8 times (opens in a new tab)

s.377 Party to loan relationship having major interest in other party

amended 7 times (opens in a new tab)

s.379 Persons indirectly standing in the position of creditor

amended 1 time (opens in a new tab)

s.383 Lending between partners and the partnership

amended 2 times (opens in a new tab)

s.384 Treatment of exchange gains and losses

amended 1 time (opens in a new tab)

s.386 Overview of Chapter

amended 5 times (opens in a new tab)

s.387 Treatment of deficit on basic life assurance and general annuity business: introduction

amended 2 times (opens in a new tab)

s.388 Basic rule: deficit set off against income and gains of deficit period

amended 1 time (opens in a new tab)

s.389 Claim to carry back deficit

amended 1 time (opens in a new tab)

s.390 Meaning of “available profits”

amended 8 times (opens in a new tab)

s.391 Carry forward of surplus deficit to next accounting period

amended 1 time (opens in a new tab)

s.393 General rules for some debtor relationships

amended 1 time (opens in a new tab)

s.394 Special rules for some debtor relationships

amended 1 time (opens in a new tab)

s.398 Overview of Chapter

amended 4 times (opens in a new tab)

s.399 Basic rules

amended 4 times (opens in a new tab)

s.400 Adjustments for changes in index

amended 8 times (opens in a new tab)

s.400 Adjustments for changes in index: relevant hedging schemes

amended 8 times

s.400 Interpretation of section 400A: economic profits and losses

amended 8 times

s.400 Meaning of “associated with”

amended 8 times

s.406 Introduction

amended 4 times (opens in a new tab)

s.407 Postponement until redemption of debits for connected companies' deeply discounted securities

amended 7 times (opens in a new tab)

s.408 Companies connected for section 407

amended 1 time (opens in a new tab)

s.409 Postponement until redemption of debits for close companies' deeply discounted securities

amended 3 times (opens in a new tab)

s.410 Exceptions to section 409

amended 8 times (opens in a new tab)

s.411 Interpretation of section 409

amended 2 times (opens in a new tab)

s.413 Issue of funding bonds

amended 1 time (opens in a new tab)

s.415 Loan relationships with embedded derivatives

amended 2 times (opens in a new tab)

s.416 Election for application of sections 415 and 585

amended 2 times (opens in a new tab)

s.418 Loan relationships involving connected debtor and creditor where debits exceed credits

amended 5 times (opens in a new tab)

s.418 Cases involving host contract

amended 5 times

s.419 Section 418: supplementary

amended 2 times (opens in a new tab)

s.421 Introduction to Chapter

amended 5 times (opens in a new tab)

s.422 Transfer of loan relationship at notional carrying value

amended 2 times (opens in a new tab)

s.424 Reorganisations involving loan relationships

amended 2 times (opens in a new tab)

s.427 Procedure on application for clearance

amended 4 times (opens in a new tab)

s.428 Decision on application for clearance Regulated

Other duties (1) — Crown / regulator

HMRC must decide on tax clearance applications within 30 daysStatutory regulator

amended 4 times (opens in a new tab)

s.429 Disapplication of Chapter where transparent entities involved

amended 2 times (opens in a new tab)

s.430 Interpretation

amended 3 times (opens in a new tab)

s.431 Introduction to Chapter

amended 8 times (opens in a new tab)

s.433 Transfer of loan relationship at notional carrying value

amended 2 times (opens in a new tab)

s.435 Reorganisations involving loan relationships

amended 2 times (opens in a new tab)

s.438 Disapplication of Chapter where transparent entities involved

amended 1 time (opens in a new tab)

s.439 Interpretation

amended 4 times (opens in a new tab)

s.440 Overview of Chapter

amended 7 times (opens in a new tab)

s.441 Loan relationships for unallowable purposes

amended 3 times (opens in a new tab)

s.442 Meaning of “unallowable purpose”

amended 1 time (opens in a new tab)

s.443 Restriction of relief for interest where tax relief schemes involved

amended 3 times (opens in a new tab)

s.444 Transactions not at arm's length: general

amended 2 times (opens in a new tab)

s.445 Disapplication of section 444 where Part 4 of TIOPA 2010 applies

amended 16 times (opens in a new tab)

s.446 Bringing into account adjustments made under Part 4 of TIOPA 2010

amended 6 times (opens in a new tab)

s.446 Non-market loans

amended 6 times

s.447 Exchange gains and losses on debtor relationships: loans disregarded under Part 4 of TIOPA 2010

amended 6 times (opens in a new tab)

s.448 Exchange gains and losses on debtor relationships: equity notes where holder associated with issuer

amended 2 times (opens in a new tab)

s.449 Exchange gains and losses on creditor relationships: no corresponding debtor relationship

amended 1 time (opens in a new tab)

s.450 Meaning of “corresponding debtor relationship”

amended 2 times (opens in a new tab)

s.451 Exception to section 449 where loan exceeds arm's length amount

amended 1 time (opens in a new tab)

s.452 Exchange gains and losses where loan not on arm's length terms

amended 21 times (opens in a new tab)

s.453 Connected parties deriving benefit from creditor relationships

amended 1 time (opens in a new tab)

s.454 Application of fair value accounting: reset bonds etc

amended 1 time (opens in a new tab)

s.455 Disposals for consideration not fully recognised by accounting practice

amended 2 times (opens in a new tab)

s.455 Debits arising from derecognition of creditor relationships

amended 2 times

s.455 Counteracting effect of avoidance arrangements

amended 2 times

s.455 Interpretation of section 455B

amended 2 times

s.455 Examples of results that may indicate exclusion not applicable

amended 2 times

s.456 Introduction to Chapter

amended 2 times (opens in a new tab)

s.457 Basic rule for deficits: carry forward to accounting periods after deficit period

amended 4 times (opens in a new tab)

s.459 Claim to set off deficit against profits of deficit period or earlier periods

amended 2 times (opens in a new tab)

s.461 Claim to set off deficit against other profits for the deficit period

amended 2 times (opens in a new tab)

s.463 Profits available for relief under section 462

amended 3 times (opens in a new tab)

s.463 Introduction to Chapter

amended 3 times

s.463 Claim to set off deficit against profits of deficit period or earlier periods

amended 3 times

s.463 Time limits for claims under section 463B(1)

amended 3 times

s.463 Claim to set off deficit against profits for the deficit period

amended 3 times

s.463 Claim to carry back deficit to earlier periods

amended 3 times

s.463 Profits available for relief under section 463E

amended 3 times

s.463 Carry forward of unrelieved deficit against total profits

amended 3 times

s.463 Carry forward of unrelieved deficit against non-trading profits

amended 3 times

s.463 Re-application of section 463G if any deficit remains after previous application

amended 3 times

s.464 Priority of this Part for corporation tax purposes

amended 13 times (opens in a new tab)

s.465 Exclusion of distributions except in tax avoidance cases

amended 10 times (opens in a new tab)

s.465 Power to make regulations where accounting standards change

amended 10 times

s.465 “Tax-adjusted carrying value”

amended 10 times

s.466 Companies connected for an accounting period

amended 2 times (opens in a new tab)

s.471 Creditors who are insurance companies carrying on BLAGAB

amended 1 time (opens in a new tab)

s.472 Meaning of “control”

amended 2 times (opens in a new tab)

s.473 Meaning of “major interest”

amended 5 times (opens in a new tab)

s.474 Treatment of connected companies and partnerships for section 473

amended 4 times (opens in a new tab)

s.475 Meaning of expressions relating to exchange gains and losses

amended 1 time (opens in a new tab)

s.475 “Hedging relationship”

amended 1 time

s.475 Meaning of “matched”

amended 1 time

s.475 Meaning of “hybrid capital instrument”

amended 1 time

s.476 Other definitions

amended 8 times (opens in a new tab)

71 other sections in this Part — procedural and definitional

s.292 Overview of Part

s.293 Construction of references to profits or losses from loan relationships

s.294 Matters treated as loan relationships

s.295 General rule: profits arising from loan relationships chargeable as income

s.296 Profits and deficits to be calculated using credits and debits given by this Part

s.299 Charge to tax on non-trading profits

s.303 “Money debt”

s.304 “Related transaction”

s.305 Payments, interest, rights and liabilities under a loan relationship

s.309 Companies without GAAP-compliant accounts

s.314 Power to make regulations about changes from amortised cost basis

s.319 General power to make regulations about changes in accounting policy

s.325 Restriction on credits resulting from reversal of disallowed debits

s.327 Disallowance of imported losses etc

s.330 Debits in respect of pre-trading expenditure

s.330 Exclusion of debit where relief allowed to another

s.330 Avoidance of double charge

s.330 Debits referable to times before UK property business etc carried on

s.335 Introduction to Chapter

s.338 Meaning of company replacing another as party to loan relationship

s.339 Issues of new securities on certain cross-border reorganisations

s.341 Transferor using fair value accounting

s.343 Receiving company using fair value accounting

s.344 Introduction

s.348 Introduction: meaning of “connected companies relationship”

s.352 Disregard of related transactions

s.352 Exclusion of credits on reversal of disregarded loss

s.352 Eliminating tax mismatch for loan relationships with qualifying link

s.355 Cessation of connection

s.356 Exception to section 354: swapping debt for equity

s.357 Exception to section 354: insolvent creditors

s.360 Exclusion of credits on reversal of impairments of connected companies debts

s.365 Reduction of impairment loss debits where group relief claimed

s.366 Effect where credit for release brought into account on amortised cost basis

s.367 Reduction of credits exceeding impairment losses

s.368 Reduction of claims where there are earlier net consortium debits

s.369 Carry forward of claims where there are no net consortium debits

s.370 Group accounting periods

s.378 Loans by trustees of occupational pension schemes

s.380 Partnerships involving companies

s.381 Determinations of credits and debits by company partners: general

s.382 Company partners using fair value accounting

s.385 Company partners' shares where firm owns deeply discounted securities

s.392 Exclusion of loan relationships of members of Lloyd's

s.395 Investment trusts: profits or losses of a capital nature

s.396 Venture capital trusts: profits or losses of a capital nature

s.397 Credit unions

s.401 Gilt strips

s.402 Market value of securities

s.403 Meaning of “strip”

s.404 Restriction on deductions etc relating to FOTRA securities

s.405 Certain non-UK residents with interest on 3½% War Loan 1952 Or After

s.412 Persons indirectly standing in the position of creditor

s.414 Redemption of funding bonds

s.417 Further provisions about elections under section 416

s.420 Assumptions where options etc apply

s.420 Amounts payable in respect of hybrid capital instruments

s.423 Transferor using fair value accounting

s.425 Original holder using fair value accounting

s.426 Tax avoidance etc

s.432 Meaning of “the transferee” and “transferor”

s.434 Transferor using fair value accounting

s.436 Original holder using fair value accounting

s.437 Tax avoidance etc

s.458 Claim to carry forward deficit to later accounting periods

s.460 Time limits and procedure for claims under section 459(1)

s.462 Claim to carry back deficit to earlier accounting periods

s.467 Connections where partnerships are involved

s.468 Connection between companies to be ignored in some circumstances

s.469 Creditors who are financial traders

s.470 Section 469: supplementary provisions

Part 6

Relationships treated as loan relationships etc

58 of 108 sections shown

s.477 Overview of Part

amended 3 times (opens in a new tab)

s.479 Relevant non-lending relationships not involving discounts

amended 5 times (opens in a new tab)

s.480 Relevant non-lending relationships involving discounts

amended 3 times (opens in a new tab)

s.481 Application of Part 5 to relevant non-lending relationships

amended 5 times (opens in a new tab)

s.484 Provision not at arm's length: meaning of “interest” and “money debt”

amended 1 time (opens in a new tab)

s.486 Exclusion of exchange gains and losses in respect of tax debts etc

amended 2 times (opens in a new tab)

s.486 Overview

amended 2 times

s.486 Disguised interest to be regarded as profit from loan relationship

amended 2 times

s.486 Exclusion where return otherwise taxable

amended 2 times

s.486 Exclusion where arrangement has no tax avoidance purpose

amended 2 times

s.486 Excluded shares

amended 2 times

s.486 Introduction to Chapter

amended 2 times

s.486 Consideration to be treated as loan relationship

amended 2 times

s.488 Meaning of “open-ended investment company” etc

amended 3 times (opens in a new tab)

s.489 Meaning of “offshore fund” etc

amended 3 times (opens in a new tab)

s.490 Holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights

amended 8 times (opens in a new tab)

s.492 Holding coming within section 490: calculation to undo avoidance Regulated

Adjust corporation tax to counteract tax avoidance from fund holdingsTrader

amended 1 time (opens in a new tab)

s.493 The qualifying investments test

amended 3 times (opens in a new tab)

s.495 Qualifying holdings

amended 4 times (opens in a new tab)

s.498 Building society dividends and interest

amended 1 time (opens in a new tab)

s.499 Registered society payments treated as interest under loan relationship

amended 1 time (opens in a new tab)

s.501 Introduction to Chapter

amended 2 times (opens in a new tab)

s.502 Meaning of “financial institution”

amended 9 times (opens in a new tab)

s.503 Purchase and resale arrangements

amended 4 times (opens in a new tab)

s.504 Diminishing shared ownership arrangements : initial acquisition

amended 10 times (opens in a new tab)

s.504 Diminishing shared ownership arrangements: refinancing

amended 10 times

s.506 Profit share agency arrangements

amended 2 times (opens in a new tab)

s.507 Investment bond arrangements

amended 11 times (opens in a new tab)

s.508 Provision not at arm's length: exclusion of arrangements from sections 503 to 507

amended 3 times (opens in a new tab)

s.510 Application of Part 5 to particular alternative finance arrangements

amended 6 times (opens in a new tab)

s.512 Diminishing shared ownership arrangements

amended 7 times (opens in a new tab)

s.514 Exclusion of alternative finance return from consideration for sale of assets

amended 2 times (opens in a new tab)

s.515 Diminishing shared ownership arrangements : further provision

amended 1 time (opens in a new tab)

s.515 Diminishing shared ownership arrangements: further provision in respect of refinancing

amended 1 time

s.518 Investment bond arrangements: treatment as securities

amended 3 times (opens in a new tab)

s.519 Investment bond arrangements: other provisions

amended 6 times (opens in a new tab)

s.520 Provision not at arm's length: non-deductibility of relevant return

amended 1 time (opens in a new tab)

s.521 Power to extend this Chapter to other arrangements

amended 1 time (opens in a new tab)

s.521 Introduction to Chapter

amended 1 time

s.521 Application of Part 5 to certain shares as rights under creditor relationship

amended 1 time

s.521 Shares accounted for as liabilities

amended 1 time

s.521 Excepted shares

amended 1 time

s.521 Unallowable purpose

amended 1 time

s.521 Shares becoming or ceasing to be shares to which section 521B applies

amended 1 time

s.539 Introduction to Chapter

amended 2 times (opens in a new tab)

s.540 Manufactured interest treated as interest under loan relationship

amended 4 times (opens in a new tab)

s.541 Debits for deemed interest under stock lending arrangements disallowed

amended 5 times (opens in a new tab)

s.542 Introduction to Chapter

amended 1 time (opens in a new tab)

s.547 Repo under arrangement designed to produce quasi-interest: tax avoidance

amended 1 time (opens in a new tab)

s.548 Meaning of debtor repo

amended 1 time (opens in a new tab)

s.549 Meaning of debtor quasi-repo

amended 2 times (opens in a new tab)

s.550 Ignoring effect on borrower of sale of securities

amended 5 times (opens in a new tab)

s.556 Meaning of securities and similar securities

amended 8 times (opens in a new tab)

s.560 Introduction to Chapter

amended 2 times (opens in a new tab)

s.561 Meaning of “investment life insurance contract”

amended 1 time (opens in a new tab)

s.563 Increased non-trading credits for BLAGAB and EEA taxed contracts

amended 1 time (opens in a new tab)

s.564 Section 563: interpretation

amended 1 time (opens in a new tab)

s.566 Introduction

amended 3 times (opens in a new tab)

50 other sections in this Part — procedural and definitional

s.478 Relevant non-lending relationships: introduction

s.482 Miscellaneous rules about amounts to be brought into account because of this Chapter

s.483 Exchange gains and losses: amounts treated as money debts

s.485 Exclusion of debts where profits or losses within Part 7 or 8

s.487 Overview of Chapter

s.491 Holding coming within section 490: opening valuations

s.494 Meaning of “qualifying investments”

s.496 Meaning of “hedging relationship”

s.497 Power to change investments that are qualifying investments

s.500 Exclusion of interest where failure to make return

s.505 Deposit arrangements

s.509 Application of Part 5: general

s.511 Purchase and resale arrangements

s.513 Other arrangements

s.516 Treatment of principal under profit sharing agency arrangements

s.517 Treatment of bond-holder under investment bond arrangements

s.522 Introduction to Chapter

s.523 Application of Part 5 to certain shares as rights under creditor relationship

s.524 Shares subject to outstanding third party obligations

s.525 Meaning of “interest-like investment”

s.526 Non-qualifying shares

s.527 The increasing value condition

s.528 Regulations about income-producing assets

s.529 The redemption return condition

s.530 The redemption return condition: excepted shares

s.531 The redemption return condition: unallowable purposes

s.532 The associated transactions condition

s.533 Power to change conditions for non-qualifying shares

s.534 Amounts to be brought into account where section 523 applies

s.535 Shares ceasing to be shares to which section 523 applies

s.536 Introduction to Chapter

s.537 Payments in return for capital contribution to partnership

s.538 Change of partnership shares

s.543 Meaning of creditor repo

s.544 Meaning of creditor quasi-repo

s.545 Ignoring effect on lender etc of sale of securities

s.546 Charge on lender for finance return in respect of the advance

s.551 Relief for borrower for finance charges in respect of the advance

s.552 General provisions about arrangements

s.553 Persons buying or selling for others

s.554 Power to modify this Chapter

s.555 Cases where section 554 applies: non-standard repos

s.557 Meaning of person receiving an asset

s.558 Interpretation of accounting expressions

s.559 Minor definitions

s.562 Contract to be loan relationship

s.565 Relevant amount where the relevant company uses fair value accounting

s.567 Gains on deemed surrenders to be brought into account on related transactions

s.568 Restriction on credits on old contracts: fair value accounting cases

s.569 Restriction on debits on old contracts: non-fair value accounting cases

Part 7

Derivative contracts

79 of 163 sections shown

s.574 Non-trading credits and debits to be brought into account under Part 5

amended 2 times (opens in a new tab)

s.582 “Contract for differences”

amended 1 time (opens in a new tab)

s.585 Loan relationships with embedded derivatives

amended 2 times (opens in a new tab)

s.587 Contract relating to holding in OEIC, unit trust or offshore fund

amended 1 time (opens in a new tab)

s.591 Conditions A to E mentioned in section 589(5)

amended 3 times (opens in a new tab)

s.594 Overview of Chapter

amended 3 times (opens in a new tab)

s.594 Matters in respect of which amounts are to be brought into account

amended 3 times

s.595 General principles about the bringing into account of credits and debits

amended 3 times (opens in a new tab)

s.597 Amounts recognised in determining a company's profit or loss

amended 5 times (opens in a new tab)

s.604 Credits and debits treated as relating to capital expenditure

amended 3 times (opens in a new tab)

s.604 Amounts recognised in other comprehensive income and not transferred to profit or loss Regulated

Bring OCI amounts on derecognised derivative contracts into tax computationTrader

amended 3 times

s.605 Credits and debits recognised in equity

amended 1 time (opens in a new tab)

s.606 Exchange gains and losses

amended 15 times (opens in a new tab)

s.606 Arrangements that have a “one-way exchange effect”

amended 15 times

s.606 Meaning of “relevant exchange gain” and “relevant exchange loss”

amended 15 times

s.606 Meaning of “test day”

amended 15 times

s.606 Counterfactual currency movement assumptions

amended 15 times

s.606 Counterfactual currency movement assumptions: treatment of options

amended 15 times

s.606 Meaning of “option”

amended 15 times

s.606 Meaning of “relevant contingent contract” and “operative condition”

amended 15 times

s.606 Other interpretative provisions

amended 15 times

s.607 Pre-contract or abortive expenses

amended 2 times (opens in a new tab)

s.607 Company is not, or has ceased to be, party to derivative contract Regulated

Account for derivative contract credits and debits as if still a partyTrader

amended 2 times

s.607 Exclusion of debit where relief allowed to another

amended 2 times

s.607 Avoidance of double charge

amended 2 times

s.607 Debits referable to times before UK property business etc carried on

amended 2 times

s.608 Company ceasing to be party to derivative contract

amended 1 time (opens in a new tab)

s.609 Company ceasing to be UK resident

amended 1 time (opens in a new tab)

s.610 Non-UK resident company ceasing to hold derivative contract for section 609(2) purposes

amended 3 times (opens in a new tab)

s.612 Overview of Chapter

amended 1 time (opens in a new tab)

s.613 Introduction to sections 614 and 615

amended 3 times (opens in a new tab)

s.614 Change of basis of accounting involving change of value

amended 1 time (opens in a new tab)

s.615 Change of accounting policy after ceasing to be party to derivative contract

amended 6 times (opens in a new tab)

s.622 Contracts ceasing to be derivative contracts

amended 1 time (opens in a new tab)

s.625 Group member replacing another as party to derivative contract

amended 6 times (opens in a new tab)

s.628 Transferor using fair value accounting

amended 3 times (opens in a new tab)

s.629 Tax avoidance

amended 2 times (opens in a new tab)

s.631 Transferee leaving group otherwise than because of exempt distribution

amended 6 times (opens in a new tab)

s.632 Transferee leaving group because of exempt distribution

amended 5 times (opens in a new tab)

s.634 Insurance companies

amended 3 times (opens in a new tab)

s.635 Creditor relationships: embedded derivatives which are options

amended 2 times (opens in a new tab)

s.636 Modifications of Chapter 5

amended 6 times (opens in a new tab)

s.637 Investment trusts: profits or losses of a capital nature Regulated

Exclude capital profits/losses from derivative contracts from Part 5 tax treatmentAny Person

s.643 Contracts relating to land or certain tangible movable property

amended 2 times (opens in a new tab)

s.650 Property based total return swaps

amended 3 times (opens in a new tab)

s.653 Shares issued or transferred as a result of exercise of deemed option

amended 1 time (opens in a new tab)

s.654 Payment instead of disposal on exercise of deemed option

amended 1 time (opens in a new tab)

s.658 Chargeable gain or allowable loss treated as accruing

amended 1 time (opens in a new tab)

s.659 Meaning of “relevant credits” and “relevant debits”

amended 1 time (opens in a new tab)

s.660 Contract relating to holding in OEIC, unit trust or offshore fund Regulated

Report deemed gain/loss on change in treatment of certain holdingsTrader

s.666 Allowable loss treated as accruing

amended 1 time (opens in a new tab)

s.671 Meaning of G, L and CV in section 670

amended 1 time (opens in a new tab)

s.673 Meaning of G, L and CV in section 672

amended 1 time (opens in a new tab)

s.674 Introduction to Chapter

amended 6 times (opens in a new tab)

s.675 Transfer of derivative contract at notional carrying value

amended 1 time (opens in a new tab)

s.680 Disapplication of Chapter where transparent entities involved

amended 1 time (opens in a new tab)

s.681 Interpretation

amended 3 times (opens in a new tab)

s.682 Introduction to Chapter

amended 6 times (opens in a new tab)

s.684 Transfer of derivative contract at notional carrying value

amended 1 time (opens in a new tab)

s.687 Disapplication of Chapter where transparent entities involved

amended 1 time (opens in a new tab)

s.688 Interpretation

amended 4 times (opens in a new tab)

s.689 Overview of Chapter

amended 4 times (opens in a new tab)

s.690 Derivative contracts for unallowable purposes

amended 5 times (opens in a new tab)

s.691 Meaning of “unallowable purpose”

amended 2 times (opens in a new tab)

s.692 Allowance of accumulated net losses

amended 2 times (opens in a new tab)

s.693 Bringing into account adjustments under Part 4 of TIOPA 2010

amended 5 times (opens in a new tab)

s.694 Exchange gains and losses

amended 7 times (opens in a new tab)

s.695 Transfers of value to connected companies

amended 1 time (opens in a new tab)

s.695 Disguised distribution arrangements involving derivative contracts

amended 1 time

s.697 Exceptions to section 696

amended 10 times (opens in a new tab)

s.698 Disposals for consideration not fully recognised by accounting practice

amended 2 times (opens in a new tab)

s.698 Debits arising from derecognition of derivative contracts

amended 2 times

s.698 Counteracting effect of avoidance arrangements

amended 2 times

s.698 Interpretation of section 698B

amended 2 times

s.698 Examples of results that may indicate exclusion not applicable

amended 2 times

s.699 Priority of this Part for corporation tax purposes

amended 2 times (opens in a new tab)

s.702 “Tax-adjusted carrying value”

amended 3 times (opens in a new tab)

s.705 Expressions relating to exchange gains and losses

amended 1 time (opens in a new tab)

s.710 Other definitions

amended 8 times (opens in a new tab)

84 other sections in this Part — procedural and definitional

s.570 Overview of Part

s.571 General rule: profits chargeable as income

s.572 Profits and losses to be calculated using credits and debits given by this Part

s.573 Trading credits and debits to be brought into account under Part 3

s.575 Overview of Chapter

s.576 “Derivative contract”

s.577 “Relevant contract”

s.578 Relevant contracts of a company and being party to such contracts

s.579 The accounting conditions

s.580 “Option”

s.581 “Future”

s.583 “Underlying subject matter”

s.584 Hybrid derivatives with embedded derivatives

s.586 Other contracts with embedded derivatives

s.588 Associated transaction treated as derivative contract

s.589 Contracts excluded because of underlying subject matter: general

s.590 Disregard of subordinate or small value underlying subject matter

s.592 Embedded derivatives treated as meeting condition in section 591 etc

s.593 Contracts where part of underlying subject matter is excluded property

s.596 Meaning of “related transaction”

s.598 Regulations about recognised amounts

s.599 Meaning of “amounts recognised for accounting purposes”

s.599 Amounts not fully recognised for accounting purposes: introduction

s.599 Determination of credits and debits where amounts not fully recognised

s.600 Contract which is or forms part of financial asset or liability

s.601 Contract relating to holding in OEIC, unit trust or offshore fund

s.602 Contract becoming one relating to holding in OEIC, unit trust or offshore fund

s.603 Associated transaction treated as derivative contract

s.611 Release under statutory insolvency arrangement of liability under derivative contract

s.616 Disapplication of fair value accounting

s.617 Election for section 616 not to apply

s.618 Elections under section 617: groups of companies

s.619 Partnerships involving companies

s.620 Determination of credits and debits by company partners

s.621 Company partners using fair value accounting

s.623 Index-linked gilt-edged securities with embedded contracts for differences

s.624 Introduction to Chapter

s.626 Transactions to which section 625 applies

s.627 Meaning of company replacing another as party to derivative contract

s.630 Introduction to sections 631 and 632

s.633 Mutual trading companies

s.638 Venture capital trusts: profits or losses of a capital nature

s.639 Overview of Chapter

s.640 Credits and debits not to be brought into account under Part 5

s.641 Derivative contracts to be taxed on a chargeable gains basis

s.642 Exception from section 641

s.644 Income to be left out of account in determining whether section 643 applies

s.645 Creditor relationships: embedded derivatives which are options

s.646 Exclusions from section 645

s.647 Meaning of certain expressions in section 645

s.648 Creditor relationships: embedded derivatives which are exactly tracking contracts for differences

s.649 Meaning of certain expressions in section 648

s.651 Credits and debits not to be brought into account under Part 3 or Part 5

s.652 Introduction to sections 653 to 655

s.655 Ceasing to be party to debtor relationship when deemed option not exercised

s.656 Introduction to section 658

s.657 Meaning of “exactly tracking contract” in section 656

s.661 Contract which becomes derivative contract

s.662 Contracts ceasing to be derivative contracts

s.663 Contracts to which section 641 applies

s.664 Meaning of certain expressions in section 663

s.665 Introduction to section 666

s.667 Shares acquired on exercise of non-embedded option

s.668 Shares acquired on running of future to delivery

s.669 Meaning of G and L in sections 667 and 668

s.670 Treatment of net gains and losses on exercise of option

s.672 Treatment of net gains and losses on disposal of certain embedded derivatives

s.676 Transferor using fair value accounting

s.677 Tax avoidance etc

s.678 Procedure on application for clearance

s.679 Decision on application for clearance

s.683 Meaning of “the transferee” and “transferor”

s.685 Transferor using fair value accounting

s.686 Tax avoidance etc

s.696 Derivative contracts with non-UK residents

s.700 Relationship of this Part to Part 5: loan relationships

s.701 Power to amend some provisions

s.701 Power to make regulations where accounting standards change

s.703 “Chargeable asset”

s.704 “Creditor relationship” and “debtor relationship”

s.706 “Excluded body”

s.707 “Hedging relationship”

s.708 “Plain vanilla contract”

s.709 “Securities house”

Part 8

Intangible fixed assets

95 of 240 sections shown

s.711 Overview of Part

amended 3 times (opens in a new tab)

s.712 “Intangible asset”

amended 3 times (opens in a new tab)

s.715 Application of this Part to goodwill

amended 4 times (opens in a new tab)

s.721 Receipts recognised as they accrue Regulated

Bring tax credit for accounting gains on intangible fixed assetsTrader

amended 1 time (opens in a new tab)

s.724 Negative goodwill Regulated

Account for tax on negative goodwill from business acquisitionsTrader

s.728 Expenditure written off as it is incurred

amended 1 time (opens in a new tab)

s.729 Writing down on accounting basis

amended 1 time (opens in a new tab)

s.731 Writing down at fixed rate: calculation Regulated

Calculate tax deductions for intangible assets using the fixed-rate methodTrader

amended 1 time (opens in a new tab)

s.736 Asset shown in balance sheet and not written down for tax purposes

amended 1 time (opens in a new tab)

s.739 Meaning of “proceeds of realisation”

amended 5 times (opens in a new tab)

s.740 Abortive expenditure on realisation

amended 1 time (opens in a new tab)

s.742 Asset written down on accounting basis

amended 1 time (opens in a new tab)

s.743 Asset written down at fixed rate

amended 1 time (opens in a new tab)

s.746 “Non-trading credits” and “non-trading debits”

amended 6 times (opens in a new tab)

s.748 Assets held for purposes of property business

amended 3 times (opens in a new tab)

s.753 Treatment of non-trading losses

amended 6 times (opens in a new tab)

s.756 Conditions relating to expenditure on other assets Regulated

Capitalise expenditure on replacement assets within time limits set by HMRCTrader

s.768 Company cannot be member of more than one group

amended 1 time (opens in a new tab)

s.772 Equity holders and profits or assets available for distribution

amended 3 times (opens in a new tab)

s.773 Supplementary provisions

amended 1 time (opens in a new tab)

s.775 Transfers within a group

amended 4 times (opens in a new tab)

s.777 Relief on realisation and reinvestment: application to group member

amended 1 time (opens in a new tab)

s.780 Deemed realisation and reacquisition at market value Regulated

Account for tax if group member leaves within 6 years of asset transferTrader

amended 5 times (opens in a new tab)

s.782 Certain transferees of businesses etc not treated as leaving group

amended 2 times (opens in a new tab)

s.782 Company leaving group because of relevant share disposal

amended 2 times

s.784 Groups with a relevant connection

amended 1 time (opens in a new tab)

s.785 Principal company becoming member of another group Regulated

Adjust tax computations when degrouping charge is triggered by ceasing to be a relevant subsidiaryTrader

amended 3 times (opens in a new tab)

s.787 Company ceasing to be member of group because of exempt distribution

amended 2 times (opens in a new tab)

s.788 Provisions supplementing sections 780 to 787

amended 1 time (opens in a new tab)

s.792 Reallocation of charge within group

amended 4 times (opens in a new tab)

s.793 Further requirements about elections under section 792

amended 6 times (opens in a new tab)

s.793 Effect of election under section 792

amended 6 times

s.795 Recovery of charge from another group company or controlling director

amended 1 time (opens in a new tab)

s.796 Interpretation of section 795

amended 2 times (opens in a new tab)

s.800 Introduction

amended 3 times (opens in a new tab)

s.803 Non-commercial purposes etc

amended 1 time (opens in a new tab)

s.806 Financial assets

amended 1 time (opens in a new tab)

s.809 Oil licences

amended 3 times (opens in a new tab)

s.810 Mutual trade or business

amended 1 time (opens in a new tab)

s.812 Master versions of films

amended 1 time (opens in a new tab)

s.814 Research and development

amended 1 time (opens in a new tab)

s.815 Election to exclude capital expenditure on software

amended 1 time (opens in a new tab)

s.818 Company reconstruction involving transfer of business

amended 1 time (opens in a new tab)

s.819 European cross-border transfers of business: introduction

amended 8 times (opens in a new tab)

s.820 Transfer of assets on European cross-border transfer of business

amended 3 times (opens in a new tab)

s.821 European cross-border mergers: introduction

amended 3 times (opens in a new tab)

s.823 Interpretation of sections 821 and 822

amended 3 times (opens in a new tab)

s.826 Amalgamation of, or transfer of engagements by, certain societies

amended 1 time (opens in a new tab)

s.827 Claims to postpone charge on transfer

amended 2 times (opens in a new tab)

s.841 “Participator” and “associate”

amended 3 times (opens in a new tab)

s.844 Overview of Chapter

amended 4 times (opens in a new tab)

s.845 Transfer between company and related party treated as at market value

amended 7 times (opens in a new tab)

s.846 Transfers where provision subject to transfer pricing but section 147(3) or (5) does not apply

amended 8 times (opens in a new tab)

s.847 Transfers involving other taxes

amended 1 time (opens in a new tab)

s.855 Further provision about regulations under section 854

amended 1 time (opens in a new tab)

s.857 Deemed market value or arm’s length acquisition: adjustment where nil or negligible accounting value

amended 3 times (opens in a new tab)

s.858 Fungible assets

amended 2 times (opens in a new tab)

s.859 Asset ceasing to be chargeable intangible asset: deemed realisation at market value

amended 1 time (opens in a new tab)

s.863 Asset becoming chargeable intangible asset

amended 2 times (opens in a new tab)

s.863 Asset becoming chargeable intangible asset: EU exit charge

amended 2 times

s.865 Debits for expenditure not generally deductible for tax purposes

amended 1 time (opens in a new tab)

s.870 Assumptions for calculating chargeable profits

amended 2 times (opens in a new tab)

s.870 Claims for relief made under sections 152 and 153 of TCGA 1992

amended 2 times

s.872 Adjustments in respect of change Regulated

Adjust tax for change in accounting policy on intangible assetsTrader

s.874 Original asset not subject to fixed-rate writing down Regulated

Adjust tax accounts when an intangible asset splits due to accounting changeTrader

s.882 Application of this Part to assets created or acquired on or after 1 April 2002

amended 3 times (opens in a new tab)

s.883 Assets treated as created or acquired when expenditure incurred

amended 7 times (opens in a new tab)

s.885 Assets representing non-qualifying expenditure: time of creation

amended 2 times (opens in a new tab)

s.890 Fungible assets: application of section 858

amended 1 time (opens in a new tab)

s.891 Realisation and acquisition of fungible assets

amended 1 time (opens in a new tab)

s.892 Certain assets acquired on transfer of business or transfer within a group

amended 3 times (opens in a new tab)

s.893 Assets whose value derives from pre-FA 2002 assets

amended 1 time (opens in a new tab)

s.894 The preserved status conditions etc

amended 1 time (opens in a new tab)

s.895 Assets acquired in connection with disposals of pre-FA 2002 assets

amended 2 times (opens in a new tab)

s.900 Meaning of “chargeable asset within TCGA” in sections 898 and 899

amended 1 time (opens in a new tab)

s.900 Introduction

amended 1 time

s.900 When an intangible fixed asset is a restricted asset: the first case

amended 1 time

s.900 When an intangible fixed asset is a restricted asset: the second case

amended 1 time

s.900 When an intangible fixed asset is a restricted asset: the third case

amended 1 time

s.900 Special rule: section 900B case

amended 1 time

s.900 Special rule: section 900C or 900D case

amended 1 time

s.900 Meaning of “relieving acquisition”

amended 1 time

s.900 Supplementary provision about when two persons are related

amended 1 time

s.900 Acquisition of asset in pursuance of an unconditional obligation

amended 1 time

s.900 Fungible assets: general

amended 1 time

s.900 Fungible assets: pre-FA 2002 assets and restricted assets

amended 1 time

s.900 Realisation of fungible assets: pre-FA 2002 assets and restricted assets

amended 1 time

s.900 Acquisition of fungible assets: pre-FA 2002 assets and restricted assets

amended 1 time

s.900 Debits in respect of a single asset comprising restricted assets

amended 1 time

s.900 Interpretation

amended 1 time

s.901 Effect of application of the I - E basis: non-trading amounts

amended 1 time (opens in a new tab)

s.902 Excluded assets

amended 1 time (opens in a new tab)

s.903 Elections to exclude capital expenditure on computer software

amended 1 time (opens in a new tab)

s.904 Transfers of life assurance business: transfers of assets treated as tax-neutral

amended 1 time (opens in a new tab)

s.906 Priority of this Part for corporation tax purposes

amended 4 times (opens in a new tab)

145 other sections in this Part — procedural and definitional

s.713 “Intangible fixed asset”

s.714 “Royalty”

s.716 “Recognised” amounts and “GAAP-compliant accounts”

s.717 Companies without GAAP-compliant accounts

s.718 GAAP-compliant accounts: reference to consolidated group accounts

s.719 Accounting value

s.720 Introduction

s.722 Receipts in respect of royalties so far as not dealt with under section 721

s.723 Revaluation

s.725 Reversal of previous accounting loss

s.726 Introduction

s.727 References to expenditure on an asset

s.730 Writing down at fixed rate: election for fixed-rate basis

s.732 Reversal of previous accounting gain

s.733 Overview of Chapter

s.734 Meaning of “realisation”

s.735 Asset written down for tax purposes

s.737 Apportionment in case of part realisation

s.738 Asset not shown in balance sheet

s.738 Realisation of assets previously subject to Northern Ireland rate

s.741 Meaning of “chargeable intangible asset” and “chargeable realisation gain”

s.744 Effect of part realisation of asset

s.745 Introduction

s.747 Assets held for purposes of trade

s.749 Assets held for purposes of mines, transport undertakings, etc

s.750 Assets held for purposes falling within more than one section

s.751 Non-trading gains and losses

s.752 Charge to tax on non-trading gains on intangible fixed assets

s.754 The relief: the “old asset” and “other assets”

s.755 Conditions relating to the old asset and its realisation

s.757 Claim for relief

s.758 How the relief is given: general

s.759 Determination of appropriate proportion of cost and adjusted cost

s.760 References to cost of asset where asset affected by change of accounting policy

s.761 Declaration of provisional entitlement to relief

s.762 Realisation and reacquisition

s.763 Disregard of deemed realisations and reacquisitions

s.764 Meaning of “company”, “group” and “subsidiary”

s.765 General rule: a company and its 75% subsidiaries form a group

s.766 Only effective 51% subsidiaries of principal company to be members of group

s.767 Principal company cannot be 75% subsidiary of another company

s.769 Continuity of identity of group

s.770 Continuity where group includes an SE

s.771 Meaning of “effective 51% subsidiary”

s.774 Overview of Chapter

s.776 Meaning of “tax-neutral” transfer

s.778 Relief on reinvestment: acquisition of group company: introduction

s.779 Rules that apply to cases within section 778(1)

s.781 Character of credits and debits brought into account as a result of section 780

s.783 Certain associated companies leaving group at the same time

s.786 Character of credits and debits brought into account as a result of section 785

s.789 Merger carried out for genuine commercial reasons

s.790 Provisions supplementing section 789

s.791 Application of roll-over relief in relation to degrouping charge

s.794 Application of roll-over relief in relation to reallocated charge

s.797 Recovery under section 795: procedure etc

s.798 Recovery under section 795: time limit

s.799 Disregard of payments between group members for reliefs

s.801 Right to dispose of or acquire excluded asset also excluded

s.802 Effect of partial exclusion

s.804 Assets for which capital allowances previously made

s.805 Rights over tangible assets

s.807 Rights in companies, trusts etc

s.808 Assets representing expenditure on separate creative production trade

s.811 Sound recordings

s.813 Computer software treated as part of cost of related hardware

s.816 Further provision about elections under section 815

s.816 Restrictions on goodwill and certain other assets

s.817 Overview of Chapter

s.822 Transfer of assets on European cross-border merger

s.824 Transfer of business of building society to company

s.825 Application of sections 780 and 785 where transfer within section 824 occurs

s.828 Relief on transfer

s.829 Charge on subsequent realisations

s.830 Exclusion from section 829 of group transfers

s.831 The genuine commercial transaction requirement and clearance

s.832 Procedure on application for clearance

s.833 Decision on application for clearance

s.834 Overview of Chapter

s.835 “Related party”

s.836 “Control”

s.837 “Major interest”

s.838 General rule

s.839 Rights and powers held jointly

s.840 Partnerships

s.842 Introduction

s.843 Who are connected persons

s.848 Tax-neutral transfers

s.848 Assets held for purposes of exempt foreign permanent establishments

s.849 Transfers involving gifts of business assets

s.849 Disincorporation relief: transfer values for post-FA 2002 goodwill

s.849 Grant of licence or other right treated as at market value

s.849 Grants not at arm's length

s.849 Grants involving other taxes

s.849 Circumstances in which restrictions on debits in respect of goodwill etc apply

s.849 Restrictions in a case within section 849B(4) or (5)

s.849 Restrictions in a case within section 849B(6)

s.850 Part realisation involving related party acquisition: exclusion of roll-over relief

s.851 Delayed payment of royalty by company to related party

s.852 Treatment of grants and other contributions to expenditure

s.853 Grants to be left out of account for tax purposes

s.854 Finance leasing etc

s.856 Assets acquired or realised together

s.860 Asset ceasing to be chargeable intangible asset: postponement of gain

s.861 Treatment of postponed gain on subsequent realisation

s.862 Treatment of postponed gain in other cases

s.864 Tax avoidance arrangements to be ignored

s.866 Delayed payment of employees' remuneration

s.867 Provisions supplementing section 866

s.868 Delayed payment of pension contributions

s.869 Bad debts etc

s.871 Introduction to Chapter

s.873 Effect of application of section 872 in later period and subsequently

s.875 Effect of application of section 874 in later period and subsequently

s.876 Original asset subject to fixed-rate writing down

s.877 Election for fixed-rate writing down in relation to resulting asset

s.878 Exclusion of credits or debits brought into account under other provisions

s.879 Subsequent events affecting asset subject to adjustment under this Chapter

s.879 Introduction

s.879 Requirement to write down at a fixed rate

s.879 Restrictions on debits: pre-FA 2019 relevant assets

s.879 Pre-FA 2019 relevant asset: the first case

s.879 Pre-FA 2019 relevant asset: the second case

s.879 Pre-FA 2019 relevant asset: the third case

s.879 The preserved status condition etc

s.879 Pre-FA 2019 relevant asset: the fourth case

s.879 Restrictions on debits: no business or no qualifying IP assets acquired

s.879 Meaning of qualifying IP asset

s.879 Restrictions on debits: acquisition from individual or firm

s.879 Meaning of relevant business and third party acquisition

s.879 When the partial restrictions apply: qualifying IP assets

s.879 When the partial restrictions apply: acquisition from individual or firm

s.879 The partial restrictions on debits

s.879 Date of acquisition of relevant asset

s.880 Overview of Chapter

s.881 Meaning of “pre-FA 2002 assets”

s.886 Assets representing production expenditure on films: time of creation

s.887 General rule

s.888 Cases where chargeable gains rule applies

s.889 Cases where capital allowances general rule applies

s.896 Application to royalties

s.897 Application to pre-FA 2002 assets consisting of telecommunication rights

s.898 Relief where assets disposed of on or after 1 April 2002

s.899 Relief where degrouping charge on asset arises on or after 1 April 2002

s.905 Pre-FA 2002 assets: Lloyd's syndicate capacity

Part 9

Intellectual property: know-how and patents

0 of 25 sections shown

25 other sections in this Part — procedural and definitional

s.907 Overview of Part

s.908 Charge to tax on profits from disposals of know-how

s.909 Exceptions to charge under section 908

s.910 Profits charged under section 908

s.911 Overview of Chapter

s.912 Charge to tax on profits from sales of patent rights

s.913 Profits charged under section 912

s.914 UK resident companies: proceeds of sale not received in instalments

s.915 UK resident companies: proceeds of sale received in instalments

s.916 Non-UK resident companies: proceeds of sale not received in instalments

s.917 Non-UK resident companies: proceeds of sale received in instalments

s.918 Winding up of a body corporate

s.919 Deduction of tax from payments to non-UK resident companies

s.920 Adjustments where tax has been deducted

s.921 Licences connected with patents

s.922 Rights to acquire future patent rights

s.923 Sums paid for Crown use etc treated as paid under licence

s.924 Relief for expenses: patent income

s.925 How relief is given under section 924

s.926 Contributions to expenditure

s.927 Contributions not made by public bodies nor eligible for tax relief

s.928 Exchanges

s.929 Apportionment where property sold together

s.930 Questions about apportionments affecting two or more persons

s.931 Meaning of “capital sums” etc

Part 9

Company distributions

0 of 25 sections shown

25 other sections in this Part — procedural and definitional

s.931 Charge to tax on distributions received

s.931 Exemption from charge to tax

s.931 Meaning of “qualifying territory”

s.931 Further exemption where distribution received from CFC

s.931 Exemption from charge to tax

s.931 Distributions from controlled companies

s.931 Distributions in respect of non-redeemable ordinary shares

s.931 Distributions in respect of portfolio holdings

s.931 Distributions derived from transactions not designed to reduce tax

s.931 Dividends in respect of shares accounted for as liabilities

s.931 Schemes involving manipulation of controlled company rules

s.931 Schemes involving quasi-preference or quasi-redeemable shares

s.931 Schemes involving manipulation of portfolio holdings rule

s.931 Schemes in the nature of loan relationships

s.931 Schemes involving distributions for which deductions are given

s.931 Schemes involving payments for distributions

s.931 Schemes involving payments not on arm's length terms

s.931 Schemes involving diversion of trade income

s.931 Election that distribution should not be exempt

s.931 Chargeable gains

s.931 Meaning of “small company”

s.931 Meaning of “payer”, “recipient” and “relevant person”

s.931 Meaning of “ordinary share” and “redeemable”

s.931 Meaning of “scheme” and “tax advantage scheme”

s.931 Provisions which must be given priority over this Part

Part 10

Miscellaneous income

18 of 53 sections shown

s.932 Overview of Part

amended 2 times (opens in a new tab)

s.934 Charge to tax on estate income

amended 2 times (opens in a new tab)

s.936 Meaning of “UK estate” and “foreign estate”

amended 3 times (opens in a new tab)

s.941 UK estates

amended 2 times (opens in a new tab)

s.942 Foreign estates

amended 2 times (opens in a new tab)

s.946 Applicable rate for grossing up basic amounts of estate income

amended 1 time (opens in a new tab)

s.947 Aggregate income of the estate

amended 1 time (opens in a new tab)

s.951 Reduction in share of residuary income of estate

amended 1 time (opens in a new tab)

s.962 Income from which basic amounts are treated as paid

amended 4 times (opens in a new tab)

s.962 Income from which sums within section 951(1)(b) are treated as paid

amended 4 times

s.963 Income treated as bearing income tax

amended 8 times (opens in a new tab)

s.966 Power to obtain information from personal representatives and beneficiaries

amended 1 time (opens in a new tab)

s.968 Meaning of “personal representatives”

amended 1 time (opens in a new tab)

s.971 Overview of Chapter

amended 2 times (opens in a new tab)

s.974 Charge to tax under this Chapter

amended 4 times (opens in a new tab)

s.976 Overview of Chapter

amended 1 time (opens in a new tab)

s.978 Exemption for payments by persons liable to pool betting duty

amended 1 time (opens in a new tab)

s.982 Provisions which must be given priority over this Part

amended 4 times (opens in a new tab)

35 other sections in this Part — procedural and definitional

s.933 Charge to tax on dividends of non-UK resident companies

s.935 Absolute, limited and discretionary interests

s.937 Absolute interests in residue

s.938 Meaning of “the administration period”, “the final accounting period” and “the final tax year”

s.939 Limited interests in residue

s.940 Discretionary interests in residue

s.943 Absolute interests

s.944 Limited interests

s.945 Discretionary interests

s.948 Assumed income entitlement

s.949 Residuary income of the estate

s.950 Shares of residuary income of estate

s.952 Applicable rate for determining assumed income entitlement (UK estates)

s.953 Introduction

s.954 Successive absolute interests

s.955 Assumed income entitlement of holder of absolute interest following limited interest

s.956 Payments in respect of limited interests followed by absolute interests

s.957 Holders of limited interests

s.958 Basic amount of estate income: successive limited interests

s.959 Apportionments

s.960 Relief in respect of tax relating to absolute interests

s.961 Relief in respect of tax relating to limited or discretionary interests

s.961 Meaning of “the relevant tax year”

s.964 Transfers of assets etc treated as payments

s.965 Assessments, adjustments and claims after the administration period

s.967 Statements relating to estate income

s.969 Charge to tax on income from holding an office

s.970 Rule restricting deductions for bad debts

s.972 Charge to tax under this Chapter

s.973 Amount of income treated as received

s.975 Meaning of “foreign holdings” etc

s.977 Charge to tax on annual payments not otherwise charged

s.979 Charge to tax on income not otherwise charged

s.980 Exemption for commercial occupation of woodlands in UK

s.981 Exemption for gains on financial futures

Part 11

Relief for particular employee share acquisition schemes

11 of 18 sections shown

s.1000 Deduction for costs of setting up employee share ownership trust

amended 4 times (opens in a new tab)

s.983 Overview of Chapter

amended 2 times (opens in a new tab)

s.985 References to a deduction being allowed to a company

amended 2 times (opens in a new tab)

s.987 Deduction for costs of setting up a Schedule 2 share incentive plan

amended 4 times (opens in a new tab)

s.988 Deductions for running expenses of a Schedule 2 share incentive plan

amended 2 times (opens in a new tab)

s.989 Deduction for contribution to plan trust

amended 4 times (opens in a new tab)

s.994 Deduction for providing free or matching shares

amended 1 time (opens in a new tab)

s.995 Deduction for additional expense in providing partnership shares

amended 1 time (opens in a new tab)

s.997 No deduction for expenses in providing dividend shares

amended 1 time (opens in a new tab)

s.998 Withdrawal of deductions if share incentive plan ceases to be a Schedule 2 share incentive plan

amended 3 times (opens in a new tab)

s.999 Deduction for costs of setting up SAYE option scheme or CSOP scheme

amended 9 times (opens in a new tab)

7 other sections in this Part — procedural and definitional

s.984 Chapter to form part of SIP code etc

s.986 Treatment of receipts under Chapter

s.990 Withdrawal of deduction under section 989

s.991 Another deduction to be allowed if all acquired shares are awarded

s.992 Award of shares to excluded employee

s.993 Plan termination notice

s.996 Shares excluded from sections 994 and 995

Part 12

Other relief for employee share acquisitions

29 of 47 sections shown

s.1002 “Employment”

amended 1 time (opens in a new tab)

s.1004 Groups, consortiums and commercial associations of companies

amended 1 time (opens in a new tab)

s.1005 Other definitions

amended 4 times (opens in a new tab)

s.1007 Basic requirements for relief under Chapter 2

amended 1 time (opens in a new tab)

s.1007 Application of Chapter in relation to employees of overseas companies who work for companies in the UK

amended 1 time

s.1009 Conditions relating to employee's income tax position

amended 5 times (opens in a new tab)

s.1010 Calculation of relief if shares are neither restricted nor convertible

amended 2 times (opens in a new tab)

s.1011 Calculation of relief if shares are restricted or convertible

amended 4 times (opens in a new tab)

s.1013 How the relief is given

amended 2 times (opens in a new tab)

s.1015 Basic requirements for relief under Chapter 3

amended 1 time (opens in a new tab)

s.1015 Application of Chapter: employees of overseas companies who take up employment with a UK company

amended 1 time

s.1015 Application of Chapter in relation to employees of overseas companies who work for companies in the UK

amended 1 time

s.1016 Conditions relating to shares acquired

amended 3 times (opens in a new tab)

s.1017 Condition relating to employee's income tax position

amended 1 time (opens in a new tab)

s.1018 Calculation of relief if shares are neither restricted nor convertible

amended 2 times (opens in a new tab)

s.1019 Calculation of relief if shares are restricted or convertible

amended 2 times (opens in a new tab)

s.1021 How the relief is given

amended 2 times (opens in a new tab)

s.1022 Takeover of company whose shares are subject to option

amended 2 times (opens in a new tab)

s.1025 Additional relief available if shares acquired are restricted shares

amended 1 time (opens in a new tab)

s.1025 Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company

amended 1 time

s.1025 Application of Chapter where original relief a consequence of section 1007A, 1015A or 1015B

amended 1 time

s.1026 Relief available on occurrence of chargeable event

amended 2 times (opens in a new tab)

s.1027 Relief available on death of employee

amended 2 times (opens in a new tab)

s.1032 Meaning of “chargeable event”

amended 1 time (opens in a new tab)

s.1033 Relief available on occurrence of chargeable event

amended 2 times (opens in a new tab)

s.1034 Relief available following death of employee

amended 2 times (opens in a new tab)

s.1038 Exclusion of other deductions

amended 1 time (opens in a new tab)

s.1038 Exclusion of deductions for share options: shares not acquired

amended 1 time

s.1038 Employee shareholder shares

amended 1 time

18 other sections in this Part — procedural and definitional

s.1001 Overview of Part

s.1003 “Shares” etc

s.1006 Overview of Chapter

s.1008 Conditions relating to shares acquired

s.1012 Reduction in amount of relief

s.1014 Overview of Chapter

s.1020 Reduction in amount of relief

s.1023 Supplementary provision for purposes of section 1022

s.1024 Transfer of qualifying business by group transfers

s.1028 Supplementary provision for purposes of sections 1026 and 1027

s.1029 Transfer of qualifying business by group transfers

s.1030 Application of Chapter

s.1030 Application of Chapter: employees of overseas companies who take up employment with, or work for, a UK company

s.1030 Application of Chapter where original relief a consequence of section 1007A, 1015A or 1015B

s.1031 Additional relief available if shares acquired are convertible shares etc

s.1035 Supplementary provision for purposes of sections 1033 and 1034

s.1036 Transfer of qualifying business by group transfers

s.1037 Priority of Chapter 1 of Part 11

Part 13

... expenditure on research and development

128 of 148 sections shown

s.1039 Overview of Part

amended 13 times (opens in a new tab)

s.1040 No overlapping claims under Chapters 1A and 2

amended 1 time (opens in a new tab)

s.1040 R&D expenditure credits

amended 1 time

s.1040 Restriction on claiming other tax reliefs

amended 1 time

s.1041 “Research and development”

amended 1 time (opens in a new tab)

s.1042 “Relevant research and development”

amended 2 times (opens in a new tab)

s.1042 Overview of Chapter

amended 2 times

s.1042 Entitlement to credit

amended 2 times

s.1042 Claiming the credit Regulated

Make a timely claim for R&D Expenditure Credit or use an exceptionTrader

amended 2 times

s.1042 Qualifying expenditure: in-house R&D

amended 2 times

s.1042 Qualifying expenditure: payments for contracted out R&D

amended 2 times

s.1042 Qualifying expenditure: activity as contractor for irrelievable client

amended 2 times

s.1042 Percentage of qualifying expenditure translated into credit

amended 2 times

s.1042 Expenditure credit to count as taxable receipt Regulated

Include R&D expenditure credit as a taxable receipt in corporation tax profitsTrader

amended 2 times

s.1042 Redemption of value of expenditure credit

amended 2 times

s.1042 Treatment of deduction to comply with PAYE and NIC limit

amended 2 times

s.1042 Amount of notional tax deduction

amended 2 times

s.1042 Treatment of notional tax deduction

amended 2 times

s.1042 Priority of discharge

amended 2 times

s.1042 Amounts surrendered to other group companies

amended 2 times

s.1042 Adaptation of entitlement for certain insurance businesses

amended 2 times

s.1043 Overview of Chapter

amended 2 times (opens in a new tab)

s.1044 Additional deduction in calculating profits of trade

amended 15 times (opens in a new tab)

s.1045 Alternative treatment for pre-trading expenditure: deemed trading loss

amended 12 times (opens in a new tab)

s.1045 Requirement to make a claim notification

amended 12 times

s.1045 R&D intensity condition

amended 12 times

s.1046 Relief only available where company is going concern

amended 5 times (opens in a new tab)

s.1048 Treatment of deemed trading loss under section 1045

amended 8 times (opens in a new tab)

s.1049 Restriction on consortium relief

amended 1 time (opens in a new tab)

s.1050 R&D threshold

amended 1 time (opens in a new tab)

s.1051 Qualifying Chapter 2 expenditure

amended 1 time (opens in a new tab)

s.1052 Qualifying expenditure: in-house R&D

amended 4 times (opens in a new tab)

s.1053 Qualifying expenditure: payments for contracted out R&D

amended 3 times (opens in a new tab)

s.1053 Qualifying expenditure: activity as contractor for irrelievable client

amended 3 times

s.1054 Entitlement to and payment of tax credit

amended 6 times (opens in a new tab)

s.1054 Requirement to make a claim notification

amended 6 times

s.1055 Meaning of “Chapter 2 surrenderable loss”

amended 5 times (opens in a new tab)

s.1056 Amount of trading loss which is “unrelieved”

amended 7 times (opens in a new tab)

s.1057 Tax credit only available where company is going concern

amended 5 times (opens in a new tab)

s.1058 Amount of tax credit

amended 14 times (opens in a new tab)

s.1058 Relevant expenditure on workers

amended 14 times

s.1058 Total amount of company's PAYE and NIC liabilities

amended 14 times

s.1058 Avoiding double counting of PAYE and NIC liabilities

amended 14 times

s.1058 Exceptions to tax credit cap

amended 14 times

s.1059 Total amount of company's PAYE and NIC liabilities

amended 4 times (opens in a new tab)

s.1062 Restriction on losses carried forward where tax credit claimed

amended 5 times (opens in a new tab)

s.1062 Insurance company to be treated as large company

amended 5 times

s.1063 Additional deduction in calculating profits of trade

amended 2 times (opens in a new tab)

s.1064 R&D threshold

amended 1 time (opens in a new tab)

s.1066 Expenditure on sub-contracted R&D undertaken in-house

amended 1 time (opens in a new tab)

s.1067 Expenditure on sub-contracted R&D not undertaken in-house

amended 1 time (opens in a new tab)

s.1068 Additional deduction in calculating profits of trade

amended 2 times (opens in a new tab)

s.1069 R&D threshold

amended 1 time (opens in a new tab)

s.1071 Subsidised qualifying expenditure on in-house direct R&D

amended 3 times (opens in a new tab)

s.1072 Subsidised qualifying expenditure on contracted out R&D

amended 3 times (opens in a new tab)

s.1074 Additional deduction in calculating profits of trade

amended 2 times (opens in a new tab)

s.1075 R&D threshold

amended 1 time (opens in a new tab)

s.1077 Qualifying expenditure on in-house direct R&D

amended 1 time (opens in a new tab)

s.1078 Qualifying expenditure on contracted out R&D

amended 1 time (opens in a new tab)

s.1080 Entitlement to relief: I minus E basis

amended 4 times (opens in a new tab)

s.1081 ...

amended 2 times (opens in a new tab)

s.1083 s.1083

amended 3 times (opens in a new tab)

s.1085 Overview of Chapter

amended 7 times (opens in a new tab)

s.1087 Deduction in calculating profits of trade

amended 8 times (opens in a new tab)

s.1088 Declaration about effect of relief

amended 1 time (opens in a new tab)

s.1089 SMEs: amount of deduction

amended 2 times (opens in a new tab)

s.1090 Modification of section 1089 for larger SMEs

amended 2 times (opens in a new tab)

s.1091 Amount of deduction

amended 1 time (opens in a new tab)

s.1092 SMEs: deemed trading loss for pre-trading expenditure

amended 3 times (opens in a new tab)

s.1094 Relief only available to SME where company is going concern

amended 1 time (opens in a new tab)

s.1096 Treatment of deemed trading loss under section 1092

amended 4 times (opens in a new tab)

s.1097 R&D threshold

amended 1 time (opens in a new tab)

s.1099 SMEs: qualifying expenditure “for” an accounting period

amended 1 time (opens in a new tab)

s.1100 Qualifying expenditure “for” an accounting period

amended 1 time (opens in a new tab)

s.1101 Qualifying expenditure on in-house direct R&D

amended 1 time (opens in a new tab)

s.1102 Qualifying expenditure on contracted out R&D

amended 1 time (opens in a new tab)

s.1104 Meaning of “Chapter 7 surrenderable loss”

amended 1 time (opens in a new tab)

s.1105 Amount of trading loss which is “unrelieved”

amended 5 times (opens in a new tab)

s.1106 Tax credit only available where company is going concern

amended 1 time (opens in a new tab)

s.1108 Total amount of company's PAYE and NIC liabilities

amended 3 times (opens in a new tab)

s.1111 Restriction on losses carried forward where tax credit claimed

amended 1 time (opens in a new tab)

s.1112 Artificially inflated claims for relief

amended 5 times (opens in a new tab)

s.1112 Overview of Chapter

amended 5 times

s.1112 Cap by reference to PAYE and NIC liabilities

amended 5 times

s.1112 Calculation of relevant PAYE and NIC liabilities

amended 5 times

s.1112 Total PAYE and NIC liabilities

amended 5 times

s.1112 Exception for companies creating or managing intellectual property

amended 5 times

s.1112 Restriction of credit and relief to companies that are going concerns

amended 5 times

s.1112 Meaning of “going concern”

amended 5 times

s.1112 No credit payable if certain tax matters outstanding

amended 5 times

s.1112 Transactions aimed at obtaining credit or relief to be disregarded

amended 5 times

s.1112 Chapter 2 relief for Northern Ireland companies

amended 5 times

s.1119 “Small or medium-sized enterprise”

amended 3 times (opens in a new tab)

s.1120 Qualifications to section 1119

amended 2 times (opens in a new tab)

s.1120 Enterprise treated as an SME where related enterprise becomes large

amended 2 times

s.1120 Enterprise treated as an SME where acquired by an SME

amended 2 times

s.1123 “Staffing costs”

amended 3 times (opens in a new tab)

s.1124 Staffing costs: attributable expenditure

amended 3 times (opens in a new tab)

s.1125 “Software , data licences, cloud computing services or consumable items”

amended 7 times (opens in a new tab)

s.1126 Software , data licences, cloud computing services or consumable items: attributable expenditure

amended 7 times (opens in a new tab)

s.1126 Attributable expenditure: special rules for consumable items

amended 7 times

s.1126 Attributable expenditure: further provision

amended 7 times

s.1126 Attributable expenditure: special rules for data and cloud computing

amended 7 times

s.1128 “Externally provided worker”

amended 4 times (opens in a new tab)

s.1129 Qualifying expenditure on externally provided workers: connected persons

amended 13 times (opens in a new tab)

s.1130 Election for connected persons treatment

amended 2 times (opens in a new tab)

s.1131 Qualifying expenditure on externally provided workers: other cases

amended 4 times (opens in a new tab)

s.1131 Sections 1129 and 1131: secondary Class 1 NICS paid by company

amended 4 times

s.1132 External workers: attributable expenditure

amended 1 time (opens in a new tab)

s.1132 “Qualifying earnings”

amended 1 time

s.1133 Contracted out research and development

amended 2 times (opens in a new tab)

s.1134 Qualifying element of contractor payment: connected persons

amended 16 times (opens in a new tab)

s.1135 Election for connected persons treatment

amended 4 times (opens in a new tab)

s.1136 Qualifying element of contractor payment: other cases

amended 1 time (opens in a new tab)

s.1137 Accounting periods: company not within charge to corporation tax

amended 1 time (opens in a new tab)

s.1138 “Subsidised expenditure”

amended 3 times (opens in a new tab)

s.1138 Externally provided workers and contractors: R&D undertaken abroad

amended 3 times

s.1138 Exempt foreign permanent establishments

amended 3 times

s.1139 “Intellectual property”

amended 1 time (opens in a new tab)

s.1139 Expenditure incurred on payments

amended 1 time

s.1140 “Relevant payments to the subjects of a clinical trial”

amended 1 time (opens in a new tab)

s.1140 Groups

amended 1 time

s.1142 Ineligible companies

amended 5 times (opens in a new tab)

s.1142 “Claim notification” and “claim notification period”

amended 5 times

s.1142 “R&D claim”

amended 5 times

s.1142 Right to payment of credit inalienable

amended 5 times

s.1142 General rule against payments of credit to nominees

amended 5 times

s.1142 Orders and regulations: ancillary provision

amended 5 times

20 other sections in this Part — procedural and definitional

s.1047 Elections under section 1045

s.1060 Use of credit to pay corporation tax

s.1061 Tax credit payment not income of company

s.1065 Qualifying Chapter 3 expenditure

s.1070 Qualifying Chapter 4 expenditure

s.1073 Capped R&D expenditure

s.1076 Qualifying Chapter 5 expenditure

s.1079 Qualifying expenditure on contributions to independent R&D

s.1086 Meaning of “qualifying R&D activity”

s.1093 Modification of section 1092 for larger SMEs

s.1095 Elections under section 1092

s.1098 Meaning of “qualifying Chapter 7 expenditure”

s.1103 Entitlement to and payment of tax credit

s.1107 Amount of tax credit

s.1109 Payment of tax credit

s.1110 Tax credit payment not income of company

s.1121 “Larger SME”

s.1122 “Large company”

s.1127 “Qualifying expenditure on externally provided workers”

s.1141 “Payment period”

Part 14

Remediation of contaminated or derelict land

31 of 41 sections shown

s.1143 Overview of Part

amended 4 times (opens in a new tab)

s.1144 “Qualifying land remediation expenditure”

amended 7 times (opens in a new tab)

s.1145 Land “in a contaminated state”

amended 1 time (opens in a new tab)

s.1145 Land “in a derelict state”

amended 1 time

s.1145 Exclusion of nuclear sites

amended 1 time

s.1146 “Relevant contaminated land remediation”

amended 7 times (opens in a new tab)

s.1146 “Relevant derelict land remediation”

amended 7 times

s.1147 Deduction for capital expenditure

amended 3 times (opens in a new tab)

s.1149 Additional deduction for qualifying land remediation expenditure

amended 1 time (opens in a new tab)

s.1150 No relief if company responsible for contamination or dereliction or polluter has interest

amended 5 times (opens in a new tab)

s.1152 Meaning of “qualifying land remediation loss”

amended 1 time (opens in a new tab)

s.1153 Amount of a loss which is “unrelieved”

amended 13 times (opens in a new tab)

s.1154 Amount of tax credit

amended 1 time (opens in a new tab)

s.1158 Restriction on losses carried forward where tax credit claimed

amended 9 times (opens in a new tab)

s.1160 Provision in respect of I minus E basis

amended 2 times (opens in a new tab)

s.1161 Relief in respect of I minus E basis: ... expenses payable

amended 7 times (opens in a new tab)

s.1162 Additional relief

amended 3 times (opens in a new tab)

s.1163 No relief if company responsible for contamination or dereliction or polluter has interest

amended 5 times (opens in a new tab)

s.1164 Entitlement to tax credit

amended 6 times (opens in a new tab)

s.1165 Meaning of “qualifying BLAGAB loss”

amended 6 times (opens in a new tab)

s.1166 Amount of tax credit

amended 2 times (opens in a new tab)

s.1167 Payment of tax credit etc

amended 2 times (opens in a new tab)

s.1168 Restriction on carrying forward expenses payable where tax credit claimed

amended 5 times (opens in a new tab)

s.1169 Artificially inflated claims for relief or tax credit

amended 4 times (opens in a new tab)

s.1173 Expenditure incurred because of contamination or dereliction

amended 4 times (opens in a new tab)

s.1174 Sub-contractor payments

amended 1 time (opens in a new tab)

s.1175 Connected sub-contractors

amended 5 times (opens in a new tab)

s.1176 “Qualifying expenditure on sub-contracted land remediation”: other cases

amended 1 time (opens in a new tab)

s.1178 Persons having a “relevant connection” to a company

amended 2 times (opens in a new tab)

s.1178 “Major interest in land”

amended 2 times

s.1179 Other definitions

amended 2 times (opens in a new tab)

10 other sections in this Part — procedural and definitional

s.1148 Election under section 1147

s.1151 Entitlement to and payment of tax credit

s.1155 Payment of tax credit

s.1156 Tax credit payment not income of company

s.1157 Exclusion for capital gains purposes of certain expenditure

s.1159 Limitation on relief under Chapter 2

s.1170 “Staffing costs”

s.1171 Staffing costs attributable to relevant land remediation

s.1172 Expenditure on materials

s.1177 “Subsidised expenditure”

Part 14

Films, television programmes and video games

76 of 76 sections shown

s.1179 Overview of Part

amended 2 times

s.1179 Qualifying companies and productions

amended 2 times

s.1179 UK expenditure

amended 2 times

s.1179 Company tax returns

amended 2 times

s.1179 Groups

amended 2 times

s.1179 Regulations

amended 2 times

s.1179 Election to tax qualifying production as separate trade

amended 2 times

s.1179 Duration of separate trade

amended 2 times

s.1179 Calculation of profits

amended 2 times

s.1179 When costs are to be taken as incurred

amended 2 times

s.1179 Preliminary expenditure Regulated

Amend tax return if preliminary expenditure was previously claimedTrader

amended 2 times

s.1179 Treatment of certain capital amounts as revenue

amended 2 times

s.1179 Carrying forward of production losses

amended 2 times

s.1179 Transfer of terminal loss to other qualifying production

amended 2 times

s.1179 Entitlement to expenditure credit Regulated

Amend your tax return if a production credit later becomes invalidTrader

amended 2 times

s.1179 Amount of expenditure credit

amended 2 times

s.1179 Expenditure credit to count as taxable receipt

amended 2 times

s.1179 Redemption of value of expenditure credit

amended 2 times

s.1179 Treatment of notional tax deduction

amended 2 times

s.1179 Amounts surrendered to other group companies

amended 2 times

s.1179 Priority of discharge

amended 2 times

s.1179 No credit payable if company in administration or liquidation

amended 2 times

s.1179 No credit payable if certain tax matters outstanding

amended 2 times

s.1179 Disqualifying arrangements and non-commercial transactions

amended 2 times

s.1179 Application of Chapters 2 and 3 to films and television programmes

amended 2 times

s.1179 Meaning of “film”

amended 2 times

s.1179 Qualifying films

amended 2 times

s.1179 Theatrical release condition

amended 2 times

s.1179 Meaning of “television programme”

amended 2 times

s.1179 Qualifying television programmes

amended 2 times

s.1179 Categories of qualifying programme

amended 2 times

s.1179 Excluded programmes

amended 2 times

s.1179 Broadcast condition

amended 2 times

s.1179 Slot length and hourly cost conditions

amended 2 times

s.1179 British certification condition: provisional and final satisfaction

amended 2 times

s.1179 Films: certification as low-budget film

amended 2 times

s.1179 Television programmes: test for certification

amended 2 times

s.1179 Television programmes: applications for certification

amended 2 times

s.1179 Television programmes: certification and revocation

amended 2 times

s.1179 Disclosure of information for certification purposes

amended 2 times

s.1179 UK expenditure condition: provisional and final satisfaction

amended 2 times

s.1179 Meaning of “production company”

amended 2 times

s.1179 Qualifying co-productions and co-producers

amended 2 times

s.1179 Expenditure that qualifies for credit

amended 2 times

s.1179 Meaning of “core expenditure”

amended 2 times

s.1179 Excluded expenditure: research and development and unpaid amounts

amended 2 times

s.1179 Excluded expenditure: non-arm’s-length dealings with connected parties

amended 2 times

s.1179 Percentage of qualifying expenditure translated into credit

amended 2 times

s.1179 When the separate trade begins

amended 2 times

s.1179 Costs and income of separate trade

amended 2 times

s.1179 Accounting periods Regulated

State film or TV completion status in your company tax returnTrader

amended 2 times

s.1179 Effect of move out of higher-percentage category

amended 2 times

s.1179 Production qualifying consecutively as film and television programme

amended 2 times

s.1179 Meaning of “production activities”, “principal photography” and “animation”

amended 2 times

s.1179 When film or programme is completed

amended 2 times

s.1179 Special credit for visual effects

amended 2 times

s.1179 Application of Chapters 2 and 3 to video games

amended 2 times

s.1179 Video games that are qualifying video games

amended 2 times

s.1179 Intended supply condition

amended 2 times

s.1179 British certification condition: provisional and final satisfaction

amended 2 times

s.1179 Test for certification

amended 2 times

s.1179 Applications for certification

amended 2 times

s.1179 Certification and revocation

amended 2 times

s.1179 Disclosure of information for certification purposes

amended 2 times

s.1179 UK expenditure condition

amended 2 times

s.1179 Meaning of “development company”

amended 2 times

s.1179 Expenditure that qualifies for credit

amended 2 times

s.1179 Meaning of “core expenditure”

amended 2 times

s.1179 Excluded expenditure: research and development and unpaid amounts

amended 2 times

s.1179 Excluded expenditure: non-arm’s-length dealings with connected parties

amended 2 times

s.1179 Percentage of qualifying expenditure translated into credit

amended 2 times

s.1179 When the separate trade begins

amended 2 times

s.1179 Costs and income of separate trade

amended 2 times

s.1179 Accounting periods

amended 2 times

s.1179 Meaning of “development activities”

amended 2 times

s.1179 When video game is completed

amended 2 times

Part 15

Film production

18 of 38 sections shown

s.1184 “Production expenditure”, “core expenditure” ...

amended 2 times (opens in a new tab)

s.1194 Estimates Regulated

Use fair and reasonable estimates for film tax calculationsDirector or Officer

s.1195 Availability and overview of film tax relief

amended 7 times (opens in a new tab)

s.1196 Intended theatrical release

amended 1 time (opens in a new tab)

s.1196 Intended release or broadcast

amended 1 time

s.1197 British film Regulated

Other duties (1) — Crown / regulator

Secretary of State must certify films as British for tax reliefCrown / Minister / Government department

s.1198 UK expenditure

amended 2 times (opens in a new tab)

s.1200 Amount of additional deduction

amended 1 time (opens in a new tab)

s.1201 Film tax credit claimable if company has surrenderable loss

amended 7 times (opens in a new tab)

s.1202 Surrendering of loss and amount of film tax credit

amended 7 times (opens in a new tab)

s.1205 Artificially inflated claims for additional deduction or film tax credit

amended 2 times (opens in a new tab)

s.1206 Confidentiality of information

amended 6 times (opens in a new tab)

s.1207 Wrongful disclosure

amended 5 times (opens in a new tab)

s.1209 Restriction on use of losses while film in production

amended 5 times (opens in a new tab)

s.1210 Use of losses in later periods

amended 10 times (opens in a new tab)

s.1211 Terminal losses

amended 10 times (opens in a new tab)

s.1213 Certification as a British film Regulated

Obtain British film certification to claim tax reliefTrader

s.1215 Film tax relief on basis that film is limited-budget film

amended 1 time (opens in a new tab)

20 other sections in this Part — procedural and definitional

s.1180 Overview of Part

s.1181 “Film” etc

s.1182 “Film production company”

s.1183 “Film-making activities” etc

s.1185 “UK expenditure” etc

s.1186 “Qualifying co-production” and “co-producer”

s.1187 “Company tax return”

s.1188 Activities of film production company treated as a separate trade

s.1189 Calculation of profits or losses of separate film trade

s.1190 Income from the film

s.1191 Costs of the film

s.1192 When costs are taken to be incurred

s.1193 Pre-trading expenditure

s.1199 Additional deduction for qualifying expenditure

s.1203 Payment in respect of film tax credit

s.1204 No account to be taken of amount if unpaid

s.1208 Application of sections 1209 and 1210

s.1212 Introduction

s.1214 The UK expenditure condition

s.1216 Time limit for amendments and assessments

Part 15

Television production

4 of 42 sections shown

s.1216 UK expenditure Regulated

Ensure at least 10% of TV production expenditure is spent in the UKTrader

s.1216 Payment in respect of television tax credit Regulated

Other duties (1) — Crown / regulator

HMRC must pay television tax credits and may offset them against tax debtStatutory regulator

s.1216 Certification as a British programme Regulated

Submit British programme certificates with tax returns and amend returns if certification is lostTrader

s.1216 The UK expenditure condition Regulated

Report and monitor UK expenditure for television tax reliefTrader

38 other sections in this Part — procedural and definitional

s.1216 Overview of Part

s.1216 “Television programme”

s.1216 “Relevant programme”

s.1216 Types of programme eligible to be relevant programmes

s.1216 Excluded programmes

s.1216 Certain children's programmes not to be excluded programmes

s.1216 Television production company

s.1216 “Television production activities” etc

s.1216 “Production expenditure” and “core expenditure”

s.1216 “UK expenditure” etc

s.1216 “Qualifying co-production” and “co-producer”

s.1216 “Company tax return”

s.1216 Activities of television production company treated as a separate trade

s.1216 Calculation of profits or losses of separate programme trade

s.1216 Income from the relevant programme

s.1216 Costs of the relevant programme

s.1216 When costs are taken to be incurred

s.1216 Pre-trading expenditure

s.1216 Estimates

s.1216 Availability and overview of television tax relief

s.1216 Intended for broadcast

s.1216 British programme

s.1216 Applications for certification

s.1216 Certification and withdrawal of certification

s.1216 Additional deduction for qualifying expenditure

s.1216 Amount of additional deduction

s.1216 Television tax credit claimable if company has surrenderable loss

s.1216 Surrendering of loss and amount of television tax credit

s.1216 No account to be taken of amount if unpaid

s.1216 Artificially inflated claims for additional deduction or tax credit

s.1216 Confidentiality of information

s.1216 Wrongful disclosure

s.1216 Application of sections 1216DA and 1216DB

s.1216 Restriction on use of losses while programme in production

s.1216 Use of losses in later periods

s.1216 Terminal losses

s.1216 Introduction

s.1216 Time limit for amendments and assessments

Part 15

Video games development

2 of 36 sections shown

s.1217 Wrongful disclosure Imprisonment

Wrongfully disclose HMRC revenue and customs informationAny Person

s.1217 The European expenditure condition Regulated

Report and confirm European expenditure to claim special video games reliefTrader

34 other sections in this Part — procedural and definitional

s.1217 Overview of Part

s.1217 “Video game” etc

s.1217 Video games development company

s.1217 “Video game development activities” etc

s.1217 “Core expenditure”

s.1217 “European expenditure” etc

s.1217 “Company tax return”

s.1217 Activities of video games development company treated as a separate trade

s.1217 Calculation of profits or losses of separate video game trade

s.1217 Income from the video game

s.1217 Costs of the video game

s.1217 When costs are taken to be incurred

s.1217 Estimates

s.1217 Availability and overview of video games tax relief

s.1217 Intended for supply

s.1217 British video game

s.1217 Applications for certification

s.1217 Certification and withdrawal of certification

s.1217 European expenditure

s.1217 Additional deduction for qualifying expenditure

s.1217 Amount of additional deduction

s.1217 Video game tax credit claimable if company has surrenderable loss

s.1217 Surrendering of loss and amount of video game tax credit

s.1217 Payment in respect of video game tax credit

s.1217 No account to be taken of amount if unpaid

s.1217 Artificially inflated claims for additional deduction or tax credit

s.1217 Confidentiality of information

s.1217 Application of sections 1217DA and 1217DB

s.1217 Restriction on use of losses while video game in development

s.1217 Use of losses in later periods

s.1217 Terminal losses

s.1217 Introduction

s.1217 Certification as a British video game

s.1217 Time limit for amendments and assessments

Part 15

Theatrical Productions

3 of 34 sections shown

s.1217 Claim for additional deduction Regulated

Claim theatrical production tax deduction and amend earlier returns if neededTrader

s.1217 Pre-trading expenditure Regulated

Amend your company tax return if you claimed pre-trading costs for other tax purposesTrader

s.1217 Clawback of provisional relief Regulated

Correct tax returns if Theatre Tax Relief conditions are not metTrader

31 other sections in this Part — procedural and definitional

s.1217 Overview

s.1217 “Theatrical production”

s.1217 Productions not regarded as theatrical

s.1217 “Production company”

s.1217 How a company qualifies for relief

s.1217 The commercial purpose condition

s.1217 The UK expenditure condition

s.1217 “Core expenditure”

s.1217 Introduction to sections 1217IA to 1217IF

s.1217 Calculation of profits or losses of separate theatrical trade

s.1217 Income from the production

s.1217 Costs of the production

s.1217 When costs are taken to be incurred

s.1217 Estimates

s.1217 Amount of additional deduction

s.1217 “Qualifying expenditure”

s.1217 Theatre tax credit claimable if company has surrenderable loss

s.1217 Amount of surrenderable loss

s.1217 Payment in respect of theatre tax credit

s.1217 Limit on State aid

s.1217 No claim if company in administration or liquidation

s.1217 Tax avoidance arrangements

s.1217 Transactions not entered into for genuine commercial reasons

s.1217 Application of sections 1217MA to 1217MC

s.1217 Restriction on use of losses before completion period

s.1217 Use of losses in the completion period

s.1217 Terminal losses

s.1217 Provisional entitlement to relief

s.1217 Activities involved in developing, producing, running or closing a production

s.1217 “Company tax return”

s.1217 Index

Part 15

Orchestra tax relief

4 of 33 sections shown

s.1217 Pre-trading expenditure Regulated

Amend company tax return if pre-trading costs already used for other tax purposesTrader

s.1217 Claim for additional deduction Regulated

Claim orchestral tax relief for qualifying concert productionsTrader

s.1217 No claim if company in administration or liquidation Regulated

Do not claim tax relief while company is in administration or liquidationTrader

s.1217 Clawback of provisional relief Regulated

Report and correct Orchestra Tax Relief if UK spending targets are missedTrader

29 other sections in this Part — procedural and definitional

s.1217 Overview

s.1217 “Orchestral concert”

s.1217 Production company

s.1217 Separate orchestral trade

s.1217 Election for concert series

s.1217 Calculation of profits or losses of separate orchestral trade

s.1217 Income from the production

s.1217 Costs of the production

s.1217 When costs are taken to be incurred

s.1217 Estimates

s.1217 Overview of orchestra tax relief

s.1217 Companies qualifying for orchestra tax relief

s.1217 The UK expenditure condition

s.1217 “Core expenditure”

s.1217 Amount of additional deduction

s.1217 “Qualifying expenditure”

s.1217 Orchestra tax credit claimable if company has surrenderable loss

s.1217 Amount of surrenderable loss

s.1217 Payment in respect of orchestra tax credit

s.1217 Limit on State aid

s.1217 No account to be taken of amount if unpaid

s.1217 Tax avoidance arrangements

s.1217 Transactions not entered into for genuine commercial reasons

s.1217 Application of sections 1217SA to 1217SC

s.1217 Restriction on use of losses before completion period

s.1217 Use of losses in the completion period

s.1217 Terminal losses

s.1217 Provisional entitlement to relief

s.1217 Interpretation

Part 15

Museums and galleries exhibition tax relief

5 of 36 sections shown

s.1218 Pre-trading expenditure Regulated

Amend company tax return if pre-trading expenditure is reallocated to exhibition tradeTrader

s.1218 Estimates Regulated

Make estimates for museums and galleries tax relief on a just and reasonable basisTrader

s.1218 Claim for additional deduction Regulated

Amend earlier company tax returns if claiming exhibition tax relief in a later periodTrader

s.1218 No claim if company in administration or liquidation Regulated

Do not claim exhibition tax credit while in administration or liquidationTrader

s.1218 Clawback of provisional relief Regulated

Correct tax returns if museum exhibition tax relief conditions are not metTrader

31 other sections in this Part — procedural and definitional

s.1218 Overview

s.1218 “Exhibition”

s.1218 “Touring exhibition”

s.1218 Primary production company

s.1218 Secondary production company

s.1218 Separate exhibition trade

s.1218 Calculation of profits or losses of separate exhibition trade

s.1218 Income from the production

s.1218 Costs of the production

s.1218 When costs are taken to be incurred

s.1218 Overview of museums and galleries exhibition tax relief

s.1218 Companies qualifying for museums and galleries exhibition tax relief

s.1218 Interpretation of section 1218ZCA(3)(b) and (c)

s.1218 The UK expenditure condition

s.1218 “Core expenditure”

s.1218 Amount of additional deduction

s.1218 “Qualifying expenditure”

s.1218 Museums and galleries exhibition tax credit claimable if company has surrenderable loss

s.1218 Amount of surrenderable loss

s.1218 Payment in respect of museums and galleries exhibition tax credit

s.1218 Maximum museums and galleries exhibition tax credits payable

s.1218 No account to be taken of amount if unpaid

s.1218 Tax avoidance arrangements

s.1218 Transactions not entered into for genuine commercial reasons

s.1218 Application of sections 1218ZDA to 1218ZDC

s.1218 Restriction on use of losses before completion period

s.1218 Use of losses in the completion period

s.1218 Terminal losses

s.1218 Provisional entitlement to relief

s.1218 Regulations about activities in relation to an exhibition

s.1218 Interpretation

Part 16

Companies with investment business

22 of 45 sections shown

s.1219 Expenses of management of a company's investment business

amended 5 times (opens in a new tab)

s.1220 Meaning of “unallowable purpose”

amended 1 time (opens in a new tab)

s.1221 Amounts treated as expenses of management

amended 4 times (opens in a new tab)

s.1222 Income from a source not charged to tax

amended 3 times (opens in a new tab)

s.1223 Carrying forward expenses of management and other amounts

amended 9 times (opens in a new tab)

s.1223 Exception for basic life assurance and general annuity business

amended 9 times

s.1224 Accounting period to which expenses are referable

amended 1 time (opens in a new tab)

s.1225 Accounts conforming with GAAP

amended 1 time (opens in a new tab)

s.1229 Claw back of relief

amended 1 time (opens in a new tab)

s.1231 Absence of accounts

amended 1 time (opens in a new tab)

s.1233 Excess capital allowances

amended 4 times (opens in a new tab)

s.1234 Payments for restrictive undertakings

amended 1 time (opens in a new tab)

s.1235 Employees seconded to charities and educational establishments

amended 1 time (opens in a new tab)

s.1237 Counselling and other outplacement services

amended 1 time (opens in a new tab)

s.1243 Payments made by the Government

amended 1 time (opens in a new tab)

s.1244 Contributions to local enterprise organisations or urban regeneration companies

amended 1 time (opens in a new tab)

s.1244 Contributions to flood and coastal erosion risk management projects

amended 1 time

s.1248 Expenses in connection with arrangements for securing a tax advantage

amended 5 times (opens in a new tab)

s.1249 Unpaid remuneration

amended 4 times (opens in a new tab)

s.1251 Car ... hire

amended 16 times (opens in a new tab)

s.1253 Contributions to local enterprise organisations or urban regeneration companies: disqualifying benefits

amended 1 time (opens in a new tab)

s.1253 Contributions to flood and coastal erosion risk management projects: refunds etc

amended 1 time

23 other sections in this Part — procedural and definitional

s.1217 Overview of Part

s.1218 “Company with investment business” and “investment business”

s.1218 Overview of Part

s.1226 Accounts not conforming with GAAP

s.1227 Accounts not drawn up

s.1227 Management expenses in relation to salaried members of limited liability partnerships

s.1228 Credits that reverse debits

s.1230 Meaning of “reversal amount”

s.1232 Chapter applies to amounts not otherwise relieved

s.1236 Payroll deduction schemes

s.1238 Retraining courses

s.1239 Redundancy payments and approved contractual payments

s.1240 Payments in respect of employment wholly in employer's business

s.1241 Payments in respect of employment in more than one capacity

s.1242 Additional payments

s.1245 Payments to Export Credits Guarantee Department

s.1246 Levies under FISMA 2000

s.1247 Introduction

s.1250 Unpaid remuneration: supplementary

s.1252 Industrial development grants

s.1254 Repayments under FISMA 2000

s.1255 Meaning of some accounting terms

Part 17

Partnerships

7 of 21 sections shown

s.1256 Overview of Part

amended 1 time (opens in a new tab)

s.1261 Accounting periods of firms

amended 1 time (opens in a new tab)

s.1262 Allocation of firm's profits or losses between partners

amended 7 times (opens in a new tab)

s.1266 Resident partners and double taxation agreements

amended 2 times (opens in a new tab)

s.1269 Interpretation of sections 1267 and 1268

amended 1 time (opens in a new tab)

s.1273 Limited liability partnerships

amended 2 times (opens in a new tab)

s.1273 Limited liability partnerships: salaried members

amended 2 times

14 other sections in this Part — procedural and definitional

s.1257 General provisions

s.1258 Assessment of firms

s.1258 Bare trusts

s.1259 Calculation of firm's profits and losses

s.1260 Section 1259: supplementary

s.1263 Profit-making period in which some partners have losses

s.1264 Loss-making period in which some partners have profits

s.1264 Excess profit allocation to non-individual partners etc

s.1265 Apportionment of profit share between partner's accounting periods

s.1267 Various rules for trades and property businesses

s.1268 Election for spreading under Chapter 14 of Part 3

s.1270 Special provisions about farming and property income

s.1271 Sale of patent rights: effect of partnership changes

s.1272 Sale of patent rights: effect of later cessation of trade

Part 18

Unremittable income

1 of 5 sections shown

s.1274 Unremittable income: introduction

amended 3 times (opens in a new tab)

4 other sections in this Part — procedural and definitional

s.1275 Claim for relief for unremittable income

s.1276 Withdrawal of relief

s.1277 Income charged on withdrawal of relief after source ceases

s.1278 Valuing unremittable income

Part 19

General exemptions

3 of 9 sections shown

s.1283 Interest from tax reserve certificates

amended 1 time (opens in a new tab)

s.1285 UK company distributions

amended 2 times (opens in a new tab)

s.1286 VAT repayment supplements

amended 1 time (opens in a new tab)

6 other sections in this Part — procedural and definitional

s.1279 Exemption of profits from securities free of tax to residents abroad (“FOTRA securities”)

s.1280 Section 1279: supplementary provision

s.1281 Income from savings certificates

s.1282 Income from Ulster Savings Certificates

s.1284 Housing grants

s.1287 Incentives to use electronic communications

Part 20

General calculation rules

14 of 26 sections shown

s.1288 Unpaid remuneration

amended 2 times (opens in a new tab)

s.1289 Unpaid remuneration: supplementary

amended 1 time (opens in a new tab)

s.1290 Employee benefit contributions

amended 5 times (opens in a new tab)

s.1291 Making of “employee benefit contributions”

amended 4 times (opens in a new tab)

s.1292 Provision of qualifying benefits

amended 5 times (opens in a new tab)

s.1293 Timing and amount of certain qualifying benefits

amended 7 times (opens in a new tab)

s.1296 Interpretation of sections 1290 to 1296

amended 2 times (opens in a new tab)

s.1297 Basic life assurance and general annuity business

amended 7 times (opens in a new tab)

s.1298 Business entertainment and gifts

amended 1 time (opens in a new tab)

s.1303 Penalties , interest and VAT surcharges and interest Regulated

Claim tax deductions for tax penalties or interestAny Person

amended 6 times (opens in a new tab)

s.1304 Crime-related payments

amended 1 time (opens in a new tab)

s.1306 Losses calculated on same basis as miscellaneous income

amended 1 time (opens in a new tab)

s.1307 Apportionment etc of miscellaneous profits and losses to accounting period

amended 2 times (opens in a new tab)

s.1308 Expenditure brought into account in determining value of intangible asset

amended 1 time (opens in a new tab)

12 other sections in this Part — procedural and definitional

s.1294 Provision or payment out of employee benefit contributions

s.1295 Profits calculated before end of 9 month period

s.1299 Business entertainment: exceptions

s.1300 Business gifts: exceptions

s.1301 Restriction of deductions for annual payments

s.1301 Restriction of deductions for interest

s.1301 Qualifying charitable donations

s.1302 Social security contributions

s.1305 Dividends and other distributions

s.1305 Avoidance schemes involving the transfer of corporate profits

s.1305 Avoidance schemes involving certain non-derecognition liabilities

s.1309 Payments treated as made to visiting performers

Part 21

Other general provisions

10 of 21 sections shown

s.1310 Orders and regulations

amended 10 times (opens in a new tab)

s.1311 Apportionment to different periods

amended 1 time (opens in a new tab)

s.1312 Abbreviated references to Acts

amended 2 times (opens in a new tab)

s.1316 Meaning of “connected” persons and “control”

amended 2 times (opens in a new tab)

s.1317 Meaning of “farming” and related expressions

amended 1 time (opens in a new tab)

s.1318 Meaning of grossing up

amended 1 time (opens in a new tab)

s.1319 Other definitions

amended 6 times (opens in a new tab)

s.1320 Interpretation: Scotland

amended 1 time (opens in a new tab)

s.1325 Transitional provisions and savings

amended 1 time (opens in a new tab)

s.1329 Commencement

amended 2 times (opens in a new tab)

11 other sections in this Part — procedural and definitional

s.1313 Activities in UK sector of continental shelf

s.1314 Meaning of “caravan”

s.1315 Claims and elections

s.1321 Interpretation: Northern Ireland

s.1322 Minor and consequential amendments

s.1323 Power to make consequential provision

s.1324 Power to undo changes

s.1326 Repeals and revocations

s.1327 Index of defined expressions

s.1328 Extent

s.1330 Short title

Schedules

2 of 889 shown

s.sch001 In section 154(6) (stamp duty and stamp duty reserve tax:... Regulated

Other duties (1) — Crown / regulator

HMRC must apply stamp duty exemption to alternative investment bonds referencing CTA 2009Statutory regulator

s.sch002 (1) This paragraph applies in relation to a company if... Regulated

Report gains or losses when exiting certain pre-2005 derivative contractsTrader

887 other schedules

s.002 Transitionals and savings

s.004 Index of defined expressions

s.sch001 The Income and Corporation Taxes Act 1988 (c. 1) is...

s.sch001 Omit section 21A (computation of amount chargeable under Schedule A)....

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 337 (company beginning or ceasing to carry on...

s.sch001 (1) Amend section 337A (computation of company's profits or income:...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 21B (application of other rules applicable to Case...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 In section 398(b) for “Schedule D” substitute “ Part 5...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 401 (relief for pre-trading expenditure).

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 21C (the Schedule A charge and mutual business)....

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 In section 414(1)(b) (close companies) omit “within the meaning of...

s.sch001 (1) Amend section 431 (interpretation of provisions relating to insurance...

s.sch001 (1) Amend section 431G (company carrying on life assurance business)...

s.sch001 In section 431H(3) (company carrying on life assurance business and...

s.sch001 (1) Amend section 432YA (long-term business other than life assurance...

s.sch001 (1) Amend section 24 (construction of Part 2) as follows....

s.sch001 (1) Amend section 432A (apportionment of income and gains) as...

s.sch001 (1) Amend section 432AA (Schedule A business or overseas property...

s.sch001 (1) Amend section 432AB (losses from Schedule A business or...

s.sch001 In section 434(1) (franked investment income etc ) for “provisions...

s.sch001 (1) Amend section 434A (computation of losses and limitation of...

s.sch001 (1) Amend section 436A (gross roll-up business: separate charge on...

s.sch001 In section 440(6) (transfers of assets etc ) for “in...

s.sch001 In section 440A(7) (securities) for “in accordance with Case I...

s.sch001 (1) Amend section 440B (modifications where tax charged under Case...

s.sch001 (1) Amend section 440C (modifications for change of tax basis)...

s.sch001 Omit section 30 (expenditure on making sea walls).

s.sch001 In section 442(2) (overseas business of UK companies) for “of...

s.sch001 In section 442A(1) (taxation of investment return where risk reinsured)...

s.sch001 (1) Amend section 444AZA (transfers of life assurance business: Case...

s.sch001 (1) Amend section 444AZB (transfers of life assurance business: Case...

s.sch001 In section 444ABD(1A) (transferor's period of account including transfer)—

s.sch001 (1) Amend section 444AEA (transfer schemes: anti-avoidance rule) as follows....

s.sch001 (1) Amend section 444AEB (Case I advantage: transferor) as follows....

s.sch001 (1) Amend section 444AEC (Case I advantage: transferee) as follows....

s.sch001 (1) Amend section 444AECA (parts of transfer scheme arrangements: anti-avoidance...

s.sch001 (1) Amend section 444AECB (parts of transfer scheme arrangements: Case...

s.sch001 Omit sections 31ZA to 31ZC (deductions for expenditure on energy-saving...

s.sch001 (1) Amend section 444AECC (parts of transfer scheme arrangements: Case...

s.sch001 (1) Amend section 444AED (clearance: no avoidance or group advantage)...

s.sch001 In section 444AF(5) (demutualisation surplus: life assurance business)—

s.sch001 In section 444AH (modification of section 444AG etc for Case...

s.sch001 In section 444AK(3) (mutual surplus: gross roll-up business) for “provisions...

s.sch001 In section 444BA(1) (equalisation reserves for general business) for “Case...

s.sch001 In section 444BB(2) (modification of section 444BA for mutual or...

s.sch001 Omit section 469(4A) to (5) and (6) (other unit trusts)....

s.sch001 Omit section 472A (trading profits etc from securities: taxation of...

s.sch001 Omit section 473 (conversion etc of securities held as circulating...

s.sch001 Omit sections 34 to 39 (premiums, leases at undervalue etc)....

s.sch001 In section 475 (tax-free Treasury securities: exclusion of interest on...

s.sch001 In section 477A (building societies: loan relationships), omit subsections (3)(a)...

s.sch001 Omit section 477B (incidental costs of issuing qualifying shares).

s.sch001 (1) Amend section 486 (registered societies and co-operative associations) as...

s.sch001 Omit section 487 (credit unions).

s.sch001 Omit section 491 (distribution of assets of body corporate carrying...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 40 (tax treatment of receipts and outgoings on...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 In section 503(1)(a) (letting of furnished holiday accommodation treated as...

s.sch001 Omit section 504 (meaning of “commercial letting of furnished holiday...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 509 (reserves of marketing boards etc).

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 For section 518(2) (harbour reorganisation schemes) substitute—

s.sch001 Omit section 524 (taxation of receipts from sale of patent...

s.sch001 (1) Amend section 42 (appeals against determinations under sections 34...

s.sch001 Omit section 525 (capital sums: winding up or partnership change)....

s.sch001 Omit section 526 (relief for expenses).

s.sch001 Omit section 528 (manner of making allowances and charges).

s.sch001 Omit section 531 (provisions supplementary to section 530).

s.sch001 Omit section 532 (application of Capital Allowances Act).

s.sch001 Omit section 533 (interpretation of sections 520 to 532).

s.sch001 Omit section 556 (activity treated as trade etc and attribution...

s.sch001 Omit section 558(5) and (6) (visiting performers: supplementary provisions).

s.sch001 In section 568(1) (deductions from profits of contributions paid under...

s.sch001 In section 570(4) (payments under certified schemes which are not...

s.sch001 Omit section 46 (savings certificates and tax reserve certificates).

s.sch001 (1) Amend section 571 (cancellation of certificates) as follows.

s.sch001 Omit section 577 (business entertaining expenses).

s.sch001 Omit section 577A (expenditure involving crime).

s.sch001 Omit section 578 (housing grants).

s.sch001 Omit sections 578A and 578B (expenditure on car hire).

s.sch001 Omit sections 579 and 580 (statutory redundancy payments).

s.sch001 Omit section 582 (funding bonds issued in respect of interest...

s.sch001 Omit section 584 (relief for unremittable overseas income).

s.sch001 Omit sections 586 and 587 (disallowance of deductions for war...

s.sch001 In section 587B(2)(b) (gifts of shares, securities and real property...

s.sch001 (1) Amend section 6 (the charge to corporation tax and...

s.sch001 Omit section 53 (farming and other commercial occupation of land...

s.sch001 Omit section 588 (training courses for employees).

s.sch001 Omit section 589A (counselling services for employees).

s.sch001 Omit section 589B(5) (interpretation of section 589A).

s.sch001 Omit section 617 (social security benefits and contributions).

s.sch001 Omit section 695 (limited interests in residue).

s.sch001 Omit section 696 (absolute interests in residue).

s.sch001 Omit section 697 (supplementary provisions as to absolute interests in...

s.sch001 Omit section 698 (special provisions as to certain interests in...

s.sch001 Omit section 699A (untaxed sums comprised in the income of...

s.sch001 In section 700 (adjustments and information)— (a) omit subsections (1)...

s.sch001 Omit section 55 (mines, quarries and other concerns).

s.sch001 Omit section 701 (interpretation).

s.sch001 Omit section 702 (application to Scotland).

s.sch001 In section 703(3) (cancellation of corporation tax advantage) omit the...

s.sch001 In section 709(2) (meaning of “corporation tax advantage” and other...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 In section 736C(9) (deemed interest: cash collateral under stock lending...

s.sch001 In section 747(1B) (controlled foreign companies: company residence for purposes...

s.sch001 In section 751(3) (controlled foreign companies: accounting periods) for “subsections...

s.sch001 (1) Amend section 755A (treatment of chargeable profits and creditable...

s.sch001 (1) Amend section 56 (transactions in deposits with and without...

s.sch001 (1) Amend section 761 (charge to income tax or corporation...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 In section 774(1) (transactions between dealing company and associated company)...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 70 (basis of assessment etc).

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 (1) Amend section 776 (transactions in land: taxation of capital...

s.sch001 (1) Amend section 779 (sale and lease-back: limitation on tax...

s.sch001 In section 780(3A) (sale and lease-back: taxation of consideration received)...

s.sch001 (1) Amend section 781 (assets leased to traders and others)...

s.sch001 In section 782(9) (leased assets: special cases) omit the words...

s.sch001 In section 785 (definitions for purposes of sections 781 to...

s.sch001 In section 785ZA(3) (restrictions on use of losses: leasing partnerships)...

s.sch001 In section 785ZB(8) (section 785ZA: definitions)— (a) in paragraph (a)...

s.sch001 In section 785C(4)(a) (section 785B: interpretation) for “under Schedule A”...

s.sch001 Omit section 70A (Case V income from land outside UK)....

s.sch001 In section 785D(3) (section 785B: lease of plant and machinery...

s.sch001 (1) Amend section 786 (transactions associated with loans or credit)...

s.sch001 (1) Amend section 787 (restriction of relief for payments of...

s.sch001 In section 788(7) (relief by agreement with other territories) omit...

s.sch001 In section 790(11) (unilateral relief) omit the words from “,...

s.sch001 In section 795(4) (computation of income subject to foreign tax)—...

s.sch001 (1) Amend section 797 (limits on credit: corporation tax) as...

s.sch001 (1) Amend section 797A (foreign tax on items giving rise...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 72 (apportionments etc for purposes of Cases I,...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 74 (general rules as to deductions not allowable)....

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 817 (deductions not to be allowed in computing...

s.sch001 In section 821(1)(a) (under-deductions from payments made before passing of...

s.sch001 (1) Amend section 826 (interest on tax overpaid) as follows....

s.sch001 Omit section 827 (VAT penalties etc).

s.sch001 (1) Amend section 828 (orders and regulations made by the...

s.sch001 Omit section 75 (expenses of management: companies with investment business)....

s.sch001 Omit section 830(2) to (4) (territorial sea and designated areas)....

s.sch001 In section 831(3) (interpretation of ICTA) before the definition of...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit Schedule A1 (determination of profits attributable to permanent establishment:...

s.sch001 Omit Schedule 4AA (share incentive plans: corporation tax deductions).

s.sch001 Omit section 75A (accounting period to which expenses of management...

s.sch001 Omit Schedule 5 (treatment of farm animals etc for purposes...

s.sch001 In paragraph 13(3) of Schedule 18A (group relief: overseas losses...

s.sch001 (1) Amend Schedule 19ABA (modification of life assurance provisions of...

s.sch001 In paragraph 6(6)(b) of Schedule 19B (petroleum extraction activities: exploration...

s.sch001 (1) Amend Schedule 19C (petroleum extraction activities: ring fence expenditure...

s.sch001 (1) Amend Schedule 23A (manufactured dividends and interest) as follows....

s.sch001 (1) Amend Schedule 24 (assumptions for calculating chargeable profits, creditable...

s.sch001 (1) Amend Schedule 25 (cases where section 747(3) does not...

s.sch001 In Schedule 26 (reliefs against liability for tax in respect...

s.sch001 (1) Amend Schedule 27 (distributing funds) as follows.

s.sch001 Omit section 75B (amounts reversing expenses of management deducted: charge...

s.sch001 (1) Amend Schedule 28A (change in ownership of company with...

s.sch001 (1) Amend Schedule 28AA (provision not at arm's length) as...

s.sch001 (1) Amend Schedule 30 (transitional provisions and savings) as follows....

s.sch001 The Finance Act 1950 is amended as follows.

s.sch001 In section 39(3) (treatment for taxation purposes of enemy debts...

s.sch001 The Taxes Management Act 1970 is amended as follows.

s.sch001 In section 12(5) (information about chargeable gains) for “section 100(2)...

s.sch001 Omit section 12AE (choice between different Cases of Schedule D)....

s.sch001 In section 17 (interest paid or credited by banks, building...

s.sch001 In section 18 (interest paid without deduction of income tax)...

s.sch001 Omit section 8 (general scheme of corporation tax).

s.sch001 (1) Amend section 76 (expenses of insurance companies) as follows....

s.sch001 (1) Amend section 19 (information for purposes of charge on...

s.sch001 Omit section 31(3) (appeals: right of appeal).

s.sch001 In section 42(7) (procedure for making claims etc)—

s.sch001 In section 46B(5) (questions to be determined by Special Commissioners),...

s.sch001 In section 71(1) (bodies of persons) omit the words from...

s.sch001 In section 87A(4A)(b) (interest on overdue corporation tax etc) for...

s.sch001 (1) Amend section 90 (disallowance of relief for interest on...

s.sch001 (1) Amend section 98 (special returns, etc) as follows.

s.sch001 After section 109 insert— Residence of companies Chapter 3 of Part 2 of CTA 2009 (rules for...

s.sch001 In section 118 (interpretation) at the appropriate place insert— “CTA...

s.sch001 After section 76 insert— Payments for restrictive undertakings Payments for...

s.sch001 In Schedule 3 (rules for assigning proceedings to General Commissioners),...

s.sch001 The Finance Act 1973 is amended as follows.

s.sch001 In paragraph 2(a) of Schedule 15 (territorial extension of charge...

s.sch001 The Oil Taxation Act 1975 is amended as follows.

s.sch001 In section 3(2) (allowance of expenditure (other than expenditure on...

s.sch001 The Inheritance Tax Act 1984 is amended as follows.

s.sch001 (1) Amend section 91 (administration period) as follows.

s.sch001 In section 94(2)(a) (charge on participators) for “section 208 of...

s.sch001 The Films Act 1985 is amended as follows.

s.sch001 In paragraph 1(1) of Schedule 1 (certification of British films...

s.sch001 After section 76ZA insert— Seconded employees Employees seconded to charities...

s.sch001 The Airports Act 1986 is amended as follows.

s.sch001 In section 77(3) (corporation tax) for “Chapter II of Part...

s.sch001 The Finance Act 1986 is amended as follows.

s.sch001 In section 78(7)(d) (loan capital) after “2005” insert “ or...

s.sch001 In section 79 (loan capital: new provisions)—

s.sch001 In section 99(9A) (interpretation) after “2005” insert “ or section...

s.sch001 The Gas Act 1986 is amended as follows.

s.sch001 In section 60(3) (tax provisions) for “Chapter II of Part...

s.sch001 The British Steel Act 1988 is amended as follows.

s.sch001 In section 11(7) (corporation tax) for “Chapter II of Part...

s.sch001 After section 76ZB insert— Counselling and retraining expenses Counselling and...

s.sch001 The Finance Act 1988 is amended as follows.

s.sch001 Omit section 65 (commercial woodlands).

s.sch001 Omit section 66 (company residence).

s.sch001 Omit section 66A (residence of SE or SCE).

s.sch001 Omit section 73(2) to (4) (consideration for certain restrictive undertakings)....

s.sch001 Omit Schedule 6 (commercial woodlands).

s.sch001 Omit Schedule 7 (exceptions to the rule in section 66(1))....

s.sch001 In paragraph 3 of Schedule 12 (building societies: change of...

s.sch001 The Finance Act 1989 is amended as follows.

s.sch001 Omit section 43 (Schedule D: computation (unpaid remuneration)).

s.sch001 After section 76ZC insert— Retraining courses (1) This section applies if— (a) a company carrying on...

s.sch001 Omit section 44 (companies with investment business and insurance companies:...

s.sch001 In section 82(1) (calculation of profits: bonuses etc ) for...

s.sch001 In section 82D(2) (treatment of profits: life assurance_adjustment consequent on...

s.sch001 In section 82E(7) (section 82D: treatment of transferors under insurance...

s.sch001 (1) Amend section 83 (receipts to be taken into account)...

s.sch001 (1) Amend section 83YC (FAFTS: charge in relevant period of...

s.sch001 In section 83YD(3)(a) (FAFTS: deduction in subsequent periods of account)...

s.sch001 (1) Amend section 83YF (financial reinsurance arrangements: further provision) as...

s.sch001 (1) Amend section 85 (charge of certain receipts of basic...

s.sch001 (1) Amend section 85A (excess adjusted Case I profits) as...

s.sch001 After section 76ZD insert— Retraining courses: recovery of tax (1) This section applies if— (a) an employer's liability to...

s.sch001 In section 88(3)(b) (corporation tax: policy holders' share of profits)...

s.sch001 (1) Amend section 89 (policy holders' share of profits) as...

s.sch001 The Finance Act 1990 is amended as follows.

s.sch001 Omit section 126(2) and (3) (pools payments for football ground...

s.sch001 In Schedule 14 (amendments correcting errors in ICTA) omit paragraph...

s.sch001 The Finance Act 1991 is amended as follows.

s.sch001 For section 65(5) (reimbursement by defaulter in respect of certain...

s.sch001 Omit section 121(2) and (3) (pools payments to support games...

s.sch001 The Taxation of Chargeable Gains Act 1992 is amended as...

s.sch001 In section 1(2) (the charge to tax) for “section 6...

s.sch001 After section 76ZE insert— Redundancy payments etc Redundancy payments and...

s.sch001 In section 10B (non-resident company with United Kingdom permanent establishment)...

s.sch001 In section 33A (value shifting: modification of sections 30 to...

s.sch001 In section 40(4) (interest charged to capital) after “relationships)” insert...

s.sch001 In section 41(4) (restriction of losses by reference to capital...

s.sch001 In section 48(4) (consideration due after time of disposal) for...

s.sch001 (1) Amend section 59 (partnerships) as follows.

s.sch001 (1) Amend section 116 (reorganisations, conversions and reconstructions) as follows....

s.sch001 After section 116 insert— Holding beginning or ceasing to fall...

s.sch001 In section 117(6D) (meaning of “qualifying corporate bond”) after “section...

s.sch001 In section 143(1) (commodity and financial futures and qualifying options)—...

s.sch001 After section 76ZF insert— Payments in respect of employment wholly...

s.sch001 After section 151D insert— Exchange gains and losses from loan...

s.sch001 In section 156(4) (assets of Class 1)—

s.sch001 After section 156 insert— Intangible fixed assets: roll-over relief (1) This section applies if a company is entitled to...

s.sch001 In section 158(2) (activities other than trades, and interpretation) omit...

s.sch001 In section 161(3)(a) (appropriations to and from stock) for “under...

s.sch001 In section 170(9)(c) (interpretation of sections 171 to 181) omit...

s.sch001 In section 171(3A) (transfers within a group: general provisions) for...

s.sch001 Omit section 201(2) (relationship between section 201 of TCGA 1992...

s.sch001 For section 203(1) substitute— (1) Sections 274 to 276 of...

s.sch001 (1) Amend section 210A (ring-fencing of losses) as follows.

s.sch001 After section 76ZG insert— Payments in respect of employment in...

s.sch001 (1) Amend section 241 (furnished holiday lettings) as follows.

s.sch001 In section 251(8) (general provisions) omit— (a) paragraph (a), and...

s.sch001 In section 253(3) (relief for loans to traders) for “Chapter...

s.sch001 In section 275B (section 275A: supplementary provisions) for subsection (3)...

s.sch001 After section 286 insert— Residence of companies Chapter 3 of Part 2 of CTA 2009 (rules for...

s.sch001 In section 288(1) (interpretation)— (a) at the appropriate place insert—...

s.sch001 In Schedule 7AC (exemptions for disposals by companies with substantial...

s.sch001 In Schedule 7D (approved share schemes and share incentives), in...

s.sch001 (1) Amend Schedule 8 (leases) as follows.

s.sch001 The Finance ( No. 2) Act 1992 is amended as...

s.sch001 After section 76ZH insert— Additional payments (1) This section applies if the employer's business, or part...

s.sch001 (1) Amend paragraph 3 of Schedule 12 (banks etc in...

s.sch001 The Finance Act 1994 is amended as follows.

s.sch001 (1) Amend section 219 (Lloyd's underwriters: taxation of profits) as...

s.sch001 In section 220(3) (accounting period in which certain profits or...

s.sch001 In section 225(4) (stop-loss and quota share insurance) in the...

s.sch001 In section 226(3) (provisions which are not to apply) for...

s.sch001 In section 229(1)(ca) (regulations) for sub-paragraph (ii) substitute—

s.sch001 Omit sections 249 and 250 (certain companies treated as non-resident)....

s.sch001 In paragraph 20(1) of Schedule 24 (provisions relating to the...

s.sch001 The Finance Act 1995 is amended as follows.

s.sch001 (1) Amend section 9 (computation of income: application of income...

s.sch001 After section 76ZI insert— Payments by the Government (1) This section applies if— (a) a redundancy payment or...

s.sch001 In section 126(7A) (UK representatives of non-residents) omit paragraph (b)...

s.sch001 In section 127(1) (persons not treated as UK representatives)—

s.sch001 The Finance Act 1996 is amended as follows.

s.sch001 Omit section 80 (taxation of loan relationships).

s.sch001 Omit section 81 (meaning of “loan relationship” etc).

s.sch001 Omit section 82 (methods of bringing amounts into account).

s.sch001 Omit section 83 (non-trading deficit on loan relationships).

s.sch001 Omit section 84 (debits and credits brought into account).

s.sch001 Omit section 84A (exchange gains and losses from loan relationships)....

s.sch001 Omit section 85A (computation in accordance with generally accepted accounting...

s.sch001 After section 76ZJ insert— Contributions to local enterprise organisations or...

s.sch001 Omit section 85B (amounts recognised in determining a company's profit...

s.sch001 Omit section 85C (amounts not fully recognised for accounting purposes)....

s.sch001 Omit section 87 (accounting method where parties have a connection)....

s.sch001 Omit section 87A (meaning of “control” in section 87).

s.sch001 Omit section 88 (exemption from section 87 in certain cases)....

s.sch001 Omit section 88A (accounting method where rate of interest is...

s.sch001 Omit section 90A (change of accounting basis applicable to assets...

s.sch001 Omit section 91A (shares subject to outstanding third party obligations)....

s.sch001 Omit section 91B (non-qualifying shares).

s.sch001 Omit section 91C (Condition 1 for section 91B(6)(b)).

s.sch001 After section 76ZK insert— Unpaid remuneration Unpaid remuneration (1) This section applies if— (a) an amount is charged...

s.sch001 Omit section 91D (Condition 2 for section 91B(6)(b)).

s.sch001 Omit section 91E (Condition 3 for section 91B(6)(b)).

s.sch001 Omit section 91F (power to add, vary or remove Conditions...

s.sch001 Omit section 91G (shares beginning or ceasing to be subject...

s.sch001 Omit section 91H (payments in return for capital contribution).

s.sch001 Omit section 91I (change of partnership shares).

s.sch001 Omit section 93C (creditor relationships and benefit derived by connected...

s.sch001 Omit section 94 (indexed gilt-edged securities).

s.sch001 Omit section 94A (loan relationships with embedded derivatives).

s.sch001 Omit section 94B (loan relationships treated differently by connected debtor...

s.sch001 After section 76ZL insert— Unpaid remuneration: supplementary (1) For the purposes of section 76ZL an amount charged...

s.sch001 Omit section 95 (gilt strips).

s.sch001 Omit section 96 (special rules for certain other gilts).

s.sch001 Omit section 97 (manufactured interest).

s.sch001 Omit section 98 (collective investment schemes).

s.sch001 Omit section 99 (insurance companies).

s.sch001 Omit section 100 (money debts etc not arising from the...

s.sch001 Omit section 101 (financial instruments).

s.sch001 Omit section 103 (interpretation of Chapter).

s.sch001 In section 154 (FOTRA securities), omit subsections (2), (3), (5),...

s.sch001 In section 203(9) (modification of the Agriculture Act 1993) for...

s.sch001 After section 76ZM insert— Car or motor cycle hire Car...

s.sch001 Omit Schedule 8 (loan relationships: claims etc relating to deficits)....

s.sch001 Omit Schedule 9 (loan relationships: special computational provisions).

s.sch001 Omit Schedule 10 (loan relationships: collective investment schemes).

s.sch001 Omit Schedule 11 (loan relationships: special provisions for insurers).

s.sch001 (1) Amend Schedule 15 (loan relationships: savings and transitional provisions)...

s.sch001 The Broadcasting Act 1996 is amended as follows.

s.sch001 (1) Amend Schedule 7 (transfer schemes relating to BBC transmission...

s.sch001 The Finance Act 1997 is amended as follows.

s.sch001 In Schedule 12 (leasing arrangements: finance leases and loans), in...

s.sch001 The Finance (No. 2) Act 1997 is amended as follows....

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 40 (carry-back of loan relationship deficits).

s.sch001 The Finance Act 1998 is amended as follows.

s.sch001 Omit section 42 (computation of profits of trade, profession or...

s.sch001 In section 46 (minor and consequential provisions about computations) omit...

s.sch001 (1) Amend Schedule 18 (company tax returns, assessments and related...

s.sch001 The Finance Act 1999 is amended as follows.

s.sch001 Omit section 54 (tax treatment of reverse premiums).

s.sch001 Omit section 63 (treatment of transfer fees under existing contracts)....

s.sch001 (1) Amend section 81 (acquisitions disregarded under insurance companies concession)...

s.sch001 Omit Schedule 6 (tax treatment of receipts by way of...

s.sch001 Omit section 76A (levies and repayments under FISMA 2000).

s.sch001 The Commonwealth Development Corporation Act 1999 is amended as follows....

s.sch001 (1) Amend paragraph 6 of Schedule 3 (tax) as follows....

s.sch001 The Finance Act 2000 is amended as follows.

s.sch001 (1) Amend section 46 (exemption for small trades etc) as...

s.sch001 Omit section 50 (phasing out of relief for payments to...

s.sch001 Omit section 69(1) (which introduces Schedule 20).

s.sch001 Omit section 143(2) (power to provide incentives to use electronic...

s.sch001 In Schedule 12 (provision of services through an intermediary) omit...

s.sch001 In Schedule 15 (the corporate venturing scheme) in paragraph 60(1)...

s.sch001 Omit Schedule 20 (tax relief for expenditure on research and...

s.sch001 Omit section 76B (levies and repayments under the FISMA 2000:...

s.sch001 (1) Amend Schedule 22 (tonnage tax) as follows.

s.sch001 The Transport Act 2000 is amended as follows.

s.sch001 (1) Amend Schedule 7 (transfer schemes: tax) as follows.

s.sch001 (1) Amend Schedule 26 (transfers: tax) as follows.

s.sch001 The Capital Allowances Act 2001 is amended as follows.

s.sch001 In section 2(4) (general means of giving effect to capital...

s.sch001 In section 15(1)(f) (qualifying activities) for “section 55(2) of ICTA”...

s.sch001 In section 16 (ordinary property business) omit “, or a...

s.sch001 (1) Amend section 17 (furnished holiday lettings) as follows.

s.sch001 (1) Amend section 18 (managing investments of a company with...

s.sch001 Omit section 79 (contributions to local enterprise agencies).

s.sch001 In section 28(2B)(a) (thermal insulation of buildings) for “section 31ZA...

s.sch001 In section 38 (production animals etc) for paragraphs (a) and...

s.sch001 (1) Amend section 63 (cases in which disposal value is...

s.sch001 In section 105(3)(a) (“profits chargeable to tax”) for “section 830(4)...

s.sch001 (1) Amend section 106 (the designated period) as follows.

s.sch001 (1) Amend section 108 (effect of disposal to connected person...

s.sch001 (1) Amend section 112 (excess allowances: connected persons) as follows....

s.sch001 (1) Amend section 115 (prohibited allowances: connected persons) as follows....

s.sch001 (1) Amend section 122 (short-term leasing by buyer, lessee, etc)...

s.sch001 (1) Amend section 125 (other qualifying purposes) as follows.

s.sch001 Omit section 79A (contributions to training and enterprise councils and...

s.sch001 In section 252 (mines, transport undertakings etc) for “section 55(2)...

s.sch001 (1) Amend section 253 (companies with investment business) as follows....

s.sch001 (1) Amend section 256 (different giving effect rules for different...

s.sch001 In section 257(2)(a) (supplementary) for “Case I” substitute “ life...

s.sch001 In section 260(8) (special leasing: corporation tax (excess allowance)) for...

s.sch001 (1) Amend section 263 (qualifying activities carried on in partnership)...

s.sch001 (1) Amend section 265 (successions: general) as follows.

s.sch001 In section 282 (buildings outside the United Kingdom) for the...

s.sch001 In section 291(3)(a) (supplementary provisions with respect to elections) for...

s.sch001 In section 326(1) (interpretation of section 325), in the definition...

s.sch001 In section 11 (companies not resident in United Kingdom) omit...

s.sch001 Omit section 79B (contributions to urban regeneration companies).

s.sch001 In section 331(1)(b) (meaning of “capital value”) for sub-paragraph (i)...

s.sch001 (1) Amend section 353 (lessors and licensors) as follows.

s.sch001 (1) Amend section 354 (buildings temporarily out of use) as...

s.sch001 In section 390(1) (interpretation of section 389), in the definition...

s.sch001 (1) Amend section 392 (UK property business and Schedule A...

s.sch001 In section 393B(4) (meaning of “qualifying expenditure”) omit “or Schedule...

s.sch001 In section 393J(3)(a) (entitlement to writing-down allowances) for “section 38(1)...

s.sch001 (1) Amend section 393T (giving effect to allowances and charges)...

s.sch001 (1) Amend section 406 (reduction where premium relief previously allowed)...

s.sch001 In section 454(1)(c) (qualifying expenditure) for “section 531(3)(a) of ICTA”...

s.sch001 Omit section 82A (expenditure on research and development).

s.sch001 In section 455(4) (excluded expenditure) for “section 531(2) of ICTA”...

s.sch001 In section 462(3) (disposal values) for “section 531(2) of ICTA”...

s.sch001 In section 481(5)(b) (anti-avoidance: limit on qualifying expenditure) for “section...

s.sch001 In section 483(c) (meaning of “income from patents”) for “section...

s.sch001 In section 488(3)(a) (balancing allowances) for “section 18 of ITTOIA...

s.sch001 (1) Amend section 529 (giving effect to allowances and charges)...

s.sch001 In section 536(5)(a)(v) (contributions not made by public bodies and...

s.sch001 In section 545(4) (investment assets) for “Case I of Schedule...

s.sch001 (1) Amend section 558 (effect of partnership changes) as follows....

s.sch001 (1) Amend section 559 (effect of successions) as follows.

s.sch001 Omit section 82B (payments to research associations, universities etc).

s.sch001 (1) Amend section 577 (other definitions) as follows.

s.sch001 (1) Amend Schedule A1 (first-year tax credits) as follows.

s.sch001 (1) Amend Schedule 1 (abbreviations and defined expressions) as follows....

s.sch001 The Finance Act 2001 is amended as follows.

s.sch001 Omit section 70(1) and (2) (which introduces Schedule 22).

s.sch001 Omit Schedule 22 (remediation of contaminated land).

s.sch001 The Finance Act 2002 is amended as follows.

s.sch001 Omit section 53 (which introduces Schedule 12 to that Act)....

s.sch001 Omit section 54 (which introduces Schedules 13 and 14 to...

s.sch001 Omit section 55 (gifts of medical supplies and equipment).

s.sch001 Omit section 83 (patent fees etc and expenses).

s.sch001 Omit section 64 (adjustment on change of basis).

s.sch001 (1) Amend section 65 (postponement of change to mark to...

s.sch001 Omit section 71 (accounting method where rate of interest etc...

s.sch001 In section 81(3)(b) (transitional provision) for “Chapter 2 of Part...

s.sch001 In section 83 (derivative contracts) omit subsections (1)(a) and (2)....

s.sch001 Omit section 84(1) (gains and losses from intangible fixed assets...

s.sch001 Omit Schedule 12 (tax relief for expenditure on research and...

s.sch001 Omit Schedule 13 (tax relief for expenditure on vaccine research...

s.sch001 In Schedule 16 (community investment tax relief) in paragraph 27(4)...

s.sch001 (1) Amend Schedule 18 (relief for community amateur sports clubs)...

s.sch001 Omit section 83A (gifts in kind to charities etc).

s.sch001 Omit Schedule 22 (computation of profits: adjustment on change of...

s.sch001 (1) Amend Schedule 23 (exchange gains and losses from loan...

s.sch001 In Schedule 25 (loan relationships) omit paragraphs 61 to 64....

s.sch001 Omit Schedule 26 (derivative contracts).

s.sch001 (1) Schedule 28 (derivative contracts: transitional provisions etc) is amended...

s.sch001 Omit Schedule 29 (gains and losses of a company from...

s.sch001 The Proceeds of Crime Act 2002 is amended as follows....

s.sch001 (1) Amend Schedule 10 (tax) as follows.

s.sch001 The Income Tax (Earnings and Pensions) Act 2003 is amended...

s.sch001 In section 61(1) (interpretation) in the definition of “business” for...

s.sch001 Omit section 84 (gifts to educational establishments).

s.sch001 In section 178(d) (exception for loans where interest qualifies for...

s.sch001 In section 180(5)(d) (threshold for benefit of loan to be...

s.sch001 (1) Amend section 357 (business entertainment and gifts: exception where...

s.sch001 In section 420(1)(h) (meaning of securities etc) at the end...

s.sch001 (1) Amend section 515 (which refers to other provisions which...

s.sch001 In section 702(5B) (which sets out what shares are corporation...

s.sch001 In Schedule 1 (abbreviations and defined expressions)—

s.sch001 In Schedule 2 (approved share incentive plans), in paragraph 85(1)(c),...

s.sch001 The Finance Act 2003 is amended as follows.

s.sch001 Omit section 141 (corporation tax for employee share acquisitions).

s.sch001 (1) Amend section 84A (costs of establishing share option or...

s.sch001 Omit section 143 (restriction of deductions for employee benefit contributions)....

s.sch001 In section 148 (meaning of “permanent establishment”)—

s.sch001 (1) Amend section 150 (non-resident companies: assessment, collection and recovery...

s.sch001 In section 152(2) (non-resident companies: transactions carried out through broker,...

s.sch001 After section 177(4) (currency contracts and currency options) insert—

s.sch001 In section 195(9)(b) (companies acquiring their own shares) for the...

s.sch001 Omit Schedule 23 (corporation tax relief for employee share acquisitions)....

s.sch001 Omit Schedule 24 (restriction of deductions for employee benefit contributions)....

s.sch001 In paragraph 5A(2) of Schedule 26 (non-resident companies: transactions through...

s.sch001 The Finance Act 2004 is amended as follows.

s.sch001 Omit section 85 (payments to trustees of approved profit sharing...

s.sch001 In section 71 (collection and recovery of sums to be...

s.sch001 Other enactments

s.sch001 (1) Amend section 131 (companies in partnership) as follows.

s.sch001 (1) Amend section 196 (relief for employers in respect of...

s.sch001 In section 196A(4) (power to restrict relief)—

s.sch001 In section 197(10) (spreading of relief)— (a) in paragraph (a),...

s.sch001 In section 199A(10) (indirect contributions)— (a) in paragraph (a) for...

s.sch001 In section 200 (no other relief for employers in respect...

s.sch001 (1) Amend section 246 (restriction of deduction for non-contributory provision)...

s.sch001 In section 246A(4) (case where no relief for provision by...

s.sch001 Omit section 85A (costs of establishing employee share ownership trust:...

s.sch001 In section 280(1) (abbreviations and general index)—

s.sch001 (1) Amend Schedule 26 (offshore funds) as follows.

s.sch001 The Energy Act 2004 is amended as follows.

s.sch001 (1) Amend section 27 (tax exemption for NDA activities) as...

s.sch001 (1) Amend section 28 (taxation of activities of the Nuclear...

s.sch001 In section 44(2) (extinguishment of BNFL losses for tax purposes)—...

s.sch001 (1) Amend Schedule 9 (taxation provisions relating to nuclear transfer...

s.sch001 The Income Tax (Trading and Other Income) Act 2005 is...

s.sch001 In section 22(2)(b) (payments for wayleaves) for “would otherwise be...

s.sch001 (1) Amend section 48 (car or motor cycle hire) as...

s.sch001 Omit section 85B (which introduces Schedule 4AA).

s.sch001 In section 49(2)(b) (car or motor cycle hire: supplementary) after...

s.sch001 In section 60(6) (tenants under taxed leases: introduction) after “288”...

s.sch001 (1) Amend section 64 (restriction on section 61 expenses: lease...

s.sch001 In section 65(1)(a) (restrictions on section 61 expenses: lease of...

s.sch001 In the title of section 66 (corporation tax receipts treated...

s.sch001 (1) Amend section 67 (restrictions on section 61 expenses: corporation...

s.sch001 (1) Amend section 71 (educational establishments) as follows.

s.sch001 Omit section 79(2) (additional payments: change in persons carrying on...

s.sch001 After section 79 insert— Additional payments: change in the persons...

s.sch001 In section 80(2) (payments made by the Government) for “79”...

s.sch001 Omit section 11AA (determination of profits attributable to permanent establishment)....

s.sch001 Omit section 86 (employees seconded to charities and educational establishments)....

s.sch001 In section 88(6)(b) (payments to research associations, universities etc) before...

s.sch001 (1) Amend section 155 (levies and repayments under FISMA 2000)...

s.sch001 In section 158(1)(d) (lease premiums etc: reduction of receipts) for...

s.sch001 In section 170(3)(b) (deduction for capital expenditure) for “section 91(1)(b)...

s.sch001 In section 171(2)(d) (allocation of ancillary capital expenditure) for “section...

s.sch001 In section 175(2) (basis of valuation of trading stock)—

s.sch001 In section 176(1)(a) (sale basis of valuation: sale to unconnected...

s.sch001 In section 177(1)(a) (sale basis of valuation: sale to connected...

s.sch001 In section 178(1)(a) (sale basis of valuation: election by connected...

s.sch001 (1) Amend section 180 (cost to buyer of stock valued...

s.sch001 Omit section 86A (charitable donations: contributions to agent's expenses).

s.sch001 In section 184(1) (basis of valuation of work in progress)—...

s.sch001 In section 194(7) (disposal of know-how as part of disposal...

s.sch001 In section 246(2) (basic meaning of “post-cessation receipt”) for the...

s.sch001 In section 249(3) (debts released after cessation) for the words...

s.sch001 In section 276(3) (introduction to Chapter 4 of Part 3)...

s.sch001 In section 279(3) for “or of” substitute “ of or...

s.sch001 In the title of section 281 (sums payable for variation...

s.sch001 (1) Amend section 287 (circumstances in which additional calculation rule...

s.sch001 (1) Amend section 288 (the additional calculation rule) as follows....

s.sch001 (1) Amend section 290 (meaning of “unused amount” and “unreduced...

s.sch001 Omit sections 87 and 87A (taxable premiums etc).

s.sch001 (1) Amend section 293 (restrictions on section 292 expenses: the...

s.sch001 For section 294(1)(c) (restriction on section 292 expenses: lease of...

s.sch001 For section 295(2)(b) (limit on reductions and deductions) substitute—

s.sch001 In section 296(1)(a) (corporation tax receipts treated as taxed receipts)...

s.sch001 In section 298 (taking account of deductions for rent as...

s.sch001 In section 299(1)(b) (payment of tax by instalments) for “term”...

s.sch001 (1) Amend section 303 (rules for determining effective duration of...

s.sch001 (1) Amend section 304 (applying the rules in section 303)...

s.sch001 In section 318(4) for “section 30 of ICTA” substitute “...

s.sch001 (1) Amend section 356 (application to Schedule A businesses) as...

s.sch001 Omit section 88 (payments to Export Credits Guarantee Department).

s.sch001 In section 413(4) (person liable) for paragraph (b) substitute—

s.sch001 In section 419(2) (loans and advances to persons who die)...

s.sch001 In section 466(3) (person liable: personal representatives) for “section 701(8)...

s.sch001 In section 496(7) (modification of section 494: qualifying endowment policies...

s.sch001 In section 671 (successive absolute interests)— (a) at the end...

s.sch001 After section 749 insert— Interest on tax overpaid No liability to income tax arises in respect of interest...

s.sch001 In section 754(1) (redemption of funding bonds) for “section 582(1)...

s.sch001 (1) Amend section 839 (annual payments payable out of relevant...

s.sch001 In section 847(2) (partnerships: general provisions), in the words before...

s.sch001 In section 849 (calculation of firm's profits or losses) after...

s.sch001 Omit section 88D (restriction of deductions in respect of certain...

s.sch001 For section 850 (allocation of firm's profits or losses between...

s.sch001 (1) Amend section 860 (adjustment income) as follows.

s.sch001 For section 861 (sale of patent rights: effect of partnership...

s.sch001 (1) Amend section 862 (sale of patent rights: effect of...

s.sch001 Omit section 881 (disapplication of corporation tax: section 9 of...

s.sch001 (1) Amend Schedule 1 (consequential amendments) as follows.

s.sch001 (1) Amend Schedule 2 (transitionals and savings etc) as follows....

s.sch001 (1) Amend Schedule 4 (abbreviations and defined expressions) as follows....

s.sch001 The Finance Act 2005 is amended as follows.

s.sch001 In section 47A(6) (alternative finance arrangements: diminishing shared ownership) for...

s.sch001 Omit section 89 (debts proving to be irrecoverable after discontinuance...

s.sch001 In section 48A (alternative finance arrangements: alternative finance bond: introduction)...

s.sch001 In section 48B (alternative finance arrangements: alternative finance investment bond:...

s.sch001 In section 49(2) (alternative finance arrangements: deposit) for “profit share...

s.sch001 In section 49A (alternative finance arrangements: profit share agency)—

s.sch001 Omit section 50 (treatment of alternative finance arrangements: companies).

s.sch001 In section 51 (treatment of alternative finance arrangements: persons other...

s.sch001 In section 52 (provision not at arm's length)—

s.sch001 Omit section 54 (return not to be treated as distribution)....

s.sch001 In section 54A (treatment of section 47, 49 and 49A...

s.sch001 In section 55 (further provisions) omit “, corporation tax”.

s.sch001 Omit section 90 (additional payments to redundant employees).

s.sch001 In section 56 (application of Chapter)— (a) in subsections (2)...

s.sch001 In section 57 (interpretation of Chapter)— (a) in the definition...

s.sch001 In section 83(8) (application of accounting standards to securitisation companies)...

s.sch001 In section 105 (interpretation) after the definition of “CAA 2001”...

s.sch001 (1) Amend Schedule 2 (alternative finance arrangements: further provisions) as...

s.sch001 In Schedule 4 (accounting practice and related matters) omit paragraphs...

s.sch001 The Railways Act 2005 is amended as follows.

s.sch001 (1) Amend Schedule 10 (taxation provisions relating to transfer schemes)...

s.sch001 The Finance (No. 2) Act 2005 is amended as follows....

s.sch001 In section 18 (section 17(3): specific powers) for subsection (2)(c)...

s.sch001 Omit section 91 (cemeteries).

s.sch001 (1) Amend section 26 (receipts cases) as follows.

s.sch001 In section 27(2) (rule as to qualifying payment) for the...

s.sch001 In section 71 (interpretation) after the definition of “CAA 2001”...

s.sch001 In Schedule 6 (accounting practice and related matters)—

s.sch001 In Schedule 7 (avoidance involving financial arrangements) in paragraph 14—...

s.sch001 The Finance Act 2006 is amended as follows.

s.sch001 Omit sections 31 to 41 (provisions about films, in particular...

s.sch001 In section 42(2) (film tax relief: further provisions) omit—

s.sch001 Omit sections 43 to 45 (film losses).

s.sch001 At the end of each of sections 46 and 47...

s.sch001 Omit section 91A (waste disposal: restoration payments).

s.sch001 Omit sections 48 to 50 (sound recordings).

s.sch001 Omit section 52 (films: application of provisions to certain films...

s.sch001 Omit section 53(2) (films and sound recordings: commencement etc).

s.sch001 In section 97 (beneficial loans to employees)—

s.sch001 In section 104(1) (property rental business)— (a) in paragraph (a)—...

s.sch001 In section 112 (entry charge) for subsection (1) substitute—

s.sch001 In section 115(4) (profit: financing-cost ratio)— (a) in paragraph (a)...

s.sch001 In section 117(3)(b) (cancellation of tax advantage) omit “under Case...

s.sch001 (1) Amend section 120 (calculation of profits) as follows.

s.sch001 (1) Amend section 121 (distributions: liability to tax) as follows....

s.sch001 Omit sections 91B and 91BA (waste disposal: preparation expenditure).

s.sch001 In section 136(2) (availability of group reliefs) for paragraphs (d)...

s.sch001 In section 139(2) (manufactured dividends), in the provision substituted for...

s.sch001 In section 179 (interpretation) after the definition of “CAA 2001”...

s.sch001 Omit Schedule 4 (taxation of activities of film production company)....

s.sch001 In Schedule 5 (film tax relief: further provisions)—

s.sch001 (1) Amend Schedule 10 (sale etc of lessor companies etc...

s.sch001 (1) Amend Schedule 15 (accountancy change: spreading of adjustment), Part...

s.sch001 (1) Amend Schedule 16 (real estate investment trusts: excluded business...

s.sch001 (1) Amend Schedule 17 (group real estate investment trusts: modifications)...

s.sch001 The Income Tax Act 2007 is amended as follows.

s.sch001 Omit section 12(1) to (7ZA) and (9) (basis of, and...

s.sch001 Omit section 91C (mineral exploration and access).

s.sch001 For section 5 substitute— Income tax and companies Section 3 of CTA 2009 disapplies the provisions of the...

s.sch001 In section 276(3) (conditions relating to income) for “paragraph 14(3)...

s.sch001 In section 489(6) (the “applicable period” in relation to shares)...

s.sch001 In section 550(a) (meaning of “relievable gift”) for “section 83A...

s.sch001 In section 557(1)(b)(ii) (substantial donor transactions: supplementary) after “2005” insert...

s.sch001 (1) Amend section 835 (residence rules for trustees and companies)...

s.sch001 After section 835 insert— Residence of companies Chapter 3 of Part 2 of CTA 2009 (rules for...

s.sch001 In section 899(4)(b) (meaning of “qualifying annual payment”) for “charged...

s.sch001 In section 904 (annual payments for dividends or non-taxable consideration)...

s.sch001 (1) Amend section 910 (proceeds of a sale of patent...

s.sch001 Omit section 92 (regional development grants).

s.sch001 In section 934(4) (non-UK resident companies) for “section 11(2) of...

s.sch001 In section 937(5)(c) (partnerships)— (a) for “section 11(2) of ICTA”...

s.sch001 In section 939(1)(b) (duty to retain bonds where issue treated...

s.sch001 (1) Amend section 941 (deemed payments to unit holders and...

s.sch001 In section 948(2) (meaning of “accounting period”) for the words...

s.sch001 In section 965(2) (overview of sections 966 to 970) for...

s.sch001 (1) Amend section 971 (income tax in respect of non-resident...

s.sch001 In section 976(6) (arrangements for payments of interest less tax...

s.sch001 In section 980(2) (derivative contracts: exception from duties to deduct)...

s.sch001 In section 989 (definitions) omit the definition of “Schedule A...

s.sch001 Omit section 93 (other grants under Industrial Development Act 1982...

s.sch001 In section 1017 (abbreviated references to Acts) after the definition...

s.sch001 In Schedule 4 (index of defined expressions) omit the entry...

s.sch001 The Finance Act 2007 is amended as follows.

s.sch001 In section 113 (interpretation) after the definition of “CRCA 2005”...

s.sch001 In Schedule 3 (managed service companies) omit paragraph 10.

s.sch001 (1) Amend Schedule 7 (insurance business: gross roll-up business etc)...

s.sch001 (1) Amend Schedule 13 (sale and repurchase of securities) as...

s.sch001 In paragraph 28(fa) of Schedule 24 (penalties for errors)—

s.sch001 The Finance Act 2008 is amended as follows.

s.sch001 Omit section 29 (cap on R&D aid).

s.sch001 Omit section 94 (debts deducted and subsequently released).

s.sch001 Omit section 36(1) (company gains from investment life insurance contracts...

s.sch001 In section 77(6), in the words after paragraph (b) for...

s.sch001 In section 165(1) (interpretation) after the definition of “CRCA 2005”...

s.sch001 In Schedule 10 (cap on R&D aid), omit paragraphs 1...

s.sch001 Omit Schedule 13 (company gains from investment life insurance contracts)....

s.sch001 In Schedule 15 (changes in trading stock), omit Part 2....

s.sch001 In Schedule 25 (first-year tax credits)— (a) in paragraph 14(6)(b)...

s.sch001 The Crossrail Act 2008 is amended as follows.

s.sch001 (1) Amend Schedule 13 (transfer schemes: tax provisions) as follows....

s.sch001 Omit section 95 (taxation of dealers in respect of distributions...

s.sch001 In section 95ZA(1) (taxation of UK distributions received by insurance...

s.sch001 Omit section 97 (treatment of farm animals etc).

s.sch001 Omit section 98 (tied premises: receipts and expenses treated as...

s.sch001 Omit section 99 (dealers in land).

s.sch001 Omit section 100 (valuation of trading stock at discontinuance of...

s.sch001 Omit section 15 (Schedule A).

s.sch001 Omit section 101 (valuation of work in progress at discontinuance...

s.sch001 Omit section 102 (provisions supplementary to sections 100 and 101)....

s.sch001 Omit sections 103 to 106 (Case VI charges on receipts)....

s.sch001 Omit section 110 (interpretation etc).

s.sch001 Omit section 111(1) (treatment of partnerships).

s.sch001 Omit sections 114 and 115 (special rules for computing profits...

s.sch001 Income and Corporation Taxes Act 1988

s.sch001 Omit section 118ZA (treatment of limited liability partnerships).

s.sch001 Omit section 119 (rent etc payable in connection with mines,...

s.sch001 Omit section 120 (rent etc payable in respect of electric...

s.sch001 Omit section 18 (Schedule D).

s.sch001 Omit section 121 (management expenses of owner of mineral rights)....

s.sch001 Omit section 122 (relief in respect of mineral royalties).

s.sch001 Omit section 125 (annual payments for dividends or non-taxable consideration)....

s.sch001 Omit section 128(2) and (3) (commodity and financial futures etc:...

s.sch001 (1) Amend section 130 (meaning of “company with investment business”...

s.sch001 In section 187(10) (interpretation of sections 185 and 186) for...

s.sch001 Omit section 208 (UK company distributions not generally chargeable to...

s.sch001 Income and Corporation Taxes Act 1988

s.sch002 The repeal of provisions and their enactment in a rewritten...

s.sch002 (1) This paragraph applies if, in the case of any...

s.sch002 (1) Sub-paragraphs (2) and (3) apply in relation to any...

s.sch002 Section 770 (continuity where group includes an SE) does not...

s.sch002 Until section 658 of the Companies Act 2006 (c. 46)...

s.sch002 (1) Sub-paragraph (2) applies if any previous accounting period to...

s.sch002 (1) A sum treated as part of the aggregate income...

s.sch002 Section 989(1)(a) does not apply in relation to a payment...

s.sch002 (1) This paragraph applies if an amount is received by...

s.sch002 (1) Relief is not available under Part 12 in relation...

s.sch002 In Part 12 “restricted shares” does not include shares acquired...

s.sch002 (1) Relief under Part 12 is not available in relation...

s.sch002 The repeal by this Act of section 9(1) of ICTA...

s.sch002 In relation to any time before 16 April 2003, Part...

s.sch002 (1) This paragraph applies for the purposes of Chapters 4...

s.sch002 (1) In relation to expenditure incurred before 1 August 2008,...

s.sch002 (1) The references in section 1050(3)(b) and (c) to qualifying...

s.sch002 (1) Chapters 3 to 5 of Part 13 do not...

s.sch002 (1) Chapter 7 of Part 13 (relief for SMEs and...

s.sch002 For the purposes of any calculation in accordance with section...

s.sch002 (1) Section 1135(4) (time limit for notice of election for...

s.sch002 (1) In relation to expenditure incurred before 1 August 2008,...

s.sch002 (1) In its application to expenditure incurred—

s.sch002 Section 10(1)(i) and (j), (2), (3) and (4) apply only...

s.sch002 In its application to expenditure incurred before 1 August 2008,...

s.sch002 (1) In relation to expenditure incurred before 27 September 2003,...

s.sch002 (1) In relation to expenditure incurred before 1 April 2004,...

s.sch002 (1) In relation to expenditure incurred before 27 September 2003,...

s.sch002 (1) In relation to expenditure incurred before 1 August 2008,...

s.sch002 (1) Part 14 does not apply to expenditure incurred before...

s.sch002 (1) In its application to expenditure incurred—

s.sch002 The provisions of sections 1181 to 1187 apply for the...

s.sch002 Chapters 2 and 3 of Part 15 apply only in...

s.sch002 The references in section 1206 to the functions of the...

s.sch002 (1) Subject to sub-paragraph (2), section 14 does not apply...

s.sch002 (1) The Treasury may make provision by regulations for the...

s.sch002 (1) In accordance with Part 1 of this Schedule, the...

s.sch002 (1) Expenditure is not to be taken into account for...

s.sch002 (1) This paragraph applies for the purposes of section 1249....

s.sch002 (1) A claim may be made under section 1275 (claim...

s.sch002 Section 1277 (income charged on withdrawal of relief after source...

s.sch002 In the case of certificates acquired before 27 July 1981,...

s.sch002 (1) This paragraph applies if, without the repeal by this...

s.sch002 In the Table in section 98 of TMA 1970 (special...

s.sch002 (1) This paragraph applies if— (a) at any time during...

s.sch002 (1) Subject to sub-paragraph (2), section 14 does not apply...

s.sch002 (1) This paragraph applies for the purposes of—

s.sch002 Section 1290 does not apply to deductions that would otherwise...

s.sch002 (1) The repeal by this Act of section 90(1)(b) of...

s.sch002 (1) This paragraph applies if— (a) a relevant period of...

s.sch002 In section 731 of ICTA, as that section has effect...

s.sch002 Until section 658 of the Companies Act 2006 (c. 46)...

s.sch002 (1) This paragraph applies if— (a) a provision of the...

s.sch002 (1) This paragraph applies if immediately before 1 April 2009...

s.sch002 (1) In paragraph 13— “general consent” means a consent under...

s.sch002 Section 58 does not apply to expenditure which is incurred...

s.sch002 In relation to expenditure incurred on the hiring of a...

s.sch002 (1) This paragraph relates to the operation of sections 62...

s.sch002 (1) This paragraph provides for the application of section 63...

s.sch002 Paragraph 1 does not apply to any change made by...

s.sch002 (1) This paragraph provides for the application of section 63...

s.sch002 To the extent that any function of the Scottish Ministers...

s.sch002 (1) This paragraph applies if— (a) fees have been incurred,...

s.sch002 (1) This paragraph applies if— (a) a sum is payable,...

s.sch002 (1) Sections 98 and 99 do not apply to a...

s.sch002 Section 103 does not apply if— (a) a company carrying...

s.sch002 To the extent that the power of the Welsh Ministers...

s.sch002 The reference in section 106(1)(a) to regulations made for England...

s.sch002 The repeal by this Act of section 473(2B) of ICTA...

s.sch002 Section 134 does not apply if the purchase mentioned in...

s.sch002 Any subordinate legislation or other thing which—

s.sch002 If the predecessor ceased to carry on the trade carried...

s.sch002 If the trade carried on by the trader was started...

s.sch002 Section 144(3) does not apply for the purposes of sections...

s.sch002 In section 153(5) “approved scheme or arrangement” includes a scheme...

s.sch002 Chapter 14 of Part 3 applies to a change of...

s.sch002 Section 217 does not apply in relation to a lease...

s.sch002 Section 219 does not apply in relation to a lease...

s.sch002 Section 220 does not apply in relation to a lease...

s.sch002 Section 222 does not apply in relation to a lease...

s.sch002 (1) This paragraph relates to the operation of sections 227...

s.sch002 (1) Any reference (express or implied) in this Act, another...

s.sch002 (1) This paragraph applies if— (a) in calculating the amount...

s.sch002 (1) Sub-paragraph (2) applies if— (a) in calculating the profits...

s.sch002 (1) Until the Treasury by order appoints a day under...

s.sch002 (1) In relation to a lease granted after 24 August...

s.sch002 The amendments made by paragraph 626 of Schedule 1 (amendments...

s.sch002 (1) In relation to a lease granted after 12 June...

s.sch002 (1) In relation to a lease granted before 13 June...

s.sch002 The amendments made by paragraphs 498 and 506 of Schedule...

s.sch002 (1) In relation to a lease granted after 12 June...

s.sch002 (1) Section 250 does not apply to a reverse premium—...

s.sch002 (1) Any reference (express or implied) in any enactment, instrument...

s.sch002 Sections 251 to 253 do not apply to expenditure incurred...

s.sch002 (1) Sections 261 and 262 apply to a change of...

s.sch002 The definition of “mineral royalties” in section 274(2) does not...

s.sch002 Except as provided in this Part of this Schedule, expressions...

s.sch002 So far as immediately before the commencement of this Act...

s.sch002 Except where the context indicates otherwise, references to Part 5...

s.sch002 No liability to corporation tax arises in respect of interest...

s.sch002 The repeal by this Act of any provision in Schedule...

s.sch002 (1) In determining whether Chapter 4 of Part 5 (continuity...

s.sch002 (1) This sub-paragraph applies if— (a) the condition in paragraph...

s.sch002 Paragraphs 1 to 5 have effect instead of section 17(2)...

s.sch002 (1) This paragraph applies if— (a) an authorised unit trust...

s.sch002 (1) No credit is to be brought into account for...

s.sch002 (1) This paragraph applies if in a period of account...

s.sch002 (1) This paragraph applies if at the end of the...

s.sch002 (1) The repeal by this Act of paragraph 7 of...

s.sch002 (1) This paragraph applies as regards a debtor relationship entered...

s.sch002 Section 332 (repo, stock lending and other transactions) does not...

s.sch002 Section 347 (disapplication of Chapter 4 of Part 5 where...

s.sch002 Section 455 (disposals for consideration not fully recognised by accounting...

s.sch002 (1) This paragraph applies if any loan relationship of a...

s.sch002 Paragraphs 4 and 5 apply only so far as the...

s.sch002 Until section 658 of the Companies Act 2006 (c. 46)...

s.sch002 (1) The following provisions (which rewrite provisions prospectively repealed by...

s.sch002 (1) None of the following is to be brought into...

s.sch002 (1) Section 480 (relevant non-lending relationships involving discounts) applies with...

s.sch002 (1) Chapter 6 of Part 6 (alternative finance arrangements) does...

s.sch002 (1) Chapter 6 of Part 6 (alternative finance arrangements) only...

s.sch002 In relation to any case where the public issue (within...

s.sch002 In relation to any time before 16 May 2008, section...

s.sch002 (1) Chapter 10 of Part 6 (repos) does not apply...

s.sch002 Expressions used in this Part of this Schedule and in...

s.sch002 (1) The repeal by this Act of a transitional or...

s.sch002 The reference in section 591(6)(b) (condition E) to the provisions...

s.sch002 Section 645 (creditor relationships: embedded derivatives which are options) does...

s.sch002 (1) This paragraph applies if section 645 would apply to...

s.sch002 (1) This paragraph applies for the purposes of paragraph 82....

s.sch002 (1) This paragraph applies if— (a) there has been a...

s.sch002 Section 648 (creditor relationships: embedded derivatives which are exactly tracking...

s.sch002 (1) This paragraph applies if section 648 would apply to...

s.sch002 (1) This paragraph applies if— (a) there has been a...

s.sch002 (1) Section 658 (chargeable gain or allowable loss treated as...

s.sch002 Section 661 (contract which becomes derivative contract) does not apply...

s.sch002 (1) In this Part— “enactment” includes subordinate legislation (within the...

s.sch002 Section 666 (allowable loss treated as accruing) does not apply...

s.sch002 (1) This paragraph applies in relation to a company if...

s.sch002 (1) This paragraph applies if— (a) a company is a...

s.sch002 (1) This paragraph applies if the company mentioned in section...

s.sch002 (1) This paragraph applies if a company was, immediately before...

s.sch002 Section 629 (disapplication of section 625 where transferor party to...

s.sch002 Section 698 (disposals for consideration not fully recognised by accounting...

s.sch002 Until section 658 of the Companies Act 2006 (c. 46)...

s.sch002 (1) The following provisions of this Act (which rewrite provisions...

Help complying

Guvnor’s practical routes through this instrument.

Respond to a Corporation Tax penalty or enquiry

What to do when you receive a Corporation Tax penalty notice or HMRC opens an enquiry. Covers immediate actions, understanding your penalty, …

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Manage your tax compliance

Understand and manage your ongoing tax obligations as a UK business owner. Covers Self Assessment, VAT, Corporation Tax, record keeping, Making Tax …

File your first Corporation Tax return

A step-by-step learning journey for directors filing their first Company Tax Return (CT600). Covers registration, understanding rates, preparing accounts, claiming allowances, filing, …

Corporation Tax quick compliance check

A quick reference for experienced company directors to verify Corporation Tax deadlines, rates, payment obligations, and allowances. Check your compliance status in …

Start a business

Step-by-step guidance to help you start your business

Claim R&D tax relief for your company

How to claim R&D tax relief under the merged scheme and ERIS for innovative UK companies.

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Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Corporation Tax Act 2009

Does it bind you?

Other Acts binding the same actors

What it requires

Introduction

Charge to corporation tax: basic provisions

Trading income

Property income

Loan Relationships

Relationships treated as loan relationships etc

Derivative contracts

Intangible fixed assets

Intellectual property: know-how and patents

Company distributions

Miscellaneous income

Relief for particular employee share acquisition schemes

Other relief for employee share acquisitions

... expenditure on research and development

Remediation of contaminated or derelict land

Films, television programmes and video games

Film production

Television production

Video games development

Theatrical Productions

Orchestra tax relief

Museums and galleries exhibition tax relief

Companies with investment business

Partnerships

Unremittable income

General exemptions

General calculation rules

Other general provisions

Schedules

Help complying

Respond to a Corporation Tax penalty or enquiry

Set up a limited company

Manage your tax compliance

File your first Corporation Tax return

Corporation Tax quick compliance check

Start a business

Claim R&D tax relief for your company