| Guvnor

Enforced by: HMRC
Status: Amended (in force with amendments)
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader36 Any Person9 Director or Officer3

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

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 1 section shown

1 other section in this Part — procedural and definitional

s.001 Overview of Act

Part 2

Calculation of liability in respect of profits

3 of 19 sections shown

s.005 Basic rule: sterling to be used Regulated

Use sterling for corporation tax calculationsTrader

s.008 UK resident company preparing accounts in currency other than sterling Regulated

Calculate profits and losses in sterling for non-sterling accountsTrader

s.009 Non-UK resident company preparing return of accounts in currency other than sterling Regulated

Calculate corporation tax profits and losses in sterling if accounts are in another currencyTrader

16 other sections in this Part — procedural and definitional

s.002 Overview of Part

s.003 Corporation tax rates

s.004 Amount of profits to which corporation tax rates applied

s.006 s.6

s.007 UK resident company operating in currency other than sterling and preparing accounts in another currency

s.009 Designated currency of a UK resident investment company

s.009 Period for which an election under section 9A has effect

s.009 Chargeable gains and losses of companies

s.010 The equivalent in another currency of a sterling amount

s.011 Sterling equivalents: basic rule

s.012 Sterling equivalents: carried-back amounts

s.013 Sterling equivalents: carried-forward amounts

s.014 Carried-back amounts

s.015 Carried-forward amounts

s.016 Sections 13(2) and 15(5): profit against which carried-forward amount to be set off

s.017 Interpretation of Chapter

Part 3

Companies with small profits

0 of 17 sections shown

17 other sections in this Part — procedural and definitional

s.018 Profits charged at the small profits rate

s.019 Marginal relief

s.020 Company with only ring fence profits

s.021 Company with ring fence profits and other profits

s.022 The ring fence amount

s.023 The remaining amount

s.024 The lower limit and the upper limit

s.025 Associated companies

s.026 Section 25(3): treatment of certain non-trading companies

s.027 Attribution to persons of rights and powers of their associates

s.028 Associated companies: fixed-rate preference shares

s.029 Association through a loan creditor

s.030 Association through a trustee

s.031 Power to obtain information

s.032 Meaning of “augmented profits”

s.033 Interpretation of section 32(2) and (3)

s.034 Close investment-holding companies

Part 3

Companies with small profits

0 of 14 sections shown

14 other sections in this Part — procedural and definitional

s.018 Profits charged at the standard small profits rate

s.018 Marginal relief for companies without ring fence profits

s.018 Marginal relief for companies with ring fence profits

s.018 The lower limit and the upper limit

s.018 Associated companies

s.018 Section 18E(3): treatment of certain non-trading companies

s.018 Attribution to persons of rights and powers of their partners

s.018 Associated companies: fixed-rate preference shares

s.018 Association through a loan creditor

s.018 Association through a trustee

s.018 Power to obtain information

s.018 Meaning of “augmented profits”

s.018 Interpretation of section 18L(3)

s.018 Close investment-holding companies

Part 4

Loss relief

0 of 72 sections shown

72 other sections in this Part — procedural and definitional

s.035 Overview of Part

s.036 Introduction to Chapter

s.037 Relief for trade losses against total profits

s.038 Limit on deduction if accounting period falls partly within 12 month period

s.039 Terminal losses: extension of periods for which relief may be given

s.040 Ring fence trades: extension of periods for which relief may be given

s.041 Sections 39 and 40: transfers of trade to obtain relief

s.042 Ring fence trades: further extension of period for relief

s.043 Claim period in case of ring fence or mineral extraction trades

s.044 Trade must be commercial or carried on for statutory functions

s.045 Carry forward of pre-1 April 2017 trade loss against subsequent trade profits

s.045 Carry forward of post-1 April 2017 trade loss against total profits

s.045 Carry forward of post-1 April 2017 trade loss against trade profits

s.045 Re-application of section 45A if loss remains after previous application

s.045 Application of section 45B if loss remains after application of section 45A

s.045 Re-application of section 45B if loss remains after previous application

s.045 Terminal losses: relief unrestricted by Part 7ZA and 7A

s.045 Section 45F: accounting period falling partly within 3 year period

s.045 Section 45F: transfers of trade to obtain relief

s.046 Use of trade-related interest and dividends if insufficient trade profits

s.047 Registered societies

s.048 Farming or market gardening

s.049 Reasonable expectation of profit

s.050 Cessation of trades

s.051 Companies treated as same person as individual

s.052 Dealings in commodity futures

s.053 Leasing contracts and company reconstructions

s.054 Non-UK resident company: receipts of interest, dividends or royalties

s.055 Introduction to Chapter

s.056 Restriction on reliefs for limited partners

s.057 Meaning of “contribution to the firm”

s.058 Meaning of “limited partner”

s.059 Restriction on relief for members of LLPs

s.060 Meaning of “contribution to the

s.061 Unrelieved losses brought forward

s.062 Relief for losses made in UK property business

s.063 Company with investment business ceasing to carry on UK property business

s.064 UK property business to be commercial or carried on for statutory functions

s.065 UK furnished holiday lettings business treated as trade

s.066 Relief for losses made in overseas property business

s.067 Overseas property business to be commercial or carried on for statutory functions

s.067 EEA furnished holiday lettings business treated as trade

s.067 Exclusion in the case of property businesses of insurance companies

s.068 Share loss relief

s.069 Eligibility conditions

s.070 Entitlement to claim

s.071 How relief works

s.072 Limit on deduction if accounting period falls partly within 12 month period

s.073 Subscription for shares

s.074 Disposals of new shares

s.075 Limits on relief

s.076 Disposal of shares forming part of mixed holding

s.077 Section 76: supplementary

s.078 Qualifying trading companies

s.079 The trading requirement

s.080 Ceasing to meet trading requirement because of administration

s.081 The control and independence requirement

s.082 The qualifying subsidiaries requirement

s.083 The property managing subsidiaries requirement

s.084 The gross assets requirement

s.085 The unquoted status requirement

s.086 Power to amend requirements by Treasury order

s.087 Relief after an exchange of shares for shares in another company

s.088 Substitution of new shares for old shares

s.089 Deemed time of issue for certain shares

s.090 Interpretation of Chapter

s.091 Relief for losses from miscellaneous transactions

s.092 Loss relief to be reduced if government investment is written off

s.093 Groups of companies

s.094 Cases in which government investment is written off

s.095 Meaning of “carry-forward losses”

s.096 Interaction with other tax provisions

Part 5

Group relief

52 of 100 sections shown

s.104 Meaning of “non-trading loss on intangible fixed assets”

amended 1 time (opens in a new tab)

s.105 Restriction on surrender of losses etc within section 99(1)(d) to (g) Regulated

Do not surrender group relief losses unless total exceeds profit thresholdTrader

amended 9 times (opens in a new tab)

s.106 Restriction on losses etc surrenderable by UK resident Regulated

Do not surrender foreign PE losses that are deductible by others overseasTrader

s.107 Restriction on losses etc surrenderable by non-UK resident

amended 17 times (opens in a new tab)

s.109 Restriction on losses etc surrenderable by dual resident Regulated

Do not surrender losses if you are a dual-resident company with certain activitiesTrader

s.112 EEA related definitions

amended 2 times (opens in a new tab)

s.129 Overview of Chapter

amended 3 times (opens in a new tab)

s.130 Group relief claims on amounts surrenderable under Chapter 2

amended 5 times (opens in a new tab)

s.133 Consortium conditions 2 and 3

amended 10 times (opens in a new tab)

s.134 Meaning of “UK related” company

amended 1 time (opens in a new tab)

s.134 Companies “established in the EEA”

amended 1 time

s.135 Group relief claims on amounts surrenderable under Chapter 3

amended 1 time (opens in a new tab)

s.137 Deduction from total profits

amended 9 times (opens in a new tab)

s.140 Unrelieved part of claimant company's available total profits

amended 1 time (opens in a new tab)

s.142 Meaning of “the overlapping period”

amended 3 times (opens in a new tab)

s.143 Condition 1: surrendering company owned by consortium

amended 3 times (opens in a new tab)

s.144 Condition 1: claimant company owned by consortium

amended 4 times (opens in a new tab)

s.146 Conditions 2 and 3: companies in link company's group

amended 5 times (opens in a new tab)

s.146 Conditions 1 and 2: surrendering company not controlled by claimant company etc

amended 5 times

s.146 Conditions 1 and 3: claimant company not controlled by surrendering company etc

amended 5 times

s.148 Conditions 1 and 2: surrendering company in group of companies

amended 1 time (opens in a new tab)

s.149 Conditions 1 and 3: claimant company in group of companies

amended 1 time (opens in a new tab)

s.151 Meaning of “75% subsidiary” and “90% subsidiary”

amended 2 times (opens in a new tab)

s.153 Companies owned by consortiums and members of consortiums

amended 1 time (opens in a new tab)

s.154 Arrangements for transfer of member of group of companies etc

amended 5 times (opens in a new tab)

s.155 Arrangements for transfer of company owned by consortium etc

amended 2 times (opens in a new tab)

s.155 Certain arrangements not within sections 154 and 155

amended 2 times

s.155 Certain mortgage arrangements not within sections 154 and 155

amended 2 times

s.156 Sections 154 and 155: supplementary

amended 5 times (opens in a new tab)

s.158 Meaning of “equity holder”

amended 1 time (opens in a new tab)

s.159 Use of relevant company's assets

amended 1 time (opens in a new tab)

s.160 Meaning of “ordinary shares”

amended 2 times (opens in a new tab)

s.161 Meaning of “restricted right to dividends”

amended 2 times (opens in a new tab)

s.162 Meaning of “normal commercial loan”

amended 4 times (opens in a new tab)

s.164 Sections 160 and 162: supplementary

amended 4 times (opens in a new tab)

s.164 Loan forming part of tier two capital

amended 4 times

s.165 Proportion of profits available for distribution to which company is entitled

amended 2 times (opens in a new tab)

s.166 Proportion of assets available for distribution to which company is entitled

amended 3 times (opens in a new tab)

s.168 Meaning of “the relevant accounting period”

amended 2 times (opens in a new tab)

s.169 Application and interpretation of sections 170 to 182

amended 2 times (opens in a new tab)

s.170 Shares or securities with limited rights

amended 2 times (opens in a new tab)

s.172 Company A's proportion if shares etc have temporary rights

amended 2 times (opens in a new tab)

s.173 Cases in which option arrangements are in place

amended 1 time (opens in a new tab)

s.174 Company A's proportion if option arrangements in place

amended 2 times (opens in a new tab)

s.174 Certain option arrangements not within section 173

amended 2 times

s.174 Certain mortgage arrangements not within section 173

amended 2 times

s.175 Cases in which both sections 170 and 172 apply

amended 2 times (opens in a new tab)

s.176 Cases in which both sections 170 and 174 apply

amended 2 times (opens in a new tab)

s.177 Cases in which both sections 172 and 174 apply

amended 2 times (opens in a new tab)

s.178 Cases in which sections 170, 172 and 174 all apply

amended 2 times (opens in a new tab)

s.179 Cases in which surrendering or claimant company is non-UK resident

amended 1 time (opens in a new tab)

s.188 Other definitions

amended 7 times (opens in a new tab)

48 other sections in this Part — procedural and definitional

s.097 Introduction to Part

s.098 Overview of Chapter

s.099 Surrendering of losses and other amounts

s.100 Meaning of “trading loss”

s.101 Meaning of “capital allowance excess”

s.102 Meaning of “UK property business loss”

s.103 Meaning of “management expenses”

s.108 Meaning of “non-UK profits”

s.110 Restriction on surrender of losses etc from alternative finance arrangements

s.111 Overview of Chapter

s.113 Steps to determine extent to which loss etc can be surrendered

s.114 The equivalence condition

s.115 The EEA tax loss condition: companies resident in EEA territory

s.116 The EEA tax loss condition: companies not resident in EEA territory

s.117 The qualifying loss condition: general

s.118 The qualifying loss condition: relief for current and previous periods

s.119 The qualifying loss condition: relief for future periods

s.120 The qualifying loss condition: non-UK tax relief in another territory

s.121 The precedence condition

s.122 Assumptions to be made in recalculating EEA amount

s.123 Assumptions as to UK residence

s.124 Assumptions as to places in which activities carried on

s.125 Assumptions as to accounting periods

s.126 Assumptions in relation to capital allowances

s.127 Amounts excluded because of certain arrangements

s.128 Rules for recalculating EEA amount

s.131 The group condition

s.132 Consortium condition 1

s.136 The EEA group condition

s.138 Limitation on amount of group relief applying to all claims

s.139 Unused part of the surrenderable amounts

s.141 Sections 139 and 140: supplementary

s.145 Conditions 2 and 3: limitations in sections 143 and 144

s.147 Conditions 1 and 2: surrenderable amounts including trading loss

s.150 Overview of Chapter

s.152 Groups of companies

s.157 Introduction to Chapter

s.163 Normal commercial loans: company's results or value of assets

s.167 Profits or assets available for distribution and entitlement: supplementary

s.171 Shares or securities with temporary rights

s.180 Company A's proportion if non-UK resident involved

s.181 Assumptions to be applied if non-UK resident company involved

s.182 Assets etc referable to UK trade

s.183 Payments for group relief

s.184 References to “allowance” in

s.185 “Trading company” and “holding company”

s.186 When activities of a company are double taxation exempt

s.187 “Non-UK tax”

Part 5

Group relief for carried-forward losses

49 of 49 sections shown

s.188 Introduction to Part

amended 7 times

s.188 Overview of Chapter

amended 7 times

s.188 Surrender of carried-forward losses and other amounts

amended 7 times

s.188 Restriction on surrendering pre-1 April 2017 losses etc

amended 7 times

s.188 Restriction where investment business has become small or negligible

amended 7 times

s.188 Restriction where surrendering company could use losses etc itself Regulated

Do not surrender losses you could use to reduce your own profitsTrader

amended 7 times

s.188 Restriction where surrendering company has no income-generating assets Regulated

Do not surrender losses if you have no income-generating assetsTrader

amended 7 times

s.188 Restrictions for certain insurance companies Regulated

Insurance companies: restrictions on surrendering carried-forward lossesTrader

amended 7 times

s.188 Restriction on surrender of losses etc made when UK resident Regulated

Do not surrender foreign-branch losses that have been used to reduce another person's overseas taxTrader

amended 7 times

s.188 Restriction on surrender of losses made when non-UK resident

amended 7 times

s.188 Restriction on surrender losses etc made when dual resident Regulated

Do not surrender losses if your company is a dual resident restricted under section 109Trader

amended 7 times

s.188 Overview of Chapter

amended 7 times

s.188 Claims in relation to all the surrenderable amounts

amended 7 times

s.188 Claims in relation to the surrenderable amounts that are attributable to a specified accounting period

amended 7 times

s.188 Claim not allowed by company with unused carried-forward losses of its own

amended 7 times

s.188 The group condition

amended 7 times

s.188 Consortium condition 1

amended 7 times

s.188 Consortium condition 2

amended 7 times

s.188 Consortium condition 3

amended 7 times

s.188 Consortium condition 4

amended 7 times

s.188 Meaning of “UK related” company

amended 7 times

s.188 Deductions from total profits

amended 7 times

s.188 Overview

amended 7 times

s.188 Limitation on amount of relief applying to all claims under section 188CB

amended 7 times

s.188 Unused part of the surrenderable amounts

amended 7 times

s.188 Claimant company's relevant maximum for overlapping period

amended 7 times

s.188 Previously claimed group relief for carried-forward losses

amended 7 times

s.188 Sections 188DC to 188DE: supplementary

amended 7 times

s.188 Sections 188DC and 188DE: meaning of “the overlapping period”

amended 7 times

s.188 Condition 1: ownership proportion

amended 7 times

s.188 Condition 2: ownership proportion

amended 7 times

s.188 Condition 2: companies in link company's group

amended 7 times

s.188 Conditions 1 and 2: claimant company not controlled by surrendering company etc

amended 7 times

s.188 Conditions 1 and 2: claimant company in group of companies

amended 7 times

s.188 Overview of Chapter

amended 7 times

s.188 Limitation on amount of relief applying to all claims under section 188CC

amended 7 times

s.188 Unused part of surrenderable amounts attributable to specified loss-making period

amended 7 times

s.188 Claimant company's relevant maximum for the overlapping period

amended 7 times

s.188 Previously claimed group relief for carried-forward losses

amended 7 times

s.188 The potential Part 5 group relief amount

amended 7 times

s.188 Sections 188EC to 188EE: supplementary

amended 7 times

s.188 Sections 188EC and 188EE: meaning of “the overlapping period”

amended 7 times

s.188 Condition 4: companies in link company's group

amended 7 times

s.188 Condition 3 or 4: surrendering company not controlled by claimant company etc

amended 7 times

s.188 Condition 3 or 4: surrendering company in group of companies

amended 7 times

s.188 Payments for group relief for carried-forward losses

amended 7 times

s.188 Subsidiaries, groups and consortiums

amended 7 times

s.188 “Trading company” and “holding company”

amended 7 times

s.188 Other definitions

amended 7 times

Part 6

Charitable donations relief

11 of 33 sections shown

s.189 Relief for qualifying charitable donations

amended 3 times (opens in a new tab)

s.192 Condition as to repayment

amended 2 times (opens in a new tab)

s.194 Distributions

amended 1 time (opens in a new tab)

s.197 Restrictions on associated benefits

amended 3 times (opens in a new tab)

s.200 Company wholly owned by a charity

amended 2 times (opens in a new tab)

s.202 “Charity”

amended 5 times (opens in a new tab)

s.202 “Registered club”

amended 5 times

s.202 Restriction on relief for payments to community amateur sports clubs

amended 5 times

s.202 “Inflated member-related expenditure”

amended 5 times

s.209 Value of net benefit to charity

amended 2 times (opens in a new tab)

s.217 “Charity”

amended 4 times (opens in a new tab)

22 other sections in this Part — procedural and definitional

s.190 Qualifying charitable donations: meaning

s.191 Qualifying payments

s.193 Associated acquisition etc

s.195 Associated benefits

s.196 Associated benefits: meaning

s.198 Payments and benefits linked to periods of less than 12 months

s.199 Payment attributed to earlier accounting period

s.201 Associated persons

s.203 Certain disposals of investments

s.204 Meaning of qualifying investment

s.205 Meaning of qualifying interest in land

s.206 The relievable amount

s.207 Incidental costs of making disposal

s.208 Consideration

s.210 Market value of qualifying investments

s.210 Acquisition value of qualifying investments

s.211 Meaning of “disposal-related obligation”

s.212 Meaning and amount of “disposal-related liability”

s.213 Certificate required from charity

s.214 Qualifying interests in land held jointly

s.215 Calculation of relievable amount etc where joint disposal of interest in land

s.216 Disqualifying events

Part 6

Relief for expenditure on grassroots sport

4 of 4 sections shown

s.217 Relief for expenditure on grassroots sport

amended 4 times

s.217 Meaning of qualifying expenditure on grassroots sport

amended 4 times

s.217 Meaning of qualifying sport body

amended 4 times

s.217 Relationship between this Part and Part 6

amended 4 times

Part 7

Community investment tax relief

10 of 54 sections shown

s.220 Form and amount of CITR

amended 2 times (opens in a new tab)

s.220 Carry forward of CITR

amended 2 times

s.220 Limit on State aid

amended 2 times

s.228 Conditions to be met in relation to shares Regulated

Ensure shares meet eligibility conditions for Community Investment Tax ReliefAny Person

s.229 Tax relief certificates Regulated

Do not issue tax relief certificates exceeding the investment limitAny Person

amended 2 times (opens in a new tab)

s.232 Investor must have beneficial ownership Regulated

Ensure you have full beneficial ownership of investmentsAny Person

s.233 Investor must not be accredited Regulated

Ensure investor is not an accredited community finance institutionAny Person

s.234 No acquisition of share in partnership Regulated

Do not use initial partnership capital for CDFI tax relief investmentsAny Person

s.240 Attribution: general

amended 1 time (opens in a new tab)

s.255 Manner of withdrawal or reduction of CITR Regulated

Other duties (1) — Crown / regulator

HMRC may assess and withdraw Community Investment Tax Relief (CITR)Statutory regulator

44 other sections in this Part — procedural and definitional

s.218 Meaning of “CITR”

s.219 Eligibility for CITR

s.221 Meaning of “making an investment”

s.222 Determination of “the invested amount”

s.223 Meaning of “the 5 year period” and “the investment date”

s.224 Overview of other Chapters of Part

s.225 Qualifying investments: introduction

s.226 Conditions to be met in relation to loans

s.227 Conditions to be met in relation to securities

s.230 No pre-arranged protection against risks

s.231 No control of

s.235 No tax avoidance purpose

s.236 Loans: no claim after disposal or excessive repayments or receipts of value

s.237 Securities or shares: no claim after disposal or excessive receipts of value

s.238 No claim after loss of accreditation by the CDFI

s.239 Accreditation of investor

s.241 Attribution: bonus shares

s.242 Introduction to Chapter

s.243 Disposal of loan during 5 year period

s.244 Disposal of securities or shares during 5 year period

s.245 Repayment of loan capital during 5 year period

s.246 Value received by investor during 6 year period: loans

s.247 Value received by investor during 6 year period: securities or shares

s.248 Receipts of insignificant value to be added together

s.249 When value is received

s.250 The amount of value received

s.251 Value received if there is more than one investment

s.252 Effect of receipt of value on future claims

s.253 Receipts of value by or from connected persons

s.254 CITR subsequently found not to have been due

s.256 Meaning of “loan” and “interest”

s.257 Purchase and resale arrangements

s.258 Deposit arrangements

s.259 Profit share agency arrangements

s.260 Information to be provided by the investor

s.261 Disclosure

s.262 Nominees

s.263 Application for postponement of tax pending appeal

s.264 Identification of securities or shares on a disposal

s.265 Meaning of “issue of securities or shares”

s.266 Meaning of “disposal”

s.267 Construction of references to being “held continuously”

s.268 Meaning of “associate”

s.269 Minor definitions etc

Part 7

Banking companies

5 of 40 sections shown

s.269 Allocation of carried-forward loss allowance within a group Regulated

Submit statement of allocation to HMRC when allocating carried-forward loss allowance to group banking companyTrader

s.269 Re-allocation of carried-forward loss allowance Regulated

Building society must re-allocate loss allowance to group banking company and notify HMRCTrader

s.269 Group allowance allocation statement: submission Regulated

Submit a group allowance allocation statement to HMRCTrader

s.269 Group allowance allocation statement: requirements and effect Regulated

Submit a compliant group allowance allocation statement and correct it if non‑compliant within 30 daysTrader

s.269 Excessive specifications of available surcharge allowance Regulated

Correct excessive surcharge allowance in your company tax returnTrader

35 other sections in this Part — procedural and definitional

s.269 Overview of Part

s.269 Meaning of “banking company”

s.269 Excluded entities

s.269 Relevant regulated activities

s.269 Banking companies: supplementary definitions

s.269 Meaning of “group”

s.269 Powers to amend

s.269 Overview of Chapter

s.269 Restriction on deductions for trading losses

s.269 Restriction on deductions for non-trading deficits from loan relationships

s.269 Restriction on deductions for management expenses etc

s.269 Relevant profits

s.269 Losses arising before company began banking activity

s.269 Losses arising in company's start-up period

s.269 The “start-up period”

s.269 Losses covered by carried-forward loss allowance

s.269 Profits arising from tax arrangements to be disregarded

s.269 When a company first begins to carry on relevant regulated activities

s.269 Joint venture companies

s.269 Other definitions

s.269 Overview of Chapter

s.269 Surcharge on banking companies

s.269 Meaning of “non-banking group relief”

s.269 Meaning of “non-banking group relief for carried-forward losses”

s.269 Meaning of “non-banking or pre-2016 loss relief”

s.269 Meaning of “non-banking transferred-in loss relief”

s.269 Meaning of “relevant transferred-out gain” and “non-banking transferred-in gain”

s.269 Surcharge allowance for banking company in a group containing other banking companies

s.269 Group surcharge allowance and the nominated company

s.269 Group allowance allocation statement: submission of revised statement

s.269 Surcharge allowance for company not in a group containing other banking companies

s.269 Application of enactments applying to corporation tax: assessment, recovery, double taxation etc

s.269 Payments in respect of the surcharge: information to be provided

s.269 Profit and loss shifting to avoid or reduce surcharge liability

s.269 Interpretation

Part 8

Oil activities

113 of 218 sections shown

s.270 Overview of Part

amended 13 times (opens in a new tab)

s.278 Other definitions

amended 1 time (opens in a new tab)

s.287 Restriction on credits to be brought into account Regulated

Restrict exchange gain credits on loan relationships that would increase ring fence profitsTrader

s.288 Sale and lease-back

amended 3 times (opens in a new tab)

s.291 Tariff receipts etc

amended 5 times (opens in a new tab)

s.291 Meaning of “tariff receipt”

amended 5 times

s.291 Tariff receipts: counteraction of avoidance arrangements

amended 5 times

s.292 Expenditure on abandonment guarantees

amended 7 times (opens in a new tab)

s.293 Relief for reimbursement expenditure under abandonment guarantees

amended 1 time (opens in a new tab)

s.294 Payment under abandonment guarantee not immediately applied

amended 1 time (opens in a new tab)

s.295 Amounts excluded from section 293(1)

amended 1 time (opens in a new tab)

s.296 Introduction to section 297

amended 5 times (opens in a new tab)

s.298 Reimbursement by defaulter in respect of certain abandonment expenditure

amended 1 time (opens in a new tab)

s.298 Receipts arising from decommissioning

amended 1 time

s.301 Effect of repayment of PRT: special rule

amended 1 time (opens in a new tab)

s.304 Losses

amended 5 times (opens in a new tab)

s.305 Group relief and group relief for carried-forward losses

amended 2 times (opens in a new tab)

s.307 Overview of Chapter

amended 2 times (opens in a new tab)

s.309 Accounting periods

amended 1 time (opens in a new tab)

s.310 The relevant percentage

amended 1 time (opens in a new tab)

s.311 Limit on number etc of accounting periods for which supplement may be claimed

amended 1 time (opens in a new tab)

s.312 Qualifying pre-commencement expenditure

amended 2 times (opens in a new tab)

s.316 The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed

amended 1 time (opens in a new tab)

s.317 Reduction in respect of disposal receipts under CAA 2001

amended 1 time (opens in a new tab)

s.321 Supplement in respect of a post-commencement period

amended 3 times (opens in a new tab)

s.323 Ring fence losses

amended 3 times (opens in a new tab)

s.326 The ring fence pool

amended 3 times (opens in a new tab)

s.327 Reductions in respect of relief for carried-forward ring fence losses

amended 2 times (opens in a new tab)

s.330 Supplementary charge in respect of ring fence trades

amended 7 times (opens in a new tab)

s.330 Decommissioning expenditure taken into account in calculating ring fence profits Regulated

Adjust ring fence profits calculation for decommissioning expenditureTrader

amended 7 times

s.330 Decommissioning expenditure taken into account for PRT purposes

amended 7 times

s.330 Meaning of “decommissioning expenditure”

amended 7 times

s.330 Ordering of allowances

amended 7 times

s.331 Meaning of “financing costs” etc

amended 5 times (opens in a new tab)

s.333 Reduction of adjusted ring fence profits

amended 2 times (opens in a new tab)

s.334 Company's pool of field allowances

amended 1 time (opens in a new tab)

s.337 Licensee to hold field allowance

amended 5 times (opens in a new tab)

s.338 Holding a field allowance on acquisition of equity share

amended 1 time (opens in a new tab)

s.339 Unactivated amount of field allowance

amended 2 times (opens in a new tab)

s.340 Introduction to section 341

amended 4 times (opens in a new tab)

s.341 Activation of field allowance

amended 2 times (opens in a new tab)

s.342 Introduction to sections 343 and 344

amended 4 times (opens in a new tab)

s.343 Reference periods

amended 1 time (opens in a new tab)

s.344 Activation of field allowance

amended 3 times (opens in a new tab)

s.345 Introduction to sections 346 and 347

amended 5 times (opens in a new tab)

s.346 Reduction of field allowance if equity disposed of

amended 2 times (opens in a new tab)

s.347 Acquisition of field allowance if equity acquired

amended 4 times (opens in a new tab)

s.349 Orders

amended 4 times (opens in a new tab)

s.349 “Additionally-developed oil field”

amended 4 times

s.350 “New oil field”

amended 2 times (opens in a new tab)

s.352 “Qualifying oil field”

amended 5 times (opens in a new tab)

s.353 “Small oil field”

amended 1 time (opens in a new tab)

s.355 “Ultra high pressure/high temperature oil field”

amended 2 times (opens in a new tab)

s.355 “Large deep water oil field”

amended 2 times

s.355 “Large shallow water gas field”

amended 2 times

s.355 “Deep water gas field”

amended 2 times

s.356 “Total field allowance for a new oil field”

amended 4 times (opens in a new tab)

s.356 “Total field allowance for an additionally-developed oil field”

amended 4 times

s.356 Other definitions

amended 4 times

s.356 Overview

amended 4 times

s.356 “Onshore oil-related activities”

amended 4 times

s.356 The activities

amended 4 times

s.356 “Site”

amended 4 times

s.356 Generation of onshore allowance

amended 4 times

s.356 Disqualifying conditions for section 356C(4)(b)

amended 4 times

s.356 Expenditure on acquisition of asset: further disqualifying conditions

amended 4 times

s.356 Expenditure not related to an established site

amended 4 times

s.356 Reduction of adjusted ring fence profits

amended 4 times

s.356 Carrying forward of activated allowance

amended 4 times

s.356 Companies with both field allowances and onshore allowance

amended 4 times

s.356 Activation of allowance: no change of equity share

amended 4 times

s.356 The closing balance of unactivated allowance for an accounting period

amended 4 times

s.356 Carrying forward of unactivated allowance

amended 4 times

s.356 Transfer of allowances between sites

amended 4 times

s.356 Introduction to sections 356GA to 356GD

amended 4 times

s.356 Reference periods

amended 4 times

s.356 Activation of allowance: reference periods

amended 4 times

s.356 Carry-forward of unactivated allowance from a reference period

amended 4 times

s.356 Unactivated amounts attributable to a reference period

amended 4 times

s.356 Introduction to sections 356HA and 356HB

amended 4 times

s.356 Reduction of allowance if equity disposed of

amended 4 times

s.356 Acquisition of allowance if equity acquired

amended 4 times

s.356 Adjustments

amended 4 times

s.356 Orders

amended 4 times

s.356 “Authorisation of development”: oil fields

amended 4 times

s.356 “Authorisation of development”: drilling and extraction sites

amended 4 times

s.356 When capital expenditure is incurred

amended 4 times

s.356 Other definitions

amended 4 times

s.356 Overview

amended 4 times

s.356 Meaning of “cluster area”

amended 4 times

s.356 Meaning of “previously authorised oil field”

amended 4 times

s.356 Meaning of “investment expenditure”

amended 4 times

s.356 Generation of cluster area allowance

amended 4 times

s.356 Expenditure on acquisition of asset: disqualifying conditions

amended 4 times

s.356 Reduction of adjusted ring fence profits

amended 4 times

s.356 Carrying forward of activated allowance

amended 4 times

s.356 Activation of allowance: no change of equity share

amended 4 times

s.356 The closing balance of unactivated allowance for an accounting period

amended 4 times

s.356 Carrying forward of unactivated allowance

amended 4 times

s.356 Reference periods

amended 4 times

s.356 Activation of allowance: reference periods

amended 4 times

s.356 Unactivated amounts attributable to a reference period

amended 4 times

s.356 Carry-forward of unactivated allowance from a reference period

amended 4 times

s.356 Disposal of equity share: transfer of allowance

amended 4 times

s.356 More than one disposal on a single day

amended 4 times

s.356 Effect of transfer of allowance for transferee

amended 4 times

s.356 Use of allowance attributable to unlicensed area

amended 4 times

s.356 Adjustments

amended 4 times

s.356 Regulations amending percentage in section 356JF(2)

amended 4 times

s.356 When capital expenditure is incurred

amended 4 times

s.356 Licensed sub-areas

amended 4 times

s.356 Other definitions

amended 4 times

s.357 Other definitions

amended 12 times (opens in a new tab)

105 other sections in this Part — procedural and definitional

s.271 “Associated companies”

s.272 “Oil extraction activities”

s.273 “Oil rights”

s.274 “Oil-related activities”

s.275 “Ring fence income”

s.276 “Ring fence profits”

s.277 “Ring fence trade”

s.279 Oil-related activities treated as separate trade

s.279 Corporation tax rates on ring fence profits

s.279 Company with only ring fence profits

s.279 Company with ring fence profits and other profits

s.279 The ring fence amount

s.279 The remaining amount

s.279 The lower limit and the upper limit

s.279 Interpretation etc

s.279 “Related 51% group company”

s.279 “Augmented profits”

s.279 Interpretation of section 279G(3) and (4)

s.280 Disposal to be valued by reference to section 2(5A) of

s.281 Valuation where market value taken into account under section 2 of OTA 1975

s.282 Valuation where disposal not sale at arm's length

s.283 Valuation where excess of nominated proceeds

s.284 Valuation where relevant appropriation but no disposal

s.285 Valuation where appropriation to refining etc

s.285 Restriction on hire etc of relevant assets to be brought into account

s.286 Restriction on debits to be brought into account

s.287 Restriction where debits or credits relate to decommissioning security settlement

s.289 Reduction of expenditure by reference to regional development grant

s.290 Adjustment as a result of regional development grant

s.297 Relief for expenditure incurred by a participator in meeting defaulter's abandonment expenditure

s.299 Deduction of PRT in calculating income for corporation tax purposes

s.300 Effect of repayment of PRT: general rule

s.302 Interest on repayment of PRT or APRT

s.303 Management expenses

s.303 Introduction to sections 303B to 303D: post-1 April 2017 non-decommissioning losses of ring fence trades

s.303 Carry forward of losses against subsequent profits

s.303 Excess carried forward losses: relief against total profits

s.303 Further carry forward against subsequent profits of loss not fully used

s.306 Capital allowances

s.308 Qualifying companies

s.313 Unrelieved group ring fence profits for accounting periods

s.314 Taxable ring fence profits for an accounting period

s.315 Supplement in respect of a pre-commencement accounting period

s.318 Reduction in respect of unrelieved group ring fence profits

s.318 Adjustment of pool to remove pre-2013 expenditure after the initial 6 periods

s.319 The reference amount for a pre-commencement period

s.320 Claims for pre-commencement supplement

s.322 Amount of post-commencement supplement for a post-commencement period

s.324 Special rule for straddling periods

s.325 The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses

s.328 Reductions in respect of unrelieved group ring fence profits

s.328 Adjustment of pool to remove pre-2013 losses after the initial 6 periods

s.329 The reference amount for a post-commencement period

s.329 Overview of Chapter

s.329 Qualifying companies

s.329 Onshore and offshore oil-related activities

s.329 Accounting periods and straddling periods

s.329 The relevant percentage

s.329 Restrictions on accounting periods for which additional supplement may be claimed

s.329 Qualifying pre-commencement onshore expenditure

s.329 Unrelieved group ring fence profits

s.329 Additional supplement in respect of a pre-commencement accounting period

s.329 The mixed pool of qualifying pre-commencement onshore expenditure and supplement previously allowed

s.329 Reduction in respect of disposal receipts under CAA 2001

s.329 Reduction in respect of unrelieved group ring fence profits

s.329 The reference amount for a pre-commencement period

s.329 Supplement in respect of post-commencement period

s.329 Amount of post-commencement additional supplement for a post-commencement period

s.329 Onshore ring fence losses

s.329 The onshore ring fence pool

s.329 Reductions in respect of utilised onshore ring fence losses

s.329 Reductions in respect of unrelieved group ring fence profits

s.329 The reference amount for a post-commencement period

s.332 Assessment, recovery and postponement of supplementary charge

s.332 Overview

s.332 Meaning of “qualifying oil field”

s.332 Meaning of “investment expenditure”

s.332 Generation of investment allowance

s.332 Expenditure incurred before field is determined

s.332 Expenditure on acquisition of asset: disqualifying conditions

s.332 Restriction where field qualified for field allowance as new field

s.332 Restriction where project in additionally-developed field qualified for field allowance

s.332 Restriction relating to fields qualifying for onshore allowance

s.332 Reduction of adjusted ring fence profits

s.332 Carrying forward of activated allowance

s.332 Activation of allowance: no change of equity share

s.332 The closing balance of unactivated allowance for an accounting period

s.332 Activation limit for former additionally-developed fields

s.332 Carrying forward of unactivated allowance

s.332 Reference periods

s.332 Activation of allowance: reference periods

s.332 Unactivated amounts attributable to a reference period

s.332 Carry-forward of unactivated allowance from a reference period

s.332 Introduction to sections 332IA and 332IB

s.332 Reduction of allowance if equity is disposed of

s.332 Acquisition of allowance if equity acquired

s.332 Adjustments

s.332 Regulations amending specified percentages

s.332 When expenditure is incurred

s.332 Other definitions

s.335 Carrying part of pool of field allowances into following period

s.336 Carrying whole of pool of field allowances into following period

s.348 Adjustments

s.351 “Authorisation of development of an oil field”

s.354 “Ultra heavy oil field”

Part 8

Profits arising from the exploitation of patents etc

86 of 86 sections shown

s.357 Election for special treatment of profits from patents etc

amended 12 times

s.357 Meaning of “qualifying company”

amended 12 times

s.357 Meaning of “exclusive licence”

amended 12 times

s.357 Rights to which this Part applies

amended 12 times

s.357 Rights to which this Part applies: EU rights

amended 12 times

s.357 The development condition

amended 12 times

s.357 Meaning of “qualifying development”

amended 12 times

s.357 The active ownership condition

amended 12 times

s.357 Relevant IP profits

amended 12 times

s.357 Finance income

amended 12 times

s.357 Relevant IP income

amended 12 times

s.357 Notional royalty

amended 12 times

s.357 Excluded income

amended 12 times

s.357 Mixed sources of income

amended 12 times

s.357 Excluded debits

amended 12 times

s.357 Certain amounts not to be deducted from sub-streams at Step 4 of section 357BF

amended 12 times

s.357 Routine return figure

amended 12 times

s.357 Routine deductions

amended 12 times

s.357 Deductions that are not routine deductions

amended 12 times

s.357 Marketing assets return figure

amended 12 times

s.357 Notional marketing royalty

amended 12 times

s.357 Actual marketing royalty

amended 12 times

s.357 Introduction

amended 12 times

s.357 The R&D fraction

amended 12 times

s.357 Qualifying expenditure on relevant R&D undertaken in-house

amended 12 times

s.357 Qualifying expenditure on relevant R&D sub-contracted to unconnected persons

amended 12 times

s.357 Qualifying expenditure on relevant R&D sub-contracted to connected persons

amended 12 times

s.357 Qualifying expenditure on acquisition of relevant qualifying IP rights

amended 12 times

s.357 Cases where the company is a party to a CSA

amended 12 times

s.357 Meaning of the “relevant period” etc

amended 12 times

s.357 Cases where the company is a new entrant with insufficient information about pre-enactment expenditure

amended 12 times

s.357 R&D fraction: increase for exceptional circumstances

amended 12 times

s.357 Profits arising before grant of right

amended 12 times

s.357 Small claims treatment

amended 12 times

s.357 Notional royalty election

amended 12 times

s.357 Small claims figure election

amended 12 times

s.357 Global streaming election

amended 12 times

s.357 Relevant IP profits

amended 12 times

s.357 Meaning of “new qualifying IP right” and “old qualifying IP right”

amended 12 times

s.357 The modifications

amended 12 times

s.357 Relevant IP profits

amended 12 times

s.357 Total gross income of a trade

amended 12 times

s.357 Finance income

amended 12 times

s.357 Relevant IP income

amended 12 times

s.357 Notional royalty

amended 12 times

s.357 Excluded income

amended 12 times

s.357 Mixed sources of income

amended 12 times

s.357 Adjustments in calculating profits of trade

amended 12 times

s.357 Shortfall in R&D expenditure

amended 12 times

s.357 Shortfall in qualifying expenditure

amended 12 times

s.357 Routine return figure

amended 12 times

s.357 Routine deductions

amended 12 times

s.357 Deductions that are not routine deductions

amended 12 times

s.357 Companies eligible to elect for small claims treatment

amended 12 times

s.357 Small claims amount

amended 12 times

s.357 Marketing assets return figure

amended 12 times

s.357 Notional marketing royalty Regulated

Calculate notional marketing royalty using OECD transfer pricing rulesTrader

amended 12 times

s.357 Actual marketing royalty

amended 12 times

s.357 Profits arising before grant of right

amended 12 times

s.357 Alternative method of calculating relevant IP profits: “streaming” Regulated

Apply streaming method for calculating relevant IP profits when conditions metTrader

amended 12 times

s.357 Relevant IP profits

amended 12 times

s.357 Method of allocation Regulated

Use consistent method for IP profit allocation unless circumstances changeTrader

amended 12 times

s.357 The mandatory streaming conditions

amended 12 times

s.357 Company with relevant IP losses: set-off amount

amended 12 times

s.357 Effect of set-off amount on company with more than one trade

amended 12 times

s.357 Allocation of set-off amount within a group

amended 12 times

s.357 Carry-forward of set-off amount

amended 12 times

s.357 Company ceasing to carry on trade, etc

amended 12 times

s.357 Transfer of a trade between group members

amended 12 times

s.357 Payments between group members in consequence of section 357EB

amended 12 times

s.357 Licences conferring exclusive rights

amended 12 times

s.357 Incorporation of qualifying items

amended 12 times

s.357 Tax advantage schemes

amended 12 times

s.357 Making of election under section 357A(1) or (11)(b)

amended 12 times

s.357 Revocation of election made under section 357A(1)

amended 12 times

s.357 Application of this Part in relation to partnerships

amended 12 times

s.357 Meaning of “cost-sharing arrangement

amended 12 times

s.357 Application of this Part in relation to transferred trades

amended 12 times

s.357 Qualifying IP right held by another party to CSA

amended 12 times

s.357 Exclusive licence held by another party to CSA

amended 12 times

s.357 R&D undertaken or contracted out by another party to CSA

amended 12 times

s.357 Acquisition of qualifying IP rights etc by another party to CSA

amended 12 times

s.357 Treatment of expenditure in connection with formation of CSA etc

amended 12 times

s.357 Treatment of income in connection with formation of CSA etc

amended 12 times

s.357 Meaning of “group”

amended 12 times

s.357 Other interpretation

amended 12 times

Part 8

Trading profits taxable at the Northern Ireland rate

166 of 166 sections shown

s.357 Introduction

amended 12 times

s.357 The Northern Ireland rate

amended 12 times

s.357 Power of Northern Ireland Assembly to set Northern Ireland rate

amended 12 times

s.357 Introductory

amended 12 times

s.357 Profits chargeable to corporation tax and rates

amended 12 times

s.357 Availability of relief

amended 12 times

s.357 Restriction on deductions

amended 12 times

s.357 Availability of relief

amended 12 times

s.357 Restriction on deductions

amended 12 times

s.357 Availability of relief

amended 12 times

s.357 Restriction on deductions

amended 12 times

s.357 Modifications of Chapter 4 of Part 5

amended 12 times

s.357 Availability of relief

amended 12 times

s.357 Restriction on deductions

amended 12 times

s.357 Modifications of Chapter 4 of Part 5A

amended 12 times

s.357 Modifications of Chapter 5 of Part 5A

amended 12 times

s.357 Transfers of trade without a change of ownership

amended 12 times

s.357 Restricted deduction: Northern Ireland rate lower than main rate

amended 12 times

s.357 Application of Chapter

amended 12 times

s.357 “Northern Ireland company”

amended 12 times

s.357 “Qualifying trade”

amended 12 times

s.357 “SME”

amended 12 times

s.357 “Northern Ireland employer”

amended 12 times

s.357 Northern Ireland workforce conditions

amended 12 times

s.357 “Disqualified close company”

amended 12 times

s.357 Northern Ireland regional establishments of companies

amended 12 times

s.357 Agent of independent status

amended 12 times

s.357 Alternative finance arrangements

amended 12 times

s.357 The independent broker condition

amended 12 times

s.357 The independent investment manager conditions

amended 12 times

s.357 Investment managers: the 20% rule

amended 12 times

s.357 Section 357LE: interpretation

amended 12 times

s.357 Application of 20% rule to collective investment schemes

amended 12 times

s.357 Meaning of “investment manager” and “investment transaction”

amended 12 times

s.357 Lloyd's agents

amended 12 times

s.357 Investment managers: disregard of certain chargeable profits

amended 12 times

s.357 Miscellaneous

amended 12 times

s.357 Introductory

amended 12 times

s.357 Northern Ireland profits or losses and mainstream profits or losses

amended 12 times

s.357 Profit imputed to back-office activities

amended 12 times

s.357 Introductory

amended 12 times

s.357 Northern Ireland profits or losses and mainstream profits or losses

amended 12 times

s.357 Profit imputed to Northern Ireland back-office activities

amended 12 times

s.357 The separate enterprise principle

amended 12 times

s.357 Transactions treated as being on arm's length terms

amended 12 times

s.357 Provision of goods or services for NIRE

amended 12 times

s.357 Allowable deductions

amended 12 times

s.357 Deductions attributable to the NI RE for costs

amended 12 times

s.357 Payments and receipts in respect of intangible assets

amended 12 times

s.357 Interest or other financing costs and receipts

amended 12 times

s.357 Losses

amended 12 times

s.357 Trade includes office

amended 12 times

s.357 Introductory

amended 12 times

s.357 Rules affecting calculation of Northern Ireland profits or losses

amended 12 times

s.357 Northern Ireland intangibles credits and debits: SMEs that are Northern Ireland employers

amended 12 times

s.357 Northern Ireland intangibles credits and debits: SMEs that are not Northern Ireland employers and large companies

amended 12 times

s.357 “Realisation credit” and “realisation debit”

amended 12 times

s.357 The Northern Ireland element of a realisation credit or debit

amended 12 times

s.357 Northern Ireland element: general rule

amended 12 times

s.357 Northern Ireland element: credits where roll-over relief involved

amended 12 times

s.357 Pre-commencement asset

amended 12 times

s.357 Goodwill

amended 12 times

s.357 Assets representing production expenditure on films

amended 12 times

s.357 Fungible assets

amended 12 times

s.357 Realisation and acquisition of fungible assets

amended 12 times

s.357 Assets whose value derives from pre-commencement assets

amended 12 times

s.357 The pre-commencement status conditions

amended 12 times

s.357 Assets acquired in connection with disposals of pre-commencement assets

amended 12 times

s.357 Interpretation of Chapter

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 R&D expenditure credit ...

amended 12 times

s.357 Additional deduction under section 1044 of CTA 2009

amended 12 times

s.357 Tax credit under section 1054 of CTA 2009: entitlement

amended 12 times

s.357 Tax credit under section 1054 of CTA 2009: amount of tax credit

amended 12 times

s.357 Restriction on losses carried forward where tax credit claimed

amended 12 times

s.357 Additional deduction under section 1087 of CTA 2009

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Additional deduction

amended 12 times

s.357 Tax credit: entitlement

amended 12 times

s.357 Tax credit: amount of tax credit

amended 12 times

s.357 Restriction on losses carried forward where tax credit claimed

amended 12 times

s.357 Application and interpretation

amended 12 times

s.357 Expenditure credit to count towards mainstream profits or losses

amended 12 times

s.357 Carrying forward of production losses

amended 12 times

s.357 Transfer of terminal loss

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Film tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Artificially inflated claims for additional deduction

amended 12 times

s.357 Restriction on use of losses while film is in production

amended 12 times

s.357 Use of losses in later periods

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Artificially inflated claims for additional deduction

amended 12 times

s.357 Restriction on use of losses while programme in production

amended 12 times

s.357 Use of losses in later periods

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Artificially inflated claims for additional deduction

amended 12 times

s.357 Restriction on use of losses while video game in development

amended 12 times

s.357 Use of losses in later periods

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Transactions not entered into for genuine commercial reasons

amended 12 times

s.357 Restriction on use of losses before completion period

amended 12 times

s.357 Use of losses in the completion period

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Provisional entitlement to relief

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Orchestra tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Restriction on use of losses before completion period

amended 12 times

s.357 Use of losses in the completion period

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Introduction and interpretation

amended 12 times

s.357 Northern Ireland additional deduction

amended 12 times

s.357 Northern Ireland supplementary deduction

amended 12 times

s.357 Northern Ireland supplementary deduction: amount

amended 12 times

s.357 Museums and galleries exhibition tax credit: Northern Ireland supplementary deduction ignored

amended 12 times

s.357 Restriction on use of losses before completion period

amended 12 times

s.357 Use of losses in the completion period

amended 12 times

s.357 Terminal losses

amended 12 times

s.357 Introductory

amended 12 times

s.357 Modification of section 357A

amended 12 times

s.357 Relevant Northern Ireland IP profits: SMEs that are Northern Ireland employers

amended 12 times

s.357 Relevant Northern Ireland IP profits: SMEs that are not Northern Ireland employers and large companies

amended 12 times

s.357 Relevant IP losses

amended 12 times

s.357 Interpretation of Chapter

amended 12 times

s.357 Introductory

amended 12 times

s.357 Meaning of “Northern Ireland firm”

amended 12 times

s.357 Meaning of “qualifying partnership trade”

amended 12 times

s.357 Northern Ireland workforce partnership conditions

amended 12 times

s.357 Section 357WBA: supplementary

amended 12 times

s.357 “Disqualified firm”

amended 12 times

s.357 Northern Ireland profits etc of firm determined under Chapter 6

amended 12 times

s.357 Northern Ireland profits etc of firm determined under Chapter 7

amended 12 times

s.357 Sections 357WC and 357WD: interpretation

amended 12 times

s.357 Application of section 747 of CTA 2009 to Northern Ireland firm

amended 12 times

s.357 Application of Part 8A to Northern Ireland firm

amended 12 times

s.357 Allocation of Northern Ireland profits etc of firm to company

amended 12 times

s.357 Introduction

amended 12 times

s.357 Oil activities

amended 12 times

s.357 Lending and investment

amended 12 times

s.357 Investment management

amended 12 times

s.357 Insurance: long-term business

amended 12 times

s.357 Re-insurance trade

amended 12 times

s.357 Re-insurance activity

amended 12 times

s.357 Exploration and exploitation of UK sector of continental shelf

amended 12 times

s.357 Power to amend definition of “excluded trade” or “excluded activity”

amended 12 times

s.357 Power to make provision about meaning of “back-office activities”

amended 12 times

Part 8

Restitution interest

26 of 26 sections shown

s.357 Charge to corporation tax on restitution interest

amended 12 times

s.357 Restitution interest chargeable as income

amended 12 times

s.357 Meaning of “restitution interest”

amended 12 times

s.357 Further provision about amounts included, or not included, in “restitution interest”

amended 12 times

s.357 Life insurance companies: amounts representing policyholder income

amended 12 times

s.357 Period in which amounts are to be brought into account

amended 12 times

s.357 Companies without GAAP-compliant accounts

amended 12 times

s.357 Restitution interest: appeals made out of time

amended 12 times

s.357 Countering effect of avoidance arrangements

amended 12 times

s.357 Interpretation of section 357YH

amended 12 times

s.357 Examples of results that may indicate exclusion not applicable

amended 12 times

s.357 Corporation tax rate on restitution interest

amended 12 times

s.357 Exclusion of reliefs, set-offs etc

amended 12 times

s.357 Assignment of rights to person not chargeable to corporation tax

amended 12 times

s.357 Migration of company with claim to restitution interest

amended 12 times

s.357 Transfer of rights: restitution interest arising after a winding up or dissolution

amended 12 times

s.357 Meaning of “related company”

amended 12 times

s.357 Duty to deduct tax from payments of restitution interest

amended 12 times

s.357 Treatment of amounts deducted under section 357YO

amended 12 times

s.357 Assessment of tax chargeable on restitution interest Regulated

Pay corporation tax on restitution interest within 30 days of HMRC assessment noticeTrader

amended 12 times

s.357 Interest on excessive amounts withheld

amended 12 times

s.357 Appeal against deduction

amended 12 times

s.357 Amounts taxed at restitution payments rate to be outside instalment payments regime

amended 12 times

s.357 Interpretation

amended 12 times

s.357 Relationship of Part with other corporation tax provisions

amended 12 times

s.357 Power to amend

amended 12 times

Part 9

Leasing plant or machinery

45 of 94 sections shown

s.377 Lessee under long funding finance lease: limit on deductions Regulated

Limit lease deductions to finance charges when calculating corporation taxTrader

amended 1 time (opens in a new tab)

s.377 Lessee under long funding finance leases: right-of-use leases

amended 1 time

s.381 Interpretation of Chapter

amended 1 time (opens in a new tab)

s.382 Introduction to Chapter

amended 3 times (opens in a new tab)

s.383 Income and matching expense in different accounting periods

amended 1 time (opens in a new tab)

s.385 No carry back of loss against the income

amended 3 times (opens in a new tab)

s.387 “Business of leasing plant or machinery”

amended 2 times (opens in a new tab)

s.389 Provision supplementing section 388

amended 1 time (opens in a new tab)

s.390 Relevant plant or machinery value where relevant company lessee under long funding lease etc

amended 1 time (opens in a new tab)

s.391 Relevant company's income for condition B in section 387

amended 1 time (opens in a new tab)

s.392 “Relevant change in relationship”

amended 2 times (opens in a new tab)

s.393 Qualifying 75% subsidiaries

amended 1 time (opens in a new tab)

s.394 Consortium relationships

amended 4 times (opens in a new tab)

s.394 “Qualifying change of ownership”

amended 4 times

s.394 Company joining tonnage tax group

amended 4 times

s.398 “Qualifying 75% ... subsidiary” etc

amended 3 times (opens in a new tab)

s.398 Election out of qualifying change of ownership

amended 3 times

s.398 The election

amended 3 times

s.398 Special treatment of A's trade or business that includes leasing

amended 3 times

s.398 Restrictions on use of losses etc

amended 3 times

s.398 Restriction on artificial losses or reductions in profits

amended 3 times

s.398 Limit on availability of capital allowances to A

amended 3 times

s.398 Transfers into and out of A

amended 3 times

s.401 Provisions supplementing section 400

amended 1 time (opens in a new tab)

s.402 “PM” where relevant company lessee under long funding lease etc

amended 1 time (opens in a new tab)

s.403 “TWDV” in section 399

amended 3 times (opens in a new tab)

s.405 Adjustment to the basic amount: qualifying 75% subsidiaries

amended 2 times (opens in a new tab)

s.408 “Associated company”

amended 1 time (opens in a new tab)

s.410 “Business of leasing plant or machinery”

amended 2 times (opens in a new tab)

s.412 Provision supplementing section 411

amended 1 time (opens in a new tab)

s.413 Relevant plant or machinery value where partnership lessee under long funding lease etc

amended 1 time (opens in a new tab)

s.414 Partnership's income for condition B in section 410

amended 1 time (opens in a new tab)

s.421 The amount of the income: the basic amount

amended 3 times (opens in a new tab)

s.427 No carry back of loss against the income

amended 3 times (opens in a new tab)

s.430 “Associated company”

amended 1 time (opens in a new tab)

s.432 Restrictions on relief for Chapter 3 or 4 expenses: introduction

amended 3 times (opens in a new tab)

s.433 Restrictions applying to the restricted loss amount

amended 5 times (opens in a new tab)

s.433 Restrictions not applying to the restricted loss amount

amended 5 times

s.434 Introduction to sections 435 and 436

amended 2 times (opens in a new tab)

s.435 Disregard of increases and decreases in certain amounts

amended 6 times (opens in a new tab)

s.436 Balance sheet amounts determined on assumption company has no liabilities

amended 1 time (opens in a new tab)

s.437 Interpretation of the sales of lessors Chapters

amended 4 times (opens in a new tab)

s.437 Determining the ascribed value of plant or machinery

amended 4 times

s.437 Section 437A: supplementary

amended 4 times

s.437 Present value of a lease

amended 4 times

49 other sections in this Part — procedural and definitional

s.358 Introduction to Part

s.359 Overview of Chapter

s.360 Lessor under long funding finance lease: rental earnings

s.361 Lessor under long funding finance lease: exceptional items

s.362 Lessor under long funding finance lease making termination payment

s.363 Lessor under long funding operating lease: periodic deduction

s.364 “Starting value”: general

s.365 “Starting value” where plant or machinery originally unqualifying

s.366 Long funding operating lease: lessor's additional expenditure

s.367 Determination of remaining residual value resulting from lessor's first additional expenditure

s.368 Determination of remaining residual value resulting from lessor's further additional expenditure

s.369 Lessor under long funding operating lease: termination of lease

s.370 Plant or machinery held as trading stock

s.371 Adjustments where sections 360 to 369 subsequently disapplied by section 370

s.372 Lessor also lessee under non-long funding lease

s.373 Other avoidance

s.374 Provision supplementing section 373

s.375 Adjustments where sections 360 to 369 subsequently disapplied by section 373

s.376 Films

s.378 Lessee under long funding finance lease: termination

s.379 Lessee under long funding operating lease

s.380 “Starting value” in section 379

s.384 Amount of income and expense

s.386 Relief for expense otherwise giving rise to carried forward loss

s.388 “Relevant plant or machinery value” for condition A in section 387

s.395 No qualifying change of ownership in certain intra-group reorganisations

s.396 No qualifying change of ownership where principal company's interest in consortium company unchanged

s.397 Companies owned by consortiums and members of consortiums

s.399 The amount of the income: the basic amount

s.400 “PM” in section 399

s.404 Amount to be nil if basic amount negative

s.406 Adjustment to the basic amount: consortium relationships

s.407 Migration

s.409 Introduction to Chapter

s.411 “Relevant plant or machinery value” for condition A in section 410

s.415 “Qualifying change” in company's interest in a business

s.416 Determining the percentage share in the profits or loss of business

s.417 Partner company's income and other companies' matching expense

s.418 Amount of income and expense

s.419 Relief for expense otherwise giving rise to carried forward loss

s.420 Exception: companies carrying on business ceasing to share in its profits

s.422 Amount to be nil if basic amount negative

s.423 Adjustment to the basic amount

s.424 The amount of expense

s.425 Partner company's income and matching expense in different accounting periods

s.426 Amount of income and expense

s.428 Relief for expense otherwise giving rise to carried forward loss

s.429 The amount of the income

s.431 “Profits” and “loss”

Part 10

Close companies

12 of 34 sections shown

s.438 Overview of Part

amended 3 times (opens in a new tab)

s.442 Particular types of company

amended 1 time (opens in a new tab)

s.449 “Associated company”

amended 1 time (opens in a new tab)

s.450 “Control”

amended 3 times (opens in a new tab)

s.451 Section 450: rights to be attributed etc

amended 2 times (opens in a new tab)

s.454 “Participator”

amended 2 times (opens in a new tab)

s.455 Charge to tax in case of loan to participator

amended 2 times (opens in a new tab)

s.456 Exceptions to the charge under section 455

amended 1 time (opens in a new tab)

s.459 Loan treated as made to participator

amended 2 times (opens in a new tab)

s.463 Taxation of debtor on release of loan to trustees of settlement which has ended

amended 1 time (opens in a new tab)

s.464 Section 464ZA : supplementary Regulated

Amend your tax return if it becomes incorrect due to section 464ZAAny Person

s.465 Power to obtain information

amended 2 times (opens in a new tab)

22 other sections in this Part — procedural and definitional

s.439 “Close company”

s.440 Basis of winding up under section 439(3)

s.441 Treatment of some persons as participators or directors for the purposes of section 439(3)

s.443 Companies controlled by or on behalf of Crown

s.444 Companies involved with non-close companies

s.445 Section 444: registered pension schemes

s.446 Particular types of quoted company

s.447 Section 446: meaning of “shares beneficially held by the public” etc

s.448 “Associate”

s.452 “Director”

s.453 “Loan creditor”

s.457 Section 456: meaning of “material interest in a company”

s.458 Relief in case of repayment or release of loan

s.460 Loan treated as made by close company

s.461 Exception to section 460

s.462 Determination of particular questions as a result of section 460

s.464 Section 463: other person treated as releasing or writing off debt

s.464 Charge to tax: arrangements conferring benefit on participator

s.464 Relief in case of return payment to company

s.464 Treatment of certain repayments and return payments

s.464 Section 464C: supplementary

s.464 Treatment of certain repayments

Part 11

Charitable companies etc

16 of 56 sections shown

s.466 Overview of Part

amended 1 time (opens in a new tab)

s.467 Meaning of “charitable company”

amended 1 time (opens in a new tab)

s.468 Meaning of “eligible body”

amended 2 times (opens in a new tab)

s.472 Gifts qualifying for gift aid relief: corporation tax liability and exemption

amended 1 time (opens in a new tab)

s.472 Gifts under payroll deduction schemes: corporation tax liability and exemption

amended 1 time

s.475 Gifts qualifying for gift aid relief: income tax treated as paid and exemption

amended 1 time (opens in a new tab)

s.481 Exemption from charges under provisions to which section 1173 applies

amended 2 times (opens in a new tab)

s.482 Condition as to trading and miscellaneous incoming resources

amended 5 times (opens in a new tab)

s.486 Exemption for investment income and non-trading profits from loan relationships

amended 2 times (opens in a new tab)

s.496 Meaning of “non-charitable expenditure”

amended 2 times (opens in a new tab)

s.500 Section 496(1)(d): payment to body outside the UK

amended 1 time (opens in a new tab)

s.508 Donors: exceptions

amended 1 time (opens in a new tab)

s.511 Approved charitable investments

amended 9 times (opens in a new tab)

s.512 Securities which are approved charitable investments

amended 1 time (opens in a new tab)

s.515 Excess expenditure treated as non-charitable expenditure of earlier periods

amended 1 time (opens in a new tab)

s.516 Rules for attributing excess expenditure to earlier periods Regulated

Allocate excess charitable spending to previous tax yearsTrader

40 other sections in this Part — procedural and definitional

s.469 Conditions for qualifying as a scientific research association

s.470 Meaning of “research and development” in section 469

s.471 Gifts qualifying for gift aid relief: income tax treated as paid

s.473 Gifts of money from companies: corporation tax liability and exemption

s.474 Payments from other charities: corporation tax liability and exemption

s.474 Legacies: corporation tax liability and exemption

s.476 Gifts of money from companies: exemption

s.477 Gifts of money from companies: exemption

s.477 Claims in relation to gift aid relief

s.478 Exemption for profits etc of charitable trades

s.479 Meaning of “charitable trade”

s.480 Exemption for profits of small-scale trades

s.483 Exemption for profits from fund-raising events

s.484 Exemption for profits from lotteries

s.485 Exemption for property income etc

s.487 Exemption for public revenue dividends

s.488 Exemption for certain miscellaneous income

s.489 Exemption for income from estates in administration

s.490 Eligible bodies

s.491 Scientific research associations

s.491 Claims in relation to certain reliefs

s.492 Restrictions on exemptions

s.493 The non-exempt amount

s.494 Attributing income to the non-exempt amount

s.495 How income is attributed to the non-exempt amount

s.497 Section 496: supplementary

s.498 Section 496(1)(d): meaning of expenditure

s.499 Section 496(1)(d): accounting period in which certain expenditure treated as incurred

s.501 Section 496(1)(g) and (h): investments and loans

s.502 Transactions with substantial donors

s.503 Meaning of “relievable gift”

s.504 Non-charitable expenditure in substantial donor transactions

s.505 Adjustment if section 504(1) and (2) applied to single transaction

s.506 Section 504: certain payments and benefits to be ignored

s.507 Transactions: exceptions

s.509 Connected charities

s.510 Substantial donor transactions: supplementary

s.513 Conditions to be met for some securities

s.514 Approved charitable loans

s.517 Adjustments in consequence of section 515

Part 12

Real Estate Investment Trusts

55 of 107 sections shown

s.525 Notice under section 523 or 524: supplementary

amended 2 times (opens in a new tab)

s.527 Being a UK REIT in relation to an accounting period Regulated

Meet all conditions to be a UK Real Estate Investment Trust (REIT)Trader

amended 7 times (opens in a new tab)

s.528 Conditions for company

amended 31 times (opens in a new tab)

s.528 Further condition relating to shares

amended 31 times

s.528 Relaxation of section 528A condition for accounting periods 1 to 3

amended 31 times

s.528 Listing requirement: ownership by institutional investors

amended 31 times

s.528 Genuine diversity of ownership condition

amended 31 times

s.529 Conditions as to property rental business

amended 10 times (opens in a new tab)

s.530 Condition as to distribution of profits

amended 6 times (opens in a new tab)

s.530 Condition as to distribution of profits: increase in profits after delivery of tax return

amended 6 times

s.531 Conditions as to balance of business

amended 17 times (opens in a new tab)

s.532 Financial statements for group UK REITs Regulated

Prepare three financial statements for group UK REIT each accounting periodDirector or Officer

s.533 Financial statements: supplementary

amended 6 times (opens in a new tab)

s.534 Profits

amended 4 times (opens in a new tab)

s.535 Gains

amended 4 times (opens in a new tab)

s.535 Gains: disposals of rights or interests in UK property rich companies

amended 4 times

s.535 Section 535A: use of pre-April 2019 residual business losses or deficits

amended 4 times

s.543 Profit: financing-cost ratio

amended 5 times (opens in a new tab)

s.544 Meaning of “property profits” and “property financing costs”

amended 10 times (opens in a new tab)

s.545 Cancellation of tax advantage

amended 1 time (opens in a new tab)

s.547 Funds awaiting reinvestment

amended 2 times (opens in a new tab)

s.548 Distributions: liability to tax

amended 2 times (opens in a new tab)

s.549 Distributions: supplementary

amended 7 times (opens in a new tab)

s.549 Distributions from one UK REIT to another UK REIT

amended 7 times

s.550 Attribution of distributions

amended 9 times (opens in a new tab)

s.551 Tax consequences of distribution to holder of excessive rights

amended 3 times (opens in a new tab)

s.552 “The section 552 amount”

amended 4 times (opens in a new tab)

s.553 Meaning of “holder of excessive rights” and “excluded holder”

amended 4 times (opens in a new tab)

s.556 Disposal of assets

amended 13 times (opens in a new tab)

s.558 Demergers: disposal of asset

amended 3 times (opens in a new tab)

s.559 Demergers: company leaving group UK REIT

amended 3 times (opens in a new tab)

s.561 Notice of breach of relevant Chapter 2 condition

amended 3 times (opens in a new tab)

s.562 Breach of condition C in section 528 (conditions for company)

amended 8 times (opens in a new tab)

s.562 Breach of condition D in section 528 (conditions for company)

amended 8 times

s.562 Breach of further condition relating to shares

amended 8 times

s.562 Breach of further condition relating to shares in accounting periods 1, 2 and 3

amended 8 times

s.563 Breach of property rental business condition

amended 2 times (opens in a new tab)

s.564 Breach of condition as to distribution of profits

amended 4 times (opens in a new tab)

s.565 “The section 565 amount”

amended 7 times (opens in a new tab)

s.566 Breach of condition B in section 531 in accounting period 1

amended 1 time (opens in a new tab)

s.567 Meaning of “the notional amount”

amended 1 time (opens in a new tab)

s.568 Breach of balance of business conditions after accounting period 1

amended 1 time (opens in a new tab)

s.572 Termination by notice: officer of Revenue and Customs

amended 4 times (opens in a new tab)

s.575 Notice under section 572: breach of conditions as to property rental business

amended 4 times (opens in a new tab)

s.577 Notice under section 572: multiple breaches of conditions in Chapter 2

amended 4 times (opens in a new tab)

s.578 Automatic termination for breach of certain conditions in section 528 Regulated

Notify HMRC if your company no longer meets REIT conditionsTrader

s.582 Early exit

amended 1 time (opens in a new tab)

s.583 Overview of Chapter

amended 1 time (opens in a new tab)

s.588 Effect of notice under section 586

amended 1 time (opens in a new tab)

s.589 Effect of notice under section 587

amended 1 time (opens in a new tab)

s.599 Calculation of profits

amended 1 time (opens in a new tab)

s.599 Amount of distribution consisting of share capital issued in lieu of cash dividend

amended 1 time

s.601 Availability of group reliefs

amended 2 times (opens in a new tab)

s.605 Property rental business: exclusion of business producing listed income

amended 3 times (opens in a new tab)

s.606 Groups

amended 4 times (opens in a new tab)

52 other sections in this Part — procedural and definitional

s.518 Introduction to Part

s.519 “Property rental business”

s.520 “UK property rental business” of non-UK companies

s.521 “UK company” and “non-UK company”

s.522 “Residual business”

s.523 Notice for a group of companies to become a UK REIT

s.524 Notice for a company to become a UK REIT

s.526 Duration of status as UK REIT

s.536 Effects of entry: corporation tax

s.537 Effects of entry: CAA 2001

s.538 Entry charge

s.539 Calculation of the notional amount

s.540 Election to treat notional income as arising in instalments

s.541 Ring-fencing of property rental business

s.542 Disapplication of certain provisions

s.546 Appeal against notice under section 545

s.554 Regulations: distributions to holders of excessive rights

s.554 Meaning of “distribution”

s.555 Assets: change of use

s.557 Movement of assets into ring fence

s.560 Interpretation of Chapter

s.569 Chapter subject to section 572

s.570 Overview of Chapter

s.571 Termination by notice: group or company

s.573 Notice under section 572: tax advantage

s.573 Notice under section 572: condition D in section 528 not met

s.573 Notice under section 572: further condition relating to shares not met

s.574 Notice under section 572: serious breach

s.576 Notice under section 572: breach of conditions as to balance of business

s.579 Effects of cessation: corporation tax

s.580 Effects of cessation: CAA 2001

s.581 Early exit by notice

s.584 Meaning of “joint venture company” and “joint venture group”

s.585 Meaning of “venturing group” and “venturing company”

s.586 Notice for Part to apply: joint venture company

s.587 Notice for Part to apply: joint venture group

s.590 Duration of notice under section 586 or 587

s.591 Conditions as to balance of business

s.592 Joint venture groups: financial statements

s.593 Financial statements under section 532: joint venture groups

s.594 Modifications of Chapter 3

s.595 Joint venture company liable for additional charge

s.596 Member of joint venture group liable for additional charge

s.597 Cases where no additional charge due

s.598 Chapter 10: supplementary

s.600 Power to make regulations about cases involving related persons

s.602 Effect of deemed disposal and reacquisition

s.603 Regulations

s.604 Property rental business: exclusion of listed business

s.607 Meaning of “entry” and “cessation” etc

s.608 References to assets

s.609 Definitions

Part 13

Other special types of company etc

21 of 71 sections shown

s.610 Discretionary payments by trustees to companies

amended 1 time (opens in a new tab)

s.614 Applicable corporation tax rate

amended 3 times (opens in a new tab)

s.618 Applicable corporation tax rate

amended 3 times (opens in a new tab)

s.620 Court investment funds

amended 3 times (opens in a new tab)

s.624 Power to make regulations about the taxation of securitisation companies

amended 3 times (opens in a new tab)

s.625 Regulations: supplementary

amended 1 time (opens in a new tab)

s.627 Meaning of “main rate of corporation tax” for companies with ring fence profits or small profits

amended 3 times (opens in a new tab)

s.628 Company in liquidation: corporation tax rates

amended 1 time (opens in a new tab)

s.630 Company in administration: corporation tax rates

amended 1 time (opens in a new tab)

s.635 Application of Chapter

amended 4 times (opens in a new tab)

s.645 Tests to be satisfied by the association Regulated

Co-operative housing associations must meet specific criteria for tax reliefAny Person

amended 1 time (opens in a new tab)

s.653 Approval of self-build societies

amended 1 time (opens in a new tab)

s.654 Delegation of powers to the Regulator of Social Housing

amended 1 time (opens in a new tab)

s.655 Claims under section 651 or 652 Regulated

Submit Corporation Tax relief claims for self-build societiesAny Person

s.658 Meaning of “community amateur sports club” and “registered club”

amended 6 times (opens in a new tab)

s.659 Meaning of “open to the whole community”

amended 2 times (opens in a new tab)

s.660 Meaning of “organised on an amateur basis”

amended 13 times (opens in a new tab)

s.660 Clubs consisting mainly of social members

amended 13 times

s.662 Exemption for UK trading income

amended 3 times (opens in a new tab)

s.663 Exemption for UK property income

amended 3 times (opens in a new tab)

s.664 Exemption for interest , gift aid and company gift income

amended 4 times (opens in a new tab)

50 other sections in this Part — procedural and definitional

s.611 Income tax provisions to apply in relation to trustees' expenses

s.612 Overview of Chapter

s.613 Meaning of “open-ended investment company”

s.615 Umbrella companies

s.616 Meaning of “authorised unit trust” and “unit holder”

s.617 Authorised unit trust treated as UK resident company

s.619 Umbrella schemes

s.621 Treatment of income

s.622 Treatment of capital expenditure

s.622 Power to make provision about treatment of transactions

s.623 Meaning of “securitisation company”

s.626 Meaning of “final year”, “penultimate year” etc

s.629 Company in liquidation: making of assessment to tax

s.631 Company in administration: making of assessment to tax

s.632 Meaning of rate being “fixed” or “proposed”

s.633 Exemption for interest on overpaid tax in final accounting period

s.634 Overview of Chapter

s.636 Charge to corporation tax on winding up receipts

s.637 Transfer of rights to payment

s.638 Allowable deductions

s.639 Election to carry back

s.640 Relationship of Chapter with other corporation tax provisions

s.641 Interpretation of Chapter

s.642 Disregard of rent from members and of interest payable

s.643 Exemption for gains on a sale of property

s.644 Approval of housing associations

s.646 Delegation of powers to the Regulator of Social Housing

s.647 Claims under section 642 or 643

s.648 Adjustments of liability

s.649 Power to make further provision

s.650 Meaning of “self-build society”

s.651 Disregard of rent from members

s.652 Exemption for gains on disposals of land to members

s.656 Adjustments of liability

s.657 Power to make further provision

s.661 Meaning of “eligible sport”, “qualifying purposes” etc

s.661 The location condition

s.661 The management condition

s.661 Periods over which management condition treated as met

s.661 The income condition

s.661 Tax treatment of gifts qualifying for gift aid relief

s.661 Tax treatment of gifts of money from companies

s.665 Exemption for chargeable gains

s.665 Claims in relation to interest , gift aid and company gift income

s.666 Exemptions reduced if non-qualifying expenditure incurred

s.667 Rules for attributing surplus amount to earlier periods etc

s.668 How income and gains are attributed

s.669 Asset ceasing to be held for qualifying purposes etc

s.670 Notification of

s.671 Appeals

Part 14

Change in company ownership

71 of 104 sections shown

s.672 Overview of Part

amended 3 times (opens in a new tab)

s.673 Introduction to Chapter

amended 2 times (opens in a new tab)

s.674 Disallowance of trading losses

amended 2 times (opens in a new tab)

s.674 Section 674: exception for certain losses of ring fence trade

amended 2 times

s.676 Company reconstructions

amended 4 times (opens in a new tab)

s.676 Introduction to Chapter

amended 4 times

s.676 Priority of provisions of Chapters 2 and 3 over this Chapter

amended 4 times

s.676 “Major change in the business” of a company

amended 4 times

s.676 Notional split of accounting period in which change in ownership occurs

amended 4 times

s.676 “Affected profits”

amended 4 times

s.676 Restriction on use of carried-forward post-1 April 2017 trade losses

amended 4 times

s.676 Restriction on debits to be brought into account

amended 4 times

s.676 Restriction on the carry forward of post-1 April 2017 non-trading deficit from loan relationships

amended 4 times

s.676 Restriction on relief for post-1 April 2017 non-trading loss on intangible fixed assets

amended 4 times

s.676 Restriction on deduction of post-1 April 2017 expenses of management

amended 4 times

s.676 Restriction on use of post-1 April 2017 UK property business losses

amended 4 times

s.676 “Co-transferred company” and “related company”

amended 4 times

s.676 Introduction to Chapter

amended 4 times

s.676 Notional split of accounting period in which change in ownership occurs

amended 4 times

s.676 Disallowance of relief for trade losses

amended 4 times

s.676 Meaning of “the relevant provisions”

amended 4 times

s.676 Meaning of “amount of profits which represents a relevant gain”

amended 4 times

s.676 Introduction to Chapter

amended 4 times

s.676 Restriction on surrender of carried-forward losses

amended 4 times

s.676 Cases where consortium condition 1 or 2 was previously met

amended 4 times

s.676 Cases where consortium condition 3 or 4 was previously met

amended 4 times

s.676 Exceptions to restrictions

amended 4 times

s.676 Cases where Chapter 2, 2A or 3 also applies

amended 4 times

s.676 “Affected profits”

amended 4 times

s.676 “Relevant pre-acquisition loss”

amended 4 times

s.676 Interpretation of Chapter

amended 4 times

s.676 Introduction to Chapter

amended 4 times

s.676 Notional split of accounting period in which change in ownership occurs

amended 4 times

s.676 Disallowance of group relief for carried-forward losses

amended 4 times

s.676 Meaning of “the relevant provisions”

amended 4 times

s.676 Meaning of “amount of profits which represents a relevant gain”

amended 4 times

s.676 Introduction to Chapter

amended 4 times

s.676 Restriction on use of trade losses carried-forward on transfer of trade

amended 4 times

s.676 Restriction on surrender of trade losses carried forward on transfer of trade

amended 4 times

s.676 Indirect transfers of a trade

amended 4 times

s.676 Interpretation of Chapter

amended 4 times

s.677 Introduction to Chapter

amended 2 times (opens in a new tab)

s.681 Restriction on relief for non-trading loss on intangible fixed assets

amended 1 time (opens in a new tab)

s.682 Restriction on the deduction of expenses of management

amended 1 time (opens in a new tab)

s.685 Apportionment of amounts

amended 2 times (opens in a new tab)

s.688 Meaning of “significant increase in the amount of a company's capital”

amended 1 time (opens in a new tab)

s.690 Amount B

amended 1 time (opens in a new tab)

s.692 Introduction to Chapter

amended 4 times (opens in a new tab)

s.696 Restriction on debits to be brought into account

amended 1 time (opens in a new tab)

s.699 Restrictions on the deduction of expenses of management

amended 1 time (opens in a new tab)

s.702 Apportionment of amounts

amended 2 times (opens in a new tab)

s.704 Company carrying on UK property business

amended 2 times (opens in a new tab)

s.705 Company carrying on overseas property business

amended 2 times (opens in a new tab)

s.705 Introduction to Chapter

amended 2 times

s.705 Notional split of accounting period in which change in ownership occurs

amended 2 times

s.705 Restriction on debits to be brought into account

amended 2 times

s.705 Restriction on carry forward of non-trading deficit from loan relationships

amended 2 times

s.705 Restriction on relief for non-trading loss on intangible fixed assets

amended 2 times

s.705 Apportionment of amounts

amended 2 times

s.705 Meaning of certain expressions in section 705F

amended 2 times

s.710 Recovery of unpaid corporation tax for accounting period beginning before change

amended 1 time (opens in a new tab)

s.713 Recovery of unpaid corporation tax for accounting period ending on or after change

amended 1 time (opens in a new tab)

s.719 Meaning of “change in the ownership of a company”

amended 2 times (opens in a new tab)

s.721 When things other than ordinary share capital may be taken into account: Chapters 2 to 5A

amended 4 times (opens in a new tab)

s.723 Changes in indirect ownership

amended 1 time (opens in a new tab)

s.725 Provision applying for the purposes of Chapters 2 to 5A

amended 1 time (opens in a new tab)

s.726 Interpretation of Chapter

amended 1 time (opens in a new tab)

s.727 Extended time limit for assessment

amended 1 time (opens in a new tab)

s.728 Provision of information about ownership of shares etc

amended 1 time (opens in a new tab)

s.729 Meaning of “company with investment business”

amended 1 time (opens in a new tab)

s.730 Meaning of “relevant non-trading debit”

amended 4 times (opens in a new tab)

33 other sections in this Part — procedural and definitional

s.675 Disallowance of trading losses: calculation of balancing charges

s.678 Notional split of accounting period in which change in ownership occurs

s.679 Restriction on debits to be brought into account

s.680 Restriction on the carry forward of non-trading deficit from loan relationships

s.683 Disallowance of UK property business losses

s.684 Disallowance of overseas property business losses

s.686 Meaning of certain expressions in section 685

s.687 Adjustment to balancing charges if relief is restricted

s.689 Amount A

s.691 Meaning of “amount of capital”

s.693 Meaning of “amount of profits which represents a relevant gain”

s.694 Meaning of “the relevant provisions”

s.695 Notional split of accounting period in which change in ownership occurs

s.697 Restriction on the carry forward of non-trading deficit from loan relationships

s.698 Restriction on relief for non-trading loss on intangible fixed assets

s.700 Disallowance of UK property business losses

s.701 Disallowance of overseas property business losses

s.703 Meaning of certain expressions in section 702

s.706 Meaning of “linked” person

s.707 Meaning of “control”

s.708 Rights to be attributed for the purposes of section 707

s.709 Meaning of “the relevant period”

s.711 Conditions relating to company's trade or business

s.712 Meaning of “a major change in the nature or conduct of a trade or business”

s.714 The expectation condition

s.715 Meaning of “transaction entered into in connection with change in ownership”

s.716 Interest

s.717 Effect of payment in pursuance of assessment under section 710 or 713

s.718 Meaning of “associated company”

s.720 Section 719: supplementary

s.722 When things other than ordinary share capital may be taken into account: Chapter 6

s.724 Disregard of change in company ownership

s.724 Disregard of change in parent company

Part 14

Transfer of deductions

4 of 4 sections shown

s.730 Overview

amended 4 times

s.730 Interpretation of Part

amended 4 times

s.730 Disallowance of deductible amounts: relevant claims

amended 4 times

s.730 Disallowance of deductible amounts: profit transfers

amended 4 times

Part 14

Tax avoidance involving carried-forward losses

4 of 4 sections shown

s.730 Overview

amended 4 times

s.730 Meaning of “relevant carried-forward loss”

amended 4 times

s.730 Disallowance of deductions for relevant carried-forward losses

amended 4 times

s.730 Interpretation of section 730G

amended 4 times

Part 15

Transactions in securities

3 of 21 sections shown

s.733 Company liable to counteraction of corporation tax advantage

amended 1 time (opens in a new tab)

s.735 Abnormal dividends used for exemptions or reliefs (circumstance A)

amended 1 time (opens in a new tab)

s.751 Interpretation of Part

amended 3 times (opens in a new tab)

18 other sections in this Part — procedural and definitional

s.731 Overview of Part

s.732 Meaning of “corporation tax advantage”

s.734 Exception where no tax avoidance object shown

s.736 Receipt of consideration representing company's assets, future receipts or trading stock (circumstance C)

s.737 Receipt of consideration in connection with relevant company distribution (circumstance D)

s.738 Receipt of assets of relevant company (circumstance E)

s.739 Meaning of “relevant company” in sections 737 and 738

s.740 Abnormal dividends: general

s.741 Abnormal dividends: the excessive return condition

s.742 Abnormal dividends: the excessive accrual condition

s.743 Preliminary notification that section 733 may apply

s.744 Opposed notifications: statutory declarations

s.745 Opposed notifications: determinations by tribunal

s.746 Counteraction notices

s.747 Timing of assessments in section 738 cases

s.748 Application for clearance of transactions

s.749 Effect of clearance notification under section 748

s.750 Appeals against counteraction notices

Part 16

Factoring of income etc

10 of 32 sections shown

s.756 Partnership shares

amended 3 times (opens in a new tab)

s.758 Type 1 finance arrangement defined

amended 1 time (opens in a new tab)

s.763 Type 2 finance arrangement defined

amended 2 times (opens in a new tab)

s.765 Certain tax consequences not to have effect

amended 1 time (opens in a new tab)

s.767 Type 3 finance arrangement defined

amended 1 time (opens in a new tab)

s.771 Exceptions

amended 2 times (opens in a new tab)

s.774 Accounts

amended 1 time (opens in a new tab)

s.775 Arrangements

amended 1 time (opens in a new tab)

s.776 Assets

amended 3 times (opens in a new tab)

s.778 Certain payments treated as interest

amended 1 time (opens in a new tab)

22 other sections in this Part — procedural and definitional

s.752 Application of Chapter

s.753 Value of transferred income stream treated as income

s.754 Exception: amount otherwise taxed

s.755 Exception: transfer by way of security

s.757 Interpretation of Chapter

s.757 Application of Chapter

s.757 Relevant amount to be treated as income

s.759 Certain tax consequences not to have effect

s.760 Payments treated as borrower's income

s.761 Deemed loan relationship if borrower is a company

s.762 Deemed loan relationship if borrower is partnership with corporate member

s.764 Relevant change in relation to partnership

s.766 Deemed loan relationship

s.768 Certain tax consequences not to have effect

s.769 Deemed loan relationship

s.770 Exceptions: preliminary

s.772 Exceptions: relevant person

s.773 Power to make further exceptions

s.777 Loan or credit transaction defined

s.779 Tax charged on income transferred

s.779 Application of Chapter

s.779 Relevant amount to be treated as income

Part 17

Manufactured payments and repos

7 of 35 sections shown

s.783 Treatment of payer of manufactured dividend

amended 3 times (opens in a new tab)

s.785 Treatment of payer: Real Estate Investment Trusts

amended 2 times (opens in a new tab)

s.791 Treatment of payer of manufactured overseas dividend

amended 3 times (opens in a new tab)

s.793 Section 792: amount treated as withheld

amended 1 time (opens in a new tab)

s.799 Manufactured payments under arrangements with unallowable purpose

amended 1 time (opens in a new tab)

s.805 “Stock lending arrangement”

amended 1 time (opens in a new tab)

s.812 Deemed manufactured payments: stock lending arrangements

amended 3 times (opens in a new tab)

28 other sections in this Part — procedural and definitional

s.780 Overview of Part

s.781 Key definitions

s.782 Meaning of “manufactured dividend”

s.784 Treatment of recipient of manufactured dividend

s.786 Treatment of recipient: Real Estate Investment Trusts

s.787 Exemption of manufactured dividends

s.788 Statements about manufactured dividends

s.789 Powers about administrative provisions

s.790 Meaning of “manufactured overseas dividend”

s.792 Company receiving manufactured overseas dividend from UK resident etc

s.794 Company receiving manufactured overseas dividend from foreign payer

s.795 Exemption of manufactured overseas dividends

s.796 Manufactured dividends: amounts exceeding underlying payments

s.797 Manufactured overseas dividends: amounts exceeding underlying payments

s.798 Manufactured overseas dividends less than underlying payments

s.800 Arrangements with an unallowable purpose

s.801 Sections 799 and 800: supplementary

s.802 Powers about amounts representative of overseas dividends

s.803 Power to deal with special cases

s.804 Regulation-making powers: general

s.806 Section 805: supplementary

s.807 “Creditor repo”, “creditor quasi-repo”, “debtor repo” and “debtor quasi-repo”

s.808 No tax credits for borrower under stock lending arrangement

s.809 No tax credits for lender under creditor repo or creditor quasi-repo

s.810 No tax credits for borrower under debtor repo or debtor quasi-repo

s.811 Arrangements between companies to make distributions

s.813 The gross amount of a manufactured overseas dividend etc

s.814 Other interpretation

Part 17

Manufactured dividends

0 of 4 sections shown

4 other sections in this Part — procedural and definitional

s.814 Overview of Part

s.814 Key definitions

s.814 Treatment of payer of manufactured dividend

s.814 Treatment of recipient of manufactured dividend

Part 18

Transactions in land

0 of 19 sections shown

19 other sections in this Part — procedural and definitional

s.815 Introduction to Part

s.816 Meaning of disposing of land

s.817 Priority of other tax provisions

s.818 Charge to tax on gains from transactions in land

s.819 Gains obtained from land disposals in some circumstances

s.820 Person obtaining gain

s.821 Company chargeable

s.822 Method of calculating gain

s.823 Transactions, arrangements, sales and realisations relevant for Part

s.824 Tracing value

s.825 Meaning of “another person”

s.826 Valuations and apportionments

s.827 Gain attributable to period before intention to develop formed

s.828 Disposals of shares in companies holding land as trading stock

s.829 Cases where consideration receivable by person not assessed

s.830 Certificates of tax paid etc

s.831 Clearance procedure

s.832 Power to obtain information

s.833 Interpretation of Part

Part 19

Sale and lease-back etc

6 of 53 sections shown

s.835 Transferor or associate becomes liable for payment of rent

amended 1 time (opens in a new tab)

s.836 Transferor or associate becomes liable for payment other than rent

amended 1 time (opens in a new tab)

s.839 Deduction ... not to exceed commercial rent

amended 2 times (opens in a new tab)

s.840 Carrying forward parts of payments

amended 3 times (opens in a new tab)

s.860 Relevant corporation tax relief

amended 1 time (opens in a new tab)

s.886 Relevant tax relief

amended 1 time (opens in a new tab)

47 other sections in this Part — procedural and definitional

s.834 Overview of Chapter

s.837 Relevant corporation tax relief

s.838 Relevant corporation tax relief: deduction not to exceed commercial rent

s.841 Aggregation and apportionment of payments

s.842 Payments made for later periods

s.843 Exclusion of service charges etc

s.844 Commercial rent: comparison with rent under a lease

s.845 Commercial rent: comparison with payments other than rent

s.846 Lease and rent

s.847 Associated persons

s.848 Land outside the UK

s.849 Overview of Chapter

s.850 New lease after assignment or surrender

s.851 Taxation of consideration

s.852 Position where new lease does not include all original property

s.853 Relief for rent under new lease

s.854 New lease treated as ending

s.855 Position where rent reduces

s.856 Position where lease may be ended

s.857 Position where lease may be varied

s.858 Lease treated as ending: rentcharge

s.859 Lease varied to provide for increased rent

s.861 Linked persons

s.862 Lease, lessee, lessor and rent

s.863 Overview of Chapter

s.864 Leased trading assets

s.865 Tax deduction not to exceed commercial rent

s.866 Long funding finance leases

s.867 Commercial rent

s.868 Lease

s.869 Relevant asset

s.870 Overview of Chapter

s.871 Application of the Chapter

s.872 Payment under lease

s.873 Sum obtained

s.874 Charge to corporation tax

s.875 Hire-purchase agreements

s.876 Adjustments where sum obtained before payment made

s.877 Sum obtained in respect of interest

s.878 Sum obtained in respect of lessee's interest

s.879 Disposal of interest to associate

s.880 Apportionment of payments made and of sums obtained

s.881 Manner of apportionment

s.882 Associates

s.883 Capital sum

s.884 Lease

s.885 Relevant asset

Part 20

Tax avoidance involving leasing plant or machinery

1 of 9 sections shown

s.888 Restrictions on leasing partnership losses

amended 5 times (opens in a new tab)

8 other sections in this Part — procedural and definitional

s.887 When restrictions on leasing partnership losses under this Chapter apply

s.889 Interpretation of Chapter

s.890 Capital payments in respect of leases treated as income

s.891 Apportionments for leases of plant or machinery and other property

s.892 Deduction where failure to make relevant capital payment expected

s.893 Meaning of “capital payment”, “relevant capital payment” etc

s.894 Other interpretation of Chapter

s.894 Consideration for taking over payment obligations as lessee treated as income

Part 21

Leasing arrangements: finance leases and loans

0 of 43 sections shown

43 other sections in this Part — procedural and definitional

s.895 Overview of Part

s.896 Normal rent

s.897 Accountancy rental earnings

s.898 Rental earnings

s.899 Arrangements to which this Chapter applies

s.900 Purposes of this Chapter

s.901 Application of this Chapter

s.902 The conditions referred to in section 901(1)

s.903 Provisions supplementing section 902

s.904 The arrangements and circumstances referred to in section 902(8)

s.905 Current lessor taxed by reference to accountancy rental earnings

s.906 Reduction of taxable rent by cumulative rental excesses: introduction

s.907 Meaning of “accountancy rental excess” and “cumulative accountancy rental excess”

s.908 Reduction of taxable rent by the cumulative accountancy rental excess

s.909 Meaning of “normal rental excess” and “cumulative normal rental excess”

s.910 Reduction of taxable rent by the cumulative normal rental excess

s.911 Relief for bad debts: reduction of cumulative accountancy rental excess

s.912 Recovery of bad debts following reduction under section 911

s.913 Relief for bad debts: reduction of cumulative normal rental excess

s.914 Recovery of bad debts following reduction under section 913

s.915 Effect of disposals of leases: general

s.916 Assignments on which neither a gain nor a loss accrues

s.917 Effect of capital allowances: introduction

s.918 Cases where expenditure taken into account under Part 2, 5 or 8 of CAA 2001

s.919 Cases where expenditure taken into account under other provisions of CAA 2001

s.920 Capital allowances deductions: waste disposal and cemeteries

s.921 Capital allowances deductions: films

s.922 Contributors to capital expenditure

s.923 Pre-26 November 1996 schemes where this Chapter does not at first apply

s.924 Post-25 November 1996 schemes to which Chapter 3 applied first

s.925 Introduction to Chapter

s.926 Purpose of this Chapter

s.927 Leases to which this Chapter applies

s.928 Current lessor taxed by reference to accountancy rental earnings

s.929 Application of provisions of Chapter 2 for purposes of this Chapter

s.930 Pre-26 November 1996 schemes and post-25 November 1996 schemes

s.931 Time apportionment where periods of account do not coincide

s.932 Periods of account and related periods of account and accounting periods

s.933 Connected persons

s.934 Assets which represent the leased asset

s.935 Parent undertakings and consolidated group accounts

s.936 Assessments and adjustments

s.937 Interpretation of Part

Part 21

Risk transfer schemes

0 of 16 sections shown

16 other sections in this Part — procedural and definitional

s.937 Overview

s.937 Group schemes and single company schemes

s.937 Meaning of “risk transfer scheme”

s.937 Meaning of “the scheme rate, index or value”

s.937 Scheme losses and scheme profits

s.937 Ring-fenced scheme losses and relevant scheme profits

s.937 Ring-fenced scheme loss: treatment in period in which made

s.937 Ring-fenced scheme loss: treatment in subsequent periods

s.937 A company's losses pool and profits pool

s.937 Tax capacity assumption

s.937 Meaning of “associated with”

s.937 Interpretation of references to economic losses and profits

s.937 Foreign currency accounting

s.937 Meaning of “scheme”

s.937 Priority

s.937 Power to amend this Part in its application to dealers in securities

Part 21

Group mismatch schemes

0 of 14 sections shown

14 other sections in this Part — procedural and definitional

s.938 Losses and profits from group mismatch schemes to be disregarded

s.938 Meaning of “a group mismatch scheme” and “the scheme group”

s.938 Meaning of “scheme loss” and “scheme profit”

s.938 Meaning of “relevant tax advantage” etc and “the scheme period”

s.938 Meaning of “group”

s.938 Meaning of references to economic profits and losses

s.938 Tax capacity assumption

s.938 Meaning of “scheme”

s.938 Schemes involving repos or quasi-repos

s.938 Schemes involving finance arrangements

s.938 Trading income

s.938 Foreign companies and foreign permanent establishments

s.938 Controlled foreign companies

s.938 Priority

Part 21

Tainted charity donations

0 of 11 sections shown

11 other sections in this Part — procedural and definitional

s.939 Overview of Part

s.939 Relievable charity donations

s.939 Tainted donations

s.939 Circumstances in which financial advantage deemed to be obtained

s.939 Certain financial assistance to be ignored

s.939 Removal of corporation tax relief where donation becomes tainted in same accounting period

s.939 Clawback of corporation tax relief where donation becomes tainted in later accounting period

s.939 Removal or clawback of corporation tax relief for associated donations

s.939 Connected charities

s.939 Connected persons

s.939 Minor definitions

Part 22

Miscellaneous provisions

17 of 69 sections shown

s.944 Modified application of section 45

amended 5 times (opens in a new tab)

s.944 Modified application of section 45A

amended 5 times

s.944 Modified application of section 45B

amended 5 times

s.944 Modified application of section 45F

amended 5 times

s.944 Modified application of section 303B

amended 5 times

s.944 Modified application of section 303D

amended 5 times

s.945 Cases in which predecessor retains more liabilities than assets

amended 1 time (opens in a new tab)

s.948 Modified application of CAA 2001

amended 2 times (opens in a new tab)

s.950 Transfers of trades involving business of leasing plant or machinery

amended 4 times (opens in a new tab)

s.951 Part of trade treated as separate trade

amended 2 times (opens in a new tab)

s.952 Apportionment if part of trade treated as separate trade

amended 1 time (opens in a new tab)

s.967 Deductions from payments received by UK resident companies

amended 3 times (opens in a new tab)

s.968 Deductions from payments received by non-UK resident companies

amended 1 time (opens in a new tab)

s.978 Time limit for giving notice Regulated

Other duties (1) — Crown / regulator

HMRC must serve a tax recovery notice within 3 years of final tax determinationStatutory regulator

s.984 Local authorities and local authority associations

amended 1 time (opens in a new tab)

s.986 Meaning of “health service body”

amended 9 times (opens in a new tab)

s.990 UK Economic Interest Groupings and European Economic Interest Groupings

amended 2 times (opens in a new tab)

52 other sections in this Part — procedural and definitional

s.940 Overview of Chapter

s.940 Meaning of “transfer of a trade” and related expressions

s.940 Transfers to which Chapter applies

s.941 The ownership condition

s.942 Options that may be applied for the purposes of the ownership condition

s.943 The tax condition

s.943 Disapplication of section 39

s.946 Rules for determining “L”

s.947 Rules for determining “A”

s.949 Dual resident investing companies

s.953 Application of Chapter to further transfers of a trade

s.954 Transfer of activities on complete cessation of trade

s.955 Transfer of activities on part cessation of trade

s.956 Apportionment if part of trade treated as separate trade

s.957 Chapter 2: supplementary

s.958 Application

s.959 Arrangements for transfer of relief

s.960 Restrictions on use of reliefs

s.961 Non-trading profits and losses

s.962 Interpretation of Chapter

s.963 Power to surrender tax refund

s.964 Effects of surrender of tax refund

s.965 Interest on tax overpaid or underpaid

s.966 Payments for surrendered tax refunds

s.969 Introduction to Chapter

s.970 Obligations and liabilities in relation to corporation tax

s.971 Exceptions

s.972 Interpretation of Chapter

s.973 Introduction to Chapter

s.974 Case in which this Chapter applies

s.975 Meaning of “the relevant period”

s.976 Meaning of “related company”

s.977 Notice requiring payment of unpaid tax

s.979 Amount payable in consortium case

s.980 Chapter 7: supplementary

s.981 Exemption for trade unions and eligible employers' associations

s.982 Qualifying income or gains

s.983 Meaning of “trade union” and “eligible employers' association”

s.985 Health service bodies

s.987 NHS foundation trusts

s.987 Chief constables etc (England and Wales)

s.987 Education Authority of Northern Ireland

s.987 Northern Ireland Housing Executive

s.988 Issue departments of the Reserve Bank of India and the State Bank of Pakistan

s.989 Agricultural societies

s.991 Harbour reorganisation schemes: corporation tax

s.992 Harbour reorganisation schemes: capital allowances etc

s.993 Harbour reorganisation schemes: chargeable gains

s.994 Transfer of part of trade

s.995 Interpretation of sections 991 to 994

s.996 Use of different accounting practices within a group of companies

s.996 Deductions from total profits for sporting testimonial payments and associated payments

Part 23

Company distributions

40 of 125 sections shown

s.1001 Provisions related to paragraphs A to H in section 1000(1)

amended 2 times (opens in a new tab)

s.1002 Exceptions for certain transfers of assets or liabilities between a company and its members

amended 2 times (opens in a new tab)

s.1015 Meaning of “special securities”

amended 1 time (opens in a new tab)

s.1020 Transfers of assets or liabilities treated as distributions

amended 2 times (opens in a new tab)

s.1021 Section 1020: exceptions

amended 1 time (opens in a new tab)

s.1026 Distributions following a bonus issue

amended 1 time (opens in a new tab)

s.1027 Cap on amount of distributions affected by section 1026

amended 1 time (opens in a new tab)

s.1027 Distributions following reduction of share capital

amended 1 time

s.1029 Overview of Chapter

amended 5 times (opens in a new tab)

s.1032 Interest etc paid in respect of certain securities

amended 1 time (opens in a new tab)

s.1032 Payment in respect of tier two capital

amended 1 time

s.1034 Requirements as to residence

amended 4 times (opens in a new tab)

s.1037 Requirement as to reduction of seller's interest as shareholder Regulated

Substantially reduce your shareholding when selling shares back to the companyDirector or Officer

s.1045 Advance clearance: supplementary Regulated

Other duties (1) — Crown / regulator

HMRC must decide on tax clearance applications within 30 daysStatutory regulator

s.1046 Information and returns Regulated

Make a return to HMRC for payments treated under section 1033Trader

s.1052 Share capital to which section 1049 applies: returns Regulated

File return of relevant share capital to HMRCTrader

s.1054 Building society payments

amended 1 time (opens in a new tab)

s.1056 Dividend or bonus relating to transactions

amended 1 time (opens in a new tab)

s.1065 Exception for benefits treated as employment income etc

amended 1 time (opens in a new tab)

s.1070 Companies carrying on a mutual business

amended 2 times (opens in a new tab)

s.1071 Companies not carrying on a business

amended 2 times (opens in a new tab)

s.1081 General conditions

amended 1 time (opens in a new tab)

s.1082 Conditions for distributions within section 1076(a) Regulated

Ensure subsidiary shares meet specific criteria for tax-free demergersTrader

s.1095 Exempt distributions: returns Regulated

Notify HMRC within 30 days of making an exempt distributionTrader

s.1097 Information about person for whom a payment is received

amended 1 time (opens in a new tab)

s.1100 Certain distributions: right to request a statement

amended 8 times (opens in a new tab)

s.1101 Other distributions etc: returns and information Regulated

Report certain company distributions to HMRC within 14 daysTrader

amended 2 times (opens in a new tab)

s.1102 Other distributions etc: additional information

amended 1 time (opens in a new tab)

s.1103 Power to modify or replace sections 1101 and 1102

amended 4 times (opens in a new tab)

s.1104 Company distributing dividend or interest: duty to provide tax certificates Regulated

Provide tax certificates for dividend or interest paymentsTrader

amended 1 time (opens in a new tab)

s.1106 Meaning of “tax certificate” etc

amended 4 times (opens in a new tab)

s.1107 Penalties

amended 1 time (opens in a new tab)

s.1109 Tax credits for certain recipients of exempt qualifying distributions

amended 3 times (opens in a new tab)

s.1110 Recovery of overpaid tax credit etc

amended 1 time (opens in a new tab)

s.1111 Section 1110: supplementary

amended 1 time (opens in a new tab)

s.1112 Arrangements between companies

amended 1 time (opens in a new tab)

s.1113 “In respect of shares”

amended 2 times (opens in a new tab)

s.1115 “New consideration”

amended 4 times (opens in a new tab)

s.997 Overview of Part

amended 1 time (opens in a new tab)

s.998 Overview of Chapter

amended 1 time (opens in a new tab)

85 other sections in this Part — procedural and definitional

s.1000 Meaning of “distribution”

s.1003 Redeemable share capital

s.1004 Securities issued otherwise than for new consideration

s.1005 Meaning of “non-commercial securities”

s.1006 Distributions exceeding consideration received for issue of security

s.1007 Securities issued at premium representing new consideration

s.1008 Consideration for issue of security exceeding amount of principal

s.1009 Securities reflecting dividends on certain shares etc: exclusion of section 1008

s.1010 Meaning of “qualifying index” in section 1009

s.1011 Meaning of “associated company” in section 1009

s.1012 Hedging arrangements

s.1013 Exception to section 1012

s.1014 Meaning of “hedging arrangements”

s.1016 Meaning of “equity note” in section 1015

s.1017 Section 1015: other interpretation

s.1018 The principal secured: special securities

s.1019 Relevant alternative finance return

s.1022 Bonus issue following repayment of share capital treated as distribution

s.1023 Exceptions to section 1022(3)

s.1024 Premiums paid on redemption of share capital

s.1025 Share capital issued at a premium representing new consideration

s.1028 Certain payments connected with exempt distributions

s.1030 Distribution in respect of share capital in a winding up

s.1030 Distributions in respect of share capital prior to dissolution of company

s.1030 Section 1030A: effect of company not being dissolved, etc

s.1031 Distribution as part of a cross-border merger

s.1033 Purchase by unquoted trading company of own shares

s.1035 Requirement as to period of ownership

s.1036 Determining the period of ownership

s.1038 Section 1037: effect of entitlement to profits

s.1039 Requirements where purchasing company is a member of a group

s.1040 Determining whether interests as shareholders in a group are substantially reduced

s.1041 Section 1040: effect of entitlement to profits

s.1042 Other requirements

s.1043 Relaxation of requirements in certain cases

s.1044 Advance clearance of payments by Commissioners

s.1047 Meaning of “group” and “51% subsidiary” in sections 1033 to 1047

s.1048 Sections 1033 to 1047: other interpretation

s.1049 Stock dividends

s.1050 Application of section 1049 where bonus share capital is converted etc

s.1051 “Bonus share capital” and “in lieu of a cash dividend”

s.1053 Return periods

s.1055 Registered societies : interest and share dividends

s.1057 UK agricultural or fishing co-operatives: interest and share dividends

s.1058 Meaning of “UK agricultural or fishing co-operative”

s.1059 Associated persons

s.1060 Associated persons: trustees

s.1061 Associated persons: personal representatives

s.1062 Connected persons

s.1063 Section 1062: supplementary

s.1064 Certain expenses of close companies treated as distributions

s.1066 Exception for certain transfers between UK resident companies

s.1067 Companies acting in concert or under arrangements

s.1068 Meaning of “participator” in sections 1064 to 1067

s.1069 Additional persons treated as participators

s.1072 Members of a 90% group

s.1073 Key terms etc

s.1074 Purpose of provisions about demergers

s.1075 Exempt distributions

s.1076 Transfer of shares in subsidiaries to members

s.1077 Transfer by distributing company and issue of shares by transferee company

s.1078 Division of business in a cross-border transfer

s.1079 “The distributing company”

s.1080 Meaning of “relevant company”

s.1083 Conditions for distributions within section 1077(1)

s.1084 Cases where condition K does not apply

s.1085 Conditions to be met if the distributing company is a 75% subsidiary

s.1086 Chargeable payments connected with exempt distributions

s.1087 Chargeable payments not deductible in calculating profits

s.1088 Meaning of “chargeable payment”

s.1089 Meaning of “chargeable payment”: unquoted companies

s.1090 Meaning of “company concerned in an exempt distribution”

s.1091 Advance clearance of distributions

s.1092 Advance clearance of payments

s.1093 Requirements relating to applications for clearance

s.1094 Decision of the Commissioners or tribunal

s.1096 Chargeable payments etc: returns

s.1098 Meaning of “unquoted company”

s.1099 Other definitions etc

s.1105 Duties of nominees

s.1108 Alternative means of compliance with sections 1104 and 1105

s.1114 “In respect of securities”

s.1116 References to married persons, or civil partners, living together

s.1117 Other interpretation

s.999 Priority of negative rules

Part 24

Corporation Tax Acts definitions etc

31 of 57 sections shown

s.1119 The definitions

amended 8 times (opens in a new tab)

s.1120 “Bank”

amended 5 times (opens in a new tab)

s.1121 “Company”

amended 1 time (opens in a new tab)

s.1122 “Connected” persons

amended 41 times (opens in a new tab)

s.1123 “Connected” persons: supplementary

amended 4 times (opens in a new tab)

s.1124 “Control”

amended 3 times (opens in a new tab)

s.1126 “Franked investment income”

amended 1 time (opens in a new tab)

s.1127 “Generally accepted accounting practice” and related expressions

amended 4 times (opens in a new tab)

s.1130 “Local authority”

amended 1 time (opens in a new tab)

s.1136 “Qualifying distribution”

amended 1 time (opens in a new tab)

s.1139 “Tax advantage”

amended 10 times (opens in a new tab)

s.1141 Permanent establishments of companies

amended 2 times (opens in a new tab)

s.1142 Agent of independent status

amended 8 times (opens in a new tab)

s.1143 Preparatory or auxiliary activities

amended 3 times (opens in a new tab)

s.1146 The independent investment manager conditions

amended 3 times (opens in a new tab)

s.1147 Investment managers: the 20% rule

amended 1 time (opens in a new tab)

s.1148 Section 1147: interpretation

amended 1 time (opens in a new tab)

s.1149 Application of 20% rule to collective investment schemes

amended 1 time (opens in a new tab)

s.1150 Meaning of “investment manager” and “investment transaction”

amended 1 time (opens in a new tab)

s.1151 Lloyd's agents

amended 1 time (opens in a new tab)

s.1152 Investment managers: disregard of certain chargeable profits

amended 1 time (opens in a new tab)

s.1154 Meaning of “51% subsidiary”, “75% subsidiary” and “90% subsidiary”

amended 1 time (opens in a new tab)

s.1155 Indirect ownership of ordinary share capital

amended 1 time (opens in a new tab)

s.1156 Calculation of amounts owned indirectly: main rules

amended 1 time (opens in a new tab)

s.1157 Adding fractions together

amended 1 time (opens in a new tab)

s.1158 Meaning of “investment trust”

amended 6 times (opens in a new tab)

s.1159 Approval

amended 1 time (opens in a new tab)

s.1165 Other interpretation

amended 2 times (opens in a new tab)

s.1171 Orders and regulations

amended 8 times (opens in a new tab)

s.1172 Apportionment to different periods

amended 2 times (opens in a new tab)

s.1173 Miscellaneous charges

amended 6 times (opens in a new tab)

26 other sections in this Part — procedural and definitional

s.1118 Introduction to Chapter

s.1125 “Farming” and related expressions

s.1128 “Grossing up”

s.1129 “Hire-purchase agreement”

s.1131 “Local authority association”

s.1132 “Offshore installation”

s.1133 Regulations about the meaning of “offshore installation”

s.1134 “Oil and gas exploration and appraisal”

s.1135 “Property investment LLP”

s.1137 “Recognised stock exchange”

s.1138 “Research and development”

s.1140 “Unauthorised unit trust”

s.1140 Introduction

s.1144 Alternative finance arrangements

s.1145 The independent broker conditions

s.1153 Miscellaneous

s.1160 Calculation of income

s.1161 The income retention condition: exceptions

s.1162 The 15% holding limit: exceptions

s.1163 Basic meaning of “holding in a company”

s.1164 More about the meaning of “holding in a company”

s.1166 Scotland

s.1167 Sources of income within the charge to corporation tax or income tax

s.1168 Payment of dividends

s.1169 Settlements and trustees

s.1170 Territorial sea of the United Kingdom

Part 25

Definitions for purposes of Act and final provisions

0 of 12 sections shown

12 other sections in this Part — procedural and definitional

s.1174 Abbreviated references to Acts

s.1175 Claims and elections

s.1176 Meaning of “connected” persons and “control”

s.1177 Minor and consequential amendments

s.1178 Power to make consequential provision

s.1179 Power to undo changes

s.1180 Transitional provisions and savings

s.1181 Repeals and revocations

s.1182 Index of defined expressions

s.1183 Extent

s.1184 Commencement

s.1185 Short title

Schedules

3 of 838 shown

s.sch001 In paragraph 8(4) of Schedule 34 (stamp duty: recovery of... Regulated

Understand definitions of 'director' and 'controlling director' for stamp duty group relief recoveryDirector or Officer

s.sch001 (1) Amend Schedule 9 (stamp duty land tax: right to... Regulated

Other duties (1) — Crown / regulator

Update cross-references in SDLT forms to new Corporation Tax ActCrown / Minister / Government department

s.sch001 (1) Amend Schedule 15 (stamp duty land tax: partnerships) as... Regulated

Update references to connected person rules in SDLT partnership documentsAny Person

835 other schedules

s.sch001 The Income and Corporation Taxes Act 1988 is amended as...

s.sch001 Minor and consequential amendments

s.sch001 In section 755D(10) (“control” and the two “40 per cent”...

s.sch001 (1) Amend section 756 (interpretation and construction of Chapter 4)...

s.sch001 Omit sections 767A to 769 (change in ownership of company)....

s.sch001 Minor and consequential amendments

s.sch001 (1) Omit sections 774A to 774G (factoring of income receipts...

s.sch001 Omit sections 776 to 778 (transactions in land).

s.sch001 (1) Omit sections 779 to 785 (sale and lease-back etc)....

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

s.sch001 Omit section 785ZB (section 785ZA: definitions).

s.sch001 Omit section 785B (plant and machinery leases: capital receipts to...

s.sch001 Omit section 116 (arrangements for transferring relief).

s.sch001 Omit section 785C (section 785B: interpretation).

s.sch001 Omit section 785D (section 785B: lease of plant and machinery...

s.sch001 Omit section 785E (section 785B: expectation that relevant capital payment...

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

s.sch001 In section 806A(2) (eligible unrelieved foreign tax dividends: introductory)—

s.sch001 Omit section 808 (restriction on deduction of interest or dividends...

s.sch001 Minor and consequential amendments

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

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

s.sch001 Omit section 830(1) (territorial sea of the United Kingdom).

s.sch001 Omit sections 118 to 118ZD (restrictions on relief for losses...

s.sch001 In section 831(3) (interpretation of ICTA) at the appropriate place...

s.sch001 Omit section 832 (interpretation of the Corporation Tax Acts).

s.sch001 Omit section 834 (interpretation of the Corporation Tax Acts).

s.sch001 Omit section 834A (miscellaneous charges).

s.sch001 Omit section 834B (meaning of “UK property business” and “overseas...

s.sch001 Omit section 834C (total profits).

s.sch001 Omit section 837A (meaning of “research and development”).

s.sch001 Omit section 837B (meaning of “oil and gas exploration and...

s.sch001 Omit section 837C (meaning of “offshore installation”).

s.sch001 Omit section 838 (subsidiaries).

s.sch001 In section 187(10) (interpretation of sections 185 and 186 etc)...

s.sch001 Omit section 839 (connected persons).

s.sch001 Omit section 840 (meaning of “control” in certain contexts).

s.sch001 Omit section 840ZA (meaning of “tax advantage”).

s.sch001 Omit section 840A (banks).

s.sch001 Omit section 841 (meaning of “recognised stock exchange” etc).

s.sch001 Omit section 842 (investment trusts).

s.sch001 Omit section 842A (local authorities).

s.sch001 Omit section 842B (meaning of “property investment LLP”).

s.sch001 In paragraph 5(2) of Schedule 10 (further provisions relating to...

s.sch001 Omit Schedule 17 (dual resident investing companies).

s.sch001 Omit Chapter 2 of Part 6 (matters which are distributions)....

s.sch001 Omit Schedule 18 (group relief: equity holders and profits or...

s.sch001 Omit Schedule 18A (group relief: overseas losses of non-resident companies)....

s.sch001 (1) Amend Schedule 19B (petroleum extraction activities: exploration expenditure supplement)...

s.sch001 Omit Schedule 19C (petroleum extraction activities: ring fence expenditure supplement)....

s.sch001 Omit Schedule 20 (charitable companies: qualifying investments and loans).

s.sch001 Omit Schedule 23A (manufactured dividends and interest).

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

s.sch001 (1) Amend Schedule 25 (cases where section 747(3) of ICTA...

s.sch001 (1) Amend Schedule 26 (reliefs against liability for tax in...

s.sch001 Omit Schedule 28A (change in ownership of company with investment...

s.sch001 Omit Chapter 3 of Part 6 (matters which are not...

s.sch001 (1) Section 42 of the Finance Act 1930 (relief from...

s.sch001 (1) Section 11 of the Finance Act (Northern Ireland) 1954...

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

s.sch001 In section 12AB(5) (partnership return to include partnership statement), in...

s.sch001 In section 12B(4A) (records to be kept for purposes of...

s.sch001 In section 59E(11) (further provision as to when corporation tax...

s.sch001 (1) Amend section 87A (interest on overdue corporation tax etc)...

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

s.sch001 (1) Amend section 109 (corporation tax on close companies in...

s.sch001 In section 118(1) (interpretation)— (a) in the definition of “company”...

s.sch001 Omit section 231 (tax credits for certain recipients of qualifying...

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

s.sch001 (1) Amend section 3 (allowance of expenditure) as follows.

s.sch001 (1) Amend section 5 (allowance of abortive exploration expenditure) as...

s.sch001 In section 6(4)(b) (allowance of unrelievable loss from abandoned field)...

s.sch001 In section 21(2) (citation etc)— (a) at the appropriate place...

s.sch001 (1) Amend Schedule 3 (petroleum revenue tax: miscellaneous provisions) as...

s.sch001 (1) Amend Schedule 4 (provisions supplementary to sections 3 and...

s.sch001 In Schedule 5 (allowance of expenditure) in paragraph 2B(2) for...

s.sch001 In paragraph 38(3) of Schedule 1A to the Solicitors (Northern...

s.sch001 In section 36B(8) of the Alcoholic Liquor Duties Act 1979...

s.sch001 Omit section 231AA (no tax credit for borrower under stock...

s.sch001 The Finance Act 1980 is amended as follows.

s.sch001 In section 107(7) (transmedian fields) after “meaning of” insert “...

s.sch001 (1) Amend Schedule 17 (transfers of interests in oil fields)...

s.sch001 The Betting and Gaming Duties Act 1981 is amended as...

s.sch001 In section 20(6)(a) (expenditure on bingo winnings) for “section 839...

s.sch001 In section 21(7) (gaming machine licences) for “Section 839 of...

s.sch001 The Finance Act 1982 is amended as follows.

s.sch001 In section 134(1) (alternative valuation of ethane used for petrochemical...

s.sch001 (1) In Schedule 19 (supplementary provisions relating to APRT) omit...

s.sch001 In Schedule 8 to the Finance Act 1983 (reliefs for...

s.sch001 Omit section 231AB (no tax credit for original owner under...

s.sch001 The Oil Taxation Act 1983 is amended as follows.

s.sch001 In section 6(4A)(b) (amounts which are not chargeable tariff receipts)...

s.sch001 In section 15(4) (interpretation etc) for “Section 839 of the...

s.sch001 In paragraph 8(2B)(b) of Schedule 1 (allowable expenditure: use of...

s.sch001 (1) Amend Schedule 2 (supplemental provisions as to receipts from...

s.sch001 The Finance Act 1984 is amended as follows.

s.sch001 In section 113(8) (restriction on PRT reliefs) for “section 838...

s.sch001 (1) Amend section 115 (information relating to sales at arm's...

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

s.sch001 (1) Amend section 23 (gifts to charities) as follows.

s.sch001 In section 231B(12) (consequences of certain arrangements to pass on...

s.sch001 In section 96 (preference shares disregarded) for “section 210(4) of...

s.sch001 In section 102(1) (interpretation), in the definition of “participator”, for...

s.sch001 In Schedule 3, in the entry for “health service body”,...

s.sch001 In section 14(6) of the Police and Criminal Evidence Act...

s.sch001 In paragraph 36(3) of Schedule 2 to the Administration of...

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

s.sch001 Minor and consequential amendments

s.sch001 In section 80B(1) (intermediaries: supplementary) for “section 839 of the...

s.sch001 In section 80D(2)(a) (repurchasers and stock lending: replacement stock on...

s.sch001 In section 88B(1) (intermediaries: supplementary) for “section 839 of the...

s.sch001 Omit section 6(4) (the charge to corporation tax and exclusion...

s.sch001 Omit section 234 (information relating to distributions).

s.sch001 In section 89AB(2)(a) (section 87: exception for repurchasers and stock...

s.sch001 In section 90(9)(b) (section 87: other exceptions) for “section 416...

s.sch001 In section 19E(4) of the Gas Act 1986 (sections 19A...

s.sch001 The Finance Act 1987 is amended as follows.

s.sch001 In Schedule 13 (relief for research expenditure) in paragraph 11(2)...

s.sch001 In Schedule 14 (cross-field allowance) in paragraph 10(2) for “section...

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

s.sch001 In section 43(6)(b) (occupied hereditaments: liability) for “Schedule 18 to...

s.sch001 Minor and consequential amendments

s.sch001 In section 67(10A) (interpretation: other provisions)— (a) for “Schedule 18...

s.sch001 Omit section 234A (information relating to distributions: further provisions).

s.sch001 In paragraph 7(9) of Schedule 5 (non-domestic rating: exemption) for...

s.sch001 In section 54(2)(c) of the Housing Act 1988 (tax relief...

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

s.sch001 Minor and consequential amendments

s.sch001 Omit section 102 (surrender of tax refund etc within group)....

s.sch001 In paragraph 16(2) of Schedule 5 (employee share ownership trusts)—...

s.sch001 In Schedule 12 (close companies) omit paragraphs 1, 3 and...

s.sch001 In section 58(8) of the Electricity Act 1989 (directions restricting...

s.sch001 In Article 16(6) of the Police and Criminal Evidence (Northern...

s.sch001 Omit Chapter 6 of Part 6 (miscellaneous and supplemental).

s.sch001 Omit section 25(10) and (12) of the Finance Act 1990...

s.sch001 The Finance Act 1991 is amended as follows.

s.sch001 (1) Omit sections 62 to 65 (abandonment guarantees and abandonment...

s.sch001 In section 104(3) (abandonment guarantees) for “section 839 of the...

s.sch001 In section 112(7)(b) (apportionment of consideration for stamp duty purposes)...

s.sch001 The Taxation of Chargeable Gains Act 1992 is amended as...

s.sch001 In section 8(1) (company's total profits to include chargeable gains)...

s.sch001 In section 13(12) (attribution of gains to members of non-resident...

s.sch001 In section 37 (consideration chargeable to tax on income) after...

s.sch001 In section 39 (exclusion of expenditure by reference to tax...

s.sch001 In section 337A (computation of company's profits or income: exclusion...

s.sch001 In section 96(10) (payments by and to companies)—

s.sch001 In section 117(1) (meaning of qualifying corporate bond) for the...

s.sch001 In section 125(6) (shares in close company transferring assets at...

s.sch001 In section 125A(1) (effect of share loss relief)—

s.sch001 In section 135(4) (exchange of securities for those in another...

s.sch001 In section 140L(1)(c)(i) (interpretation) for “section 832 of the Taxes...

s.sch001 In section 151BA (CITR: identification of securities of shares on...

s.sch001 In section 151BB (CITR: rights issues etc) in subsection (5)(b)...

s.sch001 In section 151C(5) (strips) for “section 840ZA of the Taxes...

s.sch001 In section 151D(5) (corporate strips) for “section 840ZA of the...

s.sch001 Omit section 338 (charges on income deducted from total profits)....

s.sch001 In section 161 (appropriations to and from stock) after subsection...

s.sch001 In section 165A(14) (meaning of “holding company” etc), in the...

s.sch001 (1) Amend section 170 (interpretation) as follows.

s.sch001 In section 171(2)(da) (transfers within a group: general provisions) for...

s.sch001 (1) Amend section 179 (company ceasing to be a member...

s.sch001 In section 184H(5)(b) (meaning of excluded arrangements) for “section 779(1)...

s.sch001 In section 190(13) (tax recoverable from another group company or...

s.sch001 (1) Amend section 192 (tax exempt distributions) as follows.

s.sch001 In section 198(5)(b) (replacement of business assets used in connection...

s.sch001 In section 212(1)(c) (annual deemed disposal of holdings of unit...

s.sch001 Omit section 338A (meaning of “charges on income”).

s.sch001 After section 217C insert— Industrial and provident societies and co-operatives...

s.sch001 Minor and consequential amendments

s.sch001 In section 228 (conditions for relief: supplementary) for subsection (10)...

s.sch001 In section 239(7) (employee trusts) for “in section 417(1) of...

s.sch001 (1) Amend section 256 (charities) as follows.

s.sch001 In the title to section 256A (attributing gains to the...

s.sch001 In the title to section 256B (how gains are attributed...

s.sch001 After section 256B insert— Attributing gains to the non-exempt amount:...

s.sch001 (1) Amend section 257 (gifts to charities etc) as follows....

s.sch001 In section 263B(7) (stock lending arrangements), in the definition of...

s.sch001 Omit section 339 (charges on income: donations to charity).

s.sch001 In section 263E(1)(a) (structured finance arrangements) before “(disregard” insert “...

s.sch001 (1) Amend section 271 (other miscellaneous exemptions) as follows.

s.sch001 In section 276(2)(d) (the territorial sea and the continental shelf)...

s.sch001 In section 286(3A)(b) (connected persons: interpretation) for “section 840 of...

s.sch001 (1) Amend section 288 (interpretation) as follows.

s.sch001 In paragraph 7(3)(a) of Schedule 3 (assets held on 31...

s.sch001 (1) Amend Schedule 5 (attribution of gains to settlors with...

s.sch001 (1) Amend Schedule 5AA (meaning of “scheme of reconstruction”) as...

s.sch001 In paragraph 19(1) of Schedule 5B (interpretation)—

s.sch001 (1) Amend Schedule 7AC (exemptions for disposals by companies with...

s.sch001 Omit section 342 (tax on company in liquidation).

s.sch001 (1) The Finance (No.2) Act 1992 is amended as follows....

s.sch001 In Article 62(8) of the Electricity (Northern Ireland) Order 1992...

s.sch001 In Article 22(2)(c) of the Housing (Northern Ireland) Order 1992...

s.sch001 Minor and consequential amendments

s.sch001 The Finance Act 1993 is amended as follows.

s.sch001 Omit sections 92 to 92E (which set out rules about...

s.sch001 In section 193(6) (tariff receipts) for “section 839 of the...

s.sch001 In paragraph 5(1) of Schedule 20A (interpretation) in the definition...

s.sch001 Omit section 342A (tax on companies in administration).

s.sch001 The Finance Act 1994 is amended as follows.

s.sch001 In section 52A(8) (certain fees to be treated as premiums...

s.sch001 In section 219(4B) (Lloyd's underwriters: corporations etc : taxation of...

s.sch001 In section 227A(5) (restriction of group relief) for “section 402(2)...

s.sch001 In Schedule 6A (premiums liable to tax at the higher...

s.sch001 In the following provisions of the Value Added Tax Act...

s.sch001 The Finance Act 1995 is amended as follows.

s.sch001 (1) Amend section 151 (lease or tack: associated bodies) as...

s.sch001 (1) Amend section 152 (open-ended investment companies) as follows.

s.sch001 In section 154(1) (short rotation coppice) omit the words “the...

s.sch001 Omit section 343 (company reconstructions without a change of ownership)....

s.sch001 In paragraph 17(6)(a) of Schedule 22 (interpretation) for “section 416...

s.sch001 The Finance Act 1996 is amended as follows.

s.sch001 Omit section 175 (transactions in securities).

s.sch001 In paragraph 11(2D) of Schedule 15 (other adjustments in case...

s.sch001 (1) Schedule 7 to the Broadcasting Act 1996 (transfer schemes)...

s.sch001 (1) The Gas (Northern Ireland) Order 1996 is amended as...

s.sch001 (1) Schedule 12 to the Finance Act 1997 (leasing arrangements:...

s.sch001 (1) Schedule 18 to the Finance Act 1998 (company tax...

s.sch001 In section 17E(7) of the Petroleum Act 1998 (section 17D:...

s.sch001 Minor and consequential amendments

s.sch001 Omit section 7 (treatment of certain payments and repayment of...

s.sch001 Omit section 343ZA (transfers of trade to obtain balancing allowances)....

s.sch001 The Finance Act 1999 is amended as follows.

s.sch001 In section 97 (supplementary provisions) in subsection (2)(a) for “section...

s.sch001 In section 98(7) (qualifying assets) after paragraph (a) insert—

s.sch001 (1) Paragraph 6 of Schedule 3 to the Commonwealth Development...

s.sch001 The Greater London Authority Act 1999 is amended as follows....

s.sch001 In section 157(4) (restriction on exercise of certain powers except...

s.sch001 In section 419(2) (taxation: certain bodies treated as a local...

s.sch001 (1) Amend paragraph 13 of Schedule 33 (taxation provisions: public-private...

s.sch001 The Finance Act 2000 is amended as follows.

s.sch001 Omit section 46 (exemption for small trades etc).

s.sch001 Omit section 343A (company reconstructions involving business of leasing plant...

s.sch001 Omit section 98 (recovery of tax payable by non-resident company)....

s.sch001 In section 119(9) (transfer of land to connected company) for...

s.sch001 In section 120(7) (exceptions) for “section 839(3) of the Taxes...

s.sch001 In section 121(8) (grant of lease to connected company) for...

s.sch001 (1) Amend Schedule 6 (climate change levy) as follows.

s.sch001 (1) Amend Schedule 15 (the corporate venturing scheme) as follows....

s.sch001 (1) Amend Schedule 22 (tonnage tax) as follows.

s.sch001 Omit Schedule 28 (recovery of tax payable by non-resident company)....

s.sch001 In Schedule 34 (supplementary provisions) in paragraph 3(4)(b) for “section...

s.sch001 In section 19(3) of the Trustee Act 2000 (persons who...

s.sch001 Omit section 344 (company reconstructions: supplemental).

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 38B (general exclusions applying to section 38A) in...

s.sch001 In section 45F(3) (expenditure on plant and machinery for use...

s.sch001 In section 56(1A) (amount of allowances and charges) for “section...

s.sch001 In section 60(1)(c) (meaning of “disposal receipt”) after “or” insert...

s.sch001 In section 63(2) (cases in which disposal value is nil)—...

s.sch001 In section 70E(2B) (disposal events and disposal values)—

s.sch001 In section 369(6) (mortgage interest payable under deduction of tax)...

s.sch001 In section 70H(1) (lessee: requirement for tax return treating lease...

s.sch001 In section 70V(4) (tax avoidance involving international leasing) for “section...

s.sch001 In section 99 (the monetary limit) for subsection (5) substitute—...

s.sch001 In section 104F(10) (special rate cars: discontinued activity continued by...

s.sch001 In section 108(1)(b)(i) (effect of disposal to connected person on...

s.sch001 In section 112(1)(b)(i) (excess allowances: connected persons) for “section 343(1)...

s.sch001 In section 115(1)(c)(i) (prohibited allowances: connected persons) for “section 343(1)...

s.sch001 In section 131(7) (effect of postponement)— (a) for “section 403ZB(2)...

s.sch001 In section 138(2)(b) (limit on amount deferred) for “section 393...

s.sch001 In section 154(3)(b)(ii) (further registration requirement) for “section 343(2) of...

s.sch001 Omit Chapter 2 of Part 10 (loss relief).

s.sch001 In section 155(1)(b)(ii) (change in persons carrying on qualifying activity)...

s.sch001 In section 156(2)(b) (connected persons) for “section 343(2) of ICTA”...

s.sch001 In section 158 (members of same group) for “Chapter IV...

s.sch001 In section 162(2) (ring fence trade a separate qualifying activity)—...

s.sch001 (1) Amend section 220 (allocation of expenditure to a chargeable...

s.sch001 In section 228H(1A)(b) (sections 228A to 228G: supplementary) for “section...

s.sch001 In section 228M(2) (other definitions for the purposes of s.228K)—...

s.sch001 In section 249(2) (furnished holiday lettings business) for “Section 503...

s.sch001 In section 253(7) (companies with investment business) for “sections 768B(8)...

s.sch001 In section 260(7) (special leasing: corporation tax (excess allowance)) in...

s.sch001 Omit section 397 (restriction of loss relief in case of...

s.sch001 In section 261 (special leasing: life assurance business) in paragraph...

s.sch001 In section 261A(3) (special leasing: leasing partnerships)—

s.sch001 In section 267A(3) (restriction on effect of election)—

s.sch001 In section 355(6) (buildings for miners etc: carry-back of balancing...

s.sch001 In section 362(2) (meaning of “husbandry”) for “section 154(3) of...

s.sch001 In section 416B(5) (expenditure incurred by company for purposes of...

s.sch001 In section 420(b) (meaning of “disposal receipt”) after “or” insert...

s.sch001 In section 476(1)(b) (disposal value of patent rights) after “or”...

s.sch001 In section 505(1) (qualifying dwelling-houses: exclusions), in paragraph (a) of...

s.sch001 After section 560 insert— Transfers of trade without a change...

s.sch001 In section 398 (transactions in deposits) for “section 396” substitute...

s.sch001 In section 561(5) (transfer of division of UK business) for...

s.sch001 In section 561A(2) (transfer of asset by reason of cross-border...

s.sch001 In section 575A(1) (section 575: supplementary) in the definition of...

s.sch001 In section 577(1) (other definitions), in the definition of “dual...

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 Minor and consequential amendments

s.sch001 In section 19(3) of the Trustee Act (Northern Ireland) 2001...

s.sch001 The Finance Act 2002 is amended as follows.

s.sch001 Omit section 57(1) (community investment tax relief).

s.sch001 Omit section 399 (dealings in commodity futures).

s.sch001 Omit section 58 (relief for community amateur sports clubs).

s.sch001 In section 63(2)(a) (first year allowances for expenditure wholly for...

s.sch001 Minor and consequential amendments

s.sch001 Omit Schedule 16 (community investment tax relief).

s.sch001 Omit Schedule 18 (relief for community amateur sports clubs).

s.sch001 Minor and consequential amendments

s.sch001 In Schedule 37 (supplementary provisions) in paragraph 2(4)(b) for “section...

s.sch001 The Income Tax (Earnings and Pensions) Act 2003 is amended...

s.sch001 In section 24(6)(b) (limit on chargeable overseas earnings where duties...

s.sch001 Omit section 400 (write-off of government investment).

s.sch001 In section 51(5) (conditions of liability where intermediary is a...

s.sch001 In section 60(1)(a) (meaning of associate) for “section 417(3) and...

s.sch001 In section 61(1) (interpretation) in the definition of “associated company”...

s.sch001 (1) Amend section 68 (meaning of “material interest” in a...

s.sch001 In section 230(4)(c) (the approved amount for mileage allowance payments)...

s.sch001 In section 357(2) (business entertainment and gifts: exception where employer's...

s.sch001 In section 421H(2) (meaning of “employee-controlled” etc) for “same meaning...

s.sch001 In section 446A(3)(b) (application of Chapter) for “section 402(6) of...

s.sch001 In section 446K(3)(b) (application of Chapter) for “section 402(6) of...

s.sch001 In section 459(3) (transfer of intellectual property by controlled company)...

s.sch001 Omit Chapter 4 of Part 10 (group relief).

s.sch001 In section 479(9)(b) (amount of gain realised on occurrence of...

s.sch001 In section 493(3) (no charge on acquisition of dividend shares)...

s.sch001 In section 538(4) (share conversions excluded for the purposes of...

s.sch001 In section 549(4)(a) (application of Chapter) for “same meaning as...

s.sch001 In section 714(2) (meaning of “donations”), in the definition of...

s.sch001 (1) Amend Schedule 1 (abbreviations and defined expressions) as follows....

s.sch001 (1) Amend Schedule 2 (approved share incentive plans) as follows....

s.sch001 (1) Amend Schedule 3 (approved SAYE option schemes) as follows....

s.sch001 (1) Amend Schedule 4 (approved CSOP schemes) as follows.

s.sch001 (1) Amend Schedule 5 (enterprise management incentives) as follows.

s.sch001 Omit section 11(3) and (4) (companies not resident in the...

s.sch001 Omit Chapter 1 of Part 11 (close companies: interpretation).

s.sch001 The Finance Act 2003 is amended as follows.

s.sch001 In section 44(11) (contract and conveyance) for “Section 839 of...

s.sch001 In section 45(6) (contract and conveyance: effect of transfer of...

s.sch001 In section 45A(10) (contract providing for conveyance to third party:...

s.sch001 In section 53(2) (deemed market value where transaction involves connected...

s.sch001 In section 54(3)(b) (exceptions from deemed market value rule) for...

s.sch001 In section 73AB(4) (sections 71A to 72A: arrangements to transfer...

s.sch001 In section 75A(5)(b) (anti-avoidance) for “section 839 of the Taxes...

s.sch001 In section 101(6) (unit trust schemes) for “Section 469A of...

s.sch001 In section 108(1) (linked transactions) for “Section 839 of the...

s.sch001 Omit Chapter 2 of Part 11 (close companies: charges to...

s.sch001 Omit section 148 (meaning of “permanent establishment”).

s.sch001 Omit section 150 (non-resident companies: assessment, collection and recovery of...

s.sch001 Omit section 152 (non-resident companies: transactions carried out through broker,...

s.sch001 (1) Amend section 195 (companies acquiring their own shares) as...

s.sch001 In Schedule 4 (stamp duty land tax: chargeable consideration) in...

s.sch001 In Schedule 6A (relief for certain acquisitions of residential property)...

s.sch001 (1) Amend Schedule 7 (stamp duty land tax: group relief...

s.sch001 In Schedule 17A (further provisions relating to leases) in paragraph...

s.sch001 Minor and consequential amendments

s.sch001 In Schedule 20 (stamp duty: restriction to instruments relating to...

s.sch001 Omit Schedule 26 (non-resident companies: transactions through broker, investment manager...

s.sch001 In Article 85(2) of the Housing (Northern Ireland) Order 2003...

s.sch001 The Finance Act 2004 is amended as follows.

s.sch001 Omit section 50 (generally accepted accounting practice).

s.sch001 Omit section 51 (use of different accounting practices within a...

s.sch001 In section 59(4) (contractors) for “section 343 of the Taxes...

s.sch001 Omit section 83 (giving through the self-assessment return).

s.sch001 In section 273(9) (members liable as scheme administrator) for “section...

s.sch001 In section 307(2)(b) (meaning of “promoter”)— (a) for “section 840A...

s.sch001 Minor and consequential amendments

s.sch001 In paragraph 4(2) of Schedule 11 (the compliance test) for...

s.sch001 (1) Amend Schedule 29A (taxable property held by investment-regulated pension...

s.sch001 (1) Amend Schedule 36 (pension schemes: transitional provision and savings)...

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 In paragraph 3 of Schedule 4 (supplemental taxation provisions for...

s.sch001 (1) Amend Schedule 9 (taxation provisions relating to nuclear transfer...

s.sch001 (1) Section 54C of the Companies (Audit, Investigations and Community...

s.sch001 Minor and consequential amendments

s.sch001 The Scotland Act 1998 (Transfer of Functions to the Scottish...

s.sch001 Omit article 3 (transfer of functions to the Scottish Ministers)....

s.sch001 Omit article 5 (modification of ICTA).

s.sch001 In article 6 (general modifications of enactments etc)—

s.sch001 The Income Tax (Trading and Other Income) Act 2005 is...

s.sch001 In section 100(4) (meaning of sale and lease-back arrangement) for...

s.sch001 In section 108(3) (gifts of trading stock to charities etc)...

s.sch001 For section 148D (lessor under long funding operating lease: periodic...

s.sch001 After section 148D insert— Starting value”: general (1) This section is about the meaning of “starting value”...

s.sch001 For section 148E substitute— Long funding operating lease: lessor's additional...

s.sch001 Minor and consequential amendments

s.sch001 After section 148E insert— Determination of remaining residual value resulting...

s.sch001 For section 148F substitute— Lessor under long funding operating lease:...

s.sch001 In section 375(1) (interpretation of sections 373 and 374) for...

s.sch001 In section 388(1) (interpretation of sections 386 and 387) for...

s.sch001 In section 389(5) (authorised unit trust dividend distributions) for “section...

s.sch001 In section 401(7) (relief: qualifying distributions after linked non-qualifying distribution)...

s.sch001 In Chapter 3 of Part 4 after section 401 insert—...

s.sch001 After section 401A insert— Power to obtain information (1) An officer of Revenue and Customs may, for the...

s.sch001 (1) Amend section 410 as follows. (2) For subsection (1)...

s.sch001 After section 410 insert— Conversion etc of bonus share capital...

s.sch001 Minor and consequential amendments

s.sch001 (1) Amend section 412 (cash equivalent of share capital) as...

s.sch001 After section 414 insert— Interpretation of Chapter (1) In this Chapter “bonus share capital” means—

s.sch001 (1) Amend section 415 (charge to tax under Chapter 6)...

s.sch001 In section 419(1)(b) (loans and advances to people who die)...

s.sch001 In section 420(1)(b) (loans and advances to trustees of settlements...

s.sch001 After section 421 insert— Power to obtain information (1) An officer of Revenue and Customs may, for the...

s.sch001 (1) Amend section 456 (securities issued to connected persons etc...

s.sch001 In section 460(2) (minor definitions) for “section 840ZA of ICTA”...

s.sch001 In section 482(7) (conditions in relation to excepted group life...

s.sch001 In section 520(4) (the property categories) for “section 842 of...

s.sch001 Minor and consequential amendments

s.sch001 In section 643(4) (interpretation) for “section 416 of ICTA” substitute...

s.sch001 (1) Amend Schedule 2 (transitionals and savings) 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 (1) In section 48B(5) (alternative finance arrangements: alternative finance investment...

s.sch001 (1) Omit section 54A (treatment of section 47, 49 and...

s.sch001 Omit section 84 (taxation of securitisation companies).

s.sch001 In section 102(7)(b) (Pension Protection Fund etc) for “section 832(1)...

s.sch001 (1) Schedule 10 to the Railways Act 2005 (taxation provisions...

s.sch001 In section 17(4) of the Finance (No. 2) Act 2005...

s.sch001 Minor and consequential amendments

s.sch001 The Finance Act 2006 is amended as follows.

s.sch001 Omit section 82 (sale etc of lessor companies etc).

s.sch001 In section 83(6)(a) (restrictions on use of losses etc: leasing...

s.sch001 In Part 4 (Real Estate Investment Trusts) omit—

s.sch001 Omit Schedule 10 (sale etc of lessor companies etc).

s.sch001 Omit Schedule 16 (Real Estate Investment Trusts: excluded business and...

s.sch001 Omit Schedule 17 (group Real Estate Investment Trusts: modifications).

s.sch001 The Companies Act 2006 is amended as follows.

s.sch001 In section 141(4)(a) (subsidiary acting as authorised dealer in securities)...

s.sch001 Minor and consequential amendments

s.sch001 In section 1278(1)(c) (institutions to which information provisions apply) for...

s.sch001 Minor and consequential amendments

s.sch001 The Income Tax Act 2007 is amended as follows.

s.sch001 In section 69(7) (whether trade is same trade) for “has...

s.sch001 In section 136(2) (disposals of new shares) for “one of...

s.sch001 In section 139(4) (the control and independence requirement) in the...

s.sch001 (1) Amend section 151 (interpretation of Chapter) as follows.

s.sch001 In section 170 (persons interested in capital etc of company)—...

s.sch001 Omit sections 13 to 13A (small companies' relief).

s.sch001 Minor and consequential amendments

s.sch001 In section 190 (meaning of “qualifying 90% subsidiary”)—

s.sch001 In section 199(3)(c) (excluded activities: provision of services or facilities...

s.sch001 In section 232(4)(a) (acquisition of a trade or trading assets)—...

s.sch001 In section 257 (minor definitions)— (a) in subsection (1) in...

s.sch001 In section 301 (meaning of “qualifying 90% subsidiary”)—

s.sch001 In section 310(3)(c) (excluded activities: provision of services or facilities...

s.sch001 In section 313 (interpretation)— (a) in subsection (4) for “section...

s.sch001 In section 332 (minor definitions etc) in the definition of...

s.sch001 In section 340 (application and criteria for accreditation) after subsection...

s.sch001 In section 341 (terms and conditions of accreditation) after subsection...

s.sch001 Minor and consequential amendments

s.sch001 In section 346 (conditions to be met in relation to...

s.sch001 (1) Amend section 348 (CITR: tax relief certificates) as follows....

s.sch001 In section 355 (securities or shares: no claim after disposal...

s.sch001 (1) Amend section 356 (no claim after loss of accreditation...

s.sch001 (1) Amend section 361 (disposal of securities or shares during...

s.sch001 In section 363 (value received by investor during 6 year...

s.sch001 In section 364 (value received by investor during 6 year...

s.sch001 In section 365 (receipts of insignificant value to be added...

s.sch001 In section 368 (value received if more than one investment)...

s.sch001 In section 369 (effect of receipt of value on future...

s.sch001 Omit section 467 (exemption for trade unions and employers' associations)....

s.sch001 In section 373 (information to be provided by the investor)...

s.sch001 In section 392(4) (loan to buy interest in close company)—...

s.sch001 In section 394(5) (meaning of “material interest” in section 393)—...

s.sch001 In section 395(6) (meaning of “associate” in section 394) in...

s.sch001 In section 413(5) (overview of Chapter) for the words from...

s.sch001 In section 426(7) (election by donor: gift treated as made...

s.sch001 In section 430(1)(d) (“charity” to include exempted bodies) for “Schedule...

s.sch001 In section 432(2) (meaning of “qualifying investment”), in the definition...

s.sch001 In section 442(7)(b) (qualifying interests in land held jointly) for...

s.sch001 In section 443(5) (calculation of relievable amount where joint disposal...

s.sch001 Omit section 468 (authorised unit trusts).

s.sch001 In section 527(2)(a) for “section 214 of ICTA” substitute “...

s.sch001 In section 531(2A) (exemption for property income etc) for “section...

s.sch001 Minor and consequential amendments

s.sch001 In section 559(3) (securities which are approved charitable investments), in...

s.sch001 In section 576 (manufactured dividends on UK shares: Real Estate...

s.sch001 (1) Amend section 577 (statements about manufactured dividends) as follows....

s.sch001 In section 591(1) (interpretation of other terms used in Chapter)—...

s.sch001 Omit section 468A (open-ended investment companies).

s.sch001 In section 597(1)(d) (deemed interest: cash collateral under stock lending...

s.sch001 (1) Amend section 602 (deemed manufactured payments: repos) as follows....

s.sch001 (1) Amend section 603 (deemed deductions of tax) as follows....

s.sch001 (1) Amend section 604 (deemed increase in repurchase price: price...

s.sch001 In section 606 (interpretation of Chapter)— (a) for subsection (2)...

s.sch001 Minor and consequential amendments

s.sch001 In section 772(1) (interpretation of Chapter) for “section 776 of...

s.sch001 In section 809ZA (plant and machinery leases: capital receipts to...

s.sch001 Omit section 809ZB (section 809ZA: interpretation).

s.sch001 Omit section 469 (other unit trusts).

s.sch001 In section 809ZC(1) (section 809ZA: lease of plant and machinery...

s.sch001 After section 809ZD insert— Capital payment”, “relevant capital payment” etc...

s.sch001 In section 809M(3) (meaning of “relevant person”)—

s.sch001 In section 836(3) (jointly held property) for “section 254 of...

s.sch001 In section 899(5) (meaning of “qualifying annual payment”) for paragraph...

s.sch001 In section 918 (manufactured dividends on UK shares: Real Estate...

s.sch001 (1) Amend section 928 (chargeable payments connected with exempt distributions)...

s.sch001 In section 936(2) (recipients who are to be paid gross)—...

s.sch001 In section 953(6) (how a set-off claim works)—

s.sch001 In section 972(6) (regulations under section 971) for “section 121(2)(c)...

s.sch001 Omit section 469A (court common investment funds).

s.sch001 (1) Amend section 973 (income tax due in respect of...

s.sch001 (1) Amend section 974 (regulations under section 973) as follows....

s.sch001 (1) Amend section 989 (definitions) as follows.

s.sch001 In section 991 (meaning of “bank”) after subsection (4) insert—...

s.sch001 In section 992(2) (meaning of “company”) for “section 468 of...

s.sch001 In section 994(1) (meaning of “connected” person: supplementary) in the...

s.sch001 In section 997(5) (meaning of “international accounting standards”) for “section...

s.sch001 (1) Amend section 999 (meaning of “local authority”) as follows....

s.sch001 In section 1000 (meaning of “local authority association”) for subsections...

s.sch001 In section 1016(2) (table of provisions to which that section...

s.sch001 Omit section 477A (building societies: loan relationships).

s.sch001 In section 1017 (abbreviated references to Acts) at the appropriate...

s.sch001 (1) Amend Schedule 2 (transitional and savings) as follows.

s.sch001 In Schedule 4 (index of defined expressions)—

s.sch001 The Finance Act 2007 is amended as follows.

s.sch001 Omit section 3 (small companies' rates and fractions for financial...

s.sch001 In paragraph 5(4)(b) of Schedule 24 (potential lost revenue: normal...

s.sch001 The Finance Act 2008 is amended as follows.

s.sch001 In section 6(3) (charge and main rates for financial year...

s.sch001 Omit section 7 (small companies' rates and fractions for financial...

s.sch001 In section 165(1) (interpretation) at the appropriate place insert— “CTA...

s.sch001 Omit section 486 (industrial and provident societies and co-operative associations)....

s.sch001 (1) Amend Schedule 19 (reduction of basic rate of income...

s.sch001 (1) Amend Schedule 20 (leases of plant or machinery) as...

s.sch001 (1) Amend Schedule 36 (information and inspection powers) as follows....

s.sch001 In paragraph 7(4) of Schedule 41 (potential lost revenue)—

s.sch001 (1) Schedule 13 to the Crossrail Act 2008 (transfer schemes:...

s.sch001 The Charities Act (Northern Ireland) 2008 is amended as follows....

s.sch001 In section 5(4) for the words from “a club” to...

s.sch001 (1) Amend section 45 as follows. (2) In subsection (1)—...

s.sch001 In paragraph 1 of the Schedule to the Transfer of...

s.sch001 The Corporation Tax Act 2009 is amended as follows.

s.sch001 Omit section 488 (co-operative housing associations).

s.sch001 In section 20(3) (profits attributable to permanent establishment: introduction) for...

s.sch001 In section 25(3) (non-UK resident banks: introduction) for “section 840A...

s.sch001 In section 39(3) (profits of mines, quarries and other concerns)...

s.sch001 In section 57 (car hire: supplementary)— (a) in subsection (2)(a)...

s.sch001 In section 87(5) (expenses of research and development) for “section...

s.sch001 In section 88(1)(a) (payments to research associations, universities etc)—

s.sch001 In section 97(4) (meaning of sale and lease-back arrangement) for...

s.sch001 (1) Amend section 105 (gifts of trading stock to charities...

s.sch001 In section 132(5) (dividends etc granted by industrial and provident...

s.sch001 In section 168 (connected persons) in paragraph (a) for “section...

s.sch001 Omit section 14 (qualifying distributions).

s.sch001 Omit section 489 (self-build societies).

s.sch001 After section 221 insert— Sums to which sections 217 to...

s.sch001 In section 260(3) (mutual business) for “section 488 of ICTA”...

s.sch001 In section 264(2) (overview of Chapter) for paragraph (a) substitute—...

s.sch001 In section 269(2)(b) (capital allowances and loss relief) for “Chapter...

s.sch001 In section 297(5)(c) (trading credits and debits to be brought...

s.sch001 In section 326(3) (writing off government investments)—

s.sch001 In section 345(1)(b) (transferee leaving group otherwise than because of...

s.sch001 In section 346(1) (transferee leaving group because of exempt distribution)—...

s.sch001 In section 364(5) (introduction to Chapter) for “section 403C of...

s.sch001 (1) Amend section 371 (interpretation) as follows.

s.sch001 Omit section 490 (companies carrying on a mutual business or...

s.sch001 (1) Amend section 376 (interpretation of section 375) as follows....

s.sch001 In section 383(8) (lending between partners and the partnership) for...

s.sch001 (1) Amend section 390 (meaning of available profits) as follows....

s.sch001 In section 410(5) (exception to section 409) in the definition...

s.sch001 In section 411(3) (interpretation of section 409)—

s.sch001 Minor and consequential amendments

s.sch001 (1) Amend section 443 (restriction of relief for interest where...

s.sch001 In section 448(1)(c) (exchange gains and losses on debtor relationships:...

s.sch001 (1) Amend section 457 (basic rule for deficits: carry forward...

s.sch001 In section 459(2) (claim to set off deficit against profits...

s.sch001 Omit section 492 (treatment of oil extraction activities etc for...

s.sch001 (1) Amend section 461 (claim to set off deficit against...

s.sch001 In section 463(5) (profits available for relief under section 462)—...

s.sch001 In section 464(3) (priority of Part for corporation tax purposes)—...

s.sch001 In section 465(3) (exclusion of distributions except in tax avoidance...

s.sch001 In section 476(1) (other definitions)— (a) in the definition of...

s.sch001 In section 486F(2)(a) (meaning of “income stream transfer”) for “Part...

s.sch001 In section 486G(2) (meaning of “relevant receipts”) for “paragraph 1(2)...

s.sch001 (1) Amend section 488 (meaning of “open-ended investment company etc”)...

s.sch001 (1) Amend section 493 (the qualifying investments test) as follows....

s.sch001 In section 495(3)(a)(ii) (qualifying holdings) for “section 468A(3) of ICTA”...

s.sch001 (1) Omit section 493 (valuation of oil disposed of or...

s.sch001 In section 502(1)(a) (meaning of “financial institution”) for “section 840A...

s.sch001 In section 518(2)(c) (investment bond arrangements: treatment as securities) for...

s.sch001 (1) Amend section 519 (investment bond arrangements: other provisions) as...

s.sch001 In section 520(2)(b) (provision not at arm's length: non-deductibility of...

s.sch001 In section 521D(5) (excepted shares) for the words from “Chapter...

s.sch001 In section 539(7) (introduction to Chapter 9 of Part 6)...

s.sch001 In section 540(3) (manufactured interest treated as interest under loan...

s.sch001 (1) Amend section 541 (debits for deemed interest under stock...

s.sch001 In section 606H(11) (other interpretative provisions) for “section 840ZA of...

s.sch001 In section 629(5) (tax avoidance), in the definition of “tax...

s.sch001 Omit sections 494 to 494A (loan relationships etc, sale and...

s.sch001 In section 631(1) (transferee leaving group otherwise than because of...

s.sch001 In section 632(1) (transferee leaving group because of exempt distribution)—...

s.sch001 In section 691(6) (meaning of “unallowable purpose”) for “section 840ZA...

s.sch001 (1) Amend section 710 (other definitions) as follows.

s.sch001 In section 753(3)(b) (treatment of non-trading losses) for “(see section...

s.sch001 In section 768 (company cannot be member of more than...

s.sch001 In section 772 (equity holders and profits or assets available...

s.sch001 In section 773(1) (supplementary provisions) for “section 838 of ICTA”...

s.sch001 In section 775(4)(b) (transfers within a group) for “section 404...

s.sch001 In section 777(3)(e) (relief on realisation and reinvestment: application to...

s.sch001 (1) Omit section 495 (regional development grants).

s.sch001 In section 784 (groups with a relevant connection) for subsection...

s.sch001 In section 787(5) (company ceasing to be member of group...

s.sch001 In section 793(4)(b) (further requirements about elections) for “section 404...

s.sch001 (1) Amend section 796 (interpretation of section 795) as follows....

s.sch001 In section 814(5) (research and development) for “section 837A of...

s.sch001 In section 818(4)(b) (company reconstruction involving transfer of business) for...

s.sch001 In section 826(3)(c) (amalgamation of, or transfer of engagements by,...

s.sch001 (1) Amend section 841 (“participator” and “associate”) as follows.

s.sch001 In section 847(5)(a) (transfers involving other taxes) for “section 209...

s.sch001 In section 931B(b) (exemption of distributions received by small companies)...

s.sch001 (1) Omit section 496 (tariff receipts and tax-exempt tariffing receipts)....

s.sch001 In section 931D(b) (exemption of distributions received by companies that...

s.sch001 In section 931V(2) (meaning of “scheme” and “tax advantage scheme”)...

s.sch001 Omit section 968 (meaning of “personal representatives”) (including the italic...

s.sch001 In section 971(2)(b) (overview of Chapter) for “section 7(2) of...

s.sch001 In section 974(6) (charge to tax under Chapter 6) for...

s.sch001 In section 1004(9) (groups, consortiums and commercial associations of companies)...

s.sch001 In section 1041 (“research and development”) for “section 837A of...

s.sch001 (1) Amend section 1048 (treatment of deemed trading loss under...

s.sch001 In section 1049(3) (restriction on consortium relief) for “under section...

s.sch001 (1) Amend section 1056 (amount of unrelieved trading loss) as...

s.sch001 Omit section 496B (ring fence expenditure supplement).

s.sch001 In section 1062(2) (restriction on losses carried forward where tax...

s.sch001 Minor and consequential amendments

s.sch001 In section 1116(4)(a) (meaning of “the actual reduction in tax...

s.sch001 In section 1142(1) (meaning of “qualifying body”)—

s.sch001 (1) Amend section 1153 (amount of unrelieved loss) as follows....

s.sch001 (1) Amend section 1158 (restriction on losses carried forward where...

s.sch001 In section 1179 (other definitions) for the definition of “UK...

s.sch001 Omit sections 500 to 501B (deduction of PRT, interest on...

s.sch001 In section 1209(2) (restriction on use of losses while film...

s.sch001 (1) Amend section 1210 (use of losses in later periods)...

s.sch001 (1) Amend section 1211 (terminal losses) as follows.

s.sch001 In section 1219 (expenses of management of a company's investment...

s.sch001 In section 1220(5)(b) (meaning of “unallowable purpose”) for “section 840ZA...

s.sch001 In section 1221(1) (amounts treated as expenses of management)—

s.sch001 (1) Amend section 1223 (carrying forward expenses of management and...

s.sch001 In section 1225(3) (accounts conforming with GAAP) for “section 1311”...

s.sch001 In section 1229(6) (claw back of relief) for “section 1311”...

s.sch001 In section 1248 (expenses in connection with arrangements for securing...

s.sch001 (1) Omit section 502 (interpretation of Chapter 5).

s.sch001 In section 1256(2) (overview) for “section 116 of ICTA (arrangements...

s.sch001 (1) Amend section 1262 (allocation of firm's profits or losses...

s.sch001 Before section 1302 insert— Qualifying charitable donations In calculating a company's income from any source for corporation...

s.sch001 In section 1306(3)(a) (losses calculated on same basis as miscellaneous...

s.sch001 (1) Amend section 1307 (apportionment etc of miscellaneous profits and...

s.sch001 In section 1308(7) (expenditure brought into account in determining value...

s.sch001 Omit section 1311 (apportionment to different periods) (including the italic...

s.sch001 In section 1312 (abbreviated references to Acts) insert at the...

s.sch001 (1) Amend section 1316 (meaning of “connected” persons and “control”)...

s.sch001 Omit section 1317 (meaning of “farming” and related expressions).

s.sch001 (1) Omit section 24 (which has come to apply only...

s.sch001 Omit Chapter 5A of Part 12 (special rules for long...

s.sch001 Omit section 1318 (meaning of grossing up).

s.sch001 (1) Amend section 1319 (other definitions) as follows.

s.sch001 Omit section 1320(1) (interpretation: Scotland).

s.sch001 (1) Amend Schedule 2 (transitionals and savings) as follows.

s.sch001 (1) Amend Schedule 4 (index of defined expressions) as follows....

s.sch001 Minor and consequential amendments

s.sch001 The Finance Act 2009 is amended as follows.

s.sch001 In section 7(3) (charge and main rates for financial year...

s.sch001 In section 8(4) (small companies' rates and fractions for financial...

s.sch001 Omit section 38 (corporation tax: foreign currency accounting).

s.sch001 Omit section 503 (letting of furnished holiday accommodation).

s.sch001 In section 45(6) (power to enable dividends of investment trusts...

s.sch001 Omit section 90 (supplementary charge: reduction for certain new oil...

s.sch001 In section 126(1) (interpretation) at the appropriate place insert— “CTA...

s.sch001 In Schedule 3 (VAT: supplementary charge and orders changing rate)...

s.sch001 (1) Amend paragraph 3 of Schedule 6 (temporary extension of...

s.sch001 Omit Schedule 18 (corporation tax: foreign currency accounting).

s.sch001 (1) Amend Schedule 22 (offshore funds) as follows.

s.sch001 Omit paragraphs 1 to 6 of Schedule 25 (transfer of...

s.sch001 (1) Amend Schedule 33 (long funding leases of films) as...

s.sch001 In Schedule 35 (pensions: special annual allowance charge) in paragraph...

s.sch001 Omit section 505 (charitable companies: general).

s.sch001 Omit Schedule 44 (supplementary charge: reduction for certain new oil...

s.sch001 (1) Amend paragraph 18 of Schedule 46 (duties of senior...

s.sch001 In Schedule 53 (late payment interest) in paragraph 6 for...

s.sch001 In Schedule 55 (penalty for failure to make returns etc)...

s.sch001 (1) Amend Schedule 61 (alternative finance investment bonds) as follows....

s.sch001 Omit section 506 (charitable and non-charitable expenditure).

s.sch001 Omit section 506A (transactions with substantial donors).

s.sch001 Omit section 506B (section 506A: exceptions).

s.sch001 Omit section 506C (sections 506A and 506B: supplemental).

s.sch001 Omit section 507 (the National Heritage Memorial Fund, the Historic...

s.sch001 Omit section 508 (scientific research organisations).

s.sch001 Omit section 510 (agricultural societies).

s.sch001 Omit section 56(3)(c) (exemption for transactions in deposits).

s.sch001 Omit section 510A (European Economic Interest Groupings).

s.sch001 Omit section 511(7) (the Gas Council).

s.sch001 Omit section 513 (British Airways Board and National Freight Corporation)....

s.sch001 Omit section 517 (issue departments of Reserve Bank of India...

s.sch001 Omit section 518 (harbour reorganisation schemes).

s.sch001 Omit section 519 (local authorities).

s.sch001 Omit section 519A (health service bodies).

s.sch001 In section 552A(11) (tax representatives) for “Section 839” substitute “...

s.sch001 Omit Chapter 5A of Part 13 (share loss relief).

s.sch001 Omit section 587B (gifts of shares, securities and real property...

s.sch001 Minor and consequential amendments

s.sch001 Omit section 587BA (qualifying interests in land held jointly).

s.sch001 Omit section 587C (supplementary provision for gifts of real property)....

s.sch001 Omit section 687A (discretionary payments by trustees to companies).

s.sch001 Omit section 689B (order in which trustees' expenses are to...

s.sch001 Omit Chapter 1 of Part 17 (cancellation of corporation tax...

s.sch001 Omit section 736A (manufactured dividends and interest).

s.sch001 Omit section 736B (deemed manufactured payments in the case of...

s.sch001 In section 749B(3) (interests in companies) for “Part VI” substitute...

s.sch001 In section 750(3)(c)(i) (territories with a lower level of taxation)...

s.sch001 In section 751(6)(b) (accounting periods and creditable tax) for “section...

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 Section 949 does not apply if the transfer of the...

s.sch002 Section 996 does not have effect in relation to periods...

s.sch002 Section 1006 applies only to securities issued after 5 April...

s.sch002 (1) Securities do not meet Condition A in section 1015...

s.sch002 Section 1018(1) applies only to securities issued after 5 April...

s.sch002 (1) Section 1022(3) (amount paid up on bonus share capital...

s.sch002 (1) In relation to share capital issued before 7 April...

s.sch002 (1) Section 1032(1) does not apply in the case of...

s.sch002 (1) This paragraph applies if— (a) share capital is issued...

s.sch002 Section 1050 does not apply in relation to a conversion...

s.sch002 (1) This paragraph applies if— (a) a loss of a...

s.sch002 Paragraph 8(1) (saving for certain provisions repealed by this Act...

s.sch002 In relation to a distribution paid before 1 July 2009...

s.sch002 Section 1110(5) and (6) and section 1111(1) do not apply...

s.sch002 (1) Section 1139 has effect as if in subsection (4)(b)...

s.sch002 (1) In relation to shares and securities issued before 17...

s.sch002 If an order under paragraph 13(2) of Schedule 22 to...

s.sch002 (1) This paragraph applies if— (a) a loss arises in...

s.sch002 (1) Paragraphs 14, 15 and 16 apply if a company—...

s.sch002 In relation to an accounting period beginning before 21 July...

s.sch002 This Schedule has effect in relation to the company as...

s.sch002 In relation to profits or losses arising in accounting periods...

s.sch002 (1) The repeal by this Act of the superseded carry...

s.sch002 (1) This paragraph applies for the purposes of section 37...

s.sch002 (1) This paragraph applies for the purposes of section 42...

s.sch002 Paragraph 1 does not apply to any change made by...

s.sch002 Section 41 does not have effect in relation to cessations...

s.sch002 Section 52(1)(c) does not cover arrangements made wholly before 6...

s.sch002 Section 53(1)(a) does not cover contracts entered into before 6...

s.sch002 The relief covered by section 56(4) includes—

s.sch002 (1) The relief covered by section 59(4) includes relief given...

s.sch002 (1) This paragraph applies to any loss made by a...

s.sch002 Section 92(1) does not cover government investment written off before...

s.sch002 (1) In relation to new shares issued before 1 April...

s.sch002 (1) In relation to shares issued before 17 March 2004,...

s.sch002 (1) In relation to shares issued before 6 April 2007,...

s.sch002 Any subordinate legislation or other thing which—

s.sch002 (1) In relation to shares issued before 17 March 2004,...

s.sch002 (1) In relation to shares issued before 6 April 2007,...

s.sch002 Section 82 does not apply in relation to shares issued...

s.sch002 Section 83 does not apply in relation to shares issued...

s.sch002 (1) In relation to shares issued before 6 April 2006,...

s.sch002 (1) In relation to shares issued before 7 March 2001,...

s.sch002 Section 86 does not apply in relation to shares issued...

s.sch002 (1) In relation to new shares issued before 1 April...

s.sch002 Section 88 does not apply in relation to shares issued...

s.sch002 (1) In relation to shares issued before 1 April 2010,...

s.sch002 (1) Any reference (express or implied) in this Act, another...

s.sch002 In relation to shares issued before 6 April 1998, section...

s.sch002 (1) This paragraph applies in relation to shares issued before...

s.sch002 In relation to shares issued before 17 March 2004, section...

s.sch002 (1) In relation to shares issued before 6 April 2008,...

s.sch002 In relation to shares issued before 6 April 2007, section...

s.sch002 (1) In relation to shares issued before 6 April 2007,...

s.sch002 (1) Sub-paragraph (3) applies, in the circumstances mentioned in sub-paragraph...

s.sch002 (1) This paragraph applies in relation to shares issued on...

s.sch002 In relation to shares issued before 6 April 2000, section...

s.sch002 In relation to shares issued before 6 April 2007, section...

s.sch002 (1) Any reference (express or implied) in any enactment, instrument...

s.sch002 (1) Sub-paragraph (2) applies in relation to—

s.sch002 (1) For the purposes of this Part of this Schedule,...

s.sch002 In section 127 “arrangements” covers only— (a) arrangements made on...

s.sch002 Section 175 has effect in relation to an accounting period...

s.sch002 Sections 173 to 178 do not have effect where the...

s.sch002 (1) Sub-paragraph (2) applies in relation to shares issued by...

s.sch002 Section 192, and the words “(but see section 192)” in...

s.sch002 (1) This paragraph applies if— (a) a payment is made...

s.sch002 (1) This paragraph applies if the Enactment of Extra-Statutory Concessions...

s.sch002 (1) Sub-paragraph (2) applies in relation to any time after...

s.sch002 Paragraphs 1 to 5 have effect instead of section 17(2)...

s.sch002 In relation to accounting periods beginning before 1 April 2011—...

s.sch002 (1) Chapter 2 of Part 9 (long funding leases of...

s.sch002 (1) If at the beginning of 13 December 2007—

s.sch002 (1) Sections 370 and 371 do not apply if—

s.sch002 (1) Section 376 (films) does not apply if the inception...

s.sch002 (1) In relation to losses incurred in accounting periods ending...

s.sch002 (1) If the relevant date for the purposes of any...

s.sch002 (1) The reference in section 456(4)(b) to other outstanding loans...

s.sch002 Paragraphs 4 and 5 apply only so far as the...

s.sch002 The repeal by this Act of section 56(3)(c) of ICTA...

s.sch002 In relation to distributions paid before 1 July 2009 section...

s.sch002 (1) In relation to distributions paid before 1 July 2009...

s.sch002 Section 496(1)(e) and (f) and sections 502 to 510 (non-charitable...

s.sch002 For the purposes of section 502 a person may meet...

s.sch002 In relation to times before 23 April 2009, section 502(2)(b)...

s.sch002 Until paragraph 15 of Schedule 9 to the Housing and...

s.sch002 (1) This paragraph applies if, as a result of sections...

s.sch002 (1) This paragraph applies in relation to accounting periods beginning...

s.sch002 (1) In relation to any time before 6 July 2009,...

s.sch002 (1) The repeal by this Act of a transitional or...

s.sch002 So far as any function of the Welsh Ministers under...

s.sch002 Until paragraph 13 of Schedule 9 to the Housing and...

s.sch002 Until paragraph 14 of Schedule 9 to the Housing and...

s.sch002 (1) Part 15 (transactions in securities), so far as relating...

s.sch002 (1) In its application to a transaction in securities that...

s.sch002 Chapter 1 of Part 16 does not have effect in...

s.sch002 Chapter 2 of Part 16 has no effect in relation...

s.sch002 (1) In relation to a transfer before 22 April 2009,...

s.sch002 In relation to a transfer before 22 April 2009, section...

s.sch002 (1) In this Part— “enactment” includes subordinate legislation (within the...

s.sch002 Manufactured payments and repos

s.sch002 (1) Sub-paragraphs (2) and (3) apply if—

s.sch002 (1) Chapter 2 of Part 20 does not apply as...

s.sch002 (1) In relation to payments made under leases whose inception...

s.sch002 So far as it applies in relation to a period...

s.sch002 Section 945 does not apply if the transfer of the...

s.269 Group allowance allocation statement: submission Regulated

Submit a group allowance allocation statement to HMRCTrader

s.269 Group allowance allocation statement: requirements and effects Regulated

File a correct group allowance allocation statement and fix errors within 30 daysTrader

s.269 Company tax return to specify amount of deductions allowance Regulated

Include deductions allowance details in company tax returnTrader

s.269 Excessive specifications of deductions allowance Regulated

Amend tax return if you specify an excessive deductions allowanceTrader

s.356 Overview of Part

amended 4 times

s.356 “Oil contractor activities” etc

amended 4 times

s.356 “Relevant asset”

amended 4 times

s.356 “Associated person”

amended 4 times

s.356 “Lease”

amended 4 times

s.356 “Contractor's ring fence profits”

amended 4 times

s.356 Oil contractor activities treated as separate trade

amended 4 times

s.356 Restriction on hire etc of relevant assets to be brought into account

amended 4 times

s.356 Restriction on hire: further provision

amended 4 times

s.356 Restriction on debits to be brought into account

amended 4 times

s.356 Restriction on credits to be brought into account

amended 4 times

s.356 Management expenses

amended 4 times

s.356 Losses

amended 4 times

s.356 Group relief and group relief for carried-forward losses

amended 4 times

s.356 Capital allowances

amended 4 times

s.356 Restriction on deductions from contractor's ring fence profits

amended 4 times

s.356 Deductions allowances where company has contractor's ring fence profits

amended 4 times

s.356 Modification of provisions restricting the use of losses

amended 4 times

s.356 Overview of Part

amended 4 times

s.356 Disposals of land in the United Kingdom

amended 4 times

s.356 Disposals of land: profits treated as trading profits

amended 4 times

s.356 Disposals of property deriving its value from land in the United Kingdom

amended 4 times

s.356 Disposals within section 356OD: profits treated as trading profits

amended 4 times

s.356 Profits and losses

amended 4 times

s.356 The chargeable company

amended 4 times

s.356 Fragmented activities

amended 4 times

s.356 Calculation of profit or gain on disposal

amended 4 times

s.356 Apportionments

amended 4 times

s.356 Arrangements for avoiding tax

amended 4 times

s.356 Profits attributable to period before relevant activities etc began

amended 4 times

s.356 Tracing value

amended 4 times

s.356 Relevance of transactions, arrangements, etc

amended 4 times

s.356 “Another person”

amended 4 times

s.356 “Arrangement”

amended 4 times

s.356 “Disposal”

amended 4 times

s.356 “Land” and related expressions

amended 4 times

s.356 References to realising a gain

amended 4 times

s.356 Related parties

amended 4 times

43 other provisions

s.269 Overview of Part

s.269 Restriction on deductions from trading profits

s.269 Restriction on deductions from chargeable gains

s.269 Restriction on deductions from non-trading profits

s.269 Restriction on deductions from total profits

s.269 References to a company’s “deductions allowance”

s.269 Restriction on deductions from total profits: insurance companies

s.269 “Relevant trading profits” , “total relevant non-trading profits” etc

s.269 “Relevant profits”

s.269 Modifications for certain insurance companies

s.269 Restriction on deductions of non-BLAGAB allowable losses from BLAGAB chargeable gains

s.269 General insurance companies: excluded accounting periods

s.269 “Insolvency procedures”

s.269 “Qualifying latent claims”

s.269 Exclusion of shock losses from restrictions

s.269 Meaning of “shock loss”: requirement to make a claim

s.269 Further provision about claims under section 269ZK

s.269 Meaning of “solvency shock period”

s.269 Determination of shock loss threshold

s.269 Calculation of solvency loss

s.269 Interpretation of sections 269ZJ to 269ZO

s.269 Power to amend

s.269 Deductions allowance for company in a group

s.269 Group deductions allowance and the nominated company

s.269 Group allowance nomination: former groups

s.269 Group allowance allocation statement: submission of revised statement

s.269 Group allowance allocation statement: former groups

s.269 Deductions allowance for company not in a group

s.269 Increase of deductions allowance for insolvent companies

s.269 Increase of deductions allowance in connection with onerous or impaired leases

s.269 Meaning of “relevant reversal credit”

s.269 Deductions allowance for company without a source of chargeable income

s.269 Provisional application of section 269ZYA

s.269 Other relevant credits

s.269 Meaning of “group”

s.938 Losses and profits from tax mismatch scheme to be disregarded

s.938 Meaning of “tax mismatch scheme”

s.938 Meaning of “scheme loss” and “scheme profit”

s.938 Meaning of “relevant tax advantage” etc and “the scheme period”

s.938 Meaning of references to economic profits and losses

s.938 Tax capacity assumption

s.938 Meaning of “scheme”

s.938 Priority

Help complying

Guvnor’s practical routes through this instrument.

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Year-end checklist to verify your Corporation Tax compliance is complete.

Corporation Tax basics

Understanding and paying Corporation Tax.

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13 more guides that reference this instrument

How taxes work for limited companies Patent Box: reduce Corporation Tax on patented profits Plan your Corporation Tax payments Charity tax and business rates reliefs Charity trading rules and when you need a trading subsidiary Claim R&D tax relief for your company Avoid Self Assessment penalties Close a solvent company using Members' Voluntary Liquidation Digital Services Tax (DST) Compliance Handle an HMRC Self Assessment enquiry Register for Self Assessment Register your company for Corporation Tax Understanding HMRC enquiries

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 2010

Does it bind you?

Other Acts binding the same actors

What it requires

Introduction

Calculation of liability in respect of profits

Companies with small profits

Companies with small profits

Loss relief

Group relief

Group relief for carried-forward losses

Charitable donations relief

Relief for expenditure on grassroots sport

Community investment tax relief

Banking companies

Oil activities

Profits arising from the exploitation of patents etc

Trading profits taxable at the Northern Ireland rate

Restitution interest

Leasing plant or machinery

Close companies

Charitable companies etc

Real Estate Investment Trusts

Other special types of company etc

Change in company ownership

Transfer of deductions

Tax avoidance involving carried-forward losses

Transactions in securities

Factoring of income etc

Manufactured payments and repos

Manufactured dividends

Transactions in land

Sale and lease-back etc

Tax avoidance involving leasing plant or machinery

Leasing arrangements: finance leases and loans

Risk transfer schemes

Group mismatch schemes

Tainted charity donations

Miscellaneous provisions

Company distributions

Corporation Tax Acts definitions etc

Definitions for purposes of Act and final provisions

Schedules

Help complying

File your first Self Assessment tax return

Explore business rescue and insolvency options

Respond to a Self Assessment penalty

Respond to a Corporation Tax penalty or enquiry

Self Assessment quick compliance check

Set up a limited company

Associated companies and Corporation Tax

Close company tax rules for owner-managed businesses

Corporation Tax annual compliance checklist

Corporation Tax basics

Corporation tax loss relief

Corporation tax rates and small profits relief

Director's loans

File your Company Tax Return (CT600)