| Guvnor

Enforced by: HMRC
Status: Amended (in force with amendments)
Penalty ceiling: Prosecution 2 of 48 obligations carry a criminal penalty. 2 carry different penalties and 44 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trader24 Any Person16 Director or Officer2 Licence Holder1

Plus 5 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

Licence Holder — also bound by 225 other Acts

Petroleum (Current Model Clauses) Order 1999 318 duties

The Petroleum Licensing (Exploration and Production) (Seaward and Landward Areas) Regulations 2004 123 duties

Human Medicines Regulations 2012 83 duties

Space Industry Regulations 2021 68 duties

The Petroleum (Production) (Landward Areas) Regulations 1991 65 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

Overview

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.001 Overview of Act

Part 2

Double taxation relief

23 of 143 sections shown

s.036 Amount of limit Regulated

Calculate and limit Foreign Tax Credit against income taxAny Person
Calculate foreign tax credit within the statutory limitAny Person

s.040 Amount of limit Regulated

Calculate and claim capital gains tax credit within the allowed limitAny Person
Calculate the limit for foreign tax credit against Capital Gains TaxAny Person

s.044 Credit against tax on trade income Regulated

Calculate and claim corporation tax credit on trade income correctlyDirector or Officer
Limit foreign tax credits against your trade incomeTrader

s.049 Limit on credit in cases involving qualifying loan relationships of CFCs Regulated

Calculate and limit loan‑relationship tax credit for UK companies with CFC linksTrader
Limit foreign tax credit claims for certain CFC loan relationshipsTrader

s.049 Applying section 42(2) to non-trading credits from loan relationships etc Regulated

Calculate foreign tax credit limits for non‑trading creditsDirector or Officer
Limit foreign tax credit claims on non-trading loan relationship incomeTrader

s.054 Non-trading debits on loan relationships Regulated

Allocate non-trading debits correctly for double taxation reliefTrader

s.080 Duty to give notice that adjustment has rendered credit excessive Regulated

Notify HMRC if foreign tax credit is reduced or becomes excessiveAny Person

s.097 Companies with more than one category of business: restriction of credit Regulated

Restrict foreign tax credit across insurance business categoriesTrader

s.102 Interpreting sections 99 to 101 for life assurance or gross roll-up business

amended 1 time (opens in a new tab)

s.103 Interpreting sections 99 to 101 ...

amended 1 time (opens in a new tab)

s.104 Interpreting sections 100 and 101: amounts referable to category of business

amended 1 time (opens in a new tab)

s.112 Deduction from income for foreign tax (instead of credit against UK tax)

amended 8 times (opens in a new tab)

s.115 Duty to give notice that adjustment has rendered reduction too large Regulated

Notify HMRC if a foreign tax adjustment makes your UK tax relief too highAny Person
Notify HMRC if a foreign tax reduction becomes too largeAny Person

s.116 Introduction to section 117

amended 11 times (opens in a new tab)

s.117 Tax treated as chargeable in respect of transfer of loan relationship, derivative contract or intangible fixed assets

amended 2 times (opens in a new tab)

s.118 Introduction to section 119

amended 13 times (opens in a new tab)

s.119 Tax treated as chargeable in respect of transfer of loan relationship, derivative contract or intangible fixed assets

amended 2 times (opens in a new tab)

s.120 Introduction to section 121

amended 2 times (opens in a new tab)

s.121 Tax treated as chargeable in respect of relevant transactions

amended 1 time (opens in a new tab)

s.122 Tax treated as chargeable in respect of gains on transfer of non-UK business

amended 1 time (opens in a new tab)

s.123 Interpretation of sections 116 to 122

amended 2 times (opens in a new tab)

s.124 Giving effect to solutions to cases and mutual agreements resolving cases

amended 1 time (opens in a new tab)

s.133 Special relationship rule for royalties: matters to be shown by taxpayer Regulated

Show HMRC that royalty payments are at a fair market rateAny Person
Show no special relationship or calculate royalty rates for HMRCTrader

120 other sections in this Part — procedural and definitional

s.002 Giving effect to arrangements made in relation to other territories

s.003 Arrangements may include retrospective or supplementary provision

s.004 Meaning of “double taxation” in sections 2 and 3

s.005 Orders under section 2: contents and procedure

s.006 The effect given by section 2 to double taxation arrangements

s.007 General regulations

s.008 Interpretation: “ unilateral relief arrangements ” means rules 1 to 9, etc

s.009 Rule 1: the unilateral entitlement to credit for non-UK tax

s.010 Rule 2: accrued income profits

s.011 Rule 3: interaction between double taxation arrangements and rules 1 and 2

s.012 Rule 4: cases in which, and calculation of, credit allowed for tax on dividends

s.013 Rule 5: credit for tax charged directly on dividend

s.014 Rule 6: credit for underlying tax on dividend paid to 10% associate of payer

s.015 Rule 7: credit for underlying tax on dividend paid to sub-10% associate

s.016 Rule 8: credit for underlying tax on dividend paid by exchanged associate

s.017 Rule 9: credit in relation to dividends for spared tax

s.018 Entitlement to credit for foreign tax reduces UK tax by amount of the credit

s.019 Time limits for claims for relief under section 18(2)

s.020 Foreign tax includes tax spared because of international development relief

s.021 Meaning of “the arrangements”, “the non-UK territory”, “foreign tax” etc

s.022 Credit for foreign tax on overlap profit if credit for that tax already allowed

s.023 Time limits for claims for relief under section 22(2)

s.024 Claw-back of relief under section 22(2)

s.025 Credit not allowed if relief allowed against overseas tax

s.026 Credit not allowed under arrangements unless taxpayer is UK resident

s.027 Credit not allowed if person elects against credit

s.028 Unilateral relief for Isle of Man or Channel Islands tax

s.029 Unilateral relief for tax on income from employment or office

s.030 Unilateral relief for non-UK tax on non-resident's UK branch or agency etc

s.031 Calculation of income or gain where remittance basis does not apply

s.032 Calculation of amount received where UK tax charged on remittance basis

s.033 Limit on credit: minimisation of the foreign tax

s.034 Reduction in credit: payment by reference to foreign tax

s.035 Disallowed credit: use as a deduction

s.037 Credit against tax on trade income: further rules

s.038 Credit against tax on royalties: further rules

s.039 Credit reduced by reference to accrued income losses

s.041 Amount of limit

s.042 Amount of limit

s.043 Profits attributable to permanent establishments for purposes of section 42(2)

s.045 Credit against tax on trade income: anti-avoidance rules

s.046 Applying section 44(2): asset in hedging relationship with derivative contract

s.047 Applying section 44(2): royalty income

s.048 Applying section 44(2): “portfolio” of transactions, arrangements or assets

s.049 Restricting section 44(3) if company is a bank or connected with a bank

s.050 Tax for period on loan relationships

s.051 Tax for period on intangible fixed assets

s.052 General deductions

s.053 Earlier years' non-trading deficits on loan relationships

s.055 Current year's non-trading deficits on loan relationships

s.056 Non-trading debits on intangible fixed assets

s.057 Credit in respect of dividend: taking account of underlying tax

s.058 Calculation if dividend paid by non-resident company to resident company

s.059 Meaning of “relevant profits” in section 58

s.060 Underlying tax to be left out of account on claim to that effect

s.061 Calculation if section 58 does not apply

s.062 Meaning of “relevant profits” in section 61

s.063 Non-UK company dividend paid to 10% investor: relief for UK and other tax

s.064 Meaning of “dividend-paying chain” of companies

s.065 Relief for underlying tax paid by company lower in dividend-paying chain

s.066 Limitations on section 65(4)

s.067 Restriction of relief if underlying tax at rate higher than rate of corporation tax

s.068 Meaning of “avoidance scheme” in section 67

s.069 Dividends paid out of transferred profits

s.070 Underlying tax reflecting interest on loans

s.071 Foreign taxation of group as single entity

s.071 Circumstances in which section 71B applies

s.071 Reduction of foreign tax paid on profits of overseas PE

s.072 Application of section 73(1)

s.073 Carry-forward and carry-back of unrelieved foreign tax

s.074 Rules for carrying back unrelieved foreign tax

s.075 Two or more establishments treated as a single establishment

s.076 Former and subsequent establishments regarded as distinct establishments

s.077 Claims for relief under section 73(1)

s.078 Meaning of “overseas permanent establishment”

s.079 Time limits for action if tax adjustment makes credit excessive or insufficient

s.081 Countering effect of avoidance arrangements

s.082 Conditions for the purposes of section 81(1)

s.083 Schemes and arrangements referred to in section 82(4)

s.084 Section 83(2) and (4): schemes enabling attribution of foreign tax

s.085 Section 83(2) and (4): schemes about effect of paying foreign tax

s.085 Section 83(2) and (4): schemes involving deemed foreign tax

s.086 Section 83(2) and (4): schemes about claims or elections etc

s.087 Section 83(2) and (4): schemes that would reduce a person's tax liability

s.088 Section 83(2) and (4): schemes involving tax-deductible payments

s.089 Contents of counteraction notice

s.090 Consequences of counteraction notices

s.091 Counteraction notices given before tax return made

s.092 Counteraction notices given after tax return made

s.093 Amendment, closure notices and discovery assessments in section 92 cases

s.094 Information made available for the purposes of section 92(4)

s.095 Interpretation of sections 89 to 94

s.096 Companies with overseas branches: restriction of credit

s.097 Commercial allocation of relevant income to different categories of long-term business

s.098 Attribution for section 97 purposes if category is gross roll-up business

s.099 Allocation of expenses etc in calculations under section 35 of CTA 2009

s.100 First limitation for purposes of section 99(2)

s.101 Second limitation for purposes of section 99(2)

s.105 Meaning of “chargeable gain”

s.106 Chapters 1 and 2 apply to capital gains tax separately from other taxes

s.107 Disregard of foreign tax referable to derivative contract

s.108 Disregard of foreign tax attributable to interest under a loan relationship

s.109 Repo cases in which no disregard under section 108

s.110 Stock-lending cases in which no disregard under section 108

s.111 When payment to beneficiary treated as arising from foreign source

s.113 Deduction from capital gain for foreign tax (instead of credit against UK tax)

s.114 Time limits for action if tax adjustment makes reduction too large or too small

s.125 Effect of, and deadline for, presenting a case

s.126 Meaning of “the Arbitration Convention”

s.127 Giving effect to agreements, decisions and opinions under the Convention

s.128 Disclosure under the Convention

s.128 Power by regulations to give effect to international obligations etc

s.128 Giving effect to requirements under section 128A regulations

s.128 Disclosure under international obligations etc

s.129 Disclosure where relief given overseas for tax paid in the United Kingdom

s.130 Interpreting provision about UK taxation of profits of foreign enterprises

s.130 Interpreting provision about UK taxation of pensions etc

s.131 Interpreting provision about interest influenced by special relationship

s.132 Interpreting provision about royalties influenced by special relationship

s.134 Correcting assessments where relief is available

Part 3

Double taxation relief for special withholding tax

1 of 11 sections shown

s.143 Taking account of special withholding tax in calculating income or gains

amended 1 time (opens in a new tab)

10 other sections in this Part — procedural and definitional

s.135 Relief under this Part: introductory

s.136 Interpretation of Part

s.137 Income tax credit etc for special withholding tax

s.138 Amount and application of the deemed tax under section 137

s.139 Capital gains tax credit etc for special withholding tax

s.140 Provisions about the deemed tax under section 139

s.141 Credit under Chapter 2 of Part 2 to be allowed first

s.142 Conditions for purposes of section 143

s.144 Issue of certificate

s.145 Refusal to issue certificate and appeal against refusal

Part 4

Transfer pricing

45 of 84 sections shown

s.147 Tax calculations to be based on arm's length, not actual, provision

amended 6 times (opens in a new tab)

s.148 The “participation condition”

amended 10 times (opens in a new tab)

s.148 Participation condition treated as met: transfer pricing notice

amended 10 times

s.151 “Arm's length provision”

amended 2 times (opens in a new tab)

s.152 Arm's length provision where actual provision relates to securities

amended 1 time (opens in a new tab)

s.153 Arm's length provision where security issued and guarantee given

amended 1 time (opens in a new tab)

s.153 Certain guarantees not capable of being arm’s length

amended 1 time

s.153 Election for deemed guarantee

amended 1 time

s.154 Interpretation of sections 152 and 153

amended 7 times (opens in a new tab)

s.155 “ Potential advantage ” in relation to United Kingdom taxation

amended 1 time (opens in a new tab)

s.156 “Losses” and “profits”

amended 4 times (opens in a new tab)

s.157 Direct participation

amended 13 times (opens in a new tab)

s.158 Indirect participation: defined by sections 159 to 161

amended 8 times (opens in a new tab)

s.159 Indirect participation: potential direct participant

amended 11 times (opens in a new tab)

s.160 Indirect participation: one of several major participants

amended 10 times (opens in a new tab)

s.161 Indirect participation: involvement in financing arrangements

amended 2 times (opens in a new tab)

s.162 Indirect participation: sections 148 , 175 and 219(2): further financing cases

amended 2 times (opens in a new tab)

s.162 Agreements for common management

amended 2 times

s.162 Arrangements to avoid participation condition

amended 2 times

s.163 Meaning of “connected” in section 159

amended 1 time (opens in a new tab)

s.164 Part to be interpreted in accordance with OECD principles

amended 9 times (opens in a new tab)

s.164 UK to UK Exemption

amended 9 times

s.166 Exemption for small and medium-sized enterprises

amended 2 times (opens in a new tab)

s.170 Appeals against transfer pricing notices

amended 5 times (opens in a new tab)

s.171 Tax returns where transfer pricing notice given

amended 3 times (opens in a new tab)

s.174 Claim by the affected person who is not potentially advantaged

amended 6 times (opens in a new tab)

s.174 Claims under section 174 where disadvantaged person within charge to income tax

amended 6 times

s.175 Application of section 174 where guarantee disallowed

amended 1 time (opens in a new tab)

s.176 Claims under section 174: advantaged person must have made return Regulated

Ensure tax returns reflect arm's length calculations before making a claimAny Person
Make a tax return calculation on an arm’s‑length basis before claiming reliefAny Person

amended 1 time (opens in a new tab)

s.179 Compensating payment if advantaged person is controlled foreign company

amended 6 times (opens in a new tab)

s.181 Section 182 applies to claims where actual provision relates to a security

amended 3 times (opens in a new tab)

s.191 When sections 192 to 194 apply

amended 9 times (opens in a new tab)

s.192 Attribution to guarantor company of things done by borrower

amended 8 times (opens in a new tab)

s.192 Provision for cases within Part 6A

amended 8 times

s.193 Interaction between claims under sections 174 and 192(1)

amended 7 times (opens in a new tab)

s.194 Claims under section 192(1): general provisions

amended 3 times (opens in a new tab)

s.197 Qualifying conditions for purposes of section 198

amended 8 times (opens in a new tab)

s.198 Balancing payments by guarantor to issuer: no charge to, or relief from, tax

amended 7 times (opens in a new tab)

s.199 Pre-conditions for making election under section 200

amended 3 times (opens in a new tab)

s.200 Election to pay tax rather than make balancing payments

amended 3 times (opens in a new tab)

s.201 Pre-conditions for making election under section 202

amended 2 times (opens in a new tab)

s.202 Election, in guarantee case, to pay tax rather than make balancing payments

amended 3 times (opens in a new tab)

s.203 Elections under section 200 or 202

amended 5 times (opens in a new tab)

s.210 The requirement for the Commissioners' sanction

amended 1 time (opens in a new tab)

s.213 Capital allowances

amended 1 time (opens in a new tab)

39 other sections in this Part — procedural and definitional

s.146 Application of this Part

s.149 “Actual provision” and “affected persons”

s.150 “Transaction” and “series of transactions”

s.165 Exemption for dormant companies

s.167 Small and medium-sized enterprises: exceptions from exemption

s.167 Small enterprises: exception from exemption: transfer pricing notice

s.168 Medium-sized enterprises: exception from exemption: transfer pricing notice

s.169 Giving of transfer pricing notices

s.172 Meaning of “small enterprise” and “medium-sized enterprise”

s.173 Meaning of “qualifying territory” and “non-qualifying territory”

s.173 Exchange gains and losses arising as a result of qualifying loan relationships and derivative contracts

s.177 Time for making, or amending, claim under section 174

s.178 Meaning of “return” in sections 176 and 177

s.180 Application of section 174(2)(a) in relation to transfers of trading stock etc

s.182 Making of section 182 claims

s.183 Giving effect to section 182 claims

s.184 Amending a section 182 claim if it is followed by relevant notice

s.185 Notice to potential claimants

s.186 Extending claim period if notice under section 185 not given or given late

s.187 Tax treatment if actual interest exceeds arm's length interest

s.187 Excess interest treated as a ... distribution

s.188 Double taxation relief by way of credit for foreign tax

s.189 Double taxation relief by way of deduction for foreign tax

s.190 Meaning of “relevant notice”

s.195 Qualifying conditions for purposes of section 196

s.196 Balancing payments between affected persons: no charge to, or relief from, tax

s.204 Meaning of “capital market condition” in sections 199 and 201

s.205 Provision made or imposed between ring-fence trade and other activities

s.206 Meaning of “oil-related ring-fence trade” in sections 205 and 218

s.206 Modification of basic rule where allowances restricted for certain expenditure

s.207 Application of Part to unit trusts

s.208 The determinations which require the Commissioners' sanction

s.209 Determinations exempt from requirement for Commissioners' sanction

s.211 Restriction of right to appeal against Commissioners' approval

s.212 Appeals

s.214 Chargeable gains

s.215 Manner of making adjustments to give effect to Part

s.216 Meaning of “the relevant activities”

s.217 Meaning of “control” and “firm”

Part 4

Assessment of unassessed transfer pricing profits

0 of 19 sections shown

19 other sections in this Part — procedural and definitional

s.217 Introduction

s.217 Unassessed transfer pricing profits

s.217 Conditions for being assessed under this Part at the UTPP rate

s.217 Effective tax mismatch outcome

s.217 Tax design condition

s.217 Preliminary notices

s.217 Representations by the company

s.217 Assessment

s.217 Amendment of company tax return by company

s.217 Amendment of assessment by HMRC

s.217 No postponement except before assessment is finalised for tax on same profits

s.217 Closure notices: rules relating to period for amendments

s.217 Appeal against assessment

s.217 Review of assessment

s.217 Settling of appeal by agreement

s.217 No repayment

s.217 Exclusion of reliefs, deductions and set-offs

s.217 Assessment otherwise than at UTPP rate: no deduction for excess losses

s.217 Interpretation

Part 5

Advance pricing agreements

2 of 13 sections shown

s.219 Meaning of “associate” in section 218(2)(e)

amended 2 times (opens in a new tab)

s.229 Modifications of agreement for double taxation purposes Regulated

Other duties (1) — Crown / regulator

HMRC must modify Advance Pricing Agreements to match international tax treatiesStatutory regulator

11 other sections in this Part — procedural and definitional

s.218 Meaning of “advance pricing agreement”

s.220 Effect of agreement on party to it

s.221 Effect of revocation of agreement or breach of its conditions

s.222 Effect of agreement on non-parties

s.223 Application for agreement

s.224 Provision in agreement about years ended or begun before agreement made

s.225 Modification and revocation of agreement

s.226 Annulment of agreement for misrepresentation

s.227 Penalty for misrepresentation in connection with agreement

s.228 Party to agreement: duty to provide information

s.230 Interpretation of Part: meaning of “Commissioners” and “officer”

Part 6

Tax arbitrage

5 of 29 sections shown

s.231 Overview

amended 2 times (opens in a new tab)

s.234 Schemes achieving UK tax advantage for a company

amended 1 time (opens in a new tab)

s.236 Schemes involving hybrid entities

amended 1 time (opens in a new tab)

s.256 Notices given after tax return made

amended 3 times (opens in a new tab)

s.257 Amendments, closure notices and discovery assessments where section 256 applies

amended 2 times (opens in a new tab)

24 other sections in this Part — procedural and definitional

s.232 Deduction notices

s.233 The deduction scheme conditions

s.235 Further provisions about deduction notices

s.237 Instruments of alterable character

s.238 Shares subject to conversion

s.239 Securities subject to conversion

s.240 Debt instruments treated as equity

s.241 Scheme including issue of shares not conferring qualifying beneficial entitlement

s.242 Scheme including transfer of rights under a security

s.243 Consequences of deduction notices

s.244 The rule against double deduction

s.245 Application of the rule against deduction for untaxable payments

s.246 Cases where payee's non-liability treated as not a result of scheme

s.247 Cases where payee treated as having reduced liability as a result of scheme

s.248 The rule against deduction for untaxable payments

s.249 Receipt notices

s.250 The receipt scheme conditions

s.251 Amounts within corporation tax

s.252 Further provisions about receipt notices

s.253 Exception for dealers

s.254 Rule for calculation or recalculation of income etc following receipt notice

s.255 Notices given before tax return made

s.258 Schemes and series of transactions

s.259 Minor definitions

Part 6

Hybrid and other mismatches

0 of 90 sections shown

90 other sections in this Part — procedural and definitional

s.259 Overview of Part

s.259 “ Tax ” means certain taxes on income and includes foreign tax etc

s.259 References to equivalent provision to this Part under the law of a territory outside the United Kingdom

s.259 Meaning of “payment”, “quasi-payment”, “payer”, “payee” etc

s.259 The basic rules

s.259 Chargeable companies in respect of CFCs and foreign CFCs

s.259 Meaning of “hybrid entity”, “investor” and “investor jurisdiction”

s.259 Meaning of “permanent establishment”

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Hybrid or otherwise impermissible deduction/non-inclusion mismatches and their extent

s.259 Interpretation of section 259CB

s.259 Counteraction where the payer is within the charge to corporation tax for the payment period

s.259 Counteraction where a payee is within the charge to corporation tax

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Meaning of “hybrid transfer arrangement”, “underlying instrument” etc

s.259 Hybrid transfer deduction/non-inclusion mismatches and their extent

s.259 Interpretation of section 259DC

s.259 The financial trader exclusion

s.259 Counteraction where the payer is within the charge to corporation tax for the payment period

s.259 Counteraction where a payee is within the charge to corporation tax

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Hybrid payer deduction/non-inclusion mismatches and their extent

s.259 Counteraction where the hybrid payer is within the charge to corporation tax for the payment period

s.259 Counteraction where a payee is within the charge to corporation tax

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Counteraction of the excessive PE deduction

s.259 Meaning of excessive PE inclusion income

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Hybrid payee deduction/non-inclusion mismatches and their extent

s.259 Counteraction where the payer is within the charge to corporation tax for the payment period

s.259 Counteraction where the investor is within the charge to corporation tax

s.259 Counteraction where a hybrid payee is an LLP

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Multinational payee deduction/non-inclusion mismatches and their extent

s.259 Counteraction of the multinational payee deduction/non-inclusion mismatch

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Counteraction where the investor is within the charge to corporation tax

s.259 Counteraction where the hybrid entity is within the charge to corporation tax

s.259 Deemed dual inclusion income for the purposes of section 259IC

s.259 Section 259ID income for the purposes of section 259IC

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Counteraction where mismatch arises because of a dual resident company

s.259 Counteraction where mismatch arises because of a relevant multinational and the UK is the parent jurisdiction

s.259 Counteraction where mismatch arises because of a relevant multinational and is not counteracted in the parent jurisdiction

s.259 Meaning of excessive PE inclusion income

s.259 Overview of Chapter

s.259 Circumstances in which the Chapter applies

s.259 Meaning of “dual territory double deduction”, “excessive PE deduction” and “PE jurisdiction”

s.259 Denial of the relevant deduction in relation to the imported mismatch payment

s.259 Deductions from dual inclusion income

s.259 Limit on reduction under section 259KC

s.259 Provision for cases within Part 4

s.259 Adjustments where suppositions cease to be reasonable

s.259 Deduction from taxable total profits where an amount of ordinary income arises late

s.259 Adjustments in light of later treatment for accounting purposes

s.259 Countering the effect of avoidance arrangements

s.259 Meaning of “transparent fund”

s.259 Application of Chapters 3, 4, 5 and 7

s.259 Application of Chapter 9

s.259 Application of Chapter 11

s.259 Meaning of “financial instrument”

s.259 Meaning of “relevant investment fund”

s.259 Control groups

s.259 Related persons

s.259 Meaning of “50% investment” and “25% investment”

s.259 Meaning of “qualifying institutional investor” etc

s.259 Treatment of a person who is a member of a partnership

s.259 Priority

s.259 Relevant debt relief circumstances: introductory

s.259 Release of debts

s.259 Release of connected companies debts

s.259 Release of connected companies debts during creditor’s insolvency

s.259 Corporate rescue: debt released shortly after connection arises

s.259 Securitisation companies

s.259 Definitions

s.259 Overview of Chapter

s.259 Circumstances in which Chapter applies

s.259 Claims for allocation of DII surplus

s.259 The unused part of the DII surplus

s.259 The unused part of the DII shortfall

s.259 Groups of companies

s.259 Meaning of “dual inclusion income” and “counteraction amount”

Part 7

Tax treatment of financing costs and income

52 of 115 sections shown

s.260 Introduction

amended 1 time (opens in a new tab)

s.262 UK net debt of worldwide group for period of account of worldwide group

amended 5 times (opens in a new tab)

s.263 Net debt of a company

amended 1 time (opens in a new tab)

s.264 Worldwide gross debt of worldwide group for period of account of the group

amended 1 time (opens in a new tab)

s.265 References to amounts disclosed in balance sheet of a company

amended 3 times (opens in a new tab)

s.265 Different accounting treatment used at company and group levels

amended 3 times

s.266 Qualifying financial services groups

amended 1 time (opens in a new tab)

s.269 Insurance activities and insurance-related activities

amended 1 time (opens in a new tab)

s.270 Relevant dealing in financial instruments

amended 3 times (opens in a new tab)

s.271 UK trading income of the worldwide group

amended 5 times (opens in a new tab)

s.273 Foreign currency accounting

amended 3 times (opens in a new tab)

s.273 Meaning of “group securitisation company”

amended 3 times

s.276 Appointment of authorised company for relevant period of account

amended 1 time (opens in a new tab)

s.280 Statement of allocated disallowances: requirements

amended 1 time (opens in a new tab)

s.280 Statement of allocated disallowances: dual resident investing companies

amended 1 time

s.284 Failure of reporting body to submit statement of allocated disallowances

amended 4 times (opens in a new tab)

s.284 Section 284: supplementary

amended 4 times

s.288 Appointment of authorised company for relevant period of account

amended 1 time (opens in a new tab)

s.292 Statement of allocated exemptions: requirements

amended 6 times (opens in a new tab)

s.293 Statement of allocated exemptions: effect

amended 1 time (opens in a new tab)

s.296 Failure of reporting body to submit statement of allocated exemptions

amended 3 times (opens in a new tab)

s.298 Balancing payments between group companies: no tax charge or relief

amended 2 times (opens in a new tab)

s.298 Application of Chapter to financing income amounts determined under section 314A

amended 2 times

s.305 Financing income amounts of a company

amended 4 times (opens in a new tab)

s.305 Schemes preventing this Part applying to a large group

amended 4 times

s.310 Meaning of “carried-back amount” and “carried-forward amount”

amended 2 times (opens in a new tab)

s.313 The financing expense amounts of a company

amended 2 times (opens in a new tab)

s.314 The financing income amounts of a company

amended 5 times (opens in a new tab)

s.314 The financing income amounts of a chargeable company under Part 9A

amended 5 times

s.315 Interpretation of sections 313 and 314

amended 1 time (opens in a new tab)

s.316 Group treasury companies

amended 4 times (opens in a new tab)

s.321 Short-term loan relationships

amended 2 times (opens in a new tab)

s.326 Charities

amended 1 time (opens in a new tab)

s.327 Educational and public bodies

amended 5 times (opens in a new tab)

s.329 The tested expense amount

amended 2 times (opens in a new tab)

s.330 The tested income amount

amended 2 times (opens in a new tab)

s.332 The available amount

amended 8 times (opens in a new tab)

s.332 Groups containing securitisation companies

amended 8 times

s.332 Change of accounting standards: investment entities

amended 8 times

s.332 Partnerships: expenses of borrowing

amended 8 times

s.332 Partnerships: other expenses

amended 8 times

s.337 The worldwide group

amended 2 times (opens in a new tab)

s.339 Meaning of “ultimate parent”

amended 3 times (opens in a new tab)

s.345 Meaning of “UK group company” and “relevant group company”

amended 4 times (opens in a new tab)

s.346 Financial statements of the worldwide group

amended 1 time (opens in a new tab)

s.348 Non-existent financial statements of the worldwide group

amended 3 times (opens in a new tab)

s.348 Financial statements: business combinations to which the worldwide group is a party

amended 3 times

s.351 Expressions taking their meaning from international accounting standards

amended 2 times (opens in a new tab)

s.353 Other expressions

amended 4 times (opens in a new tab)

s.353 Effect of Part on parties to capital market arrangements

amended 4 times

s.353 Power to make regulations where accounting standards change

amended 4 times

s.353 Regulations and orders

amended 4 times

63 other sections in this Part — procedural and definitional

s.261 Application of Part

s.267 Qualifying activities

s.268 Lending activities and activities ancillary to lending activities

s.272 Worldwide trading income of the worldwide group

s.274 Application of Chapter and meaning of “total disallowed amount”

s.275 Meaning of “company to which this Chapter applies”

s.275 Meaning of “dual resident investing company”

s.277 Meaning of “the reporting body”

s.278 Statement of allocated disallowances: submission

s.279 Statement of allocated disallowances: submission of revised statement

s.281 Statement of allocated disallowances: effect

s.282 Company tax returns

s.283 Power to make regulations about statement of allocated disallowances

s.285 Powers to make regulations in relation to reductions under section 284

s.286 Application of Chapter and meaning of “total disallowed amount”

s.287 Meaning of “company to which this Chapter applies”

s.289 Meaning of “the reporting body”

s.290 Statement of allocated exemptions: submission

s.291 Statement of allocated exemptions: submission of revised statement

s.294 Company tax returns

s.295 Power to make regulations about statement of allocated exemptions

s.297 Power to make regulations in relation to reductions under section 296

s.299 Tax exemption for certain financing income received from EEA companies

s.300 Meaning of “relevant associate”

s.301 Meaning of “tax-resident” and “EEA territory”

s.302 Qualifying EEA tax relief for payment in current or previous period

s.303 Qualifying EEA tax relief for payment in future period

s.304 References to tax of a territory

s.306 Schemes involving manipulation of rules in Chapter 2

s.307 Schemes involving manipulation of rules in Chapters 3 and 4

s.308 Meaning of “relevant net deduction”

s.309 Calculation of amounts

s.311 Schemes involving manipulation of rules in Chapter 5

s.312 Meaning of “scheme” and “excluded scheme”

s.317 Real estate investment trusts

s.317 Companies with permanent establishments profits election

s.318 Companies engaged in oil extraction activities

s.318 Industrial and provident societies

s.319 Intra-group short-term finance: financing expense

s.320 Intra-group short-term finance: financing income

s.322 Stranded deficits in non-trading loan relationships: financing expense

s.323 Stranded deficits in non-trading loan relationships: financing income

s.324 Stranded management expenses in non-trading loan relationships: financing expense

s.325 Stranded management expenses in non-trading loan relationships: financing income

s.328 Interpretation of sections 316 to 327

s.331 Companies with net financing deduction or net financing income that is small

s.331 Mismatches between tax treatment and accounting treatment

s.331 Elections disapplying sections 329(5) and 330(5)

s.333 Group members with income from oil extraction subject to particular tax treatment in UK

s.334 Group members with income from shipping subject to particular tax treatment in UK

s.335 Group members with income from property rental subject to particular tax treatment in UK

s.336 Meaning of accounting expressions used in this Chapter

s.336 Mismatches between tax treatment and accounting treatment

s.338 Meaning of “group”

s.340 Meaning of “corporate entity”

s.341 Meaning of “relevant non-corporate entity”

s.342 Treatment of entities stapled to corporate, or relevant non-corporate, entities

s.343 Treatment of business combinations

s.344 Meaning of “ large ” in relation to a group

s.347 Non-compliant financial statements of the worldwide group

s.349 References to amounts disclosed in financial statements

s.350 Translation of amounts disclosed in financial statements

s.352 Meaning of “relevant accounting period”

Part 8

Offshore funds ETC

0 of 11 sections shown

11 other sections in this Part — procedural and definitional

s.354 Power to make regulations about tax treatment of participants

s.355 Meaning of “offshore fund”

s.356 Meaning of “mutual fund”

s.357 Exceptions to definition of “mutual fund”

s.358 Meaning of “relevant income-producing asset”

s.359 Power to make regulations about exceptions to definition of “mutual fund”

s.360 Treatment of umbrella arrangements

s.361 Treatment of arrangements comprising more than one class of interest

s.362 Meaning of “participant” and “participation”

s.363 Meaning of “umbrella arrangements” and “part of umbrella arrangements”

s.363 Residence of undertakings for collective investment in transferable securities and alterative investment funds

Part 9

Amendments to relocate provisions of tax legislation

0 of 8 sections shown

8 other sections in this Part — procedural and definitional

s.364 Oil activities

s.365 Alternative finance arrangements

s.366 Power to amend the alternative finance provisions

s.367 Leasing arrangements: finance leases and loans

s.368 Sale and lease-back etc

s.369 Factoring of income etc

s.370 UK representatives of non-UK residents

s.371 Miscellaneous relocations

Part 9

Controlled foreign companies

1 of 141 sections shown

s.371 Elections and designations about residence Regulated

Other duties (1) — Crown / regulator

HMRC must notify chargeable companies of CFC residence designationStatutory regulator

140 other sections in this Part — procedural and definitional

s.371 Overview of Part

s.371 Introduction to the CFC charge

s.371 The CFC charge gateway

s.371 Charging the CFC charge

s.371 Chargeable companies

s.371 Companies which are managers of offshore funds etc

s.371 Companies which are participants in offshore funds

s.371 Companies holding shares as trading assets etc

s.371 Companies carrying on BLAGAB

s.371 Banking companies

s.371 Does Chapter 4 apply?

s.371 Does Chapter 5 apply?

s.371 Incidental non-trading finance profits: the 5% rule

s.371 Incidental non-trading finance profits: the further 5% rule

s.371 Does Chapter 6 apply?

s.371 Section 371CE: meaning of “group treasury company”

s.371 Does Chapter 7 apply?

s.371 Does Chapter 8 apply?

s.371 Introduction to Chapter

s.371 The steps

s.371 Exclusion: UK activities a minority of total activities

s.371 Exclusion: economic value

s.371 Exclusion: independent companies' arrangements

s.371 Exclusion: trading profits (the basic rule)

s.371 Exclusion: trading profits (business premises condition)

s.371 Exclusion: trading profits (income condition)

s.371 Exclusion: trading profits (management expenditure condition)

s.371 Exclusion: trading profits (IP condition)

s.371 Exclusion: trading profits (export of goods condition)

s.371 Exclusion: trading profits (anti-avoidance)

s.371 The basic rule

s.371 UK activities

s.371 Capital investment from the UK

s.371 Arrangements in lieu of dividends etc to UK resident companies etc

s.371 Leases to UK resident companies etc

s.371 The basic rule

s.371 Qualifying loan relationships

s.371 Loans from foreign permanent establishments of UK resident companies

s.371 Exclusion: banking business

s.371 Exclusion: insurance business

s.371 The basic rule

s.371 Loans funded out of qualifying resources

s.371 What is the “qualifying value” of “relevant pre-acquisition funds or other assets”?

s.371 The 75% exemption

s.371 The “matched interest profits” exemption

s.371 Determining the profits of a qualifying loan relationship

s.371 What is a “qualifying loan relationship”?

s.371 Exclusions from definition of “qualifying loan relationship”

s.371 Power to amend definitions

s.371 Claims

s.371 Introduction to Chapter

s.371 The basic rule

s.371 When does an exempt period begin?

s.371 How long is an exempt period?

s.371 Adjustment of profits passing through the CFC charge gateway

s.371 Anti-avoidance

s.371 Amendment of company tax returns

s.371 Introduction to Chapter

s.371 The basic rule

s.371 How to determine the territory in which a CFC is resident

s.371 What is “the threshold amount”?

s.371 Category A income: the basic rule

s.371 Category A income: permanent establishments in excluded territories

s.371 Category B income

s.371 Category C income

s.371 Category D income

s.371 The IP condition

s.371 Introduction to Chapter

s.371 The basic rule

s.371 Anti-avoidance

s.371 Introduction to Chapter

s.371 The basic rule

s.371 Anti-avoidance

s.371 Introduction to Chapter

s.371 The basic rule

s.371 Reductions to “the local tax amount”

s.371 What are “designer rate tax provisions”?

s.371 How to determine “the corresponding UK tax”

s.371 Application of Chapter

s.371 Provision about interpretation

s.371 “Relevant interests” of UK resident companies

s.371 “Relevant interests” of persons related to UK resident companies

s.371 Other “relevant interests”

s.371 What is “creditable tax”?

s.371 Application of Chapter

s.371 Provision about interpretation

s.371 The basic rules

s.371 Apportionments to be made in proportion to shareholding

s.371 Indirect shareholdings

s.371 Variable shareholdings

s.371 Anti-avoidance

s.371 Overview of Chapter

s.371 Legal and economic control

s.371 Legal and economic control: the 40% rule

s.371 Legal and economic control: supplementary provision

s.371 Control determined by reference to accounting standards

s.371 Power to amend section 371RE etc

s.371 Companies in which a UK resident company has more than a 50% investment

s.371 Overview of Chapter

s.371 What are “assumed taxable total profits” and “assumed total profits”?

s.371 What are “the corporation tax assumptions”?

s.371 UK residence etc

s.371 Close company

s.371 Claims and elections

s.371 Disapplication of assumption in section 371SF(1)

s.371 Elections under section 9A of CTA 2010

s.371 Modification of sections 6 and 7 of CTA 2010

s.371 Elections for leases to be treated as long funding leases

s.371 Intangible fixed assets

s.371 Restrictions on certain deductions: deductions allowances

s.371 Group relief etc

s.371 Corporate interest restriction

s.371 Capital allowances

s.371 Unremittable overseas income

s.371 Tax advantages

s.371 Disguised interest: application of Chapter 2A of Part 6 of CTA 2009

s.371 Shares accounted for as liabilities: application of section 521C of CTA 2009

s.371 Double taxation relief: countering effect of avoidance arrangements

s.371 The basic rule

s.371 How to determine the territory in which the CFC is resident

s.371 Introduction to Chapter

s.371 Application of the Taxes Acts to the CFC charge

s.371 Payments in respect of a charge on a banking company: information to be provided

s.371 Just and reasonable apportionments

s.371 Relief against sum charged

s.371 Appeals affecting more than one person

s.371 Recovery of sum charged from other UK resident companies

s.371 Definitions

s.371 Accounting periods

s.371 Accounting profits

s.371 Adjustments to accounting profits

s.371 Cell companies etc

s.371 Connected persons etc

s.371 Finance profits

s.371 Interests in companies

s.371 Property business profits

s.371 Relevant finance leases

s.371 Regulations

Part 10

Corporate interest restriction

34 of 133 sections shown

s.375 Disallowance of deductions: full interest restriction return submitted Regulated

Reduce interest deductions by allocated disallowance amountTrader

amended 1 time (opens in a new tab)

s.376 Disallowance of deductions: no return, or non-compliant return, submitted

amended 1 time (opens in a new tab)

s.378 Disallowed tax-interest expense amounts carried forward

amended 2 times (opens in a new tab)

s.382 The tax-interest expense amounts of a company

amended 1 time (opens in a new tab)

s.384 Relevant derivative contract debits

amended 2 times (opens in a new tab)

s.387 Relevant derivative contract credits

amended 2 times (opens in a new tab)

s.393 Amount of interest allowance for a period that is “available” in a later period

amended 1 time (opens in a new tab)

s.407 Amounts not brought into account in determining a company's tax-EBITDA

amended 5 times (opens in a new tab)

s.410 Net group-interest expense

amended 1 time (opens in a new tab)

s.411 “Relevant expense amount” and “relevant income amount”

amended 8 times (opens in a new tab)

s.412 Section 411: interpretation

amended 8 times (opens in a new tab)

s.413 Adjusted net group-interest expense

amended 15 times (opens in a new tab)

s.414 Qualifying net group-interest expense

amended 3 times (opens in a new tab)

s.415 Section 414: interpretation

amended 4 times (opens in a new tab)

s.416 Group-EBITDA

amended 2 times (opens in a new tab)

s.423 Capitalised interest brought into account for tax purposes in accordance with GAAP

amended 7 times (opens in a new tab)

s.426 Changes in accounting policy

amended 4 times (opens in a new tab)

s.427 Group interest and group-EBITDA

amended 1 time (opens in a new tab)

s.429 Meaning of “non-consolidated associate”

amended 4 times (opens in a new tab)

s.433 Meaning of “qualifying infrastructure company”

amended 5 times (opens in a new tab)

s.434 Elections under section 433

amended 2 times (opens in a new tab)

s.435 Group elections modifying the operation of sections 433 and 434

amended 4 times (opens in a new tab)

s.436 Meaning of “qualifying infrastructure activity”

amended 4 times (opens in a new tab)

s.438 Exemption for interest payable to third parties etc

amended 1 time (opens in a new tab)

s.438 Application of section 438: certain creditors treated as qualifying infrastructure companies

amended 1 time

s.439 Exemption in respect of certain pre-13 May 2016 loan relationships

amended 1 time (opens in a new tab)

s.443 Interest capacity for group with qualifying infrastructure company etc

amended 1 time (opens in a new tab)

s.444 Joint venture companies

amended 1 time (opens in a new tab)

s.447 Partnerships and other transparent entities

amended 1 time (opens in a new tab)

s.452 Real Estate Investment Trusts

amended 6 times (opens in a new tab)

s.457 Elections under section 456: deemed debits and credits Regulated

Record deemed debits and credits for notional interest amountsTrader

s.465 Attribution of rights and interests

amended 1 time (opens in a new tab)

s.475 Meaning of “non-consolidated subsidiary” and “consolidated subsidiary”

amended 4 times (opens in a new tab)

s.494 Other interpretation

amended 4 times (opens in a new tab)

99 other sections in this Part — procedural and definitional

s.372 Overview

s.373 Meaning of “subject to interest restrictions”, “the total disallowed amount” etc

s.374 Interest restriction returns

s.377 Disallowance of deductions: identification of the tax-interest amounts to be left out of account

s.379 Reactivation of interest

s.380 Reactivation of deductions: identification of the tax-interest amounts to be brought into account

s.381 Set-off of disallowances and reactivations in the same accounting period

s.383 Relevant loan relationship debits

s.385 The tax-interest income amounts of a company

s.386 Relevant loan relationship credits

s.388 Double taxation relief

s.389 The “net tax-interest expense” or “net tax-interest income” of a company

s.390 The worldwide group's aggregate net tax-interest expense and income

s.391 Meaning of “impairment loss”

s.391 Amounts capitalised in carrying value of intangible fixed assets

s.392 The interest capacity of a worldwide group for a period of account

s.394 When interest allowance is “used”

s.395 Amount of interest allowance for a period of account that is “unexpired” in later period

s.395 Carry forward of interest allowance: new holding company

s.396 The interest allowance of a worldwide group for a period of account

s.397 Basic interest allowance calculated using fixed ratio method

s.398 Basic interest allowance calculated using group ratio method

s.399 The group ratio percentage

s.400 The debt cap

s.400 Carry forward of excess debt cap: new holding company

s.401 Effect of group ratio (blended) election on group ratio percentage

s.402 Effect of group ratio (blended) election on group ratio debt cap

s.403 Calculations under sections 401 and 402: investor worldwide groups

s.404 Meaning of “investor”, “related party investor” and investor's “share”

s.405 The aggregate tax-EBITDA of a worldwide group

s.406 The tax-EBITDA of a company

s.408 Excluded relevant intangibles debits and excluded relevant intangibles credits

s.409 Double taxation relief

s.417 The capital (expenditure) adjustment

s.418 The capital (fair value movement) adjustment

s.419 The capital (disposals) adjustment

s.420 Derivative contracts subject to fair value accounting

s.421 Derivative contracts subject to fair value accounting: interpretation

s.422 Group-EBITDA (chargeable gains) election

s.424 Employers' pension contributions

s.424 Unpaid employees’ remuneration

s.425 Employee share acquisitions

s.428 Section 427: associated worldwide groups

s.430 Interest allowance (consolidated partnerships) election

s.431 Interpretation of Chapter

s.432 Overview of Chapter

s.437 Section 436: supplementary

s.440 Loans etc made by qualifying infrastructure companies to be ignored

s.441 Tax-EBITDA of qualifying infrastructure company to be nil

s.442 Amounts of qualifying infrastructure company left out of account for other purposes

s.445 Joint venture groups

s.446 Joint ventures: supplementary

s.448 Decommissioning

s.449 Minor definitions for purposes of this Chapter

s.450 Banking companies

s.451 Oil and gas

s.453 Insurance entities

s.454 Members of Lloyd's

s.454 Investments held by investment managers

s.455 Shipping companies subject to tonnage tax

s.456 Creditor relationships of companies determined on basis of fair value accounting

s.458 Co-operative and community benefit societies etc

s.459 Charities

s.460 Long funding operating leases and finance leases

s.461 Counteracting effect of avoidance arrangements

s.462 Expressions relating to “related parties”: introduction

s.463 Whether a person is generally a “related party” of another

s.464 Meaning of “25% investment”

s.466 Certain loan relationships etc to be treated as made between related parties

s.467 Holdings of debt and equity in same proportions

s.468 Debts with same rights where unrelated parties hold more than 50%

s.469 Debt restructuring

s.470 Ordinary independent financing arrangements by banks and others

s.471 Loans made by relevant public bodies

s.472 Finance leases granted before 20 March 2017

s.473 Meaning of “a worldwide group”, “ultimate parent” etc

s.474 Interpretation of section 473: “relevant entity”

s.476 Continuity of identity of a worldwide group through time

s.477 Treatment of stapled entities

s.478 Treatment of business combinations

s.479 “Financial statements” of a worldwide group

s.480 “Period of account” of worldwide group

s.481 Actual financial statements not drawn up on acceptable principles

s.482 Actual financial statements drawn up on acceptable principles but consolidating wrong subsidiaries

s.483 Actual financial statements covering more than one worldwide group

s.484 No actual financial statements: ultimate parent draws up financial statements

s.485 No actual financial statements: other cases

s.486 Election altering period of account deemed under section 485

s.487 Actual financial statements ignored if for too long a period or too late

s.488 Meaning of “IAS financial statements”

s.489 References to amounts recognised in financial statements

s.490 Meaning of “relevant accounting period”

s.491 Meaning of “relevant public body”

s.492 Meaning of “ UK group company”

s.493 Embedded derivatives

s.495 Financial statements: different treatment by group or members

s.496 Parties to capital market arrangements

s.497 Change in accounting standards

s.498 Regulations

Part 11

General provisions

9 of 9 sections shown

s.499 Orders and regulations

amended 1 time (opens in a new tab)

s.500 Abbreviated references to Acts

amended 1 time (opens in a new tab)

s.501 Minor and consequential amendments

amended 1 time (opens in a new tab)

s.502 Transitional provisions and savings

amended 1 time (opens in a new tab)

s.503 Repeals and revocations

amended 1 time (opens in a new tab)

s.504 Index of defined expressions

amended 3 times (opens in a new tab)

s.505 Extent

amended 1 time (opens in a new tab)

s.506 Commencement

amended 9 times (opens in a new tab)

s.507 Short title

amended 1 time (opens in a new tab)

Schedules

25 of 700 shown

s.sch004 After section 681CG insert— Chapter 4 Leased assets: capital sums... Regulated

Report and pay tax on capital sums from leased asset interestsAny Person

s.sch006 After section 271G insert— Exceptions: criminal offences and penalties etc... Regulated

Criminal offence by independent agent of non-UK residentAny Person

s.sch007 After section 77G insert— Supplementary Calculations under sections 77C(3) and... Regulated

Provide licence-related information to HMRC on requestLicence Holder

s.sch007 After section 682 (assessments, adjustments and claims after the administration... Regulated

Provide estate income statement to beneficiaries upon written requestAny Person

s.sch007 After section 106 insert— Evasion Offence of fraudulent evasion of... Prosecution

Fraudulently evade income taxAny Person

Unlimited fine

s.sch007 Omit section 144 (offence of fraudulent evasion of income tax).... Prosecution

Fraudulently evade income taxAny Person

Unlimited fine

s.sch007a The statement of calculations required by paragraph 20(3)(d) to be... Regulated

Include required calculations in full interest restriction returnTrader

s.sch007a (1) The statement of allocated interest restrictions required by paragraph... Regulated

Include allocated interest restrictions statement in your full interest restriction returnTrader

s.sch007a (1) The statement of allocated interest reactivations required by paragraph... Regulated

Include a statement of allocated interest reactivations in your full interest restriction returnTrader

s.sch007a (1) This paragraph applies in relation to a statement under—... Regulated

Notify HMRC if estimated information in interest restriction return is still not final after 36 monthsTrader

s.sch007a (1) An officer of Revenue and Customs may amend an... Regulated

Other duties (1) — Crown / regulator

HMRC may correct interest restriction returns within 9 monthsStatutory regulator

s.sch007a (1) A company is liable to a penalty if— Regulated

Submit inaccurate interest restriction returnAny Person

s.sch007a (1) A company which is a reporting company in relation... Regulated

Keep and preserve records for interest restriction returnsTrader

s.sch007a (1) This paragraph applies where a closure notice is given... Regulated

Comply with steps in HMRC closure notice after an enquiryTrader

s.sch007a (1) If, as a result of a closure notice given... Regulated

Submit interest restriction returns within 3 months of HMRC closure noticeTrader

s.sch007a (1) This paragraph applies if— (a) an enquiry has been... Regulated

Other duties (1) — Crown / regulator

HMRC must appoint a reporting company for the new group within 30 daysStatutory regulator

s.sch007a (1) This paragraph applies where— (a) an officer of Revenue... Regulated

Other duties (1) — Crown / regulator

HMRC must notify companies of interest restriction determinationsStatutory regulator

s.sch007a (1) This paragraph applies where— (a) as a result of... Regulated

Disallow tax-interest expenses equal to HMRC's determined pro-rata shareTrader

s.sch007a (1) This paragraph applies where the appointment of a reporting... Regulated

Notify group companies of reporting company appointmentTrader

s.sch007a (1) The reporting company in relation to a period of... Regulated

Share interest restriction returns and HMRC notices with UK group companiesTrader

s.sch007a The following elections (or their revocation) must be made by... Regulated

Include certain tax elections or revocations in company tax returnTrader

s.sch007a (1) A company may amend its company tax return for... Regulated

Amend company tax return within specified deadlines for certain elections and s.376 requirementsTrader

s.sch007a (1) A reporting company appointed under paragraph 1 in relation... Regulated

Submit a reporting company tax return to HMRC before the filing dateTrader

s.sch007a (1) If— (a) a company has delivered a company tax... Regulated

Amend your company tax return after an interest restriction returnTrader

s.sch007a (1) This paragraph applies where— (a) the appointment of a... Regulated

Submit revised interest restriction return when figures become incorrectTrader

675 other schedules

s.007 Miscellaneous relocations

s.010 Repeals and revocations

s.sch001 ITTOIA 2005 is amended as follows.

s.sch001 After section 225 insert— Chapter 16A Oil activities Basic definitions...

s.sch002 Alternative finance arrangements

s.sch002 ITA 2007 is amended as follows.

s.sch002 After section 564H insert— Meaning of “alternative finance return” Purchase...

s.sch002 After section 564I insert— Purchase and resale arrangements where return...

s.sch002 After section 564J insert— Diminishing shared ownership arrangements (1) In the case of diminishing shared ownership arrangements, payments...

s.sch002 After section 564K insert— Other arrangements (1) In the case of deposit arrangements, amounts paid or...

s.sch002 After section 564L insert— Treatment of alternative finance return as...

s.sch002 After section 564M insert— Alternative finance return under arrangements for...

s.sch002 After section 564N insert— Relief for some alternative finance return...

s.sch002 After section 564O insert— Tax relief schemes and arrangements Section 809ZG (tax relief schemes and arrangements) applies to alternative...

s.sch002 After section 564P insert— Deduction of income tax at source...

s.sch002 After section 564Q insert— Special rules for investment bond arrangements...

s.sch002 After Part 10 insert— Part 10A Alternative finance arrangements Introduction...

s.sch002 After section 564R insert— Treatment of bond-holder and bond-issuer (1) This section applies for the purposes of the Income...

s.sch002 After section 564S insert— Treatment as securities (1) Investment bond arrangements are securities for the purposes of...

s.sch002 After section 564T insert— Arrangements not unit trust scheme or...

s.sch002 After section 564U insert— Other rules Exclusion of alternative finance...

s.sch002 After section 564V insert— Diminishing shared ownership arrangements not partnerships...

s.sch002 After section 564W insert— Treatment of principal under profit share...

s.sch002 After section 564X insert— Provision not at arm's length: relevant...

s.sch002 TCGA 1992 is amended as follows.

s.sch002 After Chapter 3 of Part 4 insert— Chapter 4 Alternative...

s.sch002 After section 151H insert— Meaning of “financial institution” (1) In this Chapter “financial institution” means—

s.sch002 After section 564A insert— Meaning of “financial institution” (1) In this Part “financial institution” means—

s.sch002 After section 151I insert— Arrangements that are alternative finance arrangements...

s.sch002 After section 151J insert— Diminishing shared ownership arrangements (1) This section applies to arrangements if under them—

s.sch002 After section 151K insert— Deposit arrangements (1) This section applies to arrangements if under them—

s.sch002 After section 151L insert— Profit share agency arrangements (1) This section applies to arrangements if under them—

s.sch002 After section 151M insert— Investment bond arrangements (1) This section applies to arrangements if—

s.sch002 After section 151N insert— Provision not at arm's length: exclusion...

s.sch002 After section 151O insert— Meaning of “alternative finance return” Purchase...

s.sch002 After section 151P insert— Purchase and resale arrangements where return...

s.sch002 After section 151Q insert— Diminishing shared ownership arrangements (1) In the case of diminishing shared ownership arrangements, payments...

s.sch002 After section 151R insert— Other arrangements (1) In the case of deposit arrangements, amounts paid or...

s.sch002 After section 564B insert— Arrangements that are alternative finance arrangements...

s.sch002 After section 151S insert— Special rules for investment bond arrangements...

s.sch002 After section 151T insert— Treatment of bond-holder and bond-issuer (1) This section applies for the purposes of this Act...

s.sch002 After section 151U insert— Treatment as securities (1) Investment bond arrangements are securities for the purposes of...

s.sch002 After section 151V insert— Investment bond arrangements not unit trust...

s.sch002 After section 151W insert— Other rules Exclusion of some alternative...

s.sch002 After section 151X insert— Diminishing shared ownership arrangements not partnerships...

s.sch002 ICTA is amended as follows.

s.sch002 After section 367 insert— Alternative finance arrangements (1) Sections 353 and 365 have effect as if—

s.sch002 ITEPA 2003 is amended as follows.

s.sch002 After section 173 (loans to which Chapter 7 of Part...

s.sch002 After section 564C insert— Diminishing shared ownership arrangements (1) This section applies to arrangements if under them—

s.sch002 ITA 2007 is amended as follows.

s.sch002 At the beginning of Chapter 7 of Part 7 (Community...

s.sch002 After section 372A insert— Purchase and resale arrangements (1) This section applies if, under arrangements to which section...

s.sch002 After section 372B insert— Deposit arrangements (1) This section applies if, under arrangements to which section...

s.sch002 After section 372C insert— Profit share agency arrangements (1) This section applies if, under arrangements to which section...

s.sch002 In section 1005 (meaning of “recognised stock exchange” etc) after...

s.sch002 After section 564D insert— Deposit arrangements (1) This section applies to arrangements if under them—

s.sch002 After section 564E insert— Profit share agency arrangements (1) This section applies to arrangements if under them—

s.sch002 After section 564F insert— Investment bond arrangements (1) This section applies to arrangements if—

s.sch002 After section 564G insert— Provision not at arm's length: exclusion...

s.sch003 ITA 2007 is amended as follows.

s.sch003 After Part 11 insert— Part 11A Leasing arrangements: finance leases...

s.sch003 After section 614AC insert— Chapter 2 Finance leases with return...

s.sch003 After section 614BY insert— Chapter 3 Other finance leases Introduction...

s.sch003 After section 614CD insert— Chapter 4 Supplementary provisions Pre-26 November...

s.sch003 TCGA 1992 is amended as follows.

s.sch003 After section 37 insert— Consideration on disposal of certain leases...

s.sch004 ITA 2007 is amended as follows.

s.sch004 After section 681 insert— Part 12A Sale and lease-back etc...

s.sch004 After section 681AN insert— Chapter 2 New lease of land...

s.sch004 After section 681BM insert— Chapter 3 Leased trading assets Overview...

s.sch005 ITA 2007 is amended as follows.

s.sch005 After section 809AZG insert— Chapter 5B Finance arrangements Type 1...

s.sch005 After section 809BZE insert— Type 2 arrangements Type 2 finance...

s.sch005 After section 809BZI insert— Type 3 arrangements Type 3 finance...

s.sch005 After section 809BZL insert— Exceptions Exceptions: preliminary (1) Sections 809BZN to 809BZP make provision for finance arrangement...

s.sch005 After section 809BZP insert— Supplementary Accounts (1) This section applies for the purposes of this Chapter....

s.sch005 After section 809BZS insert— Chapter 5C Loan or credit transactions...

s.sch006 After section 835B of ITA 2007 (which is inserted by...

s.sch006 After section 835K insert— The independent broker conditions The independent...

s.sch006 After section 835L insert— The independent investment manager conditions The...

s.sch006 After section 835M insert— Investment managers: the 20% rule (1) The requirements of the 20% rule are met if...

s.sch006 After section 835N insert— Meaning of “qualifying period”, “relevant disregarded...

s.sch006 After section 835O insert— Treatment of transactions where 20% rule...

s.sch006 After section 835P insert— Application of 20% rule to collective...

s.sch006 After section 835Q insert— Supplementary Supplementary provision (1) For the purposes of this Chapter a person is...

s.sch006 After section 835R insert— Interpretation of Chapter (1) This section applies for the purposes of this Chapter....

s.sch006 After section 835S insert— Chapter 2C Income tax obligations and...

s.sch006 After section 835T insert— Obligations and liabilities of UK representative...

s.sch006 After section 835C insert— Income tax chargeable on company's income:...

s.sch006 After section 835U insert— Exceptions: notices and information (1) An obligation or liability attaching to a non-UK resident...

s.sch006 After section 835V insert— Exceptions: criminal offences and penalties etc...

s.sch006 After section 835W insert— Indemnities (1) An independent agent of a non-UK resident is entitled...

s.sch006 After section 835X insert— Meaning of “independent agent” (1) In this Chapter “independent agent”, in relation to a...

s.sch006 After section 271 of TCGA 1992 insert— Part 7A UK...

s.sch006 After section 271A insert— Branches and agencies Branch or agency...

s.sch006 After section 271B insert— Trade or profession carried on in...

s.sch006 After section 271C insert— Interpretation of Chapter In this Chapter— “branch or agency” means any factorship, agency,...

s.sch006 After section 271D insert— Chapter 2 Capital gains tax obligations...

s.sch006 After section 271E insert— Obligations and liabilities of UK representative...

s.sch006 After section 835D insert— Branches and agencies Branch or agency...

s.sch006 After section 271F insert— Exceptions: notices and information (1) An obligation or liability attaching to a non-UK resident...

s.sch006 After section 271H insert— Indemnities (1) An independent agent of a non-UK resident is entitled...

s.sch006 After section 271I insert— Meaning of “non-UK resident” and “independent...

s.sch006 After section 835E insert— Trade or profession carried on in...

s.sch006 After section 835F insert— Persons who are not UK representatives...

s.sch006 After section 835G insert— Brokers (1) This section applies if a non-UK resident carries on...

s.sch006 After section 835H insert— Investment managers (1) This section applies if a non-UK resident carries on...

s.sch006 After section 835I insert— Persons acting under alternative finance arrangements...

s.sch006 After section 835J insert— Lloyd's agents (1) This section applies if— (a) a non-UK resident (“X”)...

s.sch007 TMA 1970 is amended as follows.

s.sch007 In section 3(4) (expenditure not allowable under the section) for...

s.sch007 The Serious Crime Act 2007 is amended as follows.

s.sch007 (1) Amend Schedule 1 as follows. (2) In paragraph 8(3)...

s.sch007 TMA 1970 is amended as follows.

s.sch007 After section 18A insert— Savings income: regulations about European and...

s.sch007 (1) Amend the first column of the Table in section...

s.sch007 FA 2003 is amended as follows.

s.sch007 Omit section 199 (savings income: power to make regulations in...

s.sch007 FA 1998 is amended as follows.

s.sch007 (1) Amend Schedule 18 (company tax returns, assessments and related...

s.sch007 F(No.2) A 2005 is amended as follows.

s.sch007 TMA 1970 is amended as follows.

s.sch007 Omit section 61 (continuity for transitional purposes in cases involving...

s.sch007 ITA 2007 is amended as follows.

s.sch007 After section 925 insert— Repos Creditor repos (1) Subsection (2) applies if a company (“the lender”) has...

s.sch007 In section 926 (interpretation of Chapter 9 of Part 15)...

s.sch007 FA 2007 is amended as follows.

s.sch007 In Schedule 13 (sale and repurchase of securities) omit paragraph...

s.sch007 In section 8 (personal return) after subsection (4) insert—

s.sch007 After section 8 insert— Interpretation of section 8(4A) (1) For the purposes of section 8(4A) of this Act,...

s.sch007 After section 15 insert— Non-resident's staff are UK client's employees...

s.sch007 FA 1974 is amended as follows.

s.sch007 Omit section 24 (returns of persons treated as employees).

s.sch007 TMA 1970 is amended as follows.

s.sch007 (1) Amend the first column of the Table in section...

s.sch007 ICTA is amended as follows.

s.sch007 After Part 7 insert— Part 7A Holders of licences under...

s.sch007 Omit section 42 (appeals against determinations under Chapter 4 of...

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 After section 302 insert— Determinations affecting liability of more than...

s.sch007 CTA 2009 is amended as follows.

s.sch007 In section 242(2) (determination by tribunal) for the words from...

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 84A (costs of establishing share option or profit...

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 In Chapter 5 of Part 2, after section 94 insert—...

s.sch007 In section 272(2) (profits of property business: application of trading...

s.sch007 After section 77E insert— Exemption certificates Issue, cancellation and effect...

s.sch007 TMA 1970 is amended as follows.

s.sch007 (1) Amend section 48 (application of following provisions of Part...

s.sch007 After section 54 insert— No questioning in appeal of amounts...

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 152 (notification of taxable amount of certain benefits)....

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 6(5) (signpost to Part 8 of the Act)....

s.sch007 Omit section 337A(2) (in calculating a company's income, deductions in...

s.sch007 CTA 2009 is amended as follows.

s.sch007 After section 1301 insert— Restriction of deductions for interest In calculating a company's income from any source for corporation...

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 475 (tax-free Treasury securities: exclusion of interest on...

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 Before section 155 (before the italic cross-heading) insert— Certain non-UK...

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 700 (adjustments and information).

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 ICTA is amended as follows.

s.sch007 Omit section 787 (restriction of relief for payments of interest)....

s.sch007 (1) Amend the first column of the Table in section...

s.sch007 ITA 2007 is amended as follows.

s.sch007 In section 2(13) (overview of Part 13) after paragraph (h)...

s.sch007 After section 809ZF (which is inserted by CTA 2010) insert—...

s.sch007 TMA 1970 is amended as follows.

s.sch007 After section 109A insert— Companies ceasing to be UK resident...

s.sch007 FA 1988 is amended as follows.

s.sch007 Omit sections 130 to 132 (company migration).

s.sch007 TMA 1970 is amended as follows.

s.sch007 After section 30A insert— Assessing income tax on trustees and...

s.sch007 FA 1989 is amended as follows.

s.sch007 FA 1973 is amended as follows.

s.sch007 Omit section 151 (assessment of trustees and personal representatives).

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 In Schedule 2 (transitionals and savings etc) omit paragraph 91...

s.sch007 F(No.2)A 1992 is amended as follows.

s.sch007 Omit section 66 (which introduces Schedule 12).

s.sch007 Omit Schedule 12 (banks etc in compulsory liquidation).

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 In section 369 (charge to tax on interest) after subsection...

s.sch007 ITA 2007 is amended as follows.

s.sch007 In section 2(14) (overview of Act: Part 14) after paragraph...

s.sch007 Omit section 38 (which introduces and interprets Schedule 15).

s.sch007 In section 3(2) (overview of charges to income tax)—

s.sch007 After section 837 insert— Chapter 3A Banks etc in compulsory...

s.sch007 In Schedule 4 (index of defined expressions) at the appropriate...

s.sch007 FA 1996 is amended as follows.

s.sch007 (1) Amend section 200 (domicile for tax purposes of overseas...

s.sch007 ITA 2007 is amended as follows.

s.sch007 In section 2(14)(b) (overview of Act: reference to Chapter 2...

s.sch007 After section 835A insert— Chapter 2A Domicile Domicile for income...

s.sch007 TMA 1970 is amended as follows.

s.sch007 In Part 5A (payment of tax) after section 59E insert—...

s.sch007 Omit Schedule 15 (territorial extension of charge to tax: supplementary...

s.sch007 In Part 5A after section 59F insert— Managed payment plans...

s.sch007 FA 1998 is amended as follows.

s.sch007 Omit section 36 (arrangements with respect to payment of corporation...

s.sch007 FA 2009 is amended as follows.

s.sch007 Omit section 111 (managed payment plans).

s.sch007 TMA 1970 is amended as follows.

s.sch007 In Part 4, after section 43D (which is inserted by...

s.sch007 FA 1998 is amended as follows.

s.sch007 Omit section 118 (claims for income tax purposes).

s.sch007 ITTOIA 2005 is amended as follows.

s.sch007 The Oil Taxation Act 1975 is amended as follows.

s.sch007 (1) Amend section 878 (other definitions) as follows.

s.sch007 ITA 2007 is amended as follows.

s.sch007 In section 989 (interpretation of Income Tax Acts) in the...

s.sch007 (1) Amend section 1020 (claims and elections) as follows.

s.sch007 TMA 1970 is amended as follows.

s.sch007 FA 2000 is amended as follows.

s.sch007 The Serious Organised Crime and Police Act 2005 is amended...

s.sch007 In section 76(3)(n) (offence under section 144 of FA 2000...

s.sch007a Interest restriction returns

s.sch007a (1) An interest restriction return for a period of account...

s.sch007a (1) This paragraph makes provision for the purposes of this...

s.sch007a (1) This paragraph applies where a company—

s.sch007a (1) A company is liable to a penalty if the...

s.sch007a (1) Liability to a penalty under paragraph 11A does not...

s.sch007a (1) An election to which this paragraph applies must be...

s.sch007a (1) This paragraph applies where the appointment of a reporting...

s.sch007a (1) This paragraph applies where— (a) the appointment of a...

s.sch007a (1) This paragraph applies where the appointment of a reporting...

s.sch007a (1) This paragraph applies where a company has purported to...

s.sch007a (1) A member of a worldwide group may revoke an...

s.sch007a (1) This paragraph makes provision about the contents of an...

s.sch007a (1) This paragraph— (a) applies in relation to a worldwide...

s.sch007a (1) This paragraph applies for the purposes of this Part...

s.sch007a (1) A company is liable to a penalty if the...

s.sch007a (1) Liability to a penalty under paragraph 29 does not...

s.sch007a The Commissioners may by regulations make further provision about an...

s.sch007a (1) For the purposes of this Part of this Schedule...

s.sch007a (1) A company (“C”) is liable to a penalty if—...

s.sch007a (1) If a company liable to a penalty under paragraph...

s.sch007a (1) If a person becomes liable to a penalty under...

s.sch007a A person may, by notice, appeal against—

s.sch007a (1) Notice of an appeal under paragraph 35 must be...

s.sch007a (1) This paragraph applies if— (a) a company (“P”) liable...

s.sch007a (1) A company which fails to comply with paragraph 38...

s.sch007a (1) This paragraph applies where no interest restriction return in...

s.sch007a (1) An officer of Revenue and Customs may enquire into...

s.sch007a (1) This paragraph applies where an interest restriction return is...

s.sch007a (1) Notice of enquiry may be given later than the...

s.sch007a (1) An enquiry into an interest restriction return extends to...

s.sch007a (1) If it appears to an officer of Revenue and...

s.sch007a (1) If after notice of enquiry has been given into...

s.sch007a (1) This paragraph applies if a reporting company submits a...

s.sch007a (1) An enquiry into an interest restriction return submitted by...

s.sch007a (1) An application may be made at any time to...

s.sch007a (1) This paragraph applies where— (a) an appointment of a...

s.sch007a (1) If a closure notice — (a) is given to...

s.sch007a (1) This paragraph applies if— (a) a closure notice is...

s.sch007a (1) This paragraph applies if— (a) anything is required to...

s.sch007a (1) This paragraph applies where— (a) the appointment of a...

s.sch007a (1) Sub-paragraph (2) applies where— (a) a notice of determination...

s.sch007a (1) If a notice of determination under paragraph 58 is...

s.sch007a (1) This paragraph applies where condition A or B is...

s.sch007a (1) An officer of Revenue and Customs may, by notice,...

s.sch007a (1) The general rule is that, if an interest restriction...

s.sch007a (1) A group member may appeal against a notice under...

s.sch007a (1) The following provisions of Schedule 36 to FA 2008...

s.sch007a (1) For the purposes of this Part of this Schedule...

s.sch007a (1) This paragraph applies if a company—

s.sch007a (1) The Commissioners may by regulations— (a) make provision generally...

s.sch007a (1) This paragraph applies if— (a) a company amends, or...

s.sch007a In this Schedule “ company tax return ” has the...

s.sch007a A person is not liable to a penalty under any...

s.sch007a Notice of an appeal under this Schedule must specify the...

s.sch007a (1) This paragraph applies to an amount stated in an...

s.sch007a (1) This paragraph applies if— (a) a period of account...

s.sch007a (1) This paragraph applies where— (a) a reporting company has...

s.sch008 TMA 1970 is amended as follows.

s.sch008 In section 750(3)(b) (disregard of certain double taxation relief) for...

s.sch008 In section 931J(7) for “Part 18 of ICTA” substitute “...

s.sch008 In section 1266(1)(b) (resident partners and double taxation agreements) for...

s.sch008 FA 2009 is amended as follows.

s.sch008 In section 56(1) (tax in respect of MEPs' pay) for...

s.sch008 In Schedule 16 in paragraph 7(2)(a) (purposes for which straddling...

s.sch008 In Schedule 35 in paragraph 2(4)(b) for “section 788 of...

s.sch008 TMA 1970 is amended as follows.

s.sch008 In section 9A(4)(b) (scope of enquiries) for “paragraph 5C of...

s.sch008 (1) Amend the second column of the Table in section...

s.sch008 ICTA is amended as follows.

s.sch008 In section 751(6)(a) (“creditable tax” includes amounts of double taxation...

s.sch008 Omit section 770A (which introduces Schedule 28AA).

s.sch008 Omit Schedule 28AA (transfer pricing).

s.sch008 FA 1998 is amended as follows.

s.sch008 Omit section 110 (determinations requiring the sanction of the Commissioners...

s.sch008 Omit section 111 (duty to give notice to persons who...

s.sch008 FA 1999 is amended as follows.

s.sch008 Omit section 85 (advance pricing agreements).

s.sch008 Omit section 86(1) to (8) and (10) (provisions supplementary to...

s.sch008 Omit section 87 (effect of advance pricing agreements on non-parties)....

s.sch008 (1) Schedule 22 to FA 2000 (tonnage tax) is amended...

s.sch008 In section 755A(4A)(b) (dividend paid by controlled foreign company to...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 (1) Amend section 172F (transfer pricing rules to take precedence...

s.sch008 In section 173(2) (trading stock not to be valued if...

s.sch008 CTA 2009 is amended as follows.

s.sch008 (1) Amend section 161 (transfer pricing rules take precedence over...

s.sch008 In section 162(2) (trading stock not to be valued if...

s.sch008 In section 340(7) (Schedule 28AA to ICTA does not apply...

s.sch008 In section 374(3)(a) (meaning of non-qualifying territory) for “paragraph 5E...

s.sch008 (1) Amend section 376(5) (interpretation of section 375) as follows....

s.sch008 In section 377(3)(a) (meaning of non-qualifying territory) for “paragraph 5E...

s.sch008 Omit section 788 (giving effect to double taxation arrangements).

s.sch008 In section 407(6)(a) (meaning of non-qualifying territory) for “paragraph 5E...

s.sch008 (1) Amend section 410(5) (interpretation of section) as follows.

s.sch008 In section 444(3) (section is subject to section 445) for...

s.sch008 (1) Amend section 445 (disapplication of section 444 where Schedule...

s.sch008 (1) Amend section 446 (bringing into account adjustments made under...

s.sch008 (1) Amend section 447 (exchange gains and losses on debtor...

s.sch008 In section 452(1)(a) and (3)(a) (exchange gains and losses where...

s.sch008 In section 455(5) (section does not apply if paragraph 1(2)...

s.sch008 In section 464(3)(a) (which refers to and describes section 445(2))...

s.sch008 In section 484(1) (non-lending relationships treated as loan relationships: meaning...

s.sch008 Omit section 789 (conversion of references to the profits tax...

s.sch008 In section 508(2) (arrangements which are not alternative finance arrangements)—...

s.sch008 In section 625(7) (Schedule 28AA to ICTA does not apply...

s.sch008 (1) Amend section 693 (bringing into account adjustments under Schedule...

s.sch008 (1) Amend section 694 (exchange gains and losses where derivative...

s.sch008 In section 698(5) (section does not apply if paragraph 1(2)...

s.sch008 (1) In the provisions mentioned in sub-paragraph (2) (provisions which...

s.sch008 In section 775(3) (intangible fixed assets: transfers within a group)...

s.sch008 (1) Amend section 846 (intangible fixed assets: transfers not at...

s.sch008 In section 931P(4) (section does not apply if Schedule 28AA...

s.sch008 FA 2009 is amended as follows.

s.sch008 Omit section 790 (unilateral relief).

s.sch008 In Schedule 17 (international movement of capital) in paragraph 12(5)...

s.sch008 F(No.2)A 2005 is amended as follows.

s.sch008 Omit sections 24 to 28 (avoidance involving tax arbitrage).

s.sch008 Omit section 30 (interpretation of Chapter 4 of Part 2)....

s.sch008 Omit section 31 (commencement of Chapter 4 of Part 2)....

s.sch008 Omit Schedule 3 (qualifying schemes).

s.sch008 TMA 1970 is amended as follows.

s.sch008 (1) Amend the first column of the Table in section...

s.sch008 FA 2009 is amended as follows.

s.sch008 Omit section 35 (which introduces Schedule 15).

s.sch008 Omit section 791 (power to make regulations giving effect to...

s.sch008 Omit paragraphs 1 to 94 and 97 to 99 of...

s.sch008 The Inheritance Tax Act 1984 is amended as follows.

s.sch008 In section 174(1)(a) (income tax and unpaid inheritance tax) for...

s.sch008 TCGA 1992 is amended as follows.

s.sch008 In section 108(1)(c) (identification of relevant securities for corporation tax)...

s.sch008 In section 212(1)(b) (annual deemed disposal of unit trusts etc)...

s.sch008 In Schedule 7AD (gains of insurance company from venture capital...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 In section 378A(7) (offshore fund distributions) for “section 40A of...

s.sch008 FA 2008 is amended as follows.

s.sch008 Omit sections 792 to 798C (which contain rules about double...

s.sch008 Omit sections 40A to 42A (offshore funds).

s.sch008 CTA 2009 is amended as follows.

s.sch008 In section 489 (meaning of “offshore fund etc”)—

s.sch008 FA 2009 is amended as follows.

s.sch008 Omit paragraph 6 of Schedule 22 (restriction on regulation-making power...

s.sch008 FA 1980 is amended as follows.

s.sch008 In section 107(7) (transmedian fields) for “Chapter V of Part...

s.sch008 FA 1982 is amended as follows.

s.sch008 In section 134(1) (alternative valuation of ethane used for petrochemical...

s.sch008 In Schedule 19 (supplementary provisions relating to advance petroleum revenue...

s.sch008 Omit sections 799 and 801 to 801B (double taxation relief:...

s.sch008 ICTA is amended as follows.

s.sch008 Omit section 493(1) to (6) (valuation of oil disposed of...

s.sch008 Omit section 495 (regional development grants).

s.sch008 Omit section 496 (tariff receipts and tax-exempt tariffing receipts).

s.sch008 Omit section 502(1) and (2) (interpretation of Chapter 5).

s.sch008 FA 1991 is amended as follows.

s.sch008 Omit sections 62 to 65 (abandonment guarantees and abandonment expenditure)....

s.sch008 FA 1999 is amended as follows.

s.sch008 In section 98(7) (qualifying assets) for paragraphs (b) and (c)...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 Omit sections 803 to 804E and 804G to 806 (further...

s.sch008 In section 16(3) (oil extraction and related activities) for “section...

s.sch008 In Part 2 of Schedule 4 (index of defined expressions)...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 80(3) (ring fence income) for “same meaning as...

s.sch008 FA 1986 is amended as follows.

s.sch008 In section 78(7)(d) (loan capital)— (a) for “which fall within...

s.sch008 In section 79 (loan capital: new provisions)—

s.sch008 In section 99(9A) (interpretation)— (a) for “falling within section 48A...

s.sch008 TCGA 1992 is amended as follows.

s.sch008 In section 99(2) (application of Act to unit trust schemes)...

s.sch008 In section 9A(4)(c) (scope of enquiries) for “section 804ZA of...

s.sch008 (1) Amend section 806A as follows. (2) In subsection (2)—...

s.sch008 In section 117 (meaning of “qualifying corporate bond”) for subsection...

s.sch008 Omit section 151F (treatment of alternative finance arrangements).

s.sch008 In the Table in section 288(8) (interpretation), in the entry...

s.sch008 ITEPA 2003 is amended as follows.

s.sch008 In section 420(1) (meaning of securities etc) for paragraph (h)...

s.sch008 FA 2003 is amended as follows.

s.sch008 In section 71A(8) (alternative property finance: land sold to a...

s.sch008 In section 72(7) (alternative property finance in Scotland: land sold...

s.sch008 In section 72A(8) (alternative property finance in Scotland: land sold...

s.sch008 In section 73(5)(a) (alternative property finance: land sold to a...

s.sch008 (1) Amend section 806B as follows. (2) In subsection (2)(b)...

s.sch008 In section 73C (alternative finance investment bonds) for “falling within...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 In Part 2 of Schedule 4 (index of defined expressions)...

s.sch008 FA 2005 is amended as follows.

s.sch008 Omit sections 46 to 47A, 48(1), 48A, 48B(1) to (5)...

s.sch008 In Schedule 2 (alternative finance arrangements: further provisions) omit paragraphs...

s.sch008 FA 2006 is amended as follows.

s.sch008 Omit section 97 (beneficial loans to employees).

s.sch008 Omit section 98 (orders amending Chapter 5 of Part 2...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 806C(3) and (4) for “this Part” substitute “...

s.sch008 In section 2 (overview of Act) after subsection (10) insert—...

s.sch008 In section 383(6) (relief for interest payments)—

s.sch008 In section 849(4) (interaction with other Income Tax Acts provisions)...

s.sch008 In Schedule 4 (index of expressions defined in that Act)...

s.sch008 CTA 2009 is amended as follows.

s.sch008 Omit section 521 (power to extend Chapter 6 of Part...

s.sch008 Omit section 1310(5) (orders and regulations).

s.sch008 FA 2009 is amended as follows.

s.sch008 In section 123 (alternative finance investment bonds) for “falling within...

s.sch008 (1) Amend Schedule 61 (alternative finance investment bonds) as follows....

s.sch008 In section 806D(3), (4) and (5) for “this Part” substitute...

s.sch008 The Taxation of Chargeable Gains Act 1992 is amended as...

s.sch008 In section 37 (consideration chargeable to tax on income) at...

s.sch008 (1) FA 1997 is amended as follows.

s.sch008 The Capital Allowances Act 2001 is amended as follows.

s.sch008 In section 60(1)(c) (meaning of “disposal receipt”) for “paragraph 11”...

s.sch008 In section 420(b) (meaning of “disposal receipt”) for “paragraph 11”...

s.sch008 In section 476(1)(b) (disposal value of patent rights) for “paragraph...

s.sch008 The Income Tax Act 2007 is amended as follows.

s.sch008 In section 2 (overview of Act) after subsection (11) insert—...

s.sch008 In Schedule 4 (index of defined expressions) at the appropriate...

s.sch008 In section 806F(1) and (2) for “this Part” substitute “...

s.sch008 ICTA is amended as follows.

s.sch008 Omit section 24 (which has come to apply only for...

s.sch008 Omit sections 779 to 785 (sale and lease-back etc).

s.sch008 TCGA 1992 is amended as follows.

s.sch008 In Schedule 8 (leases) in paragraph 9(2) (gain reduced by...

s.sch008 The Broadcasting Act 1996 is amended as follows.

s.sch008 (1) Amend Schedule 7 (transfer schemes: taxation provisions) as follows....

s.sch008 FA 1999 is amended as follows.

s.sch008 In section 97(6), in the definition of “lease”, for “sections...

s.sch008 The Greater London Authority Act 1999 is amended as follows....

s.sch008 (1) Amend section 806J (interpretation of sections 806A to 806J)...

s.sch008 (1) Amend paragraph 13 of Schedule 33 (taxation provisions: public-private...

s.sch008 The Transport Act 2000 is amended as follows.

s.sch008 In paragraph 15 of Schedule 7 (transfer schemes: tax: leased...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 (1) Amend section 49 (car or motor cycle hire: supplementary)...

s.sch008 In section 100(4) (meaning of sale and lease-back arrangement) after...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 2 (overview of Act) after subsection (12) insert—...

s.sch008 In section 989 at the appropriate place insert— “hire-purchase agreement”...

s.sch008 After section 998 insert— Meaning of “hire-purchase agreement” (1) This section applies for the purposes of the provisions...

s.sch008 Omit sections 806L and 806M (unrelieved foreign tax).

s.sch008 (1) Amend section 1016(2) (table of provisions to which section...

s.sch008 In Schedule 4 (index of defined expressions) at the appropriate...

s.sch008 CTA 2009 is amended as follows.

s.sch008 In section 97(4) (meaning of sale and lease-back arrangement) after...

s.sch008 ICTA is amended as follows.

s.sch008 Omit sections 774A to 774G (factoring of income receipts etc)....

s.sch008 Omit section 786 (transactions associated with loans or credit).

s.sch008 TCGA 1992 is amended as follows.

s.sch008 (1) Amend section 263E (structured finance arrangements) as follows.

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 Omit sections 807 and 807A (provision, in connection with relief,...

s.sch008 After section 281 insert— Sums to which sections 277 to...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 2(13) (overview of Part 13) omit the “or”...

s.sch008 For section 809AZE (transfers of income streams: exception for transfer...

s.sch008 (1) Amend section 1016(2) (table of provisions to which section...

s.sch008 In Schedule 4 (index of defined expressions) at the appropriate...

s.sch008 FA 1995 is amended as follows.

s.sch008 Omit section 126 (UK representatives of non-residents).

s.sch008 Omit section 127 (persons not treated as UK representatives).

s.sch008 Omit Schedule 23 (obligations etc imposed on UK representatives).

s.sch008 Omit sections 807B to 807G (provisions related to the Mergers...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 2(14) (overview of Act)— (a) omit the “and”...

s.sch008 In section 813(2) (meaning of “disregarded income”) for “section 126...

s.sch008 (1) Amend section 817 (independent broker conditions) as follows.

s.sch008 In section 824 (application of 20% rule to collective investment...

s.sch008 (1) Amend section 1014(2) (orders and regulations to which section...

s.sch008 In Schedule 4 (index of defined expressions) at the appropriate...

s.sch008 The Solicitors (Northern Ireland) Order 1976 is amended as follows....

s.sch008 In paragraph 38(3) of Schedule 1A for the words from...

s.sch008 The Administration of Justice Act 1985 is amended as follows....

s.sch008 Omit sections 808A to 809 and 811 (provision, in connection...

s.sch008 In paragraph 36(3) of Schedule 2 for “749,” substitute “...

s.sch008 ICTA is amended as follows.

s.sch008 Omit section 59(3) and (4) (person answerable for tax charged...

s.sch008 The Broadcasting Act 1996 is amended as follows.

s.sch008 (1) Amend paragraph 19 of Schedule 7 (no profit or...

s.sch008 The Greater London Authority Act 1999 is amended as follows....

s.sch008 In paragraph 7 of Schedule 33 (taxation provisions: revenue nature...

s.sch008 ITEPA 2003 is amended as follows.

s.sch008 In section 211(2) (which refers to section 215, which in...

s.sch008 In section 215 (which now refers to section 776(1) of...

s.sch008 (1) Amend section 12B (records to be kept for purposes...

s.sch008 In section 331(1) (Part 5 is to be read with...

s.sch008 FA 2004 is amended as follows.

s.sch008 (1) Amend section 318 (interpretation of Part 7) as follows....

s.sch008 FA 2005 is amended as follows.

s.sch008 Omit section 48B(6) to (8) (alternative finance arrangements: alternative finance...

s.sch008 In Schedule 2 (alternative finance arrangements: further provisions) omit paragraph...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 887(4) (industrial and provident society payments) for “section...

s.sch008 CTA 2009 is amended as follows.

s.sch008 Before section 1 insert— Overview of the Corporation Tax Acts...

s.sch008 In section 814(1)(a) for “section 788(1)” substitute “ section 2(1)...

s.sch008 In section 39(2) (profits of mines, quarries and other concerns)...

s.sch008 In section 1269 (interpretation of sections 1267 and 1268) in...

s.sch008 In paragraph 75 of Schedule 2 (transitional provision and savings:...

s.sch008 TMA 1970 is amended as follows.

s.sch008 In section 118(1) after the definition of “the 1992 Act”...

s.sch008 ICTA is amended as follows.

s.sch008 In section 831(3) (interpretation of ICTA) after the definition of...

s.sch008 TCGA 1992 is amended as follows.

s.sch008 (1) Amend section 287 (powers to make orders or regulations...

s.sch008 In section 288(1) (interpretation) after the definition of “the Taxes...

s.sch008 Omit sections 815A to 815B and 816 (provision, in connection...

s.sch008 FA 1998 is amended as follows.

s.sch008 (1) Amend Schedule 18 (company tax returns etc) as follows....

s.sch008 ITEPA 2003 is amended as follows.

s.sch008 In Part 1 of Schedule 1 (abbreviations of Acts etc)...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 In Part 1 of Schedule 4 (abbreviations of Acts) after...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 1014(2) (orders and regulations under the Income Tax...

s.sch008 In section 1017 (abbreviated references to Acts) for the “and”...

s.sch008 CTA 2009 is amended as follows.

s.sch008 In section 828(4) (orders and regulations not subject to annulment)...

s.sch008 In section 1312 (abbreviated references to Acts) after the definition...

s.sch008 FA 2009 is amended as follows.

s.sch008 In section 126(1) (abbreviated references to Acts) after the entry...

s.sch008 (1) Amend Schedule 19ABA (modification of life assurance provisions of...

s.sch008 (1) Amend Schedule 26 (reliefs against liability for tax in...

s.sch008 Omit Schedule 28AB (prescribed schemes and arrangements for purposes of...

s.sch008 FA 1989 is amended as follows.

s.sch008 In section 115(1) (tax credits for dividends paid to non-residents...

s.sch008 In section 182A(6) (double taxation: disclosure of information: interpretation) for...

s.sch008 In section 24 (power to obtain information about income from...

s.sch008 TCGA 1992 is amended as follows.

s.sch008 In section 10(4) (persons exempt under Part 18 of ICTA)...

s.sch008 In section 10B(3) (companies exempt under Part 18 of ICTA)...

s.sch008 In section 59(2)(b) (arrangements giving relief for partnership gains) for...

s.sch008 In sections 140H(3), 140I(3) and 140J(3) (gains on which tax...

s.sch008 Omit section 277 (application to capital gains tax of provisions...

s.sch008 Omit section 278 (deduction for foreign gains tax in respect...

s.sch008 In section 288(1) (interpretation) for the definition of “double taxation...

s.sch008 FA 1993 is amended as follows.

s.sch008 Omit section 194 (application to petroleum revenue tax of provisions...

s.sch008 In section 29(7A) (discovery assessments: relaxation of pre-conditions) for “section...

s.sch008 In section 195(3) (interpretation of Part 3) omit “, other...

s.sch008 F(No.2) A 1997 is amended as follows.

s.sch008 (1) Amend section 30 (tax credits) as follows.

s.sch008 FA 1998 is amended as follows.

s.sch008 (1) Amend Schedule 18 (company tax returns etc) as follows....

s.sch008 FA 2000 is amended as follows.

s.sch008 (1) Amend Schedule 22 (tonnage tax) as follows.

s.sch008 CAA 2001 is amended as follows.

s.sch008 In section 105(4) (meaning of “double taxation arrangements”) for the...

s.sch008 ITEPA 2003 is amended as follows.

s.sch008 In section 43C(5) (meaning of consequential claim) for “or 43A”...

s.sch008 In section 643(6) in the definition of “double taxation relief...

s.sch008 FA 2004 is amended as follows.

s.sch008 In Chapter 7 of Part 3 (special withholding tax) omit—...

s.sch008 In section 189(3) (treatment of relevant UK earnings) for “by...

s.sch008 In Schedule 34 (non-UK pensions schemes: application of certain charges)...

s.sch008 ITTOIA 2005 is amended as follows.

s.sch008 In section 397A(7) (interpretation of section) in the definition of...

s.sch008 For section 397BA(2)(a) (which refers to arrangements to which section...

s.sch008 In section 763(3) (priority of double taxation arrangements) for “section...

s.sch008 (1) Section 764 (application of ICTA provisions about special relationships)...

s.sch008 In Part 4, after section 43C insert— Claims for double...

s.sch008 In section 858(1)(b) (resident partners and double taxation agreements) for...

s.sch008 ITA 2007 is amended as follows.

s.sch008 In section 1(2)(a) (example of income tax provisions located outside...

s.sch008 (1) Amend section 26(1)(b) (provisions referred to at Step 6...

s.sch008 In section 27(6) (tax reductions for individuals by way of...

s.sch008 In section 28(4) (tax reductions for non-individuals by way of...

s.sch008 (1) Amend section 29 (tax reductions: supplementary) as follows.

s.sch008 (1) Amend section 32 (liabilities not dealt with in calculation...

s.sch008 (1) Amend section 53 (transfer of unused relief: general) as...

s.sch008 (1) In section 424(2) (gift aid: charge to tax: interpretation)...

s.sch008 ICTA is amended as follows.

s.sch008 (1) Amend section 425 (“total amount of income tax” in...

s.sch008 In section 527(2) omit paragraph (b) (subsection (1) does not...

s.sch008 In section 582(2) (regulations may remove or reduce rights to...

s.sch008 In section 828C(4) (entitlement to double taxation relief)—

s.sch008 In section 849(1) (interaction between Part 15 of ITA 2007...

s.sch008 In section 1023 (meaning in Act of “double taxation arrangements”)...

s.sch008 In section 1026— (a) after paragraph (e) insert “ or...

s.sch008 FA 2008 is amended as follows.

s.sch008 In Schedule 17 in paragraph 10(3) after paragraph (c) insert...

s.sch008 CTA 2009 is amended as follows.

s.sch008 In section 444BB(6) (meaning of “double taxation relief”)—

s.sch008 In section 464(3)— (a) in paragraph (f) for “section 795(4)...

s.sch008 In section 486(2) for “section 811 of ICTA” substitute “...

s.sch008 In section 550(7) (meaning of “double taxation relief”) for “Part...

s.sch008 In section 697(3)(a) (exceptions to section 696) for “because of...

s.sch008 In section 782(1)(a) (intangible fixed assets transferred in the course...

s.sch008 In section 793(3)(b) (when election under section 792 may be...

s.sch008 In section 827(7) (no claim under section if claim made...

s.sch008 In section 906(3)— (a) omit “and” after paragraph (a), and...

s.sch008 For section 931C(1)(a) (which refers to arrangements to which section...

s.sch008 In section 931H(5) for “Part 18 of ICTA” substitute “...

s.sch009 The repeal of provisions and their enactment in a rewritten...

s.sch009 (1) This paragraph applies if, in the case of any...

s.sch009 (1) Sub-paragraph (2) applies to any arrangements—

s.sch009 Any arrangements specified in an Order in Council made under...

s.sch009 Section 11(3) does not have effect in relation to arrangements...

s.sch009 (1) Condition C in section 15 (credit for underlying tax...

s.sch009 (1) If article 10 of the 2009 Order applies—

s.sch009 In relation to distributions paid before 1 July 2009, the...

s.sch009 Section 34 does not have effect in relation to payments...

s.sch009 Section 45(2) has effect in relation to a credit for...

s.sch009 Section 49 has effect in relation to a credit for...

s.sch009 Paragraph 1 does not apply to any change made by...

s.sch009 In relation to dividends paid before 1 July 2009, section...

s.sch009 Section 65(3)(a) applies with the omission of sub-paragraph (ii) if...

s.sch009 (1) Section 109 does not apply in the case of...

s.sch009 Section 112(3) does not have effect in relation to payments...

s.sch009 In paragraph 5(4)(b) of Schedule 27 to ICTA (offshore funds:...

s.sch009 The amendments in sections 806A to 806J of ICTA that...

s.sch009 (1) Despite their repeal by this Act, the saved rules...

s.sch009 (1) Sub-paragraph (2) has effect for the purposes of applying...

s.sch009 Section 155(6)(b) does not have effect in relation to distributions...

s.sch009 (1) An agreement made before 27 July 1999 cannot have...

s.sch009 Any subordinate legislation or other thing which—

s.sch009 Sections 249 to 254 (tax arbitrage: receipt notices) do not...

s.sch009 (1) Part 7 of this Act does not have effect...

s.sch009 (1) An amount that would, apart from this paragraph, meet...

s.sch009 (1) Regulations under section 354 may not make provision about...

s.sch009 Paragraph 33 does not prevent regulations under section 354 making—...

s.sch009 In relation to periods of account (within the meaning given...

s.sch009 (1) If article 10 of the 2009 Order applies, section...

s.sch009 (1) The alternative finance provisions do not apply to purchase...

s.sch009 So far as Chapter 5 of Part 17 of ICTA...

s.sch009 (1) In relation to arrangements entered into before 15 October...

s.sch009 (1) Any reference (express or implied) in this Act, another...

s.sch009 (1) In relation to arrangements entered into before 15 October...

s.sch009 (1) Sub-paragraphs (2) and (3) apply if—

s.sch009 Chapter 5B of Part 13 of ITA 2007 (which is...

s.sch009 (1) In relation to a transfer before 22 April 2009,...

s.sch009 In relation to a transfer before 22 April 2009, section...

s.sch009 (1) Sections 925A to 925F and 926(1A) of ITA 2007...

s.sch009 (1) Any reference (express or implied) in any enactment, instrument...

s.sch009 Paragraphs 1 to 5 have effect instead of section 17(2)...

s.sch009 Paragraphs 4 and 5 apply only so far as the...

s.sch009 (1) The repeal by this Act of a transitional or...

s.sch009 (1) In this Part— “enactment” includes subordinate legislation (within the...

s.schedule a1 para.1 Unassessed transfer pricing profits: corporate partners

s.schedule a1 para.10 Appeal against assessment

s.schedule a1 para.11 Review of assessment

s.schedule a1 para.12 Settling of appeal by agreement

s.schedule a1 para.13 Introduction

s.schedule a1 para.14 Modifications to Parts 1 to 3 of this Schedule

s.schedule a1 para.2 Conditions for being assessed

s.schedule a1 para.3 Preliminary notices

s.schedule a1 para.4 Representations by the partnership

s.schedule a1 para.5 Assessment

s.schedule a1 para.6 Amendment of partnership return by partnership

s.schedule a1 para.7 Amendment of assessment by HMRC

s.schedule a1 para.8 No postponement except before assessment is finalised for tax on same profits

s.schedule a1 para.9 Closure notices: rules relating to period for amendments

Help complying

Guvnor’s practical routes through this instrument.

Transfer pricing rules for UK businesses

When transfer pricing rules apply to UK businesses, how the arm's length principle works, the SME exemption and its exceptions, documentation requirements …

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

TIOPA 2010

Does it bind you?

Other Acts binding the same actors

What it requires

Overview

Double taxation relief

Double taxation relief for special withholding tax

Transfer pricing

Assessment of unassessed transfer pricing profits

Advance pricing agreements

Tax arbitrage

Hybrid and other mismatches

Tax treatment of financing costs and income

Offshore funds ETC

Amendments to relocate provisions of tax legislation

Controlled foreign companies

Corporate interest restriction

General provisions

Schedules

Help complying

Transfer pricing rules for UK businesses