UK Statutory Instrument SI 2007/678 United Kingdom

The Corporation Tax (Surrender of Terminal Losses on Films and Claims for Relief) Regulations 2007

Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader1

Plus 1 duty 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

What it requires

Regulations 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.

s.013 Reduction in amount available for surrender Regulated
  • Withdraw consent notices if film loss relief amount is reducedTrader
s.014 Assessment on other claimant companies Regulated
Other duties (1) — Crown / regulator
  • HMRC may assess other companies for unpaid tax when a film loss surrender is reversedStatutory regulator
13 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 Provision corresponding to Part 8 of Schedule 18 to
s.004 Introduction of provisions on claims for relief in respect of terminal losses
s.005 Claim to be included in company B’s return
s.006 Content of claims
s.007 Claims for more or less than the terminal loss available for surrender
s.008 Consent to surrender
s.009 Notice of consent
s.010 Notice of consent requiring amendment of return
s.011 Withdrawal or amendment of claim
s.012 Time limit for claims
s.015 Assessment to recover excess relief

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.