Corporation Tax Act 2010

Contents

21,498 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. Part 1 · Introduction
   1. 1 Overview of Act
2. Part 2 · Calculation of liability in respect of profits
   1. Chapter 1 Introduction
   2. Chapter 2 Rates at which corporation tax on profits charged
   3. Chapter 3 Calculation of amount to which rates applied
   4. Chapter 4 Currency
3. Part 3 · Companies with small profits
   1. Supplementary
   2. Marginal relief
   3. The lower limit and the upper limit
   4. The small profits rate
4. Part 3A · Companies with small profits
   1. Supplementary
   2. Marginal relief
   3. The lower limit and the upper limit
   4. The standard small profits rate for non-ring fence profits
5. Part 4 · Loss relief
   1. Chapter 1 Introduction
   2. Chapter 2 Trade losses
   3. Chapter 3 Limited partners and members of limited liability partnerships
   4. Chapter 4 Property losses
   5. Chapter 5 Losses on disposal of shares
   6. Chapter 6 Losses from miscellaneous transactions
   7. Chapter 7 Write-off of government investment
6. Part 5 · Group relief
   1. Chapter 1 Introduction
   2. Chapter 2 Surrender of company's losses etc for an accounting period
   3. Chapter 3 Surrenders made by non-UK resident company resident or trading in the EEA
   4. Chapter 4 Claims for group relief
   5. Chapter 5 Subsidiaries, groups and consortiums
   6. Chapter 6 Equity holders and profits or assets available for distribution
   7. Chapter 7 Miscellaneous provisions and interpretation of Part
7. Part 5A · Group relief for carried-forward losses
   1. Chapter 1 Introduction
   2. Chapter 2 Surrender of company's carried-forward losses etc
   3. Chapter 3 Claims for group relief for carried-forward losses
   4. Chapter 4 Limitations on relief: claims under section 188CB
   5. Chapter 5 Limitations on relief: claims under section 188CC
   6. Chapter 6 Miscellaneous provisions and interpretation of Part
8. Part 6 · Charitable donations relief
   1. Chapter 1 Nature of relief
   2. Chapter 2 Certain payments to charity
   3. Chapter 2A Payments to community amateur sports clubs: anti-abuse
   4. Chapter 3 Certain disposals to charity
9. Part 6A · Relief for expenditure on grassroots sport
   1. 217A Relief for expenditure on grassroots sport
   2. 217B Meaning of qualifying expenditure on grassroots sport
   3. 217C Meaning of qualifying sport body
   4. 217D Relationship between this Part and Part 6
10. Part 7 · Community investment tax relief
    1. Chapter 1 Introduction
    2. Chapter 2 Qualifying investments
    3. Chapter 3 General conditions
    4. Chapter 4 Limitations on claims and attribution
    5. Chapter 5 Withdrawal or reduction of CITR
    6. Chapter 6 Supplementary and general
11. Part 7A · Banking companies
    1. Chapter 1 Introduction
    2. Chapter 2 Key definitions
    3. Chapter 3 Restrictions on obtaining certain deductions
    4. Chapter 4 Surcharge on banking companies
12. Part 7ZA · Restrictions on obtaining certain deductions
    1. Introduction
    2. Deductions allowance
    3. Exclusion for certain general insurance companies
    4. Modifications for certain insurance companies
    5. Relevant profits
    6. Restrictions on obtaining certain deductions
13. Part 8 · Oil activities
    1. Chapter 1 Introduction
    2. Chapter 2 Basic definitions
    3. Chapter 3 Deemed separate trade
    4. Chapter 3A Rates at which corporation tax is charged on ring fence profits
    5. Chapter 4 Calculation of profits
    6. Chapter 5 Ring fence expenditure supplement
    7. Chapter 5A Extended ring fence expenditure supplement for onshore activities
    8. Chapter 6 Supplementary charge in respect of ring fence trades
    9. Chapter 6A Supplementary charge: investment allowance
    10. Chapter 7 Reduction of supplementary charge for eligible oil fields
    11. Chapter 8 Supplementary charge: onshore allowance
    12. Chapter 9 Supplementary charge: cluster area allowance
14. Part 8A · Profits arising from the exploitation of patents etc
    1. Chapter 1 Reduced corporation tax rate for profits from patents etc
    2. Chapter 2 Qualifying companies
    3. Chapter 2A Relevant IP profits: cases mentioned in section 357A(6)
    4. Chapter 2B Relevant IP profits: cases mentioned in section 357A(7): income from new IP
    5. Chapter 3 Relevant IP profits : cases mentioned in section 357A(7): no income from new IP
    6. Chapter 4 Streaming
    7. Chapter 5 Relevant IP losses
    8. Chapter 6 Anti-avoidance
    9. Chapter 7 Supplementary
15. Part 8B · Trading profits taxable at the Northern Ireland rate
    1. Chapter 1 Introductory
    2. Chapter 2 The Northern Ireland rate
    3. Chapter 3 Northern Ireland rate applied to Northern Ireland profits and losses
    4. Chapter 4 Basic definitions
    5. Chapter 5 Northern Ireland regional establishments
    6. Chapter 6 Northern Ireland profits and losses etc: SMEs that are Northern Ireland employers
    7. Chapter 7 Northern Ireland profits and losses etc: SMEs that are not Northern Ireland employers and large companies
    8. Chapter 8 Intangible fixed assets
    9. Chapter 9 Research and development expenditure
    10. Chapter 10 Remediation of contaminated or derelict land
    11. Chapter 10A Films, television programmes and video games qualifying for expenditure credit
    12. Chapter 11 Film tax relief
    13. Chapter 12 Television production
    14. Chapter 13 Video games development
    15. Chapter 14 Theatrical productions
    16. Chapter 14A Orchestra tax relief
    17. Chapter 14B Museums and galleries exhibition tax relief
    18. Chapter 15 Profits arising from the exploitation of patents etc
    19. Chapter 16 Northern Ireland profits and losses etc: partnerships
    20. Chapter 17 Excluded trades, excluded activities and back-office activities
16. Part 8C · Restitution interest
    1. Chapter 1 Amounts taxed as restitution interest
    2. Chapter 2 Application of restitution payments rate
    3. Chapter 3 Migration, transfers of rights etc
    4. Chapter 4 Payment and collection of tax on restitution interest
    5. Chapter 5 Supplementary provisions
17. Part 8ZA · Oil contractors
    1. Chapter 1 Introduction
    2. Chapter 2 Basic definitions
    3. Chapter 3 Deemed separate trade
    4. Chapter 4 Calculation of profits
18. Part 8ZB · Transactions in UK land
    1. Anti-fragmentation
    2. Exemption
    3. Interpretation
    4. Introduction
    5. Amounts treated as profits of a trade
    6. Arrangements for avoiding tax
    7. Calculation of profit or gain on disposal
    8. Other supplementary provisions
    9. Person to whom profits attributed
19. Part 9 · Leasing plant or machinery
    1. Chapter 1 Introduction
    2. Chapter 2 Long funding leases of plant or machinery
    3. Chapter 3 Sales of lessors: leasing business carried on by a company alone
    4. Chapter 4 Sales of lessors: leasing business carried on by a company in partnership
    5. Chapter 5 Sales of lessors: anti-avoidance provisions
    6. Chapter 6 Sales of lessors: general interpretation
20. Part 10 · Close companies
    1. Chapter 1 Overview of Part
    2. Chapter 2 Basic definitions
    3. Chapter 3 Charge to tax in case of loan to participator
    4. Chapter 3A Charge to tax: other arrangements
    5. Chapter 3B Repayments and return payments
    6. Chapter 4 Power to obtain information
21. Part 11 · Charitable companies etc
    1. Chapter 1 Introduction
    2. Chapter 2 Gifts and other payments
    3. Chapter 3 Other exemptions
    4. Chapter 4 Restrictions on exemptions
22. Part 12 · Real Estate Investment Trusts
    1. Chapter 1 Introduction
    2. Chapter 2 Requirements for being a UK REIT
    3. Chapter 3 Tax treatment of profits and gains of UK REITs
    4. Chapter 4 Entering the UK REIT regime
    5. Chapter 5 Assets etc
    6. Chapter 6 Distributions
    7. Chapter 7 Gains etc
    8. Chapter 8 Breach of conditions in Chapter 2
    9. Chapter 9 Leaving the UK REIT regime
    10. Chapter 10 Joint ventures
    11. Chapter 11 Part 12: supplementary
23. Part 13 · Other special types of company etc
    1. Chapter 1 Corporate beneficiaries under trusts
    2. Chapter 2 Authorised investment funds
    3. Chapter 3 Unauthorised unit trusts
    4. Chapter 3A Investment trusts
    5. Chapter 4 Securitisation companies
    6. Chapter 5 Companies in liquidation or administration
    7. Chapter 6 Banks etc in compulsory liquidation
    8. Chapter 7 Co-operative housing associations
    9. Chapter 8 Self-build societies
    10. Chapter 9 Community amateur sports clubs
24. Part 14 · Change in company ownership
    1. Chapter 1 Introduction
    2. Chapter 2 Disallowance of trading losses
    3. Chapter 2A Post-1 April 2017 losses: Further cases involving a change in the company's activities
    4. Chapter 2B Asset transferred within group: restriction of relief for post-1 April trade losses
    5. Chapter 2C Disallowance of group relief for carried-forward losses: general provision
    6. Chapter 2D Asset transferred within group: Restriction of group relief for carried-forward losses
    7. Chapter 2E Post-1 April 2017 trade losses: cases involving the transfer of a trade
    8. Chapter 3 Company with investment business: restrictions on relief: general provision
    9. Chapter 4 Company with investment business: restrictions on relief: asset transferred within group
    10. Chapter 5 Company without investment business: disallowance of property losses
    11. Chapter 5A Shell companies: restrictions on relief
    12. Chapter 6 Recovery of unpaid corporation tax
    13. Chapter 7 Meaning of “change in the ownership of a company”
    14. Chapter 8 Supplementary provision
25. Part 14A · Transfer of deductions
    1. 730A Overview
    2. 730B Interpretation of Part
    3. 730C Disallowance of deductible amounts: relevant claims
    4. 730D Disallowance of deductible amounts: profit transfers
26. Part 14B · Tax avoidance involving carried-forward losses
    1. 730E Overview
    2. 730F Meaning of “relevant carried-forward loss”
    3. 730G Disallowance of deductions for relevant carried-forward losses
    4. 730H Interpretation of section 730G
27. Part 15 · Transactions in securities
    1. Appeals
    2. Interpretation
    3. Introduction
    4. Circumstances in which corporation tax advantages obtained or obtainable
    5. Clearance procedure
    6. Company liable to counteraction of corporation tax advantage
    7. Procedure for counteraction of corporation tax advantages
28. Part 16 · Factoring of income etc
    1. Chapter 1 Transfers of income streams
    2. Chapter 1A Disposals of income streams through partnerships
    3. Chapter 2 Finance arrangements
    4. Chapter 3 Loan or credit transactions
    5. Chapter 4 Disposals of assets through partnerships
29. Part 17 · Manufactured payments and repos
    1. Chapter 1 Introduction
    2. Chapter 2 Manufactured dividends
    3. Chapter 3 Manufactured overseas dividends
    4. Chapter 4 Further provision about manufactured payments
    5. Chapter 5 Stock lending arrangements and repos
    6. Chapter 6 Interpretation of Part
30. Part 17A · Manufactured dividends
    1. 814A Overview of Part
    2. 814B Key definitions
    3. 814C Treatment of payer of manufactured dividend
    4. 814D Treatment of recipient of manufactured dividend
31. Part 18 · Transactions in land
    1. Exemptions
    2. Interpretation
    3. Introduction
    4. Charge to tax on gains from transactions in land
    5. Clearances and power to obtain information
    6. Further provisions relevant to the charge
    7. Recovery of tax
32. Part 19 · Sale and lease-back etc
    1. Chapter 1 Payments connected with transferred land
    2. Chapter 2 New lease of land after assignment or surrender
    3. Chapter 3 Leased trading assets
    4. Chapter 4 Leased assets: capital sums
33. Part 20 · Tax avoidance involving leasing plant or machinery
    1. Chapter 1 Restrictions on use of losses in leasing partnerships
    2. Chapter 2 Capital payments in respect of leases treated as income
    3. Chapter 3 Consideration for taking over payment obligations as lessee treated as income
34. Part 21 · Leasing arrangements: finance leases and loans
    1. Chapter 1 Introduction
    2. Chapter 2 Finance leases with return in capital form
    3. Chapter 3 Other finance leases
    4. Chapter 4 Supplementary provisions
35. Part 21A · Risk transfer schemes
    1. General
    2. Introduction
    3. A company's losses pool and profits pool
    4. Basic definitions
    5. Power to amend this Part
    6. Treatment of ring-fenced scheme losses
36. Part 21B · Group mismatch schemes
    1. 938A Losses and profits from group mismatch schemes to be disregarded
    2. 938B Meaning of “a group mismatch scheme” and “the scheme group”
    3. 938C Meaning of “scheme loss” and “scheme profit”
    4. 938D Meaning of “relevant tax advantage” etc and “the scheme period”
    5. 938E Meaning of “group”
    6. 938F Meaning of references to economic profits and losses
    7. 938G Tax capacity assumption
    8. 938H Meaning of “scheme”
    9. 938I Schemes involving repos or quasi-repos
    10. 938J Schemes involving finance arrangements
    11. 938K Trading income
    12. 938L Foreign companies and foreign permanent establishments
    13. 938M Controlled foreign companies
    14. 938N Priority
37. Part 21BA · Tax mismatch schemes
    1. 938O Losses and profits from tax mismatch scheme to be disregarded
    2. 938P Meaning of “tax mismatch scheme”
    3. 938Q Meaning of “scheme loss” and “scheme profit”
    4. 938R Meaning of “relevant tax advantage” etc and “the scheme period”
    5. 938S Meaning of references to economic profits and losses
    6. 938T Tax capacity assumption
    7. 938U Meaning of “scheme”
    8. 938V Priority
38. Part 21C · Tainted charity donations
    1. Introduction
    2. Supplementary
    3. Removal of reliefs
    4. Tainted donations
39. Part 22 · Miscellaneous provisions
    1. Chapter 1 Transfers of trade without a change of ownership
    2. Chapter 2 Transfers of trade to obtain balancing allowances
    3. Chapter 3 Transfer of relief within partnerships
    4. Chapter 4 Surrender of tax refund within group
    5. Chapter 5 Set off of income tax deductions against corporation tax
    6. Chapter 6 Collection etc of tax from UK representatives of non-UK resident companies
    7. Chapter 7 Recovery of unpaid corporation tax due from non-UK resident company
    8. Chapter 8 Exemptions
    9. Chapter 9 Other miscellaneous provisions
40. Part 23 · Company distributions
    1. Chapter 1 Introduction
    2. Chapter 2 Matters which are distributions
    3. Chapter 3 Matters which are not distributions
    4. Chapter 4 Special rules for distributions made by certain companies
    5. Chapter 5 Demergers
    6. Chapter 6 Information and returns: further provisions
    7. Chapter 7 Tax credits
    8. Chapter 8 Interpretation of Part
41. Part 24 · Corporation Tax Acts definitions etc
    1. Chapter 1 Definitions
    2. Chapter 2 Permanent establishments
    3. Chapter 3 Subsidiaries
    4. Chapter 4 Investment trusts
    5. Chapter 5 Other Corporation Tax Acts provisions
42. Part 25 · Definitions for purposes of Act and final provisions
    1. Definitions for the purposes of Act
    2. Final provisions
43. Schedule 1 · Minor and consequential amendments
    1. Part 1 Income and Corporation Taxes Act 1988
    2. Part 2 Other enactments
44. Schedule 2 · Transitionals and savings etc
    1. Part 1 General provisions
    2. Part 2 Changes in the law
    3. Part 3 Currency
    4. Part 4 Loss relief (other than share loss relief)
    5. Part 5 Losses on disposal of shares
    6. Part 6 Group Relief
    7. Part 7 Charitable donations relief
    8. Part 8 Citr
    9. Part 9 Oil activities
    10. Part 10 Leasing plant or machinery
    11. Part 11 Close companies
    12. Part 12 Charitable companies etc
    13. Part 13 Real Estate Investment Trusts
    14. Part 14 Co-operative housing associations and self-build societies
    15. Part 15 Transactions in securities
    16. Part 16 Factoring of income etc
    17. Part 17 Manufactured payments and repos
    18. Part 18 Sale and lease-back etc
    19. Part 19 Tax avoidance involving leasing plant or machinery
    20. Part 20 Leasing arrangements: finance leases and loans
    21. Part 21 Transfers of trade without a change in ownership
    22. Part 22 Use of different accounting practices within a group
    23. Part 23 Company distributions
    24. Part 24 Corporation Tax Acts definitions etc
45. Schedule 3 · Repeals and revocations
    1. Part 1 General
    2. Part 2 Repeals and revocations having effect for corporation tax purposes only
46. Schedule 4 · Index of defined expressions