- a Senedd pension scheme
means a pension scheme made under section 20 of the Government of Wales Act 2006.
- adjusted ring fence profits
has the meaning given by section 330(2) of CTA 2010;
- Admitted
means admitted in person to the venue where the objects or works are displayed.”
- amend
includes repeal or revoke.
- an Assembly pension scheme
means a pension scheme made under section 48 of the Northern Ireland Act 1998;
- arrangements
includes any scheme, agreement or understanding, whether or not legally enforceable. 1179D 1 For the purposes of this Part— a a qualifying film (see section 1179DB) or qualifying television programme (see section 1179DE) is a qualifying production, and b the production company for a qualifying film or a qualifying television programme (see section 1179DP) is the qualifying company for that film or programme. 2 The following provisions of this Chapter apply for the purposes of this Part in relation to films and television programmes. 3 Expenditure credit under Chapter 3 is called “audiovisual expenditure credit” when the entitlement to it arises in respect of a film or television programme. 1179DA 1 “Film” includes any record, however made, of a sequence of visual images that is capable of being used as a means of showing that sequence as a moving picture. 2 Each part of a series of films is treated as a separate film, unless— a the films form a series with not more than 26 parts, b the combined playing time is not more than 26 hours, and c the series constitutes a self-contained work or is a series of documentaries with a common theme, in which case the films are tre
- authorised lump sum
means a lump sum permitted by the lump sum rule in section 166 of FA 2004 to be paid by a registered pension scheme to a member of the scheme;
- authorised lump sum death benefit
means a lump sum death benefit authorised to be paid by the lump sum death benefit rule. 3E Section 637P of ITEPA 2003 (individual’s lump sum allowance) applies as if the amount specified in that section were £375,000. 3F Section 637R of ITEPA 2003 (individual’s lump sum and death benefit allowance) applies as if the amount specified in that section were an amount equal to the value of the individual’s uncrystallised pension rights on 5 April 2024. 3G The Commissioners for His Majesty’s Revenue and Customs may by regulations make provision about how the value of the individual’s uncrystallised pension rights on 5 April 2024 is to be determined for the purp
- benefit crystallisation event
means a benefit crystallisation event within the meaning of Part 4 of FA 2004, as that Part had effect immediately before 6 April 2024;
- capital-raising arrangements
means arrangements pursuant to which relevant securities are issued by a company for the purpose of raising new capital. 3 An instrument is not prevented from being an exempt capital-raising instrument by reason only of a delay in transferring relevant securities where— a a person (“the transferor”) acquires the relevant securities— i before capital-raising arrangements are entered into, or ii in the course of capital-raising arrangements, b the transferor is subject to a restriction that has the effect of preventing the transfer of the relevant securities in the course of the capital-raising arrangements, and c the instrument transfers the relevant securities
- collective investment scheme
has the meaning it has in section 235 of FISMA 2000;”
- company
means— (a) a company registered under the Companies Act 2006 in Northern Ireland, or (b) a company that may be wound up under Part 6 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)) (unregistered companies), and • “overseas company” means a company which is incorporated or formed outside Northern Ireland.”
- company tax return
has the same meaning as in Schedule 18 to FA 1998 (see paragraph 3(1)). 2 Any amendment to a company tax return that must be made by virtue of this Part, and any assessment to give effect to such a requirement, can be made despite any limitation on the time within which such an amendment or assessment can normally be made. 1179AD For the purposes of this Part, a company is in the same group as another company if those companies are in the same group for the purposes of Part 5 of CTA 2010. 1179AE 1 Regulations made by the Secretary of State under this Part are to be made by statutory instrument. 2 An instrument containing such regulations is subject to annulment in pursuance of a resolution of either House of Parliament. 3 A power to make regulations under this Part includes the power to make incidental, supplemental, consequential and transitional provision and savings. 1179B 1 The qualifying company for a qualifying production may elect in its company tax return for an accounting period for the production to be taxed as a separate trade. 2 The effect of such an election is that the activities of the company in relation to the production are to be treated for c
- complete evidence
has the meaning given by sub-paragraph (4);
- corporation tax credit
includes R&D expenditure credit), for “Chapter 6A of Part 3” substitute “Chapter 1A of Part 13”.
- country-by-country report
means a country-by-country report in respect of a multinational group that is prepared and filed in accordance with legislation implementing the OECD’s guidance on country-by-country reporting. 2 But where the legislation of a territory permits the preparation and filing of a partial country-by country report, such a partial report is not to be regarded as country-by-country report for the purposes of this Part. 3 Reference to a country-by-country report in respect of a multinational group that is a multi-parent group is to a report in respect of all of the constituent groups. 4 “The OECD’s guidance on country-by-country reporting” means the guidance on country-by
- court
means— (a) the court having jurisdiction for the purposes of the Insolvency Act 1986, or (b) the High Court in Northern Ireland;
- covered bond vehicle
has the meaning given by paragraph 53(7) of Schedule 19 to FA 2011.”
- creative sector credit
means— a audiovisual expenditure credit or video game expenditure credit under Chapter 3 of Part 14A of the Corporation Tax Act 2009, b film tax credit under Part 15 of that Act, c television tax credit under Part 15A of that Act, d video game credit under Part 15B of that Act, e theatre tax credit under Part 15C of that Act, f orchestra tax credit under Part 15D of that Act, or g museums and galleries exhibition credit under Part 15E of that Act.”
- deemed distribution
has the meaning given by section 215(4)(c);”
- defined benefits lump sum death benefit
has the same meaning as in Part 4 of FA 2004;
- development company
includes a company that is no longer the development company for the video game but is still carrying on the separate production trade in relation to it. 1179FR “Development activities”, in relation to a video game, means the activities involved in designing, producing and testing the video game. 1179FS A video game is “completed” when it is first in a form in which it can reasonably be regarded as ready for copies of it to be made and made available to the general public.”
- director
includes a shadow director. 8ZG 1 The court may make a disqualification order against a person if, on an application under this section, it is satisfied— a that the person— i is a director of a company that carries on business as a promoter within the meaning of Part 5 of the Finance Act 2014 (promoters of tax avoidance schemes), or ii after the coming into force of this section, was a director of a company at a time at which it did so, and b that the person’s conduct in relation to the company (either taken alone or taken together with the person’s conduct as a director of one or more other companies) makes the person unfit to be concerned in the management of a company. 2 For the purposes of subsection (1)(a)(i), Part 5 of the Finance Act 2014 has effect as if, in section 234 of that Act— a references to “tax” included value added tax and other indirect taxes, and b the definition of “tax advantage” also included a tax advantage as defined for VAT in paragraph 6, and for other indirect taxes in paragraph 7, of Schedule 17 to the Finance (No. 2) Act 2017 (disclosure of tax avoidance schemes: VAT and other indirect taxes). 3 References in subsection (1)(b) to a person’s
- entitled
(in relation to a lump sum) has the same meaning as in Part 4 of FA 2004;
- European expenditure
has the same meaning as in that Part before the amendments made by paragraph 5.
- Film
includes any record, however made, of a sequence of visual images that is capable of being used as a means of showing that sequence as a moving picture. 2 Each part of a series of films is treated as a separate film, unless— a the films form a series with not more than 26 parts, b the combined playing time is not more than 26 hours, and c the series constitutes a self-contained work or is a series of documentaries with a common theme, in which case the films are treated as a single film. 3 References to a film include the film soundtrack. 1179DB A film is a qualifying film if it meets— a the theatrical release condition (see section 1179DC), b the British certification condition (see section 1179DJ), and c the UK expenditure condition (see section 1179DO). 1179DC 1 A film meets the theatrical release condition if— a the film is intended for exhibition to the paying public at the commercial cinema, and b a significant proportion of the earnings from the film is intended to be obtained by such exhibition. 2 If the film does not meet that condition in an accounting period after the opt-in period, it cannot meet it in any subsequent accounting period (subject to section 1179E).
- Flow-through tax benefits
means tax credits, other than qualifying refundable tax credits, and the value of amounts of tax deductible losses made available to be used by an investor in a tax equity partnership arrangement under that arrangement (whether or not those credits or losses are used by the investor). 3 Section 176E (proportional amortisation method) applies for the purposes of determining the extent to which flow-through tax benefits are “qualifying” where— a in determining the underlying profits of the investor, the proportional amortisation method is used to account for the arrangement, or b the filing member of the multinational group of which the investor is a member has elected that section 176D should apply for those purposes in relation to the member. 4 Otherwise, section 176F (subtraction method) applies for those purposes. 5 For the purposes of this Part, a member of a multinational group is an investor in a tax equity partnership arrangement if— a the member has made an investment in an entity that is tax transparent in the territory in which the member is located, b the investment is treated as an equity interest for tax purposes in the territory in which the
- for tax purposes
means for the purposes of income tax, corporation tax, multinational top-up tax or domestic top-up tax.”
- foreign vehicle
means a vehicle that is registered under the law of any territory outside the United Kingdom;
- former QROPS
means a scheme that has at any time been a QROPS;
- general partner
includes a partner of such an entity that corresponds to a general partner. 4 See also section 232A, which contains provision about the continuity of partnerships which is relevant to this paragraph. 5 Where an obligation of a partnership may be met by one of its partners and the partnership does not comply with that obligation— a an officer of Revenue and Customs may by notice require any such partner to meet the obligation, and b that partner is to be treated for that purpose as the filing member (and accordingly may be subject to any penalty for a failure to comply).”
- Horizon Shortfall Scheme
means the scheme established on 1 May 2020 by Post Office Limited to compensate persons who were adversely affected by accounting shortfalls related to the Horizon system;
- indirect tax
has the same meaning as in Schedule 17 to the Finance (No. 2) Act 2017 (see paragraph 2(1) of that Schedule).”
- insurance company
has the same meaning as in Part 4 of FA 2004;
- intellectual property
means— (a) any patent, trade mark, registered design, copyright, design right or plant breeder’s right, (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a), or (c) any information or technique not protected by a right within paragraph (a) or (b) but having industrial, commercial or other economic value;
- international agreement
means an agreement between His Majesty’s Government in the United Kingdom and any other government, international organisation or authority. 1179DR Expenditure incurred by the production company for a film or television programme counts as “relevant production expenditure” for the purposes of section 1179CA(2) if— a it is core expenditure in relation to that film or television programme (see section 1179DS), and b it is not excluded expenditure (see sections 1179DT and 1179DU). 1179DS Expenditure is “core expenditure” in relation to a film or television programme if it is expenditure on the pre-production, principal photography or post-production of the film or programme. 1179DT Expenditure is excluded expenditure to the extent that the production company would, in respect of the expenditure, be able to claim— a an R&D expenditure credit under Chapter 6A of Part 3, or b relief under Part 13 (relief for expenditure on research and development). 1179DU 1 Expenditure is excluded expenditure to the extent that it represents connected party profit, unless subsection (3) applies. 2 For the purposes of subsection (1), expenditure represents connected party profit
- life assurance business
means— a a life assurance business within the meaning of section 56 of FA 2012, or b a business regulated as a life assurance business under the law of a territory outside the United Kingdom.”
- lifetime allowance
has the same meaning as in Part 4 of FA 2004;
- lifetime allowance charge
means the charge to income tax under section 214 of FA 2004, as it had effect before its repeal by this Act;
- lifetime allowance previously-used amount
has the meaning given by sub-paragraphs (4A) to (4C);
- limited partnership
includes an entity established under the law of a territory outside the United Kingdom that is equivalent to a limited partnership, and b “general partner” includes a partner of such an entity that corresponds to a general partner. 4 See also section 232A, which contains provision about the continuity of partnerships which is relevant to this paragraph. 5 Where an obligation of a partnership may be met by one of its partners and the partnership does not comply with that obligation— a an officer of Revenue and Customs may by notice require any such partner to meet the obligation, and b that partner is to be treated for that purpose as the filing member (and accordingly m
- listing arrangements
means arrangements pursuant to which relevant securities, or depositary receipts for relevant securities, are listed on a recognised stock exchange. 3 For the purposes of this section, listing arrangements are “qualifying” if, immediately before the first transfer of relevant securities in the course of the listing arrangements, no relevant securities in the company or depositary receipts for relevant securities in the company are listed on the recognised stock exchange to which the listing arrangements relate. 4 An instrument is not prevented from being an exempt listing instrument by reason only of a delay in transferring relevant securities where— a a person (“the t
- local tax attributes
means any tax attributes (which may include foreign tax credits) of the member that are recognised under the law of the territory in which the member is located (whether or not such tax attributes are excluded from the member’s covered tax balance).”
- loss relief
includes any means by which a loss might be used to reduce the amount in respect of which the company, or any other person, is chargeable to tax. 1179BG 1 This section applies if— a a company (“the principal company”) ceases to carry on the separate production trade in respect of a production, b the principal company could, but for the cessation of that trade, carry an amount (“the terminal loss”) forward under section 45A or 45B of CTA 2010 to an accounting period after that in which the cessation occurs, c when the trade ceases, either the principal company or another company in the same group carries on another separate production trade under this Chapter (“the other trade”), and d the ceased trade and the other trade both relate to productions that are or were qualifying productions by virtue of the same Chapter of this Part. 2 If the other trade is carried on by the principal company, the company may, by making a claim, treat the terminal loss (or part of it) as a loss made in the other trade that is carried forward under section 45B of CTA 2010. 3 If the other trade is carried on by another company— a the principal company may surrender the terminal loss (or par
- lump sum and death benefit transitional tax-free amount
has the meaning given by sub-paragraphs (2) and (3);
- lump sum death benefit
has the same meaning as in Part 4 of FA 2004;
- lump sum transitional tax-free amount
has the meaning given by sub-paragraph (1);
- main rate
means the rate referred to in section 3(1) of CTA 2010;
- main ring fence profits rate
means the rate referred to in section 279A(1) of CTA 2010;
- member
has the same meaning as in Part 4 of FA 2004;
- modify
includes disapply or supplement;
- new R&D relief
means relief under the new R&D provisions;
- non-qualifying person
has the same meaning as in section 206 of FA 2004;
- old R&D relief
means relief under the old R&D provisions;
- onward transfer
means (subject to subsection (3)) a transfer of sums or assets held for the purposes of, or representing accrued rights under, an arrangement under a QROPS or a former QROPS in relation to a member so as to become held for the purposes of, or to represent rights under, an arrangement under another QROPS in relation to that person as a member of that other QROPS;
- overseas company
means a company which is incorporated or formed outside Northern Ireland.”
- payment
includes any transfer of value.”
- pension commencement lump sum
has the same meaning as in Part 4 of FA 2004;
- pensions tax code
means—
- Post Office Limited
means the private company limited by shares with the company number 02154540 whose registered office is 100 Wood Street, London EC2V 7ER;
- Post Office Process Review
means the review established by Post Office Limited to provide redress to postmasters who were financially impacted by previous processes or policies in relation to balance discrepancies unrelated to the Horizon system;
- post-commencement expenditure
means expenditure incurred in an accounting period beginning on or after the appointed day;
- Post-commencement pension in payment
means a pension to which a person became entitled on or after 6th April 2006. 3 A lump sum and death benefit allowance enhancement factor operates in relation to the relevant benefit crystallisation event mentioned in paragraph 6A(1). 4 The lump sum and death benefit allowance enhancement factor is the pension credit factor. 5 The pension credit factor is— where A is the post-commencement pension in payment portion of the amount which is the appropriate amount for the purposes of section 29(1) of WRPA 1999 or Article 26(1) of WRP(NI)O 1999 in relation to the pension credit. 6 The post-commencement pension in payment portion of the appropriate amount referred to in the definition of A— a in a case where the appropriate amount is arrived at under section 29(2) or (3)(b) of WRPA 1999 or Article 26(2) or (3)(b) of WRP(NI)O 1999, is so much of that amount as is attributable to rights to a post-commencement pension in payment;
- pre-commencement expenditure
means expenditure incurred in an accounting period beginning before the appointed day.
- production company
includes a company that is no longer the production company for the film or television programme but is still carrying on the separate production trade in relation to it. 1179DZ 1 Subsection (2) applies if, for an accounting period, a production company is entitled to, and claims, an audiovisual expenditure credit— a in respect of a film on the basis that it is an animation, or b in respect of a television programme on the basis that it is an animation or a children’s programme. 2 The production company may not, for any subsequent accounting period, claim an audiovisual expenditure credit in respect of the film or programme on the basis that it is— a a qualifying film other than an animation, or b a qualifying television programme other than an animation or a children’s programme. 3 Subsection (2) ceases to apply if the company amends its company tax return for the accounting period referred to in subsection (1) to withdraw the claim for expenditure credit for that period. 4 An amendment may be made for that purpose despite any limitation on the time within which the return could normally be amended. 1179E 1 The same production may be a qualifying film in one a
- proportional amortisation method
means a method of accounting under which— a the initial capital investment in the arrangement is amortised over the term of the investment with the amortisation expense for an accounting period based on the proportion of the flow-through tax benefits expected to be provided over the term of the arrangement that are expected to be provided in that period, and b the difference between the flow-through tax benefits received in an accounting period and that amortisation expense for that period is reflected as tax expense. 10 For the purposes of this section and sections 176E and 176F, the value of an amount of tax deductible losses made available to be used by an investor is given by multiplying the amount multiplied by the tax rate that applies to the investor. 11 Paragraph 2 of Schedule 15 (annual elections) applies to an election under subsection (3)(b). 176E 1 Where this section applies, to determine the extent to which flow-through tax benefits provided to an investor in an accounting period under a tax equity partnership arrangement are qualifying, take the following steps— • Step 1 Determine the amount of capital investment provided by the inve
- protected cell company
means a protected cell company incorporated under Part 4 of the Risk Transformation Regulations 2017 which has its registered office in Northern Ireland;”
- QROPS
means a qualifying recognised overseas pension scheme;
- qualifying contractor expenditure
means expenditure that is qualifying Chapter 1A expenditure by virtue of— (a) section 1042E, or (b) section 1042F as it applies by reference to section 1042E. 8 In this section as it applies for the purposes of section 1058(1)— • “qualifying expenditure” (except in the expression “qualifying expenditure on the externally provided worker”) means qualifying Chapter 2 expenditure (see section 1051);
- qualifying de-merger
means the separation of members of a relevant multinational group into two or more consolidated groups in an accounting period of the relevant multinational group, such that those members cease to all be consolidated by the same ultimate parent. 3 A multinational group is relevant in an accounting period if— a it meets condition A in section 129(2) for that period (revenue threshold exceeded in at least 2 of previous 4 accounting periods), and b Pillar Two rules apply to any member of the group for that period.”
- qualifying expenditure
has the same meaning as in Part 6 of CAA 2001. 9 The Treasury may by regulations amend this section. 10 A statutory instrument containing regulations under subsection (9) that restricts the circumstances in which an election may be made under section 25C may not be made unless a draft of the instrument containing the regulations has been laid before, and approved by a resolution of, the House of Commons.”
- qualifying person
means a person who is not a non-qualifying person;
- Qualifying project
means a project to commission— a new generating plant for— i a new generating station, or ii an existing generating station which (as a result of the project) is to be wholly or substantially comprised of new generating plant, or b new generating plant that increases the generating capacity of an existing generating station. 5 Subsection (6) applies where new generating plant that increases the generating capacity of an existing generating station replaces existing generating plant. 6 Only so much of the new generating plant as represents generating capacity in excess of the capacity of the generating plant it replaces is to be regarded as qualifying new generating plant
- recognised medical practitioner
means a medical practitioner practising outside the United Kingdom who is authorised, licensed or registered to practise medicine in the country or territory, outside the United Kingdom, in which either the scheme or the member is resident. 1C In paragraph 12A (references to availability of allowances) after sub-paragraph (4) insert— 5 Sub-paragraph (6) applies in any case in which it is necessary to determine, for the purposes of— a paragraph 1 (pension commencement lump sum), b paragraph 7 (trivial commutation lump sum), or c paragraph 10 (winding-up lump sum), whether all or part of a transfer member’s lump sum allowance or lump sum and death benefit allo
- recognised transfer
has the meaning given by section 169;
- Rectification exercise
means an exercise, conducted by a relevant pension scheme in accordance with the rules of the scheme, under which the benefits payable to or in respect of a member in respect of the member’s remediable service (or any part of the member’s remediable service)—
- Rectification payment
means—
- relevant benefit crystallisation event
has the same meaning as in section 637S of ITEPA 2003 (availability of individual’s lump sum and death benefit allowance);
- relevant compensation payment
means a payment made to a company under— a the GLO Compensation Scheme, b the Horizon Shortfall Scheme, c the Suspension Remuneration Review, d the Post Office Process Review, or e such other compensation scheme of a description specified in regulations made by the Treasury. 2 The power under sub-paragraph (1)(e) to specify a description of compensation scheme is exercisable only if the scheme provides for the payment of compensation to persons by or on behalf of— a the government of the United Kingdom, b the government of a part of the United Kingdom, c the government of any other country or territory, d a local or other public authority in the United Kingdom, or e a local or other public authority of a territory outside the United Kingdom. 3 The power under sub-paragraph (1)(e) may be exercised so as to provide— a for the provisions of this Part of this Schedule to apply to all descriptions of payments made under a compensation scheme or only to such descriptions as may be specified in the regulations;
- relevant defined benefits arrangement
means— a the defined benefits arrangement mentioned in paragraph (a) or (b) of sub-paragraph (3), or b any other defined benefits arrangement relating to the member (under the pension scheme or any other registered pension scheme) in the case of which any of the sums or assets held for the purposes of, or representing accrued rights under, the arrangement directly or indirectly represent sums or assets previously held for the purposes of, or representing accrued rights under, the defined benefits arrangement so mentioned.”
- relevant events
means— a relevant benefit crystallisation events, or b occasions that are, or could (depending on their timing) be, occasions on which an individual first flexibly accesses pension rights for the purposes of sections 227B to 227F.”
- relevant existing regime
means—
- relevant lump sum
means— i a pension commencement lump sum, or ii an uncrystallised funds pension lump sum. 3 If no relevant benefit crystallisation event has occurred in relation to the individual before the current event, the whole of the individual’s lump sum allowance is available. 4 Otherwise, the amount of the individual’s lump sum allowance that is available is— a so much of that allowance as is left after deducting the previously-used amount, or b if none is left after deducting that amount, nil. 5 For this purpose “the previously-used amount” is the aggregate of the non-taxable amounts in relation to each relevant benefit crystallisation event that has occurred in relation to the individual before the current event. 6 In subsection (5) “non-taxable amount”, in relation to a relevant benefit crystallisation event, means so much (if any) of the relevant lump sum to which the event relates as is exempt from the charge to income tax by virtue of any provision of this Chapter. 7 A reference in this section to a relevant benefit crystallisation event is to a relevant benefit crystallisation event occurring on or after 6 April 2024. 8 For transitional provision under which the
- relevant lump sum death benefit
means any authorised lump sum death benefit other than— i a charity lump sum death benefit, or ii a trivial commutation lump sum death benefit. 3 If no relevant benefit crystallisation event has occurred in relation to the individual before the current event, the whole of the individual’s lump sum and death benefit allowance is available. 4 Otherwise, the amount of the individual’s lump sum and death benefit allowance that is available is— a so much of that allowance as is left after deducting the previously-used amount, or b if none is left after deducting that amount, nil. 5 For this purpose “the previously-used amount” is the aggregate of the non-taxable
- Relevant pension scheme
means—
- relevant permitted transfer
means a permitted transfer that is not a transfer of sums or assets held for the purposes of, or representing accrued rights under, any of the relevant pension schemes so as to become held for the purposes of, or to represent rights under, a qualifying recognised overseas pension scheme in connection with the individual’s membership of that pension scheme.”
- relevant person
means—
- relevant prize
means a prize offered in connection with participation in a quiz, game, competition or contest in, or promoted by, the programme. 4 The Treasury may by regulations amend subsection (2) for the purpose of increasing the amount of the money limit for the time being specified in that subsection. 1179DH 1 A television programme meets the broadcast condition if— a it is intended for broadcast to the general public, and b it is not a film that meets the theatrical release condition (see section 1179DC). 2 If the television programme does not meet that condition in an accounting period after the opt-in period, it cannot meet it in any subsequent accounting period (subject to section 1179E). 1179DI 1 A television programme that consists of distinct episodes meets the slot length condition if the slot length of each episode is greater than 20 minutes. 2 A television programme that does not consist of distinct episodes meets the slot length condition if the slot length of the programme is greater than 20 minutes. 3 A television programme meets the hourly cost condition if the average core expenditure per hour of slot length in relation to the programme is at least £1 million
- relieved relevant non-UK scheme
means a pension scheme that is a relevant non-UK scheme within the meaning of sub-paragraph (5) of paragraph 1 of Schedule 34 in respect of which at least one of paragraphs (a) to (c) of that sub-paragraph applies;
- relieved relevant non-UK scheme transfer
means a transfer, other than a block transfer, of sums or assets held for the purposes of, or representing accrued rights under, an arrangement under a relieved relevant non-UK scheme in relation to a relieved member of the scheme so as to become held for the purposes of, or to represent rights under, an arrangement under a QROPS in relation to that person as a member of that QROPS;
- remediable service
means service that is pensionable service under a relevant pension scheme and— (a) in the case of service that is pensionable service under an MPs’ pension scheme, takes place in the period beginning with 8 May 2015 and ending with 31 March 2023;
- ring fence profits
has the meaning given by section 276 of CTA 2010;
- ring fence trade
has the meaning given by section 277 of CTA 2010;
- scheme administrator
has the same meaning as in Part 4 of FA 2004;
- scheme pension
has the same meaning as in Part 4 of FA 2004 (pensions etc);
- securitisation company
has the meaning it has in the Taxation of Securitisation Companies Regulations 2006 (see regulation 4).”
- serious ill-health lump sum
has the same meaning as in Part 4 of FA 2004;
- slot length
means the period of time which the episode or (as the case may be) programme is commissioned to fill. 1179DJ 1 In this section, references to a certificate are to be read— a in relation to a film, as references to a certificate under Schedule 1 to the Films Act 1985, and b in relation to a television programme, as references to a certificate under section 1179DM. 2 A film or television programme meets the British certification condition in a pre-completion period (see section 1179DY) if— a an interim certificate has effect in relation to it at the end of that period, and b the production company’s company tax return for that period is accompanied by the certificate. 3 A film or television programme meets the British certification condition in the completion period (see section 1179DY) and any subsequent accounting period if— a at the end of the completion period, either— i a final certificate has effect in relation to the film or programme, or ii the production company has abandoned production activities in relation to the film or programme and an interim certificate has effect in relation to it, and b the production company’s company tax return for that period is acc
- small ring fence profits rate
means the rate referred to in section 279A(3) of CTA 2010;
- specified
means specified or described in regulations.”
- stand-alone lump sum
has the meaning given by article 25 of the Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572);
- standard small profits rate
means the rate referred to in section 18A(1) of CTA 2010. 1042L 1 This section applies if an amount is deducted under step 2 in section 1042I. 2 If the company is a member of a group, it may, in respect of the accounting period in which the expenditure credit arises, surrender the whole or part of the deducted amount to any other member of the group (as to which see section 1042N). 3 To the extent that the deducted amount is not surrendered under subsection (2), it is to be applied in discharging any liability of the company to pay corporation tax for any subsequent accounting period. 1042M 1 An amount within subsection (2) is to be applied as described in that subsection before any amount within subsection (3) is applied as described in that subsection. 2 An amount is within this subsection if it is to be applied under— a section 1042L(3), or b section 1042N(3) as it applies in relation to an amount surrendered under section 1042L(2), in discharging the liability of a company to pay corporation tax for an accounting period. 3 An amount is within this subsection if it is to be (or would but for subsection (1) be) applied under— a step 4 in section 1042
- subordinate legislation
means Orders in Council, orders and regulations (including any regulations made under an Order in Council).”
- Suspension Remuneration Review
means the review established by Post Office Limited to provide redress to postmasters contracted to deliver Post Office services through branches who were suspended before March 2019 and did not receive remuneration during their period of suspension. 2 For the purposes of this Part of this Schedule— a a relevant onward payment “relates” to paragraph 7(1)(a) if the related relevant compensation payment mentioned in paragraph 8(1)(c) falls within paragraph 7(1)(a) (and references to payments relating to paragraph 7(1)(b), (c), (d) or (e) are to be read accordingly);
- Tax redress payment
means a payment made to or in respect of a member of a relevant pension scheme where—
- Television programme
means any programme (with or without sounds) which— a is produced to be seen on television or on the internet, and b consists of moving or still images or of legible text or of a combination of those things. 2 Two or more television programmes that are commissioned together under the same agreement are to be treated as a single television programme. 1179DE A television programme is a qualifying television programme if— a it is of an eligible category (see section 1179DF), b it is not an excluded programme (see section 1179DG), c it meets the broadcast condition (see section 1179DH), d in the case of a programme that is not an animation or a children’s programme, it meets the slot length and hourly cost conditions (see section 1179DI), e it meets the British certification condition (see section 1179DJ), and f it meets the UK expenditure condition (see section 1179DO). 1179DF 1 The eligible categories of television programme are— a dramas, b documentaries, c animations, and d children’s programmes. 2 A television programme is a drama if— a it consists wholly or mainly of a depiction of events, b the events are depicted wholly or mainly by one or more persons pe
- the 1989 Order
means the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).”
- the appropriate authority
means— a in relation to an undertaking under section 8ZF or 8ZG, an officer of Revenue and Customs;
- the appropriate percentage
means—
- the connected companies
refers to the company to which this section is being applied and each company with which it is connected;
- the court
means— (a) in England and Wales, the High Court;
- the EA regulations
means the Pension Schemes (Enhanced Allowances) Regulations 2006 (S.I. 2006/131);”
- the Horizon system
means previous versions of the computer system used by Post Office Limited known as Horizon (and sometimes referred to as Legacy Horizon, Horizon Online or HNG-X);
- the new R&D provisions
means Part 13 of CTA 2009 as it has effect after the Part 1 amendments;
- the old R&D provisions
means Chapter 6A of Part 3 or Part 13 of CTA 2009 as that Chapter or Part has effect before the Part 1 amendments;
- the Part 1 amendments
means the amendments made by Part 1 of this Schedule;
- the Provision of Information Regulations
means the Registered Pension Schemes (Provision of Information) Regulations (S.I. 2006/567);
- the relevant period
means— (a) in the case of a recognised transfer or a relieved relevant non-UK scheme transfer made on 6 April in any year, the five years beginning with the date of that transfer, (b) in the case of any other recognised transfer or relieved relevant non-UK scheme transfer, the period consisting of the combination of— (a) the period beginning with the date of the transfer and ending immediately before the next 6 April, and (b) the five years beginning at the end of that initial period, (c) in the case of an onward transfer, the period— (a) beginning with the date of the transfer, and (b) ending at the end of the relevant period for the original transfer (see paragraphs (a) and (b) or, as the case may be, paragraphs (d) and (e)), (d) in the case of a relevant transfer that— (a) is made on 6 April in any year, and (b) is the original transfer for an onward transfer, the five years beginning with the date of the relevant transfer, and (e) in the case of a relevant transfer that— (a) is made otherwise than on 6 April in any year, and (b) is the original transfer for an onward transfer, the period consisting of the combination of: the period beginning with the date
- the relevant time
means—
- the relevant two year period
means the period of two years beginning with the day on which the scheme administrator of the scheme first knew of the member’s death or (if earlier) the day on which the scheme administrator could first reasonably have been expected to have known of it. 637I 1 Subject to subsections (2), (3) and (4) no liability to income tax arises on a pension protection lump sum death benefit paid under a registered pension scheme. 2 If— a a pension protection lump sum death benefit under a registered pension scheme is paid in respect of a member who, on death, is under 75, and b the lump sum exceeds the permitted maximum, section 579A (pensions) applies to the excess as it applies to any pension under a registered pension scheme. 3 If a pension protection lump sum death benefit under a registered pension scheme is paid— a in respect of a member who, on death, is 75 or over, and b to a qualifying person, section 579A (pensions) applies to the lump sum as it applies to any pension under a registered pension scheme. 4 If a pension protection lump sum death benefit under a registered pension scheme is paid— a in respect of a member who, on death, is 75 or over, and b
- the tax-free element
means 25% of the value of any uncrystallised rights extinguished by the lump sum. 4 In this section “uncrystallised rights” has the same meaning as in section 212 of FA 2004;
- transfer member
has the meaning given by paragraph 1(8) of Schedule 34 to FA 2004 (non-UK schemes).”
- transitional lump sum
means a lump sum to which a member of a registered pension scheme becomes entitled before 6 April 2024 and which is paid on or after that date.
- transitional lump sum death benefit
means a lump sum death benefit paid on or after 6 April 2024 so far as relating to rights that, before that date, crystallised under section 216 of FA 2004.
- transitional safe harbour election
means— a an election under paragraph 3(1) (transitional safe harbour), or b an election corresponding to that election for the purposes of a tax imposed by a Pillar Two territory that is equivalent to multinational top-up tax so far as it relates to top-up tax under the IIR (within the meaning of the Pillar Two rules).”
- transitional tax-free amount certificate
means a certificate under paragraph 127;
- uncrystallised funds pension lump sum
has the same meaning as in Part 4 of FA 2004. • “uncrystallised funds pension lump sum death benefit” has the same meaning as in Part 4 of FA 2004;
- uncrystallised funds pension lump sum death benefit
has the same meaning as in Part 4 of FA 2004;
- uncrystallised rights
has the same meaning as in section 212 of FA 2004;