Corporation Tax Bill

House of Commons

Session 2008 - 09
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Other Bills before Parliament

Corporation Tax Bill

Corporation Tax Bill
Schedule 4 — Index of defined expressions
799

amount recognised in determining a company’s
section 597

profit or loss for a period (in Part 7)

amounts recognised for accounting purposes (in
section 309(2)

Parts 5 and 6)

amounts recognised for accounting purposes (in
section 599

5

Part 7)

amounts recognised for accounting purposes (in
section 717(2)

Part 8)

animal (in Chapter 8 of Part 3)
section 110(1)

animal being added to a herd (in Chapter 8 of
section 110(6)

10

Part 3)

animals in a herd or part of a herd (in Chapter 8
section 110(3) to (5)

of Part 3)

approved, approval (in relation to a share
section 488(4) of ITEPA

incentive plan) (in Chapter 1 of Part 11)
2003 (see section 984(1)

15

and (2) of this Act)

arrangement (in Chapter 10 of Part 6)
section 559

assignment (in the application of the Act to
section 1320(1)

Scotland)

associate (in Parts 5 and 6)
section 417(3) of ICTA

20

(as applied by section

476(1))

associate (in Chapter 12 of Part 8)
section 417(3) of ICTA

(as applied by section

841(3))

25

associated company (in Chapter 1 of Part 11)
paragraph 94 of

Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

the associated transactions condition (in Chapter
section 532

30

7 of Part 6)

assumed income entitlement (in Chapter 3 of
section 948(2), (3)

Part 10)

authorised unit trust
section 468(6) of ICTA

(as applied by section

35

832(1) of that Act)

award of shares (and references to shares
paragraph 5(1) and (2)

awarded) (in Chapter 1 of Part 11)
of Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

40

Corporation Tax Bill
Schedule 4 — Index of defined expressions
800

bank (in Part 7)
section 710

the basic amount (in relation to estate income)
section 941(4)

(in Chapter 3 of Part 10)

basic life assurance and general annuity business
section 431F of ICTA

(abbreviated as “BLAGAB”)
(as applied by section

5

431(2) of that Act)

basic rate
section 1319

basic relieving amount by reference to a taxed
sections 228(4), 229(2),

receipt (in Chapter 4 of Part 4)
(4)

BLAGAB (in Chapter 10 of Part 5)
section 386(4)

10

body of persons
section 832(1) of ICTA

building society
section 832(1) of ICTA

capital allowance
section 832(1) of ICTA

capital cost of patent rights (in Chapter 3 of Part
section 913(4)

9)

15

capital redemption policy (in Part 7)
section 710

capped R&D expenditure (in Part 13)
section 1073

caravan
section 1314

carrying value (in Part 7)
section 702

Chapter 2 surrenderable loss (in Chapter 2 of
section 1055

20

Part 13)

Chapter 7 surrenderable loss (in Chapter 7 of
section 1104

Part 13)

the charge to corporation tax on income
section 2(3)

chargeable asset (in Part 7)
section 703

25

chargeable event (in Chapter 5 of Part 12)
section 1032

chargeable intangible asset (in Part 8)
section 741(1)

chargeable period
section 832(1) of ICTA

chargeable realisation gain (in Part 8)
section 741(2)

charity
section 1319

30

claim
section 1315

close company
sections 414 and 415 of

ICTA

collective investment scheme (in Parts 5 and 6)
section 476(1)

Corporation Tax Bill
Schedule 4 — Index of defined expressions
801

commercial association of companies (in Part 12)
section 1004(9)

commercial letting of furnished holiday
sections 265 to 268

accommodation (in Chapter 6 of Part 4)

company (except in Chapters 13 and 14 of Part 5,
section 832(1) of ICTA

Chapters 9 and 10 of Part 7, Chapter 8 of Part 8
(and see also section

5

and Chapter 1 of Part 11)
1273(2)(c) of this Act)

company (in Chapter 13 of Part 5)
section 430(1)

company (in Chapter 14 of Part 5)
section 439(1)

company (in Chapter 9 of Part 7)
section 681(1)

company (in Chapter 10 of Part 7)
section 688(1)

10

company (in Chapter 8 of Part 8)
section 764(2)

company (in Chapter 1 of Part 11)
paragraph 99(1) of

Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

15

the company (in relation to a share incentive
paragraph 2(2) of

plan) (in Chapter 1 of Part 11)
Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

the company (in Chapter 5 of Part 15)
section 1212(1)

20

company replacing another as party to a loan
section 338

relationship (in Chapter 4 of Part 5)

company replacing another as party to a
section 627

derivative contract (in Chapter 5 of Part 7)

company tax return (in Part 15)
section 1187

25

company with investment business (in Part 16)
section 1218(1) and (2)

the completion period (in Chapter 5 of Part 15)
section 1212(1)

connected (in the context of “connected person”
section 839 of ICTA

or one person being “connected” with another)
(see section 1316(1) of

(except in Chapter 12 of Part 8)
this Act)

30

connected (in the context of “connected person”
sections 842 and 843

or one person being “connected” with another)

(in Chapter 12 of Part 8)

connected companies relationship (in Parts 5 and
section 348

6)

35

consideration received for disposal of know-how
section 176(3), (4)

(in Chapter 13 of Part 3)

Corporation Tax Bill
Schedule 4 — Index of defined expressions
802

consortium (in relation to companies that are
section 1004(5) to (8)

owned by a consortium or are members of a

consortium) (in Part 12)

consortium company (in Chapter 7 of Part 5)
section 371(1)

contaminated state (in relation to land) (in Part
section 1145

5

14)

contract for differences (in Part 7)
section 582

contract of insurance (in Part 7)
section 710

contract of long-term insurance (in Part 7)
section 710

control (except in Chapter 12 of Part 8 and
section 840 of ICTA

10

Chapter 1 of Part 11)
(see section 1316(2) of

this Act)

control (in Chapter 12 of Part 8)
section 836

control (in Chapter 1 of Part 11)
section 995 of ITA

2007, as applied by

15

section 719 of ITEPA

2003 (with alternative

provision in

paragraphs 29(5), 37(6)

and 94(3) of Schedule 2

20

to ITEPA 2003) (see

section 984(1) and (2)

of this Act)

controlled waters (in Part 14)
section 1179

convertible securities (in Part 12)
section 1005 (and see

25

also section 1030(4))

convertible shares (in Part 12)
section 1005

co-operative society (in Chapter 14 of Part 5)
section 439(1)

co-operative society (in Chapter 10 of Part 7)
section 688(1)

co-producer (in Part 15)
section 1186

30

core expenditure (in Part 15)
section 1184(1)

cost of an asset (in relation to certain assets) (in
section 760

Chapter 7 of Part 8)

costs of the film (in Chapter 2 of Part 15)
section 1191

coupons (in Chapter 6 of Part 10)
section 975(3)

35

credit (in Part 16)
section 1255(3)

credit union
section 1319

Corporation Tax Bill
Schedule 4 — Index of defined expressions
803

creditor quasi-repo (in Chapter 10 of Part 6)
section 544

creditor relationship (in Parts 5, 6 and 7)
section 302(5)

creditor repo (in Chapter 10 of Part 6)
section 543

debit (in Part 16)
section 1255(3)

debt (in Parts 5 and 6)
section 476(1)

5

debtor consortium company (in Chapter 7 of
section 371(1)

Part 5)

debtor quasi-repo (in Chapter 10 of Part 6)
section 549

debtor relationship (in Parts 5, 6 and 7)
section 302(6)

debtor repo (in Chapter 10 of Part 6)
section 548

10

the deficit (in Chapter 16 of Part 5)
section 456(2)

the deficit period (in Chapter 16 of Part 5)
section 456(2)

deposit arrangements (in Chapter 6 of Part 6)
section 501(3)

depositary receipt (in Part 7)
section 710

deposit back arrangements
section 431(2) of ICTA

15

derivative contract
section 576

derivative contract of a person
section 608(7)

designated (in Part 7)
section 710

diminishing shared ownership arrangements (in
section 501(3)

Chapter 6 of Part 6)

20

discharge (in Chapter 10 of Part 6)
section 559

discretionary interest (in Chapter 3 of Part 10)
section 935(3)

distribution
section 832(1) of ICTA

dividend ordinary rate
section 1319

dividend shares (in Chapter 1 of Part 11)
paragraph 62(3)(b) of

25

Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

the earlier period (in Chapter 15 of Part 8)
section 871(2)

effective 51% subsidiary (in Part 8)
section 771

30

effective duration of a lease (in Chapter 4 of Part
section 243

4)

election
section 1315

Corporation Tax Bill
Schedule 4 — Index of defined expressions
804

employee (in Chapter 1 of Part 11)
section 4(2) of ITEPA

2003 (see section 984(1)

and (2) of this Act)

the employee (in Part 12)
section 1005

the employing company (in Part 12)
section 1005

5

employment (in Chapter 1 of Part 11)
section 4(1) of ITEPA

2003 (see section 984(1)

and (2) of this Act)

employment (in Part 12)
section 1002

employment income
section 7(2) of ITEPA

10

2003

equity instrument (in Parts 5 and 6)
section 476(1)

equity instrument (in Part 7)
section 710

estate (in Chapter 3 of Part 10)
section 934(2)

estate income (in Chapter 3 of Part 10)
section 934(2)

15

estate in land (in relation to any land in Scotland)
section 832(1) of ICTA

exchange gain (in Parts 5 and 6)
section 475

exchange gain (in Part 7)
section 705

exchange loss (in Parts 5 and 6)
section 475

exchange loss (in Part 7)
section 705

20

excluded body (in Part 7)
section 706

expenditure on an asset (in Part 8)
section 727

externally provided worker (in Part 13)
section 1128

fair value (in Parts 5 and 6)
section 313(6)

fair value (in Part 7)
section 710

25

fair value accounting (in Parts 5 and 6)
section 313(5)

fair value accounting (in Part 7)
section 710

farmers (in Chapter 8 of Part 3)
section 109(3)

farming
section 1317

film (in Part 15)
section 1181

30

film-making activities (in Part 15)
section 1183

film production company (in Part 15)
section 1182

film tax relief (in Part 15)
section 1195(2)

Corporation Tax Bill
Schedule 4 — Index of defined expressions
805

final accounting period (in Chapter 3 of Part 10)
section 938(3)

final certificate (in Chapter 5 of Part 15)
section 1212(1)

final tax year (in Chapter 3 of Part 10)
section 938(4)

financial asset (in Part 8)
section 806(2), (3)

financial institution (in Chapter 6 of Part 6)
section 502

5

financial trader (in Part 7)
section 710

firm
section 1257(1) (and

see also section

1273(2)(a))

for accounting purposes
section 832(1) of ICTA

10

foreign estate (in Chapter 3 of Part 10)
section 936(1)

foreign holdings (in Chapter 6 of Part 10)
section 975(1)

forestry
section 1317(3)

forfeiture, forfeited (in Chapter 1 of Part 11)
paragraph 99(1)

(“provision for

15

forfeiture”) of

Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

free shares (in Chapter 1 of Part 11)
paragraph 2(1)(a) of

20

Schedule 2 to ITEPA

2003 (see section 984(1)

and (2) of this Act)

future (in Part 7)
section 581

fungible assets (in Part 8)
section 858(2)

25

GAAP-compliant accounts (in Part 8)
section 716(4)

generally accepted accounting practice
section 832(1) of ICTA

(abbreviated as “GAAP”)
and section 50(1) of FA

2004

generating income from land (in Chapter 2 of
sections 207 and 208

30

Part 4)

gilt-edged securities (in Parts 5 and 6)
section 476(1)

goodwill (in Part 8)
section 715(3)

gross roll-up business
section 431(2) of ICTA

grossing up
section 1318

35

group (in Part 8)
Chapter 8 of Part 8