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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

 
 
 

 
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