Clause 1100: Large companies: qualifying expenditure for an accounting period 80
Clause 1101: Qualifying expenditure on in-house direct R&D 80
Clause 1102: Qualifying expenditure on contracted out R&D 81
Clause 1103: Entitlement to and payment of tax credit 81
Clause 1104: Meaning of Chapter 7 surrenderable loss 81
Clause 1105: Amount of trading loss which is unrelieved 82
Clause 1106: Tax credit only available where company is going concern 82
Clause 1107: Amount of tax credit 82
Clause 1108: Total amount of companys PAYE and NIC liabilities 82
Clause 1109: Payment of tax credit 82
Clause 1110: Tax credit payment not income of company 82
Clause 1111: Restriction on losses carried forward where tax credit claimed 82
Clause 1112: Artificially inflated claims for relief or tax credit 82
Chapter 8: Cap on aid for R&D 82
Clause 1113: Cap on R&D aid under Chapter 2 or 7 83
Clause 1114: Total R&D aid 83
Clause 1115: The tax credits 83
Clause 1116: The actual reduction in tax liability 83
Clause 1117: The potential relief 83
Clause 1118: The notional relief 83
Chapter 9: Supplementary 83
Clause 1119: Small or medium-sized enterprise 83
Clause 1120: Qualifications to section 1119 84
Clause 1121: Larger SME 84
Clause 1122: Large company 84
Clause 1123: Staffing costs 84
Clause 1124: Staffing costs: attributable expenditure 85
Clause 1125: Software or consumable items 86
Clause 1126: Software or consumable items: attributable expenditure 86
Clause 1127: Qualifying expenditure on externally provided workers 86
Clause 1128: Externally provided worker 86
Clause 1129: Qualifying expenditure on externally provided workers: connected persons 86
Clause 1130: Election for connected persons treatment 87
Clause 1131: Qualifying expenditure on externally provided workers: other cases 87
Clause 1132: External workers: attributable expenditure 87
Clause 1133: Sub-contractor and sub-contractor payment 87
Clause 1134: Qualifying element of sub-contractor payment: connected persons 88
Clause 1135: Election for connected persons treatment 88
Clause 1136: Qualifying element of sub-contractor payment: other cases 88
Clause 1137: Accounting periods: company not within charge to corporation tax 88
Clause 1138: Subsidised expenditure 89
Clause 1139: Intellectual property 89
Clause 1140: Relevant payments to the subjects of a clinical trial 89
Clause 1141: Payment period 89
Clause 1142: Qualifying body 89
Part 14: Remediation of contaminated land 89
Chapter 1: Introduction 89
Clause 1143: Overview of Part 89
Clause 1144: Qualifying land remediation expenditure 90
Clause 1145: Land in a contaminated state 90
Clause 1146: Relevant land remediation 90
Chapter 2: Reliefs for expenditure on contaminated land 90
Clause 1147: Deduction for capital expenditure 90
Clause 1148: Election under section 1147 91
Clause 1149: Additional deduction for qualifying land remediation expenditure 91
Clause 1150: No relief if company responsible for contamination 91
Chapter 3: Land remediation tax credit 91
Clause 1151: Entitlement to and payment of tax credit 91
Clause 1152: Meaning of qualifying land remediation loss 91
Clause 1153: Amount of a loss which is unrelieved 91
Clause 1154: Amount of tax credit 92
Clause 1155: Payment of tax credit 92
Clause 1156: Tax credit payment not income of company 92
Clause 1157: Exclusion for capital gains purposes of certain expenditure 92
Clause 1158: Restriction on losses carried forward where tax credit claimed 92
Chapter 4: Special provision for life assurance business 92
Clause 1159: Limitation on relief under Chapter 2 92
Clause 1160: Provision in respect of I minus E basis 93
Clause 1161: Relief in respect of I minus E basis: enhanced expenses payable 93
Clause 1162: Meaning of qualifying Chapter 4 expenditure 93
Clause 1163: No relief if company responsible for contamination 93
Clause 1164: Entitlement to tax credit 93
Clause 1165: Meaning of qualifying life assurance business loss 93
Clause 1166: Amount of tax credit 93
Clause 1167: Payment of tax credit etc 94
Clause 1168: Restriction on carrying forward expenses payable where tax credit claimed 94
Chapter 5: Tax avoidance 94
Clause 1169: Artificially inflated claims for relief or tax credit 94
Chapter 6: Supplementary 94
Clause 1170: Staffing costs 94
Clause 1171: Staffing costs attributable to relevant land remediation 95
Clause 1172: Expenditure on materials 95
Clause 1173: Expenditure incurred because of contamination 95
Clause 1174: Sub-contractor payments 95
Clause 1175: Qualifying expenditure on sub-contracted land remediation: connected persons 95
Clause 1176: Qualifying expenditure on sub-contracted land remediation: other cases 95
Clause 1177: Subsidised expenditure 95
Clause 1178: Persons having a relevant connection to a company 96
Clause 1179: Other definitions 96
Part 15: Film production 96
Chapter 1: Introduction 96
Clause 1180: Overview of Part 96
Clause 1181: Film etc 96
Clause 1182: Film production company 97
Clause 1183: Film-making activities etc 97
Clause 1184: Production expenditure, core expenditure and limited-budget film 97
Clause 1185: UK expenditure etc 97
Clause 1186: Qualifying co-production and co-producer 98
Clause 1187: Company tax return 98
Chapter 2: Taxation of activities of film production company 98
Clause 1188: Activities of film production company treated as a separate trade 98
Clause 1189: Calculation of profits or losses of separate film trade 98
Clause 1190: Income from the film 98
Clause 1191: Costs of the film 99
Clause 1192: When costs are taken to be incurred 99
Clause 1193: Pre-trading expenditure 99
Clause 1194: Estimates 99
Chapter 3: Film tax relief 99
Clause 1195: Availability and overview of film tax relief 99
Clause 1196: Intended theatrical release 99
Clause 1197: British film 100
Clause 1198: UK expenditure 100
Clause 1199: Additional deduction for qualifying expenditure 100
Clause 1200: Amount of additional deduction 100
Clause 1201: Film tax credit claimable if company has surrenderable loss 100
Clause 1202: Surrendering of loss and amount of film tax credit 100
Clause 1203: Payment in respect of film tax credit 100
Clause 1204: No account to be taken of amount if unpaid 101
Clause 1205: Artificially inflated claims for additional deduction or film tax credit 101
Clause 1206: Confidentiality of information 101
Clause 1207: Wrongful disclosure 101
Chapter 4: Film losses 102
Clause 1208: Application of sections 1209 and 1210 102
Clause 1209: Restriction on use of losses while film in production 102
Clause 1210: Use of losses in later periods 102
Clause 1211: Terminal losses 102
Chapter 5: Provisional entitlement to relief 103
Clause 1212: Introduction 103
Clause 1213: Certification as a British film 103
Clause 1214: The UK expenditure condition 104
Clause 1215: Film tax relief on basis that film is limited-budget film 104
Clause 1216: Time limit for amendments and assessments 104
Part 16: Companies with investment business 104
Chapter 1: Introduction 105
Clause 1217: Overview of Part 105
Clause 1218: Company with investment business and investment business 105
Chapter 2: Management expenses 105
Clause 1219: Expenses of management of a companys investment business 105
Clause 1220: Meaning of unallowable purpose 106
Clause 1221: Amounts treated as expenses of management 106
Clause 1222: Income from a source not charged to tax 107
Clause 1223: Carrying forward expenses of management and other amounts 107
Clause 1224: Accounting period to which expenses are referable 107
Clause 1225: Accounts conforming with GAAP 107
Clause 1226: Accounts not conforming with GAAP 107
Clause 1227: Accounts not drawn up 107
Clause 1228: Credits that reverse debits 108
Clause 1229: Claw back of relief 108
Clause 1230: Meaning of reversal amount 108
Clause 1231: Absence of accounts 108
Chapter 3: Amounts treated as expenses of management 109
Clause 1232: Chapter applies to amounts not otherwise relieved 109
Clause 1233: Excess capital allowances 109
Clause 1234: Payments for restrictive undertakings 109
Clause 1235: Employees seconded to charities and educational establishments 110
Clause 1236: Payroll deduction schemes 110
Clause 1237: Counselling and other outplacement services 110
Clause 1238: Retraining courses 110
Clauses 1239 to 1243: Redundancy payments etc 110
Clause 1244: Contributions to local enterprise organisations or urban regeneration companies 111
Clause 1245: Payments to Export Credits Guarantee Department 111
Clause 1246: Levies under FISMA 2000 112
Chapter 4: Rules restricting deductions 112
Clause 1247: Introduction 112
Clause 1248: Expenses in connection with arrangements for securing a tax advantage 113
Clause 1249: Unpaid remuneration 113
Clause 1250: Unpaid remuneration: supplementary 113
Clause 1251: Car or motor cycle hire 113
Chapter 5: Companies with investment business: receipts 114
Clause 1252: Industrial development grants 114
Clause 1253: Contributions to local enterprise organisations or urban regeneration companies: disqualifying benefits 114
Clause 1254: Repayments under FISMA 2000 115
Chapter 6: Supplementary 115
Clause 1255: Meaning of some accounting terms 115
Part 17: Partnerships 115
Clause 1256: Overview of Part 116
Clause 1257: General provisions 116
Clause 1258: Assessment of partnerships 116
Clause 1259: Calculation of firms profits and losses 116
Clause 1260: Section 1259: supplementary 118
Clause 1261: Accounting periods of firms 118
Clause 1262: Allocation of firms profits or losses between partners 119
Clause 1263: Profit-making period in which some partners have losses 119
Clause 1264: Loss-making period in which some partners have profits 120
Clause 1265: Apportionment of profit share between partners accounting periods 120
Clause 1266: Resident partners and double taxation agreements 120
Clause 1267: Various rules for trades and property businesses 121
Clause 1268: Election for spreading under Chapter 14 of Part 3 122
Clause 1269: Interpretation of clauses 1267 and 1268 122
Clause 1270: Special provisions about farming and property income 122
Clause 1271: Sale of patent rights: effect of partnership changes 123
Clause 1272: Sale of patent rights: effect of later cessation of trade 124
Clause 1273: Limited liability partnerships 124
Part 18: Unremittable income 125
Clause 1274: Unremittable income: introduction 125
Clause 1275: Claim for relief for unremittable income 126
Clause 1276: Withdrawal of relief 126
Clause 1277: Income charged on withdrawal of relief after source ceases 127
Clause 1278: Valuing unremittable income 127
Part 19: General exemptions 127
Clause 1279: Exemption of profits from securities free of tax to residents abroad (FOTRA securities) 128
Clause 1280: Section 1279: supplementary provision 128
Clause 1281: Income from savings certificates 128
Clause 1282: Income from Ulster Savings Certificates 128
Clause 1283: Interest from tax reserve certificates 129
Clause 1284: Housing grants 129
Clause 1285: UK company distributions 129
Clause 1286: VAT repayment supplements 130
Clause 1287: Incentives to use electronic communications 130
Part 20: General calculation rules 130
Chapter 1: Restriction of deductions 130
Clause 1288: Unpaid remuneration 130
Clause 1289: Unpaid remuneration: supplementary 130
Clause 1290: Employee benefit contributions 131
Clause 1291: Making of employee benefit contributions 131
Clause 1292: Provision of qualifying benefits 131
Clause 1293: Timing and amount of certain qualifying benefits 131
Clause 1294: Provision or payment out of employee benefit contributions 132
Clause 1295: Profits calculated before end of 9 month period 132
Clause 1296: Interpretation of sections 1290 to 1296 132
Clause 1297: Life assurance business 132
Clause 1298: Business entertainment and gifts 132
Clause 1299: Business entertainment: exceptions 133
Clause 1300: Business gifts: exceptions 133
Clause 1301: Restriction of deductions for annual payments 133
Clause 1302: Social security contributions 133
Clause 1303: Penalties, interest and VAT surcharges 134
Clause 1304: Crime-related payments 134
Clause 1305: Dividends and other distributions 135
Chapter 2: Other general rules 135
Clause 1306: Losses calculated on same basis as miscellaneous income 135
Clause 1307: Apportionment etc of miscellaneous profits and losses to accounting period 135
Clause 1308: Expenditure brought into account in determining value of intangible asset 136
Clause 1309: Payments treated as made to visiting performers 136
Part 21: Other general provisions 136
Clause 1310: Orders and regulations 136
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