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Corporation Tax Bill


Corporation Tax Bill
Schedule 4 — Index of defined expressions

801

 
 

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)

 

5

 

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)

  

10

 

consideration received for disposal of know-how

section 176(3), (4)

 
 

(in Chapter 13 of Part 3)

  
 

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)

  

15

 

consortium company (in Chapter 7 of Part 5)

section 371(1)

 
 

contaminated state (in relation to land) (in Part

section 1145

 
 

14)

  
 

contract for differences (in Part 7)

section 582

 
 

contract of insurance (in Part 7)

section 710

 

20

 

contract of long-term insurance (in Part 7)

section 710

 
 

control (except in Part 5, Chapter 12 of Part 8 and

section 840 of ICTA

 
 

Chapter 1 of Part 11)

(see section 1316(2) of

 
  

this Act)

 
 

control (in Part 5)

section 472 (as applied

 

25

  

by sections 363(5),

 
  

376(4), 383(8), 408(4),

 
  

411(1), 466(6) and

 
  

473(6))

 
 

control (in Chapter 12 of Part 8)

section 836

 

30

 

control (in Chapter 1 of Part 11)

section 995 of ITA

 
  

2007, as applied by

 
  

section 719 of ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

35

 

controlled waters (in Part 14)

section 1179

 
 

convertible securities (in Part 12)

section 1005 (and see

 
  

also section 1030(4))

 
 

convertible shares (in Part 12)

section 1005

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

802

 
 

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

 
 

core expenditure (in Part 15)

section 1184(1)

 
 

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

section 760

 

5

 

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)

 
 

credit (in Part 16)

section 1255(3)

 
 

credit union

section 1319

 

10

 

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)

 

15

 

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

 

20

 

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

 

25

 

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)

  

30

 

discharge (in Chapter 10 of Part 6)

section 559

 
 

discretionary interest (in Chapter 3 of Part 10)

section 935(3)

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

803

 
 

distribution

section 832(1) of ICTA

 
 

dividend ordinary rate

section 1319

 
 

dividend shares (in Chapter 1 of Part 11)

paragraph 62(3)(b) of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 

5

  

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

 
 

effective duration of a lease (in Chapter 4 of Part

section 243

 
 

4)

  

10

 

election

section 1315

 
 

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

 

15

 

the employing company (in Part 12)

section 1005

 
 

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

 

20

 

employment income

section 7(2) of ITEPA

 
  

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)

 

25

 

estate income (in Chapter 3 of Part 10)

section 934(2)

 
 

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

 

30

 

exchange loss (in Part 7)

section 705

 
 

excluded body (in Part 7)

section 706

 
 

expenditure on an asset (in Part 8)

section 727

 
 

externally provided worker (in Part 13)

section 1128

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

804

 
 

fair value (in Parts 5 and 6)

section 313(6)

 
 

fair value (in Part 7)

section 710

 
 

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)

 

5

 

farming

section 1317

 
 

film (in Part 15)

section 1181

 
 

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)

 

10

 

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

 

15

 

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

 

20

 

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

 

25

  

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

 

30

  

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)

 

35

 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

805

 
 

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

 

5

 

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

 

10

 

group (in Part 8)

Chapter 8 of Part 8

 
 

group (in relation to companies that are

section 1004(2)

 
 

members of the same group of companies) (in

  
 

Part 12)

  
 

group accounting period (in Chapter 7 of Part 5)

section 370

 

15

 

group member (in Chapter 7 of Part 5)

section 371(1)

 
 

group plan (in Chapter 1 of Part 11)

paragraph 4(2) of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

20

 

group transfer (in Part 12)

section 1004(3)

 
 

harm (in Part 14)

section 1179

 
 

hedging relationship (in Part 7)

section 707

 
 

herd (in Chapter 8 of Part 3)

section 110(1)

 
 

herd basis election (in Chapter 8 of Part 3)

section 109(1)

 

25

 

herd basis rules (in Chapter 8 of Part 3)

section 109(2)

 
 

holding company (in Chapter 7 of Part 5)

section 371(1)

 
 

houseboat

section 1319

 
 

hybrid derivative (in Part 7)

section 584(4)

 
 

the I minus E basis

section 431(2) of ICTA

 

30

 

impairment (in Parts 5 and 6)

section 476(1)

 
 

impairment loss (in Parts 5 and 6)

section 476(1)

 
 

income

section 834(1) of ICTA

 
 

income from the film (in Chapter 2 of Part 15)

section 1190

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

806

 
 

income statement (in Parts 5 and 6)

section 476(1)

 
 

income statement (in Part 7)

section 710

 
 

the increasing value condition (in Chapter 7 of

section 527

 
 

Part 6)

  
 

insurance business transfer scheme

section 431(2) of ICTA

 

5

 

insurance company

section 431(2) of ICTA

 
 

the Insurance Prudential Sourcebook

section 431(2) of ICTA

 
 

intangible asset (in Part 8)

section 712

 
 

intangible fixed asset (in Part 7)

section 710

 
 

intangible fixed asset (in Part 8)

sections 713 and 715(1)

 

10

 

intellectual property (in Part 13)

section 1139

 
 

interest payable on a money debt (in Chapter 2

section 484(1)

 
 

of Part 6)

  
 

interest under a loan relationship (in Parts 5 and

section 305(1)

 
 

6)

  

15

 

interim accounting period (in Chapter 5 of Part

section 1212(1)

 
 

15)

  
 

interim certificate (in Chapter 5 of Part 15)

section 1212(1)

 
 

international accounting standards

section 832(1) of ICTA

 
  

and section 50(2) of FA

 

20

  

2004

 
 

international organisation (in Parts 5 and 6)

section 476(2)

 
 

the investing company (in Chapter 7 of Part 6)

section 522(3)

 
 

investment bond arrangements (in Chapter 6 of

section 501(3)

 
 

Part 6)

  

25

 

investment business of a company (in Part 16)

section 1218(3)

 
 

investment trust

section 842 of ICTA

 
 

the issuing company (in Chapter 7 of Part 6)

section 522(3)

 
 

keeping a production herd (in Chapter 8 of Part

section 109(4)

 
 

3)

  

30

 

know-how (in Chapter 13 of Part 3)

section 176(1), (2)

 
 

know-how (in Chapter 2 of Part 9)

section 908(4)

 
 

land (in Part 14)

section 1179

 
 

large company (in Part 13)

section 1122

 
 
 

Corporation Tax Bill
Schedule 4 — Index of defined expressions

807

 
 

larger SME (in Part 13)

section 1121

 
 

the later period (in Chapter 15 of Part 8)

section 871(2)

 
 

lease (in Part 4)

section 291(1)

 
 

liabilities under a loan relationship (in Part 5)

section 305(2), (3)

 
 

life assurance business

section 431(2) of ICTA

 

5

 

limited-budget film (in Part 15)

section 1184(2) and (3)

 
 

limited interest (in Chapter 3 of Part 10)

section 935(2)

 
 

linked assets

section 432ZA of ICTA

 
  

(as applied by section

 
  

431(2) of that Act)

 

10

 

listed company (in Part 12)

section 1005

 
 

loan (in Parts 5 and 6)

section 476(1)

 
 

loan relationship

section 302(1) and (2)

 
 

local authority

section 842A of ICTA

 
 

long-term business

section 431(2) of ICTA

 

15

 

long-term insurance fund

section 431(2) of ICTA

 
 

major interest (in Parts 5 and 6)

section 473

 
 

major interest (in Chapter 12 of Part 8)

section 837

 
 

manufactured interest (in Chapter 9 of Part 6)

section 539(5)

 
 

manufactured interest relationship

section 539(2)

 

20

 

market gardening

section 1317(5)

 
 

market value (in Chapter 1 of Part 11)

paragraph 92 of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

25

 

market value (in Part 12)

section 1005

 
 

matching shares (in Chapter 1 of Part 11)

paragraph 3(1) of

 
  

Schedule 2 to ITEPA

 
  

2003 (see section 984(1)

 
  

and (2) of this Act)

 

30

 

material interest (in an offshore fund) (in

section 489(3)

 
 

Chapter 3 of Part 6)

  
 

mature (in relation to female animals) (in

section 111(5)

 
 

Chapter 8 of Part 3)

  
 
 

 
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