Corporation Tax Bill

House of Commons

Session 2008 - 09
Internet Publications
Other Bills before Parliament

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)