Section 156 — Corporation Tax Act 2010: Sections 154 and 155: supplementary

Sections 154 and 155: supplementary 156 1 This section applies for the purposes of sections 154 to 155B . 2 “Arrangements”—

a means arrangements of any kind (whether or not in writing), but b does not include —

i a power of a Minister of the Crown, the Scottish Ministers or a Northern Ireland department to give directions to a statutory body as to the disposal of assets belonging to the body or to a subsidiary of the body. , or ii a condition or requirement imposed by, or agreed with, a Minister of the Crown, the Scottish Ministers, a Northern Ireland department or a statutory body. 2A In subsection (2) “ statutory body ” means a body (other than a company as defined by section 1(1) of the Companies Act 2006) established by or under a statutory provision for the purpose of carrying out functions conferred on it by or under a statutory provision, except that the Treasury may, by order, specify that a body is or is not to be a statutory body for this purpose.

3 A company is the successor of another company if it carries on a trade which, in whole or in part, the other company used to carry on and the circumstances are such that—

a Chapter 1 of Part 22 (transfers of trade without a change of ownership) applies in relation to the companies as, respectively, the successor and the predecessor within the meaning of that Chapter, or b the two companies are connected with each other in accordance with section 1122.