Section 452 — Corporation Tax Act 2010: “Director”

“Director” 452 1 In this Part, “ director ”, in relation to a company, includes—

a a person occupying the position of director of the company, by whatever name called, b a person in accordance with whose directions or instructions the directors of the company are accustomed to act, and c a person within subsection (2).

2 A person (P) is within this subsection if P—

a is a manager of the company or otherwise concerned in the management of the company's trade or business, and b is—

i the beneficial owner of, or ii directly or indirectly able to control, at least 20% of the ordinary share capital of the company.

3 For the purposes of subsection (2)(b), P is treated as owning or controlling (as the case may be) what any associate of P owns or controls.