Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 1301A — Restriction of deductions for interest
Restriction of deductions for interest 1301A In calculating a company's income from any source for corporation tax purposes, no deduction is allowed for interest otherwise than under Part 5 (loan…
Section 1301B — Qualifying charitable donations
Qualifying charitable donations 1301B In calculating a company's income from any source for corporation tax purposes, no deduction is allowed in respect of qualifying charitable donations.
Section 1302 — Social security contributions
Social security contributions 1302 1 No deduction is allowed for corporation tax purposes for any contribution paid by any person under— a Part 1 of the Social Security Contributions and Benefits Act…
Section 1303 — Penalties , interest and VAT surcharges and interest
Penalties , interest and VAT surcharges and interest 1303 1 In calculating profits for any corporation tax purpose, no deduction is allowed for any penalty or interest mentioned in the first column…
Section 1304 — Crime-related payments
Crime-related payments 1304 1 In calculating income from any source for corporation tax purposes, no deduction is allowed for any expenses to which subsection (4) or (5) applies. 2 No deduction is…
Section 1305 — Dividends and other distributions
Dividends and other distributions 1305 1 In the calculation of a company's profits for corporation tax purposes, no deduction is allowed in respect of a dividend or other distribution. 2 Subsection…
Section 1305A — Avoidance schemes involving the transfer of corporate profits
Avoidance schemes involving the transfer of corporate profits 1305A 1 This section applies if— a two companies (“ A ” and “ B ”) are party to any arrangements (whether or not at the same time), b A…
Section 1305B — Avoidance schemes involving certain non-derecognition liabilities
Avoidance schemes involving certain non-derecognition liabilities 1305B 1 This section applies if— a assets (“the underlying assets”) are transferred to a relevant entity, b for accounting purposes…
Section 1306 — Losses calculated on same basis as miscellaneous income
Losses calculated on same basis as miscellaneous income 1306 1 The same rules apply for corporation tax purposes in calculating a company's miscellaneous losses as apply in calculating corresponding…
Section 1307 — Apportionment etc of miscellaneous profits and losses to accounting period
Apportionment etc of miscellaneous profits and losses to accounting period 1307 1 This section applies if— a income is chargeable to corporation tax under or by virtue of any provision to which…
Section 1308 — Expenditure brought into account in determining value of intangible asset
Expenditure brought into account in determining value of intangible asset 1308 1 Subsection (2) applies if a company— a incurs expenditure on research and development which is not of a capital…
Section 1309 — Payments treated as made to visiting performers
Payments treated as made to visiting performers 1309 1 This section applies if a payment or transfer made to a company within the charge to corporation tax is treated under section 13(5) of ITTOIA…
Section 1310 — Orders and regulations
Orders and regulations 1310 1 Any power of the Treasury or the Commissioners for Her Majesty's Revenue and Customs to make any order or regulations under this Act is exercisable by statutory…
Section 1311 — Apportionment to different periods
Apportionment to different periods 1311 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1312 — Abbreviated references to Acts
Abbreviated references to Acts 1312 In this Act— “ CAA 2001 ” means the Capital Allowances Act 2001 (c. 2), “ CTA 2010 ” means the Corporation Tax Act 2010, “ FA ”, followed by a year, means the…
Section 1313 — Activities in UK sector of continental shelf
Activities in UK sector of continental shelf 1313 1 Any profits— a from exploration or exploitation activities carried on in the UK sector of the continental shelf, or b from exploration or…
Section 1314 — Meaning of “caravan”
Meaning of “caravan” 1314 1 In this Act “ caravan ” means— a a structure designed or adapted for human habitation which is capable of being moved by being towed or being transported on a motor…
Section 1315 — Claims and elections
Claims and elections 1315 In this Act any reference to a claim or election is to a claim or election in writing.
Section 1316 — Meaning of “connected” persons and “control”
Meaning of “connected” persons and “control” 1316 1 Section 1122 of CTA 2010 (how to tell whether persons are connected) applies for the purposes of this Act unless otherwise indicated (whether…
Section 1317 — Meaning of “farming” and related expressions
Meaning of “farming” and related expressions 1317 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1318 — Meaning of grossing up
Meaning of grossing up 1318 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1319 — Other definitions
Other definitions 1319 In this Act, except where the context otherwise requires— ... ... “ credit union ” means a society registered as a credit union under the Co-operative and Community Benefit…
Section 1320 — Interpretation: Scotland
Interpretation: Scotland 1320 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 In the application of section 1284 (housing grants) and Part 1 of Schedule 2 (transitionals and…
Section 1321 — Interpretation: Northern Ireland
Interpretation: Northern Ireland 1321 In the application of section 1284 (housing grants) and Part 1 of Schedule 2 (transitionals and savings: general provisions) to Northern Ireland, “ enactment ”…
Section 1322 — Minor and consequential amendments
Minor and consequential amendments 1322 Schedule 1 (minor and consequential amendments) has effect.
Section 1323 — Power to make consequential provision
Power to make consequential provision 1323 1 The Treasury may by order make provision in consequence of this Act. 2 The power conferred by subsection (1) may not be exercised after 31 March 2012. 3…
Section 1324 — Power to undo changes
Power to undo changes 1324 1 The Treasury may by order make provision, in relation to a case in which the Treasury consider that a provision of this Act changes the effect of the law, for the purpose…
Section 1325 — Transitional provisions and savings
Transitional provisions and savings 1325 1 Schedule 2 (transitionals and savings) has effect. 2 The Treasury may by order make transitional or saving provision in connection with the coming into…
Section 1326 — Repeals and revocations
Repeals and revocations 1326 Schedule 3 (repeals and revocations, including of spent enactments) has effect.
Section 1327 — Index of defined expressions
Index of defined expressions 1327 1 Schedule 4 (index of defined expressions that apply for the purposes of this Act) has effect. 2 That Schedule lists the places where some of the expressions used…
Section 1328 — Extent
Extent 1328 1 This Act extends to England and Wales, Scotland and Northern Ireland (but see subsection (2)). 2 An amendment, repeal or revocation contained in Schedule 1 or 3 has the same extent as…
Section 1329 — Commencement
Commencement 1329 1 This Act comes into force on 1 April 2009 and has effect— a for corporation tax purposes, for accounting periods ending on or after that day, and b for income tax and capital…
Section 1330 — Short title
Short title 1330 This Act may be cited as the Corporation Tax Act 2009.