Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 303 — Management expenses
Management expenses 303 No deduction under section 1219 of CTA 2009 (expenses of management of a company's investment business) is to be allowed from a company's ring fence profits.
Section 303A — Introduction to sections 303B to 303D: post-1 April 2017 non-decommissioning losses of ring fence trades
Introduction to sections 303B to 303D: post-1 April 2017 non-decommissioning losses of ring fence trades 303A 1 This section has effect for the purposes of sections 303B to 303D. 2 A loss made by a…
Section 303B — Carry forward of losses against subsequent profits
Carry forward of losses against subsequent profits 303B 1 This section applies if— a in an accounting period beginning on or after 1 April 2017 (“the loss-making period”) a company makes a…
Section 303C — Excess carried forward losses: relief against total profits
Excess carried forward losses: relief against total profits 303C 1 This section applies if— a an amount of a non-decommissioning loss made in a ring fence trade is carried forward to an accounting…
Section 303D — Further carry forward against subsequent profits of loss not fully used
Further carry forward against subsequent profits of loss not fully used 303D 1 This section applies if— a an amount of a loss made in a ring fence trade is carried forward to an accounting period…
Section 304 — Losses
Losses 304 1 Relief in respect of a loss incurred by a company may not be given under section 37 (relief for trade losses against total profits) against that company's ring fence profits except so…
Section 305 — Group relief and group relief for carried-forward losses
Group relief and group relief for carried-forward losses 305 1 On a claim for group relief made by a claimant company in relation to a surrendering company, group relief may not be allowed against…
Section 306 — Capital allowances
Capital allowances 306 1 A capital allowance may not to any extent be given effect under section 259 or 260 of CAA 2001 (special leasing) by deduction from a company's ring fence profits. 2 But…
Section 307 — Overview of Chapter
Overview of Chapter 307 1 This Chapter entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period, to a supplement in respect of— a qualifying…
Section 308 — Qualifying companies
Qualifying companies 308 1 This Chapter applies in relation to any company which— a carries on a ring fence trade, or b is engaged in any activities with a view to carrying on a ring fence trade. 2…
Section 309 — Accounting periods
Accounting periods 309 1 In this Chapter, in the case of a qualifying company— “ the commencement period ” means the accounting period in which the company sets up and commences its ring fence trade,…
Section 310 — The relevant percentage
The relevant percentage 310 1 For the purposes of this Chapter, the relevant percentage for an accounting period is 10% . 2 The Treasury may by order vary the percentage for the time being specified…
Section 311 — Limit on number etc of accounting periods for which supplement may be claimed
Limit on number etc of accounting periods for which supplement may be claimed 311 1 A company may claim supplement under this Chapter in respect of no more than 10 accounting periods. 1A In this…
Section 312 — Qualifying pre-commencement expenditure
Qualifying pre-commencement expenditure 312 1 For the purposes of this Chapter, expenditure is “qualifying pre-commencement expenditure” if it meets each of conditions A to D. 2 Condition A is that…
Section 313 — Unrelieved group ring fence profits for accounting periods
Unrelieved group ring fence profits for accounting periods 313 1 There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if— a the…
Section 314 — Taxable ring fence profits for an accounting period
Taxable ring fence profits for an accounting period 314 For the purposes of this Chapter, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits…
Section 315 — Supplement in respect of a pre-commencement accounting period
Supplement in respect of a pre-commencement accounting period 315 1 If— a a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and b the expenditure…
Section 316 — The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed 316 1 For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is…
Section 317 — Reduction in respect of disposal receipts under CAA 2001
Reduction in respect of disposal receipts under CAA 2001 317 1 This section applies in the case of the qualifying company if— a it incurs qualifying pre-commencement expenditure in respect of a ring…
Section 318 — Reduction in respect of unrelieved group ring fence profits
Reduction in respect of unrelieved group ring fence profits 318 1 This section applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period. 2 For the purpose of…
Section 318A — Adjustment of pool to remove pre-2013 expenditure after the initial 6 periods
Adjustment of pool to remove pre-2013 expenditure after the initial 6 periods 318A 1 This section applies for the purposes of determining the amount of any pre-commencement supplement on any claim…
Section 319 — The reference amount for a pre-commencement period
The reference amount for a pre-commencement period 319 For the purposes of section 315, the reference amount for a pre-commencement period is the amount in the pool at the end of the period— a after…
Section 320 — Claims for pre-commencement supplement
Claims for pre-commencement supplement 320 1 Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period. 2 Paragraph 74 of…
Section 321 — Supplement in respect of a post-commencement period
Supplement in respect of a post-commencement period 321 1 A qualifying company which incurs a ring fence loss (see section 323) in any post-commencement period may claim supplement under this section…
Section 322 — Amount of post-commencement supplement for a post-commencement period
Amount of post-commencement supplement for a post-commencement period 322 1 The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under section…
Section 323 — Ring fence losses
Ring fence losses 323 1 If— a in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and b some or all of the loss…
Section 324 — Special rule for straddling periods
Special rule for straddling periods 324 1 This section applies if the period of the loss is the deemed accounting period under section 309(3) beginning on 1 January 2006 (“the deemed accounting…
Section 325 — The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses 325 1 For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be…
Section 326 — The ring fence pool
The ring fence pool 326 1 The ring fence pool consists of— a the carried forward qualifying Schedule 19B amount (if any), b the company's ring fence losses, allocated to the pool in accordance with…
Section 327 — Reductions in respect of relief for carried-forward ring fence losses
Reductions in respect of relief for carried-forward ring fence losses 327 1 Reductions are to be made in accordance with this section in a post-commencement period if the relevant amount for the…
Section 328 — Reductions in respect of unrelieved group ring fence profits
Reductions in respect of unrelieved group ring fence profits 328 1 If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that…
Section 328A — Adjustment of pool to remove pre-2013 losses after the initial 6 periods
Adjustment of pool to remove pre-2013 losses after the initial 6 periods 328A 1 This section applies for the purposes of determining the amount of any post-commencement supplement on any claim in…
Section 329 — The reference amount for a post-commencement period
The reference amount for a post-commencement period 329 For the purposes of section 322 the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains…
Section 329A — Overview of Chapter
Overview of Chapter 329A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329B — Qualifying companies
Qualifying companies 329B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329C — Onshore and offshore oil-related activities
Onshore and offshore oil-related activities 329C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329D — Accounting periods and straddling periods
Accounting periods and straddling periods 329D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329E — The relevant percentage
The relevant percentage 329E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329F — Restrictions on accounting periods for which additional supplement may be claimed
Restrictions on accounting periods for which additional supplement may be claimed 329F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329G — Qualifying pre-commencement onshore expenditure
Qualifying pre-commencement onshore expenditure 329G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329H — Unrelieved group ring fence profits
Unrelieved group ring fence profits 329H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329I — Additional supplement in respect of a pre-commencement accounting period
Additional supplement in respect of a pre-commencement accounting period 329I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329J — The mixed pool of qualifying pre-commencement onshore expenditure and supplement previously allowed
The mixed pool of qualifying pre-commencement onshore expenditure and supplement previously allowed 329J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329K — Reduction in respect of disposal receipts under CAA 2001
Reduction in respect of disposal receipts under CAA 2001 329K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329L — Reduction in respect of unrelieved group ring fence profits
Reduction in respect of unrelieved group ring fence profits 329L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329M — The reference amount for a pre-commencement period
The reference amount for a pre-commencement period 329M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329N — Supplement in respect of post-commencement period
Supplement in respect of post-commencement period 329N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329O — Amount of post-commencement additional supplement for a post-commencement period
Amount of post-commencement additional supplement for a post-commencement period 329O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329P — Onshore ring fence losses
Onshore ring fence losses 329P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 329Q — The onshore ring fence pool
The onshore ring fence pool 329Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .