Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 357O — Introductory
Introductory 357O 1 This Chapter makes provision about amounts which are treated by section 747 of CTA 2009 (intangible fixed assets held for purposes of trade) as receipts or expenses of a trade…
Section 357OO — Assets acquired in connection with disposals of pre-commencement assets
Assets acquired in connection with disposals of pre-commencement assets 357OO 1 This section applies if— a a person disposes of an asset which— i in the case of an intangible fixed asset, is a…
Section 357UO — Restriction on use of losses before completion period
Restriction on use of losses before completion period 357UO 1 Section 1217SA of CTA 2009 (restriction on use of losses before completion period) has effect subject as follows. 2 The reference in…
Section 357YO — Duty to deduct tax from payments of restitution interest
Duty to deduct tax from payments of restitution interest 357YO 1 Subsection (2) applies if the Commissioners for Her Majesty's Revenue and Customs pay an amount of interest in relation to which…
Section 357BP — Meaning of “new qualifying IP right” and “old qualifying IP right”
Meaning of “new qualifying IP right” and “old qualifying IP right” 357BP 1 This section applies for the purposes of this Part. 2 “ New qualifying IP right ”, in relation to a company, means a…
Section 357CP — Actual marketing royalty
Actual marketing royalty 357CP 1 The actual marketing royalty in respect of a trade of a company for an accounting period is X% of the aggregate of any sums which— a were paid by the company for the…
Section 357OP — Interpretation of Chapter
Interpretation of Chapter 357OP In this Chapter— “ the commencement day ” has the meaning given by section 357OH(2); “ the Northern Ireland element ”, in relation to a realisation credit or…
Section 357P — Introduction and interpretation
Introduction and interpretation 357P 1 This Chapter makes provision about the operation of— a Chapter 1A of Part 13 (R&D expenditure credit), and b Chapter 2 of that Part (relief for loss-making,…
Section 357UP — Use of losses in the completion period
Use of losses in the completion period 357UP 1 Section 1217SB of CTA 2009 (use of losses in the completion period) has effect subject as follows. 2 The reference in subsection (1) of that section to…
Section 357YP — Treatment of amounts deducted under section 357YO
Treatment of amounts deducted under section 357YO 357YP 1 An amount deducted from an interest payment in accordance with section 357YO(2) a is treated for all purposes as paid by the company…
Section 357BQ — The modifications
The modifications 357BQ 1 The modifications of section 357BF referred to in section 357BO(1) are as follows. 2 Omit subsection (1). 3 In subsection (2)— a in Step 2— i before paragraph (a) insert— aa…
Section 357CQ — Profits arising before grant of right
Profits arising before grant of right 357CQ 1 This section applies where a company— a holds a right mentioned in paragraph (a), (b) or (c) of section 357BB(1) (rights to which this Part applies) or…
Section 357Q — Introduction and interpretation
Introduction and interpretation 357Q 1 This Chapter makes provision about the operation of Part 14 of CTA 2009 (remediation of contaminated or derelict land) in relation to expenditure incurred by a…
Section 357UQ — Terminal losses
Terminal losses 357UQ 1 Section 1217SC of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (3) of that section (election to treat…
Section 357YQ — Assessment of tax chargeable on restitution interest
Assessment of tax chargeable on restitution interest 357YQ 1 An officer of Revenue and Customs may make an assessment of the amounts in which, in the officer's opinion, a company is chargeable to…
Section 357R — Introduction and interpretation
Introduction and interpretation 357R 1 This Chapter makes provision about the operation of Part 15 of CTA 2009 (film tax relief) in relation to expenditure incurred by a company in an accounting…
Section 357UR — Introduction and interpretation
Introduction and interpretation 357UR 1 This Chapter makes provision about the operation of Part 15E of CTA 2009 (museums and galleries exhibition tax relief) in relation to expenditure incurred by a…
Section 357YR — Interest on excessive amounts withheld
Interest on excessive amounts withheld 357YR 1 If an amount deducted under section 357YO(2) in respect of an amount of interest exceeds the amount which should have been deducted, the Commissioners…
Section 357S — Introduction and interpretation
Introduction and interpretation 357S 1 This Chapter makes provision about the operation of Part 15A of CTA 2009 (television production) in relation to expenditure incurred by a company in an…
Section 357US — Northern Ireland additional deduction
Northern Ireland additional deduction 357US 1 In this Chapter “ a Northern Ireland additional deduction ” means so much of a deduction under section 1218ZCE of CTA 2009 (claim for additional…
Section 357YS — Appeal against deduction
Appeal against deduction 357YS 1 An appeal may be brought against the deduction by the Commissioners for Her Majesty's Revenue and Customs from a payment of a sum representing corporation tax in…
Section 357T — Introduction and interpretation
Introduction and interpretation 357T 1 This Chapter makes provision about the operation of Part 15B of CTA 2009 (video games development) in relation to expenditure incurred by a company in an…
Section 357UT — Northern Ireland supplementary deduction
Northern Ireland supplementary deduction 357UT 1 This section applies where— a a company is entitled under section 1218ZCE of CTA 2009 to an additional deduction in calculating the profit or loss of…
Section 357YT — Amounts taxed at restitution payments rate to be outside instalment payments regime
Amounts taxed at restitution payments rate to be outside instalment payments regime 357YT For the purposes of regulations under section 59E of TMA 1970 (further provision as to when corporation tax…
Section 357U — Introduction and interpretation
Introduction and interpretation 357U 1 This Chapter makes provision about the operation of Part 15C of CTA 2009 (theatrical productions) in relation to expenditure incurred by a company in an…
Section 357UU — Northern Ireland supplementary deduction: amount
Northern Ireland supplementary deduction: amount 357UU 1 This section contains provision for the purposes of section 357UT(2) about the amount of the Northern Ireland supplementary deduction. 2 If…
Section 357YU — Interpretation
Interpretation 357YU 1 In this Part “ court ” includes a tribunal. 2 In this Part “statutory rate” (in relation to interest) means a rate which is equal to a rate specified— a for purposes relating…
Section 357UV — Museums and galleries exhibition tax credit: Northern Ireland supplementary deduction ignored
Museums and galleries exhibition tax credit: Northern Ireland supplementary deduction ignored 357UV For the purpose of determining the available loss of a company under section 1218ZCI of CTA 2009…
Section 357V — Introductory
Introductory 357V 1 This Chapter makes provision about the operation of Part 8A (profits arising from the exploitation of patents etc ) in relation to an accounting period in which a company is a…
Section 357YV — Relationship of Part with other corporation tax provisions
Relationship of Part with other corporation tax provisions 357YV 1 So far as restitution interest is charged to corporation tax under this Part it is not chargeable to corporation tax under any other…
Section 357UW — Restriction on use of losses before completion period
Restriction on use of losses before completion period 357UW 1 Section 1218ZDA of CTA 2009 (restriction on use of losses before completion period) has effect subject as follows. 2 The reference in…
Section 357W — Introductory
Introductory 357W 1 This Chapter makes provision under which profits or losses of a trade carried on by a company as a partner in a Northern Ireland firm are— a Northern Ireland profits or losses of…
Section 357YW — Power to amend
Power to amend 357YW 1 The Treasury may by regulations amend this Part (apart from this section). 2 Regulations under this section— a may not widen the description of the type of payments that are…
Section 357UX — Use of losses in the completion period
Use of losses in the completion period 357UX 1 Section 1218ZDB of CTA 2009 (use of losses in the completion period) has effect subject as follows. 2 The reference in subsection (1) of that section to…
Section 357X — Introduction
Introduction 357X 1 This Chapter makes provision— a specifying trades that are “ excluded trades ” for the purposes of this Part (see sections 357XA to 357XE), and b specifying activities that are “…
Section 357UY — Terminal losses
Terminal losses 357UY 1 Section 1218ZDC of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (3) of that section (election to treat…
Section 358 — Introduction to Part
Introduction to Part 358 1 This Part makes provision about the taxation of leasing transactions involving companies. 2 Chapter 2 makes provision about the treatment for corporation tax purposes of…
Section 359 — Overview of Chapter
Overview of Chapter 359 1 This Chapter makes provision about the calculation for corporation tax purposes of the profits of companies which are— a lessors of plant or machinery under long funding…
Section 360 — Lessor under long funding finance lease: rental earnings
Lessor under long funding finance lease: rental earnings 360 1 This section applies for any period of account of a company in which it is the lessor of any plant or machinery under a long funding…
Section 361 — Lessor under long funding finance lease: exceptional items
Lessor under long funding finance lease: exceptional items 361 1 This section applies if— a a company is or has been the lessor under a long funding finance lease, and b an exceptional profit or loss…
Section 362 — Lessor under long funding finance lease making termination payment
Lessor under long funding finance lease making termination payment 362 1 This section applies if— a a company is or has been the lessor under a long funding finance lease, b the lease terminates, and…
Section 363 — Lessor under long funding operating lease: periodic deduction
Lessor under long funding operating lease: periodic deduction 363 1 This section applies if a company is the lessor of any plant or machinery under a long funding operating lease for the whole or…
Section 364 — “Starting value”: general
“Starting value”: general 364 1 This section is about the meaning of “starting value” in section 363 in relation to a long funding operating lease (“the section 363 lease”). 2 But this section does…
Section 365 — “Starting value” where plant or machinery originally unqualifying
“Starting value” where plant or machinery originally unqualifying 365 1 This section applies if the conditions in subsection (2) are met in relation to a long funding operating lease to which section…
Section 366 — Long funding operating lease: lessor's additional expenditure
Long funding operating lease: lessor's additional expenditure 366 1 This section applies if in any period of account— a a company is the lessor of any plant or machinery under a long funding…
Section 367 — Determination of remaining residual value resulting from lessor's first additional expenditure
Determination of remaining residual value resulting from lessor's first additional expenditure 367 1 This section sets out how the remaining residual value of the plant or machinery resulting from…
Section 368 — Determination of remaining residual value resulting from lessor's further additional expenditure
Determination of remaining residual value resulting from lessor's further additional expenditure 368 1 This section sets out how the remaining residual value of the plant or machinery resulting from…
Section 369 — Lessor under long funding operating lease: termination of lease
Lessor under long funding operating lease: termination of lease 369 1 This section applies in calculating the profits of a company for corporation tax purposes if it is the lessor immediately before…
Section 370 — Plant or machinery held as trading stock
Plant or machinery held as trading stock 370 1 Sections 360 to 369 do not apply in relation to a long funding lease in the case of a company which is or has been the lessor of any plant or machinery…
Section 371 — Adjustments where sections 360 to 369 subsequently disapplied by section 370
Adjustments where sections 360 to 369 subsequently disapplied by section 370 371 1 This section applies if— a at any time any of sections 360 to 369 has applied for determining the amounts to be…