Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 951 — Part of trade treated as separate trade
Part of trade treated as separate trade 951 1 Subsection (2) applies (subject to subsection (5)) if— a a company (“ the transferor ”) ceases to carry on a trade (“trade X”) and another company (“ the…
Section 952 — Apportionment if part of trade treated as separate trade
Apportionment if part of trade treated as separate trade 952 1 If part of a trade is treated as a separate trade in accordance with section 951(2) , (4) or (8) , just and reasonable apportionments…
Section 953 — Application of Chapter to further transfers of a trade
Application of Chapter to further transfers of a trade 953 1 This section applies if— a there is a transfer of a trade (“the original transfer”) that meets the ownership condition and the tax…
Section 954 — Transfer of activities on complete cessation of trade
Transfer of activities on complete cessation of trade 954 1 This section applies (subject to section 957(1)) if— a a company (“the predecessor”) ceases to carry on a trade, b another company (“ the…
Section 955 — Transfer of activities on part cessation of trade
Transfer of activities on part cessation of trade 955 1 This section applies (subject to section 957(1)) if— a a company (“the predecessor”) ceases to carry on part of a trade, b another company (“…
Section 956 — Apportionment if part of trade treated as separate trade
Apportionment if part of trade treated as separate trade 956 1 If part of a trade is to be treated as a separate trade in accordance with section 954(6) or 955(7), just and reasonable apportionments…
Section 957 — Chapter 2: supplementary
Chapter 2: supplementary 957 1 This Chapter does not apply in cases where Chapter 1 applies. 2 In this Chapter, except in so far as the context otherwise requires— a references to a trade include an…
Section 958 — Application
Application 958 Section 960 (which provides for restrictions on the use of corporation tax relief) applies if— a a firm carries on a trade, b a company (referred to in this Chapter as “ the partner…
Section 959 — Arrangements for transfer of relief
Arrangements for transfer of relief 959 1 Arrangements are within this section if they have any of these effects. Effect 1 The partner company receives a payment in respect of the cost of its share…
Section 960 — Restrictions on use of reliefs
Restrictions on use of reliefs 960 1 The partner company's share in the firm's loss of a relevant accounting period may be deducted for the purposes of corporation tax relief only from its share in…
Section 961 — Non-trading profits and losses
Non-trading profits and losses 961 1 This section applies if— a a company is a partner in a firm, and b any profits of the firm are charged to corporation tax under or by virtue of any provision to…
Section 962 — Interpretation of Chapter
Interpretation of Chapter 962 1 In this Chapter “ arrangements ” means arrangements of any kind (whether or not in writing). 2 References in this Chapter to a firm, and to an accounting period of a…
Section 963 — Power to surrender tax refund
Power to surrender tax refund 963 1 This section enables a company— a which is a member of a group, and b to which a tax refund is due for an accounting period, to surrender the refund (or any part…
Section 964 — Effects of surrender of tax refund
Effects of surrender of tax refund 964 1 This section makes provision about the effect of the surrender under section 963 of a tax refund due for an accounting period. 2 So far as the company to…
Section 965 — Interest on tax overpaid or underpaid
Interest on tax overpaid or underpaid 965 1 This section applies if— a a company has surrendered an amount under section 963, and b there is, as a result of any of subsections (7A) to (7C) of section…
Section 966 — Payments for surrendered tax refunds
Payments for surrendered tax refunds 966 1 This section applies if— a companies give a notice under section 963(2) in pursuance of an agreement, and b the company to which the surrender is made makes…
Section 967 — Deductions from payments received by UK resident companies
Deductions from payments received by UK resident companies 967 1 Subsection (2) applies if a UK resident company receives a payment on which it bears income tax by deduction. 2 The income tax on the…
Section 968 — Deductions from payments received by non-UK resident companies
Deductions from payments received by non-UK resident companies 968 1 Subsection (2) applies if— a a non-UK resident company receives a payment on which it bears income tax by deduction, and b the…
Section 969 — Introduction to Chapter
Introduction to Chapter 969 1 This Chapter applies to the enactments relating to corporation tax so far as they make provision for or in connection with the assessment, collection and recovery of…
Section 970 — Obligations and liabilities in relation to corporation tax
Obligations and liabilities in relation to corporation tax 970 1 The obligations and liabilities of a non-UK resident company are to be treated, for the purposes of the enactments to which this…
Section 971 — Exceptions
Exceptions 971 1 An obligation or liability attaching to a non-UK resident company by reason of its having been given or served with a notice or other document does not also attach to its UK…
Section 972 — Interpretation of Chapter
Interpretation of Chapter 972 1 In this Chapter— “ enactment ” includes an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978, and “ information ”…
Section 973 — Introduction to Chapter
Introduction to Chapter 973 1 This Chapter enables unpaid corporation tax due from a non-UK resident company to be recovered from a related company. 2 See also Chapter 6 of Part 14 (recovery of…
Section 974 — Case in which this Chapter applies
Case in which this Chapter applies 974 1 This Chapter applies if— a an amount of corporation tax has been assessed on a company for an accounting period, b the whole or any part of that amount is…
Section 975 — Meaning of “the relevant period”
Meaning of “the relevant period” 975 In this Chapter “ the relevant period ”, in relation to an amount of unpaid corporation tax for an accounting period of the taxpayer company, means the period— a…
Section 976 — Meaning of “related company”
Meaning of “related company” 976 1 A company is a “related company”, for the purposes of this Chapter, if, at any time in the relevant period, it was a member— a of the same group as the taxpayer…
Section 977 — Notice requiring payment of unpaid tax
Notice requiring payment of unpaid tax 977 1 An officer of Revenue and Customs may serve a notice on a related company requiring it, within 30 days of the service of the notice, to pay— a in a case…
Section 978 — Time limit for giving notice
Time limit for giving notice 978 1 A notice under this Chapter must be served before the end of the period of 3 years beginning with the date when the liability of the taxpayer company to corporation…
Section 979 — Amount payable in consortium case
Amount payable in consortium case 979 1 In a consortium case, the amount that the related company may be required to pay by notice under this Chapter is the proportion of the unpaid tax…
Section 980 — Chapter 7: supplementary
Chapter 7: supplementary 980 1 A company that has paid an amount in pursuance of a notice under this Chapter may recover that amount from the taxpayer company. 2 A payment in pursuance of a notice…
Section 981 — Exemption for trade unions and eligible employers' associations
Exemption for trade unions and eligible employers' associations 981 1 No liability to corporation tax arises in respect of qualifying income or gains of a trade union or eligible employers'…
Section 982 — Qualifying income or gains
Qualifying income or gains 982 1 In section 981(1)— a the reference to qualifying income of a trade union or eligible employers' association is to income which is not trading income and which is…
Section 983 — Meaning of “trade union” and “eligible employers' association”
Meaning of “trade union” and “eligible employers' association” 983 1 This section applies for the purposes of sections 981 and 982. 2 “ Trade union ” means— a an organisation the name of which is…
Section 984 — Local authorities and local authority associations
Local authorities and local authority associations 984 1 A local authority in the United Kingdom is not liable to corporation tax. 2 A local authority association in the United Kingdom is not liable…
Section 985 — Health service bodies
Health service bodies 985 1 A health service body is not liable to corporation tax. 2 Subsection (1) is subject to any order made under section 987. 3 See section 986 for the meaning of “health…
Section 986 — Meaning of “health service body”
Meaning of “health service body” 986 In section 985 “ health service body ” means a body mentioned in the following table— Body Provision under which body established . . . . . . the Common Services…
Section 987 — NHS foundation trusts
NHS foundation trusts 987 1 The Treasury may by order provide that an NHS foundation trust (see the table in section 986) is liable to corporation tax in relation to a specified activity or class of…
Section 987A — Chief constables etc (England and Wales)
Chief constables etc (England and Wales) 987A The following are not liable to corporation tax— a a chief constable of a police force maintained under section 2 of the Police Act 1996; b the…
Section 987B — Education Authority of Northern Ireland
Education Authority of Northern Ireland 987B The Education Authority of Northern Ireland is not liable to corporation tax.
Section 987C — Northern Ireland Housing Executive
Northern Ireland Housing Executive 987C The Northern Ireland Housing Executive is not liable to corporation tax.
Section 988 — Issue departments of the Reserve Bank of India and the State Bank of Pakistan
Issue departments of the Reserve Bank of India and the State Bank of Pakistan 988 No liability to corporation tax arises in respect of income of the issue department of— a the Reserve Bank of India…
Section 989 — Agricultural societies
Agricultural societies 989 1 No liability to corporation tax arises in respect of profits of an agricultural society which— a arise from an exhibition or show held for the purposes of the society,…
Section 990 — UK Economic Interest Groupings and European Economic Interest Groupings
UK Economic Interest Groupings and European Economic Interest Groupings 990 1 The following rules about UK Economic Interest Groupings and European Economic Interest Groupings apply for the purposes…
Section 991 — Harbour reorganisation schemes: corporation tax
Harbour reorganisation schemes: corporation tax 991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 992 — Harbour reorganisation schemes: capital allowances etc
Harbour reorganisation schemes: capital allowances etc 992 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 993 — Harbour reorganisation schemes: chargeable gains
Harbour reorganisation schemes: chargeable gains 993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 994 — Transfer of part of trade
Transfer of part of trade 994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 995 — Interpretation of sections 991 to 994
Interpretation of sections 991 to 994 995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 996 — Use of different accounting practices within a group of companies
Use of different accounting practices within a group of companies 996 1 Subsection (2) applies if— a a company (“company A”) prepares accounts in accordance with international accounting standards, b…
Section 996A — Deductions from total profits for sporting testimonial payments and associated payments
Deductions from total profits for sporting testimonial payments and associated payments 996A 1 This section applies where a company, in any accounting period— a is the controller of a relevant event…