Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 1093 — Requirements relating to applications for clearance
Requirements relating to applications for clearance 1093 1 Any application under section 1091 or 1092— a must be in writing, and b must contain particulars of the relevant transactions. 2 The…
Section 1094 — Decision of the Commissioners or tribunal
Decision of the Commissioners or tribunal 1094 1 The Commissioners must notify their decision to the person making the application under section 1091 or 1092— a within 30 days of receiving the…
Section 1095 — Exempt distributions: returns
Exempt distributions: returns 1095 1 A company which makes an exempt distribution must make a return to an officer of Revenue and Customs. 2 The return must give details of— a the distribution, and b…
Section 1096 — Chargeable payments etc: returns
Chargeable payments etc: returns 1096 1 A person must make a return to an officer of Revenue and Customs if— a the person makes a chargeable payment within 5 years after the making of an exempt…
Section 1097 — Information about person for whom a payment is received
Information about person for whom a payment is received 1097 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1098 — Meaning of “unquoted company”
Meaning of “unquoted company” 1098 1 A company is an unquoted company for the purposes of this Chapter if none of its shares is— a listed in the Official List of the Stock Exchange, and b dealt in on…
Section 1099 — Other definitions etc
Other definitions etc 1099 1 In this Chapter— “ control ” has the same meaning as in Part 10 (see sections 450 and 451), “ group ” means a company which has one or more 75% subsidiaries together with…
Section 1100 — Certain distributions: right to request a statement
Certain distributions: right to request a statement 1100 1 If a company makes a distribution to which this section applies , the recipient is entitled to ask the company to provide a statement in…
Section 1101 — Other distributions etc: returns and information
Other distributions etc: returns and information 1101 1 If a company makes a distribution to which section 1100 does not apply , it must make a return to an officer of Revenue and Customs. 2 The…
Section 1102 — Other distributions etc: additional information
Other distributions etc: additional information 1102 1 This section— a gives officers of Revenue and Customs power to require persons to provide information for the purposes of section 1101, and b…
Section 1103 — Power to modify or replace sections 1101 and 1102
Power to modify or replace sections 1101 and 1102 1103 1 The Commissioners for Her Majesty's Revenue and Customs may by regulations modify, supplement or replace any of the provisions of sections…
Section 1104 — Company distributing dividend or interest: duty to provide tax certificates
Company distributing dividend or interest: duty to provide tax certificates 1104 1 This section applies if a distribution consisting of any dividend or interest is made by a company which is— a a…
Section 1105 — Duties of nominees
Duties of nominees 1105 1 This section applies if— a a tax certificate is received by a person under section 1104(2)(b) or (3), and b the sum concerned (or part of it)— i is paid to that person as…
Section 1106 — Meaning of “tax certificate” etc
Meaning of “tax certificate” etc 1106 1 This section gives the meaning of “bank”, “send” and “tax certificate” in sections 1104 and 1105. 2 “ Bank ” has the meaning given by section 1120. 3 “ Send ”…
Section 1107 — Penalties
Penalties 1107 1 A person who fails to comply with section 1104(2) or (3) or section 1105(2) or (3) is liable to a penalty of £60 for each offence. 2 But, in respect of offences connected with any…
Section 1108 — Alternative means of compliance with sections 1104 and 1105
Alternative means of compliance with sections 1104 and 1105 1108 1 The Commissioners for Her Majesty's Revenue and Customs may by regulations provide that a person may comply with section 1104(2) or…
Section 1109 — Tax credits for certain recipients of exempt qualifying distributions
Tax credits for certain recipients of exempt qualifying distributions 1109 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1110 — Recovery of overpaid tax credit etc
Recovery of overpaid tax credit etc 1110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1111 — Section 1110: supplementary
Section 1110: supplementary 1111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1112 — Arrangements between companies
Arrangements between companies 1112 1 This section applies if two or more companies enter into arrangements to make distributions to each other's members. 2 For the purposes mentioned in subsection…
Section 1113 — “In respect of shares”
“In respect of shares” 1113 1 In this Part “ in respect of shares in the company ”, in relation to a company which is a member of a 90% group, means in respect of shares in— a that company, or b any…
Section 1114 — “In respect of securities”
“In respect of securities” 1114 1 In this Part “ in respect of securities of the company ”, in relation to a company which is a member of a 90% group, means in respect of securities of— a that…
Section 1115 — “New consideration”
“New consideration” 1115 1 In this Part, unless the context otherwise requires— a “ new consideration ” means consideration not provided (directly or indirectly) out of assets of the company, and b…
Section 1116 — References to married persons, or civil partners, living together
References to married persons, or civil partners, living together 1116 Individuals who are married to, or are civil partners of, each other are treated for the purposes of this Part as living…
Section 1117 — Other interpretation
Other interpretation 1117 1 In this Part, except where the context otherwise requires— “ security ” includes securities not creating or evidencing a charge on assets, and “ share ” includes stock,…
Section 1118 — Introduction to Chapter
Introduction to Chapter 1118 1 This Chapter contains definitions for the purposes of the Corporation Tax Acts. 2 Section 1119 lists the definitions and either sets them out in full or indicates where…
Section 1119 — The definitions
The definitions 1119 The definitions referred to in section 1118(2) are— “ accounting date ” means the date to which a company makes up its accounts, “ accounting period ” is to be read in accordance…
Section 1120 — “Bank”
“Bank” 1120 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section. 2 “ Bank ” means— a the Bank of England, b a person who has permission…
Section 1121 — “Company”
“Company” 1121 1 In the Corporation Tax Acts “ company ” means any body corporate or unincorporated association, but does not include a partnership, a co-ownership scheme (as defined by section 235A…
Section 1122 — “Connected” persons
“Connected” persons 1122 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section (or to which this section is applied). 2 A company is…
Section 1123 — “Connected” persons: supplementary
“Connected” persons: supplementary 1123 1 In section 1122 and this section— “ company ” includes any body corporate or unincorporated association, but does not include a partnership (and see also…
Section 1124 — “Control”
“Control” 1124 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section (or to which this section is applied). 2 In relation to a body…
Section 1125 — “Farming” and related expressions
“Farming” and related expressions 1125 1 In the Corporation Tax Acts “ farming ” means the occupation of land wholly or mainly for the purposes of husbandry, but does not include market gardening…
Section 1126 — “Franked investment income”
“Franked investment income” 1126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1127 — “Generally accepted accounting practice” and related expressions
“Generally accepted accounting practice” and related expressions 1127 1 In the Corporation Tax Acts “ generally accepted accounting practice ” means UK generally accepted accounting practice. This is…
Section 1128 — “Grossing up”
“Grossing up” 1128 1 In the Corporation Tax Acts references to grossing up by reference to a rate of tax are to calculating the amount (“the grossed up amount”) which after deduction of income tax at…
Section 1129 — “Hire-purchase agreement”
“Hire-purchase agreement” 1129 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section. 2 A hire-purchase agreement is an agreement in whose…
Section 1130 — “Local authority”
“Local authority” 1130 1 In the Corporation Tax Acts “ local authority ”, in relation to England and Wales, means— a a billing authority as defined in section 1(2) of the Local Government Finance Act…
Section 1131 — “Local authority association”
“Local authority association” 1131 1 In the Corporation Tax Acts “ local authority association ” means any incorporated or unincorporated association which meets conditions A and B. 2 Condition A is…
Section 1132 — “Offshore installation”
“Offshore installation” 1132 1 In the Corporation Tax Acts “ offshore installation ” means a structure which is, is to be, or has been, put to a relevant use while in water (see subsections (3) and…
Section 1133 — Regulations about the meaning of “offshore installation”
Regulations about the meaning of “offshore installation” 1133 1 The Treasury may by regulations make provision as to the meaning of “offshore installation” in the Corporation Tax Acts. 2 The…
Section 1134 — “Oil and gas exploration and appraisal”
“Oil and gas exploration and appraisal” 1134 1 In the Corporation Tax Acts “ oil and gas exploration and appraisal ” means activities carried out for the purpose of— a searching for petroleum…
Section 1135 — “Property investment LLP”
“Property investment LLP” 1135 1 In the Corporation Tax Acts “ property investment LLP ” means a limited liability partnership— a whose business consists wholly or mainly in the making of investments…
Section 1136 — “Qualifying distribution”
“Qualifying distribution” 1136 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1137 — “Recognised stock exchange”
“Recognised stock exchange” 1137 1 In the Corporation Tax Acts “ recognised stock exchange ” means— a any market of a recognised investment exchange which is for the time being designated as a…
Section 1138 — “Research and development”
“Research and development” 1138 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section. 2 “ Research and development ” means activities that…
Section 1139 — “Tax advantage”
“Tax advantage” 1139 1 This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section. 2 “ Tax advantage ” means— a a relief from tax or increased…
Section 1140 — “Unauthorised unit trust”
“Unauthorised unit trust” 1140 1 In the Corporation Tax Acts “ unauthorised unit trust ” means a unit trust scheme which is neither an authorised unit trust nor an umbrella scheme. 2 But if a unit…
Section 1140A — Introduction
Introduction 1140A 1 This Chapter applies for the purpose of determining when a company has a permanent establishment in a territory for the purposes of the Corporation Tax Acts. 2 So far as…
Section 1141 — Permanent establishments of companies
Permanent establishments of companies 1141 1 For the purposes of the Corporation Tax Acts a company has a permanent establishment in a territory if (and only if)— a it has a fixed place of business…