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Company Taxation Manual
Publication Date: 2025
Publisher: Bloomsbury Professional
Copyright: 2025 Crown
Company Taxation Manual
All aspects of company taxation.
Last update: 28th February 2025
Contents
- Close sectionCTM00200: Destination & derivation tables for CT to CTM conversion
- Close sectionCTM00210: Destination tables on conversion from CT to CTM
- CTM00211: Destination table for pages CT1-CT1765 & Preface
- CTM00212: Destination table for pages CT1800-CT2925
- CTM00213: Destination table for pages CT2990-CT3689
- CTM00214: Destination table for pages CT3800-CT4762
- CTM00215: Destination table for pages CT6000-CT9696
- CTM00216: Destination table for pages CT10000-CT11520 & Lists 1/2
- CTM00217: Destination table for pages CT12000-CT13085
- CTM00218: Destination table for pages CT13200-CT13723
- CTM00219: Destination table for pages CT13730-CT14210
- Close sectionCTM00220: Derivation tables for pages in the CTM converted from the CT
- CTM00221: Derivation table for pages CTM00500 - CTM18850
- CTM00222: Derivation table for pages CTM20000 - CTM22360
- CTM00223: Derivation table for pages CTM34000 - CTM 36890
- CTM00224: Derivation table for pages CTM40000 - CTM 49650
- CTM00225: Derivation table for pages CTM50000 - CTM 59815
- CTM00226: Derivation table for pages CTM60000 - CTM61790
- CTM00227: Derivation table for pages CTM70000 - CTM 79930
- CTM00228: Derivation table for pages CTM80000 - CTM81280
- CTM00229: Derivation table for pages CTM90000 - CTM98265
- Close sectionCTM00210: Destination tables on conversion from CT to CTM
- Close sectionCTM00500: Introductory: contents
- Close sectionCTM01000: Corporation Tax
- Close sectionCTM01100: Introduction
- CTM01105: Basis of charge to CT
- CTM01110: Definition of company profits
- CTM01120: Profits from trusts and partnerships
- CTM01130: Computation of profits
- CTM01140: Charitable donations relief: formerly charges on income
- CTM01150: Application of IT exemptions
- CTM01160: Distributions
- CTM01170: IT deducted from income received
- CTM01180: IT deduction from certain payments
- CTM01190: Close companies
- Close sectionCTM01400: Accounting periods
- CTM01405: Apportionment
- CTM01410: Commencement
- CTM01420: Commencement - special cases
- CTM01500: End
- CTM01510: Cannot exceed 12 months
- CTM01515: Companies in administration
- CTM01520: Company winding-up
- CTM01530: Two or more trades
- CTM01550: Insufficient information to determine
- CTM01560: Accounts made up to slightly varying dates
- CTM01750: Rates of tax
- CTM01800: Due date of payment
- Close sectionCTM02000: Computation of income
- CTM02010: Broad principles
- CTM02020: IT law: pre Tax Law Rewrite
- CTM02030: CTA09 and CTA10
- CTM02040: Provisions common to IT and CT
- CTM02050: Dividends and other distributions made
- CTM02060: Dividends and other distributions received
- CTM02100: Special rules - commencement and cessation of trade
- CTM02110: Special rules - grant relief in Northern Ireland
- CTM02120: Special rules - mineral rights
- CTM02130: Special rules - trades abroad charged under Case V
- CTM02140: Directors fees received by companies
- CTM02150: Directors fees received by companies - assessment
- CTM02250: Chargeable gains
- CTM02350: Capital allowances
- Close sectionCTM03500: Small profits relief
- CTM03505: Introduction
- CTM03510: Rates, limits & fractions
- CTM03520: The starting rate - financial years 2000 to 2005
- CTM03530: No associated companies - profits not exceeding the lower limit
- CTM03540: No associated companies - profits exceeding the lower limit
- CTM03550: No associated companies - accounting period less than 12 months
- CTM03560: Company with associated companies
- CTM03570: Associated company - definition
- CTM03580: Associated company - main rules of association
- CTM03590: Whether trade or business carried on - decided cases
- CTM03591: Whether trade or business carried on - business compared with trade
- CTM03592: Whether trade or business carried on - investment and holding companies
- CTM03600: Definition of augmented profits
- CTM03640: Accounting period straddling financial year - differing relevant amounts or limits
- CTM03650: Examples - summary
- CTM03653: Example 1
- CTM03654: Example 2
- CTM03655: Example 3
- CTM03670: Administrative
- CTM03710: Associated companies - detailed provisions - introduction
- CTM03730: Control by the same person or persons
- CTM03740: Attribution of rights and powers of nominees
- CTM03750: Attribution of rights and powers of associates
- CTM03755: Attribution of rights and powers of associates - guidance applying to accounting periods ending before 1/4/2011
- CTM03760: ESC C9
- CTM03765: ESC C9 - full text
- CTM03770: Substantial commercial interdependence: contents
- CTM03805: Association through a loan creditor
- CTM03810: Association by holding fixed rate preference shares
- CTM03830: Association through a trustee
- CTM03850: Risk assessment
- Close sectionCTM03900: Small profits rate: Financial year 2023 onwards
- CTM03905: Introduction
- CTM03910: Rates, limits and fractions
- CTM03915: Definition of augmented profits
- CTM03920: Associated companies: Profits not exceeding the lower limit
- CTM03925: No associated companies: Profits exceeding the lower limit: Marginal Relief
- CTM03930: No associated companies: Accounting period less than 12 months
- CTM03935: Company with associated companies
- CTM03940: Associated company definition: Introduction
- CTM03941: Associated company definition: Control by the same person or persons
- CTM03942: Associated company definition: Association by holding fixed rate preference shares
- CTM03943: Associated company definition: Association through a loan creditor
- CTM03944: Associated company definition: Association through a trustee
- CTM03945: Associated company definition: Exclusions
- CTM03948: Associated company definition: Attribution to persons of rights and powers of their partners
- CTM03949: Attribution to persons of rights and powers of their partners: commercial interdependence with companies controlled by associates
- CTM03950: Substantial commercial interdependence: financial, economic and organisational links
- CTM03951: Close investment holding companies
- CTM03955: Accounting period straddling financial year - differing relevant amounts or limits
- CTM03956: Change in number of associated companies but no change in rates or thresholds
- CTM03957: Change in number of associated companies and a change in the CT rates
- CTM03958: Change in number of associated companies and a change in the marginal relief thresholds
- Close sectionCTM04000: Trading losses - general
- CTM04005: Computation of loss
- CTM04020: Entitlement to relief
- CTM04050: Reliefs available
- CTM04100: Relief for losses carried forward - summary
- CTM04105: Losses incurred before 1 April 2017
- CTM04110: Losses incurred from 1 April 2017: amount available for carry-forward
- CTM04115: Losses incurred from 1 April 2017: carry-forward against total profits
- CTM04120: Losses incurred from 1 April 2017: carry-forward against profits of the same trade
- CTM04125: Losses incurred from 1 April 2017: subsequent periods
- CTM04130: Losses incurred from 1 April 2017: terminal losses
- CTM04135: Claims
- CTM04150: Relief for losses carried forward - finality of figures
- CTM04200: Relief for losses carried forward - companies going into partnership
- CTM04250: Relief for losses carried forward - inclusion of interest & dividends in trading income
- CTM04400: Restriction for Government investment written off
- Close sectionCTM04500: Trading losses - relief against total profits
- CTM04505: Introduction
- CTM04507: Preceding accounting periods: contents
- CTM04570: Evidence of loss
- CTM04580: Claims
- CTM04590: Late claims
- CTM04600: Restriction of relief for uncommercial trading
- CTM04610: Restriction of relief for uncommercial trading - meaning of ‘profit’
- CTM04620: Restriction of relief for uncommercial trading - meaning of ‘larger undertaking’
- CTM04630: No relief for losses of a company that carries on a trade outside the UK
- CTM04710: Restrictions for farming companies
- CTM04730: Restrictions for farming companies - commencement and cessation
- Close sectionCTM04800: CT loss reform: contents
- CTM04810: Introduction
- CTM04820: Scope
- CTM04830: Restriction
- CTM04835: Administrative requirements for the deductions allowance
- CTM04836: Template for the group allowance allocation statement
- CTM04840: Relaxation
- CTM04850: Group relief for carried-forward losses
- CTM04860: Claims
- CTM04870: Anti-avoidance
- CTM04880: Commencement and apportionment
- CTM04890: Commencement: companies affected by the corporate interest restriction
- CTM04900: Commencement: note concerning examples
- CTM04910: Commencement: example 1: company makes overall loss in the AP straddling 1 April 2017
- CTM04920: Commencement: example 2: alternative treatment of NTLRDs arising in the AP straddling 1 April 2017
- CTM04930: Commencement: example 3: company makes overall profit in the AP straddling 1 April 2017: no carried-forward losses relieved in the period
- CTM04940: Commencement: example 4: company makes overall profit in the AP straddling 1 April 2017: carried-forward losses relieved in the period
- CTM04950: Commencement: example 5: company makes overall profit in the AP straddling 1 April 2017: carried-forward losses relieved in the period and losses carried-forward from the period
- CTM04960: Commencement: example 6: company makes overall profit in the AP straddling 1 April 2017: carried-forward losses relieved in the period and group relief
- CTM04970: Commencement: example 7: company makes overall profit due to the effects of the corporate interest restriction
- Close sectionCTM05000: Restriction on relief for carried-forward losses: contents
- CTM05010: Introduction
- CTM05020: Restricted losses
- CTM05030: Overview of calculation
- CTM05040: Modified total profits
- CTM05050: Trading, non-trading profits and chargeable gains
- CTM05060: In-year reliefs
- CTM05070: Qualifying profits
- CTM05080: Relevant profits
- CTM05090: Relevant maxima
- CTM05100: Interaction with other reliefs
- CTM05110: Company has more than one trade
- CTM05120: Deductions allowance general
- CTM05130: Deductions allowance for a company not in a group
- CTM05140: Deductions allowance for a company in a group for a whole accounting period
- CTM05150: Deductions allowance for a company in a group for part of an accounting period
- CTM05160: Deductions allowance definition of a group
- CTM05170: Deductions allowance procedure for groups
- CTM05180: Deductions allowance nominated companies
- CTM05190: Group deductions allowance
- CTM05200: Group allowance allocation statement
- CTM05210: Maximum deductions allowance that can be allocated to a company
- CTM05220: Excessive group deductions allowance allocated
- CTM05230: Deductions allowance and the company tax return
- CTM05240: Example 1: company using only streamed carried-forward losses
- CTM05250: Example 2: company using streamed and relevant deductions
- CTM05260: Examples 3 and 4: companies using relevant deductions only
- CTM05270: Example 5: companies with restricted carried-forward capital losses
- CTM05280: Increase of deductions allowance in connection with onerous or impaired leases
- Close sectionCTM06000: Company reconstructions
- CTM06005: Without change in ownership - general
- CTM06010: Common ownership
- CTM06020: Tests of ownership
- CTM06030: Beneficial ownership
- CTM06060: Transfers of trade
- CTM06065: Transfers of trade: without change in ownership - terminal losses
- CTM06070: Without change in ownership - later events
- CTM06110: Without change in ownership - effects
- CTM06120: Loss streaming
- CTM06130: Apportionment of profits and losses
- CTM06200: Arrangements for transfer of leasing contracts
- CTM06210: Avoidance
- CTM06250: Relevant liabilities restriction - introduction
- CTM06260: Relevant liabilities restriction - particular aspects
- CTM06270: Relevant liabilities restriction - details
- CTM06280: Relevant liabilities restriction - examples
- CTM06290: EU Tax Merger Directive
- Close sectionCTM06300: Loss buying
- CTM06305: Introduction
- CTM06310: Identifying cases
- CTM06320: Advising taxpayers
- CTM06340: Change in ownership
- CTM06350: Groups of companies
- CTM06355: change in ultimate parent
- CTM06370: Major change in nature or conduct of a trade
- CTM06380: SP10/91
- CTM06390: Trading activities becoming small or negligible
- CTM06400: Company reconstructions
- CTM06420: Accounting period in which change of ownership occurs
- CTM06430: Capital allowances
- CTM06450: Profit-buying
- Close sectionCTM06500: Company purchase schemes
- Close sectionCTM06600: Change of ownership: Shell Companies
- Close sectionCTM06700: Loss buying: accounting periods from 1 April 2017
- CTM06705: Introduction
- CTM06710: Modification of pre-existing provisions
- CTM06715: Provisions introduced in F(No 2)A 2017
- CTM06720: Change in company ownership
- CTM06725: Change in ownership occurs mid-accounting period
- CTM06730: Five year period ends mid-accounting period
- CTM06735: Related companies and co-transferred companies
- CTM06740: Major change in the business of a transferred company
- CTM06780: Assets transferred between companies
- CTM06810: Restriction of group relief for carried-forward losses
- CTM06850: Transfer of trade
- Close sectionCTM07000: Transfer of deductions
- CTM07010: Introduction
- CTM07020: Qualifying changes
- CTM07030: Highly Likely Disallowed Deductions
- CTM07040: Motive Test
- CTM07050: loss Shifting: disallowance of deductible amounts for group relief, group relief for carried-forward losses or sideways loss relief
- CTM07060: Transfer of Profits into Newly Acquired Company with Available Deductions
- Close sectionCTM07500: Loss refresh / tax avoidance involving carried forward losses
- CTM07505: Overview
- CTM07510: Loss refreshing
- CTM07515: Relevant carried-forward losses
- CTM07520: Conditions for the rule to apply
- CTM07525: Identifying the tax arrangements
- CTM07530: Deductible amounts
- CTM07535: Tax value and non-tax value
- CTM07540: Effect where the rules apply
- CTM07545: Commencement and apportionment
- CTM07550: Example arrangements
- Close sectionCTM07900: Targeted anti-avoidance rule: contents
- Close sectionCTM08000: Management expenses
- CTM08005: Introduction
- CTM08020: Investment company - status
- CTM08030: Investment company - principal part of income
- CTM08040: Investment company - with investment business
- CTM08050: Investment company - business of making investments - case law
- CTM08060: Company status - parent or holding companies
- CTM08070: Company status - cessation of trade
- CTM08080: Company status - liquidation
- CTM08090: Company status - housing associations
- CTM08100: Company status - investment funds
- CTM08110: Company status - Development Corporations
- CTM08150: General
- CTM08160: General - case law
- CTM08170: Wholly and exclusively
- CTM08180: Groups
- CTM08190: Changing investments - general test
- CTM08200: Take-over bid defence costs
- CTM08210: Avoidance and Unallowable Purpose - General
- CTM08215: Unallowable Purpose
- CTM08220: Unallowable purpose - business or commercial purpose test
- CTM08225: Unallowable Purpose - activities within the charge to tax
- CTM08230: Targeted Anti_Avoidance Provision - introduction and commencement
- CTM08232: Targeted Anti-Avoidance Regulations (TAAR) - General
- CTM08234: TAAR - Purpose
- CTM08235: TAAR - examples of arrangements caught
- CTM08236: TAAR - arrangements
- CTM08238: TAAR - tax advantage
- CTM08239: TAAR - outlying provisions
- CTM08240: Capital v revenue
- CTM08250: Capital exclusion - periods starting on or after 1 April 2004
- CTM08260: Capital exclusion - acquisitions and disposals - periods starting on or after 1 April 2004
- CTM08300: Raising finance
- CTM08310: Short interest
- CTM08320: Insurance premiums
- CTM08330: Directors' remuneration
- CTM08340: Pension contributions: contents
- CTM08360: Employees' relocation expenses
- CTM08370: Employees seconded to charities
- CTM08380: Charity agencies payroll giving scheme
- CTM08390: Employee share schemes costs
- CTM08400: Redundancy payments
- CTM08410: Administrative costs
- CTM08420: Valuations
- CTM08430: Statutory provisions
- CTM08440: property business
- CTM08450: Capital allowances on machinery and plant
- CTM08455: Capital allowances on structures and buildings
- CTM08460: Restrictive covenants
- CTM08470: Timing of deduction of emoluments
- CTM08550: Meaning of ‘disbursed’
- CTM08560: Timing of relief - periods starting on or after 1 April 2004
- CTM08570: Reversals
- CTM08580: Method of relief and computation
- CTM08600: Appeals
- CTM08610: Order of set-off
- CTM08620: Carry forward and group relief of excess expenses
- Close sectionCTM08700: Change of ownership - companies with investment business
- CTM08710: Introduction
- CTM08720: Conditions
- CTM08750: Significant increase in capital
- CTM08770: During an accounting period (S677)
- CTM08780: Excess over profits
- CTM08800: Apportionment of ‘amounts in issue’
- CTM08850: Restriction for accounting periods ending on or after 1 April 1996 (S677)
- CTM08880: Chargeable gain on disposal of asset acquired from another member of the group
- CTM08900: During an accounting period (S692)
- CTM08910: Apportionment between notional accounting periods
- CTM08930: Restriction for accounting periods ending on or after 1 April 1996 (S692)
- Close sectionCTM09000: Charitable donations relief
- Close sectionCTM09500: Relief for expenditure on grassroots sport - CTA10/PART6A
- Close sectionCTM01100: Introduction
- CTM14000: Non-corporate distribution rate
- Close sectionCTM15000: Distributions
- Close sectionCTM15100: General
- CTM15120: Introduction
- CTM15130: Explanation of terms
- CTM15140: New consideration
- CTM15150: Tax consequences
- CTM15200: Dividends and tax law
- CTM15205: Dividends, distributions and company law
- CTM15210: Preference share lending
- CTM15250: Transfer of assets and liabilities by/to members
- CTM15260: Issue of shares at par
- CTM15270: Dividend waivers and application of the settlements legislation
- CTM15280: Transfers not at market value - other tax implications
- CTM15290: Transfers not at market value - to member who is an employee/director
- CTM15295: Inadvertent distribution
- CTM15300: Disapplication of the distribution provisions
- CTM15310: Transfers between companies within the charge to CT
- CTM15330: Valuations
- CTM15340: LEAs, LECs & TECs
- CTM15350: Out of assets in respect of shares
- CTM15400: Repayment of share capital - bonus issues
- CTM15410: Repayment of share capital - bonus issues - exceptions
- CTM15420: Repayment of share capital - bonus issues - after repayment
- CTM15430: Repayment of preference shares
- CTM15440: Repayment of share capital: share capital/share premium reduction
- CTM15450: Bonus issues of securities or redeemable shares
- CTM15500: Interest or other value in respect of securities - introduction
- CTM15501: Interest or other value in respect of securities - principal secured
- CTM15502: Interest or other value in respect of securities - reasonable commercial return
- CTM15503: Interest or other value in respect of securities - which reflects return on issuer's own shares or those of associated companies
- CTM15504: Interest or other value in respect of securities - hedging arrangements
- CTM15505: Interest or other value in respect of securities - reasonable commercial return - examples
- CTM15515: Securities within CTA 2010, s 1000 (1) E and F
- CTM15520: Securities within CTA 2010, s 1000 (1) F
- CTM15525: Ratchet loans
- CTM15530: Exclusion of certain interest or other amounts
- CTM15540: Unincorporated associations
- CTM15550: Companies not carrying on a business
- CTM15560: Reciprocal arrangements
- CTM15570: Notification of likely higher rate liability
- Close sectionCTM15900: Non-qualifying distributions
- Close sectionCTM16000: Impact on Corporation Tax
- Close sectionDistributions received and franked investment income
- Close sectionFranked investment income under the ACT system (abolished from 6 April 1999)
- CTM16130: Franked investment income - use of
- CTM16200: Franked investment income - surplus - claims under ICTA 1988, s 242
- CTM16210: Franked investment income - surplus - claims under ICTA 1988, s 242 - computation
- CTM16215: Franked investment income - surplus - claims under ICTA 1988, s 242 - change in rate of tax credit
- CTM16220: Franked investment income - surplus - claims under ICTA 1988, s 242 - purposes of claim
- CTM16230: Franked investment income - surplus - claims under ICTA 1988, s 242 - relief for less than a complete accounting period
- CTM16240: Franked investment income - surplus - claims under ICTA 1988, s 242 - order of set-off
- CTM16250: Effect of later payments of ACT - restoration of losses
- Close sectionCTM17000: Stock dividends
- Close sectionCTM17200: Demergers
- Close sectionCTM17500: Purchase of own shares
- CTM17505: Introduction
- CTM17507: Quoted and unquoted companies
- CTM17510: Application of the distributions legislation
- CTM17520: Shares Issued at a premium
- CTM17530: Previous bonus issue
- CTM17540: Later bonus issue
- CTM17550: Repeat bonus issues
- CTM17560: Quoted shares
- CTM17570: Special treatment for unquoted companies
- CTM17580: Return of payment
- CTM17590: Scheme or arrangement
- CTM17600: Legal costs
- CTM17630: From a dealer
- CTM17640: Treatment of purchase price in hands of dealer
- CTM17650: Redemption of certain preference shares held by a dealer
- Close sectionCTM15100: General
- Close sectionCTM18000: Shadow ACT
- CTM18200: Set-off of ACT - accounting periods ending on or before 5 April 1999
- CTM18210: Set-off of ACT - accounting periods beginning before and ending after 5 April 1999
- CTM18220: Set-off of ACT - accounting periods beginning on or after 6 April 1999
- CTM18230: Unrelieved surplus ACT
- CTM18250: Outline of the scheme
- CTM18260: Companies to which the regulations apply
- CTM18300: Definition of a group
- CTM18320: Definition of parent and subsidiary companies
- CTM18350: Definition of a group - additional tests for 51% subsidiaries
- CTM18360: Definition of a group - additional tests for parent companies
- CTM18370: Definition of a group - arrangements
- CTM18400: Accounting periods to which the Regulations apply - company not a member of a group - immediate opt out
- CTM18420: Accounting periods to which the Regulations apply - company not a member of a group - no immediate opt out
- CTM18430: Accounting periods to which the Regulations apply - company not a member of a group - unrelieved surplus ACT available for set off exhausted
- CTM18450: Accounting periods to which the Regulations apply - company not a member of a group - later opt out
- CTM18470: Accounting periods to which the Regulations apply - group members
- CTM18480: Accounting periods to which the Regulations apply - group members - immediate opt out
- CTM18500: Accounting periods to which the Regulations apply - group members - unrelieved surplus ACT available for set off exhausted
- CTM18510: Accounting periods to which the Regulations apply - group members - later opt out
- CTM18550: Computation of - introduction
- CTM18570: Computation of - subsidiary with election under Regulation 11 (3)
- CTM18580: Computation of - surplus franked investment income
- CTM18590: Computation of - distributions outside an accounting period
- CTM18600: Computation of - company ceasing to be a member of a group
- CTM18650: Utilisation of - overview
- CTM18670: Utilisation of - Double Taxation Relief
- CTM18680: Utilisation of - carry back
- CTM18700: Utilisation of - allocation of surplus within groups
- CTM18710: Utilisation of - companies leaving and joining a group
- CTM18720: Unrelieved surplus - set-off
- CTM18730: Unrelieved surplus - restriction on set-off of arising as the result of a surrender
- CTM18750: Unrelieved surplus - ACT buying
- CTM18760: Unrelieved surplus - change of ownership of company
- CTM18770: Unrelieved surplus - asset transferred after change in ownership of company
- CTM18800: Unrelieved surplus - recovery of ACT wrongly set off
- CTM18810: Unrelieved surplus - displacement of
- CTM18850: Controlled foreign companies liabilities
- Close sectionCTM20000: Advance Corporation Tax (ACT)
- Close sectionCTM20050: General
- CTM20055: Distributions
- CTM20060: Franked payments
- CTM20065: Rate of ACT
- CTM20070: Qualifying and non-qualifying distributions
- CTM20075: Bonus issue of securities or redeemable shares
- CTM20080: Bonus issue of shares - repayment of share capital
- CTM20085: Repayment of shares and securities
- CTM20090: Ultra vires dividends
- CTM20095: Notes on company law aspects of dividends
- Close sectionCTM20100: Set off against CT on profit
- CTM20105: Introduction
- CTM20110: Double taxation relief
- CTM20120: Amount available
- CTM20140: Definitions
- CTM20150: Maximum
- CTM20160: Surplus ACT
- CTM20170: Surplus ACT carry back
- CTM20180: When a claim could be made
- CTM20190: Form of claim
- CTM20200: Withdrawal or variation of claims
- CTM20210: Repayment from carry-back of surplus
- CTM20220: Interest advantage pre pay and file
- CTM20230: Not creating surplus ACT
- CTM20240: Time limit
- CTM20250: Carry-forward surplus ACT
- CTM20260: Excessive set-off
- CTM20300: Capacity buying - introduction
- CTM20310: Capacity buying - conditions
- CTM20320: Capacity buying - meaning of ‘major change’
- CTM20330: Capacity buying - effect of applying rules
- Close sectionCTM20500: Tax credit & FA93
- CTM20505: Background
- CTM20510: Summary of main changes
- CTM20515: Reason for the changes
- CTM20520: Effects of main changes
- CTM20525: Rate at which ACT is payable
- CTM20530: Rate of tax credit
- CTM20535: Claims under ICTA 1988, s 242 & ICTA 1988, s 243
- CTM20540: Franked investment income - as upper limit
- CTM20545: Franked investment income - used to frank payments
- CTM20550: Franked investment income - small companies relief and mutual concerns
- CTM20555: Stock dividends - IT treated as paid
- CTM20560: Loan released or written off
- CTM20565: Non-qualifying distributions etc
- CTM20570: FID
- Close sectionCTM21000: FID - general
- CTM21005: Background
- CTM21010: Overview
- CTM21100: Election - effect of
- CTM21110: Election - conditions
- CTM21120: Election - ICTA 1988, s 247 (1) election already in place
- CTM21130: Election - procedure for
- CTM21150: Election - specific rules
- CTM21160: Election - individuals
- CTM21170: Election - personal representatives
- CTM21180: Election - trustees
- CTM21200: Election - dividend vouchers
- CTM21210: Election - information powers
- CTM21220: Excess FID
- CTM21230: Authorised unit trusts
- CTM21240: Repayment interest
- CTM21250: Accounting procedures
- CTM21260: Anti-streaming provisions
- CTM21270: How legislation operated in practice - summary
- CTM21280: How legislation operated in practice - examples
- Close sectionCTM21300: FID - foreign profits
- Close sectionCTM21400: FID - repayment or set off of ACT
- Close sectionCTM21500: FID - international headquarters companies
- Close sectionCTM22000: Collection
- CTM22010: Introduction
- CTM22050: Return periods
- CTM22060: Contents of returns
- CTM22070: Date payable
- CTM22080: Franked investment income received in a later return period
- CTM22085: FID received in later return period
- CTM22090: Claims
- CTM22100: Franked payments which are not money payments
- CTM22110: Payments of an uncertain nature
- CTM22150: Items included in error
- CTM22160: Franked payments not made in an accounting period
- CTM22170: Franked payments or FID paid not returned
- CTM22180: ACT not paid
- CTM22190: Composite assessments
- CTM22200: Time limits
- CTM22210: Appeals
- CTM22220: Due and payable date - assessments
- CTM22250: Changes in rate of ACT
- CTM22260: Amount of set-off - different rates
- CTM22270: Calculations
- CTM22280: Effect of the provisions
- CTM22350: International headquarters companies - general
- CTM22360: International headquarters companies - assessments
- Close sectionCTM20050: General
- Close sectionCTM34000: Residence
- Close sectionCTM34050: Inward company migration
- Close sectionCTM34100: Outward company or permanent establishment migration
- CTM34110: Before 15 March 1988
- CTM34120: From 15 March 1988
- CTM34130: Liabilities arising: introduction
- CTM34131: Liabilities arising: deferral of exit charges: background
- CTM34132: Liabilities arising: deferral of exit charges: eligible companies and conditions
- CTM34133: Liabilities arising: deferral of exit charges: exit charge payment plan: general
- CTM34134: Liabilities arising: deferral of exit charges: exit charge payment plan: instalment method
- CTM34135: Liabilities arising: deferral of exit charges: exit charge payment plan: realisation method: outline
- CTM34136: Liabilities arising: deferral of exit charges: exit charge payment plan: realisation method: tax deferral and annual reports
- CTM34137: Liabilities arising: deferral of exit charges: exit charge payment plan: action in HMRC offices: technical issues
- CTM34138: Liabilities arising: deferral of exit charges: exit charge payment plan: action in HMRC offices: other issues
- CTM34139: Liabilities arising: deferral of exit charges: exit charge payment plan: action in HMRC offices: on and following acceptance of claim
- CTM34140: Ceasing residence for double taxation agreement purposes
- CTM34160: Notice and arrangements
- CTM34170: HMRC office action
- CTM34180: Penalties for non-compliance
- CTM34190: Recovery of tax from other persons
- CTM34195: Guidance notes for migrating companies
- Close sectionCTM34200: Non-resident companies
- CTM34210: Liability to CT
- CTM34220: Liability to IT
- CTM34230: Differences in treatment compared with resident companies
- CTM34240: ‘Charges paid’ - relief for annual payments and patent royalties
- CTM34250: ‘Charges received’: income from which income tax has been deducted
- CTM34260: Securities in respect of which distributions may arise
- CTM34270: Distributions received
- CTM34300: Avoidance transactions
- Close sectionCTM34500: Dual resident companies
- CTM34505: Introduction
- CTM34510: Legislation
- CTM34530: Definition
- CTM34560: Definition - investing company
- CTM34590: Advice from Head Office
- CTM34600: Anti-avoidance - limitation of group relief
- CTM34610: Anti-avoidance - limitation of loss relief
- CTM34620: Anti-avoidance - limitation of other reliefs
- CTM34700: Accounting periods straddling 1 April 1987
- CTM34710: Apportionment of losses: accounting periods straddling 1 April 1987
- CTM34720: Anti-forestalling provisions
- CTM34730: Early payment of charges on income
- CTM34740: Early payment of interest
- CTM34750: Board's direction
- CTM34760: Group reorganisations
- CTM34770: Reports to Business International
- Close sectionCTM35000: Income Tax
- CTM35050: Accounting for tax deducted from yearly interest etc
- Close sectionCTM35100: Collection of tax on annual payments
- CTM35105: Introduction
- CTM35110: Return periods
- CTM35115: Contents of returns
- CTM35120: Date tax payable
- CTM35125: Set off of tax suffered by deduction
- CTM35130: Amended return where company becomes aware of an error
- CTM35135: Items included in error
- CTM35140: Payment made otherwise than in an accounting period
- CTM35145: Relevant payments not returned
- CTM35150: Unpaid tax
- CTM35155: Composite assessments
- CTM35160: Time limits
- CTM35165: Appeals
- CTM35170: Due and payable date on assessments
- Close sectionCTM35200: Deduction of tax
- CTM35205: Introduction
- CTM35210: Payments made before 1 April 2001
- CTM35215: Payments made on or after 1 April 2001
- CTM35218: Eurobonds and deduction of tax
- CTM35220: Income received net
- CTM35250: Conditions for a set-off claim under ITA 2007, s 952 (formerly ICTA 1988, Sch 16 para 5)
- CTM35270: Royalties paid overseas
- Close sectionCTM36000: Particular topics
- Close sectionCTM36100: Company winding up etc
- CTM36105: Introduction
- CTM36110: Unincorporated associations
- CTM36115: Profits chargeable
- CTM36120: Accounting periods
- CTM36125: Beneficial ownership of shares
- CTM36130: Distributions
- CTM36135: Responsibility of Officer
- CTM36140: Procedure
- CTM36145: Review office
- CTM36150: Investment of surplus funds by the Department of for Business, Innovation and Skills
- CTM36155: Transfer of business
- CTM36160: Assessments under appeal or enquiry
- CTM36180: Receiver appointed on behalf of debenture holders
- CTM36185: Administrative receivership cases
- CTM36190: Schemes of arrangement
- Close sectionCTM36200: Company dissolution
- Close sectionCTM36300: Company winding up TAAR
- CTM36305: Targeted anti-avoidance rule (TAAR)
- CTM36310: Condition A
- CTM36315: Condition B
- CTM36320: Condition C: introduction
- CTM36325: Condition C: ‘similar to’
- CTM36330: Condition C: ‘involved with’
- CTM36335: Condition C: ‘connected with
- CTM36340: Condition D
- CTM36345: Exclusions
- CTM36350: Requests for clearance
- Close sectionCTM36500: Companies in partnership
- CTM36505: Introduction
- CTM36510: Computation of profits and losses
- CTM36520: Different classes of partner
- CTM36530: Loan relationships etc
- CTM36540: Interest paid etc
- CTM36550: Limited and limited liability partnerships
- CTM36560: Investment partnerships
- CTM36570: Investment partnerships - procedures for
- CTM36580: British Venture Capital Association statement and guidelines
- CTM36590: Transfer of relief between companies and partnerships
- Close sectionCTM36600: Rent factoring
- Close sectionCTM36700: Dividend stripping
- Close sectionCTM36800: Transactions in securities
- CTM36805: Introduction
- CTM36806: Persons affected
- CTM36810: Definitions
- CTM36815: Income tax advantage
- CTM36820: ‘Circumstances’ and relevant consideration
- CTM36822: Condition A
- CTM36823: Condition B
- CTM36825: Personal representatives
- CTM36830: Excluded circumstance
- CTM36835: Corporation Tax advantage
- CTM36840: Clearances
- CTM36841: Application
- CTM36845: Response to a clearance application
- CTM36850: Examples of common circumstances where clearance will be given: examples
- CTM36851: Examples
- CTM36860: Clearance: internal communications
- CTM36865: Counteraction: introduction
- CTM36875: Identification of cases
- CTM36880: Submissions to Clearance & Counteraction Team
- CTM36900: Transactions between dealing and non-dealing associated companies
- Close sectionCTM36100: Company winding up etc
- Close sectionCTM40000: Particular bodies
- Close sectionCTM40050: Charities
- Close sectionCTM40100: Clubs
- CTM40105: Introduction
- CTM40110: Incorporated under Industrial & Provident Societies Acts
- CTM40115: Incorporated as companies
- CTM40120: Incorporated as companies - dividends not paid
- CTM40125: Incorporated as companies - dividends paid
- CTM40130: Associate members, visitors' fees, etc
- CTM40135: Machine commissions
- CTM40140: Community Associations
- CTM40141: Sports clubs
- CTM40145: Community Interest Companies
- Close sectionCTM40150: Credit unions
- CTM40200: Farming
- Close sectionCTM40300: Friendly societies
- CTM40305: Introduction
- CTM40310: Meaning of friendly society
- CTM40315: General scheme of taxation
- CTM40320: Business categories
- CTM40325: Exemption for life or endowment business
- CTM40330: Pension business
- CTM40335: Exemption for ‘other business’
- CTM40340: Repayment claims
- CTM40345: Partnership societies
- Close sectionCTM40350: Health service bodies
- Close sectionCTM40400: Housing associations
- CTM40405: Introduction
- CTM40410: Summary of tax treatment
- CTM40415: Co-operatives - background
- CTM40420: Co-operatives - nature of relief and claim
- CTM40425: Co-operatives - approval
- CTM40430: Co-operatives - interest paid
- CTM40435: Co-operatives - unlet properties
- CTM40440: Co-operatives - disqualifying letting
- CTM40445: Co-operatives - death of a member
- CTM40450: Housing Act tax relief grants
- CTM40460: Charity aspects
- CTM40465: Management co-operatives
- CTM40470: Self-build societies
- Close sectionCTM40500: Registered societies
- CTM40505: General
- CTM40507: Background and types of society
- CTM40510: Claims for exemption
- CTM40513: Payments not distributions
- CTM40515: Carrying on trade - dividends etc (‘divi’)
- CTM40520: Share and loan interest paid: the society
- CTM40525: Returns of gross payments
- CTM40530: Payment of share and loan interest and other payments: treatment of recipient
- CTM40535: Accounting periods of retail co-operatives
- CTM40540: Relief for losses carried forward
- CTM40545: Assets transferred to another society
- CTM40550: Conversion to a Companies Act company and vice versa
- CTM40555: Financial compensation
- CTM40560: Carrying on trade - collective assurances
- CTM40565: Carrying on trade - allowable deductions
- CTM40570: Share and loan interest paid by non-trading societies
- CTM40575: Allotment and garden societies
- CTM40580: Agricultural and fishing co-operatives treated as registered societies
- CTM40600: Insurance companies
- CTM40650: Investment clubs
- CTM40700: Investment trusts
- CTM40750: Lloyd's underwriting agents
- Close sectionCTM40800: Loan & money societies
- Close sectionCTM40850: Local authorities
- CTM40900: Marketing boards
- Close sectionCTM40950: Mutual concerns
- CTM41000: Oil and gas companies
- CTM41020: Public bodies
- CTM41050: Retirement benefit schemes
- CTM41100: Scientific research associations
- CTM41110: Sports testimonials or benefit committees
- CTM41150: Trade organisations
- Close sectionCTM41200: Trade associations
- Close sectionCTM41250: Trade unions and eligible employers' associations
- Close sectionCTM41300: Unincorporated associations
- Close sectionCTM41350: Pharmaceutical cases
- CTM48000: Authorised investment funds (AIFs)
- Close sectionCTM48800: Property authorised investment funds (Property AIFs)
- Close sectionCTM48900: Tax elected funds (TEFs)
- CTM48910: Introduction and conditions of membership for the regime: contents
- CTM48920: Application process and effects of entry to the TEF regime: contents
- CTM48930: Tax treatment and distributions made by TEFs: contents
- CTM48940: Tax treatment of distributions in the hands of participants: contents
- CTM48950: Provisions for providing tax information to participants: contents
- CTM48960: Breaches of conditions: contents
- CTM48970: Leaving the TEF regime: contents
- Close sectionCTM48900: Tax elected funds (TEFs)
- Close sectionCTM49000: Building societies
- CTM49100: General
- Close sectionCTM49300: Deduction of Income Tax
- CTM49360: Main features
- CTM49365: Return periods
- CTM49370: Deduction of income tax from interest on marketable securities
- CTM49380: Deduction of income tax from interest on marketable securities - return periods
- CTM49390: Deduction of income tax from annuities or other annual payments - return periods
- Close sectionCTM49400: Application of Corporation Tax
- CTM49405: Scope
- CTM49415: How profits arise
- CTM49420: Loan relationships
- CTM49426: Other investments
- CTM49428: Interest received taxed
- CTM49430: Income from property
- CTM49440: Rents payable
- CTM49450: Profits on mortgaged properties sold
- CTM49475: Terminal bonus payments
- CTM49480: Permanent interest-bearing shares
- CTM49485: Permanent interest-bearing shares - incidental costs
- CTM49500: Subscriptions
- CTM49510: Impairment losses
- CTM49520: Capital allowances and charges
- CTM49560: Losses
- CTM49570: Capital gains
- CTM49620: Mergers
- CTM49630: Mergers - bonus payments
- CTM49640: Conversion into plc
- CTM50000: Loan relationships
- Close sectionCTM60000: Close companies
- Close sectionCTM60050: General
- Close sectionCTM60100: Tests
- CTM60102: Introduction
- CTM60105: Specific exceptions
- CTM60107: Participator
- CTM60110: Participator - extended meaning of
- CTM60120: Entitled to acquire or secure
- CTM60130: Loan creditor
- CTM60140: Rights and powers of certain other persons
- CTM60150: Associates
- CTM60160: Having a share or interest in
- CTM60170: Trustees, executors, etc
- CTM60180: Definition of director
- CTM60200: Control - of a company
- CTM60210: Control - definition
- CTM60220: Control - over the company's affairs
- CTM60230: Control - right to receive most assets
- CTM60240: Control - summary
- CTM60250: Control - in multiple
- CTM60260: Control - exceptions
- CTM60270: Control - by the Crown
- CTM60280: Control - overseas governments and local authorities
- CTM60290: Control - by another company
- CTM60300: Open company loan creditor
- CTM60310: 35% or more voting power held by public
- CTM60320: Rights in a winding-up
- CTM60400: Information regarding share holding
- CTM60420: Examples
- Close sectionCTM60500: Extended meaning of distribution
- CTM60510: Introduction
- CTM60520: Profits chargeable to CT
- CTM60530: Notifying office dealing with participators affairs
- CTM60550: Valuation of benefits
- CTM60600: Benefits to directors and employees
- CTM60610: Groups
- CTM60620: Companies acting in concert
- CTM60660: Payments to participators
- CTM60670: Payments to participators - excessive amounts
- CTM60680: IT and ACT
- CTM60690: Benefits for exempt or lower tax rate participators
- Close sectionCTM60700: Close investment holding companies
- Close sectionCTM61000: Capital payments to settlors
- CTM61050: Introduction
- CTM61060: Interposition between settlor and trustee
- CTM61070: Assessable as income
- CTM61080: Loans or repayment of a loan
- CTM61090: Temporary loans
- CTM61100: Loans paid directly or indirectly
- CTM61120: Associated payments
- CTM61130: Interaction withICTA 1988, s 419 &ICTA 1988, s 421
- CTM61150: Available income
- Close sectionCTM61500: Close companies: loans to participators and arrangements conferring benefit on participator
- CTM61505: General
- CTM61510: Charging provisions
- CTM61515: Meaning of ‘relevant person’
- CTM61520: Partnerships
- CTM61525: Loans to trusts
- CTM61530: Business of lending money
- CTM61535: Extended meaning of loan - debt
- CTM61537: Unpaid share capital
- CTM61540: Exclusion of certain loans
- CTM61545: Material interest
- CTM61550: Indirect loans
- CTM61555: Indirect loans - total income
- CTM61558: liquidations/dissolutions: general
- CTM61559: Members Voluntary Liquidations (MVL)
- CTM61560: Insolvent liquidations and dissolutions
- CTM61561: Company insolvent and loan irrecoverable
- CTM61565: Aggregating accounts
- CTM61570: TAAR - general
- CTM61575: TAAR - tax avoidance arrangements
- CTM61580: TAAR - conferring benefit
- CTM61585: TAAR - partnerships
- CTM61600: Repayment of - general
- CTM61602: Repayment of - repayment actually made?
- CTM61604: Repayment of - transfers of assets
- CTM61605: Repayment of - assignment/novation
- CTM61610: Repayment of - date relief is due
- CTM61615: Bed and Breakfasting - general
- CTM61620: Bed and Breakfasting - before 20 March 2013
- CTM61625: Bed and Breakfasting - on or after 20 March 2013
- CTM61630: Bed and Breakfasting - 30 day rule
- CTM61635: Bed and Breakfasting - arrangements rule
- CTM61640: Bed and Breakfasting - repeated repayments/loans
- CTM61642: Bed and Breakfasting - exclusions
- CTM61645: Bed and Breakfasting - flowchart
- CTM61646: Bed and Breakfasting - table
- CTM61650: Repayment of - how relief is given
- CTM61655: Release or writing-off of loan or advance
- CTM61657: Release or writing-off while temporarily non-resident
- CTM61660: Release or writing-off of loan or advance - Class 1 NIC
- CTM61665: Death of recipient
- CTM61670: Termination of a trust
- CTM61700: By controlled companies
- CTM61710: Companies controlled by a close company
- CTM61720: Acquisition of control of company
- CTM61730: Two or more close companies
- CTM61740: Arrangements not caught
- CTM61750: Treating loan as made by another company
- CTM61760: Referrals - unusual schemes
- CTM61790: Assessments
- CTM70000: Exchange differences and financial instruments
- Close sectionCTM80000: Groups & consortia
- Close sectionCTM80050: Group income
- CTM80055: Avoidance of the distributions legislation
- CTM80060: Transfers of assets or liabilities
- CTM80070: Election to pay dividends without accounting for ACT
- CTM80075: Retrospective ICTA 1988, s 247 (3) notice
- CTM80080: Election to pay charges or loan relationship interest without accounting for IT
- CTM80085: Elections
- CTM80090: Recovery of ACT or IT
- Close sectionCTM80100: Group relief
- CTM80105: Structural outline
- CTM80110: What can be transferred between group members?
- CTM80115: Meaning of trading loss
- CTM80120: Meaning of excess capital allowances
- CTM80125: Meaning of deficits on non-trading loan relationships
- CTM80130: Meaning of qualifying charitable donations
- CTM80135: Meaning of UK property business loss
- CTM80140: Meaning of excess management expenses
- CTM80141: Meaning of non-trading losses on intangible fixed assets
- CTM80142: Special rules that apply to “relevant amounts”
- CTM80143: Order of relief for amounts which can be surrendered
- CTM80145: Claims for relief
- CTM80150: Which companies may claim and surrender group relief?
- CTM80151: The group relationship
- CTM80152: Group relief and partnerships
- CTM80155: Shareholding rule plus the entitlement to profits/assets tests
- CTM80160: Applying the entitlement to profits/assets tests
- CTM80165: Overview of the arrangements rules
- CTM80170: Arrangements, effect 1
- CTM80175: Arrangements, effect 2
- CTM80180: Arrangements, effect 3
- CTM80181: Exclusion of certain arrangements
- CTM80185: Enabling arrangements
- CTM80190: Direct arrangements
- CTM80195: Date of arrangements
- CTM80196: Contingent arrangements
- CTM80205: HMRC's approach to “arrangements” - SP3/93 and ESC C10
- CTM80206: Examples of arrangements
- CTM80210: Non coinciding accounting periods or group relationships - overview
- CTM80215: Non coinciding accounting periods or group relationships - multiple claims
- CTM80220: Non coinciding accounting periods or group relationships - the order which claims are dealt with
- CTM80225: Non coinciding accounting periods or group relationships - overlapping period
- CTM80230: Non coinciding accounting periods or group relationships - unused part of the surrenderable amounts
- CTM80235: Non coinciding accounting periods or group relationships - unrelieved part of claimant company's available total profits
- CTM80240: Non coinciding accounting periods or group relationships - amount of any prior surrenders attributable thereto
- CTM80245: Non coinciding accounting periods or group relationships - amount of any previous claims attributable thereto
- CTM80255: Non coinciding accounting periods or group relationships - example
- CTM80260: Non coinciding accounting periods or group relationships - time apportionment is not the only permitted method
- CTM80265: Non coinciding accounting periods or group relationships - use of management accounts
- CTM80270: Non coinciding accounting periods or group relationships - apportioned amount not to exceed total loss
- CTM80300: The international aspect - overview
- CTM80305: The international aspect - permanent establishments
- CTM80310: UK permanent establishment of non-resident company
- CTM80315: UK permanent establishment of non-resident company - tax relief in a foreign jurisdiction
- CTM80320: Meaning of non-UK profits
- CTM80325: Meaning of non-UK tax
- CTM80330: UK permanent establishment of non-resident company - tax relief in a foreign jurisdiction - credit and exemption countries
- CTM80332: UK permanent establishment of non-resident company - determining tax relief in a foreign jurisdiction for an EEA resident company
- CTM80333: UK permanent establishment of non-resident company - determining amount available for surrender in the UK for an EEA resident company
- CTM80335: UK permanent establishment of non-resident company - clawing back group relief for losses relieved in foreign jurisdiction for an EEA resident company
- CTM80340: UK permanent establishment of non-resident company - losses exempted by double taxation agreements
- CTM80345: UK permanent establishment of non-resident company - amounts which can be surrendered
- CTM80350: Overseas permanent establishment of UK resident company
- CTM80355: Overseas permanent establishment of UK resident company - meaning of attributable to overseas permanent establishment
- CTM80360: Overseas permanent establishment of UK resident company - meaning of tax relief in a foreign jurisdiction
- CTM80365: Overseas permanent establishment of UK resident company - foreign ‘tie-breaker’ rules
- CTM80370: The international aspect - accounting period straddling 1 April 2000
- CTM80400: Available total profits
- CTM80405: Exclusion of double allowances
- CTM80410: Cases of difficulty
- CTM80415: Avoidance
- CTM80435: Example - surrender of trading losses
- CTM80440: Example - surrender of excess capital allowances
- CTM80445: Example - surrender of excess management expenses
- CTM80450: Example - surrender of excess qualifying charitable donations
- Close sectionCTM80500: Consortia - group relief
- CTM80502: Introduction
- CTM80510: Applications of rules
- CTM80515: Claims
- CTM80520: Claims - consent to be given
- CTM80525: Claims - rules limiting
- CTM80530: Meaning of members of the consortium and company owned by a consortium
- CTM80535: 90% subsidiary
- CTM80540: Amount of relief: claimant is member of the consortium: claims based on consortium condition 1
- CTM80545: Amount of relief: claimant is company owned by a consortium: claims based on consortium condition 1
- CTM80550: Extension to companies in same group as member of the consortium
- CTM80555: Claim by company in same group as member of the consortium: claims based on consortium condition 2
- CTM80560: Surrender by company in same group as member of the consortium: claims based on consortium condition 3
- CTM80570: Items eligible for relief - potential restriction on surrender of trading losses
- CTM80580: Group and consortium claims both possible: surrendering company is both owned by a consortium and a member of a group
- CTM80585: Group and consortium claims both possible: claimant company is both owned by a consortium and a member of a group
- CTM80587: Control arrangements: claimant is member of the consortium
- CTM80588: Control arrangements: claimant is company owned by the consortium
- CTM80590: Diagram showing meaning of various terms
- CTM80600: Arrangements to transfer the company owned by a consortium to another group or consortium
- CTM80605: Arrangements - disqualifying relief
- CTM80615: Arrangements - definitions
- CTM80620: Enabling arrangements
- CTM80625: Direct arrangements
- CTM80630: Date of arrangements
- CTM80635: Information about arrangements
- CTM80640: SP3/93 and ESCC10
- CTM80670: Example - consortium relief generally
- CTM80675: Example: surrender by member of the consortium and by a member of its group, overlapping periods and company joining link company's group
- CTM80680: Example: claim by company owned by a consortium from a company in the same group as a member of the consortium
- CTM80685: Example - restriction where group claims possible
- CTM80690: Example - restriction where group claims are possible by companies which are not group/consortium companies
- CTM80695: Example - restriction where group claims are possible
- CTM80696: Example - restriction of surrender of trade losses where company owned by consortium has other profits
- Close sectionCTM80900: Consortia - group income
- CTM80905: Election - to pay dividends without ACT
- CTM80910: Election - to pay charges on income or loan relationship interest without accounting for IT
- CTM80915: Election - under ICTA 1988, s 247
- CTM80920: Election - form of
- CTM80925: Multiple elections
- CTM80930: Election - two companies only involved
- CTM80935: Election - validity
- CTM80940: Late elections
- CTM80945: Election - ceasing to apply
- CTM80950: Election - record of
- CTM80955: Recovery of ACT or IT
- Close sectionCTM81000: Groups - entitlement to profits or assets available for distribution
- CTM81005: Introduction
- CTM81010: Definitions of terminology
- CTM81015: Convertible shares and securities
- CTM81020: Business results dependency test
- CTM81025: Equity holders - special rule
- CTM81030: Equity holders - banks
- CTM81035: Equity holders - subsidiary profits available to
- CTM81040: Equity holders - subsidiary assets available to
- CTM81045: Equity holders - percentage of profits available to
- CTM81050: Equity holders - notional winding-up
- CTM81055: Returned amounts
- CTM81060: Limited rights
- CTM81065: Effect of limitation of rights
- CTM81070: Varying rights for different accounting periods
- CTM81075: Varying rights for different accounting periods - effect
- CTM81080: Varying and limited rights - effect
- CTM81085: Entitlement different - effect
- CTM81090: Option arrangements
- CTM81095: Effective rights
- CTM81100: Option rights exist
- CTM81105: Option, limited & varying rights
- CTM81110: Option, limited & varying rights - referable to UK trade of non-resident company
- CTM81115: Option arrangements - Board's policy
- CTM81120: Examples - background
- CTM81121: Example 1 - basic rule
- CTM81122: Example 2 - limited rights
- CTM81123: Example 3 - varying rights for different accounting periods
- CTM81124: Example 4 - option rights
- Close sectionCTM81200: Groups - surrender of ACT
- CTM81205: Introduction
- CTM81210: Computation of ACT available
- CTM81215: Effect of surrender
- CTM81220: Order of set-off
- CTM81225: Change of ownership - ACT previously surrendered
- CTM81230: Change of ownership - ACT previously held
- CTM81235: Interest on unpaid tax pre CT Pay and File (CTPF)
- CTM81240: Definition of subsidiary
- CTM81245: Arrangements regarding control
- CTM81250: Entitlement to profits and assets
- CTM81255: Claims
- CTM81260: Interaction of ICTA 1988, s 239 (1) & ICTA 1988, s 240
- CTM81265: Payment by subsidiary for surrender
- CTM81270: Arrangements
- CTM81275: Date of arrangements
- CTM81280: Information about arrangements
- Close sectionCTM81500: Groups - group relief - surrendering company not UK resident
- CTM81502: Outline
- CTM81505: Companies affected
- CTM81510: Amount of the loss - overview
- CTM81515: Amount of the loss - the equivalence condition
- CTM81520: Amount of the loss - the EEA tax loss condition
- CTM81525: Amount of the loss - the qualifying loss condition
- CTM81530: Amount of the loss - the qualifying loss condition - current & previous periods
- CTM81535: Amount of the loss - the qualifying loss condition - future periods
- CTM81540: Amount of the loss - the qualifying loss condition - not otherwise given
- CTM81545: Amount of the loss - the precedence condition
- CTM81550: Amount of the loss - the unallowable loss rule
- CTM81555: Amount of the loss - unallowable losses and arrangements
- CTM81560: Amount of the loss - UK recomputation
- CTM81565: Amount of the loss - UK recomputation - residence
- CTM81570: Amount of the loss - UK recomputation - accounting periods
- CTM81575: Amount of the loss - UK recomputation - capital allowances
- CTM81580: Amount of the loss - UK recomputation - intangible assets
- CTM81585: Amount of the loss - UK recomputation - loan relationships & derivative contracts
- CTM81590: Amount of the loss - comparison of UK and overseas loss
- CTM81591: Amount of the loss - information to be provided by claimant company
- CTM81595: Amount of the loss - UK recomputation - life assurance companies
- CTM81600: Amount of the loss - claims in respect of overseas losses of non-resident companies - overview
- CTM81605: Amount of the loss - claims in respect of overseas losses of non-resident companies - enquiries
- CTM81610: Examples - the precedence condition
- CTM81620: Example - the qualifying loss condition
- CTM81625: Examples - comparison of UK and EEA loss
- Close sectionCTM82000: Group relief for carried-forward losses
- CTM82010: General
- CTM82020: Types of loss that may be surrendered
- CTM82030: Restrictions
- CTM82040: Restrictions for certain types of insurance company
- CTM82050: Restrictions on companies with permanent establishments or dual residence
- CTM82060: Conditions for a claim
- CTM82070: Claims
- CTM82080: Group Condition
- CTM82090: Overlapping period
- CTM82100: Order of relief
- CTM82110: General limit of relief
- CTM82120: Surrenderable amounts
- CTM82130: Prior surrenders
- CTM82140: Claimant company's relevant maximum
- CTM82150: Amount of prior claims
- CTM82160: Order in which claims are dealt with
- CTM82170: Payment made for loss
- CTM82180: Simplified arrangements
- CTM82190: Comprehensive example
- Close sectionCTM82500: Consortia - group relief for carried-forward losses
- CTM82505: General
- CTM82510: Conditions for a claim
- CTM82515: Restrictions general
- CTM82520: Restrictions on claims under conditions 1 or 2
- CTM82525: Restrictions on claims under conditions 3 or 4
- CTM82530: Surrenderable amounts for loss-making period
- CTM82535: Prior surrenders relating to loss-making period
- CTM82540: Potential Part 5 group relief
- CTM82545: Overlapping period
- Close sectionCTM80050: Group income
- Close sectionCTM90000: Corporation Tax self-assessment (CTSA)
- Close sectionCTM90100: Introduction
- Close sectionCTM90600: Claims & elections
- CTM90602: Introduction
- CTM90605: Quantification
- CTM90610: Time limits
- CTM90615: Mistakes
- CTM90620: Categories
- CTM90625: Affecting only one accounting period
- CTM90630: Affecting more than one accounting period
- CTM90635: Amended return, outside return
- CTM90640: Must be made in a return
- CTM90645: Outside normal time limits
- CTM90650: Consequential claims-general principles
- CTM90655: Another person's liability affected
- CTM90660: Reduction in overall liability
- CTM90665: Consequential claims and elections - deliberate or careless
- CTM90670: Relief from double assessment
- Close sectionCTM92000: The payment obligation
- CTM92005: General
- CTM92010: Due dates
- CTM92030: Amounts payable/repayable
- CTM92090: Repayment before liability finally established
- CTM92110: Repayment before liability finally established - open appeal
- CTM92150: Repayment of IT
- CTM92160: Payment of tax credit
- CTM92170: Repayment of CIS25/SC60 tax
- CTM92180: Late payment interest
- CTM92190: Late payment interest - tax deductible
- CTM92200: Interest revision for unremittable overseas income or gains
- CTM92240: Carry-back of trading losses or non-trading deficit - late payment interest
- CTM92250: Carry-back of trading losses or non-trading deficit - late payment interest - summary of examples
- CTM92251: Carry-back of trading losses or non-trading deficit - late payment interest - example 1
- CTM92252: Carry-back of trading losses or non-trading deficit - late payment interest - example 2
- CTM92253: Carry-back of trading losses or non-trading deficit - late payment interest - example 3
- CTM92254: Carry-back of trading losses or non-trading deficit - late payment interest - example 4
- CTM92290: Credit interest
- CTM92310: Repayment interest
- CTM92320: Credit interest and repayment interest are taxable
- CTM92360: Carry-back of trading losses or non-trading deficit - repayment interest
- CTM92440: Repayment - intra-group surrender - CTA 2010, s 963
- CTM92460: Repayment - intra-group surrender - joint notice
- CTM92480: Payment for surrendered tax refund
- Close sectionCTM92500: Quarterly instalments
- CTM92505: Legislation
- CTM92510: Scope
- CTM92520: Large companies
- CTM92530: Special cases
- CTM92550: Identification of large companies
- CTM92560: Due dates - 12 month accounting period
- CTM92570: Due dates - 12 months accounting period - examples
- CTM92580: Due dates - accounting period less than 12 months
- CTM92590: Due dates - accounting period less than 12 months - examples
- CTM92600: Amount due at each instalment - formula
- CTM92610: Amount due at each instalment - how to calculate ‘n’
- CTM92640: Company procedure
- CTM92650: Repayment before liability finally established
- CTM92660: Debit interest
- CTM92670: Credit interest
- CTM92680: Quarterly instalment payer' (QIP) signal
- CTM92690: SA recorded
- CTM92710: Calculating debit and credit interest
- CTM92730: Handling interest - examples
- CTM92740: Intra-group surrender - legislation
- CTM92750: Intra-group surrender excessive instalment payments - procedure
- CTM92760: Intra-group surrender excessive instalment payments - examples
- CTM92770: Information powers
- CTM92795: Very large companies
- CTM92840: Non-resident company landlords
- Close sectionCTM93000: The filing obligation
- CTM93005: General
- CTM93020: Specified and return periods
- CTM93030: Filing date - definition
- CTM93040: Filing date - detail
- CTM93050: Filing date - examples
- CTM93060: Filing date - further time
- CTM93070: Filing date - Companies Act extension
- CTM93080: Delivery of return
- CTM93090: Delivery of return - content
- CTM93100: Delivery of return - interpretations
- CTM93110: Delivery of return - Must include SA
- CTM93120: Information about partnership income
- CTM93140: Prescribed form of CT600
- CTM93160: Substitute return forms
- CTM93180: Accounts to be delivered
- CTM93190: Period accounts to cover
- CTM93200: Returns
- CTM93210: Computations
- CTM93220: Computations - in round thousands
- CTM93230: Insurance companies
- CTM93240: Overseas companies
- CTM93250: Overseas companies - branches of
- CTM93255: Overseas companies: otherwise within the charge to corporation tax
- CTM93260: Unsatisfactory return and online filing
- CTM93270: Unsatisfactory return - action to take
- CTM93280: Estimated figures in returns
- CTM93290: Estimated figures in returns - ICAEW Technical Release 12/92
- CTM93300: Amended returns
- CTM93330: Correction of return by HMRC
- Close sectionCTM94000: Penalties for late returns
- CTM94005: General
- CTM94010: Exceptions
- CTM94020: Other types of penalty
- CTM94050: Flat and higher rate penalties
- CTM94060: Tax-related penalties
- CTM94070: Amount of tax unpaid
- CTM94080: Amount of tax unpaid - surrender of refund
- CTM94090: Interaction of flat-rate & tax-related penalties
- CTM94100: Companies Act extension
- CTM94110: Companies Act extension - Overseas company
- CTM94120: Companies Act extension - examples
- CTM94130: Further time
- CTM94140: Reasonable excuse
- CTM94150: Reasonable excuse - grounds
- CTM94200: Determination - Procedure
- CTM94210: Determination - general rules
- CTM94220: Determination - Appeals against
- CTM94230: Determination - postponement provisions not applicable
- CTM94240: More than one tax-related penalty for the same accounting period
- CTM94250: Time limits
- CTM95005: Discovery Assessments and Determinations General
- Close sectionCTM95300: Revenue determination
- CTM95305: Power to make
- CTM95310: Timing
- CTM95320: Period for which made
- CTM95330: When of no effect
- CTM95340: Review
- CTM95350: Filing date ascertainable?
- CTM95360: Partial compliance with notice to deliver
- CTM95370: Dates payable
- CTM95380: Enforcement power
- CTM95390: Time limit
- CTM95400: Superseded by SA
- CTM95410: Proceedings for tax started - company makes return
- CTM95430: Negative amounts
- CTM95440: Conclusiveness of amount
- Close sectionCTM97000: Group relief - general
- CTM97002: Introduction
- CTM97005: Claim to be made in return
- CTM97010: Specify amount claimed
- CTM97015: Amount to be claimed
- CTM97020: Consent to surrender
- CTM97025: Surrender of losses
- CTM97030: Allowing the claim
- CTM97035: Withdrawal of consent
- CTM97040: Simplified arrangement
- CTM97045: Time limit
- CTM97050: Time limit - enquiry cases
- CTM97055: Time limit - late claims
- CTM97060: Time limit - late claims - SP5/01 - text
- CTM97065: Time limit - late claims - SP5/01 - guidance on
- CTM97070: Surrendered amount reduced
- Close sectionCTM97400: Group payment arrangements
- CTM97405: Introduction
- CTM97410: Administration
- CTM97420: Companies eligible
- CTM97430: Copy of the contract
- CTM97440: Copy of the guidance notes
- CTM97450: Pre-acceptance checks
- CTM97460: Accounting periods & group payment periods
- CTM97470: Newly acquired company - example
- CTM97480: Short accounting period - example
- CTM97490: Payment of tax
- CTM97500: Closing date
- CTM97510: Overpayment
- CTM97520: Rolling forward
- CTM97530: Removal by agreement
- CTM97540: Removal by contract
- CTM97550: Participating companies list
- CTM97560: Apportion payments at closure
- CTM97570: Late filing penalties
- CTM97580: Termination - Clause 18
- CTM97590: Termination - Clause 19
- Close sectionCTM97600: Group relief - simplified arrangements
- CTM97610: Time limits for claims
- CTM97650: General
- CTM97660: Authorised company
- CTM97670: Authorising company
- CTM97680: Members of the same group
- CTM97690: Application to set up an arrangement
- CTM97700: Application to join an existing arrangement
- CTM97710: Written statement of claims and surrenders
- CTM97730: Time limit for decision on an application
- CTM97740: Refusal of an application
- CTM97750: Partial acceptance of an application
- CTM97760: Termination of arrangement and exclusion of a company from arrangement
- CTM97770: Making and withdrawing claims to group relief and amending returns
- CTM97780: Special rules for consortium members
- CTM97790: Change in members of a consortium
- Close sectionCTM98000: Capital allowances
- Close sectionCTM98200: Loans to participators
- CTM98205: General
- CTM98210: Due date
- CTM98215: Claims to relief - General
- CTM98220: Claims to relief - Action to take
- CTM98225: Claims to relief - Giving effect
- CTM98230: Claims to relief - Giving effect - examples
- CTM98235: Quarterly instalments - Credit or debit interest
- CTM98240: Late payment interest
- CTM98245: Repayment interest