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Company Taxation Manual

Publication Date: 2023

Publisher: Bloomsbury Professional

Copyright: 2023 Crown

Company Taxation Manual

All aspects of company taxation.

Last update: 31st August 2023

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Close sectionCTM00200: Destination & derivation tables for CT to CTM conversion
- Close sectionCTM00210: Destination tables on conversion from CT to CTM
- Close sectionCTM00220: Derivation tables for pages in the CTM converted from the CT
Close sectionCTM00500: Introductory: contents
- CTM00505: Preface
- CTM00509: Important Terms
- CTM00520: Concerns within the charge to CT
- CTM00530: Company officers
- CTM00550: Abbreviations used
- CTM00560: Accountancy help
- CTM00570: Feedback and technical guidance
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
  - 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
  - CTM06505: Introduction and signposts
  - CTM06510: Scope
  - CTM06520: Aspects
  - CTM06530: Intent
  - CTM06540: ‘Reasonable to infer’ test
  - CTM06550: Information powers
  - CTM06560: Submissions
- Close sectionCTM06600: Change of ownership: Shell Companies
  - CTM06610: Introduction
  - CTM06620: Non-Trading Amounts Restricted
  - CTM06630: Apportionment of Non-Trading Amounts
- 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
  - CTM07905: Targeted anti-avoidance rule: summary
  - CTM07910: Targeted anti-avoidance rule: key terms
  - CTM07915: Targeted anti-avoidance rule: commencement
- 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
  - CTM09005: Introduction
  - CTM09010: Definition of qualifying charitable donations
  - CTM09060: Gift Aid
- Close sectionCTM09501: Relief for expenditure on grassroots sport
  - CTM09500: Introduction and overview
  - CTM09505: Process and procedure
  - CTM09510: Background
  - CTM09515: Qualifying expenditure
  - CTM09520: qualifying sport body
  - CTM09525: Operation of CTA 2010, Part 6A
CTM14000: Non-corporate distribution rate
Close sectionCTM15000: Distributions
- Close sectionCTM15100: General
- 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)
- Close sectionCTM17000: Stock dividends
- Close sectionCTM17200: Demergers
- Close sectionCTM17500: Purchase of own shares
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
- Close sectionCTM20100: Set off against CT on profit
- Close sectionCTM20500: Tax credit & FA93
- Close sectionCTM21000: FID - general
- Close sectionCTM21300: FID - foreign profits
- Close sectionCTM21400: FID - repayment or set off of ACT
- Close sectionCTM21500: FID - international headquarters companies
- Close sectionCTM22000: Collection
Close sectionCTM34000: Residence
- Close sectionCTM34050: Inward company migration
- Close sectionCTM34100: Outward company or permanent establishment migration
- Close sectionCTM34200: Non-resident companies
- CTM34300: Avoidance transactions
- Close sectionCTM34500: Dual resident companies
Close sectionCTM35000: Income Tax
- CTM35050: Accounting for tax deducted from yearly interest etc
- Close sectionCTM35100: Collection of tax on annual payments
- Close sectionCTM35200: Deduction of tax
Close sectionCTM36000: Particular topics
- Close sectionCTM36100: Company winding up etc
- Close sectionCTM36200: Company dissolution
- Close sectionCTM36300: Company winding up TAAR
- Close sectionCTM36500: Companies in partnership
- Close sectionCTM36600: Rent factoring
  - CTM36610: Repeal of rent factoring legislation from 6 June 2006
- Close sectionCTM36700: Dividend stripping
  - CTM36705: Repeal of ICT88/S736
- Close sectionCTM36800: Transactions in securities
- CTM36900: Transactions between dealing and non-dealing associated companies
Close sectionCTM40000: Particular bodies
- Close sectionCTM40050: Charities
  - CTM40055: General
  - CTM40060: Trading
  - CTM40065: ‘Profit shedding’ by Gift Aid
- 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
  - CTM40155: Introduction
  - CTM40160: Taxation of union
  - CTM40162: Returns required
  - CTM40165: Taxation of members
- 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
  - CTM40355: Introduction
  - CTM40360: IT deducted from payments received
  - CTM40365: Repayment claims
- 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
  - CTM40805: General
  - CTM40810: Thrift funds
- Close sectionCTM40850: Local authorities
  - CTM40855: Introduction
  - CTM40860: Definition
  - CTM40865: Associations or groups of authorities
  - CTM40870: Receipt or payment of gross interest
  - CTM40880: Income tax deducted from payments received
  - CTM40890: Securities expressed in foreign currency
  - CTM40895: LEAs, schools and colleges
- CTM40900: Marketing boards
- Close sectionCTM40950: Mutual concerns
  - CTM40955: Surplus from mutual trading not liable
  - CTM40960: Legal framework
  - CTM40965: Non-mutual transactions
  - CTM40970: Mutuality
  - CTM40975: Distributions
  - CTM40980: Co-operatives
  - CTM40985: Agricultural co-operatives
- 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
  - CTM41205: Within the charge to Corporation Tax
  - CTM41210: Special arrangement
  - CTM41215: Arrangement procedure
  - CTM41220: Payments to members
- Close sectionCTM41250: Trade unions and eligible employers' associations
  - CTM41255: Introduction
  - CTM41260: Provident benefits - extent of relief
  - CTM41265: Provident benefits - nature of payment
  - CTM41270: Provident benefits - new claims
  - CTM41275: Provident benefits - method of allowing relief
  - CTM41290: Provident benefits - employers associations
- Close sectionCTM41300: Unincorporated associations
  - CTM41305: Definition
  - CTM41310: Examples
  - CTM41315: Is it a partnership?
  - CTM41320: Trustees
  - CTM41325: Part of a wider undertaking?
  - CTM41330: Transfers of trade
  - CTM41335: Cessation
- Close sectionCTM41350: Pharmaceutical cases
  - CTM41355: Background
  - CTM41360: Definition
  - CTM41370: Transfer arrangements
  - CTM41375: Pharmaceutical specialist offices within Mid-sized Business
  - CTM41380: Interaction with Small Company Enterprise Centres (SCECs)
  - CTM41385: Contact point
CTM48000: Authorised investment funds (AIFs)
Close sectionCTM48800: Property authorised investment funds (Property AIFs)
- Close sectionCTM48900: Tax elected funds (TEFs)
Close sectionCTM49000: Building societies
- CTM49100: General
- Close sectionCTM49300: Deduction of Income Tax
- Close sectionCTM49400: Application of Corporation Tax
CTM50000: Loan relationships
Close sectionCTM60000: Close companies
- Close sectionCTM60050: General
- Close sectionCTM60100: Tests
- Close sectionCTM60500: Extended meaning of distribution
- Close sectionCTM60700: Close investment holding companies
- Close sectionCTM61000: Capital payments to settlors
- Close sectionCTM61500: Close companies: loans to participators and arrangements conferring benefit on participator
CTM70000: Exchange differences and financial instruments
Close sectionCTM80000: Groups & consortia
- Close sectionCTM80050: Group income
- Close sectionCTM80100: Group relief
- Close sectionCTM80500: Consortia - group relief
- Close sectionCTM80900: Consortia - group income
- Close sectionCTM81000: Groups - entitlement to profits or assets available for distribution
- Close sectionCTM81200: Groups - surrender of ACT
- Close sectionCTM81500: Groups - group relief - surrendering company not UK resident
- Close sectionCTM82000: Group relief for carried-forward losses
- Close sectionCTM82500: Consortia - group relief for carried-forward losses
Close sectionCTM90000: Corporation Tax self-assessment (CTSA)
- Close sectionCTM90100: Introduction
- Close sectionCTM90600: Claims & elections
- Close sectionCTM92000: The payment obligation
- Close sectionCTM92500: Quarterly instalments
- Close sectionCTM93000: The filing obligation
- Close sectionCTM94000: Penalties for late returns
- CTM95005: Discovery Assessments and Determinations General
- Close sectionCTM95300: Revenue determination
- Close sectionCTM97000: Group relief - general
- Close sectionCTM97400: Group payment arrangements
- Close sectionCTM97600: Group relief - simplified arrangements
- Close sectionCTM98000: Capital allowances
- Close sectionCTM98200: Loans to participators
CTMUPDATE001: update index

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Company Taxation Manual

Publication Date: 2023

Publisher: Bloomsbury Professional

Copyright: 2023 Crown

Company Taxation Manual

Contents Contents

Contents