Source: http://www.legislation.gov.uk/ukpga/2010/4/section/456
Timestamp: 2017-01-16 12:01:30
Document Index: 267232786

Matched Legal Cases: ['art 10', 'art. 5', 'art. 7', 'art. 9', 'art. 3', 'art. 5', 'art. 6', 'art. 6', 'art. 10', 'art. 11', 'art. 11', 'art. 11', 'art. 21']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsCymraegHomeAbout UsBrowse LegislationNew LegislationChanges To LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchCorporation Tax Act 2010You are here:2010 c. 4Part 10Chapter 3Exceptions to the charge to tax under section 455Section 456Table of ContentsContentExplanatory NotesMore ResourcesPrevious: ProvisionNext: ProvisionPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)Show Timeline of ChangesOpening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFView moreChanges to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Corporation Tax Act 2010. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to the whole Act associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act applied by 2013 asp 11 Sch. 7 para. 20Act words substituted by 2014 c. 14 Sch. 4 para. 156Whole provisions yet to be inserted into this Act (including any effects on those provisions):Pt. 6 Ch. 2A inserted by 2014 c. 26 s. 35(7)Pt. 7A inserted by 2015 c. 11 Sch. 2 para. 1Pt. 7A Ch. 4 inserted by 2015 c. 33 Sch. 3 para. 1Pt. 8 Ch. 3A inserted by 2014 c. 26 Sch. 1 para. 5(3)Pt. 8 Ch. 5A inserted by 2014 c. 26 Sch. 14 para. 1Pt. 8 Ch. 8 inserted by 2014 c. 26 Sch. 15 para. 3Pt. 8 Ch. 6A inserted by 2015 c. 11 Sch. 12 para. 2Pt. 8 Ch. 9 inserted by 2015 c. 11 Sch. 13 para. 2Pt. 8 Ch. 5A repealed by 2015 c. 11 Sch. 11 para. 13(1)Pt. 8 Ch. 6A restricted by 2015 c. 11 Sch. 13 para. 6(2)Pt. 8 Ch. 9 restricted by 2015 c. 11 Sch. 13 para. 6(2)Pt. 8A inserted by 2012 c. 14 Sch. 2 para. 1(1)Pt. 8A Ch. 2A 2B inserted by 2016 c. 24 s. 64(3)Pt. 8A Ch. 3 heading words inserted by 2016 c. 24 Sch. 9 para. 3Pt. 8B inserted by 2015 c. 21 s. 1Pt. 8B Ch. 14A inserted by 2016 c. 24 Sch. 8 para. 14Pt. 8C inserted by 2015 c. 33 s. 38(3)Pt. 8ZA inserted by 2014 c. 26 Sch. 16 para. 4Pt. 8ZB inserted by 2016 c. 24 s. 77(1)Pt. 10 Ch. 3A inserted by 2013 c. 29 Sch. 30 para. 5(1)Pt. 10 Ch. 3B inserted by 2013 c. 29 Sch. 30 para. 6(1)Pt. 14 Ch. 5A inserted by 2013 c. 29 Sch. 13 para. 1(3)Pt. 14A inserted by 2013 c. 29 Sch. 14 para. 1Pt. 14B inserted by 2015 c. 11 Sch. 3 para. 1Pt. 16 Ch. 1A inserted by 2014 c. 26 Sch. 17 para. 28(1)Pt. 16 Ch. 4 inserted by 2014 c. 26 Sch. 17 para. 29(1)Pt. 17A inserted by 2013 c. 29 Sch. 29 para. 2Pt. 17A omitted by 2013 c. 29 Sch. 29 para. 43Pt. 20 Ch. 3 inserted by 2016 c. 24 s. 68(1)Pt. 21BA inserted by 2013 c. 29 Sch. 20 para. 3s. 1(3)(aa)(ab) inserted by 2014 c. 26 Sch. 16 para. 2s. 1(3)(ac) inserted by 2015 c. 21 Sch. 2 para. 5s. 1(3)(ad) inserted by 2015 c. 33 s. 38(2)s. 1(3)(za) inserted by 2015 c. 11 Sch. 2 para. 4(b)s. 1(4)(aa) inserted by 2013 c. 29 Sch. 14 para. 2(1)s. 1(4)(ab) inserted by 2015 c. 11 Sch. 3 para. 2s. 1(4)(da) inserted by 2013 c. 29 Sch. 29 para. 42(b)s. 1(4)(ja) inserted by 2013 c. 29 Sch. 20 para. 2s. 5(3) inserted by 2013 c. 29 s. 66(2)s. 9A(2) substituted by 2015 c. 33 s. 34(3)s. 9A(3) omitted by 2015 c. 33 s. 34(4)s. 9A(9) inserted by 2015 c. 33 s. 34(5)s. 9B(1) words substituted by 2015 c. 33 s. 34(7)s. 9B(2) omitted by 2015 c. 33 s. 34(8)s. 9B(3) words substituted by 2015 c. 33 s. 34(9)s. 9B(6) words substituted by 2015 c. 33 s. 34(10)s. 9B(6A) inserted by 2015 c. 33 s. 34(11)s. 9B(7)(a) words substituted by 2015 c. 33 s. 34(12)s. 9C inserted by 2013 c. 29 s. 66(3)s. 32(1A) word inserted by 2013 c. 29 Sch. 25 para. 19(3)s. 40(3A) inserted by 2012 c. 14 Sch. 21 para. 5(4)s. 67B and cross-heading inserted by 2012 c. 14 Sch. 16 para. 218s. 105(3A)(3B) inserted by 2013 c. 29 s. 29(4)s. 105(5A) inserted by 2013 c. 29 s. 29(5)s. 107(1A) inserted by 2013 c. 29 s. 30(2)s. 107(6A)(6B) inserted by 2013 c. 29 s. 30(4)s. 130(2)(c) words substituted by 2015 c. 33 s. 35(2)(b)(i)s. 130(2)(d) word substituted by 2015 c. 33 s. 35(2)(b)(ii)s. 133(1)(g) and word omitted by 2015 c. 33 s. 35(1)(a)(ii)s. 133(2)(g) and word omitted by 2015 c. 33 s. 35(1)(b)(ii)s. 133(5)-(8) omitted by 2015 c. 33 s. 35(1)(c)s. 134A omitted by 2015 c. 33 s. 35(2)(c)s. 156(2)(b)(i) words in s. 156(2)(b) renumbered as s. 156(2)(b)(i) by 2013 c. 29 s. 31(1)(a)s. 156(2)(b)(ii) and word inserted by 2013 c. 29 s. 31(1)(b)s. 156(2A) inserted by 2013 c. 29 s. 31(1)(c)s. 158(4) applied by 2010 c. 4, s. 356OT(7) (as inserted) by 2016 c. 24 s. 77(1)s. 161(8)(a) (aa) substituted for s. 161(8)(a) and word by 2012 c. 21 Sch. 18 para. 129(2)s. 162(1A) inserted by 2013 c. 29 s. 43(2)s. 162(1A) repealed by S.I. 2013/3209 reg. 12(a)(i)s. 164(2A) inserted by 2012 c. 14 s. 32(4)s. 164A inserted by 2013 c. 29 s. 43(3)s. 164A repealed by S.I. 2013/3209 reg. 12(a)(ii)s. 169(3) inserted by 2014 c. 26 s. 40(2)(b)s. 192(6)(aa) inserted by 2014 c. 26 s. 35(3)s. 200(4A) inserted by 2014 c. 26 s. 35(4)s. 202(aa) inserted by 2014 c. 26 s. 35(5)s. 202A inserted by 2014 c. 26 s. 35(6)s. 220A inserted by 2013 c. 29 Sch. 27 para. 9s. 220B inserted by 2013 c. 29 Sch. 27 para. 13(1)s. 240(4A) inserted by 2013 c. 29 Sch. 27 para. 10s. 244(3)-(3H) substituted for s. 244(3) by 2013 c. 29 Sch. 27 para. 11(2)s. 257(5B) inserted by 2012 c. 14 Sch. 4 para. 19(3)s. 259NC applied by 2010 c. 4, s. 356OT(6) (as inserted) by 2016 c. 24 s. 77(1)s. 269A(4) inserted by 2015 c. 33 Sch. 3 para. 5s. 269B(5) substituted by 2015 c. 33 s. 20(10)(a)s. 269B(6A) inserted by 2015 c. 33 s. 20(10)(b)s. 269BA(1)(f) words omitted by 2015 c. 33 s. 20(11)s. 269BA(1A)(1B) inserted by 2016 c. 24 s. 56(8)s. 269BC(8) words omitted by 2015 c. 33 s. 20(12)(a)s. 269BC(9) omitted by 2015 c. 33 s. 20(12)(b)s. 269CA(2) word substituted by 2016 c. 24 s. 57(2)s. 269CB(2) word substituted by 2016 c. 24 s. 57(3)s. 269CC(7) word substituted by 2016 c. 24 s. 57(4)s. 269CN words inserted by 2015 c. 33 s. 19(1)s. 269DO(5A)(5B) inserted by 2016 c. 24 s. 56(9)(a)s. 269DO(6) words substituted by 2016 c. 24 s. 56(9)(b)s. 270(3A) inserted by 2014 c. 26 Sch. 1 para. 5(2)s. 270(5A) inserted by 2014 c. 26 Sch. 14 para. 2s. 270(5A) omitted by 2015 c. 11 Sch. 11 para. 11s. 270(6A) inserted by 2015 c. 11 Sch. 14 para. 2(2)s. 270(7A) inserted by 2014 c. 26 Sch. 15 para. 5(2)(a)s. 270(7B) inserted by 2015 c. 11 Sch. 14 para. 2(4)s. 279F modified by 2015 c. 33 s. 39(1)s. 39(2)(a)s. 279F(7)(c)(ii) words substituted by 2016 c. 24 Sch. 1 para. 29(2)s. 279F(10) inserted by 2016 c. 24 Sch. 1 para. 29(3)s. 279G modified by 2015 c. 33 s. 39(1)s. 39(2)(a)s. 279G(1)(b) word substituted by 2016 c. 24 Sch. 1 para. 30(2)(b)s. 279G(1)(b) words substituted by 2016 c. 24 Sch. 1 para. 30(2)(a)s. 279G(3) words substituted by 2016 c. 24 Sch. 1 para. 30(3)s. 279G(5) inserted by 2016 c. 24 Sch. 1 para. 30(5)s. 285A and cross-heading inserted by 2014 c. 26 Sch. 16 para. 3s. 287A inserted by 2013 c. 29 s. 87(1)s. 292(1A) inserted by 2013 c. 29 Sch. 31 para. 2(2)(a)s. 296(1A) inserted by 2013 c. 29 Sch. 31 para. 2(3)(c)s. 298A and cross-heading inserted by 2013 c. 29 Sch. 31 para. 21s. 311(1A)-(1C) inserted by 2015 c. 11 Sch. 11 para. 4(3)s. 316(6) inserted by 2015 c. 11 Sch. 11 para. 5s. 317(4) inserted by 2015 c. 11 Sch. 11 para. 6s. 318A inserted by 2015 c. 11 Sch. 11 para. 7s. 326(6) inserted by 2015 c. 11 Sch. 11 para. 8(4)s. 327(3A) inserted by 2015 c. 11 Sch. 11 para. 9s. 328A inserted by 2015 c. 11 Sch. 11 para. 10s. 330A 330B excluded by 2015 c. 11 s. 48(5)(6)s. 330A-330C inserted by 2012 c. 14 Sch. 21 para. 3s. 330B(1)(a) word omitted by 2013 c. 29 s. 88(2)s. 330B(1)(c) and word inserted by 2013 c. 29 s. 88(2)s. 330B(2) substituted by 2013 c. 29 s. 88(3)s. 330B(3) word omitted by 2013 c. 29 s. 88(4)(b)s. 330B(3) words inserted by 2013 c. 29 s. 88(4)(a)s. 330B(3) words substituted by 2013 c. 29 s. 88(4)(c)s. 330B(4) words substituted by 2013 c. 29 s. 88(5)s. 330B(7) words inserted by 2013 c. 29 s. 88(6)(b)s. 330B(7) words omitted by 2013 c. 29 s. 88(6)(a)s. 330ZA inserted by 2015 c. 11 Sch. 14 para. 4s. 332D(1) words inserted by 2016 c. 24 s. 59(2)s. 332D(2) word inserted by 2016 c. 24 s. 59(3)(b)s. 332D(2) words substituted by 2016 c. 24 s. 59(3)(a)s. 332D(3)(b) word inserted by 2016 c. 24 s. 59(4)(b)s. 332D(3)(b) words substituted by 2016 c. 24 s. 59(4)(a)s. 332D(5)-(10) inserted by 2016 c. 24 s. 59(5)s. 332F(2)(b) words inserted by 2016 c. 24 s. 60(2)s. 332F(3)-(8) substituted for s. 332F(3) by 2016 c. 24 s. 60(2)s. 332DA(5) word substituted by S.I. 2016/898 reg. 15(3)s. 332DB(5) word substituted by S.I. 2016/898 reg. 15(4)s. 340(6)(7) inserted by S.I. 2013/2910 art. 5s. 341(4)-(6) inserted by 2012 c. 14 Sch. 22 para. 7(3)s. 342(5A)(5B) inserted by S.I. 2013/2910 art. 7s. 344(5)-(7) inserted by 2012 c. 14 Sch. 22 para. 10(4)s. 349(2A) inserted by 2012 c. 14 Sch. 22 para. 14(4)s. 349A inserted by 2012 c. 14 Sch. 22 para. 15s. 349A modified by 2015 c. 11 Sch. 13 para. 3s. 349A(1)(a)(aa) substituted for s. 349A(1)(a) by S.I. 2013/2910 art. 9s. 352(d)-(f) inserted by S.I. 2012/3153 art. 3s. 352(1) s. 352 renumbered as s. 352(1) by 2014 c. 26 Sch. 15 para. 4(2)s. 352(1) words inserted by 2014 c. 26 Sch. 15 para. 4(3)s. 352(2)(3) inserted by 2014 c. 26 Sch. 15 para. 4(4)s. 353A(4)(za) inserted by 2014 c. 26 s. 39(3)s. 355A-355C inserted by S.I. 2012/3153 art. 5s. 356(1)(d)-(f) inserted by S.I. 2012/3153 art. 6(2)s. 356(4)-(8) inserted by S.I. 2012/3153 art. 6(4)s. 356A inserted by S.I. 2013/2910 art. 10s. 356C(4A) inserted by 2016 c. 24 s. 61(2)s. 356C(9)(a) words substituted by 2015 c. 11 Sch. 14 para. 5s. 356J(4) word substituted by S.I. 2016/898 reg. 15(6)s. 356AA s. 357 renumbered as s. 356AA by 2014 c. 26 Sch. 15 para. 2s. 356AA words inserted by 2014 c. 26 Sch. 15 para. 5(4)s. 356DB omitted by 2015 c. 11 Sch. 14 para. 6s. 356IB inserted by 2015 c. 11 Sch. 14 para. 7s. 356IB(2) word substituted by S.I. 2016/898 reg. 15(5)s. 356JB words substituted by 2015 c. 11 Sch. 14 para. 8s. 356JD word substituted by S.I. 2016/898 reg. 15(7)s. 356JH(2)(b) words inserted by 2016 c. 24 s. 63(2)s. 356JH(3)-(8) substituted for s. 356JH(3) by 2016 c. 24 s. 63(3)s. 356CAA inserted by 2016 c. 24 s. 61(3)s. 356JFA(2) word inserted by 2016 c. 24 s. 62(2)s. 356JFA(3)(b) word inserted by 2016 c. 24 s. 62(3)s. 356JFA(5) inserted by 2016 c. 24 s. 62(4)s. 357(1) s. 357 renumbered as s. 357(1) by S.I. 2013/2910 art. 11(2)s. 357(1) words substituted by S.I. 2013/2910 art. 11(3)s. 357(2) inserted by S.I. 2013/2910 art. 11(4)s. 357A(6)(7) substituted by 2016 c. 24 s. 64(2)(a)s. 357A(11) inserted by 2016 c. 24 s. 64(2)(b)s. 357B(3)(b)(ii) words substituted by 2016 c. 24 Sch. 9 para. 2s. 357C(A1) inserted by 2016 c. 24 Sch. 9 para. 4(2)s. 357C(1) words inserted by 2016 c. 24 Sch. 9 para. 4(3)(c)s. 357C(1) words inserted by 2016 c. 24 Sch. 9 para. 4(3)(e)s. 357C(1) words omitted by 2016 c. 24 Sch. 9 para. 4(3)(a)s. 357C(1) words substituted by 2016 c. 24 Sch. 9 para. 4(3)(b)s. 357C(1) words substituted by 2016 c. 24 Sch. 9 para. 4(3)(d)s. 357D(1) words inserted by 2016 c. 24 Sch. 9 para. 12(2)s. 357D(4) substituted by 2016 c. 24 Sch. 9 para. 12(3)s. 357G heading words substituted by 2016 c. 24 Sch. 9 para. 19(2)s. 357G(1) words substituted by 2016 c. 24 Sch. 9 para. 19(3)s. 357H(7) words inserted by 2016 c. 24 Sch. 8 para. 13s. 357P(1)(b) word omitted by 2016 c. 24 s. 47(11)(a)(i)s. 357P(1)(c) omitted by 2016 c. 24 s. 47(11)(a)(ii)s. 357P(2)(d)(e) omitted by 2016 c. 24 s. 47(11)(b)s. 357CA(2) words substituted by 2016 c. 24 Sch. 9 para. 5s. 357CB-357CF omitted by 2016 c. 24 Sch. 9 para. 6s. 357CG(1) words inserted by 2016 c. 24 Sch. 9 para. 7(2)s. 357CG(3)(a) word omitted by 2013 c. 29 Sch. 18 para. 18(2)s. 357CG(3)(c)(d) inserted by 2013 c. 29 Sch. 18 para. 18(2)s. 357CG(3)(c) word omitted by 2014 c. 26 Sch. 4 para. 15(2)s. 357CG(3)(e) and word inserted by 2014 c. 26 Sch. 4 para. 15(2)s. 357CG(4) words inserted by 2013 c. 29 Sch. 15 para. 10(a)s. 357CG(4) words substituted by 2016 c. 24 Sch. 9 para. 7(3)s. 357CG(5A) inserted by 2013 c. 29 Sch. 18 para. 18(3)s. 357CG(6) word omitted by 2013 c. 29 Sch. 18 para. 18(4)(c)s. 357CG(6) word omitted by 2014 c. 26 Sch. 4 para. 15(3)(b)s. 357CG(6) words inserted by 2013 c. 29 Sch. 18 para. 18(4)(b)s. 357CG(6) words inserted by 2013 c. 29 Sch. 18 para. 18(4)(d)s. 357CG(6) words inserted by 2014 c. 26 Sch. 4 para. 15(3)(a)s. 357CG(6) words inserted by 2014 c. 26 Sch. 4 para. 15(3)(b)s. 357CG(6) words omitted by 2014 c. 26 Sch. 4 para. 15(3)(a)s. 357CG(6) words substituted by 2013 c. 29 Sch. 18 para. 18(4)(a)s. 357CG(6) words substituted by 2016 c. 24 Sch. 9 para. 7(4)s. 357CI(1) words substituted by 2016 c. 24 Sch. 9 para. 8s. 357CJ 357CK omitted by 2016 c. 24 Sch. 9 para. 9s. 357CK(1)(e)(f) inserted by 2013 c. 29 Sch. 18 para. 20(2)s. 357CK(3)(a)(i) words in s. 357CK(3)(a) renumbered as s. 357CK(3)(a)(i) by 2013 c. 29 Sch. 15 para. 11(a)s. 357CK(3)(a)(ii) and word inserted by 2013 c. 29 Sch. 15 para. 11(b)s. 357CK(3)(b) words inserted by 2013 c. 29 Sch. 15 para. 11(c)s. 357CK(7A)(7B) inserted by 2013 c. 29 Sch. 18 para. 20(3)s. 357CL(1) words substituted by 2016 c. 24 Sch. 9 para. 10(2)s. 357CL(5) words substituted by 2014 c. 26 Sch. 1 para. 13(2)(a)s. 357CL(6) words substituted by 2014 c. 26 Sch. 1 para. 13(2)(b)(i)s. 357CL(6) words substituted by 2014 c. 26 Sch. 1 para. 13(2)(b)(ii)s. 357CL(6) words substituted by 2016 c. 24 Sch. 9 para. 10(3)s. 357CL(9) omitted by 2014 c. 26 Sch. 1 para. 13(2)(c)s. 357CM(1) words substituted by 2016 c. 24 Sch. 9 para. 11s. 357CM(5) words substituted by 2014 c. 26 Sch. 1 para. 13(3)(a)s. 357CM(6) words substituted by 2014 c. 26 Sch. 1 para. 13(3)(b)(i)s. 357CM(6) words substituted by 2014 c. 26 Sch. 1 para. 13(3)(b)(ii)s. 357CM(8) omitted by 2014 c. 26 Sch. 1 para. 13(3)(c)s. 357DA(1) words inserted by 2016 c. 24 Sch. 9 para. 13(2)(b)s. 357DA(1) words inserted by 2016 c. 24 Sch. 9 para. 13(2)(d)s. 357DA(1) words substituted by 2016 c. 24 Sch. 9 para. 13(2)(a)(i)s. 357DA(1) words substituted by 2016 c. 24 Sch. 9 para. 13(2)(a)(ii)s. 357DA(1) words substituted by 2016 c. 24 Sch. 9 para. 13(2)(c)s. 357DA(4) words substituted by 2016 c. 24 Sch. 9 para. 13(3)s. 357DC(8)(a) words substituted by 2016 c. 24 Sch. 9 para. 14(2)s. 357DC(9)(a) words substituted by 2016 c. 24 Sch. 9 para. 14(3)s. 357EB(3)(a) words substituted by 2016 c. 24 Sch. 9 para. 15s. 357ED(2)(c) words substituted by 2016 c. 24 Sch. 9 para. 16s. 357FA(2) word substituted by 2016 c. 24 Sch. 9 para. 17s. 357FB(2)(b)(ii) word omitted by 2016 c. 24 s. 64(4)(a)(i)s. 357FB(2)(b)(iv) and word inserted by 2016 c. 24 s. 64(4)(a)(ii)s. 357FB(4)(b) words substituted by 2016 c. 24 Sch. 9 para. 18s. 357FB(4A) inserted by 2016 c. 24 s. 64(4)(b)s. 357GA heading words substituted by 2016 c. 24 Sch. 9 para. 20(2)s. 357GA(1) words substituted by 2016 c. 24 Sch. 9 para. 20(3)s. 357GA(5) words substituted by 2016 c. 24 Sch. 9 para. 20(4)s. 357GB(11) words inserted by 2016 c. 24 Sch. 9 para. 21(2)(a)s. 357GB(11)(a) words inserted by 2016 c. 24 Sch. 9 para. 21(2)(b)s. 357GB(12) words substituted by 2016 c. 24 Sch. 9 para. 21(3)s. 357GC(3) words substituted by 2016 c. 24 Sch. 9 para. 22s. 357GE(1) words inserted by 2016 c. 24 Sch. 9 para. 23(2)(a)s. 357GE(1) words omitted by 2016 c. 24 Sch. 9 para. 23(2)(b)s. 357GE(1) words substituted by 2016 c. 24 s. 75(2)s. 357GE(1A) inserted by 2016 c. 24 Sch. 9 para. 23(3)s. 357PF omitted by 2016 c. 24 s. 47(12)s. 357CHA inserted by 2013 c. 29 Sch. 18 para. 19s. 357GCA and cross-heading inserted by 2016 c. 24 s. 64(5)s. 394A(1) s. 394A renumbered as s. 394A(1) by 2012 c. 14 s. 24(5)(a)s. 394A(2) inserted by 2012 c. 14 s. 24(5)(b)s. 394ZA inserted by 2012 c. 14 s. 24(4)s. 398D(6)(6A) omitted by 2015 c. 33 s. 36(2)(a)s. 398D(6)(6A) substituted for s. 398D(6) by 2012 c. 14 Sch. 20 para. 38s. 432(1A) inserted by 2013 c. 29 Sch. 14 para. 2(2)s. 438(2A)(2B) inserted by 2013 c. 29 Sch. 30 para. 2(1)s. 456(2A) inserted by 2016 c. 24 s. 51(1)s. 464A(3) words substituted by 2016 c. 24 s. 50(3)s. 527(2)(aa) inserted by 2012 c. 14 Sch. 4 para. 14s. 527(3)(aa) inserted by 2012 c. 14 Sch. 4 para. 14s. 527(5)-(8) inserted by 2012 c. 14 Sch. 4 para. 3s. 528(4A)(4B) inserted by 2012 c. 14 Sch. 4 para. 4(3)s. 528(4A)(i)(j) inserted by S.I. 2014/518 reg. 2(2)s. 528A 528B inserted by 2012 c. 14 Sch. 4 para. 16s. 530(4)(4A) substituted for s. 530(4) by 2013 c. 29 Sch. 19 para. 2(3)s. 530(6D) word substituted by 2012 c. 14 Sch. 4 para. 22s. 530A inserted by 2012 c. 14 Sch. 4 para. 23s. 530A(2) word substituted by 2013 c. 29 Sch. 19 para. 3(2)s. 530A(6) word substituted by 2013 c. 29 Sch. 19 para. 3(3)s. 530A(10) inserted by 2013 c. 29 Sch. 19 para. 3(4)s. 531(4A)(4B) inserted by 2013 c. 29 Sch. 19 para. 4(2)s. 531(5)(b) words inserted by 2013 c. 29 Sch. 19 para. 4(3)s. 531(8) inserted by 2012 c. 14 Sch. 4 para. 27(4)s. 531(9) inserted by 2013 c. 29 Sch. 19 para. 4(5)s. 543(3)(3A) substituted for s. 543(3) by 2012 c. 14 Sch. 4 para. 40(3)s. 544(5)(f)(g) inserted by S.I. 2014/518 reg. 2(3)(b)s. 544(6) inserted by 2012 c. 14 Sch. 4 para. 41(3)s. 548(9)-(11) inserted by 2013 c. 29 Sch. 19 para. 5(4)s. 549(2A) words inserted by 2013 c. 29 Sch. 19 para. 6(2)s. 549(3A) inserted by 2013 c. 29 Sch. 19 para. 6(3)s. 549A inserted by 2013 c. 29 Sch. 19 para. 7s. 550(2)(a)(aa) substituted for s. 550(2)(a) by 2013 c. 29 Sch. 19 para. 8(a)s. 556(1)(c) and word inserted by 2012 c. 14 Sch. 4 para. 43(2)(b)s. 556(3)(d) and word inserted by 2012 c. 14 Sch. 4 para. 43(3)(b)s. 561(5)-(8) inserted by 2012 c. 14 Sch. 4 para. 7s. 562A inserted by 2012 c. 14 Sch. 4 para. 9s. 562B 562C inserted by 2012 c. 14 Sch. 4 para. 18s. 565(4) inserted by 2012 c. 14 Sch. 4 para. 25(3)s. 572(5A) inserted by 2012 c. 14 Sch. 4 para. 10(3)s. 573A inserted by 2012 c. 14 Sch. 4 para. 11s. 573B inserted by 2012 c. 14 Sch. 4 para. 20s. 577(8) inserted by 2012 c. 14 Sch. 4 para. 12(4)s. 588(7) inserted by 2013 c. 29 Sch. 19 para. 9s. 589(7) inserted by 2013 c. 29 Sch. 19 para. 10s. 605(1A) inserted by 2013 c. 29 Sch. 19 para. 11s. 620(5) inserted by S.I. 2012/2595 art. 21s. 658(1A)(c) words substituted by 2013 c. 29 Sch. 21 para. 4s. 658(1C) inserted by S.I. 2015/725 reg. 3(b)s. 660(4A) substituted by S.I. 2015/725 reg. 10(4)s. 661D and cross-heading inserted by 2012 c. 14 Sch. 15 para. 6s. 661D cross-heading words omitted by 2014 c. 26 s. 35(12)(a)s. 661E inserted by 2014 c. 26 s. 35(9)s. 661CA inserted by S.I. 2015/725 reg. 4s. 664(1)(c) and word inserted by 2014 c. 26 s. 35(10)(a)s. 665A(1)(b) words substituted by 2014 c. 26 s. 35(11)s. 672(3A) inserted by 2013 c. 29 Sch. 13 para. 1(2)(a)s. 672(7)(ba) inserted by 2013 c. 29 Sch. 13 para. 1(2)(b)s. 724A inserted by 2014 c. 26 s. 37(4)s. 730B(1) words inserted by 2014 c. 26 s. 38(1)s. 730G(4) words inserted by 2015 c. 33 s. 37(2)s. 730G(5A) inserted by 2015 c. 33 s. 37(3)s. 730G(7)(a) word omitted by 2015 c. 33 s. 37(4)(a)(ii)s. 730G(7)(a) word substituted by 2015 c. 33 s. 37(4)(a)(i)s. 730G(7)(b) words inserted by 2015 c. 33 s. 37(4)(c)s. 730G(7)(aa) inserted by 2015 c. 33 s. 37(4)(b)s. 730G(8) word inserted by 2015 c. 33 s. 37(5)s. 730H(1) words inserted by 2015 c. 33 s. 37(6)s. 751(1) s. 751 renumbered as s. 751(1) by 2016 c. 24 Sch. 1 para. 33(2)s. 751(1) word omitted by 2016 c. 24 Sch. 1 para. 33(3)s. 751(2) inserted by 2016 c. 24 Sch. 1 para. 33(4)s. 758(2A) inserted by 2012 c. 14 Sch. 13 para. 38s. 763(2A) inserted by 2012 c. 14 Sch. 13 para. 39(3)s. 767(2A) inserted by 2012 c. 14 Sch. 13 para. 41s. 793(8) inserted by 2012 c. 14 s. 22(2)s. 812(1)-(1C) substituted by 2013 c. 29 s. 76(5)s. 812(5A) inserted by 2012 c. 14 s. 22(3)s. 812(7) inserted by 2013 c. 29 s. 76(7)s. 814D(8) omitted by 2016 c. 24 Sch. 1 para. 34s. 931H heading word substituted by 2010 c. 33 Sch. 3 para. 3(3)(a)s. 931H(1) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(b)(ii)s. 931H(1) words inserted by 2010 c. 33 Sch. 3 para. 3(3)(b)(i)s. 931H(2) words substituted by 2010 c. 33 Sch. 3 para. 3(3)(c)s. 931H(3) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(d)(i)s. 931H(3) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(d)(ii)s. 931H(4) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(d)(i)s. 931H(4) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(d)(ii)s. 931H(5) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(e)(i)s. 931H(5) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(e)(ii)s. 931H(5) word substituted by 2010 c. 33 Sch. 3 para. 3(3)(e)(iii)s. 931RA and cross-heading inserted by 2010 c. 33 Sch. 3 para. 3(4)s. 938M(1) words substituted by 2012 c. 14 Sch. 20 para. 39(2)s. 938M(2) words substituted by 2012 c. 14 Sch. 20 para. 39(3)(a)s. 938M(2) words substituted by 2012 c. 14 Sch. 20 para. 39(3)(b)s. 938N(da) inserted by 2016 c. 24 Sch. 10 para. 7(b)s. 938V(c) omitted by 2016 c. 24 Sch. 10 para. 8(a)s. 938V(ca) inserted by 2016 c. 24 Sch. 10 para. 8(b)s. 950(3A) inserted by 2012 c. 14 s. 24(7)s. 967(5) entry inserted by 2012 c. 14 Sch. 15 para. 10(3)s. 967(5) inserted by 2012 c. 14 Sch. 15 para. 10(2)s. 996A and cross-heading inserted by 2016 c. 24 Sch. 2 para. 3s. 1020(2A) inserted by 2012 c. 14 s. 33(3)(b)s. 1029(1)(ca) inserted by 2013 c. 29 s. 43(4)s. 1029(1)(ca) repealed by S.I. 2013/3209 reg. 12(a)(iii)s. 1032A and cross-heading inserted by 2013 c. 29 s. 43(5)s. 1032A and heading repealed by S.I. 2013/3209 reg. 12(a)(iv)s. 1038A inserted by 2013 c. 29 s. 40(3)s. 1070(5A) inserted by 2016 c. 24 Sch. 1 para. 37(3)s. 1071(5A) inserted by 2016 c. 24 Sch. 1 para. 38(3)s. 1100(4A) inserted by 2016 c. 24 Sch. 1 para. 39(3)s. 1100(7) inserted by 2015 c. 11 s. 19(9)s. 1100(7) words substituted by 2016 c. 24 Sch. 1 para. 39(5)(a)s. 1100(7) words substituted by 2016 c. 24 Sch. 1 para. 39(5)(b)s. 1109(5)(ca) inserted by 2013 c. 29 Sch. 29 para. 44(3)s. 1115(7) inserted by 2016 c. 24 Sch. 1 para. 44(3)s. 1139(2)(f) and word inserted by 2015 c. 11 s. 115(3)s. 1139(2)(da) inserted by 2012 c. 14 Sch. 20 para. 40(b)s. 1139(2)(da) word omitted by 2015 c. 11 s. 115(3)s. 1158(2) words substituted by 2013 c. 29 s. 45(1)s. 1171(2)(h) and word inserted by 2012 c. 14 Sch. 16 para. 230(b)Sch. 1 para. 539(b)(c) omitted by 2013 c. 29 Sch. 29 para. 45Sch. 1 para. 544(c)(d) omitted by 2013 c. 29 Sch. 12 para. 16456Exceptions to the charge under section 455E+W+S+N.I.This section has no associated Explanatory Notes(1)Section 455 does not apply to a loan or advance made in the ordinary course of a business carried on by a company if the business includes the lending of money.
(2)Section 455(4)(a) does not apply to a debt incurred for the supply by a close company of goods or services in the ordinary course of its trade or business unless the credit given exceeds 6 months or is longer than that normally given to the company's customers.
(3)Section 455 does not apply to a loan or advance made to—
(a)a director of a close company,
(b)an employee of such a company,
(c)a director of an associated company of such a company, or
(d)an employee of such an associated company,
if conditions A, B and C are met (but see subsection (7)).
(a)the amount of the loan or advance does not exceed £15,000, and
(b)that amount does not exceed £15,000 when taken together with any other outstanding loans and advances which were made to the borrower by—
(i)the close company, or
(ii)any of its associated companies.
(5)Condition B is that the borrower works full-time for the close company or any of its associated companies.
(6)Condition C is that the borrower does not have a material interest in the close company or in any of its associated companies.
(7)If the borrower acquires such a material interest at a time when the whole or part of any loan or advance within subsection (3) remains outstanding, the close company is to be treated as making to the borrower at that time a loan or advance of an amount equal to the sum outstanding.
(8)For the meaning of “material interest in a company”, see section 457.