Source: http://www.legislation.gov.uk/ukpga/2010/4/part/2
Timestamp: 2016-12-09 21:14:51
Document Index: 503514421

Matched Legal Cases: ['art. 13', 'art. 14', 'art. 3', 'art. 3', 'art. 5', 'art. 7', 'art. 9', 'art. 3', 'art. 5', 'art. 6', 'art. 4', 'art. 6', 'art. 10', 'art. 11', 'art. 11', 'art. 11', 'art. 21', 'art. 16', 'art. 16', 'art. 2', 'art. 2', 'art 2']

Table of ContentsContentExplanatory NotesMore ResourcesPrevious: PartNext: PartPlain 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 applied (with modifications) by S.I. 2011/245 Sch. 6 Pt. 1Act 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. 13 Ch. 3A inserted by 2011 c. 11 s. 50Pt. 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. 21A inserted by 2010 c. 13 Sch. 16 para. 3Pt. 21B inserted by 2011 c. 11 Sch. 5 para. 2Pt. 21C inserted by 2011 c. 11 Sch. 3 para. 2Pt. 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)(i) inserted by 2010 c. 13 Sch. 16 para. 2s. 1(4)(j) inserted by 2011 c. 11 Sch. 5 para. 1s. 1(4)(k) and word inserted by 2011 c. 11 Sch. 3 para. 20(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. 6(1A) inserted by 2011 c. 11 Sch. 7 para. 1(3)s. 7(1A) inserted by 2011 c. 11 Sch. 7 para. 2(3)s. 7(4) inserted by 2011 c. 11 Sch. 7 para. 2(6)s. 9A 9B inserted by 2011 c. 11 Sch. 7 para. 3s. 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. 17(3A) inserted by 2011 c. 11 Sch. 7 para. 4s. 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. 65(4A) inserted by 2011 c. 11 Sch. 14 para. 8(2)(c)s. 67A applied by 2001 c. 2 s. 250A(2) (as inserted) by 2011 c. 11 Sch. 14 para. 12(14)s. 67A inserted by 2011 c. 11 Sch. 14 para. 8(3)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 2010 c. 33 Sch. 6 para. 3(a)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. 130(2)(d) words substituted by 2010 c. 33 Sch. 6 para. 3(b)s. 133(1)(f)(g) substituted for s. 133(1)(f) by 2010 c. 33 Sch. 6 para. 4(2)(b)s. 133(1)(g) and word omitted by 2015 c. 33 s. 35(1)(a)(ii)s. 133(2)(f)(g) substituted for s. 133(2)(f) by 2010 c. 33 Sch. 6 para. 4(3)(b)s. 133(2)(g) and word omitted by 2015 c. 33 s. 35(1)(b)(ii)s. 133(5)-(8) inserted by 2010 c. 33 Sch. 6 para. 4(4)s. 133(5)-(8) omitted by 2015 c. 33 s. 35(1)(c)s. 134A inserted by 2010 c. 33 Sch. 6 para. 5s. 134A omitted by 2015 c. 33 s. 35(2)(c)s. 143(3)(d) and word inserted by 2010 c. 33 Sch. 6 para. 7(2)(b)s. 144(3)(d) and word inserted by 2010 c. 33 Sch. 6 para. 8(2)(b)s. 146(3)(aa) inserted by 2010 c. 33 Sch. 6 para. 6(2)(b)s. 146A 146B inserted by 2010 c. 33 Sch. 6 para. 9s. 155A 155B inserted by S.I. 2012/266 art. 13(1)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. 174A 174B inserted by S.I. 2012/266 art. 14(1)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. 202(2)(c) word inserted by S.I. 2012/964 art. 3(1) Sch.s. 202(2)(e) and word omitted by S.I. 2012/964 art. 3(1) Sch.s. 202A inserted by 2014 c. 26 s. 35(6)s. 209(1A)-(1C) inserted by 2010 c. 13 Sch. 7 para. 6(3)s. 209(2)(aa) inserted by 2010 c. 13 Sch. 7 para. 6(4)s. 210A inserted by 2010 c. 13 Sch. 7 para. 7s. 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. 269BA(1A)(1B) inserted (retrospectively) 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(5A)(5B) inserted (retrospectively) by 2016 c. 24 s. 56(9)(a)s. 269DO(6) words substituted by 2016 c. 24 s. 56(9)(b)s. 269DO(6) words substituted (retrospectively) 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(3) inserted by S.I. 2010/1899 art. 4(3)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. 383(1A) inserted by 2010 c. 13 Sch. 18 para. 3s. 387(7)-(10) substituted for s. 387(7)(8) by 2011 c. 11 Sch. 6 para. 2(4)s. 394A and cross-heading inserted by 2010 c. 13 Sch. 18 para. 5s. 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. 398A-398G and cross-heading inserted by 2010 c. 13 Sch. 18 para. 6s. 398A(1)(a) words inserted by 2011 c. 11 s. 54(1)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. 398G(2) omitted by 2011 c. 11 Sch. 6 para. 6(2)s. 398G(3)(4) substituted for s. 398G(3) by 2011 c. 11 Sch. 6 para. 6(3)s. 403(3)(4) inserted by 2011 c. 11 Sch. 6 para. 9(3)s. 410(6)-(9) substituted for s. 410(6)(7) by 2011 c. 11 Sch. 6 para. 11(4)s. 421(6A)(6B) inserted by 2011 c. 11 Sch. 6 para. 15(3)s. 432(1A) inserted by 2013 c. 29 Sch. 14 para. 2(2)s. 434(5) inserted by 2011 c. 11 Sch. 6 para. 17(3)s. 435(1A) inserted by 2011 c. 11 Sch. 6 para. 18(3)s. 435(2)(d) and word inserted by 2011 c. 11 Sch. 6 para. 18(4)(b)s. 436(7) inserted by 2011 c. 11 Sch. 6 para. 19s. 437(8A) inserted by 2010 c. 13 Sch. 18 para. 7s. 437A-437C inserted by 2011 c. 11 Sch. 6 para. 22s. 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. 472A inserted by 2010 c. 13 Sch. 8 para. 1(2)s. 477A and cross-heading inserted by 2010 c. 13 Sch. 8 para. 7s. 477A(A1) inserted by 2012 c. 14 Sch. 15 para. 3(2)s. 477A(1) word inserted by 2012 c. 14 Sch. 15 para. 3(3)s. 491A and cross-heading inserted by 2012 c. 14 Sch. 15 para. 4s. 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(6A)-(6D) inserted by 2010 c. 33 Sch. 4 para. 4(4)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) inserted by 2010 c. 33 Sch. 4 para. 5s. 549(2A) word substituted by 2016 c. 24 Sch. 1 para. 32(3)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. 554A inserted by 2010 c. 33 Sch. 4 para. 8s. 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. 564(10) inserted by 2010 c. 33 Sch. 4 para. 9(3)s. 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. 599A applied by 2007 c. 3 s. 973(3B) (as inserted) by 2010 c. 33 Sch. 4 para. 2s. 599A inserted by 2010 c. 33 Sch. 4 para. 10s. 605(1A) inserted by 2013 c. 29 Sch. 19 para. 11s. 605(2A)(2B) inserted by 2010 c. 33 Sch. 4 para. 11s. 620(5) inserted by S.I. 2012/2595 art. 21s. 658(1)-(1B) substituted for s. 658(1) by 2012 c. 14 s. 52(1)s. 658(1)(d)(e) inserted by 2010 c. 13 Sch. 6 para. 31s. 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. 659(2A)-(2D) inserted by 2013 c. 29 Sch. 21 para. 2(3)s. 660(1)(ba) inserted by 2013 c. 29 Sch. 21 para. 3(2)s. 660(4A) inserted by 2013 c. 29 Sch. 21 para. 3(4)s. 660(4A) substituted by S.I. 2015/725 reg. 10(4)s. 660(5A)(5B) inserted by 2013 c. 29 Sch. 21 para. 3(5)s. 660(8)-(11) inserted by 2013 c. 29 Sch. 21 para. 3(6)s. 660(12)(13) inserted by 2013 c. 29 Sch. 21 para. 3(7)s. 660A inserted by 2013 c. 29 Sch. 21 para. 5s. 661A-661C inserted by 2010 c. 13 Sch. 6 para. 32s. 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. 662(5A)(5B) inserted by 2013 c. 29 Sch. 21 para. 6s. 663(5A)(5B) inserted by 2013 c. 29 Sch. 21 para. 7s. 664(1)(c) and word inserted by 2014 c. 26 s. 35(10)(a)s. 665A and cross-heading inserted by 2012 c. 14 Sch. 15 para. 7s. 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(d) omitted by 2016 c. 24 Sch. 10 para. 7(a)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. 939C(8) modified (temp.) by 2011 c. 11 Sch. 3 para. 31(b)s. 940A s. 938 renumbered as s. 940A by 2011 c. 11 Sch. 5 para. 3(1)(a)s. 940A(2) word substituted by 2011 c. 11 Sch. 5 para. 3(2)(a)s. 940A(3) word substituted by 2011 c. 11 Sch. 5 para. 3(2)(b)s. 940B s. 939 renumbered as s. 940B by 2011 c. 11 Sch. 5 para. 3(1)(b)s. 940C s. 940 renumbered as s. 940C by 2011 c. 11 Sch. 5 para. 3(1)(c)s. 948(6)(za) inserted by 2011 c. 11 Sch. 6 para. 24s. 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. 987A and cross-heading inserted by 2013 c. 29 s. 38(1)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. 1027A inserted by 2010 c. 33 Sch. 3 para. 1(3)s. 1029(1)(aa) inserted by S.I. 2012/266 art. 16(2)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. 1030A 1030B and cross-heading inserted by S.I. 2012/266 art. 16(3)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)(e) and word inserted by 2011 c. 11 Sch. 19 para. 48(2)(b)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. 1139(3A) inserted by 2011 c. 11 Sch. 19 para. 48(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. 16Commencement Orders yet to be applied to the Corporation Tax Act 2010Commencement OrdersThis section lists the commencement orders yet to be applied to the whole 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. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing legislation that affects this Act into force:S.I. 2011/2977 art. 2 commences (2011 c. 11)S.I. 2012/887 art. 2 3 commences (2011 c. 20) Part 2 E+W+S+N.I.Calculation of liability in respect of profitsChapter 1E+W+S+N.I.Introduction2Overview of PartE+W+S+N.I.(1)This Part contains provisions that relate to the calculation of the corporation tax chargeable on a company's profits of an accounting period.
Chapter 2E+W+S+N.I.Rates at which corporation tax on profits charged3Corporation tax ratesE+W+S+N.I.(1)Corporation tax is charged at the rate set by Parliament for the financial year (“the main rate”).
(2)Section 18 provides for tax to be charged at the small profits rate instead of the main rate in certain cases.
(3)In this Act “the small profits rate” means a rate that is—
(a)lower than the main rate, and
(b)set by Parliament as the small profits rate.
Chapter 3E+W+S+N.I.Calculation of amount to which rates applied4Amount of profits to which corporation tax rates appliedE+W+S+N.I.(1)In the calculation under paragraph 8(1) of Schedule 18 to FA 1998 of the amount of corporation tax payable for an accounting period of a company, the first step is to apply the rate or rates of corporation tax applicable to the profits of the company of the period on which tax is chargeable.
Chapter 4E+W+S+N.I.CurrencyThe currency to be used in tax calculationsE+W+S+N.I.5Basic rule: sterling to be usedE+W+S+N.I.(1)For corporation tax purposes the income and chargeable gains of a company for an accounting period must be calculated and expressed in sterling.
6UK resident company operating in sterling and preparing accounts in another currencyE+W+S+N.I.(1)This section applies if, for a period of account, in accordance with generally accepted accounting practice, a UK resident company—
7UK resident company operating in currency other than sterling and preparing accounts in another currencyE+W+S+N.I.(1)This section applies if, for a period of account, in accordance with generally accepted accounting practice—
(a)a UK resident company prepares its accounts in one currency,
Calculate those profits or losses in the functional currency as if the company prepared its accounts in that currency.
(3)If this section applies, assume that any sterling amount mentioned in the Corporation Tax Acts is its equivalent expressed in the functional currency of the company.
8UK resident company preparing accounts in currency other than sterlingE+W+S+N.I.(1)This section applies if, for a period of account—
9Non-UK resident company preparing return of accounts in currency other than sterlingE+W+S+N.I.(1)This section applies if—
(a)a non-UK resident company carries on a trade in the United Kingdom through a permanent establishment in the United Kingdom, and
(b)for a period of account, the company prepares its return of accounts in a currency other than sterling (the “accounts currency”).
(4)The reference in subsection (1) to the company's “return of accounts” is to a return of such accounts of its permanent establishment in the United Kingdom as may be required under paragraph 3 of Schedule 18 to FA 1998 (company tax returns).
Translating amounts into other currenciesE+W+S+N.I.10The equivalent in another currency of a sterling amountE+W+S+N.I.(1)Subsection (2) applies if, for the purposes of calculating the profits or losses of a company arising in an accounting period, section 7(3), 8(3) or 9(3) requires a sterling amount to be translated into its equivalent expressed in another currency.
11Sterling equivalents: basic ruleE+W+S+N.I.(1)Subsection (2) applies if, for the purposes of calculating the profits or losses of a company arising in an accounting period, section 7(2), 8(2) or 9(2) requires a profit or loss to be translated into its sterling equivalent.
12Sterling equivalents: carried-back amountsE+W+S+N.I.(1)This section applies if, for the purpose of calculating a carried-back amount in respect of a company, a loss (“the loss”) is required by section 7(2), 8(2) or 9(2) to be translated into its sterling equivalent.
Rule 1 applies if the later tax calculation currency is the same as the earlier tax calculation currency.Rule 1 is that the loss must be translated into its sterling equivalent by reference to the same rate of exchange as that at which the profit against which the carried-back amount is to be set off is required to be translated under section 11.Rule 2 applies if—
(a)the later tax calculation currency is not the same as the earlier tax calculation currency, and
(b)the earlier tax calculation currency is sterling.
Rule 2 is that the loss must be translated into its sterling equivalent by reference to the spot rate of exchange for the last day of the relevant accounting period.Rule 3 applies if—
(b)the earlier tax calculation currency is a currency other than sterling.
(a)being translated into the earlier tax calculation currency by reference to the spot rate of exchange for the last day of the relevant accounting period, and
(b)is a period in which the tax calculation currency of the company is the same as the earlier tax calculation currency.
13Sterling equivalents: carried-forward amountsE+W+S+N.I.(1)This section applies if, for the purpose of calculating a carried-forward amount in respect of a company, a loss (“the loss”) is required by section 7(2), 8(2) or 9(2) to be translated into its sterling equivalent.
Rule 1 applies if the earlier tax calculation currency is the same as the later tax calculation currency.Rule 1 is that the loss must be translated into its sterling equivalent by reference to the same rate of exchange as that at which the profit against which the carried-forward amount is to be set off is required to be translated under section 11.Rule 2 applies if—
(a)the earlier tax calculation currency is not the same as the later tax calculation currency, and
(b)the later tax calculation currency is sterling.
Rule 2 is that the loss must be translated into its sterling equivalent by reference to the spot rate of exchange for the first day of the relevant accounting period.Rule 3 applies if—
(b)the later tax calculation currency is a currency other than sterling.
(a)being translated into the later tax calculation currency by reference to the spot rate of exchange for the first day of the relevant accounting period, and
(b)is a period in which the tax calculation currency of the company is the same as the later tax calculation currency.
Adjustment of sterling lossesE+W+S+N.I.14Carried-back amountsE+W+S+N.I.(1)This section applies if conditions A, B and C are met.
15Carried-forward amountsE+W+S+N.I.(1)This section applies if conditions A, B and C are met.
InterpretationE+W+S+N.I.16Sections 13(2) and 15(5): profit against which carried-forward amount to be set offE+W+S+N.I.(1)This section is about the interpretation of the references in sections 13(2) and 15(5) to the profit against which a carried-forward amount is to be set off, in a case where the carried-forward amount—
17Interpretation of ChapterE+W+S+N.I.(1)References in this Chapter to the accounts of a UK resident company are to—
(c)an amount carried back by virtue of a claim under section 459(1)(b) of CTA 2009 (non-trading deficits from loan relationships).
(a)an amount carried forward under section 45 (carry forward of trade loss against subsequent trade profits),
(f)an amount carried forward under section 76(12) or (13) of ICTA (certain expenses of insurance companies),
(g)an amount carried forward under section 436A(4) of ICTA (insurance companies: losses from gross roll-up business),
(i)an amount carried forward under section 457(3) of CTA 2009 (non-trading deficits from loan relationships),
(4)References in this Chapter to a company's functional currency are to the currency of the primary economic environment in which the company operates.