452“Director”U.K.
(1)In this Part, “director”, in relation to a company, includes—
(a)a person occupying the position of director of the company, by whatever name called,
(b)a person in accordance with whose directions or instructions the directors of the company are accustomed to act, and
(c)a person within subsection (2).
(2)A person (P) is within this subsection if P—
(a)is a manager of the company or otherwise concerned in the management of the company's trade or business, and
(b)is—
(i)the beneficial owner of, or
(ii)directly or indirectly able to control,
at least 20% of the ordinary share capital of the company.
(3)For the purposes of subsection (2)(b), P is treated as owning or controlling (as the case may be) what any associate of P owns or controls.
Modifications etc. (not altering text)
C1Pt. 10 Ch. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 376(1) (as amended by 2010 c. 4, s. 1184(1), Sch. 1 para. 610(2) (with Sch. 2))
C2Pt. 10 Ch. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 456(7) (as substituted by 2010 c. 4, s. 1184(1), Sch. 1 para. 466(2) (with Sch. 2))