Schedules

Section 261

Schedule 17U.K.Index of expressions defined or explained in Parts 3 and 4

Term	Provision defining or explaining it
acceptable accounting standards	section 250 (1)
acceptable overseas GAAP	section 250 (3)
accounting currency	section 144 (5)
accounting purposes	section 259
additional top-up amount	sections 203 and 206
adjusted profits	section 133
authorised accounting standard	section 249 (3)
carrying value	section 259
[F1CFC entity	section 179(4)]
[F2CFS currency	section 254(1)]
combined covered tax balance	section 132
company	section 259
connected	section 258
consolidated group	section 126 (2)
controlled foreign company tax regime	section 179 (4)
controlling interest	section 242 (4)
[F2country-by-country report	section 251A]
[F2covered bond vehicle	section 272A(5)]
covered tax balance (and positive covered tax balance and negative covered tax balance)	section 174
covered taxes	section 173
current tax	section 259
deferred tax	section 259
deferred tax expense	section 259
deferred tax asset	section 259
deferred tax liability	section 259
direct ownership interest	section 242 (1)
disqualified refundable imputation tax	section 253 (1)
[F2domestic entity purposes (in Part 4)	section 273(1)]
[F2domestic purposes (in Part 4)	section 272(1)]
domestic top-up tax	section 265
DTT excluded entity (in Part 4)	section 267
eligible distribution tax system	section 189 (3)
eligible payroll costs	section 196
eligible tangible asset amount	section 197
entity	section 231
excluded dividends	section 141 (2)
excluded entity	section 127
excluded equity gain or loss	section 142 (2)
fair value	section 259
filing member	paragraph 2 of Schedule 14
flow-through entity	section 168 (2)
[F3general partner (in Schedule 14)	paragraph 3(3) of Schedule 14]
[F4governmental] entity	section 234 (1)
group (in Part 4)	section 266 (9)
held for sale	section 259
HMRC	section 259
impairment	section 259
indirect ownership interest	section 242 (3)
information return	paragraph 10 (2) of Schedule 14
international accounting standards	section 259
international financial reporting standards	section 259
investment entity	section 236 (3)
investment fund	section 236 (1)
joint venture group	section 226 (1)
joint venture parent	section 226 (2)
joint venture subsidiary	section 226 (3)
[F3limited partnership (in Schedule 14)	paragraph 3(3) of Schedule 14]
location (of an entity)	section 239
main entity (in relation to a permanent establishment)	section 232
material competitive distortions	section 249 (4) and (5)
merger	section 130 (5)
minority owned member	section 228 (1)
minority subgroup	section 228 (2)
mobile income	section 178 (3)
multinational group	section 126
multinational top-up tax	section 121
multi-parent group	section 229
OECD tax model	section 259
other comprehensive income	section 143 (3)
ownership interest	section 242 (1)
overseas REIT equivalent	section 259
[F3partnership	section 259(1)]
pension fund	section 235 (1)
[F5pension] services entity	section 235 (2)
permanent establishment	section 232
Pillar Two rules	section 255
Pillar Two territory	section 241
property, plant and equipment	section 143 (3)
protected cell company (and “part”, “cell” and “core”)	section 233
QDT credit	section 194 (3)
qualified refundable imputation tax	section 253 (2)
qualifying (in relation to a multinational group)	section 129
qualifying (in relation to a refundable tax credit)	section 148
qualifying authority	paragraph 10 (5) of Schedule 14
qualifying current tax expense	section 174 (5)
qualifying de-merger	section 131 (2)
qualifying domestic top-up tax	section 256
qualifying entity (in Part 4)	section 266
qualifying financial statements (in Part 4)	section 266 (10)
qualifying reorganisation	section 212
qualifying undertaxed profits tax	section 257
refundable tax credit	section 148
recapture amount	section 190 (4)
registered group	paragraph 6 (7) of Schedule 14
responsible member	section 128
[F2securitisation company	section 267(4)]
special loss deferred tax asset	section 187 (3)
standard member	section 132 (3)(a) (but see also section 228)
stateless entity	section 239
subject to Pillar Two IIR tax	section 128 (7)
substance based income exclusion	section 195
tax currency	section 144 (5)
[F2tax equity partnership arrangement	section 176D(5)]
tax expense	section 259
tax expense amount	section 138 (2)
tax transparent (in relation to an entity)	section 238
taxable income	section 144 (5)
third currency	section 144 (5)
total deferred tax adjustment amount	section 182
[F2transitional safe harbour election	section 255(6)]
underlying profits	section 134
underlying profits accounts	section 136
UK GAAP	section 250 (2)
UK REIT	section 259
ultimate parent	section 126
uncertain tax position	section 259

Textual Amendments

F1Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 18(5)

F2Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(c)

F3Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 2(7)

F4Word in Sch. 17 Table substituted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(a)

F5Word in Sch. 17 Table substituted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(b)