1Overview of ActU.K.
This section has no associated Explanatory Notes
(1)The following Parts contain provisions relating to international aspects of taxation—
(a)Parts 2 and 3 (double taxation relief),
(b)Parts 4 and 5 (transfer pricing and advance pricing agreements),
(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[(ca)Part 6A (hybrid and other mismatches),]
(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(e)Part 8 (offshore funds [etc]),
[(f)Part 9A (controlled foreign companies), and
(g)Part 10 (corporate interest restriction).]
(2)Part 9 contains amendments of tax legislation to relocate enactments to appropriate places.
(3)In particular, Part 9 contains amendments of TCGA 1992, ITTOIA 2005 and ITA 2007 that insert provisions relating to—
(a)oil activities (see section 364 and Schedule 1),
(b)alternative finance arrangements (see section 365 and Schedule 2),
(c)leasing arrangements involving finance leases or loans (see section 367 and Schedule 3),
(d)sale and lease-back etc (see section 368 and Schedule 4),
(e)factoring of income etc (see section 369 and Schedule 5), and
(f)UK representatives of non-UK residents (see section 370 and Schedule 6).
(4)Part [11] contains provisions of general application (including definitions for the purposes of the Act).
(5)For abbreviations used in this Act see section [500], and for defined expressions used in Parts 2 to 8 see Schedule 11.