Meaning of “tax"U.K.
1U.K.In this Schedule “tax” means corporation tax including, except as otherwise indicated, any amount assessable or chargeable as if it was corporation tax.
Amounts are assessable or chargeable as if they were corporation tax under—
[F1section 455 of the Corporation Tax Act 2010] (tax on loan or advance made by close company to a participator),
[F2[F3section 330(1)] of that Act (supplementary charge in respect of ring fence trades), and]
[F4step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (controlled foreign companies)][F5, and
paragraphs 50 and 51 of Schedule 19 to the Finance Act 2011 (the bank levy)].
Textual Amendments
F1Words in Sch. 18 para. 1 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 297(2)(a) (with Sch. 2)
F2Words in Sch. 18 para. 1 substituted (24.7.2002) by 2002 c. 23, s. 92(3)
F3Words in Sch. 18 para. 1 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 297(2)(b) (with Sch. 2)
F4Words in Sch. 18 para. 1 substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 17(2) (with Sch. 20 para. 50(9))
F5Words in Sch. 18 para. 1 inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 19 para. 61