Income Tax (Earnings and Pensions) Act 2003

This section has no associated Explanatory Notes

58U.K.In the EMI code—

  • “arrangements” includes any scheme, agreement or understanding, whether it is legally enforceable or not;

  • “company” means a body corporate;

  • “group of companies” means a parent company and its 51% subsidiaries;

  • “the group”, in relation to a parent company, means that company and its 51% subsidiaries;

  • “parent company” means a company that has one or more 51% subsidiaries and “single company” means a company that does not;

  • “research and development” has the meaning given by [F1section 1006 of ITA 2007];

  • “shares” includes stock.

Textual Amendments

F1Words in Sch. 5 para. 58 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(3) (with Sch. 2)