Point in time view as at 17/07/2013.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 58 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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];
“” 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)
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