Corporation Tax Act 2010

Taxes Management Act 1970 U.K.

152 U.K. The Taxes Management Act 1970 is amended as follows.

153 U.K. In section 12AB(5) (partnership return to include partnership statement), in the definition of “tax credit”, for “section 231 of the principal Act” substitute “ section 1109 of CTA 2010 ”.

154 U.K. In section 12B(4A) (records to be kept for purposes of returns) for “section 234 of the principal Act” substitute “ section 1100 of CTA 2010 ”.

155 U.K. In section 59E(11) (further provision as to when corporation tax is due and payable)—

(a) in paragraph (a) for “section 419 of the principal Act (loans to participators etc)” substitute “ section 455 of CTA 2010 (charge to tax in case of loan to participator) ”, and

(b) in paragraph (c) for “section 501A(1) of the principal Act” substitute “ section 330(1) of CTA 2010 ”.

156 (1) Amend section 87A (interest on overdue corporation tax etc) as follows. U.K.

(2) In subsection (3)—

(a) omit “Schedule 28 to the Finance Act 2000 or”, and

(b) after “2002” insert “ or Chapter 7 of Part 22 of CTA 2010 ”.

(3) In subsection (5) for “252(5) of the principal Act” substitute “ 1111(2) of CTA 2010 ”.

(4) In subsection (6)(a)—

(a) for “section 393A(1) of the principal Act” substitute “ section 37 of CTA 2010 ”, and

(b) for “set off (whether under section 393A(1) or 393B(3))” substitute “ relieved (whether under that section or section 42 of that Act) ”.

157 (1) Amend section 98 (special returns etc) as follows. U.K.

(2) In the first column of the Table—

(a) omit the entries relating to—

(i) section 217(4) of ICTA,

(ii) section 226(4) of ICTA,

(iii) section 234(7)(b), (8) and (9) of ICTA,

(iv) section 250(6) of ICTA,

(v) section 768(9) of ICTA,

(vi) section 778 of ICTA, and

(vii) paragraphs 3 and 4 of Schedule 12 to FA 1989,

(b) at the appropriate place in the list of entries relating to ITTOIA 2005 insert—

“section 401B of ITTOIA 2005.

section 421A of ITTOIA 2005.”, and

(c) at the end insert—

“section 31 of CTA 2010.

section 465 of CTA 2010.

section 728 of CTA 2010.

section 832 of CTA 2010.

section 1046(5) to (7) of CTA 2010.

section 1052(4) and (5) of CTA 2010.

section 1097(1) and (2) of CTA 2010.

section 1101(5) and (6) of CTA 2010.

section 1102 of CTA 2010.

section 1109 of CTA 2010.”

(3) In the second column of the Table—

(a) omit the entries relating to—

(i) section 216 of ICTA,

(ii) section 226(1) and (2) of ICTA,

(iii) section 234(5), (6) and (7)(a) of ICTA,

(iv) section 250(1) to (5) of ICTA, and

(v) paragraph 42 of Schedule 16 to FA 2002, and

(b) at the end insert—

“section 260 of CTA 2010.

section 1046(1) to (4) of CTA 2010.

section 1095 of CTA 2010.

section 1096 of CTA 2010.

section 1052(1) to (3) of CTA 2010.

section 1101(1), (2) and (4) of CTA 2010.”

158 (1) Amend section 109 (corporation tax on close companies in connection with loans to participators etc) as follows. U.K.

(2) In subsection (1) for “sections 419 and 420 of the principal Act” substitute “ sections 455 to 459 of CTA 2010 ”.

(3) In subsection (3) for “the said section 419” substitute “ section 455 of CTA 2010 ”.

(4) In subsection (3A)—

(a) in paragraph (a) for “subsection (4) of section 419 of the principal Act” substitute “ subsection (2) of section 458 of CTA 2010 ”, and

(b) for “the said section 419” substitute “ section 455 of CTA 2010 ”.

(5) In subsection (4) for “section 419(4) of the principal Act” substitute “ section 458 of CTA 2010 ”.

(6) In subsection (5) for “the said sections 419 and 420” substitute “ sections 455 to 459 of CTA 2010 ”.

159 U.K. In section 118(1) (interpretation)—

(a) in the definition of “company” for “section 992(1) of ITA 2007 (with section 468 of the principal Act)” substitute “ section 1121(1) of CTA 2010 (with section 617 of that Act) ”, and

(b) at the appropriate place insert—

““CTA 2010” means the Corporation Tax Act 2010,”.