Part 1Overview
1Overview of Act
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),
F3c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2ca
Part 6A (hybrid and other mismatches),
d
Part 7 (tax treatment of financing costs and income), and
e
Part 8 (offshore funds F1etc ).
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 10 contains provisions of general application (including definitions for the purposes of the Act).
5
For abbreviations used in this Act see section 373, and for defined expressions used in Parts 2 to 8 see Schedule 11.