Section 261
| Term | Provision defining or explaining it |
|---|---|
| acceptable accounting standards | section 250(1) |
| acceptable overseas GAAP | section 250(3) |
| accounting currency | section 144(5) |
| accounting purposes | section 259 |
| additional top-up amount | sections 203 and 206 |
| adjusted profits | section 133 |
| authorised accounting standard | section 249(3) |
| carrying value | section 259 |
| combined covered tax balance | section 132 |
| company | section 259 |
| connected | section 258 |
| consolidated group | section 126(2) |
| controlled foreign company tax regime | section 179(4) |
| controlling interest | section 242(4) |
| covered tax balance (and positive covered tax balance and negative covered tax balance) | section 174 |
| covered taxes | section 173 |
| current tax | section 259 |
| deferred tax | section 259 |
| deferred tax expense | section 259 |
| deferred tax asset | section 259 |
| deferred tax liability | section 259 |
| direct ownership interest | section 242(1) |
| disqualified refundable imputation tax | section 253(1) |
| domestic top-up tax | section 265 |
| DTT excluded entity (in Part 4) | section 267 |
| eligible distribution tax system | section 189(3) |
| eligible payroll costs | section 196 |
| eligible tangible asset amount | section 197 |
| entity | section 231 |
| excluded dividends | section 141(2) |
| excluded entity | section 127 |
| excluded equity gain or loss | section 142(2) |
| fair value | section 259 |
| filing member | paragraph 2 of Schedule 14 |
| flow-through entity | section 168(2) |
| government entity | section 234(1) |
| group (in Part 4) | section 266(9) |
| held for sale | section 259 |
| HMRC | section 259 |
| impairment | section 259 |
| indirect ownership interest | section 242(3) |
| information return | paragraph 10(2) of Schedule 14 |
| international accounting standards | section 259 |
| international financial reporting standards | section 259 |
| investment entity | section 236(3) |
| investment fund | section 236(1) |
| joint venture group | section 226(1) |
| joint venture parent | section 226(2) |
| joint venture subsidiary | section 226(3) |
| location (of an entity) | section 239 |
| main entity (in relation to a permanent establishment) | section 232 |
| material competitive distortions | section 249(4) and (5) |
| merger | section 130(5) |
| minority owned member | section 228(1) |
| minority subgroup | section 228(2) |
| mobile income | section 178(3) |
| multinational group | section 126 |
| multinational top-up tax | section 121 |
| multi-parent group | section 229 |
| OECD tax model | section 259 |
| other comprehensive income | section 143(3) |
| ownership interest | section 242(1) |
| overseas REIT equivalent | section 259 |
| pension fund | section 235(1) |
| pensions services entity | section 235(2) |
| permanent establishment | section 232 |
| Pillar Two rules | section 255 |
| Pillar Two territory | section 241 |
| property, plant and equipment | section 143(3) |
| protected cell company (and “part”, “cell” and “core”) | section 233 |
| QDT credit | section 194(3) |
| qualified refundable imputation tax | section 253(2) |
| qualifying (in relation to a multinational group) | section 129 |
| qualifying (in relation to a refundable tax credit) | section 148 |
| qualifying authority | paragraph 10(5) of Schedule 14 |
| qualifying current tax expense | section 174(5) |
| qualifying de-merger | section 131(2) |
| qualifying domestic top-up tax | section 256 |
| qualifying entity (in Part 4) | section 266 |
| qualifying financial statements (in Part 4) | section 266(10) |
| qualifying reorganisation | section 212 |
| qualifying undertaxed profits tax | section 257 |
| refundable tax credit | section 148 |
| recapture amount | section 190(4) |
| registered group | paragraph 6(7) of Schedule 14 |
| responsible member | section 128 |
| special loss deferred tax asset | section 187(3) |
| standard member | section 132(3)(a) (but see also section 228) |
| stateless entity | section 239 |
| subject to Pillar Two IIR tax | section 128(7) |
| substance based income exclusion | section 195 |
| tax currency | section 144(5) |
| tax expense | section 259 |
| tax expense amount | section 138(2) |
| tax transparent (in relation to an entity) | section 238 |
| taxable income | section 144(5) |
| third currency | section 144(5) |
| total deferred tax adjustment amount | section 182 |
| underlying profits | section 134 |
| underlying profits accounts | section 136 |
| UK GAAP | section 250(2) |
| UK REIT | section 259 |
| ultimate parent | section 126 |
| uncertain tax position | section 259 |