Schedules

Section 261

Schedule 17U.K.Index of expressions defined or explained in Parts 3 and 4

TermProvision defining or explaining it
acceptable accounting standardssection 250(1)
acceptable overseas GAAPsection 250(3)
accounting currencysection 144(5)
accounting purposessection 259
additional top-up amountsections 203 and 206
adjusted profitssection 133
authorised accounting standardsection 249(3)
carrying valuesection 259
[F1CFC entity section 179(4)]
[F2CFS currency section 254(1)]
combined covered tax balancesection 132
companysection 259
connectedsection 258
consolidated groupsection 126(2)
controlled foreign company tax regimesection 179(4)
controlling interestsection 242(4)
[F2country-by-country report section 251A]
[F2covered bond vehicle section 272A(5)]
covered tax balance (and positive covered tax balance and negative covered tax balance)section 174
covered taxessection 173
current taxsection 259
deferred taxsection 259
deferred tax expensesection 259
deferred tax assetsection 259
deferred tax liabilitysection 259
direct ownership interestsection 242(1)
disqualified refundable imputation taxsection 253(1)
[F2domestic entity purposes (in Part 4) section 273(1)]
[F2domestic purposes (in Part 4) section 272(1)]
domestic top-up taxsection 265
DTT excluded entity (in Part 4)section 267
eligible distribution tax systemsection 189(3)
eligible payroll costssection 196
eligible tangible asset amountsection 197
entitysection 231
excluded dividendssection 141(2)
excluded entitysection 127
excluded equity gain or losssection 142(2)
fair valuesection 259
filing memberparagraph 2 of Schedule 14
flow-through entitysection 168(2)
[F3general partner (in Schedule 14) paragraph 3(3) of Schedule 14]
[F4governmental] entitysection 234(1)
group (in Part 4)section 266(9)
held for salesection 259
HMRCsection 259
impairmentsection 259
indirect ownership interestsection 242(3)
information returnparagraph 10(2) of Schedule 14
international accounting standardssection 259
international financial reporting standardssection 259
investment entitysection 236(3)
investment fundsection 236(1)
joint venture groupsection 226(1)
joint venture parentsection 226(2)
joint venture subsidiarysection 226(3)
[F3limited partnership (in Schedule 14) paragraph 3(3) of Schedule 14]
location (of an entity)section 239
main entity (in relation to a permanent establishment)section 232
material competitive distortionssection 249(4) and (5)
mergersection 130(5)
minority owned membersection 228(1)
minority subgroupsection 228(2)
mobile incomesection 178(3)
multinational groupsection 126
multinational top-up taxsection 121
multi-parent groupsection 229
OECD tax modelsection 259
other comprehensive incomesection 143(3)
ownership interestsection 242(1)
overseas REIT equivalentsection 259
[F3partnership section 259(1)]
pension fundsection 235(1)
[F5pension] services entitysection 235(2)
permanent establishmentsection 232
Pillar Two rulessection 255
Pillar Two territorysection 241
property, plant and equipmentsection 143(3)
protected cell company (and “part”, “cell” and “core”)section 233
QDT creditsection 194(3)
qualified refundable imputation taxsection 253(2)
qualifying (in relation to a multinational group)section 129
qualifying (in relation to a refundable tax credit)section 148
qualifying authorityparagraph 10(5) of Schedule 14
qualifying current tax expensesection 174(5)
qualifying de-mergersection 131(2)
qualifying domestic top-up taxsection 256
qualifying entity (in Part 4)section 266
qualifying financial statements (in Part 4)section 266(10)
qualifying reorganisationsection 212
qualifying undertaxed profits taxsection 257
refundable tax creditsection 148
recapture amountsection 190(4)
registered groupparagraph 6(7) of Schedule 14
responsible membersection 128
[F2securitisation company section 267(4)]
special loss deferred tax assetsection 187(3)
standard membersection 132(3)(a) (but see also section 228)
stateless entitysection 239
subject to Pillar Two IIR taxsection 128(7)
substance based income exclusionsection 195
tax currencysection 144(5)
[F2tax equity partnership arrangement section 176D(5)]
tax expensesection 259
tax expense amountsection 138(2)
tax transparent (in relation to an entity)section 238
taxable incomesection 144(5)
third currencysection 144(5)
total deferred tax adjustment amountsection 182
[F2transitional safe harbour election section 255(6)]
underlying profitssection 134
underlying profits accountssection 136
UK GAAPsection 250(2)
UK REITsection 259
ultimate parentsection 126
uncertain tax positionsection 259

Textual Amendments

F1Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 18(5)

F2Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(c)

F3Words in Sch. 17 Table inserted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 2(7)

F4Word in Sch. 17 Table substituted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(a)

F5Word in Sch. 17 Table substituted (22.2.2024 with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(b)