Corporation Tax Act 2009 Schedule 2 paragraph 11

Effect of repeal of section 9(1) of ICTA on relevance of case law

Paragraph 11 of Schedule 2 preserves the relevance of existing case law for corporation tax purposes, despite the repeal of section 9(1) of the Income and Corporation Taxes Act 1988 (ICTA) by the Corporation Tax Act 2009.

• Section 9(1) of ICTA previously provided that income tax principles applied to the computation of income for corporation tax purposes.
• The Corporation Tax Act 2009 repealed section 9(1) of ICTA as part of a broader rewrite and consolidation of corporation tax legislation.
• Any case law that was relevant for corporation tax purposes immediately before the repeal remains equally relevant after the repeal.
• This ensures continuity and prevents the technical repeal from inadvertently undermining established legal precedents used in corporation tax computations.