Corporation Tax Act 2009 section 110

Meaning of "employment" for times before 16 April 2003

Section 110 of Schedule 2 modifies how the term "employment" is interpreted in Part 12 (dealing with deductions for employee share acquisitions) for periods before 16 April 2003.

• This is a transitional provision affecting Part 12 of the Corporation Tax Act 2009, which covers deductions relating to employee share acquisitions.
• For any period before 16 April 2003, the extended definition of "employment" in section 1002(2) does not apply.
• Section 1002(2) broadens the meaning of "employment" to include holding an office (such as a directorship); this broader meaning is disregarded for earlier periods.
• In practice, this means that for times before 16 April 2003, "employment" carries its narrower, ordinary meaning and does not encompass office holders.