Corporation Tax Act 2009 section 1174

Sub-contractor payments

Section 1174 defines what constitutes a "sub-contractor payment" and is the first of three sections dealing with such payments.

• A "sub-contractor payment" is a specific term used in the context of corporation tax rules relating to payments made to sub-contractors.
• This section provides the foundational definition that underpins the rules in the two sections that follow it.
• The definition is important because it determines which payments fall within the scope of the sub-contractor payment provisions and their associated tax treatment.
• The section derives from earlier legislation (paragraph 9 of Schedule 22 to the Finance Act 2001) and was subsequently amended by the Finance Act 2009.