Corporation Tax Act 2009 section 33

Trade includes office

Section 33 clarifies that throughout Part 2 of the Corporation Tax Act 2009, the term "trade" is broad enough to include the holding of an office, unless the context clearly indicates otherwise.

• References to a "trade" in Part 2 include an office, such as the office of company secretary
• References to "carrying on a trade" include holding an office
• This extended meaning applies unless the context of a particular provision requires a narrower interpretation
• The definition does not extend to employments or vocations — companies do not hold employments, and vocations are dealt with separately