Corporation Tax Act 2009 section 34

Overview of Part

Section 34 provides an overview of the Part of the Act that deals with the charge to corporation tax on trading income and related rules.

• Corporation tax on income applies to the profits of a trade and to post-cessation receipts arising from a trade.
• Detailed rules covering various aspects of trading income are set out in Chapters 3 to 14 of this Part.
• Where provisions elsewhere in the Act conflict with this Part on certain matters, those external provisions take priority, as explained in Chapter 16.
• This Part must be read alongside Part 19 (general exemptions) and Part 20 (general calculation rules) for a complete picture.