Corporation Tax Act 2009 section 418A

Cases involving host contract

Section 418A previously dealt with the treatment of host contracts in the context of loan relationships, but has been removed from the legislation.

• Section 418A was originally introduced by Finance Act 2009 to address cases involving a host contract within the loan relationships rules.
• The section was removed (omitted) by Finance Act 2011, section 30 and Schedule 5, paragraph 7(1).
• The removal takes effect for any loan relationship to which a company is a party on or after 19 July 2011.
• For any loan relationships that existed before 19 July 2011 and ceased before that date, the original provisions of section 418A would have applied during their lifetime.