Corporation Tax Act 2009 section 688

Interpretation

Section 688 defines key terms used in this Chapter relating to companies and residency for the purposes of the derivative contracts rules linked to the EU Mergers Directive.

• A "company" means any entity listed in Part A of Annex I to the Mergers Directive.
• A "co-operative society" means one registered under the Co-operative and Community Benefit Societies Act 2014, or a similar society governed by the law of a member State.
• A company is resident in a relevant state if it is subject to tax there as a resident under that state's law.
• The company must not be treated as resident in a territory outside a relevant state under any applicable double taxation relief arrangements.