Corporation Tax Act 2010 section 112

EEA related definitions

Section 112 defines key terms used throughout the chapter to describe how companies and their profits are connected to the European Economic Area (EEA).

• The section provides definitions for EEA-related expressions that determine whether companies and their profits have a sufficient connection to the EEA for the purposes of the group relief provisions.
• The EEA comprises the EU member states plus Iceland, Liechtenstein and Norway, and these definitions help establish whether entities qualify under the relevant rules.
• The definitions are important because they set the criteria for determining eligibility for group relief where companies or activities have an EEA dimension.
• This section was amended by Finance Act 2022 to update the EEA-related definitions in light of changing circumstances, including the UK's departure from the EU.