What is the purpose of section 1182 of the Corporation Tax Act 2010?

Section 1182 introduces Schedule 4, which provides a central index of defined expressions used throughout the Corporation Tax Act 2010. It lists many of the specialised terms in the Act and directs readers to the specific provisions where each expression is defined or otherwise explained, helping practitioners navigate the legislation efficiently.

Does Schedule 4 of the Corporation Tax Act 2010 include every defined term?

No, Schedule 4 does not claim to be exhaustive. The Act states that the schedule lists where 'some' of the expressions are defined or explained. Other terms may have meanings established in context or by reference to other legislation but do not appear in Schedule 4. It remains, however, an essential starting point for practitioners.

How can accountants use Schedule 4 in practice?

When an accountant encounters an unfamiliar term in the Corporation Tax Act 2010, Schedule 4 is the first place to look. It either provides the definition directly or points to the specific section where the term is explained. This saves considerable time compared with searching through the entire Act for the relevant definition.

Can you give an example of using Schedule 4 to find a defined term?

An accountant reviewing a client's corporation tax position encounters the term 'trade' in several provisions. Rather than searching the entire legislation, they consult Schedule 4, which directs them to the specific section where 'trade' is defined, allowing them to confirm the precise meaning and apply it correctly to the client's circumstances.

Corporation Tax Act 2010 section 1182

Index of defined expressions

Section 1182 introduces Schedule 4, which provides an index of defined expressions used throughout the Corporation Tax Act 2010.

Schedule 4 serves as a reference guide to the defined terms used in the Act.
The schedule lists where key expressions are defined or explained within the Act.
Not every defined term is included — the schedule covers some, not all, of the expressions used.
The index helps practitioners locate the meaning of specific terms by directing them to the relevant provisions.

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