Corporation Tax Act 2010 section 269A

Overview of Part

Section 269A provides an overview of Part 7A of the Corporation Tax Act 2010, which contains special rules applying to banking companies.

  • Part 7A of the Act is dedicated to provisions that apply specifically to banking companies.
  • Chapter 2 of Part 7A defines what constitutes a "banking company" and sets out other key definitions used throughout this Part.
  • Chapter 3 restricts the amount of certain deductions a banking company may claim when calculating its taxable total profits for an accounting period.
  • Chapter 4 introduces a surcharge that applies to banking companies on top of the standard corporation tax charge.

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