Corporation Tax Act 2010 section 937D

Meaning of "the scheme rate, index or value"

Section 937D defines the term "the scheme rate, index or value" as used throughout the risk transfer schemes provisions.

• The term "the scheme rate, index or value" is a defined term used throughout Part 21A of the Act
• It refers to the specific rate, index or value that is central to a particular risk transfer scheme
• The rate, index or value in question is the one identified under the definition of a risk transfer scheme in section 937C
• It links directly to the relevant risk that the scheme is designed to transfer between the parties