Corporation Tax Act 2010 section 972

Interpretation of Chapter

Section 972 defines key terms used throughout the Chapter and clarifies how certain expressions should be interpreted.

• "Enactment" is broadly defined to include not only primary legislation but also subordinate legislation as defined by the Interpretation Act 1978, such as statutory instruments and regulations.
• "Information" is given a wide meaning, covering anything contained in returns, self-assessments, accounts, statements or reports that must be provided to HMRC or any of its officers.
• References to "carrying on a trade" within this Chapter are extended to include holding an office, broadening the scope of the provisions.
• The definition of "information" was updated from the original source legislation to replace references to "the Board" with references to the Commissioners for His Majesty's Revenue and Customs, reflecting the transfer of functions under the Commissioners for Revenue and Customs Act 2005.