Income Tax (Earnings and Pensions) Act 2003 section 719

Meaning of "control"

Section 719 defines the meaning of "control" used throughout the Income Tax (Earnings and Pensions) Act 2003 by directing the reader to a single, standard definition.

• The word "control" wherever it appears in ITEPA 2003 carries the meaning set out in section 995 of the Income Tax Act 2007 (ITA 2007).
• This standard definition broadly covers having the power to direct a company's affairs, including through shareholdings, voting power, or the right to receive income or assets.
• The definition applies automatically across the whole of ITEPA 2003 unless a specific provision states otherwise.
• Using a single cross-referenced definition ensures consistency whenever "control" of a company is relevant, for example in employment-related securities, benefits, or share scheme provisions.