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Taxation (International and Other Provisions) Act 2010

โ–ธ Part 1 โ€“ Overview (s 1)
  • Section 1 โ€“ Overview of Act [TIOPA 2010 s 1]
โ–ธ Part 2 โ€“ Double taxation relief (ss 2-134)
  • โ–ธ Chapter 1 โ€“ Double taxation arrangements and unilateral relief arrangements (ss 2-17)
    • Double taxation arrangements (ss 2-7)
    • Unilateral relief arrangements (ss 8-17)
  • โ–ธ Chapter 2 โ€“ Double taxation relief by way of credit (ss 18-104)
    • Effect to be given to credit for foreign tax allowed against UK tax (ss 18-20)
    • Interpretation of Chapter (s 21)
    • Credits where same income charged to income tax in more than one tax year (ss 22-24)
    • Cases in which credit not allowed (ss 25-27)
    • Exceptions to requirement to be UK resident (ss 28-30)
    • Calculating income or gains in respect of which credit is allowed (ss 31-32)
    • Limits on credit: general rules (ss 33-35)
    • Limit on, and reduction of, credit against income tax (ss 36-39)
    • Limit on credit against capital gains tax (s 40)
    • Limit on total credit against income tax and capital gains tax (s 41)
    • Limit on credit against corporation tax (ss 42-49B)
    • Calculating tax for purposes of section 42(2) (ss 50-51)
    • Allocation of deductions etc to profits for purposes of section 42 (ss 52-56)
    • Taking account of foreign tax underlying dividends (ss 57-62)
    • Taking account of tax underlying dividends that is not foreign tax (s 63)
    • Tax underlying dividend treated as underlying tax paid by dividend's recipient (ss 64-66)
    • Tax underlying dividends: restriction of relief, and particular cases (ss 67-71)
    • Adjustment of foreign tax on profits of overseas permanent establishment (ss 71A-71B)
    • Unrelieved foreign tax on profits of overseas permanent establishment (ss 72-78)
    • Action after adjustment of amount payable by way of UK or foreign tax (ss 79-80)
    • Schemes and arrangements designed to increase relief: anti-avoidance (ss 81-95)
    • Insurance companies (ss 96-104)
  • โ–ธ Chapter 3 โ€“ Miscellaneous provisions (ss 105-134)
    • Application of Part for capital gains tax purposes (ss 105-106)
    • When foreign tax disregarded in applying Part for corporation tax purposes (ss 107-110)
    • Special rules for discretionary trusts (ss 111)
    • Deduction for foreign tax where no credit allowed (ss 112-115)
    • European cross-border transfers of business (ss 116-117)
    • European cross-border mergers (ss 118-119)
    • Transparent entities involved in cross-border transfers and mergers (ss 120-121)
    • Cross-border transfers and mergers: chargeable gains (s 122)
    • Interpretation of sections related to the Mergers Directive (s 123)
    • Cases about being taxed otherwise than in accordance with double taxation arrangements (ss 124-125)
    • The Arbitration Convention (ss 126-128)
    • International dispute-resolution instruments and agreements (ss 128A-128C)
    • Disclosure of information (s 129)
    • Interpretation of double taxation arrangements (ss 130-133)
    • Assessments (s 134)
โ–ธ Part 3 โ€“ Double taxation relief for special withholding tax (ss 135-145)
  • โ–ธ Introductory (ss 135-136)
    • Section 135 โ€“ Relief under this Part: introductory [TIOPA 2010 s 135]
    • Section 136 โ€“ Interpretation of Part [TIOPA 2010 s 136]
  • โ–ธ Credit etc for special withholding tax (ss 137-141)
    • Section 137 โ€“ Income tax credit etc. for special withholding tax [TIOPA 2010 s 137]
    • Section 138 โ€“ Amount and application of the deemed tax under section 137 [TIOPA 2010 s 138]
    • Section 139 โ€“ Capital gains tax credit etc. for special withholding tax [TIOPA 2010 s 139]
    • Section 140 โ€“ Provisions about the deemed tax under section 139 [TIOPA 2010 s 140]
    • Section 141 โ€“ Credit under Chapter 2 of Part 2 to be allowed first [TIOPA 2010 s 141]
  • โ–ธ Calculation of income or gain on remittance basis where special withholding tax levied (ss 142-143)
    • Section 142 โ€“ Conditions for purposes of section 143 [TIOPA 2010 s 142]
    • Section 143 โ€“ Taking account of special withholding tax in calculating income or gains [TIOPA 2010 s 143]
  • โ–ธ Certificates to avoid levy of special withholding tax (ss 144-145)
    • Section 144 โ€“ Issue of certificate [TIOPA 2010 s 144]
    • Section 145 โ€“ Refusal to issue certificate and appeal against refusal [TIOPA 2010 s 145]
โ–ธ Part 4 โ€“ Transfer pricing (ss 146-217)
  • โ–ธ Chapter 1 โ€“ Basic transfer-pricing rule (ss 146-148A)
    • Section 146 โ€“ Application of this Part [TIOPA 2010 s 146]
    • Section 147 โ€“ Tax calculations to be based on armโ€™s length, not actual, provision [TIOPA 2010 s 147]
    • Section 148 โ€“ The โ€œparticipation conditionโ€ [TIOPA 2010 s 148]
  • โ–ธ Chapter 2 โ€“ Key interpretative provisions (ss 149-164)
    • Meaning of certain expressions that first appear in section 147 (ss 149-156)
    • โ€œDirect participationโ€ in management, control or capital of a person (s 157)
    • โ€œIndirect participationโ€ in management, control or capital of a person (ss 158-163)
    • Application of OECD principles (s 164)
  • โ–ธ Chapter 3 โ€“ Exemptions from basic rule (ss 164A-173A)
    • Section 165 โ€“ Exemption for dormant companies [TIOPA 2010 s 165]
    • Section 166 โ€“ Exemption for small and medium-sized enterprises [TIOPA 2010 s 166]
    • Section 167 โ€“ Small and medium-sized enterprises: exceptions from exemption [TIOPA 2010 s 167]
    • Section 167A โ€“ Small enterprises: exception from exemption: transfer pricing notice [TIOPA 2010 s 167A]
    • Section 168 โ€“ Medium-sized enterprises: exception from exemption: transfer pricing notice [TIOPA 2010 s 168]
    • Section 169 โ€“ Giving of transfer pricing notices [TIOPA 2010 s 169]
    • Section 170 โ€“ Appeals against transfer pricing notices [TIOPA 2010 s 170]
    • Section 171 โ€“ Tax returns where transfer pricing notice given [TIOPA 2010 s 171]
    • Section 172 โ€“ Meaning of โ€œsmall enterpriseโ€ and โ€œmedium-sized enterpriseโ€ [TIOPA 2010 s 172]
    • Section 173 โ€“ Meaning of โ€œqualifying territoryโ€ and โ€œnon-qualifying territoryโ€ [TIOPA 2010 s 173]
  • โ–ธ Chapter 4 โ€“ Position, if only one affected person potentially advantaged, of other affected person (ss 174-190)
    • Claim by affected person who is not advantaged (ss 174-178)
    • Claims: special cases (ss 179-180)
    • Alternative way of claiming if a borrowing is involved (ss 181-184)
    • Notification to persons who may be disadvantaged (ss 185-186)
    • Treatment of interest where claim made (ss 187)
    • Treatment of interest where claim prevented by section 174A (s 187A)
    • Adjustment of double taxation relief where claim made (ss 188-189)
    • Interpretation of Chapter (s 190)
  • โ–ธ Chapter 5 โ€“ Position of guarantor of affected personโ€™s borrowing liabilities (ss 191-194)
    • Section 191 โ€“ When sections 192 to 194 apply [TIOPA 2010 s 191]
    • Section 192 โ€“ Attribution to guarantor company of things done by borrower [TIOPA 2010 s 192]
    • Section 192A โ€“ Provision for cases within Part 6A [TIOPA 2010 s 192A]
    • Section 193 โ€“ Interaction between claims under sections 174 and 192(1) [TIOPA 2010 s 193]
    • Section 194 โ€“ Claims under section 192(1): general provisions [TIOPA 2010 s 194]
  • โ–ธ Chapter 6 โ€“ Balancing payments (ss 195-204)
    • Section 195 โ€“ Qualifying conditions for purposes of section 196 [TIOPA 2010 s 195]
    • Section 196 โ€“ Balancing payments between affected persons: no charge to, or relief from, tax [TIOPA 2010 s 196]
    • Section 197 โ€“ Qualifying conditions for purposes of section 198 [TIOPA 2010 s 197]
    • Section 198 โ€“ Balancing payments by guarantor to borrower: no charge to, or relief from, tax [TIOPA 2010 s 198]
    • Section 199 โ€“ Pre-conditions for making election under section 200 [TIOPA 2010 s 199]
    • Section 200 โ€“ Election to pay tax rather than make balancing payments [TIOPA 2010 s 200]
    • Section 201 โ€“ Pre-conditions for making election under section 202 [TIOPA 2010 s 201]
    • Section 202 โ€“ Election, in guarantee case, to pay tax rather than make balancing payments [TIOPA 2010 s 202]
    • Section 203 โ€“ Elections under section 200 or 202 [TIOPA 2010 s 203]
    • Section 204 โ€“ Meaning of โ€œcapital market conditionโ€ in sections 199 and 201 [TIOPA 2010 s 204]
  • โ–ธ Chapter 7 โ€“ Oil-related ring-fence trades (ss 205-206A)
    • Section 205 โ€“ Provision made or imposed between ring-fence trade and other activities [TIOPA 2010 s 205]
    • Section 206 โ€“ Meaning of โ€œoil-related ring-fence tradeโ€ in sections 205 and 218 [TIOPA 2010 s 206]
    • Section 206A โ€“ Modification of basic rule where allowances restricted for certain expenditure [TIOPA 2010 s 206A]
  • โ–ธ Chapter 8 โ€“ Supplementary provisions and interpretation of Part (ss 207-217)
    • Unit trusts (s 207)
    • Determinations requiring Commissioners' sanction (ss 208-211)
    • Appeals (s 212)
    • Effect of Part on capital allowances and chargeable gains (ss 213-214)
    • Adjustments (s 215)
    • Definitions (ss 216-217)
โ–ธ Part 5 โ€“ Advance pricing agreements (ss 218-230)
  • Section 218 โ€“ Meaning of โ€œadvance pricing agreementโ€ [TIOPA 2010 s 218]
  • Section 219 โ€“ Meaning of โ€œassociateโ€ in section 218(2)(e) [TIOPA 2010 s 219]
  • Section 220 โ€“ Effect of agreement on party to it [TIOPA 2010 s 220]
  • Section 221 โ€“ Effect of revocation of agreement or breach of its conditions [TIOPA 2010 s 221]
  • Section 222 โ€“ Effect of agreement on non-parties [TIOPA 2010 s 222]
  • Section 223 โ€“ Application for agreement [TIOPA 2010 s 223]
  • Section 224 โ€“ Provision in agreement about years ended or begun before agreement made [TIOPA 2010 s 224]
  • Section 225 โ€“ Modification and revocation of agreement [TIOPA 2010 s 225]
  • Section 226 โ€“ Annulment of agreement for misrepresentation [TIOPA 2010 s 226]
  • Section 227 โ€“ Penalty for misrepresentation in connection with agreement [TIOPA 2010 s 227]
  • Section 228 โ€“ Party to agreement: duty to provide information [TIOPA 2010 s 228]
  • Section 229 โ€“ Modifications of agreement for double taxation purposes [TIOPA 2010 s 229]
  • Section 230 โ€“ Interpretation of Part: meaning of โ€œCommissionersโ€ and โ€œofficerโ€ [TIOPA 2010 s 230]
โ–ธ Part 6 โ€“ Tax arbitrage (ss 231-259)
  • โ–ธ Introduction (s 231)
    • Section 231 โ€“ Overview [TIOPA 2010 s 231]
  • โ–ธ Deduction notices (ss 232-235)
    • Section 232 โ€“ Deduction notices [TIOPA 2010 s 232]
    • Section 233 โ€“ The deduction scheme conditions [TIOPA 2010 s 233]
    • Section 234 โ€“ Schemes achieving UK tax advantage for a company [TIOPA 2010 s 234]
    • Section 235 โ€“ Further provisions about deduction notices [TIOPA 2010 s 235]
  • โ–ธ Deduction schemes (ss 236-242)
    • Section 236 โ€“ Schemes involving hybrid entities [TIOPA 2010 s 236]
    • Section 237 โ€“ Instruments of alterable character [TIOPA 2010 s 237]
    • Section 238 โ€“ Shares subject to conversion [TIOPA 2010 s 238]
    • Section 239 โ€“ Securities subject to conversion [TIOPA 2010 s 239]
    • Section 240 โ€“ Debt instruments treated as equity [TIOPA 2010 s 240]
    • Section 241 โ€“ Scheme including issue of shares not conferring qualifying beneficial entitlement [TIOPA 2010 s 241]
    • Section 242 โ€“ Scheme including transfer of rights under a security [TIOPA 2010 s 242]
  • โ–ธ Consequences of deduction notices (ss 243-248)
    • Section 243 โ€“ Consequences of deduction notices [TIOPA 2010 s 243]
    • Section 244 โ€“ The rule against double deduction [TIOPA 2010 s 244]
    • Section 245 โ€“ Application of the rule against deduction for untaxable payments [TIOPA 2010 s 245]
    • Section 246 โ€“ Cases where payeeโ€™s non-liability treated as not a result of scheme [TIOPA 2010 s 246]
    • Section 247 โ€“ Cases where payee treated as having reduced liability as a result of scheme [TIOPA 2010 s 247]
    • Section 248 โ€“ The rule against deduction for untaxable payments [TIOPA 2010 s 248]
  • โ–ธ Receipt notices (ss 249-254)
    • Section 249 โ€“ Receipt notices [TIOPA 2010 s 249]
    • Section 250 โ€“ The receipt scheme conditions [TIOPA 2010 s 250]
    • Section 251 โ€“ Amounts within corporation tax [TIOPA 2010 s 251]
    • Section 252 โ€“ Further provisions about receipt notices [TIOPA 2010 s 252]
    • Section 253 โ€“ Exception for dealers [TIOPA 2010 s 253]
    • Section 254 โ€“ Rule for calculation or recalculation of income etc. following receipt notice [TIOPA 2010 s 254]
  • โ–ธ General provisions about deduction notices and receipt notices (ss 255-257)
    • Section 255 โ€“ Notices given before tax return made [TIOPA 2010 s 255]
    • Section 256 โ€“ Notices given after tax return made [TIOPA 2010 s 256]
    • Section 257 โ€“ Amendments, closure notices and discovery assessments where section 256 applies [TIOPA 2010 s 257]
  • โ–ธ Interpretation (ss 258-259)
    • Section 258 โ€“ Schemes and series of transactions [TIOPA 2010 s 258]
    • Section 259 โ€“ Minor definitions [TIOPA 2010 s 259]
โ–ธ Part 6A โ€“ Hybrid and other mismatches (ss 259A-259NF)
  • โ–ธ Chapter 1 โ€“ Introduction (s 259A)
    • Section 259A โ€“ Overview of Part [TIOPA 2010 s 259A]
  • โ–ธ Chapter 2 โ€“ Key definitions (ss 259B-259BF)
    • Meaning of โ€œtaxโ€ (s 259B)
    • Equivalent provision to this Part under foreign law (s 259BA)
    • Payments and quasi-payments etc. (s 259BB)
    • Ordinary income (ss 259BC-259BD)
    • Hybrid entity etc. (s 259BE)
    • Permanent establishments (s 259BF)
  • โ–ธ Chapter 3 โ€“ Hybrid and other mismatches from financial instruments (ss 259C-259CE)
    • Introduction (s 259C)
    • Application of Chapter (ss 259CA-259CC)
    • Counteraction (ss 259CD-259CE)
  • โ–ธ Chapter 4 โ€“ Hybrid transfer deduction/non-inclusion mismatches (ss 259D-259DG)
    • Introduction (s 259D)
    • Application of Chapter (ss 259DA-259DE)
    • Counteraction (ss 259DF-259DG)
  • โ–ธ Chapter 5 โ€“ Hybrid payer deduction/non-inclusion mismatches (ss 259E-259ED)
    • Introduction (s 259E)
    • Application of Chapter (ss 259EA-259EB)
    • Counteraction (ss 259EC-259ED)
  • โ–ธ Chapter 6 โ€“ Deduction/non-inclusion mismatches relating to transfers by permanent establishments (ss 259F-259FC)
    • Introduction (s 259F)
    • Application of Chapter (s 259FA)
    • Counteraction (ss 259FB-259FC)
  • โ–ธ Chapter 7 โ€“ Hybrid payee deduction/non-inclusion mismatches (ss 259G-259GE)
    • Introduction (s 259G)
    • Application of Chapter (ss 259GA-259GB)
    • Counteraction (ss 259GC-259GE)
  • โ–ธ Chapter 8 โ€“ Multinational payee deduction/non-inclusion mismatches (ss 295H-295HC)
    • Introduction (s 259H)
    • Application of Chapter (ss 259HA-259HB)
    • Counteraction (s 259HC)
  • โ–ธ Chapter 9 โ€“ Hybrid entity double deduction mismatches (ss 259I-259ID)
    • Introduction (s 259I)
    • Application of Chapter (s 259IA)
    • Counteraction (ss 259IB-259ID)
  • โ–ธ Chapter 10 โ€“ Dual territory double deduction cases (ss 259J-259JD)
    • Introduction (s 259J)
    • Application of Chapter (s 259JA)
    • Counteraction (ss 259JB-259JE)
  • โ–ธ Chapter 11 โ€“ Imported mismatches (ss 259K-259KD)
    • Introduction (s 259K)
    • Application of Chapter (ss 259KA-259KB)
    • Counteraction (ss 259KC-259KF)
  • โ–ธ Chapter 12 โ€“ Adjustments in light of subsequent events etc. (ss 259L-259LB)
    • Section 259L โ€“ Adjustments where suppositions cease to be reasonable [TIOPA 2010 s 259L]
    • Section 259LA โ€“ Deduction from taxable total profits where an amount of ordinary income arises late [TIOPA 2010 s 259LA]
    • Section 259LB โ€“ Adjustments in light of later treatment for accounting purposes [TIOPA 2010 s 259LB]
  • โ–ธ Chapter 12A โ€“ Allocation of dual inclusion income within group (ss 259ZM-259ZMF)
    • Introduction (s 259ZM)
    • Application of Chapter (s 259ZMA)
    • Allocation of DII surplus (ss 259ZMB-259ZMD)
    • Groups (s 259ZME)
    • โ€œDual inclusion incomeโ€ and โ€œcounteraction amountโ€ (s 259ZMF)
  • โ–ธ Chapter 13 โ€“ Anti-avoidance (s 259M)
    • Section 259M โ€“ Countering the effect of avoidance arrangements [TIOPA 2010 s 259M]
  • โ–ธ Chapter 13A โ€“ Special provision concerning transparent funds (ss 259MA-MD)
    • Section 259MA โ€“ Meaning of โ€œtransparent fundโ€ [TIOPA 2010 s 259MA]
    • Section 259MB โ€“ Application of Chapters 3, 4, 5 and 7 [TIOPA s 259MB]
    • Section 259MC โ€“ Application of Chapter 9 [TIOPA 2010 s 259MC]
    • Section 259MD โ€“ Application of Chapter 11 [TIOPA 2010 s 259MD]
  • โ–ธ Chapter 14 โ€“ Interpretation (ss 259N-259NF)
    • Financial instruments (s 259N)
    • Relevant investment funds (s 259NA)
    • Control groups and related persons (ss 259NB-259ND)
    • Qualifying institutional investors etc. (s 259NDA)
    • Partnerships (s 259NE)
    • Securitisation companies (s 259NEZA)
    • Priority (s 259NEA)
    • Relevant debt relief circumstances (ss 259NEB-259NEF)
    • Definitions (s 259NF)
โ–ธ Part 7 โ€“ Tax treatment of financing costs and income (ss 260-353B)
  • โ–ธ Chapter 1 โ€“ Introduction (ss 260)
    • Section 260 โ€“ Introduction [TIOPA 2010 s 260]
  • โ–ธ Chapter 2 โ€“ Application of Part (ss 261-273A)
    • Section 261 โ€“ Application of Part [TIOPA 2010 s 261]
    • Section 262 โ€“ UK net debt of worldwide group for period of account of worldwide group [TIOPA 2010 s 262]
    • Section 263 โ€“ Net debt of a company [TIOPA 2010 s 263]
    • Section 264 โ€“ Worldwide gross debt of worldwide group for period of account of the group [TIOPA 2010 s 264]
    • Section 265 โ€“ References to amounts disclosed in balance sheet of company [a] [TIOPA 2010 s 265]
    • Section 265A โ€“ Different accounting treatment used at company and group levels [TIOPA 2010 s 265A]
    • Section 266 โ€“ Qualifying financial services groups [TIOPA 2010 s 266]
    • Section 267 โ€“ Qualifying activities [TIOPA 2010 s 267]
    • Section 268 โ€“ Lending activities and activities ancillary to lending activities [TIOPA 2010 s 268]
    • Section 269 โ€“ Insurance activities and insurance-related activities [TIOPA 2010 s 269]
    • Section 270 โ€“ Relevant dealing in financial instruments [TIOPA 2010 s 270]
    • Section 271 โ€“ UK trading income of the worldwide group [TIOPA 2010 s 271]
    • Section 272 โ€“ Worldwide trading income of the worldwide group [TIOPA 2010 s 272]
    • Section 273 โ€“ Foreign currency accounting [TIOPA 2010 s 273]
    • Section 273A โ€“ Meaning of โ€œgroup securitisation companyโ€ [TIOPA 2010 s 273A]
  • โ–ธ Chapter 3 โ€“ Disallowance of deductions (ss 274-285)
    • Section 274 โ€“ Application of Chapter and meaning of โ€œtotal disallowed amountโ€ [TIOPA 2010 s 274]
    • Section 275 โ€“ Meaning of โ€œcompany to which this Chapter appliesโ€ [TIOPA 2010 s 275]
    • Section 275A โ€“ Meaning of โ€œdual resident investing companyโ€ [TIOPA 2010 s 275A]
    • Section 276 โ€“ Appointment of authorised company for relevant period of account [TIOPA 2010 s 276]
    • Section 277 โ€“ Meaning of โ€œthe reporting bodyโ€ [TIOPA 2010 s 277]
    • Section 278 โ€“ Statement of allocated disallowances: submission [TIOPA 2010 s 278]
    • Section 279 โ€“ Statement of allocated disallowances: submission of revised statement [TIOPA 2010 s 279]
    • Section 280 โ€“ Statement of allocated disallowances: requirements [TIOPA 2010 s 280]
    • Section 280A โ€“ Statement of allocated disallowances: dual resident investing companies [TIOPA 2010 s 280A]
    • Section 281 โ€“ Statement of allocated disallowances: effect [TIOPA 2010 s 281]
    • Section 282 โ€“ Company tax returns [TIOPA 2010 s 282]
    • Section 283 โ€“ Power to make regulations about statement of allocated disallowances [TIOPA 2010 s 283]
    • Section 284 โ€“ Failure of reporting body to submit statement of allocated disallowances [TIOPA 2010 s 284]
    • Section 284A โ€“ Section 284: supplementary [TIOPA 2010 s 284A]
    • Section 285 โ€“ Powers to make regulations in relation to reductions under section 284 [TIOPA 2010 s 285]
  • โ–ธ Chapter 4 โ€“ Exemption of financing income (ss 286-298A)
    • Section 286 โ€“ Application of Chapter and meaning of โ€œtotal disallowed amountโ€ [TIOPA 2010 s 286]
    • Section 287 โ€“ Meaning of โ€œcompany to which this Chapter appliesโ€ [TIOPA 2010 s 287]
    • Section 288 โ€“ Appointment of authorised company for relevant period of account [TIOPA 2010 s 288]
    • Section 289 โ€“ Meaning of โ€œthe reporting bodyโ€ [TIOPA 2010 s 289]
    • Section 290 โ€“ Statement of allocated exemptions: submission [TIOPA 2010 s 290]
    • Section 291 โ€“ Statement of allocated exemptions: submission of revised statement [TIOPA 2010 s 291]
    • Section 292 โ€“ Statement of allocated exemptions: requirements [TIOPA 2010 s 292]
    • Section 293 โ€“ Statement of allocated exemptions: effect [TIOPA 2010 s 293]
    • Section 294 โ€“ Company tax returns [TIOPA 2010 s 294]
    • Section 295 โ€“ Power to make regulations about statement of allocated exemptions [TIOPA 2010 s 295]
    • Section 296 โ€“ Failure of reporting body to submit statement of allocated exemptions [TIOPA 2010 s 296]
    • Section 297 โ€“ Power to make regulations in relation to reductions under section 296 [TIOPA 2010 s 297]
    • Section 298 โ€“ Balancing payments between group companies: no tax charge or relief [TIOPA 2010 s 298]
    • Section 298A โ€“ Application of Chapter to financing income amounts determined under section 314A [TIOPA 2010 s 298A]
  • โ–ธ Chapter 5 โ€“ Intra-group financing income where payer denied deduction (ss 299-305)
    • Section 299 โ€“ Tax exemption for certain financing income received from EEA companies [TIOPA 2010 s299]
    • Section 300 โ€“ Meaning of โ€œrelevant associateโ€ [TIOPA 2010 s 300]
    • Section 301 โ€“ Meaning of โ€œtax-residentโ€ and โ€œEEA territoryโ€ [TIOPA 2010 s 301]
    • Section 302 โ€“ Qualifying EEA tax relief for payment in current or previous period [TIOPA 2010 s 302]
    • Section 303 โ€“ Qualifying EEA tax relief for payment in future period [TIOPA 2010 s 303]
    • Section 304 โ€“ References to tax of a territory [TIOPA 2010 s 304]
    • Section 305 โ€“ Financing income amounts of a company [TIOPA 2010 s 305]
  • โ–ธ Chapter 6 โ€“ Tax avoidance (ss 305A-312)
    • Section 305A โ€“ Schemes preventing this Part applying to a large group [TIOPA 2010 s 305A]
    • Section 306 โ€“ Schemes involving manipulation of rules in Chapter 2 [TIOPA 2010 s 306]
    • Section 307 โ€“ Schemes involving manipulation of rules in Chapters 3 and 4 [TIOPA 2010 s 307]
    • Section 308 โ€“ Meaning of โ€œrelevant net deductionโ€ [TIOPA 2010 s 308]
    • Section 309 โ€“ Calculation of amounts [TIOPA 2010 s 309]
    • Section 310 โ€“ Meaning of โ€œcarried-back amountโ€ and โ€œcarried-forward amountโ€ [TIOPA 2010 s 310]
    • Section 311 โ€“ Schemes involving manipulation of rules in Chapter 5 [TIOPA 2010 s 311]
    • Section 312 โ€“ Meaning of โ€œschemeโ€ and โ€œexcluded schemeโ€ [TIOPA 2010 s 312]
  • โ–ธ Chapter 7 โ€“ โ€œFinancing expense amountโ€ and โ€œfinancing income amountโ€ (ss 313-328)
    • Section 313 โ€“ The financing expense amounts of a company [TIOPA 2010 s 313]
    • Section 314 โ€“ The financing income amounts of a company [TIOPA 2010 s 314]
    • Section 314A โ€“ The financing income amounts of a chargeable company under Part 9A [TIOPA 2010 s 314A]
    • Section 315 โ€“ Interpretation of sections 313 and 314 [TIOPA 2010 s 315]
    • Section 316 โ€“ Group treasury companies [TIOPA 2010 s 316]
    • Section 317 โ€“ Real estate investment trusts [TIOPA 2010 s 317]
    • Section 317A โ€“ Companies with permanent establishments profits election [TIOPA 2010 s 317A]
    • Section 318 โ€“ Companies engaged in oil extraction activities [TIOPA 2010 s 318]
    • Section 318A โ€“ Industrial and provident societies [TIOPA 2010 s 318A]
    • Section 319 โ€“ Intra-group short-term finance: financing expense [TIOPA 2010 s 319]
    • Section 320 โ€“ Intra-group short-term finance: financing income [TIOPA 2010 s 320]
    • Section 321 โ€“ Short-term loan relationships [TIOPA 2010 s 321]
    • Section 322 โ€“ Stranded deficits in non-trading loan relationships: financing expense [TIOPA 2010 s 322]
    • Section 323 โ€“ Stranded deficits in non-trading loan relationships: financing income [TIOPA 2010 s 323]
    • Section 324 โ€“ Stranded management expenses in non-trading loan relationships: financing expense [TIOPA 2010 s 324]
    • Section 325 โ€“ Stranded management expenses in non-trading loan relationships: financing income [TIOPA 2010 s 325]
    • Section 326 โ€“ Charities [TIOPA 2010 s 326]
    • Section 327 โ€“ Educational and public bodies [TIOPA 2010 s 327]
    • Section 328 โ€“ Interpretation of sections 316 to 327 [TIOPA 2010 s 328]
  • โ–ธ Chapter 8 โ€“ โ€œTested expense amountโ€ and โ€œtested income amountโ€ (ss 329-331ZA)
    • Section 329 โ€“ The tested expense amount [TIOPA 2010 s 329]
    • Section 330 โ€“ The tested income amount [TIOPA 2010 s 330]
    • Section 331 โ€“ Companies with net financing deduction or net financing income that is small [TIOPA 2010 s 331]
    • Section 331ZA โ€“ Elections disapplying sections 329(5) and 330(5) [TIOPA 2010 s 331ZA]
    • Section 331A โ€“ Mismatches between tax treatment and accounting treatment [TIOPA 2010 s 331A]
  • โ–ธ Chapter 9 โ€“ โ€œAvailable amountโ€ (ss 332-336A)
    • Section 332 โ€“ The available amount [TIOPA 2010 s 332]
    • Section 332A โ€“ Groups containing securitisation companies [TIOPA 2010 s 332A]
    • Section 332AA โ€“ Change of accounting standards: investment entities [TIOPA 2010 s 332AA]
    • Section 332B โ€“ Partnerships: expenses of borrowing [TIOPA 2010 s 332B]
    • Section 332C โ€“ Partnerships: other expenses [TIOPA 2010 s 332C]
    • Section 333 โ€“ Group members with income from oil extraction subject to particular tax treatment in UK [TIOPA 2010 s 333]
    • Section 334 โ€“ Group members with income from shipping subject to particular tax treatment in UK [TIOPA 2010 s 334]
    • Section 335 โ€“ Group members with income from property rental subject to particular tax treatment in UK [TIOPA 2010 s 335]
    • Section 336 โ€“ Meaning of accounting expressions used in this Chapter [TIOPA 2010 s 336]
    • Section 336A โ€“ Mismatches between tax treatment and accounting treatment [TIOPA 2010 s 336A]
  • โ–ธ Chapter 10 โ€“ Other interpretative provisions (ss 337-353B)
    • Section 337 โ€“ The worldwide group [TIOPA 2010 s 337]
    • Section 338 โ€“ Meaning of โ€œgroupโ€ [TIOPA 2010 s 338]
    • Section 339 โ€“ Meaning of โ€œultimate parentโ€ [TIOPA 2010 s 339]
    • Section 340 โ€“ Meaning of โ€œcorporate entityโ€ [TIOPA 2010 s 340]
    • Section 341 โ€“ Meaning of โ€œrelevant non-corporate entityโ€ [TIOPA 2010 s 341]
    • Section 342 โ€“ Treatment of entities stapled to corporate, or relevant non-corporate, entities [TIOPA 2010 s 342]
    • Section 343 โ€“ Treatment of business combinations [TIOPA 2010 s 343]
    • Section 344 โ€“ Meaning of โ€œlargeโ€ in relation to a group [TIOPA 2010 s 344]
    • Section 345 โ€“ Meaning of โ€œUK group companyโ€ and โ€œrelevant group companyโ€ [TIOPA 2010 s 345]
    • Section 346 โ€“ Financial statements of the worldwide group [TIOPA 2010 s 346]
    • Section 347 โ€“ Non-compliant financial statements of the worldwide group [TIOPA 2010 s 347]
    • Section 348 โ€“ Non-existent financial statements of the worldwide group [TIOPA 2010 s 348]
    • Section 348A โ€“ Financial statements: business combinations to which the worldwide group is a party [TIOPA 2010 s 348A]
    • Section 349 โ€“ References to amounts disclosed in financial statements [TIOPA 2010 s 349]
    • Section 350 โ€“ Translation of amounts disclosed in financial statements [TIOPA 2010 s 350]
    • Section 351 โ€“ Expressions taking their meaning from international accounting standards [TIOPA 2010 s 351]
    • Section 352 โ€“ Meaning of โ€œrelevant accounting periodโ€ [TIOPA 2010 s 352]
    • Section 353 โ€“ Other expressions [TIOPA 2010 s 353]
    • Section 353A โ€“ Effect of Part on parties to capital market arrangements [TIOPA 2010 s 353A]
    • Section 353AA โ€“ Power to make regulations where accounting standards change [TIOPA 2010 s 353AA]
    • Section 353B โ€“ Regulations and orders [TIOPA 2010 s 353B]
โ–ธ Part 8 โ€“ Offshore funds etc. (ss 354-363A)
  • โ–ธ Tax treatment of participants in offshore funds (ss 354-359)
    • Section 354 โ€“ Power to make regulations about tax treatment of participants [TIOPA 2010 s 354]
    • Section 355 โ€“ Meaning of โ€œoffshore fundโ€ [TIOPA 2010 s 355]
    • Section 356 โ€“ Meaning of โ€œmutual fundโ€ [TIOPA 2010 s 356]
    • Section 357 โ€“ Exceptions to definition of โ€œmutual fundโ€ [TIOPA 2010 s 357]
    • Section 358 โ€“ Meaning of โ€œrelevant income-producing assetโ€ [TIOPA 2010 s 358]
    • Section 359 โ€“ Power to make regulations about exceptions to definition of โ€œmutual fund [TIOPA 2010 s 359]
  • โ–ธ Supplementary (ss 360-363A)
    • Section 360 โ€“ Treatment of umbrella arrangements [TIOPA 2010 s 360]
    • Section 361 โ€“ Treatment of arrangements comprising more than one class of interest [TIOPA 2010 s 361]
    • Section 362 โ€“ Meaning of โ€œparticipantโ€ and โ€œparticipationโ€ [TIOPA 2010 s 362]
    • Section 363 โ€“ Meaning of โ€œumbrella arrangementsโ€ and โ€œpart of umbrella arrangementsโ€ [TIOPA 2010 s 363]
    • Section 363A โ€“ Residence of undertakings for collective investment in transferable securities and alterative investment funds [TIOPA 2010 s 363A]
โ–ธ Part 9 โ€“ Amendments to relocate provisions of tax legislation (ss 364-371)
  • Section 364 โ€“ Oil activities [TIOPA 2010 s 364]
  • Section 365 โ€“ Alternative finance arrangements [TIOPA 2010 s 365]
  • Section 366 โ€“ Power to amend the alternative finance provisions [TIOPA 2010 s 366]
  • Section 367 โ€“ Leasing arrangements: finance leases and loans [TIOPA 2010 s 367]
  • Section 368 โ€“ Sale and lease-back etc [TIOPA 2010 s 368]
  • Section 369 โ€“ Factoring of income etc [TIOPA 2010 s 369]
  • Section 370 โ€“ UK representatives of non-UK residents [TIOPA 2010 s 370]
  • Section 371 โ€“ Miscellaneous relocations [TIOPA 2010 s 371]
โ–ธ Part 9A โ€“ Controlled foreign companies (ss 371AA-371VJ)
  • โ–ธ Chapter 1 โ€“ Overview (ss 371AA)
    • Section 371AA โ€“ Overview of Part [TIOPA 2010 s 371AA]
  • โ–ธ Chapter 2 โ€“ The CFC charge (ss 371BA-371BI)
    • Section 371BA โ€“ Introduction to the CFC charge [TIOPA 2010 s 371BA]
    • Section 371BB โ€“ The CFC charge gateway [TIOPA 2010 s 371BB]
    • Section 371BC โ€“ Charging the CFC charge [TIOPA 2010 s 371BC]
    • Section 371BD โ€“ Chargeable companies [TIOPA 2010 s 371BD]
    • Section 371BE โ€“ Companies which are managers of offshore funds etc [TIOPA 2010 s 371BE]
    • Section 371BF โ€“ Companies which are participants in offshore funds [TIOPA 2010 s 371BF]
    • Section 371BG โ€“ Companies holding shares as trading assets etc. [TIOPA 2010 s 371BG]
    • Section 371BH โ€“ Companies carrying on BLAGAB [TIOPA 2010 s 371BH]
    • Section 371BI โ€“ Banking companies [TIOPA 2010 s 371BI]
  • โ–ธ Chapter 3 โ€“ The CFC charge gateway: determining which (if any) of Chapters 4 to 8 applies (ss 371CA-371CG)
    • Section 371CA โ€“ Does Chapter 4 apply? [TIOPA 2010 s 371CA]
    • Section 371CB โ€“ Does Chapter 5 apply? [TIOPA 2010 s 371CB]
    • Section 371CC โ€“ Incidental non-trading finance profits: the 5% rule [TIOPA 2010 s 371CC]
    • Section 371CD โ€“ Incidental non-trading finance profits: the further 5% rule [TIOPA 2010 s 371CD]
    • Section 371CE โ€“ Does Chapter 6 apply? [TIOPA 2010 s 371CE]
    • Section 371CEA โ€“ Section 371CE: meaning of โ€œgroup treasury companyโ€ [TIOPA 2010 s 371CEA]
    • Section 371CF โ€“ Does Chapter 7 apply? [TIOPA 2010 s 371CF]
    • Section 371CG โ€“ Does Chapter 8 apply? [TIOPA 2010 s 371CG]
  • โ–ธ Chapter 4 โ€“ The CFC charge gateway: profits attributable to UK activities (ss 371DA-371DL)
    • Section 371DA โ€“ Introduction to Chapter [TIOPA 2010 s 371DA]
    • Section 371DB โ€“ The steps [TIOPA 2010 s 371DB]
    • Section 371DC โ€“ Exclusion: UK activities a minority of total activities [TIOPA 2010 s 371DC]
    • Section 371DD โ€“ Exclusion: economic value [TIOPA 2010 s 371DD]
    • Section 371DE โ€“ Exclusion: independent companies' arrangements [TIOPA 2010 s 371DE]
    • Section 371DF โ€“ Exclusion: trading profits (the basic rule) [TIOPA 2010 s 371DF]
    • Section 371DG โ€“ Exclusion: trading profits (business premises condition) [TIOPA 2010 s 371DG]
    • Section 371DH โ€“ Exclusion: trading profits (income condition) [TIOPA 2010 s 371DH]
    • Section 371DI โ€“ Exclusion: trading profits (management expenditure condition) [TIOPA 2010 s 371DI]
    • Section 371DJ โ€“ Exclusion: trading profits (IP condition) [TIOPA 2010 s 371DJ]
    • Section 371DK โ€“ Exclusion: trading profits (export of goods condition) [TIOPA 2010 s 371DK]
    • Section 371DL โ€“ Exclusion: trading profits (anti-avoidance) [TIOPA 2010 s 371DL]
  • โ–ธ Chapter 5 โ€“ The CFC charge gateway: Non-trading finance profits (ss 371EA-371EE)
    • Section 371EA โ€“ The basic rule [TIOPA 2010 s 371EA]
    • Section 371EB โ€“ UK activities [TIOPA 2010 s 371EB]
    • Section 371EC โ€“ Capital investment from the UK [TIOPA 2010 s 371EC]
    • Section 371ED โ€“ Arrangements in lieu of dividends etc. to UK resident companies etc. [TIOPA 2010 s 371ED]
    • Section 371EE โ€“ Leases to UK resident companies etc. [TIOPA 2010 s 371EE]
  • โ–ธ Chapter 6 โ€“ The CFC charge gateway: trading finance profits (ss 371FA-371FE)
    • Section 371FA โ€“ The basic rule [TIOPA 2010 s 371FA]
    • Section 371FB โ€“ Qualifying loan relationships [TIOPA 2010 s 371FB]
    • Section 371FC โ€“ Loans from foreign permanent establishments of UK resident companies [TIOPA 2010 s 371FC]
    • Section 371FD โ€“ Exclusion: banking business [TIOPA 2010 s 371FD]
    • Section 371FE โ€“ Exclusion: insurance business [TIOPA 2010 s 371FE]
  • โ–ธ Chapter 7 โ€“ The CFC charge gateway: captive insurance business (ss 371GA)
    • Section 371GA โ€“ The basic rule [TIOPA 2010 s 371GA]
  • โ–ธ Chapter 8 โ€“ The CFC charge gateway: solo consolidation (ss 371HA)
    • Section 371HA โ€“ The basic rule [TIOPA 2010 s 371HA]
  • โ–ธ Chapter 9 โ€“ Exemptions for profits from qualifying loan relationships (ss 371IA-371IJ)
    • Section 371IA โ€“ The basic rule [TIOPA 2010 s 371IA]
    • Section 371IB โ€“ Loans funded out of qualifying resources [TIOPA 2010 s 371IB]
    • Section 371IC โ€“ What is the โ€œqualifying valueโ€ of โ€œrelevant pre-acquisition funds or other assetsโ€? [TIOPA 2010 s 371IC]
    • Section 371ID โ€“ The 75% exemption [TIOPA 2010 s 371ID]
    • Section 371IE โ€“ Matched interest [TIOPA 2010 s 371IE]
    • Section 371IF โ€“ Determining the profits of a qualifying loan relationship [TIOPA 2010 s 371IF]
    • Section 371IG โ€“ What is a โ€œqualifying loan relationshipโ€? [TIOPA 2010 s 371IG]
    • Section 371IH โ€“ Exclusions from definition of โ€œqualifying loan relationshipโ€ [TIOPA 2010 s 371IH]
    • Section 371II โ€“ Power to amend definitions [TIOPA 2010 s 371II]
    • Section 371IJ โ€“ Claims [TIOPA 2010 s 371IJ]
  • โ–ธ Chapter 10 โ€“ The exempt period exemption (ss 371JA-371JG)
    • Section 371JA โ€“ Introduction to Chapter [TIOPA 2010 s 371JA]
    • Section 371JB โ€“ The basic rule [TIOPA 2010 s 371JB]
    • Section 371JC โ€“ When does an exempt period begin? [TIOPA 2010 s 371JC]
    • Section 371JD โ€“ How long is an exempt period? [TIOPA 2010 s 371JD]
    • Section 371JE โ€“ Adjustment of profits passing through the CFC charge gateway [TIOPA 2010 s 371JE]
    • Section 371JF โ€“ Anti-avoidance [TIOPA 2010 s 371JF]
    • Section 371JG โ€“ Amendment of company tax returns [TIOPA 2010 s 371JG]
  • โ–ธ Chapter 11 โ€“ The excluded territories exemption (ss 371KA-371KJ)
    • Section 371KA โ€“ Introduction to Chapter [TIOPA 2010 s 371KA]
    • Section 371KB โ€“ The basic rule [TIOPA 2010 s 371KB]
    • Section 371KC โ€“ How to determine the territory in which a CFC is resident [TIOPA 2010 s 371KC]
    • Section 371KD โ€“ What is โ€œthe threshold amountโ€? [TIOPA 2010 s 371KD]
    • Section 371KE โ€“ Category A income: the basic rule [TIOPA 2010 s 371KE]
    • Section 371KF โ€“ Category A income: permanent establishments in excluded territories [TIOPA 2010 s 371KF]
    • Section 371KG โ€“ Category B income [TIOPA 2010 s 371KG]
    • Section 371KH โ€“ Category C income [TIOPA 2010 s 371KH]
    • Section 371KI โ€“ Category D income [TIOPA 2010 s 371KI]
    • Section 371KJ โ€“ The IP condition [TIOPA 2010 s 371KJ]
  • โ–ธ Chapter 12 โ€“ The low profits exemption (ss 371LA-371LC)
    • Section 371LA โ€“ Introduction to Chapter [TIOPA 2010 s 371LA]
    • Section 371LB โ€“ The basic rule [TIOPA 2010 s 371LB]
    • Section 371LC โ€“ Anti-avoidance [TIOPA 2010 s 371LC]
  • โ–ธ Chapter 13 โ€“ The low profit margin exemption (ss 371MA-371MC)
    • Section 371MA โ€“ Introduction to Chapter [TIOPA 2010 s 371MA]
    • Section 371MB โ€“ The basic rule [TIOPA 2010 s 371MB]
    • Section 371MC โ€“ Anti-avoidance [TIOPA 2010 s 371MC]
  • โ–ธ Chapter 14 โ€“ The tax exemption (ss 371NA-371NE)
    • Section 371NA โ€“ Introduction to Chapter [TIOPA 2010 s 371NA]
    • Section 371NB โ€“ The basic rule [TIOPA 2010 s 371NB]
    • Section 371NC โ€“ Reductions to โ€œthe local tax amountโ€ [TIOPA 2010 s 371NC]
    • Section 371ND โ€“ What are โ€œdesigner rate tax provisionsโ€? [TIOPA 2010 s 371ND]
    • Section 371NE โ€“ How to determine โ€œthe corresponding UK taxโ€ [TIOPA 2010 s 371NE]
  • โ–ธ Chapter 15 โ€“ Relevant interests in a CFC (ss 371OA-371OE)
    • Introduction (ss 371OA-371OB)
    • What is a โ€œrelevant interestโ€ in a CFC? (ss 371OC-371OE)
  • โ–ธ Chapter 16 โ€“ Creditable tax of a CFC (ss 371PA)
    • Section 371PA โ€“ What is โ€œcreditable taxโ€? [TIOPA 2010 s 371PA]
  • โ–ธ Chapter 17 โ€“ Apportionment of a CFC's chargeable profit and creditable tax (ss 371QA-371QG)
    • Introduction (ss 371QA-371QB)
    • How are the apportionments to be made? (ss 371QC-371QG)
  • โ–ธ Chapter 18 โ€“ Control (ss 371RA-371RG)
    • Section 371RA โ€“ Overview of Chapter [TIOPA 2010 s 371RA]
    • Section 371RB โ€“ Legal and economic control [TIOPA 2010 s 371RB]
    • Section 371RC โ€“ Legal and economic control: the 40% rule [TIOPA 2010 s 371RC]
    • Section 371RD โ€“ Legal and economic control: supplementary provision [TIOPA 2010 s 371RD]
    • Section 371RE โ€“ Control determined by reference to accounting standards [TIOPA 2010 s 371RE]
    • Section 371RF โ€“ Power to amend section 371RE etc. [TIOPA 2010 s 371RF]
    • Section 371RG โ€“ Companies in which a UK resident company has more than a 50% investment [TIOPA 2010 s 371RG]
  • โ–ธ Chapter 19 โ€“ Assumed taxable total profits, assumed total profits and the corporation tax assumptions (ss 371SA-371SR)
    • Overview (s 371SA)
    • โ€œAssumed taxable total profitsโ€ and โ€œassumed total profitsโ€ (s 371SB)
    • โ€œThe corporation tax assumptionsโ€ (ss 371SC-371SR)
  • โ–ธ Chapter 20 โ€“ Residence of CFC's (ss 371TA-371TC)
    • Section 371TA โ€“ The basic rule [TIOPA 2010 s 371TA]
    • Section 371TB โ€“ How to determine the territory in which the CFC is resident [TIOPA 2010 s 371TB]
    • Section 371TC โ€“ Elections and designations about residence [TIOPA 2010 s 371TC]
  • โ–ธ Chapter 21 โ€“ Management (ss 371UA-371UF)
    • Section 371UA โ€“ Introduction to Chapter [TIOPA 2010 s 371UA]
    • Section 371UB โ€“ Application of the Taxes Acts to the CFC charge [TIOPA 2010 s 371UB]
    • Section 371UBA โ€“ Payments in respect of a charge on a banking company: information to be provided [TIOPA 2010 s 371UBA]
    • Section 371UC โ€“ Just and reasonable apportionments [TIOPA 2010 s 371UC]
    • Section 371UD โ€“ Relief against sum charged [TIOPA 2010 s 371UD]
    • Section 371UE โ€“ Appeals affecting more than one person [TIOPA 2010 s 371UE]
    • Section 371UF โ€“ Recovery of sum charged from other UK resident companies [TIOPA 2010 s 371UF]
  • โ–ธ Chapter 22 โ€“ Supplementary provision (ss 371VA-371VJ)
    • Section 371VA โ€“ Definitions [TIOPA 2010 s 371VA]
    • Section 371VB โ€“ Accounting periods [TIOPA 2010 s 371VB]
    • Section 371VC โ€“ Accounting profits [TIOPA 2010 s 371VC]
    • Section 371VD โ€“ Adjustments to accounting profits [TIOPA 2010 s 371VD]
    • Section 371VE โ€“ Cell companies etc. [TIOPA 2010 s 371VE]
    • Section 371VF โ€“ Connected persons etc. [TIOPA 2010 s 371VF]
    • Section 371VG โ€“ Finance profits [TIOPA 2010 s 371VG]
    • Section 371VH โ€“ Interests in companies [TIOPA 2010 s 371VH]
    • Section 371VI โ€“ Property business profits [TIOPA 2010 s 371VI]
    • Section 371VIA โ€“ Relevant finance leases [TIOPA 2010 s 371VIA]
    • Section 371VJ โ€“ Regulations [TIOPA 2010 s 371VJ]
โ–ธ Part 10 โ€“ Corporate interest restriction (ss 372-498)
  • โ–ธ Chapter 1 โ€“ Introduction (ss 372-374)
    • Section 372 โ€“ Overview [TIOPA 2010 s 372]
    • Section 373 โ€“ Meaning of โ€œsubject to interest restrictionsโ€, โ€œthe total disallowed amountโ€ etc. [TIOPA 2010 s 373]
    • Section 374 โ€“ Interest restriction returns [TIOPA 2010 s 374]
  • โ–ธ Chapter 2 โ€“ Disallowance and reactivation of tax-interest expense amounts (ss 375-381)
    • Section 375 โ€“ Disallowance of deductions: full interest restriction return submitted [TIOPA 2010 s 375]
    • Section 376 โ€“ Disallowance of deductions: no return, or non-compliant return, submitted [TIOPA 2010 s 376]
    • Section 377 โ€“ Disallowance of deductions: identification of the tax-interest amounts to be left out of account [TIOPA 2010 s 377]
    • Section 378 โ€“ Disallowed tax-interest expense amounts carried forward [TIOPA 2010 s 378]
    • Section 379 โ€“ Reactivation of interest [TIOPA 2010 s 379]
    • Section 380 โ€“ Reactivation of deductions: identification of the tax-interest amounts to be brought into account [TIOPA 2010 s 380]
    • Section 381 โ€“ Set-off of disallowances and reactivations in the same accounting period [TIOPA 2010 s 381]
  • โ–ธ Chapter 3 โ€“ Tax-interest amounts (ss 382-391A)
    • Tax-interest expense and income amounts: basic rules (ss 382-387)
    • Double taxation relief (s 388)
    • Net tax-interest expense (ss 389-390)
    • Interpretation (ss 391-391A)
  • โ–ธ Chapter 4 โ€“ Interest capacity (ss 392-395A)
    • Section 392 โ€“ The interest capacity of a worldwide group for a period of account [TIOPA 2010 s 392]
    • Section 393 โ€“ Amount of interest allowance for a period that is โ€œavailableโ€ in a later period [TIOPA 2010 s 393]
    • Section 394 โ€“ When interest allowance is โ€œusedโ€ [TIOPA 2010 s 394]
    • Section 395 โ€“ Amount of interest allowance for a period of account that is โ€œunexpiredโ€ in later period [TIOPA 2010 s 395]
    • Section 395A โ€“ Carry forward of interest allowance: new holding company [TIOPA 2010 s 395A]
  • โ–ธ Chapter 5 โ€“ Interest allowance (ss 396-404)
    • Interest allowance (ss 396-400A)
    • Effect of group ratio (blended) election (ss 401-404)
  • โ–ธ Chapter 6 โ€“ Tax-EBITDA (ss 405-409)
    • Section 405 โ€“ The aggregate tax-EBITDA of a worldwide group [TIOPA 2010 s 405]
    • Section 406 โ€“ The tax-EBITDA of a company [TIOPA 2010 s 406]
    • Section 407 โ€“ Amounts not brought into account in determining a companyโ€™s tax-EBITDA [TIOPA 2010 s 407]
    • Section 408 โ€“ Excluded relevant intangibles debits and excluded relevant intangibles credits [TIOPA 2010 s 408]
    • Section 409 โ€“ Double taxation relief [TIOPA 2010 s 409]
  • โ–ธ Chapter 7 โ€“ Group-interest and group-EBITDA (ss 410-431)
    • Group-interest (ss 410-415)
    • Group-EBITDA (ss 416-419)
    • Treatment of derivative contracts in financial statements of worldwide group (ss 420-421)
    • Effect of group-EBITDA (chargeable gains) election (s 422)
    • Effect of interest allowance (alternative calculation) election (ss 423-426)
    • Effect of interest allowance (non-consolidated investment) election (ss 427-429)
    • Effect of interest allowance (consolidated partnerships) election (s 430)
    • Interpretation (s 431)
  • โ–ธ Chapter 8 โ€“ Public infrastructure (ss 432-449)
    • Overview (s 432)
    • Key concepts (ss 433-437)
    • Exemption and related provision (ss 438-443)
    • Supplementary (ss 444-449)
  • โ–ธ Chapter 9 โ€“ Cases involving particular types of company or business (ss 450-460)
    • Banking companies (s 450)
    • Oil and gas (s 451)
    • REITs (s 452)
    • Insurance companies etc. (ss 453-454)
    • Investment managers (s 454A)
    • Shipping companies (s 455)
    • Fair value accounting (ss 456-457)
    • Exemption for tax-interest expense or income amounts (ss 458-459)
    • Leases (s 460)
  • โ–ธ Chapter 10 โ€“ Anti-avoidance (s 461)
    • Section 461 โ€“ Counteracting effect of avoidance arrangements [TIOPA 2010 s 461]
  • โ–ธ Chapter 11 โ€“ Interpretation etc. (ss 462-498)
    • Related parties (ss 462-472)
    • Determining the worldwide group (ss 473-478)
    • Financial statements and periods of account (ss 479-489)
    • Other definitions (ss 490-494)
    • Regulations (ss 495-498)
โ–ธ Part 11 โ€“ General provisions (ss 499-507)
  • โ–ธ Subordinate legislation (s 499)
    • Section 499 โ€“ Orders and regulations [TIOPA 2010 s 499]
  • โ–ธ Interpretation (s 500)
    • Section 500 โ€“ Abbreviated references to Acts [TIOPA 2010 s 500]
  • โ–ธ Final provisions (ss 501-507)
    • Section 501 โ€“ Minor and consequential amendments [TIOPA 2010 s 501]
    • Section 502 โ€“ Transitional provisions and savings [TIOPA 2010 s 502]
    • Section 503 โ€“ Repeals and revocations [TIOPA 2010 s 503]
    • Section 504 โ€“ Index of defined expressions [TIOPA 2010 s 504]
    • Section 505 โ€“ Extent [TIOPA 2010 s 505]
    • Section 506 โ€“ Commencement [TIOPA 2010 s 506]
    • Section 507 โ€“ Short title [TIOPA 2010 s 507]
โ–ธ Schedules
  • Schedule 1 Oil activities: new Chapter 16A of Part 2 of ITTOIA 2005 [TIOPA 2010 Sch 1]
  • โ–ธ Schedule 2 Alternative finance arrangements [TIOPA 2010 Sch 2]
    • Part 1 โ€“ New Part 10A of ITA 2007 (paras 1-26)
    • Part 2 โ€“ New Chapter 4 of Part 4 of TCGA 1992 (paras 27-45)
    • Part 3 โ€“ Other amendments (paras 46-55)
  • โ–ธ Schedule 3 Leasing arrangements: finance leases and loans [TIOPA 2010 Sch 3]
    • Part 1 โ€“ New Part 11A of ITA 2007 (paras 1-5)
    • Part 2 โ€“ New section 37A of TCGA 1992 (paras 6-7)
  • Schedule 4 Sale and lease-back etc.: new Part 12A of ITA 2007 [TIOPA 2010 Sch 4]
  • Schedule 5 Factoring of income etc.: new Chapters 5B and 5C of Part 13 of ITA 2007 [TIOPA 2010 Sch 5]
  • โ–ธ Schedule 6 UK Representatives of non-UK residents [TIOPA 2010 Sch 6]
    • Part 1 โ€“ New Chapters 2B and 2C of Part 14 of ITA 2007 (paras 1-23)
    • Part 2 โ€“ New Part 7A of TCGA 1992 (paras 24-33)
  • โ–ธ Schedule 7 Miscellaneous relocations [TIOPA 2010 Sch 7]
    • Part 1 โ€“ Relocation of section 38 of, and Schedule 15 to, FA 1973 (paras 1-10)
    • Part 2 โ€“ Relocation of section 24 of FA 1974 (paras 11-16)
    • Part 3 โ€“ Relocation of section 42 of ICTA (paras 17-24)
    • Part 4 โ€“ Relocation of section 84A of ICTA (paras 25-29)
    • Part 5 โ€“ Relocation of section 152 of ICTA (paras 30-34)
    • Part 6 โ€“ Relocation of section 337A(2) of ICTA (paras 35-39)
    • Part 7 โ€“ Relocation of section 475 of ICTA (paras 40-43)
    • Part 8 โ€“ Relocation of section 700 of ICTA (paras 44-47)
    • Part 9 โ€“ Relocation of section 787 of ICTA (paras 48-52)
    • Part 10 โ€“ Relocation of sections 130 to 132 of FA 1988 (paras 53-56)
    • Part 11 โ€“ Relocation of section 151 of FA 1989 (paras 57-62)
    • Part 12 โ€“ Relocation of Schedule 12 to F(No.2)A 1992 so far as applying for income tax purposes (paras 63-72)
    • Part 13 โ€“ Relocation of section 200 of FA 1996 so far as applying for income tax purposes (paras 73-77)
    • Part 14 โ€“ Relocation of section 36 of FA 1998 and section 111 of FA 2009 (paras 78-84)
    • Part 15 โ€“ Relocation of section 118 of FA 1998 (paras 85-93)
    • Part 16 โ€“ Relocation of section 144 of FA 2000 (paras 94-101)
    • Part 17 โ€“ Relocation of section 199 of FA 2003 (paras 102-106)
    • Part 18 โ€“ Relocation of section 61 of F(No.2)A 2005 (paras 107-110)
    • Part 19 โ€“ Relocation of paragraph 13 of Schedule 13 to FA 2007 (paras 111-115)
  • โ–ธ Schedule 7A Interest restriction returns [TIOPA 2010 Sch 7A]
    • Part 1 โ€“ The reporting company (paras 1-11)
    • Part 2 โ€“ Contents of interest restriction return (paras 12-37)
    • Part 3 โ€“ Duty to keep and preserve records (paras 38-39)
    • Part 4 โ€“ Enquiry into interest restriction return (paras 40-55)
    • Part 5 โ€“ Determinations by officers of Revenue and Customs (paras 56-59)
    • Part 6 โ€“ Information powers exercisable by members of group (paras 60-61)
    • Part 7 โ€“ Information powers exercisable by officers of Revenue and Customs (paras 62-67)
    • Part 8 โ€“ Company tax returns (paras 68-73)
    • Part 9 โ€“ Supplementary (paras 74-76)
  • โ–ธ Schedule 8 Minor and consequential amendments [TIOPA 2010 Sch 8]
    • Part 1 โ€“ Double taxation relief (paras 1-105)
    • Part 2 โ€“ Transfer pricing and advance pricing agreements (paras 106-150)
    • Part 3 โ€“ Tax arbitrage (paras 151-155)
    • Part 4 โ€“ Tax treatment of financing costs and income (paras 156-160)
    • Part 5 โ€“ Offshore funds (paras 161-174)
    • Part 6 โ€“ Oil activities (paras 175-193)
    • Part 7 โ€“ Alternative finance arrangements (paras 194-229)
    • Part 8 โ€“ Leasing arrangements: finance leases and loans (paras 230-239)
    • Part 9 โ€“ Sale and lease-back etc. (paras 240-263)
    • Part 10 โ€“ Factoring of income etc. (paras 264-275)
    • Part 11 โ€“ UK representatives of non-UK residents (paras 276-286)
    • Part 12 โ€“ Amendments for purposes connected with other tax law rewrite Acts (paras 287-312)
    • Part 13 โ€“ General (para 313-332)
  • โ–ธ Schedule 9 Transitionals and savings etc. [TIOPA 2010 Sch 9]
    • Part 1 โ€“ General provisions (paras 1-9)
    • Part 2 โ€“ Changes in the law (para 10)
    • Part 3 โ€“ Double taxation relief (paras 11-27)
    • Part 4 โ€“ Transfer pricing (para 28)
    • Part 5 โ€“ Advance pricing agreements (para 29)
    • Part 6 โ€“ Tax avoidance (arbitrage) (para 30)
    • Part 7 โ€“ Tax treatment of financing costs and income (paras 31-32)
    • Part 8 โ€“ Offshore funds (paras 33-34)
    • Part 9 โ€“ Oil activities (paras 35-36)
    • Part 10 โ€“ Alternative finance arrangements (paras 37-40)
    • Part 11 โ€“ Sale and lease-back etc. (para 41)
    • Part 12 โ€“ Factoring of income etc. (para 42-44)
    • Part 13 โ€“ Miscellaneous relocations (para 45)
  • โ–ธ Schedule 10 Repeals and revocations [TIOPA 2010 Sch 10]
    • Part 1 โ€“ Double taxation relief
    • Part 2 โ€“ Transfer pricing and advance pricing agreements
    • Part 3 โ€“ Tax arbitrage
    • Part 4 โ€“ Tax treatment of financing costs and income
    • Part 5 โ€“ Offshore funds
    • Part 6 โ€“ Oil activities
    • Part 7 โ€“ Alternative finance arrangements
    • Part 8 โ€“ Leasing arrangements: finance leases and loans
    • Part 9 โ€“ Sale and lease-back etc.
    • Part 10 โ€“ Factoring of income etc.
    • Part 11 โ€“ UK representatives of non-UK residents
  • โ–ธ Schedule 11 Index of defined expressions used in Parts 2 to 8 [TIOPA 2010 Sch 11]
    • Part 1 โ€“ Double taxation relief: index of defined expressions used in Parts 2 and 3
    • Part 2 โ€“ Transfer pricing: index of defined expressions used in Part 4
    • Part 3 โ€“ Advance pricing agreements: index of defined expressions used in Part 5
    • Part 4 โ€“ Tax arbitrage: index of defined expressions used in Part 6
    • Part 4A โ€“ Hybrid and other mismatches: index of defined expressions used in Part 6A [TIOPA 2010 Sch 10 p4A]
    • Part 5 โ€“ Tax treatment of financing costs and income: index of defined expressions used in Part 7
    • Part 6 โ€“ Offshore funds: index of defined expressions used in Part 8
    • Part 7 โ€“ Corporate interest restriction: index of defined expressions used in Part 10
Part 8 โ€“ Offshore funds etc. / Supplementary

Supplementary (ss 360-363A)

Contents

  • Section 360 โ€“ Treatment of umbrella arrangements [TIOPA 2010 s 360] Section commentary
  • Section 361 โ€“ Treatment of arrangements comprising more than one class of interest [TIOPA 2010 s 361] Section commentary
  • Section 362 โ€“ Meaning of โ€œparticipantโ€ and โ€œparticipationโ€ [TIOPA 2010 s 362] Section commentary
  • Section 363 โ€“ Meaning of โ€œumbrella arrangementsโ€ and โ€œpart of umbrella arrangementsโ€ [TIOPA 2010 s 363] Section commentary
  • Section 363A โ€“ Residence of undertakings for collective investment in transferable securities and alterative investment funds [TIOPA 2010 s 363A] Section commentary

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