[This treatment was superseded by CTA 2010, s. 27 to 30 for accounting periods ending on or after 1 April 2010.]

1. Section 13, ICTA 1988 (small companies’ relief) and section 13AA, ICTA 1988 (corporation tax starting rate) contains rules which apply when one company is associated with one or more other companies. Broadly speaking, one company is associated with another if one of the two has control of the other, or both are under the control of the same person or persons. The rules about control are contained in sections 416 and 417, ICTA 1988. The provisions of this concession relate to the application of those rules only for the purpose of sections 13 and 13AA.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.