Corporation tax
Acclerated payments and group payments
Accounting period
Accounting provision for future guarantee liabilities made by holding company of property-holding subsidiary
Accounting, currency to be used
Accounts, failure to comply with notices to produce
Acquisition of company with accrued losses by company carrying on similar trade
Acquisition of partnership interests
Advance corporation tax
Allowable deduction in computing profits to be charged to corporation tax
Allowable loss
Amendments of Taxation of Chargeable Gains Act 1992
Annual tax on enveloped dwellings (ATED)
Anti-avoidance
Arbitrage
Generally
International movement of capital
Restrictions on transaction
Tax arbitrage
Transactions in securities
Transfer of income streams
Transfer pricing
Appeal against a corporation tax late filing penalty
Appeal against amendments made by closure notices
Appeal against late filing penalties, a tax determination and an interest assessment
Appeal against penalties for a late corporation tax return
Appellant's activity in developing an office property as trading activity or investment
Application for closure notice
Application for permission to appeal late
Application for postponement of tax
Application of anti-loss buying restriction to group relief in Finance Act 1994
Application of FA 2002, Sch. 26, para. 28
Application to make appeal out of time
Application to strike-out under Tribunal Procedure (First-tier Tribunal) Rules 2009
Apportionment of interest of foreign-controlled company, double taxation relief
Arbitrage
Arbitrage rules applied, recalculation of income for corporation tax purposes
Arrangements offering a choice of capital or income return
Assessment
Assessments
Appeal, new evidence
Application for postponement of tax due in Scotland
Basis of receipt of funds
Discovery assessment made before enquiry opened
Error, appeal
Estimated
Failure of fiscal minimisation scheme
Further, agreement
Generally
HMRC issuing notice to file company tax returns
Leave to raise, time-limit
Penalty determination
Attribution of profits
Augmented profits
Authorised investment funds, participants in
Avoidance scheme, legal professional privilege
Avoidance schemes of corporate profits
Avoidance, company purchase scheme
Avoiding tax
Bank levy
Banking companies, surcharge
Basis of and periods for assessment
Building societies
Building societies, charge
Business structure
Capital allowances
Cost of construction of car valeting bay, not an expense on plant
Plant and machinery
Writing-down
Capital allowances and charges
Capital gains
Capital gains tax principles
Exemptions
Operation of enactments
Timing
Car hire
Careless or deliberate conduct
Carried interest
Carried-forward losses
Case stated, amendment of draft case
Change in company ownership
Change in local currency
Changes in trading stock not made in course of trade
Charge
Accounting period
Amounts arising
Assessments
Calculation of amount to which rates applied
Capital gains tax, exclusion of charge
Coming within charge
Commencement of carrying on business
Currency to be used
Deductions generally
Fiduciary or representative capacity
Fiduciary/representative capacity, amounts received in
Fiscal year, for 2016
How tax is charged
Income tax, exclusion of charge
Meaning
Non-UK resident companies
Notification of chargeability
Profits chargeable
Profits, meaning
Rates
Residence
Source of income
Territorial scope
Trade profits
Trade to include office
Trusts, amounts receivable
Trusts, profits accruing under
Winding-up, amounts arising in the course
Chargeable amount, aggregation
Chargeable gains
Charges on income
Amounts paid
Annuities and annual payments, conditions specific to pre-16 March 2005
Charitable donations
Generally
Meaning
Relief for
Claim as revenue deduction
Claim for capital allowances in respect of ships, end sub-lease was to a non-UK resident user
Claims
Capital allowances
Consequential claims
Friendly societies
Generally
Group relief
Insurance companies
Late claims
Making or amending
Overpaid
Time limits
Claims and elections time limits
Capital allowances
Generally
Close companies
Apportionment of income among participators
Investment
Loan to participator
Misappropriation of funds by director
Shareholder agreement
Subscription for shares payable by instalments
Closure notice and amendment
Club's liability as unincorporated association
Coming within charge
Generally
Obligation of company to give notice
Community amateur sports clubs
Companies' appeals in respect of deductibility of contributions made to the EBTs
Company is associated with another company
Company reconstructions
Company share option plans
Company subject to tax without the possibility of an option or of being exempt
Complex group litigation
Costs of first reference to the ECJ
Costs of liability proceedings
Computation of income, income tax principles
Computation of profits
Point of law
Temporary employment subsidy
Controlled foreign companies
Controlled foreign companies charge
Abolition of relief
Counteraction of avoidance arrangements, losses
Creative industry reliefs
Credit for UK or foreign tax on same profits
Credits for tax
Currency to be used
De-grouping charges
Debt
Declaration under Taxation of Chargeable Gains Act 1992, s. 153A ceasing to have effect
Deductions
Deemed charge under Income and Corporation Taxes Act of 1988 (‘ICTA 1988')
Deemed loan transactions under Income and Corporation Taxes Act of 1988 (‘ICTA 1988')
Defences against discovery assessments
Deferred payments to subcontractor
Denied claim for terminal loss relief
Depreciation in stock, adding back of amount deducted
Derivative contracts
Amendments of Part 7 of CTA 2009
Generally
Matters in respect of which amounts are to be brought into account
Determinations
Discovery assessment
Validity
Disguised distribution arrangements
Derivative contracts
Disguised investment management fees
Dispensation regime, abolition of
Disposal of qualifying corporate bonds
Dispositions allowable for
Dividends
Documents
Responsibility for
Service of
Double taxation arrangements, giving effect to
Double taxation relief
Before set-off of advance corporation tax
Charges on income
Dividends
Income and Corporation Taxes Act 1988, s. 18, Sch. D, Case V and Pt. XVIII
Insurance company Case I profit/pension business
Onward dividend to UK parent
Remuneration under contract, unilateral relief
Repayment of loans
Resulting reserve paid by way of dividend to overseas subsidiary
Series of intra-group transactions leading to declaration of dividends by overseas subsidiaries
Share subscription by overseas subsidiary in UK subsidiary
Shares cancelled by reduction in capital
Underlying limited to tax paid on true dividends taken to profit
Due dates for payment
Effect of settlement on scope and possible conclusions of enquiry
Election of designated currency by UK resident investment company
Employee share ownership trusts
Employee shares schemes
Employee trusts (funding of)
Employee trusts (satisfying share awards)
Enquiries
Enquiry closure notices issued denying tax deduction for derecognition debit under CTA 2009
Enquiry notice on anniversary date of day on which return filed
Enterprise management incentives
Equivalent discovery powers
Exemption
Exemptions
Amounts which would otherwise be deductible
Bereavement support payment
Board and lodging provided to carers
Dividends or other distributions
FOTRA securities
Generally
Housing grants
Incentives to use electronic communications
Savings certificates
VAT repayment supplement
Expenditure on research and development
Amount of relief
Consumable items
Expense of liquidation
Expenses of management
Extension of benefits code except in relation to certain minister of religion
Failure to file returns on time
Filing annual return
Filed in wrong computer format
Film tax relief
Foreign dividends and
Foreign field
Foreign income dividends
Franked investment income
Generally
Franked investment income, meaning
Free movement of capital
Freedom of establishment
Friendly societies
From, meaning in Finance Act 1998, Sch. 18, para. 24(2)
Generally
Gift aid
Gifts to the nation
Group relief
Group relief (excessive)
Group relief claims
Group relief: payments received for non-supplies
Groups
Groups, surrender of tax refund
Historical background
HMRC amendment powers
HMRC's purported amendment of taxpayer's self-assessment return
Holdings treated as rights
Imputation system
Income
Annual payments not otherwise charged
Bad debts
Beneficiaries' estate income
Concept of
Contemplative communities
Derivative contracts
Exemption from corporation tax
Financial futures, gains on
Foreign dividend coupons, sale of
Intangible fixed assets
Intellectual property
Loan relationships
Miscellaneous income
Not otherwise charged
Office holders
Pool betting duty
Property income
Religious communities
Trading income
Types of
Unauthorised unit trusts, distributions from
Woodlands, commercial occupation
Incorporation of reference to assessment and amendment powers in Finance Act 1998, Sch. 18
Increasing rates
Ineligible companies
Meaning of
R&D expenditure credits
Instalment payments
Insufficiency of disclosure
Insurance companies
Intangible fixed assets
Generally
Intellectual property
Interaction with other taxes
Interest
Overdue tax
Repayments
Intermediaries
Intra-group debt outstanding
Intra-group repo transaction for tax deduction
Investment business
Investment life insurance contracts
JV loan financing
Key dates
April 2021
August 2021
December 2021
February 2022
January 2022
July 2021
June 2021
March 2021
May 2021
November 2021
October 2021
September 2021
Key man insurance policy proceeds
Know-how, disposal of
Large companies instalment payments
Late appeals
Late filing penalties
Leased cars
Limits on credit for foreign tax
Amount of
Anti-avoidance provisions
Banks, or connected with a bank
Derivative contracts, hedging relationship
Generally
Intangible fixed assets
Loan relationships
Permanent establishment, profits attributable to
Portfolios of transactions/arrangements/assets
Royalty income
Trade income
Loan relationships
Generally
Loan to employees under employee share scheme made by companies
Loans to participators
Loans to participators, charge on
Loss relief
Losses
'transfer of deduction' TAAR
Agreements to forgo tax relief
Bank failures
Change in company ownership
Change of trader without change in ownership
Corporate venture scheme
Dealings in commodity futures
Film production companies
Generally
HMRC toolkit
Leasing plant and machinery
Miscellaneous transactions
Non-resident companies receiving tax-exempt income
Non-trading losses
Property business
Schedule D, Case V losses
Tonnage tax
Trading losses
Write-off of Government investment
Lump sum release payments
Lump sums provided under armed forces early departure scheme
Main object, or one of the main objects, obtain writing down capital allowances
Major change in nature or conduct of trade or business, meaning
Miscellaneous loss relief
Miscellaneous profits and losses
Museum and gallery exhibitions, reliefs
Non-corporate distribution rate, abolition
Non-resident companies
Non-resident companies liability to
Non-resident company, profits from UK branch or agency
Non-resident landlords
Northern Ireland
Notice of coming within charge
Notices to file company tax returns
Notional profits on currency translations
Nuclear Decommissioning Authority, exemption from tax
Offset of CIS repayments against
Oil companies
Supplementary charge on ring fence profits
Oil extraction and related activities
Overdue, interest on
Overpaid
Interest
Recovery
Overpayments by customers, sums transferred to profit and loss account
Overseas life assurance company
Overview of legislation
Parking fines
Patent box
Patent profits election
Patent rights
Computation of profit
Licences connected with patents
Partnerships
Relief for expenses
Spreading rules
Pay and file
Payment by a company of a facility amount under an Employee Participation Scheme
Payment of advertising costs
Full amount not paid
Payment of tax
Due date
Groups of companies
Instalment payments
Method of
Overpaid/underpaid, interest on
Penalties
Payment, due and payable dates
Payments in respect of supplies made in discontinued trades chargeable to tax as post-cessation receipts
Payments made wholly and exclusively for the purpose of trade
Penalties
Alleged negligent return
Chargeability, failure to notify
Documents, failure to produce
Errors in returns
Failure to file company tax returns
Group relief claimed under Finance Act 2007, Sch. 24
Late notification of chargeability
Late submission of return
Records, failure to keep and preserve
Returns, failure to make
Period of account
Postponement pending appeal
Pre-trading expenditure
Preferential claims relating to back duty agreement, validity
Preliminary issue
Leave to appeal out of time
Procedure
Appeal against closure notice
Application for permission for extension of time to appeal to tribunal
Double taxation and imputation, triggered imcompatibility with EU law
Reliance on grounds for amendment not stated in closure notice
Remedies
Taxation treatment of national and foreign dividends
Profit appropriated to share premium account, excluded from scope of FA 1996, s. 84(2)(a)
Profit on loan notes subject to the charge to corporation tax under loan relationship rules
Profits chargeable
Property authorised investment funds
Proposed exemption for EOT-owned company
Provision of free standing power for tax adjustments
Provisional collection
Purchase by company of own shares
Purchase price of partnership interests, income or capital expenditure
Qualifying private placements
Quarterly instalment payments
Rates
Diverted profits rate
Financial years 2005 to 2014
Financial years 2015–2022
Loans to participators
Main rate
Main ring fence profits rate
Marginal relief and effective marginal rates up to 2014
Small ring fence profits rate
Special intellectual property rate
Readily convertible assets
Real estate investment trusts
Generally
Realisation or disposal of rental streams
Reasonable grounds for believing appellant overcharged to tax
Reasonableness of continuing enquiry
Recalculated sum chargeable to corporation tax
Receipt of VAT repayment and associated interest
Receipts of payments in respect of overpaid VAT
Records, preservation of
Recovery by set off after abolition of advance corporation tax
Recovery of incorrect repayment
Recovery of tax
Regional development agencies, transfer schemes
Release of debts
Relief
Acquisition of shares
Conditions for
Convertible securities
Costs of establishing share scheme
Employee trusts
Mobile employees
Other reliefs
Qualification conditions
Restricted securities
Share incentive plans
Share options
Relief for
Additional cash contributions to trust
Bonus payments
Employee share acquisitions
Funding initial share acquisition
Funding trustees' expenses
Funding trustees' interest payments
Proposal for contributions to an EOT
Proposal for costs on employee share acquisitions
Proposal for establishment costs of an EOT
Share incentive plan
Relief for income and chargeable gains
Rent factoring scheme, assignment of future rent for discounted lump sum
Rental guarantee payments
Repayment of VAT plus interest, trading receipts
Repayment supplement
Research and development, additional relief
Restitution interest payments
Restitution Interest Tax Provisions
Generally
Restitution interest, definition
Restriction on relief for company members of LLPs
Restriction on reliefs for company limited partners
Returns
Returns, filing deadlines
SAYE
Self-assessment
Controlled foreign companies
Enquiries
Groups of companies
Payment of tax
Returns
Settle by agreement under Taxes Management Act 1970, s. 54
Share incentive plans
Ships
Small and medium enterprises
Small companies accounting records, failure to produce
Small companies rate-associated companies
Small companies' rate
Small companies' relief, associated company
Carrying on any trade or business
Control rights and powers
Family companies, control
Small profits rate
Sponsorship payments
Deductibility of expenditure
Dual purpose of benefiting sports club and taxpayer trade
Statutory schemes
Subject to Sch. 36 provisions
Tax avoidance scheme
Creating large fair value loan relationship debit in parent company
Debits attributable to unallowable purpose
Loan relationships had unallowable purpose
Payment not for business purposes
Subsidiary incurred interest charges on novated loans
Use of total return swap over shares in subsidiary company
Value of shares depressed by novating liability for large loans to subsidiary
Tax credit
Partial imputation system
Tax credits
Tax law rewrite project
Taxability of VAT repayment and associated simple interest
Falling due under a mistake-based claim for restitution
Falling due under statutory provisions of VATA 1994, s. 78 and 80
Taxes covered
Television tax relief
Activities treated as separate trade
Terminal film loss relief (excessive)
Territorial extension of charge
Third party errors
Time charter of end user granted by a UK resident company, role satisfied the terms of Capital Allowances Act 2001
Time limits for claims, etc.
Time limits for discovery assessment
Time limits for elections and claims
Tonnage tax
Total taxable profits, meaning
Trade of dealing in or developing UK land
Trading losses
Generally
Loss for a later period
Loss for an earlier period
Trading stock
Transactions in securities
Transfer of an interest in a partnership to a capital company
Agreement on the prevention of double taxation
Preservation of balanced allocation of the power to impose taxes between Member States
Restriction on free movement of capital
Taxation of unrealised capital gains
Value of business asset as part of a going concern
Transfer of contingent, unrecognised, claim against third party to subsidiary in exchange for shares
Transfer of intangible assets not arm's length
Transfer of losses of non-resident company
Trinidad, initial allowances for oil well workers
UK resident companies
Unpaid/overdue, interest on
Unremittable income
Validity of amendment to return made under Finance Act 1998, Sch. 18, para. 34(2A)
Validity of discovery assessment (appeal)
Valuation of trading stock on cessation
Where companies made an advance to employees under scheme
Where debt has any value before occurrence of contingent event
Where employees incurred a debt under scheme
Wholly and exclusively incurred for trading purposes
Winding-up