Groups of companies | Croner-i Tax and Accounting

51 per cent subsidiary

Commentary – Quick Overview ¶36205

75 per cent subsidiary

Commentary – Quick Overview ¶36205

75 per cent subsidiary, meaning

Legislation/Regulatory – TCGA92 s. 170

Accounting practices

Commentary – Tax Reporter ¶707-125

Legislation/Regulatory – CTA2010 s. 996, Sch. 2, para. 101

Acquisition of a holding in a subsidiary

Case Law – Finanzamt Linz v Bundesfinanzgericht, Außenstelle Linz & Ors (Case C-66/14) [2015] BTC 31

Acquisitions of business by a group, self-supply

Commentary – Quick Overview ¶67140

Advance corporation tax set-off

– see Advance corporation tax (ACT)

Annual investment allowance restrictions

Commentary – Practical Capital Allowances ¶185-600

Anti-avoidance

– see Avoidance of VAT

Anti-avoidance provisions

Assessment in consequence of direction

Legislation/Regulatory – VATA94 Sch. 9A, para. 6

Form of directions

Legislation/Regulatory – VATA94 Sch. 9A, para. 3

Manner of giving directions

Legislation/Regulatory – VATA94 Sch. 9A, para. 5

Power to give directions

Legislation/Regulatory – VATA94 Sch. 9A, para. 1

Restrictions on giving directions

Legislation/Regulatory – VATA94 Sch. 9A, para. 2

Time limit on directions

Legislation/Regulatory – VATA94 Sch. 9A, para. 4

Application for group treatment

Legislation/Regulatory – FA2001 Sch. 9, para. 2, 5, 7 ; SI 2001/4027 reg. 8, 9

Arrangements

Legislation/Regulatory – SP 3/93

Arrangements, payment of corporation tax

Commentary – Quick Overview ¶36320

Assets held on 31 March 1982

Legislation/Regulatory – TCGA92 Sch. 3, para. 8

Assets held on 6 April 1965, election by principal company

Legislation/Regulatory – TCGA92 Sch. 2, para. 5

Avoidance scheme

Case Law – Customs and Excise Commissioners v. Thorn Materials Supply Ltd & Anor. [1997] BVC 55 ; Customs and Excise Commissioners v. Thorn Materials Supply Ltd. [1998] BVC 270 ; Thorn Materials Supply Ltd & Thorn Resources Ltd. [1996] BVC 2,095

Basis of taxation

Commentary – Quick Overview ¶36200

Beneficial ownership, meaning

Generally

Commentary – Tax Reporter ¶735-200

Case Law – (1) Commissioners of Inland Revenue v. Olive Mill, Ltd. (in liquidation) (2) Commissioners of Inland Revenue v. Olive Mill Spinners, Ltd. (in liquidation) ; BRADBURY (H.M. INSPECTOR OF TAXES) v. THE ENGLISH SEWING COTTON COMPANY, LIMITED. ; J.H. & S. (Timber) Ltd. v. Quirk (H.M. Inspector of Taxes) ; Parway Estates Ltd. v. Commissioners of Inland Revenue ; Wood Preservation Ltd. v. Prior (H.M. Inspector of Taxes)

Liquidation

Commentary – Tax Reporter ¶735-200

Sale of shares

Commentary – Tax Reporter ¶735-200

Business property relief

Commentary – Tax Reporter ¶664-950

HMRC Guidance – IHTM25265 ; IHTM25266 ; IHTM25273 ; IHTM25277

Case Law – COMMISSIONERS OF INLAND REVENUE v. DESOUTTER BROS., LTD. ; COMMISSIONERS OF INLAND REVENUE v. TOOTAL BROADHURST LEE CO., LTD. ; Executors of Brown dec'd v IR Commrs ; Farmer & Anor (Executors of Frederick Farmer dec'd) v IR Commrs ; Phillips & Ors v. R & C Commrs ; THE COMMISSIONERS OF INLAND REVENUE v. THE GAS LIGHTING IMPROVEMENT CO., LTD.

Buying losses and gains, restrictions

Gains

Legislation/Regulatory – FA2006 s. 70(6)-(13) ; FA2007 s. 32(7)-(9) ; TCGA92 s. 184B

Losses

Legislation/Regulatory – FA2006 s. 70(6)-(13) ; FA2007 s. 32(7)-(9) ; TCGA92 s. 184A

Pre-change assets

Legislation/Regulatory – FA2007 s. 32(7)-(9) ; TCGA92 s. 184E, 184F

Qualifying change of ownership

Legislation/Regulatory – FA2006 s. 70(6)-(13) ; FA2007 s. 32(7)-(9) ; TCGA92 s. 184C

Tax advantage, meaning

Legislation/Regulatory – FA2007 s. 32(7)-(9) ; TCGA92 s. 184D

Capital goods scheme

– see Capital goods scheme

Chargeable gains

Allowable loss in respect of disposal or share exchange

Case Law – Westcott (H.M. Inspector of Taxes) v. Woolcombers Ltd. [1987] BTC 493 ; Westcott (H.M.I.T.) v. Woolcombers Ltd. [1986] BTC 130

Assets held at March 1982 or April 1965

Commentary – Tax Reporter ¶741-040

Company, meaning

Commentary – Tax Reporter ¶740-600

De-grouping

Case Law – Dunlop International AG v. Pardoe (HM Inspector of Taxes). [1998] BTC 117 ; Dunlop International AG v Pardoe (HM Inspector of Taxes). [1999] BTC 392

Debts transferred between

Commentary – Tax Reporter ¶510-900

Case Law – Marren (H.M. Inspector of Taxes) v. Ingles Marren (H.M. Inspector of Taxes) v. Linnell Gordon (H.M. Inspector of Taxes) v. Winton

Degrouping

Commentary – Tax Reporter ¶741-200–Tax Reporter ¶741-420

HMRC Guidance – CG45421

Degrouping charges

Commentary – Quick Overview ¶36230

Demergers

Commentary – Tax Reporter ¶741-240

Enterprise investment scheme deferral of capital gains

Commentary – Tax Reporter ¶565-850

European company (SE)

Commentary – Tax Reporter ¶772-120

Failure to pay tax on, recovery within group

Commentary – Quick Overview ¶36245

Generally

Commentary – Tax Reporter ¶740-500

Global groups

Commentary – Tax Reporter ¶740-600

Group remaining same group

Commentary – Tax Reporter ¶740-660

Identification of groups

Commentary – Tax Reporter ¶740-620

Indexation allowance

Commentary – Tax Reporter ¶740-820 ; Tax Reporter ¶741-020

Indexation, intra-group transfers

Commentary – Tax Reporter ¶740-820

Intra-group transfers

Commentary – Tax Reporter ¶740-800 ; Tax Reporter ¶740-820

HMRC Guidance – CG45320

Investment trusts, intra-group transfers

Commentary – Tax Reporter ¶741-400

Liquidations etc.

Commentary – Tax Reporter ¶741-240

Loans

– see Loans

Meaning of group

Commentary – Quick Overview ¶36210 ; Tax Reporter ¶740-600 ; Tax Reporter ¶742-020

Member leaving group

Commentary – Quick Overview ¶36230

Membership of more than one group, tie-breaker rules

Commentary – Tax Reporter ¶740-640

Mergers

Commentary – Tax Reporter ¶741-360

Mergers, consequences of

Commentary – Quick Overview ¶36310

No gain/no loss provisions, intra-group transfers

Commentary – Tax Reporter ¶740-800

HMRC Guidance – CG45320

No gain/no loss transfer, disposal of asset after

Commentary – Tax Reporter ¶741-000–Tax Reporter ¶741-040

Non-resident groups

Commentary – Tax Reporter ¶740-600

Non-UK residents

Commentary – Quick Overview ¶36225

Notional transfers within a group, pre-21 July 2009

Commentary – Tax Reporter ¶740-920

Pre-entry gains and losses

– see Pre-entry gains and losses

Re-basing

Commentary – Tax Reporter ¶740-820 ; Tax Reporter ¶741-040 ; Tax Reporter ¶742-500–Tax Reporter ¶742-530

HMRC Guidance – CG46374

Reallocation of gain or loss accruing

Commentary – Tax Reporter ¶741-300

Recovery of tax

Commentary – Tax Reporter ¶188-520 ; Tax Reporter ¶742-740

Recovery of tax within group

Commentary – Quick Overview ¶36245

Replacement of business assets

– see also Roll-over relief

Commentary – Quick Overview ¶36240

Roll-over relief

– see Roll-over relief

Share exchange treated as disposal

Case Law – NAP Holdings UK Ltd v. Whittles (HM Inspector of Taxes). [1992] BTC 37 ; NAP Holdings UK Ltd v. Whittles (HM Inspector of Taxes). [1993] BTC 355 ; NAP Holdings UK Ltd v. Whittles (HM Inspector of Taxes). [1994] BTC 450

Substantial shareholdings, transfer of trading assets within group

Commentary – Tax Reporter ¶759-950

Surrender of tax refund within group

Commentary – Quick Overview ¶36315

Trading stock treatment

Commentary – Tax Reporter ¶740-840

Case Law – Property Dealing Co v HM Inspector of Taxes

Trading stock, acquisition or disposal within group

Commentary – Quick Overview ¶36235

Transfer of assets between members

Commentary – Quick Overview ¶36215

Transfer of gains and losses within group

Commentary – Quick Overview ¶36220

Value of guarantees

Case Law – Fielder (HMIT) v. Vedlynn Ltd. [1992] BTC 347

Value shifting

– see Value shifting

Close companies, transfers

Legislation/Regulatory – SP E15

Company share option plans

Commentary – Tax Reporter ¶467-250

Construction industry scheme

Commentary – Tax Reporter ¶283-400

Continuous supplies of goods or services, tax point

Legislation/Regulatory – SI 1995/2518 reg. 94B

Corporation tax payments

Commentary – Quick Overview ¶36320

De-grouping charges

Associated companies

Legislation/Regulatory – CTA2009 s. 783 ; FA2000 Sch. 29, para. 4(6), (7) ; HMRCBrf 59/08 ; TCGA92 s. 179(2), (3), (12)

HMRC Guidance – CG41522 ; CG45100 ; CG45405 ; CG45410 ; CG45420 ; CG45430 ; CG45435 ; CG45445 ; CG45971 ; CG48510 ; CG53065 ; CG53235 ; CIRD40530 ; CIRD40540 ; CIRD40545

Chargeable asset

Legislation/Regulatory – TCGA92 s. 179(10A)

Claim for a reduction

Legislation/Regulatory – TCGA92 s. 179ZA

Conditions no longer met

Legislation/Regulatory – TCGA92 s. 179(7)-(10)

HMRC Guidance – CG45405 ; CG45410 ; CG45435 ; CG47420

Deemed sale etc.

Legislation/Regulatory – F(No. 2)A92 s. 25

Deferral until company leaves new group

Legislation/Regulatory – FA2000 Sch. 29, para. 47

Disposal of shares

Legislation/Regulatory – TCGA92 s. 179(3A)-(3H)

European Company (SE) formation by merger

Legislation/Regulatory – TCGA92 s. 179(1B), (1C)

Generally

Legislation/Regulatory – FA2000 Sch. 29, para. 47 ; TCGA92 s. 179

Intangible fixed assets

Legislation/Regulatory – CTA2009 s. 783(1)-(2), 788(3)

Mergers

Legislation/Regulatory – TCGA92 s. 181

HMRC Guidance – CG45460 ; CG45462 ; CG45464

Post-appointed day cases

Legislation/Regulatory – FA2000 Sch. 29, para. 4(1), (6), (7) ; FA95 s. 49(3) ; IRInt. 63 ; TCGA92 s. 179

Pre-appointed day cases

Legislation/Regulatory – IRInt. 63

Reallocation within group of gain or loss

Legislation/Regulatory – FA2002 s. 42(4) ; TCGA92 s. 179

Roll-over relief

Legislation/Regulatory – FA2002 s. 43(4)

Substantial shareholdings exemption

Legislation/Regulatory – TCGA92 Sch. 7AC, para. 15A, 19, 38

Time-limit for valuation

Legislation/Regulatory – SP D21

Two companies leaving the group together

Legislation/Regulatory – TCGA92 s. 179(2B)

Debt capping rules

– see Financing costs and income

Debts

Assignment between members

Legislation/Regulatory – TCGA92 s. 251

Between associated companies, interest payable

– see Interest

Deemed contractors

Commentary – Royse on Construction Industry Scheme 4.3.6

Default surcharge

Commentary – Indirect Tax Reporter ¶60-475

Definition

Commentary – Quick Overview ¶36205

Degrouping

51 per cent subsidiary, ceasing to be

Commentary – Tax Reporter ¶741-260

Associated companies

Commentary – Tax Reporter ¶741-240

Claim to reduce charge

Commentary – Tax Reporter ¶741-320

Demergers

Commentary – Tax Reporter ¶741-240

Dissolution

Commentary – Tax Reporter ¶741-240

Events resulting in

Commentary – Tax Reporter ¶741-240

FA2011 mechanism

Commentary – Tax Reporter ¶741-220

HMRC Guidance – CG45420

Generally

Commentary – Quick Overview ¶36230 ; Tax Reporter ¶741-200

HMRC Guidance – CG45421

Intangible fixed assets

Commentary – Quick Overview ¶36305 ; Tax Reporter ¶724-200 ; Tax Reporter ¶724-650–Tax Reporter ¶724-750

HMRC Guidance – CIRD40600

Loan relationships

Commentary – Tax Reporter ¶717-344

Mergers

Commentary – Tax Reporter ¶741-360

Nature of charge

Commentary – Tax Reporter ¶741-220

HMRC Guidance – CG45420

Ownership of asset/replacements

Commentary – Tax Reporter ¶741-280

Post-19 July 2011

Commentary – Tax Reporter ¶741-220

HMRC Guidance – CG45420

Reallocation of gain or loss accruing

Commentary – Tax Reporter ¶741-300

Roll-over relief pre-19 July 2011

Commentary – Tax Reporter ¶741-340

Sub-group exemption

Commentary – Tax Reporter ¶741-240

Substantial shareholdings

Commentary – Tax Reporter ¶760-170

Value shifting

Commentary – Tax Reporter ¶741-380

Demergers

– see also Demergers

Generally

Legislation/Regulatory – SP 13/80 ; TCGA92 s. 192

Depreciatory transactions

Legislation/Regulatory – TCGA92 s. 176, 177

Derivative contracts

– see also Derivative contracts

Generally

Commentary – Tax Reporter ¶720-000

Different accounting practices

Legislation/Regulatory – CTA2010 s. 996, Sch. 2, para. 101

Disposals or acquisitions outside group

Legislation/Regulatory – FA2000 Sch. 29, para. 13(4), (5) ; TCGA92 s. 174(4)

HMRC Guidance – CG41010 ; CG45405 ; CG46363 ; CG51642 ; CG57400 ; CG65934

Distributions

– see Distributions

Distributions, members of a 90 per cent group

Legislation/Regulatory – CTA2010 s. 1072

Dividend stripping

Legislation/Regulatory – TCGA92 s. 177

Double taxation relief, surrender of unrelieved foreign tax

Legislation/Regulatory – SI 2001/1163

Dual resident investing companies

– see Dual resident companies

EC parent/subsidiary directive

Commentary – Tax Reporter ¶103-850

Case Law – Oce Van Der Grinten NV v IR Commrs

Eligibility for group treatment

Legislation/Regulatory – FA2001 Sch. 9, para. 1

Employee share ownership plans

– see Share incentive plans (SIPs)

Employee share schemes

– see Employee share schemes

Enterprise investment scheme relief

– see Enterprise investment scheme relief

European Company (SE), becoming

Legislation/Regulatory – TCGA92 s. 170(10A)

Exit charge

Associated companies

Case Law – Johnston Publishing (North) Ltd v Revenue and Customs Commissioners. [2008] BTC 443

Principal company becoming non-resident

Case Law – Lion Ltd v HM Inspector of Taxes (1997) Sp C 115

Finance leases

– see Finance leases

Financing costs and income

– see Financing costs and income

Franked investment income group litigation order, interim repayment payment order

Case Law – GKN Holdings plc & Ors v Revenue and Customs Commissioners. [2013] BTC 113 ; Revenue and Customs Commissioners v GKN Group. [2012] BTC 35 ; Test Claimants in the FII Group Litigation v Revenue and Customs Commissioners. [2009] BTC 443 ; Test Claimants in the Franked Investment Income Group Litigation v Inland Revenue Commissioners. [2010] BTC 265 ; Test Claimants in the Franked Investment Income Group Litigation v Inland Revenue Commissioners. [2012] BTC 312 ; [2012] BTC 826

General provisions

Legislation/Regulatory – FA2000 Sch. 29, para. 46 ; TCGA92 s. 170

Generally

Commentary – Tax Reporter ¶735-000

Legislation/Regulatory – FA2000 Sch. 6, para. 116 ; FA94 s. 63 ; FA96 s. 59 ; SI 2001/7 reg. 5-11

Going concern purchases

Commentary – Indirect Tax Reporter ¶54-155(5)

Group income

– see Group income

Group income election

Advance corporation tax, restitutionary claim where payment made under mistake of law

Case Law – Deutsche Morgan Grenfell Group plc v Inland Revenue Commissioners & Anor. [2003] BTC 497 ; Inland Revenue Commissioners & Anor v Deutsche Morgan Grenfell Group plc. [2005] BTC 126

Restriction, EU law

Case Law – Metallgesellschaft Ltd & Ors (Case C-397/98); Hoechst AG & Hoechst UK Ltd (Case C-410/98) v Commissioners of Inland Revenue & Attorney-General. [2001] BTC 99

Group litigation order, interim repayment payment order

Group mismatch schemes

– see Derivative contracts; Loan relationships

Group relief

– see also Group relief

Amounts available for

Commentary – Quick Overview ¶36265

Application of

Commentary – Quick Overview ¶36255

Arrangements to transfer relief, loss of

Commentary – Quick Overview ¶36280

Charitable donations

Commentary – Quick Overview ¶36265

Connected persons

Commentary – Quick Overview ¶36280

Consortium relief

Commentary – Quick Overview ¶36260

Corporation tax self-assessment

Commentary – Quick Overview ¶36275

Dual resident companies

Commentary – Quick Overview ¶36290

Equity holder

Commentary – Quick Overview ¶36255

Example

Commentary – Quick Overview ¶36300

Foreign and non-commercial trades

Commentary – Quick Overview ¶36285

Generally

Legislation/Regulatory – FA2003 s. 126(9)-(11), Sch. 7, para. 1-6 ; FA2008 s. 96 ; PR 9/2/06 ; TB04/04-3

Holding company

Commentary – Quick Overview ¶36255

Loan creditor

Commentary – Quick Overview ¶36255

Loss of where arrangements in existence

Commentary – Quick Overview ¶36280

Management expenses

Commentary – Quick Overview ¶36265

Member of a consortium

Commentary – Quick Overview ¶36255

Member of group and a consortium

Commentary – Quick Overview ¶36260

Mutual societies, transfers of business

Legislation/Regulatory – SI 2009/2971 reg. 33

Nature of

Commentary – Quick Overview ¶36250

Non-resident companies

Commentary – Quick Overview ¶36250

Normal commercial loan

Commentary – Quick Overview ¶36255

Ownership proportion

Commentary – Quick Overview ¶36255

Partnerships

Legislation/Regulatory – FA2003 Sch. 15, para. 27 ; Misc. 321

Property business losses

Commentary – Quick Overview ¶36265

Quoted unconnected company

Commentary – Quick Overview ¶36255

Restricted preference shares

Commentary – Quick Overview ¶36255

Set-off

Commentary – Quick Overview ¶36270

Stamp duty land tax

Commentary – Quick Overview ¶63500

Time-limits for claims

Commentary – Quick Overview ¶36275

Value added tax

Commentary – Quick Overview ¶67170

Withdrawal

Legislation/Regulatory – FA2002 s. 111, Sch. 34 ; FA2003 Sch. 7, para. 3, 4A

Group relief claims

Commentary – Key Data ¶2-260

Group treatment

– see Group registration

Group, meaning

Commentary – Tax Reporter ¶735-100

Incorporated friendly societies

Legislation/Regulatory – TCGA92 s. 170, 171

Information and inspection powers

Legislation/Regulatory – FA2008 Sch. 36, para. 35

Insurance companies

Meaning of group

Legislation/Regulatory – FA2012 s. 135

HMRC Guidance – INTM261040

Non-statutory arrangements

Legislation/Regulatory – FA99 s. 81

Transfers of business

Legislation/Regulatory – FA2012 s. 118

HMRC Guidance – CG45320 ; CG45900 ; LAM03220 ; LAM03700 ; LAM03730 ; LAM13040

Insurance premium tax

Commentary – Quick Overview ¶76100

Intangible fixed assets

– see also Intangible fixed assets

Degrouping charge

Commentary – Tax Reporter ¶724-650 ; Tax Reporter ¶724-700

HMRC Guidance – CIRD40600

Generally

Commentary – Quick Overview ¶36305

Liquidation

Commentary – Tax Reporter ¶724-550

Meanings

Commentary – Tax Reporter ¶724-500

Mergers

Commentary – Tax Reporter ¶724-700

Related parties test

Commentary – Tax Reporter ¶725-200

Roll-over relief

Commentary – Tax Reporter ¶724-200 ; Tax Reporter ¶724-750

Transfers within a group

Commentary – Tax Reporter ¶724-600

Integral features, intra-group transfers

Commentary – Practical Capital Allowances ¶247-300

Inter-group transfers

Generally

Legislation/Regulatory – TCGA92 s. 19(5), (6)

HMRC Guidance – CG14700 ; CG14702

Non-resident trusts

Legislation/Regulatory – SP 5/92

Original market value and aggregate market value

Legislation/Regulatory – TCGA92 s. 20(6), (7)

HMRC Guidance – CG14680 ; CG14700 ; CG14701

Intra-group income

Trustee savings banks

Commentary – Tax Reporter ¶805-000

Intra-group interest

Legislation/Regulatory – IRInt. 179

Intra-group share exchange

Case Law – Westcott (H.M. Inspector of Taxes) v. Woolcombers Ltd. [1987] BTC 493 ; Westcott (H.M.I.T.) v. Woolcombers Ltd. [1986] BTC 130

Investment trusts, transfer of assets within a group

Legislation/Regulatory – TCGA92 s. 101A

Issued share capital, meaning

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Joint venture companies

Substantial shareholdings exemption

Legislation/Regulatory – HMRCBrf 29/11 ; TCGA92 Sch. 7AC, para. 23, 24

Transfer of shares or securities/suspension of member's voting rights

Legislation/Regulatory – CTA2010 s. 155A, 174A

Liability for group treatment

Legislation/Regulatory – FA2001 s. 35(3)

Liability for returns

Legislation/Regulatory – SI 2001/4027 reg. 7

Limitation on holdings in resident companies

Case Law – Finanzamt Linz v Bundesfinanzgericht, Außenstelle Linz & Ors (Case C-66/14) [2015] BTC 31

Loan agreement on terms that shares are paid to a different group company

Case Law – Spritebeam Ltd & Ors v Revenue and Customs Commissioners & Anor [2015] BTC 507

Loan relationships

– see also Loan relationships

Degrouping

Commentary – Tax Reporter ¶717-344

Financing costs and income

– see Financing costs and income

Intra-group transactions

Commentary – Tax Reporter ¶717-340

HMRC Guidance – CFM34030

Mismatch rules

Commentary – Tax Reporter ¶717-348

HMRC Guidance – CFM77710

Loan relationships, novation of liabilities

Case Law – Greene King No. 1 Ltd v Aide (HMIT) (2005) Sp C 465

Losses

Depreciatory transactions

Legislation/Regulatory – TCGA92 s. 176

Dividend stripping

Legislation/Regulatory – TCGA92 s. 177

Land with development value

Legislation/Regulatory – TCGA92 Sch. 2, para. 9(4)

Loans to traders

Legislation/Regulatory – TCGA92 s. 253

Mineral leases

Legislation/Regulatory – TCGA92 s. 202, 203

Non-resident companies

Legislation/Regulatory – TCGA92 s. 13(8)

Oil field interests

Legislation/Regulatory – TCGA92 s. 197

HMRC Guidance – CFM97920 ; CG17

Pre-entry losses

Legislation/Regulatory – FA2000 Sch. 29, para. 7(1), (6)-(9) ; TCGA92 s. 177A, Sch. 7A

Schedule D, Case VII

Legislation/Regulatory – TCGA92 Sch. 11, para. 12

Share loss relief

– see Share loss relief

Transfers

Legislation/Regulatory – FA2012 s. 181(4), (5) ; TCGA92 s. 171A, 171B, 171C

Value shifting

Legislation/Regulatory – TCGA92 s. 29(3), 30(5), (6)

HMRC Guidance – CG13280 ; CG58850 ; CG58860

Management charges

Commentary – Indirect Tax Reporter ¶18-530

Management services

Continuous supply, re-attribution of input tax

Case Law – Svenska International plc v. Customs and Excise Commissioners. [1996] BVC 286 ; Svenska International plc v Customs and Excise Commissioners. [1997] BVC 428 ; Svenska International plc v Customs and Excise Commissioners. [1999] BVC 221 ; Svenska International plc. [1996] BVC 2,321

Identification of recipient

Case Law – Canary Wharf Ltd. [1997] BVC 2,058

Member states freedom of establishment

Commentary – Tax Reporter ¶103-940

Modification of group treatment

Legislation/Regulatory – FA2001 Sch. 9. para. 3

Mortgage of shares or securities

Legislation/Regulatory – CTA2010 s. 155B, 174B

Non-resident companies

Attribution of gains to shareholders

Legislation/Regulatory – IRInt. 43

Generally

Legislation/Regulatory – TCGA92 s. 14

HMRC Guidance – CG11880 ; CG57400 ; CG57402 ; CG57403 ; CG57404

Non-residents

Commentary – Tax Reporter ¶592-925

HMRC Guidance – CG57404

Notifications

Legislation/Regulatory – FA2001 Sch. 9, para. 6, 7 ; SI 2001/4027 reg. 9

HMRC Guidance – CH51250

Novation of swaps between, avoidance of tax

Case Law – HBOS Treasury Services plc (now HBOS Treasury Services Ltd) [2009] TC 00208

Option arrangements

Legislation/Regulatory – SP 3/93

Ordinary share capital, meaning

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Overlapping period

Commentary – Quick Overview ¶36295

Ownership of ordinary share capital

Commentary – Quick Overview ¶36205

Partial exemption

– see Partial exemption

Patents, profits from exploitation

– see Patents

Payment of tax arrangements

Commentary – Tax Reporter ¶183-420

Payments for group relief, consideration

Commentary – Indirect Tax Reporter ¶11-016

Payments of tax, arrangements on behalf of group members

Legislation/Regulatory – TMA70 s. 59F

Pre-entry gains and losses

– see Pre-entry gains and losses

Pre-entry losses

Application

Legislation/Regulatory – TCGA92 Sch. 7A, para. 1

Appropriations to stock in trade

Legislation/Regulatory – TCGA92 Sch. 7A, para. 10

Change of company's nature

Legislation/Regulatory – TCGA92 Sch. 7A, para. 8

Companies changing groups on certain transfers of shares etc.

Legislation/Regulatory – TCGA92 Sch. 7A, para. 12

Continuity provisions

Legislation/Regulatory – TCGA92 Sch. 7A, para. 11

Contract for sale of losses

Case Law – Bromarin AB & Anor v. IMD Investments Ltd [1998] BTC 3 ; Bromarin AB & Anor v. IMD Investments Ltd. [1999] BTC 74

Gains from which deductible

Legislation/Regulatory – TCGA92 Sch. 7A, para. 7

General provisions

Legislation/Regulatory – FA93 s. 88(2)-(4) ; TCGA92 s. 177A, Sch. 7A

Generally

Legislation/Regulatory – TCGA92 s. 177A, Sch. 7A

Relevant event

Legislation/Regulatory – FA2000 Sch. 29, para. 7(1), (6)-(9) ; TCGA92 Sch. 7A, para. (3A)

Restrictions on deduction

Legislation/Regulatory – TCGA92 Sch. 7A, para. 6

Set-off against chargeable gains

Case Law – Five Oaks Properties Ltd & Ors v. R & C Commrs (2006) Sp C 563 ; Limitgood Ltd v. R & C Commrs (2007) Sp C 612 ; Prizedome Ltd & Anor v Revenue and Customs Commissioners. [2008] BTC 87 ; Prizedome Ltd & Anor v Revenue and Customs Commissioners. [2009] BTC 114

Transitional provisions

Legislation/Regulatory – FA2011 Sch. 11, para. 12

HMRC Guidance – CG47400

Principal company of the group, meaning

Legislation/Regulatory – TCGA92 s. 170

Profits, meaning

Legislation/Regulatory – TCGA92 s. 170

Property rental business

– see Real estate investment trusts (REITs)

Quoted securities

Legislation/Regulatory – TCGA92 Sch. 2, para. 5

Real estate investment trusts

– see Real estate investment trusts (REITs)

Recovery of tax

Commentary – Tax Reporter ¶188-220

Recovery of tax from another group or controlling director

Legislation/Regulatory – FA2000 Sch. 29, para. 9(3), (4) ; TCGA92 s. 190

HMRC Guidance – CG18620 ; CG42160 ; CG45970 ; CG45971 ; CG45973 ; COM23013 ; CTM34131 ; CTM34133 ; CTM34137 ; DMBM570270 ; DMBM580020

Registration

– see Group registration

Reinvestment relief

– see Re-investment relief

Relief

– see Group relief

Reliefs available

Group relief

– see Group relief

Replacement of business assets

– see also Roll-over relief

Generally

Legislation/Regulatory – FA2000 Sch. 29, para. 10(7), (8) ; FA95 s. 48(3)-(6) ; SP 8/81 ; SP D19 ; TCGA92 s. 175

HMRC Guidance – CG41010 ; CG45357 ; CG45405 ; CG45930 ; CG45932 ; CG45943 ; CG45945 ; CG45948 ; CG45953 ; CG46363 ; CG51642 ; CG57400 ; CG57402 ; CG60260 ; CG65934 ; CIRD20410 ; CTM34505 ; CTM34620 ; INTM120210

Oil fields

Legislation/Regulatory – TCGA92 s. 198

HMRC Guidance – CG60280

Replacement of business assets, qualifying conditions

Case Law – Campbell Connelly & Co Ltd v. Barnett (HM Inspector of Taxes). [1992] BTC 164 ; Campbell Connelly & Co Ltd v. Barnett (HM Inspector of Taxes). [1994] BTC 12

Representative member

Legislation/Regulatory – FA2001 s. 35

Residence

Legislation/Regulatory – SP 1/90

Restructuring and rationalisation, transfer of losses for valid commercial reasons

Case Law – Foggia – Sociedade Gestora de Participações Sociais SA v Secretário de Estado dos Assuntos Fiscais (Case C-126/10). [2013] BTC 339

Reverse charge: value of group supplies using overseas member

Commentary – Indirect Tax Reporter ¶65-620

HMRC Guidance – Notice 725

Ring fence trade

Reinvestment relief, acquisition by member of same group

Legislation/Regulatory – TCGA92 s. 198H

Transfers within groups of companies

Legislation/Regulatory – FA2012 s. 181(4), (5) ; TCGA92 s. 171A(4A), (4B)

Road fuel provided by group member to individual

Commentary – Indirect Tax Reporter ¶18-320

Self-supply

Construction services

Legislation/Regulatory – SI 1989/472

Motor cars

– see Self-supplies

Share loss relief

– see Share loss relief

Shares and securities

Beneficial ownership, meaning

Commentary – Tax Reporter ¶735-200

Delaware limited liability companies

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Elections to include 1965 quoted shares with 1982 holding

Commentary – Tax Reporter ¶557-550

Issued share capital, meaning

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Non-UK entities

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Ordinary share capital, meaning

Commentary – Tax Reporter ¶735-300

Case Law – South Shore Mutual Insurance Co Ltd v HM Inspector of Taxes

Share ownership, determination of extent

Commentary – Tax Reporter ¶735-250

Staff

Inter-group staff charges

Commentary – Indirect Tax Reporter ¶18-520

Joint employment contracts

Commentary – Indirect Tax Reporter ¶18-520

Stamp duty land tax

Commentary – Quick Overview ¶63500

Subsidiaries

Commentary – Tax Reporter ¶735-150

Subsidiary, meaning

Legislation/Regulatory – TCGA92 s. 170

Substantial shareholdings exemption

Legislation/Regulatory – TCGA92 Sch. 7AC, para. 9, 21, 22, 26

Surrender of tax refund within group

Effects of surrender

Legislation/Regulatory – CTA2010 s. 964 ; SI 1998/3175 reg. 9

HMRC Guidance – COM100013 ; COM122020 ; COM122030 ; COM122040 ; COM122042 ; CTM94080

Interest on tax overpaid/underpaid

Legislation/Regulatory – CTA2010 s. 965

Payments for

Legislation/Regulatory – CTA2010 s. 966

HMRC Guidance – COM122020

Power to surrender tax refund

Legislation/Regulatory – CTA2010 s. 963 ; SI 1998/3175 reg. 9

HMRC Guidance – COM100013 ; COM100110 ; COM1021 ; COM120020 ; COM120100 ; COM122020 ; COM122021 ; COM122022 ; COM122040 ; COM122050 ; COM122070 ; COM122071 ; COM122074 ; COM122080 ; COM122090 ; COM122093 ; COM124001 ; COM124010 ; COM124011 ; COM126011 ; COM126020 ; COM126090 ; COM126091 ; COM126100 ; COM126101 ; COM132022 ; COM200 ; COM30090 ; COM61070 ; COM95012 ; COM95060 ; CTM92460 ; CTM92650 ; CTM92740 ; CTM92750 ; CTM92760 ; CTM94080 ; CTM97405 ; CTM97420

Taxation as, freedom of establishment

Case Law – Finanzamt Linz v Bundesfinanzgericht, Außenstelle Linz & Ors (Case C-66/14) [2015] BTC 31 ; Société Papillon v Ministère du Budget, des Comptes publics et de la Fonction publique (Case C-418/07). [2009] BTC 390

Termination of group treatment

Legislation/Regulatory – FA2001 Sch. 9, para. 4

Time limits for elections and claims

Commentary – Key Data ¶2-260

Tonnage tax

– see Tonnage tax

Trade, meaning

Legislation/Regulatory – TCGA92 s. 170

Trading stock, loss on sale of transferred properties

Case Law – Property Dealing Co v HM Inspector of Taxes (2003) Sp C 360

Transaction in securities, reconstructions/reorganisations

Case Law – Cedar plc and Larch Ltd v HM Inspector of Taxes (1998) Sp C 155 ; Marwood Homes Ltd v IR Commrs (1996) Sp C 106

Transfer pricing

– see Transfer pricing

Transfer within group

Application to intra-group disposal

Case Law – Wood & Anor v Holden (HM Inspector of Taxes). [2005] BTC 253

Tax avoidance

Case Law – Coates (H.M. Inspector of Taxes) v. Arndale Properties Ltd. Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1984] BTC 5 ; Coates (H.M. Inspector of Taxes) v. Arndale Properties Ltd. [1984] BTC 438 ; Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1982] BTC 300 ; Reed (H.M. Inspector of Taxes) v. Nova Securities Ltd. [1985] BTC 121

Transfers

Goods and services: payments received for non-supplies

Commentary – Indirect Tax Reporter ¶10-602

Property rental business as a going concern

Commentary – Indirect Tax Reporter ¶54-166

HMRC Guidance – Notice 700/9

Transfers of property, relief

Legislation/Regulatory – FA30 s. 42-42B ; FA67 s. 27(3) ; FA95 s. 151(3) ; Misc. 319 ; SP 3/98

Transfers within

Legislation/Regulatory – FA2001 s. 106 ; FA2011 Sch. 10, para. 9 ; IHTA84 s. 97

Transfers within a group

Election to reallocate gain or loss to another group member

Legislation/Regulatory – FA2012 s. 181(4), (5) ; TCGA92 s. 171A, 171B, 171C

General provisions

Legislation/Regulatory – TCGA92 s. 171

Investment trusts

Legislation/Regulatory – TCGA92 s. 101A

Shares in exchange for qualifying corporate bonds

Legislation/Regulatory – IRInt. 152

Trading stock

Legislation/Regulatory – TCGA92 s. 173

HMRC Guidance – CG45900 ; CG45905 ; CG45910 ; CG47455 ; CG57402 ; CTM36900 ; GIM5160 ; GIM9170 ; INTM480520 ; LAM03220

Venture capital trusts

Legislation/Regulatory – TCGA92 s. 101(1A), (1B), 101C, 171

Underlying tax on dividends, taxed as single entity

Legislation/Regulatory – TIOPA2010 s. 71

Unpaid tax, recovery of

Commentary – Tax Reporter ¶188-220

Unrelieved surplus ACT

– see Advance corporation tax (ACT)

Value added tax, registration

Commentary – Quick Overview ¶71020

Value shifting

– see Value shifting

Venture capital trusts, intra-group transfers

Commentary – Tax Reporter ¶741-420

Verification

Commentary – Royse on Construction Industry Scheme 5.3.2

Worldwide debt cap

– see Financing costs and income

Worldwide groups financing costs and income

– see Financing costs and income