Abortive expenditure

Accounting basis

Changes in accounting standards, HMRC's powers

Connected companies

Departures from generally accepted accounting practice

Generally accepted accounting practice

Interest rate etc. reset

Methods of accounting

Accounting for credits and debits

Adjustments on change of basis

Amortised cost basis

Amounts not fully recognised for accounting purposes

Basis of accounting

Capital expenditure

Cessation of loan relationship

Change of carrying value

Companies without GAAP-compliant accounts

Derecognition

Equity or shareholders' funds

Fair value

Fair value accounting

Imported losses

Insolvency

Opening and closing values

Release of debts

Revaluation of assets

Reversal of disallowed debits

Rules differing from generally accepted accounting practice

Writing-off government investments

Accounting methods

Amounts recognised in determining company's profit or loss

Change in accounting standards

Change of accounting basis applicable to assets or liabilities

Connected parties

Deferment of transitional adjustments

Fair value accounting

Generally

Accrual of purchase discount on loan repayable on demand

Alternative finance arrangements

Generally

Amendments of Parts 5 and 6 of CTA 2009

Anti-avoidance provisions

Double charge, avoidance of

Mandatory convertibles

Repo and stock lending arrangements

Anti-avoidance provisions, interaction with

Application of Finance Act 1996, Sch. 9, para. 13 to debit arising under FA 1996, Sch. 9, para. 19A

Assignment of contingent third-party debt claims

Assignment of right to interest under the loan to another group company

Associated companies

Authorised investment funds

Authorised investment trusts

Authorised unit trusts

Bad debts/impairment

Connected party situations

Consortium relief

Creditors in liquidation

Equity swaps

Generally

Writing-off government investment

Bad or doubtful debts

Relieved before commencement

Basic life assurance and general annuity business, non-trading deficits

Bringing amounts into account

Bringing amounts into account, trading/non-trading

Building societies

Calculation of profits and deficits

Capital expenditure, debits and credits treated as relating to

Carry back/carry forward claims

Ceasing to be party to

Ceasing to be resident in UK

Ceasing to be UK resident

Change of accounting practice

Charge to tax

As income

Non-trading profits

Chargeable assets held after commencement, transitional provisions

Chargeable gains

Collective investment schemes

General savings

Generally

Qualifying corporate bonds

Traders and their guarantors

Charitable companies, exemption for non-trading profits

Civil proceedings for recovery of property

Claims

Carry-back of non-trading deficits

Carry-forward as non-trading debit of next accounting period

Carry-forward of deficit to next accounting period

Group relief

Sideways relief

Close companies

Deeply discounted securities

Loans to participators

Close company loan to participator

Collective investment scheme

Commencement and transitional provisions

Anti-avoidance provisions etc

Generally

Sections 321, 349 and 605 of CTA 2009

Straddling accounting periods treated as split for certain purposes

Transitional adjustments relating to derivative contracts

Transitional provision relating to abolition of 'fairly represents' test

Transitional provision relating to fixed capital asset or project

Commercial rate of interest

Company is not, or has ceased to be, party to loan relationship

Company migrations

Company with investment business, restrictions on relief

Carry forward of non-trading deficit

Debits to be brought into account

Connected companies

Amortised cost basis, application

Beginning to be connected

Ceasing to be connected

Close company loans to participators

Corporate rescue exception

Debt-for-debt exception

Deemed debt releases on impaired debts

Deeply discounted securities

Equity-for-debt exception

Exclusion of credits on release or reversal of impairments

Exclusion of debits for impaired or released debts

Generally

Late interest

Meaning

Occupational pension schemes, trustees

Related transactions, disregard of

Connected parties

Connected party situations

Ceasing to be connected

Debits exceeding credits

Impairment debts and impairment losses

Consortium relief, bad debts/impairment

Contracts for financial futures, transactions by insurance companies

Controlled foreign companies

Convertible securities

Corporation tax

Counteracting effect of avoidance arrangements

Credit not taxable on release of liability

Credit unions

Creditor relationship, meaning

Credits and debits brought into account

Accounting bases

Adjustments on change of accounting basis

Amounts recognised in determining profit or loss

Companies without GAAP-compliant accounts

Disregard of pre-2005 disallowed debits

General principles

Generally

Overseas sovereign debts

Reversal of debits, restriction

Rules differing from generally accepted accounting practice

Cross-border transfers of business and mergers

DCC holdings

De-recognised for accounting purposes

Debit not arising from derivative contract

Debit not reflecting fair representation of loss from transactions

Debit relating to 'tracker shares' linked to in the money swap receipts

Debit representing cost of shares in respect of loan relationship with a subsidiary

Debits and credits brought into account

Debits and credits brought into account, creditor in liquidation

Debt capping rules, worldwide groups

Debtor relationship, meaning

Deductible debit

Deduction of tax at source

Deemed release of liability

Deep discount securities

Deep gain securities

Generally

Qualifying indexed securities

Deeply discounted securities

Accounting periods pre-1 April 2007

Close companies

Connected companies

Partnerships

Persons indirectly standing in position of creditor

Pre-1 October 2002

Derecognition

Derivative contracts

Derivatives

Connected debtor and creditor, debits exceeding credits

Embedded derivatives

Discounted securities

– see also Discounted securities

Chargeable gains

Generally

Disguised interest

Excluded shares

Exclusion where arrangement has no tax avoidance motive

Exclusion where return otherwise taxable

Generally

Regarded as profit from

Shares accounted for as liabilities

Disguised interest rules

Controlled foreign companies

Generally

Disposals for consideration not fully recognised

Disregard of foreign tax referable to interest under

Generally

Repos, exception for

Stock lending, exception for

Distributions

Double taxation relief

Effect of assignment on recognition of loan in accounts of assignor company

Embedded derivatives

Embedded rights and liabilities to financial or equity instruments

European company (SE)

European cross-border mergers

European cross-border transfers of business

Exchange gains and losses

Expenses

Fair representation of profits

Financing costs and income

Financing costs and income of group companies

Floating rate securities

Foreign exchange gains and losses

Funding bonds

GAAP-compliant accounting treatment

Generally

Gilt-edged securities

– see also Gilt-edged securities

Index-linked pre-1 January 2005

Low-coupon gilts

Strips

Group mismatch schemes

Controlled foreign companies

Economic profits and losses, meaning

Finance arrangements

Foreign companies and foreign permanent establishments

Generally

Group, meaning

Losses and profits to be disregarded

Meaning

Provisions treated as of no effect

Relevant tax advantage, meaning

Repos or quasi-repos

Scheme group, meaning

Scheme loss, meaning

Scheme period, meaning

Scheme profit, meaning

Scheme, meaning

Tax capacity assumption

Trading income

Group of companies, novation of liabilities

Group relief

Bad debts/impairment

Generally

Group relief, impaired or released consortium debts

Accounting periods

Carry forward of claims where no net consortium debits

Credit for release brought into account on amortised cost basis

Generally

Interpretation

Reduction of claims where earlier net consortium debits

Reduction of credits exceeding impairment losses

Reduction of loss debits

Groups

Intra-group transactions

Mismatch rules

Groups of companies, restriction of deduction for financing costs and income

Groups of companies, transfers between

Fair value accounting

Generally

Notional carrying value

Transferee leaving group

Imported losses

Imputed interest

Incidental costs of loan finance

Income stream transfers

Industrial assurance business

Insolvency, corporate rescue etc

Insurance companies

Basic life assurance and general annuity business

Generally

I - E basis

Loss relief

Inter-company transactions, deductions

Interest coupons recognised in accounts during repo term

Interest on overpaid/underpaid tax

Interest payable, deferral

Interest under, meaning

Interpretation of section 455B

Interpretation of section 698B

Intra group forward subscription agreement

Investment companies functional currency

Investment life insurance contracts

Investment life insurance contracts, gains on

Investment trusts

Creditor relationships, accounting methods

Generally

Judgments, interest on

Late interest rules

Connected companies

Deduction of tax

Occupational pension scheme trustees

Late paid interest

Legal and accounting concepts

Life insurance contracts, gains on

Limits on/reduction of credit for foreign tax

Current year's non-trading deficits

Deductions, allocation of

Earlier years' non-trading deficits

Generally

Non-trading debits

Liquidation, creditors in

Lloyd's underwriters

Mandatory convertibles

Manufactured dividends and interest

Generally

Overseas securities

Manufactured interest

Matched, meaning

Matters in respect of which amounts are to be brought into account

Matters treated as

Meaning

Migrations

Money debt, meaning

Money debts

Discounts

Exchange gains and losses

Generally

Impairment losses

Imputed interest on transfer pricing adjustments

Interest on judgments

Interest on tax

Meaning

Non-lending relationships

No profit recognised in accounts

Non-lending relationships

Amounts to be brought into account

Discounts on disposals pre-22 March 2006

Exchange gains and losses treated as money debts

Exclusions

Generally

Interest, meaning

Involving discounts

Money debt, meaning

Not involving discounts

Relevant matters

Non-trading

Non-trading deficits

Brought into account

Calculation

Generally

Set off deficit against profits of deficit period

Non-trading deficits, relief

Non-trading profits

Calculation

Carry forward of unrelieved deficit

Charge to tax

Non-UK resident ceasing to hold loan relationship for permanent establishment

Notional closing values of relevant assets

Notional interest

Offshore funds

Oil extraction activities, calculation of profits

Open-ended investment companies

Generally

Options

Overpaid/underpaid tax, interest on

Overview

Partnerships

Involving companies

Structured finance arrangements

Partnerships involving companies

– see Partnerships

Party to loan relationships represented by gilts

Payment under, meaning

Payments subject to deduction of tax

Pre-commencement, adjustments in respect of

Pre-trading expenditure

Price of shares calculated by reference to inter-company loan relationship

Profits and gains, bringing amounts into account

Profits or losses, construction of references to

Profits realised on loan notes, appropriation to share premium account

Proper application of provisions to the assignee company

Provision of shares for transfer pricing purposes

Purposes of trade, meaning

Qualifying corporate bonds

Generally

Transitional provisions

Qualifying indexed securities

Related transaction, meaning

Related transactions

Release of loan, covenants in loan agreement

Relevant non-lending relationships

Reorganisations

Reorganisations, issue of new securities

Disposal at notional carrying value

Fair value accounting

Generally

Repairing balance sheet of group company

Repeal of certain provisions relating to late interest etc

Repeal of uncommenced repeal provisions

Repo arrangements

Repo over interest coupons

Repos

Reserves

Reset interest etc.

Rights or liabilities under, meaning

Risk transfer schemes

– see also Risk transfer schemes

Generally

Sale and repurchase of gilts, claim for non-trading deficit

Sale and repurchase of securities

Set-off on non-trade deficits

Shares

Accounted for as liabilities

Beginning/ceasing to be treated as

Guaranteed returns (pre-22 April 2009)

Outstanding third party obligations

Pre-22 April 2009

Transitional rules, commencement of shares as debt legislation

Shares accounted for as liabilities

Becoming or ceasing to be shares

Conditions shares must meet to be a share

Excepted shares

Generally

Rights under creditor relationship

Unallowable purpose

Shares with guaranteed returns

Amounts to be brought into account

Ceasing to be treated as

Generally

Non-qualifying shares

Outstanding third party obligations

Shari'a compliant financing arrangements

Shari'a law compliant arrangements

Sovereign debts

Stock lending

Stock lending transactions

Structured finance arrangements

– see also Finance arrangements

Generally

Substantial modification

Cases where credits not required to be brought into account

Swap agreements, qualifying payments/allocation issue/unallowable purpose issue

Tax avoidance

Connected parties

Control, meaning

Definitions

Disposals for consideration not fully recognised by accounting practice

European cross-border mergers

European cross-border transfer of business

Exchange gains and losses, transactions not at arm's length

Financial traders, creditors

Generally

Insurance companies, creditors

Non-trading deficits

Partnerships, connected parties

Priority rules

Resetting interest rates (reset bonds), fair value accounting

Tax relief schemes, restriction of interest relief

Transactions not at arm's length

Unallowable purposes

Tax mismatch schemes

Economic profits and losses, meaning

Generally

Losses and profits to be disregarded

Meaning

Priority

Relevant tax advantage/disadvantage, meaning

Scheme loss/profit, meaning

Scheme period, meaning

Scheme, meaning

Tax capacity assumption

Thin capitalisation

Trade, meaning

Trading

Transaction for the lending of money

Transactions for the lending of money, meaning

Transactions not at an arm's length

Transfer of contingent debt asset

Transfer of income streams

Transfer pricing adjustments

Transfer pricing rules applied to issue price of tracker shares

Transitional adjustments relating to loan relationships

Transitional provisions and savings

Transport transfer schemes

Treasury stock 2008–12 not redeemed pre-6 April 2009

Unallowable purposes

Unit trusts

– see also Unit trust schemes

Generally

Value of the shares income of the share recipient

Venture capital trusts

Winding up or administration

Worldwide debt cap

Writing-off government investment