COM30021 - Background: company taxation overview: legislation
The table below gives a brief explanation of what the legislation relevant to this subject contains.
Section | Explanation |
11 Taxes Management Act (TMA) 1970 | Contains the ground rules for the content of a CT return for pre CTSA periods. |
3, Chapter 2, Part 2 Corporation Tax Act (CTA) 2010 | Governs the application of the small companies rate of CT. |
455 CTA 2010 | Charges tax on a loan or advance made by a close company to a participator. |
747 Income and Corporation Taxes Act (ICTA) 1988 | The legislation relating to chargeable profits and creditable tax in respect of Controlled Foreign Companies. |
Sch 13 ICTA 1988 | Lays down the rules for collection of ACT. |
Sch 16 ICTA 1988 | Lays down the rules for collection of IT on company payments which are not distributions. |
Sch 19AB ICTA 1988 | Entitles companies in the pensions business to receive provisional repayment of IT (and while it lasted, payment of tax credit) during the AP. |
36 Finance Act (FA) 1998 | Allows HMRC to enter into special payment arrangements with companies that are members of groups. |
Sch 18 FA 1998 | Contains most of the management legislation relating to CTSA. |
Para 3 Sch 18 FA 1998 | Contains the rules for the content of the CTSA return. |
Para 8 Sch 18 1998 | Provides the rules for the calculation of tax payable. |
SI 1998 No 3175 | Contains the requirement for large companies to pay tax in quarterly instalments. |