- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Finance (No. 2) Act 2005, Section 13 (Corporation Tax Exemption for Scientific Research Organisations) (Appointed Day) Order 2007
You are here:
- Offerynnau Statudol y Deyrnas Unedig
- 2007 No. 3424 (C. 145)
- Whole Instrument
- Blaenorol
- Nesaf
Pa Fersiwn
Dewisiadau Agor
Rhagor o Adnoddau
Status:
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
Statutory Instruments
2007 No.3424 (C.145)
corporation tax
The Finance (No. 2) Act 2005, Section 13 (Corporation Tax Exemption for Scientific Research Organisations) (Appointed Day) Order 2007
Made
4th December 2007
The Treasury make the following Order in exercise of the power conferred by section 13(6) of the Finance (No. 2) Act 2005(1).
1. This Order may be cited as the Finance (No. 2) Act 2005, Section 13 (Corporation Tax Exemption for Scientific Research Organisations) (Appointed Day) Order 2007.
2. The day appointed for the purposes of section 13 of the Finance (No. 2) Act 2005 is 1st January 2008.
Dave Watts
Alan Campbell
Two of the Lords Commissioners of Her Majesty’s Treasury
4th December 2007
EXPLANATORY NOTE
(This note is not part of the Order)
This Order provides that section 13 of the Finance (No. 2) Act 2005 (c. 22) has effect in relation to accounting periods beginning on or after 1st January 2008.
Section 13 amends the conditions set out in section 508 (scientific research organisations) of the Income and Corporation Taxes Act 1988 (c. 1), which provides for the exemption from tax for Associations undertaking scientific research.
Subsection 13(2) removes the requirement for the Secretary of State to approve Associations for the purposes of section 508.
Subsection 13(3) refines the circumstances in which the exemption from tax is allowed. The exemption shall be allowed in relation to any accounting period where the conditions in section 508(1) are met. Those conditions are that the Association has as its object the undertaking of research and development which may lead to or facilitate an extension of a class or classes of trade (“the correct object”), and that it does not distribute its profits to its members.
Subsection 13(4) inserts new subsections (1A) and (1B) into section 508. Subsection (1A) provides that the Treasury may by regulations prescribe circumstances in which the conditions in section 508(1) shall be deemed not to have been complied with.
Subsection (1B) provides that the Treasury may by regulations specify for the purposes of section 508(1)(a) what shall be deemed to be, or not to be, an Association. Such regulations may also specify the circumstances in which the Association shall be deemed to have, or not to have, the correct object, and what shall be deemed to be, or not to be, a class of trade.
Subsection 13(5) substitutes for the meaning of “scientific research” a meaning of “research and development”.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
(1)
Options/Help
Print Options
PrintThe Whole Instrument
Mae deddfwriaeth ar gael mewn fersiynau gwahanol:
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Dewisiadau Agor
Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd
Rhagor o Adnoddau
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
- y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
- rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
- manylion rhoi grym a newid cyffredinol
- pob fformat o’r holl ddogfennau cysylltiedig
- slipiau cywiro
- dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Rhagor o Adnoddau
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
- y PDF print gwreiddiol y fel gwnaed fersiwn a ddefnyddiwyd am y copi print
- slipiau cywiro
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys
- rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
- manylion rhoi grym a newid cyffredinol
- pob fformat o’r holl ddogfennau cysylltiedig
- dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Mae’r holl gynnwys ar gael dan Drwydded Llywodraeth Agored v3.0 ac eithrio ble nodir yn wahanol. Yn ychwanegol mae’r safle hwn â chynnwys sy’n deillio o EUR-Lex, a ailddefnyddiwyd dan delerau Penderfyniad y Comisiwn 2011/833/EU ar ailddefnyddio dogfennau o sefydliadau’r UE. Am ragor o wybodaeth gweler ddatganiad cyhoeddus Swyddfa Gyhoeddiadau’r UE ar ailddefnyddio.