Income and Corporation Taxes Act 1988

Corporation taxU.K.

6 The charge to corporation tax and exclusion of income tax and capital gains tax.U.K.

(1)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3(4A)F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

F5(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Treatment of certain payments and repayment of income tax.U.K.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 General scheme of corporation tax.U.K.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F88A Resolutions to reduce corporation tax.U.K.

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

9 Computation of income: application of income tax principles.U.K.

(1)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F11(2A)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2B)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2C)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

(3)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)Where F12. . . any enactment applies both to income tax and to corporation tax—

(a)it shall not be affected in its operation by the fact that they are distinct taxes but, so far as is consistent with the Corporation Tax Acts, shall apply in relation to income tax and corporation tax as if they were one tax, so that, in particular, a matter which in a case involving two individuals is relevant for both of them in relation to income tax shall in a like case involving an individual and a company be relevant for him in relation to that tax and for it in relation to corporation tax; and

(b)for that purpose references in any such enactment to a relief from or charge to income tax, or to a specified provision of the Income Tax Acts shall, in the absence of or subject to any express adaptation, be construed as being or including a reference to any corresponding relief from or charge to corporation tax, or to any corresponding provision of the Corporation Tax Acts.

(6)F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Time for payment of tax.U.K.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Companies not resident in United Kingdom.U.K.

[F15(1)F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2A)F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

(3)F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F1811AADetermination of profits attributable to permanent establishmentU.K.

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

12 Basis of, and periods for, assessment.U.K.

(1)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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[F21(5A)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F22(5B)F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

(6)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F24(7ZA)F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F25(7A)F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F27(7B)F28. . .

• F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F30[F31(7C)F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]]

(8)Where it appears to the inspector that the beginning or end of any accounting period of a company is uncertain, he may make an assessment on the company for such period, not exceeding 12 months, as appears to him appropriate, and that period shall be treated for all purposes as an accounting period of the company unless either—

(a)the inspector on further facts coming to his knowledge sees fit to revise it; or

(b)on an appeal against the assessment in respect of some other matter the company shows the true accounting periods;

and if on an appeal against an assessment made by virtue of this subsection the company shows the true accounting periods, the assessment appealed against shall, as regards the period to which it relates, have effect as an assessment or assessments for the true accounting periods, and there may be made such other assessments for any such periods or any of them as might have been made at the time when the assessment appealed against was made.

[F32(9)F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]