SCHEDULES
SCHEDULE 1Bank payroll tax
Part 3Definitions
Other interpretative provisions
49
1
In this Schedule—
“arrangements” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
“benefit” includes a facility of any kind;
“building society” means a building society within the meaning of the Building Societies Act 1986;
“the Commissioners” means the Commissioners of Her Majesty's Revenue and Customs;
“contract of insurance” has the meaning given by section 431(2) of ICTA;
“control” has the meaning given by section 995 of ITA 2007;
“employment”, “employee” and “employer” have the same meaning as in the employment income Parts of ITEPA 2003 (see sections 4 and 5 of that Act);
“enactment” includes an enactment or instrument (whenever passed or made);
“HMRC” means Her Majesty's Revenue and Customs;
“insurance company” and “insurance special purpose vehicle” have the meaning given by section 431(2) of ICTA;
“market value” has the same meaning it has for the purposes of TCGA 1992 by virtue of Part 8 of that Act;
“money's worth” has the meaning given by section 62(3) of ITEPA 2003;
“partnership” includes—
- a
a limited liability partnership, and
- b
an entity established under the law of a territory outside the United Kingdom of a similar character to a partnership (and “member”, in relation to a partnership, is to be read accordingly);
- a
“period of account” and “permanent establishment” have the meaning given by section 1119 of CTA 2010;
“the tax year 2009-10” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
2
Section 170(2) to (11) of TCGA 1992 (“group”, “principal company”, “effective 51% subsidiary”, “company” etc) has effect for the interpretation of this Schedule as for the interpretation of sections 171 to 181 of that Act.
3
Section 993 of ITA 2007 (meaning of “connected” persons) applies for the purposes of this Schedule.
4
For the purposes of this Schedule the territory in which a company is resident is to be determined as for the purposes of the Corporation Tax Acts.