C4C3C2C1F1PART 3ACompanies with small profits
Pt. 3A excluded (9.12.2021) by S.I. 2006/964, reg. 14B(3)(c) (as inserted by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 4(b))
Pt. 3A excluded (9.12.2021) by S.I. 2006/964, reg. 14DA(3)(a) (as inserted by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 3(2))
Pt. 3A applied (with effect in accordance with Sch. 1 para. 33 of the amending Act) by 2001 c. 2, s. 99(4A) (as inserted by Finance Act 2021 (c. 26), Sch. 1 para. 16(3))
Pt. 3A applied (with effect in accordance with Sch. 1 para. 33 of the amending Act) by S.I. 1998/3175, reg. 2(2A) (as inserted by Finance Act 2021 (c. 26), Sch. 1 para. 13(2)(c))
The lower limit and the upper limit
18EAssociated companies
1
For the purposes of section 18D, a company is another company's associated company in an accounting period if it is an associated company (see subsection (4)) for any part of the accounting period.
2
The rule in subsection (1) applies to each of two or more associated companies even if they are associated companies for different parts of the accounting period.
3
But an associated company is ignored for the purposes of section 18D if—
a
it has not carried on a trade or business at any time in the accounting period, or
b
it was an associated company for part only of the accounting period and has not carried on a trade or business at any time in that part of the accounting period.
4
For the purposes of this Part, a company is an associated company of another at any time when—
a
one of the two has control of the other, or
b
both are under the control of the same person or persons.
5
In subsection (4) “control” has the same meaning as in Part 10 (see sections 450 and 451).
6
In this section—
a
subsection (3) is subject to section 18F, and
b
subsections (4) and (5) are subject to sections 18G to 18J.
Pt. 3A inserted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 3