Part 10 Close companies

Chapter 1 Overview of Part

438 Overview of Part
(1) Chapter 2 defines “close company” and other expressions used in this Part.
(2) Chapter 3 imposes a charge to tax in connection with loans or advances by close companies to participators.
(2A) Chapter 3A imposes a charge to tax in connection with other arrangements involving close companies and participators.
S. 438(2A)(2B) inserted (retrospective to 20.3.2013) by Finance Act 2013 (c. 29), Sch. 30 para. 2(1)(2)
(2B) Chapter 3B makes provision about the treatment of certain repayments and return payments made in respect of loans, advances and other arrangements.
(3) Chapter 4 contains a power to obtain information in connection with close companies.
(4) For the meaning of “participator”, see section 454.
Pt. 10 applied (with modifications) (6.4.2014) by National Insurance Contributions Act 2014 (c. 7), s. 8, Sch. 1 Pt. 1