Finance (No. 2) Act 2017

58 Interpretation

(1) In this Part—

• “approved person” has the meaning given by section 49(5);

• “the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs.

(2) For the purposes of this Part two or more bodies corporate are members of a group if—

(a) one of them controls each of the others,

(b) one person (whether a body corporate or an individual) controls all of them, or

(c) two or more individuals carrying on a business in partnership control all of them.

(3) A body corporate is to be taken to control another body corporate if—

(a) it is empowered by or under legislation to control that body’s activities, or

(b) it is that body’s holding company within the meaning of section 1159 of, and Schedule 6 to, the Companies Act 2006.

(4) An individual or individuals are to be taken to control a body corporate if the individual or individuals (were the individual or individuals a company) would be that body’s holding company within the meaning of section 1159 of, and Schedule 6 to, the Companies Act 2006.