<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1" NumberOfProvisions="2543" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-01"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1988/1/section/175</dc:identifier><dc:title>Income and Corporation Taxes Act 1988</dc:title><dc:description>An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980.</dc:description><dc:date>1988-02-09</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-05-01</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-04-01</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1988"/><ukm:Number Value="1"/><ukm:EnactmentDate Date="1988-02-09"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingYear="2005" AffectedNumber="1" AffectingEffectsExtent="E+W+S+N.I." AffectedExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" EffectId="key-226ae3d3b9d67ad2586b63cb0803e4d6" RequiresApplied="false" Row="1872" Notes="This amendment not applied to legislation.gov.uk. The amending provision (2005 c. 7, Sch. 4 para. 6) repealed retrospectively by 2005 c. 22, Sch. 6 para. 4(1)(6)" AffectingProvisions="Sch. 4 para. 6(3)" AffectedProvisions="s. 109A(4B)" AffectingClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-226ae3d3b9d67ad2586b63cb0803e4d6" AffectedYear="1988" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2005/7" Type="inserted" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingNumber="7" Modified="2022-04-21T15:01:57Z"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-109A-4B" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/109A/4B" FoundRef="section-109A">s. 109A(4B)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Finance Act 2005</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4">Sch. 4 </ukm:Section><ukm:Section Ref="schedule-4-paragraph-6-3" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4/paragraph/6/3">para. 6(3)</ukm:Section></ukm:AffectingProvisions><ukm:InForceDates><ukm:InForce Date="2005-04-07" Qualification="with effect in accordance with" OtherQualification="s. 80(3)(4)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingProvisions="s. 18" RequiresApplied="true" Row="156" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2004/25" EffectId="key-3bf93f5f4f294390eed562b98f900c46" URI="http://www.legislation.gov.uk/id/effect/key-3bf93f5f4f294390eed562b98f900c46" AffectedYear="1988" AffectedNumber="1" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2004" AffectingNumber="25" AffectedProvisions="Act" AffectedExtent="E+W+S+N.I." Type="Tax Acts: power to modify conferred" Modified="2022-04-21T15:01:57Z" AffectingClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>Horserace Betting and Olympic Lottery Act 2004</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-18" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/18">s. 18</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-40" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/40">s. 40</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." AffectedProvisions="Sch. 19AB para. 5(5)(a)(b)" Type="words substituted" RequiresApplied="false" AffectingYear="2001" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingURI="http://www.legislation.gov.uk/id/uksi/2001/3629" AffectedYear="1988" AffectingClass="UnitedKingdomStatutoryInstrument" EffectId="key-0e06b525e81058cef6b010bdeff22d29" AffectedExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="art. 52(2)(n)" AffectedNumber="1" Modified="2022-04-21T15:01:57Z" AffectingNumber="3629" Notes="This amendment not applied to legislation.gov.uk. The words to be substituted do not occur in Sch. 19AB para. 5" URI="http://www.legislation.gov.uk/id/effect/key-0e06b525e81058cef6b010bdeff22d29" Row="12550"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-19AB" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB">Sch. 19AB </ukm:Section><ukm:Section Ref="schedule-19AB-paragraph-5-5-a" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/a" FoundRef="schedule-19AB-paragraph-5">para. 5(5)(a)</ukm:Section><ukm:Section Ref="schedule-19AB-paragraph-5-5-b" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/b" FoundRef="schedule-19AB-paragraph-5">(b)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="article-52-2-n" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/52/2/n">art. 52(2)(n)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="article-1-2-a" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/1/2/a">art. 1(2)(a)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2001-12-01" Qualification="with effect in accordance with" OtherQualification="art. 1(2)(a)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect RequiresApplied="false" AffectedNumber="1" AffectingClass="UnitedKingdomStatutoryInstrument" Row="264" AffectingNumber="875" AffectedYear="1988" Notes="This amendment not applied to legislation.gov.uk. S.I. 2010/875 was revoked (27.8.2010) by SI 2010/1906, reg. 2 without having come into force" Type="applied (with modifications)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingURI="http://www.legislation.gov.uk/id/uksi/2010/875" Modified="2022-04-21T15:01:57Z" URI="http://www.legislation.gov.uk/id/effect/key-b9054a3d085379b318defb2d493dc991" AffectingEffectsExtent="E+W+S" AffectedProvisions="Act" EffectId="key-b9054a3d085379b318defb2d493dc991" AffectingProvisions="reg. 16 Sch. 2" AffectedExtent="E+W+S+N.I." AffectingYear="2010" AffectedClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) Regulations 2010</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-16" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/16">reg. 16</ukm:Section> <ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/schedule/2">Sch. 2</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/1/2">reg. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2010-10-01" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/body" NumberOfProvisions="1579" RestrictStartDate="2026-04-01"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/V" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/V" NumberOfProvisions="161" id="part-V"><Number>PART V</Number><Title> PROVISIONS RELATING TO THE SCHEDULE E CHARGE</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/V/chapter/III" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/V/chapter/III" NumberOfProvisions="18" id="part-V-chapter-III"><Number>CHAPTER III</Number><Title> PROFIT-RELATED PAY</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/V/chapter/III/crossheading/registration" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/V/chapter/III/crossheading/registration" NumberOfProvisions="8" id="part-V-chapter-III-crossheading-registration"><Title> Registration</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="1997-03-19"><Title> Applications for registration.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/section/175" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/175" id="section-175"><Pnumber>175</Pnumber><P1para><Text><CommentaryRef Ref="c22204941"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="c22204941" Type="F"><Para><Text><CitationSubRef id="c03308" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/169" UpTo="http://www.legislation.gov.uk/id/ukpga/1988/1/section/184" Type="group" StartSectionRef="section-169" EndSectionRef="section-184">Ss. 169-184</CitationSubRef> (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1997/16" id="c03309" Year="1997" Class="UnitedKingdomPublicGeneralAct" Number="16" Title="Finance Act 1997">Finance Act 1997 (c. 16)</Citation>, <CitationSubRef id="c03310" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/18/part/6/3" Operative="true" CitationRef="c03309" SectionRef="schedule-18-part-6-3">Sch. 18 Pt. 6(3)</CitationSubRef>, Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)</Text></Para></Commentary></Commentaries></Legislation>