Schedule 1 Abbreviations and defined expressions
Part 1 Abbreviations
F1FA followed by a year | The Finance Act of that year |
F1F(No.2)A followed by a year | The Finance (No.2) Act of that year. |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
CAA 1968 | The Capital Allowances Act 1968 (c. 3) |
TMA 1970 | The Taxes Management Act 1970 (c. 9) |
F2. . . | F2. . . |
OTA 1975 | The Oil Taxation Act 1975 (c. 22) |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
ICTA | The Income and Corporation Taxes Act 1988 (c. 1) |
F2. . . | F2. . . |
CAA 1990 | The Capital Allowances Act 1990 (c. 1) |
TCGA 1992 | The Taxation of Chargeable Gains Act 1992 (c. 12) |
F2. . . | F2. . . |
VATA 1994 | The Value Added Tax Act 1994 (c. 23) |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F2. . . | F2. . . |
F3ITEPA 2003 | The Income Tax (Earnings and Pensions) Act 2003 |
F4ITTOIA 2005 | The Income Tax (Trading and Other Income) Act 2005 |
F2. . . | F2. . . |
F2. . . | F2. . . |
F5ITA 2007 | The Income Tax Act 2007. |
F6CTA 2009 | The Corporation Tax Act 2009 |
F7CTA 2010 | The Corporation Tax Act 2010 |
Part 2 Defined expressions
accounting period | F8Chapter 2 of Part 2 of CTA 2009 |
additional VAT liability | section 547(1) |
additional VAT rebate | section 547(2) |
F9. . . | F9. . . |
adjusted net cost (in Chapter 6 of Part 10) | section 522 |
F9. . . | F9. . . |
F10AIA qualifying expenditure | section 38A |
F11applicable CO2 emissions figure (in Part 2) | section 268C |
approved body (in Part 10) | section 492 |
assured tenancy | section 490(3) |
available qualifying expenditure (in Part 2) | section 57 |
available qualifying expenditure (in Part 7) | section 459 |
available qualifying expenditure (in Part 8) | section 473 |
F9. . . | F9. . . |
F12balancing adjustment (in Part 3A) | section 360M |
F9. . . | F9. . . |
F13. . . | F13. . . |
balancing adjustment (in Part 10) | section 513 |
F9. . . | F9. . . |
F12balancing event (in Part 3A) | section 360N |
F9. . . | F9. . . |
F13. . . | F13. . . |
balancing event (in Part 10) | section 514 |
F14basic life assurance and general annuity business | sections 57 and 67(5) of FA 2012 (as applied by section 141(2) of that Act) |
body of persons | |
F17. . . | F17. . . |
F9. . . | F9. . . |
capital expenditure | section 4 and (in Chapter 2 of Part 1) section 10(1) |
capital sum | section 4 |
car (in Part 2) | F18section 268A |
F19the charge to corporation tax on income | section 2(3) of CTA 2009 (as applied by F20section 1119 of CTA 2010) |
chargeable period | section 6 |
F9. . . | F9. . . |
connected persons (general meaning) | F21section 575 |
connected persons (special extended meaning for certain purposes) | sections 156, 232, 246(2) and 266(5) |
control | section 574 |
F22the corporate partner calculation (in relation to a trade carried on by a Northern Ireland firm) | section 6D(3) |
the Corporation Tax Acts | section 831(1) of ICTA |
F9. . . | F9. . . |
development and development order (in Part 5) | section 436 |
disposal event (in Part 2) | section 60(2) |
disposal event (in Chapter 3 of Part 6) | section 443(7) |
disposal receipt (in Part 2) | section 60 |
disposal receipt (in Part 5) | section 420 |
disposal receipt (in Chapter 3 of Part 8) | section 476(1) |
dredging | section 484(3), (4) |
dual resident investing company | section 577(1) and F23section 949 of CTA 2010 |
dwelling-house | section 531(1) |
F13. . . | F13. . . |
F9. . . | F9. . . |
F9. . . | F9. . . |
F9. . . | F9. . . |
F24. . . | F24. . . |
F11electrically-propelled (in Part 2) | section 268B |
expenditure on the construction of a building (in Part 10) | section 493 |
final chargeable period (in Part 2) | section 65 |
final chargeable period (in Part 7) | section 457(5) |
final chargeable period (in Part 8) | section 471(5) and (6) |
first-year qualifying expenditure | Chapter 4 of Part 2 |
fixture (in Part 2) | section 173(1) |
F25. . . | F25. . . |
F13. . . | F13. . . |
F26. . . | F26. . . |
F27. . . | F27. . . |
general development order (in Part 5) | section 436 |
F9. . . | F9. . . |
F9. . . | F9. . . |
F11hire car for a disabled person (in Part 2) | section 268D |
F14I - E rules | section 70(1) and (2) of FA 2012 (as applied by section 141(2) of that Act) |
income from patents (in Part 8) | section 483 and paragraph 101(5) of Schedule 3 |
F9. . . | F9. . . |
F28. . . | F28. . . |
F14insurance company | section 65 of FA 2012 (as applied by section 141(2) of that Act |
interest in an oil licence (in Chapter 3 of Part 12) | section 552(4) |
investment company | section 130 of ICTA |
investment asset (in relation to life assurance business) | section 545(2) |
know-how (in Part 7) | section 452(2) |
F9. . . | F9. . . |
F12lease and related expressions (in Part 3A) | section 360Z4 |
F9. . . | F9. . . |
F13. . . | F13. . . |
lease and related expressions (in Part 10) | section 531 |
F29. . . | F29. . . |
long-life asset (in Chapter 10 of Part 2) | section 91 |
long-life asset expenditure (in F30... Part 2) | section 90 |
F14long-term business | section 63(1) of FA 2012 (as applied by section 141(2) of that Act) |
market value | section 577(1) |
mineral asset (in Part 5) | section 397 |
mineral exploration and access (in Part 5) | section 396 |
mineral extraction trade (in Part 5) | section 394(2) |
mineral deposits (in Part 5) | section 394(3) |
F11motor cycle (in Part 2) | section 268A |
F22NI rate activity | section 6C |
F22NIRE company | section 6A |
F14non-BLAGAB long-term business | sections 66 and 67 of FA 2012 (as applied by section 141(2) of that Act) |
normal time limit for amending a tax return | section 577(1) |
F22Northern Ireland Chapter 6 firm | section 6B(3) |
F22Northern Ireland Chapter 7 firm | section 6B(4) |
F22Northern Ireland firm | section 6B(2) |
section 6A | |
notice | section 577(1) |
F32offshore installation (except in Chapter 13 of Part 2) | F33sections 1001 and 1002 of ITA 2007 andF34section 1132 of CTA 2010 |
oil (in Chapter 3 of Part 12) | section 556(3) |
oil licence (in Chapter 3 of Part 12) | section 552(1) |
F35. . . | F35. . . |
F36. . . | F36. . . |
F27. . . | F27. . . |
overseas property business | F37Chapter 2 of Part 3 of ITTOIA 2005 (as applied by section 989 of ITA 2007) and Chapter 2 of Part 4 of CTA 2009 (as applied by F38section 1119 of CTA 2010) |
partial depreciation subsidy | section 209 |
patent rights (in Part 8) | section 464(2) |
planning permission (in Part 5) | section 436 |
F9. . . | F9. . . |
F12proceeds from a balancing event (in Part 3A) | section 360O |
F9. . . | F9. . . |
F13. . . | F13. . . |
proceeds from a balancing event (in Part 10) | section 515 |
property business | section 577(1) |
public body (in Chapter 1 of Part 11) | section 532(2) |
qualifying activity (in Part 2) | Chapter 2 of Part 2 |
F12qualifying building (in Part 3A) | section 360C |
F13. . . | F13. . . |
F12qualifying business premises (in Part 3A) | section 360D |
qualifying dwelling-house (in Part 10) | section 490(2) and Chapter 4 of Part 10 |
F9. . . | F9. . . |
F11qualifying emissions certificate (in Part 2) | section 268C |
F12qualifying expenditure (in Part 3A) | section 360B |
qualifying expenditure attributable to a dwelling-house (in Part 10) | section 511 |
F13. . . | F13. . . |
qualifying hire car (in Part 2) | section 82 |
F9. . . | F9. . . |
qualifying non-trade expenditure (in Part 8) | section 469 |
qualifying trade expenditure (in Part 8) | section 468 |
F9. . . | F9. . . |
qualifying trade (in Part 9) | section 484(2) |
F9. . . | F9. . . |
F9. . . | F9. . . |
F39. . . | F39. . . |
F40relevant cut-off (in Chapter 9 of Part 2) | section 86(3) |
F12relevant interest (in Part 3A) | Chapter 4 of Part 3A |
F9. . . | F9. . . |
F13. . . | F13. . . |
relevant interest (in Part 10) | Chapter 2 of Part 10 |
relevant trade (in Part 6) | section 439(3) |
research and development | section F41437(2) and (3) |
F9. . . | F9. . . |
F12residue of qualifying expenditure (in Part 3A) | section 360K |
F9. . . | F9. . . |
F13. . . | F13. . . |
residue of qualifying expenditure attributable to a dwelling-house (in Part 10) | section 512 |
ring fence trade (in Chapter 13 of Part 2) | section 162(2) |
sale | section 572(1) to (3) |
sale, time of | section 572(4) |
sale, transfers under PartsF42... 3A,F42... F43... and 10 treated as | section 573 |
sale, treated as occurring on successions, for purposes of Parts other than Parts 2, 6 and 10 | section 559 |
F44. . . | F44. . . |
short-life asset (in Part 2) | section 83 |
source of mineral deposits (in Part 5) | section 394(5) |
special leasing (in Part 2) | section 19 |
F45special rate expenditure (in Part 2) | section 104A |
F46special tax site | section 573A |
tax | F47section 1119 of CTA 2010 |
the Tax Acts | Schedule 1 to the Interpretation Act 1978 and section 831 of ICTA |
tax advantage | section 577(4) |
tax return | section 3(3) |
tax year | F48section 4(2) of ITA 2007 (as applied by section 989 of that Act) |
F49. . . | F49. . . |
UK oil licence | section 552(2) |
F50UK property business | F51...Chapter 2 of Part 3 of ITTOIA 2005F52(as applied by section 989 of ITA 2007)F53and Chapter 2 of Part 4 of CTA 2009 (as applied by F54section 1119 of CTA 2010) |
United Kingdom | |
unrelieved qualifying expenditure (in Part 2) | section 59 |
unrelieved qualifying expenditure (in Part 5) | section 419 |
unrelieved qualifying expenditure (in Part 7) | section 461 |
unrelieved qualifying expenditure (in Part 8) | section 475 |
within the charge to tax | |
F9. . . | F9. . . |
writing-down period (in Part 9) | section 487(2) |