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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2007/3/section/331C</dc:identifier><dc:title>Income Tax Act 2007</dc:title><dc:description>An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.</dc:description><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>2026-04-23</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-04-06</dct:valid>
					
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					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2007/3/notes/contents" title="Explanatory Notes Table of Contents"/>
					
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					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2007/3/contents" title="Table of Contents"/>
					
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Modified="2026-04-17T13:59:22Z" AffectedYear="2007" URI="http://www.legislation.gov.uk/id/effect/key-a7a195917bffa21df250c9e77e0782d4" EffectId="key-a7a195917bffa21df250c9e77e0782d4" AffectedProvisions="s. 6B(1A)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2007/3" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2026"><ukm:AffectedTitle>Income Tax Act 2007</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-6B-1A" URI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/6B/1A" FoundRef="section-6B">s. 6B(1A)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Finance Act 2026</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/schedule/2">Sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-2" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/schedule/2/paragraph/2">para. 2</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:SectionRange Start="section-8-2" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/section/8/2" End="section-8-4" UpTo="http://www.legislation.gov.uk/id/ukpga/2026/11/section/8/4"><ukm:Section Ref="section-8-2" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/section/8/2">s. 8(2)</ukm:Section>-<ukm:Section Ref="section-8-4" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/section/8/4">(4)</ukm:Section></ukm:SectionRange></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Notes="The amending provision was repealed before coming into force." 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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/notes"/><ukm:Alternatives><ukm:Alternative Date="2008-01-31" URI="http://www.legislation.gov.uk/ukpga/2007/3/pdfs/ukpgaen_20070003_en_003.pdf" Title="Explanatory Note, Volume 3"/><ukm:Alternative Date="2008-01-31" URI="http://www.legislation.gov.uk/ukpga/2007/3/pdfs/ukpgaen_20070003_en_002.pdf" Title="Explanatory Note, Volume 2"/><ukm:Alternative Date="2008-01-31" URI="http://www.legislation.gov.uk/ukpga/2007/3/pdfs/ukpgaen_20070003_en_001.pdf" Title="Explanatory Note, Volume 1"/><ukm:Alternative Date="2008-01-31" URI="http://www.legislation.gov.uk/ukpga/2007/3/pdfs/ukpgaen_20070003_en.pdf" Title="Explanatory Note"/></ukm:Alternatives>       
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/body" NumberOfProvisions="1751" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-06"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/part/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/part/6" NumberOfProvisions="106" id="part-6" RestrictStartDate="2026-04-06"><Number><Strong>Part 6</Strong></Number><Title>Venture capital trusts</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/part/6/chapter/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/part/6/chapter/6" NumberOfProvisions="14" id="part-6-chapter-6" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-06"><Number>Chapter 6</Number><Title>Supplementary and general</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/part/6/chapter/6/crossheading/supplementary" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/part/6/chapter/6/crossheading/supplementary" NumberOfProvisions="5" id="part-6-chapter-6-crossheading-supplementary" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-06"><Title><Emphasis>Supplementary</Emphasis></Title><P1group RestrictStartDate="2026-04-06"><Title><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">Meaning of “specified Northern Ireland company”</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/section/331C" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C" id="section-331C"><Pnumber><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">331C</Addition></Pnumber><P1para><Text><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">For the purposes of this Part, a “</Addition><Term><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">specified Northern Ireland company</Addition></Term><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">” means a company that—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/section/331C/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C/a" id="section-331C-a"><Pnumber><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">has its registered office in Northern Ireland, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/section/331C/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C/b" id="section-331C-b"><Pnumber><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">carries on a trade involving—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/section/331C/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C/b/i" id="section-331C-b-i"><Pnumber><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">a trade in goods, or</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2007/3/section/331C/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/331C/b/ii" id="section-331C-b-ii"><Pnumber><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-99a9cb9a2155fe0bcb110a64afa51bb4-1776782491571" CommentaryRef="key-99a9cb9a2155fe0bcb110a64afa51bb4">the generation, transmission, distribution, supply, wholesale trade or cross-border exchange of electricity.</Addition></Text></P4para></P4></P3para></P3></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="key-99a9cb9a2155fe0bcb110a64afa51bb4" Type="F"><Para><Text>S. 331C inserted (6.4.2026) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2026/11" id="c5v1mtsh6-00016" Class="UnitedKingdomPublicGeneralAct" Year="2026" Number="11" Title="Finance Act 2026">Finance Act 2026 (c. 11)</Citation>, <CitationSubRef CitationRef="c5v1mtsh6-00016" id="c5v1mtsh6-00017" SectionRef="section-15-8" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/section/15/8" Operative="true">s. 15(8)</CitationSubRef><CitationSubRef CitationRef="c5v1mtsh6-00016" id="c5v1mtsh6-00018" SectionRef="section-15-9" URI="http://www.legislation.gov.uk/id/ukpga/2026/11/section/15/9">(9)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>