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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/4/section/708/2009-04-01</dc:identifier><dc:title>Corporation Tax Act 2009</dc:title><dc:description>An Act to restate, with minor changes, certain enactments relating to corporation 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>2026-04-18</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2009-04-01</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/2009/4/section/708/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2009/4/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/2009/4/contents/2009-04-01" title="Table of Contents"/>
					
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AffectedNumber="4"><ukm:AffectedTitle>Corporation Tax Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:SectionRange Start="section-1106-4A" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1106/4A" FoundStart="section-1106" End="section-1106-4C" UpTo="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1106/4C" FoundEnd="section-1106" MissingEnd="true"><ukm:Section Ref="section-1106-4A" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1106/4A" FoundRef="section-1106">s. 1106(4A)</ukm:Section>-<ukm:Section Ref="section-1106-4C" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1106/4C" FoundRef="section-1106">(4C)</ukm:Section></ukm:SectionRange></ukm:AffectedProvisions><ukm:AffectingTitle>Finance Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/14/schedule/3">Sch. 3 </ukm:Section><ukm:Section Ref="schedule-3-paragraph-14-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/14/schedule/3/paragraph/14/3">para. 14(3)</ukm:Section></ukm:AffectingProvisions><ukm:InForceDates><ukm:InForce Date="2012-07-17" Qualification="with effect in accordance with" OtherQualification="Sch. 3 para. 40"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/ukpga/2016/24" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2025-10-17T10:15:32Z" Type="inserted" URI="http://www.legislation.gov.uk/id/effect/key-76526a0fe06df518af51173ba836c9a2" EffectId="key-76526a0fe06df518af51173ba836c9a2" RequiresApplied="false" AffectedProvisions="s. 322(2A)(zb)" AffectingYear="2016" AffectedNumber="4" AffectingNumber="24" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2009" AffectingEffectsExtent="E+W+S+N.I." 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S. 1058B was omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 6(13), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2" Row="1757"><ukm:AffectedTitle>Corporation Tax Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-1058B-5-ea" URI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/1058B/5/ea" FoundRef="section-1058B">s. 1058B(5)(ea)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Neonatal Care (Leave and Pay) Act 2023</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule" URI="http://www.legislation.gov.uk/id/ukpga/2023/20/schedule">Sch. </ukm:Section><ukm:Section Ref="schedule-paragraph-57" URI="http://www.legislation.gov.uk/id/ukpga/2023/20/schedule/paragraph/57">para. 57</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-3-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/20/section/3/3">s. 3(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2025/41" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2025-01-17" Qualification="wholly in force" CommencingYear="2025" CommencingNumber="41"><ukm:CommencingProvisions><ukm:Section Ref="regulation-2" URI="http://www.legislation.gov.uk/id/uksi/2025/41/regulation/2">reg. 2</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
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          <Strong>Part 7</Strong>
        </Number><Title>Derivative contracts</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/part/7/chapter/13/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/part/7/chapter/13" NumberOfProvisions="10" RestrictEndDate="2009-07-21" id="part-7-chapter-13" RestrictStartDate="2009-04-01"><Number>Chapter 13</Number><Title>General and supplementary provisions</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/part/7/chapter/13/crossheading/other-general-definitions/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/part/7/chapter/13/crossheading/other-general-definitions" NumberOfProvisions="9" RestrictEndDate="2009-07-21" id="part-7-chapter-13-crossheading-other-general-definitions" RestrictStartDate="2009-04-01"><Title><Emphasis>Other general definitions</Emphasis></Title><P1group RestrictStartDate="2009-04-01"><Title>“Plain vanilla contract”</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/section/708/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/708" id="section-708"><Pnumber PuncAfter="">708</Pnumber><P1para><Text>In this Part  “<Term id="term-plain-vanilla-contract">plain vanilla contract</Term>” means a relevant contract other than one to which a company is treated as being a party under—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/section/708/a/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/708/a" id="section-708-a"><Pnumber>a</Pnumber><P3para><Text>section 584 (hybrid derivatives with embedded derivatives),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/section/708/b/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/708/b" id="section-708-b"><Pnumber>b</Pnumber><P3para><Text>section 585 (loan relationships with embedded derivatives), or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/4/section/708/c/2009-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/4/section/708/c" id="section-708-c"><Pnumber>c</Pnumber><P3para><Text>section 586 (other contracts with embedded derivatives).</Text></P3para></P3></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary></Legislation>