Corporation Tax Act 2010 (c. 4)

Part 8 U.K. Oil activities

Chapter 5 U.K. Ring fence expenditure supplement

Application and interpretation U.K.

308 Qualifying companies U.K.

(1) This Chapter applies in relation to any company which—

(a) carries on a ring fence trade, or

(b) is engaged in any activities with a view to carrying on a ring fence trade.

(2) In this Chapter such a company is referred to as a “qualifying company”.