Commentary

D1.103 The Corporation Tax Acts

Corporate tax
Corporate tax | Commentary

D1.103 The Corporation Tax Acts

Corporate tax | Commentary

D1.103 The Corporation Tax Acts

Background

Before the introduction of Corporation Tax Act 2009, Corporation Tax Act 2010 and Taxation (International and Other Provisions) Act 2010 (see below), the corporation tax system was not a self-contained piece of legislation but was woven within the fabric of the income tax legislation. The part of the legislation which relates to the taxation of the income and chargeable gains of companies and of company distributions (including provisions which relate also to income tax) is known as the Corporation Tax Acts1.

Current legislation

The Corporation Tax Act 2009 (CTA 2009), Corporation Tax Act 2010 (CTA 2010) and Taxation (International and Other Provisions) Act 2010 (TIOPA 2010) were the sixth, seventh and eighth pieces of rewritten legislation respectively to be produced by the Tax Law Rewrite (TLR) project. The five preceding pieces were the Capital Allowances Act 2001, the Income Tax (Earnings and Pensions) Act 2003, the Income Tax (PAYE) Regulations 20032, the Income Tax (Trading and Other Income) Act 2005 and the Income Tax Act 2007.

The main purpose of these acts was to rewrite the charge to corporation tax and the primary corporation tax legislation used by companies in computing their income. They do not generally change the meaning of the law

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