Commentary

D1.201A Local authorities and public service bodies

Corporate tax
Corporate tax | Commentary

D1.201A Local authorities and public service bodies

Corporate tax | Commentary

D1.201A Local authorities and public service bodies

Local authorities and local authority associations are specifically excluded from the definition of 'company' for the purposes of the Tax Acts1. A local authority in the UK is exempt from all charge to income tax in respect of its income, and from corporation tax and capital gains tax, and this exemption extends to local authority associations2.

The following authorities come within the definition of a local authority in England and Wales3:

  1.  

    (a)     a billing authority or a precepting authority for the purposes of the Local Government Finance Act 1992;

  2.  

    (b)     a body having power

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