Finance Act 2022
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Change 1
65 Interpretation
(1) In this Part— “accounting period”— in relation to a company within the charge to corporation tax, is to be read in accordance with Chapter 2 of Part 2 of CTA 2009, and in relation to any other person, means a period for which the person’s accounts are drawn up; “appropriate collection authority” has the meaning given by section 53(3) (subject to section 58(7)); “company” has the meaning given by section 1121(1) of CTA 2010; “economic crime (anti-money laundering) levy” has the meaning given in section 53; “generally accepted accounting practice” has the meaning given by section 1127(1) and (3) of CTA 2010; “HMRC Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs; “the levy” means the economic crime (anti-money laundering) levy (see section 53(1)); “Money Laundering Regulations” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (as amended from time to time); “non-UK resident person” means a person who is not resident in the United Kingdom; “regulated business” means a business carried on by a person by virtue of being a relevant person within the meaning of regulation 8(1) of the Money Laundering Regulations; “relevant accounting period” is to be read in accordance with section 56; “revenue” has the meaning given in section 57(7); “supervisory authority” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations); “tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal; “turnover” means the amounts derived from the provision of goods and services after deduction of trade discounts, value added tax and any other taxes (other than the levy) based on the amounts so derived; “UK resident person” means a person who is resident in the United Kingdom. (2) For the purposes of this Part— (a) the territory in which a company is resident is to be determined as for corporation tax purposes, and (b) the territory in which a partnership is resident is the territory in which the control and management of the activities of the partnership take place.
65 Interpretation
(1) In this Part— “accounting period”— in relation to a company within the charge to corporation tax, is to be read in accordance with Chapter 2 of Part 2 of CTA 2009, and in relation to any other person, means a period for which the person’s accounts are drawn up; “appropriate collection authority” has the meaning given by section 53(3) (subject to section 58(7)); “company” has the meaning given by section 1121(1) of CTA 2010; “economic crime (anti-money laundering) levy” has the meaning given in section 53; “generally accepted accounting practice” has the meaning given by section 1127(1) and (3) of CTA 2010; “HMRC Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs; “the levy” means the economic crime (anti-money laundering) levy (see section 53(1)); “Money Laundering Regulations” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (as amended from time to time); “non-UK resident person” means a person who is not resident in the United Kingdom; “regulated business” means a business carried on by a person by virtue of being a relevant person within the meaning of regulation 8(1) of the Money Laundering Regulations; “relevant accounting period” is to be read in accordance with section 56; “revenue” has the meaning given in section 57(7); “supervisory authority” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations); “tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal; “turnover” means the amounts derived from the provision of goods and services after deduction of trade discounts, value added tax and any other taxes (other than the levy) based on the amounts so derived; “UK resident person” means a person who is resident in the United Kingdom. (2) For the purposes of this Part— (a) the territory in which a company is resident is to be determined as for corporation tax purposes, and (b) the territory in which a partnership is resident is the territory in which the control and management of the activities of the partnership take place.
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