Statute code
United Kingdom CTA sections
Seeded section records for United Kingdom CTA.
Country
United Kingdom
Code
CTA
Sections
2
Section 2
Corporation Tax Act 2009 s.2 - Charge to corporation tax
Corporation Tax Act 2009 section 2 charges corporation tax on UK-resident companies on worldwide profits, and on non-UK-resident companies on UK-source trading profits attributable to a UK permanent establishment. Main rate is 25 percent for profits above 250,000 GBP; small profits rate 19 percent for profits below 50,000 GBP; marginal relief in between.
Section 439
Corporation Tax Act 2010 s.439 - Close company definition
Corporation Tax Act 2010 section 439 defines a close company as a company under the control of five or fewer participators, or any number of participators who are also directors. Close-company status triggers a range of consequences including the loans-to-participators rules under CTA 2010 section 455.
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.