Finance Act 2003 (c. 14)

SCHEDULES

[F1 SCHEDULE 9A U.K. Increased rates for non-resident transactions

Textual Amendments

F1 Sch. 9A inserted (with effect in accordance with Sch. 16 para. 6 of the amending Act) by Finance Act 2021 (c. 26), Sch. 16 para. 5

PART 4 U.K. “Non-resident” in relation to a chargeable transaction: companies

Meaning of “close company” U.K.

8 (1) For the purposes of this Schedule, a company is a “close company” if it is a close company within the meaning given by Chapter 2 of Part 10 of CTA 2010 (basic definitions), applying that Chapter subject to the following modifications.

(2) Section 444 (companies involved with close companies) applies as if condition A in that section were omitted.

(3) Section 446 (particular types of quoted company not treated as close) is treated as omitted.]