Section 688 Interpretation

United Kingdom

(1)

In this Chapter—

“company” means any entity listed as a company in F1Part A of Annex I to the Mergers Directive, and
“co-operative society” means a society registered under F2the Co-operative and Community Benefit Societies Act 2014 or a similar society governed by the law of a member State F3....

(2)

For the purposes of this Chapter, a company is resident in a F4relevant state if—

(a)

it is within a charge to tax under the law of the F5relevant state as being resident for that purpose, and

(b)

it is not regarded, for the purpose of any double taxation relief arrangements to which the relevant state is a party, as resident in a territory not within a relevant state.

Annotations

Textual amendments

F1: Words in s. 688(1) substituted (1.7.2011) by The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431), regs. 1(2), 4(5)
F2: Words in Act substituted (1.8.2014) by virtue of Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 142 (with Sch. 5)
F3: Words in s. 688(1) omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(16)(a) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)
F4: Words in s. 688(2) substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(16)(b)(i) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)
F5: Words in s. 688(2) substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(16)(b)(ii) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)

Notes on Part 7

Modifications

C1: Pt. 7 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
C2: Pt. 7 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
C3: Pt. 7 modified by 2007 c. 3, s. 809FZZ(8) (as inserted (with effect in accordance with s. 37(4) of the amending Act) by Finance Act 2016 (c. 24), s. 37(2))
C4: Pt. 7 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(6) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)