{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-967",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-967.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/967",
  "kind": "section",
  "number": "967",
  "heading": "Deductions from payments received by UK resident companies",
  "text": "(1) Subsection (2) applies if a UK resident company receives a payment on which it bears income tax by deduction.\n(2) The income tax on the payment is to be set off against any corporation tax assessable on the company for the accounting period in which the payment falls to be taken into account for corporation tax, or would fall to be so taken into account but for any exemption from corporation tax.\n(3) Subsection (2) is subject to the provisions of the Corporation Tax Acts.\n(4) The reference in subsection (1) to a payment received by a company—\n(a) includes a reference to a payment received by another person on behalf of or in trust for the company, but\n(b) does not include a reference to a payment received by the company on behalf of or in trust for another person.\n(5) The reference in subsection (1) to a payment received by a company does not include a reference to a payment which is exempt from tax by virtue of any of the following—\nsection 472 (gifts qualifying for gift aid relief: charitable companies);\nsection 475 (gifts qualifying for gift aid relief: eligible bodies);\nsection 486 (investment income and non-trading profits from loan relationships);\nsection 487 (public revenue dividends);\nsection 488 (certain miscellaneous income);\nsection 489 (income from estates in administration);\nsection 664 (exemption for interest and gift aid income: community amateur sports clubs).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 967(5) inserted (with effect in accordance with Sch. 15 para. 17(2) of the amending Act) by Finance Act 2012 (c. 14), Sch. 15 para. 10(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 967(5) inserted (with effect in accordance with Sch. 15 para. 17(2) of the amending Act) by Finance Act 2012 (c. 14), Sch. 15 para. 10(3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 967, 968 excluded by 2007 c. 3, s. 917A(3) (as inserted (with effect in accordance with s. 41(2) of the amending Act) by Finance Act 2016 (c. 24), s. 41(1))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/967",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}