{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-17",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-17.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/17",
  "kind": "schedule",
  "number": "17",
  "heading": "Index of expressions defined or explained in Parts 3 and 4",
  "text": "Term\nProvision defining or explaining it\nacceptable accounting standards\nsection 250(1)\nacceptable overseas GAAP\nsection 250(3)\naccounting currency\nsection 144(5)\naccounting purposes\nsection 259\nadditional top-up amount\nsections 203 and 206\nadjusted profits\nsection 133\nauthorised accounting standard\nsection 249(3)\ncarrying value\nsection 259\nCFC entity\nsection 179(4)\nCFS currency\nsection 254(1)\ncombined covered tax balance\nsection 132\ncompany\nsection 259\nconnected\nsection 258\nconsolidated group\nsection 126(2)\ncontrolled foreign company tax regime\nsection 179(4)\ncontrolling interest\nsection 242(4)\ncountry-by-country report\nsection 251A\ncovered bond vehicle\nsection 272A(5)\ncovered tax balance (and positive covered tax balance and negative covered tax balance)\nsection 174\ncovered taxes\nsection 173\ncurrent tax\nsection 259\ndeferred tax\nsection 259\ndeferred tax expense\nsection 259\ndeferred tax asset\nsection 259\ndeferred tax liability\nsection 259\ndirect ownership interest\nsection 242(1)\ndisqualified refundable imputation tax\nsection 253(1)\ndomestic entity purposes (in Part 4)\nsection 273(1)\ndomestic purposes (in Part 4)\nsection 272(1)\ndomestic top-up tax\nsection 265\nDTT excluded entity (in Part 4)\nsection 267\neligible distribution tax system\nsection 189(3)\neligible payroll costs\nsection 196\neligible tangible asset amount\nsection 197\nentity\nsection 231\nexcluded dividends\nsection 141(2)\nexcluded entity\nsection 127\nexcluded equity gain or loss\nsection 142(2)\nfair value\nsection 259\nfiling member\nparagraph 2 of Schedule 14\nflow-through entity\nsection 168(2)\ngeneral partner (in Schedule 14)\nparagraph 3(3) of Schedule 14\ngovernmental entity\nsection 234(1)\ngroup (in Part 4)\nsection 266(9)\nheld for sale\nsection 259\nHMRC\nsection 259\nimpairment\nsection 259\nindirect ownership interest\nsection 242(3)\ninformation return\nparagraph 10(2) of Schedule 14\ninternational accounting standards\nsection 259\ninternational financial reporting standards\nsection 259\ninvestment entity\nsection 236(3)\ninvestment fund\nsection 236(1)\njoint venture group\nsection 226(1)\njoint venture parent\nsection 226(2)\njoint venture subsidiary\nsection 226(3)\nlimited partnership (in Schedule 14)\nparagraph 3(3) of Schedule 14\nlocation (of an entity)\nsection 239\nmain entity (in relation to a permanent establishment)\nsection 232\nmaterial competitive distortions\nsection 249(4) and (5)\nmerger\nsection 130(5)\nminority owned member\nsection 228(1)\nminority subgroup\nsection 228(2)\nmobile income\nsection 178(3)\nmultinational group\nsection 126\nmultinational top-up tax\nsection 121\nmulti-parent group\nsection 229\nOECD tax model\nsection 259\nother comprehensive income\nsection 143(3)\nownership interest\nsection 242(1)\noverseas REIT equivalent\nsection 259\npartnership\nsection 259(1)\npension fund\nsection 235(1)\npension services entity\nsection 235(2)\npermanent establishment\nsection 232\nPillar Two rules\nsection 255\nPillar Two territory\nsection 241\nproperty, plant and equipment\nsection 143(3)\nprotected cell company (and “part”, “cell” and “core”)\nsection 233\nQDT credit\nsection 194(3)\nqualified refundable imputation tax\nsection 253(2)\nqualifying (in relation to a multinational group)\nsection 129\nqualifying (in relation to a refundable tax credit)\nsection 148\nqualifying authority\nparagraph 10(5) of Schedule 14\nqualifying current tax expense\nsection 174(5)\nqualifying de-merger\nsection 131(2)\nqualifying domestic top-up tax\nsection 256\nqualifying entity (in Part 4)\nsection 266\nqualifying financial statements (in Part 4)\nsection 266(10)\nqualifying member (in Chapter 9A of Part 3)\nqualifying reorganisation\nsection 212\nqualifying tier one capital\nsection 155(3)\nqualifying undertaxed profits tax\nsection 257\nrefundable tax credit\nsection 148\nrecapture amount\nsection 190(4)\nregistered group\nparagraph 6(7) of Schedule 14\nresponsible member\nsection 128\nsecuritisation company\nsection 267(4)\nspecial loss deferred tax asset\nsection 187(3)\nstandard member\nsection 132(3)(a) (but see also section 228)\nstateless entity\nsection 239\nsubject to Pillar Two IIR tax\nsection 128(7)\nsubstance based income exclusion\nsection 195\ntax currency\nsection 144(5)\ntax equity partnership arrangement\nsection 176D(5)\ntax expense\nsection 259\ntax expense amount\nsection 138(2)\ntax transparent (in relation to an entity)\nsection 238\ntaxable income\nsection 144(5)\nthird currency\nsection 144(5)\ntotal deferred tax adjustment amount\nsection 182\ntransitional safe harbour election\nsection 255(6)\nunderlying profits\nsection 134\nunderlying profits accounts\nsection 136\nUK GAAP\nsection 250(2)\nUK REIT\nsection 259\nultimate parent\nsection 126\nuncertain tax position\nsection 259",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 17 Table inserted (with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 18(5)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 17 Table inserted (with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 17 Table inserted (with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 2(7)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in Sch. 17 Table substituted (with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(a)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Word in Sch. 17 Table substituted (with effect for accounting periods beginning on or after 31.12.2023 in accordance with Sch. 12 para. 1(2) of the amending Act) by Finance Act 2024 (c. 3), Sch. 12 para. 58(4)(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 17 Table inserted (in relation to accounting periods commencing on or after 31.12.2024) by Finance Act 2025 (c. 8), Sch. 4 paras. 9(1), 10"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 17 Table inserted (in relation to accounting periods commencing on or after 31.12.2023) by Finance Act 2025 (c. 8), Sch. 4 paras. 47(5), 72(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/30/schedule/17",
    "retrieved_at": "2026-10-29T08:52:11.242356+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."
}