# Income and Corporation Taxes Act 1988, Paragraph 2: Qualifying companies

Extent: E+W+S+N.I.

This Schedule applies in relation to any company which—
(a) carries on a ring fence trade, or
(b) is engaged in oil and gas exploration and appraisal (see section 837B of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “qualifying company”.

---
Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/2 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-19B/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.