{
  "url": "https://openlegislation.uk/national-insurance-contributions-act-2014/schedule-1/paragraph-5",
  "json_url": "https://openlegislation.uk/national-insurance-contributions-act-2014/schedule-1/paragraph-5.json",
  "legislation": "ukpga/2014/7",
  "legislation_title": "National Insurance Contributions Act 2014",
  "legislation_url": "https://openlegislation.uk/national-insurance-contributions-act-2014",
  "path": "schedule/1/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) A company (“A”) is not under the control of another company (“B”) for the purposes of paragraph 2(1) if—\n(a) B is a loan creditor of A,\n(b) there is no other connection between A and B, and\n(c) either—\n(i) B is not a close company, or\n(ii) B's relationship to A as a loan creditor arose in the ordinary course of a business which B carries on.\n(2) Sub-paragraph (3) applies if—\n(a) two companies (“A” and “B”) are under the control of the same person who is a loan creditor of each of them,\n(b) there is no other connection between A and B, and\n(c) either—\n(i) the loan creditor is a company which is not a close company, or\n(ii) the loan creditor's relationship to each of A and B as a loan creditor arose in the ordinary course of a business which the loan creditor carries on.\n(3) In determining under paragraph 2(1) if A and B are connected with one another, rights which the loan creditor has as a loan creditor of A, or as a loan creditor of B, are ignored.\n(4) In sub-paragraph (2)(a) “control” has the same meaning as in paragraph 2(1).\n(5) In this paragraph—\n(a) “close company” is to be read in accordance with Chapter 2 of Part 10 of CTA 2010 (see, in particular, section 439 of that Act),\n(b) “connection” includes a connection in the past as well as a connection in the present and references to a connection between two companies include any dealings between them, and\n(c) references to a loan creditor of a company are to be read in accordance with section 453 of CTA 2010.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/7/schedule/1/paragraph/5",
    "retrieved_at": "2026-10-29T09:07:47.990329+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."
}