{
  "url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-6",
  "json_url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012/regulation-6.json",
  "legislation": "uksi/2012/764",
  "legislation_title": "The Postal Services Act 2011 (Taxation) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/postal-services-act-2011-taxation-regulations-2012",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Exemption from corporation tax",
  "text": "(1) BCL is exempt from corporation tax for any accounting period in which it is wholly owned by the Crown within the meaning of sections 14 and 15(1) of the Act.\n(1A) Where BCL ceases to be wholly owned by the Crown otherwise than at the end of an accounting period—\n(a) the accounting period during which it ceases to be wholly owned by the Crown is treated for the purposes of corporation tax as ending when it so ceases; and\n(b) its profits and losses are to be computed accordingly for those purposes.\n(2) For the purposes of this regulation “BCL” means the private company limited by shares incorporated on 8th February 2012 with the registered number 07941521 and with the name BIS (Postal Services Act 2011) Company Limited.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 6(1) substituted (30.9.2016) by The Postal Services Act 2011 (Taxation) (Amendment) Regulations 2016 (S.I. 2016/881), regs. 1(1), 2(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 6(1A) inserted (30.9.2016) by The Postal Services Act 2011 (Taxation) (Amendment) Regulations 2016 (S.I. 2016/881), regs. 1(1), 2(3)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 6 in force at 1.4.2012, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/764/regulation/6",
    "retrieved_at": "2026-10-29T01:37:24.278620+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."
}