Taxation in the United Kingdom/Definitions/Company

Company is defined for the purposes of the Income and Corporation Taxes Act 1988 by Section 832 of ICTA as:

  • any body corporate or unincorporated association but does not include a partnership, a local authority or a local authority association

However, this definition is subject to Section 468 of ICTA and does not apply to the following provisions of ICTA:

  1. Chapter 1 of Part XVII (Cancellation of tax advantages from certain transactions in securities)
  2. Sections 774 to 777
  3. Section 839 (Connected persons)
  4. Paragraph 15 of Schedule 3 (which has now been repealed)

Nor does it apply where the context requires otherwise because some other definition of "company" applies.