[371VA Definitions]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Chapter 22
Supplementary Provision]

[371VA Ìý¶Ù±ð´Ú¾±²Ô¾±³Ù¾±´Ç²Ô²õ±Õ

[In this Part—

“accounting periodâ€, in relation to a CFC, is to be read in accordance with section 371VB,

“accounting profitsâ€, in relation to a CFC, is to be read in accordance with sections 371VC and 371VD,

“arrangement†includes—

(a)     any agreement, scheme, transaction or understanding (whether or not legally enforceable), and

(b)     a series of arrangements or a part of an arrangement,

“assumed taxable total profitsâ€, in relation to a CFC, is to be read in accordance with section 371SB(1) to (6),

“assumed total profitsâ€, in relation to a CFC, is to be read in accordance with section 371SB(9), subject to section 371DA(2),

“banking business†means the business of—

(a)     banking, deposit-taking, money-lending or debt-factoring, or

(b)     any activity similar to an activity falling within paragraph (a),

“C¹ó°äâ€

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