Introduction Details of the Section
2.The section amends section 156 of CTA 2010 which provides the definition of ‘arrangements’ for the purposes of the anti-avoidance rules in sections 154 and 155. These sections ensure, for example, that if there are arrangements providing a specific date on which a company can leave a group and come under the control of another that no group relief can flow.
3.Subsection (1)(b) inserts new sub-paragraph (ii) to section 156(2)(b). The paragraph extends the exclusion of what is not treated as arrangements to include conditions and requirements imposed by, or agreed with, Ministers or statutory bodies.
4.Subsection (1)(c) inserts new subsection (2A) which provides a definition of statutory body for the purposes of section 156(2).
5.Subsection (2) corrects the reference to section 154A in sections 154(3) and 155(3) to section 155A.
6.Subsection (3) provides that the changes made by the section are for accounting periods ending on or after 1 April 2013.