Section 50N: Interpretation
This section is inserted by Finance (Miscellaneous Provisions) Act, section 41.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
50N. Interpretation
For the purpose of this Sub-part –
“CCR” means Corporate Climate Responsibility;
“chargeable income” has the same meaning as in section 2
and in the case of an insurance company paying tax under
section 50(1A)(b), shall be the relevant profit as defined in subsection 50(1B);
“company” includes a société;
“turnover” means gross income, including any exempt income,
derived by a company from all its sources.
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Questions this section answers
- What does "turnover" mean for the Corporate Climate Responsibility levy?