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A person who has a share or interest in the capital or income of a company such as a director or shareholder.

See 'director's loan'.

Payment Date

See 'due date'.

Permanent Establishment

A company that is not resident in the UK but carries on trade in the UK from a fixed place of business (a permanent establishment) is liable for Corporation Tax on that activity.

Postponement Application

If you're appealing against a Corporation Tax assessment or amendment, you can ask HMRC for all or part of your payment to be postponed until your appeal is settled by making a postponement application.


See 'taxable profit' and 'taxable income'.

Profits Chargeable to Corporation Tax

See 'taxable profit'.