UK Act of Parliament 1981 c. 35 United Kingdom

Finance Act 1981

Read the Act on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Prosecution 1 of 5 obligations carry a fine up to £500. 4 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trader3 Any Person2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties
Any Person — also bound by 2340 other Acts

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

54 other provisions — procedural and definitional
s.001 Spirits, beer, wine, made-wine and cider. (opens in a new tab)
s.002 The repeal in section 6 of the Betting and Gaming... (opens in a new tab)
s.003 Matches and mechanical lighters. (opens in a new tab)
s.004 Increase on duty on hydrocarbon oil (opens in a new tab)
s.005 Energy for refineries etc. (opens in a new tab)
s.006 Repayment of hydrocarbon oil duty. (opens in a new tab)
s.007 Vehicles excise duty: Great Britain. (opens in a new tab)
s.008 Vehicles excise duty: Northern Ireland. (opens in a new tab)
s.009 Betting and gaming duties. (opens in a new tab)
s.010 Import and export procedures. (opens in a new tab)
s.011 Miscellaneous customs and excise amendments. (opens in a new tab)
s.038 Interest charged to capital. (opens in a new tab)
s.078 (1) . . . . . . . . .... (opens in a new tab)
s.079 Emigration of donee. (opens in a new tab)
s.080 Gains of non-resident settlements. (opens in a new tab)
s.080 Gains of dual-resident settlements.
s.081 Migrant settlements. (opens in a new tab)
s.082 Transfers between settlements. (opens in a new tab)
s.082 Payments by and to companies.
s.083 Provisions supplementary to sections 80 to 82. (opens in a new tab)
s.084 Power to obtain information for purposes of sections 80 to 82. (opens in a new tab)
s.085 Non-resident trustees and non-resident companies. (opens in a new tab)
s.086 Transfers into settlement. (opens in a new tab)
s.087 Appointments to persons under disability. (opens in a new tab)
s.088 Disposal of interests in non-resident settlements. (opens in a new tab)
s.089 Trusts for the disabled. (opens in a new tab)
s.090 Market value. (opens in a new tab)
s.091 Consideration on reorganisation of share capital etc. (opens in a new tab)
s.096 (1) . . . . . . . . .... (opens in a new tab)
s.107 Sale of houses at discount by local authorities etc. (opens in a new tab)
s.108 Shared ownership transactions. (opens in a new tab)
s.110 Pooled pension funds. (opens in a new tab)
s.111 Restriction of expenditure supplement. (opens in a new tab)
s.112 Restriction of expenditure supplement: transfers of interest. (opens in a new tab)
s.113 Restriction of expenditure supplement: loss following net profit period. (opens in a new tab)
s.114 Restriction of limit on amount of tax payable. (opens in a new tab)
s.115 Contracts with deferred payment. (opens in a new tab)
s.116 Spreading of capital expenditure. (opens in a new tab)
s.117 Spreading of capital expenditure: transitional provisions. (opens in a new tab)
s.118 Licence payments other than royalties. (opens in a new tab)
s.119 Transportation costs for off-shore oil. (opens in a new tab)
s.121 Gas banking schemes. (opens in a new tab)
s.122 Charge of supplementary petroleum duty. (opens in a new tab)
s.123 Increase of gross profit by reference to royalties in kind. (opens in a new tab)
s.124 Reduction of gross profit by reference to exempt allowance. (opens in a new tab)
s.125 Repayment of duty in case of field showing loss on cessation. (opens in a new tab)
s.126 Deduction of duty in computing assessable profit or allowable loss for petroleum revenue tax. (opens in a new tab)
s.127 Deduction of duty in computing income for corporation tax. (opens in a new tab)
s.128 Supplementary Provisions. (opens in a new tab)
s.134 Special tax on banking deposits. (opens in a new tab)
s.135 Chevening Estate. (opens in a new tab)
s.136 Exchange control. (opens in a new tab)
s.137 Irish land Acts. (opens in a new tab)
s.139 Short title, interpretation, construction and repeals. (opens in a new tab)
Schedules

Schedules

5 of 78 shown
s.sch007 Entry outwards of goods. Regulated
  • Deliver an entry outwards to customs before exporting goodsAny Person
s.sch007 Acceptance of incomplete entry. Regulated
  • Deliver missing export entry particulars or a corrected entry when allowedTrader
s.sch007 Correction and cancellation of entry. Prosecution
  • Fail to provide documents after cancelling export entryAny Person

Fine up to £500

s.sch007 Failure to export. Regulated
  • Comply with HMRC directions and provide documents if export entry is cancelledTrader
s.sch007 Provisions supplementary to ss. 58 and 58A. Regulated
  • Deliver export specification for goods shipped under simplified clearanceTrader
73 other schedules
s.sch006 After the section inserted by paragraph 3 above there shall...
s.sch006 In section 40(1) for paragraph (b) there shall be substituted—...
s.sch006 At the end of section 41 there shall be inserted...
s.sch006 (1) Section 43 shall be amended as follows.
s.sch006 In section 119(1) after the words “for home use” there...
s.sch006 In section 128(1) and (2) (power to restrict delivery of...
s.sch007 (1) Section 31 shall be amended as follows.
s.sch007 (1) Section 52 shall be amended as follows.
s.sch007 In section 59(1) for the words “whether under section 53...
s.sch007 (1) Section 61 shall be amended as follows.
s.sch007 In section 66(2) for the words “a penalty of £100”...
s.sch007 Delivery of entry by owner of exporting ship etc.
s.sch007 Simplified clearance procedure.
s.sch007 Local export control.
s.sch007 Pipe-lines and export of ships and aircraft.
s.sch007 Operative date for Community purposes.
s.sch007 Authentication of Community customs documents.
s.sch008 (1) In the definition of “revenue trader” in subsection (1)...
s.sch008 After subsection (3) of section 2 there shall be inserted—...
s.sch008 For the definitions of “wholesale” and “wholesaler” in section 4(1)...
s.sch008 In section 13— (a) after subsection (1) there shall be...
s.sch008 In section 14(2) for the words “8.8 degrees” in both...
s.sch008 In section 15— (a) for subsection (2) there shall be...
s.sch008 In section 19— (a) after subsection (1) there shall be...
s.sch008 In section 22 after subsection (3) there shall be inserted—...
s.sch008 In section 24— (a) at the beginning of subsection (1)...
s.sch008 Sections 27 to 30 shall cease to have effect.
s.sch008 In section 32(1) the words from “and” onwards shall cease...
s.sch008 In section 93— (a) in paragraph (a) of subsection (2)...
s.sch008 Sections 65, 68, 70 and 85 to 89 shall cease...
s.sch008 At the beginning of section 69(1) there shall be inserted...
s.sch008 Section 76 shall cease to have effect.
s.sch008 In section 77— (a) in subsection (1) in paragraph (d)...
s.sch008 In the definition of “intoxicating liquor” in section 201(1) of...
s.sch008 Section 94(2) shall cease to have effect.
s.sch008 In section 98— (a) at the end of subsection (1)...
s.sch008 Sections 105 and 106 shall cease to have effect.
s.sch008 In section 112— (a) in subsection (1) after the word...
s.sch008 In section 153 after subsection (3) there shall be inserted—...
s.sch016 The duty shall be under the care and management of...
s.sch016 (1) Every participator in an oil field shall, at the...
s.sch016 (1) Subject to sub-paragraphs (4) and (6) below, every participator...
s.sch016 Certificates of tax deposit issued by the Treasury under section...
s.sch016 (1) Duty charged in an assessment for a chargeable period...
s.sch016 In paragraph 5(2) and (4) of Schedule 3 to the...
s.sch016 (1) The provisions of the Taxes Managemen Act 1970 which...
s.sch016 The particulars contained in returns made under paragraph 2 or...
s.sch016 (1) Where it appears to the Board that, in accordance...
s.sch016 (1) Where a participator has under paragraph 2 of Schedule...
s.sch016 (1) Where it appears to the Board—
s.sch016 (1) A participator may appeal to the Special Commissioners against...
s.sch016 (1) A participator who has given notice of appeal under...
s.sch016 Subject to paragraphs 7 and 8 above, the duty charged...
s.sch017 (1) The base period for the purposes of section 134...
s.sch017 (1) If a person fails to deliver a return within...
s.sch017 (1) The tax chargeable in the case of any person...
s.sch017 (1) Any tax with which a person is chargeable may...
s.sch017 (1) Where it appears to the Board that the amount...
s.sch017 (1) An Appeal may be brought against an assessment to...
s.sch017 (1) Any tax with which a person is chargeable and...
s.sch017 (1) Where the Board are not satisfied that the information...
s.sch017 (1) Where a person fraudulently or negligently—
s.sch017 (1) The provisions of the Taxes Management Act 1970 specified...
s.sch017 For the purposes of the principal section and this Schedule...
s.sch017 (1) Subject to the following provisions of this paragraph, a...
s.sch017 (1) Where any amount of the chargeable deposits held by...
s.sch017 (1) The amount of chargeable deposits held by a deposit-taker...
s.sch017 Where a person was carrying on a banking business at...
s.sch017 The tax shall be under care and management of the...
s.sch017 (1) Every person who is chargeable with the tax shall...
s.sch017 (1) Every person who is chargeable with the tax shall...
s.sch019 The repeals of sections 115 and 116, and in section...
s.sch019 The repeal of section 51 of the Finance Act 1977...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.