| Guvnor

Enforced by: HMRC
Status: Partially Repealed
Penalty ceiling: Prosecution 1 of 49 obligations carry an unlimited fine. 48 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Employer18 Trader14 Any Person6 Financial Services Firm2 Trustee2 Director or Officer2 Operator1 Applicant1

Plus 3 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

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

Employer — also bound by 682 other Acts

The Income Tax (Pay As You Earn) Regulations 2003 241 duties

Provision and Use of Work Equipment Regulations 1998 120 duties

TULRCA 1992 72 duties

Income Tax (Earnings and Pensions) Act 2003 54 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 53 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

Trustee — also bound by 104 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 40 duties

Charities Act 2011 27 duties

Charities Act (Northern Ireland) 2008 22 duties

Insolvency (England and Wales) Rules 2016 21 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Operator — also bound by 746 other Acts

Regulation (EU) No 965/2012 (Air Operations) 203 duties

Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (Text with EEA relevance) 121 duties

Commission Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 112 duties

Space Industry Regulations 2021 76 duties

Regulation (EU) 2016/429 of the European Parliament and of the Council of 9 March 2016 on transmissible animal diseases and amending and repealing certain acts in the area of animal health (‘Animal Health Law’) (Text with EEA relevance) 66 duties

Applicant — also bound by 307 other Acts

Insolvency (England and Wales) Rules 2016 46 duties

Human Medicines Regulations 2012 42 duties

The Land Registration Rules 2003 25 duties

Regulation (EU) No 1178/2011 (Aircrew) 20 duties

Value Added Tax Regulations 1995 18 duties

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.

Part 1

THE CHARGE TO TAX

0 of 28 sections shown

28 other sections in this Part — procedural and definitional

s.001 The charge to income tax.

s.001 Application of lower rate to income from savings and distributions.

s.001 Rates of tax applicable to distribution income etc.

s.002 Fractions of a pound, and yearly assessments.

s.003 Certain income charged at basic rate.

s.004 Construction of references in Income Tax Acts to deduction of tax.

s.005 Date for payment.

s.006 The charge to corporation tax and exclusion of income tax and capital gains tax.

s.007 Treatment of certain payments and repayment of income tax.

s.008 General scheme of corporation tax.

s.008 Resolutions to reduce corporation tax.

s.009 Computation of income: application of income tax principles.

s.010 Time for payment of tax.

s.011 Companies not resident in United Kingdom.

s.011 Determination of profits attributable to permanent establishment

s.012 Basis of, and periods for, assessment.

s.013 Small companies’ relief.

s.013 Close investment-holding companies.

s.013 Corporation tax starting rate.

s.013 The non-corporate distribution rate

s.013 Interpretation of section 13(7)

s.014 Advance corporation tax and qualifying distributions.

s.015 Schedule A.

s.016 Schedule B.

s.017 Schedule C.

s.018 Schedule D.

s.019 Schedule E.

s.020 Schedule F.

Part 2

PROVISIONS RELATING TO THE SCHEDULE A CHARGE

0 of 42 sections shown

42 other sections in this Part — procedural and definitional

s.021 Persons chargeable and basis of assessment.

s.021 Computation of amount chargeable.

s.021 Application of other rules applicable to Case I of Schedule D.

s.021 The Schedule A charge and mutual business.

s.022 Assessments.

s.023 Collection from lessees and agents.

s.024 Construction of Part II.

s.025 Deductions from rent: general rules.

s.026 Deductions from rent: land managed as one estate.

s.027 Deductions from rent: maintenance funds for historic buildings.

s.028 Deductions from receipts other than rent.

s.029 Sporting rights.

s.030 Expenditure on making sea walls.

s.031 Provisions supplementary to sections 25 to 30.

s.031 Deductions for expenditure by landlords on energy-saving items

s.031 Provisions supplementary to section 31A

s.031 Deduction for expenditure on energy-saving items

s.031 Restrictions on relief

s.031 Regulations

s.032 Capital allowances for machinery and plant used in estate management.

s.033 Agricultural land: allowance for excess expenditure on maintenance.

s.033 Rents or receipts payable by a connected person.

s.033 Rents or receipts relating to land in respect of which a connected person makes payments to a third party.

s.034 Treatment of premiums, etc. as rent.

s.035 Charge on assignment of lease granted at an undervalue.

s.036 Charge on sale of land with right to reconveyance.

s.037 Premiums paid etc: deductions from premiums and rent received.

s.037 Section 37(4) and reductions in receipts under ITTOIA 2005

s.038 Rules for ascertaining duration of leases.

s.039 Saving for pre-1963 leases, and special relief for individuals.

s.040 Tax treatment of receipts and outgoings on sale of land.

s.041 Relief for rent etc. not paid.

s.042 Appeals against determinations under . . . Chapter 4 of Part 3 of ITTOIA 2005.

s.042 Non-residents and their representatives.

s.043 Non-residents.

s.043 Finance agreement: interpretation.

s.043 Transfer of rent.

s.043 Transfer of rent: exceptions, &c.

s.043 Interposed lease.

s.043 Interposed lease: exceptions, &c.

s.043 Insurance business.

s.043 Interpretation.

Part 3

GOVERNMENT SECURITIES

0 of 12 sections shown

12 other sections in this Part — procedural and definitional

s.044 Income tax: mode of charge.

s.045 Interpretation of Part III.

s.046 Savings certificates and tax reserve certificates.

s.047 United Kingdom government securities held by non-residents.

s.048 Securities of foreign states.

s.049 Stock and dividends in name of Treasury etc.

s.050 United Kingdom securities: Treasury directions for payment without deduction of tax.

s.051 Treasury directions as respects Northern Ireland securities.

s.051 Gilt-edged securities held under authorised arrangements.

s.051 Commencement of direction under section 50 or 51.

s.051 Periodic accounting for tax on interest on gilt-edged securities.

s.052 Taxation of interest on converted government securities and interest which becomes subject to deduction.

Part 4

PROVISIONS RELATING TO THE SCHEDULE D CHARGE

62 of 157 sections shown

s.100 Valuation of trading stock at discontinuance of trade.

amended 18 times (opens in a new tab)

s.101 Valuation of work in progress at discontinuance of profession or vocation.

amended 12 times (opens in a new tab)

s.102 Provisions supplementary to sections 100 and 101.

amended 10 times (opens in a new tab)

s.103 Receipts after discontinuance: earnings basis charge and related charge affecting conventional basis.

amended 22 times (opens in a new tab)

s.104 Conventional basis: general charge on receipts after discontinuance . . . .

amended 14 times (opens in a new tab)

s.105 Allowable deductions.

amended 10 times (opens in a new tab)

s.106 Application of charges where rights to payments transferred.

amended 6 times (opens in a new tab)

s.107 Treatment of receipts as earned income.

amended 2 times (opens in a new tab)

s.108 Election for carry-back.

amended 3 times (opens in a new tab)

s.109 Charge under section 104: relief for individuals born before 6th April 1917.

amended 2 times (opens in a new tab)

s.109 Relief for post-cessation expenditure.

amended 2 times

s.110 Interpretation etc.

amended 7 times (opens in a new tab)

s.110 Change of residence.

amended 7 times

s.111 Treatment of partnerships.

amended 12 times (opens in a new tab)

s.112 Partnerships controlled abroad.

amended 7 times (opens in a new tab)

s.113 Effect, for income tax, of change in ownership of trade, profession or vocation.

amended 7 times (opens in a new tab)

s.114 Special rules for computing profits and losses.

amended 8 times (opens in a new tab)

s.115 Provisions supplementary to section 114.

amended 8 times (opens in a new tab)

s.116 Arrangements for transferring relief.

amended 7 times (opens in a new tab)

s.117 Restriction on relief: individuals.

amended 21 times (opens in a new tab)

s.118 Restriction on relief: companies.

amended 17 times (opens in a new tab)

s.118 Definitions.

amended 17 times

s.118 Paying agents.

amended 17 times

s.118 Collecting agents.

amended 17 times

s.118 Chargeable payments and chargeable receipts.

amended 17 times

s.118 Deduction of tax from chargeable payments and chargeable receipts.

amended 17 times

s.118 Accounting for tax on chargeable payments and chargeable receipts.

amended 17 times

s.118 Relevant securities of eligible persons.

amended 17 times

s.118 Relevant securities of eligible persons: administration.

amended 17 times

s.118 Deduction of tax at reduced rate.

amended 17 times

s.118 Prevention of double accounting.

amended 17 times

s.118 Regulations.

amended 17 times

s.118 Treatment of limited liability partnerships.

amended 17 times

s.118 Restriction on relief: companies

amended 17 times

s.118 Member’s contribution to trade.

amended 17 times

s.118 Carry forward of unrelieved losses.

amended 17 times

s.118 Restriction on relief for non-active partners

amended 17 times

s.118 Meaning of “the aggregate amount”

amended 17 times

s.118 “The individual’s contribution to the trade”

amended 17 times

s.118 “A significant amount of time”

amended 17 times

s.118 Carry forward of unrelieved losses of non-active partners

amended 17 times

s.118 Transitional provision for years after the first restricted year

amended 17 times

s.118 Partnerships exploiting films

amended 17 times

s.118 Partnerships exploiting films: supplementary

amended 17 times

s.118 Partners: meaning of “contribution to the trade”

amended 17 times

s.118 Meaning of “relevant loss” in section 118ZN

amended 17 times

s.119 Rent etc. payable in connection with mines, quarries and similar concerns.

amended 7 times (opens in a new tab)

s.120 Rent etc. payable in respect of electric line wayleaves.

amended 8 times (opens in a new tab)

s.121 Management expenses of owner of mineral rights.

amended 3 times (opens in a new tab)

s.122 Relief in respect of mineral royalties.

amended 13 times (opens in a new tab)

s.123 Foreign dividends.

amended 12 times (opens in a new tab)

s.124 Interest on quoted Eurobonds.

amended 9 times (opens in a new tab)

s.125 Annual payments for dividends or non-taxable consideration

amended 15 times (opens in a new tab)

s.126 Treasury securities issued at a discount.

amended 4 times (opens in a new tab)

s.126 Charge to tax on appropriation of securities and bonds.

amended 4 times

s.127 Enterprise allowance.

amended 7 times (opens in a new tab)

s.127 Futures and options: transactions with guaranteed returns.

amended 7 times

s.128 Commodity and financial futures etc.: losses and gains.

amended 12 times (opens in a new tab)

s.129 Stock lending.

amended 10 times (opens in a new tab)

s.129 Stock lending: interest on cash collateral.

amended 10 times

s.129 Stock lending fees.

amended 10 times

s.130 Meaning of “investment company” in Part 4

amended 4 times (opens in a new tab)

95 other sections in this Part — procedural and definitional

s.018 Commencement: the first restricted year

s.053 Farming and other commercial occupation of land (except woodlands).

s.054 Woodlands managed on a commercial basis.

s.055 Mines, quarries and other concerns.

s.056 Transactions in deposits with and without certificates or in debts.

s.056 Disposal or exercise of rights in pursuance of deposits.

s.057 Deep discount securities.

s.058 Foreign pensions.

s.059 Persons chargeable.

s.060 Assessment on current year basis.

s.061 Basis of assessment at commencement.

s.062 Change of basis period.

s.062 Conditions for such a change.

s.063 Basis of assessment on discontinuance.

s.063 Overlap profits and overlap losses.

s.064 Case III assessments.

s.065 Cases IV and V assessments: general.

s.065 Case V income from land outside UK: income tax.

s.066 Special rules for fresh income.

s.067 Special rules where source of income disposed of or yield ceases.

s.068 Special rules where property etc. situated in Republic of Ireland.

s.068 Share incentive plans: application of section 68B

s.068 Share incentive plans: cash dividends and dividend shares

s.068 Share incentive plans: interpretation

s.069 Case VI assessments.

s.070 Basis of assessment etc.

s.070 Case V income from land outside UK: corporation tax.

s.071 Computation of income tax where no profits in year of assessment.

s.072 Apportionments etc. for purposes of Cases I, II and VI.

s.073 Single assessments for purposes of Cases III, IV and V.

s.074 General rules as to deductions not allowable.

s.075 Expenses of management: companies with investment business

s.075 Accounting period to which expenses of management are referable

s.075 Amounts reversing expenses of management deducted: charge to tax

s.076 Expenses of insurance companies

s.076 Levies and repayments under the Financial Services and Markets Act 2000.

s.076 Levies and repayments under the Financial Services and Markets Act 2000: investment companies.

s.076 Payments for restrictive undertakings

s.076 Employees seconded to charities and educational establishments

s.076 Counselling and other outplacement services

s.076 Retraining courses

s.076 Retraining courses: recovery of tax

s.076 Redundancy payments and approved contractual payments

s.076 Payments in respect of employment wholly in employer's business

s.076 Payments in respect of employment in more than one capacity

s.076 Additional payments

s.076 Payments by the Government

s.076 Contributions to local enterprise organisations or urban regeneration companies

s.076 Unpaid remuneration

s.076 Unpaid remuneration: supplementary

s.076 Car or motor cycle hire

s.076 Hiring cars (but not motor cycles) with low CO

s.077 Incidental costs of obtaining loan finance.

s.078 Discounted bills of exchange.

s.079 Contributions to local enterprise agencies.

s.079 Contributions to training and enterprise councils and local enterprise companies.

s.079 Contributions to urban regeneration companies

s.080 Expenses connected with foreign trades etc.

s.081 Travel between trades etc.

s.082 Interest paid to non-residents.

s.082 Expenditure on research and development.

s.082 Payments to research associations, universities etc.

s.083 Patent fees etc. and expenses.

s.083 Gifts in kind to charities etc.

s.084 Gifts to educational establishments.

s.084 Costs of establishing share option or profit sharing schemes: relief.

s.085 Payments to trustees of approved profit sharing schemes.

s.085 Costs of establishing employee share ownership trusts: relief.

s.085 Approved share incentive plans

s.086 Employees seconded to charities and educational establishments.

s.086 Charitable donations: contributions to agent’s expenses.

s.087 Taxable premiums etc.

s.087 Section 87(2) and (3) and reductions in receipts under ITTOIA 2005

s.088 Payments to Export Credit Guarantee Department.

s.088 Debts of overseas governments etc.

s.088 Section 88A debts: restriction on deductions under section 74(j).

s.088 Section 88A debts: restriction on other deductions.

s.088 Restriction of deductions in respect of certain debts

s.089 Debts proving to be irrecoverable after discontinuance etc

s.090 Additional payments to redundant employees.

s.091 Cemeteries.

s.091 Waste disposal: restoration payments.

s.091 Waste disposal: preparation expenditure.

s.091 Waste disposal: entitlement of successor to allowances.

s.091 Mineral exploration and access.

s.092 Regional development grants.

s.093 Other grants under Industrial Development Act 1982 etc.

s.094 Debts deducted and subsequently released.

s.095 Taxation of dealers in respect of distributions etc.

s.095 Creative artists: relief for fluctuating profits

s.095 Taxation of UK distributions received by insurance companies

s.096 Farming and market gardening: relief for fluctuating profits.

s.097 Treatment of farm animals etc.

s.098 Tied premises: receipts and expenses treated as those of trade.

s.099 Dealers in land.

Part 5

PROVISIONS RELATING TO THE SCHEDULE E CHARGE

122 of 161 sections shown

s.131 Chargeable emoluments.

amended 1 time (opens in a new tab)

s.132 Place of performance, and meaning of emoluments received in the U.K.

amended 2 times (opens in a new tab)

s.134 Workers supplied by agencies.

amended 1 time (opens in a new tab)

s.135 Gains by directors and employees from share options.

amended 10 times (opens in a new tab)

s.136 Provisions supplementary to section 135.

amended 5 times (opens in a new tab)

s.137 Payment of tax under section 135 by instalments.

amended 2 times (opens in a new tab)

s.138 Share acquisitions by directors and employees.

amended 6 times (opens in a new tab)

s.139 Provisions supplementary to section 138.

amended 3 times (opens in a new tab)

s.140 Further interpretation of sections 135 to 139.

amended 2 times (opens in a new tab)

s.140 Conditional acquisition of shares.

amended 2 times

s.140 Consideration for shares conditionally acquired.

amended 2 times

s.140 Cases where interest to be treated as only conditional.

amended 2 times

s.140 Convertible shares.

amended 2 times

s.140 Consideration for convertible shares.

amended 2 times

s.140 Supplemental provision with respect to convertible shares.

amended 2 times

s.140 Information for the purposes of sections 140A to 140F.

amended 2 times

s.140 Construction of sections 140A to 140G.

amended 2 times

s.141 Non-cash vouchers.

amended 12 times (opens in a new tab)

s.142 Credit-tokens.

amended 9 times (opens in a new tab)

s.143 Cash vouchers taxable under P.A.Y.E.

amended 4 times (opens in a new tab)

s.144 Supplementary provisions.

amended 3 times (opens in a new tab)

s.144 Payments etc. received free of tax.

amended 3 times

s.145 Living accommodation provided for employee.

amended 4 times (opens in a new tab)

s.146 Additional charge in respect of certain living accommodation.

amended 1 time (opens in a new tab)

s.146 Priority of rules applying to living accommodation.

amended 1 time

s.148 Payments and other benefits in connection with termination of employment, etc.

amended 5 times (opens in a new tab)

s.149 Sick pay.

amended 1 time (opens in a new tab)

s.150 Job release scheme allowances, maternity pay and statutory sick pay.

amended 2 times (opens in a new tab)

s.152 Notification of taxable amount of certain benefits.

amended 8 times (opens in a new tab)

s.153 Payments in respect of expenses.

amended 4 times (opens in a new tab)

s.154 General charging provision.

amended 13 times (opens in a new tab)

s.155 Exceptions from the general charge.

amended 8 times (opens in a new tab)

s.155 Care for children.

amended 8 times

s.155 Mobile telephones.

amended 8 times

s.155 Accommodation, supplies or services used in performing duties of employment.

amended 8 times

s.155 Power to provide for exemption of minor benefits.

amended 8 times

s.156 Cash equivalent of benefits charged under section 154.

amended 1 time (opens in a new tab)

s.156 Limited exemption for computer equipment.

amended 1 time

s.157 Cars available for private use.

amended 7 times (opens in a new tab)

s.157 Cars available for private use: cash alternative, etc.

amended 7 times

s.158 Car fuel.

amended 33 times (opens in a new tab)

s.159 Pooled cars.

amended 1 time (opens in a new tab)

s.159 Mobile telephones.

amended 1 time

s.159 Vans available for private use.

amended 1 time

s.159 Pooled vans.

amended 1 time

s.159 Heavier commercial vehicles available for private use.

amended 1 time

s.160 Beneficial loan arrangements.

amended 20 times (opens in a new tab)

s.161 Exceptions from section 160.

amended 8 times (opens in a new tab)

s.161 Treatment of qualifying loans.

amended 8 times

s.161 Beneficial loans: loans on ordinary commercial terms.

amended 8 times

s.162 Employee shareholdings.

amended 8 times (opens in a new tab)

s.163 Expenses connected with living accommodation.

amended 2 times (opens in a new tab)

s.165 Scholarships.

amended 1 time (opens in a new tab)

s.167 Employment to which this Chapter applies.

amended 6 times (opens in a new tab)

s.168 Other interpretative provisions.

amended 15 times (opens in a new tab)

s.168 Price of a car as regards a year.

amended 15 times

s.168 Equipment to enable disabled person to use car.

amended 15 times

s.168 Equipment etc. to enable car to run on road fuel gas.

amended 15 times

s.168 Price of a car: accessories not included in list price.

amended 15 times

s.168 Price of a car: accessories available after car first made available.

amended 15 times

s.168 Price of a car: capital contributions.

amended 15 times

s.168 Price of a car: replacement accessories.

amended 15 times

s.168 Price of a car: classic cars.

amended 15 times

s.168 Price of a car: cap for expensive car.

amended 15 times

s.170 Taxation of profit-related pay.

amended 1 time (opens in a new tab)

s.171 Relief from tax.

amended 3 times (opens in a new tab)

s.172 Exceptions from tax.

amended 3 times (opens in a new tab)

s.175 Applications for registration.

amended 6 times (opens in a new tab)

s.176 Registration.

amended 1 time (opens in a new tab)

s.178 Cancellation of registration.

amended 7 times (opens in a new tab)

s.179 Recovery of tax from scheme employer.

amended 2 times (opens in a new tab)

s.180 Annual returns etc.

amended 2 times (opens in a new tab)

s.181 Other information.

amended 1 time (opens in a new tab)

s.182 Appeals.

amended 3 times (opens in a new tab)

s.184 Independent accountants.

amended 7 times (opens in a new tab)

s.185 Approved share option schemes.

amended 16 times (opens in a new tab)

s.186 Approved profit sharing schemes.

amended 13 times (opens in a new tab)

s.187 Interpretation of sections 185 and 186 and Schedules 9 and 10.

amended 18 times (opens in a new tab)

s.187 Relief for contributions in respect of share option gains.

amended 18 times

s.188 Exemptions from section 148.

amended 3 times (opens in a new tab)

s.189 Lump sum benefits on retirement.

amended 6 times (opens in a new tab)

s.190 Payments to MPs and others.

amended 3 times (opens in a new tab)

s.192 Relief from tax for foreign emoluments.

amended 1 time (opens in a new tab)

s.192 Foreign earnings deduction for seafarers.

amended 1 time

s.193 Foreign earnings and travel expenses.

amended 1 time (opens in a new tab)

s.198 Relief for necessary expenses.

amended 10 times (opens in a new tab)

s.198 Interpretation of section 198.

amended 10 times

s.200 Expenses of Members of Parliament.

amended 7 times (opens in a new tab)

s.200 Incidental overnight expenses.

amended 7 times

s.200 Incidental benefits for holders of certain offices etc.

amended 7 times

s.200 Work-related training provided by employers.

amended 7 times

s.200 Expenditure excluded from section 200B.

amended 7 times

s.200 Other work-related training.

amended 7 times

s.200 Education and training funded by employers.

amended 7 times

s.200 Section 200E: exclusion of expenditure not directly related to training.

amended 7 times

s.200 Section 200E: exclusion of expenditure if contributions not generally available to staff.

amended 7 times

s.200 Section 200E: exclusion of expenditure otherwise relieved.

amended 7 times

s.200 Education or training funded by third parties.

amended 7 times

s.200 Expenses of members of Scottish Parliament, National Assembly for Wales or Northern Ireland Assembly.

amended 7 times

s.202 Donations to charity: payroll deduction scheme.

amended 7 times (opens in a new tab)

s.202 Assessment on receipts basis.

amended 7 times

s.202 Receipts basis: meaning of receipt.

amended 7 times

s.203 Pay as you earn.

amended 10 times (opens in a new tab)

s.203 P.A.Y.E.: meaning of payment.

amended 10 times

s.203 PAYE: payment by intermediary.

amended 10 times

s.203 PAYE: employee of non-UK employer.

amended 10 times

s.203 PAYE: employee non-resident, etc.

amended 10 times

s.203 PAYE: mobile UK workforce.

amended 10 times

s.203 PAYE: tradeable assets.

amended 10 times

s.203 PAYE: enhancing the value of an asset.

amended 10 times

s.203 PAYE: gains from share options etc.

amended 10 times

s.203 PAYE: non-cash vouchers.

amended 10 times

s.203 PAYE: credit-tokens.

amended 10 times

s.203 PAYE: cash vouchers.

amended 10 times

s.203 S.203B to s.203I: accounting for tax.

amended 10 times

s.203 Trading arrangements.

amended 10 times

s.203 S.203B to s.203K: interpretation, etc.

amended 10 times

s.204 P.A.Y.E repayments.

amended 3 times (opens in a new tab)

s.205 Assessments unnecessary in certain circumstances.

amended 2 times (opens in a new tab)

s.206 Additional provision for certain assessments.

amended 2 times (opens in a new tab)

s.206 PAYE settlement agreements.

amended 2 times

s.207 Disputes as to domicile or ordinary residence.

amended 3 times (opens in a new tab)

39 other sections in this Part — procedural and definitional

s.133 Voluntary pensions.

s.147 Occupation of Chevening House.

s.151 Income support etc.

s.151 Jobseeker’s allowance.

s.164 Director’s tax paid by employer.

s.166 Notice of nil liability under this Chapter.

s.169 Interpretation.

s.173 Persons who may apply for registration.

s.174 Excluded employments.

s.177 Change of scheme employer.

s.177 Death of scheme employer.

s.177 Alteration of scheme’s terms.

s.183 Partnerships.

s.191 Job release scheme allowances not to be treated as income.

s.191 Removal expenses and benefits.

s.191 Removal benefits: beneficial loan arrangements.

s.194 Other foreign travel expenses.

s.195 Travel expenses of employees not domiciled in the United Kingdom.

s.196 Foreign pensions.

s.197 Leave travel facilities for the armed forces.

s.197 Car parking facilities

s.197 Works bus services.

s.197 Support for public transport road services.

s.197 Provision of cycle or cyclist’s safety equipment.

s.197 Mileage allowance payments

s.197 Passenger payments

s.197 Mileage allowance relief

s.197 Giving effect to mileage allowance relief

s.197 Interpretation of sections 197AD to 197AG

s.197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.197 Definition of mileage profit.

s.197 Definition of taxed mileage profit.

s.197 Exception from section 197B.

s.197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.197 Sporting and recreational facilities.

s.199 Expenses necessarily incurred and defrayed from official emoluments.

s.201 Fees and subscriptions to professional bodies, learned societies etc.

s.201 Expense of entertainers.

s.201 Employee liabilities and indemnity insurance.

Part 6

COMPANY DISTRIBUTIONS, TAX CREDITS ETC

79 of 88 sections shown

s.207 Application of lower rate to company distributions.

amended 3 times

s.208 U.K. company distributions not generally chargeable to corporation tax.

amended 5 times (opens in a new tab)

s.209 Meaning of “distribution”.

amended 22 times (opens in a new tab)

s.209 Section 209(3AA): link to shares of company or associated company

amended 22 times

s.209 Section 209(3AA): hedging arrangements

amended 22 times

s.210 Bonus issue following repayment of share capital.

amended 2 times (opens in a new tab)

s.212 Interest etc. paid in respect of certain securities.

amended 9 times (opens in a new tab)

s.213 Exempt distributions.

amended 3 times (opens in a new tab)

s.213 Exempt distributions: division of business

amended 3 times

s.214 Chargeable payments connected with exempt distributions.

amended 10 times (opens in a new tab)

s.215 Advance clearance by Board of distributions and payments.

amended 3 times (opens in a new tab)

s.217 Information.

amended 4 times (opens in a new tab)

s.218 Interpretation of sections 213 to 217.

amended 3 times (opens in a new tab)

s.220 Conditions as to residence and period of ownership.

amended 4 times (opens in a new tab)

s.221 Reduction of vendor’s interest as shareholder.

amended 1 time (opens in a new tab)

s.226 Returns and information.

amended 2 times (opens in a new tab)

s.227 Associated persons.

amended 4 times (opens in a new tab)

s.229 Other interpretative provisions.

amended 2 times (opens in a new tab)

s.230 Stock dividends: distributions.

amended 2 times (opens in a new tab)

s.230 Dividend or bonus granted by industrial and provident society

amended 2 times

s.231 Tax credits for certain recipients of qualifying distributions.

amended 39 times (opens in a new tab)

s.231 Restrictions on the use of tax credits by pension funds.

amended 39 times

s.231 No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.

amended 39 times

s.231 No tax credit for original owner under repurchase agreement in respect of certain manufactured dividends.

amended 39 times

s.231 Consequences of certain arrangements to pass on the value of a tax credit.

amended 39 times

s.232 Tax credits for non-U.K. residents.

amended 3 times (opens in a new tab)

s.233 Taxation of certain recipients of distributions and in respect of non-qualifying distributions.

amended 18 times (opens in a new tab)

s.234 Information relating to distributions.

amended 11 times (opens in a new tab)

s.234 Information relating to distributions: further provisions.

amended 11 times

s.235 Distributions of exempt funds etc.

amended 1 time (opens in a new tab)

s.236 Provisions supplementary to section 235.

amended 4 times (opens in a new tab)

s.237 Disallowance of reliefs in respect of bonus issues.

amended 3 times (opens in a new tab)

s.238 Interpretation of terms and collection of ACT.

amended 7 times (opens in a new tab)

s.239 Set-off of ACT against liability to corporation tax.

amended 4 times (opens in a new tab)

s.240 Set-off of company’s surplus ACT against subsidiary’s liability to corporation tax.

amended 3 times (opens in a new tab)

s.241 Calculation of ACT where company receives franked investment income.

amended 5 times (opens in a new tab)

s.242 Set-off of losses etc. against surplus of franked investment income.

amended 16 times (opens in a new tab)

s.243 Set-off of loss brought forward, or terminal loss.

amended 4 times (opens in a new tab)

s.245 Calculation etc. of ACT on change of ownership of company.

amended 3 times (opens in a new tab)

s.245 Restriction on application of section 240 in certain circumstances.

amended 3 times

s.245 Restriction on set-off where asset transferred after change in ownership of company.

amended 3 times

s.246 Charge of ACT at previous rate until new rate fixed, and changes of rate.

amended 8 times (opens in a new tab)

s.246 Election by company paying dividend.

amended 8 times

s.246 Procedure for making election.

amended 8 times

s.246 No tax credit for recipient.

amended 8 times

s.246 Individuals etc.

amended 8 times

s.246 Foreign income dividend not franked payment.

amended 8 times

s.246 Calculation of ACT where company receives foreign income dividend.

amended 8 times

s.246 Information relating to foreign income dividends.

amended 8 times

s.246 Power of inspector to require information.

amended 8 times

s.246 Foreign source profit and distributable foreign profit.

amended 8 times

s.246 Matching of dividend with distributable foreign profit.

amended 8 times

s.246 Matching: subsidiaries.

amended 8 times

s.246 Requirement as to subsidiaries.

amended 8 times

s.246 Matching: further provisions.

amended 8 times

s.246 ACT to be repaid or set off against corporation tax liability.

amended 8 times

s.246 Notional foreign source advance corporation tax.

amended 8 times

s.246 Repayment or set-off: supplementary.

amended 8 times

s.246 Supplementary claims.

amended 8 times

s.246 International headquarters companies.

amended 8 times

s.246 Liability to pay ACT displaced.

amended 8 times

s.246 Settlement of liability by IHC as to ACT.

amended 8 times

s.246 Settlement of liability by non-IHC as to ACT.

amended 8 times

s.246 Payments and repayments where further matching takes place.

amended 8 times

s.246 Adjustments where profits or foreign tax altered.

amended 8 times

s.246 Application of this Chapter.

amended 8 times

s.247 Dividends etc. paid by one member of a group to another.

amended 20 times (opens in a new tab)

s.248 Provisions supplementary to section 247.

amended 3 times (opens in a new tab)

s.249 Stock dividends treated as income.

amended 17 times (opens in a new tab)

s.250 Returns.

amended 4 times (opens in a new tab)

s.251 Interpretation of sections 249 and 250.

amended 3 times (opens in a new tab)

s.251 Application of sections 251B and 251C

amended 3 times

s.251 Treatment of cash dividend retained and then later paid out

amended 3 times

s.251 Charge on dividend shares ceasing to be subject to plan

amended 3 times

s.251 Interpretation of sections 251A to 251C

amended 3 times

s.252 Rectification of excessive set-off etc. of ACT or tax credit.

amended 5 times (opens in a new tab)

s.253 Power to modify or replace section 234(5) to (9) and Schedule 13.

amended 4 times (opens in a new tab)

s.254 Interpretation of Part VI.

amended 2 times (opens in a new tab)

s.255 “Gross rate” and “gross amount” of distributions to include ACT.

amended 1 time (opens in a new tab)

9 other sections in this Part — procedural and definitional

s.211 Matters to be treated or not to be treated as repayments of share capital.

s.216 Returns.

s.219 Purchase by unquoted trading company of own shares.

s.222 Conditions applicable where purchasing company is member of group.

s.223 Other conditions.

s.224 Relaxation of conditions in certain cases.

s.225 Advance clearance of payments by Board.

s.228 Connected persons.

s.244 Further provisions relating to claims under section 242 or 243.

Part 7

GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS

112 of 125 sections shown

s.256 General.

amended 15 times (opens in a new tab)

s.256 Meaning of “adjusted net income”

amended 15 times

s.256 Meaning of “the minimum amount”

amended 15 times

s.257 Personal allowance.

amended 95 times (opens in a new tab)

s.257 Married couple’s allowance.

amended 95 times

s.257 Children’s tax credit.

amended 95 times

s.257 Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)

amended 95 times

s.257 Transfer of relief under section 257A.

amended 95 times

s.257 Elections as to transfer of relief under section 257A or 257AB.

amended 95 times

s.257 Transfer of relief under section 257A where relief exceeds income or 257AB.

amended 95 times

s.257 Indexation of amounts in sections 256B, 257, 257A and 257AB.

amended 95 times

s.257 Transitional relief: husband with excess allowances.

amended 95 times

s.257 Transitional relief: the elderly.

amended 95 times

s.257 Transitional relief: separated couples.

amended 95 times

s.258 Widower’s or widow’s housekeeper.

amended 1 time (opens in a new tab)

s.259 Additional relief in respect of children.

amended 16 times (opens in a new tab)

s.260 Apportionment of relief under section 259.

amended 3 times (opens in a new tab)

s.261 Claims under section 259 for year of marriage.

amended 2 times (opens in a new tab)

s.261 Additional relief in respect of children for year of separation.

amended 2 times

s.262 Widow’s bereavement allowance.

amended 9 times (opens in a new tab)

s.263 Dependent relatives.

amended 1 time (opens in a new tab)

s.264 Claimant depending on services of a son or daughter.

amended 1 time (opens in a new tab)

s.265 Blind person’s allowance.

amended 53 times (opens in a new tab)

s.266 Life assurance premiums.

amended 36 times (opens in a new tab)

s.266 Life assurance premiums paid by employer

amended 36 times

s.268 Early conversion or surrender of life policies.

amended 1 time (opens in a new tab)

s.270 Provisions supplementary to sections 268 and 269.

amended 1 time (opens in a new tab)

s.271 Deemed surrender in cases of certain loans.

amended 5 times (opens in a new tab)

s.272 Collection of sums payable under sections 268 and 269.

amended 1 time (opens in a new tab)

s.273 Payments securing annuities.

amended 11 times (opens in a new tab)

s.274 Limits on relief under section 266.

amended 9 times (opens in a new tab)

s.275 Meaning of “relative”.

amended 1 time (opens in a new tab)

s.276 Effect on relief of charges on income.

amended 2 times (opens in a new tab)

s.277 Partners.

amended 7 times (opens in a new tab)

s.278 Non-residents.

amended 16 times (opens in a new tab)

s.279 Aggregation of wife’s income with husband’s.

amended 2 times (opens in a new tab)

s.280 Transfer of reliefs.

amended 2 times (opens in a new tab)

s.281 Tax repayments to wives.

amended 2 times (opens in a new tab)

s.282 Construction of references to spouses or civil partners living together.

amended 6 times (opens in a new tab)

s.282 Jointly held property.

amended 6 times

s.282 Jointly held property: declarations.

amended 6 times

s.283 Option for separate assessment.

amended 1 time (opens in a new tab)

s.284 Effect of separate assessment on personal reliefs.

amended 2 times (opens in a new tab)

s.288 Elections under section 287.

amended 4 times (opens in a new tab)

s.289 Eligibility for relief.

amended 51 times (opens in a new tab)

s.289 Form of relief.

amended 51 times

s.289 Attribution of relief to shares.

amended 51 times

s.290 Minimum and maximum subscriptions.

amended 5 times (opens in a new tab)

s.290 Restriction of relief where amounts raised exceed permitted maximum.

amended 5 times

s.291 Individuals qualifying for relief.

amended 10 times (opens in a new tab)

s.291 Connected persons: directors.

amended 10 times

s.291 Connected persons: persons interested in capital etc. of company.

amended 10 times

s.292 Parallel trades.

amended 4 times (opens in a new tab)

s.293 Qualifying companies.

amended 38 times (opens in a new tab)

s.294 Companies with interests in land.

amended 3 times (opens in a new tab)

s.295 Valuation of interests in land for purposes of section 294(1)(b).

amended 1 time (opens in a new tab)

s.296 Section 294 disapplied where amounts raised total £50,000 or less.

amended 2 times (opens in a new tab)

s.297 Qualifying trades.

amended 24 times (opens in a new tab)

s.298 Provisions supplementary to sections 293 and 297.

amended 10 times (opens in a new tab)

s.299 Disposal of shares.

amended 18 times (opens in a new tab)

s.299 Loan linked investments.

amended 18 times

s.299 Pre-arranged exits.

amended 18 times

s.300 Value received from company.

amended 13 times (opens in a new tab)

s.300 Receipt of replacement value

amended 13 times

s.301 Provisions supplementary to section 300.

amended 8 times (opens in a new tab)

s.301 Receipts of insignificant value: supplementary provision

amended 8 times

s.302 Replacement capital.

amended 7 times (opens in a new tab)

s.303 Value received by persons other than claimants.

amended 26 times (opens in a new tab)

s.303 Restriction on withdrawal of relief under section 303.

amended 26 times

s.303 Insignificant repayments disregarded for purposes of s.303(1)

amended 26 times

s.304 Spouses and civil partners.

amended 8 times (opens in a new tab)

s.304 Acquisition of share capital by new company.

amended 8 times

s.305 Reorganisation of share capital.

amended 7 times (opens in a new tab)

s.305 Relief for loss on disposal of shares.

amended 7 times

s.306 Claims.

amended 24 times (opens in a new tab)

s.307 Withdrawal of relief.

amended 22 times (opens in a new tab)

s.308 Application to subsidiaries.

amended 23 times (opens in a new tab)

s.309 Further provisions as to subsidiaries.

amended 2 times (opens in a new tab)

s.310 Information.

amended 29 times (opens in a new tab)

s.311 Nominees, bare trustees and approved investment funds.

amended 3 times (opens in a new tab)

s.312 Interpretation of Chapter III.

amended 51 times (opens in a new tab)

s.313 Taxation of consideration for certain restrictive undertakings.

amended 1 time (opens in a new tab)

s.314 Divers and diving supervisors.

amended 2 times (opens in a new tab)

s.315 Wounds and disability pensions.

amended 4 times (opens in a new tab)

s.318 Other pensions in respect of death due to war service etc.

amended 1 time (opens in a new tab)

s.319 Crown servants: foreign service allowance.

amended 5 times (opens in a new tab)

s.320 Commonwealth Agents-General and official agents etc.

amended 1 time (opens in a new tab)

s.321 Consuls and other official agents.

amended 1 time (opens in a new tab)

s.322 Consular officers and employees.

amended 7 times (opens in a new tab)

s.323 Visiting forces.

amended 11 times (opens in a new tab)

s.324 Designated international organisations.

amended 1 time (opens in a new tab)

s.325 Interest on deposits with National Savings Bank.

amended 2 times (opens in a new tab)

s.326 Interest etc. under contractual savings schemes.

amended 20 times (opens in a new tab)

s.326 Tax-exempt special savings accounts.

amended 20 times

s.326 Loss of exemption for special savings accounts.

amended 20 times

s.326 Follow-up TESSAs.

amended 20 times

s.326 Tax-exempt special savings accounts: supplementary.

amended 20 times

s.326 Tax-exempt special savings accounts: tax representatives.

amended 20 times

s.327 Disabled person’s vehicle maintenance grant.

amended 1 time (opens in a new tab)

s.327 Payments to adopters

amended 1 time

s.328 Funds in court.

amended 1 time (opens in a new tab)

s.330 Compensation for National-Socialist persecution.

amended 1 time (opens in a new tab)

s.331 Scholarship income.

amended 1 time (opens in a new tab)

s.331 Student loans: certain interest to be disregarded.

amended 1 time

s.332 Expenditure and houses of ministers of religion.

amended 12 times (opens in a new tab)

s.332 Venture capital trusts: relief.

amended 12 times

s.333 Investment plan regulations

amended 7 times (opens in a new tab)

s.333 Personal equity plans: tax representatives.

amended 7 times

s.333 Involvement of insurance companies with plans and accounts.

amended 7 times

s.334 Commonwealth citizens and others temporarily abroad.

amended 1 time (opens in a new tab)

s.335 Residence of persons working abroad.

amended 1 time (opens in a new tab)

s.336 Temporary residents in the United Kingdom.

amended 14 times (opens in a new tab)

13 other sections in this Part — procedural and definitional

s.267 Qualifying policies.

s.269 Surrender etc. of policies after four years.

s.285 Collection from wife of tax assessed on husband but attributable to her income.

s.286 Right of husband to disclaim liability for tax on deceased wife’s income.

s.287 Separate taxation of wife’s earnings.

s.316 Allowances, bounties and gratuities.

s.317 Victoria Cross and other awards.

s.329 Interest on damages for personal injuries.

s.329 Annuities purchased for certain persons.

s.329 Personal injury damages in the form of periodical payments.

s.329 Compensation for personal injury under statutory or other schemes.

s.329 Annuities assigned in favour of certain persons.

s.329 Annuities: criminal injuries.

Part 8

TAXATION OF INCOME AND CHARGEABLE GAINS OF COMPANIES

16 of 18 sections shown

s.337 Company beginning or ceasing to carry on trade

amended 11 times (opens in a new tab)

s.337 Computation of company’s profits or income: exclusion of general deductions

amended 11 times

s.338 Charges on income deducted from total profits

amended 19 times (opens in a new tab)

s.338 Meaning of “charges on income"

amended 19 times

s.338 Charges on income: annuities or other annual payments

amended 19 times

s.339 Charges on income: donations to charity.

amended 33 times (opens in a new tab)

s.339 Maximum qualifying donations.

amended 33 times

s.340 Charges on income: interest payable to non-residents.

amended 1 time (opens in a new tab)

s.341 Payments of interest etc. between related companies.

amended 1 time (opens in a new tab)

s.342 Tax on company in liquidation.

amended 8 times (opens in a new tab)

s.342 Tax on companies in administration

amended 8 times

s.343 Company reconstructions without a change of ownership.

amended 27 times (opens in a new tab)

s.343 Company reconstructions involving business of leasing plant or machinery

amended 27 times

s.343 Transfers of trade to obtain balancing allowances

amended 27 times

s.344 Company reconstructions: supplemental.

amended 2 times (opens in a new tab)

s.345 Computation of chargeable gains.

amended 1 time (opens in a new tab)

2 other sections in this Part — procedural and definitional

s.346 Capital distribution of chargeable gains: recovery of tax from shareholder.

s.347 Tax on one member of group recoverable from another member.

Part 9

ANNUAL PAYMENTS AND INTEREST

51 of 53 sections shown

s.348 Payments out of profits or gains brought into charge to income tax: deduction of tax.

amended 15 times (opens in a new tab)

s.349 Payments not out of profits or gains brought into charge to income tax, and annual interest.

amended 66 times (opens in a new tab)

s.349 Exceptions to section 349 for payments between companies etc

amended 66 times

s.349 The conditions mentioned in section 349A(1)

amended 66 times

s.349 Directions disapplying section 349A(1)

amended 66 times

s.349 Section 349A(1): consequences of reasonable but incorrect belief

amended 66 times

s.349 Deductions under section 349(1): payment of royalties overseas

amended 66 times

s.349 Extension of section 349: proceeds of sale of UK patent rights

amended 66 times

s.350 Charge to tax where payments made under section 349.

amended 8 times (opens in a new tab)

s.350 UK public revenue dividends: deduction of tax.

amended 8 times

s.351 Small maintenance payments.

amended 2 times (opens in a new tab)

s.352 Certificates of deduction of tax.

amended 3 times (opens in a new tab)

s.353 General provision.

amended 32 times (opens in a new tab)

s.354 Loans to buy land etc.

amended 6 times (opens in a new tab)

s.355 Matters excluded from section 354.

amended 15 times (opens in a new tab)

s.356 Job-related accommodation.

amended 6 times (opens in a new tab)

s.356 Limit on relief for home loans: residence basis.

amended 6 times

s.356 Residence basis: married couples.

amended 6 times

s.356 Payments to which sections 356A and 356B apply.

amended 6 times

s.356 Provisions supplementary to sections 356A to 356C.

amended 6 times

s.357 Limit on amount of loan eligible for relief by virtue of section 354.

amended 6 times (opens in a new tab)

s.357 Substitution of security.

amended 6 times

s.357 Treatment of loans following security substitution.

amended 6 times

s.357 Substitution of security: supplemental.

amended 6 times

s.358 Relief where borrower deceased.

amended 3 times (opens in a new tab)

s.359 Loan to buy machinery or plant.

amended 9 times (opens in a new tab)

s.360 Loan to buy interest in close company.

amended 10 times (opens in a new tab)

s.360 Meaning of “material interest” in section 360.

amended 10 times

s.361 Loan to buy interest in co-operative or employee-controlled company.

amended 5 times (opens in a new tab)

s.362 Loan to buy into partnership.

amended 4 times (opens in a new tab)

s.363 Provisions supplementary to sections 360 to 362.

amended 1 time (opens in a new tab)

s.364 Loan to pay inheritance tax.

amended 1 time (opens in a new tab)

s.365 Loan to buy life annuity.

amended 9 times (opens in a new tab)

s.366 Information.

amended 2 times (opens in a new tab)

s.367 Provisions supplementary to sections 354 to 366.

amended 16 times (opens in a new tab)

s.367 Alternative finance arrangements

amended 16 times

s.368 Exclusion of double relief etc.

amended 11 times (opens in a new tab)

s.369 Mortgage interest payable under deduction of tax.

amended 24 times (opens in a new tab)

s.370 Relevant loan interest.

amended 22 times (opens in a new tab)

s.371 Second loans.

amended 1 time (opens in a new tab)

s.372 Home improvement loans.

amended 1 time (opens in a new tab)

s.373 Loans in excess of the qualifying maximum, and joint borrowers.

amended 9 times (opens in a new tab)

s.374 Conditions for application of section 369.

amended 2 times (opens in a new tab)

s.374 Interest which never has been relevant loan interest etc.

amended 2 times

s.375 Interest ceasing to be relevant loan interest, etc. Regulated

Notify lender when loan interest ceases to be qualifyingAny Person

amended 9 times (opens in a new tab)

s.375 Option to deduct interest for the purposes of Schedule A.

amended 9 times

s.376 Qualifying borrowers and qualifying lenders.

amended 21 times (opens in a new tab)

s.376 The register of qualifying lenders. Regulated

Other duties (1) — Crown / regulator

HMRC must maintain and publish a register of qualifying lendersStatutory regulator

amended 21 times

s.377 Variation of terms of repayment of certain loans.

amended 3 times (opens in a new tab)

s.378 Supplementary regulations.

amended 5 times (opens in a new tab)

s.379 In sections 369 to 378— “contracts of general insurance” means...

amended 5 times (opens in a new tab)

2 other sections in this Part — procedural and definitional

s.347 General rule.

s.347 Qualifying maintenance payments.

Part 10

LOSS RELIEF AND GROUP RELIEF

55 of 55 sections shown

s.379 Losses from UK property business.

amended 5 times

s.379 Losses from overseas property business.

amended 5 times

s.380 Set-off against general income.

amended 14 times (opens in a new tab)

s.381 Further relief for individuals for losses in early years of trade.

amended 11 times (opens in a new tab)

s.382 Provisions supplementary to sections 380 and 381.

amended 7 times (opens in a new tab)

s.383 Extension of right of set-off to capital allowances.

amended 7 times (opens in a new tab)

s.384 Restrictions on right of set-off.

amended 15 times (opens in a new tab)

s.384 Restriction of set-off of allowances against general income

amended 15 times

s.385 Carry-forward against subsequent profits.

amended 14 times (opens in a new tab)

s.386 Carry-forward where business transferred to a company.

amended 4 times (opens in a new tab)

s.387 Carry-forward as losses of amounts taxed under section 350.

amended 5 times (opens in a new tab)

s.388 Carry-back of terminal losses.

amended 14 times (opens in a new tab)

s.389 Supplementary provisions relating to carry-back of terminal losses.

amended 11 times (opens in a new tab)

s.390 Treatment of interest as a loss for purposes of carry-forward and carry-back.

amended 2 times (opens in a new tab)

s.391 Losses from trade etc. carried on abroad

amended 2 times (opens in a new tab)

s.392 Losses from miscellaneous transactions

amended 7 times (opens in a new tab)

s.392 UK property business losses

amended 7 times

s.392 Losses from overseas property business.

amended 7 times

s.393 Losses other than terminal losses.

amended 20 times (opens in a new tab)

s.393 Losses: set off against profits of the same, or an earlier, accounting period.

amended 20 times

s.393 Losses of ring fence trade: set off against profits of an earlier accounting period

amended 20 times

s.394 Terminal losses.

amended 1 time (opens in a new tab)

s.395 Leasing contracts and company reconstructions.

amended 8 times (opens in a new tab)

s.396 Losses from miscellaneous transactions

amended 14 times (opens in a new tab)

s.397 Restriction of relief in case of farming and market gardening.

amended 43 times (opens in a new tab)

s.398 Transactions in deposits with and without certificates or in debts.

amended 13 times (opens in a new tab)

s.399 Dealings in commodity futures etc: withdrawal of loss relief.

amended 20 times (opens in a new tab)

s.400 Write-off of government investment.

amended 43 times (opens in a new tab)

s.401 Relief for pre-trading expenditure.

amended 19 times (opens in a new tab)

s.402 Surrender of relief between members of groups and consortia.

amended 13 times (opens in a new tab)

s.403 Losses etc. which may be surrendered by way of group relief.

amended 19 times (opens in a new tab)

s.403 Limits on group relief.

amended 19 times

s.403 Apportionments under section 403A.

amended 19 times

s.403 Amount of relief in consortium cases.

amended 19 times

s.403 Relief for or in respect of UK losses of non-resident companies

amended 19 times

s.403 Relief for overseas losses of UK resident companies.

amended 19 times

s.403 Relief in respect of overseas losses of non-resident companies

amended 19 times

s.403 Unallowable overseas losses of non-resident companies

amended 19 times

s.403 Amounts eligible for group relief: trading losses.

amended 19 times

s.403 Amounts eligible for group relief: excess capital allowances.

amended 19 times

s.403 Amounts eligible for group relief: non-trading deficit on loan relationships.

amended 19 times

s.403 Other amounts available by way of group relief.

amended 19 times

s.403 Computation of gross profits.

amended 19 times

s.404 Limitation of group relief in relation to certain dual resident companies.

amended 15 times (opens in a new tab)

s.405 Claims relating to losses etc. of members of both group and consortium.

amended 1 time (opens in a new tab)

s.406 Claims relating to losses etc. of consortium company or group member.

amended 6 times (opens in a new tab)

s.407 Relationship between group relief and other relief.

amended 11 times (opens in a new tab)

s.408 Corresponding accounting periods.

amended 1 time (opens in a new tab)

s.409 Companies joining or leaving group or consortium.

amended 3 times (opens in a new tab)

s.410 Arrangements for transfer of company to another group or consortium.

amended 12 times (opens in a new tab)

s.411 Exclusion of double allowances.

amended 4 times (opens in a new tab)

s.411 Group relief by way of substitution for loss relief.

amended 4 times

s.411 No relief where deduction of relevant return under alternative finance arrangements disallowed

amended 4 times

s.412 Claims and adjustments.

amended 4 times (opens in a new tab)

s.413 Interpretation of Chapter IV.

amended 12 times (opens in a new tab)

Part 11

CLOSE COMPANIES

8 of 17 sections shown

s.414 Close companies.

amended 9 times (opens in a new tab)

s.415 Certain quoted companies not to be close companies.

amended 3 times (opens in a new tab)

s.416 Meaning of “associated company” and “control”.

amended 10 times (opens in a new tab)

s.417 Meaning of “participator”, “associate”, “director” and “loan creditor”.

amended 7 times (opens in a new tab)

s.418 “Distribution” to include certain expenses of close companies.

amended 6 times (opens in a new tab)

s.419 Loans to participators etc.

amended 14 times (opens in a new tab)

s.420 Exceptions from section 419.

amended 1 time (opens in a new tab)

s.421 Taxation of borrower when loan under section 419 released etc

amended 17 times (opens in a new tab)

9 other sections in this Part — procedural and definitional

s.422 Extension of section 419 to loans by companies controlled by close companies.

s.423 Apportionment of certain income, deductions and interest.

s.424 Exclusions from section 423.

s.425 Manner of apportionment.

s.426 Charge to income tax where apportionment is to an individual.

s.427 Reduction of charge under section 426 in certain cases.

s.428 Increase of apportioned sum etc. by reference to ACT.

s.429 Payment and collection of income tax.

s.430 Consequences of apportionment: ACT.

Part 12

SPECIAL CLASSES OF COMPANIES AND BUSINESSES

236 of 246 sections shown

s.431 Interpretative provisions relating to insurance companies.

amended 115 times (opens in a new tab)

s.431 Amendment of Chapter etc

amended 115 times

s.431 Relevant benefits for purposes of section 431(4)(d) and (e).

amended 115 times

s.431 Meaning of “pension business”.

amended 115 times

s.431 Meaning of “child trust fund business”

amended 115 times

s.431 Meaning of “individual savings account business”

amended 115 times

s.431 Meaning of “life reinsurance business”.

amended 115 times

s.431 Meaning of “overseas life assurance business”.

amended 115 times

s.431 Overseas life assurance business: regulations.

amended 115 times

s.431 Meaning of “gross roll-up business”

amended 115 times

s.431 Meaning of “basic life assurance and general annuity business”.

amended 115 times

s.431 Company carrying on life assurance business

amended 115 times

s.431 Company carrying on life assurance business and other insurance business

amended 115 times

s.431 Election that assets not be foreign business assets

amended 115 times

s.432 Separation of different categories of business.

amended 8 times (opens in a new tab)

s.432 Apportionment of income and gains.

amended 8 times

s.432 UK property business or overseas property business

amended 8 times

s.432 Losses from UK property business or overseas property business.

amended 8 times

s.432 Apportionment of receipts brought into account.

amended 8 times

s.432 Section 432B apportionment: non-participating funds

amended 8 times

s.432 Apportionment of asset value increase where line 51 amount decreases

amended 8 times

s.432 Transfers of business involving excess assets

amended 8 times

s.432 Section 432B apportionment: value of non-participating funds.

amended 8 times

s.432 Section 432B apportionment: participating funds.

amended 8 times

s.432 Section 432B apportionment: supplementary provisions.

amended 8 times

s.432 Section 432B apportionment: business transfers-in

amended 8 times

s.432 PHI business other than life assurance business — adjustment consequent on change in Insurance Prudential Sourcebook

amended 8 times

s.432 Linked assets.

amended 8 times

s.433 Profits reserved for policy holders and annuitants.

amended 1 time (opens in a new tab)

s.434 Franked investment income etc.

amended 46 times (opens in a new tab)

s.434 Computation of losses and limitation on relief.

amended 46 times

s.434 Reduced loss relief for additions to non-profit funds

amended 46 times

s.434 Additions to non-profit funds: amount of loss reduction

amended 46 times

s.434 Sections 434AZA and 434AZB: supplementary

amended 46 times

s.434 Treatment of interest and annuities.

amended 46 times

s.434 Interest on repayment of advance corporation tax.

amended 46 times

s.434 Capital allowances: management assets.

amended 46 times

s.434 Capital allowances: investment assets.

amended 46 times

s.435 Taxation of gains reserved for policy holders and annuitants.

amended 1 time (opens in a new tab)

s.436 Pension business: separate charge on profits.

amended 31 times (opens in a new tab)

s.436 Gross roll-up business: separate charge on profits

amended 31 times

s.436 Gains referable to gross roll-up business not to be chargeable gains

amended 31 times

s.437 General annuity business.

amended 20 times (opens in a new tab)

s.437 Meaning of “steep-reduction annuity” etc.

amended 20 times

s.438 Pension business: exemption from tax.

amended 31 times (opens in a new tab)

s.438 Pension business: payments on account of tax credits and deducted tax.

amended 31 times

s.438 Income or gains arising from property investment LLP

amended 31 times

s.438 Determination of policy holders’ share for purposes of s.438B

amended 31 times

s.439 Restricted government securities.

amended 7 times (opens in a new tab)

s.439 Taxation of pure reinsurance business.

amended 7 times

s.439 Life reinsurance business: separate charge on profits.

amended 7 times

s.440 Transfers of assets etc.

amended 53 times (opens in a new tab)

s.440 Securities.

amended 53 times

s.440 Modifications where tax charged under section 35 of CTA 2009.

amended 53 times

s.440 Modifications for change of tax basis

amended 53 times

s.440 Modifications in relation to BLAGAB group reinsurers

amended 53 times

s.441 Overseas life assurance business.

amended 17 times (opens in a new tab)

s.441 Section 441: distributions.

amended 17 times

s.441 Treatment of UK land.

amended 17 times

s.442 Overseas business of U.K. companies.

amended 7 times (opens in a new tab)

s.442 Taxation of investment return where risk reinsured.

amended 7 times

s.443 Life policies carrying rights not in money.

amended 1 time (opens in a new tab)

s.444 Life policies issued before 5th August 1965.

amended 1 time (opens in a new tab)

s.444 Transfers of business.

amended 1 time

s.444 Transfers of business: deemed periodical returns

amended 1 time

s.444 Transfer schemes: transferor

amended 1 time

s.444 Non long-term fund transferred assets

amended 1 time

s.444 Non-profit fund transferred assets

amended 1 time

s.444 Retained assets

amended 1 time

s.444 Transfers of business: election for transferee to pay tax of transferor

amended 1 time

s.444 Transfer scheme transferring part of business: transferor

amended 1 time

s.444 Transferor's period of account including transfer

amended 1 time

s.444 Transfer schemes: reduction of income of transferee

amended 1 time

s.444 Transfers of business: transferor shares are assets of transferee's long-term insurance fund etc

amended 1 time

s.444 Transfer schemes transferring part of business: reduction in income of transferee

amended 1 time

s.444 Transfers of business: modification of s.83(2B) FA 1989

amended 1 time

s.444 Transfers of business: FAFTS

amended 1 time

s.444 Transfer schemes: anti-avoidance rule

amended 1 time

s.444 Life assurance trade profits advantage: transferor

amended 1 time

s.444 Life assurance trade profits advantage: transferee

amended 1 time

s.444 Parts of transfer scheme arrangements: anti-avoidance rule

amended 1 time

s.444 Parts of transfer scheme arrangements: life assurance trade profits advantage transferor

amended 1 time

s.444 Parts of transfer scheme arrangements: life assurance trade profits advantage transferee

amended 1 time

s.444 Clearance: no avoidance or group advantage

amended 1 time

s.444 Demutualisation surplus: life assurance business

amended 1 time

s.444 Section 444AF: “demutualisation transfer surplus”

amended 1 time

s.444 Modification of section 444AG etc for gross roll-up businesses

amended 1 time

s.444 Section 444AF: “reduction in company's unappropriated surplus”

amended 1 time

s.444 Sections 444AF and 444AK: “relevant receipts reduction”

amended 1 time

s.444 Mutual surplus: gross roll-up business

amended 1 time

s.444 Interpretation of sections 444AF to 444AK

amended 1 time

s.444 Transfers of life assurance business: gross roll-up business losses of the transferor

amended 1 time

s.444 Transfers of life assurance business: trade losses of the transferor

amended 1 time

s.444 Modification of Act in relation to overseas life insurance companies.

amended 1 time

s.444 Equalisation reserves for general business.

amended 1 time

s.444 Modification of s. 444BA for mutual or overseas business and for non-resident companies.

amended 1 time

s.444 Modification of s. 444BA for non-annual accounting etc.

amended 1 time

s.444 Application of s. 444BA rules to other equalisation reserves.

amended 1 time

s.444 Modification of section 440.

amended 1 time

s.444 Qualifying distributions, tax credits, etc.

amended 1 time

s.444 Income from investments attributable to BLAGAB, etc.

amended 1 time

s.445 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

amended 2 times (opens in a new tab)

s.446 Annuity business.

amended 5 times (opens in a new tab)

s.447 Set-off of income tax and tax credits against corporation tax.

amended 7 times (opens in a new tab)

s.448 Qualifying distributions and tax credits.

amended 2 times (opens in a new tab)

s.449 Double taxation agreements.

amended 1 time (opens in a new tab)

s.450 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

amended 9 times (opens in a new tab)

s.451 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

amended 5 times (opens in a new tab)

s.452 Special reserve funds.

amended 3 times (opens in a new tab)

s.458 Capital redemption business.

amended 14 times (opens in a new tab)

s.458 Capital redemption business: power to apply life assurance provisions.

amended 14 times

s.459 Exemption from tax.

amended 3 times (opens in a new tab)

s.460 Exemption from tax in respect of life or endowment business.

amended 46 times (opens in a new tab)

s.461 Taxation in respect of other business.

amended 22 times (opens in a new tab)

s.461 Taxation in respect of other business: incorporated friendly societies qualifying for exemption.

amended 22 times

s.461 Taxation in respect of other business: incorporated friendly societies etc.

amended 22 times

s.461 Taxation in respect of other business: withdrawal of “qualifying” status from incorporated friendly society.

amended 22 times

s.461 Transfers of other business

amended 22 times

s.462 Conditions for tax exempt business.

amended 10 times (opens in a new tab)

s.462 Election as to tax exempt business.

amended 10 times

s.463 Long-term business: application of the Corporation Tax Acts.

amended 11 times (opens in a new tab)

s.464 Maximum benefits payable to members.

amended 24 times (opens in a new tab)

s.465 Old societies.

amended 4 times (opens in a new tab)

s.465 Assets of branch of registered friendly society to be treated as assets of society after incorporation.

amended 4 times

s.466 Interpretation of Chapter II.

amended 30 times (opens in a new tab)

s.467 Exemption for trade unions and employers’ associations.

amended 18 times (opens in a new tab)

s.468 Certified unit trusts.

amended 23 times

s.468 Authorised unit trusts.

amended 23 times (opens in a new tab)

s.468 Open-ended investment companies

amended 23 times

s.468 Authorised unit trusts: futures and options.

amended 23 times

s.468 Certified unit trusts: corporation tax.

amended 23 times

s.468 Certified unit trusts: distributions.

amended 23 times

s.468 Funds of funds: distributions.

amended 23 times

s.468 Authorised unit trusts: corporation tax.

amended 23 times

s.468 Corporation tax: cases where lower rate applies.

amended 23 times

s.468 Authorised unit trusts: distributions.

amended 23 times

s.468 [Dividends paid to investment trusts.

amended 23 times

s.468 Interpretation.

amended 23 times

s.468 Distribution accounts.

amended 23 times

s.468 Dividend distributions.

amended 23 times

s.468 Foreign income distributions.

amended 23 times

s.468 Interest distributions.

amended 23 times

s.468 Cases where no obligation to deduct tax

amended 23 times

s.468 Deduction of tax (mixed funds).

amended 23 times

s.468 Residence condition and reputable intermediary condition.

amended 23 times

s.468 Residence declarations.

amended 23 times

s.468 Section 468O(1A): consequences of reasonable but incorrect belief

amended 23 times

s.468 Regulations supplementing sections 468M to 468PA

amended 23 times

s.468 Dividend distribution to corporate unit holder.

amended 23 times

s.468 Foreign income distribution to corporate unit holder.

amended 23 times

s.469 Other unit trusts.

amended 27 times (opens in a new tab)

s.469 Court common investment funds.

amended 27 times

s.470 Transitional provisions relating to unit trusts.

amended 3 times (opens in a new tab)

s.471 Exchange of securities in connection with conversion operations, nationalisation etc.

amended 4 times (opens in a new tab)

s.472 Distribution of securities issued in connection with nationalisation etc.

amended 4 times (opens in a new tab)

s.472 Trading profits etc. from securities: taxation of amounts taken to reserves

amended 4 times

s.473 Conversion etc. of securities held as circulating capital.

amended 19 times (opens in a new tab)

s.474 Treatment of tax-free income.

amended 6 times (opens in a new tab)

s.475 Tax-free Treasury securities: exclusion of interest on borrowed money.

amended 18 times (opens in a new tab)

s.476 Building societies: regulations for payment of tax.

amended 2 times (opens in a new tab)

s.477 Investments becoming or ceasing to be relevant building society investments.

amended 1 time (opens in a new tab)

s.477 Building societies: regulations for deduction of tax.

amended 1 time

s.477 Building societies: incidental costs of issuing qualifying shares.

amended 1 time

s.478 Building societies: time for payment of tax.

amended 2 times (opens in a new tab)

s.479 Interest paid on deposits with banks etc.

amended 1 time (opens in a new tab)

s.480 Deposits becoming or ceasing to be composite rate deposits.

amended 1 time (opens in a new tab)

s.480 Relevant deposits: deduction of tax from interest payments.

amended 1 time

s.480 Relevant deposits: exception from section 480A.

amended 1 time

s.480 Relevant deposits: computation of tax on interest.

amended 1 time

s.481 “Deposit-taker”, “deposit” and “relevant deposit”.

amended 30 times (opens in a new tab)

s.482 Supplementary provisions.

amended 17 times (opens in a new tab)

s.482 Audit powers in relation to non-residents.

amended 17 times

s.483 Determination of reduced rate for building societies and composite rate for banks etc.

amended 1 time (opens in a new tab)

s.484 Savings banks: exemption from tax.

amended 2 times (opens in a new tab)

s.485 Savings banks: supplemental.

amended 1 time (opens in a new tab)

s.486 Industrial and provident societies and co-operative associations.

amended 22 times (opens in a new tab)

s.487 Credit unions.

amended 9 times (opens in a new tab)

s.488 Co-operative housing associations.

amended 23 times (opens in a new tab)

s.489 Self-build societies.

amended 12 times (opens in a new tab)

s.490 Companies carrying on a mutual business or not carrying on a business.

amended 10 times (opens in a new tab)

s.491 Distribution of assets of body corporate carrying on mutual business.

amended 17 times (opens in a new tab)

s.492 Treatment of oil extraction activities etc. for tax purposes.

amended 19 times (opens in a new tab)

s.493 Valuation of oil disposed of or appropriated in certain circumstances.

amended 10 times (opens in a new tab)

s.494 Loan relationships etc.

amended 38 times (opens in a new tab)

s.494 Computation of amount available for surrender by way of group relief.

amended 38 times

s.494 Sale and lease-back.

amended 38 times

s.495 Regional development grants.

amended 13 times (opens in a new tab)

s.496 Tariff receipts and tax-exempt tariffing receipts

amended 8 times (opens in a new tab)

s.496 Exploration expenditure supplement

amended 8 times

s.496 Ring fence expenditure supplement

amended 8 times

s.497 Restriction on setting ACT against income from oil extraction activities etc.

amended 7 times (opens in a new tab)

s.498 Limited right to carry back surrendered ACT.

amended 1 time (opens in a new tab)

s.499 Surrender of ACT where oil extraction company etc. owned by a consortium.

amended 1 time (opens in a new tab)

s.500 Deduction of PRT in computing income for corporation tax purposes.

amended 6 times (opens in a new tab)

s.502 Interpretation of Chapter V.

amended 13 times (opens in a new tab)

s.502 Scope of Chapter 5A

amended 13 times

s.502 Lessor under long funding finance lease: rental earnings

amended 13 times

s.502 Lessor under long funding finance lease: exceptional items

amended 13 times

s.502 Lessor under long funding finance lease making termination payment

amended 13 times

s.502 Lessor under long funding operating lease: periodic deduction

amended 13 times

s.502 Long funding operating lease: lessor's additional expenditure

amended 13 times

s.502 Lessor under long funding operating lease: termination of lease

amended 13 times

s.502 Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock

amended 13 times

s.502 Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease

amended 13 times

s.502 Cases where ss. 502B to 502G do not apply: other avoidance

amended 13 times

s.502 Cases where ss 502B to 502G do not apply: films

amended 13 times

s.502 Insurance company as lessor

amended 13 times

s.502 Lessee under long funding finance lease: limit on deductions

amended 13 times

s.502 Lessee under long funding finance lease: termination

amended 13 times

s.502 Lessee under long funding operating lease

amended 13 times

s.502 Interpretation of this Chapter

amended 13 times

s.503 Letting of furnished holiday accommodation treated as a trade for certain corporation tax purposes.

amended 22 times (opens in a new tab)

s.504 Supplementary provisions.

amended 16 times (opens in a new tab)

s.504 Letting of furnished holiday accommodation treated as trade for certain income tax purposes

amended 16 times

s.505 Charitable companies: general.

amended 76 times (opens in a new tab)

s.506 Charitable and non-charitable expenditure

amended 16 times (opens in a new tab)

s.506 Transactions with substantial donors

amended 16 times

s.506 Section 506A: exceptions

amended 16 times

s.506 Sections 506A and 506B: supplemental

amended 16 times

s.507 The National Heritage Memorial Fund, the Historic Buildings and Monuments Commission for England and the British Museum.

amended 9 times (opens in a new tab)

s.508 Scientific research organisations.

amended 8 times (opens in a new tab)

s.508 Investment trusts investing in housing.

amended 8 times

s.508 Interpretation of section 508A.

amended 8 times

s.509 Reserves of marketing boards and certain other statutory bodies.

amended 3 times (opens in a new tab)

s.510 Agricultural societies.

amended 1 time (opens in a new tab)

s.510 European economic interest groupings.

amended 1 time

s.511 The Electricity Council and Boards, the Northern Ireland Electricity Service and the Gas Council.

amended 3 times (opens in a new tab)

s.512 Atomic Energy Authority and National Radiological Protection Board.

amended 12 times (opens in a new tab)

s.513 British Airways Board and National Freight Corporation.

amended 2 times (opens in a new tab)

s.514 Funds for reducing the National Debt.

amended 1 time (opens in a new tab)

s.515 Signatories to Operating Agreement for INMARSAT.

amended 1 time (opens in a new tab)

s.516 Government securities held by non-resident central banks.

amended 3 times (opens in a new tab)

s.517 Issue departments of the Reserve Bank of India and the State Bank of Pakistan.

amended 2 times (opens in a new tab)

s.518 Harbour reorganisation schemes.

amended 5 times (opens in a new tab)

s.519 Local authorities.

amended 4 times (opens in a new tab)

s.519 Health service bodies.

amended 4 times

10 other sections in this Part — procedural and definitional

s.453 Payments into premiums trust fund on account of losses.

s.454 Income tax consequences on payments into and out of special reserve fund.

s.455 Income tax consequences on death of underwriter.

s.456 Unearned income, variation of arrangements and cancellation of approval etc.

s.457 Interpretation of sections 450 to 456.

s.501 Interest on repayment of PRT.

s.501 Supplementary charge in respect of ring fence trades

s.501 Assessment, recovery and postponement of supplementary charge

s.part xii/chapter/vi/section/508an2 Contemplative religious communities: profits exempt from corporation tax

s.part xii/chapter/vi/section/508bn2 Contemplative religious communities: gains exempt from corporation tax

Part 13

MISCELLANEOUS SPECIAL PROVISIONS

113 of 116 sections shown

s.520 Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.

amended 3 times (opens in a new tab)

s.521 Provisions supplementary to section 520.

amended 6 times (opens in a new tab)

s.522 Allowances for expenditure on purchase of patent rights: pre-1st April 1986 expenditure.

amended 1 time (opens in a new tab)

s.524 Taxation of receipts from sale of patent rights.

amended 27 times (opens in a new tab)

s.525 Capital sums: . . . winding up or partnership change.

amended 11 times (opens in a new tab)

s.526 Relief for expenses.

amended 7 times (opens in a new tab)

s.527 Spreading of royalties over several years.

amended 4 times (opens in a new tab)

s.528 Manner of making allowances and charges.

amended 11 times (opens in a new tab)

s.529 Patent income to be earned income in certain cases.

amended 1 time (opens in a new tab)

s.530 Disposal of know-how.

amended 5 times (opens in a new tab)

s.531 Provisions supplementary to section 530.

amended 21 times (opens in a new tab)

s.532 Application of Capital Allowances Act

amended 9 times (opens in a new tab)

s.533 Interpretation of sections 520 to 532.

amended 7 times (opens in a new tab)

s.534 Relief for copyright payments etc.

amended 3 times (opens in a new tab)

s.535 Relief where copyright sold after ten years or more.

amended 7 times (opens in a new tab)

s.536 Taxation of royalties where owner abroad.

amended 4 times (opens in a new tab)

s.537 Public lending right.

amended 3 times (opens in a new tab)

s.537 Relief for payments in respect of designs.

amended 3 times

s.537 Taxation of design royalties where owner abroad.

amended 3 times

s.538 Relief for painters, sculptors and other artists.

amended 2 times (opens in a new tab)

s.539 Introductory.

amended 16 times (opens in a new tab)

s.539 The conditions for being an excepted group life policy

amended 16 times

s.539 Application of this Chapter etc. to policies and contracts in which persons other than companies are interested

amended 16 times

s.540 Life policies: chargeable events.

amended 6 times (opens in a new tab)

s.541 Life policies: computation of gain.

amended 9 times (opens in a new tab)

s.542 Life annuity contracts: chargeable events.

amended 2 times (opens in a new tab)

s.543 Life annuity contracts: computation of gain.

amended 6 times (opens in a new tab)

s.544 Second and subsequent assignment of life policies and contracts.

amended 2 times (opens in a new tab)

s.545 Capital redemption policies.

amended 3 times (opens in a new tab)

s.546 Calculation of certain amounts for purposes of sections 540, 542 and 545.

amended 4 times (opens in a new tab)

s.546 Treatment of certain assignments etc involving co-ownership

amended 4 times

s.546 Special provision in respect of certain section 546 excesses

amended 4 times

s.546 Charging the section 546 excess to tax where section 546B applies

amended 4 times

s.546 Modifications of s.546C for final year ending with terminal chargeable event

amended 4 times

s.547 Method of charging gain to tax.

amended 50 times (opens in a new tab)

s.547 Method of charging gain to tax: multiple interests.

amended 50 times

s.548 Deemed surrender of certain loans.

amended 7 times (opens in a new tab)

s.548 Effect of rebated or reinvested commission in certain cases

amended 7 times

s.548 Section 548A: further definitions

amended 7 times

s.549 Certain deficiencies allowable as deductions.

amended 11 times (opens in a new tab)

s.550 Relief where gain charged at a higher rate.

amended 6 times (opens in a new tab)

s.551 Right of individual to recover tax from trustees.

amended 3 times (opens in a new tab)

s.551 Right of company to recover tax from trustees.

amended 3 times

s.552 Information: duty of insurers.

amended 54 times (opens in a new tab)

s.552 Tax representatives. Regulated

Appoint a UK tax representative if you are an overseas insurer with £1m+ UK premiumsFinancial Services Firm

amended 54 times

s.552 Duties of overseas insurers’ tax representatives. Prosecution

Appoint and oversee an overseas insurer’s tax representativeFinancial Services Firm

Unlimited fine · amended 54 times

s.552 Information: supplementary provisions

amended 54 times

s.552 Regulations in relation to qualifying policies

amended 54 times

s.553 Non-resident policies and off-shore capital redemption policies.

amended 15 times (opens in a new tab)

s.553 Overseas life assurance business: life policies.

amended 15 times

s.553 Overseas life assurance business: capital redemption policies.

amended 15 times

s.553 Personal portfolio bonds.

amended 15 times

s.554 Borrowings on life policies to be treated as income in certain cases.

amended 1 time (opens in a new tab)

s.555 Payment of tax.

amended 1 time (opens in a new tab)

s.556 Activity treated as trade etc. and attribution of income.

amended 8 times (opens in a new tab)

s.557 Charge on profits.

amended 6 times (opens in a new tab)

s.558 Supplementary provisions.

amended 2 times (opens in a new tab)

s.559 Deductions on account of tax etc. from payments to certain sub-contractors.

amended 18 times (opens in a new tab)

s.559 Treatment of sums deducted under s.559

amended 18 times

s.560 Persons who are sub-contractors or contractors for purposes of Chapter IV.

amended 12 times (opens in a new tab)

s.561 Exceptions from section 559.

amended 12 times (opens in a new tab)

s.562 Conditions to be satisfied by individuals.

amended 8 times (opens in a new tab)

s.563 Conditions to be satisfied by partners who are individuals.

amended 1 time (opens in a new tab)

s.564 Conditions to be satisfied by firms.

amended 3 times (opens in a new tab)

s.565 Conditions to be satisfied by companies.

amended 9 times (opens in a new tab)

s.566 General powers to make regulations under Chapter IV.

amended 8 times (opens in a new tab)

s.567 Meaning of “construction operations”.

amended 1 time (opens in a new tab)

s.568 Deductions from profits of contributions paid under certified schemes.

amended 6 times (opens in a new tab)

s.570 Payments under certified schemes which are not repayments of contributions.

amended 7 times (opens in a new tab)

s.571 Cancellation of certificates.

amended 4 times (opens in a new tab)

s.573 Relief for companies.

amended 8 times (opens in a new tab)

s.574 Relief for individuals.

amended 12 times (opens in a new tab)

s.575 Exclusion of relief under section 573 . . . in certain cases.

amended 13 times (opens in a new tab)

s.576 Provisions supplementary to sections 573 and 575.

amended 33 times (opens in a new tab)

s.576 Qualifying trading companies

amended 33 times

s.576 The trading requirement

amended 33 times

s.576 Ceasing to meet the trading requirement because of administration or receivership

amended 33 times

s.576 The control and independence requirement

amended 33 times

s.576 The qualifying subsidiaries requirement

amended 33 times

s.576 The property managing subsidiaries requirement

amended 33 times

s.576 The gross assets requirement

amended 33 times

s.576 The unquoted status requirement

amended 33 times

s.576 Power to amend requirements by Treasury order

amended 33 times

s.576 Relief after an exchange of shares for shares in another company

amended 33 times

s.576 Substitution of new shares for old shares

amended 33 times

s.576 Interpretation of Chapter

amended 33 times

s.577 Business entertaining expenses.

amended 41 times (opens in a new tab)

s.577 Expenditure involving crime.

amended 41 times

s.578 Housing grants.

amended 2 times (opens in a new tab)

s.578 Expenditure on car hire

amended 2 times

s.578 Expenditure on car hire: supplementary

amended 2 times

s.579 Statutory redundancy payments.

amended 25 times (opens in a new tab)

s.580 Provisions supplementary to section 579.

amended 8 times (opens in a new tab)

s.580 Relief from tax on annual payments under certain insurance policies.

amended 8 times

s.580 Meaning of “self-contained” for the purposes of s.580A.

amended 8 times

s.580 Relief from tax on annual payments under immediate needs annuities

amended 8 times

s.581 Borrowing in foreign currency by local authorities and statutory corporations.

amended 1 time (opens in a new tab)

s.581 Interest on foreign currency securities etc.

amended 1 time

s.582 Funding bonds issued in respect of interest on certain debts.

amended 15 times (opens in a new tab)

s.582 Designated international organisations: miscellaneous exemptions.

amended 15 times

s.583 Inter-American Development Bank.

amended 1 time (opens in a new tab)

s.584 Relief for unremittable overseas income

amended 18 times (opens in a new tab)

s.585 Relief from tax on delayed remittances.

amended 5 times (opens in a new tab)

s.586 Disallowance of deductions for war risk premiums.

amended 2 times (opens in a new tab)

s.587 Disallowance of certain payments in respect of war injuries to employees.

amended 4 times (opens in a new tab)

s.587 New issues of securities: extra return.

amended 4 times

s.587 Gifts of shares, securities and real property to charities etc

amended 4 times

s.587 Qualifying interests in land held jointly

amended 4 times

s.587 Supplementary provision for gifts of real property

amended 4 times

s.588 Training courses for employees.

amended 22 times (opens in a new tab)

s.589 Qualifying courses of training etc.

amended 3 times (opens in a new tab)

s.589 Counselling services for employees.

amended 3 times

s.589 Qualifying counselling services etc.

amended 3 times

3 other sections in this Part — procedural and definitional

s.523 Lapses of patent rights, sales etc.

s.569 Repayment of contributions.

s.572 Application to statutory redundancy schemes.

Part 14

PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.

101 of 111 sections shown

s.590 Conditions for approval of retirement benefit schemes.

amended 35 times (opens in a new tab)

s.590 Section 590: supplementary provisions.

amended 35 times

s.590 Section 590: further supplementary provisions.

amended 35 times

s.590 Earnings cap.

amended 35 times

s.591 Discretionary approval.

amended 12 times (opens in a new tab)

s.591 Effect on approved schemes of regulations under section 591.

amended 12 times

s.591 Cessation of approval: general provisions.

amended 12 times

s.591 Cessation of approval: tax on certain schemes.

amended 12 times

s.591 Section 591C: supplementary.

amended 12 times

s.592 Exempt approved schemes.

amended 16 times (opens in a new tab)

s.594 Exempt statutory schemes.

amended 7 times (opens in a new tab)

s.595 Charge to tax in respect of certain sums paid by employer etc.

amended 5 times (opens in a new tab)

s.596 Exceptions from section 595.

amended 6 times (opens in a new tab)

s.596 Charge to tax: benefits under non-approved schemes.

amended 6 times

s.596 Section 596A: supplementary provisions.

amended 6 times

s.596 Notional interest treated as paid if amount charged in respect of beneficial loan.

amended 6 times

s.597 Charge to tax: pensions.

amended 2 times (opens in a new tab)

s.598 Charge to tax: repayment of employee’s contributions.

amended 4 times (opens in a new tab)

s.599 Charge to tax: commutation of entire pension in special circumstances.

amended 14 times (opens in a new tab)

s.599 Charge to tax: payments out of surplus funds.

amended 14 times

s.600 Charge to tax: unauthorised payments to or for employees.

amended 5 times (opens in a new tab)

s.601 Charge to tax: payments to employers.

amended 3 times (opens in a new tab)

s.602 Regulations relating to pension fund surpluses.

amended 1 time (opens in a new tab)

s.604 Application for approval of a scheme.

amended 3 times (opens in a new tab)

s.605 Information.

amended 7 times (opens in a new tab)

s.605 False statements etc.

amended 7 times

s.606 Default of administrator etc.

amended 8 times (opens in a new tab)

s.606 Recourse to scheme members.

amended 8 times

s.607 Pilots’ benefit fund.

amended 8 times (opens in a new tab)

s.608 Superannuation funds approved before 6th April 1980.

amended 4 times (opens in a new tab)

s.611 Definition of “retirement benefits scheme”.

amended 9 times (opens in a new tab)

s.611 Definition of relevant statutory scheme.

amended 9 times

s.611 Definition of the administrator.

amended 9 times

s.612 Other interpretative provisions, and regulations for purposes of this Chapter.

amended 11 times (opens in a new tab)

s.613 Parliamentary pension funds.

amended 9 times (opens in a new tab)

s.614 Exemptions and reliefs in respect of income from investments etc. of certain pension schemes.

amended 8 times (opens in a new tab)

s.615 Exemption from tax in respect of certain pensions.

amended 17 times (opens in a new tab)

s.616 Other overseas pensions.

amended 1 time (opens in a new tab)

s.617 Social security benefits and contributions.

amended 48 times (opens in a new tab)

s.617 Tax credits under Part 1 of Tax Credits Act 2002

amended 48 times

s.618 Termination of relief under this Chapter, and transitional provisions.

amended 2 times (opens in a new tab)

s.619 Exemption from tax in respect of qualifying premiums.

amended 2 times (opens in a new tab)

s.620 Qualifying premiums.

amended 4 times (opens in a new tab)

s.621 Other approved contracts.

amended 4 times (opens in a new tab)

s.622 Substituted retirement annuity contracts.

amended 1 time (opens in a new tab)

s.623 Relevant earnings.

amended 13 times (opens in a new tab)

s.624 Sponsored superannuation schemes and controlling directors.

amended 2 times (opens in a new tab)

s.627 Lloyd’s underwriters.

amended 2 times (opens in a new tab)

s.628 Partnership retirement annuities.

amended 3 times (opens in a new tab)

s.629 Annuity premiums of Ministers and other officers.

amended 1 time (opens in a new tab)

s.630 Interpretation.

amended 19 times (opens in a new tab)

s.631 Approval of schemes.

amended 4 times (opens in a new tab)

s.631 Conversion of certain approved retirement benefits schemes.

amended 4 times

s.632 Establishment of schemes.

amended 24 times (opens in a new tab)

s.632 Eligibility to make contributions.

amended 24 times

s.632 Eligibility to make contributions: concurrent membership.

amended 24 times

s.633 Scope of benefits.

amended 6 times (opens in a new tab)

s.634 Annuity to member.

amended 2 times (opens in a new tab)

s.634 Income withdrawals by member.

amended 2 times

s.635 Lump sum to member.

amended 9 times (opens in a new tab)

s.636 Annuity after death of member.

amended 9 times (opens in a new tab)

s.636 Income withdrawals after death of member.

amended 9 times

s.637 Death benefit.

amended 1 time (opens in a new tab)

s.637 Return of contributions on or after death of member.

amended 1 time

s.638 Other restrictions on approval.

amended 20 times (opens in a new tab)

s.638 Power to prescribe restrictions on approval.

amended 20 times

s.638 Personal pension arrangements with more than one pension date etc.

amended 20 times

s.639 Member’s contributions.

amended 8 times (opens in a new tab)

s.640 Maximum amount of deductions.

amended 8 times (opens in a new tab)

s.640 Earnings cap.

amended 8 times

s.641 Carry-back of contributions.

amended 3 times (opens in a new tab)

s.641 Election for contributions to be treated as paid in previous year.

amended 3 times

s.642 Carry-forward of relief.

amended 1 time (opens in a new tab)

s.643 Employer’s contributions and personal pension income etc.

amended 3 times (opens in a new tab)

s.644 Meaning of “relevant earnings”.

amended 22 times (opens in a new tab)

s.645 Earnings from pensionable employment.

amended 12 times (opens in a new tab)

s.646 Meaning of “net relevant earnings”.

amended 13 times (opens in a new tab)

s.646 Earnings from associated employments.

amended 13 times

s.646 Presumption of same level of relevant earnings etc for 5 years.

amended 13 times

s.646 Provisions supplementary to section 646B.

amended 13 times

s.646 Higher level contributions after cessation of actual relevant earnings: modification of section 646B.

amended 13 times

s.649 Minimum contributions under Social Security Act 1986.

amended 13 times (opens in a new tab)

s.650 Withdrawal of approval.

amended 1 time (opens in a new tab)

s.650 Charge on withdrawal of approval from arrangements.

amended 1 time

s.651 Appeals.

amended 1 time (opens in a new tab)

s.651 Information powers.

amended 1 time

s.652 Information about payments.

amended 1 time (opens in a new tab)

s.653 Information: penalties.

amended 1 time (opens in a new tab)

s.653 Notices to be given to scheme administrator.

amended 1 time

s.654 Remuneration of Ministers and other officers.

amended 1 time (opens in a new tab)

s.655 Transitional provisions.

amended 6 times (opens in a new tab)

s.656 Purchased life annuities other than retirement annuities.

amended 6 times (opens in a new tab)

s.657 Purchased life annuities to which section 656 applies.

amended 8 times (opens in a new tab)

s.658 Supplementary.

amended 6 times (opens in a new tab)

s.658 Charges and assessments on administrators.

amended 6 times

s.659 Financial futures and traded options.

amended 1 time (opens in a new tab)

s.659 Futures and options.

amended 1 time

s.659 Definition of insurance company.

amended 1 time

s.659 Effect of appointment or arrangements under section 659B.

amended 1 time

s.659 Interpretation of provisions about pension sharing.

amended 1 time

s.659 Treatment of income from property investment LLPs

amended 1 time

10 other sections in this Part — procedural and definitional

s.593 Relief by way of deductions from contributions.

s.603 Reduction of surpluses.

s.609 Schemes approved before 23rd July 1987.

s.610 Amendments of schemes.

s.625 Carry-forward of unused relief under section 619.

s.626 Modification of section 619 in relation to persons over 50.

s.647 Unauthorised payments.

s.648 Contributions under unapproved arrangements.

s.648 Annuities: charge under Schedule E.

s.648 Return of contributions after pension date.

Part 15

SETTLEMENTS

41 of 59 sections shown

s.660 Dispositions for period which cannot exceed six years.

amended 2 times (opens in a new tab)

s.660 Income arising under settlement where settlor retains an interest.

amended 2 times

s.660 Payments to unmarried minor children of settlor.

amended 2 times

s.660 Nature of charge on settlor.

amended 2 times

s.660 Adjustments between settlor and trustees, &c.

amended 2 times

s.660 Application to settlements by two or more settlors.

amended 2 times

s.660 Power to obtain information.

amended 2 times

s.660 Meaning of “settlement” and related expressions.

amended 2 times

s.663 The general rule.

amended 2 times (opens in a new tab)

s.675 Provisions supplementary to sections 671 to 674.

amended 3 times (opens in a new tab)

s.676 Disallowance of deduction from total income of certain sums paid by settlor.

amended 1 time (opens in a new tab)

s.677 Sums paid to settlor otherwise than as income.

amended 11 times (opens in a new tab)

s.678 Capital sums paid by body connected with settlement.

amended 2 times (opens in a new tab)

s.681 Interpretation of Chapter III.

amended 3 times (opens in a new tab)

s.682 Ascertainment of undistributed income.

amended 1 time (opens in a new tab)

s.682 Supplementary provisions.

amended 1 time

s.683 Settlements made after 6th April 1965.

amended 7 times (opens in a new tab)

s.684 Settlements made before 7th April 1965 but after 9th April 1946.

amended 2 times (opens in a new tab)

s.685 Provisions supplementary to sections 683 and 684.

amended 2 times (opens in a new tab)

s.685 Meaning of “settled property”

amended 2 times

s.685 Meaning of “settlor”

amended 2 times

s.685 Transfer between settlements: identification of settlor

amended 2 times

s.685 Variation of will or intestacy, etc: identification of settlor

amended 2 times

s.685 Trustees of settlements

amended 2 times

s.685 Application of section 739 and 740

amended 2 times

s.685 Sub-funds

amended 2 times

s.686 Accumulation and discretionary trusts: special rates of tax.

amended 57 times (opens in a new tab)

s.686 Receipts to be treated as income to which section 686 applies

amended 57 times

s.686 Share incentive plans: distributions in respect of unappropriated shares

amended 57 times

s.686 Interpretation of section 686B

amended 57 times

s.686 Special trust rates not to apply to first slice of trust income

amended 57 times

s.686 Application of section 686D where settlor has made more than one settlement

amended 57 times

s.687 Payments under discretionary trusts.

amended 47 times (opens in a new tab)

s.687 Discretionary payments by trustees to companies.

amended 47 times

s.688 Schemes for employees and directors to acquire shares.

amended 1 time (opens in a new tab)

s.689 Recovery from trustees of discretionary trusts of higher rate tax due from beneficiaries.

amended 3 times (opens in a new tab)

s.689 Disregard of expenses where beneficiary non-resident.

amended 3 times

s.689 Order in which expenses to be set against income.

amended 3 times

s.691 Certain income not to be income of settlor etc.

amended 2 times (opens in a new tab)

s.692 Reimbursement of settlor.

amended 2 times (opens in a new tab)

s.694 Trustees chargeable to income tax in certain cases at higher rate reduced by rate applicable to trusts

amended 7 times (opens in a new tab)

18 other sections in this Part — procedural and definitional

s.661 Adjustments between disponor and trustees.

s.662 Application of Chapter I to dispositions by two or more disponors.

s.664 Accumulation settlements.

s.665 Meaning of “irrevocable”.

s.666 Interest paid by trustees.

s.667 Adjustments between disponor and trustees.

s.668 Application of Chapter II to settlements by two or more settlors.

s.669 Power to obtain information under Chapter II.

s.670 Interpretation of Chapter II.

s.671 Revocable settlements allowing release of obligation.

s.672 Revocable settlements allowing reversion of property.

s.673 Settlements where settlor retains an interest.

s.674 Settlements: discretionary power for benefit of settlor etc.

s.674 Other settlements where settlor retains interest in settled property.

s.679 Application of Chapter III to settlements by two or more settlors.

s.680 Power to obtain information for purposes of Chapter III.

s.690 Schedule 4 directions.

s.693 Severance of settled property for certain purposes.

Part 16

ESTATES OF DECEASED PERSONS IN COURSE OF ADMINISTRATION

10 of 10 sections shown

s.695 Limited interests in residue.

amended 24 times (opens in a new tab)

s.696 Absolute interests in residue.

amended 29 times (opens in a new tab)

s.697 Supplementary provisions as to absolute interests in residue.

amended 7 times (opens in a new tab)

s.698 Special provisions as to certain interests in residue.

amended 9 times (opens in a new tab)

s.698 Taxation of income of beneficiaries at lower rate or at rates applicable to distribution income.

amended 9 times

s.699 Relief from higher rate tax for inheritance tax on accrued income.

amended 7 times (opens in a new tab)

s.699 Untaxed sums comprised in the income of the estate.

amended 7 times

s.700 Adjustments and information.

amended 31 times (opens in a new tab)

s.701 Interpretation.

amended 20 times (opens in a new tab)

s.702 Application to Scotland.

amended 3 times (opens in a new tab)

Part 17

TAX AVOIDANCE

148 of 159 sections shown

s.703 Cancellation of corporation tax advantage.

amended 30 times (opens in a new tab)

s.704 The prescribed circumstances.

amended 24 times (opens in a new tab)

s.705 Appeals against Board’s notices under section 703.

amended 11 times (opens in a new tab)

s.705 Statement of case by tribunal for opinion of High Court.

amended 11 times

s.705 Proceedings in Northern Ireland.

amended 11 times

s.706 The tribunal.

amended 3 times (opens in a new tab)

s.707 Procedure for clearance in advance.

amended 3 times (opens in a new tab)

s.708 Power to obtain information.

amended 5 times (opens in a new tab)

s.709 Meaning of “corporation tax advantage” and other expressions.

amended 10 times (opens in a new tab)

s.710 Meaning of “securities”, “transfer” etc. for purposes of sections 711 to 728.

amended 23 times (opens in a new tab)

s.711 Meaning of “interest”, “transfers with or without accrued interest” etc.

amended 3 times (opens in a new tab)

s.712 Meaning of “settlement day” for purposes of sections 711 to 728.

amended 2 times (opens in a new tab)

s.713 Deemed sums and reliefs.

amended 2 times (opens in a new tab)

s.714 Treatment of deemed sums and reliefs.

amended 7 times (opens in a new tab)

s.715 Exceptions from sections 713 and 714

amended 11 times (opens in a new tab)

s.716 Transfer of unrealised interest.

amended 7 times (opens in a new tab)

s.717 Variable interest rate.

amended 5 times (opens in a new tab)

s.720 Nominees, trustees etc.

amended 20 times (opens in a new tab)

s.721 Death.

amended 6 times (opens in a new tab)

s.723 Foreign securities: delayed remittances

amended 5 times (opens in a new tab)

s.724 Insurance companies.

amended 8 times (opens in a new tab)

s.725 Lloyd’s underwriters.

amended 3 times (opens in a new tab)

s.726 Building societies.

amended 1 time (opens in a new tab)

s.726 New issues of securities.

amended 1 time

s.727 Stock lending.

amended 3 times (opens in a new tab)

s.727 Exception for sale and repurchase of securities.

amended 3 times

s.728 Information.

amended 8 times (opens in a new tab)

s.729 Sale and repurchase of securities.

amended 3 times (opens in a new tab)

s.730 Transfers of rights to receive distributions in respect of shares

amended 32 times (opens in a new tab)

s.730 Treatment of price differential on sale and repurchase of securities.

amended 32 times

s.730 Interpretation of section 730A.

amended 32 times

s.730 Exchange gains and losses on sale and repurchase of securities

amended 32 times

s.730 Exchanges of gilts: traders etc.

amended 32 times

s.731 Application and interpretation of sections 732 to 734.

amended 18 times (opens in a new tab)

s.732 Dealers in securities.

amended 14 times (opens in a new tab)

s.733 Persons entitled to exemptions.

amended 1 time (opens in a new tab)

s.734 Persons other than dealers in securities.

amended 2 times (opens in a new tab)

s.735 Meaning of “appropriate amount in respect of” interest.

amended 6 times (opens in a new tab)

s.736 Company dealing in securities: distribution materially reducing value of holding.

amended 2 times (opens in a new tab)

s.736 Manufactured dividends and interest.

amended 2 times

s.736 Deemed manufactured payments in the case of stock lending arrangements.

amended 2 times

s.736 Deemed interest: cash collateral under stock lending arrangements

amended 2 times

s.736 Quasi-stock lending arrangements and quasi-cash collateral

amended 2 times

s.737 Manufactured dividends: treatment of tax deducted.

amended 31 times (opens in a new tab)

s.737 Sale and repurchase of securities: deemed manufactured payments.

amended 31 times

s.737 Interpretation of section 737A.

amended 31 times

s.737 Deemed manufactured payments: further provisions.

amended 31 times

s.737 Power to provide for manufactured payments to be eligible for relief.

amended 31 times

s.737 Power to modify sections . . . 730A, 730BB and 737A to 737C

amended 31 times

s.738 Power to amend sections 732, 735 and 737.

amended 9 times (opens in a new tab)

s.739 Prevention of avoidance of income tax.

amended 3 times (opens in a new tab)

s.740 Liability of non-transferors.

amended 12 times (opens in a new tab)

s.741 Exemption from sections 739 and 740 (transactions before 5th December 2005)

amended 3 times (opens in a new tab)

s.741 Exemption from sections 739 and 740 (transactions on or after 5th December 2005)

amended 3 times

s.741 Application of sections 741 and 741A

amended 3 times

s.741 Cases where there are both old transactions and new transactions

amended 3 times

s.741 Section 739: just and reasonable apportionment in certain cases

amended 3 times

s.742 Interpretation of this Chapter

amended 11 times (opens in a new tab)

s.743 Supplemental provisions.

amended 8 times (opens in a new tab)

s.745 Power to obtain information.

amended 7 times (opens in a new tab)

s.746 Persons resident in the Republic of Ireland.

amended 4 times (opens in a new tab)

s.747 Imputation of chargeable profits and creditable tax of controlled foreign companies

amended 25 times (opens in a new tab)

s.747 Special rule for computing chargeable profits.

amended 25 times

s.748 Cases where section 747(3) does not apply.

amended 23 times (opens in a new tab)

s.748 Territorial exclusions from exemption under section 748

amended 23 times

s.748 Exclusion of small profits exemptions

amended 23 times

s.749 Residence.

amended 5 times (opens in a new tab)

s.749 Elections and designations under section 749: supplementary provisions.

amended 5 times

s.749 Interests in companies.

amended 5 times

s.750 Territories with a lower level of taxation.

amended 13 times (opens in a new tab)

s.750 Deemed lower level of taxation: designer rate tax provisions.

amended 13 times

s.751 Accounting periods and creditable tax

amended 14 times (opens in a new tab)

s.751 Reduction in chargeable profits for certain activities of EEA business establishments

amended 14 times

s.751 Reduction in chargeable profits for certain financing income

amended 14 times

s.751 Reduction in chargeable profits: failure to qualify for exemptions

amended 14 times

s.751 Reduction in chargeable profits following an exempt period

amended 14 times

s.751 Sections 751A to 751AC: supplementary

amended 14 times

s.753 Notices and appeals.

amended 1 time (opens in a new tab)

s.754 Assessment, recovery and postponement of tax.

amended 23 times (opens in a new tab)

s.754 Returns where it is not established whether acceptable distribution policy applies.

amended 23 times

s.754 Determinations requiring the sanction of the Board.

amended 23 times

s.755 Information relating to controlled foreign companies

amended 1 time (opens in a new tab)

s.755 Treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business.

amended 1 time

s.755 Amendment of return where general insurance business of foreign company accounted for on non-annual basis.

amended 1 time

s.755 Application of Chapter where general insurance business of foreign company accounted for on non-annual basis.

amended 1 time

s.755 “Control" and the two “40 per cent" tests.

amended 1 time

s.756 Interpretation and construction of Chapter IV.

amended 8 times (opens in a new tab)

s.756 General definition of offshore fund

amended 8 times

s.756 Treatment of umbrella funds

amended 8 times

s.756 Treatment of funds comprising more than one class of interest

amended 8 times

s.757 Disposal of material interests in non-qualifying offshore funds

amended 19 times (opens in a new tab)

s.758 Offshore funds operating equalisation arrangements

amended 8 times (opens in a new tab)

s.759 Material interests in offshore funds

amended 13 times (opens in a new tab)

s.760 Non-qualifying offshore funds

amended 5 times (opens in a new tab)

s.761 Charge to income tax or corporation tax of offshore income gain.

amended 25 times (opens in a new tab)

s.762 Offshore income gains accruing to persons resident or domiciled abroad.

amended 17 times (opens in a new tab)

s.762 Exchange of interests of different classes

amended 17 times

s.762 Offshore income gains: application of transfer of assets abroad provisions

amended 17 times

s.762 Income treated as arising under section 761(1): remittance basis

amended 17 times

s.763 Deduction of offshore income gain in determining capital gain.

amended 11 times (opens in a new tab)

s.764 Offshore income gains of trustees.

amended 2 times (opens in a new tab)

s.765 Migration etc. of companies.

amended 4 times (opens in a new tab)

s.765 Movements of capital between residents of member States.

amended 4 times

s.766 Offences under section 765.

amended 1 time (opens in a new tab)

s.767 Interpretation and commencement of sections 765 and 766.

amended 3 times (opens in a new tab)

s.767 Change in company ownership: corporation tax.

amended 3 times

s.767 Change in company ownership: postponed corporation tax.

amended 3 times

s.767 Change of company ownership: supplementary.

amended 3 times

s.767 Change in company ownership: information.

amended 3 times

s.768 Change in ownership of company: disallowance of trading losses.

amended 5 times (opens in a new tab)

s.768 Change in ownership: disallowance of carry back of trading losses.

amended 5 times

s.768 Change in ownership of company with investment business: deductions generally

amended 5 times

s.768 Deductions: asset transferred within group.

amended 5 times

s.768 Change in ownership of company carrying on property business.

amended 5 times

s.768 Change in ownership of company with unused non-trading loss on intangible fixed assets

amended 5 times

s.769 Rules for ascertaining change in ownership of company.

amended 34 times (opens in a new tab)

s.770 Sales etc. at an undervalue or overvalue.

amended 2 times (opens in a new tab)

s.770 Provision not at arm’s length.

amended 2 times

s.772 Information for purposes of section 770, and appeals.

amended 1 time (opens in a new tab)

s.773 Interpretation of sections 770 and 771.

amended 2 times (opens in a new tab)

s.774 Transactions between dealing company and associated company.

amended 6 times (opens in a new tab)

s.774 Meaning of “structured finance arrangement” for purposes of s.774B

amended 6 times

s.774 Disregard of intended effects of arrangement involving disposals of assets

amended 6 times

s.774 Meaning of “structured finance arrangement” for purposes of s.774D

amended 6 times

s.774 Disregard of intended effects of arrangement involving change in relation to a partnership

amended 6 times

s.774 Sections 774B and 774D: exceptions

amended 6 times

s.774 Sections 774B and 774D: power to provide further exceptions

amended 6 times

s.774 Sections 774A to 774D: minor definitions etc

amended 6 times

s.775 Sale by individual of income derived from his personal activities.

amended 3 times (opens in a new tab)

s.775 Transfers of rights to receive annual payments

amended 3 times

s.776 Transactions in land: taxation of capital gains.

amended 34 times (opens in a new tab)

s.777 Provisions supplementary to section 776.

amended 26 times (opens in a new tab)

s.778 Power to obtain information.

amended 6 times (opens in a new tab)

s.779 Sale and leaseback: limitation on tax reliefs.

amended 26 times (opens in a new tab)

s.780 Sale and leaseback: taxation of consideration received.

amended 8 times (opens in a new tab)

s.781 Assets leased to traders and others.

amended 29 times (opens in a new tab)

s.782 Leased assets: special cases.

amended 11 times (opens in a new tab)

s.783 Leased assets: supplemental.

amended 10 times (opens in a new tab)

s.785 Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.

amended 4 times (opens in a new tab)

s.785 Rent factoring of leases of plant or machinery

amended 4 times

s.785 Plant and machinery leases: capital receipts to be treated as income

amended 4 times

s.785 Section 785B: interpretation

amended 4 times

s.785 Section 785B: lease of plant and machinery and other property

amended 4 times

s.785 Section 785B: expectation that relevant capital payment will not be paid

amended 4 times

s.785 Restrictions on use of losses: leasing partnerships

amended 4 times

s.785 Section 785ZA: definitions

amended 4 times

s.786 Transactions associated with loans or credit.

amended 13 times (opens in a new tab)

s.787 Restriction of relief for payments of interest.

amended 9 times (opens in a new tab)

11 other sections in this Part — procedural and definitional

s.718 Interest in default.

s.719 Unrealised interest in default

s.722 Trading stock.

s.722 Gilt strips: deemed transfer.

s.744 No duplication of charge.

s.752 Apportionment of chargeable profits and creditable tax

s.752 Relevant interests.

s.752 Section 752(3): the percentage of shares which a relevant interest represents.

s.752 Interpretation of apportionment provisions.

s.771 Transactions by petroleum companies.

s.784 Leased assets subject to hire-purchase agreements.

Part 18

DOUBLE TAXATION RELIEF

76 of 76 sections shown

s.788 Relief by agreement with other territories.

amended 14 times (opens in a new tab)

s.789 Arrangements made under old law.

amended 5 times (opens in a new tab)

s.790 Unilateral relief.

amended 12 times (opens in a new tab)

s.791 Power to make regulations for carrying out section 788.

amended 1 time (opens in a new tab)

s.792 Interpretation of credit code.

amended 4 times (opens in a new tab)

s.793 Reduction of United Kingdom taxes by amount of credit due.

amended 1 time (opens in a new tab)

s.793 No double relief etc.

amended 1 time

s.794 Requirement as to residence.

amended 4 times (opens in a new tab)

s.795 Computation of income subject to foreign tax.

amended 15 times (opens in a new tab)

s.795 Limits on credit: minimisation of the foreign tax.

amended 15 times

s.796 Limits on credit: income tax.

amended 7 times (opens in a new tab)

s.797 Limits on credit: corporation tax.

amended 17 times (opens in a new tab)

s.797 Foreign tax on items giving rise to a non-trading credit : loan relationships.

amended 17 times

s.797 Foreign tax on items giving rise to a non-trading credit: intangible fixed assets

amended 17 times

s.798 Section 796: trade income

amended 5 times (opens in a new tab)

s.798 Section 797: trade income

amended 5 times

s.798 Section 798A: special cases

amended 5 times

s.798 Disallowed credit: use as deduction

amended 5 times

s.799 Computation of underlying tax.

amended 16 times (opens in a new tab)

s.800 Dividends paid between related companies but not covered by arrangements.

amended 1 time (opens in a new tab)

s.801 Dividends paid between related companies: relief for U.K. and third country taxes.

amended 18 times (opens in a new tab)

s.801 Restriction of relief for underlying tax.

amended 18 times

s.801 Dividends paid out of transferred profits.

amended 18 times

s.801 Separate streaming of dividend so far as representing an ADP dividend of a CFC.

amended 18 times

s.802 U.K. insurance companies trading overseas.

amended 7 times (opens in a new tab)

s.803 Underlying tax reflecting interest on loans.

amended 18 times (opens in a new tab)

s.803 Foreign taxation of group as a single entity.

amended 18 times

s.804 Relief against income tax in respect of income arising in years of commencement.

amended 12 times (opens in a new tab)

s.804 Life assurance companies with overseas branches etc: restriction of credit.

amended 12 times

s.804 Insurance companies carrying on more than one category of business: restriction of credit.

amended 12 times

s.804 Insurance companies: allocation of expenses etc in computations under section 35 of CTA 2009.

amended 12 times

s.804 Interpretation of section 804C in relation to life assurance business etc.

amended 12 times

s.804 Interpretation of section 804C in relation to other insurance business.

amended 12 times

s.804 Interpretation of sections 804A to 804E.

amended 12 times

s.804 Reduction in credit: payment by reference to foreign tax

amended 12 times

s.804 Schemes and arrangements designed to increase relief

amended 12 times

s.804 Effect of notice under section 804ZA

amended 12 times

s.804 Notices under section 804ZA: further provision

amended 12 times

s.805 Elections against credit.

amended 1 time (opens in a new tab)

s.806 Time limit for claims etc.

amended 14 times (opens in a new tab)

s.806 Eligible unrelieved foreign tax on dividends: introductory.

amended 14 times

s.806 The amounts that are eligible unrelieved foreign tax.

amended 14 times

s.806 Onshore pooling.

amended 14 times

s.806 Utilisation of eligible unrelieved foreign tax.

amended 14 times

s.806 Rules for carry back of relievable tax under section 806D.

amended 14 times

s.806 Credit to be given for underlying tax before other foreign tax etc.

amended 14 times

s.806 Claims for the purposes of section 806D(4) or (5).

amended 14 times

s.806 Surrender of relievable tax by one company in a group to another.

amended 14 times

s.806 Interpretation of foreign dividend provisions of this Chapter.

amended 14 times

s.806 Application of foreign dividend provisions to branches or agencies in the UK of persons resident elsewhere.

amended 14 times

s.806 Carry forward or carry back of unrelieved foreign tax.

amended 14 times

s.806 Provisions supplemental to section 806L.

amended 14 times

s.807 Sale of securities with or without accrued interest.

amended 11 times (opens in a new tab)

s.807 Disposals and acquisitions of company loan relationships with or without interest.

amended 11 times

s.807 Introduction to section 807C

amended 11 times

s.807 Tax treated as chargeable in respect of transfer of loan relationship, derivative contract or intangible fixed assets

amended 11 times

s.807 Introduction to section 807E

amended 11 times

s.807 Tax treated as chargeable in respect of transfer of loan relationship, derivative contract or intangible fixed assets

amended 11 times

s.807 Introduction to section 807G

amended 11 times

s.807 Tax treated as chargeable in respect of relevant transactions

amended 11 times

s.808 Restriction on deduction of interest or dividends from trading income.

amended 5 times (opens in a new tab)

s.808 Interest: special relationship.

amended 5 times

s.808 Royalties: special relationship.

amended 5 times

s.809 Relief in respect of discretionary trusts.

amended 4 times (opens in a new tab)

s.810 Postponement of capital allowances to secure double taxation relief.

amended 3 times (opens in a new tab)

s.811 Deduction for foreign tax where no credit allowable.

amended 24 times (opens in a new tab)

s.812 Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.

amended 9 times (opens in a new tab)

s.813 Recovery of tax credits incorrectly paid.

amended 1 time (opens in a new tab)

s.814 Arrangements to avoid section 812.

amended 2 times (opens in a new tab)

s.815 Power to inspect documents.

amended 1 time (opens in a new tab)

s.815 Transfer of a non-UK trade.

amended 1 time

s.815 Mutual agreement procedure and presentation of cases under arrangements.

amended 1 time

s.815 UK residents and foreign enterprises

amended 1 time

s.815 The Arbitration Convention.

amended 1 time

s.815 Exchange of information with other territories.

amended 1 time

s.816 Disclosure of information.

amended 19 times (opens in a new tab)

Part 19

SUPPLEMENTAL

43 of 45 sections shown

s.817 Deductions not to be allowed in computing profits or gains.

amended 8 times (opens in a new tab)

s.818 Arrangements for payments of interest less tax or of fixed net amount.

amended 3 times (opens in a new tab)

s.819 Old references to standard rate tax.

amended 8 times (opens in a new tab)

s.820 Application of Income Tax Acts from year to year.

amended 1 time (opens in a new tab)

s.821 Under-deductions from payments made before passing of annual Act.

amended 13 times (opens in a new tab)

s.822 Over-deductions from interest on loan capital etc. made before passing of annual Act.

amended 1 time (opens in a new tab)

s.823 Adjustments of reliefs where given at different times.

amended 1 time (opens in a new tab)

s.824 Repayment supplements: individuals and others.

amended 62 times (opens in a new tab)

s.825 Repayment supplements: companies.

amended 14 times (opens in a new tab)

s.826 Interest on tax overpaid.

amended 128 times (opens in a new tab)

s.826 Interest on payments in respect of corporation tax and meaning of “the material date".

amended 128 times

s.827 VAT penalties etc.

amended 17 times (opens in a new tab)

s.827 Territorial scope of charges under certain provisions to which section 836B applies

amended 17 times

s.828 Orders and regulations made by the Treasury or the Board.

amended 49 times (opens in a new tab)

s.829 Application of Income Tax Acts to public departments and avoidance of exempting provisions.

amended 5 times (opens in a new tab)

s.830 Territorial sea . . ..

amended 8 times (opens in a new tab)

s.831 Interpretation of this Act.

amended 11 times (opens in a new tab)

s.832 Interpretation of the Corporation Tax Acts etc.

amended 69 times (opens in a new tab)

s.833 Interpretation of Income Tax Acts.

amended 22 times (opens in a new tab)

s.834 Interpretation of the Corporation Tax Acts.

amended 26 times (opens in a new tab)

s.834 Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)

amended 26 times

s.834 Meaning of “UK property business” and “overseas property business”

amended 26 times

s.834 Total profits

amended 26 times

s.835 “Total income” in the Income Tax Acts.

amended 10 times (opens in a new tab)

s.836 Returns of total income.

amended 1 time (opens in a new tab)

s.836 Generally accepted accounting practice

amended 1 time

s.836 Table of provisions to which this section applies

amended 1 time

s.837 “Annual value” of land.

amended 1 time (opens in a new tab)

s.837 Meaning of “

amended 1 time

s.837 Meaning of “ oil and gas exploration and appraisal ”.

amended 1 time

s.837 Meaning of “offshore installation”

amended 1 time

s.838 Subsidiaries.

amended 8 times (opens in a new tab)

s.839 Connected persons.

amended 108 times (opens in a new tab)

s.840 Meaning of “control” in certain contexts.

amended 17 times (opens in a new tab)

s.840 Banks.

amended 17 times

s.840 Meaning of “tax advantage”

amended 17 times

s.841 Meaning of “recognised stock exchange” etc

amended 5 times (opens in a new tab)

s.841 Recognised clearing systems.

amended 5 times

s.842 Investment trusts.

amended 31 times (opens in a new tab)

s.842 Local authorities.

amended 31 times

s.842 Venture capital trusts.

amended 31 times

s.842 Meaning of . . . “property investment LLP”

amended 31 times

s.843 Commencement.

amended 4 times (opens in a new tab)

2 other sections in this Part — procedural and definitional

s.844 Savings, transitional provisions, consequential amendments and repeals.

s.845 Short title.

Schedules

45 of 950 shown

s.sch003 (1) For each quarter in which a person effects a... Regulated

Submit quarterly returns to HMRC for chargeable transactionsAny Person

s.sch003 If a person has made a payment purporting to be... Regulated

Other duties (1) — Crown / regulator

HMRC must repay or adjust overpaid tax under paragraph 6AStatutory regulator

s.sch008 (1) Method A is that the distributable pool is equal... Regulated

Set fixed profit share percentage in employee share schemeEmployer

s.sch008 (1) Method B is that the distributable pool is— Regulated

Calculate distributable pool correctly under Method B for profit-sharing schemesEmployer

s.sch008 (1) The scheme must provide for the preparation of a... Regulated

Prepare true and fair profit and loss accounts for scheme periodsEmployer

s.sch008 (1) The scheme must provide that, in preparing a profit... Regulated

Maintain consistent accounting policies in scheme accountsEmployer

s.sch008 (1) In a case where— (a) paragraph 21 above applies... Regulated

Cap profit-related pay as a percentage of profits when using Method AEmployer

s.sch008 (1) In a case where— (a) paragraph 21 above applies... Regulated

Include payment limits in profit-related pay schemes using method BEmployer

s.sch009 (1) Subject to the provisions of this Schedule, on the... Regulated

Other duties (1) — Crown / regulator

HMRC must approve qualifying share option or profit sharing schemesStatutory regulator

s.sch009 (1) In the case of a profit sharing scheme, scheme... Regulated

Do not use prohibited shares in a profit sharing schemeEmployer

s.sch009 (1) The scheme must provide for the scheme shares to... Regulated

Ensure share scheme limits payments to certified savings scheme repaymentsEmployer

s.sch009 Subject to paragraphs 18 to 21 below, the rights obtained... Regulated

Ensure share scheme rights cannot be exercised before the bonus repayment dateTrader

s.sch009 The scheme must provide that if a person who has... Regulated

Include death-related exercise rules in share schemeEmployer

s.sch009 The scheme must provide that if a person who has... Regulated

Include rules on exercising share rights after employment endsEmployer

s.sch009 The scheme must provide that where a person who has... Regulated

Include retirement-age exercise rights in share scheme rulesEmployer

s.sch009 Except as provided in paragraph 18 above, rights obtained by... Regulated

Ensure scheme rights are non-transferable and expire after 6 monthsTrader

s.sch009 No person shall be treated for the purposes of paragraph... Regulated

Do not treat an employee as leaving employment early for share scheme purposesEmployer

s.sch009 (1) The scheme must provide for a person’s contributions under... Regulated

Ensure savings-related share option scheme contributions comply with limits and structureEmployer

s.sch009 The price at which scheme shares may be acquired by... Regulated

Set share scheme exercise price at fair market value (≥80%)Trader

s.sch009 (1) Subject to paragraph 8 above, every person who— Regulated

Offer share scheme participation on similar terms to all eligible employees and directorsDirector or Officer

s.sch009 (1) A person must not be eligible to obtain rights... Regulated

Restrict share scheme eligibility and prohibit transfer of rightsOperator

s.sch009 (1) The scheme must provide that no person shall obtain... Regulated

Cap employee share option rights at £30,000 market valueAny Person

s.sch009 (1) The price at which scheme shares may be acquired... Regulated

State share option price at grant and ensure it matches market valueEmployer

s.sch009 (1) The scheme must provide for the establishment of a... Regulated

Set up a UK-resident trust to hold and allocate shares to scheme participantsTrader

s.sch009 The trust instrument shall provide that, as soon as practicable... Regulated

Trustees must notify you of share appropriationsTrustee

s.sch009 The scheme must not provide for any person to be... Regulated

Prohibit scheme participation by close-company material-interest holdersEmployer

s.sch009 (1) A share option scheme must provide for directors and... Regulated

Ensure share option and profit sharing scheme shares meet statutory requirementsEmployer

s.sch010 (1) Subject to sub-paragraphs (4) and (5) below, where the... Regulated

Pass on PAYE deductions from share scheme proceeds to the participantDirector or Officer

s.sch011a (1) The change of residence mentioned in paragraphs 3(2) and... Regulated

Ensure change of residence for removal expenses meets qualifying conditionsEmployer

s.sch013 (1) This paragraph shall have effect where— Regulated

Make return and claim ACT repayment for late-received franked investment incomeTrader

s.sch013 Where a company makes a qualifying distribution on a date... Regulated

Report qualifying distributions outside an accounting period within 14 daysTrader

s.sch013a (1) A claim not included in a return or an... Regulated

Submit standalone tax claims to HMRC with supporting documentsAny Person

s.sch015 (1) Subject to the following provisions of this Part of... Regulated

Ensure life insurance policy meets qualifying conditions for tax reliefAny Person

s.sch016 The return made by a company for any period shall... Regulated

Include relevant payments and income tax in company tax returnsTrader

s.sch016 Where a company makes a relevant payment on a date... Regulated

Report relevant payments made outside an accounting period within 14 daysTrader

s.sch017a (1) A claim shall require the consent of the surrendering... Regulated

Give notice of consent to HMRC when surrendering group reliefTrader

s.sch017a (1) A claim under paragraph 5 above shall be expressed... Regulated

Express marginal relief claim as conditional on specified mattersApplicant

s.sch019a (1) In relation to an underwriting year a managing agent... Regulated

Apply for repayment of tax on syndicate investment incomeAny Person

s.sch019ab Entitlement to certain payments on account Regulated

Submit claim for provisional repayment of pension‑related taxTrader

s.sch019ab (1) An insurance company carrying on pension business shall for... Regulated

Claim provisional repayment of income tax and tax credits for pension businessTrader

s.sch023 (1) his paragraph applies where an employee who is a... Regulated

Cap pensionable pay for controlling directors and high earners on retirementEmployer

s.sch023za (1) The trustees of an eligible scheme may at any... Regulated

Apply to HMRC to convert an eligible pension scheme to an approved personal pension schemeTrustee

s.sch028aa (1) This paragraph applies in any case where— Regulated

Guarantor companies may claim to be treated as issuer of guaranteed debt securityTrader

s.sch028b (1) The requirement of this paragraph is that the relevant... Regulated

Ensure property managing subsidiaries are relevant qualifying subsidiariesTrader

s.sch028b (1) The requirements of this paragraph are that . .... Regulated

Your company must not control non-qualifying subsidiaries or be controlled by another companyTrader

905 other schedules

s.003 PUBLIC REVENUE DIVIDENDS ETC. PAYABLE TO THE BANK OF ENGLAND OR THE BANK OF IRELAND OR ENTRUSTED FOR PAYMENT TO THE BANK OF ENGLAND, THE BANK OF IRELAND OR THE NATIONAL DEBT COMMISSIONERS

s.004 Interpretation

s.009 APPROVED SHARE OPTION SCHEMES AND PROFIT SHARING SCHEMES

s.011 Introductory

s.014 PROVISIONS ANCILLARY TO SECTION 266

s.015 QUALIFYING POLICIES

s.017 DIVISION OF ACCOUNTING PERIODS COVERING 1st APRIL 1987

s.020 QUALIFYING INVESTMENTS

s.023 Preliminary

s.025 Cases where section 747(3) does not apply

s.028 DISPOSALS OF INTERESTS IN NON-QUALIFYING FUNDS

s.031 REPEALS

s.sch001 (1) Except as provided by sub-paragraphs (2) and (3) below,...

s.sch001 (1) Subject to sub-paragraph (2) below, no payment shall be...

s.sch001 (1) Section 30 shall not apply in relation to expenditure...

s.sch003 The Bank of England and the Bank of Ireland as...

s.sch003 Nothing in paragraphs 6 to 6F above shall impose on...

s.sch003 Where income tax in respect of the proceeds of the...

s.sch003 (1) . . . ,the Board may, by notice served...

s.sch003 In this Part of this Schedule— “dividends” includes foreign dividends,...

s.sch003 (1) Any person who is entrusted with the payment of...

s.sch003 (1) In the case of dividends and profits attached thereto...

s.sch003 Money set apart or retained under paragraph 2 above, and...

s.sch003 No deduction of income tax under this Part of this...

s.sch003 Where any payment is made of public revenue dividends payable...

s.sch003 (1) The following persons are chargeable persons for the purposes...

s.sch003 (1) On the fourteenth day following the month in which...

s.sch003 Any tax due under paragraph 6A above shall carry interest,...

s.sch003 (1) Any income tax which has become due under paragraph...

s.sch003 (1) None of the provisions of section 29 of the...

s.sch004 (1) For the purposes of this Schedule—

s.sch004 (1) Where a deep discount security issued by a close...

s.sch004 (1) Where any deep discount security issued by a company...

s.sch004 Where any deep discount security issued by a public body...

s.sch004 (1) This paragraph applies where— (a) securities (old securities) of...

s.sch004 The rules contained in section 108 of the 1992 Act...

s.sch004 (1) Every company which issues deep discount securities shall cause...

s.sch004 A charity shall be exempt from income tax in respect...

s.sch004 (1) In a case where— (a) paragraph 4 above would...

s.sch004 (1) In a case where— (a) a security is the...

s.sch004 (1) Where on the disposal by trustees of a deep...

s.sch004 (1) In a case where— (a) securities have been issued...

s.sch004 (1) This sub-paragraph applies to deep discount securities issued by...

s.sch004 (1) In a case where— (a) all the securities issued...

s.sch004 In a case where— (a) a security is a qualifying...

s.sch004 (1) Where a person acquires a chargeable security, the chargeable...

s.sch004 (1) On the disposal by any person of any deep...

s.sch004 (1) In computing the corporation tax chargeable for any accounting...

s.sch004 (1) Section 494 shall apply in relation to income elements...

s.sch004 (1) Subject to sub-paragraphs (2) and (3) below, there is...

s.sch004 (1) Where any deep discount security is disposed of and...

s.sch004 (1) Where a deep discount security issued by a company...

s.sch004a CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS

s.sch004a Schedule 4A para.1

s.sch004a Schedule 4A para.10

s.sch004a Schedule 4A para.11

s.sch004a Schedule 4A para.12

s.sch004a Schedule 4A para.13

s.sch004a Schedule 4A para.14

s.sch004a Schedule 4A para.2

s.sch004a Schedule 4A para.3

s.sch004a Schedule 4A para.4

s.sch004a Schedule 4A para.5

s.sch004a Schedule 4A para.6

s.sch004a Schedule 4A para.7

s.sch004a Schedule 4A para.8

s.sch004a Schedule 4A para.9

s.sch004aa (1) This Schedule forms part of the SIP code (see...

s.sch004aa (1) The Inland Revenue may by notice direct that the...

s.sch004aa (1) If approval of a share incentive plan is withdrawn...

s.sch004aa (1) This paragraph applies where the company has issued a...

s.sch004aa (1) The provisions of this Schedule apply in relation to—...

s.sch004aa (1) Where, under an approved share incentive plan, shares are...

s.sch004aa (1) Where under an approved share incentive plan—

s.sch004aa (1) No deduction is allowed under paragraph 2 or 3...

s.sch004aa (1) No deduction is allowed for expenses in providing shares...

s.sch004aa (1) This paragraph applies if any of a participant’s plan...

s.sch004aa (1) A deduction is allowed under this paragraph for expenses...

s.sch004aa (1) Nothing in this Schedule affects any deduction for expenses...

s.sch004aa (1) A deduction is allowed to a company under this...

s.sch005 (1) Subject to the provisions of this Schedule, in computing...

s.sch005 Where an election for the herd basis is made, every...

s.sch005 Where an election for the herd basis has effect for...

s.sch005 The validity of an election for the herd basis in...

s.sch005 (1) An election for the herd basis shall apply to...

s.sch005 (1) Where an election for the herd basis has effect,...

s.sch005 A farmer who, having kept a production herd of a...

s.sch005 (1) Where a farmer transfers to another person all or...

s.sch005 (1) Where the whole or a substantial part of a...

s.sch005 Nothing in this Schedule applies to any animals kept wholly...

s.sch005 (1) In this Schedule “herd” includes a flock, and any...

s.sch005 (1) The preceding provisions of this Schedule shall, with the...

s.sch005a (1) In this Schedule— (a) “approved stock lending arrangement” means...

s.sch005a (1) This paragraph applies where in connection with an approved...

s.sch005a (1) Where the lender under one or more approved stock...

s.sch005a In this Schedule— “relief” means relief by way of— deduction...

s.sch005aa Charge to tax etc.

s.sch005aa (1) Subject to sub-paragraph (2) below, profits and gains arising...

s.sch005aa (1) This Schedule applies to a transaction if—

s.sch005aa (1) For the purposes of this Schedule a guaranteed return...

s.sch005aa (1) For the purposes of this Schedule a disposal is...

s.sch005aa (1) This paragraph applies where for the purposes of this...

s.sch005aa (1) In this Schedule references to the return from one...

s.sch005aa (1) For the purposes of this Schedule two or more...

s.sch005aa (1) Where any profits or gains are treated, in accordance...

s.sch005aa For the purpose of determining whether an individual ordinarily resident...

s.sch005aa (1) This paragraph applies where— (a) any determination falls to...

s.sch006 (1) The cash equivalent of the benefit is the appropriate...

s.sch006 For the purposes of this Schedule a car is available...

s.sch006 The appropriate percentage for the year is determined in accordance...

s.sch006 (1) This paragraph applies where— (a) the car—

s.sch006 (1) For the purposes of paragraph 3 above the lower...

s.sch006 Where the car— (a) is first registered on or after...

s.sch006 (1) Sub-paragraph (2) below applies where— (a) paragraph 3 above...

s.sch006 In this Schedule— “EC certificate of conformity” means a certificate...

s.sch006 (1) This paragraph applies where— (a) the car is first...

s.sch006 (1) This paragraph applies where the car—

s.sch006 The Treasury may by regulations provide for the value of...

s.sch006 (1) This paragraph applies where the car was first registered...

s.sch006 For the purposes of this Schedule, a vehicle is not...

s.sch006 Subject to paragraph 7 below, where for any part of...

s.sch006 (1) Where in the year concerned the employee is required,...

s.sch006 The Treasury may by regulations provide that where—

s.sch006 For the purposes of this Schedule a car is to...

s.sch006a (1) This paragraph applies where the van mentioned in section...

s.sch006a (1) This paragraph applies where— (a) a cash equivalent of...

s.sch006a In a case where— (a) the cash equivalent of the...

s.sch006a For the purposes of this Schedule a van is available...

s.sch006a (1) Subject to paragraph 3 below, where paragraph 1 above...

s.sch006a (1) Where paragraph 1 above applies and in the year...

s.sch006a (1) This Part of this Schedule applies to a van...

s.sch006a (1) This paragraph applies where for any year this Part...

s.sch006a (1) Subject to sub-paragraph (2) below, the basic value of...

s.sch006a Where (apart from this paragraph) the figure found under paragraph...

s.sch006a (1) In a case where— (a) a figure is found...

s.sch006a (1) Where this Part of this Schedule applies and in...

s.sch007 (1) Subject to sub-paragraph (5) below, the benefit of a...

s.sch007 (1) If— (a) a person has a loan on which...

s.sch007 (1) Where in any year a person has, alone or...

s.sch007 References in paragraphs 10 and 11 above to a husband...

s.sch007 This Part of this Schedule is subject to the provisions...

s.sch007 This Part of this Schedule applies in relation to the...

s.sch007 Where this Part of this Schedule applies in relation to...

s.sch007 (1) Where, by virtue only of paragraph 15 above, paragraph...

s.sch007 Paragraph 15 above shall not prevent paragraph 7, 8 or...

s.sch007 If, in the case of the employee, there is a...

s.sch007 (1) In this Schedule— “eligible for relief” shall be construed...

s.sch007 In paragraph 1 above— (a) references to a loan being...

s.sch007 (1) The cash equivalent for any year of the benefit...

s.sch007 (1) In the absence of a requirement or election that...

s.sch007 (1) For any year of assessment (“the relevant year”) the...

s.sch007 (1) Where in any year there are two or more...

s.sch007 Section 160(1) does not apply to a loan in any...

s.sch007 Where for any year interest is paid on a loan...

s.sch007 (1) Where for any year— (a) no interest is paid...

s.sch007a For the purposes of section 161B(1) a loan “on ordinary...

s.sch007a (1) This paragraph applies to any loan and the relevant...

s.sch007a (1) This paragraph applies to a loan that has been...

s.sch007a (1) The requirements of this paragraph apply to a loan...

s.sch007a Amounts incurred by the person to whom a loan is...

s.sch007a For the purposes of this Schedule a “member of the...

s.sch008 The terms of the scheme must be set out in...

s.sch008 (1) Subject to sub-paragraphs (2) and (3) below, any such...

s.sch008 The scheme must contain provisions by reference to which the...

s.sch008 Except where the scheme is a replacement scheme (within the...

s.sch008 (1) Where a scheme includes provision by virtue of paragraph...

s.sch008 (1) Where a scheme includes provision to give effect to...

s.sch008 If the scheme is a replacement scheme (within the meaning...

s.sch008 The scheme must provide for the whole of the distributable...

s.sch008 The scheme must make provision as to when payments will...

s.sch008 (1) The provisions of the scheme must be such that...

s.sch008 (1) The Treasury may by order amend paragraph 19 above...

s.sch008 The scheme must identify the scheme employer.

s.sch008 (1) This paragraph shall apply to a scheme if the...

s.sch008 (1) Where paragraph 21 above applies to a scheme, the...

s.sch008 If the scheme employer does not pay the emoluments of...

s.sch008 (1) The scheme must identify the undertaking to which the...

s.sch008 The scheme must contain provisions by reference to which the...

s.sch008 The scheme must contain provisions ensuring that no payments are...

s.sch008 (1) The scheme must contain provisions ensuring that no payments...

s.sch008 The persons within this paragraph are any of the following...

s.sch008 The scheme must identify the accounting period or periods by...

s.sch009 Scheme shares must form part of the ordinary share capital...

s.sch009 Scheme shares must be— (a) shares of a class listed...

s.sch009 (1) Scheme shares must be— (a) fully paid up;

s.sch009 (1) In determining, in the case of a share option...

s.sch009 (1) Except where scheme shares are shares in a company...

s.sch009 (1) Except in the case of a profit sharing scheme,...

s.sch009 (1) The Board shall not approve a scheme under this...

s.sch009 (1) The scheme may provide that— (a) if any person...

s.sch009 (1) If, at any time after the Board have approved...

s.sch009 (1) The trust instrument must contain a provision prohibiting the...

s.sch009 The trust instrument must contain a provision requiring the trustees—...

s.sch009 The trust instrument must impose an obligation on the trustees—...

s.sch009 (1) An individual shall not be eligible to have shares...

s.sch009 (1) Subject to paragraphs 8 and 35 above, every person...

s.sch009 (1) This paragraph applies in a case where—

s.sch009 (1) For the purposes of section 187(3)(a) a right to...

s.sch009 In applying section 187(3), as respects any time before or...

s.sch009 If an alteration is made in the scheme at any...

s.sch009 (1) Where an individual has an interest in shares or...

s.sch009 If aggrieved— (a) in any case, by the failure of...

s.sch009 The Board may by notice require any person to furnish...

s.sch009 The provisions of this Part apply in relation to all...

s.sch009 (1) In the case of a savings-related share option scheme...

s.sch010 (1) Any obligation placed on the participant by virtue of...

s.sch010 For the purposes of any of the relevant provisions, “the...

s.sch010 (1) For the purposes of any of the relevant provisions...

s.sch010 (1) In paragraph 3 above the reference to the relevant...

s.sch010 (1) Money or money’s worth is not a capital receipt...

s.sch010 (1) This paragraph applies where there occurs in relation to...

s.sch010 (1) Paragraph 5(2) to (6) above apply where there occurs...

s.sch010 (1) This paragraph applies in any case where—

s.sch011 The provisions of this Schedule supplement the provisions of section...

s.sch011 Tax is not charged under section 148 if foreign service...

s.sch011 (1) Where there is foreign service and paragraph 10 does...

s.sch011 (1) For the purposes of section 148, the amount of...

s.sch011 (1) This paragraph applies where a person is chargeable to...

s.sch011 (1) Tax under section 148 is charged on the employee...

s.sch011 Provision may be made by regulations under section 203(2) requiring...

s.sch011 In this Schedule— “the relevant date” means the date of...

s.sch011 (1) Section 148 applies to all payments and other benefits...

s.sch011 Tax is not charged under section 148 on a payment...

s.sch011 (1) Tax is not charged under section 148 on a...

s.sch011 Tax is not charged under section 148 on a payment...

s.sch011 (1) Tax is not charged under section 148 on—

s.sch011 (1) This pargraph specifies how the £30,000 threshold in section...

s.sch011 (1) For the purposes of paragraph 7(2)(b) employers are associated...

s.sch011 (1) If the employee’s service in the employment in respect...

s.sch011a (1) Where by reason of a person’s employment—

s.sch011a Expenses fall within paragraph 7(c) above if (and only if)—...

s.sch011a (1) Expenses fall within paragraph 7(d) above if (and only...

s.sch011a (1) Expenses fall within paragraph 7(e) above if (and only...

s.sch011a (1) Expenses fall within paragraph 7(f) above if (and only...

s.sch011a (1) Expenses fall within paragraph 7(g) above if (and only...

s.sch011a (1) The Treasury may make regulations amending the preceding provisions...

s.sch011a Benefits are eligible removal benefits if they fall into one...

s.sch011a (1) A benefit falls within paragraph 16(a) above if (and...

s.sch011a (1) A benefit falls within paragraph 16(b) above if (and...

s.sch011a A benefit falls within paragraph 16(c) above if (and only...

s.sch011a (1) This paragraph applies where— (a) any payment or benefit...

s.sch011a (1) A benefit falls within paragraph 16(d) above if (and...

s.sch011a (1) A benefit falls within paragraph 16(e) above if (and...

s.sch011a (1) A benefit falls within paragraph 16(f) above if (and...

s.sch011a (1) The Treasury may make regulations amending the preceding provisions...

s.sch011a (1) In a case where, by reason of the employee’s...

s.sch011a In this Schedule— (a) references to the residence of the...

s.sch011a For the purposes of this Schedule a person is not...

s.sch011a In this Schedule references to employment include references to any...

s.sch011a References in this Schedule to subsistence are to food, drink...

s.sch011a This Schedule applies to any payment made, or any benefit...

s.sch011a (1) Expenses are not qualifying removal expenses unless they are...

s.sch011a (1) A benefit is not a qualifying removal benefit unless...

s.sch011a (1) Subject to sub-paragraph (2) below, the relevant day, in...

s.sch011a Expenses are eligible removal expenses if they fall into one...

s.sch011a (1) Expenses fall within paragraph 7(a) above if (and only...

s.sch011a (1) Expenses fall within paragraph 7(b) above if (and only...

s.sch012 This Schedule shall have effect for the purpose of supplementing...

s.sch012 For the purposes of section 192A and this Schedule the...

s.sch012 (1) This paragraph has effect where a deduction falls to...

s.sch012 (1) For the purposes of section 192A a qualifying period...

s.sch012 For the purposes of this Schedule a person shall not...

s.sch012 Notwithstanding section 132(4)(b), there shall be treated for the purposes...

s.sch012 Where an employment is in substance one the duties of...

s.sch012 In this Schedule references to an employment include references to...

s.sch012a (1) The provisions of this Schedule apply for the purposes...

s.sch012a (1) “Ordinary commuting” means travel between— (a) the employee’s home,...

s.sch012a Travel between any two places that is for practical purposes...

s.sch012a For the purposes of paragraph 2, subject to the following...

s.sch012a (1) A place is not regarded as a temporary workplace...

s.sch012a A place which the employee regularly attends in the performance...

s.sch012a (1) An employee is treated as having a permanent workplace...

s.sch012aa Schedule 12AA para.1

s.sch012aa Schedule 12AA para.2

s.sch012aa Schedule 12AA para.3

s.sch012aa Schedule 12AA para.4

s.sch012aa Schedule 12AA para.5

s.sch012aa Schedule 12AA para.6

s.sch012aa Schedule 12AA para.7

s.sch012aa Schedule 12AA para.8

s.sch012aa One employment is associated with another if— the employer is...

s.sch013 (1) A company shall for each of its accounting periods...

s.sch013 (1) All the provisions of the Corporation Tax Acts as...

s.sch013 (1) Subject to paragraph 7(2) below, the return made by...

s.sch013 (1) Subject to paragraph 7(2) below, advance corporation tax in...

s.sch013 (1) This paragraph and paragraph 3B below apply where—

s.sch013 (1) Without prejudice to paragraph 3 above, if at any...

s.sch013 (1) This paragraph shall have effect where—

s.sch013 Where under paragraph 2 or 4 above franked investment income...

s.sch013 (1) Where a claim has been made under paragraph 5...

s.sch013 (1) Where under paragraph 2 or 4A above foreign income...

s.sch013 (1) This paragraph applies to— (a) any qualifying distribution which...

s.sch013 (1) If a company becomes aware— (a) that anything which...

s.sch013 Where any item has been included in a return under...

s.sch013 (1) This paragraph applies in any case where, by virtue...

s.sch013a (1) In this Schedule any reference to a claim is...

s.sch013a Nothing in the Management Act shall be read as allowing...

s.sch013a (1) Where— (a) a claim is made after an assessment...

s.sch013a (1) Where— (a) by virtue of section 239(4), advance corporation...

s.sch013a (1) Sub-paragraph (3) below applies where— (a) under section 239(1),...

s.sch013a (1) The standard provisions about enquiries into self-assessments . ....

s.sch013a (1) Where— (a) a claim is withdrawn after an assessment...

s.sch013a (1) Surrenders to different subsidiaries or to the same subsidiary...

s.sch013a (1) A claim must specify— (a) the amount the benefit...

s.sch013a A claim by the surrendering company must be made within...

s.sch013a (1) Where a claim could be made by being included...

s.sch013a (1) A claim shall not be withdrawn except by a...

s.sch013a Where— (a) a claim (“claim A”) is withdrawn, and

s.sch013a (1) Subject to sub-paragraph (3) below, a claim shall not...

s.sch013b (1) Paragraphs 2 to 5 below apply where at any...

s.sch013b Subject to paragraph 3 below, the lower-earning partner shall not...

s.sch013b (1) This paragraph applies if no part of either partner’s...

s.sch013b (1) This paragraph applies where— (a) a partner is entitled...

s.sch013b (1) This paragraph applies to elections under paragraph 3 above....

s.sch013b (1) This paragraph applies to a child for a year...

s.sch013b (1) This paragraph applies where a child is a relevant...

s.sch013b (1) For the purposes of this paragraph a change of...

s.sch014 (1) In section 266— (a) references to an individual's spouse...

s.sch014 (1) This paragraph applies to— (a) a policy issued in...

s.sch014 (1) Where a policy is issued or a contract is...

s.sch014 (1) Where it appears to the Board that the relief...

s.sch014 Where a person is entitled to relief under section 266...

s.sch014 (1) Where in any year of assessment the relief to...

s.sch014 (1) The Board may make regulations for carrying into effect...

s.sch014 (1) A policy of life insurance issued in respect of...

s.sch015 (1) Subject to the following provisions of this Part of...

s.sch015 A policy which secures a capital sum payable only on...

s.sch015 (1) A policy which evidences a contract of insurance to...

s.sch015 For the purpose of determining whether any policy is a...

s.sch015 Subject to paragraph 14 below, where the terms of any...

s.sch015 (1) A policy shall not be a qualifying policy if...

s.sch015 (1) Where, in the case of a policy under which...

s.sch015 In determining whether a policy is a qualifying policy, no...

s.sch015 (1) Subject to paragraph 19 below, where one policy (“the...

s.sch015 (1) Subject to paragraph 19 below and to the provisions...

s.sch015 (1) The following provisions of this paragraph shall have effect...

s.sch015 (1) Where, as a result of a variation in the...

s.sch015 In this Part of this Schedule “ industrial assurance business...

s.sch015 (1) This paragraph applies to a qualifying policy (“the original...

s.sch015 (1) A policy of life insurance issued in respect of...

s.sch015 (1) A body which issues or which, after 5th April...

s.sch015 In this Part— (a) any reference to a paragraph is...

s.sch015 (1) This paragraph applies to a policy of life insurance—...

s.sch015 (1) In the application of paragraph 17 in any case...

s.sch015 If, in the case of a substitution of policies falling...

s.sch015 (1) For the purposes of Part I and paragraph 24,...

s.sch015 (1) Paragraphs 1 and 2 above do not apply to...

s.sch015 (1) The provisions of this paragraph have effect notwithstanding anything...

s.sch015 Section 466 shall apply for the interpretation of paragraphs 3...

s.sch015 (1) A policy which was issued by any registered friendly...

s.sch015 Any expression— (a) which is used in any provision made...

s.sch015 (1) A policy issued in the course of an industrial...

s.sch015 Where a policy issued in respect of an insurance made...

s.sch015 (1) Paragraphs 7 and 8 above shall have effect in...

s.sch015 (1) The following provisions apply to any policy which is...

s.sch015 (1) Sub-paragraph (2) applies if— (a) an event falling within...

s.sch015 (1) For the purposes of paragraphs A1(1)(c) and A2(1)(c) above...

s.sch015 (1) This paragraph applies for the purposes of this Part...

s.sch015 (1) In this Part of this Schedule—

s.sch015 (1) Sub-paragraph (2) applies in relation to a policy issued...

s.sch015 (1) Sub-paragraph (2) applies if any rights under a qualifying...

s.sch015 (1) Sub-paragraph (2) applies if any of the following events...

s.sch015a This Schedule shall have effect for the purposes of section...

s.sch015a (1) Where an authorisation has been given under section 326(8)...

s.sch015a (1) If the Treasury act as regards an authorisation under...

s.sch015a (1) A share option linked scheme is a scheme under...

s.sch015a A relevant European institution is an EEA firm of the...

s.sch015a (1) The requirements which may be specified under section 326(3)(b),...

s.sch015a (1) Where a specification has been made under section 326(3)(b),...

s.sch015a (1) The Treasury may authorise a society or institution under...

s.sch015a (1) Where an authorisation has been given under section 326(7)...

s.sch015b (1) Subject to the following provisions of this Schedule, an...

s.sch015b (1) An individual shall not be entitled to relief under...

s.sch015b (1) This paragraph applies, subject to sub-paragraph (5) below, where—...

s.sch015b (1) Any relief given under this Part of this Schedule...

s.sch015b (1) Where an event occurs by reason of which any...

s.sch015b (1) In this Part of this Schedule “eligible shares”, in...

s.sch015b (1) A relevant distribution of a venture capital trust shall...

s.sch015b (1) For the purposes of this Part of this Schedule...

s.sch015b (1) In this Part of this Schedule “ordinary shares”, in...

s.sch016 In this Schedule “relevant payment” means any payment to which...

s.sch016 (1) All the provisions of the Income Tax Acts as...

s.sch016 Nothing in paragraphs 1 to 10 above shall be taken...

s.sch016 (1) A company shall for each of its accounting periods...

s.sch016 (1) . . . Income tax in respect of any...

s.sch016 (1) Where in any accounting period a company receives any...

s.sch016 (1) Where a claim has been made under paragraph 5...

s.sch016 Income tax set against other tax under paragraph 5 above...

s.sch016 (1) If a company becomes aware— (a) that anything which...

s.sch016 Where any item has been included in a return or...

s.sch017 (1) This Part of this Schedule has effect in the...

s.sch017 Subject to paragraph 5 below, for the purposes referred to...

s.sch017 If, in the straddling period of a dual resident investing...

s.sch017 In this Part of this Schedule— (a) a “1986 accounting...

s.sch017 (1) If the conditions in sub-paragraph (2) or (3) below...

s.sch017 (1) If, in the case of a dual resident investing...

s.sch017 Notice of the giving of a direction under paragraph 5...

s.sch017 (1) Parts I and II of this Schedule have effect...

s.sch017a (1) This Schedule has effect as respects claims for group...

s.sch017a (1) This paragraph applies in relation to claims under paragraph...

s.sch017a (1) All such assessments or adjustments of assessments shall be...

s.sch017a (1) No claim for an accounting period of a company...

s.sch017a Where under paragraph 2 or 3 above a claim may...

s.sch017a (1) A claim for an accounting period of a company...

s.sch017a (1) A claim shall be made by being included in...

s.sch017a A claim may be made for less than the full...

s.sch017a A claim, other than one under paragraph 5 above, shall...

s.sch018 (1) For the purposes of sections 403C and 413(7) and...

s.sch018 (1) This paragraph applies to a right to dividends carried...

s.sch018 (1) Subject to the following provisions of this Schedule, for...

s.sch018 (1) This paragraph applies if any of the equity holders—...

s.sch018 (1) This paragraph applies if, at any time in the...

s.sch018 (1) In a case where paragraphs 4 and 5 above...

s.sch018 (1) This paragraph applies if, at any time in the...

s.sch018 (1) In a case where paragraphs 4 and 5B above...

s.sch018 (1) In a case where paragraphs 5 and 5B above...

s.sch018 (1) In a case where paragraphs 4 and 5 and...

s.sch018 (1) This paragraph has effect, in the cases specified in...

s.sch018 For the purposes of sections 403C and 413(7) and paragraphs...

s.sch018 (1) In this Schedule “the relevant accounting period” means (subject...

s.sch018a This Part of this Schedule applies, in the case of...

s.sch018a (1) This Part of this Schedule applies in the case...

s.sch018a (1) The EEA amount must, on the relevant assumptions (see...

s.sch018a (1) It is to be assumed that the EEA company...

s.sch018a (1) In the case of any trade carried on by...

s.sch018a (1) It is to be assumed that an accounting period...

s.sch018a (1) This paragraph applies if, before the beginning of the...

s.sch018a (1) For the purposes of this Part of this Schedule...

s.sch018a (1) This paragraph applies for the purposes of this Schedule....

s.sch018a An amount meets the equivalence condition if it corresponds (in...

s.sch018a (1) In the case of a non-resident company which is...

s.sch018a (1) This paragraph applies in the case of a non-resident...

s.sch018a (1) For the purposes of paragraph 5, an amount cannot...

s.sch018a (1) For the purposes of paragraph 5, an amount has...

s.sch018a (1) This paragraph applies in the case of a non-resident...

s.sch019 (1) Subject to the provisions of this Part of this...

s.sch019 (1) Where a close company ceases to carry on the...

s.sch019 (1) Subject to paragraph 12below, where a company is subject...

s.sch019 (1) Where a company issues to a close company any...

s.sch019 (1) Where in the case of any company the inspector...

s.sch019 (1) Where notice has been served on a company under...

s.sch019 (1) If the inspector discovers that the amount apportioned in...

s.sch019 (1) A close company may, at any time after the...

s.sch019 (1) The inspector may, by notice, require any company which...

s.sch019 (1) Any functions conferred by this Chapter on the inspector...

s.sch019 (1) Subject to paragraphs 10and 12below, the relevant income of...

s.sch019 (1) For the purposes of this Chapter the distributions of...

s.sch019 (1) For the purposes of this Chapter, the distributable income...

s.sch019 (1) For the purposes of this Chapter, “estate or trading...

s.sch019 (1) The amount for part of an accounting period of...

s.sch019 (1) For the purposes of this Chapter, a “trading company”...

s.sch019 (1) For the purposes of paragraph 1(2)above there shall be...

s.sch019 (1) Paragraph 1(3)above shall not apply to—

s.sch019a (1) In this Schedule— “agent”, in relation to a syndicate...

s.sch019a (1) If it appears to an inspector or the Board...

s.sch019a (1) Interest charged under paragraph 3(4)above shall be treated for...

s.sch019a (1) An inspector may, at any time after the end...

s.sch019a (1) In the case of a member’s profit for a...

s.sch019a (1) If the members’ agent delivers a return in accordance...

s.sch019a (1) If the inspector is satisfied that a return under...

s.sch019a (1) The [managing ] agent may appeal against a determination...

s.sch019a (1) Where the [managing ] agent appeals against a determination...

s.sch019a (1) Where a determination of a syndicate profit or loss...

s.sch019a (1) A determination of a syndicate profit or loss for...

s.sch019a For the purposes of sections 36, of the Taxes Management...

s.sch019aa (1) This Schedule shall have effect for determining for the...

s.sch019aa (1) Assets of a company at the end of a...

s.sch019aa (1) Where the value of the assets mentioned in paragraph...

s.sch019aa (1) The amount referred to in paragraph 3 above shall...

s.sch019aa (1) Any designation of assets required for the purposes of...

s.sch019ab (1) This paragraph applies in any case where—

s.sch019ab (1) In any case where— (a) an insurance company’s self-assessment...

s.sch019ab (1) The Board may by regulations make provision for the...

s.sch019ab (1) This paragraph applies in relation to an accounting period...

s.sch019ab (1) In this Schedule— “ provisional fraction ” shall be...

s.sch019aba INTRODUCTORY

s.sch019aba (1) In their application to a BLAGAB group reinsurer the...

s.sch019aba Omit section 804D (interpretation of section 804C in relation to...

s.sch019aba In section 804E (interpretation of section 804C in relation to...

s.sch019aba The Finance Act 1989 shall have effect with the following...

s.sch019aba Omit section 82B (unappropriated surplus on valuation).

s.sch019aba Omit section 82D (treatment of profits: life assurance—adjustment consequent on...

s.sch019aba Omit section 82E (section 82D: treatment of transferors under insurance...

s.sch019aba Omit section 82F (section 82D: treatment of transferees under insurance...

s.sch019aba In section 83 (receipts to be taken into account)—

s.sch019aba In section 83XA (structural assets) in subsection (3)) for the...

s.sch019aba Omit section 83YA (changes in value of assets brought into...

s.sch019aba This Act shall have effect with the following modifications.

s.sch019aba Omit section 83YB (meaning of “appropriate line 51” amount for...

s.sch019aba Omit sections 83YC to 83YF (financing-arrangement-funded transfers).

s.sch019aba (1) Modify section 83A (meaning of “brought into account”) as...

s.sch019aba Omit section 83B (changes in recognised accounts: attribution of amounts...

s.sch019aba In section 85A (excess adjusted life assurance trade profits) in...

s.sch019aba Omit section 86 (spreading of relief for acquisition expenses).

s.sch019aba In section 89 (policy holders' share of profits) omit subsection...

s.sch019aba TIOPA 2010 shall have effect with the following modifications.

s.sch019aba Omit section 102.

s.sch019aba In section 103(1) omit the words from “if” to the...

s.sch019aba (1) Modify section 76 (expenses of insurance companies) as follows....

s.sch019aba (1) Modify section 431(2) (interpretative provisions relating to insurance companies)...

s.sch019aba (1) Modify section 432B (apportionment of receipts brought into account)...

s.sch019aba Omit section 432E (section 432B apportionment: participating funds).

s.sch019aba Omit section 432F (section 432B apportionment: supplementary provisions).

s.sch019aba In section 444AA (transfers of business: deemed periodical returns) in...

s.sch019aba In section 444ABA (relevant non-transferred assets) in subsection (1) for...

s.sch019aba (1) Modify section 444ABB (retained assets) as follows.

s.sch019aba (1) Modify section 444ABD (transferor's period of account including transfer)...

s.sch019aba (1) Modify section 444AC (transfer schemes: reduction of income of...

s.sch019aba (1) In a case where the transferor or the transferee...

s.sch019aba In section 444AEA (transfer schemes: anti-avoidance rule), in subsection (6),...

s.sch019aba In section 804C (insurance companies: allocation of expenses etc in...

s.sch019ac In its application to an overseas life insurance company this...

s.sch019ac (1) In section 438, the following subsection shall be treated...

s.sch019ac In section 439B the following subsection shall be treated as...

s.sch019ac In section 440(2)(a), the reference to an insurance business transfer...

s.sch019ac (1) Where the company mentioned in section 440(1) is an...

s.sch019ac (1) In section 440B the following subsection shall be treated...

s.sch019ac (1) In section 440A(2), in paragraph (a) the words “UK...

s.sch019ac (1) In section 441A, the following subsection shall be treated...

s.sch019ac In section 442A the following subsection shall be treated as...

s.sch019ac In sections 444A(1) and 460(10A), the references to an insurance...

s.sch019ac (1) In paragraph A of section 704, in sub-paragraph (e)...

s.sch019ac (1) In subsection (2) of section 794, the following shall...

s.sch019ac (1) In subsection (1) of section 811, the words “subsections...

s.sch019ac (1) In Schedule 19AA, paragraph 5(5)(c) (and the reference to...

s.sch019ac (1) In paragraph 1(8) of Schedule 19AB, the words “UK...

s.sch019ac (1) In section 6(4), the words “ and paragraph 5B...

s.sch019ac (1) In subsection (2) of section 11, the following paragraphs...

s.sch019ac (1) The following sections shall be treated as inserted after...

s.sch019ac (1) In section 12(7A), the reference to an insurance business...

s.sch019ac After subsection (3) of section 76 there shall be treated...

s.sch019ac (1) Where an overseas life insurance company receives a qualifying...

s.sch019ac (1) An overseas life insurance company may, on making a...

s.sch019ac (1) This paragraph applies to income from the investments of...

s.sch019ac After subsection (11) there shall be treated as inserted the...

s.sch019ac (1) In subsection (2) of section 431, the following definition...

s.sch019ac In section 431D(1), the words “carried on through a branch...

s.sch019ac (1) Section 432A has effect as if the references in...

s.sch019ac (1) In subsection (1) of section 432B, the words “or...

s.sch019ac (1) In section 434, the following subsections shall be treated...

s.sch019ac In section 434A(1)— (a) the words “UK distribution income” shall...

s.sch019ac The following section shall be treated as inserted after section...

s.sch019ac In its application to an overseas life insurance company section...

s.sch019b Petroleum extraction activities: exploration expenditure supplement

s.sch019b About this Schedule

s.sch019b The mixed pool of qualifying E&A expenditure and supplement previously allowed

s.sch019b Treatment of disposal value on disposal of oil licence with exploitation value

s.sch019b Reduction in respect of unrelieved group ring fence profits

s.sch019b The reference amount for a pre-commencement period

s.sch019b Claims for pre-commencement supplement

s.sch019b Supplement in respect of a post-commencement period

s.sch019b Amount of post-commencement supplement for a post-commencement period

s.sch019b Ring fence losses and qualifying E&A losses

s.sch019b Ring fence losses and non-qualifying losses

s.sch019b Special rule for straddling periods

s.sch019b The pool of qualifying E&A losses and the pool of non-qualifying losses

s.sch019b Qualifying companies

s.sch019b The non-qualifying pool

s.sch019b The qualifying pool

s.sch019b Reductions in respect of utilised ring fence losses

s.sch019b Reductions in respect of unrelieved group ring fence profits

s.sch019b The reference amount for a post-commencement period

s.sch019b Accounting periods

s.sch019b The relevant percentage

s.sch019b Limit on number of accounting periods for which supplement may be claimed

s.sch019b Qualifying E&A expenditure

s.sch019b Unrelieved group ring fence profits for accounting periods

s.sch019b Taxable ring fence profits of an accounting period

s.sch019b Supplement in respect of a pre-commencement accounting period

s.sch019c (1) This Schedule entitles a company carrying on a ring...

s.sch019c (1) For the purpose of determining the amount of any...

s.sch019c (1) This paragraph applies in the case of the qualifying...

s.sch019c (1) This paragraph applies if there is an amount of...

s.sch019c For the purposes of this Part of this Schedule, the...

s.sch019c (1) Any claim for pre-commencement supplement in respect of a...

s.sch019c (1) A qualifying company which incurs a ring fence loss...

s.sch019c (1) The amount of the post-commencement supplement for any post-commencement...

s.sch019c (1) If— (a) in any post-commencement period (“the period of...

s.sch019c (1) This paragraph applies if the period of the loss...

s.sch019c (1) For the purpose of determining the amount of any...

s.sch019c This Schedule applies in relation to any company which—

s.sch019c (1) The ring fence pool consists of—

s.sch019c (1) If one or more ring fence losses are set...

s.sch019c (1) If there is an amount of unrelieved group ring...

s.sch019c For the purposes of this Part of this Schedule the...

s.sch019c (1) In this Schedule, in the case of any qualifying...

s.sch019c (1) For the purposes of this Schedule, the relevant percentage...

s.sch019c (1) A company may claim supplement under this Schedule in...

s.sch019c (1) For the purposes of this Schedule, expenditure is “qualifying...

s.sch019c (1) There is an amount of unrelieved group ring fence...

s.sch019c For the purposes of this Schedule, a company has taxable...

s.sch019c (1) If— (a) a qualifying company incurs qualifying pre-commencement expenditure...

s.sch020 Investments specified in any of the following paragraphs of this...

s.sch020 (1) For the purposes of section 506, a loan which...

s.sch020 This Part of this Schedule applies in the circumstances specified...

s.sch020 (1) So much of the unapplied non-qualifying expenditure as is...

s.sch020 (1) Where, in accordance with paragraph 12 above, an amount...

s.sch020 All such adjustments shall be made, whether by way of...

s.sch020 Any investment falling within Part I, Part II, apart from...

s.sch020 Any investment in a common investment fund established under section...

s.sch020 Any investment in a common deposit fund established under section...

s.sch020 Any interest in land, other than an interest held as...

s.sch020 Shares in, or securities of, a company which are listed...

s.sch020 Units, or other shares of the investments subject to the...

s.sch020 Shares in an open-ended investment company.

s.sch020 (1) Deposits with a bank in respect of which interest...

s.sch020 Uncertificated eligible debt security units as defined in section 552(2)...

s.sch020 Certificates of deposit as defined in section 56(5).

s.sch020 (1) Any loan or other investment as to which the...

s.sch021 (1) In this Schedule— “scheme” means a scheme which is...

s.sch021 When two or more contributions are paid at the same...

s.sch021 The question whether any, and if so, what, relief is...

s.sch021 No relief shall be given in respect of the payment...

s.sch021 The amount of the reduction to be made in respect...

s.sch021 (1) For the purposes of this Schedule, and subject to...

s.sch021 The provisions of this Part of this Schedule shall have...

s.sch021 There shall be ascertained— (a) the total amount of those...

s.sch021 For the purpose of determining what deduction is to be...

s.sch022 (1) The Board may make regulations providing for this Schedule...

s.sch022 (1) The administrator of a scheme in relation to which...

s.sch022 (1) Subject to paragraph 4(4) below, where a valuation produced...

s.sch022 (1) Where a valuation has been produced under paragraph 2...

s.sch022 (1) Where particulars have been furnished under paragraph 4 above,...

s.sch022 (1) Where proposals are submitted to the Board under paragraph...

s.sch022 (1) Where this paragraph applies the Board may specify a...

s.sch022 (1) This paragraph applies if a calculation falls to be...

s.sch022 (1) The Board may make regulations providing that an appeal...

s.sch023 (1) This Schedule shall be deemed to have come into...

s.sch023 (1) This paragraph applies where an employee becomes a member...

s.sch023 (1) This paragraph applies where— (a) the rules of the...

s.sch023 (1) This paragraph applies where an employee who is a...

s.sch023 In this Schedule “relevant annual remuneration” means final remuneration or,...

s.sch023a (1) In this Schedule— . . . . . ....

s.sch023a (1) This paragraph applies in any case where, under a...

s.sch023a (1) Where, in the case of a manufactured dividend, the...

s.sch023a (1) Where a manufactured dividend to which paragraph 2(2) above...

s.sch023a (1) This paragraph applies (subject to paragraph 3A below) in...

s.sch023a (1) Where any manufactured interest is representative of interest on...

s.sch023a (1) This paragraph applies in any case where, under a...

s.sch023a (1) A reference in paragraph 4(4)(a) or (b) to the...

s.sch023a (1) Sub-paragraph (2) below applies in any case where, under...

s.sch023a (1) This paragraph applies where a person makes an unapproved...

s.sch023a (1) . . . In any case where (apart from...

s.sch023a (1) This paragraph applies in any case where—

s.sch023a (1) Dividend manufacturing regulations may make provision for—

s.sch023za (1) In this Schedule— “the date of the change” shall...

s.sch023za (1) This Schedule applies to any retirement benefits scheme which...

s.sch023za (1) The Board may refuse or withhold approval under paragraph...

s.sch023za (1) The Board may give directions for or in connection...

s.sch023za An approved retirement benefits scheme shall be taken to include...

s.sch024 (1) The company shall be assumed to be resident in...

s.sch024 (1) Subject to paragraph 12 below, if, in an accounting...

s.sch024 (1) This paragraph applies in any case where it appears...

s.sch024 (1) This paragraph applies where by virtue of section 747A...

s.sch024 For the purposes of the application of Part 18 of...

s.sch024 Paragraphs 14 to 19 below apply for the purposes of...

s.sch024 (1) This paragraph applies where— (a) by virtue of section...

s.sch024 Where the accounting period mentioned in section 139(1) of the...

s.sch024 (1) This paragraph applies where the last relevant accounting period...

s.sch024 Where by virtue of section 747A the company’s chargeable profits...

s.sch024 (1) This paragraph applies where the accounting period mentioned in...

s.sch024 (1) This paragraph applies where— (a) Chapter II of Part...

s.sch024 (1) The company shall be assumed to have become resident...

s.sch024 (1) Sub-paragraph (2) of paragraph 5 of Schedule 28AA (no...

s.sch024 The company shall be assumed not to be a close...

s.sch024 (1) Subject to sub-paragraph (2) below, where any relief under...

s.sch024 (1) The company shall be assumed to be neither a...

s.sch024 (1) In relation to section 247 it shall be assumed—...

s.sch024 The company shall be assumed not to be a subsidiary...

s.sch024 Without prejudice to the operation of Chapter 1 of Part...

s.sch024 (1) . . . This paragraph applies in any case...

s.sch025 The provisions of this Part of this Schedule have effect...

s.sch025 Goods which are actually delivered into the territory in which...

s.sch025 (1) For the purposes of paragraph 6(2)(b) above, each of...

s.sch025 (1) This paragraph has effect for the interpretation of paragraph...

s.sch025 (1) In paragraph 11A above “ large risks ” means—...

s.sch025 (1) Subject to sub-paragraph (2) below, in paragraphs 6 and...

s.sch025 (1) In paragraphs 6, 8(3) and 12(5) above and this...

s.sch025 (1) For the purposes of section 748(1)(ba), a controlled foreign...

s.sch025 (1) The requirement of this paragraph is that throughout the...

s.sch025 (1) The requirement of this paragraph is that—

s.sch025 (1) The requirement of this paragraph is that C does...

s.sch025 (1) The requirement of this paragraph is that not more...

s.sch025 (1) References in this Part of this Schedule to C's...

s.sch025 (1) For the purposes of section 748(1)(bb), a company (“C”)...

s.sch025 (1) The requirement of this paragraph is that throughout the...

s.sch025 (1) The requirement of this paragraph is that C's main...

s.sch025 (1) The requirement of this paragraph is that—

s.sch025 (1) The requirement of this paragraph is that C does...

s.sch025 The requirement of this paragraph is that not more than...

s.sch025 (1) For the purpose of this Part of this Schedule—...

s.sch025 (1) The provisions of this Part of this Schedule have...

s.sch025 (1) The condition in paragraph 13(2) above is not fulfilled...

s.sch025 (1) References in this Part of this Schedule to shares...

s.sch025 The provisions of this Part of this Schedule have effect...

s.sch025 (1) An exempt period begins in relation to a company...

s.sch025 (1) The requirements of this paragraph are that—

s.sch025 (1) This paragraph applies for the purposes of paragraph 15C...

s.sch025 (1) An exempt period ends on the expiry of the...

s.sch025 (1) In this Part of this Schedule— “ group ”...

s.sch025 (1) The provisions of this Part of this Schedule have...

s.sch025 (1) A transaction achieves a reduction in United Kingdom tax...

s.sch025 It is the main purpose or one of the main...

s.sch025 (1) The existence of a controlled foreign company achieves a...

s.sch025 (1) Subject to paragraph 2A below, a controlled foreign company...

s.sch025 (1) Paragraph 2 above shall have effect in accordance with...

s.sch025 (1) This paragraph has effect for the purposes of paragraph...

s.sch025 (1) Subject to sub-paragraphs (2) and (5) below, for the...

s.sch025 (1) For the purposes of this Part of this Schedule,...

s.sch025 (1) This paragraph has effect for the purposes of paragraph...

s.sch025 (1) The provisions of this Part of this Schedule have...

s.sch025 (1) Throughout an accounting period a controlled foreign company is...

s.sch025 (1) For the purposes of paragraph 6(1)(a) above, a “business...

s.sch025 (1) Subject to sub-paragraph (4) below, the condition in paragraph...

s.sch025 (1) Subject to sub-paragraph (3) below, for the purposes of...

s.sch026 (1) In any case where— (a) an amount of chargeable...

s.sch026 (1) This paragraph applies in any case where—

s.sch026 (1) In so far as any provision of—

s.sch026 (1) In any case where— (a) on a claim for...

s.sch027 (1) For the purposes of this Chapter, an offshore fund...

s.sch027 (1) In any case where the assets of an offshore...

s.sch027 (1) In relation to an offshore fund which has a...

s.sch027 (1) Section 760(3)(c) shall not apply to so much of...

s.sch027 (1) In any case where— (a) in any account period...

s.sch027 If, in the case of any account period of an...

s.sch027 (1) The Board shall, in such manner as they think...

s.sch027 (1) An appeal . . . —

s.sch027 No appeal may be brought against an assessment to tax...

s.sch027 (1) Without prejudice to paragraph 17 above, in any case...

s.sch027 (1) This paragraph applies where— (a) an application has been...

s.sch027 (1) In the case of an offshore fund which throughout...

s.sch027 No obligation as to secrecy imposed by statute or otherwise...

s.sch027 (1) The Treasury may make provision by regulations as to...

s.sch027 (1) Sub-paragraph (2) below applies if any sums which form...

s.sch027 (1) To the extent that the income of an offshore...

s.sch027 (1) Any reference in this Schedule to the United Kingdom...

s.sch027 (1) In any case where— (a) in an account period...

s.sch027 The modification referred to in paragraph 6(3)(a) above is that,...

s.sch027 (1) The modification referred to in paragraph 6(3)(b) above is...

s.sch027 (1) The references in paragraphs 7 and 8(1) above to...

s.sch028 In this Part of this Schedule “material disposal” means a...

s.sch028 (1) Where there is a material disposal, there shall first...

s.sch028 (1) If the amount of any chargeable gain or allowable...

s.sch028 (1) This paragraph applies where— (a) the interest in the...

s.sch028 (1) Subject to sub-paragraph (2) below, a material disposal gives...

s.sch028 (1) Subject to paragraph 7 below, a disposal to which...

s.sch028 (1) For the purposes of this Part of this Schedule,...

s.sch028 (1) On a disposal involving an equalisation element, the Part...

s.sch028 (1) The Treasury may make provision by regulations as to...

s.sch028a The provisions referred to in section 768B(2) for determining whether...

s.sch028a (1) This paragraph has effect in a case to which...

s.sch028a (1) This paragraph has effect in any case to which...

s.sch028a (1) A debit falls within this paragraph if it is...

s.sch028a Expressions used both in this Part of this Schedule and...

s.sch028a (1) The amounts in issue referred to in section 768C(3)(c)...

s.sch028a Paragraph 6A above shall apply for the purposes of paragraph...

s.sch028a The apportionment required by section 768C(3)(c) shall be made as...

s.sch028a In the case of the amount mentioned in paragraph 13(1)(a)...

s.sch028a (1) Subject to paragraph 17 below, the apportionment shall be...

s.sch028a If it appears that any method of apportionment given by...

s.sch028a There is a significant increase in the amount of a...

s.sch028a (1) Amount A is the lower of—

s.sch028a (1) Amount B is the highest 60 day minimum amount...

s.sch028a (1) The capital of a company consists of the aggregate...

s.sch028a The amounts in issue referred to in section 768B(4)(c) are—...

s.sch028a For the purposes of paragraph 6(da) above, the amount for...

s.sch028a (1) Subject to paragraph 8 below, the apportionment required by...

s.sch028a If it appears that any method of apportionment given by...

s.sch028a (1) This paragraph has effect in a case to which...

s.sch028a (1) This paragraph has effect in any case to which...

s.sch028aa (1) This Schedule applies where— (a) provision (“the actual provision")...

s.sch028aa This Schedule does not apply in relation to provision made...

s.sch028aa (1) This paragraph applies where any person (“the taxpayer") carries...

s.sch028aa (1) Sub-paragraph (4) applies in so far as—

s.sch028aa (1) Nothing in this Schedule shall be construed as affecting—...

s.sch028aa (1) In this Schedule— “the actual provision” and “the affected...

s.sch028aa (1) This paragraph applies where— (a) both of the affected...

s.sch028aa (1) This paragraph applies where the actual provision is made...

s.sch028aa (1) This Schedule shall be construed (subject to paragraphs 9...

s.sch028aa (1) In this Schedule “transaction” includes arrangements, understandings and mutual...

s.sch028aa (1) For the purposes of this Schedule a person is...

s.sch028aa (1) A person (“P”) shall be treated for the purposes...

s.sch028aa (1) To the extent that it applies to provision relating...

s.sch028aa (1) For the purposes of this Schedule . . ....

s.sch028aa (1) Paragraph 1(2) above does not apply in computing for...

s.sch028aa (1) Paragraph 5B(1) above does not apply as respects any...

s.sch028aa (1) In this Schedule— (a) “small enterprise” means a small...

s.sch028aa (1) In this Schedule— “non-qualifying territory” means any territory which...

s.sch028aa (1) This paragraph applies where— (a) only one of the...

s.sch028aa (1) Paragraph 6(2)(a) above does not affect the credits to...

s.sch028aa (1) This paragraph applies in any case where—

s.sch028aa (1) Where paragraph 1A above applies in relation to any...

s.sch028aa Where— (a) interest is paid by any person under the...

s.sch028aa (1) Subject to sub-paragraph (4) below, where—

s.sch028aa (1) This paragraph applies where— (a) the circumstances are as...

s.sch028aa (1) This paragraph applies in any case where—

s.sch028aa (1) This paragraph applies where the following conditions are satisfied—...

s.sch028aa (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule...

s.sch028aa (1) Subject to paragraph 10 below, this paragraph applies to...

s.sch028ab Section 804ZA: prescribed schemes and arrangements

s.sch028ab (1) A scheme or arrangement, other than a scheme or...

s.sch028ab This paragraph applies to a scheme or arrangement if the...

s.sch028ab (1) This paragraph applies to a scheme or arrangement if,...

s.sch028ab (1) This paragraph applies to a scheme or arrangement if...

s.sch028ab (1) This paragraph applies to a scheme or arrangement if,...

s.sch028ab (1) This paragraph applies to a scheme or arrangement if...

s.sch028b Venture Capital Trusts: Meaning of “qualifying holdings”

s.sch028b (1) This Schedule applies, where any shares in or securities...

s.sch028b (1) Subject to the following provisions of this paragraph, a...

s.sch028b (1) The requirement of this paragraph is that there are...

s.sch028b (1) The requirement of this paragraph is that eligible shares...

s.sch028b (1) This paragraph applies where— (a) arrangements are made for...

s.sch028b (1) This paragraph applies where— (a) shares have been issued...

s.sch028b None of the requirements of this Schedule shall be regarded,...

s.sch028b (1) A company which is in administration or receivership shall...

s.sch028b (1) The Treasury may by regulations make provision for cases...

s.sch028b The Treasury may by order amend this Schedule for any...

s.sch028b (1) Subject to paragraph 10C(15) above, in this Schedule— “debenture”...

s.sch028b (1) The requirement of this paragraph is that the relevant...

s.sch028b (1) The requirements of this paragraph are as follows.

s.sch028b (1) For the purposes of this Schedule—

s.sch028b (1) In paragraph 4 above— “film” means an original master...

s.sch028b (1) For the purposes of this Schedule, a company (“the...

s.sch028b (1) The requirements of this paragraph are that either—

s.sch028b (1) The requirement of this paragraph is that the relevant...

s.sch028b (1) The requirement of this paragraph is that the value...

s.sch029 (1) The Taxes Management Act 1970, as amended by the...

s.sch029 In section 7 of the Friendly Societies Act 1974 at...

s.sch029 The Taxes Management Act 1970 shall have effect subject to...

s.sch029 In paragraph 36(3) of Schedule 2 to the Administration of...

s.sch029 In Schedule 1 to the Law Reform (Miscellaneous Provisions) (Scotland)...

s.sch029 In the enactments specified in Column 1 of the following...

s.sch029 The following section shall be inserted after section 16—[for text...

s.sch029 (1) . . . . . . . . ....

s.sch029 (1) In subsection (1) of section 55 (recovery of tax...

s.sch029 The following Table shall be substituted for the Table in...

s.sch030 (1) In this paragraph, an “old company” means a company...

s.sch030 (1) Sub-paragraph (2) below applies to any disposition which —...

s.sch030 (1) Where, in the case of any settlement made before...

s.sch030 Where, in the case of any settlement made before 9th...

s.sch030 Where under any Act passed before this Act and relating...

s.sch030 The repeal by this Act of section 16 of the...

s.sch030 The repeal by this Act of Schedule 22 to the...

s.sch030 Any enactment relating to building societies contained in this Act...

s.sch030 Any reference to pension business in any enactment (other than...

s.sch030 Schedule 9 to the Finance Act 1981 shall continue to...

s.sch030 (1) This paragraph applies in any case where a person...

s.sch030 The repeal by this Act of section 21 of the...

s.sch030 (1) Subject to sub-paragraph (2) and paragraph 3 below, section...

s.sch030 The repeal by this Act of section 54 of and...

s.sch030 (1) The continuity of the operation of the Tax Acts...

s.sch030 (1) Sections 24 and 38 shall have effect subject to...

s.sch030 (1) Where section 38 does not have effect, the following...

s.sch030 (1) This paragraph has effect for allowing deductions by reference...

s.sch030 (1) The substitution of this Act for the corresponding enactments...

s.sch030 (1) This paragraph shall apply with respect to claims for...

s.sch030 Without prejudice to paragraphs 6 and 7 above, where a...

s.sch030 (1) In relation to any period before regulations containing the...

s.schedule a1 para.1 (1) The provisions of this Schedule have effect for supplementing...

s.schedule a1 para.10 (1) This paragraph applies where a permanent establishment—

s.schedule a1 para.2 In accordance with the separate enterprise principle, transactions between the...

s.schedule a1 para.3 (1) Section 11AA(4) (general provision as to allowable deductions) applies...

s.schedule a1 para.4 (1) No deduction is allowed in respect of royalties paid,...

s.schedule a1 para.5 (1) No deduction is allowed in respect of payments of...

s.schedule a1 para.6 (1) This paragraph applies where the non-resident company provides the...

s.schedule a1 para.7 (1) The provisions of this Part of this Schedule have...

s.schedule a1 para.8 (1) In accordance with the separate enterprise principle, transfers of...

s.schedule a1 para.9 (1) In accordance with the separate enterprise principle, loans and...

s.schedule a2 para.1 The provisions of this Schedule supplement section 13AB (corporation tax:...

s.schedule a2 para.10 (1) The basic rule is that the allocation of excess...

s.schedule a2 para.11 (1) This paragraph applies where an amount of excess NCDs...

s.schedule a2 para.12 (1) The provisions of this Part of this Schedule as...

s.schedule a2 para.13 (1) Any excess NCDs not allocated to another company under...

s.schedule a2 para.14 (1) For the purposes of section 13AB and this Schedule...

s.schedule a2 para.15 (1) Section 13AB and this Schedule apply in relation to...

s.schedule a2 para.16 For the purposes of section 13AB and this Schedule, a...

s.schedule a2 para.17 (1) For the purposes of section 13AB and this Schedule...

s.schedule a2 para.18 In section 13AB and this Schedule— “basic profits” means the...

s.schedule a2 para.2 (1) A “non-corporate distribution” means a distribution made by a...

s.schedule a2 para.3 (1) A company’s underlying rate of corporation tax for an...

s.schedule a2 para.4 Where in an accounting period the total amount of the...

s.schedule a2 para.5 Where in an accounting period the total amount of the...

s.schedule a2 para.6 (1) This Part of this Schedule provides for the allocation...

s.schedule a2 para.7 (1) If at the end of the distribution period the...

s.schedule a2 para.8 (1) Excess NCDs falling to be allocated to another company...

s.schedule a2 para.9 (1) This paragraph applies where a company (“company A”) ceases...

s.508 Investment trusts investing in housing.

amended 8 times

s.508 Interpretation of section 508A.

amended 8 times

s.611 Definition of relevant statutory scheme.

amended 9 times

2 other provisions

s.corporation tax: the non-corporate distribution ra Corporation tax: the non-corporate distribution rate: supplementary provisions

s.determination of profits attributable to permanent Determination of profits attributable to permanent establishment: supplementary provisions

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Understand and manage your ongoing tax obligations as a UK business owner. Covers Self Assessment, VAT, Corporation Tax, record keeping, Making Tax …

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A step-by-step learning journey for directors filing their first Company Tax Return (CT600). Covers registration, understanding rates, preparing accounts, claiming allowances, filing, …

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A quick reference for experienced company directors to verify Corporation Tax deadlines, rates, payment obligations, and allowances. Check your compliance status in …

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Corporation Tax basics Corporation tax rates and small profits relief

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

Income and Corporation Taxes Act 1988 (historical marginal relief formula basis)

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What it requires

THE CHARGE TO TAX

PROVISIONS RELATING TO THE SCHEDULE A CHARGE

GOVERNMENT SECURITIES

PROVISIONS RELATING TO THE SCHEDULE D CHARGE

PROVISIONS RELATING TO THE SCHEDULE E CHARGE

COMPANY DISTRIBUTIONS, TAX CREDITS ETC

GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS

TAXATION OF INCOME AND CHARGEABLE GAINS OF COMPANIES

ANNUAL PAYMENTS AND INTEREST

LOSS RELIEF AND GROUP RELIEF

CLOSE COMPANIES

SPECIAL CLASSES OF COMPANIES AND BUSINESSES

MISCELLANEOUS SPECIAL PROVISIONS

PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.

SETTLEMENTS

ESTATES OF DECEASED PERSONS IN COURSE OF ADMINISTRATION

TAX AVOIDANCE

DOUBLE TAXATION RELIEF

SUPPLEMENTAL

Schedules

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Set up a limited company

Manage your tax compliance

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Corporation Tax quick compliance check

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