UK Act of Parliament 1990 United Kingdom

Finance Act 1990

View on legislation.gov.uk (opens in a new tab) Ask Guv about this Act

At a glance

Enforced by

HMRC

What's here

6 compliance obligations

Who this Act binds

Business-side actors with duties under this Act, ranked by how often they appear.

  • Trader 2

Plus 4 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

Other Acts binding the same actors

For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.

Traders also bound by 826 other Acts (top 5 shown)

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part I — Customs and Excise and Value Added Tax

Browse 16 other sections in this Part — procedural / definitional / commencement

Part II — Income Tax, Corporation Tax and Capital Gains Tax

Browse 84 other sections in this Part — procedural / definitional / commencement

Part III — Stamp Duty and Stamp Duty Reserve Tax

Browse 4 other sections in this Part — procedural / definitional / commencement

Part IV — Miscellaneous and General

Browse 12 other sections in this Part — procedural / definitional / commencement

Schedules

s.sch012

(1) This paragraph applies where any apportionment or other matter...

Other duties (1) — Crown / regulator
  • Commissioners must determine tax apportionment disputes involving multiple transferees Tribunal / Court
Browse 135 other Schedules — structural / supplementary
s.sch002

(1) Paragraph 5 (special types of vehicle) shall be amended...

s.sch003

The Customs and Excise Management Act 1979 shall be amended...

s.sch003

(1) Section 37A (initial and supplementary entries) shall be amended...

s.sch003

(1) Section 37B (postponed entry) shall be amended as follows....

s.sch003

(1) Section 37C (provisions supplementary to sections 37A and 37B)...

s.sch005

The Taxes Act 1988 shall be amended as mentioned in...

s.sch005

(1) Section 349 (annual interest etc. ) shall be amended...

s.sch005

(1) In section 352(1) (certificates of deduction of tax) for...

s.sch005

(1) In section 483 (determination of reduced rate for building...

s.sch005

(1) In section 686 (liability to additional rate tax of...

s.sch005

(1) In section 687 (payments under discretionary trusts) in subsection...

s.sch005

In the Table in section 98 of the Taxes Management...

s.sch005

(1) In its application to the year 1991-92, section 477A...

s.sch005

(1) Section 476 (building societies: regulations for payment of tax)...

s.sch005

(1) Section 477 (investments becoming or ceasing to be relevant...

s.sch005

(1) The following section shall be inserted immediately before section...

s.sch005

(1) Section 479 (interest paid on deposits with banks etc.)...

s.sch005

(1) Section 480 (deposits becoming or ceasing to be composite...

s.sch005

(1) The following sections shall be inserted immediately before section...

s.sch005

(1) Section 481 (definitions of relevant deposit etc. ) shall...

s.sch005

(1) Section 482 (supplementary provisions) shall be amended as follows....

s.sch006

(1) Section 431 of the Taxes Act 1988 shall be...

s.sch006

(1) Paragraph 9 above shall be deemed to have come...

s.sch006

(1) Where at the end of 1989 the assets of...

s.sch006

After section 431 of the Taxes Act 1988 there shall...

s.sch006

After section 432 of that Act there shall be inserted—...

s.sch006

In section 439 of that Act, for the words from...

s.sch006

For section 440 of that Act there shall be substituted—...

s.sch006

(1) In section 724 of the Taxes Act 1988, after...

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch007

Overseas Life Assurance Business

s.sch009

In section 12 of the Taxes Act 1988, after subsection...

s.sch009

The following section shall be inserted after section 444 of...

s.sch009

In section 460 of the Taxes Act 1988, after subsection...

s.sch009

This Schedule shall apply to transfers of business taking place...

s.sch010

For the purposes of this Schedule a qualifying provision for...

s.sch010

(1) This paragraph applies for the purposes of this Schedule....

s.sch010

(1) This paragraph applies for the purposes of this Schedule....

s.sch010

(1) For the purposes of this Part of this Schedule...

s.sch010

(1) For the purposes of paragraph 12 above the chargeable...

s.sch010

(1) The total income element for the purposes of paragraph...

s.sch010

(1) This paragraph has effect for the purposes of paragraph...

s.sch010

(1) Where an individual who is entitled to a security...

s.sch010

(1) This paragraph applies where a security is transferred from...

s.sch010

(1) An underwriting member of Lloyd’s shall be treated for...

s.sch010

(1) Where on a transfer or redemption of a security...

s.sch010

(1) For the purposes of this Schedule a security is...

s.sch010

(1) Sub-paragraph (2) below applies where— (a) by virtue of...

s.sch010

(1) In a case where— (a) paragraph 12 above would...

s.sch010

In a case where— (a) paragraph 12 above would apply...

s.sch010

In a case where— (a) a security is the subject...

s.sch010

Section 108 of the Taxation of Chargeable Gains Act 1992...

s.sch010

(1) In a case where— (a) a qualifying convertible security...

s.sch010

(1) Schedule 4 to the Taxes Act 1988 (deep discount...

s.sch010

(1) Schedule 11 to the Finance Act 1989 (deep gain...

s.sch010

(1) The amendment made by paragraph 27(2) above shall be...

s.sch010

(1) A security which was a qualifying convertible security at...

s.sch010

(1) This paragraph applies where— (a) a security becomes at...

s.sch010

(1) This paragraph applies where— (a) a prohibited event occurs...

s.sch010

(1) For the purposes of this Schedule the amount payable...

s.sch010

(1) This paragraph applies for the purposes of this Schedule....

s.sch010

(1) For the purposes of this Schedule each of the...

s.sch010

(1) For the purposes of this Schedule the yield to...

s.sch011

After section 510 of the Taxes Act 1988 there shall...

s.sch011

After section 12 of the Taxes Management Act 1970 there...

s.sch011

(1) After section 98A of the Taxes Management Act 1970...

s.sch011

(1) At the end of section 36 of the Taxes...

s.sch011

This Schedule shall be deemed to have come into force...

s.sch012

(1) Subject to sub-paragraph (2), the following provisions shall apply...

s.sch012

(1) In this Schedule— “ the 1992 Act ” means...

s.sch012

(1) For the purposes of the 108 of the Taxation...

s.sch012

(1) For the purposes of the 1979 Act the disposal...

s.sch012

For the purposes of the 1992 Act the transfer by...

s.sch012

(1) For the purposes of the 1992 Act the transfer...

s.sch012

(1) The unallowed capital losses of the IBA shall be...

s.sch012

Where the IBA have before the transfer date disposed of...

s.sch012

(1) Any share issued by the nominated company to the...

s.sch013

(1) In section 832(1) of the Taxes Act 1988, in...

s.sch014

The Taxes Act 1988 shall have effect, and shall be...

s.sch014

In section 757(7), before the words “the earliest date” there...

s.sch014

In section 761(1), for the words “and Schedule” there shall...

s.sch014

In section 31(3) of the Taxes Management Act 1970, for...

s.sch014

In section 98 of that Act, in the first column...

s.sch014

In paragraph 5(2) of Schedule 3 to the Oil Taxation...

s.sch014

(1) Subject to the following provisions of this paragraph, the...

s.sch014

In section 37(1)— (a) . . . . . ....

s.sch014

In section 213(6), for “(3)(1)(a)” there shall be substituted “...

s.sch014

(1) In section 322(1)(a) , after the words “a British...

s.sch014

In section 326(2)(a), for the words from “12” to “1969”...

s.sch014

In section 478(3), for the words “section (2)” there shall...

s.sch014

In section 751(1)(a), for the words “the persons” there shall...

s.sch017

The Capital Allowances Act 1990 shall be amended as follows....

s.sch017

In section 46 (recovery of excess relief: new expenditure) in...

s.sch017

In section 47 (recovery of excess relief: old expenditure) in...

s.sch017

In section 48 (information relating to allowances made in respect...

s.sch017

In section 49 (information relating to allowances made in respect...

s.sch017

In section 79 (effect of use partly for trade etc....

s.sch017

In section 80 (effect of subsidies towards wear and tear)...

s.sch017

In section 1 (initial allowances: enterprise zones) in subsection (5)...

s.sch017

(1) Section 22 (first-year allowances: transitional relief for regional projects)...

s.sch017

(1) Section 23 (information relating to first-year allowances) shall be...

s.sch017

(1) Section 24 (writing-down allowances and balancing adjustments) shall be...

s.sch017

(1) Section 25 (qualifying expenditure) shall be amended as follows....

s.sch017

In section 30 (first-year allowances) in subsection (1)(a) the words...

s.sch017

In section 31 (writing-down allowances) the following subsection shall be...

s.sch017

In section 41 (writing-down allowances) in subsection (3) the words...

s.sch018

In section 74(4) of the Finance Act 1952 for “519”...

s.sch018

Section 52 of the Finance Act 1974 shall cease to...

s.sch018

In section 272 of the Inheritance Tax Act 1984, in...

s.sch018

(1) The Taxes Act 1988 shall be amended as follows....

s.schedule/2/part/iv/paragraph/wrapper1n2

schedule/2/part/IV/paragraph/wrapper1n2

Read the full Act on legislation.gov.uk (opens in a new tab)

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

HMRC

HM Revenue & Customs

Tax collection, customs duties, national insurance, tax credits, and enforcement of the National Minimum Wage. Regulates all UK businesses for tax compliance …

Explore more

Browse legislation

Find other UK business legislation with related guidance.

Regulators

Learn more about the bodies that enforce this legislation.