Set up a charity
- 2 steps
UK Act of Parliament
1990
United Kingdom
Finance Act 1990
At a glance
Enforced by
What's here
6 compliance obligations, 1 practical guide · 1 journey
Penalty landscape
1 of 6 obligations carry an unlimited fine. 5 have no criminal penalty — flagged in the list below.
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.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Mentioned in related content
1 guidesOther 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 219 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 952 duties
- TULRCA 1992 1992 39 duties
- Companies Act 2006 2006 39 duties
- Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 2013 39 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
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
Vehicles excise duty.
Unlimited fineOther duties (1) — Crown / regulator
- HMRC must administer and collect Vehicle Excise Duty Statutory regulator
Browse 15 other sections in this Part — procedural / definitional / commencement
Spirits, beer, wine, made-wine and cider.
Tobacco products.
Hydrocarbon oil.
Pool betting duty.
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Entry of goods on importation.
Spirits methylated abroad.
Lodgings for officers in charge of distillery.
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Part II — Income Tax, Corporation Tax and Capital Gains Tax
Charge and rate of corporation tax for 1990.
- Pay Corporation Tax at the 1990 rate Trader
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Amended 1 timeOfficers.
Amended 1 timeBrowse 84 other sections in this Part — procedural / definitional / commencement
Rates and main allowances.
Relief for blind persons.
Small companies.
Care for children.
Car benefits.
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Donations to charity by individuals.
Company donations to charity.
Maximum qualifying company donations.
Tax-exempt special savings accounts.
Extension of SAYE.
Building societies.
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Apportionment of income etc.
Overseas life assurance business.
Deduction for policy holders’ tax.
Reinsurance commissions.
Policy holders’ share of profits etc.
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Transfers of long term business.
Friendly societies: increased tax exemption.
Friendly societies: application of enactments.
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Unit trusts: repeals.
Unit trust managers: exemption from bond-washing provisions.
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Investment trusts.
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Deep gain securities.
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CT treatment of PRT repayment.
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Dual resident companies: controlled foreign companies.
Movements of capital between residents of member States.
European Economic Interest Groupings.
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Relief for interest.
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Training and enterprise councils and local enterprise companies.
Expenses of entertainers.
Waste disposal.
Priority share allocations for employees etc.
Broadcasting: transfer of undertakings of Independent Broadcasting Authority and Cable Authority.
Futures and options: exemptions.
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Capital allowances: miscellaneous amendments.
Correction of errors in Taxes Act 1988.
Income tax returns.
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Information powers relating to interest.
Restrictions on Board’s power to call for information.
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Repayment of income tax deducted at source.
Loss relief.
Recovery of excessive repayments of tax.
Corporation tax: collection.
Part III — Stamp Duty and Stamp Duty Reserve Tax
Stamp duty to be abolished on bearer instruments.
Amended 1 timeOther duties (1) — Crown / regulator
- Stamp duty is no longer charged on bearer instruments Statutory regulator
Transfer of securities: abolition of stamp duty.
Amended 2 timesOther duties (1) — Crown / regulator
- HMRC must not charge stamp duty on transfers of securities Statutory regulator
Stamp duty: other repeals.
Amended 1 time- Business notification duties for depositary receipts and clearance services Trader
Stamp duty reserve tax: abolition.
Other duties (1) — Crown / regulator
- HMRC must cease charging Stamp Duty Reserve Tax (SDRT) Statutory regulator
Browse 4 other sections in this Part — procedural / definitional / commencement
Part IV — Miscellaneous and General
Variation, on account of fraudulent or negligent conduct, of decision on expenditure claim etc.
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Amended 1 timeInheritance tax: restriction on power to require information.
Amended 1 timeInformation for tax authorities in other member States.
Amended 10 timesPools payments for football ground improvements.
Amended 9 timesDefinition of “local authority” for certain tax purposes.
Amended 1 timeRepayment of fees and charges.
Amended 3 timesBrowse 12 other sections in this Part — procedural / definitional / commencement
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Limit on PRT repayment interest where loss carried back.
Settlement of stock disputes by deputy registrars.
Limit for local loans.
Interpretation etc.
Repeals.
Short title.
Schedules
Browse 16 other Schedules — structural / supplementary
Entry of Goods on Importation
Life Assurance: Apportionment of Income etc.
Insurance Companies: Transfers of Long Term Business
Introduction
Amendments Correcting Errors in the Taxes Act 1988
Introductory
Definition of “Local Authority”
REPEALS
Table of Rates of Duty on Wine and Made-Wine
Vehicles Excise Duty: Rates
Building Societies and Deposit-Takers
Overseas Life Assurance Business
General
European Economic Interest Groupings
Broadcasting: Transfer of Undertakings of Independent Broadcasting Authority and Cable Authority
Capital Allowances: Miscellaneous Amendments
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
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 …
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Browse legislation
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Regulators
Learn more about the bodies that enforce this legislation.