UK Act of Parliament
1991
United Kingdom
Finance Act 1991
At a glance
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.
Schedules
Browse 95 other Schedules — structural / supplementary
Subject to section 7 of this Act and the following...
In section 44 of that Act (remission or repayment of...
For section 46 of that Act (remission or repayment of...
For section 49 of that Act (power to regulate manufacture...
(1) In section 49A of that Act, in subsection (1)...
Section 50 of that Act (regulations as respects sugar kept...
Section 53 of that Act (limited licences to brew) shall...
Section 71A of that Act (restrictions on adding substances to...
In section 1 of the Alcoholic Liquor Duties Act 1979,...
Section 72 of that Act (offences by wholesaler or retailer...
In Schedule 3 to the Bankruptcy (Scotland) Act 1985 (list...
In section 386(1) of the Insolvency Act 1986 (categories of...
In Schedule 6 to the Insolvency Act 1986 (categories of...
In Article 346(1) of the Insolvency (Northern Ireland) Order 1989...
In Schedule 4 to the Insolvency (Northern Ireland) Order 1989...
(1) In section 2 of that Act, in subsection (3A)...
In section 3 of that Act (meaning of, and method...
(1) Section 4(1) of that Act (definitions) shall be amended...
Sections 37, 38 and 39 of that Act (which make...
Section 40 of that Act (duty on imported beer etc)...
For section 41 of that Act (exemption from duty of...
In section 42 of that Act (drawback on exportation, removal...
(1) Section 18B (combined transport of goods) shall be amended...
In section 11 of the Finance Act 1976, for subsection...
(1) In section 7 (miscellaneous exemptions from duty)—
(1) In section 18A (additional liability in relation to alteration...
(1) In section 160 of the Taxes Act 1988 (charge...
(1) In Schedule 7 to that Act (taxation of benefit...
Paragraph 6 of that Schedule (meaning of “interest eligible for...
In section 76 of the Taxes Act 1988 (expenses of...
(1) . . . . . . . . ....
(1) In the application of the I - E rules...
(1) An insurance company’s unrelieved general annuity losses shall be...
Paragraphs 1, 3, 4, 5, 6(1) and (2), 7, 8,...
(1) In section 436 of that Act (general annuity business...
(1) In section 446 of that Act (computation under section...
In section 474 of that Act, in subsection (1)(b) (certain...
(1) Section 464 of that Act (maximum benefits payable to...
(1) In Schedule 15 to that Act (qualifying policies) in...
(1) This paragraph applies to any policy—
(1) Section 710 of the Taxes Act 1988 (meaning of...
(1) The following section shall be inserted after section 477A...
(1) Section 349 of the Taxes Act 1988 (annual interest...
(1) Section 477A of the Taxes Act 1988 (building societies:...
(1) Schedule 16 to the Taxes Act 1988 (collection of...
(1) A building society may not make more than one...
(1) In section 18 of the Taxes Management Act 1970...
The following section shall be inserted after section 587 of...
The following section shall be inserted after section 726 of...
This Schedule applies if the new securities are issued on...
After Schedule 23 to the Taxes Act 1988 there shall...
(1) Section 737 of the Taxes Act 1988 (manufactured dividends:...
In section 1 of the Capital Allowances Act 1990 (enterprise...
(1) In section 75 of that Act (connected persons etc)...
(1) In section 137 of that Act (deductions for capital...
(1) In section 138 of that Act, after subsection (2)...
In section 159 of that Act, in subsection (2) (time...
(1) In section 2 of that Act, in subsection (1)...
(1) In section 3 of that Act (writing-down allowances in...
(1) In section 4 of that Act, in subsection (1)...
(1) In section 8 of that Act, for subsection (2)...
(1) In section 22 of that Act (first-year allowances: transitional...
(1) In section 24 of that Act, after subsection (1)...
(1) In section 26 of that Act (which defines the...
(1) In section 37 of that Act, after subsection (4)...
(1) In section 86 of the Taxes Management Act 1970...
In section 397(2) of that Act (which excludes certain losses...
In section 399 of that Act (dealings in commodity futures...
In section 400 of that Act (write-off of government investment)...
(1) In section 403 of that Act (losses etc which...
(1) In section 407 of that Act (relationship between group...
In section 434 of that Act (insurance companies: franked investment...
In section 458 of that Act (capital redemption business) in...
In section 492 of that Act (treatment of oil extraction...
(1) In section 518 of that Act (harbour reorganisation schemes)...
(1) After section 768 of that Act (change in ownership:...
In section 808 of that Act (restriction on deduction of...
In section 825 of that Act, in subsection (4) (restrictions...
In section 826 of that Act (interest on tax overpaid)...
In section 843 of that Act (commencement) in subsection (4)...
In Schedule 5 to that Act (treatment of farm animals...
(1) In Schedule 30 to that Act (transitional provisions and...
In section 114 of the Taxes Act 1988 (special rules...
In section 118 of that Act (restriction on relief: companies)—...
(1) In section 343 of that Act (company reconstructions without...
In section 393 of that Act (losses other than terminal...
The repeal of section 62(2) of the Finance Act 1989...
The repeals in sections 2(1), 3(3) and 26(1) of the...
The repeal of section 25(2)(h) of the Finance Act 1990...
The repeals of section 339A of the Income and Corporation...
The following repeals have effect for the year 1991-92 and...
The repeals in section 465 of, and Schedule 15 to,...
The repeal of section 590(5) and (6) of the Income...
The repeals of sections 737(4) and 738(2) of the Income...
Browse 124 other sections — procedural / definitional / commencement
Spirits, beer, wine, made-wine and cider.
Tobacco products.
Hydrocarbon oil.
Vehicles excise duty.
Pool betting duty.
Gaming licence duty.
Beer duty.
Vehicles excise duty: exemptions.
Vehicles excise duty: combined transport.
Extension of Vehicles (Excise) Act 1971 to Northern Ireland.
Revenue traders and registered excise dealers and shippers.
Protection of the revenues derived from excise duties.
Rate.
Person supplied for input tax purposes.
Bad debts.
Groups of companies.
Interest on overpayments etc.
Reduction of penalty for serious misdeclaration etc.
Vehicles leased to the handicapped.
Research vehicles.
Charge and rates of income tax for 1991-92.
Married couple’s allowance.
Rate of corporation tax for 1990.
Charge and rate of corporation tax for 1991.
Small companies.
Relief for interest.
Abolition of higher rate relief on certain mortgage interest etc.
Mortgage interest relief: caravans.
Car benefits.
Mobile telephones.
Beneficial loans: increase of de minimis limit.
Relief.
Section 32: supplementary.
Conditions for approval: amendments.
Cessation of approval.
Cessation of approval: general provisions.
Profit-related pay: increased relief.
Employee share schemes: non-discrimination.
Approved share option schemes: price at which shares may be acquired.
Savings-related share option schemes.
Profit sharing schemes.
Costs of establishing share option or profit sharing schemes: relief.
Costs of establishing employee share ownership trusts: relief.
Priority share allocations for employees etc.
Seafarers.
Workers in Kuwait or Iraq.
Investor protection schemes.
Assimilation of basic life assurance business and general annuity business.
Pension business: payments on account of tax credits and deducted tax.
Friendly societies.
Qualifying shares.
Marketable securities.
Income Tax (Building Societies) Regulations 1986.
New issues.
Purchase and sale of securities: options.
Bondwashing.
Stock lending.
Manufactured dividends and interest.
Interaction with VAT capital goods scheme.
Toll roads.
Hiring motor cars.
Expenditure on and under abandonment guarantees.
Relief for reimbursement expenditure under abandonment guarantees.
Relief for expenditure incurred by a participator in meeting defaulter’s abandonment expenditure.
Reimbursement by defaulter in respect of certain abandonment expenditure.
Restriction on setting ACT against liability to corporation tax on profits from oil extraction activities etc.
Oil licences.
Gifts to educational establishments.
Expenses of entertainers.
Personal equity plans.
Donations to charity.
Deduction of trading losses.
Relief for company trading losses.
Trade unions and employers’ associations.
Audit powers in relation to non-residents.
Capital element in annuities.
Definition of “normal commercial loan”.
Sharing of transmission facilities.
Abolition of CRT: consequential amendment.
Interest on certain debentures.
Agents acting for non-residents.
Certificates of non-liability to tax.
Trustees ceasing to be resident in U.K.
Death of trustee: special rules.
Past trustees: liability for tax.
Trustees ceasing to be liable to U.K. tax.
Acquisition by dual resident trustees.
Disposal of settled interest.
Non-resident settlements where settlor has an interest.
Settlements: beneficiaries charged on capital payments.
Settlements: further provisions about beneficiaries.
Settlements with foreign element: miscellaneous.
Meaning of permitted area.
Amount of relief.
Housing for Wales.
Scottish Homes.
Foreign assets: delayed remittances.
Corporate bonds.
Indexation.
Relief on certain business etc. disposals by persons over 55 or who retire under that age for ill health.
Amendments of rebasing provisions.
Traded options: closing purchases.
Allowance of certain expenditure relating to abandonment, decommissioning assets, etc.
Abandonment guarantees.
Restriction of expenditure relief by reference to payments under abandonment guarantees.
Relief for reimbursement expenditure under abandonment guarantees.
Allowance of expenditure of participator meeting defaulter’s field abandonment expenditure.
Reimbursement by defaulter in respect of certain abandonment expenditure.
PRT: proceedings for penalties.
Stamp duty abolished in certain cases.
Stamp duty reduced in certain cases.
Apportionment of consideration for stamp duty purposes.
Certification of instruments for stamp duty purposes.
Acquisition under statute: exempt property.
Northern Ireland bank notes: duty abolished.
Investment exchanges, clearing houses and central securities depositories: stamp duty
Investment exchanges, clearing houses and central securities depositories: SDRT
Designated international organisations: miscellaneous exemptions.
Trading funds.
National savings: date of issue of repayment warrants etc.
Pools payments to support games etc.
Interpretation etc.
Repeals.
Short title.
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