| Guvnor

Status: In Force
Penalty ceiling: Imprisonment 1 of 18 obligations carry an unlimited fine. 2 carry different penalties and 15 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person12 Trader1 Operator1 Self-Employed Person1 Director or Officer1 Financial Services Firm1

Plus 1 duty 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.

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

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

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gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 112 duties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

Self-Employed Person — also bound by 80 other Acts

General Dental Services Regulations (Northern Ireland) 1993 12 duties

The National Health Service (General Dental Services) (Scotland) Regulations 2010 7 duties

The General Chiropractic Council (Indemnity Arrangements) Rules Order of Council 2015 5 duties

Personal Protective Equipment at Work Regulations (Northern Ireland) 1993 5 duties

The Management of Health and Safety at Work Regulations 1992 4 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

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

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

Customs and Excise and Value Added Tax

9 of 50 sections shown

s.009 Rates of duty. Regulated

Pay duty on hydrocarbon oils at the updated ratesAny Person

s.024 Lottery duty. Regulated

Pay lottery duty on tickets sold in the UKAny Person

s.025 Amount of duty. Regulated

Pay lottery duty at 12% of ticket considerationOperator

s.026 Time for payment. Regulated

Pay lottery duty at the time of ticket saleAny Person

s.027 Persons liable for duty. Regulated

Pay lottery duty on timeAny Person

s.028 General. Regulated

Other duties (1) — Crown / regulator

Commissioners of Revenue and Customs must manage lottery duty and may make regulationsCrown / Minister / Government department

s.029 Registration of promoters etc. Imprisonment

Promote a lottery without being registeredAny Person

s.031 General offences. Imprisonment

Fraudulently evade lottery dutyAny Person

s.032 Offences by bodies corporate. Prosecution

Company officers liable for corporate offences under this ChapterDirector or Officer

Unlimited fine

41 other sections in this Part — procedural and definitional

s.001 Rates of duty.

s.002 Beer duty: rate for new regime.

s.003 Low strength beer.

s.004 Beer duty: abolition of certain reliefs,

s.005 Blending of alcoholic liquors.

s.006 Mixing of wine and spirits in excise warehouse.

s.007 Sparkling wine or made-wine.

s.008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.010 Extension of Hydrocarbon Oil Duties Act 1979 to energy products.

s.011 Other fuel substitutes.

s.012 Measurement of volume.

s.013 Rates of duty.

s.014 Hand-rolling tobacco.

s.015 Rates of duty.

s.016 Small-prize machines.

s.017 Rates of duty: general.

s.018 Exceptional loads.

s.019 Trade licences.

s.020 Old bicycles.

s.021 Simplification of duty on goods vehicles.

s.022 Mutual recovery and disclosure of information.

s.023 VAT and customs duty on vehicles subject to VED.

s.030 Application of revenue trade provisions of CEMA 1979.

s.033 Forfeiture.

s.034 Protection of officers etc.

s.035 Evidence by certificate etc.

s.036 Duty a preferential debt in insolvency.

s.037 Disclosure of information.

s.038 Regulations and orders.

s.039 Disapplication of pool betting duty.

s.040 Interpretation etc.

s.041 Commencement.

s.042 Fuel and power for domestic or charity use.

s.043 Vehicle fuel for private use.

s.044 Acquisitions from persons belonging in other member States.

s.045 Customers to account for tax on supplies of gold etc.

s.046 Appeals in respect of input tax.

s.047 Deemed supplies.

s.048 Bad debts.

s.049 Penalties etc.

s.050 Amendments in connection with abolition of car tax.

Part 2

Income Tax, Corporation Tax and Capital Gains Tax

0 of 148 sections shown

148 other sections in this Part — procedural and definitional

s.051 Charge and rates of income tax for 1993-94.

s.052 Personal and married couple’s allowances.

s.053 Charge and rate of corporation tax for 1993.

s.054 Small companies.

s.055 Relief for interest.

s.056 Interest relief: substitution of security.

s.057 Temporary relief for interest payments.

s.058 Overclaims in respect of deductions of mortgage interest.

s.059 Interest payments to persons not ordinarily resident in UK.

s.060 Certain interest not allowed as a deduction.

s.061 Qualifying debts for purposes of sections 63 to 66.

s.062 Exempted debts for those purposes.

s.062 Application of sections 63 to 66: supplementary.

s.063 Accrued income securities.

s.064 Deep discount securities.

s.065 Deep gain securities.

s.066 Avoidance of double charging.

s.067 Donations from companies and individuals.

s.068 Payroll deduction schemes.

s.069 Contributions to agent’s expenses.

s.070 Car benefits: 1993-94.

s.071 Car fuel: 1993-94.

s.072 Car and car fuel benefits: 1994-95 onwards.

s.073 Vans.

s.074 Heavier commercial vehicles.

s.075 Sporting and recreational facilities.

s.076 Removal expenses and benefits.

s.077 Application of lower rate.

s.078 Rate of advance corporation tax and tax credits.

s.079 Provisions supplemental to sections 77 and 78.

s.080 Transitional relief for charities etc.

s.081 Restriction of set-off of ACT.

s.082 Annual exempt amount for 1993-94.

s.083 Annual exempt amount: indexation for 1994-95 onwards.

s.084 Re-organisations etc. involving debentures.

s.085 Personal equity plans.

s.086 Roll-over relief.

s.087 Relief on retirement or re-investment.

s.088 Restriction on set-off of pre-entry losses.

s.089 De-grouping charges.

s.090 Insurance: transfers of business.

s.091 Deemed disposals of unit trusts by insurance companies.

s.092 The basic rule: sterling to be used

s.092 Company operating in sterling and preparing accounts in another currency

s.092 Company operating in currency other than sterling and preparing accounts in another currency

s.092 Company preparing accounts in currency other than sterling

s.092 Sterling equivalents: the basic rule

s.092 Sterling equivalents: carried-back amounts

s.092 Sterling equivalents: carried-forward amounts

s.092 Adjustment of sterling losses: carried-back amounts

s.092 Adjustment of sterling losses: carried-forward amounts

s.092 Meaning of “carried-back amount” and “carried-forward amount”

s.092 Interpretation of sections 92A to 92DD

s.095 . . . . . . . . . ....

s.096 Foreign companies: trading currency.

s.097 Modification of Taxes Act 1988.

s.098 Modification of section 440 of Taxes Act 1988.

s.099 Qualifying distributions, tax credits, etc.

s.100 Income from investments attributable to BLAGAB, etc.

s.101 Modification of Finance Act 1989.

s.102 Modification of Taxation of Chargeable Gains Act 1992.

s.103 Amendment of definition and repeals.

s.104 Calculation of consideration.

s.105 Expenditure on shares.

s.106 Earnings cap

s.107 Indexation of allowances etc. for 1994-95 onwards.

s.108 Counselling services for employees.

s.109 Pre-trading expenditure.

s.110 Waste disposal expenditure.

s.111 Business expansion scheme: loan linked investments.

s.112 Employers’ pension contributions.

s.113 Initial allowances: industrial buildings and structures.

s.114 Initial allowances: agricultural buildings etc.

s.115 First year allowances: machinery and plant.

s.116 Leasing.

s.117 Transactions between connected persons etc.

s.118 Scottish trusts.

s.119 Controlled foreign companies.

s.120 Pay and file: miscellaneous amendments.

s.121 Repayments and payments to friendly societies.

s.122 Application of Income Tax Acts etc. to public departments.

s.123 Expenditure involving crime.

s.124 Expenses of Members of Parliament.

s.125 Accrual on qualifying assets and liabilities.

s.126 Accrual on currency contracts.

s.127 Accrual on debts whose amounts vary.

s.128 Trading gains and losses.

s.129 Non-trading gains and losses: general.

s.130 Non-trading gains and losses: charge to tax.

s.131 Non-trading gains and losses: relief.

s.132 Modifications where loss carried forward.

s.133 Interaction with ICTA.

s.134 Alternative calculation.

s.135 Loss disregarded if the main benefit.

s.135 Sterling used if avoidance of gain is the main benefit.

s.136 Arm’s length test: assets and liabilities.

s.136 Arm’s length test: debts of varying amounts.

s.137 Arm’s length test: currency contracts.

s.138 Arm’s length test: non-sterling trades.

s.139 Claim to defer unrealised gains.

s.140 Deferral of unrealised gains.

s.141 Deferral: amount available for relief.

s.142 Deferral: non-sterling trades.

s.143 Deferral: supplementary.

s.144 Irrecoverable debts.

s.145 Irrecoverable debts that become recoverable.

s.146 Early termination of currency contract.

s.147 Reciprocal currency contracts.

s.148 Excess gains or losses.

s.149 Local currency to be used.

s.150 Exchange rate at translation times.

s.151 Exchange rate for debts whose amounts vary.

s.152 Qualifying companies.

s.153 Qualifying assets and liabilities.

s.154 Definitions connected with assets.

s.155 Definitions connected with liabilities.

s.156 Assets and liabilities: other matters.

s.157 Definitions connected with currency contracts.

s.158 Translation times and accrual periods.

s.159 Basic valuation.

s.160 Nominal currency of assets and liabilities.

s.161 Settlement currency of a debt.

s.162 Nominal amount of a debt.

s.163 Local currency of a trade.

s.164 Interpretation: miscellaneous.

s.165 Commencement and transitionals.

s.166 Anti-avoidance: change of accounting period.

s.167 Orders and regulations.

s.168 Insurance companies.

s.168 Application of Chapter to certain companies becoming resident in the United Kingdom.

s.169 Chargeable gains.

s.170 Amendments.

s.171 Taxation of profits and allowance of losses.

s.172 Year of assessment in which profits or losses arise.

s.173 Assessment and collection of tax.

s.174 Premium trust funds.

s.175 Special reserve funds.

s.176 Ancillary trust funds.

s.177 Reinsurance to close.

s.178 Stop-loss and quota share insurance.

s.179 Cessation: final year of assessment.

s.179 Death of member.

s.179 Conversion to underwriting through partnership or company

s.180 Underwriting profits to be relevant UK earnings etc.

s.181 Lloyd’s underwriting agents.

s.182 Regulations.

s.183 Consequential amendments.

s.184 Interpretation and commencement.

Part 3

Oil Taxation

0 of 11 sections shown

11 other sections in this Part — procedural and definitional

s.185 Abolition of PRT for oil fields with development consents on or after 16th March 1993.

s.186 Reduction of rates of PRT and interest repayments for taxable oil fields.

s.187 Returns and information.

s.188 Exploration and appraisal expenditure.

s.189 Transitional relief for certain exploration and appraisal expenditure.

s.190 Allowance of expenditure on certain assets limited by reference to taxable field use.

s.191 Time when expenditure is incurred.

s.192 Chargeable periods in which expenditure may be brought into account.

s.193 Tariff receipts etc.

s.194 Double taxation relief in relation to petroleum revenue tax.

s.195 Interpretation of Part III and consequential amendments of assessments etc.

Part 4

Inheritance Tax

0 of 5 sections shown

5 other sections in this Part — procedural and definitional

s.196 Rate bands: no indexation in 1993.

s.197 Rate bands: indexation for 1994 onwards.

s.198 Fall in value relief: qualifying investments.

s.199 Fall in value relief: interests in land.

s.200 Appeals: questions as to value of land.

Part 5

Stamp Duty

0 of 4 sections shown

4 other sections in this Part — procedural and definitional

s.201 Increase in stamp duty threshold.

s.202 Rent to mortgage: England and Wales.

s.203 Rent to loan: Scotland.

s.204 Method of denoting stamp duty.

Part 6

Miscellaneous and General

0 of 10 sections shown

10 other sections in this Part — procedural and definitional

s.205 The 1968 Act.

s.206 Corporation tax.

s.207 Stamp duty.

s.208 Residence: available accommodation.

s.209 Gas levy.

s.210 Trading funds.

s.211 National Debt Commissioners: securities.

s.212 Interpretation.

s.213 Repeals.

s.214 Short title.

Schedules

9 of 208 shown

s.sch018 In section 826 of the Taxes Act 1988 (interest on... Regulated

No interest on corporation tax repayments from exchange loss claimsTrader

s.sch020 (1) Where an asset is transferred into a member’s new-style... Regulated

Apply correct tax treatment to transfers into and payments from new-style fundsAny Person

s.sch020 (1) The arrangements must provide— (a) for the setting up,... Regulated

Set up a special reserve fund and appoint an authorised fund managerAny Person

s.sch020 (1) The arrangements must be such as to secure that,... Regulated

Ensure special reserve fund arrangements allow contributions from syndicate profitsAny Person

s.sch020 (1) The arrangements must be such as to secure that,... Regulated

Transfer money from special reserve fund to premium trust fund when cash calls ariseAny Person

s.sch020 (1) The arrangements must be such as to secure that,... Regulated

Manage Lloyd's syndicate losses using special reserve fundsAny Person

s.sch020 (1) The arrangements must be such as to secure that... Regulated

Fund manager must value and report special reserve fund annually and pay out excessFinancial Services Firm

s.sch020 (1) The arrangements must provide that, on the member ceasing... Regulated

Pay out special reserve fund when underwriting business endsSelf-Employed Person

s.sch020a (1) This paragraph applies if a member— Regulated

Notify HMRC of withdrawal of Lloyd's resignation within 6 monthsAny Person

199 other schedules

s.sch002 (1) In subsection (2) of section 14 of the 1985...

s.sch002 (1) In subsection (1)(b) of section 14A of the 1985...

s.sch002 (1) After section 15 of the 1985 Act there shall...

s.sch002 (1) In subsections (1) and (3) of section 18 of...

s.sch002 (1) In section 19 of the 1985 Act, in subsection...

s.sch002 (1) For subsection (4) of section 19 of the 1985...

s.sch002 (1) In subsection (5) of section 19 of the 1985...

s.sch002 In this Schedule “the 1985 Act” means the Finance Act...

s.sch003 The Taxes Act 1988 shall be amended as follows.

s.sch003 (1) In section 157 (cars available for private use) for...

s.sch003 (1) In subsection (5) of section 168 (interpretation of provisions...

s.sch003 The following sections shall be inserted after section 168— Price...

s.sch003 For Schedule 6 there shall be substituted the following Schedule—...

s.sch003 (1) In section 158 (car fuel) for the Tables in...

s.sch003 This Schedule shall have effect for the year 1994-95 and...

s.sch004 The Taxes Act 1988 shall be amended as follows.

s.sch004 In section 154(2), in paragraph (b) (which excludes from the...

s.sch004 In section 155(1) (exclusion from charge of certain other benefits...

s.sch004 After section 159 there shall be inserted the following sections—...

s.sch004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch004 (1) In section 168 (interpretation) after subsection (5) there shall...

s.sch004 After Schedule 6 there shall be inserted the following Schedule—...

s.sch004 This Schedule shall have effect for the year 1993-94 and...

s.sch005 The following shall be inserted after section 191 of the...

s.sch005 The following Schedule shall be inserted after Schedule 11 to...

s.sch006 In each of sections 167(2A), . . ., . ....

s.sch006 In section 694(2A) of that Act (special charge for trustees...

s.sch006 (1) In each of sections 695(4)(a), 696(3) to (5) and...