UK Act of Parliament
1994
United Kingdom
Finance Act 1994
At a glance
What's here
6 compliance obligations
Who this Act binds
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
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 462 other Schedules — structural / supplementary
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
In Article 34 of the Road Traffic (Northern Ireland) Order...
In section 47 of the Road Traffic Act 1988 (obligatory...
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Paragraphs . . ., 24 and 25 shall come into...
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
Vehicles excise duty: miscellaneous provisions
(1) The Betting and Gaming Duties Act 1981 shall be...
No special licence (as defined in section 21(2) of the...
(1) Accordingly, that Act shall be amended as follows.
(1) In Part I of Schedule 4 to that Act...
(1) Part II of Schedule 4 to that Act shall...
The Management Act shall be amended in accordance with the...
(1) In subsection (4) of section 115 (offence of tampering...
In section 116(3) (offence of failing to pay duty on...
In section 118G (offences in connection with record keeping etc....
(1) In subsection (1) of section 170A (offence of handling...
The Alcoholic Liquor Duties Act 1979 shall be amended in...
In section 8(2) (offence of contravening condition of remission of...
In section 10(2) (offence of contravening condition of remission of...
(1) In subsection (3) of section 13 (offence and forfeiture...
(1) In subsection (4) of section 15 ....
(1) In subsection (2) of section 16 (offence and forfeiture...
(1) In subsection (6) of section 92 (offence of making...
In section 18(6) (rectifying or compounding spirits in contravention of...
(1) In subsection (2) of section 19 (offence and forfeiture...
In each of subsections (1) and (2) of section 20...
Penalties for statutory contraventions
In section 22(9) (offence and forfeiture in the case of...
Penalties for statutory contraventions
(1) In subsection (1) of section 33 (offence and forfeiture...
For subsection (2) of section 34 (offence of contravening prohibition...
Penalties for statutory contraventions
In section 41A(8) (offence and forfeiture in the case of...
In section 93(6) (offence of failing to comply with any...
In section 44(2) (offence of contravening condition imposed in connection...
In section 46(2) (offence of contravening regulations relating to the...
(1) In subsection (4) of section 47 (offence of failing...
For subsection (3) of section 49 (offence and forfeiture in...
In section 54(5) (offence of producing wine on unlicensed premises),...
In section 55(6) (offence of producing made-wine on unlicensed premises),...
Penalties for statutory contraventions
In section 56(2) (offence and forfeiture in the case of...
For subsection (2) of section 59 (offence of rendering wine...
In section 61(2) (offence of contravening regulations relating to the...
In section 100J (offence and forfeiture in the case of...
(1) In subsection (4) of section 62 (offence of producing...
In section 64(2) (offence of contravening regulations relating to the...
Penalties for statutory contraventions
Penalties for statutory contraventions
Penalties for statutory contraventions
In section 75(5) (offence of unlicensed methylation of spirits)—
(1) In subsection (3) of section 77 (offence of contravening...
Penalties for statutory contraventions
Penalties for statutory contraventions
The Hydrocarbon Oil Duties Act 1979 shall be amended in...
In section 101(4) (offence of failing to produce licence after...
(1) In subsection (3) of section 10 (offences in connection...
(1) In subsection (1) of section 13 (offences in connection...
(1) In subsection (4) of section 14 (offences in connection...
Penalties for statutory contraventions
In section 20AA(4) (offence and forfeiture in the case of...
In section 21(3) (offence and forfeiture in the case of...
(1) In subsection (1) of section 22 (offence and forfeiture...
(1) In subsection (1) of section 23 (offence and forfeiture...
In section 24(4) (offence and forfeiture in the case of...
In section 7(2) of the Tobacco Products Duty Act 1979...
(1) In subsection (2) of section 107 (offence of failing...
The Betting and Gaming Duties Act 1981 shall be amended...
In section 24(5) (offence where gaming machine provided without there...
(1) In paragraph 13 of Schedule 1 (enforcement), for sub-paragraphs...
Penalties for statutory contraventions
(1) In sub-paragraph (3) of paragraph 16 of Schedule 3...
(1) In sub-paragraph (1) of paragraph 16 of Schedule 4...
Chapter II of Part I of the Finance Act 1993...
In section 27(4) (offence of failing to pay duty)—
In each of sections 28(3) and 29(8) (offences of contravening...
In section 108(4) (offence of contravening directions in relation to...
(1) In subsection (1) of section 111 (using premises or...
In section 114(2) (offence of using prohibited substance or liquor),...
The following decisions so far as they are made under...
(1) In this Schedule references to any decision as to...
(1) The following decisions under or for the purposes of...
(1) The following decisions under or for the purposes of...
(1) The following decisions under or for the purposes of...
Any decision which is made under or for the purposes...
Any decision— (a) to refuse an approval under section 8L...
Any decision as to whether or not any person is...
(1) The following decisions under or for the purposes of...
Any decision as to whether or not any person is...
(1) Any decision made under or for the purposes of...
The following decisions under or for the purposes of Chapter...
Any decision under or for the purposes of Part 2...
Any decision for the purposes of Part 3 of the...
Any decision by the Commissioners— (a) on a claim under...
(1) The Customs and Excise Management Act 1979 shall have...
Air passenger duty: administration and enforcement
Air passenger duty: administration and enforcement
(1) Where by virtue of paragraph 7 above duty due...
(1) A certificate of the Commissioners— (a) that a person...
Air passenger duty: administration and enforcement
Section 118B of that Act shall have effect for the...
(1) A notice may require any person to whom paragraph...
In relation to any person to whom paragraph 1 or...
(1) Any person having the management of an airport shall,...
An appeal which relates to duty shall not be entertained...
(1) Where an assessment of duty due from any person...
(1) Where on an appeal by any person (“the appellant”)...
Air passenger duty: administration and enforcement
(1) In this Schedule— “ insurance-related service ” means any...
(1) Subject to paragraph 5, a premium under a taxable...
(1) Subject to paragraph 5, a premium under a taxable...
(1) A premium under a taxable insurance contract relating to...
(1) A premium under a taxable insurance contract falls within...
(1) This paragraph applies where (apart from this paragraph) a...
(1) Regulations may require registrable persons to keep records.
(1) A person guilty of an offence under paragraph 9(1)...
Sections 145 to 155 of the Customs and Excise Management...
Civil penalties
Civil penalties
Civil penalties
(1) This paragraph applies if a person fails to comply...
(1) This paragraph applies where— (a) by virtue of regulations...
(1) If a person fails to comply with—
(1) A person who— (a) by virtue of subsection (3),...
(1) This paragraph applies where— (a) in accordance with regulations...
(1) Every person who is concerned (in whatever capacity) in...
For the purposes of paragraphs ... 15(5), 17(3)... and 19(4)...
(1) Where an assessment is made under any provision of...
(1) Where, due to an error on the part of...
(1) In a case where— (a) any interest is payable...
Where it appears to the Commissioners requisite to do so...
(1) Where a person is liable— (a) to a penalty...
(1) Subject to the following provisions of this paragraph, an...
If, otherwise than in circumstances falling within subsection (5)(b) of...
(1) Notwithstanding any obligation not to disclose information that would...
(1) Notwithstanding any obligation not to disclose information that would...
(1) Notwithstanding any obligation not to disclose information that would...
(1) A certificate of the Commissioners— (a) that a person...
(1) Every person who is concerned (in whatever capacity) in...
Any notice, notification or requirement to be served on, given...
In section 827 of the Taxes Act 1988 (no deduction...
Insurance premium tax
In section 1(1) of the Provisional Collection of Taxes Act...
(1) In a case where— (a) by virtue of a...
(1) Where, after the making of a contract of insurance...
(1) . . . . . . . . ....
(1) Where, on an application by an authorised person, a...
(1) An authorised person who removes anything in the exercise...
(1) Where, on an application made as mentioned in sub-paragraph...
(1) Tax due from any person shall be recoverable as...
(1) Where a person has paid an amount to the...
(1) A person is guilty of an offence if—
A contract falls within this paragraph if it is a...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if—
(1) A contract falls within this paragraph if it relates...
(1) This Part of this Schedule applies for the purposes...
Paragraphs 2, 4, 5, 7, 7A, 8, 9, 10, 11...
(1) Subject to sub-paragraph (3) below, a contract falls within...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
(1) A contract falls within this paragraph if it relates...
In section 257A(6) of the Taxes Act 1988 (relief confined...
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
In section 796(1) of that Act (limits on credit for...
In section 37A of the Taxes Management Act 1970 (effect...
(1) In subsections (1) and (2) of section 257BA of...
(1) In subsection (1) of section 257BB of that Act...
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
Supplemental provisions relating to personal reliefs
Mortgage interest relief
(1) In subsection (2) of section 370 of the Taxes...
In section 375(3) of the Taxes Act 1988 (liability of...
Subsection (7) of section 57 of the Finance Act 1993...
Mortgage interest relief
Subsections (4) and (5) of section 353 of the Taxes...
Mortgage interest relief
Mortgage interest relief
Mortgage interest relief
Mortgage interest relief
Mortgage interest relief
Mortgage interest relief
In this Schedule “the 1989 Act” means the Finance Act...
(1) Section 54 of the 1989 Act (relief on premiums...
(1) In sections 257D(8) and 265(3) of the Taxes Act...
(1) In section 54 of the 1989 Act the following...
(1) Section 55 of the 1989 Act (eligible contracts) shall...
The Board shall not certify a contract under section 56...
Chapter IA of Part V of the Taxation of Chargeable...
In section 164L— (a) after subsection (10) there is inserted—...
In section 164N, after subsection (1) there is inserted—
In section 164A— (a) in subsection (1)(a), for the words...
For section 164B there is substituted— Roll-over relief on re-investment...
Sections 164C to 164E are omitted.
In section 164H(1), “within the meaning of section 164C” is...
In section 164L(10), for the words following “trustees or” there...
For section 164A(8) there is substituted— (8) For the purposes...
Section 164A(11) is omitted and after section 164B there is...
(1) In section 164F— (a) for subsection (1) there is...
This Schedule applies in relation to chargeable gains and allowable...
(1) This paragraph applies for the purposes of this Schedule,...
(1) The cases in which the appropriation of an asset...
(1) Where in the case of any taxpayer—
(1) Where in the case of any taxpayer—
(1) This paragraph applies where, at any time in the...
(1) This paragraph applies where, at any time in the...
(1) In this Schedule— “the 1992 Act” means the Taxation...
The Finance Act 1989 shall be amended as provided in...
In Schedule 5, in paragraph 3 (trustees) the following sub-paragraph...
In Schedule 5, the following paragraphs shall be inserted after...
In Schedule 5, the following shall be inserted at the...
In Schedule 5, the following paragraph shall be inserted after...
(1) Section 69 (chargeable events) shall be amended as follows....
(1) Paragraph 9 of Schedule 5 (transfer of securities) shall...
In Schedule 5, the following paragraph shall be inserted after...
Chapter III of Part XII of the Taxes Act 1988...
The following sections shall be inserted immediately before section 469—...
(1) Section 468 (authorised unit trusts) shall be amended as...
Sections 468F and 468G shall cease to have effect.
Distributions of authorised unit trusts
In section 834(3) of the Taxes Act 1988 (date on...
(1) Subject to sub-paragraph (2) below, this Schedule shall have...
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
The Taxation of Chargeable Gains Act 1992 shall be amended...
In section 150 (business expansion schemes), at the end of...
Enterprise investment scheme
After that section there is inserted— Enterprise investment scheme. (1) For the purpose of determining the gain or loss...
At the end of section 164M of that Act (exclusion...
(1) After that section there is inserted— Exclusion of double...
In section 164N(1), in the definition of “eligible shares”, for...
In section 231(1)(d), “(business expansion scheme)” is omitted.
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Enterprise investment scheme
Foreign income dividends
In the first column of the Table in section 98...
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
(1) Section 826 of the Taxes Act 1988 shall be...
Foreign income dividends
Foreign income dividends
(1) Section 434 of the Taxes Act 1988 (franked investment...
Foreign income dividends
Foreign income dividends
Foreign income dividends
Foreign income dividends
Section 43(1) of the Taxes Act 1988 shall have effect,...
(1) Subsection (1) of section 271 of that Act shall...
Minor corrections
Minor corrections
Minor corrections
Minor corrections
Section 768(6) of that Act (in its application as amended...
Sections 842(4) and 843(2) of that Act (in their application...
Paragraph 8(b) of Schedule 11 to that Act (in its...
(1) Part I of Schedule 11 to the Finance Act...
(1) Where the I minus E basis is applied for...
(1) Subject to sub-paragraph (2) below, sub-paragraphs (3) and (4)...
(1) Subject to sub-paragraph (2) below, sub-paragraph (3) below applies...
In this Schedule— . . . . . . “non-life...
(1) For section 7 of the Management Act there shall...
Management: other amendments
(1) In subsection (1) of section 36 of the Management...
In subsections (1) and (2) of section 40 of the...
For section 42 of the Management Act there shall be...
Management: other amendments
Management: other amendments
Management: other amendments
(1) For subsections (6) and (7) of section 50 of...
(1) For subsection (1) of section 55 of the Management...
Management: other amendments
In subsection (2) of section 12A of the Management Act...
Management: other amendments
Management: other amendments
(1) After section 70 of the Management Act there shall...
Management: other amendments
In subsection (1) of section 87A of the Management Act...
For section 93 of the Management Act there shall be...
After section 93 of the Management Act there shall be...
Management: other amendments
Management: other amendments
Management: other amendments
After section 12A of the Management Act there shall be...
(1) For subsection (2) of section 98B of the Management...
(1) In subsection (1) of section 100B of the Management...
Management: other amendments
After section 103 of the Management Act there shall be...
(1) In subsection (1) of section 118 of the Management...
After Schedule 1 to the Management Act there shall be...
Management: other amendments
(1) In subsection (8) of section 96 of the Taxes...
In subsection (2)(dd) of section 203 of the Taxes Act...
In subsection (5) of section 534 of the Taxes Act...
(1) After subsection (1A) of section 30 of the Management...
In subsection (5) of section 537A of the Taxes Act...
(1) For subsection (1) of section 824 of the Taxes...
In subsection (2) of section 826 of the Taxes Act...
(1) In sub-paragraph (3) of paragraph 2 of Schedule 5...
In subsection (2)(f) of section 178 of the Finance Act...
In subsection (1) of section 16 of the Social Security...
(1) In subsection (1) of section 283 of the Taxation...
(1) After section 30 of the Management Act there shall...
After section 30A of the Management Act there shall be...
Management: other amendments
Management: other amendments
After section 33 of the Management Act there shall be...
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
(1) ... this paragraph applies in the case of—
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
(1) In this Schedule— (a) any reference to a source...
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Changes for facilitating self-assessment: transitional provisions and savings
Lloyd’s underwriters: individuals
Part II of that Schedule (payments on account of tax)...
Lloyd’s underwriters: individuals
(1) In Schedule 20 to the 1993 Act (special reserve...
(1) For paragraph 8 of that Schedule (entitlement of member...
(1) In sub-paragraphs (1) to (4) of paragraph 10 of...
(1) In sub-paragraph (2) of paragraph 11 of that Schedule...
(1) In sub-paragraph (1) of paragraph 13 of that Schedule...
(1) In subsection (1) of section 172 of the 1993...
For subsection (1) of section 174 of the 1993 Act...
(1) After subsection (4) of section 177 of the 1993...
(1) In subsection (2) of section 178 of the 1993...
(1) In section 179 of the 1993 Act (cessation: final...
(1) In section 182 of the 1993 Act (regulations), subsections...
(1) In subsection (1) of section 184 of the 1993...
(1) In Schedule 19 to the 1993 Act (assessment and...
(1) An election shall be made by serving it on...
(1) If, while an election is in operation, the electing...
(1) This paragraph applies in any case where—
(1) This paragraph applies if there is a disposal of...
(1) This paragraph applies if, after 30th November 1993 and...
(1) The Board shall reject an election if they are...
(1) Notice of the acceptance or rejection of an election...
(1) Where the Board serve notice on an electing participator...
(1) Within thirty days of the relevant date, the electing...
Where a participator fraudulently or negligently furnishes any incorrect information...
(1) Without prejudice to paragraph 6 above, this paragraph applies...
(1) This paragraph applies where the Board serve notice under...
(1) The provisions of this paragraph apply where—
(1) In section 2 (assessable profits and allowable losses), in...
In Schedule 2 (management and collection of PRT), in paragraph...
(1) In Schedule 3 (miscellaneous provisions relating to PRT), in...
After paragraph 3 of Schedule 3 (aggregate market value of...
(1) In this Schedule— . . . “the Board” means...
Schedule 2 to the Gains Act (assets held on 6th...
(1) In this paragraph, “relevant disposal” means—
(1) This paragraph applies in any case where—
Where, by virtue of any relevant transfer, there is transferred...
(1) If the whole or any part of the amount...
(1) Subject to the following provisions of this paragraph, where...
Where any of the liabilities of a successor company are...
(1) The existence of the powers of the Secretary of...
(1) Subject to sub-paragraph (2) below, any shares issued by...
(1) For the purposes of section 781 of the Taxes...
(1) For the purposes of the Gains Act, where there...
(1) Subject to the following provisions of this Schedule, where,...
(1) The Capital Allowances Act shall have effect in accordance...
(1) In this paragraph, “relevant disposal” means—
(1) Section 779 of the Taxes Act 1988 (sale and...
No charge to tax shall arise by virtue of section...
(1) Subject to sub-paragraph (2) below, where the effect of...
Where liability for a loan made to the Board is...
(1) This paragraph applies to any person (an “eligible person”)—...
(1) Subsection (4) of section 23 of the Gains Act...
(1) Nothing in Part II or III of the Railways...
Subsection (1) of section 174 of the Gains Act (which...
(1) Subject to the following provisions of this paragraph, where...
(1) Sub-paragraph (2) below applies to any disposal effected pursuant...
(1) For the purposes of section 179 of the Gains...
(1) Where by virtue of any relevant transfer—
(1) In this Schedule— “the final accounting period” means the...
(1) The following shall apply for the purposes of the...
(1) This paragraph applies where NIAL has, before the transfer...
(1) This paragraph applies where under Article 54(2) an asset...
(1) This paragraph applies where— (a) NIAL is entitled, under...
(1) Any share issued by the successor company under Article...
The repeals in section 179 of the Finance Act 1993...
The repeal in paragraph 13(1) of Schedule 20 to the...
The other repeals have effect in accordance with section 228(3)...
(4)Vocational training Chapter Short title Extent of repeal 1991 c....
(13) Authorised unit trusts Chapter Short title Extent of repeal...
(1) The repeals in the Income and Corporation Taxes Act...
(1) The repeals in sections 188 and 189 have effect...
(1) The repeal of section 118(3) of the Taxes Management...
(24) Changes for facilitating self-assessment Chapter Short title Extent of...
(1) The repeal in section 65(3) of the Income and...
(25) Lloyd’s underwriters Chapter Short title Extent of repeal 1988...
Other assessments relating to excise duty matters.
Other duties (1) — Crown / regulator
- HMRC must recover incorrectly granted excise duty relief Crown / Minister / Government department
Air passenger duty.
- Pay Air Passenger Duty on flights from UK airports
Fiscal representatives.
- Appoint a fiscal representative if you are an aircraft operator without a UK establishment
Security for payment of duty.
- Provide financial security for duty payments when HMRC requires it
Accounting for and payment of duty.
- Keep accounts, make returns, and pay air passenger duty as prescribed
Part-exempt contracts: exemption from requirement to make returns
- Keep records distinguishing excepted premiums if exemption from returns granted
Browse 337 other sections — procedural / definitional / commencement
Wine, made-wine and cider.
Tobacco products.
Hydrocarbon oil.
Customs and Excise
Vehicles excise duty: miscellaneous provisions.
Gaming machine licence duty.
Meaning of tribunal
Penalty for evasion of excise duty.
Penalties for contraventions of statutory requirements.
Exceptions to liability under section 9.
Breaches of controlled goods agreements
Breaches of walking possession agreements.
Assessments to excise duty.
Section 12A: supplementary provisions.
Assessments to penalties.
Meaning of “relevant decision”
Requirement for review of decision under section 152(b) of the Management Act etc
Review out of time
Review procedure.
Offer of review of relevant decision
Right to require review
Review by HMRC
Extensions of time
Review out of time
Nature of review etc
Appeals to a tribunal.
Temporary approvals etc pending review or appeal: eligibility
Temporary approvals etc pending review or appeal: process
Temporary approvals etc pending review or appeal: modifications
Interpretation.
Consequential modifications of enactments.
Commencement of Chapter.
Interpretation, etc.
Requirements about keeping records.
Records and rules of evidence.
Furnishing of information and production of documents.
Power of entry.
Order for production of documents.
Procedure when documents are removed.
Failure of officer to comply with requirements under section 26.
Chargeable aircraft.
Chargeable aircraft: exceptions
The rate of duty.
Northern Ireland long haul and ultra-long haul rates of duty
Passengers: exceptions.
Change of circumstances after ticket issued etc.
Registration of aircraft operators.
Registration of Northern Ireland long haul aircraft operators
Administrative representatives.
Fiscal representatives: supplementary.
Handling agents.
Schemes for simplified operation of Chapter
Administration and enforcement.
Offences.
Northern Ireland long haul rates of duty: disclosure of information
Regulations and orders.
Interpretation.
Commencement.
Misdeclaration
Repayment supplement.
Set-off of credits.
Insurance premium tax.
Charge to tax.
Chargeable amount.
Rate of tax.
Premiums liable to tax at the higher rate.
Liability to pay tax.
Certain fees to be treated as premiums under higher rate contracts.
Registration of insurers.
Information required to keep register up to date.
Registration of taxable intermediaries.
Accounting for tax and time for payment.
Credit.
Power to assess.
Tax representatives.
Rights and duties of tax representatives.
Appeals
Offer of review
Right to require review
Review by HMRC
Extensions of time
Review out of time
Nature of review etc
Bringing of appeals
Further provisions relating to appeals
Review and appeal: commencement.
Partnership, bankruptcy, transfer of business, etc.
Groups of companies.
Information, powers, penalties, etc.
Liability of insured in certain cases.
Directions as to amounts of premiums.
Rate increases: deemed date of receipt of certain premiums
Section 66A: exceptions and apportionments
Rate changes: premiums relating to more than one period of cover
Deemed date of receipt of certain premiums.
Announced increase in rate of tax: certain premiums treated as received on date of increase.
Announced increase in rate of tax: certain contracts treated as made on date of increase.
Announced increase in rate of tax: exceptions and apportionments.
Special accounting schemes.
Charge to tax where different rates of tax apply.
Part-exempt contracts: excepted premiums
Treatment of excepted premiums where limits breached after receipt
Withdrawal of exemption
Interpretation: taxable insurance contracts.
Taxable insurance contracts: power to change definition.
Interpretation: premium.
Interpretation: other provisions.
Orders and regulations.
Charge and rates of income tax for 1994-95.
Personal allowance.
Rate of relief to married couples etc.
Amount by reference to which MCA is reduced.
Relief for maintenance payments.
Limit on relief for interest.
Mortgage interest relief etc.
Relief for blind persons.
Medical insurance.
Relief for vocational training.
Charge and rate of corporation tax for 1994.
Small companies.
Car fuel.
Beneficial loan arrangements.
Vouchers and credit-tokens.
Annual exempt amount for 1994-95.
Relief on re-investment.
Relief on retirement.
Indexation losses.
Set-off of pre-entry losses.
Commodity and financial futures.
Cash-settled options.
Settlements with foreign element: information.
The distributable pool.
Parts of undertakings.
Relevant age for purpose of appropriate percentage.
Acceptance of qualifying corporate bonds for shares.
Employee share ownership trusts.
The administrator.
Default of administrator etc.
Information.
False statements etc.
Discretionary approval.
Taxation of benefits of non-approved schemes.
Annuities derived from personal pension schemes.
Annuities derived from retirement benefits schemes.
Rate of corporation tax.
Distributions of authorised unit trusts.
Umbrella schemes.
Assets and liabilities.
Currency contracts: net payments.
Currency contracts: matching.
Expenditure on machinery or plant.
Expenditure on machinery or plant: notification.
Transactions between connected persons.
Balancing charge on realisation of capital value.
Used buildings etc. in enterprise zones.
Sale and repurchase of securities: deemed manufactured payments.
Manufactured payments.
Overseas dividend manufacturers: limitation of double taxation relief.
Payment by intermediary.
Employees working for persons other than their employers, etc.
Tradeable assets.
Non-cash vouchers.
Credit-tokens.
Cash vouchers.
Supplementary.
Payments etc. received free of tax.
PAYE regulations: past cases.
Controlled foreign companies.
Prevention of avoidance of corporation tax.
Parts of trades: computations in different currencies.
Enterprise investment scheme.
Foreign income dividends.
Taxation of incapacity benefit.
Restriction on deduction from income.
Expenditure involving crime.
Mortgage interest payable under deduction of tax: qualifying lenders.
Premiums referred to pension business.
Debts released in voluntary arrangement: relief from tax.
Relief for business donations.
Minor corrections.
Qualifying contracts.
Debt contracts and options to be qualifying contracts.
Contracts which may become qualifying contracts.
Interest rate contracts and options.
Currency contracts and options.
Debt contracts and options.
Provisions which may be included.
Provisions which may be disregarded.
Qualifying payments.
Qualifying companies.
Accrual of profits and losses.
Basis of accounting: general.
Basis of accounting for linked currency options.
Adjustments for changes in basis of accounting.
Trading profits and losses.
Non-trading profits and losses.
Termination etc. of qualifying contracts.
Exchange gains and losses on currency contracts.
Irrecoverable payments.
Released payments.
Transfers of value by qualifying companies.
Transfers of value to associated companies.
Transactions not at arm’s length.
Qualifying contracts with non-residents.
Qualifying contracts for unallowable purposes
Insurance and mutual trading companies.
Investment trusts.
Charities.
Partnerships involving qualifying companies.
Prevention of double charging etc.
Prevention of deduction of tax.
Transitional provisions.
Minor and consequential amendments.
Interpretation of Chapter II.
Personal and trustee’s returns.
Returns to include self-assessment.
Power to enquire into returns.
Return of profits.
Return of profits to include self-assessment.
Power to enquire into return of profits.
Partnership return.
Partnership return to include partnership statement.
Power to enquire into partnership return.
Power to call for documents.
Amendment of self-assessment.
Amendment of partnership statement.
Determination of tax where no return delivered.
Assessment where loss of tax discovered.
Payments on account of income tax.
Payment of income tax and capital gains tax.
Surcharges on unpaid income tax and capital gains tax.
Payment of corporation tax.
Management: other amendments.
Construction of certain references.
Transitional provisions.
Interpretation and commencement of Chapter III.
Assessment on current year basis.
Basis of assessment at commencement.
Change of basis period.
Conditions for such a change.
Basis of assessment on discontinuance.
Overlap profits and overlap losses.
Basis of assessment under Case III.
Basis of assessment under Cases
Basis of assessment under Case VI.
Loss relief: general.
Relief for losses on unquoted shares.
Income tax allowances and charges in taxing a trade etc.
Changes for Facilitating Self-Assessment
Changes for Facilitating Self-Assessment
Amendments of other enactments.
Treatment of partnerships.
Effect of change in ownership of trade, profession or vocation.
Double taxation relief in respect of overlap profits.
Commencement, transitional provisions and savings.
Taxation of profits.
Accounting period in which certain profits or losses arise.
Assessment and collection of tax.
Premium trust funds.
Ancillary trust funds.
Reinsurance to close.
Stop-loss and quota share insurance.
Provisions which are not to apply.
Cessation: final underwriting year.
Restriction of group relief
Transfer of underwriting business without change of ownership
Exemption for profits or losses of foreign permanent establishments
Lloyd’s underwriters: individuals.
Regulations.
Interpretation and commencement.
Election by reference to pipe-line with excess capacity.
Restriction on electing participator’s allowable expenditure on elected assets.
Tax relief for certain receipts of an electing participator.
Interpretation of Chapter and supplementary provisions.
Valuation of oil.
Valuation of certain light gases.
Abortive exploration expenditure.
Disposals of assets producing tariff receipts.
Execution of deeds.
Time for presenting agreement for lease.
Requirements before lease treated as duly stamped.
Exchange, partition, etc.
Where consideration not ascertainable from conveyance or lease.
Agreements to surrender leases.
Production of documents on transfer of land in Northern Ireland.
Production of documents: supplementary.
Rate bands: no indexation in 1994.
Business and agricultural relief.
Corporate Lloyd’s underwriters.
Certain companies treated as non-resident.
Companies treated as non-resident: supplementary.
Companies treated as non-resident: repeals.
Railways.
Northern Ireland Airports Limited.
Practice and procedure in connection with appeals.
Calling for documents of taxpayers and others.
Minor corrections.
Interpretation and construction.
Repeals.
Short title.
These repeals have effect in relation to licences taken out...
These repeals come into force on 1st June 1994.
These repeals have effect in accordance with Schedule 3 to...
Section 19 of this Act applies to these repeals as...
This repeal has effect in accordance with section 46 of...
The repeals in section 347B of the Income and Corporation...
These repeals have effect in accordance with section 81(6) of...
This repeal comes into force in accordance with section 84(4)...
(5)Beneficial loans Chapter Short title Extent of repeal 1988 c....
These repeals have effect in accordance with section 88(5) of...
(6)Vouchers Chapter Short title Extent of repeal 1988 c. 1....
These repeals have effect in accordance with section 91(2) of...
(8)Indexation allowance Chapter Short title Extent of repeal 1992 c....
These repeals have effect in accordance with section 93(11) of...
(9)Commodity and financial futures Chapter Short title Extent of repeal...
This repeal has effect in accordance with section 95(2) of...
(10) Settlements with foreign element: information Chapter Short title Extent...
These repeals have effect in accordance with section 97 of...
(11) Profit sharing schemes Chapter Short title Extent of repeal...
These repeals have effect in accordance with section 111 of...
(14) Manufactured payments Chapter Short title Extent of repeal 1988...
These repeals have effect in accordance with section 123 of...
(15) Controlled Foreign Companies Chapter Short title Extent of repeal...
These repeals have effect in accordance with section 134(5) of...
(16) Repeals connected with foreign income dividends Chapter Short title...
These repeals have effect in relation to shares issued on...
(18) Deduction from income Chapter Short title Extent of repeal...
This repeal has effect in accordance with section 140 of...
(19) Qualifying lenders Chapter Short title Extent of repeal 1988...
These repeals have effect in accordance with section 143 of...
(21) Business donations Chapter Short title Extent of repeal 1990...
The repeals in sections 43 and 271 of, and Schedule...
(23) Management: self-assessment etc. Chapter Short title Extent of repeal...
These repeals have effect in accordance with section 241(6) of...
This repeal has effect in accordance with section 245(8) of...
These repeals have effect in accordance with section 251 of...
This repeal shall be deemed to have come into force...
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