(1) The Board may by notice require any company which...
- Deliver windfall tax return when required by HMRC notice
UK Act of Parliament
1997
United Kingdom
Finance (No. 2) Act 1997
At a glance
What's here
2 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
(1) Subject to the following provisions of this Schedule, the...
Other duties (1) — Crown / regulator
- HMRC must assess windfall tax based on your return if it's correct Crown / Minister / Government department
Browse 118 other Schedules — structural / supplementary
(1) Subject to paragraph 7 below, where a company was...
(1) Subject to paragraph 4 below, the value in profit-making...
(1) Subject to paragraph 4 below, the value which for...
(1) For the purposes of this Schedule, where the disposal...
(1) For the purposes of paragraph 2 above the amount...
(1) In this Schedule “initial period”, in relation to a...
(1) This paragraph applies where— (a) a company (“the predecessor...
(1) In this Schedule “financial year”, in relation to a...
(1) Where there is an appeal to the Special Commissioners...
(1) Subject to the following provisions of this paragraph, the...
(1) Where any amount of windfall tax with which a...
(1) For the purposes of this Part, section 20 of...
(1) Where a chargeable company fraudulently or negligently delivers an...
(1) The provisions of the Management Act which are set...
(1) Subject to sub-paragraph (3) below, where any amount of...
(1) Where a company which has become liable to a...
(1) The provisions of the Management Act which are set...
(1) In this Schedule— “the Board” means the Commissioners of...
(1) If a chargeable company has not, before 1st December...
(1) The amount of windfall tax with which a chargeable...
(1) If the Board discover that any company which—
(1) An assessment shall not be made under this Schedule...
(1) If, on a claim made to the Board, it...
(1) If any company which has paid an amount of...
(1) An appeal to the Special Commissioners shall lie against...
(1) Section 76 of the Taxes Act 1988 (expenses of...
(1) Schedule 19AB to the Taxes Act 1988 (payments on...
(1) Schedule 19AB to the Taxes Act 1988, as it...
(1) For the purposes of section 121 of the Finance...
(1) Schedule 19AC to the Taxes Act 1988 (modification of...
(1) Section 89 of the Finance Act 1989 (policy holders’...
In section 65 of the Finance (No.2) Act 1992 (life...
(1) In section 432E of the Taxes Act 1988 (section...
(1) Section 434 of the Taxes Act 1988 (franked investment...
(1) In section 434A of the Taxes Act 1988 (computation...
(1) In section 436 of the Taxes Act 1988 (pension...
(1) Section 438 of the Taxes Act 1988 (pension business:...
(1) In section 439B of the Taxes Act 1988 (life...
(1) Section 440B of the Taxes Act 1988 (modifications where...
(1) Section 441A of the Taxes Act 1988 (section 441:...
(1) In section 7 of the Taxes Management Act 1970...
(1) Section 249 of the Taxes Act 1988 (stock dividends...
(1) In section 421 of the Taxes Act 1988 (taxation...
(1) Section 469 of the Taxes Act 1988 (unit trusts...
(1) In section 549 of the Taxes Act 1988 (policies...
(1) Section 660C of the Taxes Act 1988 (settlements where...
(1) In section 687 of the Taxes Act 1988 (payments...
(1) Section 689B of the Taxes Act 1988 (order in...
(1) In section 699 of the Taxes Act 1988 (relief...
(1) In section 703 of the Taxes Act 1988 (cancellation...
(1) In section 709 of the Taxes Act 1988 (meaning...
(1) In section 42 of the Taxes Management Act 1970...
(1) Section 743 of the Taxes Act 1988 (provisions supplemental...
(1) In section 819 of the Taxes Act 1988 (old...
(1) In section 832 of the Taxes Act 1988 (interpretation...
(1) Schedule 13 to the Taxes Act 1988 (collection of...
(1) Section 4 of the Taxation of Chargeable Gains Act...
(1) In section 6 of the Taxation of Chargeable Gains...
(1) In section 231B of the Taxes Act 1988, in...
(1) In section 434 of the Taxes Act 1988 (franked...
(1) In section 441A, subsections (2) to (8) (regulations about...
(1) Schedule 19AC to the Taxes Act 1988 (overseas life...
(1) In section 42 of the Taxes Management Act 1970...
(1) In Schedule 20 to the Finance Act 1993 (Lloyd’s...
(1) In section 231 of the Taxes Act 1988 (tax...
(1) In section 232 of the Taxes Act 1988 (tax...
(1) Section 233 of the Taxes Act 1988 (taxation of...
(1) Sections 235 to 237 of the Taxes Act 1988...
(1) In section 238(1) of the Taxes Act 1988 (interpretation...
(1) In section 241 of the Taxes Act 1988, for...
This Part of this Schedule applies where a person (“the...
Where this Part of this Schedule applies, if any part...
This Part of this Schedule applies to any qualifying distribution...
Notwithstanding the repeal of sections 235 and 236 of the...
For the purposes of this Part of this Schedule and...
A person (“the claimant”) who receives an amount treated as...
Paragraph 6 above shall not affect a person’s entitlement to...
For the purposes of paragraph 7 above—
(1) Section 13 of the Taxes Act 1988 (small companies’...
(1) In section 687 of the Taxes Act 1988 (payments...
(1) In section 689B of the Taxes Act 1988 (order...
(1) In section 699A of the Taxes Act 1988 (untaxed...
(1) In section 701 of the Taxes Act 1988 (interpretation)...
(1) Section 731 of the Taxes Act 1988 (application and...
(1) Section 802 of the Taxes Act 1988 (UK insurance...
(1) Schedule 13 to the Taxes Act 1988 shall be...
(1) Schedule 23A to the Taxes Act 1988 (manufactured dividends...
(1) In section 88A of the Finance Act 1989 (lower...
(1) Section 89 of the Finance Act 1989 (policy holders’...
(1) Section 75 of the Taxes Act 1988 (expenses of...
(1) Section 171 of the Finance Act 1993 (taxation of...
(1) Schedule 7 to the Finance Act 1997 shall be...
(1) Where, in the case of an accounting period of...
Where a foreign income dividend paid by a company before...
(1) Sections 246A to 246Y of the Taxes Act 1988...
(1) In section 247 of the Taxes Act 1988 (dividends...
(1) In section 431(2) of the Taxes Act 1988 (interpretation...
(1) Section 434 of the Taxes Act 1988 (franked investment...
(1) In section 458 of the Taxes Act 1988 (capital...
(1) In section 468H of the Taxes Act 1988 (interpretation...
(1) Section 490 of the Taxes Act 1988 (companies carrying...
Chapter IV of Part X of the Taxes Act 1988...
The following sections shall be inserted after section 403— Limits...
Subsection (9) of section 403 (fraction limiting relief in the...
In section 405(4) (claims relating to losses of members of...
(1) In section 406 (consortium claims by or in relation...
Sections 408, 409 and 411(2) to (9) (which limit group...
In section 413 (interpretation), after subsection (2) there shall be...
In section 179(4) of the Taxation of Chargeable Gains Act...
(1) This Schedule has effect, subject to sub-paragraphs (2) to...
(2) Medical insurance relief Chapter Short title Extent of repeal...
(5) Lloyd’s underwriters Chapter Short title Extent of repeal 1993...
(6) Insurance companies and friendly societies: repeals other than those...
(7) Insurance companies and friendly societies: repeals relating to self-assessment...
(11) Foreign income dividends Chapter Short title Extent of repeal...
(1) The repeals in sections 95 and 234 of, and...
(1) The repeals in section 42 of the Taxes Management...
(1) The repeal of paragraph 1 of Schedule 7 to...
Browse 53 other sections — procedural / definitional / commencement
Charge to windfall tax.
The companies benefitting from windfalls.
Administration of the windfall tax
The windfall tax and profit-related pay.
Interpretation of Part I.
Fuel and power for domestic or charity use.
Rate of duty on spirits.
Rate of duty on beer.
Rates of duty on wine and made-wine.
Rates of duty on cider.
Rates of hydrocarbon oil duties etc.
Rates of tobacco products duty.
Rates of vehicle excise duty.
Payments where vehicle information transmitted electronically.
Mortgage interest payments.
Limit on relief for interest for 1998-99.
Withdrawal of relief on medical insurance premiums.
Rates for financial year 1997.
Pension funds no longer entitled to payment of tax credits.
Losses etc not to be set against surplus franked investment income.
Estates in administration: distributions to which s.233(1) applies.
Lloyd’s underwriters.
Insurance companies and friendly societies.
Taxation of dealers in respect of distributions etc.
Repeal of s.95(5) of the Taxes Act 1988: consequential amendments.
Purchase and sale of securities.
Payments to companies under section 687 of the Taxes Act 1988.
Arrangements to pass on value of tax credit.
Unauthorised unit trusts.
Tax credits.
Rates of tax applicable to Schedule F income etc.
Trusts.
Estates of deceased persons in administration.
Tax credits and taxation of distributions: miscellaneous provisions.
Transitional relief for charities etc.
Foreign income dividends.
Interest to be paid gross.
Paying and collecting agents.
Carry-back of trading losses.
Carry-back of loan relationship deficits.
Restrictions on group relief.
Temporary first-year allowances.
Expenditure of a small company or small business.
Writing-down allowances for finance lessors.
Hire-purchase by finance lessors.
Sale and leaseback etc. using finance leases.
Meaning of “finance lease”.
Relief for expenditure on production and acquisition.
Stamp duty on conveyance or transfer on sale.
Statutory effect of resolutions etc.
Interpretation.
Repeals.
Short title.
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