Fiscal marks on tobacco products.
Unlimited fine- Fail to comply with fiscal mark regulations or notices Any Person
UK Act of Parliament
2000
United Kingdom
Finance Act 2000
At a glance
Enforced by
What's here
4 compliance obligations
Penalty landscape
1 of 4 obligations carry an unlimited fine. 1 carries different penalties and 2 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.
- Any Person 3
- Trader 1
Other 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.
Any Person also bound by 749 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 110 duties
- Licensing Act 2003 2003 105 duties
- Merchant Shipping Act 1995 1995 97 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 86 duties
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 — Excise duties
Browse 28 other sections in this Part — procedural / definitional / commencement
Rate of duty on beer.
Rates of duty on cider.
Rates of duty on wine and made-wine.
Rates of duty and rebate on hydrocarbon oil.
Ultra low sulphur petrol.
Mixing of rebated light oils.
Power to amend definitions of types of hydrocarbon oil.
Penalties for misuse of rebated heavy oil.
Use of rebated heavy oil as fuel.
Rebates, marking and reliefs.
Emulsions of water in gas oil.
Rates of tobacco products duty.
Basis of calculation of ad valorem element of duty on cigarettes.
Management of excise duty on tobacco products.
Rates of gaming duty.
Amusement machine licence duty.
Rates of duty.
Changes in exemption from duty.
Threshold for reduced general rate.
Increase in general rate.
Rates of duty for new cars and vans.
Enforcement provisions for graduated rates.
Rates of duty for goods vehicles.
Power to search premises.
Power to search articles.
Security for customs and excise duties.
Civil penalties for breach of excise duty requirements.
Correction of reference.
Part II — Climate change levy
Browse 1 other section in this Part — procedural / definitional / commencement
Climate change levy.
Part III — Income Tax, Corporation Tax and Capital Gains Tax
Charge and main rate for financial year 2001.
- Pay the main rate of Corporation Tax for the 2001 financial year Trader
Limit on amount of group relief in case of consortium claim.
Amended 1 timeCivil penalties: incorrect certificates
Amended 1 timeCorporation tax: use of currencies other than sterling.
Amended 1 time. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Amended 1 timeGeneral insurance reserves.
Amended 2 timesOverseas life assurance business.
Amended 2 timesInsurance business: apportionment rules.
Amended 5 timesRent factoring.
Amended 1 timePayments under deduction of tax.
Amended 2 timesUK public revenue dividends: deduction of tax.
Amended 1 timeTax treatment of expenditure on production or acquisition of films.
Amended 1 timeBrowse 71 other sections in this Part — procedural / definitional / commencement
Charge and rates for 2000-01.
Extension of starting rate to savings income of individuals.
Deduction of income tax from foreign dividends.
Children’s tax credit.
Small companies’ rate for financial year 2000.
Application of starting rate to capital gains tax.
Payroll deduction scheme.
Gift aid payments by individuals.
Gift aid payments by companies.
Covenanted payments to charities.
Millennium gift aid.
Gifts of shares and securities to charities etc.
Gifts to charity from certain trusts.
Loans to charities.
Exemption for small trades etc.
Employee share ownership plans.
Relief for transfers to employee share ownership plans.
Phasing out of approved profit sharing schemes.
Phasing out of relief for payments to trustees of profit sharing schemes.
Approved profit sharing scheme: other awards of shares.
Approved profit sharing schemes: restriction on type of shares.
Approved profit sharing schemes: loan arrangements.
Employee share ownership trusts.
Shares transferred from employee share ownership trust.
Further provisions about share options.
Benefits in kind: deregulatory amendments.
Education and Training.
Cars available for private use.
Provision of services through intermediary.
Occupational and personal pension schemes.
Enterprise management incentives.
Corporate venturing scheme.
Enterprise investment scheme: amendments.
Venture capital trusts: amendments.
Taper relief: taper for business assets.
Taper relief: assets qualifying as business assets.
Meaning of “research and development".
Tax relief for expenditure on research and development.
First year allowances for small or medium-sized enterprises.
First year allowances for ICT expenditure by small enterprises.
Expenditure of a small enterprise.
Repeal of notification requirements.
Pool for certain leased assets and inexpensive cars.
Machinery and plant allowances for non-residents etc.
Production animals.
Sale and leaseback.
Meaning of “fixture".
Leased assets under the Affordable Warmth Programme.
Fixtures and machinery and plant on hire-purchase etc.
Production sharing contracts.
Tonnage tax.
Relief for interest on loans to buy annuities.
Exemption of payments under New Deal 50plus.
Exemption of payments under Employment Zones programme.
Loan where return bears inverse relationship to results.
Tax treatment of acquisition, disposal or revaluation of certain rights.
Contributions to local enterprise agencies, etc.
Waste disposal: entitlement of successor to allowances.
Restriction of gifts relief.
Disposal of interest in settled property: deemed disposal of underlying assets.
Transfers of value by trustees linked with trustee borrowing.
Restriction on set-off of trust losses.
Attribution to trustees of gains of non-resident companies.
Disposal of interest in non-resident settlement.
Payments by trustees to non-resident companies.
Group relief for non-resident companies etc.
Recovery of tax payable by non-resident company.
Joint arrangements for claims.
Chargeable gains: non-resident companies and groups etc.
Double taxation relief.
Controlled foreign companies.
Part IV — Stamp duty and Stamp duty reserve tax
Transfer of land to connected company.
Amended 1 timeExceptions from section 119.
Amended 1 timeGrant of lease to connected company.
Amended 1 timeCompany acquisition reliefs: redeemable shares.
Amended 1 timeSurrender of leases.
Amended 4 timesTransfers to registered social landlords etc.
Amended 3 timesRelief for certain instruments executed before this Act has effect.
Amended 1 timeLoan capital where return bears inverse relationship to results.
Amended 1 timeTransfers between depositary receipt systems and clearance systems.
Amended 1 timeBrowse 12 other sections in this Part — procedural / definitional / commencement
Rates: conveyance or transfer on sale.
Rates: duty on lease chargeable by reference to rent.
Rate of duty on seven year leases.
Power to vary stamp duties.
Land transferred etc for other property.
Marketable securities transferred etc for exempt property.
Transfer of property between associated companies: Great Britain.
Transfer of property between associated companies: Northern Ireland.
Grant of leases etc between associated companies.
Future issues of stock.
Abolition of duty on instruments relating to intellectual property.
The Northern Ireland Assembly Commission.
Part V — Other taxes
Supplies to which reduced rate applies.
Amended 1 timeDisposals of assets for which a VAT repayment is claimed.
Amended 1 timeBrowse 6 other sections in this Part — procedural / definitional / commencement
Part VI — Miscellaneous and supplementary provisions
Power to provide incentives to use electronic communications.
Amended 2 timesOffence of fraudulent evasion of income tax
Amended 1 timeInternational exchange of information: general.
Amended 1 timeInternational exchange of information: inheritance tax.
Amended 1 timeUse of minimum wage information.
Amended 2 timesOrders for the delivery of documents.
Amended 1 timeSearch warrants: miscellaneous amendments.
Amended 1 timeInterpretation.
Amended 2 timesBrowse 7 other sections in this Part — procedural / definitional / commencement
Information about interest etc paid, credited or received.
Debt Management Account.
National Savings Bank.
National savings certificates.
Exchange Equalisation Account.
Repeals.
Short title.
Schedules
Schedule 6 (Climate Change Levy)
- Pay Climate Change Levy (CCL) on taxable energy supplies Any Person
Vehicle excise duty: enforcement provisions for graduated rates
Fine up to £1,000- Fail to return a void vehicle licence after incorrect application Any Person
Browse 1076 other Schedules — structural / supplementary
Mixing of rebated light oils
(1) In paragraph 1(1) of Schedule 2A to the Hydrocarbon...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1) After paragraph 2 of that Schedule insert— Mixing different...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amusement machine licence duty
The Betting and Gaming Duties Act 1981 is amended as...
(1) After Schedule 4 insert— Schedule 4A Unlicensed amusement machines...
In section 21(3A) (types of amusement machine excepted from requirement...
(1) In section 22(2) (definition of small-prize machines)—
(1) In section 23(2) (amount of duty)—
(1) In section 25 (meaning of amusement machine), in paragraph...
In section 26(2) (definitions), after the definition of “five-penny machine"...
(1) Paragraphs 2 to 4, 5(2) and 6 shall have...
(1) Amend paragraph 4 of Schedule 4 as follows.
After section 24 insert— Unlicensed machines: duty chargeable. Schedule 4A to this Act (which provides for the recovery...
Vehicle excise duty on new cars and vans
After Part I of Schedule 1 to the Vehicle Excise...
(1) This Schedule applies to vehicles in respect of which...
(1) Where a person has been convicted of an offence...
References in this Schedule to the “relevant period" are to...
(1) This Schedule and the Vehicle and Excise Registration Act...
(1) The Secretary of State may make provision by regulations...
The Secretary of State may make provision by regulations—
The powers conferred by paragraphs 5 to 11 below are...
The Secretary of State may by notice sent by post...
(1) The Secretary of State may by notice sent by...
The Secretary of State may in a notice under paragraph...
(1) The Secretary of State may in a notice under...
(1) A person who— (a) is required by notice under...
Rates of vehicle excise duty on goods vehicles
Part VIII of Schedule 1 to the Vehicle Excise and...
For the Table in paragraph 9(1) (rigid goods vehicles not...
For the Table in paragraph 9B (rigid goods vehicles satisfying...
For the Table in paragraph 11(1) (tractive units not satisfying...
For the Table in paragraph 11B (tractive units satisfying reduced...
(1) In the following provisions— (a) in paragraph 11(1), after...
(1) A tax to be known as climate change levy...
Any supply made before 1st April 2001 is excluded from...
(1) Subject to sub-paragraphs (3) to (5), where ...—
(1) Where— (a) a person gives a notification for the...
(1) References in this Part of this Schedule to obtaining...
(1) In this Part of this Schedule “civil penalty” means...
(1) Where a person is liable to a civil penalty—...
For the purposes of any provision made by or under...
(1) Where a person is liable to a civil penalty,...
(1) This paragraph applies where an assessment is made under...
(1) Subject to sub-paragraphs (2) and (3), an assessment under...
(1) Subject to sub-paragraph (2), where the Commissioners make an...
(1) A supply of a taxable commodity to which this...
(1) Interest under paragraph 109 shall be paid without any...
(1) Where a person is liable for interest under paragraph...
(1) Where an assessment is made under paragraph 111 to...
(1) If it appears to the Treasury that there has...
(1) The Commissioners may by regulations make provision for securing...
(1) The tax representative of a non-resident taxpayer shall be...
(1) The Commissioners may make provision by regulations for two...
(1) The Commissioners may by regulations make provision for determining...
(1) The Commissioners may, in accordance with sub-paragraph (2), by...
(1) The Commissioners may by regulations make provision for securing...
A supply of gas is exempt from the levy if—...
(1) A supply of a taxable commodity is exempt from...
(1) The Commissioners may by regulations make provision in accordance...
(1) Subject to paragraph 122, an appeal shall lie to...
(1) HMRC must offer a person (P) a review of...
(1) Any person (other than P) who has the right...
(1) HMRC must review a decision if—
(1) If under paragraph 121A, HMRC have offered P a...
(1) This paragraph applies if— (a) HMRC have offered a...
(1) This paragraph applies if HMRC are required to undertake...
(1) An appeal under paragraph 121 is to be made...
(1) . . . . . . . . ....
(1) Where, on an appeal under paragraph 121—
(1) Every person involved (in whatever capacity) in making or...
(1) The Commissioners may by regulations impose obligations to keep...
(1) Subject to the following provisions of this paragraph, where...
(1) Every person involved (in whatever capacity) in making or...
(1) An authorised person may take copies of, or make...
For the purpose of exercising any powers under this Schedule,...
(1) A supply of a taxable commodity to a person...
A supply of a taxable commodity to a person is...
(1) Where— (a) a justice of the peace is satisfied...
(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) An authorised person, if it appears to him necessary...
(1) In any proceedings a certificate of the Commissioners—
(1) This paragraph applies— (a) to any criminal proceedings against...
(1) Notwithstanding any obligation not to disclose information that would...
In this Part of this Schedule “authorised person” means any...
(1) Where it appears to the Commissioners necessary to do...
(1) The Commissioners may by regulations make provision amending paragraph...
(1) A supply of a taxable commodity to a person...
Miscellaneous and supplementary
Miscellaneous and supplementary
(1) This paragraph applies where— (a) a person issues an...
(1) Sub-paragraph (2) applies in the case of a contract...
(1) Provision may be made by regulations requiring registered persons...
(1) Any notice, notification or requirement that is to be...
Any direction, notice or notification required or authorised by or...
(1) Any power under this Schedule to make regulations shall...
In this Schedule— “accounting period” means a period which, in...
(1) In this Schedule “combined heat and power station” means...
(1) The Treasury may by regulations make provision for determining...
(1) The Commissioners may by regulations make provision for the...
(1) A supply of a taxable commodity to a person...
(1) In this Schedule “utility” means an electricity utility or...
(1) The Commissioners may by direction (a “utility direction”) make,...
(1) In this Schedule “auto-generator” means a person who produces...
(1) In this Schedule “ exempt unlicensed electricity supplier ”...
(1) In this Schedule “ small generating station ” means...
References in this Schedule, in relation to any accounting period,...
References in this Schedule to a repayment of levy or...
(1) Anything done in connection with the termination or intended...
For the purposes of this Schedule a person is resident...
(1) Until such time as a transfer of functions from...
(1) This paragraph applies to a supply that—
(1) This paragraph applies to a supply of electricity that...
(1) A supply of a taxable commodity is exempt from...
(1) A supply of a taxable commodity is exempt from...
(1) A supply of electricity is exempt from the levy...
(1) The levy is charged on taxable supplies.
(1) This paragraph applies where a person (“the supplier”) makes...
(1) A supply of electricity is exempt from the levy...
(1) This paragraph applies where a person (“ the supplier...
(1) The Commissioners may by regulations make provision for avoiding,...
(1) The Commissioners may by regulations make provision for giving...
(1) Where an electricity utility— (a) has electricity available to...
(1) This paragraph applies in the following cases.
(1) Sub-paragraph (2) applies if— (a) a quantity of a...
(1) Sub-paragraph (2) applies if— (a) a quantity of a...
(1) This paragraph applies if— (a) a determination (“the initial...
(1) The Commissioners may by regulations make provision for giving...
This Part of this Schedule applies to determine when a...
(1) This paragraph applies— (a) to supplies of electricity, and...
(1) This paragraph applies where on any day—
(1) This paragraph applies where on any day—
(1) For the purposes of this Schedule a “special utility...
(1) The following are taxable commodities for the purposes of...
(1) This paragraph applies to supplies that are not of...
(1) If before the time applicable under paragraph 30(2) the...
(1) If within 14 days after the time applicable under...
(1) This paragraph applies to supplies that—
(1) This paragraph applies to supplies that—
(1) This paragraph applies to supplies that are not of...
(1) This paragraph applies where— (a) the taxable commodities covered...
(1) This paragraph applies in the case of a supply...
(1) This paragraph applies where there is—
(1) A deemed supply under paragraph 24A or 24B is...
(1) The Commissioners may make provision by regulations as to...
(1) A supply of a taxable commodity (or part of...
(1) The person liable to account for the levy charged...
(1) The Commissioners may by regulations make provision—
(1) The amount payable by way of levy on a...
(1) This paragraph applies to a deemed supply under paragraph...
(1) This paragraph applies for the purposes of paragraph 42A(2)...
(1) Sub-paragraph (2) applies for the purposes of paragraph 42A(2)...
(1) This paragraph applies if— (a) an amount is determined...
(1) For the purposes of this Schedule a half-rate supply...
(1) For the purposes of this Schedule, a taxable supply...
(1) This paragraph applies where— (a) a taxable supply (“the...
(1) For the purposes of this Schedule, a taxable supply...
(1) This paragraph applies where the Administrator, after having given...
(1) This paragraph applies where— (a) a taxable supply has...
(1) This paragraph applies where, by virtue of such a...
In this Schedule “climate change agreement” means—
(1) An agreement (including one entered into before the passing...
(1) A combination of agreements falls within this paragraph if...
(1) The first certification period specified by a climate change...
(1) Levy is chargeable on a supply of electricity if—...
(1) This paragraph applies where, in connection with concluding or...
(1) An installation is covered by this paragraph if it...
(1) The Treasury may make provision by regulations for varying...
(1) In this Part of this Schedule references to “the...
(1) The Administrator is responsible for administering the scheme set...
(1) The Administrator may require persons falling within sub-paragraph (2)...
(1) The Secretary of State may by regulations make provision...
(1) Regulations may— (a) specify terms which must be included...
(1) Regulations may confer power on the Administrator—
(1) A person is required to be registered with the...
In this Part of this Schedule— (a) references to the...
(1) A person who— (a) intends to make, or have...
(1) The Commissioners shall register a person if—
(1) Where a person who has become liable to give...
(1) If the Commissioners are satisfied that a registered person—...
(1) The Commissioners may by regulations make provision for and...
(1) Levy is chargeable on a supply of any gas...
(1) For the purposes of any provision made by or...
(1) The Commissioners may publish, by such means as they...
(1) The Commissioners may, in accordance with the following provisions...
(1) Where a person has paid an amount to the...
(1) The Commissioners shall not be liable, on any claim...
(1) The Commissioners may by regulations make provision for reimbursement...
(1) Where, due to an error on the part of...
(1) Where— (a) any amount has been paid at any...
Where— (a) any amount has been paid to any person...
(1) An assessment under paragraph 67 or 68 shall not...
(1) This paragraph applies to a supply of a taxable...
(1) Where an assessment is made under paragraph 67 or...
(1) Where any person is liable to interest under paragraph...
If it appears to the Commissioners that the amount which...
(1) The Commissioners may by regulations make provision in relation...
(1) The Commissioners may by regulations make provision in relation...
(1) Regulations made under paragraph 73 or 74 shall not...
(1) Any notification of an assessment under any provision of...
Levy shall be recoverable as a debt due to the...
(1) Where it appears to the Commissioners—
(1) If, where an assessment has been notified to any...
(1) A supply is excluded from the levy if it...
(1) An assessment under paragraph 78 or 79 of an...
(1) Where— (a) the circumstances are such that an assessment...
(1) Where— (a) a person makes a return for the...
(1) Where— (a) the Commissioners make an assessment under paragraph...
(1) Subject to sub-paragraph (4), where— (a) the Commissioners make...
(1) Subject to sub-paragraph (2), where the Commissioners make an...
(1) Penalty interest under any of paragraphs 82 to 85...
(1) Interest under any of paragraphs 81 to 85 shall...
(1) Where a person is liable for interest under any...
(1) Where an assessment is made under paragraph 88 to...
. . . . . . . . . ....
(1) For the purposes of paragraph 8 the following supplies...
(1) This paragraph applies where— (a) in accordance with regulations...
(1) In this Part of this Schedule “penalty interest” shall...
(1) A person is guilty of an offence if he...
(1) A person is guilty of an offence if, with...
(1) A person is guilty of an offence under this...
(1) Where a person— (a) becomes a party to any...
Sections 145 to 155 of the Customs and Excise Management...
(1) Where an authorised person has reasonable grounds for suspecting...
. . . . . . . . . ....
. . . . . . . . . ....
Climate change levy: consequential amendments
In section 1(1) of the Provisional Collection of Taxes Act...
. . . . . . . . . ....
. . . . . . . . . ....
In section 827 of the Taxes Act 1988 (no deduction...
(1) In the Insolvency (Northern Ireland) Order 1989—
In section 197(2) of the Finance Act 1996 (enactments for...
(1) The Finance Act 1997 is amended as follows.
Introductory
(1) In this Schedule an “employee share ownership plan” means...
(1) The first requirement of this paragraph is that no...
(1) For the purposes of Chapter I of Part IV...
(1) Shares which cease to be subject to the plan...
(1) If any of the participant’s plan shares are forfeited,...
(1) Where the trustees acquire shares from the trustees of...
(1) Any gain accruing on the disposal of rights under...
References in this Part of this Schedule to deductions are...
(1) Where, under an approved employee share ownership plan, shares...
(1) Where under an approved employee share ownership plan—
(1) No deduction is allowed under paragraph 106 or 107...
(1) No deduction is allowed for expenses in providing shares...
No conditions, other than those required or permitted by this...
If any of a participant’s plan shares are forfeited—
(1) A deduction is allowed under this paragraph for expenses...
(1) Nothing in this Part of this Schedule affects any...
Schedule 8 para.112A
Schedule 8 para.112B
(1) If approval of an employee share ownership plan is...
(1) The provisions of this Part apply in relation to—...
(1) This paragraph applies where there occurs in relation to...
(1) Where the trustees exercise rights under a rights issue...
Schedule 8 para.116A
Schedule 8 para.117
(1) If any disqualifying event occurs in relation to an...
(1) The company may appeal against a decision of the...
(1) The arrangements for the plan must not make any...
(1) The plan may provide for the company to issue...
(1) This paragraph applies where the company has issued a...
(1) For the purposes of this Schedule shares are withdrawn...
(1) This paragraph explains what is meant by a participant...
References in this Schedule to “the Inland Revenue" are to...
(1) For the purposes of this Schedule the “market value”...
(1) For the purposes of this Schedule one company is...
(1) For the purposes of the provisions of this Schedule...
(1) For the purposes of this Schedule “readily convertible asset”...
(1) In this Schedule— “approved employee share ownership plan” means...
(1) The plan must provide that an individual may only...
In this Schedule the following expressions are defined or otherwise...
(1) The plan must provide that an individual is not...
(1) The plan must provide that an individual is not...
(1) The plan must provide that an individual is not...
(1) For the purposes of paragraph 15 (the “no material...
(1) For the purposes of paragraph 17(1) (meaning of material...
In applying paragraph 17(1) (meaning of material interest) there shall...
(1) An employee share ownership plan established by a company...
(1) In paragraph 15 (the “no material interest” requirement) “associate”,...
(1) This paragraph applies for the purposes of paragraph 20(1)(c)...
(1) This paragraph applies for the purposes of paragraph 20(1)(c)...
If the plan provides for free shares it must comply...
(1) The plan must provide that the initial market value...
(1) Sub-paragraph (2) applies if the plan provides for performance...
If the plan provides for performance allowances in relation to...
(1) If the plan provides for performance allowances the following...
(1) If the plan provides for performance allowances in relation...
(1) The requirements of this paragraph are that if the...
(1) For the purposes of this Schedule an award of...
(1) The requirements of this paragraph are that in relation...
(1) The plan must require the company in respect of...
A participant may direct the trustees to do any of...
If the plan provides for partnership shares it must comply...
The plan must provide for qualifying employees to enter into...
(1) The plan must provide for a partnership share agreement...
(1) The amount of partnership share money deducted from an...
(1) The plan may provide that the amount to be...
(1) The plan must provide that the company may not...
(1) The plan must provide that partnership share money deducted...
(1) Where an employee share ownership plan has been established,...
(1) If the plan does not provide for an accumulation...
(1) The plan may provide for accumulation periods not exceeding...
(1) This paragraph applies if the plan provides for one...
(1) The plan may authorise the company to specify the...
(1) The plan must provide that an employee may at...
(1) The plan must provide that an employee may withdraw...
(1) The plan must provide that where—
(1) The plan must provide that when partnership shares have...
References in this Part of this Schedule to an employee’s...
If the plan provides for matching shares it must comply...
(1) If the Inland Revenue refuse to approve the plan,...
(1) The plan must provide for the matching shares—
(1) The partnership share agreement must specify—
The provisions of paragraphs 31 and 32 as to the...
(1) The plan may provide that where the company so...
(1) The plan must provide that the total dividend reinvestment...
The plan must provide that dividend shares are shares—
(1) The plan must provide that in exercising their powers...
The provisions of paragraphs 31 and 32 (holding period and...
(1) Any amount that is not reinvested—
The requirements of the following paragraphs must be met with...
The plan must meet the requirements of— paragraph 7 (the...
Eligible shares must form part of the ordinary share capital...
Eligible shares must be— (a) shares of a class listed...
(1) Eligible shares must be— (a) fully paid up, and...
(1) Eligible shares must not be subject to any restrictions...
Eligible shares may be shares carrying no voting rights or...
(1) Free or matching shares may be subject to provision...
(1) If the requirements of this paragraph are met, eligible...
(1) Eligible shares must not be shares—
(1) The plan must provide for the establishment of a...
The trust instrument may provide that the trustees have power...
(1) The purpose of the plan must be to provide...
(1) The trust instrument must make the following provision regarding...
(1) The trust instrument must require the trustees—
(1) The trustees may dispose of some of the rights...
(1) The plan must make provision to ensure that, where...
(1) If at any time the participant’s beneficial interest in...
(1) The trust instrument must require the trustees—
(1) The trust instrument must provide that, where there is...
(1) The provisions of this Part of this Schedule apply...
(1) Notwithstanding that the beneficial interest in the shares passes...
(1) Where— (a) a capital receipt is received by a...
(1) The plan must provide that every employee who—
(1) There is no charge to tax on the participant...
(1) When free or matching shares cease to be subject...
(1) Where free or matching shares cease to be subject...
(1) Partnership share money deducted from an employee’s salary in...
(1) An individual is chargeable to income tax under Schedule...
An individual is chargeable to tax under Schedule E on...
(1) When partnership shares cease to be subject to the...
(1) There is no charge to tax on shares ceasing...
(1) This paragraph applies to income of the trustees consisting...
(1) The amount applied by the trustees in acquiring dividend...
(1) The requirement of this paragraph is—
Section 234A(4) to (11) of the Taxes Act 1988 (information...
(1) An amount retained under paragraph 58(1) (amount of cash...
(1) Where a cash dividend is paid over to a...
(1) If dividend shares cease to be subject to the...
Where as a result of shares ceasing to be subject...
(1) Sub-paragraphs (2) to (5) apply where as a result...
(1) Where the trustees receive a sum of money which...
The provisions of this Part apply for capital gains tax...
(1) Any gain accruing to the trustees is not a...
(1) A participant is treated for capital gains tax purposes...
New Schedule 7C to the Taxation of Chargeable Gains Act 1992
The Schedule inserted after Schedule 7B to the Taxation of...
Introduction
Chapter II of Part V of the Taxes Act 1988...
(1) After section 155 (exceptions from the general charge) insert—...
(1) After section 155ZA (inserted by paragraph 2(1) above), insert—...
(1) After section 161 (exceptions from the charge to tax...
(1) After section 161A (inserted by paragraph 4(1) above) insert—...
In Schedule 7 to the Taxes Act 1988 (taxation of...
(1) Schedule 6 to the Taxes Act 1988 (taxation of...
In section 168AB of the Taxes Act 1988 (equipment etc....
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
(1) In calculating for corporation tax purposes the profits of...
(1) The following provisions apply in calculating for corporation tax...
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Provision of services through an intermediary
Schedule 12 para.7A
Schedule 12 para.7B
Provision of services through an intermediary
Provision of services through an intermediary
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Occupational and personal pension schemes
Introductory
(1) In this Schedule a “qualifying option” means an option—...
(1) An employee may not hold unexercised qualifying options which—...
Schedule 14 para.11
A qualifying company is a company in relation to which...
(1) The independence requirement is that the company is not—...
(1) A company that has one or more subsidiaries is...
(1) A company ( “the subsidiary”) is a qualifying subsidiary...
(1) The gross assets requirement in the case of a...
(1) The trading activities requirement in the case of a...
(1) A trade is a qualifying trade if—
(1) The following are excluded activities— (a) dealing in land,...
(1) For an option to be a qualifying option notice...
(1) This paragraph supplements paragraph 19(1)(b). (2) A trade of...
(1) This paragraph supplements paragraph 19(1)(d) so far as it...
(1) This paragraph supplements paragraph 19(1)(d) so far as it...
(1) This paragraph supplements paragraph 19(1)(f). (2) “Property development” means...
(1) This paragraph supplements paragraph 19(1)(i). (2) The reference to...
(1) This paragraph supplements paragraph 19(1)(j). (2) “Nursing home” means...
(1) Providing services or facilities for a business carried on...
An individual is an eligible employee in relation to the...
An employee is an eligible employee in relation to the...
(1) An employee is an eligible employee in relation to...
(1) The Inland Revenue may amend a notice given under...
(1) An individual is not an eligible employee in relation...
(1) For the purposes of paragraph 30 a material interest...
(1) For the purposes of paragraph 31 (meaning of “material...
In applying paragraph 31 (meaning of “material interest”) there shall...
(1) In paragraph 30 (the “no material interest” requirement) “associate”,...
(1) This paragraph applies for the purposes of paragraph 34(1)(c)...
(1) This paragraph applies for the purposes of paragraph 34(1)(c)...
An option is not a qualifying option unless the requirements...
(1) The option must confer a right to acquire shares...
(1) The option must be capable of being exercised within...
(1) The Inland Revenue may enquire into an option of...
(1) The option must take the form of a written...
An option is not a qualifying option unless the terms...
(1) The provisions of this Part of this Schedule give...
Tax is not chargeable under any provision of the Tax...
(1) This paragraph applies if the option is to acquire...
(1) This paragraph applies if the option is to acquire...
(1) This paragraph applies if the option is to acquire...
(1) The following are “disqualifying events" in relation to a...
Where a replacement option has been granted (see paragraph 61),...
(1) An alteration of the share capital of the relevant...
(1) An enquiry under paragraph 4(1) is completed when the...
(1) A conversion of shares is not a disqualifying event...
(1) This paragraph applies where it falls to be determined...
(1) For the purposes of paragraph 47(3) an employee’s relevant...
(1) This paragraph applies where— (a) a disqualifying event occurs...
(1) Section 162(1) of the Taxes Act 1988 (deemed employment-related...
(1) Nothing in this Part of this Schedule affects—
(1) In this Part of this Schedule “qualifying shares”—
For the purposes of computing taper relief on a disposal...
Where— (a) an individual holds qualifying shares, and
(1) The provisions of this Part of this Schedule apply...
(1) If the Inland Revenue do not give notice of...
(1) For the purposes of this Part of this Schedule...
(1) This paragraph applies where in the case of a...
The new option does not qualify as a replacement option...
A new option qualifies as a replacement option only if—...
(1) The Inland Revenue may by notice require any person...
(1) A company whose shares are the subject of a...
(1) For the purposes of this Schedule the “market value”...
(1) The market value of shares for the purposes of...
Functions conferred by this Schedule on “the Inland Revenue" may...
The Treasury may by order amend this Schedule—
(1) The employer company may appeal against a decision of...
(1) For the purposes of this Part and Part I...
(1) In this Schedule— “arrangements” includes any scheme, agreement or...
In this Schedule the following expressions are defined or otherwise...
An option is not a qualifying option unless the requirements...
An option is a qualifying option only if it is...
The corporate venturing scheme
This Schedule makes provision for— (a) relief against corporation tax...
(1) Throughout the qualification period relating to the relevant shares...
In this Schedule— (a) “the Board” means the Commissioners of...
The Treasury may by order amend this Schedule—
(1) In this Schedule— “allowable loss” means an allowable loss...
In this Schedule the following expressions are defined or otherwise...
(1) A trade is a “non-financial trade" if—
(1) A group is a “non-financial trading group" unless the...
(1) The investing company is not a qualifying investing company...
The relevant shares must be subscribed for by the investing...
The issuing company is a qualifying issuing company in relation...
(1) The unquoted status requirement is that, at the time...
(1) The independence requirement is that— (a) the issuing company...
(1) The “individual-owners" requirement is that, throughout the qualification period...
(1) The requirement as to partnerships and joint ventures is...
A company (“the investing company”) is eligible for investment relief...
(1) The issuing company is not a qualifying issuing company...
(1) A company (“the subsidiary”) is a qualifying subsidiary of...
(1) The issuing company is not a qualifying issuing company...
(1) The gross assets requirement in the case of a...
(1) If the issuing company is a single company, the...
(1) The issuing company is not a qualifying issuing company...
(1) For the purposes of this Schedule, a company (“the...
(1) A company ... shall not be regarded as ceasing...
(1) A trade is a qualifying trade if—
(1) The following are excluded activities— (a) dealing in land,...
(1) This paragraph supplements paragraph 26(1)(b). (2) A trade of...
(1) This paragraph supplements paragraph 26(1)(d) so far as it...
(1) This paragraph supplements paragraph 26(1)(d) so far as it...
(1) In this Schedule “the qualification period”, in relation to...
(1) This paragraph supplements paragraph 26(1)(f). (2) “Property development” means...
In paragraph 26(1)(ha) “ shipbuilding ” has the same meaning...
(1) This paragraph supplements paragraph 26(1)(hb). (2) “ Coal ”...
In paragraph 26(1)(hc) “ steel ” means any of the...
(1) This paragraph supplements paragraph 26(1)(i). (2) The reference to...
(1) This paragraph supplements paragraph 26(1)(j). (2) “Nursing home” means...
(1) Providing services or facilities for a business carried on...
The investing company is not eligible for investment relief in...
(1) The relevant shares must satisfy sub-paragraphs (2) and (3)....
(1) The total amount of relevant investments made in the...
(1) All of the money raised by the issuance of...
(1) The issuing arrangements for the relevant shares must not...
The relevant shares must be issued for commercial reasons, and...
(1) Where— (a) the investing company is eligible for investment...
The investing company is a qualifying investing company in relation...
(1) The investing company is entitled to make a claim...
(1) A “compliance certificate" is a certificate which—
(1) A “compliance statement" is a statement, in respect of...
For the purposes of the provisions of the Taxes Management...
The issuing company is liable to a penalty not exceeding...
(1) References in this Schedule, in relation to a company,...
(1) This paragraph applies where— (a) the investing company disposes...
(1) Sub-paragraph (2) applies where the investing company receives any...
For the purposes of this Schedule “the period of restriction”...
(1) For the purposes of paragraphs 47 (value received by...
The investing company must not, at any time during the...
For the purposes of paragraph 47 the amount of the...
(1) This paragraph applies where— (a) two or more issues...
(1) Where— (a) the amount of the reduction (“C”) in...
In paragraphs 47, 49 and 50 references to the investing...
(1) Where— (a) any investment relief attributable to the relevant...
(1) The receipt of the replacement value shall be disregarded...
(1) Where any investment relief is attributable to such of...
(1) Any repayment shall be disregarded for the purposes of...
(1) Any repayment shall be disregarded for the purposes of...
(1) Sub-paragraph (2) applies where— (a) an option, the exercise...
(1) The investing company must not subscribe for the relevant...
(1) Where any investment relief has been obtained which—
For the purposes of the provisions of the Taxes Management...
(1) The Inland Revenue may not— (a) make an assessment...
(1) This paragraph applies where— (a) investment relief is withdrawn...
(1) This paragraph applies where— (a) the investing company has...
(1) This paragraph applies where— (a) the issuing company has...
(1) This paragraph applies where the Inland Revenue have reason...
(1) The investing company is eligible for relief under this...
(1) Where the investing company is eligible for loss relief...
(1) Where a claim is made under sub-paragraph (1) of...
(1) For the purposes of paragraphs 5 and 6 a...
(1) Where loss relief is claimed by the investing company...
(1) Sub-paragraph (2) applies where shares would, in the absence...
The Inland Revenue shall make any adjustment of corporation tax...
(1) This Part applies where— (a) a chargeable gain (“the...
(1) For the purposes of this Part the investing company...
(1) For the purposes of this Part “the qualifying shares”,...
(1) On the making of a claim by the investing...
For the purposes of this Schedule “deferral relief” is attributable...
(1) There is, for the purposes of this Part, a...
(1) This paragraph applies where a chargeable event occurs in...
(1) The investing company must not, at any time during...
(1) Where a company (“the company”) holds shares which—
(1) Where— (a) a company (“the company”) holds shares (“the...
(1) Where— (a) a company (“the company”) holds shares (“the...
(1) Paragraphs 84 and 85 apply where—
(1) Where this paragraph applies (see paragraph 83 and paragraph...
(1) Where this paragraph applies (see paragraph 83 and paragraph...
(1) This paragraph applies where— (a) relief becomes attributable, by...
(1) This paragraph applies where paragraph 86 (substitution of new...
The following provisions of the 1992 Act have effect subject...
(1) A company (“the applicant”) may, before issuing any shares,...
(1) In paragraphs 7 (meaning of “material interest”) and 8...
(1) On receiving an application for an advance clearance notice,...
(1) The Board must within 30 days after receiving an...
(1) For the purposes of this Schedule, where an advance...
(1) In any case where— (a) a company (“the company”)...
(1) This paragraph applies for the purposes of corporation tax...
Shares subscribed for by, issued to, acquired or held by...
(1) Subject to sub-paragraph (2), in this Schedule “disposal” shall...
(1) This paragraph applies where for the purposes of this...
In this Schedule— (a) references (however expressed) to an issue...
(1) In this Schedule “associate”, in relation to a person,...
Corporate venturing scheme: consequential amendments
(1) In section 98 of the Taxes Management Act 1970,...
. . . . . . . . . ....
(1) Chapter VI of Part XIII of the Taxes Act...
(1) The Taxation of Chargeable Gains Act 1992 is amended...
(1) Schedule 18 to the Finance Act 1998 is amended...
Enterprise investment scheme: amendments
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
(1) . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
The amendments in this Part of this Schedule have effect...
. . . . . . . . . ....
Venture capital trusts: amendments
(1) Schedule 15B to the Taxes Act 1988 (venture capital...
In Schedule 5C to the Taxation of Chargeable Gains Act...
The amendments made by this Part of this Schedule have...
Schedule 28B to the Taxes Act 1988 (venture capital trusts:...
(1) In paragraph 4 (meaning of “qualifying trade”) for sub-paragraphs...
(1) In paragraph 5 (provisions supplemental to paragraph 4), in...
(1) After paragraph 11 insert— Company in administration or receivership...
(1) After paragraph 11A (inserted by paragraph 7 above), insert—...
Meaning of “research and development"
. . . . . . . . . ....
In section 139 (supplementary provisions), in subsection (1) for paragraph...
In section 161 after “other than an allowance under section...
(1) Section 195 of the Taxation of Chargeable Gains Act...
In Part XIX of the Taxes Act 1988 (general supplementary...
The Income and Corporation Taxes Act 1988 is amended as...
In section 495 (regional development grants), in subsection (1)(b) for...
(1) In Part IV (provisions relating to the Schedule D...
In Schedule 18 (group relief: equity holders and profits or...
The Capital Allowances Act 1990 is amended as follows.
For “scientific research", wherever occurring, substitute “ research and development...
In section 137(1)(b) after “that research" insert “ and development...
Tax relief for expenditure on research and development
(1) A company is entitled to R&D tax relief for...
(1) Where— (a) the company and the sub-contractor are connected...
(1) The company and the sub-contractor may in any case...
Where— (a) the company makes a sub-contractor payment, . ....
Where— (a) a company is entitled to R&D tax relief...
(1) This paragraph applies where a company—
(1) A company may claim an R&D tax credit for...
(1) The amount of the R&D tax credit to which...
(1) For the purposes of paragraph 16 the total amount...
(1) Where— (a) the company is entitled to an R&D...
(1) A company may only make— (a) a claim under...
(1) For the purposes of section 393 of the Taxes...
(1) For the purposes of this Schedule a “small or...
A payment in respect of an R&D tax credit is...
(1) To the extent that a transaction is attributable to...
Where— (a) the company claims relief under paragraph 13 or...
(1) This paragraph applies where under paragraph 14 (alternative treatment...
Section 10 of the Exchequer and Audit Departments Act 1866...
(1) In this Schedule— “the Inland Revenue” means any officer...
(1) This Schedule does not apply to expenditure incurred before...
(1) For the purposes of this Schedule “qualifying R&D expenditure”...
(1) For the purposes of this Schedule “relevant research and...
(1) For the purposes of this Schedule the staffing costs...
(1) For the purposes of this Schedule expenditure on software...
(1) For the purposes of this Schedule “ relevant payment...
In this Schedule “intellectual property” means— (a) any industrial information...
(1) For the purposes of this Schedule a company’s expenditure...
(1) The provisions of paragraphs 8C to 8E have effect...
For the purposes of this Schedule a person is an...
(1) Where— (a) the company and the staff provider are...
(1) The company and the staff provider may in any...
Where— (a) the company makes a staff provision payment,
(1) The provisions of paragraphs 10 to 12 have effect...
R&D tax credits: consequential amendments
(1) Section 826 of the Taxes Act 1988 (interest on...
In Schedule 18 to the Finance Act 1998 (company tax...
In paragraph 52 of that Schedule (recovery of excessive repayments,...
After Part IX of that Schedule (claims for capital allowances)...
Tonnage tax
(1) This Schedule provides an alternative regime (“tonnage tax”) for...
(1) A tonnage tax election may be made at any...
(1) This paragraph supplements paragraphs 98 and 99.
(1) The Inland Revenue may by regulations alter the amounts...
The provisions of this Part do not apply in relation...
(1) This Part of this Schedule sets out special rules...
(1) In this Part of this Schedule “offshore activities” means...
(1) The provisions of this Part of this Schedule do...
A period between contracts when a qualifying ship is not...
(1) The profits of a tonnage tax company from a...
(1) The provisions of Part VII (the ring fence: general...
A period during which an asset is used for the...
(1) The Treasury may by order provide for further periods...
(1) A tonnage tax company may claim capital allowances for...
(1) This paragraph applies where in an accounting period of...
(1) This paragraph applies to determine the amount of notional...
(1) This paragraph applies to determine the amount of notional...
(1) The fact that a qualifying ship is used for...
Expressions used in this Part of this Schedule that are...
In this Schedule a “group” means— (a) all the companies...
(1) For the purposes of this Schedule an individual is...
(1) In this Schedule “control”, in relation to a company,...
(1) For the purposes of this Schedule a company may...
(1) The general rule is that a tonnage tax election...
(1) The Inland Revenue may enter into arrangements with the...
(1) In this Schedule— “merger” means a transaction by which...
(1) This paragraph applies where there is a merger—
(1) This paragraph applies where there is a merger between...
(1) This paragraph applies where there is a merger between...
(1) This paragraph applies where there is a merger between...
(1) This paragraph explains what is meant by the references...
(1) This paragraph applies where a tonnage tax company ceases...
(1) This paragraph applies where a tonnage tax group splits...
(1) A tonnage tax company that becomes or ceases to...
(1) The general rule is that a tonnage tax election...
(1) The Inland Revenue may make provision by regulations as...
The regulations may provide that— (a) for the purpose of...
(1) The regulations may provide that activities carried on by...
The regulations may provide that a ship which is not...
The regulations may provide that for the purposes of paragraphs...
The regulations may provide that where a partner leaves tonnage...
Regulations under this Part of this Schedule—
(1) This Part of this Schedule applies where a company...
(1) Paragraph 65(1)(a) (chargeable gain: disposal of tonnage tax assets)...
(1) This paragraph applies if in a relevant accounting period...
A tonnage tax election that ceases to be in force...
(1) A company election made by a former tonnage tax...
Where this Part of this Schedule applies on a second...
In this Schedule “ship” means any vessel used in navigation,...
In this Schedule a charter “on bareboat charter terms” means...
(1) In this Schedule “associate”, in relation to an individual,...
(1) Any power to make regulations conferred by this Schedule...
In this Schedule— “company” means a body corporate or unincorporated...
In this Schedule the following expressions are defined or otherwise...
(1) A further tonnage tax election (a “renewal election”) may...
(1) A withdrawal notice (see paragraph 13(2A)) may be given—...
(1) The Treasury may by order provide for further periods...
(1) A renewal election in respect of a single company...
(1) For the purposes of this Schedule a company is...
(1) This paragraph applies where a company temporarily ceases to...
(1) A company is regarded for the purposes of this...
A company is regarded for the purposes of this Schedule...
(1) For the purposes of this Schedule a “qualifying ship”...
(1) In this Schedule a “tonnage tax company” or “tonnage...
(1) The following kinds of vessel are not qualifying ships...
(1) This paragraph applies where a company operates a ship...
The Treasury may make provision by order amending paragraph 20...
(1) A qualifying ship that begins to be used for...
(1) This paragraph applies if the following conditions are satisfied...
(1) In paragraph 22A “ the reference date ” means...
(1) An order under paragraph 22B(2) designating a financial year...
(1) This paragraph applies if— (a) a company begins to...
(1) This paragraph applies if— (a) a qualifying ship operated...
(1) This paragraph applies where a qualifying ship operated by...
(1) It is a condition of entering tonnage tax or...
(1) The Secretary of State may make provision by regulations...
(1) References in this Part of this Schedule to a...
(1) A company or group proposing to make a tonnage...
(1) The Secretary of State may by regulations require a...
(1) The Secretary of State may make provision by regulations—...
(1) The Secretary of State may make provision by regulations—...
(1) In the case of a tonnage tax company, its...
(1) The Secretary of State may make provision by regulations—...
(1) The Secretary of State may by regulations provide that—...
(1) The Secretary of State may by regulations make provision...
(1) The Secretary of State may make provision by regulations—...
(1) No obligation as to secrecy or other restriction on...
(1) It is an offence for a person to provide...
(1) Regulations under this Part of this Schedule shall be...
(1) It is a requirement of a relevant company or...
(1) Where a tonnage tax election is made before the...
(1) If the 75% limit is exceeded in two or...
(1) A company’s tonnage tax profits for an accounting period...
(1) If the 75% limit is exceeded in relation to...
(1) It is a condition of remaining within tonnage tax...
(1) If a tonnage tax company is a party to...
(1) An appeal may be made against a notice given...
(1) The Secretary of State may make provision by regulations...
(1) For the purposes of this Schedule the relevant shipping...
(1) References in this Schedule to the “tonnage tax activities"...
(1) A tonnage tax company’s “core qualifying activities" are—
(1) The Inland Revenue may make provision by regulations as...
(1) A company’s incidental activities means its ship-related activities that—...
(1) Income of a tonnage tax company consisting in a...
(1) If two or more companies fall to be regarded...
(1) Income to which this paragraph applies is relevant shipping...
(1) Income from investments is not relevant shipping income.
An accounting period ends (if it would not otherwise do...
(1) The tonnage tax activities of a tonnage tax company...
(1) A tonnage tax company is not subject to any...
No relief, deduction or set-off of any description is allowed...
(1) When a company enters tonnage tax, any losses that...
(1) Any relief or set-off against a company’s tax liability...
(1) In relation to provision made or imposed as between...
(1) Part 4 of the Taxation (International and Other Provisions)...
(1) References in this Schedule to the gross or net...
(1) Not more than 90 days after—
(1) This paragraph applies to a tonnage tax company which...
(1) This paragraph applies to a tonnage tax company which...
(1) For the purposes of paragraphs 61 and 62 “finance...
(1) In this Part of this Schedule a “tonnage tax...
(1) When an asset is disposed of that is or...
A tonnage tax election does not affect the deduction under...
(1) Sections 152 and 153 of the Taxation of Chargeable...
(1) This Part of this Schedule makes provision about capital...
(1) On a company’s entry into tonnage tax any unrelieved...
(1) A tonnage tax election may be made in respect...
(1) This paragraph applies where, on a company’s entry into...
(1) This paragraph applies if a company—
(1) This paragraph applies where deferment of a balancing charge...
(1) This paragraph applies where a company subject to tonnage...
A company’s tonnage tax pool is not increased by reason...
(1) This paragraph applies where, at a time when a...
(1) This paragraph applies where, at a time when a...
(1) This paragraph applies if when a company is subject...
(1) The amount of any balancing charge under this Part...
(1) A balancing charge under this Part of this Schedule—...
(1) This paragraph applies if— (a) a balancing charge under...
(1) A tonnage tax election is made by notice to...
(1) If— (a) a balancing charge under this Part of...
(1) This paragraph applies where— (a) a company subject to...
If any identifiable part of a building or structure is...
(1) This paragraph applies where, in an accounting period during...
(1) This paragraph applies where a company subject to tonnage...
(1) If a company leaves tonnage tax—
If a company leaves tonnage tax the amount of unrelieved...
(1) Where any provision of this Part of this Schedule...
(1) In this Part of this Schedule— “ capital allowance...
(1) In the case of a ... lease of a...
(1) Paragraphs 94 to 102, and paragraph 89(1) so far...
(1) A company election must be made by the company...
(1) The lessor under the ... lease is not entitled...
(1) Paragraph 90 (defeased leasing) is subject to the following...
(1) This paragraph applies if the lease would fall to...
(1) A lease falls within this paragraph if—
(1) A lease of a qualifying ship provided, directly or...
(1) A lease of a qualifying ship provided, directly or...
Paragraph 91A(2) does not have effect in the case of...
(1) This paragraph applies if sub-paragraph (2) of paragraph 91A...
(1) The lessor under the ... lease is not entitled...
(1) Any claim by the lessor under a ... lease...
(1) Where the lessor under the ... lease is entitled...
(1) The rate bands and limit in paragraph 94 (quantitative...
(1) For the purposes of paragraph 94 (quantitative restrictions on...
(1) The following provisions apply where— (a) there is a...
(1) The provisions of this paragraph apply where—
(1) The provisions of this paragraph apply where—
Tax treatment of amounts relating to acquisition etc. of certain rights
Tax treatment of amounts relating to acquisition of certain rights
Tax treatment of amounts relating to acquisition of certain rights
Tax treatment of amounts relating to acquisition of certain rights
Tax treatment of amounts relating to acquisition of certain rights
Tax treatment of amounts relating to acquisition of certain rights
Tax treatment of amounts relating to acquisition of certain rights
New Schedule 4A to the Taxation of Chargeable Gains Act 1992
The Schedule inserted after Schedule 4 to the Taxation of...
New Schedule 4B to the Taxation of Chargeable Gains Act 1992
The Schedule inserted after Schedule 4A to the Taxation of...
Transfers of value: attribution of gains to beneficiaries
The Schedule inserted after Schedule 4B to the Taxation of...
In section 90 of the Taxation of Chargeable Gains Act...
In section 96 of the Taxation of Chargeable Gains Act...
In section 97 of the Taxation of Chargeable Gains Act...
In section 98 of the Taxation of Chargeable Gains Act...
In section 740(6) of the Taxes Act 1988 (income tax...
Group relief in case of non-resident companies etc.
In section 402 of the Taxes Act 1988 (availability of...
In Schedule 24 to the Taxes Act 1988 (assumptions for...
In paragraph 68 of Schedule 18 to the Finance Act...
(1) Paragraphs 7, 8, 10 and 11 have effect in...
(1) In section 413 of that Act (interpretation of Chapter...
In section 403A of that Act (limits on group relief),...
After section 403C of that Act insert— Relief for or...
(1) Schedule 18 to that Act (group relief: equity holders...
(1) Nothing in this Part of this Schedule has effect...
In section 76(1)(aa) of the Taxes Act 1988 (expenses of...
In section 434A(2) of the Taxes Act 1988 (losses on...
In section 502 of the Taxes Act 1988 (interpretation of...
Recovery of tax payable by non-resident company
This Schedule applies where— (a) an amount of corporation tax...
(1) The following companies may, by notice under this Schedule,...
(1) The Board may serve a notice on any company...
(1) Any notice under this Schedule must be served before...
(1) In a consortium case, the amount that the company...
(1) In this Schedule “company” means any body corporate.
Chargeable gains: non-resident companies and groups etc.
(1) In section 170 of the Taxation of Chargeable Gains...
(1) Section 175 of the Taxation of Chargeable Gains Act...
(1) For section 173 of the Taxation of Chargeable Gains...
(1) In section 41 of the Taxation of Chargeable Gains...
(1) Section 174 of the Taxation of Chargeable Gains Act...
The main amendments have effect for the purposes of section...
(1) In section 132 of the Finance Act 1988 (recovery...
(1) Section 14 of the Taxation of Chargeable Gains Act...
(1) Section 31A of the Taxation of Chargeable Gains Act...
. . . . . . . . . ....
(1) In section 116 of the Taxation of Chargeable Gains...
(1) Section 171 of the Taxation of Chargeable Gains Act...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The main amendments have effect for the purposes of section...
(1) In section 140 of the Taxation of Chargeable Gains...
(1) In section 176 of the Taxation of Chargeable Gains...
(1) In section 177 of the Taxation of Chargeable Gains...
Section 178 of the Taxation of Chargeable Gains Act 1992...
Section 180 of the Taxation of Chargeable Gains Act 1992...
(1) In section 181 of the Taxation of Chargeable Gains...
In section 192 of the Taxation of Chargeable Gains Act...
(1) Section 172 of the Taxation of Chargeable Gains Act...
(1) Section 211 of the Taxation of Chargeable Gains Act...
The main amendments have effect for the purposes of section...
(1) In section 217C of the Taxation of Chargeable Gains...
The main amendments have effect for the purposes of section...
The main amendments have effect for the purposes of section...
(1) In section 276 of the Taxation of Chargeable Gains...
The main amendments have effect for the purposes of paragraph...
The main amendments have effect for the purposes of paragraph...
The main amendments have effect for the purposes of paragraphs...
. . . . . . . . . ....
(1) Section 179 of the Taxation of Chargeable Gains Act...
The main amendments have effect for the purposes of Schedule...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1) Schedule 9 to the Finance Act 1996 (computational provisions...
(1) In Schedule 15 to the Finance Act 1996 (loan...
(1) For the purposes of this paragraph—
Schedule 29 para.47
(1) Section 139 of the Taxation of Chargeable Gains Act...
(1) Section 25 of the Taxation of Chargeable Gains Act...
(1) In Schedule 7A to the Taxation of Chargeable Gains...
. . . . . . . . . ....
(1) For sections 190 and 191 of the Taxation of...
Double taxation relief
(1) In section 788 of the Taxes Act 1988 (relief...
(1) Section 800 of the Taxes Act 1988 (dividends paid...
(1) Amend section 801 of the Taxes Act 1988 as...
(1) After section 801A of the Taxes Act 1988 insert—...
(1) After section 801B of the Taxes Act 1988 insert—...
(1) Section 802 of the Taxes Act 1988 shall cease...
(1) After section 803 of the Taxes Act 1988 insert—...
(1) Amend section 804A of the Taxes Act 1988 (overseas...
(1) After section 804A of the Taxes Act 1988 insert—...
(1) After section 804B of the Taxes Act 1988 insert—...
(1) After section 804E of the Taxes Act 1988 insert—...
(1) In section 788 of the Taxes Act 1988 (relief...
(1) Amend section 806 of the Taxes Act 1988 as...
(1) After section 806 of the Taxes Act 1988 insert—...
(1) After section 806J of the Taxes Act 1988 insert—...
(1) After section 806K of the Taxes Act 1988 insert—...
(1) Amend section 807A of the Taxes Act 1988 (disposals...
(1) After section 808A of the Taxes Act 1988 insert—...
(1) Section 810 of the Taxes Act 1988 (postponement of...
(1) Amend section 811 of the Taxes Act 1988 (deduction...
(1) After section 815A of the Taxes Act 1988 insert—...
(1) Amend section 826 of the Taxes Act 1988 as...
(1) Amend section 790 of the Taxes Act 1988 (unilateral...
(1) Amend section 278 of the Taxation of Chargeable Gains...
(1) Amend section 790 of the Taxes Act 1988 (unilateral...
(1) After section 793 of the Taxes Act 1988 insert—...
(1) After section 795 of the Taxes Act 1988 insert—...
(1) Amend section 797A of the Taxes Act 1988 (foreign...
(1) Amend section 799 of the Taxes Act 1988 (computation...
(1) Amend section 799 of the Taxes Act 1988 as...
Controlled foreign companies
Amend Chapter IV of Part XVII of the Taxes Act...
(1) Amend section 747 as follows. (2) After subsection (1)...
After section 750 insert— Deemed lower level of taxation: designer...
(1) After section 755C insert— “Control" and the two “40...
(1) In Part II of Schedule 25 (exempt activities) amend...
(1) In Part II of Schedule 25 (exempt activities) amend...
(1) In Part II of Schedule 25 (exempt activities) amend...
(1) In Part II of Schedule 25 (exempt activities) amend...
(1) Paragraph 2 has effect on and after 21st March...
Stamp duty on seven year leases: transitional provisions
In this Schedule— “additional duty”, in relation to an instrument,...
The instruments to which this Schedule applies are—
An instrument to which this Schedule applies which is stamped...
(1) An instrument to which this Schedule applies which—
Section 12A(1) of the Stamp Act 1891 (adjudicated instruments not...
Section 14(4) of the Stamp Act 1891 (instruments not to...
(1) This paragraph applies for the purpose of applying sections...
Power to vary stamp duties
(1) The Treasury may if they consider it expedient in...
(1) The power conferred by paragraph 1 does not include...
The power conferred by paragraph 1 does not, except as...
(1) An instrument containing regulations under paragraph 1 shall be...
(1) Where regulations cease to have effect under paragraph 4(2)...
(1) Where regulations cease to have effect under paragraph 4(2)...
(1) Regulations under paragraph 1 shall not apply in relation...
Any power to make regulations under this Schedule includes power...
(1) In relation to a bearer instrument (as defined in...
Abolition of stamp duty on instruments relating to intellectual property: supplementary provisions
In this Schedule “intellectual property” has the same meaning as...
(1) This paragraph applies where— (a) stamp duty under Part...
(1) Where part of the property referred to in section...
(1) Intellectual property shall be disregarded for the purposes of...
(1) Section 12 of the Finance Act 1895 (property vested...
Value added tax: charge at reduced rate
Schedule A1 to the Value Added Tax Act 1994 (charge...
In paragraph 5(5) (meaning of “relevant scheme”), for “paragraph 1(1A)...
(1) Paragraph 1(1) (supplies benefiting from the reduced rate) is...
For paragraph 1(1A) (supplies benefit from reduced rate only if...
In paragraph 1(1B) (interpretation of sub-paragraph (1A))—
In paragraph 5(3)(c), for “disability working allowance" substitute “ disabled...
In paragraph 5(3)(d), for “family credit" substitute “ working families’...
In paragraph 5 (interpretation), after sub-paragraph (3) insert—
(1) Paragraph 5(4) (meaning of “energy-saving materials”) is amended as...
In paragraph 5, after sub-paragraph (4) insert—
New Schedule 3A to the Value Added Tax Act 1994
The Schedule inserted after Schedule 3 to the Value Added...
Landfill tax: new Part VIII of Schedule 5 to the Finance Act 1996
Part VIII Secondary liability: controllers of landfill sites Meaning of...
Regulations for providing incentives for electronic communications
(1) Regulations may be made in accordance with this Schedule...
(1) The incentives shall be of such description as may...
(1) The regulations may make provision as to the conditions...
(1) The regulations may make provision for the withdrawal of...
The regulations may authorise the making of any such provision...
(1) The regulations may provide for contravention of, or failure...
(1) Power to make provision by regulations under this Schedule...
(1) In this Schedule— “discount” includes payment; “electronic communications” includes...
New Schedule 1AA to the Taxes Management Act 1970
The Schedule inserted after Schedule 1 to the Taxes Management...
Repeals
(16) Insurance Chapter Short title Extent of repeal 1988 c....
(17) Payments under deduction of tax Chapter Short title Extent...
Chapter Short title Extent of repeal 1949 c. 15 (N.I.)....
(1) Hydrocarbon oils Chapter Short title Extent of repeal 1979...
(2) Tobacco Chapter Short title Extent of repeal 1979 c....
(1) Giving to charity Chapter Short title Extent of repeal...
(2) Benefits in kinds: deregulatory amendments Chapter Short title Extent...
(3) Cars available for private use Chapter Short title Extent...
(4) Occupational and personal pension schemes Chapter Short title Extent...
(5) Enterprise investment scheme and venture capital trusts Chapter Short...
(6) Taper relief for business assets Chapter Short title Extent...
(8) Capital allowances Chapter Short title Extent of repeal 1990...
(10) Capital gains tax: gifts and trusts Chapter Short title...
(11) Groups and group relief Chapter Short title Extent of...
(12) Groups of companies: chargeable gains Chapter Short title Extent...
(7) Meaning of “research and development" Chapter Short title Extent...
(9) Contributions to local enterprise agencies, etc. Chapter Short title...
(13) Double taxation relief Chapter Short title Extent of repeal...
(14) Controlled foreign companies Chapter Short title Extent of repeal...
(15) International matters Chapter Short title Extent of repeal 1993...
(18) Tax treatment of expenditure on production or acquisition of...
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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