Getting approved to trade: complete pre-trading journey
- 1 step
UK Act of Parliament
2008
United Kingdom
Finance Act 2008
At a glance
Enforced by
What's here
5 compliance obligations, 4 practical guides across 2 topics · 3 journeys
Penalty landscape
2 of 5 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 4
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Trading without required approvals: what to do now
- 3 steps
Pre-trading approvals quick check
- 3 steps
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Direct — cites this Act
1 guidesMentioned in related content
3 guidesOther 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
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 1 — Charges, rates, allowances, reliefs
Browse 23 other sections in this Part — procedural / definitional / commencement
Charge and main rates for 2008-09
Personal allowance for those aged under 65
Personal allowances for those aged 65 and over
Basic rate limit
Abolition of starting and savings rates and creation of starting rate for savings
Charge and main rates for financial year 2009
Small companies' rates and fractions for financial year 2008 etc
Rate etc
Entrepreneurs' relief
Transfer of unused nil-rate band etc
Rates of alcoholic liquor duty
Rates of tobacco products duty
Rates and rebates: simplification
Biodiesel and bioblend
Rates and rebates: increase from 1 October 2008
Fuel for aircraft and boats, heating oil and fuel for certain engines
Rates of vehicle excise duty
Standard rate of landfill tax
Rates of climate change levy
Rate of aggregates levy
Carbon reduction trading scheme: charges for allocations
Rates of gaming duty
Amusement machine licence duty
Part 2 — Income tax, corporation tax and capital gains tax_general
Browse 55 other sections in this Part — procedural / definitional / commencement
Periods of residence
Remittance basis
Rates of R&D relief and vaccine research relief
Qualifying expenditure: R&D relief and vaccine research relief
Companies in difficulty: SME R&D relief and vaccine research relief
Cap on R&D aid
Vaccine research relief: declaration about effect of relief
Enterprise investment scheme: increase in amount of relief
Venture capital schemes
Enterprise management incentives: qualifying companies
Tax credits for certain foreign distributions
Small companies' relief: associated companies
Company gains from investment life insurance contracts etc
Trade profits: changes in trading stock
Non-residents: investment managers
Dormant assets
Individual investment plan regulations
Meaning of “offshore fund”
Meaning of “mutual fund” etc
Umbrella arrangements
Arrangements comprising more than one class of interest
Meaning of “mutual fund”: exceptions
Meaning of “relevant income-producing assets”
Meaning of “mutual fund”: powers to vary exceptions
Tax treatment of participants in offshore funds
Regulations under section 41: supplementary
Regulations: procedure
Insurance companies etc
Friendly societies
Homes outside UK owned through company etc
In-work and return to work credits and payments
Company cars: lower threshold for CO 2 emissions figure
Van fuel benefit
Employment-related securities etc: deductible amounts etc
Employment-related securities: repeal of obsolete provisions
Armed forces: the Council Tax Relief
Greater London Authority: severance payments
Gift aid: payments to charities
Community investment tax relief
Leases of plant or machinery
Sale of lessor companies etc
Double taxation relief
UK residents and foreign partnerships
UK residents and foreign enterprises
Restrictions on trade loss relief for individuals
Non-active partners
Financial arrangements avoidance
Manufactured payments
Controlled foreign companies
Intangible fixed assets: related parties
Repeal of obsolete anti-avoidance provisions
Income of beneficiaries under settlor-interested settlements
Income charged at dividend upper rate
Payments on account of income tax
Allowances etc for non-resident nationals of an EEA state
Part 3 — Capital allowances
Browse 19 other sections in this Part — procedural / definitional / commencement
Thermal insulation of buildings
Expenditure on required fire precautions
Integral features
Annual investment allowance
First-year allowance for small and medium-sized enterprises discontinued
Repeal of spent first-year allowances
Cars with low carbon dioxide emissions
Gas refuelling stations
First-year tax credits
Main rate of writing down allowance
Small pools
Special rate expenditure and the special rate pool
Existing long-life asset expenditure treated as special rate expenditure
Abolition of allowances from 2011
Phasing out of allowances before abolition
Qualifying enterprise zone expenditure: transitional provision
Phasing out of industrial buildings allowance: anti-avoidance
Power to make consequential and transitional provision
Balancing allowances on transfers of trade
Part 4 — Pensions
Browse 3 other sections in this Part — procedural / definitional / commencement
Part 5 — Stamp taxes
Abolition of fixed stamp duty on certain instruments
- Stamp duty on specific documents has been abolished Any Person
Browse 8 other sections in this Part — procedural / definitional / commencement
Zero-carbon homes
Notification and registration of transactions
Charge where consideration includes rent: 0% band
Withdrawal of group relief
Transfers of interests in property-investment partnerships
Exemption from ad valorem stamp duty for low value transactions
Gifts inter vivos
Loan capital
Part 6 — Oil
Abandonment expenditure: deductions from ring fence income
Amended 2 timesAbandonment expenditure: former participator reimbursed by defaulter
Amended 1 timeLosses: set off against profits of earlier accounting periods
Amended 1 timeRing fence trade: no deduction for expenses of investment management
Amended 1 timeBrowse 7 other sections in this Part — procedural / definitional / commencement
Meaning of “participator”
Abandonment expenditure: default by participator met by former participator
Returns of relevant sales of oil
Elections for oil fields to become non-taxable
Capital allowances: plant and machinery for use in ring fence trade
Capital allowances: decommissioning expenditure
Capital allowances: abandonment expenditure after ceasing ring fence trade
Part 7 — Administration
Correction and amendment of tax returns
Amended 3 timesEnforcement by taking control of goods: England and Wales
Amended 1 timeSummary warrant: Scotland
Amended 1 timeSet-off ...
Amended 4 timesNo set-off where insolvency procedure has been applied
Amended 7 timesSet-off etc where right to be paid a sum has been transferred
Amended 1 timeInterest on unpaid tax in case of disaster etc of national significance
Amended 5 timesBrowse 20 other sections in this Part — procedural / definitional / commencement
Information and inspection powers
Computer records etc
Record-keeping
Disclosure of tax avoidance schemes
Power to open or unpack containers
Time limits for assessments, claims etc
VAT: time limits for assessments of excess credits etc
Old VAT claims: extended time limits
Penalties for errors
Penalties for failure to notify etc
HMRC decisions etc: reviews and appeals
Alcoholic liquor duties
Security under CEMA 1979
Consequential provision and commencement
VAT: requirement to set-off
Retained funding bonds: tender by Commissioners
Fee for payment
County court proceedings
Certificates of debt
Interpretation of Chapter
Part 8 — Miscellaneous
Offence of using or keeping unlicensed vehicle
Unlimited fine- Use or keep an unlicensed vehicle Any Person
Not exhibiting licence: period of grace
Amended 1 timeAviation duty
Other duties (1) — Crown / regulator
- HMRC may spend funds preparing for a new aviation duty Statutory regulator
Stamp duty and stamp duty reserve tax: alternative finance investment bonds
Amended 1 timeAlternative finance arrangements: power to vary Chapter 5 of Part 2 of FA 2005
Amended 1 timePower of Treasury to make payments
Amended 1 timeBrowse 19 other sections in this Part — procedural / definitional / commencement
Charge on termination of interest in possession where new interest acquired
Interest in possession settlements: extension of transitional period
Tax representatives
Overseas insurers
Rebates
Rates for new lower-emission vans
Reduced pollution certificates
Climate change levy: coal mine methane no longer to be renewable source
Climate change levy accounting documents: abolition of self-identification
Landfill tax credit: withdrawing approval of environmental bodies
Air passenger duty: class of travel with large seat pitch
Alternative property finance: anti-avoidance
Government borrowing: alternative finance arrangements
Payments from certain Exchequer accounts: mechanism
Power to give statutory effect to concessions
Fuel duty: definition of “ultra low sulphur diesel”
Duties: abolition of disregard of fractions of penny
National savings
EU emissions trading: criminal offences
Part 9 — Final provisions
Browse 1 other section in this Part — procedural / definitional / commencement
Short title
Schedules
Penalties: failure to notify and certain VAT and excise wrongdoing
Unlimited fine- Fail to notify HMRC of tax liability or engage in tax wrongdoing Any Person
Fuel duty: biodiesel and bioblend
7 years imprisonment- Misuse of rebated biodiesel or bioblend Any Person
Information and inspection powers
Cited by 1 guideBrowse 1183 other Schedules — structural / supplementary
Entrepreneurs' relief
Inheritance tax: transfer of nil-rate band etc
Aircraft and boat fuel, heating oil and fuel used for certain engines
Tax credit for certain foreign distributions
Company gains from investment life insurance contracts
Changes in trading stock
Insurance companies etc
Friendly societies
Reduction of basic rate of income tax: transitional relief for gift aid charities
Restriction on loss relief for non-active traders
Annual investment allowance
First-year tax credits
Special rate expenditure and the special rate pool
Abolition of allowances: consequential amendments and savings
Inheritance of tax-relieved pension savings
Stamp duty land tax: notification etc: consequential provision
Stamp duty: abolition of fixed duty on certain instruments
Oil decommissioning expenditure: consequential amendments
Set off against oil profits: minor and consequential amendments
Disclosure of tax avoidance schemes
Time limits for assessments, claims etc.
Taking control of goods etc: consequential provision
Government borrowing: alternative finance arrangements
Abolition of starting and savings rates and creation of starting rate for savings
ITA 2007 is amended as follows.
Omit section 20 (starting rate limit and basic rate limit)....
(1) Section 21 (indexation of starting and basic rate limits)...
In section 31(2), omit “or savings rate”.
(1) Section 158 (form and amount of EIS relief) is...
In section 209(3) (withdrawal or reduction of EIS relief: disposal...
In section 210(1)(b) (cases where maximum EIS relief not obtained),...
In section 213(2) (withdrawal or reduction of EIS relief: value...
In section 220(1)(b) (cases where maximum EIS relief not obtained),...
In section 224(2) (withdrawal or reduction of EIS relief: repayments...
In section 229(1)(b) (cases where maximum EIS relief not obtained),...
For section 7 (savings rate) substitute— The starting rate for...
In section 414(2) (relief for gifts to charity), for “section...
In section 486(1) (how allowable expenses are to be set...
(1) Section 498 (types of income tax for purposes of...
In section 504(3) (treatment of income of unauthorised unit trust),...
In section 745(1) (rates of tax applicable to income charged...
In section 851(2) (deduction by deposit-takers and building societies), for...
In section 874(2) (deduction from payments of yearly interest), for...
In section 889(4) (deduction from payments in respect of building...
In section 892(2) (deduction from UK public dividends), for “savings...
In section 901(4) (deduction from annual payments made by other...
(1) Section 10 (income charged at main rates: individuals) is...
Omit section 902 (meaning of “applicable rate” in section 901)....
In section 919(2) (manufactured interest on UK securities: payments by...
In section 939(2) (duty to retain bonds where issue treated...
(1) Section 989 (definitions) is amended as follows.
In section 1014(5)(b)(i) (orders and regulations not subject to annulment),...
In Schedule 1 (consequential amendments), omit paragraphs 85(2), 86, 112,...
(1) Schedule 4 (index of defined expressions) is amended as...
TMA 1970 is amended as follows.
In section 7(6) (notice of liability to income tax and...
In section 91(3)(c) (effect of interest on reliefs), for “,...
In section 11(2) (income charged at the basic rate: persons...
ICTA is amended as follows.
In section 468(1A) (authorised unit trusts), for “savings rate” substitute...
In section 468A(1) (open-ended investment companies), for “savings rate” substitute...
In section 552(5)(f)(i) (information: duty of insurers), for “savings rate”...
In section 699A(4)(b) (untaxed sums comprised in the income of...
In section 701(3A) (estates of deceased persons in administration), omit—...
Omit section 789(2) (double taxation arrangements made under old law:...
In section 88(1) of FA 1989 (insurance companies: policy holders'...
In section 150A(3)(b) of TCGA 1992 (enterprise investment schemes), for...
Omit paragraph 21 of Schedule 6 to FA 1996 (which...
For section 12 substitute— Income charged at the starting rate...
ITTOIA 2005 is amended as follows.
In section 465A(1)(b) (gains from contracts for life insurance etc:...
In section 466(2) (gains from contracts for life insurance etc:...
In section 467(7) (gains from contracts for life insurance etc:...
(1) Section 530 (gains from contracts for life insurance etc:...
In section 535(3) (gains from contracts for life insurance etc:...
In section 536(1) (gains from contracts for life insurance etc:...
In section 537 (gains from contracts for life insurance etc:...
In section 539(5) (gains from contracts for life insurance etc:...
In section 669(3)(a)(i) (reduction in residuary income: inheritance tax on...
In section 13 (income charged at dividend ordinary and dividend...
In section 679(3) (income from which basic amounts are treated...
In section 680(4) (income treated as bearing income tax), for...
(1) Section 680A (income treated as savings income or dividend...
(1) Schedule 4 (index of defined expressions) is amended as...
In section 7(5) of F(No.2)A 2005 (charge to income tax...
Apart from the amendments made by paragraph 11, the amendments...
In section 16(1) (savings and dividend income to be treated...
(1) Section 17 (repayment: tax paid at basic rate instead...
For the heading before section 20 substitute— “ Indexation of...
Capital gains tax reform
TCGA 1992 is amended as follows.
In paragraph 1(1) of Schedule 5 (construction of section 86(1)(e)),...
The amendments made by paragraphs 84 to 99 have effect...
(1) Section 288 of TCGA 1992 (interpretation) is amended as...
In consequence of the amendments made by paragraph 101, omit—...
Chapter 4 of Part 2 of FA 2005 (trusts with...
In section 23(4) (introduction), for “33” substitute “ 32 ”....
In section 26(1) (income tax: amount of relief), in the...
(1) Section 28 (vulnerable person's liability: VQTI) is amended as...
In section 30 (qualifying trust gains: special capital gains tax...
(1) Section 31 (UK resident vulnerable persons: section 77 treatment)...
(1) Section 32 (non-UK resident vulnerable persons: amount of relief)...
Omit section 33 (non-UK resident vulnerable person's liability: VQTG).
In section 41(3) (interpretation), for “33” substitute “ 32 ”....
In section 2(7)(a) (chargeable gains and allowable losses), omit “77...
(1) Schedule 1 (non-UK resident vulnerable persons: interpretation) is amended...
In consequence of section 8 and paragraphs 1 to 20,...
The amendments made by paragraphs 1 to 21 have effect...
TCGA 1992 is amended as follows.
(1) Section 2 (chargeable gains and allowable losses) is amended...
Omit section 2A (taper relief).
(1) Section 3 (annual exempt amount) is amended as follows....
In section 3A(2) (reporting limits)— (a) omit paragraph (a), and...
Omit section 13(10A) (attribution of gains to members of non-resident...
(1) Section 62 (death) is amended as follows
Omit section 6 (rates: special cases).
In section 86(1)(e) (attribution of gains to settlors with interest...
(1) Section 86A (attribution of gains to settlor in section...
Omit section 150D (enterprise investment scheme: application of taper relief)....
In subsection (8) of section 165 (relief for gifts of...
After that section insert— Meaning of “holding company”, “trading company”...
Omit section 214C (re-organisations of mutual business: gains not eligible...
In section 228(8) (relief for employee share ownership trusts), for...
In section 241(3A) (furnished holiday lettings), omit “Schedule A1 (taper...
In section 253(14)(b) (relief for loans to traders), for “meaning...
Omit section 261C(2)(a) (treating trading loss etc as CGT loss:...
In section 13(7A) (attribution of gains to members of non-resident...
In section 279(2)(a) (foreign assets: delayed remittances), omit “(before the...
In section 279A(7)(b) (deferred unascertainable consideration: election for treatment of...
In section 279B(1) (provisions supplementary to section 279A), for paragraph...
(1) Section 279C (effect of election under section 279A) is...
Omit section 284B(1) (provisions supplementary to section 284A).
Omit Schedule A1 (taper relief).
Schedule 4C (transfers of value: attribution of gains to beneficiaries)...
(1) Paragraph 6 (gains attributed to settlor) is amended as...
Omit paragraph 11 (taper relief).
Omit Schedule 5BA (application of taper relief to enterprise investment...
Omit sections 77 to 79 (charge on settlor with interest...
Omit paragraph 15 of Schedule 7D (enterprise management incentives).
In paragraph 45D(7) of Schedule 26 to FA 2002 (derivative...
In paragraph 86(2) of Schedule 7 to ITEPA 2003 (transitionals...
Omit section 185G(3)(c) of FA 2004 (disposal by person holding...
Omit section 161(5) of ITA 2007 (other tax reliefs relating...
In consequence of paragraphs 23 to 54, omit—
(1) The amendments made by paragraph 31(2) and (3) have...
TCGA 1992 is amended as follows.
(1) Section 35 (assets held on 31 March 1982) is...
After that section insert— Disposal of asset acquired on no...
Omit section 88(6) (gains of dual resident settlements: sections 77...
In section 55(5) (indexation allowance: assets acquired on no gain/no...
In section 73(1) (death of life tenant: exclusion of chargeable...
In section 175(2C) (replacement of business assets by member of...
In section 288 (interpretation), after subsection (3) insert—
(1) Schedule 2 (assets held on 6 April 1965) is...
(1) Schedule 3 (assets held on 31 March 1982) is...
In paragraph 7 of Schedule 4 (deferred charges on pre-31...
In paragraph 7 of Schedule 4ZA (sub-fund settlements), for “sections...
In paragraph 12(b) of Schedule 7A (restriction on set-off or...
(1) FA 1997 is amended as follows.
(1) Schedule 4A (disposal of interest in settled property: deemed...
In consequence of paragraphs 57 to 69, omit—
The amendments made by paragraphs 57 to 70 have effect...
TCGA 1992 is amended as follows.
In section 36 (reduction of deferred charges where wholly or...
(1) Schedule 4 (deferred charges on pre-31 March 1982 gains)...
In consequence of paragraph 74, omit paragraph 43 of Schedule...
The amendments made by paragraphs 72 to 75 have effect...
TCGA 1992 is amended as follows.
At the beginning of Chapter 4 of Part 2 (indexation...
In section 53 (indexation allowance), omit— (a) subsection (1A), and...
(1) Schedule 4B (transfers of value by trustees linked with...
(1) Section 54 (calculation of indexation allowance) is amended as...
(1) Section 145 (call options: indexation allowance) is amended as...
In consequence of the amendments made by paragraphs 77 to...
The amendments made by paragraphs 77 to 82 have effect...
TCGA 1992 is amended as follows.
(1) Section 104 (share pooling: general interpretative provisions) is amended...
In section 105 (disposal on or before day of acquisition),...
(1) Section 106A (identification of securities: general rules for capital...
In the heading of section 107 (identification of securities etc:...
In the heading of section 108 (identification of relevant securities),...
Omit paragraph 6(3) of Schedule 4C (attribution of gains to...
(1) Section 109 (pre-April 1982 share pools) is amended as...
For the heading of section 110 substitute “ Indexation for...
Omit section 110A (indexation for section 104 holdings: CGT).
In the heading of section 112 (parallel pooling regulations), insert...
(1) Section 113 (calls on shares) is amended as follows....
(1) Section 114 (consideration for options) is amended as follows....
In FA 1998, omit— (a) section 123(1) and (2), and...
Chapter 6 of Part 4 of ITA 2007 (losses on...
(1) Section 147 (limits on share loss relief) is amended...
(1) Section 148 (disposal of shares forming part of mixed...
TCGA 1992 is amended as follows.
In Part 5 (transfer of business assets), after section 169G...
In section 241(3A) (furnished holiday lettings), after the entry relating...
In paragraph 1(1)(b) of Schedule 5B (enterprise investment scheme: re-investment),...
The amendments made by this Schedule have effect in relation...
Section 169P of TCGA 1992 has effect in a case...
(1) This paragraph applies where, by virtue of section 116(10)(b),...
(1) This paragraph applies where there is a relevant chargeable...
IHTA 1984 is amended as follows.
(1) Section 8A of IHTA 1984 (as inserted by paragraph...
(1) Section 8C of IHTA 1984 (as inserted by paragraph...
After section 8 insert— Transfer of unused nil-rate band between...
In section 147 (Scotland: legitim etc), insert at the end—...
(1) Section 151BA (rates of charge under section 151B) is...
In section 239(4) (certificates of discharge: cases where further tax...
In section 247(2) (tax-geared penalty), after “liable” insert “ ,...
In section 272 (general interpretation), insert at the appropriate place—...
In section 274 of TCGA 1992 (value determined for inheritance...
(1) The amendments made by paragraphs 2, 3 and 4(4)...
HODA 1979 is amended as follows.
In section 13AA (restrictions on use of rebated kerosene), omit...
In section 13AB (penalties for misuse of kerosene), omit subsections...
In section 14 (rebate on light oil for use as...
After that section insert— Rebate on biodiesel used other than...
Omit section 17A (repayment of part of duty where biodiesel...
(1) Section 20A (mixing: adjustment of duty) is amended as...
(1) Section 20AAA (mixing of rebated oil) is amended as...
In section 20AA(1) (power to allow reliefs), after “12(2)” (in...
Before section 21 (but after the heading “Administration and enforcement”)...
In section 23 (prohibition on use etc of road fuel...
(1) Section 1 (hydrocarbon oil) is amended as follows.
(1) Section 24 (control of duty-free and rebated oil) is...
In section 24A (penalties for misuse of marked oil), omit...
(1) Section 27 (interpretation) is amended as follows.
In Schedule 4 (regulations under section 24), omit—
In Schedule 5 (sampling), in paragraph 3(1), omit “of oil”....
In consequence of the amendments of HODA 1979, omit—
The amendments made by this Schedule are treated as having...
(1) Section 2A (power to amend definitions) is amended as...
In section 6AA (excise duty on biodiesel), after subsection (3)...
In section 6AB (excise duty on bioblend), for subsections (3)...
In section 8 (excise duty on road fuel gas)—
In section 10 (restrictions on use of duty-free oil), omit...
In section 12 (rebate not allowed on fuel for road...
In section 13 (penalties for misuse of rebated heavy oil),...
HODA 1979 is amended as follows.
In the heading of section 13AB, for “misuse of kerosene”...
After that section insert— Use of rebated kerosene for private...
HODA 1979 is amended as follows.
(1) Section 14A (rebate on biodiesel used other than as...
(1) Section 14C (restrictions on use of rebated biodiesel and...
After section 14D insert— Rebated heavy oil and bioblend: private...
In section 24(1) (control of use of duty-free and rebated...
FA 1994 is amended as follows.
In section 12A(3)(c) (other assessment relating to excise duty matters)—...
In section 12B(2)(f) (section 12A: supplementary provisions)—
In section 1 (hydrocarbon oil), after subsection (3C) insert—
In section 14(1)(ba) (requirement for review of a decision)—
The amendments made by this Part of this Schedule come...
But section 13AC(2) of HODA 1979 does not apply to...
And section 14E(2) of that Act does not apply to...
HODA 1979 is amended as follows.
In section 11(1) (rebate on heavy oil), for “13, 13AA...
In section 12(2) (rebated heavy oil not to be used...
In the heading of section 13 (penalties for misuse of...
After that section insert— Rebate on certain heavy oil used...
In section 20AAA(6)(b) (mixing of rebated oil), before “13AA” insert...
In section 2A(1) (power to amend definitions), before paragraph (a)...
In section 20AA(1) (power to allow reliefs), after “12(2)” (in...
In section 24(2) (control of use of duty-free and rebated...
In section 27(1) (interpretation), in the definition of “rebate”, after...
FA 1994 is amended as follows.
In section 12A(3)(c) (other assessment relating to excise duty matters),...
In section 12B(2)(f) (section 12A: supplementary provisions), after “13,” insert...
In section 14(1)(ba) (requirement for review of a decision), after...
The amendments made by this Part of this Schedule come...
(1) Section 6 (hydrocarbon oil: rates of duty) is amended...
In section 24(1) (control of use of duty-free and rebated...
In section 27(1) (interpretation), in the definition of “aviation gasoline”,...
In Schedule 3 (regulations under section 21), omit paragraph 10A....
In consequence of the amendments made by paragraphs 2 to...
HODA 1979 is amended as follows.
Remittance basis
In Part 14 of ITA 2007 (income tax liability: miscellaneous...
For the title to Chapter 5 of Part 2 substitute...
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
In section 13(2) of TCGA 1992 (attribution of gains to...
After section 14 of that Act insert— Section 13: non-UK...
The amendments made by paragraphs 103 and 104 have effect...
TCGA 1992 is amended as follows.
In section 85(11) (disposal of interests in non-resident settlements), for...
For section 87 substitute— Non-UK resident settlements: attribution of gains...
(1) Section 88 (gains of dual resident settlements) is amended...
(1) Section 20 (taxable earnings under Chapter 5: introduction) is...
(1) Section 89 (migrant settlements) is amended as follows.
For section 90 substitute— Sections 87 and 89(2): transfers between...
(1) Section 91 (increase in tax payable under section 87...
Omit sections 92 to 95 (matching).
Omit— (a) in FA 1998, section 130(1) and (4), and...
The amendments made by paragraphs 106 to 114 have effect...
For the purposes of sections 87 and 87A of TCGA...
In the application of section 87 of TCGA 1992 for...
(1) This paragraph applies if— (a) section 87 of TCGA...
Section 87C of TCGA 1992 does not apply in relation...
For the heading before section 21 substitute “ Remittance basis...
(1) This paragraph applies to a settlement if section 87...
(1) If section 90 of TCGA 1992 (as originally enacted)...
(1) If all of a capital payment would (in the...
Section 89(2) of TCGA 1992 as substituted applies to a...
(1) This paragraph applies if— (a) chargeable gains are treated...
(1) This paragraph applies in relation to a settlement for...
(1) The following provisions apply to a settlement if—
(1) This paragraph applies if— (a) in the tax year...
TCGA 1992 is amended as follows.
(1) Section 85A (transfers of value: attribution of gains to...
Omit section 21 (earnings for year when employee resident and...
In paragraph 3 of Schedule 4B (transfers of value by...
Schedule 4C (transfers of value: attribution of gains to beneficiaries)...
In paragraph 1, for sub-paragraphs (2) and (3) substitute—
After that paragraph insert— Outstanding section 2(2) amounts (1) The following steps are to be taken for the...
In paragraph 4(2) (chargeable amount: non-resident settlement), at the end...
In paragraph 5(2)(a) (chargeable amount: dual resident settlement), after “apply”...
Omit paragraph 7A (and the heading before it).
For paragraph 7B substitute— (1) This paragraph applies if the trustees of the transferor...
For paragraph 8 substitute— (1) Chargeable gains are treated as accruing in a tax...
After paragraph 8A insert— Attribution of gains: remittance basis Section 87B (remittance basis) applies in relation to chargeable gains...
(1) Section 22 (chargeable overseas earnings for year when employee...
Omit paragraphs 8B and 8C (including the heading before paragraph...
For paragraph 9 (and the heading before it) substitute— Attribution...
In paragraph 10 (residence of trustees from whom capital payment...
(1) Paragraph 12 (attribution of gains to settlor in section...
In paragraph 12A(3), for “87(4)” substitute “ 87(2) ”.
(1) Paragraph 13 (increase in tax payable under this Schedule)...
Omit paragraph 3 and 6(2) and (3) of Schedule 29...
The amendments made by paragraphs 128 to 146 have effect...
For the purposes of paragraph 8 of Schedule 4C to...
A capital payment received before 6 April 2008 is not...
(1) Section 23 (calculation of chargeable overseas earnings) is amended...
Paragraph 124 applies in relation to chargeable gains treated under...
(1) This paragraph applies for the tax year 2008-09 or...
Schedule 4C to TCGA 1992 (as it has effect without...
Any reduction in the amount of a capital payment has...
(1) If all of a capital payment ceases (in the...
In any tax year— (a) Schedule 4C to TCGA 1992...
In section 830(4) of ITTOIA 2005 (meaning of “relevant foreign...
In section 617 of ITA 2007 (accrued income profits: income...
Omit section 644 of that Act (accrued income profits: individuals...
After section 670 of that Act insert— Individuals to whom...
In section 24(7) (limit on chargeable overseas earnings where duties...
The amendments made by paragraphs 156 to 159 have effect...
. . . . . . . . . ....
In section 830(4) of ITTOIA 2005 (meaning of “relevant foreign...
ITA 2007 is amended as follows.
In section 720(4) (transfer of assets abroad: charge where power...
For section 726 substitute— Non-UK domiciled individuals to whom remittance...
In section 727 (transfer of assets abroad: charge where capital...
For section 730 substitute— Non-UK domiciled individuals to whom remittance...
In section 731 (transfer of assets abroad: charge where benefit...
For section 735 substitute— Non-UK domiciled individuals to whom remittance...
For the heading before section 25 substitute “ Remittance basis...
The amendments made by paragraphs 161 to 169 have effect...
For the purposes of this Part of this Schedule, the...
(1) Sub-paragraph (2) has effect for the purposes of— paragraphs...
Omit section 25 (UK-based earnings for year when employee resident,...
(1) Section 26 (foreign earnings for year when employee resident,...
ITEPA 2003 is amended as follows.
(1) Section 27 (UK-based earnings for year when employee non-UK...
Omit sections 31 to 37 (and the heading before section...
After section 41 insert— Chapter 5A Taxable specific income: effect...
Omit Chapter 6 of Part 2 (disputes as to domicile...
In section 225 (payments for restrictive undertakings), for subsections (6)...
In section 271(2) (limited exemption of removal benefits and expenses:...
In section 335(4) (application of deductions provisions), omit “, 21,...
(1) Section 370 (travel costs and expenses where duties performed...
(1) Section 371 (travel costs and expenses where duties performed...
(1) Section 378 (deduction from seafarer's earnings: eligibility) is amended...
(1) Section 6 (nature of charge to tax on employment...
(1) Section 413 (exception in certain cases of foreign service)...
In section 421E(1) (income relating to securities: exclusions), for the...
In section 446N (securities subject to restriction during relevant period),...
In section 474(1) (securities options: exclusions), for the words from...
In section 540(2) (EMI: taxable benefits), for the words from...
In section 690 (PAYE: employee non-UK resident etc), after subsection...
In section 698 (PAYE: special charges on employment-related securities), after...
In section 700 (PAYE: gains from securities options), after subsection...
After that section insert— Employment-related securities etc: remittance basis (1) This section applies if— (a) section 698 or 700...
In section 721(1) (other definitions), for the definition of “foreign...
(1) Section 10 (meaning of “taxable earnings” etc) is amended...
In Schedule 1 (index of defined expressions), omit the entries...
In paragraph 8 of Schedule 2 (approved share incentive plans:...
In paragraph 6(2) of Schedule 3 (approved SAYE option schemes:...
In paragraph 27(2) of Schedule 5 (enterprise management incentives: meaning...
In Schedule 7 (transitionals and savings), omit paragraphs 9 to...
In section 575 of ITEPA 2003 (foreign pensions: taxable pension...
ITTOIA 2005 is amended as follows.
In section 260(1) (overview of Part 3)—
In section 269 (territorial scope of charge to tax), omit...
Omit Chapter 11 of Part 3 (overseas property income).
(1) Section 13 (person liable to tax) is amended as...
In section 829 (overview of Part 8), for paragraph (a)...
(1) Section 830 (meaning of “relevant foreign income”) is amended...
Omit section 831 (claims for relevant foreign income to be...
For section 832 substitute— Relevant foreign income charged on remittance...
Omit sections 833 to 837.
TCGA 1992 is amended as follows.
(1) Section 3 (annual exempt amount) is amended as follows....
In section 3A (reporting limits), after subsection (5) insert—
In section 9 (residence etc), omit subsection (2).
In section 10A (temporary non-residents), after subsection (9) insert—
For the heading of Chapter 4 of Part 2 substitute...
For section 12 substitute— Non-UK domiciled individuals to whom remittance...
In section 16 (computation of losses), omit subsection (4).
After that section insert— Losses: non-UK domiciled individuals (1) In this section “the relevant tax year”, in relation...
In section 119A (increase in expenditure by reference to tax...
After that section insert— Section 119A: unremitted foreign securities income...
In section 33(2A) of TMA 1970 (error or mistake)—
ITTOIA 2005 is amended as follows.
In section 839 (annual payments payable out of relevant foreign...
In section 840 (relief for backdated pensions charged on arising...
After that section insert— Claims under section 840 (1) A claim under section 840 must be made on...
In section 14(1) (taxable earnings under Chapter 4: introduction), for...
(1) Section 857 (partners to whom the remittance basis may...
In section 878 (definitions), omit subsection (2).
In Schedule 2 (transitional provision etc), omit paragraphs 150 and...
In Part 2 of Schedule 4 (index of defined expressions),...
ITA 2007 is amended as follows.
In section 2(14) (overview of Act), before paragraph (a) insert—...
In section 34 (personal allowances etc: introduction), after subsection (2)...
In section 42 (tax reductions for married couples etc: introduction),...
In section 460 (residence etc of claimants for relief for...
In consequence of the amendments made by this Part of...
For the heading before section 15 substitute “ UK resident...
The amendments made by paragraphs 3(3), 4(3), 5(2), 22, 31...
The other amendments made by this Part of this Schedule...
(1) This paragraph applies in relation to an individual's general...
(1) This paragraph applies to an individual's relevant foreign income...
(1) This paragraph applies if section 12 of TCGA 1992...
(1) In section 809E(3)(b) of ITA 2007, the reference to...
(1) Section 809L of ITA 2007 (meaning of “remitted to...
Section 809N of ITA 2007 (section 809L: gift recipients, qualifying...
Section 809O of ITA 2007 (section 809L: dealings where there...
Sections 809Q to 809S of ITA 2007 (transfers from mixed...
(1) Section 15 (earnings for year when employee resident, ordinarily...
(1) This paragraph applies if— (a) before 12 March 2008,...
(1) This paragraph applies in relation to employment-related securities if—...
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
In section 734 of ITA 2007 (reduction in amount charged:...
The amendments made by paragraphs 92 to 97 have effect...
Paragraphs 120 and 121 apply in relation to offshore income...
Rates of research and development relief and vaccine research relief
(1) Part 2 of Schedule 20 to FA 2000 (giving...
(1) In Schedule 12 to FA 2002 (tax relief for...
(1) Schedule 13 to FA 2002 (vaccine research relief) is...
Companies in difficulty: SME R&D relief and vaccine research relief
(1) Schedule 20 to FA 2000 (tax relief for expenditure...
(1) Schedule 13 to FA 2002 (tax relief for expenditure...
The amendments made by this Schedule have effect in relation...
Cap on R&D aid
For the purposes of section 29, “total R&D aid”, in...
In Schedule 13 to FA 2002 (tax relief for expenditure...
(1) In paragraph 1 “the tax credits” means the aggregate...
In paragraph 1 “the actual reduction in tax liability” means...
(1) In paragraph 1 “the potential relief” means the aggregate...
(1) In paragraph 1 “the notional relief” is the aggregate...
In this Schedule “R&D relief” means any relief or tax...
For the purpose of any calculation in accordance with paragraph...
In Schedule 20 to FA 2000 (tax relief for expenditure...
In Schedule 12 to FA 2002 (tax relief for expenditure...
Venture capital schemes
Part 3 of Schedule 15 to FA 2000 (CVS: the...
The amendments made by this Schedule are treated as having...
But the amendments made by paragraphs 2, 3, 5 and...
And the amendments made by paragraphs 8 and 9 do...
For the purposes of paragraph 12(b) “protected money” is—
In paragraph 26 (excluded activities)— (a) in sub-paragraph (1), after...
After paragraph 30 insert— Excluded activities: shipbuilding In paragraph 26(1)(ha) “shipbuilding” has the same meaning as in...
Chapter 4 of Part 5 of ITA 2007 (EIS: the...
In section 192 (meaning of “excluded activities”)—
After section 196 insert— Excluded activities: shipbuilding In section 192(1)(ia) “shipbuilding” has the same meaning as in...
Chapter 4 of Part 6 of ITA 2007 (VCTs: qualifying...
In section 303 (meaning of “excluded activities”)—
After section 307 insert— Excluded activities: shipbuilding In section 303(1)(ia) “shipbuilding” has the same meaning as in...
Chapter 3 of Part 4 of ITTOIA 2005 (dividends etc...
In section 9(1)(b) (self-assessment of amount payable by way of...
In section 12AA(1A)(b) (partnership return: amount payable by way of...
In section 12AB(5) (partnership statement), in the definition of “tax...
In section 59A(8)(b) (payments on account of income tax), after...
In section 59B(2)(b) (payment of income tax), after “397(1)” insert...
In section 824(4A)(b) of ICTA (repayment supplements: individuals and others),...
In section 171(2B) of FA 1993 (Lloyd's underwriters etc :...
ITTOIA 2005 is amended as follows.
In section 403(1) (dividends from non-UK resident companies: income charged),...
In section 406 (dividends of non-UK resident companies: later charge...
In the heading of the Chapter, for “etc.”, in the...
In section 407 (dividends of non-UK resident companies: dividend payment...
In section 408 (reduction in tax due in cases within...
In section 688(1) (income not otherwise charged), omit “full”.
ITA 2007 is amended as follows.
In section 425(5) (gift aid: deductions when calculating total amount...
In section 504(4)(b) (provisions that do not apply to income...
(1) Section 567 (meaning of “overseas securities” etc ) is...
(1) Section 592 (no tax credits for borrower under stock...
(1) Section 593 (no tax credits for interim holder under...
(1) Section 594 (no tax credits for original owner under...
In the heading of section 397, after “ distributions ”...
(1) Section 595 (meaning of “manufactured dividend”) is amended as...
In section 989 (definitions), in the definition of “tax credit”,...
After section 397 insert— Tax credits for distributions of non-UK...
In section 398(1) (increase in amount or value of dividends...
In section 399(1) (qualifying distributions received by persons not entitled...
TMA 1970 is amended as follows.
In section 8(1AA)(b) (personal return: amount payable by way of...
In section 8A(1AA)(b) (trustee's return: amount payable by way of...
(1) In this Schedule— “investment life insurance contract” means— a...
(1) If a relevant company is a party to an...
(1) This paragraph applies where— (a) by virtue of paragraph...
(1) Where the relevant company brings into account credits and...
This Schedule has effect for accounting periods beginning on or...
(1) Where the relevant company was a party to an...
(1) This paragraph applies where— (a) the relevant company was...
(1) This paragraph applies where— (a) the relevant company was...
Company gains from investment life insurance contracts: consequential amendments etc
ICTA is amended as follows.
ITTOIA 2005 is amended as follows.
In section 467(5) (persons liable: UK resident trustees), for paragraph...
In section 469(2) (two or more persons interested in policy...
Omit section 486 (exclusion of maturity of capital redemption policies...
In section 501 (part surrenders: loans)— (a) in subsection (1),...
In section 541B(7) (section 541A: further definitions), omit paragraph (b)...
In Schedule 1 (consequential amendments), omit paragraphs 210 to 221...
Omit— (a) in FA 1989, section 90 and Schedule 9,...
(1) The amendments made by this Schedule—
(1) Subsection (1C) of section 437 (general annuity business: income...
Omit sections 539 to 551A (corporation tax in respect of...
(1) Section 552 (information: duty of insurers) is amended as...
In section 552ZA(3) (information: supplementary provisions), omit “section 546C(7)(a) of...
In section 552A(12) (tax representatives)— (a) omit “this Chapter and”...
Omit sections 553 to 553C (further provisions about corporation tax...
Omit sections 656 to 658 (purchased life annuities).
In paragraph 20 of Schedule 15 (qualifying policies)—
ITTOIA 2005 is amended as follows.
(1) Paragraph 8 or 9 does not apply if the...
After section 172 insert— Chapter 11A Trade profits: changes in...
In the heading of Chapter 12 of Part 2, insert...
In Schedule 4, in the table in Part 2, after...
(1) This Part applies for the purposes of corporation tax....
(1) This paragraph applies if trading stock of a person's...
(1) This paragraph applies if something that—
(1) This paragraph applies if— (a) trading stock of a...
(1) This paragraph applies if— (a) trading stock of a...
Non-residents: investment managers
In section 127 of FA 1995 (persons not treated as...
(1) Section 818 of ITA 2007 (the independent investment manager...
(1) The amendments made by paragraph 1 have effect in...
(1) In section 127 of FA 1995, for subsections (12)...
(1) In Schedule 26 of FA 2003 (non-resident companies: transactions...
ITA 2007 is amended as follows.
(1) Section 827 (meaning of “investment transaction”) is amended as...
(1) Section 1014(2) (orders and regulations under the Income Tax...
FA 2003 is amended as follows.
(1) Section 152 (non-resident companies: transactions carried out through broker,...
(1) Schedule 26 (non-resident companies: transactions through broker, investment manager...
(1) FA 1989 is amended as follows.
(1) In ICTA , in subsection (2) of section 431...
(1) In section 431(2) of ICTA (interpretative provisions about insurance...
(1) Schedule 26 to FA 2002 (derivative contracts) is amended...
In section 210A of TCGA 1992 (ring fencing of losses),...
In section 755A of ICTA (treatment of chargeable profits and...
The amendments made by paragraphs 13 and 14 have effect...
(1) In ICTA, after section 95 insert— Taxation of UK...
(1) Section 432A of ICTA (apportionment of income and gains)...
(1) In section 431 of ICTA (interpretative provisions relating to...
(1) Chapter 1 of Part 12 of ICTA (insurance companies)...
In ICTA , for section 444AE substitute— Transfers of business:...
In section 431A of ICTA (powers to amend), after subsection...
Schedule 17 para.21
(1) In section 434A(3) of ICTA (limitation on relief), after...
(1) Schedule 22 to FA 2001 (remediation of contaminated land)...
(1) In section 56 of ICTA (transactions in deposits and...
In section 12AE(2) of TMA 1970 (partnership returns: alternative methods...
(1) Section 431D of ICTA (meaning of “overseas life assurance...
(1) In section 476(3) of ITTOIA 2005 (foreign policies), omit—...
(1) . . . . . . . . ....
(1) In paragraph 4(1A) of Schedule 25 to ICTA (controlled...
In consequence of paragraphs 1 and 2, omit—
. . . . . . . . . ....
(1) In section 444AB(6) of ICTA (transfer schemes transferring whole...
Schedule 17 para.32
Schedule 17 para.33
In section 431(2) of ICTA, in the definition of “periodical...
(1) In ICTA, omit section 737D (power to provide that...
In paragraph 12 of Schedule 12 to FA 2002 (insurance...
(1) In section 89(7) of FA 1989 (policy holders' share...
(1) Paragraph 17 of Schedule 9 to FA 2007 (transfers:...
(1) In article 1(5) of the Insurance Business Transfer Schemes...
(1) The amendments made by paragraphs 1 to 3 have...
(1) In section 436A(6) of ICTA (gross roll-up business: separate...
In section 88(5) of FA 1989 (policy holders' share of...
Schedule 17 para.5
(1) Section 85 of FA 1989 (charge of certain receipts...
In section 83XA of FA 1989 (structural assets), omit—
(1) In section 431(2) of ICTA (interpretative provisions relating to...
(1) and, in sub-paragraph (4), after “(2)” insert “ ,...
Chapter 2 of Part 12 of ICTA (friendly societies etc)...
(1) In section 466(1) (“life or endowment business”), for paragraph...
(1) After section 461C insert— Transfers of other business (1) Where— (a) at any time a friendly society (“the...
In subsection (1) of section 463 (application of Corporation Tax...
(1) Omit— (a) section 462(3) and (4) (tax exempt business:...
(1) A charity is entitled to be paid an amount...
(1) The amount of gift aid supplement that a charity...
(1) The “notional basic rate” for a transitional tax year...
(1) This paragraph applies if an officer of Revenue and...
Gift aid supplement is not— (a) income for the purposes...
Any expenditure incurred by the Commissioners under this Schedule is...
In this Schedule— “charity” has the same meaning as in...
In section 25 of FA 1990 (donations to charities by...
In section 521 of ITA 2007 (gifts entitling donor to...
Leases of plant or machinery
(1) In Chapter 6 of Part 17 of ICTA (tax...
(1) Chapter 10A of Part 2 of ITTOIA 2005 (corresponding...
(1) If, at the beginning of 13 December 2007 (“the...
(1) Chapter 17 of Part 2 of CAA 2001 (plant...
(1) Section 228B of CAA 2001 (S's income or profits:...
(1) In ITA 2007, after section 809 insert— Chapter 6...
In section 785A of ICTA (rent factoring of leases of...
(1) Section 61 of CAA 2001 (disposal events and disposal...
(1) Section 25A of TCGA 1992 (long funding leases of...
(1) Part 2 of CAA 2001 (plant and machinery allowances)...
(1) In section 70I of CAA 2001 (meaning of “short...
(1) In section 70H of CAA 2001 (lessee: requirement for...
(1) Chapter 5A of Part 12 of ICTA (special rules...
ITA 2007 is amended as follows.
After section 74 insert— General restrictions on sideways relief and...
In section 32 (liability not dealt with in the calculation),...
In section 64(8) (deduction of trade losses from general income),...
In section 72(5) (early trade loss relief)—
(1) Section 74A of ITA, and the other provisions inserted...
(1) Section 74B of ITA, and the other provisions inserted...
Avoidance involving financial arrangements
(1) Section 785A of ICTA (rent factoring of leases of...
(1) Section 91A of FA 1996 (shares treated as loan...
(1) Section 91C of FA 1996 (shares treated as loan...
The amendments made by paragraphs 10 and 11 have effect...
(1) In section 91B(5)(a) of FA 1996 (debits and credits...
(1) In section 91C(3) of FA 1996 (assets which are...
(1) In section 91D(2) of FA 1996 (shares treated as...
(1) Section 91E of FA 1996 (shares treated as loan...
(1) In FA 1996, after section 91G insert— Partnerships Payments...
(1) In FA 1996, after section 94A insert— Loan relationships...
(1) In section 103 of FA 1996 (interpretation of Chapter...
(1) In section 807A of ICTA (disposals and acquisitions of...
(1) Schedule 26 to FA 2002 (derivative contracts) is amended...
(1) Section 384 of ITA 2007 (general restrictions on relief...
(1) In paragraph 1 of Schedule 9 to FA 1996...
(1) In Schedule 9 to FA 1996 (loan relationships: special...
(1) In paragraph 12 of Schedule 9 to FA 1996...
(1) In FA 1996, in— (a) section 91A(2)(b) (distributions in...
(1) Section 91A of FA 1996 (shares treated as loan...
(1) Section 91B of FA 1996 (shares treated as loan...
The amendments made by paragraphs 7 and 8 have effect...
Manufactured payments: anti-avoidance
Chapter 2 of Part 11 of ITA 2007 (manufactured payments)...
In section 583 (manufactured payments exceeding underlying payments), insert at...
(1) Section 263D of TCGA 1992 (gains accruing to persons...
In ITA 2007, omit paragraph 335(5) of Schedule 1 (which...
After section 572 insert— Meaning of “avoidance arrangements” (1) In this Chapter “ avoidance arrangements ” means any...
In section 573(4) (manufactured dividends on UK shares: Income Tax...
(1) Section 574 (allowable deductions for manufactured dividends on UK...
Omit section 575 (allowable deductions for manufactured dividends on UK...
In section 578(3) (manufactured interest on UK securities: Income Tax...
(1) Section 579 (allowable deductions for manufactured interest on UK...
Omit section 580 (allowable deductions for manufactured interest on UK...
After section 581 insert— Avoidance arrangements (1) A manufactured overseas dividend is not deductible if it...
CAA 2001 is amended as follows.
(1) Section 236 (additional VAT liability generates first-year allowance) is...
In section 237(1) (exceptions to section 236), after “liability is...
(1) Section 241 (no first-year allowance in respect of additional...
In section 263(3) (qualifying activities carried on in partnership), after...
In section 265(4) (successions: general), after “to” insert “ an...
In Part 2 of Schedule 1 (index of defined expressions),...
ICTA is amended as follows.
In section 395(1)(c) (leasing contracts and company reconstructions), after “for...
In paragraph 1(6)(b)(i) of Schedule 18 (group relief), before “a...
(1) Schedule 22 to FA 2000 (tonnage tax) is amended...
In Part 2, after Chapter 3 insert— Chapter 3A AIA...
ITA 2007 is amended as follows.
In section 76 (first-year allowances)— (a) after “from” insert “...
In section 78 (arrangements to reduce tax liabilities)—
(1) This Schedule has effect in relation to expenditure incurred...
In Chapter 5 of Part 2 (allowances and charges), insert...
After section 52 insert— Prevention of double relief Prevention of...
In section 58 (allocation of qualifying expenditure to pools), after...
(1) Section 205 (reduction of first-year allowances) is amended as...
(1) Section 210 (reduction of first-year allowances) is amended as...
(1) Section 217 (restrictions on allowances) is amended as follows....
After section 218 insert— Further restriction on annual investment allowance...
CAA 2001 is amended as follows.
In section 2(3) (general means of giving effect to capital...
(1) Section 3 (claims for capital allowances) is amended as...
After section 262 insert— First-year tax credits First-year tax credits...
Before Schedule 1 insert— SCHEDULE A1 First-year tax credits Section...
In Part 1 of Schedule 1, insert at the appropriate...
(1) Section 826 of ICTA (interest on tax overpaid) is...
(1) Schedule 18 to FA 1998 (company tax returns, assessments...
The amendments made by this Schedule have effect in relation...
CAA 2001 is amended as follows.
For section 102 (6% writing-down allowance in respect of long-life...
Omit section 104 (disposal value of long-life assets).
In section 266(7) (certain provisions disapplied where election made under...
In Part 2 of Schedule 1 (index of defined expressions),...
(1) This Schedule has effect in relation to—
(1) This paragraph applies where, on or after the relevant...
(1) This paragraph applies where, on or after the relevant...
(1) Where this paragraph applies, for the purposes of making...
Expressions used in this Part of this Schedule and in...
After Chapter 10 insert— Chapter 10A Special rate expenditure Special...
In section 54(5) (the different kinds of pools), for “section...
In section 56(2) (amount of allowances and charges), for paragraph...
In section 65(1) (final chargeable period), for paragraph (b) substitute—...
In section 66 (list of provisions about disposal values), for...
In column 1 of the table in section 84 (cases...
Omit section 92 (application of Chapter 10 to part of...
For section 101 (long-life asset pool) substitute— Allocation of long-life...
CAA 2001 is amended as follows.
Omit section 540 (contribution allowances: agricultural buildings).
In section 542(1) (effect of transfers of trade on contribution...
In section 546 (introduction to Chapter 2 of Part 12),...
In section 564 (application of procedure in section 563)—
In section 567(1) (sales treated as for alternative amounts), omit...
In section 569 (election to treat sale as being for...
In section 570 (elections: supplementary), omit— (a) in subsection (1),...
In section 570A(1) (avoidance affecting proceeds of balancing event), omit...
In section 573(1) (transfers treated as sales), omit “3,” and...
(1) Part 2 of Schedule 1 (index of defined expressions)...
In section 1 (capital allowances), omit— (a) subsection (2)(b) and...
In Schedule 3 (transitional provision and savings), omit—
In section 495 of ICTA (regional development grants), omit—
In Schedule 22 (tonnage tax), omit paragraphs 84 and 86....
(1) FA 2001 is amended as follows.
In Schedule 10 to the Proceeds of Crime Act 2002...
In Schedule 4 to the Energy Act 2004 (tax exemption...
In Schedule 1 to ITTOIA 2005 (consequential amendments), omit paragraphs...
(1) ITA 2007 is amended as follows.
In FA 2007, omit section 36 (industrial and agricultural buildings...
In FA 2008, omit— (a) section 85 (phasing out of...
In section 2(3) (general means of giving effect to capital...
(1) Subject to sub-paragraph (2), this Part of this Schedule...
(1) Sub-paragraph (2) applies if— (a) an initial allowance or...
(1) Sub-paragraph (2) applies if— (a) an initial allowance has...
Despite the repeal of Part 3 of CAA 2001 by...
Despite the repeal of Part 3 of CAA 2001 by...
This Part of this Schedule has effect in relation to...
In section 3 (claims for capital allowances), omit subsections (4)(b)...
(1) Section 186 (fixture on which an industrial buildings allowance...
In section 443(3) (disposal values and disposal events), omit “or...
In section 448(3) (additional VAT rebate generates disposal value), omit...
In section 537 (contribution allowances), omit “, 3, 4” in—...
Omit section 539 (contribution allowances: industrial buildings).
Part 4 of FA 2004 (pension schemes etc) is amended...
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
(1) The amendments made by paragraph 2 have effect in...
(1) Section 172 (assignment) is amended as follows.
(1) Section 172A (surrender) is amended as follows.
(1) Section 172B (increase in rights of connected person on...
In paragraph 16(2) of Schedule 28 (dependants' scheme pension), after...
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
. . . . . . . . . ....
Further provision about pension schemes
(1) Part 4 of FA 2004 (pension schemes etc) is...
In paragraph 13 (benefit crystallisation event 3: meaning of XP),...
In consequence of the amendment made by paragraph 7(3), in...
(1) The amendments made by paragraphs 9(2) and (3) come...
(1) In paragraph 34 of Schedule 36 to FA 2004...
(1) FA 2004 is amended as follows.
In section 215(4)(a) of FA 2004 (amount of lifetime allowance...
In Schedule 34 to that Act (non-UK schemes: application of...
(1) This paragraph applies in relation to section 592 of...
(1) IHTA 1984 is amended as follows.
(1) Schedule 34 to FA 2004 (which applies certain charges...
(1) Schedule 28 to FA 2004 (authorised pensions etc )...
(1) In Schedule 29A to FA 2004 (taxable property etc),...
Part 4 of FA 2004 (pension schemes etc) is amended...
In the table in section 216(1) (benefit crystallisation events), in...
Schedule 32 (benefit crystallisation events: supplementary) is amended as follows....
(1) Paragraph 10 (benefit crystallisation event 3: excepted circumstances) is...
After that paragraph insert— Benefit crystallisation event 3: threshold annual...
(1) Paragraph 11 (benefit crystallisation event 3: permitted margin) is...
Part 4 of FA 2003 (stamp duty land tax) is...
Omit Part 3 of that Schedule (enquiry into self-certificate).
Accordingly, in the heading to Schedule 11, for “self-certificates” substitute...
In Schedule 15 (SDLT: partnerships), in paragraph 8(2), omit “or...
(1) In Schedule 16 (SDLT: trusts and powers), paragraph 6...
In Schedule 17A (SDLT: further provisions relating to leases), in...
In consequence of the preceding provisions of this Schedule, omit...
(1) Section 79 (registration of land transactions) is amended as...
In section 81B(1) (declaration by person authorised to act on...
(1) Section 103 (joint purchasers) is amended as follows.
(1) Section 122 (index of defined expressions) is amended as...
In Part 4 of Schedule 6 ( SDLT : disadvantaged...
In paragraph 36 of Schedule 10 (notice of appeal), in...
Omit Part 1 of Schedule 11 (SDLT: self-certificates).
(1) In Part 2 of that Schedule (duty to keep...
Stamp duty land tax: special provisions for property-investment partnerships
(1) Paragraph 14 of Schedule 15 to FA 2003 (transfer...
Omit section 72(14) of FA 2007 (saving relating to changes...
(1) This paragraph applies in the case of a transfer...
In paragraph 15(1) of that Schedule (exclusion of market rent...
In paragraph 16(2) of that Schedule (application of provisions about...
In paragraph 26(9) of that Schedule (application of disadvantaged areas...
In paragraph 10 of Schedule 15 to FA 2003 (transfer...
After paragraph 12 insert— Election by property-investment partnership to disapply...
In paragraph 18 of that Schedule (transfer of chargeable interest...
In paragraph 17A(1) of that Schedule (withdrawal of money etc...
In paragraph 26(8) of that Schedule (application of disadvantaged areas...
Part 3 of FA 1985 (stamp duty) is amended as...
(1) Schedule 13 (instruments chargeable to stamp duty and rates...
(1) Schedule 15 (stamp duty: bearer instruments) is amended as...
In section 129(1) of FA 1982 (exemption from duty on...
Part 3 of FA 1986 (stamp duty) is amended as...
(1) Section 67 (stamp duty on certain transfers to depositary...
(1) Section 70 (stamp duty on certain transfers to a...
Part 3 of FA 1987 (stamp duty and stamp duty...
In section 50(1) (warrants to purchase Government stock, etc), omit...
In section 55(1) (Crown exemption), omit “, or paragraph 16”....
In section 108(1) of FA 1990 (abolition of stamp duty...
In section 83 (transfers in connection with divorce, dissolution of...
In Schedule 14 to FA 1999, omit paragraphs 10(b), 11(b),...
In Schedule 40 to FA 2003, omit paragraph 2(b).
(1) The following provisions of this Schedule do not have...
If a day is appointed under section 111 of FA...
In section 84 (death: varying dispositions, and appropriations)—
Part 3 of FA 1986 (stamp duty) is amended as...
In section 66 (company's purchase of own shares), omit subsection...
In section 67(9) (transfer of securities between depositary receipt systems),...
In section 70(9) (transfer of securities between clearance systems), for...
In section 72A(1) (transfer of securities between depositary receipt system...
FA 1999 is amended as follows.
PRT : elections for oil fields to become non-taxable
This is Schedule 20A to be inserted before Schedule 21...
In section 6 of OTA 1975 (allowances of unrelievable loss...
In Schedule 17 to FA 1980 (transfers of interests in...
In section 9 of the Oil Taxation Act 1983 (c....
In section 393A of ICTA (losses: set off against profits),...
CAA 2001 is amended as follows.
In section 26 (demolition costs), in subsection (5), for “abandonment...
In section 57 (available qualifying expenditure), in the entry in...
(1) Section 164 (abandonment expenditure incurred before cessation of ring...
(1) Section 165 (abandonment expenditure within 3 years of ceasing...
In section 87A of TMA 1970 (interest on overdue corporation...
(1) Schedule 20 to FA 2000 (tax relief for expenditure...
ICTA is amended as follows.
In section 343 (company reconstructions without change of ownership), in...
In section 393 (losses other than terminal losses), in subsection...
In section 393A (losses: set off against profits of the...
In section 768A (change in ownership: disallowance of carry back...
In section 826 (interest on tax overpaid), in subsection (7A)(b),...
(1) Schedule 19B (petroleum extraction activities: exploration expenditure supplement) is...
(1) Schedule 19C (petroleum extraction activities: ring fence expenditure supplement)...
(1) An officer of Revenue and Customs may by notice...
(1) An officer of Revenue and Customs may enter a...
(1) An officer of Revenue and Customs may enter business...
(1) This paragraph applies where an officer of Revenue and...
(1) An inspection under paragraph 10, 10A or 11 may...
(1) An officer of Revenue and Customs may enter and...
(1) An inspection under paragraph 12A may be carried out...
(1) An officer of Revenue and Customs may ask the...
This Part of this Schedule has effect subject to Parts...
Where a document (or a copy of a document) is...
(1) Where a document is produced to, or inspected by,...
The powers under Part 2 of this Schedule include—
An information notice only requires a person to produce a...
(1) An information notice does not require a person to...
(1) An officer of Revenue and Customs may by notice...
An information notice may not require a person to produce...
(1) Where a person has made a tax return in...
(1) Where a person has delivered a land transaction return...
(1) Where a person has delivered, for a chargeable period...
(1) For the purposes of paragraph 21 any reference to...
An information notice given for the purpose of checking the...
(1) An information notice does not require a person—
(1) An information notice does not require a person who...
(1) An information notice does not require a tax adviser—...
(1) Paragraphs 24(1) and 25(1) do not have effect in...
(1) This paragraph applies where paragraph 24(1) or 25(1) is...
An officer of Revenue and Customs may not inspect a...
(1) Where a taxpayer is given a taxpayer notice, the...
(1) An officer of Revenue and Customs may not give...
(1) Where a person is given a third party notice,...
Where a person is given a notice under paragraph 5...
(1) Notice of an appeal under this Part of this...
This Part of this Schedule has effect subject to Part...
(1) This paragraph applies to a taxpayer notice or third...
. . . . . . . . . ....
(1) This paragraph applies to a third party notice or...
In paragraph 34B— “employer-financed retirement benefits scheme” has the same...
(1) This paragraph applies where an undertaking is a parent...
(1) Sub-paragraph (2) applies where it appears to the Commissioners...
(1) This paragraph applies where a business is carried on...
(1) This paragraph applies to a taxpayer notice given to...
(1) This paragraph applies to a taxpayer notice given to...
(1) This paragraph applies to an information notice given to...
This Schedule (other than Part 8) applies to the Crown,...
(1) This paragraph applies to a person who—
(1) An officer of Revenue and Customs who gives a...
(1) This paragraph applies if the failure or obstruction mentioned...
(1) This paragraph applies if— (a) in complying with an...
(1) If it appears to the Treasury that there has...
(1) A person must not conceal, destroy or otherwise dispose...
(1) A person must not conceal, destroy or otherwise dispose...
A failure by a person to do anything required to...
(1) Liability to a penalty under paragraph 39 or 40...
(1) Where a person becomes liable for a penalty under...
(1) A person may appeal ... against any of the...
(1) Notice of an appeal under paragraph 47 must be...
(1) A penalty under paragraph 39 , 40 or 40A...
(1) This paragraph applies if— (a) a penalty under paragraph...
(1) If the tribunal makes a determination under paragraph 49A,...
(1) A penalty under paragraph 49A must be paid before...
(1) An officer of Revenue and Customs may by notice...
(1) An authorised officer of Revenue and Customs may by...
(1) This paragraph applies where— (a) a person becomes liable...
(1) A penalty under paragraph 50 must be paid before...
(1) This paragraph applies if— (a) a person (“P”) is...
(1) A person who breaches a requirement imposed under paragraph...
(1) A person may appeal a decision of an officer...
A person is not liable to a penalty under this...
(1) A person is guilty of an offence (subject to...
(1) A person is also guilty of an offence (subject...
A person who is guilty of an offence under this...
Subject to the provisions of this Schedule, the following provisions...
(1) Regulations made by the Commissioners or the Treasury under...
In this Schedule— “checking” includes carrying out an investigation or...
A reference in a provision of this Schedule to an...
(1) An authorised officer of Revenue and Customs may by...
(1) In this Schedule, “information notice” means a notice under...
(1) In this Schedule (subject to regulations under this paragraph),...
In this Schedule “chargeable period” means— (a) in relation to...
(1) In this Schedule “ involved third party ” means...
(1) In this Schedule “ financial institution ” means—
(1) For the purposes of this Schedule, information or a...
(1) In this Schedule, except where the context otherwise requires,...
(1) In this Schedule a reference to collecting a tax...
Where this Schedule applies for the purpose of collecting a...
(1) In this Schedule, except as otherwise provided, “tax position”,...
TMA 1970 is amended as follows.
Omit section 19A (power to call for documents for purposes...
Omit section 20 (power to call for documents of taxpayer...
(1) Section 20B (restrictions on powers to call for documents...
(1) Section 20BB (falsification etc. of documents) is amended as...
(1) Where a person is required by an information notice...
(1) Section 20D (interpretation) is amended as follows.
In section 29(6)(c) (assessment where loss of tax discovered), omit...
Omit section 97AA (failure to produce documents under section 19A)....
In section 98 (penalties), in the Table—
. . . . . . . . . ....
(1) Section 107A (relevant trustees) is amended as follows.
In section 118 (interpretation), in the definition of “tax”, omit...
In Schedule 1A (claims etc. not included in returns), omit...
In section 12(3) (secrecy), for the words from “and of...
ICTA is amended as follows.
(1) Where an information notice requires a person to produce...
. . . . . . . . . ....
Omit section 767C (change in company ownership: information).
. . . . . . . . . ....
In section 125 of FA 1990 (information for tax authorities...
In section 110ZA of the Social Security Administration Act 1992...
In section 104ZA of the Social Security Administration (Northern Ireland)...
Omit section 28(1) to (3) (powers of inspection).
(1) Schedule 11 to VATA 1994 is amended as follows....
In Schedule 18 to FA 1998 (company tax returns), omit...
In section 13(5) (gold), omit paragraph (c).
This Part of this Schedule has effect subject to Parts...
In section 25 of the Tax Credits Act 2002 (payments...
Omit section 174 of FA 2006 (international tax enforcement arrangements:...
In consequence of the preceding provisions of this Part of...
Record-keeping
TMA 1970 is amended as follows.
In section 13(6) of FA 1999 (VAT and gold)—
In consequence of the amendments made by paragraph 2 omit—...
(1) Section 12B (records to be kept for purposes of...
(1) Paragraph 2A of Schedule 1A (records to be kept...
Schedule 11 to VATA 1994 (administration, collection and enforcement) is...
(1) Paragraph 6 (duty to keep records) is amended as...
In paragraph 6A(7) (application of provisions of paragraph 6 where...
Schedule 18 to FA 1998 (company tax returns) is amended...
(1) Paragraph 21 (duty to keep and preserve records) is...
(1) Paragraph 22 (preservation of information instead of original records)...
Part 7 of FA 2004 (disclosure of tax avoidance schemes)...
(1) Section 308 (duties of promoter) is amended as follows....
In section 311(1) (arrangements to be given reference number)—
For section 312 substitute— Duty of promoter to notify client...
(1) Section 313 (duty of parties to notifiable arrangements to...
For section 316 substitute— Information to be provided in form...
(1) Section 98C of TMA 1970 (penalties for failure to...
TMA 1970 is amended as follows.
In section 37A (effect of assessment where allowances transferred), for...
(1) Section 40 (assessment on personal representatives) is amended as...
In section 43(1) (time limit for making claims), for “five...
In section 43A(1)(b) (further assessments: claims etc), for the words...
In section 43C(1)(b) (consequential claims etc), for “attributable to fraudulent...
In section 118 (interpretation) insert at the end—
ICTA is amended as follows.
In section 36(2)(b) (claims for repayment of tax on sale...
In section 257AB(9) (elections in respect of married couple's allowance...
In section 257BB(5)(a) (notices in respect of transfer of relief...
In section 28C(5)(a) (time limit for determination of tax where...
In section 265(5) (notices in respect of transfer of blind...
In section 270(4) (claims for repayment of excess paid on...
In section 419(4) (claims for relief from tax where loan...
In section 500(4) and (9) (additional assessment to corporation tax...
In section 806(1) (time limit for claims for allowance under...
In section 806G(3)(a) (claims for the purposes of utilisation of...
In section 806M(7)(a) (claims for the purpose of carry forward...
In section 65(6) of FA 1991 (additional assessment to corporation...
TCGA 1992 is amended as follows.
In section 203(2) (claims in respect of certain capital losses),...
In section 29(4) (assessment where loss of tax discovered), for...
In section 253(4A) (claims for relief for loans to traders)—...
In section 279(5) (claims in respect of delayed remittance of...
VATA 1994 is amended as follows.
In section 33A(4) (refunds of VAT to museums and galleries),...
(1) Section 77 (assessments: time limits and supplementary assessments) is...
In section 78(11) (interest in certain cases of official error),...
In section 80(4) (credit for, or repayment of, overstated or...
Schedule 18 to FA 1998 (company tax returns) is amended...
In paragraph 36(5) (determination of tax payable if no return...
In paragraph 37(4) (determination of tax payable if notice complied...
In section 30B(5) (amendment of partnership statement where loss of...
In paragraph 40(3) (time limit for self-assessment superseding determination), for...
(1) Paragraph 43 (fraudulent or negligent conduct) is amended as...
(1) Paragraph 46 (general time limits for assessments) is amended...
In paragraph 51(1)(c) (relief in case of mistake in return),...
(1) Paragraph 53 (time limit for recovery of excessive payments...
In paragraph 55 (general time limit for making claims), for...
In paragraph 61(2) (consequential claims etc arising out of certain...
(1) Paragraph 65 (consequential claims) is amended as follows.
In paragraph 27 of Schedule 16 (withdrawal or reduction of...
In section 711(2) (notice requiring officer of Revenue and Customs...
In section 33(1) (claim for error or mistake), for “not...
ITTOIA 2005 is amended as follows.
In section 301(3) (claims for repayment of tax payable in...
In section 302(3) (claims for repayment of tax payable in...
In section 840A(1) (claims for relief for backdated pensions charged...
ITA 2007 is amended as follows.
In section 40(1)(a) (election for transfer of blind person's allowance),...
In section 46(6)(b) (marriages and civil partnerships on or after...
In section 53(4)(a) (notice in respect of transfer of unused...
In section 155 (claim for loss relief against miscellaneous income),...
(1) Section 237 (EIS relief: time limits for assessments) is...
In section 33A(2) (error or mistake in partnership return), for...
In section 372 (withdrawal or reduction of community investment tax...
In section 668(7) (claim for relief for unremittable transfer proceeds),...
In section 669(4) (claim for relief for unremittable transfer proceeds:...
In section 178(3) of FA 1993 (stop-loss and quota share...
In section 225(3)(b) of FA 1994 (stop-loss and quota share...
In consequence of the preceding provisions of this Schedule, omit—...
The amendments of sections 33, 34 and 36 of TMA...
(1) Section 34 (ordinary time limit for assessments) is amended...
In section 35 (time limit: income received after year for...
(1) Section 36 (fraudulent or negligent conduct) is amended as...
Penalties: amendments of Schedule 24 to FA 2007
Schedule 24 to FA 2007 (penalties for errors) is amended...
In paragraph 11(1) (special reduction), after “1” insert “ ,...
(1) Paragraph 12 (interaction with other penalties) is amended as...
(1) Paragraph 13 (assessment) is amended as follows.
In paragraph 15 (right of appeal)— (a) for “P may”...
For paragraph 16 substitute— (1) An appeal is to be brought to the First-tier...
In paragraph 18(3) (agency), after “penalty” insert “ under paragraph...
(1) Paragraph 19 (companies: officers' liability) is amended as follows....
In paragraph 21 (double jeopardy)— (a) for “P is” substitute...
In paragraph 22 (interpretation: introduction), for “26” substitute “ 27...
After paragraph 23 insert— “Tax”, without more, includes duty.
(1) Paragraph 1 (error in taxpayer's document) is amended as...
(1) Paragraph 28 (interpretation) is amended as follows.
In consequence of this Schedule the following provisions are omitted—...
After that paragraph insert— Error in taxpayer's document attributable to...
(1) Paragraph 2 (under-assessment by HMRC) is amended as follows....
(1) Paragraph 3 (degrees of culpability) is amended as follows...
In paragraph 4 (standard amount), after sub-paragraph (1) insert—
In paragraph 5(1) (potential lost revenue: normal rule), after “document”...
(1) Paragraph 6 (potential lost revenue: multiple errors) is amended...
(1) Paragraph 9 (reductions for disclosure) is amended as follows....
A penalty is payable by a person (P) where P...
In the case of acquiring possession of, or being concerned...
(1) In calculating potential lost revenue in respect of a...
(1) Paragraph 13 provides for reductions in penalties—
(1) If a person who would otherwise be liable to...
(1) If a person who would otherwise be liable to...
(1) If HMRC think it right because of special circumstances,...
(1) The amount of a penalty for which P is...
(1) Where P becomes liable for a penalty under any...
(1) P may appeal against a decision of HMRC that...
(1) An appeal shall be treated in the same way...
(1) On an appeal under paragraph 17(1) the tribunal may...
(1) A penalty is payable by a person (P) where...
(1) Liability to a penalty under any of paragraphs 1,...
(1) In paragraph 1 the reference to a failure by...
(1) Where a penalty under any of paragraphs 1, 2,...
P is not liable to a penalty under any of...
(1) This paragraph applies for the construction of this Schedule...
In consequence of this Schedule the following provisions are omitted—...
(1) A penalty is payable by a person (“P”) where...
A penalty is payable by a person (“P”) where P...
(1) A penalty is payable by a person (P) where—...
(1) A failure by P to comply with a relevant...
(1) This paragraph sets out the penalty payable under paragraph...
(1) A failure is in category 1 if—
(1) This paragraph makes provision in relation to offshore transfers....
Regulations under paragraph 21B of Schedule 24 to FA 2007...
The penalty payable under any of paragraphs 2, 3(1) and...
The penalty payable under paragraph 3(2) is 100% of the...
(1) The penalty payable under paragraph 3A is—
Paragraphs 7 to 11 define “potential lost revenue”.
(1) “The potential lost revenue” in respect of a failure...
In the case of the making of an unauthorised issue...
In the case of— (a) the doing of an act...
In the case of the doing of an act which...
Alcoholic liquor duties: decisions subject to review and appeal
Schedule 5 to FA 1994 (customs and excise decisions subject...
(1) Sub-paragraph (1) of paragraph 3 (decisions under or for...
(1) Sub-paragraph (2) of paragraph 3 (decisions under regulations under...
After sub-paragraph (2) of paragraph 3 insert—
(1) Sub-paragraph (3) of paragraph 3 (decisions under section 55,...
After sub-paragraph (3) of paragraph 3 insert—
After paragraph 9 insert— The Finance Act 1995 Any decision by the Commissioners— (a) on a claim under...
(1) Section 61 of TMA 1970 (distraint by collection) is...
(1) Schedule 12 of the Tribunals, Courts and Enforcement Act...
In consequence of the preceding provisions of this Schedule, omit—...
In TMA 1970 omit— (a) section 63 (recovery of tax...
(1) In section 1 (time to pay directions)—
In the Social Security Administration Act 1992, omit section 121B...
In FA 1997, omit section 52 (recovery of relevant tax...
In Schedule 12 to FA 2003 (stamp duty land tax:...
In the Social Security Administration Act 1992, omit section 121A...
(1) FA 1994 is amended as follows.
In VATA 1994, omit section 67A (breach of controlled goods...
In Schedule 5 to FA 1996 (landfill tax), omit paragraph...
In section 51 of FA 1997 (enforcement by distress), omit...
In Schedule 6 to FA 2000 (climate change levy), omit...
In Schedule 5 to FA 2001 (aggregates levy: recovery and...
In Schedule 12 to FA 2003 (stamp duty land tax:...
Certificates of debt: consequential provision
In section 70 of TMA 1970 (evidence), omit subsections (1)...
In Schedule 12 to FA 2003 (stamp duty land tax:...
In consequence of the preceding provisions of this Schedule, omit—...
In the table in paragraph 2(1) of Schedule 2 to...
In section 254 of IHTA 1984 (evidence), omit subsection (2)....
In section 118 of the Social Security Administration Act 1992...
In Schedule 7 to FA 1994 (insurance premium tax), in...
In Schedule 11 to VATA 1994 (administration, collection and enforcement...
In Schedule 5 to FA 1996 (landfill tax), in paragraph...
In Schedule 6 to FA 2000 (climate change levy), in...
In Schedule 7 to FA 2001 (aggregates levy: information and...
Vehicle excise duty: offence of using or keeping unlicensed vehicle
VERA 1994 is amended as follows.
(1) Section 29 (offence of using or keeping unlicensed vehicle)...
In section 30(2) (additional penalty for keeper of unlicensed vehicle),...
Schedule 2A (immobilisation, removal and disposal of vehicles) is amended...
(1) Paragraph 1 (immobilisation) is amended as follows.
In paragraph 2(4) (offences connected with immobilisation), for paragraphs (a)...
(1) Paragraph 3 (removal and disposal of vehicles) is amended...
In paragraph 4(1) (offences as to securing possession of vehicles),...
In this Schedule “regulations” means regulations under section 157.
Regulations may make— (a) provision for expenditure and other liabilities...
(1) Regulations may make provision about the treatment of money...
(1) Regulations may make modifications of any enactment.
(1) The power under paragraph 3(2), 4(2), 7(3), 8(2)(b) or...
(1) This paragraph applies if regulations provide for a person...
Regulations are to be made by statutory instrument.
(1) A statutory instrument containing regulations that amend or repeal...
(1) In this Schedule a reference to a person other...
Paragraphs 3 to 14 do not limit the generality of...
(1) Regulations may make provision about the kind or kinds...
(1) Regulations may make provision about— (a) the terms on...
(1) Regulations may make provision about decisions by the Treasury...
(1) Regulations may make provision about the involvement of persons...
(1) Regulations may make provision about ancillary arrangements.
(1) Regulations may make provision about property to be employed...
Regulations may confer powers, or impose duties, on any person...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Code of Practice 9 (COP9) (opens in a new tab) Publication
- Penalties for inaccuracies in returns (CC/FS7a) (opens in a new tab) Publication
- Your Charter: what you can expect from HMRC (opens in a new tab) Publication
- Tax compliance checks (opens in a new tab) Detailed Guidance
- Tax appeals (opens in a new tab) Detailed Guidance
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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