Finance Act 2008 | UK Legislation | Guvnor

What this means for your business

Enforced by: HMRC
Applies to: United Kingdom

Read full text on legislation.gov.uk

Guidance

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Sections and provisions

1360 classified provisions from this legislation.

2 Duties 2 Offences and penalties 19 Powers 8 Definitions 12 Exemptions

Duties 2

s.99 Abolition of fixed stamp duty on certain instruments
s.152 Aviation duty

Offences and penalties 2

Schedule 41 Penalties: failure to notify and certain VAT and excise wrongdoing
s.145 Offence of using or keeping unlicensed vehicle

Powers 19

s.21 Carbon reduction trading scheme: charges for allocations
s.39 Dormant assets
s.88 Power to make consequential and transitional provision
s.113 Information and inspection powers
s.115 Record-keeping
s.116 Disclosure of tax avoidance schemes
s.118 Time limits for assessments, claims etc
s.122 Penalties for errors
s.123 Penalties for failure to notify etc
s.124 HMRC decisions etc: reviews and appeals
s.127 Enforcement by taking control of goods: England and Wales
s.129 Consequential provision and commencement
s.130 Set-off ...
s.135 Interest on unpaid tax in case of disaster etc of national significance
s.136 Fee for payment
s.156 Alternative finance arrangements: power to vary Chapter 5 of Part 2 of FA 2005
s.157 Government borrowing: alternative finance arrangements
s.158 Power of Treasury to make payments
s.160 Power to give statutory effect to concessions

Definitions 8

s.6 Charge and main rates for financial year 2009 ring fence profits
Schedule 46 Government borrowing: alternative finance arrangements
s.58 UK residents and foreign partnerships
s.103 Abandonment expenditure: default by participator met by former participator
s.114 Computer records etc
s.139 Interpretation of Chapter
s.165 Interpretation
Schedule 10 Cap on R&D aid

Exemptions 12

Schedule 15 Changes in trading stock
s.40G Meaning of “mutual fund”: powers to vary exceptions
s.40E Meaning of “mutual fund”: exceptions
s.45 Homes outside UK owned through company etc
s.46 In-work and return to work credits and payments
s.71 Thermal insulation of buildings
s.121 Old VAT claims: extended time limits
s.128 Summary warrant: Scotland
s.133 Set-off etc where right to be paid a sum has been transferred
s.140 Charge on termination of interest in possession where new interest acquired
Schedule 7 Remittance basis
Schedule 36 Information and inspection powers