Finance Act 2009, Schedule 52 | UK Legislation | Guvnor

What this means for your business

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Applies to: United Kingdom
On this page: 1 practical guide

Read full text on legislation.gov.uk

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Sections and provisions

190 classified provisions from this legislation.

1 Duties 1 Offences and penalties 16 Powers 17 Definitions 15 Exemptions

Duties 1

Schedule 46 Duties of senior accounting officers of qualifying companies must take reasonable steps

Offences and penalties 1

Schedule 56 Penalty for failure to make payments on time

Powers 16

s.45 Power to enable dividends of investment trusts to be taxed as interest
s.47 Equalisation reserves for Lloyd's corporate and partnership members
s.73 Financial assistance scheme
s.74 FSCS intervention in relation to insurance in connection with pensions
s.95 Amendment of information and inspection powers
s.96 Extension of information and inspection powers to further taxes
s.98 Record-keeping
s.99 Time limits for assessments, claims etc
s.100 Recovery of overpaid tax etc
s.104 Supplementary
s.106 Penalties for failure to make returns etc
s.107 Penalties for failure to pay tax
s.108 Suspension of penalties during currency of agreement for deferred payment
s.124 Mutual societies: tax consequences of transfers of business etc
Schedule 6 Temporary extension of carry back of losses
Schedule 55 Penalty for failure to make returns etc

Definitions 17

s.7 Charge and main rates for financial year 2010 ring fence profits
s.8 Small companies' rates and fractions for financial year 2009
Schedule 18 Corporation tax: foreign currency accounting
s.24 First-year capital allowances for expenditure in 2009-2010
s.25 Agreements to forgo tax reliefs relevant enactments tax relief
Schedule 44 Supplementary charge: reduction for certain new oil fields
Schedule 54 Repayment interest
s.94 Publishing details of deliberate tax defaulters
s.103 Rates of interest
s.116 Meaning of “gaming machine” and “gaming”
s.125 National Savings ordinary accounts: surplus funds
s.126 Interpretation
Schedule 15 Tax treatment of financing costs and income
Schedule 16 Controlled foreign companies the commencement date qualifying holding company
Schedule 30 Financial arrangements avoidance Produce a post-tax advantage Produce a broadly compensatory amount arrangements
Schedule 49 Powers to obtain contact details for debtors relevant date the Commissioners contract settlement
Schedule 54A Further provision as to late payment interest and repayment interest

Exemptions 15

s.2 Basic rate limit for 2009-10
Schedule 12 Reallocation of chargeable gain or loss within a group
Schedule 14 Corporation tax treatment of company distributions
Schedule 24 Disguised interest
Schedule 25 Transfers of income streams
Schedule 32 Leases of plant or machinery
s.52 Exemption for certain non-domiciled persons
Schedule 53 Late payment interest
s.101 Late payment interest on sums due to HMRC
s.102 Repayment interest on sums to be paid by HMRC
s.114 Gaming duty
Schedule 3 VAT: supplementary charge and orders changing rate
Schedule 33 Long funding leases of films
Schedule 37 Stock lending: stamp taxes in the event of insolvency
Schedule 61 Alternative finance investment bonds