Finance Act 2009, Schedule 55 | UK Legislation | Guvnor

What this means for your business

2 guides

Enforced by: HMRC
Applies to: United Kingdom
On this page: 2 practical guides

Read full text on legislation.gov.uk

Practical guidance

Our guides explain how to comply with the requirements above.

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Sections and provisions

1227 classified provisions from this legislation.

1 Duties 1 Offences and penalties 17 Powers 13 Definitions 8 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 17

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.94 Publishing details of deliberate tax defaulters
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 13

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.103 Rates of interest
s.125 National Savings ordinary accounts: surplus funds
s.126 Interpretation
Schedule 15 Tax treatment of financing costs and income
Schedule 30 Financial arrangements avoidance Produce a post-tax advantage Produce a broadly compensatory amount arrangements
Schedule 54A Further provision as to late payment interest and repayment interest

Exemptions 8

s.2 Basic rate limit for 2009-10
Schedule 14 Corporation tax treatment of company distributions
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
Schedule 33 Long funding leases of films
Schedule 61 Alternative finance investment bonds