(1) In order to establish the amount of bank payroll...
- File bank payroll tax return by 31 August 2010 Trader
UK Act of Parliament
2010
United Kingdom
Finance Act 2010
At a glance
What's here
2 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 2
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.
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 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.
Schedules
(1) Each taxable company must— (a) keep such records as...
- Keep and preserve bank payroll tax records until 31 August 2016 Trader
Browse 214 other Schedules — structural / supplementary
(1) This Schedule makes provision for taxable companies to be...
(1) The threshold of £25,000 in paragraph 1(3) applies whether...
(1) This paragraph applies where— (a) an individual personally performs...
(1) This paragraph applies where— (a) arrangements are made during...
(1) This paragraph applies where— (a) at any time during...
(1) This paragraph applies where— (a) relevant arrangements are entered...
No amount of bank payroll tax is to be taken...
The Commissioners are responsible for the collection and management of...
Bank payroll tax is payable by taxable companies on or...
(1) HMRC may publish requirements as to—
Bank payroll tax is charged at the rate of 50%....
(1) If a taxable company delivers a bank payroll tax...
(1) A taxable company may amend its bank payroll tax...
(1) HMRC may amend a bank payroll tax return so...
(1) HMRC may enquire into a bank payroll tax return...
(1) HMRC may determine to the best of their knowledge...
(1) This paragraph applies if HMRC discover, with respect to...
Notice of a discovery assessment— (a) must be served on...
(1) No discovery assessment may be made after the relevant...
(1) If a discovery assessment is made with respect to...
(1) HMRC may publish requirements as to the method or...
“Taxable company” means a company which— (a) is a UK...
(1) This paragraph applies if an order is made under...
(1) Paragraphs 50 to 51G of Schedule 18 to FA...
(1) Part 5 of TMA 1970 (appeals and other proceedings)...
(1) Where a provision of FA 1998 is applied by...
(1) A taxable company which fails to comply with paragraph...
(1) Schedule 36 to FA 2008 (information and inspection powers)...
(1) Schedule 24 to FA 2007 (penalties for errors) has...
(1) Schedule 55 to FA 2009 (penalties for failure to...
(1) Schedule 56 to FA 2009 (penalties for failure to...
(1) “Relevant remuneration”, in relation to a relevant banking employee...
(1) The following provisions of TMA 1970 apply for the...
Chapter 6 of Part 22 of CTA 2010 (collection etc...
Section 118(5) to (7) of TMA 1970 (meaning of carelessly...
(1) “UK resident bank” means a company which—
(1) “Relevant regulated activity” means an activity which is a...
(1) A company is a “member of a banking group”...
(1) This paragraph applies for calculating the “trading income of...
(1) “Investment company”— (a) means a company whose business consists...
(1) “Financial trading company” means a company which—
(1) In this Schedule— “arrangements” includes any agreement, understanding, scheme,...
(1) “Excluded remuneration” means— (a) anything which is regular salary...
(1) Relevant remuneration is “awarded” during the chargeable period if—...
(1) Subject to sub-paragraphs (2) to (4), the amount of...
“The chargeable period” is the period— (a) beginning at 12.30...
(1) An employee of a taxable company is a relevant...
Chapter 2 of Part 4 of ITA 2007 (trade losses)...
In FA 2009, in Schedule 6, in paragraph 1(11)—
(1) The amendments made by this Schedule have effect in...
In section 60(1)(c) (overview of Chapter), for “(see sections 75”...
In section 64(8) (deduction of losses from general income)—
In section 72(5) (relief for individuals for losses in first...
Before section 74A insert— No relief for tax-generated losses (1) This section applies if— (a) during a tax year...
Omit section 74B (no relief for tax-generated losses in case...
(1) Section 74C (meaning of “non-active capacity” for purposes of...
(1) Section 74D (meaning of “qualifying film expenditure” for purposes...
Omit section 81 (dealings in commodity futures).
Part 2 of CAA 2001 (plant and machinery allowances) is...
After Chapter 16 insert— Chapter 16A Avoidance involving allowance buying...
For the heading of Chapter 17 substitute “ Other anti-avoidance...
Section 247 (giving effect to allowances and charges: trades) is...
The amendments made by this Schedule have effect where the...
But in relation to cases where the relevant day is...
(1) In Chapter 17 of Part 2 of CAA 2001...
(1) In Chapter 4 of Part 2 of ITTOIA 2005...
(1) In Chapter 5 of Part 2 of CAA 2001...
(1) For the purposes of the enactments to which this...
In section 272 of IHTA 1984 (general interpretation), omit the...
In section 90(7) of FA 1986 (stamp duty reserve tax:...
In paragraph 4 of Schedule 5 to FA 1989 (employee...
(1) TCGA 1992 is amended as follows.
Repeals of superseded definitions and other consequential amendments
(1) Schedule 19 to FA 1999 (stamp duty and stamp...
In section 63(2) of CAA 2001 (cases in which disposal...
(1) ITEPA 2003 is amended as follows.
Schedule 8 to FA 2003 (SDLT: charities relief) is amended...
In paragraph 1 (charities relief), omit sub-paragraph (4).
(1) A body of persons or trust meets the jurisdiction...
In paragraph 4 (charitable trusts), in sub-paragraph (2), omit “and...
(1) ITTOIA 2005 is amended as follows.
In section 18(3)(b)(i) of F(No.2)A 2005 (authorised unit trusts and...
(1) ITA 2007 is amended as follows.
In paragraph 60(2) of Schedule 36 to FA 2008 (references...
(1) CTA 2009 is amended as follows.
In paragraph 8 of Schedule 49 to FA 2009 (general...
(1) CTA 2010 is amended as follows.
In section 326(3) of TIOPA 2010 (charities), omit the definition...
(1) The Commissioners for Her Majesty's Revenue and Customs may...
(1) A body of persons or trust meets the registration...
Chapter 9 of Part 13 of CTA 2010 (community amateur...
In section 658(1) (meaning) omit the “and” at the end...
After section 661 insert— The location condition (1) A club meets the location condition for the purposes...
(1) Part 1 is treated as having come into force...
(1) The repeal of the definition of “charity” in section...
The amendments made by Part 3 are treated as having...
(1) A body of persons or trust meets the management...
(1) This paragraph applies in relation to any period throughout...
Her Majesty's Revenue and Customs may publish the name and...
The enactments to which this Part applies are the enactments...
In section 129(1) of FA 1982 (stamp duty: exemption from...
In section 46(3) of FA 1983 (Historic Buildings and Monuments...
Chapter 3 of Part 8 of ITA 2007 (relief for...
Amendments corresponding to the ones made by paragraphs 6 and...
(1) Section 437 (value of net benefit to charity) is...
After section 438 insert— Acquisition value of qualifying investments (1) For the purposes of this Chapter the acquisition value...
In Schedule 4 to ITA 2007 (index of defined expressions),...
Chapter 3 of Part 6 of CTA 2010 (charitable donations...
(1) Section 209 (value of net benefit to charity) is...
After section 210 insert— Acquisition value of qualifying investments (1) For the purposes of this Chapter the acquisition value...
In Schedule 4 to CTA 2010 (index of defined expressions),...
The amendments made by this Schedule have effect in relation...
(1) In ITA 2007, after section 521 insert— Gifts under...
(1) In section 547(b) of ITA 2007 (payments by charitable...
(1) Chapter 2 of Part 8 of ITA 2007 (gift...
(1) Section 42 of TMA 1970 (procedure for making claims...
(1) ITA 2007 is amended as follows.
(1) Schedule 18 to FA 1998 (company tax returns, assessments...
In CTA 2010, after section 477 insert— Claims Claims in...
(1) The amendments made by paragraph 1 have effect in...
In TCGA 1992, after section 252 insert— Foreign currency bank...
In that Act, after Schedule 8 insert— Schedule 8A Foreign...
The amendments made by this Schedule have effect in relation...
Schedule 24 to FA 2007 (penalties for errors) is amended...
Schedule 55 to FA 2009 (penalties for failure to make...
(1) Paragraph 6 (amount of penalty if failure continues more...
After paragraph 6 insert— (1) Information is category 1 information if—
(1) Paragraph 15 (reductions for disclosure) is amended as follows....
In paragraph 17 (interaction with other penalties)—
For paragraph 4 substitute— (1) This paragraph sets out the penalty payable under paragraph...
For paragraph 10 substitute— (1) If a person who would otherwise be liable to...
In paragraph 12 (interaction with other penalties), for sub-paragraph (4)...
In Part 5 (general), before the heading “Interpretation” insert— Classification...
After paragraph 23A insert— UK” means the United Kingdom, including the territorial sea of...
Schedule 41 to FA 2008 (penalties: failure to notify and...
For paragraph 6 substitute— (1) This paragraph sets out the penalty payable under paragraph...
For paragraph 13 substitute— (1) If a person who would otherwise be liable to...
(1) Paragraph 3 of Schedule 28AB to ICTA (schemes about...
(1) Section 85 of TIOPA 2010 (schemes about effect of...
(1) The amendments made by paragraphs 1 and 2 have...
(1) In TIOPA 2010, after section 85 insert— Section 83(2)...
(1) In section 85 of TIOPA 2010 (schemes about effect...
(1) In section 86 of TIOPA 2010 (schemes about claims...
(1) In section 112 of TIOPA 2010 (deduction from income...
Chapter 1 of Part 13 of ITA 2007 (transactions in...
Omit section 735 (abnormal dividends used for exemptions or reliefs)....
In section 809S of ITA 2007 (remittance basis: anti-avoidance provisions...
(1) Schedule 4 to that Act (index of defined expressions)...
In FA 2007, in Schedule 26, omit paragraph 12(11).
In CTA 2010, in Schedule 1, omit paragraphs 545 and...
(1) The amendments made by paragraphs 2 to 5, 7...
For sections 682 to 694 substitute— Introduction Overview of Chapter...
In section 698(6) (counteraction notices), omit— (a) the entry relating...
Omit section 699 (limit on amount assessed in section 689...
In section 700 (timing of assessments in section 690 cases)—...
In the heading before section 701, omit “and information powers”....
(1) Section 713 (interpretation) is amended as follows.
Part 15 of CTA 2010 (transactions in securities: corporation tax...
In section 733(2) (company liable to counteraction of corporation tax...
Unauthorised unit trusts
Unauthorised unit trusts
Unauthorised unit trusts
Unauthorised unit trusts
Chapter 12 of Part 5 of CTA 2009 (loan relationships:...
In section 398(2) (overview of Chapter), for paragraph (a) substitute—...
For the heading before section 399 substitute— “ Index-linked gilt-edged...
(1) Section 399 (index-linked gilt-edged securities: basic rules) is amended...
(1) Section 400 (index-linked gilt-edged securities: adjustments for changes in...
After section 400 insert— Adjustments for changes in index: relevant...
In section 317(5)(g) of CTA 2009 (carrying value), for “and...
The amendments made by this Schedule have effect in relation...
(1) This paragraph applies in relation to an accounting period...
(1) Section 322 of CTA 2009 (release of debts: cases...
(1) Chapter 6 of Part 5 of CTA 2009 (connected...
(1) The amendments made by paragraph 1 have effect in...
(1) The amendments made by this Schedule do not have...
CTA 2010 is amended as follows.
In section 1(4) (overview of Act) omit the “and” at...
After Part 21 insert— Part 21A Risk transfer schemes Introduction...
In Schedule 4 (index of defined expressions), insert at the...
(1) The amendments made by this Schedule have effect in...
Part 7 of FA 2004 (disclosure of tax avoidance schemes)...
(1) Section 98C of TMA 1970 (penalties for failures to...
(1) The amendments made by this Schedule come into force...
(1) Section 307 (meaning of “promoter”) is amended as follows....
(1) Section 308(2) (duties of promoter) is amended as follows....
In section 313A(1) (pre-disclosure enquiry), for “of a proposal or...
In section 318(1) (interpretation), after the definition of “HMRC” insert—...
After section 313 insert— Duty to provide details of clients...
In section 316 (information to be provided in manner and...
In section 317(2) (regulations), after “may” insert “ make different...
After section 313B insert— Information provided to introducers (1) Where HMRC suspect— (a) that a person (“P”) is...
Chapter 3 of Part 9 of CTA 2010 (sale of...
Amendments corresponding to those made by this Schedule, having effect...
Neither section 398F of CTA 2010 (inserted by paragraph 6)...
Section 398A of CTA 2010 (as inserted by paragraph 6)...
Section 398D of CTA 2010 (as inserted by paragraph 6)—...
(1) Section 382 (introduction to Chapter) is amended as follows....
In section 383 (income and matching expense in different accounting...
For section 392 (and the italic heading before it) substitute—...
After section 394 insert— “Qualifying change of ownership” “Qualifying change...
After section 398 insert— Election out of qualifying change of...
In section 437 of CTA 2010 (interpretation of the sales...
In Schedule 4 to that Act (index of defined expressions),...
The amendments made by this Schedule have effect where the...
In Chapter 18 of Part 5 of CTA 2009 (loan...
In Chapter 13 of Part 7 of CTA 2009 (derivative...
In section 1310(4) of CTA 2009 (orders and regulations subject...
(1) This paragraph applies if an employee or contractor of...
Paragraph 1(2) does not apply to income which arises as...
(1) This paragraph applies if conditions A and B are...
Section 966 of ITA 2007 (duty to deduct and account...
References in this Schedule to income are to be read...
In this Schedule— “the 2011 Champions League final” means the...
Browse 70 other sections — procedural / definitional / commencement
Charge, main rates, thresholds and allowances etc for 2010-11
Charge and main rate for financial year 2011
Small profits rates and fractions for financial year 2010
Increase in entrepreneurs' relief
Annual investment allowance
Relief for first-time buyers
Rate in respect of residential property where consideration over £1m
Rate bands
Rates of alcoholic liquor duties
Rates of tobacco products duty
Rates for motorcycles
Fuel duties: rates and rebates from April 2010
Fuel duties: further changes in rates and rebates
Rates of air passenger duty
Standard rate of landfill tax
Rate of aggregates levy
Rates of climate change levy
Climate change levy: reduced-rate supplies
Rate of bingo duty
Rates of gaming duty
Amusement machine licence duty
Bank payroll tax
Pensions: high income excess relief charge
Sideways relief etc
Property loss relief
Capital allowance buying
Leased assets
Cushion gas
Sale of lessors: consortium relationships
Charities and community amateur sports clubs: definitions
Gifts of shares etc to charities
Miscellaneous amendments
“Relevant person”
Foreign currency bank accounts
Penalties: offshore income etc
Reliefs and reductions for foreign tax
Asset transfer to non-resident company: recovery of postponed charge
Transactions in securities
Approved
Unauthorised unit trusts
Index-linked gilt-edged securities
Approved share incentive plans
Close companies: release of loans to participators etc
Connected companies: releases of debts
Relationships treated as loan relationships etc: repos
Risk transfer schemes
Apportionment of asset value increases
Extension of special annual allowance charge
Information
Extension of reverse charge provisions to supplies of services
Insurance premium tax: separate contracts
Reversionary interests of purchaser or settlor etc in relevant property
Interests in possession
SDRT: depositary receipt systems and clearance services systems
s.55
Disclosure of tax avoidance schemes
Opening of postal packets
Zero and low emission vehicles
Cars with CO
Subsidised meals for employees: salary sacrifice etc
Sale of lessors: election out of charge
Accounting standards: loan relationships and derivative contracts
Champions League final
FSCS intervention in relation to insurance contracts
Stamp duty and SDRT: clearing houses
Alcoholic liquor duties: power to amend definition of “cider”
Climate change levy: compatible state aid
Pensions: minor corrections
Interpretation
Short title
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