UK Act of Parliament
2013
United Kingdom
Finance Act 2013 (High-end TV, Animation, Video Games)
At a glance
Enforced by
What's here
10 compliance obligations, 1 practical guide
Penalty landscape
2 of 10 obligations carry a criminal penalty. 2 carry different penalties and 6 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 7
- Trader 1
Plus 2 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 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
Traders also bound by 219 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 952 duties
- TULRCA 1992 1992 39 duties
- Companies Act 2006 2006 39 duties
- Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 2013 39 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 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 — Income Tax, Corporation Tax and Capital Gains Tax
Browse 79 other sections in this Part — procedural / definitional / commencement
Charge for 2013-14
Personal allowance for 2013-14 for those born after 5 April 1948
Basic rate limit for 2013-14
Charge and main rate for financial year 2014
Small profits rate and fractions for financial year 2013
Main rate for financial year 2015
Temporary increase in annual investment allowance
London Anniversary Games
Glasgow Commonwealth Games
Expenses of elected representatives
Exemption from income tax of contributions to pension schemes
Childcare exemptions: meaning of disabled child
Income tax exemption for universal credit
Tax advantaged employee share schemes
Abolition of tax relief for patent royalties
Limit on income tax reliefs
Cash basis for small businesses
Deductions allowable at a fixed rate
Employment income: duties performed in the UK and overseas
Remittance basis: exempt property
Payments on account
Arrangements made by intermediaries
Taxable benefit of cars: the appropriate percentage
Gains from contracts for life insurance etc
Qualifying insurance policies
Transfer of assets abroad
Payments of interest
Disguised interest
Restriction on surrender of losses: controlled foreign company cases
Loss relief surrenderable by non-UK resident established in EEA state
Arrangements for transfers of companies
Change in company ownership: company reconstructions
Change in company ownership: shell companies
Transfer of deductions
R&D expenditure credits
Relief for television production and video games development
Health service bodies: exemption
Chief constables etc (England and Wales): exemption
Real estate investment trusts: UK REITs which invest in other UK REITs
Corporation tax relief for employee share acquisitions etc
Derivative contracts: property total return swaps etc
Corporation tax: tax mismatch schemes
Tier two capital
Financing costs and income: group treasury companies
Condition for company to be an “investment trust”
Community amateur sports clubs
Lifetime allowance charge: power to amend the transitional provision in Part 2 of Schedule 18 to FA 2011 etc
Lifetime allowance charge: new standard lifetime allowance for the tax year 2014-15 and subsequent tax years
Annual allowance: new annual allowance for the tax year 2014-15 and subsequent tax years
Drawdown pensions and dependants' drawdown pensions
Bridging pensions
Abolition of contracting out of state second pension: consequential amendments etc
Overseas pension schemes: general
Overseas pension schemes: information and inspection powers
Employee shareholder shares
SEIS: income tax relief
SEIS: re-investment relief
Disincorporation relief
Qualifying business transfer
Making a claim
Effect of disincorporation relief
Attribution of gains to members of non-resident companies
Heritage maintenance settlements
EMI options and entrepreneurs' relief etc
Charge on certain high value disposals by companies etc
Currency used in tax calculations: chargeable gains and losses
Allowances for energy-saving plant and machinery: Northern Ireland
Cars with low carbon dioxide emissions
Gas refuelling stations: extension of time limit for capital allowance
First-year allowance to be available for ships and railway assets
Restrictions on buying capital allowances
Hire cars for disabled persons
Contribution allowances: plant and machinery
Community investment tax relief
Lease premium relief
Manufactured payments: stock lending arrangements
Manufactured payments: general
Relationship between rules prohibiting and allowing deductions
Close companies
Part 2 — Oil
Annual report
Other duties (1) — Crown / regulator
- The Treasury must publish an annual report on decommissioning relief agreements Crown / Minister / Government department
Browse 13 other sections in this Part — procedural / definitional / commencement
Decommissioning relief agreements
Meaning of “decommissioning expenditure”
Effect of claim on PRT
Terminal losses accruing by virtue of another's default
Claims under agreement not to affect oil allowance
Removal of IHT charges in respect of decommissioning security settlements
Loan relationships arising from decommissioning security settlements
Decommissioning expenditure taken into account for PRT purposes
Miscellaneous amendments relating to decommissioning
Expenditure on decommissioning onshore installations
Expenditure on decommissioning certain redundant plant or machinery
Expenditure on site restoration
Restrictions on allowances for certain oil-related expenditure
Part 3 — Annual tax on enveloped dwellings
Charge to tax
- Pay Annual Tax on Enveloped Dwellings (ATED) Trader
Indexation of annual chargeable amounts
Amended 2 timesTaxable value
Amended 1 timeAdjustment of amount chargeable
Amended 1 timeInterests held by connected persons
Amended 6 timesDwelling in grounds of another dwelling
Amended 3 timesDwellings in the same building
Amended 3 timesConversion of dwelling for non-residential use
Amended 3 timesEffect of reliefs under sections 133 to 150
Amended 3 timesOccupation by employees or partners of a qualifying trade or property rental business
Amended 3 timesMeaning of “qualifying employee” and “qualifying partner” in section 145
Amended 3 timesMeaning of “10% or greater share in a company”
Amended 1 timeCaretaker flat owned by management company
Amended 1 timeProviders of social housing etc
Amended 4 timesMeaning of “qualifying housing co-operative”
Amended 4 timesLand in England ... or Northern Ireland sold to financial institution and leased to person
Amended 9 timesLand in Scotland sold to financial institution and leased to person
Amended 9 timesLand in Wales sold to financial institution and leased to person
Amended 9 timesAnnual tax on enveloped dwellings return
Amended 3 timesRelief declaration returns
Amended 3 timesReturn of adjusted chargeable amount
- Submit a further ATED return if your tax liability increases Any Person
Return to include self assessment
Amended 2 times- Include a self-assessment in your ATED return Any Person
Payment of tax
Amended 1 time- Pay Annual Tax on Enveloped Dwellings (ATED) by the filing deadline Any Person
General interpretation of Part 3
Amended 1 timeBrowse 63 other sections in this Part — procedural / definitional / commencement
Entitlement to interests
Person liable
Liability of persons jointly entitled
Collective investment schemes: liability for and collection of tax
Amount of tax chargeable
Interim relief
Section 102: “substantial” acquisitions and disposals
No double charge
“Adjusted chargeable amount”
Chargeable interests
Meaning of “single-dwelling interest”
Different interests held in the same dwelling
Different interests held in the same dwelling: effect of reliefs etc
Meaning of “dwelling”
Substantial performance of “off plan” purchase
Power to modify meaning of “use as a dwelling”
Parts of a greater whole
Section 117: supplementary
Terraces etc
Acquisitions and disposals of chargeable interests
Date of acquisition or disposal
Contract and conveyance: the purchaser
Contract and conveyance: the vendor
New dwellings
Dwellings produced from other dwellings
Demolition of a dwelling
Demolition without replacement
Demolition and replacement: new dwellings
Demolition and replacement: other cases
Damage to a dwelling
Property rental businesses
Rental property: preparation for sale, demolition etc
Non-qualifying occupation: look-forward and look-back
Meaning of “non-qualifying individual”
Dwellings opened to the public
Property developers
Property developers: exchange of dwellings
Property developers: supplementary
Property traders
Property traders: supplementary
Financial institutions acquiring dwellings in the course of lending
Section 143: supplementary
Regulated home reversion plans
Farmhouses
“Farm worker” and “former long-serving farm worker”
Charitable companies
Section 151: supplementary
Public bodies
Bodies established for national purposes
Dwelling conditionally exempt from inheritance tax
Modification of reliefs
Responsibility for collection and management
Returns, enquiries, assessments and other administrative matters
Information and enforcement
Collection and recovery of tax etc
Companies
Partnerships
Miscellaneous amendments and transitory provision
Orders and regulations
Meaning of “chargeable day” and “within the charge”
References to the state of affairs “on” a day
Connected persons
Connected persons: cell companies
Part 4 — Excise duties and other taxes
Not exhibiting licence: period of grace
Fine up to £1,000- Failure to exhibit a vehicle tax disc or nil licence Any Person
Bank levy: rates from 1 January 2014
Amended 1 timeBrowse 29 other sections in this Part — procedural / definitional / commencement
Open- ended investment companies and authorised unit trusts
Treatment of liabilities for inheritance tax purposes
Election to be treated as domiciled in United Kingdom
Transfer to spouse or civil partner not domiciled in United Kingdom
Fuel duties: rates of duty and rebates from 1 April 2013
Rates of alcoholic liquor duties
Rates of tobacco products duty
Meaning of “tobacco products”
Rates of gaming duty
Combined bingo
Air passenger duty: rates of duty from 1 April 2013
Air passenger duty: miscellaneous provision
VED rates for light passenger vehicles, light goods vehicles, motorcycles etc
Vehicles not kept or used on public road
Vehicle licences for disabled people
Repayments of value added tax to health service bodies
Valuation of certain supplies of fuel
Reduced rate for energy-saving materials
Pre-completion transactions: existing cases
Pre-completion transactions
Relief from higher rate
Leases
Standard rate of landfill tax
Climate change levy: main rates
Climate change levy: supplies subject to carbon price support rates etc
Contracts that are not taxable
Bank levy: rates from 1 January 2013
No deductions for UK or foreign bank levies
High quality liquid assets
Part 5 — General anti-abuse rule
General anti-abuse rule
Amended 6 timesMeaning of “tax arrangements” and “abusive”
Amended 1 timeCounteracting the tax advantages
Amended 8 timesEffect of adjustments specified in a provisional counteraction notice
Amended 8 timesProtective GAAR notices
Amended 8 timesAdjustments under section 209: notices under Schedule 43 or 43A
Amended 8 timesAdjustments under section 209: notices under Schedule 43D
Amended 8 timesSections 209AA to 209ABA : definitions
Amended 8 timesNotified adjustments: 12 month period for taking action if appeal made
Amended 8 timesNotified adjustments: case within section 209B(4)(c)
Amended 8 timesNotified adjustments: case within section 209B(4)(d)
Amended 8 timesNotified adjustments: case within section 209B(4)(e)
Amended 8 timesAppeals against provisional counteractions: further provision
Amended 8 timesConsequential relieving adjustments
Amended 4 timesProceedings before a court or tribunal
Amended 1 timeOther duties (1) — Crown / regulator
- Tribunals must follow HMRC guidance and Advisory Panel opinions Tribunal / Court
Penalty
- Use abusive tax arrangements to gain a tax advantage Any Person
Penalty: partnerships
Unlimited fine- Fail to pay penalty for counter‑acted tax advantage in a partnership Any Person
Interpretation of Part 5
Amended 10 timesBrowse 4 other sections in this Part — procedural / definitional / commencement
Part 6 — Other provisions
International agreements to improve tax compliance
Amended 6 timesPenalties: late filing, late payment and errors
- Late tax filing, late payment, or errors in tax returns Any Person
Browse 17 other sections in this Part — procedural / definitional / commencement
Trusts with vulnerable beneficiary
Unauthorised unit trusts
Statutory residence test
Ordinary residence
Controlled foreign companies etc
Agreement between UK and Switzerland
Disclosure of tax avoidance schemes
Powers under Proceeds of Crime Act 2002
Definition of “goods” for certain customs purposes
Power to detain goods
Penalty instead of forfeiture of larger ships
Data-gathering from merchant acquirers etc
Corporation tax: deferral of payment of exit charge
Overpayment relief: generally prevailing practice exclusion and EU law
Overpayment relief: time limit for claims
Self assessment: withdrawal of notice to file etc
Restrictions on interim payments in proceedings relating to taxation matters
Part 7 — Final provisions
Browse 2 other sections in this Part — procedural / definitional / commencement
Interpretation
Short title
Schedules
Browse 55 other Schedules — structural / supplementary
Annual investment allowance: periods straddling 1 January 2013 or 1 January 2015
Limit on income tax reliefs
Employment income: duties performed in the UK and overseas
Transfer of assets abroad
Deduction of income tax at source etc
Change in ownership of shell company: restriction of relief
R&D expenditure credits
Real estate investment trusts: UK REITs which invest in other UK REITs
Community amateur sports clubs
Transitional provision relating to reduction in standard lifetime allowance etc
EMI options and entrepreneurs' relief etc
Charge on certain high value disposals by companies etc
Manufactured payments
Miscellaneous amendments relating to decommissioning
Annual tax on enveloped dwellings: returns, enquiries, assessments and appeals
Annual tax on enveloped dwellings: miscellaneous amendments and transitory provision
Stamp duty land tax: transactions entered into before completion of contract
Climate change levy: supplies subject to carbon price support rates etc
General anti-abuse rule: procedural requirements
Trusts with vulnerable beneficiary
Ordinary residence
Proceeds of crime: powers of officers of Revenue and Customs
Penalties: late filing, late payment and errors
Tax advantaged employee share schemes
Cash basis for small businesses
Deductions allowable at a fixed rate
Remittance basis: exempt property
Gains from contracts for life insurance etc
Qualifying insurance policies
Disguised interest
Transfer of deductions
Tax relief for television production
Tax relief for video games development
Television and video games tax relief: consequential amendments
Tax mismatch schemes
Employee shareholder shares
Restrictions on buying capital allowances
Community investment tax relief
Lease premium relief
Close companies
Restrictions on allowances for certain oil-related expenditure
Annual tax on enveloped dwellings: information and enforcement
Treatment of liabilities for inheritance tax purposes
Vehicle licences for disabled people
Valuation of certain supplies of fuel
Stamp duty land tax: relief from 15% rate
Stamp duty land tax on leases
Procedural requirements: pooling notices and notices of binding
Procedural requirements: generic referral of tax arrangements
Penalty under section 212A or 212B : supplementary provision
The GAAR and partnerships
Statutory residence test
Controlled foreign companies
Corporation tax: deferral of payment of exit charge
Withdrawal of notice to file etc
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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