UK Act of Parliament
2014
United Kingdom
Finance Act 2014 (Theatre Tax Relief)
At a glance
Enforced by
What's here
73 compliance obligations, 2 practical guides across 2 topics
Penalty landscape
10 of 73 obligations carry an unlimited fine. 10 carry different penalties and 53 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 34
- Trader 12
- Director or Officer 4
- Responsible Person 2
- Client 1
- Employer 1
Plus 19 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.
Direct — cites this Act
1 guidesSupporting — 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 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
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
Directors and Officers also bound by 425 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 161 duties
- Companies Act 2006 2006 108 duties
- Insolvency Act 1986 1986 72 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
- The Housing Administration (England and Wales) Rules 2018 2018 26 duties
Responsible Persons also bound by 104 other Acts (top 5 shown)
- MH(CT)(S)A 2003 2003 45 duties
- Climate Change Levy (General) Regulations 2001 2001 24 duties
- The Offshore Installations (Prevention of Fire and Explosion, and Emergency Response) Regulations 1995 1995 21 duties
- Offshore Installations (Offshore Safety Directive) (Safety Case ) Regulations 2015 2015 21 duties
- The Offshore Installations (Safety Case) Regulations 2005 2005 19 duties
Clients also bound by 65 other Acts (top 5 shown)
- Construction (Design and Management) Regulations 2015 2015 32 duties
- The Building (Higher-Risk Buildings Procedures) (Wales) Regulations 2025 2025 19 duties
- Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 2023 17 duties
- Building Regulations (Northern Ireland) 2012 2012 14 duties
- Building Regulations 2010 2010 12 duties
Employers also bound by 694 other Acts (top 5 shown)
- The Income Tax (Pay As You Earn) Regulations 2003 2003 236 duties
- Provision and Use of Work Equipment Regulations 1998 1998 120 duties
- TULRCA 1992 1992 72 duties
- Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 1996 52 duties
- Income Tax (Earnings and Pensions) Act 2003 2003 50 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 75 other sections in this Part — procedural / definitional / commencement
Charge, rates, basic rate limit and personal allowance for 2014-15
Basic rate limit for 2015-16 and personal allowances from 2015
The starting rate for savings and the savings rate limit
Indexation of limits and allowances under ITA 2007
Charge for financial year 2015
Small profits rate and fractions for financial year 2014
Rates for ring fence profits and abolition of small profits rate for non-ring fence profits
Annual exempt amount for 2014-15
Annual exempt amount for 2015-16 onwards
Temporary increase in annual investment allowance
Tax relief for married couples and civil partners
Recommended medical treatment
Relief for loan interest: loan to buy interest in close company
Relief for loan interest: loan to buy interest in employee-controlled company
Restrictions on remittance basis
Treatment of agency workers
Recovery under PAYE regulations from certain company officers
Employment intermediaries: information powers and related penalties
Payments by employer on account of tax where deduction not possible
PAYE obligations of UK intermediary in cases involving non-UK employer
Oil and gas workers on the continental shelf: operation of PAYE
Threshold for benefit of loan to be treated as earnings
Taxable benefits: cars, vans and related benefits
Cars: the appropriate percentage
Cars and vans: payments for private use
Release of debts: stabilisation powers under Banking Act 2009
Holdings treated as rights under loan relationships
De-grouping charges (loan relationships etc)
Disguised distribution arrangements involving derivative contracts
Avoidance schemes involving the transfer of corporate profits
R&D tax credits for small or medium-sized enterprises
Film tax relief
Television tax relief: activities to be treated as separate trade
Video games development
Community amateur sports clubs
Tax relief for theatrical production
Changes in company ownership
Transfer of deductions: research and development allowances
Tax treatment of financing costs and income
Determination of beneficial entitlement for purposes of group relief
Pension flexibility: drawdown
Pension flexibility: taking low-value pension rights as lump sum
Pension flexibility: further amendments
Transitional provision for new standard lifetime allowance for 2014-15 etc
Taxable specific income: effect on pension input amount for non-UK schemes
Pension schemes
Glasgow Grand Prix
Major sporting events: power to provide for tax exemptions
Share incentive plans: increases in maximum annual awards etc
Share incentive plans: power to adjust maximum annual awards etc
Employee share schemes
Employment-related securities etc
Venture capital trusts
Removing time limit on seed enterprise investment scheme relief
Removing time limit on CGT relief in respect of re-investment under SEIS
Exclusion of incentivised electricity or heat generation activities
Relief for investments in social enterprises
Relief on disposal of private residence
Remittance basis and split year treatment
Termination of life interest and death of life tenant: disabled persons
Capital gains roll-over relief: relevant classes of assets
Capital gains roll-over relief: intangible fixed assets
Avoidance involving losses
Extension of capital allowances
General Block Exemption Regulation
Business premises renovation allowances
Mineral extraction allowances: activities not within charge to tax
Mineral extraction allowances: expenditure on planning permission
Extended ring fence expenditure supplement for onshore activities
Supplementary charge: onshore allowance
Oil and gas: reinvestment after pre-trading disposal
Substantial shareholder exemption: oil and gas
Oil contractor activities: ring-fence trade etc
Partnerships
Transfer pricing: restriction on claims for compensation adjustments
Part 2 — Excise duties and other taxes
Penalties under section 26 of FA 2003: extension to excise duty
Unlimited fine- Comply with customs and excise rules for imported and non-duty paid goods Any Person
VAT : special schemes
Amended 1 timeVAT: place of belonging
Amended 1 timeAbolition of stamp duty and SDRT: securities on recognised growth markets
- Stamp Duty and SDRT are abolished for recognised growth market securities Trader
Exemption from bingo duty: small-scale amusements provided commercially
Amended 1 timeBrowse 44 other sections in this Part — procedural / definitional / commencement
Rates of alcoholic liquor duties
Rates of tobacco products duty
Air passenger duty: rates of duty from 1 April 2014
Air passenger duty: rates of duty from 1 April 2015
Air passenger duty: adjustments to Part 3 of Schedule 5A to FA 1994
VED rates for light passenger vehicles, light goods vehicles, motorcycles etc
VED rates: rigid goods vehicle with trailers
VED rates: use for exceptional loads, rigid goods vehicles and tractive units
VED: extension of old vehicles exemption from 1 April 2014
VED: extension of old vehicles exemption from 1 April 2015
Abolition of reduced VED rates for meeting reduced pollution requirements
Six month licence: tractive units
Vehicles subject to HGV road user levy: amount of 6 month licence
Payment of vehicle excise duty by direct debit
Definition of “revenue weight”
Vehicle excise and registration: other provisions
HGV road user levy: rates tables
HGV road user levy: disclosure of information by HMRC
Aggregates levy: removal of certain exemptions
Aggregates levy: power to restore exemptions
Climate change levy: main rates for 2015-16
Climate change levy: carbon price support rates for 2014-15 and 2015-16
Climate change levy: carbon price support rates for 2016-17
Climate change levy: exemptions: mineralogical & metallurgical processes etc
Rates of landfill tax
Goods carried as stores
VAT: place of supply orders: disapplication of transitional provision
VAT: supply of services through agents
VAT: refunds to health service bodies
VAT: prompt payment discounts
ATED: reduction in threshold from 1 April 2015
ATED: further reduction in threshold from 1 April 2016
SDLT : threshold for higher rate applying to certain transactions
SDLT: exercise of collective rights by tenants of flats
SDLT: charities relief
Abolition of SDRT on certain dealings in collective investment schemes
Temporary statutory effect of House of Commons resolution
Inheritance tax
Gifts to the nation: estate duty
Bank levy: rates from 1 January 2014
Bank levy: miscellaneous changes
Rates of gaming duty
Rate of bingo duty
Rates of machine games duty
Part 3 — General betting duty, pool betting duty and remote gaming duty
General betting duty
- Pay General Betting Duty on gambling activities Trader
General bets
Amended 1 timeGeneral betting duty charge on general bets
- Pay General Betting Duty on bookmaking profits Trader
General betting duty charge on financial spread bets
- Pay General Betting Duty on financial spread bets Trader
General betting duty charge on non-financial spread bets
- Pay General Betting Duty on non-financial spread bets Trader
General betting duty charge on Chapter 1 pool bets
Unlimited fine- Pay General Betting Duty on pool bets Trader
Liability to pay
- Pay general betting duty on time Trader
Pool betting duty charge on Chapter 2 pool bets
- Pay pool betting duty on profits at a rate of 15% Trader
Payment and recovery
- Pay pool betting duty on time Trader
Notification of reliance on community benefit exemption
Unlimited fine- Notify HMRC if you claim pool betting duty exemption for community benefit Trader
Remote gaming
Amended 1 timeRemote gaming duty
Amended 2 timesPrizes
Amended 4 timesPrizes: freeplay
Amended 4 timesExemptions
Amended 4 timesLiability to pay
- Pay Remote Gaming Duty on your gambling profits Director or Officer
Security for payment
Unlimited fineOther duties (1) — Crown / regulator
- HMRC may require security for betting and gaming duty payments Statutory regulator
Offence of failing to provide security or appoint representative
- Fail to provide security or appoint UK representative Any Person
Fraudulent evasion
14 years imprisonment Amended 5 times- Fraudulent evasion of gambling duties Any Person
- Fraudulently evade betting or gaming duty Any Person
Penalties under section 9 of FA 1994
- Fail to pay betting, pool betting or remote gaming duty Any Person
Offences by bodies corporate
7 years imprisonment- Corporate officer liable for tax offence Director or Officer
- Personal liability of directors for company tax offences Director or Officer
Gaming
Amended 1 timeIndex
Amended 2 timesRegulations
Amended 2 timesBrowse 53 other sections in this Part — procedural / definitional / commencement
General betting duty charge on remote bets
Spread bets
Ordinary profits
Retained winnings profits
Bet-brokers
Chapter 1 pool bets
Profits on pooled stake Chapter 1 pool bets
Profits on ordinary Chapter 1 pool bets
Profits on retained winnings on Chapter 1 pool bets
Chapter 1: stake money
Chapter 1: winnings
General betting duty charge on betting exchanges
Chapter 2 pool bets
Profits on pooled stake Chapter 2 pool bets
Profits on ordinary Chapter 2 pool bets
Profits on retained winnings on Chapter 2 pool bets
Chapter 2: stake money
Chapter 2: winnings
Payments treated as bets
Bets made for community benefit
Profits on pooled prize gaming
Profits on ordinary gaming
Profits on retained prizes
Gaming payments
Play using the results of successful freeplay
Administration
Registration
Accounting period
Returns
Payment
Information and records
Stake funds and gaming prize funds
Appointment of UK representative
Security and representatives: review and appeal
Interest
Suspension and revocation of remote operating licences
Protection of officers
Evidence by certificate, etc
Facilities capable of being used in United Kingdom: burden of proof
Review and appeal
Bet
Pool betting
Fixed odds
UK person
On-course betting and excluded betting
Other definitions
Amounts not in sterling
Limited liability partnerships
Effect of imposition of duties
Notices
Consequential amendments and repeals
Transitional and saving provisions
Commencement and effect
Part 4 — Follower notices and accelerated payments
Overview of Part 4
Amended 2 times“Relevant tax”
Amended 1 time“Tax appeal”
Amended 1 timeContent of a follower notice
Other duties (1) — Crown / regulator
- HMRC must include specific details in a follower notice Statutory regulator
Penalty if corrective action not taken in response to follower notice
- Respond to an HMRC follower notice to avoid tax penalties Any Person
Amount of a section 208 or 208A penalty
Amended 6 timesAssessment of a section 208 penalty
- Pay Theatre Tax Relief follower notice penalties within 30 days Any Person
Aggregate penalties
Amended 18 timesAlteration of assessment of a section 208 or 208A penalty
Amended 1 timeAppeal against a section 208 penalty
Amended 1 timeAppeal against a section 208A penalty
Amended 1 timeLate appeal against final judicial ruling
Other duties (1) — Crown / regulator
- HMRC must suspend follower notices during late appeals Statutory regulator
Circumstances in which an accelerated payment notice may be given
Unlimited fine Amended 11 timesOther duties (1) — Crown / regulator
- HMRC may issue an Accelerated Payment Notice for tax advantages Statutory regulator
Content of notice given while a tax enquiry is in progress
Amended 10 timesContent of notice given pending an appeal
Amended 4 timesOther duties (1) — Crown / regulator
- HMRC must include specific details in accelerated payment notices Statutory regulator
Representations about a notice
Amended 7 timesEffect of notice given while tax enquiry is in progress : accelerated payment
Amended 2 times- Pay tax stated in an Accelerated Payment Notice (APN) Any Person
Penalty for failure to pay accelerated payment
Amended 1 time- Fail to pay an accelerated tax payment notice Any Person
Withdrawal, modification or suspension of accelerated payment notice
Amended 12 timesGroup relief claims after accelerated payment notices
Amended 12 timesBrowse 20 other sections in this Part — procedural / definitional / commencement
“Tax advantage” and “tax arrangements”
“Tax enquiry” and “return”
Circumstances in which a follower notice may be given
“Judicial ruling” and circumstances in which a ruling is “relevant”
Representations about a follower notice
Additional penalty for unreasonable tax appeal
Reduction of a section 208 penalty for co-operation
Assessment of a section 208A penalty
Follower notices: treatment of partners and partnerships
Transitional provision
Defined terms used in Chapter 2
Restriction on powers to postpone tax payments pending initial appeal
Protection of the revenue pending further appeals
Effect of notice: surrender of losses ineffective, etc
Accelerated partner payments
Defined terms used in Chapter 3
Special case: stamp duty land tax
Special case: annual tax on enveloped dwellings
Extension of this Part by order
Consequential amendments
Part 5 — Promoters of tax avoidance schemes
Carrying on a business “as a promoter”
Amended 1 timePublication where stop notice automatically withdrawn
Other duties (1) — Crown / regulator
- HMRC must publish details when a stop notice is withdrawn Statutory regulator
Disclosure to clients and intermediaries
- Notify clients and intermediaries if you are issued a stop notice Any Person
Notification of interested persons by HMRC
Other duties (1) — Crown / regulator
- HMRC may notify your clients if you ignore a tax avoidance stop notice Statutory regulator
Duty to give conduct notice
Amended 14 timesDuty to give conduct notice: defeat of promoted arrangements
Amended 14 timesDuty to give further conduct notice where provisional notice not complied with
Amended 14 timesWhen a conduct notice given under section 237A(8) is “provisional”
Amended 14 timesOther duties (1) — Crown / regulator
- HMRC must notify you when a conduct notice becomes 'full' Statutory regulator
Judicial ruling upholding asserted tax advantage: effect on conduct notice which is provisional
Amended 14 timesContents of a conduct notice
Unlimited fine Amended 1 timeOther duties (1) — Crown / regulator
- HMRC must consult you before issuing a tax conduct notice Statutory regulator
Amendment , withdrawal or reissue of conduct notice
Amended 2 timesDuration of conduct notice
Amended 5 timesDefeat notices
Amended 5 timesJudicial ruling upholding asserted tax advantage: effect on defeat notice
Amended 5 timesMonitoring notices: duty to apply to tribunal
Amended 5 timesWithdrawal of monitoring notice
Amended 2 times- Request withdrawal of an HMRC monitoring notice Any Person
Notification of determination under section 245
Other duties (1) — Crown / regulator
- HMRC must notify you of the decision regarding your monitoring notice Statutory regulator
Publication by HMRC
Amended 1 timePublication by monitored promoter
- Notify clients and publish details if monitored by HMRC for tax schemes Any Person
Allocation of promoter reference number
Amended 2 timesDuty of monitored promoter to notify clients etc of number
Amended 2 times- Notify clients and intermediaries of your promoter reference number Any Person
Duty of those notified to notify others of promoter's number
Amended 2 times- Pass on a promoter's reference number to other clients or contacts Client
Duty of persons to notify the Commissioners
Amended 2 timesDuty of person dealing with non-resident monitored promoter
Unlimited fine Amended 2 times- Provide tax scheme information if the promoter is based abroad Responsible Person
Monitored promoters: duty to provide information about clients
- Provide client details to HMRC if you are a monitored tax promoter Any Person
Intermediaries etc : duty to provide information about clients
Unlimited fine Amended 6 times- Provide client information to HMRC upon request Any Person
Enquiry following provision of client information
- Provide additional client information to HMRC upon request Any Person
Information required for monitoring compliance with conduct notice
Amended 1 timeDuty to notify HMRC of address
- Notify HMRC of your business address every quarter (monitored promoters) Any Person
Duty to provide information to monitored promoter
- Provide tax identifiers to your tax promoter Any Person
Appeals against notices imposing information etc requirements
- Submit written appeal to HMRC within 30 days of a notice Trader
Form and manner of providing information
Other duties (1) — Crown / regulator
- HMRC may specify how you provide information and documents Statutory regulator
Confidentiality
Amended 10 timesPenalties
Fine up to £3,000- Fail to comply with Theatre Tax Relief reporting rules Any Person
Limitation of defence of reasonable care
Amended 1 timeLiability for offences under section 277A committed by a body
2 years imprisonment- Be liable for a body’s theatre‑tax‑relief offence Director or Officer
Offence of concealing etc documents
2 years imprisonment- Conceal or destroy documents requested by HMRC Any Person
Offence of concealing etc documents following informal notification
2 years imprisonment- Conceal or destroy documents after HMRC informal notice Any Person
- Conceal or destroy documents after HMRC warning Any Person
Penalties for offences
Amended 1 timeRegulations under this Part
Amended 1 timeInterpretation of this Part
Amended 9 timesBrowse 32 other sections in this Part — procedural / definitional / commencement
Meaning of “relevant proposal” and “relevant arrangements”
Meaning of “intermediary”
Power to give stop notices
Effect of stop notices
Quarterly returns
Withdrawal of stop notices
Appeal against decision not to withdraw stop notice
Suspension of stop notice pending appeal
Automatic withdrawal of certain stop notices
Publication
Section 238: supplementary
Conduct notices: transferees
Monitoring notices: tribunal approval
Monitoring notices: content and issuing
Monitoring notices: transferees
Appeal against refusal to withdraw monitoring notice
Meaning of “monitored proposal” and “monitored arrangements”
Power to obtain information and documents
Tribunal approval for certain uses of power under section 255
Ongoing duty to provide information following HMRC notice
Failure to provide information: application to tribunal
Production of documents: compliance
Exception for certain documents or information
Limitation on duty to produce documents
Legal professional privilege
Tax advisers
Application of Schedule 36 FA 2008 powers
Failure to comply with Part 7 of the Finance Act 2004
Extended time limit for assessment
Offences relating to stop notices
Partnerships
VAT and other indirect taxes
Part 6 — Other provisions
The Code of Practice on Taxation for Banks: HMRC to publish reports
Other duties (1) — Crown / regulator
- HMRC must publish annual reports on the Code of Practice on Taxation for Banks Statutory regulator
The Code of Practice on Taxation for Banks: operation & breaches of the Code
Amended 4 timesIncrease in limit for local loans
Amended 1 timeBrowse 14 other sections in this Part — procedural / definitional / commencement
Disclosure of tax avoidance schemes: information powers
The Code of Practice on Taxation for Banks: “participating” groups or entities
The Code of Practice on Taxation for Banks: documents relating to the Code
Undertakings for collective investment in transferable securities and alternative investment funds
Companies owned by employee-ownership trusts
Trusts with vulnerable beneficiary: meaning of “disabled person”
Amounts allowed by way of double taxation relief
Controlled foreign companies: qualifying loan relationships (1)
Controlled foreign companies: qualifying loan relationships (2)
Tax consequences of financial sector regulation
Scottish basic, higher and additional rates of income tax
Report on administration of the Scottish rate of income tax
Co-operative societies etc
Removal of limitation period restriction for EU cases
Part 7 — Final provisions
Browse 3 other sections in this Part — procedural / definitional / commencement
Schedules
Suspension and revocation of remote operating licences
Other duties (1) — Crown / regulator
- HMRC must issue a breach notice before suspending a remote operating licence Statutory regulator
Promoters of tax avoidance schemes: penalties
Fine up to £1,000,000- Fail to comply with information duties under tax‑avoidance‑scheme rules Any Person
- Promoting or failing to disclose tax avoidance schemes Any Person
(1) The Commissioners for Her Majesty's Revenue and Customs may...
Other duties (1) — Crown / regulator
- HMRC may amend Theatre Tax Relief rules by regulations Statutory regulator
After section 153 insert— Power to require information or documents...
Unlimited fine- Fail to comply with information notice or obstruct HMRC inspection Any Person
For paragraph 5 (general restriction on contents of scheme) substitute—...
- Ensure share option scheme provides only share options, no cash alternatives Trader
For paragraph 5 (general restriction on contents of scheme) substitute—...
- Ensure share option scheme provides only share options, not cash Employer
After paragraph 57 insert— Penalties A company is liable for a penalty of £500 if...
- Fail to file theatre tax relief return on time or submit inaccurate return Any Person
After section 421J insert— Annual returns (1) This section applies in relation to a person who...
- Submit annual returns to HMRC for reportable events Responsible Person
In Schedule 55 to FA 2009 (penalty for failure to...
- Fail to make required tax returns Any Person
Stamp duty is not chargeable by virtue of section 66(2)...
Other duties (1) — Crown / regulator
- HMRC must not charge stamp duty on relevant share purchase returns Statutory regulator
(1) The Commissioners may direct the Gambling Commission to reinstate...
Other duties (1) — Crown / regulator
- HMRC must notify licence holders of refusal to reinstate and offer review Crown / Minister / Government department
(1) The Commissioners may direct the Gambling Commission to revoke...
Other duties (1) — Crown / regulator
- HMRC must notify licence holder of revocation direction and offer review Crown / Minister / Government department
(1) The Gambling Commission requires the consent of the Commissioners...
Other duties (1) — Crown / regulator
- Gambling Commission must obtain HMRC consent for certain licence decisions Statutory regulator
In section 17 (bingo duty) for subsection (2A) substitute—
- No bingo duty on non-licensed remote-participation bingo Any Person
In section 31 (protection of officers), for “general betting duty,...
Other duties (1) — Crown / regulator
- HMRC officers are protected when carrying out bingo duty enforcement Statutory regulator
Part 10 of TMA 1970 (penalties, etc) has effect as...
Unlimited fine- Fail to comply with theatre tax relief information duties Any Person
(1) A person who (a) fails to comply with a...
Fine up to £1,000,000- Fail to comply with HMRC information duties in theatre tax relief Any Person
(1) If the failure to comply with an information duty...
- Comply with HMRC information requests for Theatre Tax Relief Any Person
(1) If— (a) in complying with an information duty or...
- You must provide accurate information to HMRC or face penalties Any Person
(1) A person must not conceal, destroy or otherwise dispose...
- Do not conceal, destroy or dispose of documents required for tax relief records Any Person
(1) A person must not conceal, destroy or otherwise dispose...
- Do not conceal or destroy documents after HMRC warns you in writing Any Person
Browse 827 other Schedules — structural / supplementary
Corporation tax rates
Transitional provision relating to new standard lifetime allowance for the tax year 2014-15 etc
Employee share schemes
Employment-related securities etc
Venture capital trusts
Tax relief for social investments
Investments in social enterprises: capital gains
Extended ring fence expenditure supplement for onshore activities
Supplementary charge: onshore allowance
Oil contractors: ring-fence trade etc
Partnerships
Abolition of reduced rates for vehicles satisfying reduced pollution requirements
Goods shipped or carried as stores on ships or aircraft
Supplies of electronic, broadcasting and telecommunication services: special accounting schemes
SDLT: charities relief
Abolition of stamp duty and SDRT: securities on recognised growth markets
Inheritance tax
Part 3: consequential amendments and repeals
Part 3: transitional and saving provisions
Follower notices and partnerships
Promoters of tax avoidance schemes: threshold conditions
Companies owned by employee-ownership trusts
CTA 2010 is amended as follows.
In section 104N of CTA 2009 (payment of R&D expenditure...
In section 1114 of that Act (calculation of total R&D...
In Schedule 4 to that Act (index of defined expressions),...
(1) Chapter 3 of Part 8A of CTA 2010 (profits...
(1) Part 12 of CTA 2010 (real estate investment trusts)...
(1) Part 13 of CTA 2010 (other special types of...
In section 1119 of CTA 2010 (Corporation Tax Acts definitions),...
(1) Schedule 4 to CTA 2010 (index of defined expressions)...
In section 102 of FA 2012 (policy holders' rate of...
In section 6 of FA 2013 (main rate for financial...
In section 1 (overview of Act), in subsection (2)—
In Schedule 25 to that Act (charge on certain high...
(1) The amendments made by paragraphs 8, 9 and 13...
(1) The other amendments made by this Schedule have effect...
For section 3 (corporation tax rates) substitute— Corporation tax rates...
Omit Part 3 (companies with small profits).
(1) Part 8 (oil activities) is amended as follows.
In Schedule 18 to FA 1998 (company tax returns, assessments...
In Schedule 22 to FA 2000 (tonnage tax), in paragraph...
In section 99 of CAA 2001 (long-life assets: the monetary...
In Part 2 of Schedule 1 to that Act (defined...
Annual investment allowance: transitional provisions etc
(1) This paragraph applies in relation to a chargeable period...
(1) This paragraph applies where the first straddling period begins...
(1) This paragraph applies where no part of the first...
(1) This paragraph applies in relation to a chargeable period...
(1) Paragraphs 1 to 4 also apply for the purpose...
(1) Section 7 of FA 2013 (temporary increase in annual...
(1) Schedule 1 to FA 2013 (annual investment allowance) is...
Restrictions on remittance basis
ITEPA 2003 is amended as follows.
In section 23 (taxable earnings: calculation of “chargeable overseas earnings”)...
After section 24 insert— Restrictions on remittance basis (1) This section applies in relation to an employment (“the...
(1) Section 41C (taxable specific income from employment-related securities etc:...
In section 554Z9 (employment income provided through third parties: remittance...
In section 717 (orders and regulations) in subsection (4) after...
(1) Section 23(1A) of ITEPA 2003 (as inserted by paragraph...
Tax relief for theatrical production
Before Part 16 of CTA 2009 insert— PART 15C Theatrical...
In Part 8 of CTA 2009 (intangible fixed assets), in...
In section 1040ZA of CTA 2009 (additional relief for expenditure...
In section 1310 of CTA 2009 (orders and regulations), in...
In Schedule 4 to CTA 2009 (index of defined expressions)...
In Schedule 54A to FA 2009 (which is prospectively inserted...
(1) Section 357CG of CTA 2010 (profits arising from the...
(1) Any power to make regulations conferred on the Treasury...
(1) The amendments made by this Schedule have effect in...
(1) Section 826 of the Income and Corporation Taxes Act...
Schedule 18 to FA 1998 (company tax returns, assessments and...
In paragraph 10 (other claims and elections to be included...
(1) Paragraph 52 (recovery of excessive overpayments etc) is amended...
(1) Part 9D (certain claims for tax relief) is amended...
In Schedule A1 to CAA 2001 (first-year tax credits), in...
In Schedule 24 to FA 2007 (penalties for errors), in...
In section 104BA of CTA 2009 (R&D expenditure credits: restrictions...
Pension flexibility: further amendments
In Schedule 29 to FA 2004 (authorised lump sums under...
(1) In paragraph 34(2) of Schedule 36 to FA 2004...
(1) In the Registered Pension Schemes (Provision of Information) Regulations...
(1) In section 239(3) of FA 2004 (cases where person...
In section 166 of FA 2004 (payments by registered pension...
In section 282(1) and (2) of FA 2004 (making of...
The amendments made by paragraphs 1 to 5, 6(1), 7...
(1) In Schedule 29 to FA 2004 after paragraph 1A...
In Chapter 3 of Part 4 of FA 2004 (payments...
In paragraph 3 of Schedule 29 to FA 2004 (pension...
(1) In section 166(1) of FA 2004, in the lump...
(1) In the Registered Pension Schemes (Authorised Payments) Regulations 2009...
(1) In paragraph 22 of Schedule 36 to FA 2004...
In paragraph 29 of Schedule 36 to FA 2004 (modifications...
In paragraph 31(8) of Schedule 36 to FA 2004 (“block...
(1) Sub-paragraphs (2) to (2B) apply on and after 6...
(1) In section 219 of FA 2004 (availability of individual's...
(1) Column 2 of the Table at the end of...
(1) To determine amount A— (a) apply sub-paragraph (2) if...
(1) To determine amount B— (a) identify each benefit crystallisation...
Amount C is the total value of the individual's uncrystallised...
(1) To determine amount D— (a) identify each relieved non-UK...
(1) Expressions used in this Part of this Schedule and...
(1) The Commissioners for Her Majesty's Revenue and Customs may...
(1) Regulations under paragraph 7 or 8 may include supplementary...
Pension schemes
Part 4 of FA 2004 (pension schemes etc) is amended...
(1) Section 172A (payments by registered pension schemes: surrender) is...
In section 207 (authorised surplus payments charge) after subsection (6)...
The amendments made by paragraphs 10 and 11 have effect...
(1) Section 188 (relief for members' contributions) is amended as...
(1) Section 266A (member's liability) is amended as follows.
(1) Section 266B (scheme's liability) is amended as follows.
The amendments made by paragraphs 13 to 15 have effect...
In section 255 (assessments under Part) in subsection (1) after...
In section 272 (trustees etc liable as scheme administrator) in...
After section 272 insert— Liabilities of independent trustee (1) This section applies in relation to a person (“P”)...
(1) Section 153 (applications for registration) is amended as follows....
In section 273 (members liable as scheme administrator) after subsection...
(1) Section 274 (supplementary) is amended as follows.
Sections 272A to 272C (as inserted by paragraph 19) have...
In the following provisions (which relate to the giving of...
After section 156 insert— Cases where application for registration not...
(1) The amendments made by paragraphs 2 to 4 are...
(1) Section 158 (grounds for de-registration) is amended as follows....
In Chapter 2, after section 159 insert— Power to require...
(1) The amendments made by paragraphs 6 and 7 have...
(1) In section 270 (meaning of “scheme administrator”) in subsection...
Chapter 6 of Part 7 of ITEPA 2003 (employment income:...
In section 510 (payments by trustees) in subsection (1) for...
In section 517 (share options to which Chapter applies) in...
(1) Section 519 (no charge in respect of exercise of...
Schedule 3 is amended as follows.
In the title omit “Approved”.
In the cross-heading before paragraph 1 for “Approval of” substitute...
(1) Paragraph 1 (introduction) is amended as follows.
In the title of Part 2 omit “for approval”.
In the cross-heading before paragraph 4 omit “for approval”.
In paragraph 17 (requirements relating to shares that may be...
In section 511 (deductions to be made by trustees) in...
In paragraph 25 (requirements as to contributions to savings arrangements)...
(1) Paragraph 28 (requirements as to price for acquisition of...
In paragraph 32 (exercise of options: death) after “exercised” insert...
In paragraph 34 (exercise of options: scheme-related employment ends) in...
(1) Paragraph 37 (exercise of options: company events) is amended...
(1) Paragraph 38 (exchanges of options on company reorganisation) is...
(1) Paragraph 39 (requirements about share options granted in exchange)...
For Part 8 substitute— PART 8 Notification of schemes, annual...
(1) Paragraph 45 (power to require information) is amended as...
After paragraph 47 insert— Non-UK company reorganisation arrangements (1) For the purposes of the SAYE code a “non-UK...
In section 515 (tax advantages and charges under other Acts)...
In paragraph 49 (index of defined expressions)—
TCGA 1992 is amended as follows.
(1) Section 105A (shares acquired on same day: election for...
In section 105B (provision supplementary to section 105A) in subsections...
In section 238A (share schemes and share incentives) in subsection...
Part 2 of Schedule 7D (SAYE option schemes) is amended...
In the title for “Approved” substitute “ Schedule 3 ”....
In paragraph 9 (introduction) in sub-paragraphs (1) and (2) omit...
(1) Paragraph 10 (market value rule not to apply) is...
ITEPA 2003 is amended as follows.
Schedule 2 is amended as follows.
In section 227 (scope of Part 4) in subsection (4)(e)...
In section 417 (scope of Part 7) in subsection (2),...
In section 431A (provision relating to restricted securities) in subsection...
In section 473 (introduction to taxation of securities options) in...
In section 476 (charge on occurrence of chargeable event) in...
In section 549 (application of Chapter 11 of Part 7)...
(1) Section 554E (exclusions under Part 7A) is amended as...
In section 697 (PAYE: enhancing the value of an asset)...
In section 701 (PAYE: meaning of “asset”) in subsection (2)(c)—...
In section 195 of FA 2004 (pensions: transfer of certain...
In the title omit “Approved”.
(1) Section 94A of ITTOIA 2005 (costs of setting up...
(1) Section 703 of ITTOIA 2005 (SAYE interest: meaning of...
(1) Section 999 of CTA 2009 (deduction for costs of...
The Individual Savings Account Regulations 1998 are amended as follows....
In regulation 2 (interpretation) in paragraph (1)(a)—
In regulation 7 (qualifying investments) in paragraphs (2)(h)(i) and (10)(a)...
This Part is treated as having come into force on...
Paragraphs 148 to 157 below apply in relation to an...
(1) If the scheme was an approved SAYE option scheme...
(1) If the scheme was an approved SAYE option scheme...
In the cross-heading before paragraph 1 for “Approval of” substitute...
If the scheme was an approved SAYE option scheme immediately...
(1) This paragraph applies if, immediately before 6 April 2014,...
(1) The amendment made by paragraph 112 above has no...
(1) The amendments made by paragraph 113 above have no...
(1) This paragraph applies if, immediately before 6 April 2014,...
(1) Paragraph 40A of Schedule 3 to ITEPA 2003 (as...
If the scheme was an approved SAYE option scheme before...
The amendments made by paragraph 118 above do not affect...
Chapter 8 of Part 7 of ITEPA 2003 (employment income:...
In the title omit “Approved”.
(1) Paragraph 1 (introduction) is amended as follows.
(1) Section 521 (introduction to CSOP schemes) is amended as...
In section 522 (share options to which Chapter applies) in...
(1) Section 524 (no charge in respect of exercise of...
Schedule 4 is amended as follows.
In the title omit “Approved”.
In the cross-heading before paragraph 1 for “Approval of” substitute...
(1) Paragraph 1 (introduction) is amended as follows.
In the title for Part 2 omit “for approval”.
In the cross-heading before paragraph 4 omit “for approval”.
In the cross-heading before paragraph 6 omit “for approval”.
In paragraph 6 (limit on value of shares subject to...
In paragraph 15 (requirements relating to shares that may be...
In paragraph 21 (requirements relating to share options) in sub-paragraph...
After paragraph 21 insert— General requirements as to terms of...
(1) Paragraph 22 (requirements as to price for acquisition of...
(1) Paragraph 25 (exercise of options: death) is amended as...
(1) Paragraph 25A (exercise of options: company events) is amended...
(1) Paragraph 26 (exchanges of options on company reorganisation) is...
(1) Paragraph 27 (requirements about share options granted in exchange)...
For Part 7 substitute— PART 7 Notification of schemes, annual...
(1) Paragraph 6 (general requirements for SIPs) is amended as...
(1) Paragraph 33 (power to require information) is amended as...
After paragraph 35 insert— Non-UK company reorganisation arrangements (1) For the purposes of the CSOP code a “non-UK...
In paragraph 37 (index of defined expressions)—
TCGA 1992 is amended as follows.
In section 238A (share schemes and share incentives) in subsection...
Part 3 of Schedule 7D (CSOP schemes) is amended as...
In the title for “Approved” substitute “ Schedule 4 ”....
(1) Paragraph 11 (introduction) is amended as follows.
In paragraph 12 (relief where income tax charged in respect...
In paragraph 13 (market value rule not to apply) in...
(1) Paragraph 7 (the purpose of the plan) is amended...
ITEPA 2003 is amended as follows.
In section 227 (scope of Part 4) in subsection (4)(g)...
In section 417 (scope of Part 7) in subsection (2),...
In section 431A (which makes provision relating to restricted securities...
In section 473 (introduction to taxation of securities options) in...
In section 475 (no charge in respect of acquisition of...
In section 476 (charge on occurrence of chargeable event) in...
In section 480 (deductible amounts) in subsection (4) omit “approved”....
In section 539 (CSOP and other options relevant for purposes...
In section 549 (application of Chapter 11 of Part 7)...
In the title omit “Approved”.
In paragraph 18 (requirement not to participate in other SIPs)...
(1) Section 554E (exclusions under Part 7A) is amended as...
In section 697 (PAYE: enhancing the value of an asset)...
In section 701 (PAYE: meaning of “asset”) in subsection (2)(c)(ia)...
In paragraph 5 of Schedule 5 (enterprise management incentives: maximum...
This Part is treated as having come into force on...
Paragraphs 206 to 215 below apply in relation to a...
(1) If the scheme was an approved CSOP scheme immediately...
(1) If the scheme was an approved CSOP scheme immediately...
If the scheme was an approved CSOP scheme immediately before...
(1) The amendments made by paragraphs 172, 173 and 174(2)...
In paragraph 18A (participation in more than one connected SIP)...
(1) This paragraph applies if, immediately before 6 April 2014...
(1) The amendments made by paragraph 175 above have no...
(1) This paragraph applies if immediately before 6 April 2014...
(1) Paragraph 28A of Schedule 4 to ITEPA 2003 (as...
If the scheme was an approved CSOP scheme before 6...
The amendments made by paragraph 180 above do not affect...
Schedule 5 to ITEPA 2003 (enterprise management incentives) is amended...
(1) Paragraph 44 (notice of option to be given to...
For paragraph 52 (annual returns) substitute— (1) This paragraph applies in relation to a company whose...
(1) Paragraph 53 (compliance with time limits) is amended as...
In paragraph 37 (holding period: power of participant to direct...
In the second column of the Table in section 98...
This Part is treated as having come into force on...
The amendments made by paragraph 217 above have no effect...
(1) The amendment made by paragraph 218 above has effect...
The amendment made by paragraph 219(3) above does not affect...
Chapter 1 of Part 7 of ITEPA 2003 (employment income:...
(1) Section 421J (duty to provide information) is amended as...
In section 421K (reportable events) in subsection (1) for “section...
In paragraph 43 (partnership shares: introduction) after sub-paragraph (2A) insert—...
In section 421L (responsible persons) in subsection (1) for “section...
In the second column of the Table in section 98...
This Part is treated as having come into force on...
The amendments made by paragraphs 227 and 231 above have...
(1) Section 421JA of ITEPA 2003 (as inserted by paragraph...
In the cross-heading before paragraph 56 for “withdrawal of approval”...
(1) Paragraph 56 (repayment of partnership share money) is amended...
(1) Paragraph 65 (general requirements as to dividend shares) is...
In paragraph 71A (duty to monitor participants) for “approved” substitute...
For Part 10 substitute— PART 10 Notification of plans, annual...
In paragraph 89 (termination of plan) in sub-paragraph (2) omit...
(1) Section 488 (introduction to share incentive plans) is amended...
In paragraph 90 (effect of plan termination notice) in sub-paragraph...
(1) Paragraph 93 (power to require information) is amended as...
In paragraph 100 (index of defined expressions)—
TCGA 1992 is amended as follows.
In section 236A (relief for transfers to share incentive plans)...
(1) Section 238A (share schemes and share incentives) is amended...
Schedule 7C (relief for transfers to share plans) is amended...
In the title for “approved” substitute “ Schedule 2 ”....
In paragraph 2 (conditions relating to disposal) in sub-paragraph (1)...
Schedule 7D (share schemes and share incentives) is amended as...
(1) Section 489 (operation of tax advantages) is amended as...
In the title omit “Approved”.
In the title of Part 1 for “Approved” substitute “...
(1) Paragraph 1 (introduction to Part 1) is amended as...
In paragraph 2 (gains accruing to trustees) in sub-paragraph (1)(a)...
ITEPA 2003 is amended as follows.
In section 227 (scope of Part 4) in subsection (4)(c)...
In section 417 (scope of Part 7) in subsection (2),...
(1) Section 431A (provision relating to restricted securities) is amended...
In section 549 (application of Chapter 11 of Part 7)...
(1) Section 554E (exclusions under Part 7A) is amended as...
In section 498 (no charge on shares ceasing to be...
In paragraph 11 of Schedule 4 (CSOP schemes: material interest)...
In paragraph 30 of Schedule 5 (enterprise management incentives: material...
In section 195 of FA 2004 (pensions: transfer of certain...
Chapter 3 of Part 4 of ITTOIA 2005 (savings and...
In section 382 (contents of Chapter 3) in subsection (1)(c)...
In the cross-heading before section 392 for “approved” substitute “...
In section 392 (SIP shares: introduction) in subsection (1) for...
(1) Section 394 (distribution when dividend shares cease to be...
In section 395 (reduction in tax due in cases within...
In section 396 (interpretation) in subsections (1) and (2) omit...
(1) Section 500 (operation of tax charges) is amended as...
Chapter 4 of Part 4 of ITTOIA 2005 (savings and...
In the cross-heading before section 405 for “approved” substitute “...
(1) Section 405 (SIP shares: introduction) is amended as follows....
(1) Section 407 (dividend payment when dividend shares cease to...
In section 408 (reduction in tax due in cases within...
Chapter 9 of Part 6 of ITTOIA 2005 (exempt income)...
In the cross-heading before section 770 for “Approved” substitute “...
(1) Section 770 (amounts applied by SIP trustees) is amended...
Part 9 of ITA 2007 (special rules about settlements and...
In section 462 (overview of Part) in subsection (5) for...
In section 503 (charge on partnership share money) in subsection...
In section 479 (trustees' accumulated or discretionary income charged at...
(1) Section 488 (application of section 479 to trustees of...
In section 489 (“the applicable period”) in subsection (8)(a) for...
In section 490 (interpretation of Chapter 5) in subsection (1)...
Chapter 1 of Part 11 of CTA 2009 (relief for...
(1) Section 983 (overview of Chapter) is amended as follows....
(1) Section 987 (deduction for cost of setting up plan)...
(1) Section 988 (deductions for running expenses) is amended as...
In section 989 (deduction for contribution to plan trust) in...
In section 994 (deduction for providing free or matching shares)...
(1) Section 506 (charge on partnership shares ceasing to be...
In section 995 (deduction for additional expense in providing partnership...
In section 997 (no deduction for expenses in providing dividend...
For the cross-heading before section 998 substitute “ Plan ceasing...
(1) Section 998 (withdrawal of deductions) is amended as follows....
The Individual Savings Account Regulations 1998 are amended as follows....
In regulation 2 (interpretation) in paragraph (1)(a)—
In regulation 7 (qualifying investments) in paragraph (2)(h)(iii) for “an...
In regulation 34 (capital gains tax: adaptation of enactments) in...
The Employee Share Schemes (Electronic Communication of Returns and Information)...
This Part is treated as having come into force on...
In section 509 (modification of section 696) in subsection (1)(a)...
Paragraphs 91 to 96 below apply in relation to a...
(1) If the SIP was an approved SIP immediately before...
(1) If the SIP was an approved SIP immediately before...
If the SIP was an approved SIP immediately before 6...
(1) Paragraph 81A of Schedule 2 to ITEPA 2003 (as...
If the SIP was an approved SIP before 6 April...
The amendments made by paragraph 31 above do not affect...
Chapter 7 of Part 7 of ITEPA 2003 (employment income:...
In the title omit “Approved”.
(1) Section 516 (introduction to SAYE option schemes) is amended...
ITEPA 2003 is amended as follows.
(1) Section 428 (restricted securities: amount of charge) is amended...
In section 430 (election for outstanding restrictions to be ignored),...
In section 431 (election for full or partial disapplication of...
In section 446T (securities acquired for less than market value:...
Omit section 474 (cases where Chapter 5 of Part 7...
In section 480 (securities options: deductible amounts), after subsection (5)...
(1) Section 540 (no charge on acquisition of shares as...
Part 7A (employment income provided through third parties) is amended...
In section 554L (exclusions: earmarking for employee share schemes (3)),...
(1) Section 554M (exclusions: earmarking for employee share schemes (4))...
Part 2 (employment income: charge to tax) is amended as...
(1) Section 554N (exclusions: other cases involving employment-related securities etc)...
In Chapter 4 of Part 11 (PAYE: special types of...
TCGA 1992 is amended as follows.
In section 119A (increase in expenditure by reference to tax...
(1) Section 119B (section 119A: unremitted foreign securities income) is...
In section 144ZB (exception to rule in section 144ZA), in...
In section 149A (employment-related securities options), in subsection (1)(b), omit...
In section 149AA (restricted and convertible employment-related securities and employee...
In section 288 (interpretation), in subsection (1A), omit “or would,...
In section 809K of ITA 2007 (remittance of income and...
In section 6 (nature of charge to tax on employment...
CTA 2009 is amended as follows.
In section 1017 (condition relating to employee's income tax position...
In section 1025 (additional CT relief available if shares are...
In section 1032 (meaning of “chargeable event” for the purposes...
ITEPA 2003 is amended as follows.
(1) In Chapter 1 of Part 7 (income and exemptions...
In Chapter 2 of Part 7 (restricted securities), before section...
(1) In Chapter 3C of Part 7 (securities acquired for...
In section 554N (exclusions from Chapter 2 of Part 7A:...
Part 12 of CTA 2009 (other relief for employee share...
In section 10 (meaning of “taxable earnings” and “taxable specific...
In Chapter 1 (introduction), in section 1002 (“employment”), after subsection...
In section 1005 (other definitions)— (a) at the end of...
In Chapter 2 (corporation tax relief if shares are acquired...
In Chapter 3 (corporation tax relief if employee or other...
(1) Section 1016 (conditions relating to shares acquired) is amended...
In Chapter 4 (additional corporation tax relief in cases involving...
In Chapter 5 (additional corporation tax relief in cases involving...
Part 1 and paragraphs 40 to 43, 45 and 46...
The amendments made by Part 1 have effect on and...
The Treasury may by regulations— (a) make transitional provision or...
For Chapter 5A (taxable specific income: effect of remittance basis)...
(1) Regulations made under paragraph 49 may—
Part 7 (employment income: income and exemptions relating to securities)...
In section 418 (other related provisions), before subsection (1) insert—...
Omit section 421E (employment-related securities: exclusions, residence etc).
In section 425 (no charge in respect of acquisition in...
(1) In section 270 of ITA 2007 (assessment on withdrawal...
(1) After section 264 of ITA 2007 insert— Restricting relief...
(1) Section 281 of ITA 2007 (withdrawal of VCT approval...
In section 322 of ITA 2007 (power to facilitate mergers...
(1) After section 330 of ITA 2007 insert— Nominees Nominees...
In ITA 2007, after Part 5A (seed enterprise investment scheme)...
In section 392 (loan to buy interest in close company)...
In section 416 (gift aid: meaning of “qualifying donation”) after...
In section 1014(5)(b) (orders and regulations not subject to negative...
In section 1022 (meaning of “debenture”) after subsection (1) insert—...
(1) Section 98 of TMA 1970 (penalties) is amended as...
ITA 2007 is amended as follows.
In section 2 (overview of Act) after subsection (5A) insert—...
In section 24A(7)(d) (share loss relief on the disposal of...
In section 26(1)(a) (provisions giving rise to deductions at Step...
In section 27(5) (order in which certain tax reductions are...
In section 29(4B) (limit on certain tax reductions) after the...
In section 32 (liabilities to income tax not dealt with...
TCGA 1992 is amended as follows.
After section 255 insert— Investments in social enterprises Hold-over relief...
Before Schedule 9 insert— SCHEDULE 8B Hold-over relief for gains...
General Block Exemption Regulation
CAA 2001 is amended as follows.
(1) Section 45DB (exclusions from allowances under section 45DA) is...
In section 45K (expenditure on plant and machinery for use...
(1) Section 45M (exemptions from allowances under section 45K) is...
(1) Section 45N (effect of plant or machinery subsequently being...
In section 212T(6) (cap on first-year allowances: zero-emission goods vehicles),...
In section 212U(5) (cap on first-year allowances: expenditure on plant...
The amendments made by this Schedule have effect in relation...
Part 8 of CTA 2010 (oil activities) is amended as...
(1) For the purpose of determining the amount of activated...
Section 357 (other definitions) is renumbered as section 356AA.
After Chapter 7 insert— CHAPTER 8 Supplementary charge: onshore allowance...
(1) Section 352 (meaning of “qualifying oil field”) is amended...
(1) CTA 2010 is amended as follows.
(1) The amendments made by paragraphs 3 and 5(1), (2)(a),...
(1) This paragraph applies in relation to any oil field...
(1) Paragraphs 9 and 10 apply where a company has...
(1) The amount (if any) by which the company's adjusted...
CTA 2010 is amended as follows.
In section 1 (overview of Act), in subsection (3), after...
In Chapter 4 of Part 8 (oil activities: calculation of...
After Part 8 (oil activities) insert— PART 8ZA Oil contractors...
In Schedule 4 (index of defined expressions), insert the following...
This Schedule is to be treated as having come into...
Section 356L of CTA 2010 has effect in relation to...
(1) If, on the commencement date, a company was carrying...
(1) A company may be given relief under section 45...
In Part 9 of ITTOIA 2005 (partnerships) after section 863...
(1) Part 17 of CTA 2009 (partnerships) is amended as...
(1) Subject to sub-paragraph (2), the amendments made by paragraphs...
(1) Section 850C of ITTOIA 2005 has effect for periods...
(1) Section 850D of ITTOIA 2005 has effect for periods...
(1) The amendments made by paragraphs 8 and 9 have...
At the end of Part 9 of ITTOIA 2005 (partnerships)...
(1) TMA 1970 is amended as follows.
In Part 3 of TCGA 1992 (which makes special provision...
In Part 4 of FA 2004 (pensions) in section 189...
In section 23 of ITA 2007 (calculation of income tax...
In Part 17 of CTA 2009 (partnerships) after section 1273...
(1) The Commissioners for Her Majesty's Revenue and Customs may...
The amendments made by this Part have effect for the...
Part 13 of ITA 2007 (tax avoidance) is amended as...
(1) In Chapter 5A (transfers of income streams) section 809AZF...
(1) After Chapter 5A insert— Chapter 5AA Disposals of income...
(1) After Chapter 5C insert— Chapter 5D Disposals of assets...
Part 16 of CTA 2010 (factoring of income etc) is...
(1) In Chapter 1 (transfers of income streams) section 756...
(1) After Chapter 1 insert— Chapter 1A Disposals of income...
(1) After Chapter 3 insert— Chapter 4 Disposals of assets...
(1) ITTOIA 2005 is amended as follows.
(1) CTA 2009 is amended as follows.
In Chapter 8 of Part 2 of ITEPA 2003 (application...
(1) Subject to what follows, the amendments made by this...
(1) Part 9 of ITTOIA 2005 (partnerships) is amended as...
(1) Chapter 3 of Part 4 of ITA 2007 (trade...
(1) Chapter 4 of Part 4 of ITA 2007 (losses...
VERA 1994 is amended as follows.
In consequence of the amendments made by paragraphs 4 to...
This Part of this Schedule makes provision for the coming...
In the case of an exceptional load vehicle—
In the case of a rigid goods vehicle or tractive...
In the case of the vehicles described in paragraph 15...
Those vehicles are— (a) a bus, light exceptional load vehicle...
In the case of the vehicles described in paragraphs 17...
A bus, light exceptional load vehicle or haulage vehicle which...
(1) A rigid goods vehicle or tractive unit—
The amendments made by paragraphs 2 and 3 come into...
Omit section 61B (certificates as to reduced pollution).
In this Schedule— “bus” has the same meaning as in...
In consequence of the amendment made by paragraph 2—
In paragraph 3 of Schedule 1 (annual rates of duty:...
In paragraph 6 of Schedule 1 (annual rates of duty:...
In paragraph 7 of Schedule 1 (annual rates of duty:...
Omit paragraphs 9A and 9B of Schedule 1.
Omit paragraphs 11A and 11B of Schedule 1.
In paragraph 11C of Schedule 1 (annual rates of duty:...
Other amendments about vehicle excise duty
VERA 1994 is amended as follows.
In section 31A (offence by registered keeper where vehicle unlicensed)—...
In section 31B (exceptions to section 31A), in subsection (9)(a)(i),...
In section 31C (penalties for offences under section 31A), in...
Omit section 33 (offence of not exhibiting licence).
Omit section 33A (not exhibiting licence: period of grace).
Omit section 35 (failure to return licence).
(1) Section 35A (dishonoured cheques) is amended as follows.
(1) Section 36 (dishonoured cheques: additional liability) is amended as...
In section 44 (forgery and fraud), in subsection (2), omit...
In section 58 (fees prescribed by regulations) omit “7(6)(b),”.
In section 7 (issue of vehicle licences), omit subsections (6)...
In section 62 (definitions), in the definition of “nil licence”,...
In Schedule 3 to the Road Traffic Offenders Act 1988...
The amendments made by this Schedule come into force on...
(1) Section 7A (supplement payable on vehicle ceasing to be...
Omit section 10 (transfer of vehicle licences).
In section 14 (trade licences: supplementary)— (a) in subsection (2),...
(1) Section 19 (rebates) is amended as follows.
In section 22 (registration regulations)— (a) omit subsection (2A)(c), and...
In section 29 (penalty for keeping unlicensed vehicle)—
In section 31 (relevant period for purposes of section 30),...
Climate change levy: exemptions for mineralogical and metallurgical processes etc
Schedule 6 to FA 2000 (climate change levy) is amended...
(1) The amendments made by this Part are treated as...
Schedule 6 to FA 2000 (climate change levy) is amended...
In paragraph 12A (as inserted by paragraph 2 above) after...
In paragraph 13A (power to make provision amending paragraph 13)...
(1) Paragraph 146 (regulations and orders) is amended as follows....
After paragraph 12 insert— Exemption: mineralogical and metallurgical processes (1) A supply of a taxable commodity to a person...
(1) Paragraph 42 (amount payable by way of levy) is...
Omit paragraph 43A (supplies for use in scrap metal recycling)...
In paragraph 43B (supplies for use in scrap metal recycling...
In paragraph 62 (tax credits) in sub-paragraph (1) omit paragraphs...
In paragraph 101 (civil penalties: incorrect certificates) in sub-paragraph (2)(a)—...
(1) The Climate Change Levy (General) Regulations 2001 (S.I. 2001/838)...
(1) Schedule 1 to the Climate Change Levy (Fuel Use...
(1) Section 1 of CEMA 1979 (interpretation) is amended as...
(1) Any power to make regulations conferred by virtue of...
(1) Schedule 55 to FA 2009 (including the amendments of...
In section 39 of CEMA 1979 (entry of surplus stores),...
In CEMA 1979, after section 60 insert— Power to make...
(1) Section 61 of CEMA 1979 (provisions as to stores)...
In consequence of the provision made by paragraph 4, in...
In CEMA 1979, after section 60A (inserted by paragraph 3...
In Schedule 56 to FA 2009 (penalty for failure to...
In paragraph 2 of Schedule 5 to FA 1994 (decisions...
After Schedule 3B to VATA 1994 insert— SCHEDULE 3BA Electronic,...
(1) In Part 5 of the Schedule (supplementary), paragraph 23...
VATA 1994 is amended in accordance with paragraphs 12 to...
(1) Section 3A (supply of electronic services in member States:...
In section 76 (assessment of amounts due by way of...
After section 76 insert— Section 76: cases involving special accounting...
In section 77 (assessment: time limits and supplementary assessments)—
In section 80 (repayment of overpaid VAT etc), in subsection...
In section 84(6) (appeals: variation of amounts assessed by way...
In paragraph 12 of Schedule 1A to VATA 1994 (cancellation...
(1) Paragraph 1 of Schedule 24 to FA 2007 (penalties...
In section 3A of VATA 1994 (supply of electronic services...
(1) FA 2009 is amended as follows.
(1) Schedule 10 to F(No.3)A 2010 (which prospectively amends Schedule...
(1) Schedule 11 to F(No.3)A 2010 (which prospectively amends Schedule...
(1) The amendments made by this Schedule (except the amendments...
(1) No registration under Schedule 3BA (inserted by paragraph 1)...
(1) No registration under Schedule 3B that is to be...
Schedule 3B to VATA 1994 (supply of electronic services in...
For paragraph 3 (qualifying supplies) substitute— (1) In this Schedule “qualifying supply” means a supply of...
For the title of the Schedule substitute— “ ELECTRONIC, TELECOMMUNICATION...
(1) Part 1 of the Schedule (registration) is amended as...
(1) Part 2 of the Schedule (obligations following registration, etc)...
For Part 3 of the Schedule (understatements and overstatements of...
(1) Part 4 of the Schedule (application of provisions relating...
Schedule 8 to FA 2003 (stamp duty land tax: charities...
In paragraph 1 (conditions for charities relief)—
After paragraph 3 insert— Joint purchasers: partial relief (1) Sub-paragraphs (3) to (5) apply in any case where—...
In paragraph 4(3) (charitable trusts)— (a) in paragraph (a), for...
The amendments made by this section have effect in relation...
Part 4 of FA 1986 (stamp duty reserve tax) is...
In section 70 of that Act (clearance services), after subsection...
(1) Schedule 15 to FA 2003 (SDLT: partnerships) is amended...
(1) Paragraph 6 has effect in relation to any purchase...
In section 99 (interpretation), after subsection (4A) insert—
After that section insert— Section 99(4B): “listed” and “recognised growth...
(1) The amendment made by paragraph 2 has effect in...
Stamp duty is not chargeable under Schedule 13 to FA...
Section 12 of FA 1895 (collection of stamp duty in...
In paragraphs 5 to 7 “listed” and “recognised growth market”...
In section 67 of FA 1986 (depositary receipts), after subsection...
IHTA 1984 is amended as follows.
Section 8 (indexation) does not have effect by virtue of...
(1) After section 162A (liabilities attributable to financing excluded property)...
(1) In section 64 (charge at ten-year anniversary), after subsection...
(1) In section 216(6) (time for delivery of accounts), before...
The bank levy: miscellaneous changes
Schedule 19 to FA 2011 (the bank levy) is amended...
(1) After paragraph 38 insert— (1) Liabilities are excluded if they represent cash collateral provided...
(1) After paragraph 76 insert— (1) Liabilities under derivative contracts are never “long term” (and...
In paragraph 81 (power to make consequential amendments), in sub-paragraph...
(1) This paragraph applies where— (a) an amount of the...
In paragraph 15 (chargeable equity and liabilities of a UK...
In paragraph 17 (chargeable equity and liabilities of foreign banking...
In paragraph 19 (chargeable equity and liabilities of non-banking groups)—...
In paragraph 21 (chargeable equity and liabilities of UK resident...
In paragraph 27 (determination of foreign bank's chargeable equity and...
The amendments made by paragraphs 2 to 6 have effect...
(1) Paragraph 29 (“excluded” equity and liabilities: protected deposits) is...
(1) Paragraph 30 (“excluded” equity and liabilities: tier one capital...
(1) The Commissioners may give a breach notice to the...
(1) If it appears to the Commissioners that the breach...
(1) After the review request period has ended, the Commissioners...
(1) An appeal tribunal may direct the Gambling Commission to...
(1) A notice under this Schedule— (a) must be in...
References in this Schedule to the holder of a remote...
BGDA 1981 is amended as follows.
CEMA 1979 is amended as follows
(1) Section 1(1) (interpretation) is amended as follows.
After section 118BC insert— Inspection powers: betting duties and remote...
(1) Section 118BD (inspection powers: supplementary provision) is amended as...
In section 118G(1) (offence of failing comply with requirements imposed...
FA 1994 is amended as follows.
In section 12 (assessments to excise duty), in subsection (2)(c)—...
Omit section 13A(2)(ga) (relevant decision: double taxation relief repayment).
(1) Paragraph 6 of Schedule 5 (decisions subject to review...
(1) Section 23A (meaning of “relevant machine game”) of VATA...
Omit sections 1 to 12 (general betting duty and pool...
(1) Schedule 1 to FA 1997 (gaming duty: administration and...
Omit paragraph 27 of Schedule 1 to the Criminal Justice...
The Gambling Act 2005 is amended as follows.
In section 67 (remote operating licence), at the end insert—...
In section 118 (suspension of operating licence), after subsection (3)...
After that section insert— Reinstatement (1) If an operating licence has been suspended in accordance...
In section 119 (revocation of operating licence), after subsection (3)...
(1) The Table in paragraph 1 of Schedule 41 to...
FA 2009 is amended as follows.
The Table in paragraph 1 of Schedule 55 (penalty for...
(1) The Table in paragraph 1 of Schedule 56 (penalty...
(1) Schedule 24 to FA 2012 (machine games duty) is...
Omit sections 26A to 26M (remote gaming duty).
In section 27 (offences by bodies corporate), omit “paragraph 13(1)...
Omit Schedule A1 (general betting duty and pool betting duty:...
Omit Schedule 1 (administration of general betting duty and pool...
Omit Schedule 4B (remote gaming duty: double taxation relief).
(1) The final accounting period for the purposes of a...
(1) The final reconciliation period for the purposes of a...
(1) In this paragraph “new accounting period” means an accounting...
(1) In this paragraph “transitional accounting period” means an accounting...
(1) This paragraph applies where— (a) a person (“the provider”)...
(1) In this paragraph “new accounting period” means an accounting...
(1) In this paragraph “transitional accounting period” means an accounting...
(1) In this paragraph “transitional accounting period” means an accounting...
(1) The amendments and repeals made by Schedule 28 do...
Section 208 or 208A penalty: value of the denied advantage
This Schedule applies for the purposes of calculating penalties under...
(1) The value of the denied advantage is the additional...
(1) To the extent that the denied advantage has the...
(1) To the extent that the denied advantage is a...
This Schedule makes special provision about the application of Chapter...
(1) This paragraph applies for the purposes of this Schedule....
(1) If the representative partner in relation to a partnership...
(1) Section 208 applies, in relation to a partnership follower...
Section 208A(3) applies, in relation to a partnership follower notice,...
(1) This paragraph applies in relation to a partnership follower...
Accelerated payments and partnerships
(1) This paragraph applies for the purposes of this Schedule....
(1) This paragraph applies where— (a) a tax enquiry is...
(1) Where a partnership return has been made in respect...
(1) The partner payment notice given to a relevant partner...
(1) This paragraph applies where a partner payment notice has...
(1) This paragraph applies where— (a) a partner payment notice...
(1) This paragraph applies where— (a) an accelerated payment notice...
Section 226 (penalty for failure to make accelerated payment on...
(1) Section 227 (withdrawal, modification or suspension of accelerated payment...
Part 4: consequential amendments
In section 9B of TMA 1970 (amendment of return by...
In section 103ZA of that Act (disapplication of sections 100...
In paragraph 12 of Schedule 24 to FA 2007 (penalties...
In paragraph 15 of Schedule 41 to FA 2008 (penalties:...
In paragraph 17 of Schedule 55 to FA 2009 (penalty...
Promotion structures
A person (“A”) is a member of a promotion structure...
(1) A falls within this case if—
(1) A falls within this case if A acts under...
(1) A falls within this case if—
(1) A falls within this case if—
Each of the conditions described in paragraphs 2 to 12...
(1) A person meets this condition if the person fails...
(1) A person (“P”) meets this condition if P enters...
A person meets this condition if the person is subject...
(1) This paragraph contains definitions for the purposes of this...
(1) A relevant body is treated as meeting a threshold...
(1) If at a time when a person controlled or...
(1) If— (a) a person controlled or had significant influence...
(1) The Treasury may by regulations amend this Schedule.
A person meets this condition if the Commissioners publish information...
A person meets this condition if the person is named...
A person meets this condition if the person is given...
(A1) A person meets this condition if the person fails...
(1) A person meets this condition if the person is...
(1) A person meets this condition if one or more...
(1) A person who carries on a trade or profession...
(1) A person meets this condition if a regulatory authority...
Promoters of tax avoidance schemes: defeated arrangements
In this Schedule— (a) Part 2 is about the meaning...
For the purposes of this Part of this Act a...
Condition A is that— (a) a person has made a...
(1) Condition B is that a follower notice has been...
(1) Condition C is that— (a) the arrangements are DOTAS...
(1) Condition D is that— (a) the arrangements are disclosable...
(1) Condition E is that the arrangements are disclosable VAT...
(1) Condition F is that— (a) a person has made...
(1) Sub-paragraph (2) applies if— (a) there is (or has...
(1) This paragraph applies if— (a) an authorised officer becomes...
(1) In this Part of this Schedule “ relevant body...
(1) For the purposes of this Part of this Act,...
(1) A relevant body is treated as meeting a section...
(1) If at a time when a person controlled or...
(1) If— (a) a person controlled or had significant influence...
(1) In this Part of this Schedule— “ control ”...
In this Schedule “ adjustments ” means any adjustments, whether...
(1) In this Schedule “ avoidance-related rule ” means a...
(1) For the purposes of this Schedule arrangements are “DOTAS...
(1) For the purposes of this Schedule arrangements are “disclosable...
For the purposes of paragraph 26A arrangements are “disclosable Schedule...
(1) A person “fails to comply” with any provision mentioned...
For the purposes of this Schedule the counteraction of a...
(1) For the purposes of this Schedule arrangements are “...
(1) In this Schedule, in relation to inheritance tax, each...
(1) The Treasury may by regulations amend this Schedule (apart...
(1) A defeat of arrangements (entered into by any person)...
(1) This paragraph applies if arrangements (entered into by any...
In relation to a person, if there has been a...
(1) Case 1 applies if— (a) any of Conditions A...
Case 2 applies if Condition F is met in relation...
(1) Case 3 applies if— (a) at least 75% of...
In this Schedule a reference to an “information duty” is...
(1) A penalty under this Schedule is to carry interest...
A person is not liable to a penalty under this...
A person is not liable to a penalty under—
(1) If it appears to the Treasury that there has...
A failure to do anything required to be done within...
(1) Liability to a penalty under this Schedule does not...
Promoters of tax avoidance schemes: partnerships
(1) Persons carrying on a business in partnership—
(1) This paragraph applies if— (a) a person (“a departing...
(1) In this Part of this Act— “replacement conduct notice”...
The look-forward period for a notice under paragraph 7A(2) or...
A notice under paragraph 8(2) or (3) or 10(3)(a) or...
An authorised officer may not give a replacement conduct notice...
Where the monitored promoter referred to in section 248(2) is...
(1) A notice given to a partnership under this Part...
(1) Where the responsible partners are liable to a penalty...
(1) Any notice given to a partnership by an officer...
(1) Anything required to be done by the responsible partners...
(1) For the purposes of this Schedule a person (“P”)...
A partnership is regarded for the purposes of this Part...
(1) The Treasury may by regulations amend paragraph 19 .......
(1) Accordingly, for the purposes of this Part of this...
A defeat notice that is given to a partnership must...
(1) A conduct notice that is given to a partnership...
A monitoring notice that is given to a partnership must...
(1) This paragraph applies where— (a) a person or persons...
(1) Sub-paragraphs (2) and (3) apply where—
(1) Sub-paragraphs (2) and (3) apply where—
(1) Sub-paragraphs (2) and (3) apply where—
In Part 7 of TCGA 1992 (other property, businesses, investments...
(1) After section 13 insert— Dispositions by close companies to...
(1) After section 28 insert— Employee-ownership trusts (1) A transfer of value made by an individual who...
(1) In section 29A (abatement of exemption where claim settled...
(1) Section 72 (property leaving employee trusts and newspaper trusts)...
(1) After section 75 insert— Property becoming subject to employee-ownership...
(1) Section 86 (trusts for benefit of employees) is amended...
(1) In section 144 (distribution etc from property settled by...
(1) In section 102 of FA 1986 (gifts with reservation),...
(1) In section 104 of TCGA 1992 (share pooling: general...
(1) Paragraph 27 of Schedule 2 to ITEPA 2003 (share...
Subject to paragraph 3, the amendment made by paragraph 1...
(1) Paragraph 19 of Schedule 3 to ITEPA 2003 (SAYE...
(1) In paragraph 17 of Schedule 4 to ITEPA 2003...
(1) In paragraph 9 of Schedule 5 to ITEPA 2003...
(1) In section 1292 of CTA 2009 (employee benefit contributions:...
In relation to disposals made on or after 6 April...
(1) For the purposes of determining if the requirement of...
In Part 4 of ITEPA 2003 (employment income: exemptions), after...
In section 717 (orders and regulations made by Treasury etc),...
In Part 2 of Schedule 1 (index of defined expressions),...
The amendment made by paragraph 5 has effect in relation...
IHTA 1984 is amended as follows.
Scottish basic, higher and additional rates of income tax
ITA 2007 is amended as follows.
In section 989 (definitions for the purposes of the Income...
In Schedule 4 (index of defined expressions), at the appropriate...
The amendments made by this Part have effect in relation...
In section 1 of the Provisional Collection of Taxes Act...
(1) In section 7 of TMA 1970 (notice of liability...
(1) TCGA 1992 is amended as follows.
(1) The Scotland Act 1998 is amended as follows.
In consequence of the amendments made by this Schedule, in...
In section 6 (the basic rate, higher rate and additional...
After section 6 insert— The Scottish basic, higher and additional...
In section 10 (income charged at the basic, higher and...
After section 11 insert— Income charged at the Scottish basic,...
In section 13 (income charged at the dividend ordinary, upper...
In section 16 (savings and dividend income to be treated...
In section 809H (charge on nominated income of long-term UK...
In section 828B (conditions to be met for exemption where...
Taxation of co-operative societies etc
In section 217D of TCGA 1992 (disposal of assets on...
In paragraph 105 (which amends section 151 of ITA 2007),...
In paragraph 110 (which amends section 887 of ITA 2007),...
In paragraph 158 (which amends section 90 of CTA 2010),...
In paragraph 168 (which amends section 1119 of CTA 2010),...
In paragraph 171 (which amends section 118 of TIOPA 2010)—...
The amendments made by this Schedule come into force on...
Schedule 4 to the Co-operative and Community Benefit Societies Act...
In paragraph 47 (which amends section 140E of TCGA 1992)—...
In paragraph 48 (which amends section 140F of TCGA 1992)...
In paragraph 49 (which amends section 140G of TCGA 1992)...
In paragraph 50 (which amends section 170 of TCGA 1992)—...
In paragraph 53 (which amends Schedule 7AC of TCGA 1992)...
In paragraph 82 (which amends paragraph 28 of Schedule 2...
In paragraph 94 (which amends section 379 of ITTOIA 2005),...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- EOT guidance (HMRC Capital Gains Manual) (opens in a new tab) from HMRC Detailed Guidance
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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