Finance Act 2014 (Theatre Tax Relief)

s.104 VAT: place of belonging

s.115 Abolition of stamp duty and SDRT: securities on recognised growth markets Regulated

Stamp Duty and SDRT are abolished for recognised growth market securitiesTrader

s.123 Exemption from bingo duty: small-scale amusements provided commercially

44 other sections in this Part — procedural and definitional

s.076 Rates of alcoholic liquor duties

s.077 Rates of tobacco products duty

s.078 Air passenger duty: rates of duty from 1 April 2014

s.079 Air passenger duty: rates of duty from 1 April 2015

s.080 Air passenger duty: adjustments to Part 3 of Schedule 5A to FA 1994

s.081 VED rates for light passenger vehicles, light goods vehicles, motorcycles etc

s.082 VED rates: rigid goods vehicle with trailers

s.083 VED rates: use for exceptional loads, rigid goods vehicles and tractive units

s.084 VED: extension of old vehicles exemption from 1 April 2014

s.085 VED: extension of old vehicles exemption from 1 April 2015

s.086 Abolition of reduced VED rates for meeting reduced pollution requirements

s.087 Six month licence: tractive units

s.088 Vehicles subject to HGV road user levy: amount of 6 month licence

s.089 Payment of vehicle excise duty by direct debit

s.090 Definition of “revenue weight”

s.091 Vehicle excise and registration: other provisions

s.092 HGV road user levy: rates tables

s.093 HGV road user levy: disclosure of information by HMRC

s.094 Aggregates levy: removal of certain exemptions

s.095 Aggregates levy: power to restore exemptions

s.096 Climate change levy: main rates for 2015-16

s.097 Climate change levy: carbon price support rates for 2014-15 and 2015-16

s.098 Climate change levy: carbon price support rates for 2016-17

s.099 Climate change levy: exemptions: mineralogical & metallurgical processes etc

s.100 Rates of landfill tax

s.101 Goods carried as stores

s.105 VAT: place of supply orders: disapplication of transitional provision

s.106 VAT: supply of services through agents

s.107 VAT: refunds to health service bodies

s.108 VAT: prompt payment discounts

s.109 ATED: reduction in threshold from 1 April 2015

s.110 ATED: further reduction in threshold from 1 April 2016

s.111 SDLT : threshold for higher rate applying to certain transactions

s.112 SDLT: exercise of collective rights by tenants of flats

s.113 SDLT: charities relief

s.114 Abolition of SDRT on certain dealings in collective investment schemes

s.116 Temporary statutory effect of House of Commons resolution

s.117 Inheritance tax

s.118 Gifts to the nation: estate duty

s.119 Bank levy: rates from 1 January 2014

s.120 Bank levy: miscellaneous changes

s.121 Rates of gaming duty

s.122 Rate of bingo duty

s.124 Rates of machine games duty

Part 3

General betting duty, pool betting duty and remote gaming duty

24 of 77 sections shown

s.125 General betting duty Regulated

Pay General Betting Duty on gambling activitiesTrader

s.126 General bets

s.127 General betting duty charge on general bets Regulated

Pay General Betting Duty on bookmaking profitsTrader

s.129 General betting duty charge on financial spread bets Regulated

Pay General Betting Duty on financial spread betsTrader

s.130 General betting duty charge on non-financial spread bets Regulated

Pay General Betting Duty on non-financial spread betsTrader

s.135 General betting duty charge on Chapter 1 pool bets Prosecution

Pay General Betting Duty on pool betsTrader

Unlimited fine

s.142 Liability to pay Regulated

Pay general betting duty on timeTrader

s.144 Pool betting duty charge on Chapter 2 pool bets Regulated

Pay pool betting duty on profits at a rate of 15%Trader

s.151 Payment and recovery Regulated

Pay pool betting duty on timeTrader

s.152 Notification of reliance on community benefit exemption Prosecution

Notify HMRC if you claim pool betting duty exemption for community benefitTrader

Unlimited fine

s.154 Remote gaming

s.155 Remote gaming duty

s.160 Prizes

s.160 Prizes: freeplay

amended 4 times

s.161 Exemptions

s.162 Liability to pay Regulated

Pay Remote Gaming Duty on your gambling profitsDirector or Officer

s.170 Security for payment Prosecution

Other duties (1) — Crown / regulator

HMRC may require security for betting and gaming duty paymentsStatutory regulator

Unlimited fine

s.173 Offence of failing to provide security or appoint representative Regulated

Fail to provide security or appoint UK representativeAny Person

s.174 Fraudulent evasion Imprisonment

Fraudulent evasion of gambling dutiesAny Person
Fraudulently evade betting or gaming dutyAny Person

14 years imprisonment · amended 5 times (opens in a new tab)

s.175 Penalties under section 9 of FA 1994 Regulated

Fail to pay betting, pool betting or remote gaming dutyAny Person

s.178 Offences by bodies corporate Imprisonment

Corporate officer liable for tax offenceDirector or Officer
Personal liability of directors for company tax offencesDirector or Officer

s.188 Gaming

s.190 Index

s.194 Regulations

53 other sections in this Part — procedural and definitional

s.127 General betting duty charge on remote bets

s.128 Spread bets

s.131 Ordinary profits

s.132 Retained winnings profits

s.133 Bet-brokers

s.134 Chapter 1 pool bets

s.136 Profits on pooled stake Chapter 1 pool bets

s.137 Profits on ordinary Chapter 1 pool bets

s.138 Profits on retained winnings on Chapter 1 pool bets

s.139 Chapter 1: stake money

s.140 Chapter 1: winnings

s.141 General betting duty charge on betting exchanges

s.143 Chapter 2 pool bets

s.145 Profits on pooled stake Chapter 2 pool bets

s.146 Profits on ordinary Chapter 2 pool bets

s.147 Profits on retained winnings on Chapter 2 pool bets

s.148 Chapter 2: stake money

s.149 Chapter 2: winnings

s.150 Payments treated as bets

s.153 Bets made for community benefit

s.156 Profits on pooled prize gaming

s.157 Profits on ordinary gaming

s.158 Profits on retained prizes

s.159 Gaming payments

s.159 Play using the results of successful freeplay

s.163 Administration

s.164 Registration

s.165 Accounting period

s.166 Returns

s.167 Payment

s.168 Information and records

s.169 Stake funds and gaming prize funds

s.171 Appointment of UK representative

s.172 Security and representatives: review and appeal

s.176 Interest

s.177 Suspension and revocation of remote operating licences

s.179 Protection of officers

s.180 Evidence by certificate, etc

s.181 Facilities capable of being used in United Kingdom: burden of proof

s.182 Review and appeal

s.183 Bet

s.184 Pool betting

s.185 Fixed odds

s.186 UK person

s.187 On-course betting and excluded betting

s.189 Other definitions

s.191 Amounts not in sterling

s.192 Limited liability partnerships

s.193 Effect of imposition of duties

s.195 Notices

s.196 Consequential amendments and repeals

s.197 Transitional and saving provisions

s.198 Commencement and effect

Part 4

Follower notices and accelerated payments

20 of 40 sections shown

s.199 Overview of Part 4

s.200 “Relevant tax”

s.203 “Tax appeal”

amended 6 times (opens in a new tab)

s.206 Content of a follower notice Regulated

Other duties (1) — Crown / regulator

HMRC must include specific details in a follower noticeStatutory regulator

s.208 Penalty if corrective action not taken in response to follower notice Regulated

Respond to an HMRC follower notice to avoid tax penaltiesAny Person

s.209 Amount of a section 208 or 208A penalty

s.211 Assessment of a section 208 penalty Regulated

Pay Theatre Tax Relief follower notice penalties within 30 daysAny Person

s.212 Aggregate penalties

amended 18 times (opens in a new tab)

s.213 Alteration of assessment of a section 208 or 208A penalty

s.214 Appeal against a section 208 penalty

amended 10 times (opens in a new tab)

s.214 Appeal against a section 208A penalty

amended 1 time

s.216 Late appeal against final judicial ruling Regulated

Other duties (1) — Crown / regulator

HMRC must suspend follower notices during late appealsStatutory regulator

s.219 Circumstances in which an accelerated payment notice may be given Prosecution

Other duties (1) — Crown / regulator

HMRC may issue an Accelerated Payment Notice for tax advantagesStatutory regulator

Unlimited fine · amended 11 times (opens in a new tab)

s.220 Content of notice given while a tax enquiry is in progress

s.221 Content of notice given pending an appeal Regulated

Other duties (1) — Crown / regulator

HMRC must include specific details in accelerated payment noticesStatutory regulator

amended 7 times (opens in a new tab)

s.222 Representations about a notice

s.223 Effect of notice given while tax enquiry is in progress : accelerated payment Regulated

Pay tax stated in an Accelerated Payment Notice (APN)Any Person

s.226 Penalty for failure to pay accelerated payment Regulated

Fail to pay an accelerated tax payment noticeAny Person

amended 12 times (opens in a new tab)

s.227 Withdrawal, modification or suspension of accelerated payment notice

s.227 Group relief claims after accelerated payment notices

amended 12 times

20 other sections in this Part — procedural and definitional

s.201 “Tax advantage” and “tax arrangements”

s.202 “Tax enquiry” and “return”

s.204 Circumstances in which a follower notice may be given

s.205 “Judicial ruling” and circumstances in which a ruling is “relevant”

s.207 Representations about a follower notice

s.208 Additional penalty for unreasonable tax appeal

s.210 Reduction of a section 208 penalty for co-operation

s.211 Assessment of a section 208A penalty

s.215 Follower notices: treatment of partners and partnerships

s.217 Transitional provision

s.218 Defined terms used in Chapter 2

s.224 Restriction on powers to postpone tax payments pending initial appeal

s.225 Protection of the revenue pending further appeals

s.225 Effect of notice: surrender of losses ineffective, etc

s.228 Accelerated partner payments

s.229 Defined terms used in Chapter 3

s.230 Special case: stamp duty land tax

s.231 Special case: annual tax on enveloped dwellings

s.232 Extension of this Part by order

s.233 Consequential amendments

Part 5

Promoters of tax avoidance schemes

41 of 73 sections shown

s.235 Carrying on a business “as a promoter”

amended 14 times (opens in a new tab)

s.236 Publication where stop notice automatically withdrawn Regulated

Other duties (1) — Crown / regulator

HMRC must publish details when a stop notice is withdrawnStatutory regulator

s.236 Disclosure to clients and intermediaries Regulated

Notify clients and intermediaries if you are issued a stop noticeAny Person

s.236 Notification of interested persons by HMRC Regulated

Other duties (1) — Crown / regulator

HMRC may notify your clients if you ignore a tax avoidance stop noticeStatutory regulator

s.237 Duty to give conduct notice

s.237 Duty to give conduct notice: defeat of promoted arrangements

amended 14 times

s.237 Duty to give further conduct notice where provisional notice not complied with

amended 14 times

s.237 When a conduct notice given under section 237A(8) is “provisional” Regulated

Other duties (1) — Crown / regulator

HMRC must notify you when a conduct notice becomes 'full'Statutory regulator

amended 14 times

s.237 Judicial ruling upholding asserted tax advantage: effect on conduct notice which is provisional

amended 14 times

s.238 Contents of a conduct notice Prosecution

Other duties (1) — Crown / regulator

HMRC must consult you before issuing a tax conduct noticeStatutory regulator

Unlimited fine · amended 1 time (opens in a new tab)

s.240 Amendment , withdrawal or reissue of conduct notice

amended 5 times (opens in a new tab)

s.241 Duration of conduct notice

s.241 Defeat notices

amended 5 times

s.241 Judicial ruling upholding asserted tax advantage: effect on defeat notice

amended 5 times

s.242 Monitoring notices: duty to apply to tribunal

amended 5 times (opens in a new tab)

s.245 Withdrawal of monitoring notice Regulated

Request withdrawal of an HMRC monitoring noticeAny Person

s.246 Notification of determination under section 245 Regulated

Other duties (1) — Crown / regulator

HMRC must notify you of the decision regarding your monitoring noticeStatutory regulator

s.248 Publication by HMRC

s.249 Publication by monitored promoter Regulated

Notify clients and publish details if monitored by HMRC for tax schemesAny Person

s.250 Allocation of promoter reference number

s.251 Duty of monitored promoter to notify clients etc of number Regulated

Notify clients and intermediaries of your promoter reference numberAny Person

s.252 Duty of those notified to notify others of promoter's number Regulated

Pass on a promoter's reference number to other clients or contactsClient

s.253 Duty of persons to notify the Commissioners

s.258 Duty of person dealing with non-resident monitored promoter Prosecution

Provide tax scheme information if the promoter is based abroadResponsible Person

Unlimited fine · amended 2 times (opens in a new tab)

s.259 Monitored promoters: duty to provide information about clients Regulated

Provide client details to HMRC if you are a monitored tax promoterAny Person

s.260 Intermediaries etc : duty to provide information about clients Prosecution

Provide client information to HMRC upon requestAny Person

Unlimited fine · amended 6 times (opens in a new tab)

s.261 Enquiry following provision of client information Regulated

Provide additional client information to HMRC upon requestAny Person

s.262 Information required for monitoring compliance with conduct notice

amended 10 times (opens in a new tab)

s.263 Duty to notify HMRC of address Regulated

Notify HMRC of your business address every quarter (monitored promoters)Any Person

s.265 Duty to provide information to monitored promoter Regulated

Provide tax identifiers to your tax promoterAny Person

s.266 Appeals against notices imposing information etc requirements Regulated

Submit written appeal to HMRC within 30 days of a noticeTrader

s.267 Form and manner of providing information Regulated

Other duties (1) — Crown / regulator

HMRC may specify how you provide information and documentsStatutory regulator

s.273 Confidentiality

s.274 Penalties Prosecution

Fail to comply with Theatre Tax Relief reporting rulesAny Person

Fine up to £3,000

s.276 Limitation of defence of reasonable care

s.277 Liability for offences under section 277A committed by a body Imprisonment

Be liable for a body’s theatre‑tax‑relief offenceDirector or Officer

s.278 Offence of concealing etc documents Imprisonment

Conceal or destroy documents requested by HMRCAny Person

s.279 Offence of concealing etc documents following informal notification Imprisonment

Conceal or destroy documents after HMRC informal noticeAny Person
Conceal or destroy documents after HMRC warningAny Person

s.280 Penalties for offences

s.282 Regulations under this Part

amended 9 times (opens in a new tab)

s.283 Interpretation of this Part

32 other sections in this Part — procedural and definitional

s.234 Meaning of “relevant proposal” and “relevant arrangements”

s.236 Meaning of “intermediary”

s.236 Power to give stop notices

s.236 Effect of stop notices

s.236 Quarterly returns

s.236 Withdrawal of stop notices

s.236 Appeal against decision not to withdraw stop notice

s.236 Suspension of stop notice pending appeal

s.236 Automatic withdrawal of certain stop notices

s.236 Publication

s.239 Section 238: supplementary

s.239 Conduct notices: transferees

s.243 Monitoring notices: tribunal approval

s.244 Monitoring notices: content and issuing

s.244 Monitoring notices: transferees

s.247 Appeal against refusal to withdraw monitoring notice

s.254 Meaning of “monitored proposal” and “monitored arrangements”

s.255 Power to obtain information and documents

s.256 Tribunal approval for certain uses of power under section 255

s.257 Ongoing duty to provide information following HMRC notice

s.264 Failure to provide information: application to tribunal

s.268 Production of documents: compliance

s.269 Exception for certain documents or information

s.270 Limitation on duty to produce documents

s.271 Legal professional privilege

s.272 Tax advisers

s.272 Application of Schedule 36 FA 2008 powers

s.275 Failure to comply with Part 7 of the Finance Act 2004

s.277 Extended time limit for assessment

s.277 Offences relating to stop notices

s.281 Partnerships

s.281 VAT and other indirect taxes

Part 6

Other provisions

3 of 17 sections shown

s.285 The Code of Practice on Taxation for Banks: HMRC to publish reports Regulated

Other duties (1) — Crown / regulator

HMRC must publish annual reports on the Code of Practice on Taxation for BanksStatutory regulator

s.287 The Code of Practice on Taxation for Banks: operation & breaches of the Code

s.300 Increase in limit for local loans