UK Act of Parliament
2015
United Kingdom
Finance Act 2015
At a glance
Enforced by
What's here
15 compliance obligations, 6 practical guides across 2 topics
Penalty landscape
3 of 15 obligations carry an unlimited fine. 2 carry different penalties and 10 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 7
- Director or Officer 3
- Trader 2
- Client 1
Plus 2 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Direct — cites this Act
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
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
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
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
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 51 other sections in this Part — procedural / definitional / commencement
Charge and rates for 2015-16
Limits and allowances for 2015-16
Personal allowances for 2015-16
Basic rate limit from 2016
Personal allowance from 2016
Charge for financial year 2016
Cars: the appropriate percentage for 2017-18
Cars: the appropriate percentage for subsequent tax years
Diesel cars: the appropriate percentage for 2015-16
Zero-emission vans
Exemption for amounts which would otherwise be deductible
Abolition of dispensation regime
Extension of benefits code except in relation to certain ministers of religion
Exemption for board or lodging provided to carers
Lump sums provided under armed forces early departure scheme
Bereavement support payment: exemption from income tax
PAYE : benefits in kind
Employment intermediaries: determination of penalties
Arrangements offering a choice of capital or income return
Intermediaries and Gift Aid
Disguised investment management fees
Miscellaneous loss relief
Exceptions from duty to deduct tax: qualifying private placements
Increased remittance basis charge
Loan relationships: repeal of certain provisions relating to late interest etc
Intangible fixed assets: goodwill etc acquired from a related party
Amount of relief for expenditure on research and development
Expenditure on research and development: consumable items
Film tax relief
Reliefs for makers of children's television programmes
Television tax relief
Restrictions applying to certain deductions made by banking companies
Tax avoidance involving carried-forward losses
Pension flexibility: annuities etc
Relief for contributions to flood and coastal erosion risk management projects
Investment reliefs: excluded activities
Disposals of UK residential property interests by non-residents etc
Relevant high value disposals: gains and losses
Private residence relief
Wasting assets
Entrepreneurs' relief: associated disposals
Entrepreneurs' relief: exclusion of goodwill in certain circumstances
Entrepreneurs' relief: trading company etc
Deferred entrepreneurs' relief on invested gains
Zero-emission goods vehicles
Plant and machinery allowances: anti-avoidance
Extension of ring fence expenditure supplement
Reduction in rate of supplementary charge
Supplementary charge: investment allowance
Supplementary charge: cluster area allowance
Amendments relating to investment allowance and cluster area allowance
Part 2 — Excise duties and other taxes
Wholesaling of controlled liquor
7 years imprisonment- Carry out unapproved wholesale of controlled liquor Any Person
- Trading in wholesale alcohol without HMRC approval Any Person
Browse 24 other sections in this Part — procedural / definitional / commencement
Reduction in rate of petroleum revenue tax
Rates of alcoholic liquor duties
Rates of tobacco products duty
Excise duty on tobacco: anti-forestalling restrictions
Air passenger duty: exemption for children in standard class
VED rates for light passenger vehicles and motorcycles
VED: extension of old vehicles exemption from 1 April 2016
Rates of gaming duty
Tax credit in Northern Ireland
Climate change levy: main rates from 1 April 2016
Combined heat and power stations
Landfill tax: rates from 1 April 2016
Landfill tax: material consisting of fines
VAT : refunds to certain charities
VAT: refunds to strategic highways companies
SDLT : alternative property finance relief
SDLT: multiple dwellings relief
ATED: annual chargeable amount
ATED: taxable value
ATED: interests held by connected persons
ATED: returns
Inheritance tax: exemption for decorations and other awards
Inheritance tax: exemption for emergency service personnel etc
The bank levy: rates from 1 April 2015
Part 3 — Diverted profits tax
Duty to notify if potentially within scope of tax
- Notify HMRC if potentially within scope of Diverted Profits Tax Trader
Charging notice
- Pay Diverted Profits Tax after a HMRC charging notice Director or Officer
Other duties (1) — Crown / regulator
- HMRC must issue a charging notice or a clearance notification Statutory regulator
Payment of tax
- Pay Diverted Profits Tax within 30 days Trader
- Pay diverted profits tax within 30 days of a charging notice Director or Officer
Credits for tax on the same profits
Amended 3 timesRelief from corporation tax
Amended 3 timesHMRC review of charging notice
Amended 2 times- Cooperate with HMRC during Diverted Profits Tax reviews Director or Officer
Other duties (1) — Crown / regulator
- HMRC must review Diverted Profits Tax charging notices Statutory regulator
Amendment of CT return during review period: section 80 or 81 case
Amended 2 timesAmendment of CT return during review period: section 86 case
Amended 2 timesClosure notices: rules during review period
Amended 2 times“Effective tax mismatch outcome”
Amended 1 timeBrowse 36 other sections in this Part — procedural / definitional / commencement
Introduction to the tax
Overview of Part 3
Charge to tax
UK company: involvement of entities or transactions lacking economic substance
Non-UK company: involvement of entities or transactions lacking economic substance
Calculation of taxable diverted profits in section 80 or 81 case: introduction
Section 80 or 81 cases where no taxable diverted profits arise
Section 80 or 81: calculation of profits by reference to the actual provision
Section 80 or 81: calculation of profits by reference to the relevant alternative provision
Non-UK company avoiding a UK taxable presence
Exception for companies with limited UK-related sales or expenses
Calculation of taxable diverted profits in section 86 case: introduction
Section 86: calculation of profits where only tax avoidance condition is met
Section 86: mismatch condition is met: calculation of profits by reference to the actual provision
Section 86: mismatch condition is met: calculation of profits by reference to the relevant alternative provision
Preliminary notice
Representations
Section 80 or 81 cases: estimating profits for preliminary and charging notices
Section 86 cases: estimating profits for preliminary and charging notices
Diverted profits tax ignored for tax purposes
Appeal against charging notice or supplementary charging notice
Responsibility for collection and management
Penalties etc
Information and inspection powers etc
“The participation condition”
Provision supplementing section 107
“Excepted loan relationship outcome”
“The insufficient economic substance condition”
“Transaction” and “series of transactions”
Adjustment required to be made to the material provision
Treatment of a person who is a member of a partnership
“Accounting period” and “corresponding accounting period”
Other defined terms in Part 3
Application of section 124 of TIOPA 2010 in relation to diverted profits tax
Application of other enactments to diverted profits tax
Commencement and transitional provision
Part 4 — Other provisions
Penalties in connection with offshore matters and offshore transfers
Amended 3 timesPenalties in connection with offshore asset moves
Unlimited fine- Additional penalty for offshore asset moves linked to tax compliance failures Any Person
- Move offshore assets to avoid tax penalties Any Person
Country-by-country reporting
Amended 2 timesBrowse 5 other sections in this Part — procedural / definitional / commencement
Part 5 — Final provisions
Browse 3 other sections in this Part — procedural / definitional / commencement
Schedules
After section 310B of FA 2004 insert— Duty of promoters...
- Notify HMRC of changes to tax avoidance scheme details within 30 days Any Person
After section 316 of FA 2004 insert— Duty to provide...
- Provide additional HMRC‑specified information to recipients Any Person
After section 313ZB of FA 2004 insert— Duty of employer...
- Provide HMRC with information on employees benefiting from tax avoidance schemes Client
The penalties referred to in paragraph 1(2) are—
Unlimited fine- Provide inaccurate document or fail to notify HMRC of tax liability Any Person
Browse 316 other Schedules — structural / supplementary
Extension of benefits code except in relation to certain ministers of religion
Restrictions applying to certain deductions made by banking companies
Tax avoidance involving carried-forward losses
Pension flexibility: annuities etc
Disposals of UK residential property interests by non-residents etc
Relevant high value disposals: gains and losses
Private residence relief
Plant and machinery allowances: anti-avoidance
Extension of ring fence expenditure supplement
Supplementary charge: cluster area allowance
Landfill tax: material consisting of fines
Accelerated payments: group relief
Promoters of tax avoidance schemes
ITEPA 2003 is amended as follows.
(1) Section 169A (van available to more than one family...
In section 184 (interest treated as paid), in subsection (3),...
(1) Section 188 (loan released or written off: amount treated...
In section 228 (effect of exemptions in Part 4 on...
(1) Section 239 (payments and benefits connected with taxable cars...
In section 266 (exemption of non-cash vouchers for exempt benefits),...
In section 267 (exemption of credit-tokens used for exempt benefits),...
In section 269 (exemption where benefits or money obtained in...
In section 290 (accommodation benefits of ministers of religion), in...
In section 290A (accommodation outgoings of ministers of religion)—
In section 7 (meaning of “employment income”, “general earnings” and...
In section 290B (allowances paid to ministers of religion in...
(1) Part 2 of Schedule 1 (index of defined expressions)...
(1) Schedule 7 (transitionals and savings) is amended as follows....
(1) The Social Security Contributions and Benefits Act 1992 is...
(1) The Social Security Contributions and Benefits (Northern Ireland) Act...
(1) Section 173 of FA 2004 (provision of benefits by...
In CTA 2010, in section 1065 (exception for benefits treated...
In section 17 (UK resident employees: treatment of earnings for...
In section 30 (remittance basis and non-UK resident employees: treatment...
(1) Section 63 (the benefits code) is amended as follows....
In section 66 (meaning of “employment” and related expressions), after...
In section 148 (reduction of cash equivalent where car is...
In section 157 (reduction of cash equivalent where van is...
(1) Section 169 (car available to more than one family...
In CTA 2010, after Part 7 insert— PART 7A Banking...
In Schedule 18 to FA 1998 (company tax returns, assessments...
In section 1223 of CTA 2009 (carrying forward expenses of...
In section 1 of CTA 2010 (overview of Act), in...
In Schedule 4 to CTA 2010 (index of defined expressions),...
(1) In Part 9A of TIOPA 2010 (controlled foreign companies),...
(1) The amendments made by paragraphs 1 to 5 of...
(1) The amendments made by paragraph 6 of this Schedule...
(1) This sub-paragraph applies if— (a) for the purposes of...
In CTA 2010, after Part 14A insert— PART 14B Tax...
In section 1 of CTA 2010 (overview of Act), in...
In Schedule 4 to CTA 2010 (index of defined expressions),...
(1) The amendments made by this Schedule have effect for...
Part 4 of FA 2004 is amended as follows.
(1) Section 172B (increase of rights of connected person on...
In section 273B(1) (power of trustees or managers to make...
In section 280(2) (index of defined expressions) at the appropriate...
(1) Schedule 28 (interpretation of the pension rules and the...
(1) Paragraph 3 of Schedule 29 (interpretation of the lump...
In paragraph 15(2)(a) of Schedule 29 (uncrystallised funds lump sum...
In consequence of paragraph 7(b) of this Schedule, omit paragraph...
(1) In Chapter 17 of Part 9 of ITEPA 2003...
In section 393B(2)(a) of ITEPA 2003 (tax on benefits under...
In Schedule 36 to FA 2004 (transitional provision etc in...
(1) Section 167(1) (the pension death benefit rules) is amended...
In section 573 of ITEPA 2003 (foreign pensions to which...
In Chapter 10 of Part 9 of ITEPA 2003 (other...
In section 579A of ITEPA 2003 (section applies to pensions...
(1) For section 579CZA(5)(b) of ITEPA 2003 (tax exemption for...
(1) Part 2 of Schedule 28 (interpretation of the pension...
(1) In section 216(1) (benefit crystallisation events and amounts crystallised)...
(1) Section 217 (persons liable to lifetime allowance charge) is...
In section 219(7A) (events 5C and 7 are “relevant post-death”...
In Schedule 32 (supplementary provisions about benefit crystallisation events)—
In section 172(6A)(b) (“benefit” in section 172 includes rights to...
(1) Section 172A (surrenders of benefits and rights) is amended...
Relief for contributions to flood and coastal erosion risk management projects
In Chapter 5 of Part 2 of ITTOIA 2005 (trade...
In section 272 of ITTOIA 2005 (application of trading income...
In Chapter 5 of Part 3 of CTA 2009 (trading...
In section 210 of CTA 2009 (application of trading income...
In Chapter 2 of Part 16 of CTA 2009 (investment...
In Chapter 3 of Part 16 of CTA 2009 (investment...
In Chapter 5 of Part 16 of CTA 2009 (investment...
In section 253 of CAA 2001 (companies with investment business),...
The amendments made by this Schedule have effect in relation...
Investment reliefs: excluded activities
In Part 5B of ITA 2007 (tax relief for social...
(1) Part 5 of ITA 2007 is further amended as...
(1) Part 6 of ITA 2007 is further amended as...
In consequence of paragraphs 10 and 11—
(1) Part 5B of ITA 2007 is further amended as...
(1) The amendments made by this Part of this Schedule...
The following provisions of Part 5 of ITA 2007 (enterprise...
In section 198A— (a) in subsection (3), omit “or” at...
(1) In section 198A— (a) in subsection (5), omit “,...
The amendments made by this Part of this Schedule have...
The following provisions of Part 6 of ITA 2007 (venture...
In section 309A— (a) in subsection (3), omit “or” at...
(1) In section 309A— (a) in subsection (5), omit “,...
The amendments made by this Part of this Schedule have...
TCGA 1992 is amended in accordance with paragraphs 2 to...
In section 13 (attribution of gains to members of non-resident...
After section 14A insert— UK residential property: non-resident CGT Meaning...
In section 16 (computation of losses), in subsection (3), for...
After section 25 insert— Deemed disposal of UK residential property...
After section 48 insert— Unascertainable consideration (1) This section applies where— (a) a person (“P”) has...
In section 57A (gains and losses on relevant high value...
In Part 2, after Chapter 5 insert— CHAPTER 6 Computation...
(1) Section 62 (death: general provisions) is amended as follows....
After section 80 insert— Deemed disposal of UK residential property...
In section 86 (attribution of gains to settlors with interest...
In section 1 (the charge to tax), in subsection (2A),...
In section 87 (non-UK resident settlements: attribution of gains to...
(1) Section 139 (reconstruction involving transfer of business) is amended...
After section 159 insert— Non-resident CGT disposals: roll-over relief (1) Section 152 does not apply in relation to a...
(1) Section 165 (relief for gifts of business assets) is...
In section 166 (gifts to non-residents), in subsection (1), for...
In section 167 (gifts to foreign-controlled companies), in subsection (1),...
After section 167 insert— Gifts of UK residential property interests...
In section 168 (emigration of donee), in subsection (1), after...
After section 168 insert— Deemed disposal of UK residential property...
After section 187A insert— Deemed disposal of UK residential property...
(1) Section 2 (persons and gains chargeable to capital gains...
Before section 189 (and the italic heading before it), insert—...
(1) Section 260 (gifts on which inheritance tax is chargeable...
In section 261 (section 260 relief: gifts to non-residents), in...
After section 261 insert— Gifts of UK residential property interests...
In section 288 (interpretation), in subsection (1), at the appropriate...
(1) Schedule 1 (application of exempt amount etc in cases...
After Schedule A1, insert— SCHEDULE B1 Disposals of UK residential...
After Schedule B1 (as inserted by paragraph 36), insert— SCHEDULE...
(1) Schedule 4ZZA (relevant high value disposals: gains and losses)...
After Schedule 4ZZA insert— SCHEDULE 4ZZB Non-resident CGT disposals: gains...
In section 2B (persons chargeable to capital gains tax on...
In Schedule 4C (transfers of value: attribution of gains etc),...
TMA 1970 is amended in accordance with paragraphs 42 to...
After section 7 insert— Disregard of certain NRCGT gains for...
Before section 12AA (and the italic heading before it) insert—...
(1) Section 28A (completion of enquiry into personal or trustee...
Before section 29 insert— Determination of amount notionally chargeable where...
In section 29 (assessment where loss of tax discovered), in...
After section 29 insert— Non-resident CGT disposals: determination of amount...
In section 34 (ordinary time limit of 4 years), after...
In section 42 (procedure for making claims), in subsection (11),...
(1) Section 3 (annual exempt amount) is amended as follows....
In section 59A (payments on account of income tax), omit...
After section 59A insert— Non-resident CGT disposals: payments on account...
(1) Section 59B (payment of income tax and capital gains...
In section 107A (relevant trustees), in subsection (2)(b), after “59A”...
In section 118 (interpretation), in subsection (1), at the appropriate...
(1) Schedule 3ZA (date by which payment to be made...
(1) In FA 2007, Schedule 24 (penalties for errors) is...
In Schedule 36 to FA 2008 (information and inspection powers),...
In CTA 2009, in section 2 (charge to corporation tax),...
(1) In Schedule 55 to FA 2009 (penalty for failure...
In section 4 (rates of capital gains tax), after subsection...
The amendments made by this Schedule have effect in relation...
For section 4B (deduction of losses etc in most beneficial...
(1) Section 8 (company's profits for corporation tax purposes to...
In section 10A (temporary non-residents), as that section has effect...
The Taxation of Chargeable Gains Act 1992 is amended as...
(1) Paragraph 4 is amended as follows.
(1) Paragraph 5 is amended as follows.
In the italic heading before paragraph 6, for “assets acquired...
In paragraph 6, for sub-paragraph (1)(b) substitute—
(1) Section 2C (“relevant high value disposal”) is amended as...
(1) Section 2D (CGT on ATED-related gains: the threshold amount)...
(1) Section 2D (CGT on ATED-related gains: the threshold amount)...
In section 2E (restriction of losses), in subsection (3)—
Schedule 4ZZA (relevant high value disposals: gains and losses) is...
For the italic heading before paragraph 2 substitute “ Assets...
For paragraph 2 substitute— (1) In Cases 1 to 3 below—
(1) Paragraph 3 is amended as follows.
TCGA 1992 is amended in accordance with this Schedule.
The amendments made by this Schedule have effect in relation...
In section 222 (relief on disposal of private residence)—
After section 222 insert— Determination of main residence: non-resident CGT...
(1) Section 223 (amount of relief) is amended as follows....
After section 223 insert— Amount of relief: non-resident CGT disposals...
(1) Section 225 (private residence occupied under terms of settlement)...
(1) Section 225A (private residence held by personal representatives) is...
In section 225B (disposals in connection with divorce etc), in...
In section 225E (disposals by disabled persons or persons in...
CAA 2001 is amended as follows.
(1) Section 70DA is amended as follows.
(1) Section 218 is amended as follows.
(1) Section 229A is amended as follows.
(1) Section 242 is amended as follows.
Chapter 5 of Part 8 of CTA 2010 (ring fence...
After section 328 insert— Adjustment of pool to remove pre-2013...
In section 270 of CTA 2010 (overview of Part 8)...
(1) Schedule 4 to CTA 2010 (index of defined expressions)...
(1) In Part 8 of CTA 2010, Chapter 5A (extended...
The amendments made by this Schedule have effect in relation...
In section 307 (overview of Chapter), in subsection (5) for...
In section 309 (accounting periods), in subsection (4), for the...
(1) Section 311 (limit on number of accounting periods for...
In section 316 (the mixed pool of qualifying pre-commencement expenditure...
In section 317 (reduction in respect of disposal receipts under...
After section 318 insert— Adjustment of pool to remove pre-2013...
(1) Section 326 (the ring fence pool) is amended as...
In section 327 (reductions in respect of utilised ring fence...
Supplementary charge: investment allowance
Part 8 of CTA 2010 (oil activities) is amended in...
After Chapter 6 insert— CHAPTER 6A Supplementary charge: investment allowance...
Chapter 7 (reduction of supplementary charge for eligible oil fields)...
In this Part of this Schedule, the following expressions have...
The amendment made by paragraph 2 has effect in relation...
(1) The amendment made by paragraph 3 has effect—
(1) This paragraph applies if, in the absence of this...
(1) This paragraph applies if, in the absence of this...
Part 8 of CTA 2010 (oil activities) is amended in...
After Chapter 8 insert— CHAPTER 9 Supplementary charge: cluster area...
Section 349A (meaning of “additionally-developed oil field”), so far as...
Section 350 (meaning of “new oil field”), so far as...
(1) Sub-paragraph (2) applies if the Secretary of State has...
(1) This paragraph applies where— (a) a cluster area has...
Investment allowance and cluster area allowance: further amendments
CTA 2010 is amended as follows.
(1) The amendments made by Part 1 of this Schedule...
(1) Section 270 (overview of Part) is amended as follows....
In section 330 (supplementary charge in respect of ring fence...
After section 330 insert— Ordering of allowances (1) In this section “relieving Chapter” means any of the...
In section 356C (generation of onshore allowance), in subsection (9)(a),...
Omit section 356DB (companies with both field allowance and onshore...
Before section 356J (but after the heading “Interpretation”) insert— Authorisation...
In section 356JB (definitions for Chapter 8), in the definition...
(1) Schedule 4 (index of defined expressions) is amended as...
Part 3 of FA 1996 (landfill tax) is amended as...
(1) Section 42 (amount of tax charged on a taxable...
In section 63 (qualifying material: special provisions), after subsection (4)...
After section 63 insert— Qualifying fines: special provisions (1) This section applies for the purposes of section 42....
In section 70(1) (interpretation), at the appropriate place insert— “fines”...
(1) In section 71 (orders and regulations), subsection (7) is...
(1) Schedule 5 (provision about information etc) is amended as...
The amendments made by this Schedule have effect in relation...
Recovery of unpaid diverted profits tax due from non-UK resident company
(1) Chapter 6 of Part 22 of CTA 2010 (collection...
(1) This Part of this Schedule applies if—
In this Part of this Schedule “the relevant period”, in...
(1) A company is a “related company”, for the purposes...
(1) An officer of Revenue and Customs may serve a...
A notice under this Part of this Schedule must be...
(1) In a consortium case, the amount that the related...
(1) A company that has paid an amount in pursuance...
Disclosure of tax avoidance schemes
In section 316 of that Act (information to be provided...
In section 98C of TMA 1970 (notification under Part 7...
(1) Section 313C of FA 2004 (information provided to introducers)...
In section 98C of TMA 1970 (notification under Part 7...
In section 98C of TMA 1970 (notification under Part 7...
After section 316A of FA 2004 insert— Confidentiality No duty of confidentiality or other restriction on disclosure (however...
After section 316B of FA 2004 insert— Publication by HMRC...
In section 98C of TMA 1970 (notification under Part 7...
(1) Section 310C of FA 2004 applies in relation to...
In section 316 of that Act (information to be provided...
Any notice given by HMRC under section 312A(4) of FA...
(1) Section 316C of FA 2004 applies in relation to...
In section 98C of TMA 1970 (notification under Part 7...
In section 311(1)(a) of FA 2004 (period for allocation of...
(1) Section 312A of FA 2004 (duty of client to...
In section 313 of that Act (duty of parties to...
In section 316 of that Act (information to be provided...
In section 98C of TMA 1970 (notification under Part 7...
Part 4 of FA 2014 (accelerated payments etc) is amended...
(1) Schedule 32 (accelerated payments and partnerships) is amended as...
In section 55 of TMA 1970 (recovery of tax not...
(1) Section 225A(3) of FA 2014 (effect of notices: surrender...
In section 199 (overview of Part 4), in paragraph (c)...
(1) Section 220 (content of notice given while a tax...
(1) Section 221 (content of notice given pending an appeal)...
(1) Section 222 (representations about a notice) is amended as...
(1) Section 223 (effect of notice given while tax enquiry...
After section 225 insert— Prevention of surrender of losses Effect...
(1) Section 227 (withdrawal, modification or suspension of accelerated payment...
After section 227 insert— Group relief claims after accelerated payment...
Part 5 of FA 2014 (promoters of tax avoidance schemes)...
(1) Section 237 (duty to give conduct notice) is amended...
In section 283 (interpretation of Part 5), in the definition...
(1) Part 2 of Schedule 34 (meeting the threshold conditions)...
In Schedule 36 (partnerships)— (a) omit paragraph 4 (threshold conditions:...
In Schedule 34 (threshold conditions), in paragraph 5 (non-compliance with...
(1) In Schedule 34 (threshold conditions), paragraph 8 (disciplinary action:...
In Part 3 of Schedule 34 (power to amend), at...
The amendments made by paragraphs 2 to 7 have effect...
Penalties in connection with offshore matters and offshore transfers
Schedule 24 to FA 2007 is amended as follows.
(1) Paragraph 6 (amount of penalty: standard amount) is amended...
(1) Paragraph 6A (categorisation of failures) is amended as follows....
After paragraph 6A insert— (1) This paragraph makes provision in relation to offshore transfers....
In paragraph 13 (standard percentage reductions for disclosure), in the...
Schedule 55 to FA 2009 is amended as follows.
(1) Paragraph 6 (penalty for failure continuing 12 months after...
(1) Paragraph 6A (categorisation of information) is amended as follows....
After paragraph 6A insert— (1) This paragraph makes provision in relation to offshore transfers....
In paragraph 15 (standard percentage reductions for disclosure), in the...
In paragraph 17(4) (interaction with other penalties and late payment...
(1) Paragraph 4 (penalties payable under paragraph 1) is amended...
(1) In Schedule 43C to FA 2013 (general anti-abuse rule:...
(1) Section 212(5) of FA 2014 (follower notices: aggregate penalties)...
(1) Paragraph 4A (categorisation of inaccuracies) is amended as follows....
After paragraph 4A insert— (1) This paragraph makes provision in relation to offshore transfers....
In paragraph 10 (standard percentage reductions for disclosure), in the...
In paragraph 12(5) (interaction with other penalties and late payment...
(1) Paragraph 21A (classification of territories) is amended as follows....
(1) Paragraph 21B (location of assets etc) is amended as...
Schedule 41 to FA 2008 is amended as follows.
Penalties in connection with offshore asset moves
(1) A penalty is payable by a person (“P”) where...
The original penalty is for a “deliberate failure” if—
(1) There is a “relevant offshore asset move” if, at...
(1) “The relevant time” has the meaning given by this...
(1) The penalty payable under paragraph 1(1) is 50% of...
(1) Where a person becomes liable for a penalty under...
(1) A person may appeal against a decision of HMRC...
(1) This Schedule has effect in relation to relevant offshore...
Other sections — not classified into a Part
These sections sit outside the numbered Parts — usually provisions added or moved by later amendments.
Browse 1 other section
Part 3 (Diverted Profits Tax)
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Investment allowance (opens in a new tab) from NSTA Detailed Guidance
- Oil storage compliance (opens in a new tab) Detailed Guidance
- Which waste management rules apply (opens in a new tab) Detailed Guidance
- Run an animal feed or pet food business (opens in a new tab) Detailed Guidance
- Get your animal-origin establishment approved (opens in a new tab) Detailed Guidance
- Which food and drink rules apply (food wholesalers) (opens in a new tab) Detailed Guidance
- Wholesale distributor product-safety duties (opens in a new tab) Detailed Guidance
- Wholesale licences for controlled and excise goods (opens in a new tab) Detailed Guidance
- Run a compliant wholesale business (opens in a new tab) Detailed Guidance
- Which wholesale rules apply to your business (opens in a new tab) Detailed Guidance
- ... and 14 more
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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Browse legislation
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Regulators
Learn more about the bodies that enforce this legislation.