UK Act of Parliament 2017 United Kingdom

Finance Act 2017

An Act to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.

Read the Act on legislation.gov.uk (opens in a new tab)
Enforced by
HMRC
Status
In Force
Penalty ceiling
Imprisonment 1 of 5 obligations carry imprisonment (14 years). 1 carries different penalties and 3 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3 Responsible Person1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Responsible Person — also bound by 108 other Acts
MH(CT)(S)A 2003 30 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Direct and indirect taxes

0 of 24 sections shown
24 other sections in this Part — procedural and definitional
s.001 Income tax charge for tax year 2017-18 (opens in a new tab)
s.002 Main rates of income tax for tax year 2017-18 (opens in a new tab)
s.003 Default and savings rates of income tax for tax year 2017-18 (opens in a new tab)
s.004 Starting rate limit for savings for tax year 2017-18 (opens in a new tab)
s.005 Corporation tax charge for financial year 2018 (opens in a new tab)
s.006 Workers' services provided to public sector through intermediaries (opens in a new tab)
s.007 Optional remuneration arrangements (opens in a new tab)
s.008 Taxable benefits: asset made available without transfer (opens in a new tab)
s.009 Overseas pensions (opens in a new tab)
s.010 Pensions: offshore transfers (opens in a new tab)
s.011 Deduction of income tax at source (opens in a new tab)
s.012 Employee shareholder shares: amount treated as earnings (opens in a new tab)
s.013 Employee shareholder shares: abolition of CGT exemption (opens in a new tab)
s.014 Employee shareholder shares: purchase by company (opens in a new tab)
s.015 Employment income provided through third parties (opens in a new tab)
s.016 VAT : zero-rating of adapted motor vehicles etc (opens in a new tab)
s.017 Insurance premium tax: standard rate (opens in a new tab)
s.018 Insurance premium tax: anti-forestalling provision (opens in a new tab)
s.019 Air passenger duty: rates from 1 April 2017 (opens in a new tab)
s.020 Vehicle excise duty: rates (opens in a new tab)
s.021 Alcoholic liquor duties: rates (opens in a new tab)
s.022 Tobacco products duty: rates (opens in a new tab)
s.023 Tobacco products duty: minimum excise duty (opens in a new tab)
s.024 Promoters of tax avoidance schemes: threshold conditions etc (opens in a new tab)
Part 2

Soft drinks industry levy

4 of 39 sections shown
s.035 Liability to pay the levy (opens in a new tab) Regulated
  • Pay the soft drinks industry levy if you package or import drinksResponsible Person
s.044 Notification of liability and registration (opens in a new tab) Imprisonment
  • Register with HMRC if you are liable for Soft Drinks Industry LevyAny Person
s.045 Voluntary registration: small producers (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • HMRC must register eligible small soft drink producers upon applicationStatutory regulator
s.050 Fraudulent evasion (opens in a new tab) Imprisonment
  • Fraudulently evade the soft drinks industry levyAny Person
35 other sections in this Part — procedural and definitional
s.025 Soft drinks industry levy (opens in a new tab)
s.026 “Soft drink” and “package” (opens in a new tab)
s.027 Meaning of “prepared drink” (opens in a new tab)
s.028 Meaning of “chargeable soft drink” (opens in a new tab)
s.029 Sugar content condition (opens in a new tab)
s.030 Exempt soft drinks (opens in a new tab)
s.031 Charge to soft drinks industry levy (opens in a new tab)
s.032 Chargeable events: soft drinks packaged in the UK (opens in a new tab)
s.033 Chargeable events: soft drinks imported into the UK (opens in a new tab)
s.034 Secondary warehousing regulations (opens in a new tab)
s.036 Levy rates (opens in a new tab)
s.036 Determining levy rate for flavour concentrates
s.037 Small producer exemption (opens in a new tab)
s.038 Meaning of “small producer” (opens in a new tab)
s.039 Tax credits (opens in a new tab)
s.040 The register (opens in a new tab)
s.041 Liability to register: packagers (opens in a new tab)
s.042 Liability to register: producers (opens in a new tab)
s.043 Liability to register: imported chargeable soft drinks (opens in a new tab)
s.046 Cancellation of registration under section 41, 42 or 43 (opens in a new tab)
s.047 Cancellation of voluntary registration (opens in a new tab)
s.048 Correction of the register (opens in a new tab)
s.049 Applications, notifications etc (opens in a new tab)
s.051 Failure to notify registration liability (opens in a new tab)
s.052 Payment, collection and recovery (opens in a new tab)
s.053 Records (opens in a new tab)
s.054 Power to make further provision about enforcement (opens in a new tab)
s.055 Appeals etc (opens in a new tab)
s.056 Supplementary amendments (opens in a new tab)
s.057 Regulations: death, incapacity or insolvency of person carrying on a business (opens in a new tab)
s.058 Provisional collection of soft drinks industry levy (opens in a new tab)
s.058 Isle of Man: import and export of chargeable soft drinks
s.059 Interpretation of Part 2 (opens in a new tab)
s.060 Regulations (opens in a new tab)
s.061 Commencement (opens in a new tab)
Part 3

Final

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.062 Interpretation (opens in a new tab)
s.063 Short title (opens in a new tab)
Schedules

Schedules

1 of 207 shown
s.009 Soft drinks industry levy: requirements to keep records etc: penalties (opens in a new tab) Regulated
  • Maintain records and follow HMRC directions for the Soft Drinks Industry LevyAny Person
206 other schedules
s.002 Optional remuneration arrangements (opens in a new tab)
s.005 Deduction of income tax at source (opens in a new tab)
s.007 VAT: zero-rating of adapted motor vehicles etc (opens in a new tab)
s.008 Soft drinks industry levy: recovery and overpayments (opens in a new tab)
s.010 Soft drinks industry levy: appeals and reviews (opens in a new tab)
s.sch001 Workers' services provided to public sector through intermediaries (opens in a new tab)
s.sch001 ITEPA 2003 is amended as follows.
s.sch001 In section 7(5)(a) of ITEPA 2003 (amounts treated as earnings...
s.sch001 In section 49 of ITEPA 2003 (engagements to which Chapter...
s.sch001 In section 339A of ITEPA 2003 (travel for employment involving...
s.sch001 In Chapter 11 of Part 2 of ITTOIA 2005 (trade...
s.sch001 In Chapter 9 of Part 3 of CTA 2009 (trade...
s.sch001 The amendments made in ITEPA 2003 by Parts 1 and...
s.sch001 The amendment made by Part 2 of this Schedule has...
s.sch001 The payments to which the amendments made in ITTOIA 2005...
s.sch001 In section 48 (scope of Chapter 8 of Part 2:...
s.sch001 In section 49(1) (engagements to which Chapter applies), after paragraph...
s.sch001 In section 52(2)(b) and (c) (conditions of liability under Chapter...
s.sch001 In section 61(1) (interpretation of Chapter 8), before the definition...
s.sch001 In section 61A (scope of Chapter 9 of Part 2:...
s.sch001 In section 61D (deemed earnings where worker's services provided by...
s.sch001 In section 61J(1) (interpretation of Chapter 9), before the definition...
s.sch001 In Part 2 of ITEPA 2003 (employment income: charge to...
s.sch002 In Part 3 of ITEPA 2003 (employment income: earnings and...
s.sch002 In section 100 (accommodation provided as result of security threat),...
s.sch002 In section 100A (homes outside UK owned by company etc),...
s.sch002 In section 101 (Chevening House), in the words before paragraph...
s.sch002 (1) Section 102 (benefit of living accommodation treated as earnings)...
s.sch002 In section 103 (method of calculating cash equivalent), in subsection...
s.sch002 After section 103 insert— Accommodation provided pursuant to optional remuneration...
s.sch002 (1) Section 105 (cash equivalent: cost of accommodation not over...
s.sch002 (1) Section 106 (cash equivalent: cost of accommodation over £75,000)...
s.sch002 (1) Section 109 (priority of Chapter 5 over Chapter 1...
s.sch002 In section 114 (cars, vans and related benefits), in subsection...
s.sch002 Part 3 of ITEPA 2003 (employment income: earnings and benefits...
s.sch002 (1) Section 119 (where alternative to benefit of car or...
s.sch002 In section 120 (benefit of car treated as earnings), after...
s.sch002 After section 120 insert— Benefit of car treated as earnings:...
s.sch002 After section 121 insert— Optional remuneration arrangements: method of calculating...
s.sch002 In section 126 (amounts taken into account in respect of...
s.sch002 (1) Section 131 (replacement accessories) is amended as follows.
s.sch002 In section 132 (capital contributions by employee), in subsection (1),...
s.sch002 After section 132 insert— Capital contributions by employee: optional remuneration...
s.sch002 (1) Section 143 (deduction for periods when car unavailable) is...
s.sch002 (1) Section 144 (deduction for payments for private use) is...
s.sch002 (1) Section 81 (benefit of cash voucher treated as earnings)...
s.sch002 (1) Section 145 (modification of provisions where car temporarily replaced)...
s.sch002 (1) Section 146 (cars that run on road fuel gas)...
s.sch002 After section 147 insert— Classic cars: optional remuneration arrangements (1) This section applies in calculating the relevant amount in...
s.sch002 (1) Section 148 (reduction of cash equivalent where car is...
s.sch002 In section 149 (benefit of car fuel treated as earnings),...
s.sch002 After section 149 insert— Benefit of car fuel treated as...
s.sch002 In section 154 (benefit of van treated as earnings), after...
s.sch002 After section 154 insert— Benefit of van treated as earnings:...
s.sch002 After section 158 insert— Van provided pursuant to optional remuneration...
s.sch002 (1) Section 160 (benefit of van fuel treated as earnings)...
s.sch002 After section 87 insert— Benefit of non-cash voucher treated as...
s.sch002 After section 160 insert— Benefit of van fuel treated as...
s.sch002 In section 170 (orders etc relating to Chapter 6 of...
s.sch002 In section 173 (loans to which Chapter 7 applies), in...
s.sch002 In section 175 (benefit of taxable cheap loan treated as...
s.sch002 (1) After section 175 insert— Optional remuneration arrangements: “relevant amount”...
s.sch002 In section 180 (threshold for benefit of loan to be...
s.sch002 In section 184 (interest treated as paid), in subsection (1),...
s.sch002 In section 202 (excluded benefits), after subsection (1) insert—
s.sch002 After section 203 insert— Employment-related benefit provided under optional remuneration...
s.sch002 In Part 4 of ITEPA 2003 (employment income: exemptions), after...
s.sch002 In section 88 (year in which earnings treated as received)—...
s.sch002 (1) Section 19 of ITEPA 2003 (receipt of non-money earnings)...
s.sch002 In section 95 of ITEPA 2003 (disregard for money, goods...
s.sch002 (1) In section 236 of ITEPA 2003 (interpretation of Chapter...
s.sch002 (1) Section 239 of ITEPA 2003 (payments and benefits connected...
s.sch002 In section 362 of ITEPA 2003 (deductions where non-cash voucher...
s.sch002 In section 318A of ITEPA 2003 (childcare: limited exemption for...
s.sch002 In section 363 of ITEPA 2003 (deductions where credit-token provided),...
s.sch002 In section 693 of ITEPA 2003 (cash vouchers), in subsection...
s.sch002 In section 694 of ITEPA 2003 (non-cash vouchers), in subsection...
s.sch002 In section 695 of ITEPA 2003 (benefit of credit-token treated...
s.sch002 After section 94 insert— Benefit of credit-token treated as earnings:...
s.sch002 In Part 2 of Schedule 1 to ITEPA 2003 (index...
s.sch002 In Part 2 of Schedule 1 to ITEPA 2003 (index...
s.sch002 (1) The amendments made by paragraphs 1, 52(1)(a) and (2)...
s.sch002 In section 97 (living accommodation to which Chapter 5 applies),...
s.sch002 In section 98 (accommodation provided by local authority), in the...
s.sch002 (1) Section 99 (accommodation provided for performance of duties) is...
s.sch003 Overseas pensions (opens in a new tab)
s.sch003 (1) In Chapter 5A of Part 4 of FA 2004...
s.sch003 (1) After section 574 insert— “Pension”: relevant lump sums (1) A lump sum paid under a pension scheme to...
s.sch003 (1) In section 576A (temporary non-residents), as it applies where...
s.sch003 (1) In section 576A, as it applies where the year...
s.sch003 (1) In section 393B(2)(a) (tax on benefits under employer-financed retirement...
s.sch003 (1) Omit section 575(2) of ITEPA 2003 (foreign pensions received...
s.sch003 (1) Section 615 of ICTA (trust funds for pensions in...
s.sch003 ITEPA 2003 is amended as follows.
s.sch003 (1) Section 395B (exemption or reduction for foreign service) is...
s.sch003 After section 395B insert— Meaning of “foreign service” in section...
s.sch003 In section 554Z4 (treatment of relevant step: residence issues), after...
s.sch003 In section 573 (foreign pensions), after subsection (3) insert—
s.sch003 In section 574(1) (foreign pensions: meaning of “pension”), after paragraph...
s.sch004 Pensions: offshore transfers (opens in a new tab)
s.sch004 Schedule 34 to FA 2004 (non-UK pension schemes: application of...
s.sch004 (1) Section 576A of ITEPA 2003, as it applies where...
s.sch004 In Part 4 of FA 2004 (pension schemes etc), after...
s.sch004 Part 4 of FA 2004 is further amended as follows....
s.sch004 (1) Section 169 (recognised transfers, and definition and obligations of...
s.sch004 After Chapter 5 insert— CHAPTER 5A Registered pension schemes established...
s.sch004 In section 254(6) (regulations about accounting for tax by scheme...
s.sch004 In section 255(1) (power to make provision for assessments), after...
s.sch004 In section 269(1)(a) (appeal against decision on discharge of liability),...
s.sch004 In Schedule 32 (benefit crystallisation events: supplementary provision), after paragraph...
s.sch004 In section 9(1A) of TMA 1970 (tax not within the...
s.sch004 (1) Paragraph 1 (application of member payment charges to relevant...
s.sch004 In Schedule 56 to FA 2009 (penalty for failure to...
s.sch004 (1) In regulation 3(1) of the Registered Pension Schemes (Accounting...
s.sch004 (1) The Pension Schemes (Information Requirements for Qualifying Overseas Pension...
s.sch004 (1) The Registered Pension Schemes (Transfers of Sums and Assets)...
s.sch004 (1) The Registered Pension Schemes (Provision of Information) Regulations 2006...
s.sch004 (1) Subject to sub-paragraphs (2) to (4), the amendments made...
s.sch004 (1) Paragraph 2 (member payment provisions apply to payments out...
s.sch004 (1) Paragraph 3 (payments to or in respect of relieved...
s.sch004 (1) Paragraph 4 (payments to or in respect of transfer...
s.sch004 In paragraph 7(2)(c) (regulations about application of member payment provisions),...
s.sch004 (1) Paragraph 9ZB (application of section 227G) is amended as...
s.sch004 The amendments made by paragraph 3 apply in relation to...
s.sch004 (1) Section 576A of ITEPA 2003, as it applies where...
s.sch005 In Chapter 3 of Part 15 of ITA 2007 (deduction...
s.sch005 In section 45(2) of FA 2009 (provision that regulations may...
s.sch005 In Chapter 3 of Part 15 of ITA 2007 (deduction...
s.sch005 In section 874(3)(a) of ITA 2007 (which refers to provisions...
s.sch005 (1) The new sections 888B to 888D of ITA 2007,...
s.sch006 Employment income provided through third parties (opens in a new tab)
s.sch006 Part 7A of ITEPA 2003 (employment income provided through third...
s.sch006 For section 554Z5 (overlap with earlier relevant step) substitute— Overlap...
s.sch006 After section 554Z11A insert— Double taxation: earlier income tax liability...
s.sch006 (1) Paragraph 59 of Schedule 2 to FA 2011 (transitional...
s.sch006 Subject to paragraphs 14 to 16, the amendments made by...
s.sch006 Section 554RA of ITEPA 2003, inserted by paragraph 8 of...
s.sch006 (1) Paragraph 13 does not apply in relation to the...
s.sch006 The amendments made by paragraph 12 of this Schedule to...
s.sch006 In section 554A(2) (meaning of “relevant”) at the end insert...
s.sch006 (1) Section 554C (relevant steps: payment of sum, transfer of...
s.sch006 In section 554A(4) (non-application of Chapter 2 where relevant step...
s.sch006 After section 554O insert— Exclusions: transfer of employment-related loans (1) Chapter 2 does not apply by reason of a...
s.sch006 In section 554Z(10)(b) (interpretation: relevant step which involves a sum...
s.sch006 In section 554Z12(1) (relevant step taken after A's death etc.),...
s.sch006 After section 554R insert— Exclusions: relevant repayments (1) This section applies (subject to subsection (5)) if—
s.sch006 After section 554X insert— Exclusions: payments in respect of a...
s.sch007 (1) In Schedule 8 to VATA 1994 (zero-rating), Group 12...
s.sch007 In Schedule 8 to VATA 1994, in Group 12—
s.sch007 (1) Section 62 of VATA 1994 (incorrect certificates as to...
s.sch007 Schedule 8 to VATA 1994 is amended as follows.
s.sch007 In Part 1 (index to zero-rated supplies of goods and...
s.sch007 In Group 4 (talking books for the blind and handicapped...
s.sch007 In Group 12 (drugs, medicines, aids for the handicapped etc)—...
s.sch007 In Group 15 (charities etc)— (a) in item 5 and...
s.sch007 The amendments made by this Schedule have effect in relation...
s.sch008 Soft drinks industry levy is recoverable as a debt due...
s.sch008 (1) This paragraph applies where— (a) an amount has been...
s.sch008 (1) The Commissioners may by regulations make provision for reimbursement...
s.sch008 (1) Sub-paragraph (3) applies where— (a) an amount has been...
s.sch008 (1) Sub-paragraph (2) applies where— (a) an assessment has been...
s.sch008 (1) Where an amount has been assessed and notified to...
s.sch008 An assessment under paragraph 12 or 13 may not be...
s.sch008 (1) A notice of an assessment under paragraph 2, 5,...
s.sch008 A notice under this Schedule may be given to a...
s.sch008 (1) Sub-paragraph (2) applies where it appears to the Commissioners—...
s.sch008 (1) Sub-paragraph (2) applies where— (a) the Commissioners have made...
s.sch008 (1) Sub-paragraph (2) applies where it appears to the Commissioners...
s.sch008 (1) Sub-paragraph (2) applies where— (a) an assessment has been...
s.sch008 (1) Where an amount has been assessed and notified to...
s.sch008 (1) An assessment under paragraph 2, 4 or 5 may...
s.sch008 (1) This paragraph applies where a person (P) has paid...
s.sch008 (1) The Commissioners are not liable, on a claim for...
s.sch009 (1) A person who fails to comply with a requirement...
s.sch009 A notice under this Schedule may be given to a...
s.sch009 (1) A person who fails to comply with a requirement...
s.sch009 (1) If it appears to the Treasury that there has...
s.sch009 (1) A failure by any person to comply with any...
s.sch009 (1) Where a person becomes liable for a penalty under...
s.sch009 (1) Sub-paragraph (2) applies where— (a) an assessment has been...
s.sch009 (1) Where an amount has been assessed and notified to...
s.sch009 (1) An assessment under paragraph 5 may not be made...
s.sch009 (1) A notice of an assessment under paragraph 5 or...
s.sch010 A person may appeal against a decision of the Commissioners...
s.sch010 (1) An appeal under paragraph 1 is to be made...
s.sch010 (1) An appeal relating to a decision that an amount...
s.sch010 On an appeal against a decision mentioned in paragraph 1(a)...
s.sch010 On an appeal against a decision mentioned in paragraph 1(f)...
s.sch010 Subject to paragraph 15, on an appeal against a decision...
s.sch010 (1) On an appeal against a decision mentioned in paragraph...
s.sch010 (1) HMRC must offer a person (P) a review of...
s.sch010 (1) Any person (other than P) who has the right...
s.sch010 (1) HMRC must review a decision if—
s.sch010 (1) If under paragraph 2 HMRC have offered P a...
s.sch010 (1) This paragraph applies if— (a) HMRC have offered a...
s.sch010 (1) This paragraph applies if HMRC are required to undertake...
s.sch010 A notice under this Schedule may be given to a...
s.sch010 In this Schedule “appeal tribunal” means the First-tier Tribunal or,...
s.sch011 Soft drinks industry levy: supplementary amendments (opens in a new tab)
s.sch011 (1) Schedule 36 to FA 2008 (powers to obtain information...
s.sch011 (1) Schedule 41 to FA 2008 (penalties: failure to notify...
s.sch011 In Schedule 24 to FA 2007 (penalties for errors), in...
s.sch011 (1) Schedule 55 to FA 2009 (penalty for failure to...
s.sch011 (1) Schedule 56 to FA 2009 (penalty for failure to...
s.sch011 (1) Schedule 23 to FA 2011 (data-gathering powers) is amended...
s.sch011 In Schedule 53 to FA 2009 (late payment interest) after...

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