Manage your employees
- 1 step
UK Act of Parliament
2017
United Kingdom
Finance Act 2017
At a glance
Enforced by
What's here
5 compliance obligations, 2 practical guides · 3 journeys
Penalty landscape
1 of 5 obligations carry imprisonment (14 years). 1 carries different penalties and 3 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 3
- Responsible Person 1
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
2 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
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
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 — Direct and indirect taxes
Browse 24 other sections in this Part — procedural / definitional / commencement
Income tax charge for tax year 2017-18
Main rates of income tax for tax year 2017-18
Default and savings rates of income tax for tax year 2017-18
Starting rate limit for savings for tax year 2017-18
Corporation tax charge for financial year 2018
Workers' services provided to public sector through intermediaries
Optional remuneration arrangements
Taxable benefits: asset made available without transfer
Overseas pensions
Pensions: offshore transfers
Deduction of income tax at source
Employee shareholder shares: amount treated as earnings
Employee shareholder shares: abolition of CGT exemption
Employee shareholder shares: purchase by company
Employment income provided through third parties
VAT : zero-rating of adapted motor vehicles etc
Insurance premium tax: standard rate
Insurance premium tax: anti-forestalling provision
Air passenger duty: rates from 1 April 2017
Vehicle excise duty: rates
Alcoholic liquor duties: rates
Tobacco products duty: rates
Tobacco products duty: minimum excise duty
Promoters of tax avoidance schemes: threshold conditions etc
Part 2 — Soft drinks industry levy
Liability to pay the levy
- Pay the soft drinks industry levy if you package or import drinks Responsible Person
Notification of liability and registration
3 years imprisonment- Register with HMRC if you are liable for Soft Drinks Industry Levy Any Person
Voluntary registration: small producers
Other duties (1) — Crown / regulator
- HMRC must register eligible small soft drink producers upon application Statutory regulator
Fraudulent evasion
14 years imprisonment- Fraudulently evade the soft drinks industry levy Any Person
Browse 35 other sections in this Part — procedural / definitional / commencement
Soft drinks industry levy
“Soft drink” and “package”
Meaning of “prepared drink”
Meaning of “chargeable soft drink”
Sugar content condition
Exempt soft drinks
Charge to soft drinks industry levy
Chargeable events: soft drinks packaged in the UK
Chargeable events: soft drinks imported into the UK
Secondary warehousing regulations
Levy rates
Determining levy rate for flavour concentrates
Small producer exemption
Meaning of “small producer”
Tax credits
The register
Liability to register: packagers
Liability to register: producers
Liability to register: imported chargeable soft drinks
Cancellation of registration under section 41, 42 or 43
Cancellation of voluntary registration
Correction of the register
Applications, notifications etc
Failure to notify registration liability
Payment, collection and recovery
Records
Power to make further provision about enforcement
Appeals etc
Supplementary amendments
Regulations: death, incapacity or insolvency of person carrying on a business
Provisional collection of soft drinks industry levy
Isle of Man: import and export of chargeable soft drinks
Interpretation of Part 2
Regulations
Commencement
Part 3 — Final
Browse 2 other sections in this Part — procedural / definitional / commencement
Interpretation
Short title
Schedules
Soft drinks industry levy: requirements to keep records etc: penalties
- Maintain records and follow HMRC directions for the Soft Drinks Industry Levy Any Person
Browse 206 other Schedules — structural / supplementary
Optional remuneration arrangements
Deduction of income tax at source
VAT: zero-rating of adapted motor vehicles etc
Soft drinks industry levy: recovery and overpayments
Soft drinks industry levy: appeals and reviews
Workers' services provided to public sector through intermediaries
ITEPA 2003 is amended as follows.
In section 7(5)(a) of ITEPA 2003 (amounts treated as earnings...
In section 49 of ITEPA 2003 (engagements to which Chapter...
In section 339A of ITEPA 2003 (travel for employment involving...
In Chapter 11 of Part 2 of ITTOIA 2005 (trade...
In Chapter 9 of Part 3 of CTA 2009 (trade...
The amendments made in ITEPA 2003 by Parts 1 and...
The amendment made by Part 2 of this Schedule has...
The payments to which the amendments made in ITTOIA 2005...
In section 48 (scope of Chapter 8 of Part 2:...
In section 49(1) (engagements to which Chapter applies), after paragraph...
In section 52(2)(b) and (c) (conditions of liability under Chapter...
In section 61(1) (interpretation of Chapter 8), before the definition...
In section 61A (scope of Chapter 9 of Part 2:...
In section 61D (deemed earnings where worker's services provided by...
In section 61J(1) (interpretation of Chapter 9), before the definition...
In Part 2 of ITEPA 2003 (employment income: charge to...
In Part 3 of ITEPA 2003 (employment income: earnings and...
In section 100 (accommodation provided as result of security threat),...
In section 100A (homes outside UK owned by company etc),...
In section 101 (Chevening House), in the words before paragraph...
(1) Section 102 (benefit of living accommodation treated as earnings)...
In section 103 (method of calculating cash equivalent), in subsection...
After section 103 insert— Accommodation provided pursuant to optional remuneration...
(1) Section 105 (cash equivalent: cost of accommodation not over...
(1) Section 106 (cash equivalent: cost of accommodation over £75,000)...
(1) Section 109 (priority of Chapter 5 over Chapter 1...
In section 114 (cars, vans and related benefits), in subsection...
Part 3 of ITEPA 2003 (employment income: earnings and benefits...
(1) Section 119 (where alternative to benefit of car or...
In section 120 (benefit of car treated as earnings), after...
After section 120 insert— Benefit of car treated as earnings:...
After section 121 insert— Optional remuneration arrangements: method of calculating...
In section 126 (amounts taken into account in respect of...
(1) Section 131 (replacement accessories) is amended as follows.
In section 132 (capital contributions by employee), in subsection (1),...
After section 132 insert— Capital contributions by employee: optional remuneration...
(1) Section 143 (deduction for periods when car unavailable) is...
(1) Section 144 (deduction for payments for private use) is...
(1) Section 81 (benefit of cash voucher treated as earnings)...
(1) Section 145 (modification of provisions where car temporarily replaced)...
(1) Section 146 (cars that run on road fuel gas)...
After section 147 insert— Classic cars: optional remuneration arrangements (1) This section applies in calculating the relevant amount in...
(1) Section 148 (reduction of cash equivalent where car is...
In section 149 (benefit of car fuel treated as earnings),...
After section 149 insert— Benefit of car fuel treated as...
In section 154 (benefit of van treated as earnings), after...
After section 154 insert— Benefit of van treated as earnings:...
After section 158 insert— Van provided pursuant to optional remuneration...
(1) Section 160 (benefit of van fuel treated as earnings)...
After section 87 insert— Benefit of non-cash voucher treated as...
After section 160 insert— Benefit of van fuel treated as...
In section 170 (orders etc relating to Chapter 6 of...
In section 173 (loans to which Chapter 7 applies), in...
In section 175 (benefit of taxable cheap loan treated as...
(1) After section 175 insert— Optional remuneration arrangements: “relevant amount”...
In section 180 (threshold for benefit of loan to be...
In section 184 (interest treated as paid), in subsection (1),...
In section 202 (excluded benefits), after subsection (1) insert—
After section 203 insert— Employment-related benefit provided under optional remuneration...
In Part 4 of ITEPA 2003 (employment income: exemptions), after...
In section 88 (year in which earnings treated as received)—...
(1) Section 19 of ITEPA 2003 (receipt of non-money earnings)...
In section 95 of ITEPA 2003 (disregard for money, goods...
(1) In section 236 of ITEPA 2003 (interpretation of Chapter...
(1) Section 239 of ITEPA 2003 (payments and benefits connected...
In section 362 of ITEPA 2003 (deductions where non-cash voucher...
In section 318A of ITEPA 2003 (childcare: limited exemption for...
In section 363 of ITEPA 2003 (deductions where credit-token provided),...
In section 693 of ITEPA 2003 (cash vouchers), in subsection...
In section 694 of ITEPA 2003 (non-cash vouchers), in subsection...
In section 695 of ITEPA 2003 (benefit of credit-token treated...
After section 94 insert— Benefit of credit-token treated as earnings:...
In Part 2 of Schedule 1 to ITEPA 2003 (index...
In Part 2 of Schedule 1 to ITEPA 2003 (index...
(1) The amendments made by paragraphs 1, 52(1)(a) and (2)...
In section 97 (living accommodation to which Chapter 5 applies),...
In section 98 (accommodation provided by local authority), in the...
(1) Section 99 (accommodation provided for performance of duties) is...
Overseas pensions
(1) In Chapter 5A of Part 4 of FA 2004...
(1) After section 574 insert— “Pension”: relevant lump sums (1) A lump sum paid under a pension scheme to...
(1) In section 576A (temporary non-residents), as it applies where...
(1) In section 576A, as it applies where the year...
(1) In section 393B(2)(a) (tax on benefits under employer-financed retirement...
(1) Omit section 575(2) of ITEPA 2003 (foreign pensions received...
(1) Section 615 of ICTA (trust funds for pensions in...
ITEPA 2003 is amended as follows.
(1) Section 395B (exemption or reduction for foreign service) is...
After section 395B insert— Meaning of “foreign service” in section...
In section 554Z4 (treatment of relevant step: residence issues), after...
In section 573 (foreign pensions), after subsection (3) insert—
In section 574(1) (foreign pensions: meaning of “pension”), after paragraph...
Pensions: offshore transfers
Schedule 34 to FA 2004 (non-UK pension schemes: application of...
(1) Section 576A of ITEPA 2003, as it applies where...
In Part 4 of FA 2004 (pension schemes etc), after...
Part 4 of FA 2004 is further amended as follows....
(1) Section 169 (recognised transfers, and definition and obligations of...
After Chapter 5 insert— CHAPTER 5A Registered pension schemes established...
In section 254(6) (regulations about accounting for tax by scheme...
In section 255(1) (power to make provision for assessments), after...
In section 269(1)(a) (appeal against decision on discharge of liability),...
In Schedule 32 (benefit crystallisation events: supplementary provision), after paragraph...
In section 9(1A) of TMA 1970 (tax not within the...
(1) Paragraph 1 (application of member payment charges to relevant...
In Schedule 56 to FA 2009 (penalty for failure to...
(1) In regulation 3(1) of the Registered Pension Schemes (Accounting...
(1) The Pension Schemes (Information Requirements for Qualifying Overseas Pension...
(1) The Registered Pension Schemes (Transfers of Sums and Assets)...
(1) The Registered Pension Schemes (Provision of Information) Regulations 2006...
(1) Subject to sub-paragraphs (2) to (4), the amendments made...
(1) Paragraph 2 (member payment provisions apply to payments out...
(1) Paragraph 3 (payments to or in respect of relieved...
(1) Paragraph 4 (payments to or in respect of transfer...
In paragraph 7(2)(c) (regulations about application of member payment provisions),...
(1) Paragraph 9ZB (application of section 227G) is amended as...
The amendments made by paragraph 3 apply in relation to...
(1) Section 576A of ITEPA 2003, as it applies where...
In Chapter 3 of Part 15 of ITA 2007 (deduction...
In section 45(2) of FA 2009 (provision that regulations may...
In Chapter 3 of Part 15 of ITA 2007 (deduction...
In section 874(3)(a) of ITA 2007 (which refers to provisions...
(1) The new sections 888B to 888D of ITA 2007,...
Employment income provided through third parties
Part 7A of ITEPA 2003 (employment income provided through third...
For section 554Z5 (overlap with earlier relevant step) substitute— Overlap...
After section 554Z11A insert— Double taxation: earlier income tax liability...
(1) Paragraph 59 of Schedule 2 to FA 2011 (transitional...
Subject to paragraphs 14 to 16, the amendments made by...
Section 554RA of ITEPA 2003, inserted by paragraph 8 of...
(1) Paragraph 13 does not apply in relation to the...
The amendments made by paragraph 12 of this Schedule to...
In section 554A(2) (meaning of “relevant”) at the end insert...
(1) Section 554C (relevant steps: payment of sum, transfer of...
In section 554A(4) (non-application of Chapter 2 where relevant step...
After section 554O insert— Exclusions: transfer of employment-related loans (1) Chapter 2 does not apply by reason of a...
In section 554Z(10)(b) (interpretation: relevant step which involves a sum...
In section 554Z12(1) (relevant step taken after A's death etc.),...
After section 554R insert— Exclusions: relevant repayments (1) This section applies (subject to subsection (5)) if—
After section 554X insert— Exclusions: payments in respect of a...
(1) In Schedule 8 to VATA 1994 (zero-rating), Group 12...
In Schedule 8 to VATA 1994, in Group 12—
(1) Section 62 of VATA 1994 (incorrect certificates as to...
Schedule 8 to VATA 1994 is amended as follows.
In Part 1 (index to zero-rated supplies of goods and...
In Group 4 (talking books for the blind and handicapped...
In Group 12 (drugs, medicines, aids for the handicapped etc)—...
In Group 15 (charities etc)— (a) in item 5 and...
The amendments made by this Schedule have effect in relation...
Soft drinks industry levy is recoverable as a debt due...
(1) This paragraph applies where— (a) an amount has been...
(1) The Commissioners may by regulations make provision for reimbursement...
(1) Sub-paragraph (3) applies where— (a) an amount has been...
(1) Sub-paragraph (2) applies where— (a) an assessment has been...
(1) Where an amount has been assessed and notified to...
An assessment under paragraph 12 or 13 may not be...
(1) A notice of an assessment under paragraph 2, 5,...
A notice under this Schedule may be given to a...
(1) Sub-paragraph (2) applies where it appears to the Commissioners—...
(1) Sub-paragraph (2) applies where— (a) the Commissioners have made...
(1) Sub-paragraph (2) applies where it appears to the Commissioners...
(1) Sub-paragraph (2) applies where— (a) an assessment has been...
(1) Where an amount has been assessed and notified to...
(1) An assessment under paragraph 2, 4 or 5 may...
(1) This paragraph applies where a person (P) has paid...
(1) The Commissioners are not liable, on a claim for...
(1) A person who fails to comply with a requirement...
A notice under this Schedule may be given to a...
(1) A person who fails to comply with a requirement...
(1) If it appears to the Treasury that there has...
(1) A failure by any person to comply with any...
(1) Where a person becomes liable for a penalty under...
(1) Sub-paragraph (2) applies where— (a) an assessment has been...
(1) Where an amount has been assessed and notified to...
(1) An assessment under paragraph 5 may not be made...
(1) A notice of an assessment under paragraph 5 or...
A person may appeal against a decision of the Commissioners...
(1) An appeal under paragraph 1 is to be made...
(1) An appeal relating to a decision that an amount...
On an appeal against a decision mentioned in paragraph 1(a)...
On an appeal against a decision mentioned in paragraph 1(f)...
Subject to paragraph 15, on an appeal against a decision...
(1) On an appeal against a decision mentioned in paragraph...
(1) HMRC must offer a person (P) a review of...
(1) Any person (other than P) who has the right...
(1) HMRC must review a decision if—
(1) If under paragraph 2 HMRC have offered P a...
(1) This paragraph applies if— (a) HMRC have offered a...
(1) This paragraph applies if HMRC are required to undertake...
A notice under this Schedule may be given to a...
In this Schedule “appeal tribunal” means the First-tier Tribunal or,...
Soft drinks industry levy: supplementary amendments
(1) Schedule 36 to FA 2008 (powers to obtain information...
(1) Schedule 41 to FA 2008 (penalties: failure to notify...
In Schedule 24 to FA 2007 (penalties for errors), in...
(1) Schedule 55 to FA 2009 (penalty for failure to...
(1) Schedule 56 to FA 2009 (penalty for failure to...
(1) Schedule 23 to FA 2011 (data-gathering powers) is amended...
In Schedule 53 to FA 2009 (late payment interest) after...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Soft Drinks Industry Levy (HMRC guidance) (opens in a new tab) Detailed Guidance
- Expenses if you're self-employed (opens in a new tab) from HMRC Detailed Guidance
- Trading allowance (GOV.UK) (opens in a new tab) from HMRC Detailed Guidance
- Abstracting water - licences and permits (opens in a new tab) Detailed Guidance
- Understanding off payroll working ir35 (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 …
Explore more
Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.