UK Act of Parliament 2017 United Kingdom

Finance (No. 2) 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 2 of 35 obligations carry a criminal penalty. 5 carry different penalties and 28 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person20 Client3 Responsible Person2 Trader1

Plus 9 duties 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
Client — also bound by 62 other Acts
Responsible Person — also bound by 108 other Acts
MH(CT)(S)A 2003 30 duties
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 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 taxes

0 of 42 sections shown
42 other sections in this Part — procedural and definitional
s.001 Taxable benefits: time limit for making good (opens in a new tab)
s.002 Taxable benefits: ultra-low emission vehicles (opens in a new tab)
s.003 Pensions advice (opens in a new tab)
s.004 Legal expenses etc (opens in a new tab)
s.005 Termination payments etc: amounts chargeable on employment income (opens in a new tab)
s.006 PAYE settlement agreements (opens in a new tab)
s.007 Money purchase annual allowance (opens in a new tab)
s.008 Dividend nil rate for tax year 2018-19 etc (opens in a new tab)
s.009 Life insurance policies: recalculating gains on part surrenders etc (opens in a new tab)
s.010 Personal portfolio bonds (opens in a new tab)
s.011 EIS and SEIS: the no pre-arranged exits requirement (opens in a new tab)
s.012 VCTs: follow-on funding (opens in a new tab)
s.013 VCTs: exchange of non-qualifying shares and securities (opens in a new tab)
s.014 Social investment tax relief (opens in a new tab)
s.015 Business investment relief (opens in a new tab)
s.016 Calculation of profits of trades and property businesses (opens in a new tab)
s.017 Trading and property allowances (opens in a new tab)
s.018 Carried-forward losses (opens in a new tab)
s.019 Losses: counteraction of avoidance arrangements (opens in a new tab)
s.020 Corporate interest restriction (opens in a new tab)
s.021 Museum and gallery exhibitions (opens in a new tab)
s.022 Grassroots sport (opens in a new tab)
s.023 Profits from the exploitation of patents: cost-sharing arrangements (opens in a new tab)
s.024 Hybrid and other mismatches (opens in a new tab)
s.025 Trading profits taxable at the Northern Ireland rate (opens in a new tab)
s.026 Elections in relation to assets appropriated to trading stock (opens in a new tab)
s.027 Substantial shareholding exemption (opens in a new tab)
s.028 Substantial shareholding exemption: institutional investors (opens in a new tab)
s.029 Deemed domicile: income tax and capital gains tax (opens in a new tab)
s.030 Deemed domicile: inheritance tax (opens in a new tab)
s.031 Settlements and transfer of assets abroad: value of benefits (opens in a new tab)
s.032 Exemption from attribution of carried interest gains (opens in a new tab)
s.033 Inheritance tax on overseas property representing UK residential property (opens in a new tab)
s.034 Employment income provided through third parties (opens in a new tab)
s.035 Trading income provided through third parties (opens in a new tab)
s.036 Disguised remuneration schemes: restriction of income tax relief (opens in a new tab)
s.037 Disguised remuneration schemes: restriction of corporation tax relief (opens in a new tab)
s.038 First-year allowance for expenditure on electric vehicle charging points (opens in a new tab)
s.039 Disposals concerned with land in United Kingdom (opens in a new tab)
s.040 Co-ownership authorised contractual schemes: capital allowances (opens in a new tab)
s.041 Co-ownership authorised contractual schemes: information requirements (opens in a new tab)
s.042 Co-ownership authorised contractual schemes: offshore funds (opens in a new tab)
Part 2

Indirect taxes

0 of 5 sections shown
5 other sections in this Part — procedural and definitional
s.043 Air passenger duty: rates of duty from 1 April 2018 (opens in a new tab)
s.044 Petroleum revenue tax: elections for oil fields to become non-taxable (opens in a new tab)
s.045 Gaming duty: rates (opens in a new tab)
s.046 Remote gaming duty: freeplay (opens in a new tab)
s.047 Tobacco products manufacturing machinery: licensing scheme (opens in a new tab)
Part 3

Fulfilment businesses

3 of 12 sections shown
s.050 Register of approved persons (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • HMRC must maintain a public register of approved fulfilment businessesStatutory regulator
s.053 Offence (opens in a new tab) Imprisonment
  • Carry on an imported goods fulfilment business without approvalAny Person
s.054 Forfeiture (opens in a new tab) Regulated
  • Storage of imported goods by an unapproved personAny Person
9 other sections in this Part — procedural and definitional
s.57 Section 57 (First-time buyer relief) (opens in a new tab)
s.048 Carrying on an imported goods fulfilment business (opens in a new tab)
s.049 Requirement for approval (opens in a new tab)
s.051 Regulations relating to approval, registration etc. (opens in a new tab)
s.052 Disclosure of information by HMRC (opens in a new tab)
s.055 Penalties (opens in a new tab)
s.056 Appeals (opens in a new tab)
s.058 Interpretation (opens in a new tab)
s.059 Commencement (opens in a new tab)
Part 4

Administration, avoidance and enforcement

1 of 10 sections shown
s.065 Penalties for enablers of defeated tax avoidance (opens in a new tab) Prosecution
  • Enabling tax avoidance schemes that are later defeatedAny Person

Unlimited fine

9 other sections in this Part — procedural and definitional
s.060 Digital reporting and record-keeping for income tax etc (opens in a new tab)
s.061 Digital reporting and record-keeping for income tax etc: further amendments (opens in a new tab)
s.062 Digital reporting and record-keeping for VAT (opens in a new tab)
s.063 Partial closure notices (opens in a new tab)
s.064 Errors in taxpayers' documents (opens in a new tab)
s.066 Disclosure of tax avoidance schemes: VAT and other indirect taxes (opens in a new tab)
s.067 Requirement to correct certain offshore tax non-compliance (opens in a new tab)
s.068 Penalty for transactions connected with VAT fraud etc (opens in a new tab)
s.069 Data-gathering from money service businesses (opens in a new tab)
Part 5

Final

0 of 3 sections shown
3 other sections in this Part — procedural and definitional
s.070 Northern Ireland welfare payments: updating statutory reference (opens in a new tab)
s.071 Interpretation (opens in a new tab)
s.072 Short title (opens in a new tab)
Schedules

Schedules

32 of 812 shown
Schedule 14 Digital reporting and record-keeping for income tax etc: further amendments (opens in a new tab)

Cited by 1 guide

s.sch001 After section 257LE insert— The no disqualifying arrangements requirement (1) The investment must not be made, and money raised... Regulated
  • Do not use investments to create artificial tax relief arrangementsAny Person
s.sch004 After paragraph 71 insert— Notice of consent: additional requirements where... Regulated
  • Include required details in notice of consent for carried-forward loss claimsTrader
s.sch011 (1) The relevant person may make an application to the... Regulated
Other duties (1) — Crown / regulator
  • HMRC must notify applicant of decision on accelerated payment applicationStatutory regulator
s.sch011 Duty to provide loan charge information Regulated
  • Provide HMRC with loan charge information by 1 October 2019Responsible Person
s.sch011 (1) A, or A’s personal representatives, must provide the loan... Regulated
  • Provide loan charge information to HMRC within specified windowAny Person
s.sch011 Penalties for failure to comply Prosecution
  • Fail to provide required loan charge informationAny Person

Fine up to £5,700

s.sch011 Penalties for inaccurate information and documents Prosecution
  • Submit inaccurate information to HMRCAny Person

Fine up to £3,000

s.sch011 Assessment of a penalty Regulated
Other duties (1) — Crown / regulator
  • HMRC must assess penalties and notify persons within statutory deadlinesStatutory regulator
s.sch011 (1) This paragraph applies where— (a) a person (“P”) has... Regulated
  • Provide loan charge information to HMRC by 15 April 2019Any Person
s.sch012 (1) T may make an application to the Commissioners for... Regulated
  • Apply to HMRC for deferred treatment of relevant benefit on accelerated payment repaymentAny Person
s.sch012 (1) T, or T’s personal representatives, must provide the loan... Regulated
  • Provide loan charge information to HMRC by October 2020Any Person
s.sch012 (1) Where a person becomes liable for a penalty under... Regulated
Other duties (1) — Crown / regulator
  • HMRC must notify persons when assessing penalties under paras 25/26Statutory regulator
s.sch016 (1) A referral must not be made under paragraph 26... Regulated
Other duties (1) — Crown / regulator
  • HMRC must notify and consider representations before making a referral on abusive tax arrangementsStatutory regulator
s.sch016 A referral under paragraph 26 must (as well as being... Regulated
Other duties (1) — Crown / regulator
  • HMRC must include required documents with GAAR referralCrown / Minister / Government department
s.sch016 (1) In this paragraph “enabler penalty proceedings” means proceedings before... Regulated
Other duties (1) — Crown / regulator
  • Tribunal must consider GAAR Panel opinion in enabler penalty proceedingsTribunal / Court
s.sch016 (1) Where a person carelessly or deliberately gives any incorrect... Prosecution
  • Provide incorrect information in a tax declarationAny Person

Fine up to £5,000

s.sch017 (1) This paragraph applies where— (a) a person has provided... Regulated
  • Respond to HMRC requests for further information on notifiable proposals within 10 working daysAny Person
s.sch017 (1) This paragraph applies where HMRC— (a) have required a... Regulated
  • Comply with tribunal order to provide information to HMRCAny Person
s.sch017 (1) If a reference number is allocated in a case... Regulated
Other duties (1) — Crown / regulator
  • HMRC must notify promoters and others of allocated reference numbersStatutory regulator
s.sch017 (1) This paragraph applies where HMRC have allocated a reference... Regulated
  • Respond to HMRC requests for information about tax avoidance arrangementsResponsible Person
s.sch017 (1) In this paragraph “client” means a person to whom... Regulated
  • Pass on tax avoidance scheme reference number to other partiesClient
s.sch017 (1) This paragraph applies where a person (“ the client... Regulated
  • Provide prescribed client information after receiving a tax avoidance reference numberClient
s.sch017 (1) Any person (P) who is a party to any... Regulated
  • Notify HMRC of tax avoidance scheme reference number and expected tax advantageAny Person
s.sch017 (1) This paragraph applies where a person who is a... Regulated
  • Report client information to HMRC for notifiable tax avoidance arrangementsAny Person
s.sch017 (1) This paragraph applies where— (a) a person (“the service... Regulated
  • Provide HMRC with information about other parties to arrangementsClient
s.sch017 (1) Where HMRC suspect that a person (P) is the... Regulated
  • Respond to HMRC notice about notifiable tax arrangementsAny Person
s.sch017 (1) Where HMRC receive from a person (P) a statement... Regulated
  • Comply with tribunal order to provide information to HMRCAny Person
s.sch017 (1) This paragraph applies where HMRC suspect— Regulated
  • Provide information to HMRC as an introducer of notifiable proposalsAny Person
s.sch017 No duty of confidentiality or other restriction on disclosure (however... Regulated
  • Voluntary disclosure to HMRC allowed despite confidentiality dutiesAny Person
s.sch018 Requirement to correct certain offshore tax non-compliance (opens in a new tab) Regulated
  • Failure to correct past offshore tax errorsAny Person
s.sch018 (1) Where by reason of any conduct a person— Regulated
Other duties (1) — Crown / regulator
  • HMRC must not penalise the same conduct twice under paragraph 1 and must cap combined penaltiesStatutory regulator
780 other schedules
s.003 Trading and property allowances (opens in a new tab)
s.005 Corporate interest restriction (opens in a new tab)
s.006 Relief for production of museum and gallery exhibitions (opens in a new tab)
s.011 Employment income provided through third parties: loans etc outstanding on 5 April 2019 (opens in a new tab)
s.012 Trading income provided through third parties: loans etc outstanding on 5 April 2019 (opens in a new tab)
s.015 Partial closure notices (opens in a new tab)
s.sch001 Social investment tax relief (opens in a new tab)
s.sch001 ITA 2007 is amended as follows.
s.sch001 (1) Section 257MQ (meaning of “excluded activity”) is amended as...
s.sch001 (1) ITA 2007 is amended as follows.
s.sch001 In Schedule 6 to FA 2015 (investment reliefs: excluded activities)...
s.sch001 In Part 2 of Schedule 24 to FA 2016 (tax...
s.sch001 (1) The amendments made by paragraphs 3 and 6 to...
s.sch001 The amendments made by paragraph 10— (a) so far as...
s.sch001 (1) Subject to sub-paragraph (3), the amendments made by paragraph...
s.sch001 In section 257K(1)(a)(iii) (date by which investment must be made...
s.sch001 After section 257LD insert— The existing investments requirement (1) If at the time immediately before the investment is...
s.sch001 (1) Section 257SH (power to require information where reason to...
s.sch001 (1) In the italic heading before section 257M, after “enterprise”...
s.sch001 In section 257MH (the number of employees requirement), in each...
s.sch001 After section 257MI insert— The financial health requirement (1) The social enterprise must meet the financial health requirement...
s.sch001 (1) Section 257MM (requirement to use money raised and to...
s.sch002 Trades and property businesses: calculation of profits (opens in a new tab)
s.sch002 ITTOIA 2005 is amended as follows.
s.sch002 In section 786(6) (meaning of “rent-a-room receipts”), for “(capital receipts)”...
s.sch002 In section 805(5) (meaning of “qualifying care receipts”), for “(capital...
s.sch002 ITTOIA 2005 is amended as follows.
s.sch002 In Chapter 3 of Part 3 (profits of property businesses:...
s.sch002 In the italic heading before section 272, at the end...
s.sch002 After that italic heading insert— Profits of a property business:...
s.sch002 (1) Section 272 (profits of a property business: application of...
s.sch002 After section 272 insert— Application of trading income rules: cash...
s.sch002 After section 272ZA insert— “ Calculation of profits: other general...
s.sch002 In section 272A (restricting deductions for finance costs related to...
s.sch002 For section 33A (cash basis: capital expenditure) substitute— Cash basis:...
s.sch002 (1) Section 274 (relationship between rules prohibiting and allowing deductions)...
s.sch002 In section 276(5) (introduction: profits of property businesses: lease premiums...
s.sch002 After section 276 insert— Application of Chapter to property businesses...
s.sch002 In Chapter 5 of Part 3 (profits of property businesses:...
s.sch002 In section 311A (replacement domestic items relief), in subsection (15)—...
s.sch002 In section 315 (deduction for expenditure on sea walls), after...
s.sch002 In section 322 (commercial letting of furnished holiday accommodation), after...
s.sch002 After section 329 insert— Application of Chapter where cash basis...
s.sch002 In section 331 (income charged)— (a) the existing text becomes...
s.sch002 After section 334 insert— Spreading of adjustment income on leaving...
s.sch002 In section 95A (application of Chapter 6 of Part 2...
s.sch002 In section 351 (income charged), after subsection (2) insert—
s.sch002 In section 353 (basic meaning of “post-cessation receipt”), after subsection...
s.sch002 In section 356 (application to businesses within the charge to...
s.sch002 In section 786 (meaning of “rent-a-room receipts”), after subsection (6)...
s.sch002 In section 860 (adjustment income), in subsection (5), after “Chapter...
s.sch002 In section 866 (employee benefit contributions: non-trades and non-property businesses),...
s.sch002 In section 867 (business entertainment and gifts: non-trades and non-property...
s.sch002 In section 868 (social security contributions: non-trades etc), in subsection...
s.sch002 In section 869 (penalties, interest and VAT surcharges: non-trades etc),...
s.sch002 In section 870 (crime-related payments: non-trades and non-property businesses), in...
s.sch002 (1) Section 96A (cash basis: capital receipts) is amended as...
s.sch002 In section 872 (losses calculated on same basis as miscellaneous...
s.sch002 In Part 2 of Schedule 4 (index of defined expressions),...
s.sch002 In section 42 of TMA 1970 (procedure for making claims...
s.sch002 TCGA 1992 is amended as follows.
s.sch002 In section 37 (consideration chargeable to tax on income), after...
s.sch002 (1) Section 41 (restriction of losses by reference to capital...
s.sch002 (1) Section 47A (exemption for disposals by persons using cash...
s.sch002 Section 47B (disposals made by persons after leaving cash basis)...
s.sch002 CAA 2001 is amended as follows.
s.sch002 In section 1 (capital allowances), omit subsections (4) and (5)....
s.sch002 After section 96A insert— Section 96A: supplementary provision (1) This section has effect for the purposes of section...
s.sch002 After section 1 insert— Capital allowances and charges: cash basis...
s.sch002 (1) Section 4 (capital expenditure) is amended as follows.
s.sch002 (1) Section 59 (unrelieved qualifying expenditure) is amended as follows....
s.sch002 (1) Section 66A (persons leaving cash basis) is amended as...
s.sch002 After section 419 insert— Unrelieved qualifying expenditure: entry to cash...
s.sch002 After section 431C insert— Persons leaving cash basis (1) This section applies if— (a) a person carrying on...
s.sch002 After section 461 insert— Unrelieved qualifying expenditure: entry to cash...
s.sch002 After section 462 insert— Persons leaving cash basis (1) This section applies if— (a) a person carrying on...
s.sch002 After section 475 insert— Unrelieved qualifying expenditure: entry to cash...
s.sch002 After section 477 insert— Persons leaving cash basis (1) This section applies if— (a) a person carrying on...
s.sch002 In section 106D (capital receipts), for “(cash basis: capital receipts)”...
s.sch002 ITA 2007 is amended as follows.
s.sch002 In Part 4 (loss relief), in section 59 (overview of...
s.sch002 (1) Chapter 4 of Part 4 (losses from property businesses)...
s.sch002 In Chapter 1 of Part 8 (relief for interest payments),...
s.sch002 (1) The amendments made by this Schedule have effect for...
s.sch002 (1) Section 240C (unrelieved qualifying expenditure) is amended as follows....
s.sch002 After section 240C insert— Unrelieved qualifying expenditure: Part 5 of...
s.sch002 (1) Section 240D (assets not fully paid for) is amended...
s.sch003 In ITTOIA 2005, after section 783 insert— PART 6A Income...
s.sch003 In section 828 (overlap profit), in subsection (3), for “section...
s.sch003 In Part 2 of Schedule 4 (defined expressions)—
s.sch003 In TIOPA 2010— (a) in section 22(8) (credit for foreign...
s.sch003 The amendments made by this Schedule have effect for the...
s.sch003 ITTOIA 2005 is amended in accordance with paragraphs 3 to...
s.sch003 In section 1 (overview of Act), before paragraph (a) of...
s.sch003 In Chapter 2 of Part 2 (trading income: income taxed...
s.sch003 In Chapter 15 of Part 2 (basis periods), after section...
s.sch003 In section 227A (application of Chapter where cash basis used),...
s.sch003 After section 227A insert— Cash basis treatment: full relief under...
s.sch003 After section 307F (inserted by Schedule 2 to this Act)...
s.sch003 In section 688 (income charged under Chapter 8 of Part...
s.sch004 Relief for carried-forward losses (opens in a new tab)
s.sch004 Part 5 of CTA 2009 (loan relationships) is amended as...
s.sch004 (1) Section 45 (carry forward of trade loss against subsequent...
s.sch004 In section 357SF (losses of television programme trade: restriction on...
s.sch004 In section 357SG (losses of television programme trade: use of...
s.sch004 In section 357TF (losses of video game trade: restriction on...
s.sch004 In section 357TG (losses of video game trade: use of...
s.sch004 In section 357UF (losses of theatrical trade: restriction on use...
s.sch004 In section 357UO (losses of orchestral trade: restriction on use...
s.sch004 (1) Section 826 of ICTA (interest on tax overpaid) is...
s.sch004 Schedule 18 to FA 1998 (company tax returns, assessments and...
s.sch004 In paragraph 61(1)(c) (consequential claims etc arising out of certain...
s.sch004 In the heading of Part 8 (claims for group relief)...
s.sch004 After section 45 insert— Carry forward of post-1 April 2017...
s.sch004 For paragraph 66 (introduction to Part 8) substitute— (1) This Part of this Schedule applies to—
s.sch004 In paragraph 67 (claim to be included in company tax...
s.sch004 (1) Paragraph 68 (content of claims) is amended as follows....
s.sch004 (1) Paragraph 69 (claims for more or less than the...
s.sch004 (1) Paragraph 70 (consent to surrender) is amended as follows....
s.sch004 In Paragraph 71 (notice of consent) after sub-paragraph (1) insert—...
s.sch004 (1) Paragraph 72 (notice of consent requiring amendment of return)...
s.sch004 (1) Paragraph 73 (withdrawal or amendment of claim) is amended...
s.sch004 (1) Paragraph 74 (time limit for claims) is amended as...
s.sch004 Chapter 4 of Part 4 of CTA 2010 (property losses)...
s.sch004 (1) Paragraph 75A (assessment on other claimant companies) is amended...
s.sch004 (1) Paragraph 76 (assessment to recover excessive relief) is amended...
s.sch004 (1) Paragraph 77 (joint amended returns) is amended as follows....
s.sch004 CAA 2001 is amended as follows.
s.sch004 (1) Section 212Q (restrictions on capital allowance buying when there...
s.sch004 In section 138 (deferment of balancing charge arising when there...
s.sch004 In Schedule A1 (first-year tax credits) in paragraph 20 (list...
s.sch004 In section 27 of the Energy Act 2004 (tax exemption...
s.sch004 CTA 2009 is amended as follows.
s.sch004 In section 39(3) (losses of mines, quarries and other concerns)—...
s.sch004 (1) Section 62 (relief for losses made in UK property...
s.sch004 (1) Section 364 (group relief claims involving impaired or released...
s.sch004 In section 371 (group relief claims involving impaired or released...
s.sch004 In section 387 (treatment of deficit on basic life assurance...
s.sch004 (1) Section 1048 (treatment of deemed trading loss under section...
s.sch004 In section 1056 (amount of trading loss which is “unrelieved”)—...
s.sch004 In section 1062(2) (restriction on losses carried forward where R&D...
s.sch004 In section 1116 (meaning of “the actual reduction in tax...
s.sch004 In section 1153 (amount of loss which is “unrelieved”)—
s.sch004 In section 1158(2) (restriction on losses carried forward where land...
s.sch004 In section 1201 (film tax credit claimable if company has...
s.sch004 (1) Section 63 (company with investment business ceasing to carry...
s.sch004 In section 1216CH (television tax credit claimable if company has...
s.sch004 In section 1217CH (video game tax credit claimable if company...
s.sch004 In section 1217KA (theatre tax credits: amount of surrenderable loss)...
s.sch004 In section 1217RH (orchestra tax credits: amount of surrenderable loss)...
s.sch004 In section 1223 (carry forward expenses of management and other...
s.sch004 CTA 2010 is amended as follows.
s.sch004 (1) Section 1 (overview of Act) is amended as follows....
s.sch004 (1) Section 17 (interpretation of Chapter 4 of Part 2)...
s.sch004 (1) Section 46 (use of trade-related interest and dividends if...
s.sch004 In section 47 (registered societies), in subsection (1), for “section...
s.sch004 CTA 2010 is amended as follows.
s.sch004 In section 53 (leasing contracts and company reconstructions), in subsection...
s.sch004 In section 54 (non-UK resident company: receipts of interest, dividends...
s.sch004 (1) Section 56 (restriction on reliefs for limited partners) is...
s.sch004 (1) Section 59 (restriction on relief for members of LLPs)...
s.sch004 (1) Section 61 (unrelieved losses of member of LLP brought...
s.sch004 (1) Chapter 4 of Part 4 (property losses) is amended...
s.sch004 (1) Section 95 (write-off of government investment: meaning of “carry...
s.sch004 In section 99 (surrendering of losses and other amounts) in...
s.sch004 In section 104 (meaning of “non-trading loss on intangible fixed...
s.sch004 In section 137 (giving of group relief: deduction from total...
s.sch004 After section 269 insert— PART 7ZA Restrictions on obtaining certain...
s.sch004 In section 189(2) (relief for qualifying charitable donations) at the...
s.sch004 In section 269DA (surcharge on banking companies) in subsection (2)...
s.sch004 After section 269DB insert— Meaning of “non-banking group relief for...
s.sch004 (1) Section 269DC (surcharge on banking companies: meaning of “non-banking...
s.sch004 In section 385 (sales of lessors: no carry back of...
s.sch004 In section 398D (sales of lessors: restrictions on use of...
s.sch004 In section 427 (sales of lessors: no carry back of...
s.sch004 (1) Chapter 5 of Part 9 (sales of lessors: anti-avoidance...
s.sch004 In section 599 (real estate investment trusts: calculation of profits)...
s.sch004 In section 601 (availability of group reliefs to a group...
s.sch004 (1) Section 269C (overview of Chapter 3 of Part 7A:...
s.sch004 In section 705E (shell companies: restriction on relief for non-trading...
s.sch004 In section 705F(2) (shell companies: apportionment of amounts), in column...
s.sch004 In section 730C (disallowance of deductible amounts: relevant claims) in...
s.sch004 (1) Section 888 (restrictions on leasing partnership losses) is amended...
s.sch004 (1) Schedule 4 (index of defined expressions) is amended as...
s.sch004 TIOPA 2010 is amended as follows.
s.sch004 In section 54 (double taxation relief by way of credit:...
s.sch004 In section 55 (double taxation relief by way of credit:...
s.sch004 In section 156(1) (meaning of “losses” in Part 4)—
s.sch004 In section 371IF (determining the profits of a CFC's qualifying...
s.sch004 (1) Section 269CA (restriction on deductions for pre-1 April 2015...
s.sch004 After section 371SK insert— Restrictions on certain deductions: deductions allowances...
s.sch004 In subsection (2)(a) of section 371SL (group relief etc)—
s.sch004 (1) In paragraph 10 of Schedule 9 to F(No.3)A 2010...
s.sch004 FA 2012 is amended as follows.
s.sch004 In section 78 (meaning of expressions used in section 76),...
s.sch004 In section 93 (minimum profits test), in subsection (2), in...
s.sch004 In section 104 (meaning of “the adjusted amount”)—
s.sch004 In section 125 (group relief), at the end insert—
s.sch004 (1) Section 126 (restrictions in respect of non-trading deficit) is...
s.sch004 In section 127 (no relief against policyholders' share of I-E...
s.sch004 (1) Section 269CB (restriction on deductions for pre-1 April 2015...
s.sch004 (1) The amendments made by Parts 1 to 9 and...
s.sch004 (1) This paragraph applies if— (a) an accounting period of...
s.sch004 (1) This paragraph applies if— (a) an accounting period of...
s.sch004 Section 5(4) to (6) of CT(NI)A 2015 (commencement) has effect...
s.sch004 (1) An amount of a non-trading deficit from a company's...
s.sch004 In the heading of Chapter 16 (non-trading deficits) at the...
s.sch004 (1) Section 269CC (restriction on deductions for pre-1 April 2015...
s.sch004 Section 269CD (relevant profits) is omitted.
s.sch004 (1) Section 269CN (definitions for the purposes of Part 7A)...
s.sch004 After section 188 of CTA 2010 insert— PART 5A Group...
s.sch004 Chapter 9 of Part 2 of FA 2012 (relief for...
s.sch004 (1) Section 124 (carry forward of BLAGAB trade losses against...
s.sch004 After section 124 insert— Carry forward of post-1 April 2017...
s.sch004 Chapter 4 of Part 15 of CTA 2009 (losses of...
s.sch004 (1) Section 1209 (restriction on use of losses while film...
s.sch004 (1) Section 1210 (use of losses in later periods) is...
s.sch004 In section 456 (introduction to Chapter 16) in subsection (1)—...
s.sch004 (1) Section 1211 (terminal losses) is amended as follows.
s.sch004 Chapter 4 of Part 15A of CTA 2009 (losses of...
s.sch004 (1) Section 1216DA (restriction on use of losses while programme...
s.sch004 (1) Section 1216DB (use of losses in later periods) is...
s.sch004 (1) Section 1216DC (terminal losses) is amended as follows.
s.sch004 Chapter 4 of Part 15B of CTA 2009 (losses of...
s.sch004 (1) Section 1217DA (restriction on use of losses while video...
s.sch004 (1) Section 1217DB (use of losses in later periods) is...
s.sch004 (1) Section 1217DC (terminal losses) is amended as follows.
s.sch004 Part 15C of CTA 2009 (theatrical productions) is amended as...
s.sch004 After section 463 insert— CHAPTER 16A Non-trading deficits: post 1...
s.sch004 (1) Section 1217MA (restriction on use of losses before completion...
s.sch004 (1) Section 1217MB (use of losses in the completion period)...
s.sch004 (1) Section 1217MC (terminal losses) is amended as follows.
s.sch004 Chapter 4 of Part 15D of CTA 2009 (losses of...
s.sch004 (1) Section 1217SA (restriction on use of losses before completion...
s.sch004 (1) Section 1217SB (use of losses in the completion period)...
s.sch004 (1) Section 1217SC (terminal losses) is amended as follows.
s.sch004 Part 8 of CTA 2010 (oil activities) is amended as...
s.sch004 After section 303 insert— Introduction to sections 303B to 303D:...
s.sch004 (1) Section 304 (losses) is amended as follows.
s.sch004 (1) Section 753 of CTA 2009 (treatment of non-trading loss)...
s.sch004 (1) Section 305 (group relief) is amended as follows.
s.sch004 In section 307 (overview of Chapter 5 of Part 8:...
s.sch004 (1) Section 321 (supplement in respect of a post-commencement period)...
s.sch004 (1) Section 323 (meaning of “ring fence losses”) is amended...
s.sch004 For section 327 substitute— Reductions in respect of relief for...
s.sch004 In section 328A (adjustment of pool to remove pre-2013 losses...
s.sch004 Part 8ZA of CTA 2010 (oil contractors) is amended as...
s.sch004 (1) Section 356NE (losses) is amended as follows.
s.sch004 (1) Section 356NF (group relief) is amended as follows.
s.sch004 After section 356NG insert— Restriction on obtaining certain deductions Restriction...
s.sch004 (1) Section 1223 of CTA 2009 (carrying forward expenses of...
s.sch004 Chapter 1 of Part 22 of CTA 2010 (transfers of...
s.sch004 In section 940A (overview of Chapter) in subsection (4) for...
s.sch004 Before section 944 (but after the italic heading preceding that...
s.sch004 (1) Section 944 (modified application of Chapter 2 of Part...
s.sch004 After section 944 insert— Modified application of section 45A (1) Subsection (2) applies if— (a) this Chapter applies to...
s.sch004 In section 945 (cases in which predecessor retains more liabilities...
s.sch004 (1) Section 951 (part of trade treated as separate trade)...
s.sch004 In section 952 (apportionment if part of trade treated as...
s.sch004 (1) Section 730F of CTA 2010 (meaning of “relevant carried-forward...
s.sch004 Chapter 2 of Part 4 of CTA 2010 (trade losses)...
s.sch004 Part 14 of CTA 2010 (change in company ownership) is...
s.sch004 In section 672 (overview of Part) after subsection (1) insert—...
s.sch004 (1) Section 673 (introduction to Chapter 2: disallowance of trading...
s.sch004 (1) Section 674 (disallowance of trading losses) is amended as...
s.sch004 After section 674 insert— Section 674: exception for certain losses...
s.sch004 After Chapter 2 insert— CHAPTER 2A Post-1 April 2017 losses:...
s.sch004 After Chapter 2A insert— CHAPTER 2B Asset transferred within group:...
s.sch004 After Chapter 2B insert— CHAPTER 2C Disallowance of group relief...
s.sch004 After Chapter 2C insert— CHAPTER 2D Asset transferred within group:...
s.sch004 After Chapter 2D insert— CHAPTER 2E Post-1 April 2017 trade...
s.sch004 In section 36 (introduction to Chapter) for subsection (1) substitute—...
s.sch004 (1) Section 677 (introduction to Chapter 3) is amended as...
s.sch004 (1) Section 681 (restriction on relief for non-trading loss on...
s.sch004 (1) Section 685 (apportionment of amounts) is amended as follows....
s.sch004 (1) In section 690 (meaning of “significant increase in the...
s.sch004 (1) Section 692 (introduction to Chapter 4) is amended as...
s.sch004 In section 696 (restriction of debits to be brought into...
s.sch004 (1) Section 702 (apportionment of amounts) is amended as follows....
s.sch004 (1) Section 704 (company carrying on UK property business) is...
s.sch004 (1) Section 705 (company carrying on overseas property business) is...
s.sch004 In section 719 (meaning of “change of ownership of a...
s.sch004 For the italic heading before section 37 substitute— “ Relief...
s.sch004 In section 721 (when things other than ordinary share capital...
s.sch004 In section 727 (extended time limit for assessment) for “3”...
s.sch004 (1) Section 730C of CTA 2010 is amended as follows....
s.sch004 Part 8B of CTA 2010 (trading profits taxable at the...
s.sch004 In the italic heading before section 357JB for “section 37”...
s.sch004 For sections 357JB to 357JE substitute— Availability of relief (1) The references in section 37 and sections 45A to...
s.sch004 After section 357JH insert— Loss relief in relation to Northern...
s.sch004 In section 357JJ (restricted deduction: Northern Ireland rate lower than...
s.sch004 In section 357RF (losses of film trade: restriction on use...
s.sch004 In section 357RG (losses of film trade: use of losses...
s.sch005 In TIOPA 2010, after Part 9A insert— PART 10 Corporate...
s.sch005 (1) In consequence of the insertion of a new Part...
s.sch005 (1) Part 7 of TIOPA 2010 (tax treatment of financing...
s.sch005 TIOPA 2010 is amended as follows.
s.sch005 In section 1 (overview of Act), in subsection (1)—
s.sch005 In section 155 (transfer pricing: “potential advantage” in relation to...
s.sch005 In section 157 (direct participation), in subsection (1)—
s.sch005 In section 159 (indirect participation: potential direct participant), in subsection...
s.sch005 In section 160 (indirect participation: one of several major participants),...
s.sch005 In section 259CB (financial instruments: hybrid or otherwise impermissible deduction/non-inclusion...
s.sch005 In section 259DC (hybrid transfer deduction/non-inclusion mismatches and their extent),...
s.sch005 In TIOPA 2010, after Schedule 7 insert— SCHEDULE 7A Interest...
s.sch005 After section 259NE (treatment of a person who is a...
s.sch005 (1) Chapter 3 of Part 9A (CFCs: the CFC charge...
s.sch005 (1) Chapter 9 of Part 9A (CFCs: exemption for profits...
s.sch005 (1) Chapter 19 of Part 9A (CFCs: assumed taxable total...
s.sch005 In Schedule 11, at the end insert— PART 7 Corporate...
s.sch005 (1) The corporate interest restriction amendments have effect in relation...
s.sch005 (1) The repeals and revocations made by paragraph 11 of...
s.sch005 (1) In section 484 of TIOPA 2010, subsection (5) (which...
s.sch005 (1) Paragraph 1(4)(a) of Schedule 7A to TIOPA 2010 (notice...
s.sch005 (1) For the purposes of Part 10 of TIOPA 2010...
s.sch005 (1) In section 98 of TMA 1970 (special returns, etc),...
s.sch005 (1) For the purposes of Part 10 of TIOPA 2010...
s.sch005 (1) A company which is a UK group company of...
s.sch005 (1) In the case of an accounting period of a...
s.sch005 (1) This paragraph applies in the case of an accounting...
s.sch005 (1) This paragraph applies in relation to section 461 of...
s.sch005 (1) This paragraph applies in relation to any order or...
s.sch005 References in this Part of this Schedule to Part 10...
s.sch005 In paragraph 88 of Schedule 18 to FA 1998 (conclusiveness...
s.sch005 In section A1 of CTA 2009 (overview of the Corporation...
s.sch005 CTA 2010 is amended as follows.
s.sch005 After section 937N (risk transfer schemes) insert— Priority For the purposes of this Part, the provisions of Part...
s.sch005 In section 938N (group mismatch schemes: priority), for paragraph (e)...
s.sch005 In section 938V (tax mismatch schemes: priority), for paragraph (d)...
s.sch006 After Part 15D of CTA 2009 insert— PART 15E Museums...
s.sch006 In section 104BA (restriction on claiming other tax reliefs), after...
s.sch006 In Part 8 (intangible fixed assets), in Chapter 10 (excluded...
s.sch006 In section 1040ZA (restriction on claiming other tax reliefs), after...
s.sch006 In section 1310 (orders and regulations), in subsection (4), after...
s.sch006 In Schedule 4 (index of defined expressions), insert at the...
s.sch006 In Schedule 54A to FA 2009 (which is prospectively inserted...
s.sch006 In Part 8B of CTA 2010 (trading profits taxable at...
s.sch006 In Part 8B of CTA 2010, after section 357UQ insert—...
s.sch006 (1) Schedule 4 to CTA 2010 (index of defined expressions)...
s.sch006 In Schedule 24 to FA 2016 (tax advantages constituting the...
s.sch006 (1) Section 826 of ICTA (interest on tax overpaid) is...
s.sch006 Any power to make regulations conferred on the Treasury by...
s.sch006 (1) The amendments made by the following provisions of this...
s.sch006 (1) Section 4 of CT(NI)A 2015 (power to make consequential...
s.sch006 Schedule 18 to FA 1998 (company tax returns, assessments and...
s.sch006 In paragraph 10 (other claims and elections to be included...
s.sch006 (1) Paragraph 52 (recovery of excessive repayments etc) is amended...
s.sch006 In Part 9D (certain claims for tax relief)—
s.sch006 In Schedule A1 to CAA 2001 (first-year tax credits), in...
s.sch006 In Schedule 24 to FA 2007 (penalties for errors), in...
s.sch006 CTA 2009 is amended in accordance with paragraphs 10 to...
s.sch007 Trading profits taxable at the Northern Ireland rate (opens in a new tab)
s.sch007 CTA 2010 is amended as follows.
s.sch007 (1) Section 357OB (Northern Ireland intangibles credits and debits: SMEs)...
s.sch007 (1) Section 357OC (Northern Ireland intangibles credits and debits: large...
s.sch007 (1) Section 357VB (relevant Northern Ireland IP profits: SMEs) is...
s.sch007 (1) Section 357VC (relevant Northern Ireland IP profits: large companies)...
s.sch007 (1) Section 357WA (meaning of “Northern Ireland firm”) is amended...
s.sch007 After section 357WB, insert— Northern Ireland workforce partnership conditions (1) The Northern Ireland workforce partnership conditions, in relation to...
s.sch007 In section 357WC (Northern Ireland profits etc of firm determined...
s.sch007 (1) Section 357WD (Northern Ireland profits etc of firm determined...
s.sch007 In section 357WE (sections 357WC and 357WD: interpretation), omit subsection...
s.sch007 (1) Section 357WF (application of section 747 of CTA 2009...
s.sch007 (1) Section 357H (introduction) is amended as follows.
s.sch007 (1) Section 357WG (application of Part 8A to Northern Ireland...
s.sch007 In Schedule 4 (index of defined expressions)—
s.sch007 CAA 2001 is amended in accordance with paragraphs 23 and...
s.sch007 (1) Section 6A (“NIRE company” and “Northern Ireland SME company”)...
s.sch007 In the following provisions, for “a Northern Ireland SME company”...
s.sch007 In CT(NI)A 2015, in Schedule 1, in Part 6 (capital...
s.sch007 In section 357IA of CTA 2010 (power of Northern Ireland...
s.sch007 In section 357QB(5)(b) of that Act (tax credit: entitlement), for...
s.sch007 (1) Paragraph 2 of Schedule A1 to CAA 2001 (amount...
s.sch007 In consequence of paragraph 28, in the Corporation Tax (Northern...
s.sch007 (1) Section 357KA (meaning of “Northern Ireland company”) is amended...
s.sch007 (1) Any power to make regulations under Part 8B of...
s.sch007 (1) Section 357KE (Northern Ireland workforce conditions) is amended as...
s.sch007 After section 357KE insert— Meaning of “disqualified close company” “Disqualified...
s.sch007 In the heading of Chapter 6 of Part 8B, at...
s.sch007 In section 357M (Chapter 6: introductory), in subsection (1), for...
s.sch007 In the heading of Chapter 7 of Part 8B, after...
s.sch007 In section 357N (Chapter 7: introductory), in subsection (1), after...
s.sch008 Deemed domicile: income tax and capital gains tax (opens in a new tab)
s.sch008 (1) In section 266A of ICTA (life assurance premiums paid...
s.sch008 (1) ITEPA 2003 is amended as follows.
s.sch008 ITA 2007 is amended as follows.
s.sch008 (1) In section 476 (how to work out whether settlor...
s.sch008 (1) In section 718 (meaning of “person abroad” etc), after...
s.sch008 (1) Chapter A1 of Part 14 (remittance basis) is amended...
s.sch008 (1) This paragraph applies in a case where—
s.sch008 (1) This paragraph applies in a case where section 10A...
s.sch008 (1) In section 834 (residence of personal representatives), at the...
s.sch008 In Schedule 5 to TCGA 1992 (provisions supplementing section 86...
s.sch008 In paragraph 8 of Schedule 15 to FA 2004 (income...
s.sch008 TCGA 1992 is amended as follows.
s.sch008 Chapter 5 of Part 5 of ITTOIA 2005 (settlements) is...
s.sch008 In section 624 (income under a settlement where settlor retains...
s.sch008 After section 628 insert— Exception for protected foreign-source income (1) The rule in section 624(1) does not apply to...
s.sch008 (1) In section 629(5) (list of exceptions), at the end...
s.sch008 (1) Section 635 (capital sums treated under section 633 as...
s.sch008 In section 636(1) (meaning in section 635 of “undistributed”), before...
s.sch008 In section 645(1) (meaning of property originating from the settlor),...
s.sch008 Chapter 2 of Part 13 of ITA 2007 (transfer of...
s.sch008 In section 721 (income of a person abroad that is...
s.sch008 After section 721 insert— Meaning of “protected foreign-source income” in...
s.sch008 (1) Section 16ZA (losses: non-UK domiciled individuals) is amended as...
s.sch008 In section 726 (individuals to whom remittance basis applies), after...
s.sch008 In section 728 (income of a person abroad that is...
s.sch008 After section 729 insert— Meaning of “protected foreign-source income” in...
s.sch008 In section 730 (individuals to whom remittance basis applies), after...
s.sch008 (1) Section 731 (charge to tax on income treated as...
s.sch008 (1) Section 732 (when income is treated as arising for...
s.sch008 After section 733 insert— Settlor liable for section 731 charge...
s.sch008 In section 735A(6) (matching of income on which individual charged...
s.sch008 After section 735A insert— Settlor liable under section 733A and...
s.sch008 The amendments made by paragraphs 19 to 38 have effect...
s.sch008 (1) In section 16ZB (election under section 16ZA: foreign chargeable...
s.sch008 In Part 2 of Schedule 7 to FA 2008 (remittance...
s.sch008 (1) This paragraph applies to the disposal of an asset...
s.sch008 (1) This paragraph applies for the purposes of paragraph 41(1)(c)...
s.sch008 (1) An individual may make an election for paragraph 41...
s.sch008 (1) This paragraph applies for the purposes of the application...
s.sch008 (1) This paragraph applies to a transfer made by a...
s.sch008 (1) This paragraph applies to determine, for the purposes of...
s.sch008 (1) In section 16ZC (election under section 16ZA by individual...
s.sch008 (1) In section 69 (trustees of settlements), after subsection (2E)...
s.sch008 (1) In section 86 (attribution of gains to settlors with...
s.sch008 (1) In section 275 (location of assets), after subsection (3)...
s.sch008 (1) In Schedule 5A (settlements with foreign element: information), in...
s.sch009 Settlements and transfer of assets abroad: value of benefits (opens in a new tab)
s.sch009 (1) In section 97(4) of TCGA 1992 (supplementary provisions in...
s.sch009 After section 742A of ITA 2007 insert— Value of certain...
s.sch009 The amendments made by this Schedule have effect in relation...
s.sch010 Inheritance tax on overseas property representing UK residential property (opens in a new tab)
s.sch010 In IHTA 1984, before Schedule 1 insert— SCHEDULE A1 Non-excluded...
s.sch010 (1) Sub-paragraphs (2) and (3) apply if an amount of...
s.sch010 (1) Sub-paragraph (2) applies if— (a) a person is liable...
s.sch010 IHTA 1984 is amended as follows.
s.sch010 In section 6 (excluded property), at the end insert—
s.sch010 In section 48 (excluded property)— (a) in subsections (3) and...
s.sch010 In section 65 (charge at other times), after subsection (7B)...
s.sch010 In section 157 (non-residents' bank accounts), after subsection (3) insert—...
s.sch010 In section 237 (imposition of charge), after subsection (2) insert—...
s.sch010 In section 272 (general interpretation), in the definition of “excluded...
s.sch010 (1) The amendments made by this Schedule have effect in...
s.sch011 (1) A person (“P”) is treated as taking a relevant...
s.sch011 (1) Where this paragraph applies in relation to a loan—...
s.sch011 (1) An amount of a quasi-loan is outstanding for the...
s.sch011 (1) A payment or transfer is to be disregarded for...
s.sch011 (1) This paragraph applies where— (a) a person (“P”) has...
s.sch011 (1) Paragraphs 15 to 18 apply where P makes a...
s.sch011 (1) This paragraph applies in relation to the quasi-loan if...
s.sch011 (1) This paragraph applies in relation to the quasi-loan if—...
s.sch011 (1) Paragraph 18 applies in relation to the quasi-loan if—...
s.sch011 (1) Where this paragraph applies in relation to the quasi-loan—...
s.sch011 (1) A loan is an “approved fixed term loan” on...
s.sch011 (1) This paragraph applies where— (a) a person (“P”) is...
s.sch011 (1) This paragraph applies where— (a) a person is treated...
s.sch011 (1) In this Part of this Schedule “loan” includes—
s.sch011 (1) The liable person in relation to a qualifying loan...
s.sch011 (1) The qualifying payments condition is met in relation to...
s.sch011 (1) The commercial terms condition is met in relation to...
s.sch011 (1) Paragraph 24(1) applies where— (a) a person (“P”) would...
s.sch011 Chapter 2 of Part 7A of ITEPA 2003 does not...
s.sch011 In section 554F of ITEPA 2003 (exclusions: commercial transactions), at...
s.sch011 (1) Chapter 2 of Part 7A of ITEPA 2003 does...
s.sch011 In section 554OA of ITEPA 2003 (exclusions: transfer of employment-related...
s.sch011 (1) Chapter 2 of Part 7A of ITEPA 2003 does...
s.sch011 (1) An amount of a loan is “outstanding” for the...
s.sch011 In section 554G of ITEPA 2003 (exclusions: transactions under employee...
s.sch011 Chapter 2 of Part 7A of ITEPA 2003 does not...
s.sch011 In section 554N of ITEPA 2003 (exclusions: other cases involving...
s.sch011 (1) This paragraph applies if— (a) there is an arrangement...
s.sch011 In section 554O of ITEPA 2003 (exclusions: employee car ownership...
s.sch011 (1) Chapter 2 of Part 7A of ITEPA 2003 does...
s.sch011 (1) In this paragraph “the appropriate third party” means P,...
s.sch011 “Loan charge information”
s.sch011 Power to amend paragraph
s.sch011 Reasonable excuse
s.sch011 Appeals
s.sch011 Enforcement
s.sch011 Chapter 2 of Part 7A of ITEPA 2003 does not...
s.sch011 (1) Sub-paragraphs (2) to (8) apply if—
s.sch011 (1) Sub-paragraph (2) applies where— (a) P is treated as...
s.sch011 In section 554Z2 of ITEPA 2003, at the end insert—...
s.sch011 Part 7A of ITEPA 2003 is amended as follows.
s.sch011 (1) A payment is to be disregarded for the purposes...
s.sch011 (1) Section 554Z9 (remittance basis: A does not meet section...
s.sch011 (1) Section 554Z10 (remittance basis: A meets section 26A requirement)...
s.sch011 (1) Section 554Z11 (remittance basis: supplementary) is amended in accordance...
s.sch011 (1) Section 554Z11A (temporary non-residents) is amended in accordance with...
s.sch011 (1) In this Schedule, “tax avoidance arrangement” has the same...
s.sch011 See section 554A(1)(a) and 554AA(1)(a) of ITEPA 2003 for the...
s.sch011 (1) ITEPA 2003 is amended in accordance with this paragraph....
s.sch011 In paragraph 59 of Schedule 2 to FA 2011 (transitional...
s.sch011 (1) This paragraph applies where— (a) a person (“P”) has...
s.sch011 (1) In paragraphs 7 to 10 “the loan currency”, in...
s.sch011 (1) This paragraph applies in relation to a loan where...
s.sch011 (1) This paragraph applies in relation to a loan where—...
s.sch011 (1) Paragraph 10 applies in relation to a loan where—...
s.sch012 (1) A loan or quasi-loan in relation to which sub-paragraph...
s.sch012 (1) Paragraphs 11 to 14 apply where P makes a...
s.sch012 (1) This paragraph applies in relation to the quasi-loan if...
s.sch012 (1) This paragraph applies in relation to the quasi-loan if—...
s.sch012 (1) Paragraph 14 applies in relation to the quasi-loan if—...
s.sch012 (1) Where this paragraph applies in relation to the quasi-loan—...
s.sch012 (1) A loan is an “approved fixed term loan” on...
s.sch012 (1) A person may make an application to the Commissioners...
s.sch012 (1) The qualifying payments condition is met in relation to...
s.sch012 (1) The commercial terms condition is met in relation to...
s.sch012 (1) Paragraph 20(1) applies where— (a) section 23E of ITTOIA...
s.sch012 (1) This paragraph applies where— (a) a loan or quasi-loan...
s.sch012 (1) In this Schedule “loan” includes— (a) any form of...
s.sch012 (1) Paragraph 22 applies if one of the following conditions...
s.sch012 (1) For the purposes of paragraph 22 , the “loan...
s.sch012 The Commissioners for Her Majesty’s Revenue and Customs may by...
s.sch012 (1) A person who fails to comply with paragraph 22...
s.sch012 (1) This paragraph applies if— (a) in complying with the...
s.sch012 (1) Liability to a penalty under paragraph 25 does not...
s.sch012 (1) A person may appeal against any of the following...
s.sch012 (1) An amount of a loan is “outstanding” for the...
s.sch012 (1) A penalty under paragraph 25 or 26 must be...
s.sch012 (1) In paragraphs 5 to 8 “the loan currency”, in...
s.sch012 (1) This paragraph applies in relation to a loan where...
s.sch012 (1) This paragraph applies in relation to a loan where—...
s.sch012 (1) Paragraph 8 applies in relation to a loan where—...
s.sch012 (1) Where this paragraph applies in relation to a loan—...
s.sch012 (1) An amount of a quasi-loan is outstanding for the...
s.sch013 Imported goods fulfilment businesses: penalty (opens in a new tab)
s.sch013 (1) A penalty is payable by a person (“P”) who—...
s.sch013 (1) In this Schedule “the maximum amount” means £10,000.
s.sch013 In this Schedule “appeal tribunal” has the same meaning as...
s.sch013 (1) If the contravention is deliberate and concealed, the amount...
s.sch013 (1) Paragraph 4 provides for reductions in penalties under this...
s.sch013 (1) Where P discloses a contravention, the Commissioners must reduce...
s.sch013 (1) If the Commissioners think it right because of special...
s.sch013 (1) Where P becomes liable for a penalty under this...
s.sch013 (1) Liability to a penalty does not arise under this...
s.sch013 (1) Where a penalty under this Schedule is payable by...
s.sch013 P is not liable to a penalty under this Schedule...
s.sch014 TMA 1970 is amended as follows.
s.sch014 In section 12AB(1) (partnership return to include partnership statement) in...
s.sch014 In section 12AB (1C) (further information to be included in...
s.sch014 In section 12ABZA (partnership returns: overseas partners in investment partnerships...
s.sch014 (1) Section 12ABZAA (returns relating to LLP not carrying on...
s.sch014 In section 12ABZB (partnership return conclusive as to partnership shares)—...
s.sch014 (1) Section 12ABA (amendment of partnership return by taxpayer) is...
s.sch014 (1) Section 12ABB (HMRC power to correct partnership return) is...
s.sch014 (1) Section 12AC (notice of enquiry into partnership return) is...
s.sch014 (1) Section 12B (records to be kept for purposes of...
s.sch014 In section 28ZA(6) (referral of questions during enquiry)—
s.sch014 In section 28B(8) (completion of enquiry into partnership return) for...
s.sch014 In section 28C(3) (determination of tax where no return delivered)...
s.sch014 In section 28H(2)(b) (simple assessments)— (a) for the words “to...
s.sch014 In section 28I(2)(b) (simple assessments for trustees)—
s.sch014 (1) Section 7 (notice of liability) is amended as follows....
s.sch014 (1) Section 29 (assessment where loss of tax discovered) is...
s.sch014 In section 30B(10) (amendment of partnership statement where loss of...
s.sch014 (1) Section 42 (procedure for making claims) is amended as...
s.sch014 (1) Section 59A (payments on account of income tax) is...
s.sch014 (1) Section 59B (payment of income tax and capital gains...
s.sch014 (1) Section 106C (offence of failing to deliver a return)...
s.sch014 In section 106D(1) (offence of making inaccurate return)—
s.sch014 In section 106E (exclusions from offences under sections 106B to...
s.sch014 In section 107A(2)(a) (trustee liability for penalties) after “section 12B...
s.sch014 In section 118(1) (interpretation)— (a) after the definition of “CTA...
s.sch014 (1) Section 8 (personal return) is amended as follows.
s.sch014 (1) Paragraph 3 of Schedule 1AB (recovery of overpaid tax)...
s.sch014 In section 188J(2) of TCGA 1992 (the representative company of...
s.sch014 In paragraph 12(2) of Schedule 18 to FA 1998 (information...
s.sch014 In section 201(6) of CAA 2001 (elections) after “section 12AA...
s.sch014 In section 19(4)(a) of the Tax Credits Act 2002 (power...
s.sch014 In section 217(2) of ITTOIA 2005 (conditions for basis period...
s.sch014 In section 964(4)(b) (collection through self-assessment return) for “section 9...
s.sch014 In paragraph 44(1)(a) of Schedule 13 to the Crossrail Act...
s.sch014 (1) Schedule 36 to FA 2008 (information and inspection powers)...
s.sch014 TIOPA 2010 is amended as follows.
s.sch014 (1) Section 8A (trustee's return) is amended as follows.
s.sch014 In section 94(3) (information made available) in each of paragraphs...
s.sch014 In section 95(8)(a) (interpretation of “tax return”) after “12AA of”...
s.sch014 In section 171(5) (tax returns where transfer pricing notice given),...
s.sch014 FA 2014 is amended as follows.
s.sch014 In section 227 (7A)(b) (withdrawal etc of accelerated payment notice),...
s.sch014 In section 253(6)(c) (definition of “tax return”) after “section 12AA...
s.sch014 (1) Schedule 31 (follower notices and partnerships) is amended as...
s.sch014 (1) Schedule 32 (accelerated payments and partnerships) is amended as...
s.sch014 FA 2016 is amended as follows.
s.sch014 (1) Schedule 18 (serial tax avoidance) is amended as follows....
s.sch014 (1) Schedule 19 (large businesses: tax strategies and sanctions) is...
s.sch014 In section 8B (withdrawal of notice under section 8 or...
s.sch014 (1) Schedule 17 to FA 2022 (large businesses: notification of...
s.sch014 (1) Section 9 (returns to include self-assessment) is amended as...
s.sch014 (1) Section 12ZH (NRCGT returns and self-assessment: section 8) is...
s.sch014 (1) Section 12ZI (NRCGT returns and self-assessment: section 8A) is...
s.sch014 In section 12AA(10A) (definitions) for “ “partnership return”” substitute “...
s.sch015 TMA 1970 is amended as follows.
s.sch015 (1) Section 28ZA (referral of questions during enquiry) is amended...
s.sch015 In section 28ZD (effect of referral on enquiry), in subsection...
s.sch015 (1) Section 28A (completion of enquiry into personal, trustee or...
s.sch015 (1) Section 28B (completion of enquiry into partnership return) is...
s.sch015 In section 29 (assessment where loss of tax discovered), in...
s.sch015 In section 29A (NRCGT disposals: determination of amount which should...
s.sch015 In section 30 (recovery of overpayment of tax etc), in...
s.sch015 In section 30B (amendment of partnership statement where loss of...
s.sch015 In section 31 (appeals: right of appeal), in subsection (2)—...
s.sch015 In section 59AA (NRCGT disposals: payments on account of CGT),...
s.sch015 In section 9A (notice of enquiry), in subsection (5)—
s.sch015 In section 59B (payment of income tax and capital gains...
s.sch015 (1) In Schedule 3ZA (date by which payment to be...
s.sch015 (1) Section 184I of TCGA 1992 (notices under sections 184G...
s.sch015 Schedule 18 to FA 1998 (company tax returns, assessments and...
s.sch015 (1) Paragraph 30 (amendment of self-assessment during enquiry to prevent...
s.sch015 (1) Paragraph 31 (amendment of return by company during enquiry)...
s.sch015 (1) Paragraph 31A (referral of questions to the tribunal during...
s.sch015 In paragraph 31C (effect of referral on enquiry), in sub-paragraph...
s.sch015 (1) Paragraph 32 (completion of enquiry) is amended as follows....
s.sch015 In paragraph 33 (direction to complete enquiry), in sub-paragraphs (1)...
s.sch015 (1) Section 9B (amendment of return by taxpayer during enquiry)...
s.sch015 (1) Paragraph 34 (amendment of return after enquiry) is amended...
s.sch015 In paragraph 42 (restriction on power to make discovery assessment...
s.sch015 In paragraph 44 (situation not disclosed by return or related...
s.sch015 In paragraph 61 (consequential claims etc), in sub-paragraphs (1)(a) and...
s.sch015 (1) Paragraph 88 (conclusiveness) is amended as follows.
s.sch015 (1) Section 20 of the Tax Credits Act 2002 (decisions...
s.sch015 In Schedule 36 to FA 2008 (information and inspection powers),...
s.sch015 TIOPA 2010 is amended as follows.
s.sch015 (1) Section 92 (counteraction notices given after tax return made)...
s.sch015 (1) Section 93 (amendment, closure notices and discovery assessments in...
s.sch015 (1) Section 9C (amendment of self-assessment during enquiry to prevent...
s.sch015 In section 171 (tax returns where transfer pricing notice given),...
s.sch015 (1) Section 256 (notices given after tax return made), so...
s.sch015 (1) Section 257 (amendments, closure notices etc), so far as...
s.sch015 In section 371IJ (claims), in subsection (4)(b), after “completed” insert...
s.sch015 The amendments made by this Schedule have effect in relation...
s.sch015 In section 12ZM (NRCGT returns: notice of enquiry), in subsection...
s.sch015 (1) Section 12ZN (NRCGT returns: amendment of return by taxpayer...
s.sch015 In section 12AC (partnership return: notice of enquiry), in subsection...
s.sch015 (1) Section 12AD (amendment of partnership return by taxpayer during...
s.sch015 In section 12B (records), in subsection (1)(b)(i), for “28A(1) or...
s.sch016 Penalties for enablers of defeated tax avoidance (opens in a new tab)
s.sch016 Where— (a) a person (“T”) has entered into abusive tax...
s.sch016 For the purposes of paragraph 7 a person “marketed” the...
s.sch016 For the purposes of paragraph 7 a person is “an...
s.sch016 (1) For the purposes of paragraph 7 a person is...
s.sch016 (1) A person who— (a) would (in the absence of...
s.sch016 (1) The Treasury may by regulations add to the categories...
s.sch016 (1) For each person who enabled the arrangements mentioned in...
s.sch016 (1) This paragraph applies for the purposes of paragraph 15....
s.sch016 (1) The amount of a penalty for which a person...
s.sch016 (1) HMRC may in their discretion reduce a penalty under...
s.sch016 (1) Where a person is liable for a penalty under...
s.sch016 (1) Parts 2 to 4 of this Schedule define— “abusive...
s.sch016 (1) A penalty under paragraph 1 must be paid before...
s.sch016 (1) This paragraph applies where— (a) a proposal for arrangements...
s.sch016 (1) An assessment of a person as liable to a...
s.sch016 (1) A penalty under paragraph 1 may not be assessed...
s.sch016 (1) In this Schedule a “GAAR final decision notice” means...
s.sch016 (1) This paragraph applies where a designated HMRC officer is...
s.sch016 (1) A designated HMRC officer may make a referral under...
s.sch016 (1) In this Part of this Schedule “the referral statement”,...
s.sch016 Where a designated HMRC officer decides whether to make a...
s.sch016 (1) Arrangements are “tax arrangements” for the purposes of this...
s.sch016 (1) Where a referral is made under paragraph 26, a...
s.sch016 (1) A person who has received a notice under paragraph...
s.sch016 (1) Where a referral is made to the GAAR Advisory...
s.sch016 (1) The sub-panel must produce— (a) one opinion notice stating...
s.sch016 (1) This paragraph applies where— (a) an opinion of the...
s.sch016 A person may appeal against— (a) a decision of HMRC...
s.sch016 (1) An appeal under paragraph 37 is to be treated...
s.sch016 (1) On an appeal under paragraph 37(a) that is notified...
s.sch016 T (within the meaning of paragraph 1) incurs a “defeat”...
s.sch016 (1) Schedule 36 to FA 2008 (information and inspection powers)...
s.sch016 In its application for a purpose mentioned in paragraph 40(1)...
s.sch016 (1) The Schedule as it applies for a purpose mentioned...
s.sch016 Paragraphs 50 and 51 are excluded from the application of...
s.sch016 (1) Subject to sub-paragraph (5), a declaration under this paragraph...
s.sch016 (1) The Commissioners may publish information about a person where—...
s.sch016 (1) A penalty is a “reckonable penalty” for the purposes...
s.sch016 (1) In determining at any time whether or what information...
s.sch016 (1) Publication of information under paragraph 46 on the basis...
s.sch016 (1) Condition A is that— (a) T, or a person...
s.sch016 Before publishing information under paragraph 46 the Commissioners must—
s.sch016 The Treasury may by regulations amend this Part of this...
s.sch016 A person is not liable to a penalty under paragraph...
s.sch016 Subject to the provisions of this Schedule, the following provisions...
s.sch016 (1) In this Schedule “tax” includes any of the following...
s.sch016 In this Schedule “tax advantage” includes— (a) relief or increased...
s.sch016 (1) In this Schedule— “abusive tax arrangements” has the meaning...
s.sch016 (1) Any regulations under this Schedule must be made by...
s.sch016 In section 103ZA of TMA 1970 (disapplication of sections 100...
s.sch016 In section 54 of ITTOIA 2005 (no deduction allowed for...
s.sch016 (1) Condition B is that (in a case not falling...
s.sch016 In section 1303 of CTA 2009 (no deduction allowed for...
s.sch016 In Schedule 34 to FA 2014 (promoters of tax avoidance...
s.sch016 (1) Subject to sub-paragraphs (2) and (3), paragraphs 1 to...
s.sch016 (1) A person is a person who “enabled” the arrangements...
s.sch016 (1) For the purposes of paragraph 7 a person is...
s.sch016 (1) For the purposes of paragraph 7 a person is...
s.sch017 Disclosure of tax avoidance schemes: VAT and other indirect taxes (opens in a new tab)
s.sch017 The definitions in paragraphs 2, 3, and 7 to 10...
s.sch017 (1) A person makes a firm approach to another person...
s.sch017 (1) A person who is a promoter in relation to...
s.sch017 (1) A person who is a promoter in relation to...
s.sch017 (1) This paragraph applies where a person complies with paragraph...
s.sch017 (1) This paragraph applies where a person complies with paragraph...
s.sch017 Where a person is a promoter in relation to two...
s.sch017 (1) This paragraph applies where— (a) a promoter (P) has...
s.sch017 (1) This paragraph applies where a person enters into any...
s.sch017 (1) This paragraph applies to any person who enters into...
s.sch017 (1) “Indirect tax” means any of the following— VAT insurance...
s.sch017 (1) This paragraph applies where— (a) information has been provided...
s.sch017 (1) This paragraph applies where— (a) HMRC have become aware...
s.sch017 (1) This paragraph applies in— (a) a sub-paragraph (2) case,...
s.sch017 (1) This paragraph applies where HMRC have allocated a reference...
s.sch017 (1) This paragraph applies where a person who is a...
s.sch017 (1) This paragraph applies where a person is providing (or...
s.sch017 (1) “Notifiable arrangements” means any arrangements not excluded by sub-paragraph...
s.sch017 (1) Nothing in this Part of this Schedule requires any...
s.sch017 (1) This paragraph applies where a person is required to...
s.sch017 (1) HMRC may specify the form and manner in which...
s.sch017 (1) HMRC may publish information about— (a) any arrangements, or...
s.sch017 (1) This paragraph applies if— (a) information about ... arrangements,...
s.sch017 The Commissioners may by regulations amend this Part of this...
s.sch017 (1) A person who fails to comply with any of...
s.sch017 (1) HMRC may apply to the tribunal for an order...
s.sch017 (1) In the case of a failure to comply with...
s.sch017 (1) This paragraph applies where a failure to comply with...
s.sch017 (1) The Treasury may by regulations vary—
s.sch017 Where it appears to an officer of Revenue and Customs...
s.sch017 (1) A person who fails to comply with—
s.sch017 (1) An authorised officer may commence proceedings before the First-tier...
s.sch017 (1) Where a person is liable to a penalty under...
s.sch017 (1) Where a person (P) is served with notice of...
s.sch017 (1) Liability to a penalty under this Part of this...
s.sch017 (1) The making of an order under paragraph 4 or...
s.sch017 (1) HMRC may apply to the tribunal for an order...
s.sch017 (1) Where a person fails to comply with—
s.sch017 In section 77(4A) of VATA 1994 (cases in which the...
s.sch017 Part 5 of FA 2014 (promoters of tax avoidance schemes)...
s.sch017 (1) Section 281A (VAT: meaning of “tax advantage”) is amended...
s.sch017 (1) Schedule 34A (defeated arrangements) is amended as follows.
s.sch017 (1) Schedule 18 to FA 2016 (serial tax avoidance) is...
s.sch017 (1) Any power of the Treasury or the Commissioners to...
s.sch017 In this Schedule— “arrangements” includes any scheme, transaction or series...
s.sch017 (1) A person (P) obtains a tax advantage in relation...
s.sch017 “Tax advantage”, in relation to an indirect tax other than...
s.sch017 (1) This paragraph describes when a person (P) is a...
s.sch017 (1) A person is an introducer in relation to a...
s.sch017 (1) This Schedule makes provision about the disclosure of information...
s.sch018 A penalty is payable by a person who—
s.sch018 (1) This paragraph applies where— (a) any tax non-compliance by...
s.sch018 (1) This paragraph applies to any tax non-compliance by a...
s.sch018 (1) References to “tax” are (unless in the context the...
s.sch018 (1) This paragraph sets out how offshore tax non-compliance may...
s.sch018 (1) The penalty payable under paragraph 1 is 200% of...
s.sch018 (1) In this Schedule “offshore PLR”, in relation to any...
s.sch018 (1) This paragraph provides for a reduction in a penalty...
s.sch018 (1) If they think it right because of special circumstances,...
s.sch018 (1) Where a person is found liable for a penalty...
s.sch018 (1) An assessment of a penalty under paragraph 1 in...
s.sch018 Paragraphs 3 to 13 have effect for the purposes of...
s.sch018 A person may appeal against— (a) a decision of HMRC...
s.sch018 (1) An appeal under paragraph 20 is to be treated...
s.sch018 (1) On an appeal under paragraph 20(a) that is notified...
s.sch018 (1) Liability to a penalty under paragraph 1 does not...
s.sch018 Subject to the provisions of this Part of this Schedule,...
s.sch018 (1) This paragraph applies where— (a) at the end of...
s.sch018 (1) Schedule 21 to FA 2015 (penalties in connection with...
s.sch018 (1) Schedule 22 to FA 2016 (asset-based penalty for offshore...
s.sch018 (1) TMA 1970 is amended as follows.
s.sch018 (1) At the end of the 2016-17 tax year a...
s.sch018 (1) The Commissioners for Her Majesty's Revenue and Customs (“the...
s.sch018 (1) The Treasury may by regulations amend paragraph 30(2) to...
s.sch018 (1) In this Schedule (apart from the amendments made by...
s.sch018 Condition A is that the original offshore tax non-compliance has...
s.sch018 Condition B is that— (a) the original offshore tax non-compliance...
s.sch018 (1) Condition C is that on the relevant date it...
s.sch018 (1) “Offshore tax non-compliance” means tax non-compliance which involves an...
s.sch018 (1) “Tax non-compliance” means any of the following—
s.sch018 (1) This paragraph applies to any tax non-compliance consisting of...

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