(1) This paragraph applies where— (a) the resident party has...
Other duties (1) — Crown / regulator
- HMRC must adjust tax to avoid double payment on claim Crown / Minister / Government department
UK Act of Parliament
2019
United Kingdom
Finance Act 2019
At a glance
What's here
6 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Director or Officer 1
- Trader 1
- Any Person 1
Plus 3 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Other 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.
Directors and Officers also bound by 425 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 161 duties
- Companies Act 2006 2006 108 duties
- Insolvency Act 1986 1986 72 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
- The Housing Administration (England and Wales) Rules 2018 2018 26 duties
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
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
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.
Schedules
For section 45G of CTA 2010 substitute— Section 45F: accounting...
- Limit deductions under section 45F when ceasing a trade Trader
The total TTH amount must not exceed the lower of—...
- Limit total TTH amount to the lower of decommissioning cost estimate and seller's ring fence profits Any Person
(1) The purchaser's senior tracking officer must—
- Ensure correct profit tracking and provide compliance certificate to HMRC Director or Officer
(1) Where a senior tracking officer, or the purchaser, becomes...
Other duties (1) — Crown / regulator
- HMRC must notify you if they assess a penalty under paragraph 68 Statutory regulator
(1) This paragraph applies if an officer of Revenue and...
Other duties (1) — Crown / regulator
- HMRC may correct incorrect TTH elections within 12 months of discovering the error Crown / Minister / Government department
Browse 522 other Schedules — structural / supplementary
TCGA 1992 is amended as follows.
Omit Schedule B1 (disposals of UK residential property interests).
In section 641 (accrued income profits and losses: trustees of...
In section 643 (accrued income profits and losses: non-residents), in...
In section 809F (remittance basis: effect on what is chargeable),...
In section 809G (claim for remittance basis: effect on allowances...
In section 809K (introduction to rules on remittance of income...
In section 809VK (retention of funds to meet CGT liabilities),...
(1) Section 809YD (chargeable gains accruing on sales of exempt...
In section 809Z7 (meaning of “foreign income and gains” etc),...
CTA 2009 is amended as follows.
In section 2 (charge to corporation tax), omit subsection (2A)....
Omit Schedule BA1 (disposals of non-UK residential property interests).
(1) Section 5 of CTA 2009 (territorial scope of charge...
In section 18A (exemption for profits or losses of foreign...
(1) Section 19 (chargeable profits) is amended as follows.
CTA 2010 is amended as follows.
In section 533 (financial statements: supplementary), after subsection (1) insert—...
After section 535 insert— Gains: disposals of rights or interests...
In section 547 (funds awaiting reinvestment), at the end insert—...
In section 550(3) (attribution of distributions), after “section 535” insert...
(1) Section 556 (disposal of assets) is amended as follows....
In section 582 (early exit), in subsection (3)(b), for “or...
Omit Schedule C1 (section 14F: meaning of “closely-held company” and...
(1) The amendments made by this Schedule have effect—
(1) This paragraph applies to— (a) allowable NRCGT losses accruing...
The Treasury may by regulations make any transitional provisions or...
(1) This paragraph applies where this Schedule re-enacts in TCGA...
The Treasury may by regulations make such provision as they...
(1) The Treasury may by regulations make provision, in relation...
(1) This paragraph applies to regulations made under paragraph 124...
For Schedule 1 substitute— SCHEDULE 1 UK resident individuals not...
After Schedule 1 insert— SCHEDULE 1A Assets deriving 75% of...
After Schedule 1A insert— SCHEDULE 1B Residential property gains Meaning...
After Schedule 1B insert— SCHEDULE 1C Annual exempt amount in...
After Schedule 4 insert— SCHEDULE 4AA Re-basing for non-residents in...
Omit Schedule 4ZZA (relevant high value disposals: gains and losses)....
Omit Schedule 4ZZB (non-resident CGT disposals: gains and losses).
For the sections contained in Part 1 substitute— PART 1...
Omit Schedule 4ZZC (disposals of residential property interests: gains and...
After Schedule 5A insert— SCHEDULE 5AAA UK property rich collective...
In TMA 1970, after section 8B insert— Returns so far...
TCGA 1992 is amended as follows.
In section 16 (computation of losses), omit subsection (3).
(1) Section 25 (non-residents: deemed disposals) is amended as follows....
For section 25ZA substitute— Postponing gain or loss under section...
(1) Section 48A (unascertainable consideration) is amended as follows.
In section 59 (partnerships), in subsections (2)(b), (3) and (4),...
(1) Section 62 (death: general provisions) is amended as follows....
Omit sections 16ZB to 16ZD (losses of non-UK domiciled individuals)....
(1) Section 79B (attribution to trustees of gains of non-resident...
For section 80A substitute— Postponing gain or loss under section...
In section 85A (transfers of value: attribution of gains to...
(1) Section 86 (attribution of gains to settlors with interest...
(1) Section 86A (attribution of gains to settlor in section...
(1) Section 87 (non-UK resident settlements: attribution of gains to...
In section 87A (section 87: matching), for “the section 2(2)...
In section 87B (section 87: remittance basis), for subsection (2)...
In section 87J (relevant parts of payment from which onward...
In section 87N (sections 87 and 87A: disregard of payments...
After section 36 insert— Re-basing for non-residents for UK land...
In section 87P (sections 87 and 87A: temporary migration after...
In section 88 (gains of dual settlements), in subsections (2)...
In section 89 (migrant settlements, etc), in subsection (2), for...
In section 90 (sections 87 and 89(2): transfers between settlements),...
In section 91 (increase in tax payable under section 87...
In section 96 (payments by and to companies), in subsection...
Omit section 100A (exemption for certain EEA UCITS).
In section 103KC (carried interest: foreign chargeable gains), for “a...
In section 103KE (carried interest: avoidance of double taxation), in...
(1) Section 139 (reconstruction involving transfer of business) is amended...
Omit Chapter 5 of Part 2 (computation of gains and...
In section 140A (transfer or division of UK business), in...
(1) Section 140E (merger leaving assets within UK tax charge)...
In section 159 (non-residents: roll-over relief), in subsection (4), for...
For section 159A substitute— Disposals of interests in UK land...
(1) Section 161 (appropriations to and from trading stock) is...
(1) Section 165 (relief for gifts of business assets) is...
(1) Section 167A (gifts of UK residential property interests to...
For section 168A substitute— Postponing held-over gain: interests in UK...
In section 169N (amount of entrepreneurs' relief: general), in subsection...
In section 169VK (cap on investors' relief for disposal by...
Omit Chapter 6 of Part 2 (computation of gains and...
In section 169VL (cap on investors' relief for disposal by...
(1) Section 171 (transfers within a group: general provisions) is...
In section 171A (election to reallocate gain or loss to...
In section 171B (election under section 171A: effect), in subsection...
In section 175 (replacement of business assets by members of...
(1) Section 179 (company ceasing to be member of group:...
Omit section 187A (deemed disposal under section 185: ATED-related gains...
For section 187B substitute— Postponing gain or loss under section...
Omit sections 188A to 188K (and the italic heading before...
(1) Section 190 (tax recoverable from another group company or...
Omit Chapter 7 of Part 2 (computation of gains and...
(1) Section 199 (exploration or exploitation assets: deemed disposals) is...
In section 210A (insurance companies: ring-fencing of losses), in subsection...
In section 222A (determination of main residence: non-resident CGT disposals),...
(1) Section 222B (non-qualifying tax years) is amended as follows....
(1) Section 223 (amount of relief) is amended as follows....
In section 228 (conditions for relief: supplementary), in subsection (6),...
(1) Section 260 (gifts on which inheritance tax is chargeable...
(1) Section 261ZA (gifts of UK residential property interests to...
In section 261C (meaning of “the maximum amount” for purposes...
In section 261E (meaning of “the maximum amount” for purposes...
After section 103DA insert— UK property rich collective investment vehicles...
In section 263ZA (former employees: employment-related liabilities), in subsection (5)—...
In section 271B (branch or agency treated as UK representative),...
In section 279A (deferred unascertainable consideration: election for treatment of...
(1) Section 279B (provisions supplementary to section 279A) is amended...
(1) Section 279C (effect of election under section 279A) is...
(1) Section 279D (elections under section 279A) is amended as...
In section 287 (orders and regulations etc), in subsection (4),...
(1) Section 288 (interpretation) is amended as follows.
In Schedule 4A (disposal of interest in settled property etc),...
(1) Schedule 4C (transfers of value: attribution of gains to...
After section 271 insert— Visiting forces and official agents etc...
(1) Schedule 5 (attribution of gains to settlors with interest...
In Schedule 7A (restriction on set-off of pre-entry losses), in...
In Schedule 7AC (exemptions for disposals by companies with substantial...
In Schedule 7C (relief for transfers to Schedule 2 share...
IHTA 1984 is amended as follows.
In Schedule A1 (non-excluded overseas property), in paragraph 8(3)—
FA 2005 is amended as follows.
(1) Section 32 (non-UK resident vulnerable persons: amount of relief)...
(1) Schedule 1 (non-UK resident vulnerable persons: interpretation) is amended...
ITA 2007 is amended as follows.
(1) This Schedule applies for the purposes of capital gains...
(1) A person is not required to make or deliver...
(1) This paragraph applies if— (a) an election under paragraph...
(1) This paragraph applies if— (a) a disposal is deemed...
(1) This paragraph applies if— (a) an option is granted...
(1) If, in determining whether a disposal is one to...
(1) This paragraph applies if a person is required to...
A return under this Schedule— (a) must contain information of...
(1) In this Part of this Schedule “ residential property...
(1) For the purposes of paragraph 16A the proportion of...
(1) For the purposes of paragraph 16A a person “disposes...
(1) For the purposes of paragraphs 16B to 16H an...
(1) For the purposes of paragraphs 16B to 16H a...
(1) A building is treated for the purposes of paragraph...
(1) If— (a) a person disposes of an interest in...
(1) For the purposes of paragraphs 16B to 16G a...
(1) In this Part of this Schedule— “the filing date”,...
(1) A person is not required to give a notice...
(1) The amendment provisions applicable to ordinary tax returns apply...
(1) A disposal is a “direct or indirect disposal of...
(1) The enquiry provisions apply in relation to returns made...
(1) For other provisions which, as a result of paragraph...
(1) The Revenue determination provision applicable to ordinary tax returns...
(1) A return made by a person under this Schedule...
(1) Expressions have the same meaning in this Part of...
(1) TMA 1970 is amended as follows.
(1) TCGA 1992 is amended as follows.
(1) Schedule 24 to FA 2007 (penalties for errors) is...
(1) Schedule 36 to FA 2008 (information and inspection powers)...
(1) Schedule 55 to FA 2009 (penalty for failure to...
(1) If a person makes a disposal to which this...
(1) Schedule 56 to FA 2009 (penalty for failure to...
So far as relating to amounts that are payable (or...
(1) The amendments made by this Part of this Schedule...
(1) If— (a) a person makes a disposal to which...
(1) A person is not required to make or deliver...
(1) This paragraph applies if— (a) a person is required...
(1) This paragraph applies for determining the amount of capital...
(1) This paragraph applies if— (a) a person makes and...
(1) If— (a) a person makes a disposal on which...
ITTOIA 2005 is amended as follows.
The Treasury may by regulations amend Chapter 2A of Part...
Regulations under paragraph 10 may— (a) make any provision that...
Regulations under paragraph 10 may not make provision having effect...
No regulations under paragraph 10 may be made after 31...
A statutory instrument containing (whether alone or with other provision)...
(1) Section 574 (overview of Part 5) is amended as...
(1) Section 576 (priority between Chapters within Part 5) is...
After section 608 insert— CHAPTER 2A Offshore receipts in respect...
In section 873(3) (procedure for orders and regulations) before paragraph...
(1) TIOPA 2010 is amended as follows.
The amendments made by this Schedule have effect for the...
In section 608W of ITTOIA 2005 (inserted by paragraph 4...
The Treasury may by regulations make such amendments of the...
(1) This Schedule contains provision about countering the tax effects...
(1) This paragraph applies where a person is a member...
In this Schedule— “arrangements” includes any scheme, agreement, understanding, transaction...
This Schedule has effect— (a) for income tax purposes, in...
(1) Arrangements are “profit fragmentation arrangements” if—
(1) In determining whether value deriving directly or indirectly from...
(1) The enjoyment conditions are met in relation to a...
(1) The material provision results in a tax mismatch for...
(1) For the purposes of paragraph 5, the resulting reduction...
(1) Adjustments must be made so as to counteract the...
In calculating income, profits or losses for any tax purposes,...
Section 5 of CTA 2009 (territorial scope of charge to...
CTA 2009 is amended as follows.
In section 3 (exclusion of charge to income tax) in...
In section 18A (exemption for profits or losses of foreign...
In section 19 (chargeable profits) for subsection (2A) substitute—
In section 289 (effect of company starting or ceasing to...
(1) Section 301 (calculation of non-trading profits and deficits from...
In section 333 (company with loan relationship ceasing to be...
(1) Section 334 (non-UK resident company ceasing to hold loan...
In section 574 (non-trading credits and debits to be brought...
In section 609 (company with derivative contract ceasing to be...
In subsection (2) (circumstances in which non-UK resident company is...
(1) Section 610 (non-UK resident company ceasing to hold derivative...
(1) Section 697 (derivative contracts with non-UK residents: exceptions) is...
In section 746 (“non-trading credits” and “non-trading debits”) in subsection...
(1) Section 792 (reallocation of charge within group) is amended...
(1) Section 793 (further requirements about elections under section 792)...
After section 793 insert— Effect of election under section 792...
In section 795 (recovery of charge from another group company...
In section 863 (asset becoming chargeable intangible asset), in subsection...
CTA 2010 is amended as follows.
(1) Section 9 (non-UK resident company preparing return of accounts...
After subsection (3) insert— (3A) A non-UK resident company which...
In section 107 (group relief: restriction on losses etc surrenderable...
In section 188BI (group relief for carried-forward losses: restriction on...
Part 10 of TIOPA 2010 (corporate interest restriction) is amended...
(1) Section 415 (qualifying net group-interest expense: interpretation) is amended...
In section 438 (exemption for interest payable to third parties...
This Schedule comes into force on 6 April 2020 (“the...
Where a period of account of a company begins before...
(1) This paragraph applies if— (a) in a tax year...
(1) This paragraph applies if— (a) in the tax year...
(1) This paragraph applies if— (a) on or after the...
In subsection (4) for “(2A) and (3)” substitute “ and...
(1) This paragraph applies for an accounting period (“the loss...
(1) This paragraph applies for an accounting period (“the relevant...
(1) Where— (a) before the commencement date a company is...
(1) This paragraph applies if— (a) an amount representing a...
(1) This paragraph applies if— (a) before 1 January 2015...
(1) This paragraph applies if on the commencement date—
(1) An election under section 792 of CTA 2009 (reallocation...
(1) This paragraph applies if— (a) before the commencement date...
Where on the commencement date— (a) a non-UK resident company...
(1) This paragraph applies if on or after 29 October...
At the end insert— (6) In this Part “other UK...
(1) This paragraph applies if— (a) a company enters into...
(1) Paragraph 2 of Schedule 18 to FA 1998 (duty...
After section 55 of FA 2004 insert— Section 55: exception...
In Part 3 of ITTOIA 2005 (property businesses), omit section...
In section 5 of ITA 2007 (income tax and companies)...
Part 3 of FA 2015 (diverted profits tax) is amended...
(1) After section 100 insert— Relief from corporation tax (1) This section applies where a charging notice or supplementary...
(1) In section 101 (HMRC review of charging notice)—
After section 101 insert— Amendment of CT return during review...
(1) Section 82 (calculation of taxable diverted profits in section...
In section 83 (section 80 or 81 cases where no...
In section 84 (section 80 or 81: calculation of profits...
(1) Section 85 (section 80 or 81: calculation of profits...
(1) Section 88 (calculation of taxable diverted profits in section...
After section 111 insert— Adjustment required to be made to...
The amendments made by paragraphs 2 to 7 have effect...
(1) Section 93 (preliminary notice) is amended as follows.
In TMA 1970, after section 59BA insert— CGT exit charge...
After Schedule 3ZA to TMA 1970 insert— SCHEDULE 3ZAA CGT...
(1) Schedule 56 to FA 2009 (penalty for failure to...
In section 107A of TMA 1970 (relevant trustees), in subsection...
In paragraph 5(3) of Schedule 11 to F(No.3)A 2010 (penalties...
(1) In sections 59FA, 109B and 109E of and Schedule...
The amendments made by paragraphs 1 and 2 have effect...
Schedule 3ZB to TMA 1970 (CT exit charge payment plans)...
(1) Sections 860 to 862 of CTA 2009 (postponement of...
(1) After section 184I of TCGA 1992 insert— Assets subject...
(1) Part 8 of CTA 2009 (intangible fixed assets) is...
In paragraph 1 (circumstances in which plan may be entered...
(1) Paragraph 4 (circumstances in which plan may be entered...
In paragraph 8(1) (entering into a plan)—
(1) Paragraph 10 (contents of plan) is amended as follows....
For paragraphs 11 to 17, and the italic heading before...
In Schedule 56 to FA 2009 (penalty for failure to...
The amendments made by paragraphs 1 to 6 have effect...
(1) Section 187 of TCGA 1992 (postponement of charge on...
Part 8 of CTA 2009 (intangible fixed assets) is amended...
In section 711 (overview of Part) in subsection (8) after...
In section 715 (application of Part to goodwill) in subsection...
In section 746 (“non-trading credits” and “non-trading debits”) in subsection...
Omit section 816A (restrictions on goodwill and certain other assets)....
After section 879 insert— CHAPTER 15A Debits in respect of...
(1) The amendments made by this Schedule have effect in...
CTA 2010 is amended as follows.
In section 269ZJ (exclusion of shock losses from restrictions) omit...
In section 269ZQ (power to amend) in subsection (2)(b) for...
In section 269ZV (group allowance allocation statement: requirements and effects)...
In section 269CC (restrictions on deductions by banking companies: management...
In section 269CN (restrictions on deductions by banking companies: definitions)...
In section 304(7) (certain deductions in respect of losses made...
FA 2012 is amended as follows.
In section 124 (carry forward of pre-1 April 2017 BLAGAB...
In section 124A (carry forward of post-1 April 2017 BLAGAB...
In section 124C (further carry forward against subsequent profits of...
In section 188DD (group relief for carried-forward losses: claimant company's...
Omit sections 124D and 124E (restriction on deductions from BLAGAB...
CTA 2010 is amended as follows.
In section 188BG(3) (types of loss that may not be...
(1) Section 188DD (claimant company's relevant maximum for overlapping period...
(1) Section 188ED (claimant company's relevant maximum for overlapping period...
CTA 2010 is amended as follows.
In section 357JI (Northern Ireland losses: transfers of trade without...
In section 676 (disallowance of trading loss on change in...
In section 676AF (restriction on use of carried-forward post-1 April...
In section 188ED (group relief for carried-forward losses: claimant company's...
In section 676BC (disallowance of relief for trade losses)—
(1) In section 730C of CTA 2010 (disallowance of deductible...
(1) The amendments made by this Schedule have effect in...
In section 269ZB (restriction on deductions from trading profits) in...
In section 269ZC (restriction on deductions from non-trading profits) in...
(1) Section 269ZD (restriction on deductions from total profits) is...
Omit section 269ZE (restriction on deductions from total profits: insurance...
After section 269ZF insert— “Relevant profits” (1) A company's “relevant profits” for an accounting period are—...
After section 269ZFA (as inserted by paragraph 8) insert— Modifications...
Part 10 of TIOPA 2010 (corporate interest restriction) is amended...
(1) Section 426 (changes in accounting policy in cases where...
In section 427 (group interest and group-EBITDA), after subsection (5)...
In section 433 (meaning of “qualifying infrastructure company”), in subsection...
In section 439 (exemption in respect of certain pre-13 May...
(1) Section 452 (Real Estate Investment Trusts) is amended as...
In— (a) paragraph 1(4)(a) of Schedule 7A (period for appointing...
In paragraph 7(5) of Schedule 7A (meaning of “the filing...
(1) In paragraph 7 of Schedule 7A (submission of interest...
In paragraph 20 of Schedule 7A (required contents of interest...
In section 411 (definitions of “relevant expense amount” and “relevant...
In Chapter 3 (tax-interest amounts), after section 391 insert— Amounts...
In section 494(1) (other interpretation), after “interest restriction return” insert—...
In Part 7 of Schedule 11 (index of defined expressions...
(1) The amendments made by paragraphs 2, 5 to 11...
The amendments made by paragraphs 3 and 4 have effect...
Part 10 of TIOPA 2010 has effect, and is to...
The amendment made by paragraph 17 has effect where the...
The amendment made by paragraph 18 has effect in relation...
(1) This paragraph applies if— (a) an interest allowance (alternative...
After section 395 insert— Carry forward of interest allowance: new...
After section 400 insert— Carry forward of excess debt cap:...
Section 410 (net group-interest expense), after subsection (5) insert—
(1) Section 413 (adjusted net group-interest expense) is amended as...
(1) Section 423 (capitalised interest brought into account for tax...
(1) Section 413 (meaning of “adjusted net group-interest expense”) is...
After section 424 insert— Unpaid employees' remuneration (1) Where an interest allowance (alternative calculation) election has effect...
After section 352A of CTA 2009 insert— Eliminating tax mismatch...
In section 465B of CTA 2009 (meaning of “tax-adjusted carrying...
(1) The amendments made by this Schedule have effect for...
(1) This paragraph applies in relation to an accounting period...
(1) The Treasury may by regulations amend section 352B of...
(1) This paragraph applies in relation to a chargeable period...
(1) This paragraph applies in relation to a chargeable period...
(1) Paragraphs 1 and 2 apply for the purpose of...
(1) Part 2 of CAA 2001 (plant and machinery allowances)...
The amendments made by this Part of this Schedule have...
(1) In FA 2011, omit section 53 (leases and changes...
(1) This paragraph and paragraphs 13 to 17 modify the...
(1) This paragraph applies if the right-of-use asset falls (or...
(1) This paragraph applies if the right-of-use asset falls (or...
(1) This paragraph applies if— (a) before the whole of...
(1) Sub-paragraph (2) applies if— (a) before the whole of...
(1) This paragraph applies if a lessee, in accordance with...
(1) In section 426 of TIOPA 2010 (changes of accounting...
(1) Sub-paragraph (2) applies if— (a) an amount is brought...
(1) ITTOIA 2005 is amended as follows.
In section 809BZN of ITA 2007 (finance arrangements: exceptions), after...
(1) CTA 2010 is amended as follows.
In section 494 of TIOPA 2010 (corporate interest restriction: other...
(1) The amendments made by this Part of this Schedule...
Part 2 of CAA 2001 (plant and machinery allowances) is...
(1) In section 70I (“short lease”)— (a) in subsections (2)...
(1) Section 70O (the lease payments test) is amended as...
This Schedule applies if, on or after 1 November 2018,...
(1) A “decommissioning security agreement” is an agreement entered into...
In this Schedule— (a) references to the “licensed area” are...
“Licence transfer date”, in relation to a TTH election, means...
(1) The seller's “reference accounting period” is the accounting period...
(1) The “purchaser's reference accounting period” means—
Each of the following is a “pre-transfer accounting period” of...
(1) Each of the following is a “pre-acquisition accounting period”...
(1) This paragraph applies if the date on which the...
(1) References to the “transferred profits amount” for an accounting...
“Trade loss relief provisions” means 37 to 44 of CTA...
(1) The total TTH amount may not include an amount...
(1) The transferred profits amount for an accounting period, other...
Ring fence profits of an accounting period are “eligible” for...
In determining, for the purposes of this Schedule, the amount...
This Part applies if— (a) the seller and the purchaser...
(1) Sub-paragraphs (2) and (3) apply if the seller makes...
The transferred profits amount for an accounting period is to...
(1) Paragraphs 16 and 17 are subject to this paragraph....
Paragraphs 20 and 21 apply in relation to an accounting...
(1) On or after the licence transfer date, the seller...
(1) The transferred adjusted ring fence profits amount for the...
(1) For the purposes of the application of any provision...
(1) For the purposes of paragraphs 20(2) and 21(1)—
This Part applies if— (a) the seller and the purchaser...
In paragraph 23(d)(ii), “decommissioning loss” means a loss in respect...
(1) The total activated TTH amount held by the purchaser...
(1) This paragraph applies where, in respect of a loss...
(1) In this Schedule, references to the transferred adjusted ring...
For the purposes of section 59D(2) of TMA 1970 (repayment...
(1) An enquiry under Part 4 of Schedule 18 to...
(1) The total TTH amount may comprise—
(1) A TTH activation event occurs in relation to the...
The “decommissioning expenditure amount” attributable to the TTH oil field...
(1) The “special allowance amount” for an accounting period is...
(1) The “post-cessation expenditure amount” for an accounting period is...
(1) The “restoration expenditure amount” for an accounting period is...
For the purposes of paragraphs 32(2), 33(2) and 34(2), expenditure...
This Part of this Schedule applies if a TTH activation...
In this Schedule— (a) “first activation period” means the first...
The “total activated TTH amount” held by the purchaser for...
The “total activated TTH amount” held by the purchaser for...
(1) This paragraph applies if, in relation to a post-activation...
(1) This paragraph applies if, in relation to a post-activation...
If neither paragraph 40 nor paragraph 41 applies in relation...
Paragraph 44 applies for the purposes of paragraph 25 (effect...
The total activated TTH amount for a loss period is...
(1) In this Schedule, references to the transferred profits amount...
(1) This paragraph applies for the purposes of Steps 1...
(1) This paragraph applies for the purposes of allocating an...
(1) The closing balance of activated TTH for the first...
The closing balance of the total TTH amount for an...
To determine the “uplifted decommissioning costs estimate” in relation to...
(1) This paragraph applies for the purposes of recalculating the...
(1) To determine the “reduced ARFP amount” for a pre-acquisition...
(1) This paragraph (instead of paragraph 51) applies if the...
(1) The “activated ARFP amount” for a pre-acquisition accounting period...
The “ARFP uplift amount” for a pre-acquisition accounting period is...
The “adjusted finance cost amount” for a loss period is...
(1) A TTH election may only be made if—
(1) If the seller is a party to a decommissioning...
(1) A TTH election in respect of a TTH asset...
(1) The election must contain such information and declarations as...
(1) The “net cost amount” is the appropriate DSA estimate...
(1) This paragraph applies if— (a) a TTH election is...
An officer of Revenue and Customs may approve the TTH...
(1) If no approval notice or enquiry notice is given,...
The purchaser is required, as a condition of the approval...
(1) The purchaser complies with the profit tracking requirements in...
(1) For the purposes of determining the tracked profit or...
(1) The purchaser's “senior tracking officer” is the officer of...
(1) The senior tracking officer is liable to a penalty...
The “transferred proportion” of the net cost amount is the...
(1) A penalty under paragraph 68 must be paid—
(1) A TTH election in respect of a TTH asset—...
(1) A TTH election ceases to have effect in relation...
If a document provided for the purposes of making a...
(1) This paragraph applies if, before the correction under paragraph...
Where the seller and the purchaser jointly make a TTH...
The amount or value of any consideration for the transfer...
Any value attributable to the transfer of tax history is...
For the purposes of the application of sections 195A to...
In paragraph 5(b), the “relevant proportion” means—
(1) References in this Part to “the transfer of tax...
This Part applies if— (a) the purchaser (referred to in...
(1) Sub-paragraph (2) applies if— (a) the first purchaser has...
(1) This Schedule applies, for the purposes of the subsequent...
The original TTH amount for each relevant accounting period ceases...
(1) Paragraphs 86 and 87 apply in relation to the...
(1) The total TTH amount may not include an amount...
In the application of this Schedule for the purposes of...
(1) This paragraph applies if— (a) the first purchaser and...
(1) The provisions of this Schedule apply, for the purposes...
(1) To adjust the allocated amount for the purposes of...
(1) This paragraph applies if, after the effective date of...
In the case of a sale by the second purchaser,...
(1) This paragraph applies if— (a) interests in more than...
(1) This paragraph applies if, in a loss period, more...
(1) A person may appeal against— (a) a decision that...
(1) If a person enters into arrangements within sub-paragraph (2),...
(1) If relief is given to a person under the...
The following definitions apply for the purposes of this Schedule....
Expressions used in this Schedule that are defined for the...
“UK oil licence” means a licence granted under—
(1) Chapter 3 of Part 5 of TCGA 1992 (transfer...
(1) Chapter 3 of Part 5 of TCGA 1992 (transfer...
In Part 5 of TCGA 1992 (transfer of business assets),...
(1) Subject as follows, the amendments made by paragraph 1...
VATA 1994 is amended as follows.
In section 51B— (a) in the heading, at the end...
After section 51B insert— Vouchers issued on or after 1...
In the heading to Schedule 10A, at the end insert...
After Schedule 10A insert— SCHEDULE 10B VAT treatment of vouchers...
In regulation 38ZA(2) of the Value Added Tax Regulations 1995...
(1) Section 43A of VATA 1994 (groups: eligibility) is amended...
In section 44 (supplies to groups), in subsection (1)(a) and...
In section 53 (tour operators), in subsection (2)(d), for “body...
In section 97 (orders, rules and regulations), in subsection (4)(ca),...
(1) Schedule 9 (exemptions) is amended in accordance with this...
(1) Schedule 9A (anti-avoidance provisions: groups) is amended in accordance...
(1) Schedule 10 (buildings and land) is amended in accordance...
In that Act, after section 43A insert— Section 43A: control...
VATA 1994 is amended as follows.
In section 18A (fiscal warehousing), in subsection (9), for “body...
(1) Section 43 (groups of companies) is amended in accordance...
In section 43AA (power to alter eligibility for grouping), in...
(1) Section 43B (groups: applications) is amended in accordance with...
(1) Section 43C (groups: termination of membership) is amended in...
(1) Section 43D (groups: duplication) is amended in accordance with...
(1) Section 11 of FA 1997 (rate of gaming duty)...
(1) Paragraph 9 of Schedule 1 to FA 1997 (accounting...
In paragraph 11(2) of Schedule 1 to FA 1997 (regulations),...
In section 11 of FA 1997, for subsection (10) substitute—...
In section 12 of FA 1997 (liability to pay gaming...
(1) The Gaming Duty Regulations 1997 (S.I. 1997/2196) are amended...
The amendments made by this Schedule come into force on...
(1) Where there is an agreement under paragraph 9(1) of...
(1) The Taxation of Regulatory Capital Securities Regulations 2013 (S.I....
The following have effect for accounting periods beginning on or...
An accounting period beginning before and ending on or after...
(1) This paragraph applies in the case of a security...
(1) If there is a difference between—
(1) This paragraph applies to a transitional qualifying instrument which...
(1) This paragraph applies if— (a) regulation 3(2)(c)(i) of the...
(1) The provision made by paragraphs 1 to 4 has...
The revocations made by paragraph 1 have effect for the...
In so far as it relates to the definition of...
(1) The Treasury may by regulations amend section 475C of...
At the end of Chapter 12 of Part 5 of...
A transfer of a hybrid capital instrument (within the meaning...
The revocations made by paragraph 1, and the provision made...
(1) After section 475B of CTA 2009 insert— Meaning of...
In section 1015 of CTA 2010 (meaning of “special securities”)...
After section 320A of CTA 2009 insert— Hybrid capital instruments:...
In section 162 of CTA 2010 (meaning of “normal commercial...
(1) Part 5 of CTA 2009 (loan relationships) is amended...
(1) Part 10 of TIOPA 2010 (corporate interest restriction) is...
(1) The Loan Relationships and Derivative Contracts (Disregard and Bringing...
Browse 99 other sections — procedural / definitional / commencement
Income tax charge for tax year 2019-20
Corporation tax charge for financial year 2020
Main rates of income tax for tax year 2019-20
Default and savings rates of income tax for tax year 2019-20
Basic rate limit and personal allowance
Starting rate limit for savings for tax year 2019-20
Optional remuneration arrangements: arrangements for cars and vans
Exemption for benefit in form of vehicle-battery charging at workplace
Exemptions relating to emergency vehicles
Exemption for expenses related to travel
Beneficiaries of tax-exempt employer-provided pension benefits
Tax treatment of social security income
Disposals by non-UK residents etc
Disposals of UK land etc: payments on account of capital gains tax
Offshore receipts in respect of intangible property
Avoidance involving profit fragmentation arrangements
Non-UK resident companies carrying on UK property businesses etc
Diverted profits tax
Hybrid and other mismatches: scope of Chapter 8 and “financial instrument”
Controlled foreign companies: finance company exemption and control
Permanent establishments: preparatory or auxiliary activities
Payment of CGT exit charges
Corporation tax exit charges
Group relief etc: meaning of “UK related” company
Intangible fixed assets: restrictions on goodwill and certain other assets
Intangible fixed assets: exceptions to degrouping charges etc
Corporation tax relief for carried-forward losses
Corporate interest restriction
Debtor relationships of company where money lent to connected companies
Construction expenditure on buildings and structures
Special rate expenditure on plant and machinery
Temporary increase in annual investment allowance
First-year allowances and first-year tax credits
First-year allowance: expenditure on electric vehicle charge points
Qualifying expenditure: buildings, structures and land
Changes to accounting standards etc
Oil activities: transferable tax history
Petroleum revenue tax: post-transfer decommissioning expenditure
Entrepreneurs' relief
Gift aid etc: restrictions on associated benefits
Charities: exemption for small trades etc
Relief for first-time buyers in cases of shared ownership
Repayment to first-time buyers in cases of shared ownership
Higher rates of tax for additional dwellings etc
Exemption in respect of financial institutions in resolution
Changes to periods for delivering returns and paying tax
Stamp duty: transfers of listed securities and connected persons
Stamp duty: transfers of unlisted securities and connected persons
SDRT: listed securities and connected persons
SDRT: unlisted securities and connected persons
Stamp duty: exemption in respect of financial institutions in resolution
Stamp duty and SDRT: exemptions in respect of share incentive plans
Duty of customers to account for tax on supplies
Treatment of vouchers
Groups: eligibility
Rates of duty on cider, wine and made-wine
Excise duty on mid-strength cider
Rates
Tobacco for heating
VED: rates for light passenger vehicles, light goods vehicles, motorcycles etc
VED: taxis capable of zero emissions
HGV road user levy
Rates of duty from 1 April 2020
Remote gaming duty: rate
Gaming duty
Climate change levy: exemption for mineralogical and metallurgical processes
Landfill tax rates
Residence nil-rate band
Application of penalty provisions
Isle of Man
Carbon emissions tax
Charge to carbon emissions tax
“Reported carbon emissions”
“Emissions report” and “reporting period”
“Emissions allowance”
Liability to pay carbon emissions tax
Power to make further provision about carbon emissions tax
Consequential provision
Interpretation
Regulations
Commencement and transitional provision
Offshore matters or transfers: income tax and capital gains tax
Offshore matters or transfers: inheritance tax
Construction industry scheme and corporation tax etc
Resolution of double taxation disputes
International tax enforcement: disclosable arrangements
Interest in respect of unlawful ACT
Section 85: supplementary
Voluntary returns
Interest under section 178 of FA 1989 and section 101 of FA 2009
Regulatory capital securities and hybrid capital instruments
Minor amendments in consequence of EU withdrawal
Emissions reduction trading scheme: preparatory expenditure
Impact analyses of the anti-avoidance provisions of this Act
Review of effectiveness of provisions on tax avoidance
Review of public health effects of gaming provisions
Review of changes made by sections 80 and 81
Interpretation
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