Grow your tech business
- 1 step
UK Act of Parliament
2020
United Kingdom
Finance Act 2020
At a glance
Enforced by
What's here
17 compliance obligations, 1 practical guide · 2 journeys
Penalty landscape
2 of 17 obligations carry an unlimited fine. 1 carries different penalties and 14 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 10
- Director or Officer 2
- Trader 1
Plus 4 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Start a fintech business
- 1 step
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
Directors and Officers also bound by 425 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 161 duties
- Companies Act 2006 2006 108 duties
- Insolvency Act 1986 1986 72 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
- The Housing Administration (England and Wales) Rules 2018 2018 26 duties
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — Income tax, corporation tax and capital gains tax
Browse 38 other sections in this Part — procedural / definitional / commencement
Income tax charge for tax year 2020-21
Main rates of income tax for tax year 2020-21
Default and savings rates of income tax for tax year 2020-21
Starting rate limit for savings for tax year 2020-21
Main rate of corporation tax for financial year 2020
Corporation tax: charge and main rate for financial year 2021
Workers' services provided through intermediaries
Determining the appropriate percentage for a car: tax year 2020-21 onwards
Determining the appropriate percentage for a car: tax year 2020-21 only
Determining the appropriate percentage for a car: tax year 2021-22 only
Apprenticeship bursaries paid to persons leaving local authority care
Tax treatment of certain Scottish social security benefits
Power to exempt social security benefits from income tax
Voluntary office-holders: payments in respect of expenses
Loan charge not to apply to loans or quasi-loans made before 9 December 2010
Election for loan charge to be split over three tax years
Loan charge reduced where underlying liability disclosed but unenforceable
Relief from interest on tax payable by a person subject to the loan charge
Minor amendments relating to the loan charge
Repaying sums paid to HMRC under agreements relating to certain loans etc
Operation of the scheme
Annual allowance: tapered reduction
Entrepreneurs' relief
Relief on disposal of private residence
Corporate capital losses
Quarterly instalment payments
Relief from CGT for loans to traders
Research and development expenditure credit
Structures and buildings allowances: rate of relief
Structures and buildings allowances: miscellaneous amendments
Intangible fixed assets: pre-FA 2002 assets etc
Non-UK resident companies carrying on UK property businesses etc
Surcharge on banking companies: transferred-in losses
CT payment plans for tax on certain transactions with EEA residents
Changes to accounting standards affecting leases
Enterprise investment scheme: approved investment fund as nominee
Gains from contracts for life insurance etc: top slicing relief
Losses on disposal of shares: abolition of requirement to be UK business
Part 2 — Digital services tax
Charge to DST
- Pay Digital Services Tax if you meet the threshold conditions Any Person
Continuity of obligations etc where change in the responsible member
- Assume all Digital Services Tax liabilities when becoming a responsible member Any Person
Duty to notify HMRC when threshold conditions are met
- Notify HMRC when Digital Services Tax threshold conditions are met Any Person
Duty to notify HMRC of change in relevant information
- Notify HMRC of changes to digital services tax group information Any Person
Duty to file returns
- File DST returns for your group each accounting period Any Person
Review of DST
Other duties (1) — Crown / regulator
- The Treasury must review and report on the Digital Services Tax Crown / Minister / Government department
Browse 28 other sections in this Part — procedural / definitional / commencement
Digital services tax: introduction
Meaning of “digital services revenues”
Meaning of “UK digital services revenues”
UK digital services revenues: accommodation and land
Meaning of “digital services activity” etc
Meaning of “user” and “UK user”
Exclusion for online financial marketplaces
Meaning of “the threshold conditions”
Alternative basis of charge
Section 48: meaning of “relevant operating expenses”
Relief for certain cross-border transactions
When DST is due and payable
Meaning of “the responsible member”
Meaning of “group”, “parent” etc
Section 57: meaning of “relevant entity”
Continuity of a group over time
Treatment of stapled entities
Accounting periods and meaning of “a group's accounts”
Apportionment of revenues or expenses to accounting period
Meaning of revenues arising, or expenses recognised, in a period
Meaning of “the applicable accounting standards” etc
Anti-avoidance
Notice requiring payment from other group members
Interest on overdue DST
Interest on overpaid DST etc
Recovery of DST liability
Minor and consequential amendments
Interpretation of Part
Part 3 — Other taxes
HGV road user levy: transitional provision for end of exempt period
Unlimited fine- Fail to pay HGV road user levy after notice Any Person
Browse 25 other sections in this Part — procedural / definitional / commencement
Excluded property etc
Transfers between settlements etc
Relief for payments to victims of persecution during Second World War era
Exceptional circumstances preventing disposal of interest in three year period
Stamp duty: transfers of unlisted securities and connected persons
SDRT: unlisted securities and connected persons
Stamp duty: acquisition of target company's share capital
Call-off stock arrangements
Post-duty point dilution of wine or made-wine
Rates of tobacco products duty
Rates for light passenger or light goods vehicles, motorcycles etc
Applicable CO 2 emissions figure determined using WLTP values
Electric vehicles: extension of exemption
Motor caravans
Exemption in respect of medical courier vehicles
HGV road user levy : exempt period
Rebated fuel: private pleasure craft
Rates of air passenger duty from 1 April 2021
Amounts of gross gaming yield charged to gaming duty
Rates of climate change levy until 1 April 2021
Rates of climate change levy from 1 April 2021
Rates of landfill tax
Carbon emissions tax
Charge for allocating allowances under emissions reduction trading scheme
International trade disputes
Part 4 — Miscellaneous and final
Tax relief for scheme payments etc
Amended 2 timesTaxation of coronavirus support payments
Amended 2 timesEnterprise management incentives
Amended 1 timeLimits on local loans
Amended 1 timeBrowse 13 other sections in this Part — procedural / definitional / commencement
HMRC debts: priority on insolvency
HMRC debts: regulations
Joint and several liability of company directors etc
Amendments relating to the operation of the GAAR
HMRC: exercise of officer functions
Returns relating to LLP not carrying on business etc with view to profit
Interest on unpaid tax in case of disaster etc of national significance
Protected pension age of members re-employed as a result of coronavirus
Modifications of the statutory residence test in connection with coronavirus
Future Fund: EIS and SEIS relief
Preparing for a new tax in respect of certain plastic packaging
Interpretation
Short title
Schedules
Private pleasure craft
7 years imprisonment- Use or supply restricted fuel for private pleasure craft Any Person
In paragraph 2 of Schedule 18 to FA 1998 (duty...
- Notify HMRC of chargeability unless tax payable is nil after income tax deduction Trader
(1) A DST return for an accounting period must be...
- File DST return within one year of accounting period end Any Person
(1) This paragraph applies where— (a) notice of a discovery...
- Request reallocation of tax liability within 30 days of a discovery assessment Director or Officer
(1) This paragraph applies in a case where—
Other duties (1) — Crown / regulator
- HMRC must consider late appeal requests where there was a reasonable excuse Statutory regulator
(1) This paragraph applies if HMRC are required by paragraph...
Other duties (1) — Crown / regulator
- HMRC must review tax decisions and notify you within 45 days Statutory regulator
(1) This paragraph applies in relation to a group for...
- Keep records needed for correct DST returns for 6 years Director or Officer
The duty under paragraph 4 to preserve records may be...
- Preserve records in any form, subject to HMRC conditions Any Person
For section 14F substitute— Penalties for contravention of section 14E...
Unlimited fine- Intentionally misuse restricted fuel Any Person
(1) This paragraph applies where HMRC are required to undertake...
Other duties (1) — Crown / regulator
- HMRC must review joint liability notices within 45 days and give reasons Statutory regulator
Browse 324 other Schedules — structural / supplementary
Workers' services provided through intermediaries
The loan charge: consequential amendments
Entrepreneurs' relief
Corporate capital losses
Digital services tax: returns, enquiries, assessments and appeals
DST payment notices
Taxation of coronavirus support payments
Chapter 8 of Part 2 of ITEPA 2003 (application of...
In section 61L (meaning of “public authority”) in subsection (1)—...
(1) Section 61M (engagements to which the Chapter applies) is...
(1) Section 61N (worker treated as receiving earnings from employment)...
After section 61N insert— Meaning of status determination statement (1) For the purposes of section 61N “status determination statement”...
In section 61O(1) (conditions where intermediary is a company) for...
In section 61R (application of Income Tax Acts in relation...
For section 61T substitute— Client-led status disagreement process (1) This section applies if, before the final chain payment...
(1) Section 61W (prevention of double charge to tax and...
In section 61D of ITEPA 2003 (managed service companies: worker...
After section 688A of ITEPA 2003 insert— Workers' services provided...
For the heading of the Chapter substitute “Workers' services provided...
In section 60 of FA 2004 (construction industry scheme: meaning...
For the italic heading before section 141A of CTA 2009...
In the heading of section 141A of CTA 2009 for...
(1) Part 13 of CTA 2009 (additional relief for expenditure...
The amendments made by Part 1 of this Schedule have...
The amendments made by Part 2 of this Schedule have...
The amendment made by paragraph 18 of this Schedule has...
The amendment made by paragraph 20 of this Schedule has...
The amendments made by paragraph 23 of this Schedule have...
Sections 101 to 103 of FA 2009 (interest) come into...
(1) Section 48 (scope of Chapter) is amended as follows....
(1) This paragraph applies where— (a) the client in the...
(1) This paragraph applies where— (a) the client in the...
(1) This paragraph applies for the purposes of paragraphs 30...
For the purposes of section 61N(5), (5A)(a) and (8)(za) of...
For the purposes of section 61T of ITEPA 2003—
(1) Section 50 (worker treated as receiving earnings from employment)...
After section 60 insert— When a person qualifies as small...
In section 61(1) (interpretation), in the definition of company, before...
Chapter 10 of Part 2 of ITEPA 2003 (workers' services...
For the heading of the Chapter substitute “Workers' services provided...
(1) Section 61K (scope of Chapter) is amended as follows....
Schedule 11 to F(No.2)A 2017 (employment income provided through third...
Omit paragraphs 20 to 22 and the italic headings before...
Omit the italic heading before paragraph 23.
(1) Paragraph 23 (accelerated payments) is amended as follows.
(1) Paragraph 35A (when the duty to provide loan charge...
In paragraph 35B (duty of appropriate third party to provide...
(1) Paragraph 35D (meaning of “loan charge information”) is amended...
(1) Paragraph 36 (duty to provide loan charge information to...
Schedule 12 to F(No.2)A 2017 (trading income provided through third...
For the italic heading before paragraph 2 substitute “Meaning of...
In paragraph 2 (meaning of “loan”, “quasi-loan” and “approved repayment...
In paragraph 1 (application of Part 7A of ITEPA 2003:...
Omit paragraphs 15 to 18 and the italic heading before...
(1) Paragraph 19 (accelerated payments: application of paragraph 20) is...
In paragraph 23 (meaning of “loan charge information”) in sub-paragraph...
ITEPA 2003 is amended as follows.
(1) Section 554A (application of Chapter 2 of Part 7A:...
In section 554Z (interpretation: general) in subsection (10)(d) after “paragraph...
Schedule 11 to F(No.2)A 2017 (employment income provided through third...
In paragraph 2 (meaning of “loan”, “quasi-loan” and “approved repayment...
In paragraph 3(1) (meaning of “outstanding”: loans) for “paragraph 1”...
In paragraph 4 (when an amount of a loan is...
For the italic heading before paragraph 2 substitute “Meaning of...
In paragraph 5 (meaning of “outstanding”: loans where A or...
In paragraph 7 (meaning of “outstanding”: loans in currencies other...
In paragraph 10 (meaning of “outstanding”: loans made in a...
In paragraph 11(1) (meaning of “outstanding”: quasi-loans) for “paragraph 1”...
In paragraph 12 (certain payments or transfers to be disregarded...
In paragraph 13 (meaning of “outstanding”: quasi-loans where A or...
In paragraph 15 (meaning of “outstanding”: quasi-loans in currencies other...
In paragraph 18 (meaning of “outstanding”: quasi-loans made in a...
After paragraph 35 insert— Exclusion for relevant step within paragraph...
(1) The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) are...
In paragraph 2 (meaning of “loan”, “quasi-loan” and “approved repayment...
(1) Paragraph 4 (when an amount of a loan is...
In paragraph 5 (meaning of “outstanding”: loans where A or...
In paragraph 13 (meaning of “outstanding”: quasi-loans where A or...
Omit paragraph 19 (meaning of “approved fixed term loan”) and...
For the heading of Part 2 substitute “ Accelerated payments...
In section 169N of TCGA 1992 (entrepreneurs' relief: amount of...
The amendments made by paragraph 1 have effect in relation...
(1) This paragraph applies where an asset is conveyed or...
(1) This paragraph applies where— (a) on or after 6...
(1) This paragraph applies where— (a) on or after 6...
(1) Paragraphs 2 to 5 are to be construed as...
(1) In section 169H(1) of TCGA 1992 (relief under Chapter...
This Part of this Schedule has effect for the tax...
Part 7ZA of CTA 2010 (restrictions on obtaining certain deductions)...
After section 269ZY of CTA 2010 insert— Deductions allowance for...
In section 269ZZB of CTA 2010 (meaning of “group”), at...
(1) Section 210A of TCGA 1992 (insurance: ring-fencing of losses)...
After section 269ZFB of CTA 2010 insert— Restriction on deductions...
(1) Part 7ZA of CTA 2010 is amended in accordance...
In section 95 of FA 2012 (use of non-BLAGAB allowable...
In section 197 of TCGA 1992 (disposals of interests in...
In section 18 of TCGA 1992 (transactions between connected persons)...
(1) Schedule 7A to TCGA 1992 (restriction on set-off of...
Part 12 of CTA 2010 (real estate investment trusts) is...
After section 269ZB insert— Restriction on deductions from chargeable gains...
In section 535B (use of pre-April 2019 residual business losses...
In section 550 (attribution of distributions) at the end insert—...
In section 556 (disposal of assets) in subsection (7), for...
(1) Section 19 of F(No.2)A 2017 (losses: counteraction of avoidance...
Part 7ZA of CTA 2010 is amended as follows.
(1) Section 269ZB (restriction on deductions from trading profits) is...
In section 269ZC (restriction on deductions from non-trading profits) omit...
In section 269ZD (restriction on deductions from total profits) omit...
After section 269ZD insert— References to a company's “deductions allowance”...
(1) Section 269ZF (“relevant trading profits” and “relevant non-trading profits”)...
(1) Section 269ZC (restriction on deductions from non-trading profits) is...
(1) Section 269ZFA (“relevant profits”) is amended as follows.
In section 269ZG (general insurance companies: excluded accounting periods), in...
In section 269ZR (deductions allowance for company in a group),...
In section 269ZW (deductions allowance for company not in a...
In section 269ZZ (company tax return to specify amount of...
(1) Section 269ZZA(1) (excessive specification of deductions allowance: application of...
Part 7A of CTA 2010 (banking companies: restrictions on obtaining...
(1) Section 269CB (restriction on deductions for non-trading deficits from...
In section 269CN (definitions)— (a) omit the definition of “relevant...
In section 2A of TCGA 1992 (company's total profits to...
In section 269ZD (restriction on deductions from total profits), in...
In section 210A of TCGA 1992, in subsection (10C), for...
In section 93 of FA 2012 (minimum profits test), at...
The amendments made by this Schedule have effect in relation...
(1) Paragraph 44 applies where a company has an accounting...
(1) The amount of chargeable gains to be included in...
(1) This paragraph applies in relation to a non-UK resident...
(1) This sub-paragraph applies if— (a) a company has an...
In section 269ZF (relevant profits), after subsection (2) insert—
In section 269ZF, in subsection (3), for steps 3 to...
In section 269ZF(4) (calculation of modified total profits)—
After section 269ZW insert— Increase of deductions allowance for insolvent...
In section 269ZZ (company tax return to specify amount of...
Structures and buildings allowances
CAA 2001 is amended as follows.
Part 2A of CAA 2001 has effect, and is to...
In Part 2A (structures and buildings allowances), for section 270EC...
(1) Section 538A (contributions: buildings and structures) is amended as...
In section 270AA(2) (entitlement to structures and buildings allowances), at...
In section 270BB (capital expenditure incurred on construction), in subsection...
In section 270BL (apportionment of sums partly referable to non-qualifying...
In section 270IA (evidence of qualifying expenditure etc), in subsection...
The amendment made by paragraph 2 has effect in the...
The amendments made by paragraph 3 have effect in relation...
Non-UK resident companies carrying on UK property businesses etc
In section 301 of CTA 2009 (calculation of non-trading profits...
Schedule 5 to FA 2019 has effect as if the...
The amendments made by paragraphs 8 and 9 have effect...
In section 574 of CTA 2009 (derivative contracts: non-trading credits...
After section 330 of CTA 2009 insert— Pre-commencement debits of...
After section 607 of CTA 2009 insert— Debits referable to...
In paragraph 40 of Schedule 5 to FA 2019 (transitional...
In section 55A(1) of FA 2004 (exception to duty of...
In regulation 6A of the Loan Relationships and Derivative Contracts...
In paragraph 44 of Schedule 5 to FA 2019, at...
CT payment plans for tax on certain transactions with EEA residents
In TMA 1970, after section 59FA insert— CT payment plans...
After Schedule 3ZB to TMA 1970 insert— SCHEDULE 3ZC CT...
(1) Schedule 56 to FA 2009 (penalty for failure to...
(1) The amendments made by this Schedule—
(1) The Treasury may by regulations— (a) repeal section 59FB...
(1) References in this Schedule— (a) to the delivery of...
(1) At any time when an enquiry is in progress...
An officer of Revenue and Customs or the responsible member...
(1) While proceedings on a referral under paragraph 10 are...
(1) The determination of a question referred to the tribunal...
(1) An enquiry is completed when an officer of Revenue...
(1) The responsible member may apply to the tribunal for...
(1) An officer of Revenue and Customs may determine to...
(1) An HMRC determination has effect for enforcement purposes as...
(1) If, after an HMRC determination has been made, a...
(1) If, in respect of an accounting period of a...
(1) If a DST return has been delivered in respect...
(1) The general rule is that no discovery assessment may...
(1) Where notice of a discovery assessment is issued, the...
(1) This paragraph applies where, in relation to a group,...
(1) A claim under paragraph 24 may not be made—...
(1) If, or to the extent that, a claim under...
(1) An officer of Revenue and Customs may enquire into...
(1) An enquiry under paragraph 27 is completed when the...
(1) This paragraph applies where— (a) an amount has been...
(1) This paragraph applies where a DST return has been...
(1) This paragraph applies where— (a) an assessment has been...
(1) An amount assessed and notified under paragraph 29 or...
An assessment under paragraph 29 or 30 may not be...
(1) An appeal may be brought against—
(1) Notice of appeal under paragraph 33 must be given...
(1) This paragraph applies if notice of appeal has been...
(1) If the appellant notifies HMRC that it requires them...
(1) Sub-paragraphs (2) to (5) apply if HMRC notify the...
(1) If HMRC give notice of the conclusions of a...
(1) Where HMRC have notified an appellant under paragraph 37(1)(a)...
(1) Where HMRC have offered to review the matter to...
(1) In paragraphs 36 to 42— (a) “matter in question”...
(1) In relation to an appeal of which notice has...
(1) Where there is an appeal under paragraph 33, the...
(1) If the appellant has grounds for believing that the...
(1) If the appellant and HMRC agree that payment of...
(1) This paragraph applies where an appeal under paragraph 33...
(1) This paragraph applies where an appeal under paragraph 33...
(1) Where a party to an appeal to the tribunal...
The determination of the tribunal in relation to any proceedings...
(1) A person who is required to file a DST...
(1) A person who is required to file a DST...
(1) Liability to a penalty under paragraph 52 or 53...
(1) A person who fails to comply with paragraph 4...
(1) If a person is liable to a penalty under...
(1) If HMRC think it right because of special circumstances,...
A person may appeal against— (a) a decision of HMRC...
(1) Part 8 of this Schedule (apart from paragraphs 33,...
(1) An officer of Revenue and Customs may enquire into...
(1) This paragraph applies if— (a) a person liable to...
(1) An enquiry extends to anything contained in the return,...
(1) If at a time when an enquiry is in...
(1) This paragraph applies if a DST return is amended...
(1) This Schedule applies where a payment notice has been...
(1) For the purposes of the recovery from the recipient...
(1) The recipient may appeal against the notice, within the...
(1) If the recipient pays any amount in pursuance of...
Digital services tax: minor and consequential amendments
In section 1(1) of the Provisional Collection of Taxes Act...
(1) Section 178(2) of FA 1989 (setting of interest rates)...
(1) Schedule 24 to FA 2007 (penalties for errors) is...
FA 2008 is amended as follows.
(1) Schedule 36 (information and inspection powers) is amended as...
(1) Schedule 41 (penalties for failure to notify etc) is...
HODA 1979 is amended as follows.
In section 20AAA(4)(a) after “vehicle” insert “ or as fuel...
In section 24 (control of use of duty-free and rebated...
In section 27(1) at the appropriate place insert— “private pleasure...
(1) Schedule 4 (regulations under section 24) is amended as...
(1) Schedule 5 (sampling) is amended as follows.
In Schedule 7A to VATA 1994, in Group 1, in...
In Schedule 41 to FA 2008, in the table in...
In Schedule 9 to TCTA 2018, in paragraph 6 omit...
Paragraphs 1 to 17 of this Schedule come into force...
Different days may be appointed for different purposes or different...
In section 6AB(4A) after “vehicles” insert “ etc ”.
The Treasury may by regulations make such transitional, transitory or...
The Treasury may by regulations make such amendments of any...
A statutory instrument containing regulations under paragraph 21 is subject...
Any power to make regulations under this Schedule is exercisable...
(1) Section 12 is amended as follows.
In section 13ZB(5), in paragraph (b) of the definition of...
In section 14A for subsection (4) substitute—
(1) Section 14B is amended as follows.
(1) Section 14C is amended as follows.
For section 14E substitute— Restrictions on use of certain fuel...
Carbon emissions tax
Part 3 of FA 2019 (carbon emissions tax) is amended...
Paragraph 9 comes into force on such day as the...
(1) Section 73 (emissions allowance) is amended in accordance with...
In section 70 (charge to carbon emission tax), at the...
(1) Section 75 (power to make further provision about carbon...
In section 76 (consequential provision), in subsection (5), for the...
(1) Section 78 (regulations) is amended in accordance with this...
(1) Section 77 (interpretation) is amended in accordance with this...
(1) Section 79 (commencement and transitional provision) is amended in...
In Schedule 56 to FA 2009 (penalty for failure to...
Joint and several liability of company directors etc
(1) This Schedule provides for an individual to be jointly...
(1) HMRC must withdraw a joint liability notice given to...
(1) Where— (a) an individual is given a joint liability...
(1) An individual who has been given—
(1) On an appeal under paragraph 13—
(1) Where— (a) an individual is made jointly and severally...
Where an individual is given a notice under paragraph 5(1)...
(1) Where a joint liability notice is given to an...
(1) This paragraph has effect for the purposes of this...
In this Schedule— “authorised HMRC officer” means an officer of...
(1) An authorised HMRC officer may give a notice under...
(1) An authorised HMRC officer may give a notice under...
(1) The Treasury may by regulations made by statutory instrument—...
(1) An authorised HMRC officer may give a notice under...
(1) In this Schedule “tax-avoidance arrangements” means—
In this Schedule “tax-evasive conduct” means— (a) giving to HMRC...
(1) For the purposes of this Schedule a company is...
The amount for which an individual is jointly and severally...
Amendments relating to the operation of the GAAR
Part 5 of FA 2013 (the general anti-abuse rule) is...
The amendment made by paragraph 2 has effect in relation...
The amendment made by paragraph 3 has effect in relation...
The amendment made by paragraph 4 has effect in relation...
The amendment made by paragraph 6 does not affect the...
The amendment made by paragraph 9 has effect in relation...
In paragraphs 10 to 14 “the commencement date” means the...
In section 209 (counteracting the tax advantage), for subsection (6)...
After section 209 insert— Protective GAAR notices (1) An officer of Revenue and Customs may give a...
After section 209AA (as inserted by paragraph 3) insert— Adjustments...
After section 209AB (as inserted by paragraph 4) insert— Sections...
Omit sections 209A to 209F (provisional counteraction notices).
In section 214(1) (interpretation of Part 5 of FA 2013),...
In paragraph 11 of Schedule 43A (meaning of “equivalent arrangements”),...
In paragraph 5 of Schedule 43C (penalty under section 212A),...
Tax relief for scheme payments etc
(1) This Part of this Schedule provides for the following...
Exemption from income tax and capital gains tax
Power to make further provision
Regulations: general
Interpretation
(1) In this Schedule “qualifying payment” means a payment within...
(1) No liability to income tax arises in respect of...
(1) A gain accruing on a disposal is not a...
(1) This paragraph applies where a qualifying payment is at...
Introductory
Relevant compensation payments
Relevant onward payments
Exemption from corporation tax
(1) This paragraph applies if a person carrying on, or...
(1) Section 23 of ITA 2007 (calculation of income tax...
(1) This paragraph applies where a person liable to income...
(1) Section 7 of TMA 1970 (notice of liability to...
(1) This paragraph applies to a failure of a person...
(1) This paragraph applies to a failure to notify, under...
(1) This paragraph— (a) provides for an individual to be...
(1) This paragraph applies if a person who carried on...
(1) An amount of a coronavirus support payment made under...
(1) An amount of a coronavirus support payment that relates...
(1) Income tax is charged on an amount of a...
(1) Tax is charged on an amount of a coronavirus...
The Treasury may by regulations modify the application of any...
(1) A recipient of an amount of a coronavirus support...
(1) If an officer of Revenue and Customs considers (whether...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Check DST registration requirements (GOV.UK) (opens in a new tab) from HMRC Detailed Guidance
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
HM Revenue & Customs
Tax collection, customs duties, national insurance, tax credits, and enforcement of the National Minimum Wage. Regulates all UK businesses for tax compliance …
Explore more
Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.