UK Act of Parliament
2023
United Kingdom
Finance (No. 2) Act 2023 (made full expensing permanent)
At a glance
- obligations
- 22
- penalties
- 8
- can imprison
- 2
- guides
- 2
Enforced by
Source status
Primary legislation · United Kingdom · In force
Linked content
22 compliance obligations, 2 practical guides across 2 topics · 3 step-by-step journeys
Key facts and requirements
What this Act requires of businesses, grouped by the kind of obligation.
Management duties
- Determine if your business is liable for domestic top-up tax s.269
- HMRC may regulate alcohol wholesaling and impose wholesaler duties s.102
Notifications
- HMRC must assess and notify you of any alcohol duty shortfalls s.060
- Notify HMRC when paying the Electricity Generator Levy Unlimited fine s.304
Other requirements
- Do not dilute alcoholic products after the duty point to reduce tax s.087
- Do not mix alcoholic products unless an exemption applies 10 years imprisonment s.086
- HMRC must administer duty stamps for alcoholic liquors Unlimited fine s.112
- Only buy wholesale alcohol from approved UK or Isle of Man suppliers s.103
Payments and fees
- Calculate and apply the correct Small Producer Relief discount on alcohol duty s.059
- Calculate and pay Domestic Top-up Tax s.270
- Determine if you are liable for multinational top-up tax s.122
- HMRC may waive alcohol duty on spirits used in non-food goods s.079
- Pay alcohol duty on produced or imported alcoholic products s.047
Offences and prohibitions
- Fail to comply with denatured‑alcohol licence or regulations Unlimited fine s.093
- Repackage draught alcohol without proper duty compliance Unlimited fine s.053
- Use denatured alcohol for beverage or medicine Fine up to £1,000 s.097
Registration and licensing
- Apply for duty-free spirits for medical or scientific use Unlimited fine s.078
- HMRC must maintain a public register of approved alcohol wholesalers s.101
- Obtain approval before carrying out a controlled activity 7 years imprisonment s.100
- Register your multinational group for top-up tax and appoint a filing member s.014
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Relevant guidance
Practical guides for businesses affected by this Act.
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- How to work out your Alcohol Duty rates if you're eligible for Small Producer Relief Detailed Guidance
- Check if you're eligible for Small Producer Relief on Alcohol Duty Detailed Guidance
- The Alcohol Wholesaler Registration Scheme (AWRS) Detailed Guidance
- Apply for an Alcoholic Products Producer Approval (APPA) Detailed Guidance
- Check if you need an Alcoholic Products Producer Approval (APPA) Detailed Guidance
- Alcohol Duty Rates Detailed Guidance
- Reform of Alcohol Duty Rates and Reliefs Publication
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
HMRC
PrimaryHM Revenue & Customs
Tax collection, customs duties, national insurance, tax credits, and enforcement of the National Minimum Wage. Regulates all UK businesses for tax compliance …
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Regulators
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