| Guvnor

Enforced by: HMRC
Status: In Force
Penalty ceiling: Imprisonment 5 of 45 obligations carry an unlimited fine. 5 carry different penalties and 35 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person19 Director or Officer5 Trader4 Applicant1 Manufacturer1

Plus 15 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

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Applicant — also bound by 307 other Acts

Insolvency (England and Wales) Rules 2016 46 duties

Human Medicines Regulations 2012 42 duties

The Land Registration Rules 2003 25 duties

Regulation (EU) No 1178/2011 (Aircrew) 20 duties

Value Added Tax Regulations 1995 18 duties

Manufacturer — also bound by 502 other Acts

Pressure Equipment (Safety) Regulations 2016 93 duties

Measuring Instruments Regulations 2016 85 duties

Non-Automatic Weighing Instruments Regulations 2016 78 duties

Commission Delegated Regulation (EU) 2017/654 of 19 December 2016 supplementing Regulation (EU) 2016/1628 of the European Parliament and of the Council with regard to technical and general requirements relating to emission limits and type-approval for internal combustion engines for non-road mobile machinery 76 duties

Human Medicines Regulations 2012 75 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

Income tax, corporation tax and capital gains tax

0 of 43 sections shown

43 other sections in this Part — procedural and definitional

s.001 Income tax charge for tax year 2023-24

s.002 Main rates of income tax for tax year 2023-24

s.003 Default and savings rates of income tax for tax year 2023-24

s.004 Freezing starting rate limit for savings for tax year 2023-24

s.005 Charge and main rate for financial year 2024

s.006 Standard small profits rate and fraction for financial year 2024

s.007 Temporary full expensing etc for expenditure on plant or machinery

s.008 Annual investment allowance to remain at £1M beyond temporary period

s.009 First-year allowance for expenditure on electric vehicle charge points

s.010 Relief for research and development

s.011 Treatment of profits from patents etc: small profits rate of corporation tax

s.012 Energy (oil and gas) profits levy: de-carbonisation allowance

s.013 Museums and galleries exhibition tax relief: extension of sunset date

s.014 Extension of the temporary increase in theatre tax credit etc

s.015 Seed enterprise investment scheme: increase of limits etc.

s.016 CSOP schemes: share value limit and share class

s.017 Enterprise management incentives: restricted shares and declarations

s.018 Lifetime allowance charge abolished

s.019 Certain lump sums to be taxed at marginal rate

s.020 Annual allowance increased

s.021 Money purchase annual allowance

s.022 Annual allowance: tapering

s.023 Modification of certain existing transitional protections

s.024 Collective money purchase arrangements

s.025 Relief relating to net pay arrangements

s.026 Payments under Jobs Growth Wales Plus

s.027 Power to clarify tax treatment of devolved social security benefits

s.028 Qualifying care relief: increase in individual’s limit

s.029 Estates in administration and trusts

s.030 Transfer of basic life assurance and general annuity business

s.031 Certain re-insurance sums not to count as deemed I-E receipts

s.032 Insurers in difficulties: write-down orders for corporation tax purposes

s.033 Insurers in difficulties: write-down orders in case of pension schemes

s.034 Corporate interest restriction

s.035 Investment vehicles

s.036 Share exchanges involving non-UK incorporated close companies

s.037 Records relating to transfer pricing

s.038 Double taxation relief: foreign nominal rates

s.039 Payments to farmers under the lump sum exit scheme etc

s.040 Contracts completed after ordinary notification period

s.041 Separated spouses and civil partners

s.042 Carried interest: election to pay tax as scheme profits arise

s.043 Relief on disposal of joint interests in land

Part 2

Alcohol Duty

31 of 77 sections shown

s.047 Alcohol duty: charge Regulated

Pay alcohol duty on produced or imported alcoholic productsTrader

s.053 Repackaging in contravention of section 52 (2) Prosecution

Repackage draught alcohol without proper duty complianceAny Person

Unlimited fine

s.059 Duty discount for small producer alcoholic products Regulated

Calculate and apply the correct Small Producer Relief discount on alcohol dutyManufacturer

s.060 Assessments where incorrectly low rate of alcohol duty applied Regulated

Other duties (1) — Crown / regulator

HMRC must assess and notify you of any alcohol duty shortfallsStatutory regulator

s.078 Authorised use for certain purposes Prosecution

Apply for duty-free spirits for medical or scientific useAny Person

Unlimited fine

s.079 Imported goods not for human consumption Regulated

Other duties (1) — Crown / regulator

HMRC may waive alcohol duty on spirits used in non-food goodsStatutory regulator

s.086 Mixing alcoholic products Imprisonment

Do not mix alcoholic products unless an exemption appliesAny Person

s.087 Post-duty point dilution of alcoholic products Regulated

Do not dilute alcoholic products after the duty point to reduce taxAny Person

s.093 Penalties and forfeiture Prosecution

Fail to comply with denatured‑alcohol licence or regulationsAny Person

Unlimited fine

s.097 Prohibition of use of denatured alcohol etc as beverage or medicine Prosecution

Use denatured alcohol for beverage or medicineAny Person

Fine up to £1,000

s.100 Approval to carry on controlled activity Imprisonment

Obtain approval before carrying out a controlled activityAny Person

7 years imprisonment · amended 2 times (opens in a new tab)

s.101 The register of approved wholesalers Regulated

Other duties (1) — Crown / regulator

HMRC must maintain a public register of approved alcohol wholesalersStatutory regulator

amended 2 times (opens in a new tab)

s.102 Regulations relating to approval, registration and controlled activities Regulated

Other duties (1) — Crown / regulator

HMRC may regulate alcohol wholesaling and impose wholesaler dutiesStatutory regulator

amended 2 times (opens in a new tab)

s.103 Restriction on buying controlled alcoholic products wholesale Regulated

Only buy wholesale alcohol from approved UK or Isle of Man suppliersAny Person

amended 2 times (opens in a new tab)

s.104 Offences

amended 2 times (opens in a new tab)

s.105 Penalties Imprisonment

Violate alcohol wholesaling regulationsAny Person

7 years imprisonment · amended 2 times (opens in a new tab)

s.106 Groups

amended 2 times (opens in a new tab)

s.107 Index of defined expressions: Chapter 7

amended 2 times (opens in a new tab)

s.108 Reviews and appeals

amended 2 times (opens in a new tab)

s.109 Forfeiture: supplementary provision

amended 2 times (opens in a new tab)

s.110 Removal of goods: application of section 95 of CEMA 1979

amended 2 times (opens in a new tab)

s.111 Drawback

amended 2 times (opens in a new tab)

s.112 Duty stamps

amended 3 times (opens in a new tab)

s.113 Repeals

amended 2 times (opens in a new tab)

s.114 Minor and consequential amendments

amended 2 times (opens in a new tab)

s.115 Temporary provision: wine

amended 2 times (opens in a new tab)

s.116 Temporary provision: cider

amended 2 times (opens in a new tab)

s.117 Interpretation of this Part

amended 1 time (opens in a new tab)

s.118 Regulations: supplementary and general

amended 1 time (opens in a new tab)

s.119 Regulations: procedure

amended 4 times (opens in a new tab)

s.120 Commencement

amended 1 time (opens in a new tab)

46 other sections in this Part — procedural and definitional

s.044 Meaning of “alcoholic product”

s.045 Alcoholic strength

s.046 Categories of alcoholic products: regulations

s.048 Rates

s.049 Excise duty point and payment

s.050 Qualifying draught products: reduced rates

s.051 Alcoholic products qualifying for draught relief

s.052 Repackaging qualifying draught products

s.054 Small producer relief: discounted rates

s.055 Small producer alcoholic products

s.056 Small production premises

s.057 “Alcohol production amount” etc

s.058 Exclusions

s.061 Mergers: general provisions

s.062 Modified “small production premises” test

s.063 Modified duty discount

s.064 Adjusted post-merger amount

s.065 Early termination of merger transition period

s.066 Subsequent mergers

s.067 Simultaneous mergers

s.068 Demergers

s.069 “Producer”, “production premises”, “group premises” etc

s.070 Connected persons

s.071 Index of defined expressions: Chapter 3

s.072 Exemption: production for personal consumption

s.073 Research and experiments

s.074 Spoilt alcoholic products

s.075 Alcoholic ingredients

s.076 Imported medical articles

s.077 Flavourings

s.080 Restrictions on use of certain articles

s.081 Further provision about remission and repayment

s.082 Approval requirement: producers

s.083 Supplementary provision about approvals

s.084 Exemption: production for personal consumption

s.085 Exemption: research and experiments

s.088 Alcoholic products regulations

s.089 Penalties and forfeiture

s.090 Denatured alcohol

s.091 Licence to manufacture and deal wholesale in denatured alcohol

s.092 Regulations relating to denatured alcohol

s.094 Defaults in respect of denatured alcohol: possession of excess alcoholic products

s.095 Defaults in respect of denatured alcohol: supply and use of denatured alcohol

s.096 Inspection of premises etc

s.098 Definitions

s.099 Further provision relating to definitions

Part 3

Multinational top-up tax

121 of 180 sections shown

s.121 Introduction to multinational top-up tax

amended 2 times (opens in a new tab)

s.122 Chargeable persons Regulated

Determine if you are liable for multinational top-up taxAny Person

amended 6 times (opens in a new tab)

s.123 Charge to multinational top-up tax

amended 2 times (opens in a new tab)

s.124 How to calculate top-up amounts etc

amended 2 times (opens in a new tab)

s.127 Excluded entities

amended 6 times (opens in a new tab)

s.128 Responsible members

amended 16 times (opens in a new tab)

s.130 Change in composition of multinational group

amended 2 times (opens in a new tab)

s.131 Whether de-merged groups meet the revenue threshold

amended 4 times (opens in a new tab)

s.132 Effective tax rate

amended 2 times (opens in a new tab)

s.135 Underlying profits of permanent establishments

amended 2 times (opens in a new tab)

s.138 Profits adjusted to be before tax

amended 1 time (opens in a new tab)

s.140 Profits adjusted to be profits before certain purchase accounting adjustments

amended 3 times (opens in a new tab)

s.141 General exclusion of dividends

amended 1 time (opens in a new tab)

s.142 Excluded equity gain or loss

amended 1 time (opens in a new tab)

s.144 Adjustments for asymmetric foreign currency income and losses

amended 1 time (opens in a new tab)

s.146 Adjustment for changes in accounting policies and prior period errors

amended 1 time (opens in a new tab)

s.147 Accrued pension expense

amended 1 time (opens in a new tab)

s.147 Treatment of tax credits

amended 1 time

s.148 Meaning of qualifying refundable tax credits

amended 2 times (opens in a new tab)

s.148 Transferable tax credits

amended 2 times

s.148 Value of marketable transferable tax credits: originator

amended 2 times

s.148 Value of marketable transferable tax credits: purchaser

amended 2 times

s.149 Arm’s length requirement for certain transactions

amended 1 time (opens in a new tab)

s.150 Transactions between members of a multinational group: differences with accounting for tax

amended 3 times (opens in a new tab)

s.150 Instruments held intragroup: issuer’s accounting treatment to prevail

amended 3 times

s.151 Adjustments for companies in distress

amended 8 times (opens in a new tab)

s.152 Adjustments where life assurance business carried on

amended 2 times (opens in a new tab)

s.153 Exclusion of certain insurance reserve movement expense

amended 1 time (opens in a new tab)

s.155 Qualifying tier one capital

amended 1 time (opens in a new tab)

s.159 Permanent establishment income and expense attribution

amended 8 times (opens in a new tab)

s.163 Election to spread certain capital gains over five years

amended 4 times (opens in a new tab)

s.165 Election to have excluded equity gains and losses included

amended 4 times (opens in a new tab)

s.168 Underlying profits of transparent ... entities

amended 21 times (opens in a new tab)

s.169 Certain non tax resident entities to be treated as flow-through entities

amended 3 times (opens in a new tab)

s.170 Adjustments for ultimate parent that is a flow-through entity

amended 9 times (opens in a new tab)

s.171 Ultimate parent subject to qualifying dividend regime

amended 2 times (opens in a new tab)

s.173 Covered taxes

amended 1 time (opens in a new tab)

s.174 Amount of covered tax balance

amended 3 times (opens in a new tab)

s.175 Amounts excluded from qualifying current tax expense

amended 2 times (opens in a new tab)

s.176 Amounts to be reflected in qualifying current tax expense

amended 3 times (opens in a new tab)

s.176 Meaning of “non-marketable transferable tax credits”

amended 3 times

s.176 Value of non-marketable transferable tax credits: originator

amended 3 times

s.176 Value of non-marketable transferable tax credits: purchaser

amended 3 times

s.176 Tax credits etc allocated under tax equity partnerships

amended 3 times

s.176 Flow-through tax benefits: proportional amortisation method

amended 3 times

s.176 Flow-through tax benefits: subtraction method

amended 3 times

s.176 Clawback of earlier qualifying flow-through tax benefits

amended 3 times

s.177 Permanent establishments

amended 1 time (opens in a new tab)

s.178 Reallocation of tax expense

amended 10 times (opens in a new tab)

s.179 Controlled foreign company tax regimes

amended 5 times (opens in a new tab)

s.180 Blended CFC regimes

amended 18 times (opens in a new tab)

s.180 Section 180: further provision

amended 18 times

s.182 Total deferred tax adjustment amount

amended 4 times (opens in a new tab)

s.183 Qualifying foreign tax credits (substitute loss carry forward assets)

amended 7 times (opens in a new tab)

s.183 Alternative to section 183 where carry forward of credits not permitted

amended 7 times

s.185 Inclusion of existing deferred tax assets and liabilities on entry into regime

amended 7 times (opens in a new tab)

s.186 Deferred tax assets recorded at less than minimum rate

amended 2 times (opens in a new tab)

s.187 Election for losses to be treated as special loss deferred tax assets

amended 2 times (opens in a new tab)

s.194 Total top-up amount for a territory

amended 2 times (opens in a new tab)

s.195 Substance based income exclusion

amended 5 times (opens in a new tab)

s.196 Eligible payroll costs

amended 8 times (opens in a new tab)

s.197 Eligible tangible asset amount

amended 15 times (opens in a new tab)

s.197 Operating leases

amended 15 times

s.199 Election to treat certain top-up amounts as nil

amended 9 times (opens in a new tab)

s.201 Inclusion ratio

amended 5 times (opens in a new tab)

s.203 Additional top-up amounts where covered taxes less than expected

amended 4 times (opens in a new tab)

s.205 Election to carry forward and reduce collective additional amount

amended 5 times (opens in a new tab)

s.206 Additional top-up amounts where recalculations required

amended 29 times (opens in a new tab)

s.210 Transfer of assets or liabilities from a member of a multinational group

amended 1 time (opens in a new tab)

s.211 Transfer of assets or liabilities to a member of a multinational group

amended 4 times (opens in a new tab)

s.212 Meaning of “qualifying reorganisation”

amended 1 time (opens in a new tab)

s.213 Investment entity tax transparency election

amended 1 time (opens in a new tab)

s.215 Undistributed income amount

amended 1 time (opens in a new tab)

s.216 Election where assets and liabilities adjusted to fair value for tax purposes

amended 1 time (opens in a new tab)

s.217 Post filing adjustments of covered taxes

amended 12 times (opens in a new tab)

s.220 Top-up amount of investment entity

amended 4 times (opens in a new tab)

s.221 Substance based income exclusion for investment entity

amended 1 time (opens in a new tab)

s.222 Investment entity effective tax rate

amended 1 time (opens in a new tab)

s.223 Adjustments

amended 6 times (opens in a new tab)

s.226 Joint venture group

amended 5 times (opens in a new tab)

s.227 Application of Part to joint venture groups

amended 9 times (opens in a new tab)

s.228 Minority owned members

amended 1 time (opens in a new tab)

s.229 Multi-parent groups

amended 1 time (opens in a new tab)

s.229 Meaning of potentially undertaxed

amended 1 time

s.229 Untaxed amounts

amended 1 time

s.229 Allocation of untaxed amount to members

amended 1 time

s.229 Amount allocated to the United Kingdom

amended 1 time

s.229 Allocation to qualifying members

amended 1 time

s.229 Election to make one member of a group liable for untaxed amounts

amended 1 time

s.229 Number of employees

amended 1 time

s.229 Value of tangible fixed assets

amended 1 time

s.229 Joint ventures

amended 1 time

s.229 References to responsible members

amended 1 time

s.231 Meaning of entity

amended 5 times (opens in a new tab)

s.232 Permanent establishments treated as entities

amended 12 times (opens in a new tab)

s.232 Partnerships

amended 12 times

s.232 Legal main entity distinct from main entity

amended 12 times

s.235 Pension funds and pension services entities

amended 1 time (opens in a new tab)

s.236 Investment funds and investment entities

amended 4 times (opens in a new tab)

s.237 Intermediate and partially-owned parent members

amended 2 times (opens in a new tab)

s.238 Tax transparency of entities

amended 2 times (opens in a new tab)

s.239 Location of entities

amended 4 times (opens in a new tab)

s.240 Location of flow-through entities and permanent establishments

amended 3 times (opens in a new tab)

s.241 Pillar Two territories

amended 12 times (opens in a new tab)

s.242 Ownership interests and controlling interests

amended 2 times (opens in a new tab)

s.244 Calculating percentage ownership interests of a class

amended 1 time (opens in a new tab)

s.245 Calculating percentage ownership interests: excluded entities

amended 1 time (opens in a new tab)

s.246 Calculating percentage direct and indirect ownership interests

amended 1 time (opens in a new tab)

s.247 Timing of transfers of interests

amended 1 time (opens in a new tab)

s.248 Exclusion of indirect interests held through ultimate parent

amended 1 time (opens in a new tab)

s.249 Consolidated financial statements

amended 2 times (opens in a new tab)

s.252 Application to sovereign wealth funds

amended 1 time (opens in a new tab)

s.253 Disqualified and qualified refundable imputation taxes

amended 5 times (opens in a new tab)

s.254 Use of currency

amended 2 times (opens in a new tab)

s.255 Pillar Two rules

amended 5 times (opens in a new tab)

s.256 Qualifying domestic top-up tax

amended 11 times (opens in a new tab)

s.256 Qualifying domestic top-up tax treated as not accruing where contested etc

amended 11 times

s.257 Qualifying undertaxed profits tax

amended 3 times (opens in a new tab)

s.259 Other definitions

amended 3 times (opens in a new tab)

s.260 Transitional provision and safe harbours

amended 1 time (opens in a new tab)

s.262 Power to amend to ensure consistency with Pillar Two

amended 2 times (opens in a new tab)

59 other sections in this Part — procedural and definitional

s.125 Administration of multinational top-up tax

s.126 Meaning of “multinational group” and “ultimate parent”

s.129 Qualifying multinational groups

s.133 Adjusted profits of a member of a multinational group

s.134 Underlying profits as determined for statements of ultimate parent

s.136 Underlying profits accounts

s.137 No amounts outside of profit and loss account to be included

s.137 Use of substituted values

s.139 Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions

s.143 Included revaluation method gain or loss

s.145 Exclusion of expenses for illegal payments, fines and penalties

s.154 Exclusion of qualifying intra-group financing arrangement expenses

s.156 Exclusion of international shipping profits

s.157 Core international shipping profits

s.158 Ancillary international shipping profits

s.160 Attribution of losses between permanent establishment and main entity

s.161 Election to use realisation principle

s.162 Election to reflect deductions for stock-based compensation

s.164 Election to exclude intra-group transactions

s.166 Election in relation to hedging currency risk in ownership interests

s.167 Underlying profits of hybrids

s.172 Application of section 171 to members in the same territory as the ultimate parent

s.181 Distributions from other members of a group

s.181 Cross-border allocation of current tax under cross-crediting regime

s.181 Cross-border allocation of deferred tax assets and liabilities

s.184 Recaptured deferred tax liabilities

s.188 Further provision about elections under section 187

s.189 Deemed distribution tax election

s.190 Deemed distribution tax amount

s.191 Reduction of recapture amount

s.192 Recalculation where member leaves the group

s.193 Calculation of top-up amounts

s.198 Eligible payroll costs and eligible tangible asset amount: permanent establishments

s.198 Power to make provision about treatment of payroll costs and assets

s.198 Eligible payroll costs: flow-through entities

s.198 Eligible tangible asset amount: flow-through entities

s.198 Eligible payroll costs and eligible tangible asset amount: flow-through ultimate parent

s.200 Top-up amounts multiplied by inclusion ratio

s.202 Covered taxes balance less than nil when members in a territory have a profit

s.204 Allocation of collective additional amount under section 203 to members

s.207 Allocation of collective additional amounts under section 206 to members

s.208 Member joining or leaving multinational group

s.209 When transfer of controlling interest treated as acquisition of assets and liabilities

s.214 Taxable distribution method election

s.218 Effect of rate changes to deferred tax expense

s.219 Adjustment where covered taxes not paid

s.224 Additional top-up amounts of investment entities

s.225 Attribution of top-up amounts and additional top-up amounts to responsible member

s.230 Meaning of terms and concepts used in this Part

s.233 Treatment of protected cell companies

s.234 Governmental, international and non-profit entities

s.243 Calculating percentage ownership interests of a specific entity or individual

s.250 Acceptable accounting standards

s.251 Accounting periods

s.251 Meaning of country-by-country report

s.258 Meaning of “connected”

s.261 Index of defined expressions

s.263 Regulations

s.264 Multinational top-up tax to apply from 31 December 2023

Part 4

Domestic top-up tax

14 of 20 sections shown

s.266 Qualifying entities

amended 4 times (opens in a new tab)

s.267 DTT excluded entities

amended 11 times (opens in a new tab)

s.267 Securitisation companies in a group treated as not consolidated

amended 11 times

s.269 Chargeable persons Regulated

Determine if your business is liable for domestic top-up taxAny Person

amended 2 times (opens in a new tab)

s.270 Amount charged Regulated

Calculate and pay Domestic Top-up TaxAny Person

amended 4 times (opens in a new tab)

s.271 Election to make one member of a group liable for amounts charged

amended 3 times (opens in a new tab)

s.272 Determining top-up amounts of entity that is a member of a group

amended 13 times (opens in a new tab)

s.272 Treatment of covered bond vehicles

amended 13 times

s.273 Determining top-up amounts of entity that is not a member of a group

amended 7 times (opens in a new tab)

s.273 References to Pillar Two rules

amended 7 times

s.273 Effect of becoming subject to Pillar Two rules

amended 7 times

s.273 Dividends from protected cell companies

amended 7 times

s.274 Application of section 262

amended 1 time (opens in a new tab)

s.276 Application of transitional provision

amended 4 times (opens in a new tab)

6 other sections in this Part — procedural and definitional

s.265 Introduction to domestic top-up tax

s.268 Permanent establishments

s.268 Partnerships

s.275 Application of Schedule 14

s.277 Index of defined expressions

s.278 Domestic top-up tax to apply from 31 December 2023

Part 5

Electricity generator levy

4 of 36 sections shown

s.280 Key concepts (generating undertaking etc)

amended 2 times (opens in a new tab)

s.289 Liability of members of groups Regulated

Pay the Electricity Generator Levy for all group membersAny Person

s.304 Requirement to provide information about payments Prosecution

Notify HMRC when paying the Electricity Generator LevyTrader

Unlimited fine

s.313 Definitions in this Part

amended 1 time (opens in a new tab)

32 other sections in this Part — procedural and definitional

s.279 Charge on exceptional generation receipts

s.281 Benchmark amount

s.282 Attribution of generation

s.283 Generation receipts

s.284 Allowable costs

s.285 Exceptional generation fuel costs

s.286 Exceptional revenue sharing costs

s.287 Groups

s.288 Lead member of a group and its qualifying periods

s.290 Election for members with significant minority shareholding to pay levy

s.291 Qualifying partnerships

s.292 Qualifying joint ventures

s.293 Non-chargeable amounts of joint venture to be attributed to participants

s.294 Generation acquired and supplied by JV participants

s.295 Arrangements that reflect receipts (JV participants)

s.296 Generation acquired and supplied by significant minority shareholders

s.297 Arrangements that reflect receipts (significant minority shareholders)

s.298 Surrender of shortfalls

s.299 Amount that may be surrendered and use of that amount

s.300 Election to treat certain companies as transparent

s.301 Effect of company being transparent

s.302 General application of corporation tax administration

s.303 Company tax returns

s.305 Claims to shortfall amounts

s.306 Application of Part 5A of TMA 1970 and Instalment Payments Regulations

s.307 Application of Part 5 of CTA 2010 for the purposes of determining interests

s.308 Anti-avoidance

s.309 Information sharing

s.310 Interaction of electricity generator levy with corporation tax

s.311 Regulations under this Part

s.311 Meaning of “qualifying new generating plant”

s.312 Minor definitions relating to electricity market

Part 6

Other taxes

1 of 17 sections shown

s.326 End of exempt period for HGV road user levy Prosecution

Use or keep an HGV without paying the road user levyAny Person

Unlimited fine

16 other sections in this Part — procedural and definitional

s.314 Transactions funded with the assistance of a public subsidy

s.315 Deposit schemes

s.316 Dumping, subsidisation and safeguarding remedies

s.317 Rulings as to method of valuation of goods

s.318 Discharging goods from free-circulation procedure subject to guarantee

s.319 Excepted machines etc

s.320 Rates of tobacco products duty

s.321 Flavour concentrates

s.322 New bands and rates

s.323 Northern Ireland rates

s.324 Rates of vehicle excise duty

s.325 Reform of HGV road user levy

s.327 Rates of landfill tax

s.328 Rates of climate change levy

s.329 Rate of plastic packaging tax

s.330 Aggregates levy: exemptions and exploitation

Part 7

Miscellaneous and final

1 of 24 sections shown

s.349 International arrangements for exchanging information

amended 3 times (opens in a new tab)

23 other sections in this Part — procedural and definitional

s.331 Designation of sites

s.332 Sunset date for reliefs

s.333 Right to repayment of income tax to be inalienable

s.334 Late payment interest on value added tax

s.335 Penalties for failure to pay value added tax

s.336 VAT credits: repayment interest due where evidence not provided

s.337 Insurance premium tax: power to make regulations about notifications

s.338 Penalties for failure to make payments of plastic packaging tax on time

s.339 Approval of aerodromes

s.340 Approved aerodromes: minor and consequential amendments

s.341 Temporary approvals etc

s.342 Licensing authorities: requirements to give or obtain tax information

s.343 Section 342 : consequential amendments

s.344 Definition of “charity” restricted to UK charities

s.345 Definition of “community amateur sports club” restricted to UK clubs

s.346 Exemptions from tax

s.347 Abolition of the Office of Tax Simplification

s.348 Pension benefits and inheritance tax

s.350 Payment of unclaimed money in court into the Consolidated Fund

s.351 Financial sanctions regulations: prohibition on certain payments by HMRC

s.352 Communications data

s.353 Interpretation

s.354 Short title

Schedules

24 of 378 shown

s.007 Rates of alcohol duty Regulated

Pay the correct rate of alcohol duty based on product type and strengthTrader

s.014 Administration of multinational top-up tax Regulated

s.sch001 Power of HMRC to remove R&D claims made in error from return Regulated

Other duties (1) — Crown / regulator

HMRC must consider objections to R&D claim removals within 90 daysCrown / Minister / Government department

s.sch014 (1) The filing member of a registered group must submit... Regulated

Submit information return to HMRC for qualifying multinational groupAny Person

s.sch014 (1) The filing member of a registered group must submit... Regulated

Submit self-assessment return for multinational top-up tax unless below-thresholdDirector or Officer

s.sch014 (1) The filing member of a multinational group is the... Regulated

Appoint a filing member for your multinational groupAny Person

s.sch014 (1) Any matter to which an enquiry into a return... Regulated

Other duties (1) — Crown / regulator

HMRC must issue closure notices when completing an enquiry into a returnStatutory regulator

s.sch014 (1) An officer of Revenue and Customs may make a... Regulated

Other duties (1) — Crown / regulator

HMRC may determine tax liability for unregistered groups or missing returnsStatutory regulator

s.sch014 (1) The officer of Revenue and Customs must give notice... Regulated

Other duties (1) — Crown / regulator

HMRC must give notice of discovery assessment with full detailsStatutory regulator

s.sch014 (1) The filing member of the group must— Regulated

Keep and preserve group tax records for at least 9 yearsDirector or Officer

s.sch014 Appeals of decisions: general Regulated

Follow appeal procedure when challenging HMRC full expensing decisionsApplicant

s.sch014 (1) The review is to be conducted as follows. Regulated

Other duties (1) — Crown / regulator

HMRC must review tax decisions within 30 days when you appealStatutory regulator

s.sch014 (1) The filing member of a multinational group must register... Regulated

Filing member must register multinational group with HMRCAny Person

s.sch014 (1) This paragraph applies where the filing member of a... Regulated

Notify HMRC when the filing member of a VAT group changesDirector or Officer

s.sch014 (1) The filing member of a registered group must notify... Regulated

Notify HMRC of changes to group information within 6 monthsDirector or Officer

s.sch018 Registration Regulated

s.sch019 Revocation in the public interest Regulated

Other duties (1) — Crown / regulator

Secretary of State may revoke trade remedies in the public interestCrown / Minister / Government department

s.sch019 Power to request assistance etc Regulated

Other duties (1) — Crown / regulator

Secretary of State must consult TRA before requesting assistanceCrown / Minister / Government department

s.sch019 Notification etc Regulated

Other duties (1) — Crown / regulator

TRA must notify Secretary of State of dumping investigation applicationsCrown / Minister / Government department

s.sch019 Revocation in the public interest Regulated

Other duties (1) — Crown / regulator

Secretary of State must follow procedure when revoking trade duties in public interestCrown / Minister / Government department

s.sch019 Power to request assistance etc Regulated

Other duties (1) — Crown / regulator

TRA must provide advice, information or support when the Secretary of State requests itCrown / Minister / Government department

s.sch019 Notification etc Regulated

Other duties (1) — Crown / regulator

TRA must notify Secretary of State of proposed final safeguard determinations and wait 21 daysStatutory regulator

s.sch022 In section 11 (offence of using or keeping heavy goods... Regulated

Use or keep a heavy goods vehicle without paying HGV road user levyAny Person

s.sch024 Stamp duty land tax Regulated

Ignore Ukraine sponsorship occupation when claiming SDLT reliefTrader

354 other schedules

s.001 Relief for research and development

s.004 Investment vehicles

s.010 Penalties for contraventions of alcohol wholesaling provisions

s.012 Alcohol duty: duty stamps

s.016 Multinational top-up tax: transitional provision

s.018 Administration of domestic top-up tax

s.020 Bilateral safeguarding remedies

s.022 Reforms of HGV road user levy

s.024 Homes for Ukraine Sponsorship Scheme: exemptions from tax

s.sch001 Requirement to make claim notifications in relation to certain R&D claims

s.sch001 Introduction

s.sch001 Power of HMRC to collect overpaid R&D tax relief or expenditure credit

s.sch001 Time limits for R&D claims

s.sch001 Requirement to provide additional information in relation to R&D claims

s.sch001 Amendment of CTA 2009

s.sch001 R&D tax relief: circumstances in which enterprises are treated as SMEs

s.sch001 Accounts treated as prepared on going concern basis

s.sch001 Meaning of expenditure incurred on payments

s.sch001 The amendment made by paragraph 13 of this Schedule has...

s.sch001 (1) Part 13 of CTA 2009 (additional relief for expenditure...

s.sch001 The amendments made by the remaining provisions of this Schedule...

s.sch001 Relief for R&D expenditure on data and cloud computing

s.sch001 Relief for R&D expenditure on data and cloud computing: consequential amendments

s.sch001 In Chapter 6A of Part 3 (trade profits: R&D expenditure...

s.sch001 In Part 13 (additional relief for expenditure on R&D)—

s.sch001 In Schedule 2 (transitionals and savings), in Part 15 (research...

s.sch001 In Schedule 4 (index of defined expressions), in both places...

s.sch001 In section 357BLB of CTA 2010 (qualifying expenditure on relevant...

s.sch002 Estates in administration and trusts

s.sch002 The applicable rate for grossing up basic amounts of estate income

s.sch002 Low income estates and trusts: tax liability of personal representatives and trustees

s.sch002 Low income estates: tax liability of beneficiaries

s.sch002 (1) ITA 2007 is amended as follows.

s.sch002 (1) The amendments made by this Schedule have effect as...

s.sch002 The applicable rate for grossing up for determining shares in an estate in the final tax year

s.sch002 Income from stock dividends etc treated as bearing income tax at 0%

s.sch002 Income treated as dividend income and savings income

s.sch002 Order in which basic amounts are treated as paid from aggregate income

s.sch002 The applicable rate for grossing up basic amounts of estate income

s.sch002 The applicable rate for grossing up for determining shares in an estate in the final tax year

s.sch002 Income from stock dividends etc treated as bearing income tax at 0%

s.sch002 Order in which basic amounts are treated as paid from aggregate income

s.sch003 Corporate interest restriction etc.

s.sch003 Introduction

s.sch003 Qualifying net group-interest expense: meaning of “equity notes”

s.sch003 In section 415 (qualifying net group-interest expense: interpretation), for subsection...

s.sch003 Capitalised interest brought into account for tax purposes in accordance with GAAP

s.sch003 Interest allowance (non-consolidated investment) election: “non-consolidated associate”

s.sch003 Public infrastructure

s.sch003 (1) Section 436 (meaning of “qualifying infrastructure activity”) is amended...

s.sch003 After section 438 insert— Application of section 438: certain creditors...

s.sch003 Partnerships and other transparent entities

s.sch003 Investments held by investment managers

s.sch003 Determining the worldwide group: “non-consolidated subsidiary” and “consolidated subsidiary”

s.sch003 Tax-interest expense amounts of a company: charities

s.sch003 Appointment of a reporting company by Revenue and Customs

s.sch003 Revised interest restriction return

s.sch003 (1) Paragraph 29 of Schedule 7A (penalty for failure to...

s.sch003 Enquiry into interest restriction return

s.sch003 Determinations by officers of Revenue and Customs

s.sch003 Consequential claims to company tax returns

s.sch003 Penalties for errors: CIR alterations to be ignored in calculating potential lost revenue

s.sch003 Disapplication of carry forward rule for deficits

s.sch003 Defined expressions used in Part 10 of TIOPA 2010: “insurance company”

s.sch003 Determining the worldwide group: consequential amendment

s.sch003 First period of account where new holding company

s.sch003 Except as provided in paragraphs 31 to 35, the amendments...

s.sch003 The amendments made by paragraph 5(1) and (3) have effect...

s.sch003 (1) The amendments made by paragraph 8 have effect for...

s.sch003 The amendments made by paragraph 9 have effect for periods...

s.sch003 The amendments made by paragraphs 2, 14 to 16, and...

s.sch003 The amendment made by paragraph 20 has effect in relation...

s.sch003 References in this Part of this Schedule to periods of...

s.sch003 This Part of this Schedule applies if—

s.sch003 (1) Part 7 of TIOPA 2010 has effect in relation...

s.sch003 For the purposes of this Part (and of the application...

s.sch003 In section 400A (carry forward of excess debt cap: new...

s.sch003 (1) References in this Part to any provision of Part...

s.sch003 Amounts not brought into account in determining a company’s tax-EBITDA

s.sch003 “Relevant expense amount” and “relevant income amount”

s.sch003 In section 412 (interpretation of section 411), in subsection (7),...

s.sch003 Adjusted net group-interest expense: debits referable to times before UK property business etc carried on

s.sch003 Adjusted net group-interest expense: debits in respect of pre-trading expenditure

s.sch004 Genuine diversity of ownership

s.sch004 Determining relevant interests

s.sch004 Dealing with bodies corporate without share capital

s.sch004 Genuine diversity of ownership

s.sch004 Investment strategy condition

s.sch004 Disposal of derivatives where underlying subject matter is shares

s.sch004 Alternative finance arrangements

s.sch004 Amendment of CTA 2010

s.sch004 REITs involving single commercial property

s.sch004 3-year development rule

s.sch004 Genuine diversity of ownership

s.sch004 Amendment of the Real Estate Investment Trusts (Assessment and Recovery of Tax) Regulations 2006

s.sch004 Amendment of Schedule 2 to FA 2022

s.sch004 Securitisation companies unable to be QAHCs

s.sch004 Beneficial entitlement held only through QAHCs

s.sch005 Records relating to transfer pricing

s.sch005 Records to be kept for the purposes of corporation tax

s.sch005 Assessments relating to corporation tax

s.sch005 Records to be kept for the purposes of income tax

s.sch005 Assessments relating to income tax

s.sch005 Penalties for errors

s.sch005 Information and inspection powers

s.sch005 Regulations made under— (a) paragraph 21 of Schedule 18 to...

s.sch006 Categories of alcoholic products: interpretation

s.sch006 Spirits

s.sch006 “Still cider” means cider that is not sparkling cider.

s.sch006 Wine

s.sch006 Other fermented products

s.sch006 The extraction of spirits absorbed in a wooden cask is...

s.sch006 Beer

s.sch006 (1) A qualifying beer-based beverage is treated as beer for...

s.sch006 Cider

s.sch006 In paragraph 5, “permitted substance” means a substance that—

s.sch006 (1) For the purposes of paragraph 5, the juice content...

s.sch006 (1) “Sparkling cider” means cider which— (a) if it is...

s.sch006 Rendering cider sparkling, at any time after the excise duty...

s.sch008 Qualifying draught products: reduced rates

s.sch009 Small producer alcoholic products: duty discount

s.sch010 Liability to penalty

s.sch010 The maximum amount

s.sch010 Appeal tribunal

s.sch010 Amount of penalty

s.sch010 Reductions for disclosure

s.sch010 (1) Where P discloses a contravention, the Commissioners must reduce...

s.sch010 Special reduction

s.sch010 Assessment

s.sch010 Reasonable excuse

s.sch010 Companies: officer’s liability

s.sch010 Double jeopardy

s.sch011 Alcohol duty: reviews and appeals

s.sch011 (1) Section 13A(2) of FA 1994 (meaning of “relevant decision”)...

s.sch011 In Schedule 5 to FA 1994 (decisions subject to review...

s.sch012 Retail containers to be stamped

s.sch012 Penalty for failing to comply with regulations

s.sch012 Forfeiture of forged, altered or stolen duty stamps

s.sch012 Interpretation

s.sch012 Power to alter alcoholic products, and capacity of containers, to which this Schedule applies

s.sch012 Acquisition of, and payment for, duty stamps

s.sch012 Regulations

s.sch012 Offences of possession, sale etc of unstamped containers

s.sch012 Offence of using premises for sale of alcoholic products in or from unstamped containers

s.sch012 Alcohol sales ban following conviction for an offence under paragraph 6

s.sch012 Penalty for altering duty stamps

s.sch012 Penalty for affixing wrong, altered or forged stamps, or over-labelling

s.sch013 Alcohol duty: minor and consequential amendments

s.sch013 CEMA 1979

s.sch013 In section 12A (other assessments relating to excise duty matters),...

s.sch013 (1) Section 12B (section 12A: supplementary provisions) is amended as...

s.sch013 In section 16 (appeals to a tribunal), in subsection (3A),...

s.sch013 In section 16A (temporary approvals etc. pending review or appeal),...

s.sch013 In Schedule 5 (decisions subject to review and appeal)—

s.sch013 VATA 1994

s.sch013 FA 2001

s.sch013 FA 2007

s.sch013 FA 2008

s.sch013 TCTA 2018

s.sch013 (1) Section 1 (interpretation) is amended as follows.

s.sch013 Taxation (Post-transition Period) Act 2020

s.sch013 CEMA 1979

s.sch013 (1) Section 1(1) (interpretation:defined terms) is amended as follows.

s.sch013 (1) Section 112 (power of entry upon premises, etc of...

s.sch013 In section 113 (power to search for concealed pipes etc),...

s.sch013 In section 136 (offences in connection with claims for drawback...

s.sch013 (1) Section 160 (power to take samples) is amended as...

s.sch013 In section 178 (citation) in subsection (2), omit “the Alcoholic...

s.sch013 FA 1994

s.sch013 FA 2007

s.sch013 In section 112 (power of entry upon premises, etc of...

s.sch013 FA 2008

s.sch013 FA 2009

s.sch013 (1) In Schedule 55 (penalty for failure to make returns...

s.sch013 (1) In Schedule 56 (penalty for failure to make payments...

s.sch013 (1) Section 114 (power to prohibit use of certain substances...

s.sch013 In section 163A (power to search articles), in subsection (2),...

s.sch013 Customs and Excise Duties (General Reliefs) Act 1979

s.sch013 Excise Duties (Surcharges or Rebates) Act 1979

s.sch013 FA 1994

s.sch013 In section 12 (assessments to excise duty), in subsection (2)(ca),...

s.sch014 (1) The Commissioners for His Majesty’s Revenue and Customs are...

s.sch014 (1) The filing member may amend a return submitted under...

s.sch014 HMRC may take into account an information return in performing...

s.sch014 (1) The filing member may amend a return submitted under...

s.sch014 (1) This Part of this Schedule applies if the filing...

s.sch014 (1) An officer of Revenue and Customs may enquire into...

s.sch014 (1) An enquiry may extend to anything contained in the...

s.sch014 (1) For the purposes of this Part an enquiry is...

s.sch014 (1) If at a time when an enquiry is in...

s.sch014 (1) This paragraph applies if a return is amended at...

s.sch014 (1) At any time when an enquiry is in progress...

s.sch014 (1) The filing member may apply to the tribunal for...

s.sch014 This Part of this Schedule applies if the filing member...

s.sch014 (1) If, after a determination has been made—

s.sch014 (1) If, in respect of an accounting period, an officer...

s.sch014 (1) This paragraph applies where the filing member of the...

s.sch014 (1) The general rule is that no discovery assessment may...

s.sch014 (1) This paragraph applies where— (a) the filing member of...

s.sch014 Timing of payments

s.sch014 (1) Interest is to accrue on amounts payable under paragraph...

s.sch014 (1) Where a person has paid an amount that has...

s.sch014 Group payment notices

s.sch014 (1) Where the multinational group contains ring-fenced entities, a group...

s.sch014 (1) The effect of a group payment notice being issued...

s.sch014 Effect of group payment for tax purposes

s.sch014 Partnership payment notices

s.sch014 Recovery of partnership payment and effect for tax purposes etc

s.sch014 Recovery

s.sch014 Power to make regulations

s.sch014 (1) The obligations of a filing member of a multinational...

s.sch014 Penalties payable in connection with this Schedule

s.sch014 In paragraph 1 of Schedule 41 to FA 2008 (penalties...

s.sch014 (1) A penalty is payable if the filing member fails...

s.sch014 (1) This paragraph applies if the filing member satisfies HMRC...

s.sch014 In paragraph 1 of Schedule 24 to FA 2007 (penalties...

s.sch014 (1) A penalty is payable if— (a) the member breaches...

s.sch014 Penalties under paragraphs 42, 43 and 46: administration and supplemental provision

s.sch014 (1) HMRC must— (a) assess the penalty, and

s.sch014 (1) If HMRC thinks it right because of special circumstances,...

s.sch014 (1) This paragraph applies if at any time (“the relevant...

s.sch014 Multiple tax-geared penalties in respect of same accounting period

s.sch014 Claims in relation to overpaid tax

s.sch014 (1) This paragraph applies where one or more of Cases...

s.sch014 (1) An officer of Revenue and Customs may enquire into...

s.sch014 (1) This paragraph applies where— (a) an amount has been...

s.sch014 (1) The effect of a notice of appeal being given...

s.sch014 Reviews by HMRC

s.sch014 (1) The review may conclude that HMRC's view of the...

s.sch014 (1) In paragraphs 57 to 59, a reference to the...

s.sch014 Settlement agreements

s.sch014 Determination by tribunal

s.sch014 Postponement of payment pending appeal

s.sch014 (1) The appellant may apply to HMRC for a determination...

s.sch014 (1) The appellant may apply to the tribunal for a...

s.sch014 (1) HMRC and the appellant may agree that payment of...

s.sch014 Special provisions as to penalties

s.sch014 (1) In section 1(1) of the Provisional Collection of Taxes...

s.sch014 (1) This paragraph applies where the filing member of a...

s.sch015 Multinational top-up tax: elections

s.sch015 Long term elections

s.sch015 Annual elections

s.sch016 Transitional relief for substance-based income exclusion

s.sch016 Application in the case of joint venture group

s.sch016 Application to investment entities in same territory as owners

s.sch016 Minority owned members

s.sch016 Election

s.sch016 Transitional reporting election

s.sch016 Straddle periods

s.sch016 Grace period

s.sch016 General

s.sch016 Intra-group transfers before entry into regime

s.sch016 Transitional extension to deadline for elections

s.sch016 Election

s.sch016 Qualified financial statements and basis of calculations

s.sch016 Accounts or statements reflecting purchase price accounting adjustments

s.sch016 Qualifying income tax expense

s.sch016 Adjustments

s.sch016 Deduction and non-inclusion arrangements and duplicate loss arrangements

s.sch016 Duplicate tax recognition arrangements

s.sch016 Threshold test

s.sch016 Simplified effective tax rate test

s.sch016 Routine profits test

s.sch016a Multinational top-up tax: safe harbours

s.sch016a Election for qualifying domestic top-up tax safe harbour

s.sch016a Accounting conditions

s.sch016a Routine profits test

s.sch016a De minimis test

s.sch016a Effective tax rate test

s.sch016a Interpretation etc

s.sch016a Nothing in this Part of this Schedule requires a country-by-country...

s.sch016a Accredited qualifying domestic top-up tax

s.sch016a Disqualifying conditions

s.sch016a Application in the case of joint venture group

s.sch016a Application in the case of investment entities

s.sch016a Application in the case of minority owned members

s.sch016a No untaxed amounts for groups in initial phase of international expansion

s.sch016a Election in respect of non-material members

s.sch016a “Non-material member”

s.sch017 Index of expressions defined or explained in Parts 3 and 4

s.sch018 Introduction

s.sch018 Meaning of “filing member”

s.sch018 Other administrative provisions

s.sch018 (1) In Part 11 of Schedule 14 (penalties), only paragraphs...

s.sch018 Amendments: penalties

s.sch018 Other amendments

s.sch019 Dumping, subsidisation and safeguarding remedies

s.sch019 Introduction

s.sch019 Provisional remedies

s.sch019 Definitive remedies

s.sch019 Reviews etc

s.sch019 In section 13 of TCTA 2018 (dumping of goods, foreign...

s.sch019 (1) The Treasury or the Secretary of State may by...

s.sch019 (1) Any power to make regulations under or by virtue...

s.sch019 Provisional remedies

s.sch019 Definitive remedies

s.sch019 Reviews etc

s.sch019 Introduction

s.sch020 (1) Section 13 of TCTA 2018 is amended as follows....

s.sch020 After Schedule 5 of that Act insert— Schedule 5A Increase...

s.sch020 (1) Any power to make regulations under or by virtue...

s.sch021 Soft drinks industry levy: flavour concentrates

s.sch021 Introduction

s.sch021 Meaning of “soft drink” and “package”

s.sch021 Meaning of “prepared drinks”

s.sch021 Sugar content condition

s.sch021 Exempt soft drinks

s.sch021 Levy rates

s.sch021 Tax credits

s.sch021 Commencement

s.sch022 The HGV Road User Levy Act 2013 is amended as...

s.sch022 (1) Schedule 1 (rates of HGV road user levy) is...

s.sch022 (1) In consequence of the amendments made by paragraph 10,...

s.sch022 The amendments made by this Schedule come into force on...

s.sch022 In section 1(1) (charge to HGV road user levy), for...

s.sch022 (1) Section 3 (roads to which this Act applies) is...

s.sch022 In section 5(7) (payment of levy for UK heavy goods...

s.sch022 (1) Section 6 (payment of levy for non-UK heavy goods...

s.sch022 In section 7(2) (rebate of levy), for paragraph (c) substitute—...

s.sch022 (1) Section 14 (register of levy paid or due to...

s.sch022 In section 19 (interpretation), in subsection (1), in the definition...

s.sch023 Freeports and investment zones: consequential amendments

s.sch023 FA 2003

s.sch023 In section 3— (a) in subsection (2ZZA), for “freeport tax...

s.sch023 In the following provisions of Part 2 (plant and machinery...

s.sch023 In section 45Q— (a) in subsection (1)(b), for “the “non-freeport...

s.sch023 In the following provisions of Part 2A (structures and building...

s.sch023 In the following provisions of that Part—

s.sch023 For section 573A substitute— Special tax sites In this Act “special tax site” means an area for...

s.sch023 In Part 2 of Schedule 1— (a) omit the definition...

s.sch023 FA 2021

s.sch023 In the italic heading before section 113 at the end...

s.sch023 In the heading for section 113 (designation of freeport tax...

s.sch023 In section 61A— (a) in subsection (1), for “freeport tax...

s.sch023 National Insurance Contributions Act 2022

s.sch023 In the italic heading before section 1, for “Freeports” substitute...

s.sch023 In section 1— (a) in subsections (1)(b) and (6), for...

s.sch023 In section 2— (a) in subsection (1)—

s.sch023 In section 3— (a) omit subsection (1),

s.sch023 In section 5, in the heading, for “freeport tax sites”...

s.sch023 In section 12(2), omit paragraph (a).

s.sch023 In section 13(2)— (a) omit the definition of “freeport tax...

s.sch023 In section 81— (a) in subsection (1A)(aa), for “freeport tax sites”...

s.sch023 In section 81ZA— (a) in subsection (1), for “freeport tax...

s.sch023 In section 85(3), for “freeport tax sites” substitute “special tax...

s.sch023 In section 86(2)(zb) and (2A), for “freeport tax sites” substitute...

s.sch023 In section 87(3)(azaa) and (azab), for “freeport tax sites” substitute...

s.sch023 In Schedule 6C— (a) for paragraph 2 and the italic...

s.sch023 CAA 2001

s.sch024 Income tax and corporation tax

s.sch024 Annual tax on enveloped dwellings

s.sch024 Regulations

Help complying

Guvnor’s practical routes through this instrument.

File your first Corporation Tax return

A step-by-step learning journey for directors filing their first Company Tax Return (CT600). Covers registration, understanding rates, preparing accounts, claiming allowances, filing, …

Corporation Tax quick compliance check

A quick reference for experienced company directors to verify Corporation Tax deadlines, rates, payment obligations, and allowances. Check your compliance status in …

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6 more guides that reference this instrument

Get approved and pay duty as an alcohol producer: beer, spirits, wine and cider Grow and sell crops: seed, spraying and certification Register as an alcohol wholesaler (AWRS) Brewery licensing and compliance Claim capital allowances for your company Food and drink business licensing and compliance

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Finance (No. 2) Act 2023

Does it bind you?

Other Acts binding the same actors

What it requires

Income tax, corporation tax and capital gains tax

Alcohol Duty

Multinational top-up tax

Domestic top-up tax

Electricity generator levy

Other taxes

Miscellaneous and final

Schedules

Help complying

File your first Corporation Tax return

Corporation Tax quick compliance check

Start a brewery or distillery