| Guvnor

Status: In Force

What it defines

Regulations 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.

80 other provisions — procedural and definitional

sch. para. 12 Schedule A losses

s.001 Treatment of enemy debts written off during World War II

s.002 The Taxes Act 1988 is amended as follows.

s.003 Relief for contributions to certain bodies

s.004 Costs of establishing share option or profit sharing schemes: relief

s.005 Payment to trustees of approved profit sharing schemes

s.006 Costs of establishing employee share ownership trusts

s.007 Employees seconded to charities and educational establishments

s.008 Charitable donations: contributions to agent’s expenses

s.009 Payments to Export Credits Guarantee Department

s.010 Additional payments to redundant employees

s.011 Other grants under Industrial Development Act 1982

s.013 Write-off of government investment

s.014 Group relief: meaning of “management expenses” in section 403

s.015 Computation of gross profits

s.016 Limitation of group relief in relation to certain dual resident companies

s.017 Losses from Schedule A business or overseas property business

s.018 General annuity business

s.019 Transfers of business

s.020 Authorised unit trusts

s.021 Interest distributions

s.022 Credit unions

s.023 Business entertaining expenses

s.024 Expenditure involving crime

s.025 Expenditure on car hire

s.026 Statutory redundancy payments

s.027 Gifts of shares, securities and real property to charities etc

s.028 Training courses for employees

s.029 Counselling services for employees

s.030 Exempt approved schemes

s.031 Social security benefits and contributions

s.032 Sale and lease-back: limitation on tax reliefs

s.033 Assets leased to traders and others

s.034 Limits on credit for foreign tax: corporation tax

s.035 Share incentive plans: corporation tax deductions

s.036 Modification of the Taxes Act 1988 in relation to overseas life insurance companies

s.037 Manufactured overseas dividends

s.038 Controlled foreign companies: relief against liability for tax in respect of chargeable profits

s.039 Change in ownership of investment company: deductions

s.040 Provision not at arm’s length

s.041 Consideration for certain restrictive undertakings

s.042 Investment and insurance companies: computation

s.043 Non-approved retirement benefit schemes

s.044 Management expenses

s.045 Corporation tax: policy holders' fraction of profits

s.046 Policy holder’s share of profits

s.047 Basic life assurance and general annuity business: transitional relief for old annuity contracts

s.048 Allowable deductions: consideration chargeable to tax on income

s.049 Interest, and exchange gains and losses, on debts etc not arising from the lending of money

s.050 Loan relationships: claims etc relating to deficits

s.051 Receipts by way of reverse premium: insurance companies carrying on life assurance business

s.052 Qualifying activities

s.053 Related definitions

s.054 Giving of allowances: managing investments of company with investment business

s.055 Life assurance business: different giving effect rules for different categories of business

s.056 Provisions supplementary to sections 255 and 256

s.057 Management assets

s.058 Remediation of contaminated land: entitlement to land remediation tax credit

s.059 Land remediation tax credit: restriction of losses carried forward

s.060 Land remediation tax credit: entitlement to relief: “I minus E” basis

s.061 Land remediation tax credit: giving effect to relief: enhanced expenses of management

s.062 Land remediation tax credit: entitlement to life assurance company tax credit

s.063 Land remediation tax credit: restriction on carrying forward expenses of management as follows

s.064 Tax relief for research and development: entitlement to relief in respect of “I minus E” basis

s.065 Expenditure on vaccine research etc: entitlement to relief in respect of “I minus E” basis

s.066 Loan relationships

s.067 Intangible fixed assets: special provisions relating to insurance companies

s.068 Business entertainment and gifts: exception where employer’s expenses disallowed

s.069 Corporation tax relief for employee share acquisition: shares: method of giving relief

s.070 Corporation tax relief for employee share acquisition: options: method of giving relief

s.071 Restriction of deductions for employee benefit contributions: life assurance business

s.072 Extinguishment of BNFL losses for tax purposes

s.073 The Income Tax (Manufactured Overseas Dividends) Regulations 1993

s.074 The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995

s.075 Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997

s.076 The Open-ended Investment Companies (Tax) Regulations 1997

s.077 The European Single Currency (Taxes) Regulations 1998

s.078 The Insurance Companies (Capital Redemption Business)(Modification of the Corporation Tax Acts) Regulations 1999

s.art001 Citation, commencement, effect and interpretation

s.art002 Amendments to enactments in consequence of sections 38, 40 and 45 of, and Schedule 6 to, the Finance Act 2004

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

The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004

What it defines