Finance (No. 2) Act 1992
Finance (No. 2) Act 1992 (1992 c. 48)
- Finance (No. 2) Act 1992 (1992 c. 48)
- Part I Customs and Excise, Value Added Tax and Car Tax
- Chapter I Customs and Excise
- Abolition of fiscal frontiers etc.
- 1 Powers to fix excise duty point.
- 2 Power to provide for drawback of excise duty.
- 3 Protection of revenues derived from excise duties.
- 4 Enforcement powers.
- 5 Controls of persons entering the United Kingdom.
- Other provisions
- 6 Abolition of duties on matches and mechanical lighters.
- 7 Bingo duty: increased exemption etc.
- 8 Tobacco products duty: retail price of cigarettes.
- 9 Amendments relating to new beer duty regime.
- 10 Search of aircraft.
- 11 Vehicles excise duty: goods vehicles.
- 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Chapter II Value Added Tax
- 14 Abolition of fiscal frontiers etc.
- 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Chapter III Car Tax
- 18 Abolition of fiscal frontiers.
- Part II Income Tax, Corporation Tax and Capital Gains Tax
- Chapter I General
- Lower rate
- 19 Lower rate: further provisions.
- Married couple’s allowance etc.
- 20 Married couple’s allowance etc.
- Corporation tax charge and rate
- 21 Charge and rate of corporation tax for 1992.
- 22 Small companies.
- Capital gains tax
- 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Groups etc.
- 24 Amendments relating to group relief etc.
- 25 Companies ceasing to be members of groups.
- Charities etc.
- 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 28 Powers of inspection.
- Interest, dividends and distributions
- 29 Returns of interest.
- 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 31 Equity notes.
- 32 Information relating to distributions.
- Securities and deposits
- 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 34 Rights in pursuance of deposits.
- 35 Exchange of securities.
- Employee shares
- 36 Employee share ownership trusts.
- 37 Employee share schemes: special benefits.
- Business expansion scheme
- 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 40A Revenue nature of expenditure on master versions of films
- 40B Allocation of expenditure to periods
- 40C Cases where section 40B does not apply
- 40D Election for sections 40A and 40B not to apply
- Films
- 41 Relief for preliminary expenditure.
- 42 Relief for production or acquisition expenditure.
- 43 Interpretation of sections 41 and 42.
- Transfers of trade
- 44 Transfer of a UK trade: amendment of 1992 Act.
- 45 Transfer of a non-UK trade: amendment of 1992 Act.
- 46 Transfer of a trade: supplementary (1).
- 47 Transfer of a UK trade: amendment of 1970 Act.
- 48 Transfer of a non-UK trade: amendment of 1970 Act.
- 49 Transfer of a trade: supplementary (2).
- Double taxation relief
- 50 Transfer of a non-UK trade.
- 51 The Arbitration Convention.
- 52 Interest.
- Miscellaneous
- 53 Car fuel: cash equivalents.
- 54 Foreign earnings.
- 55 Oil extraction activities: extended transportation.
- 56 Friendly societies.
- 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 59 Furnished accommodation.
- 60 Deduction on account of certain payments.
- 61 Qualifying maintenance payments: extension to member States.
- 62 Qualifying maintenance payments: maintenance assessments etc.
- 63 Paying and collecting agents etc.
- 64 Reduced and composite rate.
- 65 Life assurance business: I minus E basis.
- 66 Banks etc. in compulsory liquidation.
- Chapter II Capital allowances
- 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Part III Miscellaneous and General
- Inheritance tax
- 72 Increase of rate bands.
- 73 Business and agricultural property relief.
- Petroleum revenue tax
- 74 Oil exported direct from United Kingdom off-shore fields.
- ...
- 75 Change of name.
- 76 Miscellaneous.
- Miscellaneous
- 77 Northern Ireland Electricity.
- 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 80 Publication of rates of interest.
- General
- 81 Interpretation.
- 82 Repeals.
- 83 Short title.
- SCHEDULES
- SCHEDULE 1 Amendments relating to excise duties etc.
- The Customs and Excise Management Act 1979 (c. 2)
- The Customs and Excise Duties (General Reliefs) Act 1979 (c. 3)
- The Alcoholic Liquor Duties Act 1979 (c. 4)
- SCHEDULE 2 Protection of revenues derived from excise duties
- The Customs and Excise Management Act 1979 (c. 2)
- The Customs and Excise Duties (General Reliefs) Act 1979 (c. 3)
- SCHEDULE 3 Value added tax: abolition of fiscal frontiers etc.
- Introduction
- Imposition and extent of tax
- Meaning of supply
- Time of supply
- Place of supply
- Acquisitions of goods from other member States
- Rate of tax and determination of value
- Credit for input tax against output tax
- Reliefs
- Refunds of tax
- Repayment
- Further provisions as to importation of goods
- Special cases
- General
- Registration in respect of supplies
- Registration in respect of supplies and acquisitions from other member States
- Matters to be treated as supplies of goods or services
- Special rules for valuation
- Zero-rated supplies
- Administration, collection and enforcement
- Transitional provisions
- Introduction
- Civil penalties
- Interest on tax
- Assessments
- Part III Consequential amendments of other enactments
- The Diplomatic Privileges Act 1964 (c. 81)
- The Commonwealth Secretariat Act 1966 (c. 10)
- The Consular Relations Act 1968 (c. 18)
- The International Organisations Act 1968 (c. 48)
- The Vehicles (Excise) Act 1971 (c. 10)
- The Diplomatic and other Privileges Act 1971 (c. 64)
- The Customs and Excise Duties (General Reliefs) Act 1979 (c. 3)
- The Finance Act 1986 (c. 41)
- The Income and Corporation Taxes Act 1988 (c. 1)
- SCHEDULE 4 Car tax: abolition of fiscal frontiers
- SCHEDULE 5 Married couple’s allowance etc.
- SCHEDULE 6 Group relief etc: amendments
- Main amendments
- Other amendments
- Application of amendments
- SCHEDULE 8 Rights in pursuance of deposits
- Disposal or exercise of rights
- Building societies
- Deposit-takers
- Accrued income scheme
- General
- SCHEDULE 9 Friendly societies
- Amendments of the Taxes Act 1988
- Amendments of enactments relating to chargeable gains
- Commencement
- SCHEDULE 10 Furnished Accommodation
- Introduction
- Exemption etc.
- Adjusted profits etc.
- Application of Schedule
- SCHEDULE 11 Paying and collecting agents etc.
- SCHEDULE 12 Banks etc. in compulsory liquidation
- Introductory
- Taxation of certain receipts
- Relief from tax
- Application of charge etc. where rights to payments transferred
- Election for carry-back
- Commencement
- Introduction
- Buildings and structures purchased before use
- Buildings and structures purchased within two years of use
- Exclusion of expenditure
- Miscellaneous
- Commencement
- SCHEDULE 14 Inheritance tax
- Business property
- Agricultural property
- Payment by instalments
- Gifts with reservation
- Commencement
- SCHEDULE 15 Amendments relating to oil exported directly from off-shore fields
- THE OIL TAXATION ACT 1975
- THE FINANCE ACT 1982
- THE OIL TAXATION ACT 1983
- THE FINANCE ACT 1986
- SCHEDULE 16 General and Special Commissioners
- Remuneration of General Commissioners etc.
- Jurisdiction
- Practice and procedure
- Oil taxation appeals
- Inheritance tax appeals
- SCHEDULE 17 Northern Ireland Electricity
- Interpretation
- Transfer to successor companies: general
- Roll-over relief
- Unallowed capital losses
- Arrangements in favour of other successor companies
- Restriction of losses by reference to capital allowances
- Transfers between successor companies
- Apportionments etc.
- Securities of successor companies
- Stamp duty reserve tax
- SCHEDULE 18 Repeals
- Part I Excise duties: general
- Part II Matches and mechanical lighters
- Part III Vehicles excise duty: goods vehicles
- Part IV Vehicles excise duty: disabled persons
- Part V Value added tax
- (1) Abolition of fiscal frontiers
- (2) Fuel and power
- Part VI Car tax
- Part VII Income tax and corporation tax
- Part VIII Oil taxation
- Part IX General and Special Commissioners
- Part X Northern Ireland Electricity
- Part XI Treasury bills
- Part XII National loans
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