Finance Act 1998
Finance Act 1998 (1998 c. 36)
- Finance Act 1998 (1998 c. 36)
- Part I Excise Duties
- Alcoholic liquor duties
- 1 Rate of duty on beer.
- 2 Adjustment of rates of duty on sparkling liquors.
- 3 Rates of duty on wine and made-wine.
- 4 Rates of duty on cider.
- 5 Drawback of excise duty on beer.
- Hydrocarbon oil duties
- 6 Charge on production without delivery.
- 7 Rates of duties and rebates.
- 8 Ultra low sulphur diesel.
- 9 Mixtures of heavy oils.
- Tobacco products duty
- 10 Rates of tobacco products duty.
- Gaming duty
- 11 Rates of gaming duty.
- Amusement machine licence duty
- 12 Rates of amusement machine licence duty.
- 13 Further exception for thirty-five-penny machines.
- 14 Video machines.
- Air passenger duty
- 15 Fiscal representatives.
- Vehicle excise duty
- 16 Rates of duty where pollution reduced.
- 17 Restriction of exemption for old vehicles.
- 18 Regulations relating to nil licences.
- 19 Failure to pay amount required in respect of void licence.
- Assessments
- 20 Assessments for excise duty purposes.
- Part II Value Added Tax
- 21 Deemed supplies.
- 22 Changes of place of supply: transitional.
- 23 Bad debt relief.
- 24 Long leases in Scotland.
- Part III Income Tax, Corporation Tax and Capital Gains Tax
- Chapter I Income Tax and Corporation Tax
- Income tax charge, rates and reliefs
- 25 Charge and rates for 1998-99.
- 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 27 Married couple’s allowance etc. in and after 1999-00.
- Corporation tax charge and rates
- 28 Charge and rates for financial year 1998.
- 29 Charge and rates for financial year 1999.
- Corporation tax: periodic payments etc
- 30 Corporation tax: due and payable date.
- 31 Abolition of advance corporation tax.
- 32 Unrelieved surplus advance corporation tax.
- 33 Relief for interest payable under the Tax Acts.
- 34 Charge to tax on interest payable under the Tax Acts.
- 35 Further provision about interest payable under the Tax Acts.
- 36 Arrangements with respect to payment of corporation tax.
- Gilt-edged securities
- 37 Abolition of periodic accounting.
- Rents and other receipts from land
- 38 Taxation of rents and other receipts from land.
- 39 Land managed as one estate and maintenance funds for historic buildings.
- 40 Treatment of premiums as rent.
- 41 Tied premises: receipts and expenses treated as those of trade.
- Computation of profits of trade, profession or vocation
- 42 Computation of profits of trade, profession or vocation.
- 43 Barristers and advocates in early years of practice.
- 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 46 Minor and consequential provisions about computations.
- Gifts to charities
- 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 48 Gifts of money for relief in poor countries.
- Employee share incentives
- 49 Employee share options.
- 50 Conditional acquisition of shares.
- 51 Convertible shares provided to directors and employees.
- 52 Information powers.
- 53 Provision supplemental to sections 50 to 52.
- 54 Amendments consequential on sections 50 to 53.
- Construction industry workers
- 55 Construction workers supplied by agencies.
- 56 Transitional provisions in connection with section 55.
- 57 Sub-contractors in the construction industry.
- Payments and other benefits in connection with termination of employment etc.
- 58 Payments and other benefits in connection with termination of employment, etc.
- Benefits in kind
- 59 Car fuel.
- 60 Reductions for road fuel gas cars.
- 61 Travelling expenses.
- Profit-related pay
- 62 Provision preventing manipulation of profit periods.
- Foreign earnings deduction
- 63 Withdrawal except in relation to seafarers.
- PAYE: non-cash benefits etc.
- 64 Transitory provision relating to tradeable assets.
- 65 Payment in the form of a readily convertible asset.
- 66 Enhancing the value of an asset.
- 67 Gains from share options etc.
- 68 Vouchers and credit-tokens.
- 69 Intermediaries, non-UK employers, agencies etc.
- The enterprise investment scheme and venture capital trusts
- 70 Qualifying trades for EIS and VCTs.
- 71 Pre-arranged exits from EIS.
- 72 Qualifying holdings for VCTs after 2nd July 1997.
- 73 Other changes to requirements for VCTs.
- 74 Other changes to EISetc.
- Individual savings accounts etc.
- 75 Use of PEPs powers to provide for accounts.
- 76 Tax credits for accounts and for PEPs.
- 77 The insurance element etc.
- 78 Phasing out of TESSAs.
- Relief for interest and losses etc.
- 79 Relief for loan to acquire interest in a close company.
- 80 Relief for losses on unlisted shares in trading companies.
- 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 82 Carry forward of non-trading deficit on loan relationships.
- Capital allowances
- 83 First-year allowances for investment in Northern Ireland.
- 84 First-year allowances for small businesses etc.
- 85 First-year allowances: consequential amendments etc.
- Insurance, insurance companies and friendly societies
- 86 Life policies etc.
- 87 Non-resident insurance companies: tax representatives.
- 88 Overseas life assurance business.
- 89 Personal portfolio bonds.
- 90 Distributions to friendly societies.
- 91 Provisional repayments in connection with pension business.
- Pensions
- 92 Approved retirement benefit schemes etc.
- 93 Benefits received under non-approved retirement benefits scheme.
- 94 Approval of personal pension schemes.
- 95 Personal pensions: charge on withdrawal of approval.
- 96 Information relating to personal pension schemes etc.
- 97 Notices to be given to scheme administrator.
- 98 Assessments on scheme administrators.
- Futures and options
- 99 Extension of provisions relating to guaranteed returns.
- Securities
- 100 Accrued income scheme.
- 101 Dealers in securities etc.
- 102 Manufactured dividends.
- Double taxation relief
- 103 Restriction of relief on certain interest and dividends.
- 104 Adjustments of interest and dividends for spared tax etc.
- 105 Meaning of “financial expenditure".
- 106 Underlying tax reflecting interest or dividends.
- 107 Notification of foreign tax adjustment.
- Transfer pricing, FOREX and financial instruments
- 108 New regime for transfer pricing etc.
- 110 Determinations requiring the sanction of the Board.
- 111 Notice to potential claimants.
- Controlled foreign companies
- 112 Exempt activities.
- 113 Miscellaneous amendments.
- Changes in company ownership
- 114 Postponed corporation tax.
- 115 Information powers where ownership changes.
- 116 Provisions supplemental to sections 114 and 115.
- Corporation tax self-assessment
- 117 Company tax returns, assessments and related matters.
- Telephone claims etc.
- 118 Claims for income tax purposes.
- 119 Evidential provisions in PAYE regulations.
- Chapter II Taxation of Chargeable Gains
- Rate for trustees
- 120 Rate of CGT for trustees etc.
- Taper relief and indexation allowance
- 121 Taper relief for CGT.
- 122 Freezing of indexation allowance for CGT.
- Pooling and identification of shares etc.
- 123 Abolition of pooling for CGT.
- 124 New identification rules for CGT.
- 125 Indexation and share pooling etc.
- Stock dividends
- 126 Capital gains on stock dividends.
- Non-residents etc.
- 127 Charge to CGT on temporary non-residents.
- 128 Disposal of interests in a settlement.
- 129 Attribution of gains to settlor in section 10A cases.
- 130 Charge on beneficiaries of settlements with non-resident settlors.
- 131 Charge on settlors of settlements for grandchildren.
- 132 Charge on settlors of pre-19th March 1991 settlements.
- Groups of companies etc.
- 133 Transfer within group to investment trust.
- 134 Transfer of company’s assets to venture capital trust.
- 135 Transfer within group to venture capital trust.
- 136 Incorporated friendly societies.
- 137 Pre-entry gains.
- 138 Pre-entry losses.
- 139 De-grouping charges.
- Abolition of reliefs
- 140 Phasing out of retirement relief.
- 141 Abolition of certain other CGT reliefs.
- Part IV Inheritance Tax etc.
- 142 Property of historic interest etc.
- 143 Removal of exemption for gifts for public benefit.
- 144 Maintenance funds for historic buildings, etc.
- 145 Accounting for property accepted in satisfaction of tax.
- Part V Other Taxes
- Insurance premium tax
- 146 Travel insurance: higher rate tax.
- 147 Taxable intermediaries.
- Landfill tax
- 148 Provisional collection of landfill tax.
- Stamp duty
- 149 Stamp duty on conveyance or transfer on sale.
- 150 Relief from double stamp duties etc.
- Stamp duty reserve tax
- 151 Depositary receipts and clearance services: exchanges of shares.
- Petroleum revenue tax etc.
- 152 Gas valuation.
- Gas levy
- 153 Reduction and abolition of gas levy.
- Dumping duties
- 154 Repeal of Customs Duties (Dumping and Subsidies) Act 1969.
- Part VI Miscellaneous and Supplemental
- Fiscal stability
- 155 Code for fiscal stability.
- 156 Annual Budget documents.
- 157 Supplementary powers of the Comptroller and Auditor General.
- Government borrowing
- 158 Treasury’s position regarding their own securities.
- 159 Treasury bills.
- 160 National loans.
- 161 Non-FOTRA securities.
- 162 Accounting statements relating to National Savings.
- The European single currency
- 163 Adoption of single currency by other member States.
- Supplemental
- 164 Interpretation.
- 165 Repeals.
- 166 Short title.
- SCHEDULES
- SCHEDULE 1 Rates of duty where pollution reduced
- Meaning of “the 1994 Act"
- Certificates as to reduced pollution
- Buses
- Special vehicles
- Recovery vehicles
- Vehicles used for exceptional loads
- Haulage vehicles
- Rigid goods vehicles
- Tractive units
- Other amendments
- Commencement
- SCHEDULE 2 Assessments for excise duty purposes
- Alcoholic Liquor Duties Act 1979 (c.4)
- Hydrocarbon Oil Duties Act 1979 (c.5)
- Tobacco Products Duty Act 1979 (c.7)
- Finance (No. 2) Act 1992 (c.48)
- Finance Act 1994 (c.9)
- Commencement
- SCHEDULE 3 Advance corporation tax
- Section 1 of the Provisional Collection of Taxes Act 1968
- Section 10 of the Taxes Management Act 1970
- Section 87 of the Taxes Management Act 1970
- Section 87A of the Taxes Management Act 1970
- Section 94 of the Taxes Management Act 1970
- Section 109 of the Taxes Management Act 1970
- Section 13 of the Taxes Act 1988
- Section 14 of the Taxes Act 1988
- Section 75 of the Taxes Act 1988
- Section 116 of the Taxes Act 1988
- Section 238 of the Taxes Act 1988
- Section 239 of the Taxes Act 1988
- Section 240 of the Taxes Act 1988
- Section 241 of the Taxes Act 1988
- Section 245 of the Taxes Act 1988
- Section 245A of the Taxes Act 1988
- Section 245B of the Taxes Act 1988
- Section 246 of the Taxes Act 1988
- Section 247 of the Taxes Act 1988
- Section 248 of the Taxes Act 1988
- Section 252 of the Taxes Act 1988
- Section 253 of the Taxes Act 1988
- Section 255 of the Taxes Act 1988
- Section 419 of the Taxes Act 1988
- Section 434 of the Taxes Act 1988
- Section 434C of the Taxes Act 1988
- Section 468Q of the Taxes Act 1988
- Section 490 of the Taxes Act 1988
- Section 497 of the Taxes Act 1988
- Section 498 of the Taxes Act 1988
- Section 499 of the Taxes Act 1988
- Section 703 of the Taxes Act 1988
- Section 704 of the Taxes Act 1988
- Section 705 of the Taxes Act 1988
- Section 797 of the Taxes Act 1988
- Section 802 of the Taxes Act 1988
- Section 813 of the Taxes Act 1988
- Section 826 of the Taxes Act 1988
- Section 832 of the Taxes Act 1988
- Section 835 of the Taxes Act 1988
- Schedule 13 to the Taxes Act 1988
- Schedule 13A to the Taxes Act 1988
- Schedule 24 to the Taxes Act 1988
- Schedule 26 to the Taxes Act 1988
- Paragraph 8 of Schedule 4 to the Finance (No. 2) Act 1997
- Paragraph 9 of Schedule 4 to the Finance (No. 2) Act 1997
- Paragraph 18 of Schedule 4 to the Finance (No. 2) Act 1997
- Paragraph 23 of Schedule 4 to the Finance (No. 2) Act 1997
- SCHEDULE 4 Interest payable under the Tax Acts by or to companies
- Interest on overpaid or early paid corporation tax
- The “material date" for interest on a repayment of income tax
- Recovery of interest overpaid under section 826(1)(a)
- Interest on underpaid tax where reliefs are carried back
- Interest on overpaid tax where reliefs are carried back
- Company liquidations
- Loan relationships
- SCHEDULE 5 Rent and other receipts from land
- Part I Main charging provisions
- Part II Treatment of losses
- Part III Minor and consequential amendments
- Taxes Management Act 1970 (c. 9)
- Income and Corporation Taxes Act 1988 (c.1)
- Capital Allowances Act 1990 (c.1)
- Taxation of Chargeable Gains Act 1992 (c.12)
- Finance Act 1996 (c. 8)
- Part IV Transitional provisions for corporation tax
- Introduction
- Receipts and expenses not to be counted twice
- Receipts and expenses not to be left out of account
- Expenses not to be carried back to before commencement
- Effect of transfer of underlying rights
- Bad debt relief
- Meaning of “taken into account"
- Unrelieved Case VI losses
- Source ceasing in transitional accounting period
- Superseded provisions relating to finance leasing
- Computation of amounts available for surrender as group relief
- Meaning of “transitional accounting period"
- SCHEDULE 6 Adjustment on change of accounting basis
- Introduction
- Adjustment on change of accounting basis
- Calculation of adjustment
- Spreading of adjustment charge in certain cases
- Election to accelerate payment of adjustment charge
- Application of provisions to partnerships
- Liability of personal representatives in case of death of person chargeable
- Interpretation
- SCHEDULE 7 Removal of unnecessary references to gains
- SCHEDULE 8 Sub-contractors in the construction industry
- Introductory
- Application of deductions to public departments Et ceteralaetc
- Conditions for exemption of partnerships
- Conditions of exemption for companies
- Commencement of paragraphs 3 and 4
- Powers to make regulations
- Transitional provision for commencement of 1995 Act amendments
- SCHEDULE 9 Payments and other benefits in connection with termination of employment etc
- Part I Schedule 11 to the Taxes Act 1988
- Part II Consequential amendments
- Income and Corporation Taxes Act 1988 (c.1)
- Finance Act 1995 (c.4)
- SCHEDULE 10 Ordinary commuting and private travel
- SCHEDULE 11 Transitional provisions for profit-related pay
- Application of Schedule
- Rule for determining section 171(4) limit
- Meaning of related scheme
- Meaning of “relevant anniversary"
- General interpretation
- SCHEDULE 12 EIS and VCTs: meaning of qualifying trade
- New exclusions for the enterprise investment scheme
- Definition of excluded activities for the enterprise investment scheme
- New exclusions for VCTs
- Definition of excluded activities for VCTs
- Commencement
- SCHEDULE 13 Changes to EISetc
- Part I EIS income tax relief
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Part II EIS relief against chargeable gains
- Part III EIS deferral of chargeable gains
- Preliminary
- Application of Schedule
- Failure of conditions of application
- Postponement of original gain
- Chargeable events
- Gains accruing on chargeable event
- Persons to whom gain accrues
- Claims
- Reorganisations and reconstructions
- Anti-avoidance provisions
- Supplementary provisions
- Part IV BES income tax relief and relief against chargeable gains
- SCHEDULE 14 Life policies, life annuities and capital redemption policies
- Section 547
- Multiple interests
- Right of company to recover tax from trustees
- Foreign institution policies: no reduction under section 553
- Consequential amendments
- Commencement
- SCHEDULE 15 Approved retirement benefits schemes
- Amendment of section 591C of the Taxes Act 1988
- Amendment of section 591D
- Application for scheme approval
- Information powers
- Employers responsible for discharging administrator’s duties
- Recourse to scheme members in respect of section 591C charge
- Modification of certain existing approved schemes
- SCHEDULE 16 Transfer pricing etc: new regime
- SCHEDULE 17 Controlled foreign companies
- Section 747
- Section 747A
- Section 748
- Section 749
- Section 750
- Section 751
- Section 752
- Section 753
- Section 754
- Returns where it is not established whether acceptable distribution policy applies
- Determinations requiring the sanction of the Board
- Section 755
- Treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business
- Amendment of return where general insurance business of foreign company accounted for on non-annual basis
- Application of Chapter where general insurance business of foreign company accounted for on non-annual basis.
- Section 756
- Paragraph 1 of Schedule 24
- Paragraph 2 of Schedule 24
- Paragraph 4 of Schedule 24
- Paragraph 9 of Schedule 24
- Paragraph 10 of Schedule 24
- Paragraph 11 of Schedule 24
- Paragraph 11A of Schedule 24
- Transfer pricing
- Schedule 25
- Paragraph 1 of Schedule 25
- Paragraph 2A of Schedule 25
- Paragraph 3 of Schedule 25
- Paragraph 5 of Schedule 25
- Paragraph 6 of Schedule 25
- Paragraph 8 of Schedule 25
- Paragraph 12 of Schedule 25
- Superior holding companies: supplementary provisions
- Paragraph 1 of Schedule 26
- Paragraph 3 of Schedule 26
- Paragraph 4 of Schedule 26
- Commencement and transitional provision
- SCHEDULE 18 Company tax returns, assessments and related matters
- Part I Introduction
- Meaning of “tax"
- Duty to give notice of chargeability
- Part II Company tax return
- Company tax return
- Meaning of delivery of return
- Period for which return required
- Notice relating to period beginning before appointed day
- Return to include self-assessment
- Residential property developer tax
- Energy (oil and gas) profits levy
- Calculation of tax payable
- Claims that cannot be made without a return
- Other claims and elections to be included in return
- Accounts required in case of Companies Act company
- Information about business carried on in partnership
- Information about chargeable gains
- Filing date
- Amendment of return by company
- Correction of return by Revenue
- Failure to deliver return: flat-rate penalty
- Failure to deliver return: tax-related penalty
- Excuse for late delivery of return
- Penalty for incorrect or uncorrected return
- Voluntary returns
- Part III Duty to keep and preserve records
- Duty to keep and preserve records
- Preservation of information etc
- Penalty for failure to keep and preserve records
- Part IV Enquiry into company tax return
- Notice of enquiry
- Scope of enquiry
- Enquiry into return for wrong period
- Notice to produce documents, etc. for purposes of enquiry
- Appeal against notice to produce documents, etc
- Penalty for failure to produce documents, etc
- Amendment of self-assessment during enquiry to prevent loss of tax
- Amendment of return by company during enquiry
- Referral of questions to the tribunal during enquiry
- Withdrawal of notice of referral
- Effect of referral on enquiry
- Effect of determination
- Completion of enquiry
- Direction to complete enquiry
- Amendment of return after enquiry
- Further return for outstanding period
- Part V Revenue determinations and assessments
- Determination of tax payable if no return delivered in response to notice
- Determination of tax payable if notice complied with in part
- Extent of power to make determination
- Determination to have effect as self-assessment
- Determination superseded by actual self-assessment
- Assessment where loss of tax discovered or determination of amount discovered to be incorrect
- Restrictions on power to make discovery assessment or determination
- Loss of tax brought about carelessly or deliberately
- Situation not disclosed by return or related documents etc.
- Return made in accordance with prevailing practice
- General time limits for assessments
- Assessment procedure
- Appeal against assessment
- Application of provisions to discovery determinations
- Transfer pricing records: carelessness
- Part VI Overpaid tax, excessive assessments or repayments, etc
- Relief in case of double assessment
- Claim for relief for overpaid tax etc
- Cases in which Commissioners not liable to give effect to a claim
- Making a claim
- Determinations under paragraphs 36 and 37: special rules
- The claimant: one person accountable for amounts payable by another
- The claimant: partnerships
- Assessment of claimant in connection with claim
- Amendment of partnership return etc in connection with claim
- Contract settlements
- Recovery of excessive repayments etc
- Time limit for recovery of excessive repayments, etc.
- Part VII General provisions as to claims and elections
- Claims must be quantified
- General time limit for making claims
- Supplementary claim or election
- Claims or elections affecting a single accounting period
- Claims or elections involving more than one accounting period
- Other claims and elections
- Provisions supplementary to paragraphs 57 to 59
- Consequential claims, etc. arising out of certain Revenue amendments or assessments
- Consequential claims etc that may be made
- Consequential claims etc. affecting tax liability of another person
- Consequential claims etc. not to give rise to reduction in liability
- Consequential claims in case of loss of tax brought about carelessly or deliberately
- Part VIII Claims for group relief and group relief for carried-forward losses
- Introduction
- Claim to be included in company tax return
- Content of claims
- Claims for more or less than the amount available for surrender
- Consent to surrender
- Notice of consent
- Notice of consent: additional requirements where claim is for group relief for carried-forward losses
- Notice of consent requiring amendment of return
- Withdrawal or amendment of claim
- Time limit for claims
- Reduction in amount available for surrender
- Assessment on other claimant companies
- Assessment to recover excessive ... relief
- Joint amended returns
- Claims in respect of overseas losses of non-resident companies
- PART 8A Claims for allocation of surplus dual inclusion income
- Introduction
- Claims to be included in company tax return
- Consent to allocation claim
- Notice of consent
- Notice of consent requiring amendment of return
- Withdrawal or amendment of allocation claim
- Time limit for allocation claims
- Reduction in DII surplus
- Assessments on other companies
- Assessment to recover excessive amount claimed
- Joint amended returns
- Part IX Claims for capital allowances
- Introduction
- Claim to be included in company tax return
- Content of claims
- Amendment or withdrawal of claim
- Time limit for claims
- Consequential amendment of return for another accounting period
- Part IXA Claims for R&D expenditure credits or R&D tax relief
- Introduction
- Claim to be included in company tax return
- Content of claim
- Amendment or withdrawal of claim
- Time limit for claims
- Additional information to be provided in relation to claim
- Removal from return of claims made in error
- Penalty
- Part 9B Claims relating to remediation of contaminated or derelict land
- Introduction
- Claim to be included in company tax return
- Content of claim
- Amendment or withdrawal of claim
- Time limit for claims
- Penalty
- PART 9BA Claims for relief under Schedule 12 to the Finance Act 2002
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- PART 9C Claims for relief under Schedule 13 to the Finance Act 2002
- PART 9D Claims under Parts 14A to15E of the Corporation Tax Act 2009
- Introduction
- Claim to be included in company tax return
- Content of claim
- Amendment or withdrawal of claim
- Time limits for claim
- Additional information to be provided in relation to claim
- Penalty
- PART 9E Designation of losses as unrestricted losses for the purposes of Chapter 3 of Part 7A of the Corporation Tax Act 2010
- Introduction
- Designation to be made in company tax return
- Identification of losses
- Amendment or withdrawal of designation
- Part X Special provisions
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Non-annual accounting of general insurance business
- Insurance companies with non-annual actuarial investigations
- Friendly societies with non-annual actuarial investigations
- PART 10A SEs
- Company ceasing to be UK resident on formation of SE by merger
- SE ceasing to be UK resident
- Meaning of SE
- Part XI Supplementary provisions
- Conclusiveness of amounts stated in return
- Security for payments
- Penalty for fraud or negligence
- Multiple tax-related penalties in respect of same accounting period
- UK Economic Interest Groupings and European Economic Interest Groupings
- Notices of appeal
- General jurisdiction of Special or General Commissioners
- Election to take appeal to Special Commissioners
- Meaning of “the Inland Revenue"
- The self-assessment appointed day
- Construction of references to assessment
- Meaning of TIOPA 2010
- Index of defined expressions
- SCHEDULE 19 Company tax returns, etc.: minor and consequential amendments
- Taxes Management Act 1970 (c.9)
- Income and Corporation Taxes Act 1988 (c.1)
- SCHEDULE 20 Application of taper relief
- SCHEDULE 21 Amendments in connection with taper relief
- Introductory
- Gains of trustees attributed to settlor
- Annual exempt amount
- Gains attributed to members of non-resident companies
- Carry back of losses on death
- Gains attributed to settlors and beneficiaries
- Gains on assets deriving from reorganisation of body carrying on a mutual business etc.
- Commercial letting of furnished holiday dwellings
- Delayed remittances in respect of foreign assets
- SCHEDULE 22 Transitional provision and consequential amendments for section 131
- Introductory
- Transitional for settlements created before 17th March 1998
- Consequential amendments of paragraphs 4 and 5 of Schedule 5 to the 1992 Act
- Consequential amendment of paragraph 9 of Schedule 5 to the 1992 Act
- Consequential amendment of Schedule 5A
- SCHEDULE 23 Transitional provision in connection with section 132
- Pre-6th April 1999 gains and losses of settlements that become qualifying
- Pre-6th April 1999 gains and losses where there is a transfer to another settlement
- Pre-6th April 1999 gains and losses where there is a transfer to a foreign institution
- Rule to prevent a double charge
- Interpretation of Schedule
- SCHEDULE 24 Restrictions on setting losses against pre-entry gains
- SCHEDULE 25 Property of historic interest etc
- Meaning of “the 1984 Act"
- Claims for designation
- Property capable of designation
- Access to designated property
- Publication of information about designated property
- Undertakings on death, disposal of property, etc.
- Variation of undertakings
- SCHEDULE 26 National loans
- Amendment of National Loans Act 1968 (c.13)
- Amendment of Finance Act 1993 (c.34)
- Commencement
- SCHEDULE 27 Repeals
- Part I Excise duties
- (1) Drawback of duty on beer
- (2) Hydrocarbon oil duty
- (3) Vehicle excise duty: rates where pollution reduced
- (4) Vehicle excise and registration: nil licences
- (5) Assessments for excise duty purposes
- Part II Value added tax
- Part III Income tax, corporation tax and capital gains tax
- (1) Relief for qualifying maintenance payments
- (2) Advance corporation tax
- (3) Interest on gilt-edged securities
- (4) Rents and other receipts from land
- (5) Land managed as one estate etc.
- (6) Computation of profits of trade, profession or vocation
- (7) Construction workers supplied by agencies
- (8) Sub-contractors in the construction industry
- (9) Payments and other benefits in connection with termination of employment etc.
- (10) Travelling expenses
- (11) Foreign earnings deduction
- (12) PAYE: application to non-cash benefits
- (13) The enterprise investment scheme and venture capital trusts
- (14) Other changes to EISetc.
- (15) Individual savings accounts
- (16) Relief for losses on unlisted shares in trading companies
- (17) Carry forward of non-trading deficit on loan relationships
- (18) Capital allowances
- (19) Life policies, life annuities and capital redemption policies
- (20) Retirement benefit schemes
- (21) Personal pension schemes
- (22) Accrued income
- (23) Dealers in securities etc
- (24) Distributions and manufactured dividends: miscellaneous amendments
- (25) Transfer pricing etc
- (26) Directions by the Board
- (27) Controlled foreign companies
- (28) Company tax returns etc.
- (29) Chargeable gains: applicable rate
- (30) Chargeable gains: offshore settlements
- (31) Retirement relief
- (32) Abolition of certain CGT reliefs
- Part IV Inheritance tax
- Part V Other taxes
- (1) Insurance premium tax
- (2) Stamp duty
- (3) Abolition of gas levy
- (4) Dumping and subsidies
- Part VI Miscellaneous
- (1) Treasury bills
- (2) Securities
Feedback