Finance (No. 3) Act 2010
Finance (No. 3) Act 2010 (2010 c. 33)
- Finance (No. 3) Act 2010 (2010 c. 33)
- Part 1 Income tax, corporation tax and capital gains tax
- Income tax and corporation tax
- 1 Shared lives care
- 2 Payments to special guardians and those in receipt of residence orders
- 3 Qualifying care relief: capital allowances
- 4 Seafarers' earnings
- 5 Venture capital schemes
- 6 Enterprise management incentives
- 7 Settlor to return excess repayment to trustees etc
- 8 Collection of income tax where sum deducted by payer
- 9 Company distributions
- 10 REITs: stock dividends
- 11 Financing costs and income of group companies
- 12 Consortium claims for group relief
- 13 R&D relief for SMEs: removal of intellectual property condition
- 14 Film tax credit: unused losses
- 15 Insurance business transfer schemes: non-profit fund transferred assets
- Chargeable gains
- 16 Capital gains tax private residence relief: adult placement carers
- 17 Reinvestment of ring fence assets: acquisition by member of group
- Capital allowances
- 18 First-year allowances on zero-emission goods vehicles
- Part 2 Other taxes and duties
- Value added tax
- 19 Non-business use of business assets etc
- 20 Supplies of gas, heat or cooling
- 21 Supplies of aircraft etc
- 22 Postal services etc
- Tobacco products duty
- 23 Long cigarettes
- Landfill tax
- 24 Landfill tax: criteria for determining material to be subject to lower rate
- Part 3 Administration
- 25 Interest: corporation tax and petroleum revenue tax
- 26 Penalties for failure to make returns etc
- 27 Penalties for failure to pay tax
- 28 Recovery of overpaid stamp duty land tax and petroleum revenue tax etc
- 29 Excise duties: compliance checks
- Part 4 Miscellaneous provisions
- 30 Pension scheme under section 67 of Pensions Act 2008
- 31 Asbestos compensation settlements
- Part 5 Final provisions
- 32 Interpretation
- 33 Short title
- SCHEDULES
- SCHEDULE 1 Shared lives care
- Extension of foster-care relief
- Consequential amendments
- Commencement
- Transitional provision
- SCHEDULE 2 Venture capital schemes
- Enterprise investment scheme
- Venture capital trusts
- Interpretation
- Consequential repeal
- Commencement of amendments relating to 70% eligible shares condition
- Commencement of other provisions of this Schedule
- Meaning of “the commencement day”
- SCHEDULE 3 Company distributions
- Meaning of “distribution” in the Corporation Tax Acts
- Meaning of “distribution” in Income Tax Acts
- Distributions subject to the charge to corporation tax on income
- Distributions giving rise to deemed disposals
- Commencement
- Treatment of distributions of UK resident companies made before 1 July 2009
- Election to opt out of effect of Schedule in relation to a distribution made before 22 June 2010
- SCHEDULE 4 REITs: stock dividends
- Amendment of TCGA 1992
- Amendment of ITA 2007
- Amendment of CTA 2010
- Commencement
- SCHEDULE 5 Financing costs and income of group companies
- Introduction
- Amendment of Chapter 1 (introduction)
- Amendments of Chapter 2 (application of Part)
- Amendments of Chapter 3 (disallowance of deductions)
- Amendment of Chapter 4 (exemption of financing income)
- Amendments of Chapter 5 (intra-group financing income where payer denied deduction)
- Amendments of Chapter 7 (“financing expense amount” and “financing income amount”)
- Amendment of Chapter 8 (the “tested expense amount” and “tested income amount”)
- Amendments of Chapter 9 (the “available amount”)
- Amendments of Chapter 10 (other interpretative provisions)
- Amendment of transitional provision
- Amendments of index of defined expressions
- Commencement
- Election to defer the application of some of the amendments made by this Schedule
- SCHEDULE 6 Consortium claims for group relief
- Introductory
- Ability to claim group relief where link company established in the EEA
- Limitations on group relief based on proportion of voting power held by company
- Limitations on group relief where arrangements preventing control are in place
- Commencement
- SCHEDULE 7 First-year allowances for zero-emission goods vehicles
- SCHEDULE 8 Value added tax: non-business use of business assets etc
- Input tax
- Non-business use of certain assets not to be treated as supply of services
- Output tax charge where credit attributable to purported paragraph 5(4) supply
- SCHEDULE 9 Interest
- Part 1 Corporation tax
- Amendments of sections 101 to 104
- Amendments of Schedule 53
- Amendments of Schedule 54
- New Schedule
- Part 2 Petroleum revenue tax
- SCHEDULE 10 Penalty for failure to make returns etc
- SCHEDULE 11 Penalty for failure to make payments on time
- SCHEDULE 12 Recovery of overpaid tax etc
- Part 1 Stamp duty land tax
- New provisions relating to overpaid tax
- Consequential amendments
- Part 2 Petroleum revenue tax
- Claims for recovery of overpaid tax etc
- Consequential amendments
- SCHEDULE 13 Excise duties: compliance checks
- Part 1 Record-keeping
- Part 2 Time limits
- Assessments
- Claims
- Part 3 Information and inspection powers
- SCHEDULE 14 Asbestos compensation settlements
- Inheritance tax
- Capital gains tax
- Income tax
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