Finance Act 1996
Finance Act 1996 (1996 c. 8)
- Finance Act 1996 (1996 c. 8)
- Part I Excise Duties
- Alcoholic liquor duties
- 1 Spirits: rate of duty.
- 2 Wine and made-wine: rates.
- 3 Cider: rate of duty.
- Hydrocarbon oil duties
- 4 Rates of duty and rebate.
- 5 Misuse of rebated kerosene.
- 6 Mixing of rebated oil.
- 7 Marked oil used as fuel for road vehicles.
- 8 Relief for marine voyages.
- Tobacco products duty
- 9 Rates of duty.
- Betting duties: rates
- 10 General betting duty.
- 11 Pool betting duty.
- Amusement machine licence duty
- 12 Licences for machines as well as premises.
- Air passenger duty
- 13 Pleasure flights.
- Vehicle excise duty
- 14 Increase in general rate.
- 15 Electrically propelled vehicles.
- 16 Steam powered vehicles etc.
- 17 Vehicles capable of conveying loads.
- 18 Old vehicles.
- 19 Old vehicles: further provisions.
- 20 Exemptions for vehicle testing: general.
- 21 Exemptions for vehicle testing in Northern Ireland.
- 22 Other provisions relating to Northern Ireland.
- 23 Licensing and registration.
- Repeal of certain drawbacks and allowances
- 24 Repeal of certain drawbacks and allowances.
- Part II Value Added Tax
- EC Second VAT Simplification Directive
- 25 EC Second VAT Simplification Directive.
- 26 Fiscal and other warehousing.
- 27 Value of imported goods.
- 28 Adaptation of aircraft and hovercraft.
- 29 Work on materials.
- Other provisions relating to charges to VAT
- 30 Refunds in connection with construction and conversion.
- 31 Groups: anti-avoidance.
- 32 Supplies of gold etc.
- 33 Small gifts.
- Payment and enforcement
- 34 Method of making payments on account.
- 35 Default surcharges.
- 36 Repeated misdeclaration penalty.
- 37 Penalties for failure to notify.
- 38 VAT invoices and accounting.
- Part III Landfill Tax
- The basic provisions
- 39 Landfill tax.
- 40 Charge to tax.
- 40A Disposals of material
- 41 Liability to pay tax.
- 42 Amount of tax.
- Exemptions
- 43 Material removed from water.
- 43A Contaminated land.
- 43B Contaminated land: certificates.
- 43C Site restoration.
- 44 Mining and quarrying.
- 44A Quarries.
- 45 Pet cemeteries.
- 46 Power to vary.
- Administration
- 47 Registration.
- 48 Information required to keep register up to date.
- 49 Accounting for tax and time for payment.
- 50 Power to assess: registered persons.
- 50A Power to assess: unregistered persons
- Credit
- 51 Credit: general.
- 52 Bad debts.
- 53 Bodies concerned with the environment.
- Review and appeal
- 54 Appeals
- 54A Offer of review
- 54B Right to require review
- 54C Review by HMRC
- 54D Extensions of time
- 54E Review out of time
- 54F Nature of review etc
- 54G Bringing of appeals
- 55 Appeals: further provisions
- 56 Appeals: other provisions.
- 57 Review and appeal: commencement.
- Miscellaneous
- 58 Partnership, bankruptcy, transfer of business, etc.
- 59 Groups of companies.
- 60 Information, powers, penalties, secondary liability, etc.
- 61 Taxable disposals: special provisions.
- 62 Taxable disposals: regulations.
- 63 Qualifying material: special provisions.
- 63A Qualifying fines: special provisions
- Interpretation
- 64 Disposal of material as waste.
- 65 Disposal by way of landfill.
- 65A Prescribed landfill site activities to be treated as disposals
- 66 Landfill sites.
- 67 Operators of landfill sites.
- 68 Weight of material disposed of.
- 69 Taxable activities.
- 70 Interpretation: other provisions.
- Supplementary
- 71 Orders and regulations.
- Part IV Income Tax, Corporation Tax and Capital Gains Tax
- Chapter I Principal provisions
- Income tax charge, rates and reliefs
- 72 Charge and rates of income tax for 1996-97.
- 73 Application of lower rate to income from savings.
- 74 Personal allowances for 1996-97.
- 75 Blind person’s allowance.
- 76 Limit on relief for interest.
- Corporation tax charge and rate
- 77 Charge and rate of corporation tax for 1996.
- 78 Small companies.
- Abolition of Schedule C charge etc.
- 79 Abolition of Schedule C charge etc.
- Chapter II Loan relationships
- Introductory provisions
- 80 Taxation of loan relationships.
- 81 Meaning of “loan relationship” etc.
- Taxation of profits and gains and relief for deficits
- 82 Method of bringing amounts into account.
- 83 Non-trading deficit on loan relationships.
- Computational provisions etc.
- 84 Debits and credits brought into account.
- 84A Exchange gains and losses from loan relationships
- 85A Computation in accordance with generally accepted accounting practice
- 85B Amounts recognised in determining company’s profit or loss
- 85C Amounts not fully recognised for accounting purposes
- 87 Accounting method where parties have a connection.
- 87A Meaning of “control” in section 87
- 88 Exemption from section 87 in certain cases.
- 88A Accounting method where rate of interest is reset
- 89 Inconsistent application of accounting methods.
- 90 Changes of accounting method.
- 90A Change of accounting basis applicable to assets or liabilities
- 91 Payments subject to deduction of tax.
- Shares treated as loan relationships
- 91A Shares subject to outstanding third party obligations
- 91B Non-qualifying shares
- 91C Condition 1 for section 91B(6)(b)
- 91D Condition 2 for section 91B(6)(b)
- 91E Condition 3 for section 91B(6)(b)
- 91F Power to add, vary or remove Conditions for section 91B(6)(b)
- 91G Shares beginning or ceasing to be subject to section 91A or 91B
- Partnerships
- 91H Payments in return for capital contribution
- 91I Change of partnership shares
- Special cases
- 92 Convertible securities etc: creditor relationships
- 92A Convertible securities etc: debtor relationships
- 93 Relationships linked to the value of chargeable assets.
- 93A Relationships linked to the value of chargeable assets: guaranteed returns
- 93B Loan relationships ceasing to be within section 93
- 93C Creditor relationships and benefit derived by connected persons
- 94 Indexed gilt-edged securities.
- 94A Loan relationships with embedded derivatives
- 94B Loan relationships treated differently by connected debtor and creditor
- 95 Gilt strips.
- 96 Special rules for certain other gilts.
- 97 Manufactured interest.
- 98 Collective investment schemes.
- 99 Insurance companies.
- Miscellaneous other provisions
- 100 Money debts etc not arising from the lending of money
- 101 Financial instruments.
- 102 Discounted securities: income tax provisions.
- Supplemental
- 103 Interpretation of Chapter.
- 104 Minor and consequential amendments.
- 105 Commencement and transitional provisions.
- Chapter III Provisions relating to the Schedule E charge
- 106 Living accommodation provided for employees.
- 107 Beneficial loans.
- 108 Incidental benefits for holders of certain offices etc.
- 109 Charitable donations: payroll deduction schemes.
- 110 PAYE settlement agreements.
- Chapter IV Share Options, Profit Sharing and Employee Share Ownership
- Share options
- 111 Amount or value of consideration for option.
- 112 Release and replacement.
- Savings-related share option schemes
- 113 Exercise of rights by employees of non-participating companies.
- Other share option schemes
- 114 Requirements to be satisfied by approved schemes.
- 115 Transitional provisions.
- Profit sharing schemes
- 116 The release date.
- 117 The appropriate percentage.
- 118 The appropriate allowance.
- Employee share ownership trusts
- 119 Removal of requirement for at least one year’s service.
- 120 Grant and exercise of share options.
- Chapter V Self Assessment, General Management etc.
- General
- 121 Returns and self assessment.
- 122 Notional tax deductions and payments.
- 123 Liability of partners.
- 124 Retention of original records.
- 125 Determination of tax where no return delivered.
- 126 PAYE regulations.
- 127 Repayment postponed pending completion of enquiries.
- 128 Claims for reliefs involving two or more years.
- 129 Claims for medical insurance and vocational training relief.
- 130 Procedure for giving notices.
- 131 Interest on overdue tax.
- 132 Overdue tax and excessive payments by the Board.
- 133 Claims and enquiries.
- 134 Discretions exercisable by the Board etc.
- 135 Time limits for claims etc.
- 136 Appeals.
- Companies
- 137 Schedules 13 and 16 to the Taxes Act 1988.
- 138 Accounting periods.
- 139 Surrenders of advance corporation tax.
- Chargeable gains
- 140 Transfer of company’s assets to investment trust.
- 141 Roll-over relief.
- 142 Premiums for leases.
- Chapter VI Miscellaneous provisions
- Reliefs
- 143 Annual payments under certain insurance policies.
- 144 Vocational training.
- 145 Personal reliefs for non-resident EEA nationals.
- 146 Exemptions for charities.
- 147 Withdrawal of relief for Class 4 contributions.
- 148 Mis-sold personal pensions etc.
- 149 Annual payments in residuary cases.
- 150 Income tax exemption for periodical payments of damages and compensation for personal injury.
- Taxation of benefits
- 151 Benefits under pilot schemes.
- 152 Jobfinder’s grant.
- Investments
- 153 Foreign income dividends.
- 154 FOTRA securities.
- 155 Directions for payment without deduction of tax.
- 156 Paying and collecting agents etc.
- 157 Stock lending fees.
- 158 Transfers on death under the accrued income scheme.
- 159 Manufactured payments, repos, etc.
- 160 Investments in housing.
- 161 Venture capital trusts: control of companies etc.
- Insurance policies
- 162 Qualifying life insurance policies: certification.
- Insurance companies
- 163 Life assurance business losses.
- 164 Limits on relief for expenses.
- 165 Annual payments under insurance policies: deductions.
- 166 Equalisation reserves.
- 167 Industrial assurance business.
- 168 Capital redemption business.
- 169 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 170 Time for amending and enquiring into returns.
- Friendly societies
- 171 Life or endowment business.
- Personal pension schemes
- 172 Return of contributions on or after death of member.
- Participators in close companies
- 173 Loans to participators etc.
- 174 Attribution of gains to participators in non-resident companies.
- Cancellation of tax advantages
- 175 Transactions in certain securities.
- Chargeable gains: reliefs
- 176 Retirement relief: age limits.
- 177 Reinvestment relief on disposal of qualifying corporate bond.
- Special cases
- 178 Sub-contractors in the construction industry.
- 179 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 180 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 181 Overseas petroleum.
- 182 Controlled foreign companies.
- Part V Inheritance tax
- 183 Rate bands.
- 184 Business property relief.
- 185 Agricultural property relief.
- Part VI Stamp Duty and Stamp Duty Reserve Tax
- Stamp duty
- 186 Transfers of securities to members of electronic transfer systems etc.
- Stamp duty reserve tax
- 187 Territorial scope of the tax.
- 188 Removal of the two month period.
- 189 Transfers to members of electronic transfer systems etc.
- 190 Transfers between associated bodies.
- 191 Stock lending and collateral security arrangements.
- 192 Repayment or cancellation of tax.
- 193 Depositary receipts.
- 194 Rates of charge expressed as percentages.
- 195 Regulations concerning administration: sub-delegation to the Board.
- Clearance services
- 196 Election by operator for alternative system of charge.
- Part VII Miscellaneous and supplemental
- Miscellaneous: indirect taxation
- 197 Setting of rates of interest.
- Miscellaneous: direct taxation
- 198 Banks.
- 199 Quotation or listing of securities.
- 200 Domicile for tax purposes of overseas electors.
- 201 Enactment of Inland Revenue concessions.
- Miscellaneous: other matters
- 202 Gilt stripping.
- 203 Modification of the Agriculture Act 1993.
- Supplemental
- 204 Interpretation.
- 205 Repeals.
- 206 Short title.
- SCHEDULES
- SCHEDULE 1 Mixing of rebated oil
- SCHEDULE 2 Vehicle licensing and registration
- Vehicle licences
- Trade licences
- Registration regulations
- Surrender of licences: repayments
- Offences
- Offences: information and admissions
- Proceedings in respect of offences
- Compounding of offences
- Regulations
- SCHEDULE 3 Value added tax: Fiscal and other warehousing
- SCHEDULE 4 Value added tax: anti-avoidance provisions
- SCHEDULE 5 Landfill Tax
- Part I Information and samples
- Information: general
- Information: material at landfill sites
- Information: site restoration
- Site information
- Records: taxable persons
- Records: material at landfill sites and other
- Information: qualifying fines
- Samples: qualifying fines
- Documents
- Part II Powers
- Entry and inspection
- Entry and search
- Arrest
- Order for access to recorded information etc.
- Removal of documents etc.
- Power to take samples
- Part III Recovery
- General
- Preferential and preferred debts
- Distress and diligence
- Recovery of overpaid tax
- Part IV Criminal Penalties
- Criminal offences
- Criminal penalties
- Criminal proceedings etc.
- Part V Civil Penalties
- Evasion
- Misdeclaration or neglect
- Registration
- Information
- Breach of regulations
- Controlled Goods Agreements
- Walking possession agreements
- Mitigation of penalties
- Part VI Interest
- Interest on under-declared tax
- Interest on unpaid tax etc.
- Interest payable by Commissioners
- Part VII Miscellaneous
- Security for tax
- Assessments to penalties etc.
- Assessments: time limits
- Supplementary assessments
- Disclosure of information
- Publication of information by Commissioners
- Evidence by certificate etc.
- Service of notices etc.
- No deduction of penalties or interest
- Destination of receipts
- Set-off of amounts
- Amounts shown as tax on invoices
- Adjustment of contracts
- Adjustment of rent etc.
- Part VIII Secondary liability: controllers of landfill sites
- Meaning of controller
- Secondary liability
- Operator entitled to credit
- Payment of secondary liability
- Assessments
- Assessment withdrawn or reduced
- Adjustments
- Amounts payable to be treated as tax
- Controller not carrying out taxable activity
- Joint and several liability
- Interest payable by a controller
- Reviews and Appeals
- Notice that person is, or is no longer, a controller
- Extension of time limits where notice not served
- SCHEDULE 6 Taxation of savings at the lower rate
- The Taxes Management Act 1970 (c. 9)
- The Taxes Act 1988
- The Finance Act 1989 (c. 26)
- The Taxation of Chargeable Gains Act 1992 (c. 12)
- Commencement of Schedule
- SCHEDULE 7 Transfer of charge under Schedule C to Schedule D
- Amendments of the Taxes Act 1988
- Other amendments
- Commencement, etc.
- Position of paying and collecting agents
- Position of taxpayers
- Times to which paragraphs 33 and 34 apply
- SCHEDULE 8 Loan relationships: claims etc relating to deficits
- Claim to set off deficit against other profits for the deficit period
- Claim to treat deficit as eligible for group relief
- Claim to carry back deficit to previous accounting periods
- Carry forward of deficit to succeeding accounting periods
- Construction of Schedule
- SCHEDULE 9 Loan relationships: special computational provisions
- Distributions
- Insurance company liabilities
- Late interest
- Options et ceteralaetc.
- Foreign exchange gains and losses
- Deemed release of liability on impaired debt becoming held by connected company
- Release of liability under debtor relationship : cases in which credit need not be brought into account
- Release of liability under creditor relationship: application of provisions relating to impairment losses
- Impairment losses and consortium relief
- Impairment losses where parties have a connection
- Impairment losses : parties having connection and creditor in insolvent liquidation etc
- Impairment losses: companies becoming connected
- Impairment losses: cessation of connection
- Restriction on bringing into account debits resulting from revaluation
- Writing-off of government investments
- Restriction on writing off overseas sovereign debt et ceteralaetc.
- Further restriction on bringing into account losses on overseas sovereign debt et ceteralaetc.
- Imported losses et ceteralaetc.
- Deemed assignment of assets and liabilities on company ceasing to be resident in UKetc
- Transactions not at arm’s length
- Exchange gains and losses where loan not on arm’s length terms
- Disposals for consideration not fully recognised by accounting practice
- Continuity of treatment: groups et ceteralaetc.
- Transferee leaving group after replacing transferor as party to loan relationship
- European cross-border merger
- Cross-border transfer of business within European Community
- Exchanges, &c.: treatment of loan relationships
- Transparent entities
- Loan relationships for unallowable purposes
- Debits and credits treated as relating to capital expenditure
- Debits and credits recognised in equity or shareholders' funds
- Repo and stock-lending transactions and other transactions where a company ceases to be party to a loan relationship
- Amounts imputed under Schedule 28AA to the Taxes Act 1988
- Deeply discounted securities where companies have a connection
- Deeply discounted securities of close companies
- Partnerships involving companies
- Adjustment on change of accounting policy
- Power to make further provision by regulations
- Interpretation of references to major interests
- SCHEDULE 10 Loan relationships: collective investment schemes
- Investment trusts: capital profits, gains or losses
- Venture capital trusts: capital profits, gains or losses
- Authorised unit trusts : capital profits, gains or losses
- Open-ended investment companies : capital profits, gains or losses
- Distributing offshore funds
- Company holdings in unit trusts and offshore funds
- Holding becoming or ceasing to be paragraph 4 holding
- Opening valuation of paragraph 4 holding
- Meaning of offshore funds
- Non-qualifying investments test
- Powers to make orders
- SCHEDULE 11 Loan relationships: special provisions for insurers
- Part I Insurance companies
- I minus E basis
- Rules for different categories of business
- Apportionments
- Treatment of deficit
- Election for accruals basis for long term business assets
- Interpretation of Part I
- Part II Corporate members of Lloyd’s
- SCHEDULE 13 Discounted securities: income tax provisions
- Charge to tax on realised profit comprised in discount
- Realised losses on discounted securities
- Meaning of “relevant discounted security”
- Issue price etc of securities issued in accordance with qualifying earn-out right
- Meaning of “transfer”
- Redemption to include conversion
- Trustees and personal representatives
- Treatment of losses where income exempt
- Transfers between connected persons
- Other transactions deemed to be at market value
- Securities issued to connected person etc at price in excess of market value: transfer to connected person
- Issue of securities in separate tranches
- Accrued income scheme
- Assets transferred abroad
- Excluded indexed securities
- Meaning of corporate strip and conversion into corporate strips
- Corporate strips deemed to be relevant discounted securities
- Corporate strips: manipulation of acquisition, sale or redemption price
- Corporate strips: manipulation of price: associated payment giving rise to CGT loss
- Strips of government securities
- Strips of government securities: losses
- Strips of government securities: manipulation of acquisition, sale or redemption price
- Strips: manipulation of price: associated payment giving rise to capital gains tax loss
- Restriction of profits and losses on strips by reference to original acquisition cost
- Market value of strips etc for the purposes of paragraphs 8, 9, 14 and 14B
- General interpretation
- Application of Schedule for income tax purposes only
- SCHEDULE 14 Loan relationships: minor and consequential amendments
- The Taxes Management Act 1970 (c. 9)
- The Inheritance Tax Act 1984 (c. 51)
- The Airports Act 1986 (c. 31)
- The Gas Act 1986 (c. 44)
- The Taxes Act 1988
- The British Steel Act 1988 (c. 35)
- The Finance Act 1989 (c. 26)
- The Finance Act 1990 (c. 29)
- The Taxation of Chargeable Gains Act 1992 (c. 12)
- The Finance Act 1993 (c. 34)
- The Finance Act 1994 (c. 9)
- SCHEDULE 15 Loan relationships: savings and transitional provisions
- Part I Corporation tax
- Application and interpretation of Part I
- Loan relationships terminated before 1st April 1996
- Basic rules for transitional accounting periods
- Adjustment of opening value where new accounting basis adopted as from an accounting period beginning on 1st April 1996
- Application of accruals basis to pre-commencement relationships
- Adjustments in respect of pre-commencement trading relationships
- Method of giving effect to paragraph 5 adjustments
- General savings for the taxation of chargeable gains
- Transitional provision for chargeable assets held after commencement
- Election for alternative treatment of amounts specified in paragraph 8
- Adjustments of opening value for mark to market accounting in the case of chargeable assets
- Other adjustments in the case of chargeable assets etc.
- Reduction of paragraph 11 credit where s.251(4) of 1992 Act prevents paragraph 8 loss
- Notional closing values of relevant assets
- Further transitional rules for interest under loan relationships
- Transitional in respect of incidental expenses already allowed
- Holdings of unit trusts etc.
- Bad debt relieved before commencement
- Transitional for overseas sovereign debt etc.
- Transitional for accrued income scheme
- Deep discount securities
- Deep gain securities
- Convertible securities
- Transitional and savings for Chapter II of Part II of the Finance Act 1993
- Carrying back non-trading losses against exchange profits etc.
- Exchange losses etc. carried forward from before 1st April 1996
- Transitional for debt contracts and options to which Chapter II of Part IV of the Finance Act 1994 is applied
- Part II Income tax and capital gains tax
- Application and interpretation of Part II
- Qualifying indexed securities
- Transitional in relation to qualifying corporate bonds
- SCHEDULE 16 Share option schemes approved before passing of this Act
- Preliminary
- Limit on aggregate value of options
- Price at which scheme shares may be obtained
- Approval of the Board to alterations
- Interpretation
- SCHEDULE 17 Claims for relief involving two or more years
- Preliminary
- Loss relief
- Relief for fluctuating profits of farming etc.
- Relief claimed by virtue of section 96(9)
- Carry-back of post-cessation etc. receipts
- Backward spreading of certain payments
- SCHEDULE 18 Overdue tax and excessive payments by the Board
- The Taxes Management Act 1970
- The Taxes Act 1988
- The Finance Act 1989
- The Finance Act 1991
- The Taxation of Chargeable Gains Act 1992
- The Finance Act 1995
- Commencement
- SCHEDULE 19 Self-assessment: claims and enquiries
- Introductory
- Matters subject to enquiry
- Power to call for documents
- Further amendments of section 28A
- Further amendments of section 28B
- Right of appeal against notice disallowing claim in return
- Claims not included in returns
- Right of appeal against notice disallowing claim not in return
- SCHEDULE 20 Self-assessment: discretions exercisable by the Board etc.
- The Taxes Act 1988
- The Capital Allowances Act 1990
- The Taxation of Chargeable Gains Act 1992
- The Finance Act 1993
- The Finance Act 1994
- SCHEDULE 21 Self-assessment: time limits
- The Taxes Act 1988
- The Finance Act 1988 (c. 39)
- The Capital Allowances Act 1990 (c. 1)
- The Taxation of Chargeable Gains Act 1992 (c. 12)
- The Finance (No. 2) Act 1992 (c. 48)
- The Finance Act 1994 (c. 9)
- SCHEDULE 22 Self-assessment: appeals
- The Taxes Management Act 1970
- Section 102 of the Taxes Act 1988
- Commencement of Schedule
- SCHEDULE 23 Self-assessment: Schedules 13 and 16 to the Taxes Act 1988
- Part I Schedule 13 to the Taxes Act 1988
- Part II Schedule 16 to the Taxes Act 1988
- SCHEDULE 24 Self-assessment: accounting periods etc.
- Part I Amendments of the Taxes Management Act 1970
- Introductory
- Power to enquire into return for wrong period, etc.
- Amendment of return for wrong period
- Failure to deliver return: determinations
- Commencement
- Part II Other amendments
- General
- Repeal of section 8A of the Taxes Act 1988
- Determination of accounting date
- Companies in liquidation
- Construction of references to assessments
- SCHEDULE 25 Self-assessment: surrenders of advance corporation tax
- Amendments of section 240 of the Taxes Act 1988
- The new Schedule 13A to the Taxes Act 1988
- Other amendments
- SCHEDULE 26 Damages and compensation for personal injury
- SCHEDULE 27 Foreign income dividends
- Companies that pay FIDs
- Recipients of FIDs
- Calculation of the distributable foreign profit and the notional foreign source ACT
- International headquarters company
- Life assurance business charged under Case I of Schedule D
- Foreign income distributions to corporate unit holders
- SCHEDULE 28 FOTRA securities: consequential amendments
- The Taxes Act 1988
- The Inheritance Tax Act 1984 (c. 51)
- SCHEDULE 29 Paying and Collecting Agents etc.
- Part I The New Chapter
- Part II Other Provisions
- Penalties
- Amendments of the Taxes Act 1988
- Amendment of the Finance Act 1989
- SCHEDULE 30 Investments in housing
- Reduced rate of corporation tax
- Investments in housing by investment trusts
- Commencement
- SCHEDULE 31 Life assurance business losses
- Expenses of management
- Computation of losses and limitation on relief
- Spreading of relief for acquisition expenses
- Ascertainment of losses
- Application of surplus in reduction of certain losses
- Meaning of “brought into account” in sections 83AA and 83AB
- Enactments disapplying section 83(3) of the Finance Act 1989
- Overseas life insurance companies
- Transitional provisions
- Commencement
- SCHEDULE 32 Equalisation reserves
- SCHEDULE 33 Management expenses of capital redemption business
- Amendment of section 76 of Taxes Act
- Treatment of capital redemption business
- Overseas life insurance companies
- Commencement
- SCHEDULE 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Part I Amendments of Schedule 19AB to the Taxes Act 1988
- Part II Amendments of Schedule 19AC to the Taxes Act 1988
- SCHEDULE 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Preliminary
- Amendment of provisions relating to roll-over relief in respect of ships
- Commencement
- SCHEDULE 36 Controlled foreign companies
- SCHEDULE 37 Banks
- Part I “Bank” re-defined for certain purposes
- Part II Amendments of the Taxes Act 1988
- Provisions in which new meaning of “bank” applies
- Related amendments
- Application
- Part III Other amendments
- Amendments of the Management Act
- Amendments of the Inheritance Tax Act 1984
- SCHEDULE 38 Quotation or listing of securities
- The Finance Act 1973
- The Inheritance Tax Act 1984
- The Taxes Act 1988
- The Taxation of Chargeable Gains Act 1992
- SCHEDULE 39 Enactment of Certain Inland Revenue Extra-Statutory Concessions
- Part I Income Tax and Corporation Tax
- Capital Allowances
- Contributions to overseas pension schemes
- Part II Chargeable Gains
- Treatment of compensation and insurance money
- Assets of negligible value
- Settled Property
- Retirement Relief
- Relief for loans to traders
- Relief for debts on qualifying corporate bonds
- Part III Stamp Duty
- Lost or spoiled instruments
- SCHEDULE 40 Gilt stripping: taxation provisions
- The Stamp Act 1891 (c. 39)
- The Taxes Act 1988
- The Taxation of Chargeable Gains Act 1992 (c. 12)
- SCHEDULE 41 Repeals
- Part I Hydrocarbon Oil Duty: relief for marine voyages
- Part II Vehicle Excise and Registration
- Part III Excise duties: repeal of drawbacks etc.
- Part IV Value Added Tax
- Part V Income Tax, Corporation Tax and Capital Gains Tax
- Part VI Inheritance Tax
- Part VII Stamp duty and stamp duty reserve tax
- Part VIII Miscellaneous
Feedback