Finance Act 2017
Finance Act 2017 (2017 c. 10)
- Finance Act 2017 (2017 c. 10)
- Part 1 Direct and indirect taxes
- Income tax charge and rates
- 1 Income tax charge for tax year 2017-18
- 2 Main rates of income tax for tax year 2017-18
- 3 Default and savings rates of income tax for tax year 2017-18
- 4 Starting rate limit for savings for tax year 2017-18
- Corporation tax charge
- 5 Corporation tax charge for financial year 2018
- Income tax: general
- 6 Workers' services provided to public sector through intermediaries
- 7 Optional remuneration arrangements
- 8 Taxable benefits: asset made available without transfer
- 9 Overseas pensions
- 10 Pensions: offshore transfers
- 11 Deduction of income tax at source
- Employee shareholder shares
- 12 Employee shareholder shares: amount treated as earnings
- 13 Employee shareholder shares: abolition of CGT exemption
- 14 Employee shareholder shares: purchase by company
- Disguised remuneration
- 15 Employment income provided through third parties
- Indirect taxes
- 16 VAT: zero-rating of adapted motor vehicles etc
- 17 Insurance premium tax: standard rate
- 18 Insurance premium tax: anti-forestalling provision
- 19 Air passenger duty: rates from 1 April 2017
- 20 Vehicle excise duty: rates
- 21 Alcoholic liquor duties: rates
- 22 Tobacco products duty: rates
- 23 Tobacco products duty: minimum excise duty
- Avoidance
- 24 Promoters of tax avoidance schemes: threshold conditions etc
- Part 2 Soft drinks industry levy
- Introductory
- 25 Soft drinks industry levy
- 26 “Soft drink” and “package”
- 27 Meaning of “prepared drink”
- Chargeable soft drinks
- 28 Meaning of “chargeable soft drink”
- 29 Sugar content condition
- 30 Exempt soft drinks
- Charging of the soft drinks industry levy
- 31 Charge to soft drinks industry levy
- 32 Chargeable events: soft drinks packaged in the UK
- 33 Chargeable events: soft drinks imported into the UK
- 34 Secondary warehousing regulations
- 35 Liability to pay the levy
- 36 Levy rates
- 36A Determining levy rate for flavour concentrates
- Exemption etc
- 37 Small producer exemption
- 38 Meaning of “small producer”
- 39 Tax credits
- Registration
- 40 The register
- 41 Liability to register: packagers
- 42 Liability to register: producers
- 43 Liability to register: imported chargeable soft drinks
- 44 Notification of liability and registration
- 45 Voluntary registration: small producers
- 46 Cancellation of registration under section 41, 42 or 43
- 47 Cancellation of voluntary registration
- 48 Correction of the register
- 49 Applications, notifications etc
- Offences
- 50 Fraudulent evasion
- 51 Failure to notify registration liability
- Administration and enforcement
- 52 Payment, collection and recovery
- 53 Records
- 54 Power to make further provision about enforcement
- 55 Appeals etc
- 56 Supplementary amendments
- Miscellaneous
- 57 Regulations: death, incapacity or insolvency of person carrying on a business
- 58 Provisional collection of soft drinks industry levy
- 58A Isle of Man: import and export of chargeable soft drinks
- General
- 59 Interpretation of Part 2
- 60 Regulations
- 61 Commencement
- Part 3 Final
- 62 Interpretation
- 63 Short title
- SCHEDULES
- SCHEDULE 1 Workers' services provided to public sector through intermediaries
- Part 1 Preliminary amendments
- Part 2 New Chapter 10 of Part 2 of ITEPA 2003
- Part 3 Consequential amendments
- Part 4 Commencement
- SCHEDULE 2 Optional remuneration arrangements
- Optional remuneration arrangements
- Benefits in kind: amount treated as earnings
- Exemptions
- Other amendments
- Commencement and transitional provision
- SCHEDULE 3 Overseas pensions
- Part 1 Registered pension schemes established outside the UK
- Part 2 Income tax on pension income
- UK residents to be taxed on 100%, not 90%, of foreign pension income
- Superannuation funds to which section 615(3) of ICTA applies
- Part 3 Lump sums for UK residents from foreign pension schemes
- Introductory
- Employer-financed retirement benefit schemes: ending of foreign-service relief
- Lump sums under other foreign schemes
- Relief from tax under Part 9 of ITEPA 2003 not to give rise to tax under other provisions
- SCHEDULE 4 Pensions: offshore transfers
- Part 1 Charges where payments made in respect of overseas pensions
- Amendments of Schedule 34 to FA 2004
- Consequential amendments in ITEPA 2003
- Part 2 Income tax on pension transfers: overseas transfer charge
- Tax charge on transfers to qualifying recognised overseas pension schemes
- Further amendments in Part 4 of FA 2004.
- Other amendments
- Commencement and transitional provision
- SCHEDULE 5 Deduction of income tax at source
- Part 1 Interest distributions of investment trust or authorised investment fund
- Part 2 Interest on peer-to-peer lending
- Part 3 Further amendment and commencement
- Further amendment
- Commencement
- SCHEDULE 6 Employment income provided through third parties
- Introductory
- Meaning of “relevant step”
- Loans: transferring, releasing or writing off
- Exclusions: relevant repayments
- Exclusions: payments in respect of a tax liability
- Double taxation
- Amendments to Schedule 2 to FA 2011
- Commencement
- SCHEDULE 7 VAT: zero-rating of adapted motor vehicles etc
- Adaptation of a qualifying motor vehicle
- Three year rule, reporting and certification
- Penalty
- Minor amendments
- Commencement
- SCHEDULE 8 Soft drinks industry levy: recovery and overpayments
- Part 1 Recovery
- Recovery as debt due
- Assessments
- Supplementary assessments
- Further provision about assessments under paragraphs 2, 4 and 5
- Time limits for assessments
- Part 2 Overpayments
- Repayments of overpaid levy
- Supplementary provisions about repayment etc.
- Reimbursement arrangements
- Assessment for excessive repayment
- Supplementary assessments
- Further provision about assessments under paragraphs 12 and 13
- Time limits for assessments
- Part 3 Further provision about notices etc.
- Notifications to a person's representative
- Service of notices
- SCHEDULE 9 Soft drinks industry levy: requirements to keep records etc: penalties
- Part 1 Penalties
- Sections 48(2) and 53(1): requirements imposed by regulations
- Section 53(2): requirements imposed by directions
- Power to alter amounts specified in paragraphs 1 and 2
- Reasonable excuse
- Part 2 Assessments
- Power to make assessments
- Supplementary assessments
- Further provision about assessments under this Schedule
- Time limits for assessments
- Further provision about notices
- SCHEDULE 10 Soft drinks industry levy: appeals and reviews
- Part 1 Appealable decisions
- Appealable decisions
- Part 2 Reviews
- Offer of review
- Right to require review
- Review by HMRC
- Extensions of time
- Review out of time
- Nature of review etc.
- Service of notices
- Part 3 Appeals
- “Appeal tribunal”
- Bringing of appeals
- Appeals: further provision
- Determinations on appeal
- SCHEDULE 11 Soft drinks industry levy: supplementary amendments
- HMRC powers to obtain information etc.
- Penalties: failure to notify etc.
- Penalties: failure to comply with requirements relating to returns
- Interest
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