OpenLegislation

Finance Act 1984

1984 c. 43 · Enacted 26 July 1984 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 22 February 2024.

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.[26th July 1984]X1I1X2C1

Annotations to the whole text

Modifications

C1

Act amended (27.7.1993) by 1993 c. 34, s. 84(3)

Commencement

I1

Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991. Some provisions came into force at specific times of the day.

Editorial notes

X1

Ss. 1-3, 8, 9, 14, 15, 128(1) (6), Schs. 1, 4, 5, 23 Pts. I, IV from group 40:1; ss 10-13, 16, 128(1) (6), Schs. 6, 23 Pt. III from group 40:2; ss 4, 5, 128(1), Sch. 2 from group 107:2; ss 17-62, 72-91, 113-116, 124, 126, 127, 128(1)-(3) (5) (6), Schs. 7-12, 15-18, 22, 23 Pts V-VII, XIII from group 63:1; ss 63-71, 92-100, 128(1)-(3)(6), Schs. 13, 14, 19, 20, 23 Pt. VIII from group 63:2; ss. 101-108, 128(1)(4)(6), Schs 21, 23 Pt. IX from group 65; ss. 109-122, 128(1)(6), Sch. 23 Pt X from group 114; ss. 117, 128(1)(6), Sch. 23 Part XI from 113:1; 125, 128(1)(6), Sch. 23 Pt. XIV from group 99:3; ss. 6, 7, 128(1)(6), Sch. 3, 23 Pt. II from group 12:2

X2

General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

Contents

  1. ICustoms and Excise, Value Added Tax and Car Tax
  2. Part Chapter I: Customs and Excise
  3. 1Duties on spirits, beer, wine, made-wine and cider.
  4. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  5. 3Hydrocarbon oil.
  6. 4Section 4
  7. 5Vehicles excise duty: recipients of mobility supplement.
  8. 6Gaming licence duty.
  9. 7Gaming machine licence duty.
  10. 8Free zones.
  11. 9Entry of goods on importation.
  12. Part Chapter II: Value Added Tax
  13. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  14. 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  15. 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  16. 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. Part Chapter III: Miscellaneous
  18. 14Reliefs from duty and value added tax in respect of imported legacies.
  19. 15Extension to certain Community reliefs of power to make supplementary provision.
  20. 16Unpaid car tax and value added tax: distress and poinding. Repealed
  21. IIINCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX ETC.
  22. Part CHAPTER I: GENERAL
  23. 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  24. 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  25. 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  26. 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  27. 45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  28. 50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  29. 51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  30. 56Section 56
  31. 57Proceedings in magistrates’ courts and county courts.
  32. Part CHAPTER II: CAPITAL ALLOWANCES
  33. 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  34. Part CHAPTER III: CAPITAL GAINS
  35. 63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  36. 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  37. 65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  38. 66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  39. 67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  40. 68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  41. 69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  42. 70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  43. 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  44. Part CHAPTER IV: INSURANCE
  45. 72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  46. 73Insurance business of registered friendly societies.
  47. 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  48. Part CHAPTER V: OIL AND GAS INDUSTRY
  49. 77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  50. 78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  51. 79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  52. 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  53. 81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  54. Part CHAPTER VI: CONTROLLED FOREIGN COMPANIES
  55. 82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  56. 92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  57. 101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  58. 108Pre-consolidation amendments.
  59. Part IV: STAMP DUTY
  60. 109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  61. 110Extension of stamp duty relief on sales at discount.
  62. 111Agreements for leases.
  63. 112Sub-sales.
  64. Part V: OIL TAXATION
  65. 113Restriction on PRT reliefs.
  66. 114Sales of gas: treatment of certain payments.
  67. 115Information relating to sales at arm’s length and market value of oil.
  68. 116Offences relating to section 115.
  69. Part VI: MISCELLANEOUS AND SUPPLEMENTARY
  70. National insurance surcharge
  71. 117Abolition of national insurance surcharge. Repealed
  72. 118. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  73. Miscellaneous
  74. 124Recovery of certain tax assessed on non-residents. Repealed
  75. 125Local loans.
  76. 126Tax exemptions in relation to designated international organisations.
  77. 127Special and General Commissioners. Repealed
  78. 128Short title, interpretation, construction and repeals.
  79. Schedule 1: Wine and Made-Wine
  80. Interpretation
  81. 1Paragraph 1
  82. 2Paragraph 2
  83. Schedule 2: VEHICLES EXCISE DUTY
  84. Part I
  85. 1Paragraph 1 Repealed
  86. Part II: Amendment of Part I of Schedule 4 to the Vehicles (Excise) Act 1971 and the Vehicles (Excise) Act (Northern Ireland) 1972
  87. Amendments made in both Acts
  88. 6Paragraph 6
  89. Schedule 3: GAMING MACHINE LICENCE DUTY
  90. Part I: Special Licences and Staggered Starting Dates for Whole-Year Licences in Respect of Premises
  91. 1Paragraph 1
  92. 2Paragraph 2
  93. 3Paragraph 3 Repealed
  94. 4Paragraph 4 Repealed
  95. 5Paragraph 5 Repealed
  96. 6Paragraph 6
  97. 7Paragraph 7
  98. Part II: Transitional Provisions
  99. Whole-year licences during transitional period
  100. 8Paragraph 8
  101. Schedule 4: Free Zones
  102. Part I: Provisions Inserted in Customs and Excise Management Act 1979 as Part VIIIA
  103. Paragraph
  104. Part II: Further Amendments of 1979 Act
  105. 1Paragraph 1
  106. 2Paragraph 2
  107. 3Paragraph 3 Repealed
  108. 4Paragraph 4
  109. 5Paragraph 5
  110. 6Paragraph 6
  111. Schedule 5: Entry on Importation:
  112. Amendment of Customs and Excise Management Act 1979
  113. 1Paragraph 1 Repealed
  114. 2Paragraph 2
  115. 3Paragraph 3 Repealed
  116. Schedule 6
  117. Part I: Food
  118. 1Paragraph 1
  119. Part II
  120. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  121. Part III: Protected Buildings
  122. 8Paragraph 8
  123. Schedule s 7—9
  124. Schedule 10
  125. Schedule 11: FURNISHED HOLIDAY LETTINGS
  126. Treatment of lettings as a trade for certain purposes
  127. 1Paragraph 1 Repealed
  128. 2Paragraph 2 Repealed
  129. Capital gains tax
  130. 4Paragraph 4 Repealed
  131. 5Paragraph 5 Repealed
  132. Power to make apportionments
  133. 6Paragraph 6 Repealed
  134. Adjustments of tax charged
  135. 7Paragraph 7 Repealed
  136. Schedule 12
  137. Schedule 13: QUALIFYING CORPORATE BONDS
  138. Part I: APPLICATION OF PROVISIONS RELATING TO GILT-EDGED SECURITIES
  139. Capital Gains Tax Act 1979
  140. 1Paragraph 1 Repealed
  141. 2Paragraph 2 Repealed
  142. Other enactments
  143. 4Paragraph 4 Repealed
  144. 5Paragraph 5 Repealed
  145. 6Paragraph 6 Repealed
  146. Part II: REORGANISATIONS, CONVERSIONS, RECONSTRUCTIONS ETC.
  147. 7Paragraph 7 Repealed
  148. 8Paragraph 8 Repealed
  149. 9Paragraph 9 Repealed
  150. 10Paragraph 10 Repealed
  151. 11Paragraph 11 Repealed
  152. 12Paragraph 12 Repealed
  153. Schedule 14: BENEFICIARY’S LIABILITY FOR TAX ON GAINS OF NON-RESIDENT TRUSTEES
  154. Interpretation
  155. 1Paragraph 1 Repealed
  156. Claims for postponement of tax
  157. 2Paragraph 2 Repealed
  158. Tax referable to attributed gains
  159. 3Paragraph 3 Repealed
  160. Initial calculations relevant to tax which may be postponed
  161. 4Paragraph 4 Repealed
  162. Relevant benefits
  163. 5Paragraph 5 Repealed
  164. The basic rules as to postponement
  165. 6Paragraph 6 Repealed
  166. Effect of subsequent capital payments received by the beneficiary
  167. 7Paragraph 7 Repealed
  168. 8Paragraph 8 Repealed
  169. Effect of related benefits derived from payments received by close relatives of the beneficiary
  170. 9Paragraph 9 Repealed
  171. Related benefits
  172. 10Paragraph 10 Repealed
  173. Time when postponed tax becomes payable
  174. 11Paragraph 11 Repealed
  175. Balance of capital payments
  176. 12Paragraph 12 Repealed
  177. 13Paragraph 13 Repealed
  178. Second and later claims
  179. 14Paragraph 14 Repealed
  180. Information
  181. 15Paragraph 15 Repealed
  182. 16Paragraph 16 Repealed
  183. Schedule s 15—20
  184. Schedule 21
  185. 1Paragraph 1 Repealed
  186. 18Paragraph 18 Repealed
  187. 20Paragraph 20 Repealed
  188. Schedule 22: SPECIAL AND GENERAL COMMISSIONERS Repealed
  189. Appointment of Special Commissioners Repealed
  190. 1Paragraph 1 Repealed
  191. Special Commissioners: quorum Repealed
  192. 2Paragraph 2 Repealed
  193. Elections to bring appeals before Special Commissioners Repealed
  194. 3Paragraph 3 Repealed
  195. Procedural rules Repealed
  196. 4Paragraph 4 Repealed
  197. Transfer of appeals from General to Special Commissioners Repealed
  198. 5Paragraph 5 Repealed
  199. Fee for statement of case Repealed
  200. 6Paragraph 6 Repealed
  201. Statement of case from Special Commissioners to Court of Appeal Repealed
  202. 7Paragraph 7 Repealed
  203. Saving Repealed
  204. 8Paragraph 8 Repealed
  205. Schedule 23: REPEALS
  206. IMade-Wine
  207. IIGaming Machine Licence Duty
  208. IIIValue Added Tax
  209. IVCustoms and Excise: Miscellaneous
  210. VINCOME TAX AND CORPORATION TAX: GENERAL
  211. 1Paragraph 1
  212. 2Paragraph 2
  213. 3Paragraph 3
  214. 4Paragraph 4
  215. 5Paragraph 5
  216. 6Paragraph 6
  217. 7Paragraph 7
  218. 8Paragraph 8
  219. VIINCOME TAX: THE ADDITIONAL RATE
  220. VIIFOREIGN EARNINGS AND EMOLUMENTS
  221. 1Paragraph 1
  222. 2Paragraph 2
  223. 3Paragraph 3
  224. 4Paragraph 4
  225. VIIICAPITAL GAINS
  226. 1Paragraph 1
  227. 2Paragraph 2
  228. 3Paragraph 3
  229. 4Paragraph 4
  230. IXCapital Transfer Tax
  231. XStamp Duty
  232. XINational Insurance Surcharge
  233. XIIDevelopment Land Tax
  234. XIIISPECIAL AND GENERAL COMMISSIONERS
  235. XIVMiscellaneous