OpenLegislation

Finance Act 1989

1989 c. 26 · Enacted 27 July 1989 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 18 March 2026.

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.[27th July 1989]

X1C1X2Most Gracious Sovereign, WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C2C3

Annotations to the whole text

Modifications

C1

General amendments etc. to Tax Acts (or Income Tax Acts or Corporation Tax Acts as the case may be) made by Taxes Management Act 1970 (c. 9, SIF 63:1), s. 41A(7) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 95(1)(2)), British Telecommunications Act 1981 (c. 38, SIF 96), s. 82(2)(7);Telecommunications Act 1984 (c. 12, SIF 96), s. 72(3); Finance Act 1984 (c. 43, SIF 63:1), ss. 82(6), 85(2), 89(1)(7), 96(1)(7), 98(7), Sch. 9 para. 3(2)(9), Sch. 16 paras. 6, 12 and Finance Act 1985 (c. 54, SIF 63:1), ss. 72(1), 74(5), Sch. 23 para. 15(4), S.I. 1987/530, regs. 11(2), 13(1), 14, Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), ss. 4, 6, 7, 9, 32, 34, 78, 134, 135, 141, 142, 185, 191, 193, 194, 195, 200, 203, 209, 212, 213, 219, 247, 253, 272, 287, 314, 315, 317, 318, 325, 326, 327, 345, 350, 351, 368, 375, 381, 397, 414, 432, 440, 442, 446, 458, 460, 461, 463, 463(2)(3) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 50(2)), 468, 474, 475, 486, 490, 491,503, 511, 518, 524, 532, 544, 550, 556, 558, 569, 572, 582, 595, 601, 613, 617, 619, 621, 639, 656, 660, 663, 676, 689, 691, 694, 700, 701, 714, 716, 739, 743, 754, 763, 776, 780, 781, 782, 787, 789, 811, 828, 829, 832, 833, 834, 835, 837, 838, 839, 840, 841, 842, Sch. 2 para. 5, Sch. 4 para. 5, Sch. 13 para. 10, Sch. 16 para. 10, Sch. 21 para. 6, Sch. 26 para. 1, Sch. 27 para. 20, Finance Act 1988 (c. 39, SIF 63:1), ss. 66, 127(1)(6), Sch. 12 para. 6, Capital Allowances Act 1990 (c. 1, SIF 63:1), ss. 28(1), 68(8), 74, 82, 83(5),148(5), 163(4), 164(2), S.I. 1990/627 and Finance Act 1990 (c. 29, SIF 63:1), s. 25(10)

C2

Act modified (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), regs. 19-26 (as amended by S.I. 2007/2146, regs. 14-18; S.I. 2007/3449, regs. 7, 8; S.I. 2008/1924, regs. 13-17)

C3

Act modified by 1988 c. 1, Sch. 19ABA paras. 12-25 (as inserted (with effect in accordance with art. 1(2) of the amending S.I.) by The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430), arts. 1(1), 3(3))

Editorial notes

X1

The text of ss. 1-5, 8(2), 15-17, 28, 29, 187(1), 188, Sch.17 Pt. I was taken from SIF Group 40:1 (Customs and Excise: Customs and Excise Duties), the text of ss. 18-27, 29, 186(2), 187(1), 188, Sch. 3, Sch. 17 Pt. III was taken from SIF Group 40:2 (Customs and Excise: Value added Tax and Car Tax), the text of ss. 30-90, 91(1)(3), 92(1)(2)(4)-(7), 93-95, 96(1)(2)(4),97-121, 130, 138, 142-170, 178-180, 182, 186(1)(3), 187(1), 188, Schs. 4-13,Sch. 17 Pts IV-VI, VIII, X was taken from SIF Group 63:1 (Income, Corporation and Capital Gains Taxes: Income and Corporation Taxes), the text of ss. 91(2)(3), 92(3)-(7), 96(3), 107, 122-137, 139-141, 186(1)(3), 187, 188, Sch.12 para. 6, Schs. 14, 15, Sch. 17 Pts. VII, XIV was taken from SIF Group 63:2 (Income, Corporation and Capital Gains Taxes: Capital Gains Tax), the text of ss. 138(6)-(12), 171, 172, 178, 179(1)(d)(e)(3)(4), 180(4)(7), 186(1)(3),187(1), 188, Sch. 17 Pt. X was taken from SIF Group 65 (Inheritance Tax), the text of ss. 181, 187(1), 188, Sch. 16, Sch. 17 Pt. XI was taken from SIF Group96 (Posts and Telecommunications), the text of ss. 185, 187, 188, Sch. 17 Pt. XIV was taken from SIF Group 98:5 (Property, England and Wales: Tithe), the text of ss. 183, 187, 188, Sch. 17 Pts. XII, XIV was taken from SIF Group 99:3 (Public Finance and Economic Controls: National Debt), the text of ss. 6, 7,8(1), 9-14, 187(1), 188, Schs. 1, 2, Sch. 17 Pt. II was taken from SIF Group 107:2 (Road Traffic: Vehicle Excise Duty), the text of ss. 142(9)(10), 184,187(1), 188, Sch. 17 Pt. XIII was taken from SIF Group 110 (Savings Banks) andthe text of ss. 173-178, 179(1)(f)(4), 180(5)(7), 186(1), 187(1), 188, Sch.17 Pt. IX was taken from SIF Group 114 (Stamp Duty). This Act is presented basically in the form in which it appears in the 1990 Edition of The Taxes Acts edited by the Inland Revenue and published by HMSO (any references incommentary to volumes 1, 2, etc are to volumes of that edition). The style of editing differs from that applicable to most Acts published in Statutes in Force.

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. Part I: Customs and Excise, Value Added Tax and Car Tax
  2. Chapter I: Customs and Excise
  3. Hydrocarbon oil duties
  4. 1Rates.
  5. 2Reliefs.
  6. Alcoholic liquor duties
  7. 3Original gravity of beer. Repealed
  8. 4Blending made-wines etc.
  9. 5Description as beer.
  10. Vehicles excise duty
  11. 6Rates.
  12. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  13. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  14. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  15. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  16. 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  18. 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  19. 14Dishonoured cheques.
  20. General
  21. 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  22. 16Time limits for proceedings.
  23. 17Disbursements in Port of London.
  24. Chapter II: Value Added Tax
  25. Zero-rating etc.
  26. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  27. 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  28. 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  29. 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  30. 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  31. 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  32. Other provisions
  33. 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  34. 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  35. 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  36. Chapter III: Miscellaneous
  37. 27Relief from car tax where vehicle leased to the handicapped. Repealed
  38. 28Reliefs from duties and taxes for persons enjoying certain immunities and privileges.
  39. 29Recovery of overpaid excise duty and car tax.
  40. Part II: Income Tax, Corporation Tax and Capital Gains Tax
  41. Chapter I: General
  42. Income tax rates and allowances
  43. 30Charge and rates of income tax for 1989-90. Repealed
  44. 31Age allowance. Repealed
  45. 32Operative date for PAYE. Repealed
  46. 33Married couples.
  47. Corporation tax rates etc.
  48. 34Charge and rate of corporation tax for financial year 1989.
  49. 35Corporation tax: small companies. Repealed
  50. Receipts basis etc.
  51. 36Schedule E: revised Cases. Repealed
  52. 37Schedule E: assessment on receipts basis. Repealed
  53. 38Schedule E: unpaid emoluments. Repealed
  54. 39Schedule E: unremitted emoluments. Repealed
  55. 40Schedule E: emoluments already paid. Repealed
  56. 41Schedule E: pensions etc. Repealed
  57. 42Schedule E: supplementary. Repealed
  58. 43Schedule D: computation Repealed
  59. 44Companies with investment business and insurance companies: computation Repealed
  60. 45PAYE: meaning of payment. Repealed
  61. Interest
  62. 46Relief for interest.
  63. 47Close company loans: business expansion scheme. Repealed
  64. 48Close company loans: material interest. Repealed
  65. Benefits in kind
  66. 49Car benefits.
  67. 50Security assets and services. Repealed
  68. 51Assets used partly for security. Repealed
  69. 52Security: supplementary. Repealed
  70. 53Employees earning £8,500 or more and directors.
  71. Medical insurance
  72. 54Relief.
  73. 55Eligible contracts.
  74. 56Certification of contracts.
  75. 57Medical insurance: supplementary.
  76. Charities
  77. 58Payroll deduction scheme.
  78. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  79. 60British Museum and Natural History Museum.
  80. Profit-related pay, share schemes etc.
  81. 61Profit-related pay.
  82. 62Savings-related share option schemes. Repealed
  83. 63Profit sharing schemes. Repealed
  84. 64Share option and profit sharing schemes: shares of consortium member. Repealed
  85. 65Employee share schemes: material interest.
  86. 66Priority share allocations for employees etc. Repealed
  87. Employee share ownership trusts
  88. 67Tax relief.
  89. 68Principal charges to tax.
  90. 69Chargeable events.
  91. 70Chargeable amounts.
  92. 71Further charges to tax: borrowing.
  93. 72Limit on chargeable amount.
  94. 73Information.
  95. 74Interpretation.
  96. Pensions etc.
  97. 75Retirement benefits schemes. Repealed
  98. 76Non-approved retirement benefits schemes. Repealed
  99. 77Personal pension schemes. Repealed
  100. Unit trusts etc.
  101. 78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  102. 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  103. 81Offshore funds operating equalisation arrangements.
  104. Life assurance
  105. 82Calculation of profits: bonuses etc Repealed
  106. 82ACalculation of profits: policy holders' tax Repealed
  107. 82BUnappropriated surplus on valuation Repealed
  108. 82CRelevant financial reinsurance contracts Repealed
  109. 82DTreatment of profits: life assurance — adjustment consequent on change in Insurance Prudential Sourcebook Repealed
  110. 82ESection 82D: treatment of transferors under insurance business transfer schemes Repealed
  111. 82FSection 82D: treatment of transferees under insurance business transfer schemes Repealed
  112. 83Receipts to be taken into account. Repealed
  113. 83XAStructural assets Repealed
  114. 83YAChanges in value of assets brought into account: non-profit companies Repealed
  115. 83YBMeaning of “appropriate line 51 amount” for purposes of s.83YA Repealed
  116. 83YCFAFTS: charge in relevant period of account Repealed
  117. 83YDFAFTS: deduction in subsequent periods of account Repealed
  118. 83YERegulations: apportionment and redefining “financial reinsurance arrangement” Repealed
  119. 83YFFinancial reinsurance arrangements: further provision Repealed
  120. 83ZAContingent loans Repealed
  121. 83AMeaning of “brought into account”. Repealed
  122. 83BChanges in recognised accounts: attribution of amounts carried forward under s.432F of Taxes Act 1988 Repealed
  123. 83AAAmounts added to long term insurance fund of a company in excess of that company’s loss. Repealed
  124. 83ABTreatment of surplus where there is a subsequent transfer of business from the company etc. Repealed
  125. 84Interpretation of sections 85 to 89 and further provisions about insurance companies.
  126. 85Charge of certain receipts of basic life assurance business. Repealed
  127. 85AExcess adjusted life assurance trade profits Repealed
  128. 86Spreading of relief for acquisition expenses. Repealed
  129. 87Management expenses. Repealed
  130. 88Corporation tax: policy holders’ share of profits. Repealed
  131. 88ALower corporation tax rate on certain insurance company profits. Repealed
  132. 89Policy holders’ share of profits. Repealed
  133. 89AModification of sections 82 to 83A, 88 and 89 in relation to overseas life insurance companies. Repealed
  134. 90Life policies etc. held by companies. Repealed
  135. 90AInterpretation Repealed
  136. Underwriters
  137. 91Premiums trust funds: stock lending. Repealed
  138. 92Regulations about underwriters etc.
  139. Securities
  140. 93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  141. 94. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  142. 95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  143. 96Securities: miscellaneous.
  144. Groups of companies
  145. 97Set-off of ACT where companies remain in the same group.
  146. 98Restriction on set-off of ACT.
  147. 99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  148. 100Change in ownership of company. Repealed
  149. 101Treatment of convertible shares or securities for purposes relating togroup relief etc. Repealed
  150. 102Surrender of company tax refund etc. within group. Repealed
  151. Close companies
  152. 103Repeal of apportionment provisions.
  153. 104Meaning of “close company”. Repealed
  154. 105Small companies’ rate not available to certain close companies. Repealed
  155. 106Restriction on payment of tax credits.
  156. 107Close companies: consequential amendments.
  157. Settlements etc.
  158. 108. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  159. 109Settlements where settlor retains interest in settled property.
  160. 110Residence of trustees. Repealed
  161. 111Residence of personal representatives.
  162. Miscellaneous
  163. 112Security: trades etc. Repealed
  164. 113Security: trades etc. (supplementary). Repealed
  165. 114Relief for pre-trading expenditure. Repealed
  166. 115Double taxation: tax credits. Repealed
  167. 116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  168. Chapter II: Capital Allowances
  169. 117–120. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  170. 121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  171. Chapter III: Capital Gains
  172. Exemptions
  173. 122. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  174. 123Increase of chattel exemption.
  175. Gifts
  176. 124. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  177. 125. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  178. Non-residents etc.
  179. 126. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  180. 127. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  181. 128. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  182. 129. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  183. 130. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  184. 131. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  185. 132. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  186. 133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  187. 134. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  188. Value shifting and groups of companies
  189. 135. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  190. 136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  191. 137. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  192. 138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  193. Miscellaneous
  194. 139. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  195. 140. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  196. 141. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  197. Chapter IV: Management
  198. Information
  199. 142Power to call for documents and information.
  200. 143Power to call for papers of tax accountant.
  201. 144Restrictions on powers under TMA ss.20 and 20A.
  202. 145Falsification etc. of documents.
  203. 146Entry with warrant to obtain documents. Repealed
  204. 147Procedure where documents etc. are removed. Repealed
  205. 148Interpretation.
  206. Assessments, claims etc.
  207. 149Assessments founded on fraudulent or negligent conduct.
  208. 150Further assessments: claims etc.
  209. 151Assessment of trustees etc. Repealed
  210. Distress and poinding etc.
  211. 152Distress for non-payment of tax.
  212. 153Priority in cases of distraint by others.
  213. 154Recovery of tax from debtor in Scotland.
  214. 155Priority in cases of poinding etc. by others in Scotland.
  215. Interest etc.
  216. 156Interest on overdue tax.
  217. 157Effect of certain claims on interest.
  218. 158Small amounts of interest.
  219. 159Interest on tax in case of failure or error.
  220. 160Determinations under TMA s. 88.
  221. 161Tax carrying interest under TMA ss. 86 and 88.
  222. Penalties
  223. 162Failure to make return. Repealed
  224. 163Incorrect return, accounts etc.
  225. 164Special returns, information etc.
  226. 165Special penalties in the case of certain returns.
  227. 166Assisting in preparation of incorrect return etc.
  228. 167Determination of penalties.
  229. 168Amendments consequential on section 167.
  230. 169Time limits.
  231. 170Up-rating of certain penalties.
  232. Part III: Miscellaneous and General
  233. Inheritance tax
  234. 171Gifts to housing associations.
  235. 172Abatement of exemption where claim settled out of beneficiary’s ownresources.
  236. Stamp duty etc.
  237. 173Insurance: abolition of certain duties.
  238. 174Unit trusts. Repealed
  239. 175Stamp duty: stock exchange nominees
  240. 176Stamp duty reserve tax: stock exchange nominees
  241. 177Stamp duty reserve tax: information.
  242. Interest etc.
  243. 178Setting of rates of interest.
  244. 179Provisions consequential on section 178.
  245. 180Repayment interest: period of accrual.
  246. Miscellaneous
  247. 181Broadcasting: additional payments by programme contractors.
  248. 182Disclosure of information.
  249. 182ADouble taxation: disclosure of information.
  250. 183Government securities: redemption and transfer.
  251. 184National savings accounts.
  252. 185Winding up of Redemption Annuities Account. Repealed
  253. General
  254. 186Interpretation etc.
  255. 187Repeals.
  256. 188Short title.
  257. Schedule 1: Vehicles Excise Duty: Rates
  258. IPart I
  259. IIPart II
  260. Schedule 2: Vehicles Excise Duty: Special Machines
  261. 1Paragraph 1 Repealed
  262. 2Paragraph 2 Repealed
  263. 3Paragraph 3 Repealed
  264. 4Paragraph 4 Repealed
  265. Schedule 3
  266. Zero-rating
  267. 1Paragraph 1
  268. 2Paragraph 2
  269. 3Paragraph 3
  270. Exemptions
  271. 4Paragraph 4
  272. Other provisions
  273. 5Paragraph 5
  274. 6Paragraph 6
  275. 7Paragraph 7
  276. 8Paragraph 8
  277. 9Paragraph 9
  278. 10Paragraph 10
  279. 11Paragraph 11
  280. Commencement
  281. 12Paragraph 12
  282. 13Paragraph 13
  283. Schedule 4
  284. 1Paragraph 1
  285. 2Paragraph 2
  286. 3Paragraph 3
  287. 4Paragraph 4
  288. 5Paragraph 5
  289. 6Paragraph 6
  290. 7Paragraph 7
  291. 8Paragraph 8
  292. 9Paragraph 9
  293. 10Paragraph 10
  294. 11Paragraph 11
  295. 12Paragraph 12
  296. 13Paragraph 13
  297. 14Paragraph 14
  298. 15Paragraph 15
  299. Schedule 5: Employee Share Ownership Trusts
  300. Qualifying trusts
  301. 1Paragraph 1
  302. General
  303. 2Paragraph 2
  304. Trustees
  305. 3Paragraph 3
  306. 3AParagraph 3A
  307. 3BParagraph 3B
  308. 3CParagraph 3C
  309. Beneficiaries
  310. 4Paragraph 4
  311. Trustees’ functions
  312. 5Paragraph 5
  313. Sums
  314. 6Paragraph 6
  315. Securities
  316. 7Paragraph 7
  317. 8Paragraph 8
  318. 9Paragraph 9
  319. Other features
  320. 10Paragraph 10
  321. Rules about acquisition etc.
  322. 11Paragraph 11
  323. Position after trust’s establishment
  324. 12Paragraph 12
  325. 12AParagraph 12A
  326. 13Paragraph 13
  327. Interpretation
  328. 14Paragraph 14
  329. 15Paragraph 15
  330. 16Paragraph 16
  331. 17Paragraph 17
  332. 18Paragraph 18
  333. Schedule 6: Retirement Benefits Schemes Repealed
  334. Part I: Amendments of Taxes Act Repealed
  335. Preliminary Repealed
  336. 1Paragraph 1 Repealed
  337. Amendments Repealed
  338. 2Paragraph 2 Repealed
  339. 3Paragraph 3 Repealed
  340. 4Paragraph 4 Repealed
  341. 5Paragraph 5 Repealed
  342. 6Paragraph 6 Repealed
  343. 7Paragraph 7 Repealed
  344. 8Paragraph 8 Repealed
  345. 9Paragraph 9 Repealed
  346. 10Paragraph 10 Repealed
  347. 11Paragraph 11 Repealed
  348. 12Paragraph 12 Repealed
  349. 13Paragraph 13 Repealed
  350. 14Paragraph 14 Repealed
  351. 15Paragraph 15 Repealed
  352. 16Paragraph 16 Repealed
  353. 17Paragraph 17 Repealed
  354. Effect of amendments Repealed
  355. 18Paragraph 18 Repealed
  356. Part II: Approved Schemes: General Repealed
  357. Preliminary Repealed
  358. 19Paragraph 19 Repealed
  359. Remuneration Repealed
  360. 20Paragraph 20 Repealed
  361. 21Paragraph 21 Repealed
  362. 22Paragraph 22 Repealed
  363. Accelerated accrual Repealed
  364. 23Paragraph 23 Repealed
  365. 24Paragraph 24 Repealed
  366. Associated employments Repealed
  367. 25Paragraph 25 Repealed
  368. Connected schemes Repealed
  369. 26Paragraph 26 Repealed
  370. Augmentation Repealed
  371. 27Paragraph 27 Repealed
  372. Centralised schemes Repealed
  373. 28Paragraph 28 Repealed
  374. Election Repealed
  375. 29Paragraph 29 Repealed
  376. Supplementary Repealed
  377. 30Paragraph 30 Repealed
  378. Part III: Approved Schemes: Additional Voluntary Contributions Repealed
  379. Preliminary Repealed
  380. 31Paragraph 31 Repealed
  381. Abatement of benefits Repealed
  382. 32Paragraph 32 Repealed
  383. Return of surplus funds Repealed
  384. 33Paragraph 33 Repealed
  385. 34Paragraph 34 Repealed
  386. Supplementary Repealed
  387. 35Paragraph 35 Repealed
  388. Schedule 7: Personal Pension Schemes Repealed
  389. Part I: Amendments of Taxes Act Repealed
  390. 1Paragraph 1 Repealed
  391. 2Paragraph 2 Repealed
  392. 3Paragraph 3 Repealed
  393. 4Paragraph 4 Repealed
  394. 5Paragraph 5 Repealed
  395. 6Paragraph 6 Repealed
  396. 7Paragraph 7 Repealed
  397. 8Paragraph 8 Repealed
  398. 9Paragraph 9 Repealed
  399. Part II: Schemes Approved Before Passing of This Act Repealed
  400. Interpretation Repealed
  401. 10Paragraph 10 Repealed
  402. Lump sum to member Repealed
  403. 11Paragraph 11 Repealed
  404. 12Paragraph 12 Repealed
  405. Schedule 8: Amendments of Chapter I of Part XII of Taxes Act 1988 (InsuranceCompanies) Repealed
  406. 1Paragraph 1 Repealed
  407. 2Paragraph 2 Repealed
  408. 3Paragraph 3 Repealed
  409. 4Paragraph 4 Repealed
  410. 5Paragraph 5 Repealed
  411. 6Paragraph 6 Repealed
  412. 7Paragraph 7 Repealed
  413. Schedule 8A: Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies Repealed
  414. 1Paragraph 1 Repealed
  415. 1ZAParagraph 1ZA Repealed
  416. 1ZBParagraph 1ZB Repealed
  417. 1AParagraph 1A Repealed
  418. 1AAParagraph 1AA Repealed
  419. 1BParagraph 1B Repealed
  420. 1CParagraph 1C Repealed
  421. 1DParagraph 1D Repealed
  422. 2Paragraph 2 Repealed
  423. Schedule 9: Life Policies Etc. Held by Companies Repealed
  424. 1Paragraph 1 Repealed
  425. 2Paragraph 2 Repealed
  426. 3Paragraph 3 Repealed
  427. 4Paragraph 4 Repealed
  428. 5Paragraph 5 Repealed
  429. 6Paragraph 6 Repealed
  430. 7Paragraph 7 Repealed
  431. 8Paragraph 8 Repealed
  432. Schedule 10
  433. 1Paragraph 1
  434. 2Paragraph 2
  435. 3Paragraph 3
  436. 4Paragraph 4
  437. 5Paragraph 5
  438. 6Paragraph 6
  439. 7Paragraph 7
  440. Schedule 11
  441. Deep gain securities
  442. 1Paragraph 1
  443. Qualifying indexed securities
  444. 2Paragraph 2
  445. Convertible securities
  446. 3Paragraph 3
  447. Issue price
  448. 3AParagraph 3A
  449. Meaning of transfer etc.
  450. 4Paragraph 4
  451. Charge to tax on transfer
  452. 5Paragraph 5
  453. Exchange gains and losses
  454. 5AParagraph 5A
  455. Redemption
  456. 6Paragraph 6
  457. Death
  458. 7Paragraph 7
  459. Connected persons
  460. 8Paragraph 8
  461. Market value
  462. 9Paragraph 9
  463. Underwriters
  464. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  465. Trustees
  466. 11Paragraph 11
  467. Foreign currency
  468. 12Paragraph 12
  469. Receipts in United Kingdom
  470. 13Paragraph 13
  471. Retirement benefit schemes
  472. 14Paragraph 14
  473. Charities
  474. 15Paragraph 15
  475. Stock lending
  476. 16Paragraph 16
  477. Accrued income scheme
  478. 17Paragraph 17
  479. Other provisions excluded
  480. 18Paragraph 18
  481. Identification of securities
  482. 19Paragraph 19
  483. Early redemption: special rules
  484. 19AParagraph 19A
  485. Gilts: special rules
  486. 20Paragraph 20
  487. Non-gilts: special rules
  488. 21Paragraph 21
  489. 21AParagraph 21A
  490. Indexed securities: special rules
  491. 22Paragraph 22
  492. Convertible securities: special rules (1)
  493. 22AParagraph 22A
  494. Convertible securities: special rules (2)
  495. 22BParagraph 22B
  496. No particular redemption date: special rule
  497. 22CParagraph 22C
  498. Power to modify
  499. 23Paragraph 23
  500. Schedule 12: Close Companies
  501. Part I: Administrative Provisions
  502. Interpretation
  503. 1Paragraph 1 Repealed
  504. Provision of information by company
  505. 2Paragraph 2 Repealed
  506. Provision of information by shareholders
  507. 3Paragraph 3 Repealed
  508. Information about bearer securities
  509. 4Paragraph 4 Repealed
  510. Part II: Amendments Connected with Repeal of Chapter III of Part XI of Taxes Act1988
  511. The Taxes Management Act 1970 (c.9)
  512. 5Paragraph 5 Repealed
  513. The Capital Gains Tax Act 1979 (c.14)
  514. 6Paragraph 6 Repealed
  515. The Income and Corporation Taxes Act 1988 (c.1)
  516. 7Paragraph 7
  517. 8Paragraph 8 Repealed
  518. 9Paragraph 9
  519. 10Paragraph 10
  520. 11Paragraph 11 Repealed
  521. 12Paragraph 12 Repealed
  522. 13Paragraph 13
  523. 14Paragraph 14
  524. 15Paragraph 15 Repealed
  525. 16Paragraph 16 Repealed
  526. 17Paragraph 17 Repealed
  527. 18Paragraph 18
  528. Schedule 13: Capital Allowances: Miscellaneous Amendments
  529. 1–26Paragraph 1–26 Repealed
  530. Patent rights
  531. 27Paragraph 27 Repealed
  532. 28–30Paragraph 28–30 Repealed
  533. Schedule 14
  534. Gifts of business assets
  535. 1Paragraph 1 Repealed
  536. 2Paragraph 2 Repealed
  537. 3Paragraph 3 Repealed
  538. Gifts on which inheritance tax is chargeable etc.
  539. 4Paragraph 4 Repealed
  540. Payment of tax by instalments
  541. 5Paragraph 5 Repealed
  542. Minor and consequential amendments
  543. 6Paragraph 6 Repealed
  544. Schedule 15
  545. Postponed charges etc.: pre-1st April 1982 events
  546. 1Paragraph 1 Repealed
  547. 2Paragraph 2 Repealed
  548. Reduction of 1982 value in certain cases
  549. 3Paragraph 3 Repealed
  550. No gain/no loss disposals
  551. 4Paragraph 4 Repealed
  552. Elections
  553. 5Paragraph 5 Repealed
  554. Schedule 16: Broadcasting: Additional Payments by Programme Contractors
  555. Part I: Amendments of the Principal Sections
  556. 1Paragraph 1
  557. 2Paragraph 2
  558. 3Paragraph 3
  559. 4Paragraph 4
  560. Part II: Provisions Inserted as Schedule 4 to the Broadcasting Act 1981
  561. Paragraph
  562. Part III: Transitional Provisions
  563. 1Paragraph 1
  564. 2Paragraph 2
  565. 3Paragraph 3
  566. 4Paragraph 4
  567. Schedule 17: Repeals
  568. ICustoms and Excise
  569. Part II
  570. IIIValue Added Tax
  571. 1Paragraph 1
  572. 2Paragraph 2
  573. IVIncome and Corporation Tax: General
  574. 1Paragraph 1
  575. 2Paragraph 2
  576. 3Paragraph 3
  577. 4Paragraph 4
  578. 5Paragraph 5
  579. 6Paragraph 6
  580. 7Paragraph 7
  581. VClose Companies
  582. 1Paragraph 1
  583. 2Paragraph 2
  584. 3Paragraph 3
  585. 4Paragraph 4
  586. 5Paragraph 5
  587. 6Paragraph 6
  588. VICapital Allowances
  589. 1Paragraph 1
  590. 2Paragraph 2
  591. 3Paragraph 3
  592. 4Paragraph 4
  593. VIICapital Gains
  594. 1Paragraph 1
  595. 2Paragraph 2
  596. 3Paragraph 3
  597. 4Paragraph 4
  598. 5Paragraph 5
  599. 6Paragraph 6
  600. 7Paragraph 7
  601. VIIIManagement
  602. 1Paragraph 1
  603. 2Paragraph 2
  604. 3Paragraph 3
  605. 4Paragraph 4
  606. 5Paragraph 5
  607. 6Paragraph 6
  608. 7Paragraph 7
  609. IXStamp Duty: Insurance
  610. XRates of Interest
  611. XIBroadcasting
  612. XIIGovernment Stock: Redemption
  613. XIIINational Savings
  614. XIVTithe Redemption