{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-43/part-3",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-43/part-3.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/43/part/3",
  "kind": "part",
  "number": "3",
  "heading": "Income tax, corporation tax and capital gains tax",
  "text": "(1) Provision of services through intermediary\nShort title and chapter\nExtent of repeal\nIncome Tax (Earnings and Pensions) Act 2003 (c. 1)\nSection 49(2).\nIn section 56(7), paragraph (c) and the word “and” preceding it.\n(2) Taxable benefits: cars: CO2 emissions\nShort title and chapter\nExtent of repeal\nIncome Tax (Earnings and Pensions) Act 2003 (c. 1)\nIn the table in section 139(4), in the entry for 2004-05 and subsequent tax years, the words “and subsequent tax years”.\n(3) Approved share plans and schemes\nShort title and chapter\nExtent of repeal\nIncome Tax (Earnings and Pensions) Act 2003 (c. 1)\nIn section 701(2)(c)(i), the words “or 4 (approved CSOP schemes)”.\nIn Schedule 2, paragraphs 18(1)(a) and 47(3).\nIn Schedule 3, in paragraph 34(5), the words following paragraph (b).\n(4) Employee securities and options\nShort title and chapter\nExtent of repeal\nIncome Tax (Earnings and Pensions) Act 2003 (c. 1)\nIn section 19(2), the entries relating to Chapters 8 and 9 of Part 3.\nIn section 32(2), the entries relating to Chapters 8 and 9 of Part 3.\nIn section 63(1), the entries relating to Chapters 8 and 9 of Part 3.\nSection 64(5) and (6).\nChapters 8 and 9 of Part 3.\nIn section 216—\n(a)in subsection (4), the entries relating to Chapters 8 and 9 of Part 3;\n(b)in subsection (6), the entries relating to sections 195(3) and 199(4).\nSection 227(4)(d), (f) and (h).\nSection 491.\nSections 494 and 495.\nSection 518.\nSection 519(4).\nSection 520.\nSection 523.\nSection 524(4).\nSection 525.\nSection 528.\nIn section 701(2)(b), the words “subject to section 700(6),”.\nIn Part 2 of Schedule 1, the entries listed in paragraph 42(2) of Schedule 22 to this Act.\nIn Schedule 7, paragraphs 30, 31, 47, 48, 50 to 53, 55(2)(a), 59 to 62, 66 and 67.\nFinance Act 2003\nIn Schedule 23, in paragraph 31, the entry relating to “subject to forfeiture”.\n(5) Deductions for employee benefit contributions\nShort title and chapter\nExtent of repeal\nFinance Act 2002 (c. 23)\nIn Schedule 29, in paragraph 113(3)(a) the words “or benefits” and “, or held by an intermediary,”.\n(6) References to branch or agency\nShort title and chapter\nExtent of repeal\nTaxes Management Act 1970 (c. 9)\nIn section 118(1), the definitions of “branch or agency” and “branch or agent”.\nIncome and Corporation Taxes Act 1988 (c. 1)\nSection 95(1A)(e).\nTaxation of Chargeable Gains Act 1992 (c. 12)\nIn section 10—\n(a)subsection (3);\n(b)in subsection (4), the words “or corporation tax”.\nFinance Act 1994 (c. 9)\nIn section 219(4A), the words “11(2)(a) or”.\nFinance Act 1995 (c. 4)\nIn section 126—\n(a)in subsection (1), the words “, corporation tax”;\n(b)in subsection (2)(c), the words from “or fall” to “non-resident”;\n(c)in subsection (2), paragraph (d) and the word “and” preceding it;\n(d)in subsection (9), paragraph (b) and the word “and” preceding it.\nIn section 127—\n(a)in subsection (5)(b), the words “or 129”;\n(b)in subsection (19), paragraph (b) and the word “and” preceding it.\nSection 129.\nFinance (No. 2) Act 1997 (c. 58)\nSection 24(3)(e).\n(7) Capital gains tax: reporting limits and annual exempt amount\nShort title and chapter\nExtent of repeal\nTaxation of Chargeable Gains Act 1992 (c. 12)\nSection 3(6).\nIn Schedule 1, paragraph 2(3).\n(8) Chargeable gains: earn-out rights\nShort title and chapter\nExtent of repeal\nTaxation of Chargeable Gains Act 1992 (c. 12)\nIn section 138A—\n(a)in subsection (2), paragraph (c) and the word “and” preceding it;\n(b)in subsection (4), paragraph (e) and the word “and” preceding it.\n(9) First-year allowances for expenditure on eco-friendly plant or machinery\nShort title and chapter\nExtent of repeal\nCapital Allowances Act 2001 (c. 2)\nIn section 39, the word “or” at the end of the entry relating to section 45E.\nIn section 46(1), the word “or” at the end of the entry relating to section 45E.\nIn Part 2 of Schedule 1, in the first column of the entry relating to the expression “long life asset expenditure”, the words “Chapter 10 of”.\n(10) Relief for research and development\nShort title and chapter\nExtent of repeal\nFinance Act 2000 (c. 17)\nIn Schedule 20, in paragraph 5(3)—\n(a)the words “the following rules apply”;\n(b)paragraphs (a) and (b);\n(c)in paragraph (c), the words “in any other case,”.\nFinance Act 2002 (c. 23)\nIn Schedule 12—\n(a)in paragraph 7(2), the word “and” preceding paragraph (b);\n(b)in paragraph 11(3), the word “and” preceding paragraph (b);\n(c)in paragraph 15(1), the word “or” preceding paragraph (c);\n(d)in paragraph 17, the word “and” preceding paragraph (c).\nIn Schedule 13, in paragraph 5(3), the word “and” preceding paragraph (d).\n(11) Tonnage tax: capital allowances for lessors\nShort title and chapter\nExtent of repeal\nFinance Act 2000 (c. 17)\nIn Schedule 22—\n(a)the word “finance” in the first sentence of paragraph 41(4), in paragraphs 89(1), 90(1), 92(1), 94(1), 98(1)(a) and 99(1)(a) and in the heading to paragraph 93;\n(b)in paragraph 93(1), the words “finance” and “either”;\n(c)in paragraph 147, the entry for “finance lease (and lessor and lessee) (in Part X)”.\n(12) Insurance companies\nShort title and chapter\nExtent of repeal\nIncome and Corporation Taxes Act 1988 (c. 1)\nSection 432A(9B).\nIn section 432E(2), paragraph (a) and, in paragraph (b), the words “in any other case,”.\nIn section 436(3)(a), the words after “modifications”.\nIn section 438B(5), paragraph (b) and the word “and” before it.\nIn section 439B(3)(a), the words “and in particular with the omission of the words “and any amounts of tax which are expended on behalf of” in section 82(1)(a)”.\nIn section 441—\n(a)in subsections (1) and (2), the words “and section 441A”;\n(b)in subsection (4)(a), the words “and in particular with the omission of the words “and any amounts of tax which are expended on behalf of” in section 82(1)(a)”.\nIn section 442A(4), the words “to the company”.\nIn Schedule 28AA, in paragraph 5(6)(b), the words “or 88A”.\nFinance Act 1989 (c. 26)\nIn section 83—\n(a)in subsection (5), paragraph (b) and the word “but” before it;\n(b)subsection (6A);\n(c)in subsection (8), in the definition of “total reinsurance”, the words “before the making of the contract of reinsurance (or, in a case where there are two or more contracts of reinsurance, the last of them)”.\nIn section 83AA—\n(a)subsections (3) to (5) and (6)(a);\n(b)in subsection (7), paragraph (b) and the word “and” before it;\n(c)in subsection (10), the definitions of “the relevant accounting period” and “the transferor company”.\nSection 83AB(1)(c)(i).\nIn section 83A(2), the second sentence.\nSection 84(1).\nIn section 87(6)(b), the words “, disregarding section 76(1)(e) of that Act (as set out in subsection (2) above),”.\nIn section 88(1), the words “and section 88A”.\nSection 88A.\nIn section 89—\n(a)in subsection (1), the words “or, as the case may be, basic life assurance and general annuity business”;\n(b)in subsection (7), the definition of “the Prudential Sourcebook (Insurers)”.\nFinance Act 1990 (c. 29)\nSection 43.\nSection 45(5).\nFinance Act 1991 (c. 31)\nIn Schedule 7—\n(a)in paragraph 1(a), the words “and (e)”;\n(b)paragraph 11.\nTaxation of Chargeable Gains Act 1992 (c. 12)\nIn section 204(4), the words from “and in subsection (3)” onwards.\nSection 211(1A).\nIn section 212(7), the words following paragraph (b).\nSection 213(3A) and (3B).\nIn Schedule 7AD, in paragraph 10(1), the definitions of “insurance company”, “long-term business” and “long-term insurance fund”.\nIn Schedule 7B, in paragraph 1, the words “(as defined in section 431(2) of the Taxes Act)”.\nFinance Act 1996 (c. 8)\nIn Schedule 6, paragraph 26.\nIn Schedule 11, in paragraph 4—\n(a)in sub-paragraph (2), the word “net” (in both places);\n(b)in sub-paragraph (16), the definition of “net income and gains”.\nFinance Act 1998 (c. 36)\nSection 137(4) and (7).\nFinance Act 2000 (c. 17)\nIn Schedule 30, paragraph 18(3).\nFinance Act 2002 (c. 23)\nIn Schedule 25, paragraph 46.\n(13) Life insurance policies etc\nShort title and chapter\nExtent of repeal\nIncome and Corporation Taxes Act 1988 (c. 1)\nIn section 1A(2), the word “and” at the end of paragraph (b).\nSection 540(2).\nIn Schedule 15, in paragraph 3(8), the words from “and” preceding paragraph (b)(iii) to the end of paragraph (c).\n(14) Loan relationships: late interest\nShort title and chapter\nExtent of repeal\nFinance Act 1996 (c. 8)\nIn Schedule 9, in paragraph 2(6), in the definition of “participator”, the word “close”.\n(15) Repos etc\nShort title and chapter\nExtent of repeal\nIncome and Corporation Taxes Act 1988 (c. 1)\nIn section 737C—\n(a)in subsection (3)(b), the word “gross”;\n(b)subsection (4).\nFinance Act 1996 (c. 8)\nIn Schedule 9, in paragraph 15(3)(b), the words “, or a person connected with him,”.\n(16) Relevant discounted securities\nShort title and chapter\nExtent of repeal\nFinance Act 1996 (c. 8)\nIn Schedule 13—\n(a)in paragraph 1(3)(a), the words “reduced by the amount of any relevant costs”;\n(b)paragraph 1(4);\n(c)paragraph 2;\n(d)paragraph 6(4) to (6);\n(e)paragraphs 7, 9A and 11;\n(f)in paragraph 14(2) and (3), the words “gilt-edged”;\n(g)in paragraph 14(4), the words after paragraph (c).\nFinance Act 2002 (c. 23)\nSection 104(3).\n(17) Court common investment funds\nShort title and chapter\nExtent of repeal\nIncome and Corporation Taxes Act 1988 (c. 1)\nIn section 469A—\n(a)in subsection (2), the words “(subject to subsection (3) below)”;\n(b)subsection (3).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3",
    "retrieved_at": "2026-10-29T09:18:27.996599+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}