OpenLegislation

Finance Act 2005

2005 c. 7 · Enacted 7 April 2005 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 21 March 2025.

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.

[7th April 2005]

Most 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 to 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:—

Contents

  1. Part 1: Excise duties
  2. Tobacco products duty
  3. 1Rates of tobacco products duty
  4. Alcoholic liquor duties
  5. 2Rate of duty on beer
  6. 3Rates of duty on wine and made-wine
  7. Hydrocarbon oil etc duties
  8. 4Consolidation of current rates of hydrocarbon oil duties etc.
  9. 5Rates of hydrocarbon oil duties etc. from 1st September 2005
  10. Gaming duty
  11. 6Rates of gaming duty
  12. Vehicle excise duty
  13. 7Rates
  14. Part 2: Income tax, corporation tax and capital gains tax
  15. Chapter 1: Income tax and corporation tax charge and rate bands
  16. Income tax
  17. 8Charge and rates for 2005-06 Repealed
  18. 9Personal allowances for those aged 65 or more Repealed
  19. Corporation tax
  20. 10Charge and main rate for financial year 2006
  21. 11Small companies' rate and fraction for financial year 2005 Repealed
  22. 12Corporation tax starting rate and fraction for financial year 2005
  23. 13Non-corporate distribution rate for financial year 2005
  24. Trusts
  25. 14Special trust rates not to apply to first slice of trust income Repealed
  26. Chapter 2: Personal taxation
  27. Taxable benefits
  28. 15Childcare vouchers: exempt amount
  29. 16Extension of exemptions for childcare, workplace parking, cycles etc
  30. 17Transfer of previously loaned computer or cycle etc
  31. 18Extension of outplacement services etc exemption: part-time employees
  32. Armed forces
  33. 19Armed forces pensions and compensation schemes
  34. Chapter 3: Employment-related securities
  35. 20Research institution spin-out companies
  36. 21Research institution spin-out companies: pre-2nd December 2004 cases
  37. 22Capital gains
  38. Chapter 4: Trusts with vulnerable beneficiary
  39. Introductory
  40. 23Introduction
  41. 24Entitlement to make claim for special tax treatment
  42. Income tax
  43. 25Qualifying trusts income: special income tax treatment
  44. 26Amount of relief
  45. 27Trustees' liability: TQTI
  46. 28Vulnerable person's liability: VQTI
  47. 28ADisapplication of section 629 of ITTOIA 2005
  48. 29Part years
  49. Capital gains tax
  50. 30Qualifying trusts gains: special capital gains tax treatment
  51. 31UK resident vulnerable persons: amount of relief
  52. 32Non-UK resident vulnerable persons: amount of relief
  53. 33Vulnerable person's liability: VQTG Repealed
  54. Qualifying trusts
  55. 34Disabled persons
  56. 35Relevant minors
  57. 36Parts of assets
  58. Vulnerable persons
  59. 37Vulnerable person election
  60. 38Meaning of “disabled person”
  61. 39Meaning of “relevant minor”
  62. Miscellaneous and supplementary
  63. 40Power to make enquiries
  64. 41Interpretation etc.
  65. 42Application in relation to Scotland
  66. 43Penalties under TMA 1970
  67. 44Consequential amendments
  68. 45Commencement
  69. Chapter 5: Alternative finance arrangements
  70. Introductory
  71. 46Alternative finance arrangements Repealed
  72. Arrangements giving rise to alternative finance return
  73. 47Alternative finance arrangements: purchase and re-sale Repealed
  74. 47AAlternative finance arrangements: diminishing shared ownership Repealed
  75. 48Arrangements within section 47: foreign currency and non-residents Repealed
  76. 48AAlternative finance arrangements: alternative finance investment bond: introduction Repealed
  77. 48BAlternative finance arrangements: alternative finance investment bond: effects Repealed
  78. Arrangements giving rise to profit share return
  79. 49Alternative finance arrangements: deposit Repealed
  80. 49AAlternative finance arrangements: profit share agency Repealed
  81. Treatment of alternative finance arrangements
  82. 50Treatment of alternative finance arrangements: companies Repealed
  83. 51Treatment of alternative finance arrangements: persons other than companies Repealed
  84. 51ADiscount Repealed
  85. 52Provision not at arm's length Repealed
  86. 53Treatment of section 47 , 47A or 48A arrangements: sale and purchase of asset Repealed
  87. 54Return not to be treated as distribution Repealed
  88. 54ATreatment of section 47, 49 and 49A arrangements as loans: Community Investment Tax Relief Repealed
  89. Supplementary
  90. 55Further provisions Repealed
  91. 56Application of Chapter Repealed
  92. 57Interpretation of Chapter Repealed
  93. Chapter 6: Film relief
  94. Tax relief for limited-budget films
  95. 58Relief for production and acquisition expenditure on limited-budget films Repealed
  96. Restrictions on relief
  97. 59Restrictions on relief for production and acquisition expenditure Repealed
  98. Deferred income agreements
  99. 60Deferred income agreements which exist when relief claimed Repealed
  100. 61Meaning of “deferred income agreement in respect of a film” Repealed
  101. 62Deferred income agreements entered into after relief claimed Repealed
  102. 63Sections 60 to 62: supplementary Repealed
  103. 64Transitional provision for years of assessment before the year 2005-06 Repealed
  104. 65Corresponding provision in ITTOIA 2005 Repealed
  105. Companies benefited by film relief: exit charges
  106. 66When a chargeable event occurs Repealed
  107. 67Consequences of a chargeable event: exit event X or Y Repealed
  108. 68Exit event Z: a relevant disposal at an undervalue Repealed
  109. 69Consequences of a chargeable event: exit event Z Repealed
  110. 70Valuation of the “rights to guaranteed income” and “disposed rights” Repealed
  111. 71Meaning of “company” and related terms Repealed
  112. Chapter 7: Avoidance involving partnership
  113. Partners: restrictions on relief
  114. 72Removal of restrictions on interest relief Repealed
  115. 73Meaning of “contribution to the trade” Repealed
  116. Partners: recovery of excess relief
  117. 74Recovery of excess relief given under section 380 or 381 of ICTA Repealed
  118. 75Computing the chargeable amount Repealed
  119. 76Meaning of “relevant loss” Repealed
  120. 77Transitional provision for years of assessment before the year 2005-06 Repealed
  121. 78Consequential amendments Repealed
  122. Partners benefited by film relief
  123. 79Meaning of “capital contribution to the trade” Repealed
  124. Chapter 8: Accounting practice and related matters
  125. 80Accounting practice and related matters
  126. 81Computation of profits: change of accounting basis Repealed
  127. 82Change of accounting practice: deferment of transitional adjustments
  128. 83Application of accounting standards to securitisation companies
  129. 84Taxation of securitisation companies Repealed
  130. Chapter 9: International matters
  131. Double taxation relief: general
  132. 85Dividends by reference to which a deduction is allowed: no underlying tax Repealed
  133. Double taxation relief: restrictions
  134. 86Limits on credit: income tax and corporation tax: trading profits
  135. 87Schemes and arrangements designed to increase relief Repealed
  136. 88Self-assessment amendments
  137. Controlled foreign companies
  138. 89ADP dividends and double taxation relief Repealed
  139. 90Foreign taxation of group as single entity: exclusion of ADP CFCs Repealed
  140. Annual payments and double taxation relief
  141. 91Tax avoidance involving annual payments and double taxation relief
  142. Chapter 10: Miscellaneous
  143. Capital allowances
  144. 92Capital allowances: renovation of business premises in disadvantaged areas
  145. Tonnage tax
  146. 93Tonnage tax
  147. Part 3: Stamp taxes
  148. Stamp duty land tax
  149. 94Alternative property finance
  150. Stamp duty land tax and stamp duty
  151. 95Raising of thresholds Repealed
  152. 96Removal of disadvantaged areas relief for non-residential property Repealed
  153. Stamp duty and stamp duty reserve tax
  154. 97Demutualisation of insurance companies
  155. Part 4: Other taxes
  156. Inheritance tax
  157. 98Rates and rate bands for the next three years
  158. Landfill tax
  159. 99Rate of landfill tax
  160. Lorry road-user charge
  161. 100Lorry road-user charge
  162. Part 5: Pensions etc
  163. 101Pension schemes etc.
  164. 102Pension Protection Fund etc.
  165. Part 6: Miscellaneous
  166. 103Civil partnerships etc
  167. Part 7: Supplementary provisions
  168. 104Repeals
  169. 105Interpretation
  170. 106Short title
  171. Schedule 1: Non-UK resident vulnerable persons: interpretation
  172. Vulnerable person's actual income
  173. 1Paragraph 1 Repealed
  174. Trustees' specially taxed income
  175. 2Paragraph 2 Repealed
  176. Vulnerable person's deemed CGT taxable amount
  177. 3Paragraph 3
  178. Vulnerable person's notional section 77 gains
  179. 4Paragraph 4 Repealed
  180. Actual gains and actual losses
  181. 5Paragraph 5
  182. Assumed gains and assumed losses
  183. 6Paragraph 6
  184. Relevant assumptions
  185. 7Paragraph 7
  186. Schedule 1A: Meaning of “disabled person”
  187. “Disabled person”
  188. 1Paragraph 1
  189. Attendance allowance
  190. 2Paragraph 2
  191. Disability assistance for older people
  192. 2AParagraph 2A
  193. Disability living allowance
  194. 3Paragraph 3
  195. Disability assistance for children and young people
  196. 3AParagraph 3A
  197. Scottish adult disability living allowance
  198. 3BParagraph 3B
  199. Personal independence payment
  200. 4Paragraph 4
  201. Disability assistance for working age people
  202. 4AParagraph 4A
  203. Increased disablement pension
  204. 5Paragraph 5
  205. Constant attendance allowance
  206. 6Paragraph 6
  207. Armed forces independence payment
  208. 7Paragraph 7
  209. Interpretation
  210. 8Paragraph 8
  211. Schedule 2: Alternative finance arrangements: further provisions
  212. Interpretation of Schedule
  213. 1Paragraph 1 Repealed
  214. Taxes Management Act 1970 (c. 9)
  215. 2Paragraph 2 Repealed
  216. Income and Corporation Taxes Act 1988 (c. 1)
  217. 3Paragraph 3 Repealed
  218. 4Paragraph 4 Repealed
  219. 5Paragraph 5 Repealed
  220. 6Paragraph 6 Repealed
  221. 7Paragraph 7 Repealed
  222. 8Paragraph 8 Repealed
  223. Finance Act 1996 (c. 8)
  224. 9Paragraph 9 Repealed
  225. Income Tax (Trading and Other Income) Act 2005 (c. 5)
  226. 10Paragraph 10 Repealed
  227. Income Tax Act 2007
  228. 11Paragraph 11 Repealed
  229. 12Paragraph 12 Repealed
  230. 13Paragraph 13 Repealed
  231. Schedule 3: Films: restrictions on relief for production and acquisition expenditure Repealed
  232. Part 1: Restrictions on circumstances in which relief may be obtained Repealed
  233. Section 42 of the Finance (No.2) Act 1992 (c. 48) Repealed
  234. 1Paragraph 1 Repealed
  235. Section 101 of the Finance Act 2002 (c. 23) Repealed
  236. 2Paragraph 2 Repealed
  237. Section 138 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  238. 3Paragraph 3 Repealed
  239. Section 139 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  240. 4Paragraph 4 Repealed
  241. Section 140 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  242. 5Paragraph 5 Repealed
  243. Meaning of “disqualifying deduction” Repealed
  244. 6Paragraph 6 Repealed
  245. Transitional provision for films in production Repealed
  246. 7Paragraph 7 Repealed
  247. 8Paragraph 8 Repealed
  248. Part 2: Restrictions on amount of relief which may be obtained Repealed
  249. Section 42 of the Finance (No.2) Act 1992 (c. 48) Repealed
  250. 9Paragraph 9 Repealed
  251. Section 48 of the Finance (No.2) Act 1997 (c. 58) Repealed
  252. 10Paragraph 10 Repealed
  253. Section 138 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  254. 11Paragraph 11 Repealed
  255. Section 138A of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  256. 12Paragraph 12 Repealed
  257. Section 139 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  258. 13Paragraph 13 Repealed
  259. Section 140 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  260. 14Paragraph 14 Repealed
  261. Section 141 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  262. 15Paragraph 15 Repealed
  263. Section 142 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  264. 16Paragraph 16 Repealed
  265. Part 3: Minor and consequential amendments Repealed
  266. Income and Corporation Taxes Act 1988 (c. 1) Repealed
  267. 17Paragraph 17 Repealed
  268. Finance (No.2) Act 1992 (c. 48) Repealed
  269. 18Paragraph 18 Repealed
  270. 19Paragraph 19 Repealed
  271. 20Paragraph 20 Repealed
  272. 21Paragraph 21 Repealed
  273. 22Paragraph 22 Repealed
  274. 23Paragraph 23 Repealed
  275. 24Paragraph 24 Repealed
  276. Finance Act 1997 (c. 16) Repealed
  277. 25Paragraph 25 Repealed
  278. Finance (No. 2) Act 1997 (c. 58) Repealed
  279. 26Paragraph 26 Repealed
  280. Capital Allowances Act 2001 (c. 2) Repealed
  281. 27Paragraph 27 Repealed
  282. Finance Act 2002 (c. 23) Repealed
  283. 28Paragraph 28 Repealed
  284. 29Paragraph 29 Repealed
  285. Income Tax (Trading and Other Income) Act 2005 (c. 5) Repealed
  286. 30Paragraph 30 Repealed
  287. Commencement of Part 3 amendments Repealed
  288. 31Paragraph 31 Repealed
  289. Part 4: Interpretation Repealed
  290. Meaning of “pre-announcement expenditure” Repealed
  291. 32Paragraph 32 Repealed
  292. Meaning of film “in production” Repealed
  293. 33Paragraph 33 Repealed
  294. Meaning of “film” and “original master version” Repealed
  295. 34Paragraph 34 Repealed
  296. Schedule 4: Accounting practice and related matters
  297. Part 1: Bad debts and related matters
  298. ICTA
  299. 1Paragraph 1
  300. 2Paragraph 2 Repealed
  301. 3Paragraph 3 Repealed
  302. 4Paragraph 4 Repealed
  303. 5Paragraph 5 Repealed
  304. 6Paragraph 6 Repealed
  305. 7Paragraph 7 Repealed
  306. 8Paragraph 8 Repealed
  307. FA 1996
  308. 9Paragraph 9 Repealed
  309. 10Paragraph 10 Repealed
  310. 11Paragraph 11 Repealed
  311. 12Paragraph 12 Repealed
  312. 13Paragraph 13 Repealed
  313. 14Paragraph 14
  314. 15Paragraph 15 Repealed
  315. 16Paragraph 16 Repealed
  316. 17Paragraph 17 Repealed
  317. FA 1997
  318. 18Paragraph 18 Repealed
  319. Schedule 26 to FA 2002
  320. 19Paragraph 19 Repealed
  321. Schedule 29 to FA 2002
  322. 20Paragraph 20 Repealed
  323. Part 2: Other provisions connected with accounting practice
  324. ICTA
  325. 21Paragraph 21
  326. 22Paragraph 22 Repealed
  327. 23Paragraph 23 Repealed
  328. 24Paragraph 24
  329. 25Paragraph 25
  330. FA 1996
  331. 26Paragraph 26 Repealed
  332. 27Paragraph 27 Repealed
  333. 28Paragraph 28 Repealed
  334. 29Paragraph 29 Repealed
  335. 30Paragraph 30 Repealed
  336. 31Paragraph 31 Repealed
  337. FA 1997
  338. 32Paragraph 32
  339. CAA 2001
  340. 33Paragraph 33
  341. Schedule 26 to FA 2002
  342. 34Paragraph 34 Repealed
  343. 35Paragraph 35 Repealed
  344. 36Paragraph 36 Repealed
  345. 37Paragraph 37 Repealed
  346. Schedule 29 to FA 2002
  347. 38Paragraph 38 Repealed
  348. 39Paragraph 39 Repealed
  349. 40Paragraph 40 Repealed
  350. 41Paragraph 41 Repealed
  351. 42Paragraph 42 Repealed
  352. 43Paragraph 43 Repealed
  353. 44Paragraph 44 Repealed
  354. 45Paragraph 45 Repealed
  355. 46Paragraph 46 Repealed
  356. 47Paragraph 47 Repealed
  357. ITEPA 2003
  358. 48Paragraph 48
  359. FA 2004
  360. 49Paragraph 49
  361. 50Paragraph 50
  362. 51Paragraph 51
  363. Power to make certain regulations with limited retrospective effect
  364. 52Paragraph 52 Repealed
  365. Schedule 5: Section 804ZA: prescribed schemes and arrangements Repealed
  366. Paragraph Repealed
  367. Schedule 6: Capital allowances: renovation of business premises in disadvantaged areas
  368. Part 1: New Part 3A of the Capital Allowances Act 2001
  369. 1Paragraph 1
  370. Part 2: Consequential amendments
  371. 2Paragraph 2
  372. 3Paragraph 3
  373. 4Paragraph 4
  374. 5Paragraph 5
  375. 6Paragraph 6
  376. 7Paragraph 7
  377. 8Paragraph 8
  378. 9Paragraph 9
  379. 10Paragraph 10
  380. 11Paragraph 11
  381. Schedule 7: Tonnage tax
  382. Part 1: Amendments of Schedule 22 to FA 2000
  383. Introduction
  384. 1Paragraph 1
  385. Period for which election is in force
  386. 2Paragraph 2
  387. Withdrawal notices
  388. 3Paragraph 3
  389. Qualifying ships
  390. 4Paragraph 4
  391. Vessels excluded from being qualifying ships
  392. 5Paragraph 5
  393. Qualifying dredgers and tugs
  394. 6Paragraph 6
  395. Effect of change of use
  396. 7Paragraph 7
  397. Flagging: rule for ships other than dredgers and tugs
  398. 8Paragraph 8
  399. Flagging: rules for dredgers and tugs
  400. 9Paragraph 9
  401. Flagging: restrictions where dredger or tug ceases to be qualifying ship under paragraph 22E
  402. 10Paragraph 10
  403. Requirement to prove compliance with safety etc standards
  404. 11Paragraph 11
  405. The ring fence: capital allowances: general: introduction
  406. 12Paragraph 12
  407. The ring fence: capital allowances: exit: plant and machinery
  408. 13Paragraph 13
  409. The ring fence: capital allowances: ship leasing: sale and lease-back arrangements
  410. 14Paragraph 14
  411. Meaning of “offshore activities”
  412. 15Paragraph 15
  413. Vessels to which the special rules for offshore activities do not apply
  414. 16Paragraph 16
  415. Index of defined expressions
  416. 17Paragraph 17
  417. Part 2: Commencement and transitional provision
  418. Commencement
  419. 18Paragraph 18
  420. Transitional provision: qualifying activities
  421. 19Paragraph 19
  422. Transitional provision: flagging: order designating financial year 2005
  423. 20Paragraph 20
  424. Transitional provision: flagging
  425. 21Paragraph 21
  426. Schedule 8: Stamp duty land tax: alternative property finance
  427. Introduction
  428. 1Paragraph 1
  429. Alternative property finance: England and Wales and Northern Ireland
  430. 2Paragraph 2
  431. Alternative property finance: Scotland
  432. 3Paragraph 3
  433. 4Paragraph 4
  434. Consequential amendments
  435. 5Paragraph 5
  436. 6Paragraph 6
  437. Commencement
  438. 7Paragraph 7
  439. Schedule 9: Stamp duty land tax and stamp duty: removal of disadvantaged areas relief for non-residential property
  440. Stamp duty land tax
  441. 1Paragraph 1 Repealed
  442. Stamp duty
  443. 2Paragraph 2 Repealed
  444. 3Paragraph 3 Repealed
  445. Commencement and transitional provisions
  446. 4Paragraph 4 Repealed
  447. 5Paragraph 5 Repealed
  448. Schedule 10: Pension schemes etc.
  449. Introduction
  450. 1Paragraph 1
  451. Deferred annuities
  452. 2Paragraph 2
  453. Orders for return of unauthorised payments
  454. 3Paragraph 3
  455. 4Paragraph 4
  456. Unauthorised member payments
  457. 5Paragraph 5
  458. Unauthorised payments: loans to person connected with member or sponsoring employer
  459. 6Paragraph 6
  460. Abatement of public service pensions
  461. 7Paragraph 7
  462. 8Paragraph 8
  463. 9Paragraph 9
  464. 10Paragraph 10
  465. Scheme pensions
  466. 11Paragraph 11
  467. 12Paragraph 12
  468. Annuities
  469. 13Paragraph 13
  470. 14Paragraph 14
  471. 15Paragraph 15
  472. 16Paragraph 16
  473. 17Paragraph 17
  474. Unsecured pension funds and alternatively secured pension funds
  475. 18Paragraph 18
  476. 19Paragraph 19
  477. 20Paragraph 20 Repealed
  478. 21Paragraph 21
  479. 22Paragraph 22
  480. 23Paragraph 23 Repealed
  481. 24Paragraph 24
  482. 25Paragraph 25
  483. Meaning of “dependant”
  484. 26Paragraph 26
  485. Dependants' scheme pensions
  486. 27Paragraph 27
  487. 28Paragraph 28
  488. Lifetime annuities and dependants' annuities purchased together
  489. 29Paragraph 29
  490. 30Paragraph 30
  491. 31Paragraph 31
  492. 32Paragraph 32 Repealed
  493. 33Paragraph 33
  494. Pension commencement lump sums
  495. 34Paragraph 34
  496. 35Paragraph 35
  497. Recognised transfers
  498. 36Paragraph 36
  499. Assignment
  500. 37Paragraph 37
  501. Surrender and allocation of rights etc.
  502. 38Paragraph 38
  503. Restriction of employers' relief in respect of contributions
  504. 39Paragraph 39
  505. 40Paragraph 40
  506. Lifetime allowance: reduction of rights in respect of tax paid
  507. 41Paragraph 41
  508. 42Paragraph 42
  509. 43Paragraph 43
  510. Lifetime allowance: minor amendment
  511. 44Paragraph 44 Repealed
  512. Lifetime allowance: pension credits
  513. 45Paragraph 45
  514. Migrant member relief
  515. 46Paragraph 46
  516. Information
  517. 47Paragraph 47
  518. Electronic payment
  519. 48Paragraph 48
  520. Insurance company liable as scheme administrator
  521. 49Paragraph 49
  522. Power to split schemes
  523. 50Paragraph 50
  524. Power to modify rules of existing schemes
  525. 51Paragraph 51
  526. Primary and enhanced protection: valuation of uncrystallised rights
  527. 52Paragraph 52
  528. Enhanced protection
  529. 53Paragraph 53
  530. Transitional provisions: persons who may take benefits before normal minimum pension age
  531. 54Paragraph 54
  532. Transitional provisions: block transfers
  533. 55Paragraph 55
  534. Transitional provisions: lump sums before normal minimum pension age
  535. 56Paragraph 56
  536. Transitional provisions: lump sums exceeding 25% of uncrystallised rights
  537. 57Paragraph 57
  538. Transitional provisions: inheritance tax
  539. 58Paragraph 58
  540. Trivial commutation and winding-up lump sums
  541. 59Paragraph 59
  542. Application of PAYE to annuities etc.
  543. 60Paragraph 60
  544. 61Paragraph 61
  545. 62Paragraph 62
  546. House of Commons Members' Fund
  547. 63Paragraph 63
  548. Commencement
  549. 64Paragraph 64
  550. Schedule 11: Repeals
  551. 1Excise duties
  552. 2Income tax, corporation tax and capital gains tax
  553. 3Stamp taxes
  554. 4Pensions etc