OpenLegislation

Finance Act 2008

2008 c. 9 · Enacted 21 July 2008 · Extends to United Kingdom

Not fully up to date. 12 changes made by later legislation have not yet been written into this text, which is revised to 1 April 2026.

See the changes not yet applied
ProvisionChangeMade by
Sch. 7 para. 92-94omittedFinance Act 2008 s. 41(7)(l)
Sch. 17 para. 30omittedFinance Act 2008 s. 41(7)(l)
Sch. 41 para. 13(3) Tablewords insertedFinance Act 2015 Sch. 20 para. 13
Sch. 41 para. 6(2)(c)word substitutedFinance Act 2015 Sch. 20 para. 10(3)(c)
Sch. 41 para. 6(5)word substitutedFinance Act 2015 Sch. 20 para. 10(4)
Sch. 41 para. 6A(A1)(1)substituted for Sch. 41 para. 6A(1)Finance Act 2015 Sch. 20 para. 11(2)
Sch. 41 para. 6(1A)insertedFinance Act 2015 Sch. 20 para. 10(2)
Sch. 41 para. 6(2)(a)word substitutedFinance Act 2015 Sch. 20 para. 10(3)(a)
Sch. 41 para. 6(2)(b)word substitutedFinance Act 2015 Sch. 20 para. 10(3)(b)
s. 131extended to ScotlandFinance Act 2016 s. 178(1)
Sch. 36 para. 37(2)(a)words insertedFinance (No. 2) Act 2017 Sch. 14 para. 38(3)
Sch. 36 para. 21(1)words insertedFinance (No. 2) Act 2017 Sch. 14 para. 38(2)
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.[21st July 2008]

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:—C1C2C3

Annotations to the whole text

Modifications

C1

Act modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), arts. 1, 3, Sch.

C2

Act applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 6 Pt. 1 (with reg. 27(a))

C3

Act applied (with modifications) (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 3 paras. 2, 3 (with reg. 5) (as amended (4.1.2024) by S.I. 2023/1399, regs. 1(2), 4, 21(4))

Contents

  1. Part 1: Charges, rates, allowances, reliefs etc
  2. Income tax
  3. 1Charge and main rates for 2008-09
  4. 2Personal allowance for those aged under 65
  5. 3Personal allowances for those aged 65 and over
  6. 4Basic rate limit
  7. 5Abolition of starting and savings rates and creation of starting rate for savings
  8. Corporation tax
  9. 6Charge and main rates for financial year 2009
  10. 7Small companies' rates and fractions for financial year 2008 etc Repealed
  11. Capital gains tax
  12. 8Rate etc
  13. 9Entrepreneurs' relief
  14. Inheritance tax
  15. 10Transfer of unused nil-rate band etc
  16. Alcohol and tobacco
  17. 11Rates of alcoholic liquor duty
  18. 12Rates of tobacco products duty
  19. Fuel duties
  20. 13Rates and rebates: simplification
  21. 14Biodiesel and bioblend
  22. 15Rates and rebates: increase from 1 October 2008
  23. 16Fuel for aircraft and boats, heating oil and fuel for certain engines
  24. Environmental taxes and duties
  25. 17Rates of vehicle excise duty
  26. 18Standard rate of landfill tax
  27. 19Rates of climate change levy
  28. 20Rate of aggregates levy
  29. 21Carbon reduction trading scheme: charges for allocations
  30. Gambling duties
  31. 22Rates of gaming duty
  32. 23Amusement machine licence duty
  33. Part 2: Income tax, corporation tax and capital gains tax_general
  34. Residence and domicile
  35. 24Periods of residence
  36. 25Remittance basis
  37. Research and development
  38. 26Rates of R&D relief and vaccine research relief Repealed
  39. 27Qualifying expenditure: R&D relief and vaccine research relief Repealed
  40. 28Companies in difficulty: SME R&D relief and vaccine research relief Repealed
  41. 29Cap on R&D aid Repealed
  42. 30Vaccine research relief: declaration about effect of relief Repealed
  43. Venture capital schemes etc
  44. 31Enterprise investment scheme: increase in amount of relief Repealed
  45. 32Venture capital schemes
  46. 33Enterprise management incentives: qualifying companies
  47. Other business and investment measures
  48. 34Tax credits for certain foreign distributions
  49. 35Small companies' relief: associated companies Repealed
  50. 36Company gains from investment life insurance contracts etc
  51. 37Trade profits: changes in trading stock
  52. 38Non-residents: investment managers
  53. 39Dormant assets
  54. 40Individual investment plan regulations
  55. Offshore funds
  56. 40AMeaning of “offshore fund” Repealed
  57. 40BMeaning of “mutual fund” etc Repealed
  58. 40CUmbrella arrangements Repealed
  59. 40DArrangements comprising more than one class of interest Repealed
  60. 40EMeaning of “mutual fund”: exceptions Repealed
  61. 40FMeaning of “relevant income-producing assets” Repealed
  62. 40GMeaning of “mutual fund”: powers to vary exceptions Repealed
  63. 41Tax treatment of participants in offshore funds Repealed
  64. 42Regulations under section 41: supplementary Repealed
  65. 42ARegulations: procedure Repealed
  66. Insurance companies and friendly societies
  67. 43Insurance companies etc
  68. 44Friendly societies Repealed
  69. Employment matters
  70. 45Homes outside UK owned through company etc
  71. 46In-work and return to work credits and payments
  72. 47Company cars: lower threshold for CO2 emissions figure
  73. 48Van fuel benefit
  74. 49Employment-related securities etc: deductible amounts etc
  75. 50Employment-related securities: repeal of obsolete provisions
  76. 51Armed forces: the Council Tax Relief
  77. 52Greater London Authority: severance payments
  78. Charities etc
  79. 53Gift aid: payments to charities
  80. 54Community investment tax relief Repealed
  81. Leasing
  82. 55Leases of plant or machinery
  83. 56Sale of lessor companies etc Repealed
  84. Double taxation arrangements
  85. 57Double taxation relief Repealed
  86. 58UK residents and foreign partnerships
  87. 59UK residents and foreign enterprises Repealed
  88. Other anti-avoidance provisions
  89. 60Restrictions on trade loss relief for individuals
  90. 61Non-active partners
  91. 62Financial arrangements avoidance
  92. 63Manufactured payments
  93. 64Controlled foreign companies
  94. 65Intangible fixed assets: related parties Repealed
  95. 66Repeal of obsolete anti-avoidance provisions
  96. Miscellaneous
  97. 67Income of beneficiaries under settlor-interested settlements
  98. 68Income charged at dividend upper rate
  99. 69Payments on account of income tax
  100. 70Allowances etc for non-resident nationals of an EEA state
  101. Part 3: Capital allowances
  102. Plant and machinery: qualifying expenditure
  103. 71Thermal insulation of buildings
  104. 72Expenditure on required fire precautions
  105. 73Integral features
  106. Plant and machinery: annual investment allowance
  107. 74Annual investment allowance
  108. Plant and machinery: first-year allowances
  109. 75First-year allowance for small and medium-sized enterprises discontinued
  110. 76Repeal of spent first-year allowances
  111. 77Cars with low carbon dioxide emissions
  112. 78Gas refuelling stations
  113. 79First-year tax credits Repealed
  114. Plant and machinery: writing-down allowances and pools
  115. 80Main rate of writing down allowance
  116. 81Small pools
  117. 82Special rate expenditure and the special rate pool
  118. 83Existing long-life asset expenditure treated as special rate expenditure
  119. Industrial and agricultural buildings allowances
  120. 84Abolition of allowances from 2011
  121. 85Phasing out of allowances before abolition Repealed
  122. 86Qualifying enterprise zone expenditure: transitional provision Repealed
  123. 87Phasing out of industrial buildings allowance: anti-avoidance Repealed
  124. Supplementary provision
  125. 88Power to make consequential and transitional provision
  126. Anti-avoidance
  127. 89Balancing allowances on transfers of trade Repealed
  128. Part 4: Pensions
  129. 90Spreading of relief on indirect contributions
  130. 91Inheritance etc of tax-relieved pension savings
  131. 92Pension schemes: further provision
  132. Part 5: Stamp taxes
  133. Stamp duty land tax
  134. 93Zero-carbon homes
  135. 94Notification and registration of transactions
  136. 95Charge where consideration includes rent: 0% band
  137. 96Withdrawal of group relief
  138. 97Transfers of interests in property-investment partnerships
  139. Stamp duty
  140. 98Exemption from ad valorem stamp duty for low value transactions
  141. 99Abolition of fixed stamp duty on certain instruments
  142. 100Gifts inter vivos
  143. 101Loan capital
  144. Part 6: Oil
  145. Petroleum revenue tax
  146. 102Meaning of “participator”
  147. 103Abandonment expenditure: default by participator met by former participator
  148. 104Abandonment expenditure: deductions from ring fence income Repealed
  149. 105Abandonment expenditure: former participator reimbursed by defaulter Repealed
  150. 106Returns of relevant sales of oil
  151. 107Elections for oil fields to become non-taxable
  152. Corporation tax
  153. 108Capital allowances: plant and machinery for use in ring fence trade
  154. 109Capital allowances: decommissioning expenditure
  155. 110Capital allowances: abandonment expenditure after ceasing ring fence trade
  156. 111Losses: set off against profits of earlier accounting periods
  157. 112Ring fence trade: no deduction for expenses of investment management Repealed
  158. Part 7: Administration
  159. Chapter 1: Information etc
  160. New information etc powers
  161. 113Information and inspection powers
  162. 114Computer records etc
  163. Other measures
  164. 115Record-keeping
  165. 116Disclosure of tax avoidance schemes
  166. 117Power to open or unpack containers
  167. Chapter 2: Time limits for claims and assessments etc
  168. General
  169. 118Time limits for assessments, claims etc
  170. Income tax and corporation tax
  171. 119Correction and amendment of tax returns
  172. VAT
  173. 120VAT: time limits for assessments of excess credits etc
  174. 121Old VAT claims: extended time limits
  175. Chapter 3: Penalties
  176. 122Penalties for errors
  177. 123Penalties for failure to notify etc
  178. Chapter 4: Appeals etc
  179. Reviews and appeals etc: general
  180. 124HMRC decisions etc: reviews and appeals
  181. Customs and excise decisions subject to review and appeal
  182. 125Alcoholic liquor duties
  183. 126Security under CEMA 1979
  184. Chapter 5: Payment and enforcement
  185. Taking control of goods etc
  186. 127Enforcement by taking control of goods: England and Wales
  187. 128Summary warrant: Scotland
  188. 129Consequential provision and commencement
  189. Set off
  190. 130Set-off ...
  191. 131No set-off where insolvency procedure has been applied
  192. 132VAT: requirement to set-off
  193. 133Set-off etc where right to be paid a sum has been transferred
  194. 134Retained funding bonds: tender by Commissioners
  195. Other measures
  196. 135Interest on unpaid tax in case of disaster etc of national significance
  197. 136Fee for payment
  198. 137County court proceedings
  199. 138Certificates of debt
  200. Supplementary
  201. 139Interpretation of Chapter
  202. Part 8: Miscellaneous
  203. Inheritance tax
  204. 140Charge on termination of interest in possession where new interest acquired
  205. 141Interest in possession settlements: extension of transitional period
  206. Insurance premium tax
  207. 142Tax representatives
  208. 143Overseas insurers
  209. Vehicle excise duty
  210. 144Rebates
  211. 145Offence of using or keeping unlicensed vehicle
  212. 146Rates for new lower-emission vans
  213. 147Not exhibiting licence: period of grace Repealed
  214. 148Reduced pollution certificates
  215. Climate change levy and landfill tax
  216. 149Climate change levy: coal mine methane no longer to be renewable source
  217. 150Climate change levy accounting documents: abolition of self-identification
  218. 151Landfill tax credit: withdrawing approval of environmental bodies
  219. Aviation
  220. 152Aviation duty
  221. 153Air passenger duty: class of travel with large seat pitch
  222. Alternative finance arrangements
  223. 154Stamp duty and stamp duty reserve tax: alternative finance investment bonds
  224. 155Alternative property finance: anti-avoidance
  225. 156Alternative finance arrangements: power to vary Chapter 5 of Part 2 of FA 2005 Repealed
  226. 157Government borrowing: alternative finance arrangements
  227. Payments from Exchequer accounts
  228. 158Power of Treasury to make payments
  229. 159Payments from certain Exchequer accounts: mechanism
  230. Other matters
  231. 160Power to give statutory effect to concessions
  232. 161Fuel duty: definition of “ultra low sulphur diesel”
  233. 162Duties: abolition of disregard of fractions of penny
  234. 163National savings
  235. 164EU emissions trading: criminal offences
  236. Part 9: Final provisions
  237. 165Interpretation
  238. 166Short title
  239. Schedule 1: Abolition of starting and savings rates and creation of starting rate for savings
  240. Part 1: Amendments of ITA 2007
  241. 1Paragraph 1
  242. 2Paragraph 2
  243. 3Paragraph 3
  244. 4Paragraph 4
  245. 5Paragraph 5
  246. 6Paragraph 6
  247. 7Paragraph 7
  248. 8Paragraph 8
  249. 9Paragraph 9
  250. 10Paragraph 10
  251. 11Paragraph 11
  252. 12Paragraph 12
  253. 13Paragraph 13
  254. 14Paragraph 14
  255. 15Paragraph 15
  256. 16Paragraph 16
  257. 17Paragraph 17
  258. 18Paragraph 18
  259. 19Paragraph 19
  260. 20Paragraph 20
  261. 21Paragraph 21
  262. 22Paragraph 22
  263. 23Paragraph 23 Repealed
  264. 24Paragraph 24
  265. 25Paragraph 25 Repealed
  266. 26Paragraph 26
  267. 27Paragraph 27
  268. 28Paragraph 28
  269. 29Paragraph 29
  270. 30Paragraph 30
  271. 31Paragraph 31
  272. 32Paragraph 32
  273. 33Paragraph 33
  274. 34Paragraph 34
  275. 35Paragraph 35
  276. 36Paragraph 36
  277. Part 2: Other amendments
  278. TMA 1970
  279. 37Paragraph 37
  280. 38Paragraph 38
  281. 39Paragraph 39
  282. ICTA
  283. 40Paragraph 40
  284. 41Paragraph 41 Repealed
  285. 42Paragraph 42 Repealed
  286. 43Paragraph 43
  287. 44Paragraph 44 Repealed
  288. 45Paragraph 45
  289. 46Paragraph 46
  290. FA 1989
  291. 47Paragraph 47
  292. TCGA 1992
  293. 48Paragraph 48 Repealed
  294. FA 1996
  295. 49Paragraph 49
  296. ITTOIA 2005
  297. 50Paragraph 50
  298. 51Paragraph 51
  299. 52Paragraph 52
  300. 53Paragraph 53
  301. 54Paragraph 54
  302. 55Paragraph 55
  303. 56Paragraph 56
  304. 57Paragraph 57
  305. 58Paragraph 58
  306. 59Paragraph 59 Repealed
  307. 60Paragraph 60
  308. 61Paragraph 61
  309. 62Paragraph 62
  310. 63Paragraph 63
  311. F(No.2)A 2005
  312. 64Paragraph 64
  313. Part 3: Commencement
  314. 65Paragraph 65
  315. Schedule 2: Capital gains tax reform
  316. Rate: consequentials
  317. 1Paragraph 1
  318. 2Paragraph 2
  319. 3Paragraph 3
  320. 4Paragraph 4
  321. 5Paragraph 5
  322. 6Paragraph 6
  323. 7Paragraph 7
  324. 8Paragraph 8
  325. 9Paragraph 9
  326. 10Paragraph 10
  327. 11Paragraph 11
  328. 12Paragraph 12
  329. 13Paragraph 13
  330. 14Paragraph 14
  331. 15Paragraph 15
  332. 16Paragraph 16
  333. 17Paragraph 17
  334. 18Paragraph 18
  335. 19Paragraph 19
  336. 20Paragraph 20
  337. 21Paragraph 21
  338. 22Paragraph 22
  339. Abolition of taper relief
  340. 23Paragraph 23
  341. 24Paragraph 24
  342. 25Paragraph 25
  343. 26Paragraph 26
  344. 27Paragraph 27
  345. 28Paragraph 28
  346. 29Paragraph 29
  347. 30Paragraph 30
  348. 31Paragraph 31
  349. 32Paragraph 32
  350. 33Paragraph 33
  351. 34Paragraph 34
  352. 35Paragraph 35
  353. 36Paragraph 36
  354. 37Paragraph 37 Repealed
  355. 38Paragraph 38
  356. 39Paragraph 39
  357. 40Paragraph 40
  358. 41Paragraph 41
  359. 42Paragraph 42
  360. 43Paragraph 43
  361. 44Paragraph 44
  362. 45Paragraph 45
  363. 46Paragraph 46
  364. 47Paragraph 47
  365. 48Paragraph 48
  366. 49Paragraph 49
  367. 50Paragraph 50
  368. 51Paragraph 51 Repealed
  369. 52Paragraph 52
  370. 53Paragraph 53
  371. 54Paragraph 54
  372. 55Paragraph 55
  373. 56Paragraph 56
  374. Abolition of “kink” test
  375. 57Paragraph 57
  376. 58Paragraph 58
  377. 59Paragraph 59
  378. 60Paragraph 60
  379. 61Paragraph 61
  380. 62Paragraph 62
  381. 63Paragraph 63
  382. 64Paragraph 64
  383. 65Paragraph 65
  384. 66Paragraph 66
  385. 67Paragraph 67
  386. 68Paragraph 68
  387. 69Paragraph 69
  388. 70Paragraph 70
  389. 71Paragraph 71
  390. Abolition of “halving relief”
  391. 72Paragraph 72
  392. 73Paragraph 73
  393. 74Paragraph 74
  394. 75Paragraph 75
  395. 76Paragraph 76
  396. Abolition of indexation allowance
  397. 77Paragraph 77
  398. 78Paragraph 78
  399. 79Paragraph 79
  400. 80Paragraph 80
  401. 81Paragraph 81
  402. 82Paragraph 82
  403. 83Paragraph 83
  404. Simplification of pooling etc
  405. 84Paragraph 84
  406. 85Paragraph 85
  407. 86Paragraph 86
  408. 87Paragraph 87
  409. 88Paragraph 88
  410. 89Paragraph 89
  411. 90Paragraph 90
  412. 91Paragraph 91
  413. 92Paragraph 92
  414. 93Paragraph 93
  415. 94Paragraph 94
  416. 95Paragraph 95
  417. 96Paragraph 96
  418. 97Paragraph 97
  419. 98Paragraph 98
  420. 99Paragraph 99
  421. 100Paragraph 100
  422. Meaning of “tax year”
  423. 101Paragraph 101
  424. 102Paragraph 102
  425. Schedule 3: Entrepreneurs' relief
  426. Introduction
  427. 1Paragraph 1
  428. Main provisions
  429. 2Paragraph 2
  430. Other amendments
  431. 3Paragraph 3 Repealed
  432. 4Paragraph 4
  433. Commencement
  434. 5Paragraph 5
  435. Transitionals: section 169P(4)(d)
  436. 6Paragraph 6
  437. Transitionals: reorganisations
  438. 7Paragraph 7
  439. Transitionals: EIS and VCT
  440. 8Paragraph 8
  441. Schedule 4: Inheritance tax: transfer of nil-rate band etc
  442. Amendments of IHTA 1984
  443. 1Paragraph 1
  444. 2Paragraph 2
  445. 3Paragraph 3
  446. 4Paragraph 4 Repealed
  447. 5Paragraph 5
  448. 6Paragraph 6
  449. 7Paragraph 7
  450. Amendment of TCGA 1992
  451. 8Paragraph 8
  452. Commencement
  453. 9Paragraph 9
  454. Modifications for cases where deceased person died before 25 July 1986
  455. 10Paragraph 10
  456. 11Paragraph 11
  457. Schedule 5: Fuel duty: biodiesel and bioblend
  458. 1Paragraph 1
  459. 2Paragraph 2
  460. 3Paragraph 3
  461. 4Paragraph 4
  462. 5Paragraph 5
  463. 6Paragraph 6
  464. 7Paragraph 7
  465. 8Paragraph 8
  466. 9Paragraph 9
  467. 10Paragraph 10
  468. 11Paragraph 11
  469. 12Paragraph 12
  470. 13Paragraph 13
  471. 14Paragraph 14
  472. 15Paragraph 15
  473. 16Paragraph 16
  474. 17Paragraph 17
  475. 18Paragraph 18
  476. 19Paragraph 19
  477. 20Paragraph 20
  478. 21Paragraph 21
  479. 22Paragraph 22
  480. 23Paragraph 23
  481. 24Paragraph 24
  482. 25Paragraph 25
  483. 26Paragraph 26
  484. Schedule 6: Aircraft and boat fuel, heating oil and fuel used for certain engines
  485. Part 1: Fuel used in aircraft and boats
  486. Aviation gasoline
  487. 1Paragraph 1
  488. 2Paragraph 2
  489. 3Paragraph 3
  490. 4Paragraph 4
  491. 5Paragraph 5
  492. 6Paragraph 6
  493. 7Paragraph 7
  494. 8Paragraph 8
  495. Kerosene used for aviation (avtur)
  496. 9Paragraph 9
  497. 10Paragraph 10
  498. 11Paragraph 11
  499. Fuel for private pleasure craft
  500. 12Paragraph 12
  501. 13Paragraph 13
  502. 14Paragraph 14
  503. 15Paragraph 15
  504. 16Paragraph 16
  505. Consequential amendments
  506. 17Paragraph 17
  507. 18Paragraph 18
  508. 19Paragraph 19
  509. 20Paragraph 20
  510. Commencement etc
  511. 21Paragraph 21
  512. 22Paragraph 22
  513. 23Paragraph 23
  514. Part 2: Heavy oil used for heating or as fuel for certain engines
  515. Amendments of HODA 1979
  516. 24Paragraph 24
  517. 25Paragraph 25
  518. 26Paragraph 26
  519. 27Paragraph 27
  520. 28Paragraph 28
  521. 29Paragraph 29
  522. 30Paragraph 30
  523. 31Paragraph 31
  524. 32Paragraph 32
  525. Amendments of FA 1994
  526. 33Paragraph 33
  527. 34Paragraph 34
  528. 35Paragraph 35
  529. 36Paragraph 36
  530. Commencement
  531. 37Paragraph 37
  532. Schedule 7: Remittance basis
  533. Part 1: Main provisions
  534. Remittance basis_general
  535. 1Paragraph 1
  536. Employment income
  537. 2Paragraph 2
  538. 3Paragraph 3
  539. 4Paragraph 4
  540. 5Paragraph 5
  541. 6Paragraph 6
  542. 7Paragraph 7
  543. 8Paragraph 8
  544. 9Paragraph 9
  545. 10Paragraph 10
  546. 11Paragraph 11
  547. 12Paragraph 12
  548. 13Paragraph 13
  549. 14Paragraph 14
  550. 15Paragraph 15
  551. 16Paragraph 16
  552. 17Paragraph 17
  553. 18Paragraph 18
  554. 19Paragraph 19
  555. 20Paragraph 20
  556. 21Paragraph 21
  557. 22Paragraph 22
  558. 23Paragraph 23
  559. 24Paragraph 24
  560. 25Paragraph 25
  561. 26Paragraph 26
  562. 27Paragraph 27
  563. 28Paragraph 28
  564. 29Paragraph 29
  565. 30Paragraph 30
  566. 31Paragraph 31
  567. 32Paragraph 32
  568. 33Paragraph 33
  569. 34Paragraph 34
  570. 35Paragraph 35
  571. 36Paragraph 36
  572. 37Paragraph 37
  573. 38Paragraph 38
  574. 39Paragraph 39
  575. 40Paragraph 40
  576. 41Paragraph 41
  577. 42Paragraph 42
  578. 43Paragraph 43
  579. 44Paragraph 44
  580. Relevant foreign income
  581. 45Paragraph 45
  582. 46Paragraph 46
  583. 47Paragraph 47
  584. 48Paragraph 48
  585. 49Paragraph 49
  586. 50Paragraph 50
  587. 51Paragraph 51
  588. 52Paragraph 52
  589. 53Paragraph 53
  590. 54Paragraph 54
  591. Chargeable gains
  592. 55Paragraph 55
  593. 56Paragraph 56
  594. 57Paragraph 57
  595. 58Paragraph 58
  596. 59Paragraph 59
  597. 60Paragraph 60
  598. 61Paragraph 61
  599. 62Paragraph 62
  600. 63Paragraph 63
  601. 64Paragraph 64
  602. Minor and consequential amendments
  603. 65Paragraph 65
  604. 66Paragraph 66
  605. 67Paragraph 67
  606. 68Paragraph 68
  607. 69Paragraph 69
  608. 70Paragraph 70
  609. 71Paragraph 71
  610. 72Paragraph 72
  611. 73Paragraph 73
  612. 74Paragraph 74
  613. 75Paragraph 75
  614. 76Paragraph 76
  615. 77Paragraph 77
  616. 78Paragraph 78
  617. 79Paragraph 79
  618. Commencement
  619. 80Paragraph 80
  620. 81Paragraph 81
  621. Transitional provision
  622. 82Paragraph 82
  623. 83Paragraph 83
  624. 84Paragraph 84
  625. 85Paragraph 85
  626. 86Paragraph 86
  627. 87Paragraph 87
  628. 88Paragraph 88
  629. 89Paragraph 89
  630. 90Paragraph 90
  631. 91Paragraph 91
  632. Part 2: Non-resident companies and trusts etc
  633. Offshore income gains
  634. 92Paragraph 92 Repealed
  635. 93Paragraph 93 Repealed
  636. 94Paragraph 94 Repealed
  637. 95Paragraph 95 Repealed
  638. 96Paragraph 96 Repealed
  639. 97Paragraph 97
  640. Offshore income gains: commencement etc
  641. 98Paragraph 98
  642. 99Paragraph 99
  643. 100Paragraph 100 Repealed
  644. 101Paragraph 101 Repealed
  645. 102Paragraph 102 Repealed
  646. Attribution of gains to members of non-resident companies
  647. 103Paragraph 103
  648. 104Paragraph 104
  649. 105Paragraph 105
  650. Attribution of gains to beneficiaries
  651. 106Paragraph 106
  652. 107Paragraph 107
  653. 108Paragraph 108
  654. 109Paragraph 109
  655. 110Paragraph 110
  656. 111Paragraph 111
  657. 112Paragraph 112
  658. 113Paragraph 113
  659. 114Paragraph 114
  660. Attribution of gains to beneficiaries: commencement etc
  661. 115Paragraph 115
  662. 116Paragraph 116
  663. 117Paragraph 117
  664. 118Paragraph 118
  665. 119Paragraph 119
  666. 120Paragraph 120
  667. 121Paragraph 121
  668. 122Paragraph 122
  669. 123Paragraph 123
  670. 124Paragraph 124
  671. 125Paragraph 125
  672. 126Paragraph 126
  673. 127Paragraph 127
  674. Attribution of gains to beneficiaries: cases involving transfers of value
  675. 128Paragraph 128
  676. 129Paragraph 129
  677. 130Paragraph 130
  678. 131Paragraph 131
  679. 132Paragraph 132
  680. 133Paragraph 133
  681. 134Paragraph 134
  682. 135Paragraph 135
  683. 136Paragraph 136
  684. 137Paragraph 137
  685. 138Paragraph 138
  686. 139Paragraph 139
  687. 140Paragraph 140
  688. 141Paragraph 141
  689. 142Paragraph 142
  690. 143Paragraph 143
  691. 144Paragraph 144
  692. 145Paragraph 145
  693. 146Paragraph 146
  694. Attribution of gains to beneficiaries in cases involving transfers of value: commencement etc
  695. 147Paragraph 147
  696. 148Paragraph 148
  697. 149Paragraph 149
  698. 150Paragraph 150
  699. 151Paragraph 151
  700. Attribution of gains to beneficiaries: existing Schedule 4C pools
  701. 152Paragraph 152
  702. 153Paragraph 153
  703. 154Paragraph 154
  704. 155Paragraph 155
  705. Transfers of securities: accrued income profits
  706. 156Paragraph 156
  707. 157Paragraph 157
  708. 158Paragraph 158
  709. 159Paragraph 159
  710. 160Paragraph 160
  711. Transfers of assets abroad
  712. 161Paragraph 161 Repealed
  713. 162Paragraph 162
  714. 163Paragraph 163
  715. 164Paragraph 164
  716. 165Paragraph 165
  717. 166Paragraph 166
  718. 167Paragraph 167
  719. 168Paragraph 168
  720. 169Paragraph 169
  721. 170Paragraph 170
  722. General
  723. 171Paragraph 171
  724. 172Paragraph 172
  725. Schedule 8: Rates of research and development relief and vaccine research relief Repealed
  726. Rates of research and development relief: SMEs Repealed
  727. 1Paragraph 1 Repealed
  728. Rates of research and development tax relief: large companies Repealed
  729. 2Paragraph 2 Repealed
  730. Rates of vaccine research relief Repealed
  731. 3Paragraph 3 Repealed
  732. Schedule 9: Companies in difficulty: SME R&D relief and vaccine research relief Repealed
  733. Research and development relief Repealed
  734. 1Paragraph 1 Repealed
  735. Vaccine research relief Repealed
  736. 2Paragraph 2 Repealed
  737. Commencement Repealed
  738. 3Paragraph 3 Repealed
  739. Schedule 10: Cap on R&D aid Repealed
  740. Part 1: Calculation of total R&D aid Repealed
  741. Calculation of total R&D aid Repealed
  742. 1Paragraph 1 Repealed
  743. 2Paragraph 2 Repealed
  744. 3Paragraph 3 Repealed
  745. 4Paragraph 4 Repealed
  746. 5Paragraph 5 Repealed
  747. Interpretation Repealed
  748. 6Paragraph 6 Repealed
  749. Transitional provision Repealed
  750. 7Paragraph 7 Repealed
  751. Part 2: Consequential amendments Repealed
  752. 8Paragraph 8 Repealed
  753. 9Paragraph 9 Repealed
  754. 10Paragraph 10 Repealed
  755. Schedule 11: Venture capital schemes
  756. Corporate Venturing Scheme
  757. 1Paragraph 1
  758. 2Paragraph 2
  759. 3Paragraph 3
  760. Enterprise Investment Scheme
  761. 4Paragraph 4
  762. 5Paragraph 5
  763. 6Paragraph 6
  764. Venture capital trusts
  765. 7Paragraph 7
  766. 8Paragraph 8
  767. 9Paragraph 9
  768. Commencement
  769. 10Paragraph 10
  770. 11Paragraph 11
  771. 12Paragraph 12
  772. 13Paragraph 13
  773. Schedule 12: Tax credit for certain foreign distributions
  774. Part 1: The tax credit
  775. 1Paragraph 1
  776. 2Paragraph 2
  777. 3Paragraph 3 Repealed
  778. 4Paragraph 4
  779. 5Paragraph 5 Repealed
  780. 6Paragraph 6 Repealed
  781. Part 2: Consequential provision
  782. TMA 1970
  783. 7Paragraph 7
  784. 8Paragraph 8 Repealed
  785. 9Paragraph 9 Repealed
  786. 10Paragraph 10 Repealed
  787. 11Paragraph 11 Repealed
  788. 12Paragraph 12 Repealed
  789. 13Paragraph 13 Repealed
  790. 14Paragraph 14 Repealed
  791. ICTA
  792. 15Paragraph 15 Repealed
  793. FA 1993
  794. 16Paragraph 16 Repealed
  795. ITTOIA 2005
  796. 17Paragraph 17
  797. 18Paragraph 18
  798. 19Paragraph 19 Repealed
  799. 20Paragraph 20 Repealed
  800. 21Paragraph 21
  801. 22Paragraph 22
  802. ITA 2007
  803. 23Paragraph 23
  804. 24Paragraph 24
  805. 25Paragraph 25 Repealed
  806. 26Paragraph 26 Repealed
  807. 27Paragraph 27
  808. 28Paragraph 28
  809. 29Paragraph 29
  810. 30Paragraph 30 Repealed
  811. 31Paragraph 31 Repealed
  812. Schedule 13: Company gains from investment life insurance contracts Repealed
  813. Definitions Repealed
  814. 1Paragraph 1 Repealed
  815. Contract to be loan relationship Repealed
  816. 2Paragraph 2 Repealed
  817. Increased non-trading credits Repealed
  818. 3Paragraph 3 Repealed
  819. 4Paragraph 4 Repealed
  820. Commencement Repealed
  821. 5Paragraph 5 Repealed
  822. 6Paragraph 6 Repealed
  823. 7Paragraph 7 Repealed
  824. 8Paragraph 8 Repealed
  825. Schedule 14: Company gains from investment life insurance contracts: consequential amendments etc
  826. ICTA
  827. 1Paragraph 1
  828. 2Paragraph 2 Repealed
  829. 3Paragraph 3
  830. 4Paragraph 4
  831. 5Paragraph 5
  832. 6Paragraph 6
  833. 7Paragraph 7
  834. 8Paragraph 8
  835. 9Paragraph 9
  836. ITTOIA 2005
  837. 10Paragraph 10
  838. 11Paragraph 11
  839. 12Paragraph 12
  840. 13Paragraph 13
  841. 14Paragraph 14
  842. 15Paragraph 15
  843. 16Paragraph 16
  844. Other repeals
  845. 17Paragraph 17
  846. Commencement
  847. 18Paragraph 18
  848. Schedule 15: Changes in trading stock
  849. Part 1: Income tax
  850. 1Paragraph 1
  851. 2Paragraph 2
  852. 3Paragraph 3
  853. 4Paragraph 4
  854. Part 2: Corporation tax Repealed
  855. Introduction Repealed
  856. 5Paragraph 5 Repealed
  857. Transfers of trading stock between trade and trader Repealed
  858. 6Paragraph 6 Repealed
  859. 7Paragraph 7 Repealed
  860. Other disposals not made in the course of trade Repealed
  861. 8Paragraph 8 Repealed
  862. 9Paragraph 9 Repealed
  863. Relationship with transfer pricing rules Repealed
  864. 10Paragraph 10 Repealed
  865. Schedule 16: Non-residents: investment managers
  866. Part 1: Eligibility to be UK representative
  867. 1Paragraph 1 Repealed
  868. 2Paragraph 2 Repealed
  869. Part 2: Eligibility to be agent of independent status
  870. FA 2003
  871. 3Paragraph 3 Repealed
  872. ITA 2007
  873. 4Paragraph 4
  874. 5Paragraph 5
  875. 6Paragraph 6
  876. Part 3: Non-residents liable to tax: disregarded investment income or profits
  877. FA 2003
  878. 7Paragraph 7 Repealed
  879. 8Paragraph 8 Repealed
  880. 9Paragraph 9 Repealed
  881. ITA 2007
  882. 10Paragraph 10
  883. Part 4: Commencement
  884. 11Paragraph 11
  885. Schedule 17: Insurance companies etc
  886. Financing-arrangement-funded transfers
  887. 1Paragraph 1 Repealed
  888. 2Paragraph 2 Repealed
  889. 3Paragraph 3
  890. 4Paragraph 4 Repealed
  891. Expenses: fronting reinsurance commissions etc
  892. 5Paragraph 5 Repealed
  893. 6Paragraph 6 Repealed
  894. Structural assets
  895. 7Paragraph 7
  896. 8Paragraph 8 Repealed
  897. Deposit back arrangements
  898. 9Paragraph 9
  899. Foreign business assets
  900. 10Paragraph 10 Repealed
  901. Foreign currency assets
  902. 11Paragraph 11 Repealed
  903. Derivative contracts
  904. 12Paragraph 12 Repealed
  905. Apportionments
  906. 13Paragraph 13
  907. 14Paragraph 14
  908. 15Paragraph 15
  909. UK distributions received by insurance companies
  910. 16Paragraph 16
  911. Clarification of scope of ICTA s.432A
  912. 17Paragraph 17 Repealed
  913. “BLAGAB profits” etc
  914. 18Paragraph 18 Repealed
  915. Abolition of “inherited estates” apportionment rules
  916. 19Paragraph 19
  917. Insurance special purpose vehicles
  918. 20Paragraph 20 Repealed
  919. Group relief: gross profits to exclude relevant profits
  920. 21Paragraph 21 Repealed
  921. Charges on income
  922. 22Paragraph 22 Repealed
  923. Remediation of contaminated land
  924. 23Paragraph 23 Repealed
  925. Repeal of ICTA s.56(4)
  926. 24Paragraph 24
  927. Partnership returns
  928. 25Paragraph 25
  929. Overseas life assurance business
  930. 26Paragraph 26 Repealed
  931. 27Paragraph 27
  932. Trades in I minus E
  933. 28Paragraph 28
  934. Controlled foreign companies
  935. 29Paragraph 29 Repealed
  936. Offshore income gains
  937. 30Paragraph 30 Repealed
  938. Transfers of business
  939. 31Paragraph 31 Repealed
  940. 32Paragraph 32 Repealed
  941. 33Paragraph 33 Repealed
  942. Periodical return
  943. 34Paragraph 34 Repealed
  944. Repeal of section 737D of ICTA
  945. 35Paragraph 35
  946. R&D relief
  947. 36Paragraph 36 Repealed
  948. Section 89(7) of FA 1989
  949. 37Paragraph 37 Repealed
  950. Commencement of Schedule 9 to FA 2007
  951. 38Paragraph 38
  952. Commencement of Business Transfer Schemes Order
  953. 39Paragraph 39
  954. Gross roll-up business
  955. 40Paragraph 40
  956. Repeal of spent provision
  957. 41Paragraph 41
  958. Schedule 18: Friendly societies Repealed
  959. Introduction Repealed
  960. 1Paragraph 1 Repealed
  961. PHI business Repealed
  962. 2Paragraph 2 Repealed
  963. Transfers of exempt “other” business Repealed
  964. 3Paragraph 3 Repealed
  965. Extension of section 463 Repealed
  966. 4Paragraph 4 Repealed
  967. Repeal of obsolete provisions Repealed
  968. 5Paragraph 5 Repealed
  969. Schedule 19: Reduction of basic rate of income tax: transitional relief for gift aid charities
  970. Payment of gift aid supplement
  971. 1Paragraph 1
  972. Amount of gift aid supplement
  973. 2Paragraph 2
  974. The “notional basic rate”
  975. 3Paragraph 3
  976. Errors in connection with payment of gift aid supplement
  977. 4Paragraph 4
  978. General
  979. 5Paragraph 5
  980. 6Paragraph 6
  981. 7Paragraph 7
  982. Amendments
  983. 8Paragraph 8 Repealed
  984. 9Paragraph 9
  985. Schedule 20: Leases of plant or machinery
  986. Capital received in respect of lease to be treated as income
  987. 1Paragraph 1 Repealed
  988. 2Paragraph 2
  989. 3Paragraph 3
  990. Disposal events: grant of long funding lease
  991. 4Paragraph 4 Repealed
  992. Deemed disposals: plant or machinery used under long funding lease
  993. 5Paragraph 5 Repealed
  994. Plant or machinery subject to a sale and finance leaseback or lease and finance leaseback
  995. 6Paragraph 6
  996. 7Paragraph 7
  997. Restriction on lessee's right to elect that rules for non-long funding leases apply
  998. 8Paragraph 8
  999. Lessors under long funding leases of plant or machinery
  1000. 9Paragraph 9 Repealed
  1001. 10Paragraph 10
  1002. 11Paragraph 11
  1003. Plant and machinery allowances: anti-avoidance
  1004. 12Paragraph 12
  1005. 13Paragraph 13
  1006. Schedule 21: Restriction on loss relief for non-active traders
  1007. Introduction
  1008. 1Paragraph 1
  1009. Main provisions
  1010. 2Paragraph 2
  1011. Other amendments
  1012. 3Paragraph 3
  1013. 4Paragraph 4
  1014. 5Paragraph 5
  1015. Commencement
  1016. 6Paragraph 6
  1017. 7Paragraph 7
  1018. Schedule 22: Avoidance involving financial arrangements
  1019. Rent factoring of leases of plant or machinery
  1020. 1Paragraph 1
  1021. Credit allowable in relation to interest
  1022. 2Paragraph 2
  1023. Distributions arising from tax arrangements
  1024. 3Paragraph 3 Repealed
  1025. Disposals for consideration not recognised by accounting practice
  1026. 4Paragraph 4 Repealed
  1027. Avoidance relying on continuity of treatment provisions
  1028. 5Paragraph 5 Repealed
  1029. Distributions from shares treated as loan relationships
  1030. 6Paragraph 6 Repealed
  1031. Depreciatory transactions
  1032. 7Paragraph 7 Repealed
  1033. 8Paragraph 8 Repealed
  1034. 9Paragraph 9 Repealed
  1035. Falsifying transactions
  1036. 10Paragraph 10 Repealed
  1037. 11Paragraph 11 Repealed
  1038. 12Paragraph 12 Repealed
  1039. Non-qualifying shares
  1040. 13Paragraph 13 Repealed
  1041. Income producing assets
  1042. 14Paragraph 14 Repealed
  1043. Exit arrangements
  1044. 15Paragraph 15 Repealed
  1045. Schemes etc designed to reproduce interest-like return
  1046. 16Paragraph 16 Repealed
  1047. Partnerships
  1048. 17Paragraph 17
  1049. Loan relationships treated differently by debtor and creditor
  1050. 18Paragraph 18 Repealed
  1051. Commercial rate of interest
  1052. 19Paragraph 19 Repealed
  1053. Derivative contracts
  1054. 20Paragraph 20 Repealed
  1055. Restrictions on relief for interest payments
  1056. 21Paragraph 21
  1057. Schedule 23: Manufactured payments: anti-avoidance
  1058. Introduction
  1059. 1Paragraph 1 Repealed
  1060. Section 572A
  1061. 2Paragraph 2 Repealed
  1062. Section 573
  1063. 3Paragraph 3 Repealed
  1064. Section 574
  1065. 4Paragraph 4 Repealed
  1066. Section 575
  1067. 5Paragraph 5
  1068. Section 578
  1069. 6Paragraph 6 Repealed
  1070. Section 579
  1071. 7Paragraph 7 Repealed
  1072. Section 580
  1073. 8Paragraph 8
  1074. Section 581A
  1075. 9Paragraph 9 Repealed
  1076. Section 583
  1077. 10Paragraph 10 Repealed
  1078. Capital gains
  1079. 11Paragraph 11 Repealed
  1080. 12Paragraph 12
  1081. Schedule 24: Annual investment allowance
  1082. Part 1: Amendments of CAA 2001
  1083. 1Paragraph 1
  1084. 2Paragraph 2
  1085. 3Paragraph 3
  1086. 4Paragraph 4
  1087. 5Paragraph 5
  1088. 6Paragraph 6
  1089. 7Paragraph 7
  1090. 8Paragraph 8
  1091. 9Paragraph 9
  1092. 10Paragraph 10
  1093. 11Paragraph 11
  1094. 12Paragraph 12
  1095. 13Paragraph 13
  1096. 14Paragraph 14
  1097. 15Paragraph 15
  1098. Part 2: Amendments of other enactments
  1099. ICTA
  1100. 16Paragraph 16
  1101. 17Paragraph 17
  1102. 18Paragraph 18
  1103. FA 2000
  1104. 19Paragraph 19
  1105. ITA 2007
  1106. 20Paragraph 20
  1107. 21Paragraph 21
  1108. 22Paragraph 22
  1109. Part 3: Commencement
  1110. 23Paragraph 23
  1111. Schedule 25: First-year tax credits Repealed
  1112. Part 1: Amendments of CAA 2001 Repealed
  1113. 1Paragraph 1 Repealed
  1114. 2Paragraph 2 Repealed
  1115. 3Paragraph 3 Repealed
  1116. 4Paragraph 4 Repealed
  1117. 5Paragraph 5 Repealed
  1118. 6Paragraph 6 Repealed
  1119. Part 2: Amendments of other enactments Repealed
  1120. ICTA Repealed
  1121. 7Paragraph 7 Repealed
  1122. FA 1998 Repealed
  1123. 8Paragraph 8 Repealed
  1124. Part 3: Commencement Repealed
  1125. 9Paragraph 9 Repealed
  1126. Schedule 26: Special rate expenditure and the special rate pool
  1127. Part 1: Amendments of CAA 2001
  1128. Introductory
  1129. 1Paragraph 1
  1130. Special rate expenditure and the special rate pool
  1131. 2Paragraph 2
  1132. Consequential amendments
  1133. 3Paragraph 3
  1134. 4Paragraph 4
  1135. 5Paragraph 5
  1136. 6Paragraph 6
  1137. 7Paragraph 7
  1138. 8Paragraph 8
  1139. 9Paragraph 9
  1140. 10Paragraph 10
  1141. 11Paragraph 11
  1142. 12Paragraph 12
  1143. 13Paragraph 13
  1144. Part 2: Commencement etc
  1145. Commencement
  1146. 14Paragraph 14
  1147. Sale between connected persons
  1148. 15Paragraph 15
  1149. Saving for intra-group transfers
  1150. 16Paragraph 16
  1151. 17Paragraph 17
  1152. Interpretation
  1153. 18Paragraph 18
  1154. Schedule 27: Abolition of allowances: consequential amendments and savings
  1155. Part 1: Consequential amendments
  1156. CAA 2001
  1157. 1Paragraph 1
  1158. 2Paragraph 2
  1159. 3Paragraph 3
  1160. 4Paragraph 4
  1161. 5Paragraph 5
  1162. 6Paragraph 6
  1163. 7Paragraph 7
  1164. 8Paragraph 8
  1165. 9Paragraph 9
  1166. 10Paragraph 10
  1167. 11Paragraph 11
  1168. 12Paragraph 12
  1169. 13Paragraph 13
  1170. 14Paragraph 14
  1171. 15Paragraph 15
  1172. 16Paragraph 16
  1173. 17Paragraph 17
  1174. 18Paragraph 18
  1175. 19Paragraph 19
  1176. 20Paragraph 20
  1177. ICTA
  1178. 21Paragraph 21 Repealed
  1179. FA 2000
  1180. 22Paragraph 22
  1181. FA 2001
  1182. 23Paragraph 23
  1183. Proceeds of Crime Act 2002 (c. 29)
  1184. 24Paragraph 24
  1185. Energy Act 2004 (c. 20)
  1186. 25Paragraph 25
  1187. ITTOIA 2005
  1188. 26Paragraph 26
  1189. ITA 2007
  1190. 27Paragraph 27
  1191. FA 2007
  1192. 28Paragraph 28
  1193. FA 2008
  1194. 29Paragraph 29
  1195. Commencement
  1196. 30Paragraph 30
  1197. Part 2: Savings
  1198. Enterprise zone expenditure
  1199. 31Paragraph 31
  1200. 32Paragraph 32
  1201. Definition of structure
  1202. 33Paragraph 33
  1203. Definition of qualifying trade
  1204. 34Paragraph 34
  1205. Commencement
  1206. 35Paragraph 35
  1207. Schedule 28: Inheritance of tax-relieved pension savings
  1208. Amendments of Part 4 of FA 2004
  1209. 1Paragraph 1
  1210. 2Paragraph 2
  1211. 3Paragraph 3
  1212. 4Paragraph 4
  1213. 5Paragraph 5
  1214. Amendments of IHTA 1984
  1215. 6Paragraph 6 Repealed
  1216. 7Paragraph 7 Repealed
  1217. 8Paragraph 8 Repealed
  1218. 9Paragraph 9 Repealed
  1219. 10Paragraph 10 Repealed
  1220. 11Paragraph 11 Repealed
  1221. 12Paragraph 12 Repealed
  1222. 13Paragraph 13 Repealed
  1223. 14Paragraph 14 Repealed
  1224. Commencement
  1225. 15Paragraph 15
  1226. Schedule 29: Further provision about pension schemes
  1227. Authorised member payments
  1228. 1Paragraph 1
  1229. Transfer of lifetime annuities and dependants' annuities
  1230. 2Paragraph 2 Repealed
  1231. Definition of investment-regulated pension schemes
  1232. 3Paragraph 3
  1233. Benefit crystallisation event 3
  1234. 4Paragraph 4
  1235. 5Paragraph 5
  1236. 6Paragraph 6
  1237. 7Paragraph 7
  1238. 8Paragraph 8
  1239. 9Paragraph 9
  1240. 10Paragraph 10
  1241. 11Paragraph 11
  1242. 12Paragraph 12
  1243. Transitional protection of lump sums
  1244. 13Paragraph 13
  1245. Miscellaneous provision about registered pension schemes
  1246. 14Paragraph 14
  1247. 15Paragraph 15
  1248. 16Paragraph 16 Repealed
  1249. Employer contributions under exempt approved schemes
  1250. 17Paragraph 17
  1251. Inheritance tax treatment of non-UK pension schemes
  1252. 18Paragraph 18
  1253. Application of charges to non-UK pension schemes
  1254. 19Paragraph 19
  1255. Schedule 30: Stamp duty land tax: notification etc: consequential provision
  1256. FA 2003
  1257. 1Paragraph 1
  1258. 2Paragraph 2
  1259. 3Paragraph 3
  1260. 4Paragraph 4
  1261. 5Paragraph 5
  1262. 6Paragraph 6 Repealed
  1263. 7Paragraph 7
  1264. 8Paragraph 8
  1265. 9Paragraph 9
  1266. 10Paragraph 10
  1267. 11Paragraph 11
  1268. 12Paragraph 12
  1269. 13Paragraph 13
  1270. 14Paragraph 14
  1271. FA 2007
  1272. 15Paragraph 15
  1273. Schedule 31: Stamp duty land tax: special provisions for property-investment partnerships
  1274. Part 1: Transfer of interest in partnership: “relevant partnership property”
  1275. Paragraph 14 of Schedule 15 to FA 2003
  1276. 1Paragraph 1
  1277. Consequential provision
  1278. 2Paragraph 2
  1279. 3Paragraph 3
  1280. 4Paragraph 4 Repealed
  1281. Part 2: Elections in respect of interest transferred to partnership
  1282. Election when interest transferred to partnership
  1283. 5Paragraph 5
  1284. 6Paragraph 6
  1285. 7Paragraph 7
  1286. Consequential provision
  1287. 8Paragraph 8
  1288. 9Paragraph 9 Repealed
  1289. Part 3: Transitional provision
  1290. 10Paragraph 10
  1291. 11Paragraph 11
  1292. Schedule 32: Stamp duty: abolition of fixed duty on certain instruments
  1293. Part 1: Abolition of fixed duty
  1294. FA 1985
  1295. 1Paragraph 1
  1296. 2Paragraph 2
  1297. 3Paragraph 3
  1298. FA 1986
  1299. 4Paragraph 4
  1300. 5Paragraph 5
  1301. 6Paragraph 6
  1302. 7Paragraph 7
  1303. 8Paragraph 8
  1304. FA 1999
  1305. 9Paragraph 9
  1306. 10Paragraph 10
  1307. 11Paragraph 11
  1308. Part 2: Consequential provisions and saving
  1309. FA 1982
  1310. 12Paragraph 12
  1311. FA 1986
  1312. 13Paragraph 13
  1313. 14Paragraph 14
  1314. 15Paragraph 15
  1315. FA 1987
  1316. 16Paragraph 16
  1317. 17Paragraph 17
  1318. 18Paragraph 18
  1319. FA 1990
  1320. 19Paragraph 19
  1321. FA 1999
  1322. 20Paragraph 20
  1323. FA 2003
  1324. 21Paragraph 21
  1325. Saving for certain land transactions
  1326. 22Paragraph 22
  1327. Repeals on abolition day
  1328. 23Paragraph 23
  1329. Schedule 33: PRT: elections for oil fields to become non-taxable
  1330. Part 1: New Schedule 20A to FA 1993
  1331. 1Paragraph 1
  1332. Part 2: Other amendments
  1333. OTA 1975
  1334. 2Paragraph 2
  1335. FA 1980
  1336. 3Paragraph 3
  1337. Oil Taxation Act 1983
  1338. 4Paragraph 4
  1339. Schedule 34: Oil decommissioning expenditure: consequential amendments
  1340. ICTA
  1341. 1Paragraph 1
  1342. CAA 2001
  1343. 2Paragraph 2
  1344. 3Paragraph 3
  1345. 4Paragraph 4
  1346. 5Paragraph 5
  1347. 6Paragraph 6
  1348. Schedule 35: Set off against oil profits: minor and consequential amendments
  1349. TMA 1970
  1350. 1Paragraph 1 Repealed
  1351. ICTA
  1352. 2Paragraph 2
  1353. 3Paragraph 3 Repealed
  1354. 4Paragraph 4 Repealed
  1355. 5Paragraph 5 Repealed
  1356. 6Paragraph 6 Repealed
  1357. 7Paragraph 7
  1358. 8Paragraph 8
  1359. 9Paragraph 9 Repealed
  1360. FA 2000
  1361. 10Paragraph 10 Repealed
  1362. Schedule 36: Information and inspection powers
  1363. Part 1: Powers to obtain information and documents
  1364. Power to obtain information and documents from taxpayer
  1365. 1Paragraph 1
  1366. Power to obtain information and documents from third party
  1367. 2Paragraph 2
  1368. Approval etc of taxpayer notices and third party notices
  1369. 3Paragraph 3
  1370. Copying third party notice to taxpayer
  1371. 4Paragraph 4
  1372. Power to obtain information and documents from financial institutions
  1373. 4AParagraph 4A
  1374. Power to obtain information and documents about persons whose identity is not known
  1375. 5Paragraph 5
  1376. Power to obtain information about persons whose identity can be ascertained
  1377. 5AParagraph 5A
  1378. Notices
  1379. 6Paragraph 6
  1380. Complying with notices
  1381. 7Paragraph 7
  1382. Producing copies of documents
  1383. 8Paragraph 8
  1384. Restrictions and special cases
  1385. 9Paragraph 9
  1386. Part 2: Powers to inspect PREMISES AND OTHER PROPERTY
  1387. Power to inspect business premises etc
  1388. 10Paragraph 10
  1389. Power to inspect business premises etc of involved third parties
  1390. 10AParagraph 10A
  1391. Power to inspect premises used in connection with taxable supplies etc
  1392. 11Paragraph 11
  1393. Carrying out inspections under paragraph 10, 10A or 11
  1394. 12Paragraph 12
  1395. Powers to inspect property for valuation etc
  1396. 12AParagraph 12A
  1397. Carrying out inspections under paragraph 12A
  1398. 12BParagraph 12B
  1399. Approval of tribunal
  1400. 13Paragraph 13
  1401. Restrictions and special cases
  1402. 14Paragraph 14
  1403. Part 3: Further powers
  1404. Power to copy documents
  1405. 15Paragraph 15
  1406. Power to remove documents
  1407. 16Paragraph 16
  1408. Power to mark assets and to record information
  1409. 17Paragraph 17
  1410. Part 4: Restrictions on powers
  1411. Documents not in person's possession or power
  1412. 18Paragraph 18
  1413. Types of information
  1414. 19Paragraph 19
  1415. Old documents
  1416. 20Paragraph 20
  1417. Taxpayer notices following tax return
  1418. 21Paragraph 21
  1419. Application of paragraph 21 in case of returns under Schedule 2 to FA 2019
  1420. 21ZAParagraph 21ZA
  1421. Taxpayer notices following land transaction return
  1422. 21AParagraph 21A
  1423. Annual tax on enveloped dwellings: taxpayer notices following return
  1424. 21BParagraph 21B
  1425. Deceased persons
  1426. 22Paragraph 22
  1427. Privileged communications between professional legal advisers and clients
  1428. 23Paragraph 23
  1429. Auditors
  1430. 24Paragraph 24
  1431. Tax advisers
  1432. 25Paragraph 25
  1433. Auditors and tax advisers: supplementary
  1434. 26Paragraph 26
  1435. 27Paragraph 27
  1436. Corresponding restrictions on inspection of ... documents
  1437. 28Paragraph 28
  1438. Part 5: Appeals against information notices
  1439. Right to appeal against taxpayer notice
  1440. 29Paragraph 29
  1441. Right to appeal against third party notice
  1442. 30Paragraph 30
  1443. Right to appeal against notice given under paragraph 5 or 5A
  1444. 31Paragraph 31
  1445. Procedure
  1446. 32Paragraph 32
  1447. Special cases
  1448. 33Paragraph 33
  1449. Part 6: Special cases
  1450. Supply of goods or services etc
  1451. 34Paragraph 34
  1452. Involved third parties
  1453. 34AParagraph 34A Repealed
  1454. Registered pension schemes etc
  1455. 34BParagraph 34B
  1456. Registered pension schemes etc: interpretation
  1457. 34CParagraph 34C
  1458. Groups of undertakings
  1459. 35Paragraph 35
  1460. Change of ownership of companies
  1461. 36Paragraph 36
  1462. Partnerships
  1463. 37Paragraph 37
  1464. Information in connection with herd basis election
  1465. 37AParagraph 37A
  1466. Information from persons liable to counteraction of tax advantage
  1467. 37BParagraph 37B
  1468. Specified relevant transfer pricing documents
  1469. 37CParagraph 37C
  1470. Application to the Crown
  1471. 38Paragraph 38
  1472. Part 7: Penalties
  1473. ... penalties for failure to comply or obstruction
  1474. 39Paragraph 39
  1475. Daily default penalties
  1476. 40Paragraph 40
  1477. Penalties for inaccurate information and documents
  1478. 40AParagraph 40A
  1479. Power to change amount of ... penalties
  1480. 41Paragraph 41
  1481. Concealing, destroying etc documents following information notice
  1482. 42Paragraph 42
  1483. Concealing, destroying etc documents following informal notification
  1484. 43Paragraph 43
  1485. Failure to comply with time limit
  1486. 44Paragraph 44
  1487. Reasonable excuse
  1488. 45Paragraph 45
  1489. Assessment of ... penalty
  1490. 46Paragraph 46
  1491. Right to appeal against ... penalty
  1492. 47Paragraph 47
  1493. Procedure on appeal against ... penalty
  1494. 48Paragraph 48
  1495. Enforcement of ... penalty
  1496. 49Paragraph 49
  1497. Increased daily default penalty
  1498. 49AParagraph 49A
  1499. 49BParagraph 49B
  1500. 49CParagraph 49C Repealed
  1501. Tax-related penalty
  1502. 50Paragraph 50
  1503. Enforcement of tax-related penalty
  1504. 51Paragraph 51
  1505. Disclosure of third party or financial institution notice
  1506. 51AParagraph 51A
  1507. 51BParagraph 51B
  1508. 51CParagraph 51C
  1509. Double jeopardy
  1510. 52Paragraph 52
  1511. Part 8: Offence
  1512. Concealing etc documents following information notice
  1513. 53Paragraph 53
  1514. Concealing etc documents following informal notification
  1515. 54Paragraph 54
  1516. Fine or imprisonment
  1517. 55Paragraph 55
  1518. Part 9: Miscellaneous provisions and interpretation
  1519. Application of provisions of TMA 1970
  1520. 56Paragraph 56
  1521. Regulations under this Schedule
  1522. 57Paragraph 57
  1523. General interpretation
  1524. 58Paragraph 58
  1525. Authorised officer of Revenue and Customs
  1526. 59Paragraph 59
  1527. Business
  1528. 60Paragraph 60
  1529. Chargeable period
  1530. 61Paragraph 61
  1531. Financial institution
  1532. 61ZAParagraph 61ZA
  1533. Involved third parties
  1534. 61AParagraph 61A
  1535. Statutory records
  1536. 62Paragraph 62
  1537. Tax
  1538. 63Paragraph 63
  1539. Tax debts: collection
  1540. 63AParagraph 63A
  1541. Tax debts: extended meaning of “relevant foreign tax”
  1542. 63BParagraph 63B
  1543. Tax position
  1544. 64Paragraph 64
  1545. Part 10: Consequential provisions
  1546. TMA 1970
  1547. 65Paragraph 65
  1548. 66Paragraph 66
  1549. 67Paragraph 67
  1550. 68Paragraph 68
  1551. 69Paragraph 69
  1552. 70Paragraph 70
  1553. 71Paragraph 71
  1554. 72Paragraph 72
  1555. 73Paragraph 73
  1556. 74Paragraph 74 Repealed
  1557. 75Paragraph 75
  1558. 76Paragraph 76
  1559. 77Paragraph 77
  1560. National Savings Bank Act 1971 (c. 29)
  1561. 78Paragraph 78
  1562. ICTA
  1563. 79Paragraph 79
  1564. 80Paragraph 80 Repealed
  1565. 81Paragraph 81
  1566. 82Paragraph 82 Repealed
  1567. FA 1990
  1568. 83Paragraph 83
  1569. Social Security Administration Act 1992 (c. 5)
  1570. 84Paragraph 84
  1571. Social Security Administration (Northern Ireland) Act 1992 (c. 8)
  1572. 85Paragraph 85
  1573. F(No.2)A 1992
  1574. 86Paragraph 86
  1575. VATA 1994
  1576. 87Paragraph 87
  1577. FA 1998
  1578. 88Paragraph 88
  1579. FA 1999
  1580. 89Paragraph 89
  1581. Tax Credits Act 2002 (c. 21)
  1582. 90Paragraph 90
  1583. FA 2006
  1584. 91Paragraph 91
  1585. Other repeals
  1586. 92Paragraph 92
  1587. Schedule 37: Record-keeping
  1588. TMA 1970
  1589. 1Paragraph 1
  1590. 2Paragraph 2
  1591. 3Paragraph 3
  1592. VATA 1994
  1593. 4Paragraph 4
  1594. 5Paragraph 5
  1595. 6Paragraph 6
  1596. FA 1998
  1597. 7Paragraph 7
  1598. 8Paragraph 8
  1599. 9Paragraph 9
  1600. Consequential provisions
  1601. 10Paragraph 10
  1602. 11Paragraph 11
  1603. Schedule 38: Disclosure of tax avoidance schemes
  1604. Amendments of Part 7 of FA 2004
  1605. 1Paragraph 1
  1606. 2Paragraph 2
  1607. 3Paragraph 3
  1608. 4Paragraph 4
  1609. 5Paragraph 5
  1610. 6Paragraph 6
  1611. Amendments of TMA 1970
  1612. 7Paragraph 7
  1613. Schedule 39: Time limits for assessments, claims etc.
  1614. TMA 1970
  1615. 1Paragraph 1
  1616. 2Paragraph 2
  1617. 3Paragraph 3
  1618. 4Paragraph 4
  1619. 5Paragraph 5
  1620. 6Paragraph 6
  1621. 7Paragraph 7
  1622. 8Paragraph 8
  1623. 9Paragraph 9
  1624. 10Paragraph 10
  1625. 11Paragraph 11
  1626. 12Paragraph 12
  1627. 13Paragraph 13
  1628. 14Paragraph 14
  1629. 15Paragraph 15
  1630. ICTA
  1631. 16Paragraph 16
  1632. 17Paragraph 17 Repealed
  1633. 18Paragraph 18 Repealed
  1634. 19Paragraph 19 Repealed
  1635. 20Paragraph 20 Repealed
  1636. 21Paragraph 21 Repealed
  1637. 22Paragraph 22 Repealed
  1638. 23Paragraph 23 Repealed
  1639. 24Paragraph 24 Repealed
  1640. 25Paragraph 25 Repealed
  1641. 26Paragraph 26 Repealed
  1642. FA 1991
  1643. 27Paragraph 27 Repealed
  1644. TCGA 1992
  1645. 28Paragraph 28
  1646. 29Paragraph 29
  1647. 30Paragraph 30
  1648. 31Paragraph 31
  1649. VATA 1994
  1650. 32Paragraph 32
  1651. 33Paragraph 33
  1652. 34Paragraph 34
  1653. 35Paragraph 35
  1654. 36Paragraph 36
  1655. FA 1998
  1656. 37Paragraph 37
  1657. 38Paragraph 38
  1658. 39Paragraph 39
  1659. 40Paragraph 40
  1660. 41Paragraph 41
  1661. 42Paragraph 42
  1662. 43Paragraph 43
  1663. 44Paragraph 44
  1664. 45Paragraph 45
  1665. 46Paragraph 46
  1666. 47Paragraph 47
  1667. FA 2002
  1668. 48Paragraph 48 Repealed
  1669. ITEPA 2003
  1670. 49Paragraph 49
  1671. ITTOIA 2005
  1672. 50Paragraph 50
  1673. 51Paragraph 51
  1674. 52Paragraph 52
  1675. 53Paragraph 53
  1676. ITA 2007
  1677. 54Paragraph 54
  1678. 55Paragraph 55
  1679. 56Paragraph 56
  1680. 57Paragraph 57
  1681. 58Paragraph 58
  1682. 59Paragraph 59
  1683. 60Paragraph 60
  1684. 61Paragraph 61
  1685. 62Paragraph 62
  1686. Consequential amendments
  1687. 63Paragraph 63
  1688. 64Paragraph 64
  1689. 65Paragraph 65
  1690. Saving
  1691. 66Paragraph 66 Repealed
  1692. Schedule 40: Penalties: amendments of Schedule 24 to FA 2007
  1693. 1Paragraph 1
  1694. 2Paragraph 2
  1695. 3Paragraph 3
  1696. 4Paragraph 4
  1697. 5Paragraph 5
  1698. 6Paragraph 6
  1699. 7Paragraph 7
  1700. 8Paragraph 8
  1701. 9Paragraph 9
  1702. 10Paragraph 10
  1703. 11Paragraph 11
  1704. 12Paragraph 12
  1705. 13Paragraph 13
  1706. 14Paragraph 14 Repealed
  1707. 15Paragraph 15
  1708. 16Paragraph 16
  1709. 17Paragraph 17
  1710. 18Paragraph 18
  1711. 19Paragraph 19
  1712. 20Paragraph 20
  1713. 21Paragraph 21
  1714. Schedule 41: Penalties: failure to notify and certain VAT and excise wrongdoing
  1715. Failure to notify etc
  1716. 1Paragraph 1
  1717. Issue of invoice showing VAT by unauthorised person
  1718. 2Paragraph 2
  1719. Putting product to use that attracts higher duty
  1720. 3Paragraph 3
  1721. Involvement in landfill disposal by unregistered person
  1722. 3AParagraph 3A
  1723. Handling goods subject to unpaid excise duty etc
  1724. 4Paragraph 4
  1725. Degrees of culpability
  1726. 5Paragraph 5
  1727. Amount of penalty: standard amount
  1728. 6Paragraph 6
  1729. 6AParagraph 6A
  1730. 6AAParagraph 6AA
  1731. 6ABParagraph 6AB
  1732. 6BParagraph 6B
  1733. 6CParagraph 6C
  1734. 6CAParagraph 6CA
  1735. 6DParagraph 6D
  1736. Potential lost revenue
  1737. 7Paragraph 7
  1738. 8Paragraph 8
  1739. 9Paragraph 9
  1740. 9AParagraph 9A
  1741. 10Paragraph 10
  1742. 11Paragraph 11
  1743. Reductions for disclosure
  1744. 12Paragraph 12
  1745. 13Paragraph 13
  1746. 13AParagraph 13A
  1747. Special reduction
  1748. 14Paragraph 14
  1749. Interaction with other penalties and late payment surcharges
  1750. 15Paragraph 15
  1751. Assessment
  1752. 16Paragraph 16
  1753. Appeal
  1754. 17Paragraph 17
  1755. 18Paragraph 18
  1756. 19Paragraph 19
  1757. Reasonable excuse
  1758. 20Paragraph 20
  1759. Agency
  1760. 21Paragraph 21
  1761. Companies: officers' liability
  1762. 22Paragraph 22
  1763. Double jeopardy
  1764. 23Paragraph 23
  1765. Interpretation
  1766. 24Paragraph 24
  1767. Consequential repeals
  1768. 25Paragraph 25
  1769. Schedule 42: Alcoholic liquor duties: decisions subject to review and appeal
  1770. 1Paragraph 1
  1771. 2Paragraph 2
  1772. 3Paragraph 3
  1773. 4Paragraph 4
  1774. 5Paragraph 5
  1775. 6Paragraph 6
  1776. 7Paragraph 7
  1777. Schedule 43: Taking control of goods etc: consequential provision
  1778. Part 1: Consequential provision: taking control of goods
  1779. TMA 1970
  1780. 1Paragraph 1
  1781. Social Security Administration Act 1992 (c. 5)
  1782. 2Paragraph 2
  1783. FA 1994
  1784. 3Paragraph 3
  1785. VATA 1994
  1786. 4Paragraph 4
  1787. FA 1996
  1788. 5Paragraph 5
  1789. FA 1997
  1790. 6Paragraph 6
  1791. FA 2000
  1792. 7Paragraph 7
  1793. FA 2001
  1794. 8Paragraph 8
  1795. FA 2003
  1796. 9Paragraph 9
  1797. Tribunals, Courts and Enforcement Act 2007 (c. 15)
  1798. 10Paragraph 10
  1799. Other repeals
  1800. 11Paragraph 11
  1801. Part 2: Consequential provision: summary warrant
  1802. TMA 1970
  1803. 12Paragraph 12
  1804. Debtors (Scotland) Act 1987 (c. 18)
  1805. 13Paragraph 13
  1806. Social Security Administration Act 1992 (c. 5)
  1807. 14Paragraph 14
  1808. FA 1997
  1809. 15Paragraph 15
  1810. FA 2003
  1811. 16Paragraph 16
  1812. Schedule 44: Certificates of debt: consequential provision
  1813. TMA 1970
  1814. 1Paragraph 1
  1815. OTA 1975
  1816. 2Paragraph 2
  1817. IHTA 1984
  1818. 3Paragraph 3
  1819. Social Security Administration Act 1992 (c. 5)
  1820. 4Paragraph 4
  1821. FA 1994
  1822. 5Paragraph 5
  1823. VATA 1994
  1824. 6Paragraph 6
  1825. FA 1996
  1826. 7Paragraph 7
  1827. FA 2000
  1828. 8Paragraph 8
  1829. FA 2001
  1830. 9Paragraph 9
  1831. FA 2003
  1832. 10Paragraph 10
  1833. Other repeals
  1834. 11Paragraph 11
  1835. Schedule 45: Vehicle excise duty: offence of using or keeping unlicensed vehicle
  1836. Introductory
  1837. 1Paragraph 1
  1838. Amendments of section 29
  1839. 2Paragraph 2
  1840. Amendment of section 30
  1841. 3Paragraph 3
  1842. Amendments of Schedule 2A
  1843. 4Paragraph 4
  1844. 5Paragraph 5
  1845. 6Paragraph 6
  1846. 7Paragraph 7
  1847. 8Paragraph 8
  1848. Schedule 46: Government borrowing: alternative finance arrangements
  1849. Introduction
  1850. 1Paragraph 1
  1851. 2Paragraph 2
  1852. Alternative finance arrangements that are to be available
  1853. 3Paragraph 3
  1854. Terms, conditions and procedures
  1855. 4Paragraph 4
  1856. Decisions to raise money through alternative finance arrangements
  1857. 5Paragraph 5
  1858. Involvement of persons other than the Treasury
  1859. 6Paragraph 6
  1860. Ancillary arrangements
  1861. 7Paragraph 7
  1862. Property
  1863. 8Paragraph 8
  1864. Powers and duties
  1865. 9Paragraph 9
  1866. Liabilities
  1867. 10Paragraph 10
  1868. Money raised
  1869. 11Paragraph 11
  1870. Other legislation
  1871. 12Paragraph 12
  1872. Things to be done otherwise than in regulations
  1873. 13Paragraph 13
  1874. 14Paragraph 14
  1875. Regulations to be made by SI
  1876. 15Paragraph 15
  1877. Parliamentary scrutiny
  1878. 16Paragraph 16
  1879. Interpretation
  1880. 17Paragraph 17