OpenLegislation

Finance Act 2008 in England

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  212. 147Not exhibiting licence: period of grace Repealed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  224. 156Alternative finance arrangements: power to vary Chapter 5 of Part 2 of FA 2005 Repealed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