OpenLegislation

Finance Act 2008 in Northern Ireland

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. 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. 13(3) Tablewords insertedFinance Act 2015 Sch. 20 para. 13
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. 129Consequential provision and commencement
  187. Set off
  188. 130Set-off ...
  189. 131No set-off where insolvency procedure has been applied
  190. 132VAT: requirement to set-off
  191. 133Set-off etc where right to be paid a sum has been transferred
  192. 134Retained funding bonds: tender by Commissioners
  193. Other measures
  194. 135Interest on unpaid tax in case of disaster etc of national significance
  195. 136Fee for payment
  196. 137County court proceedings
  197. 138Certificates of debt
  198. Supplementary
  199. 139Interpretation of Chapter
  200. Part 8: Miscellaneous
  201. Inheritance tax
  202. 140Charge on termination of interest in possession where new interest acquired
  203. 141Interest in possession settlements: extension of transitional period
  204. Insurance premium tax
  205. 142Tax representatives
  206. 143Overseas insurers
  207. Vehicle excise duty
  208. 144Rebates
  209. 145Offence of using or keeping unlicensed vehicle
  210. 146Rates for new lower-emission vans
  211. 147Not exhibiting licence: period of grace Repealed
  212. 148Reduced pollution certificates
  213. Climate change levy and landfill tax
  214. 149Climate change levy: coal mine methane no longer to be renewable source
  215. 150Climate change levy accounting documents: abolition of self-identification
  216. 151Landfill tax credit: withdrawing approval of environmental bodies
  217. Aviation
  218. 152Aviation duty
  219. 153Air passenger duty: class of travel with large seat pitch
  220. Alternative finance arrangements
  221. 154Stamp duty and stamp duty reserve tax: alternative finance investment bonds
  222. 155Alternative property finance: anti-avoidance
  223. 156Alternative finance arrangements: power to vary Chapter 5 of Part 2 of FA 2005 Repealed
  224. 157Government borrowing: alternative finance arrangements
  225. Payments from Exchequer accounts
  226. 158Power of Treasury to make payments
  227. 159Payments from certain Exchequer accounts: mechanism
  228. Other matters
  229. 160Power to give statutory effect to concessions
  230. 161Fuel duty: definition of “ultra low sulphur diesel”
  231. 162Duties: abolition of disregard of fractions of penny
  232. 163National savings
  233. 164EU emissions trading: criminal offences
  234. Part 9: Final provisions
  235. 165Interpretation
  236. 166Short title
  237. Schedule 1: Abolition of starting and savings rates and creation of starting rate for savings
  238. Part 1: Amendments of ITA 2007
  239. 1Paragraph 1
  240. 2Paragraph 2
  241. 3Paragraph 3
  242. 4Paragraph 4
  243. 5Paragraph 5
  244. 6Paragraph 6
  245. 7Paragraph 7
  246. 8Paragraph 8
  247. 9Paragraph 9
  248. 10Paragraph 10
  249. 11Paragraph 11
  250. 12Paragraph 12
  251. 13Paragraph 13
  252. 14Paragraph 14
  253. 15Paragraph 15
  254. 16Paragraph 16
  255. 17Paragraph 17
  256. 18Paragraph 18
  257. 19Paragraph 19
  258. 20Paragraph 20
  259. 21Paragraph 21
  260. 22Paragraph 22
  261. 23Paragraph 23 Repealed
  262. 24Paragraph 24
  263. 25Paragraph 25 Repealed
  264. 26Paragraph 26
  265. 27Paragraph 27
  266. 28Paragraph 28
  267. 29Paragraph 29
  268. 30Paragraph 30
  269. 31Paragraph 31
  270. 32Paragraph 32
  271. 33Paragraph 33
  272. 34Paragraph 34
  273. 35Paragraph 35
  274. 36Paragraph 36
  275. Part 2: Other amendments
  276. TMA 1970
  277. 37Paragraph 37
  278. 38Paragraph 38
  279. 39Paragraph 39
  280. ICTA
  281. 40Paragraph 40
  282. 41Paragraph 41 Repealed
  283. 42Paragraph 42 Repealed
  284. 43Paragraph 43
  285. 44Paragraph 44 Repealed
  286. 45Paragraph 45
  287. 46Paragraph 46
  288. FA 1989
  289. 47Paragraph 47
  290. TCGA 1992
  291. 48Paragraph 48 Repealed
  292. FA 1996
  293. 49Paragraph 49
  294. ITTOIA 2005
  295. 50Paragraph 50
  296. 51Paragraph 51
  297. 52Paragraph 52
  298. 53Paragraph 53
  299. 54Paragraph 54
  300. 55Paragraph 55
  301. 56Paragraph 56
  302. 57Paragraph 57
  303. 58Paragraph 58
  304. 59Paragraph 59 Repealed
  305. 60Paragraph 60
  306. 61Paragraph 61
  307. 62Paragraph 62
  308. 63Paragraph 63
  309. F(No.2)A 2005
  310. 64Paragraph 64
  311. Part 3: Commencement
  312. 65Paragraph 65
  313. Schedule 2: Capital gains tax reform
  314. Rate: consequentials
  315. 1Paragraph 1
  316. 2Paragraph 2
  317. 3Paragraph 3
  318. 4Paragraph 4
  319. 5Paragraph 5
  320. 6Paragraph 6
  321. 7Paragraph 7
  322. 8Paragraph 8
  323. 9Paragraph 9
  324. 10Paragraph 10
  325. 11Paragraph 11
  326. 12Paragraph 12
  327. 13Paragraph 13
  328. 14Paragraph 14
  329. 15Paragraph 15
  330. 16Paragraph 16
  331. 17Paragraph 17
  332. 18Paragraph 18
  333. 19Paragraph 19
  334. 20Paragraph 20
  335. 21Paragraph 21
  336. 22Paragraph 22
  337. Abolition of taper relief
  338. 23Paragraph 23
  339. 24Paragraph 24
  340. 25Paragraph 25
  341. 26Paragraph 26
  342. 27Paragraph 27
  343. 28Paragraph 28
  344. 29Paragraph 29
  345. 30Paragraph 30
  346. 31Paragraph 31
  347. 32Paragraph 32
  348. 33Paragraph 33
  349. 34Paragraph 34
  350. 35Paragraph 35
  351. 36Paragraph 36
  352. 37Paragraph 37 Repealed
  353. 38Paragraph 38
  354. 39Paragraph 39
  355. 40Paragraph 40
  356. 41Paragraph 41
  357. 42Paragraph 42
  358. 43Paragraph 43
  359. 44Paragraph 44
  360. 45Paragraph 45
  361. 46Paragraph 46
  362. 47Paragraph 47
  363. 48Paragraph 48
  364. 49Paragraph 49
  365. 50Paragraph 50
  366. 51Paragraph 51 Repealed
  367. 52Paragraph 52
  368. 53Paragraph 53
  369. 54Paragraph 54
  370. 55Paragraph 55
  371. 56Paragraph 56
  372. Abolition of “kink” test
  373. 57Paragraph 57
  374. 58Paragraph 58
  375. 59Paragraph 59
  376. 60Paragraph 60
  377. 61Paragraph 61
  378. 62Paragraph 62
  379. 63Paragraph 63
  380. 64Paragraph 64
  381. 65Paragraph 65
  382. 66Paragraph 66
  383. 67Paragraph 67
  384. 68Paragraph 68
  385. 69Paragraph 69
  386. 70Paragraph 70
  387. 71Paragraph 71
  388. Abolition of “halving relief”
  389. 72Paragraph 72
  390. 73Paragraph 73
  391. 74Paragraph 74
  392. 75Paragraph 75
  393. 76Paragraph 76
  394. Abolition of indexation allowance
  395. 77Paragraph 77
  396. 78Paragraph 78
  397. 79Paragraph 79
  398. 80Paragraph 80
  399. 81Paragraph 81
  400. 82Paragraph 82
  401. 83Paragraph 83
  402. Simplification of pooling etc
  403. 84Paragraph 84
  404. 85Paragraph 85
  405. 86Paragraph 86
  406. 87Paragraph 87
  407. 88Paragraph 88
  408. 89Paragraph 89
  409. 90Paragraph 90
  410. 91Paragraph 91
  411. 92Paragraph 92
  412. 93Paragraph 93
  413. 94Paragraph 94
  414. 95Paragraph 95
  415. 96Paragraph 96
  416. 97Paragraph 97
  417. 98Paragraph 98
  418. 99Paragraph 99
  419. 100Paragraph 100
  420. Meaning of “tax year”
  421. 101Paragraph 101
  422. 102Paragraph 102
  423. Schedule 3: Entrepreneurs' relief
  424. Introduction
  425. 1Paragraph 1
  426. Main provisions
  427. 2Paragraph 2
  428. Other amendments
  429. 3Paragraph 3 Repealed
  430. 4Paragraph 4
  431. Commencement
  432. 5Paragraph 5
  433. Transitionals: section 169P(4)(d)
  434. 6Paragraph 6
  435. Transitionals: reorganisations
  436. 7Paragraph 7
  437. Transitionals: EIS and VCT
  438. 8Paragraph 8
  439. Schedule 4: Inheritance tax: transfer of nil-rate band etc
  440. Amendments of IHTA 1984
  441. 1Paragraph 1
  442. 2Paragraph 2
  443. 3Paragraph 3
  444. 4Paragraph 4 Repealed
  445. 5Paragraph 5
  446. 6Paragraph 6
  447. 7Paragraph 7
  448. Amendment of TCGA 1992
  449. 8Paragraph 8
  450. Commencement
  451. 9Paragraph 9
  452. Modifications for cases where deceased person died before 25 July 1986
  453. 10Paragraph 10
  454. 11Paragraph 11
  455. Schedule 5: Fuel duty: biodiesel and bioblend
  456. 1Paragraph 1
  457. 2Paragraph 2
  458. 3Paragraph 3
  459. 4Paragraph 4
  460. 5Paragraph 5
  461. 6Paragraph 6
  462. 7Paragraph 7
  463. 8Paragraph 8
  464. 9Paragraph 9
  465. 10Paragraph 10
  466. 11Paragraph 11
  467. 12Paragraph 12
  468. 13Paragraph 13
  469. 14Paragraph 14
  470. 15Paragraph 15
  471. 16Paragraph 16
  472. 17Paragraph 17
  473. 18Paragraph 18
  474. 19Paragraph 19
  475. 20Paragraph 20
  476. 21Paragraph 21
  477. 22Paragraph 22
  478. 23Paragraph 23
  479. 24Paragraph 24
  480. 25Paragraph 25
  481. 26Paragraph 26
  482. Schedule 6: Aircraft and boat fuel, heating oil and fuel used for certain engines
  483. Part 1: Fuel used in aircraft and boats
  484. Aviation gasoline
  485. 1Paragraph 1
  486. 2Paragraph 2
  487. 3Paragraph 3
  488. 4Paragraph 4
  489. 5Paragraph 5
  490. 6Paragraph 6
  491. 7Paragraph 7
  492. 8Paragraph 8
  493. Kerosene used for aviation (avtur)
  494. 9Paragraph 9
  495. 10Paragraph 10
  496. 11Paragraph 11
  497. Fuel for private pleasure craft
  498. 12Paragraph 12
  499. 13Paragraph 13
  500. 14Paragraph 14
  501. 15Paragraph 15
  502. 16Paragraph 16
  503. Consequential amendments
  504. 17Paragraph 17
  505. 18Paragraph 18
  506. 19Paragraph 19
  507. 20Paragraph 20
  508. Commencement etc
  509. 21Paragraph 21
  510. 22Paragraph 22
  511. 23Paragraph 23
  512. Part 2: Heavy oil used for heating or as fuel for certain engines
  513. Amendments of HODA 1979
  514. 24Paragraph 24
  515. 25Paragraph 25
  516. 26Paragraph 26
  517. 27Paragraph 27
  518. 28Paragraph 28
  519. 29Paragraph 29
  520. 30Paragraph 30
  521. 31Paragraph 31
  522. 32Paragraph 32
  523. Amendments of FA 1994
  524. 33Paragraph 33
  525. 34Paragraph 34
  526. 35Paragraph 35
  527. 36Paragraph 36
  528. Commencement
  529. 37Paragraph 37
  530. Schedule 7: Remittance basis
  531. Part 1: Main provisions
  532. Remittance basis_general
  533. 1Paragraph 1
  534. Employment income
  535. 2Paragraph 2
  536. 3Paragraph 3
  537. 4Paragraph 4
  538. 5Paragraph 5
  539. 6Paragraph 6
  540. 7Paragraph 7
  541. 8Paragraph 8
  542. 9Paragraph 9
  543. 10Paragraph 10
  544. 11Paragraph 11
  545. 12Paragraph 12
  546. 13Paragraph 13
  547. 14Paragraph 14
  548. 15Paragraph 15
  549. 16Paragraph 16
  550. 17Paragraph 17
  551. 18Paragraph 18
  552. 19Paragraph 19
  553. 20Paragraph 20
  554. 21Paragraph 21
  555. 22Paragraph 22
  556. 23Paragraph 23
  557. 24Paragraph 24
  558. 25Paragraph 25
  559. 26Paragraph 26
  560. 27Paragraph 27
  561. 28Paragraph 28
  562. 29Paragraph 29
  563. 30Paragraph 30
  564. 31Paragraph 31
  565. 32Paragraph 32
  566. 33Paragraph 33
  567. 34Paragraph 34
  568. 35Paragraph 35
  569. 36Paragraph 36
  570. 37Paragraph 37
  571. 38Paragraph 38
  572. 39Paragraph 39
  573. 40Paragraph 40
  574. 41Paragraph 41
  575. 42Paragraph 42
  576. 43Paragraph 43
  577. 44Paragraph 44
  578. Relevant foreign income
  579. 45Paragraph 45
  580. 46Paragraph 46
  581. 47Paragraph 47
  582. 48Paragraph 48
  583. 49Paragraph 49
  584. 50Paragraph 50
  585. 51Paragraph 51
  586. 52Paragraph 52
  587. 53Paragraph 53
  588. 54Paragraph 54
  589. Chargeable gains
  590. 55Paragraph 55
  591. 56Paragraph 56
  592. 57Paragraph 57
  593. 58Paragraph 58
  594. 59Paragraph 59
  595. 60Paragraph 60
  596. 61Paragraph 61
  597. 62Paragraph 62
  598. 63Paragraph 63
  599. 64Paragraph 64
  600. Minor and consequential amendments
  601. 65Paragraph 65
  602. 66Paragraph 66
  603. 67Paragraph 67
  604. 68Paragraph 68
  605. 69Paragraph 69
  606. 70Paragraph 70
  607. 71Paragraph 71
  608. 72Paragraph 72
  609. 73Paragraph 73
  610. 74Paragraph 74
  611. 75Paragraph 75
  612. 76Paragraph 76
  613. 77Paragraph 77
  614. 78Paragraph 78
  615. 79Paragraph 79
  616. Commencement
  617. 80Paragraph 80
  618. 81Paragraph 81
  619. Transitional provision
  620. 82Paragraph 82
  621. 83Paragraph 83
  622. 84Paragraph 84
  623. 85Paragraph 85
  624. 86Paragraph 86
  625. 87Paragraph 87
  626. 88Paragraph 88
  627. 89Paragraph 89
  628. 90Paragraph 90
  629. 91Paragraph 91
  630. Part 2: Non-resident companies and trusts etc
  631. Offshore income gains
  632. 92Paragraph 92 Repealed
  633. 93Paragraph 93 Repealed
  634. 94Paragraph 94 Repealed
  635. 95Paragraph 95 Repealed
  636. 96Paragraph 96 Repealed
  637. 97Paragraph 97
  638. Offshore income gains: commencement etc
  639. 98Paragraph 98
  640. 99Paragraph 99
  641. 100Paragraph 100 Repealed
  642. 101Paragraph 101 Repealed
  643. 102Paragraph 102 Repealed
  644. Attribution of gains to members of non-resident companies
  645. 103Paragraph 103
  646. 104Paragraph 104
  647. 105Paragraph 105
  648. Attribution of gains to beneficiaries
  649. 106Paragraph 106
  650. 107Paragraph 107
  651. 108Paragraph 108
  652. 109Paragraph 109
  653. 110Paragraph 110
  654. 111Paragraph 111
  655. 112Paragraph 112
  656. 113Paragraph 113
  657. 114Paragraph 114
  658. Attribution of gains to beneficiaries: commencement etc
  659. 115Paragraph 115
  660. 116Paragraph 116
  661. 117Paragraph 117
  662. 118Paragraph 118
  663. 119Paragraph 119
  664. 120Paragraph 120
  665. 121Paragraph 121
  666. 122Paragraph 122
  667. 123Paragraph 123
  668. 124Paragraph 124
  669. 125Paragraph 125
  670. 126Paragraph 126
  671. 127Paragraph 127
  672. Attribution of gains to beneficiaries: cases involving transfers of value
  673. 128Paragraph 128
  674. 129Paragraph 129
  675. 130Paragraph 130
  676. 131Paragraph 131
  677. 132Paragraph 132
  678. 133Paragraph 133
  679. 134Paragraph 134
  680. 135Paragraph 135
  681. 136Paragraph 136
  682. 137Paragraph 137
  683. 138Paragraph 138
  684. 139Paragraph 139
  685. 140Paragraph 140
  686. 141Paragraph 141
  687. 142Paragraph 142
  688. 143Paragraph 143
  689. 144Paragraph 144
  690. 145Paragraph 145
  691. 146Paragraph 146
  692. Attribution of gains to beneficiaries in cases involving transfers of value: commencement etc
  693. 147Paragraph 147
  694. 148Paragraph 148
  695. 149Paragraph 149
  696. 150Paragraph 150
  697. 151Paragraph 151
  698. Attribution of gains to beneficiaries: existing Schedule 4C pools
  699. 152Paragraph 152
  700. 153Paragraph 153
  701. 154Paragraph 154
  702. 155Paragraph 155
  703. Transfers of securities: accrued income profits
  704. 156Paragraph 156
  705. 157Paragraph 157
  706. 158Paragraph 158
  707. 159Paragraph 159
  708. 160Paragraph 160
  709. Transfers of assets abroad
  710. 161Paragraph 161 Repealed
  711. 162Paragraph 162
  712. 163Paragraph 163
  713. 164Paragraph 164
  714. 165Paragraph 165
  715. 166Paragraph 166
  716. 167Paragraph 167
  717. 168Paragraph 168
  718. 169Paragraph 169
  719. 170Paragraph 170
  720. General
  721. 171Paragraph 171
  722. 172Paragraph 172
  723. Schedule 8: Rates of research and development relief and vaccine research relief Repealed
  724. Rates of research and development relief: SMEs Repealed
  725. 1Paragraph 1 Repealed
  726. Rates of research and development tax relief: large companies Repealed
  727. 2Paragraph 2 Repealed
  728. Rates of vaccine research relief Repealed
  729. 3Paragraph 3 Repealed
  730. Schedule 9: Companies in difficulty: SME R&D relief and vaccine research relief Repealed
  731. Research and development relief Repealed
  732. 1Paragraph 1 Repealed
  733. Vaccine research relief Repealed
  734. 2Paragraph 2 Repealed
  735. Commencement Repealed
  736. 3Paragraph 3 Repealed
  737. Schedule 10: Cap on R&D aid Repealed
  738. Part 1: Calculation of total R&D aid Repealed
  739. Calculation of total R&D aid Repealed
  740. 1Paragraph 1 Repealed
  741. 2Paragraph 2 Repealed
  742. 3Paragraph 3 Repealed
  743. 4Paragraph 4 Repealed
  744. 5Paragraph 5 Repealed
  745. Interpretation Repealed
  746. 6Paragraph 6 Repealed
  747. Transitional provision Repealed
  748. 7Paragraph 7 Repealed
  749. Part 2: Consequential amendments Repealed
  750. 8Paragraph 8 Repealed
  751. 9Paragraph 9 Repealed
  752. 10Paragraph 10 Repealed
  753. Schedule 11: Venture capital schemes
  754. Corporate Venturing Scheme
  755. 1Paragraph 1
  756. 2Paragraph 2
  757. 3Paragraph 3
  758. Enterprise Investment Scheme
  759. 4Paragraph 4
  760. 5Paragraph 5
  761. 6Paragraph 6
  762. Venture capital trusts
  763. 7Paragraph 7
  764. 8Paragraph 8
  765. 9Paragraph 9
  766. Commencement
  767. 10Paragraph 10
  768. 11Paragraph 11
  769. 12Paragraph 12
  770. 13Paragraph 13
  771. Schedule 12: Tax credit for certain foreign distributions
  772. Part 1: The tax credit
  773. 1Paragraph 1
  774. 2Paragraph 2
  775. 3Paragraph 3 Repealed
  776. 4Paragraph 4
  777. 5Paragraph 5 Repealed
  778. 6Paragraph 6 Repealed
  779. Part 2: Consequential provision
  780. TMA 1970
  781. 7Paragraph 7
  782. 8Paragraph 8 Repealed
  783. 9Paragraph 9 Repealed
  784. 10Paragraph 10 Repealed
  785. 11Paragraph 11 Repealed
  786. 12Paragraph 12 Repealed
  787. 13Paragraph 13 Repealed
  788. 14Paragraph 14 Repealed
  789. ICTA
  790. 15Paragraph 15 Repealed
  791. FA 1993
  792. 16Paragraph 16 Repealed
  793. ITTOIA 2005
  794. 17Paragraph 17
  795. 18Paragraph 18
  796. 19Paragraph 19 Repealed
  797. 20Paragraph 20 Repealed
  798. 21Paragraph 21
  799. 22Paragraph 22
  800. ITA 2007
  801. 23Paragraph 23
  802. 24Paragraph 24
  803. 25Paragraph 25 Repealed
  804. 26Paragraph 26 Repealed
  805. 27Paragraph 27
  806. 28Paragraph 28
  807. 29Paragraph 29
  808. 30Paragraph 30 Repealed
  809. 31Paragraph 31 Repealed
  810. Schedule 13: Company gains from investment life insurance contracts Repealed
  811. Definitions Repealed
  812. 1Paragraph 1 Repealed
  813. Contract to be loan relationship Repealed
  814. 2Paragraph 2 Repealed
  815. Increased non-trading credits Repealed
  816. 3Paragraph 3 Repealed
  817. 4Paragraph 4 Repealed
  818. Commencement Repealed
  819. 5Paragraph 5 Repealed
  820. 6Paragraph 6 Repealed
  821. 7Paragraph 7 Repealed
  822. 8Paragraph 8 Repealed
  823. Schedule 14: Company gains from investment life insurance contracts: consequential amendments etc
  824. ICTA
  825. 1Paragraph 1
  826. 2Paragraph 2 Repealed
  827. 3Paragraph 3
  828. 4Paragraph 4
  829. 5Paragraph 5
  830. 6Paragraph 6
  831. 7Paragraph 7
  832. 8Paragraph 8
  833. 9Paragraph 9
  834. ITTOIA 2005
  835. 10Paragraph 10
  836. 11Paragraph 11
  837. 12Paragraph 12
  838. 13Paragraph 13
  839. 14Paragraph 14
  840. 15Paragraph 15
  841. 16Paragraph 16
  842. Other repeals
  843. 17Paragraph 17
  844. Commencement
  845. 18Paragraph 18
  846. Schedule 15: Changes in trading stock
  847. Part 1: Income tax
  848. 1Paragraph 1
  849. 2Paragraph 2
  850. 3Paragraph 3
  851. 4Paragraph 4
  852. Part 2: Corporation tax Repealed
  853. Introduction Repealed
  854. 5Paragraph 5 Repealed
  855. Transfers of trading stock between trade and trader Repealed
  856. 6Paragraph 6 Repealed
  857. 7Paragraph 7 Repealed
  858. Other disposals not made in the course of trade Repealed
  859. 8Paragraph 8 Repealed
  860. 9Paragraph 9 Repealed
  861. Relationship with transfer pricing rules Repealed
  862. 10Paragraph 10 Repealed
  863. Schedule 16: Non-residents: investment managers
  864. Part 1: Eligibility to be UK representative
  865. 1Paragraph 1 Repealed
  866. 2Paragraph 2 Repealed
  867. Part 2: Eligibility to be agent of independent status
  868. FA 2003
  869. 3Paragraph 3 Repealed
  870. ITA 2007
  871. 4Paragraph 4
  872. 5Paragraph 5
  873. 6Paragraph 6
  874. Part 3: Non-residents liable to tax: disregarded investment income or profits
  875. FA 2003
  876. 7Paragraph 7 Repealed
  877. 8Paragraph 8 Repealed
  878. 9Paragraph 9 Repealed
  879. ITA 2007
  880. 10Paragraph 10
  881. Part 4: Commencement
  882. 11Paragraph 11
  883. Schedule 17: Insurance companies etc
  884. Financing-arrangement-funded transfers
  885. 1Paragraph 1 Repealed
  886. 2Paragraph 2 Repealed
  887. 3Paragraph 3
  888. 4Paragraph 4 Repealed
  889. Expenses: fronting reinsurance commissions etc
  890. 5Paragraph 5 Repealed
  891. 6Paragraph 6 Repealed
  892. Structural assets
  893. 7Paragraph 7
  894. 8Paragraph 8 Repealed
  895. Deposit back arrangements
  896. 9Paragraph 9
  897. Foreign business assets
  898. 10Paragraph 10 Repealed
  899. Foreign currency assets
  900. 11Paragraph 11 Repealed
  901. Derivative contracts
  902. 12Paragraph 12 Repealed
  903. Apportionments
  904. 13Paragraph 13
  905. 14Paragraph 14
  906. 15Paragraph 15
  907. UK distributions received by insurance companies
  908. 16Paragraph 16
  909. Clarification of scope of ICTA s.432A
  910. 17Paragraph 17 Repealed
  911. “BLAGAB profits” etc
  912. 18Paragraph 18 Repealed
  913. Abolition of “inherited estates” apportionment rules
  914. 19Paragraph 19
  915. Insurance special purpose vehicles
  916. 20Paragraph 20 Repealed
  917. Group relief: gross profits to exclude relevant profits
  918. 21Paragraph 21 Repealed
  919. Charges on income
  920. 22Paragraph 22 Repealed
  921. Remediation of contaminated land
  922. 23Paragraph 23 Repealed
  923. Repeal of ICTA s.56(4)
  924. 24Paragraph 24
  925. Partnership returns
  926. 25Paragraph 25
  927. Overseas life assurance business
  928. 26Paragraph 26 Repealed
  929. 27Paragraph 27
  930. Trades in I minus E
  931. 28Paragraph 28
  932. Controlled foreign companies
  933. 29Paragraph 29 Repealed
  934. Offshore income gains
  935. 30Paragraph 30 Repealed
  936. Transfers of business
  937. 31Paragraph 31 Repealed
  938. 32Paragraph 32 Repealed
  939. 33Paragraph 33 Repealed
  940. Periodical return
  941. 34Paragraph 34 Repealed
  942. Repeal of section 737D of ICTA
  943. 35Paragraph 35
  944. R&D relief
  945. 36Paragraph 36 Repealed
  946. Section 89(7) of FA 1989
  947. 37Paragraph 37 Repealed
  948. Commencement of Schedule 9 to FA 2007
  949. 38Paragraph 38
  950. Commencement of Business Transfer Schemes Order
  951. 39Paragraph 39
  952. Gross roll-up business
  953. 40Paragraph 40
  954. Repeal of spent provision
  955. 41Paragraph 41
  956. Schedule 18: Friendly societies Repealed
  957. Introduction Repealed
  958. 1Paragraph 1 Repealed
  959. PHI business Repealed
  960. 2Paragraph 2 Repealed
  961. Transfers of exempt “other” business Repealed
  962. 3Paragraph 3 Repealed
  963. Extension of section 463 Repealed
  964. 4Paragraph 4 Repealed
  965. Repeal of obsolete provisions Repealed
  966. 5Paragraph 5 Repealed
  967. Schedule 19: Reduction of basic rate of income tax: transitional relief for gift aid charities
  968. Payment of gift aid supplement
  969. 1Paragraph 1
  970. Amount of gift aid supplement
  971. 2Paragraph 2
  972. The “notional basic rate”
  973. 3Paragraph 3
  974. Errors in connection with payment of gift aid supplement
  975. 4Paragraph 4
  976. General
  977. 5Paragraph 5
  978. 6Paragraph 6
  979. 7Paragraph 7
  980. Amendments
  981. 8Paragraph 8 Repealed
  982. 9Paragraph 9
  983. Schedule 20: Leases of plant or machinery
  984. Capital received in respect of lease to be treated as income
  985. 1Paragraph 1 Repealed
  986. 2Paragraph 2
  987. 3Paragraph 3
  988. Disposal events: grant of long funding lease
  989. 4Paragraph 4 Repealed
  990. Deemed disposals: plant or machinery used under long funding lease
  991. 5Paragraph 5 Repealed
  992. Plant or machinery subject to a sale and finance leaseback or lease and finance leaseback
  993. 6Paragraph 6
  994. 7Paragraph 7
  995. Restriction on lessee's right to elect that rules for non-long funding leases apply
  996. 8Paragraph 8
  997. Lessors under long funding leases of plant or machinery
  998. 9Paragraph 9 Repealed
  999. 10Paragraph 10
  1000. 11Paragraph 11
  1001. Plant and machinery allowances: anti-avoidance
  1002. 12Paragraph 12
  1003. 13Paragraph 13
  1004. Schedule 21: Restriction on loss relief for non-active traders
  1005. Introduction
  1006. 1Paragraph 1
  1007. Main provisions
  1008. 2Paragraph 2
  1009. Other amendments
  1010. 3Paragraph 3
  1011. 4Paragraph 4
  1012. 5Paragraph 5
  1013. Commencement
  1014. 6Paragraph 6
  1015. 7Paragraph 7
  1016. Schedule 22: Avoidance involving financial arrangements
  1017. Rent factoring of leases of plant or machinery
  1018. 1Paragraph 1
  1019. Credit allowable in relation to interest
  1020. 2Paragraph 2
  1021. Distributions arising from tax arrangements
  1022. 3Paragraph 3 Repealed
  1023. Disposals for consideration not recognised by accounting practice
  1024. 4Paragraph 4 Repealed
  1025. Avoidance relying on continuity of treatment provisions
  1026. 5Paragraph 5 Repealed
  1027. Distributions from shares treated as loan relationships
  1028. 6Paragraph 6 Repealed
  1029. Depreciatory transactions
  1030. 7Paragraph 7 Repealed
  1031. 8Paragraph 8 Repealed
  1032. 9Paragraph 9 Repealed
  1033. Falsifying transactions
  1034. 10Paragraph 10 Repealed
  1035. 11Paragraph 11 Repealed
  1036. 12Paragraph 12 Repealed
  1037. Non-qualifying shares
  1038. 13Paragraph 13 Repealed
  1039. Income producing assets
  1040. 14Paragraph 14 Repealed
  1041. Exit arrangements
  1042. 15Paragraph 15 Repealed
  1043. Schemes etc designed to reproduce interest-like return
  1044. 16Paragraph 16 Repealed
  1045. Partnerships
  1046. 17Paragraph 17
  1047. Loan relationships treated differently by debtor and creditor
  1048. 18Paragraph 18 Repealed
  1049. Commercial rate of interest
  1050. 19Paragraph 19 Repealed
  1051. Derivative contracts
  1052. 20Paragraph 20 Repealed
  1053. Restrictions on relief for interest payments
  1054. 21Paragraph 21
  1055. Schedule 23: Manufactured payments: anti-avoidance
  1056. Introduction
  1057. 1Paragraph 1 Repealed
  1058. Section 572A
  1059. 2Paragraph 2 Repealed
  1060. Section 573
  1061. 3Paragraph 3 Repealed
  1062. Section 574
  1063. 4Paragraph 4 Repealed
  1064. Section 575
  1065. 5Paragraph 5
  1066. Section 578
  1067. 6Paragraph 6 Repealed
  1068. Section 579
  1069. 7Paragraph 7 Repealed
  1070. Section 580
  1071. 8Paragraph 8
  1072. Section 581A
  1073. 9Paragraph 9 Repealed
  1074. Section 583
  1075. 10Paragraph 10 Repealed
  1076. Capital gains
  1077. 11Paragraph 11 Repealed
  1078. 12Paragraph 12
  1079. Schedule 24: Annual investment allowance
  1080. Part 1: Amendments of CAA 2001
  1081. 1Paragraph 1
  1082. 2Paragraph 2
  1083. 3Paragraph 3
  1084. 4Paragraph 4
  1085. 5Paragraph 5
  1086. 6Paragraph 6
  1087. 7Paragraph 7
  1088. 8Paragraph 8
  1089. 9Paragraph 9
  1090. 10Paragraph 10
  1091. 11Paragraph 11
  1092. 12Paragraph 12
  1093. 13Paragraph 13
  1094. 14Paragraph 14
  1095. 15Paragraph 15
  1096. Part 2: Amendments of other enactments
  1097. ICTA
  1098. 16Paragraph 16
  1099. 17Paragraph 17
  1100. 18Paragraph 18
  1101. FA 2000
  1102. 19Paragraph 19
  1103. ITA 2007
  1104. 20Paragraph 20
  1105. 21Paragraph 21
  1106. 22Paragraph 22
  1107. Part 3: Commencement
  1108. 23Paragraph 23
  1109. Schedule 25: First-year tax credits Repealed
  1110. Part 1: Amendments of CAA 2001 Repealed
  1111. 1Paragraph 1 Repealed
  1112. 2Paragraph 2 Repealed
  1113. 3Paragraph 3 Repealed
  1114. 4Paragraph 4 Repealed
  1115. 5Paragraph 5 Repealed
  1116. 6Paragraph 6 Repealed
  1117. Part 2: Amendments of other enactments Repealed
  1118. ICTA Repealed
  1119. 7Paragraph 7 Repealed
  1120. FA 1998 Repealed
  1121. 8Paragraph 8 Repealed
  1122. Part 3: Commencement Repealed
  1123. 9Paragraph 9 Repealed
  1124. Schedule 26: Special rate expenditure and the special rate pool
  1125. Part 1: Amendments of CAA 2001
  1126. Introductory
  1127. 1Paragraph 1
  1128. Special rate expenditure and the special rate pool
  1129. 2Paragraph 2
  1130. Consequential amendments
  1131. 3Paragraph 3
  1132. 4Paragraph 4
  1133. 5Paragraph 5
  1134. 6Paragraph 6
  1135. 7Paragraph 7
  1136. 8Paragraph 8
  1137. 9Paragraph 9
  1138. 10Paragraph 10
  1139. 11Paragraph 11
  1140. 12Paragraph 12
  1141. 13Paragraph 13
  1142. Part 2: Commencement etc
  1143. Commencement
  1144. 14Paragraph 14
  1145. Sale between connected persons
  1146. 15Paragraph 15
  1147. Saving for intra-group transfers
  1148. 16Paragraph 16
  1149. 17Paragraph 17
  1150. Interpretation
  1151. 18Paragraph 18
  1152. Schedule 27: Abolition of allowances: consequential amendments and savings
  1153. Part 1: Consequential amendments
  1154. CAA 2001
  1155. 1Paragraph 1
  1156. 2Paragraph 2
  1157. 3Paragraph 3
  1158. 4Paragraph 4
  1159. 5Paragraph 5
  1160. 6Paragraph 6
  1161. 7Paragraph 7
  1162. 8Paragraph 8
  1163. 9Paragraph 9
  1164. 10Paragraph 10
  1165. 11Paragraph 11
  1166. 12Paragraph 12
  1167. 13Paragraph 13
  1168. 14Paragraph 14
  1169. 15Paragraph 15
  1170. 16Paragraph 16
  1171. 17Paragraph 17
  1172. 18Paragraph 18
  1173. 19Paragraph 19
  1174. 20Paragraph 20
  1175. ICTA
  1176. 21Paragraph 21 Repealed
  1177. FA 2000
  1178. 22Paragraph 22
  1179. FA 2001
  1180. 23Paragraph 23
  1181. Proceeds of Crime Act 2002 (c. 29)
  1182. 24Paragraph 24
  1183. Energy Act 2004 (c. 20)
  1184. 25Paragraph 25
  1185. ITTOIA 2005
  1186. 26Paragraph 26
  1187. ITA 2007
  1188. 27Paragraph 27
  1189. FA 2007
  1190. 28Paragraph 28
  1191. FA 2008
  1192. 29Paragraph 29
  1193. Commencement
  1194. 30Paragraph 30
  1195. Part 2: Savings
  1196. Enterprise zone expenditure
  1197. 31Paragraph 31
  1198. 32Paragraph 32
  1199. Definition of structure
  1200. 33Paragraph 33
  1201. Definition of qualifying trade
  1202. 34Paragraph 34
  1203. Commencement
  1204. 35Paragraph 35
  1205. Schedule 28: Inheritance of tax-relieved pension savings
  1206. Amendments of Part 4 of FA 2004
  1207. 1Paragraph 1
  1208. 2Paragraph 2
  1209. 3Paragraph 3
  1210. 4Paragraph 4
  1211. 5Paragraph 5
  1212. Amendments of IHTA 1984
  1213. 6Paragraph 6 Repealed
  1214. 7Paragraph 7 Repealed
  1215. 8Paragraph 8 Repealed
  1216. 9Paragraph 9 Repealed
  1217. 10Paragraph 10 Repealed
  1218. 11Paragraph 11 Repealed
  1219. 12Paragraph 12 Repealed
  1220. 13Paragraph 13 Repealed
  1221. 14Paragraph 14 Repealed
  1222. Commencement
  1223. 15Paragraph 15
  1224. Schedule 29: Further provision about pension schemes
  1225. Authorised member payments
  1226. 1Paragraph 1
  1227. Transfer of lifetime annuities and dependants' annuities
  1228. 2Paragraph 2 Repealed
  1229. Definition of investment-regulated pension schemes
  1230. 3Paragraph 3
  1231. Benefit crystallisation event 3
  1232. 4Paragraph 4
  1233. 5Paragraph 5
  1234. 6Paragraph 6
  1235. 7Paragraph 7
  1236. 8Paragraph 8
  1237. 9Paragraph 9
  1238. 10Paragraph 10
  1239. 11Paragraph 11
  1240. 12Paragraph 12
  1241. Transitional protection of lump sums
  1242. 13Paragraph 13
  1243. Miscellaneous provision about registered pension schemes
  1244. 14Paragraph 14
  1245. 15Paragraph 15
  1246. 16Paragraph 16 Repealed
  1247. Employer contributions under exempt approved schemes
  1248. 17Paragraph 17
  1249. Inheritance tax treatment of non-UK pension schemes
  1250. 18Paragraph 18
  1251. Application of charges to non-UK pension schemes
  1252. 19Paragraph 19
  1253. Schedule 30: Stamp duty land tax: notification etc: consequential provision
  1254. FA 2003
  1255. 1Paragraph 1
  1256. 2Paragraph 2
  1257. 3Paragraph 3
  1258. 4Paragraph 4
  1259. 5Paragraph 5
  1260. 6Paragraph 6 Repealed
  1261. 7Paragraph 7
  1262. 8Paragraph 8
  1263. 9Paragraph 9
  1264. 10Paragraph 10
  1265. 11Paragraph 11
  1266. 12Paragraph 12
  1267. 13Paragraph 13
  1268. 14Paragraph 14
  1269. FA 2007
  1270. 15Paragraph 15
  1271. Schedule 31: Stamp duty land tax: special provisions for property-investment partnerships
  1272. Part 1: Transfer of interest in partnership: “relevant partnership property”
  1273. Paragraph 14 of Schedule 15 to FA 2003
  1274. 1Paragraph 1
  1275. Consequential provision
  1276. 2Paragraph 2
  1277. 3Paragraph 3
  1278. 4Paragraph 4 Repealed
  1279. Part 2: Elections in respect of interest transferred to partnership
  1280. Election when interest transferred to partnership
  1281. 5Paragraph 5
  1282. 6Paragraph 6
  1283. 7Paragraph 7
  1284. Consequential provision
  1285. 8Paragraph 8
  1286. 9Paragraph 9 Repealed
  1287. Part 3: Transitional provision
  1288. 10Paragraph 10
  1289. 11Paragraph 11
  1290. Schedule 32: Stamp duty: abolition of fixed duty on certain instruments
  1291. Part 1: Abolition of fixed duty
  1292. FA 1985
  1293. 1Paragraph 1
  1294. 2Paragraph 2
  1295. 3Paragraph 3
  1296. FA 1986
  1297. 4Paragraph 4
  1298. 5Paragraph 5
  1299. 6Paragraph 6
  1300. 7Paragraph 7
  1301. 8Paragraph 8
  1302. FA 1999
  1303. 9Paragraph 9
  1304. 10Paragraph 10
  1305. 11Paragraph 11
  1306. Part 2: Consequential provisions and saving
  1307. FA 1982
  1308. 12Paragraph 12
  1309. FA 1986
  1310. 13Paragraph 13
  1311. 14Paragraph 14
  1312. 15Paragraph 15
  1313. FA 1987
  1314. 16Paragraph 16
  1315. 17Paragraph 17
  1316. 18Paragraph 18
  1317. FA 1990
  1318. 19Paragraph 19
  1319. FA 1999
  1320. 20Paragraph 20
  1321. FA 2003
  1322. 21Paragraph 21
  1323. Saving for certain land transactions
  1324. 22Paragraph 22
  1325. Repeals on abolition day
  1326. 23Paragraph 23
  1327. Schedule 33: PRT: elections for oil fields to become non-taxable
  1328. Part 1: New Schedule 20A to FA 1993
  1329. 1Paragraph 1
  1330. Part 2: Other amendments
  1331. OTA 1975
  1332. 2Paragraph 2
  1333. FA 1980
  1334. 3Paragraph 3
  1335. Oil Taxation Act 1983
  1336. 4Paragraph 4
  1337. Schedule 34: Oil decommissioning expenditure: consequential amendments
  1338. ICTA
  1339. 1Paragraph 1
  1340. CAA 2001
  1341. 2Paragraph 2
  1342. 3Paragraph 3
  1343. 4Paragraph 4
  1344. 5Paragraph 5
  1345. 6Paragraph 6
  1346. Schedule 35: Set off against oil profits: minor and consequential amendments
  1347. TMA 1970
  1348. 1Paragraph 1 Repealed
  1349. ICTA
  1350. 2Paragraph 2
  1351. 3Paragraph 3 Repealed
  1352. 4Paragraph 4 Repealed
  1353. 5Paragraph 5 Repealed
  1354. 6Paragraph 6 Repealed
  1355. 7Paragraph 7
  1356. 8Paragraph 8
  1357. 9Paragraph 9 Repealed
  1358. FA 2000
  1359. 10Paragraph 10 Repealed
  1360. Schedule 36: Information and inspection powers
  1361. Part 1: Powers to obtain information and documents
  1362. Power to obtain information and documents from taxpayer
  1363. 1Paragraph 1
  1364. Power to obtain information and documents from third party
  1365. 2Paragraph 2
  1366. Approval etc of taxpayer notices and third party notices
  1367. 3Paragraph 3
  1368. Copying third party notice to taxpayer
  1369. 4Paragraph 4
  1370. Power to obtain information and documents from financial institutions
  1371. 4AParagraph 4A
  1372. Power to obtain information and documents about persons whose identity is not known
  1373. 5Paragraph 5
  1374. Power to obtain information about persons whose identity can be ascertained
  1375. 5AParagraph 5A
  1376. Notices
  1377. 6Paragraph 6
  1378. Complying with notices
  1379. 7Paragraph 7
  1380. Producing copies of documents
  1381. 8Paragraph 8
  1382. Restrictions and special cases
  1383. 9Paragraph 9
  1384. Part 2: Powers to inspect PREMISES AND OTHER PROPERTY
  1385. Power to inspect business premises etc
  1386. 10Paragraph 10
  1387. Power to inspect business premises etc of involved third parties
  1388. 10AParagraph 10A
  1389. Power to inspect premises used in connection with taxable supplies etc
  1390. 11Paragraph 11
  1391. Carrying out inspections under paragraph 10, 10A or 11
  1392. 12Paragraph 12
  1393. Powers to inspect property for valuation etc
  1394. 12AParagraph 12A
  1395. Carrying out inspections under paragraph 12A
  1396. 12BParagraph 12B
  1397. Approval of tribunal
  1398. 13Paragraph 13
  1399. Restrictions and special cases
  1400. 14Paragraph 14
  1401. Part 3: Further powers
  1402. Power to copy documents
  1403. 15Paragraph 15
  1404. Power to remove documents
  1405. 16Paragraph 16
  1406. Power to mark assets and to record information
  1407. 17Paragraph 17
  1408. Part 4: Restrictions on powers
  1409. Documents not in person's possession or power
  1410. 18Paragraph 18
  1411. Types of information
  1412. 19Paragraph 19
  1413. Old documents
  1414. 20Paragraph 20
  1415. Taxpayer notices following tax return
  1416. 21Paragraph 21
  1417. Application of paragraph 21 in case of returns under Schedule 2 to FA 2019
  1418. 21ZAParagraph 21ZA
  1419. Taxpayer notices following land transaction return
  1420. 21AParagraph 21A
  1421. Annual tax on enveloped dwellings: taxpayer notices following return
  1422. 21BParagraph 21B
  1423. Deceased persons
  1424. 22Paragraph 22
  1425. Privileged communications between professional legal advisers and clients
  1426. 23Paragraph 23
  1427. Auditors
  1428. 24Paragraph 24
  1429. Tax advisers
  1430. 25Paragraph 25
  1431. Auditors and tax advisers: supplementary
  1432. 26Paragraph 26
  1433. 27Paragraph 27
  1434. Corresponding restrictions on inspection of ... documents
  1435. 28Paragraph 28
  1436. Part 5: Appeals against information notices
  1437. Right to appeal against taxpayer notice
  1438. 29Paragraph 29
  1439. Right to appeal against third party notice
  1440. 30Paragraph 30
  1441. Right to appeal against notice given under paragraph 5 or 5A
  1442. 31Paragraph 31
  1443. Procedure
  1444. 32Paragraph 32
  1445. Special cases
  1446. 33Paragraph 33
  1447. Part 6: Special cases
  1448. Supply of goods or services etc
  1449. 34Paragraph 34
  1450. Involved third parties
  1451. 34AParagraph 34A Repealed
  1452. Registered pension schemes etc
  1453. 34BParagraph 34B
  1454. Registered pension schemes etc: interpretation
  1455. 34CParagraph 34C
  1456. Groups of undertakings
  1457. 35Paragraph 35
  1458. Change of ownership of companies
  1459. 36Paragraph 36
  1460. Partnerships
  1461. 37Paragraph 37
  1462. Information in connection with herd basis election
  1463. 37AParagraph 37A
  1464. Information from persons liable to counteraction of tax advantage
  1465. 37BParagraph 37B
  1466. Specified relevant transfer pricing documents
  1467. 37CParagraph 37C
  1468. Application to the Crown
  1469. 38Paragraph 38
  1470. Part 7: Penalties
  1471. ... penalties for failure to comply or obstruction
  1472. 39Paragraph 39
  1473. Daily default penalties
  1474. 40Paragraph 40
  1475. Penalties for inaccurate information and documents
  1476. 40AParagraph 40A
  1477. Power to change amount of ... penalties
  1478. 41Paragraph 41
  1479. Concealing, destroying etc documents following information notice
  1480. 42Paragraph 42
  1481. Concealing, destroying etc documents following informal notification
  1482. 43Paragraph 43
  1483. Failure to comply with time limit
  1484. 44Paragraph 44
  1485. Reasonable excuse
  1486. 45Paragraph 45
  1487. Assessment of ... penalty
  1488. 46Paragraph 46
  1489. Right to appeal against ... penalty
  1490. 47Paragraph 47
  1491. Procedure on appeal against ... penalty
  1492. 48Paragraph 48
  1493. Enforcement of ... penalty
  1494. 49Paragraph 49
  1495. Increased daily default penalty
  1496. 49AParagraph 49A
  1497. 49BParagraph 49B
  1498. 49CParagraph 49C Repealed
  1499. Tax-related penalty
  1500. 50Paragraph 50
  1501. Enforcement of tax-related penalty
  1502. 51Paragraph 51
  1503. Disclosure of third party or financial institution notice
  1504. 51AParagraph 51A
  1505. 51BParagraph 51B
  1506. 51CParagraph 51C
  1507. Double jeopardy
  1508. 52Paragraph 52
  1509. Part 8: Offence
  1510. Concealing etc documents following information notice
  1511. 53Paragraph 53
  1512. Concealing etc documents following informal notification
  1513. 54Paragraph 54
  1514. Fine or imprisonment
  1515. 55Paragraph 55
  1516. Part 9: Miscellaneous provisions and interpretation
  1517. Application of provisions of TMA 1970
  1518. 56Paragraph 56
  1519. Regulations under this Schedule
  1520. 57Paragraph 57
  1521. General interpretation
  1522. 58Paragraph 58
  1523. Authorised officer of Revenue and Customs
  1524. 59Paragraph 59
  1525. Business
  1526. 60Paragraph 60
  1527. Chargeable period
  1528. 61Paragraph 61
  1529. Financial institution
  1530. 61ZAParagraph 61ZA
  1531. Involved third parties
  1532. 61AParagraph 61A
  1533. Statutory records
  1534. 62Paragraph 62
  1535. Tax
  1536. 63Paragraph 63
  1537. Tax debts: collection
  1538. 63AParagraph 63A
  1539. Tax debts: extended meaning of “relevant foreign tax”
  1540. 63BParagraph 63B
  1541. Tax position
  1542. 64Paragraph 64
  1543. Part 10: Consequential provisions
  1544. TMA 1970
  1545. 65Paragraph 65
  1546. 66Paragraph 66
  1547. 67Paragraph 67
  1548. 68Paragraph 68
  1549. 69Paragraph 69
  1550. 70Paragraph 70
  1551. 71Paragraph 71
  1552. 72Paragraph 72
  1553. 73Paragraph 73
  1554. 74Paragraph 74 Repealed
  1555. 75Paragraph 75
  1556. 76Paragraph 76
  1557. 77Paragraph 77
  1558. National Savings Bank Act 1971 (c. 29)
  1559. 78Paragraph 78
  1560. ICTA
  1561. 79Paragraph 79
  1562. 80Paragraph 80 Repealed
  1563. 81Paragraph 81
  1564. 82Paragraph 82 Repealed
  1565. FA 1990
  1566. 83Paragraph 83
  1567. Social Security Administration Act 1992 (c. 5)
  1568. 84Paragraph 84
  1569. Social Security Administration (Northern Ireland) Act 1992 (c. 8)
  1570. 85Paragraph 85
  1571. F(No.2)A 1992
  1572. 86Paragraph 86
  1573. VATA 1994
  1574. 87Paragraph 87
  1575. FA 1998
  1576. 88Paragraph 88
  1577. FA 1999
  1578. 89Paragraph 89
  1579. Tax Credits Act 2002 (c. 21)
  1580. 90Paragraph 90
  1581. FA 2006
  1582. 91Paragraph 91
  1583. Other repeals
  1584. 92Paragraph 92
  1585. Schedule 37: Record-keeping
  1586. TMA 1970
  1587. 1Paragraph 1
  1588. 2Paragraph 2
  1589. 3Paragraph 3
  1590. VATA 1994
  1591. 4Paragraph 4
  1592. 5Paragraph 5
  1593. 6Paragraph 6
  1594. FA 1998
  1595. 7Paragraph 7
  1596. 8Paragraph 8
  1597. 9Paragraph 9
  1598. Consequential provisions
  1599. 10Paragraph 10
  1600. 11Paragraph 11
  1601. Schedule 38: Disclosure of tax avoidance schemes
  1602. Amendments of Part 7 of FA 2004
  1603. 1Paragraph 1
  1604. 2Paragraph 2
  1605. 3Paragraph 3
  1606. 4Paragraph 4
  1607. 5Paragraph 5
  1608. 6Paragraph 6
  1609. Amendments of TMA 1970
  1610. 7Paragraph 7
  1611. Schedule 39: Time limits for assessments, claims etc.
  1612. TMA 1970
  1613. 1Paragraph 1
  1614. 2Paragraph 2
  1615. 3Paragraph 3
  1616. 4Paragraph 4
  1617. 5Paragraph 5
  1618. 6Paragraph 6
  1619. 7Paragraph 7
  1620. 8Paragraph 8
  1621. 9Paragraph 9
  1622. 10Paragraph 10
  1623. 11Paragraph 11
  1624. 12Paragraph 12
  1625. 13Paragraph 13
  1626. 14Paragraph 14
  1627. 15Paragraph 15
  1628. ICTA
  1629. 16Paragraph 16
  1630. 17Paragraph 17 Repealed
  1631. 18Paragraph 18 Repealed
  1632. 19Paragraph 19 Repealed
  1633. 20Paragraph 20 Repealed
  1634. 21Paragraph 21 Repealed
  1635. 22Paragraph 22 Repealed
  1636. 23Paragraph 23 Repealed
  1637. 24Paragraph 24 Repealed
  1638. 25Paragraph 25 Repealed
  1639. 26Paragraph 26 Repealed
  1640. FA 1991
  1641. 27Paragraph 27 Repealed
  1642. TCGA 1992
  1643. 28Paragraph 28
  1644. 29Paragraph 29
  1645. 30Paragraph 30
  1646. 31Paragraph 31
  1647. VATA 1994
  1648. 32Paragraph 32
  1649. 33Paragraph 33
  1650. 34Paragraph 34
  1651. 35Paragraph 35
  1652. 36Paragraph 36
  1653. FA 1998
  1654. 37Paragraph 37
  1655. 38Paragraph 38
  1656. 39Paragraph 39
  1657. 40Paragraph 40
  1658. 41Paragraph 41
  1659. 42Paragraph 42
  1660. 43Paragraph 43
  1661. 44Paragraph 44
  1662. 45Paragraph 45
  1663. 46Paragraph 46
  1664. 47Paragraph 47
  1665. FA 2002
  1666. 48Paragraph 48 Repealed
  1667. ITEPA 2003
  1668. 49Paragraph 49
  1669. ITTOIA 2005
  1670. 50Paragraph 50
  1671. 51Paragraph 51
  1672. 52Paragraph 52
  1673. 53Paragraph 53
  1674. ITA 2007
  1675. 54Paragraph 54
  1676. 55Paragraph 55
  1677. 56Paragraph 56
  1678. 57Paragraph 57
  1679. 58Paragraph 58
  1680. 59Paragraph 59
  1681. 60Paragraph 60
  1682. 61Paragraph 61
  1683. 62Paragraph 62
  1684. Consequential amendments
  1685. 63Paragraph 63
  1686. 64Paragraph 64
  1687. 65Paragraph 65
  1688. Saving
  1689. 66Paragraph 66 Repealed
  1690. Schedule 40: Penalties: amendments of Schedule 24 to FA 2007
  1691. 1Paragraph 1
  1692. 2Paragraph 2
  1693. 3Paragraph 3
  1694. 4Paragraph 4
  1695. 5Paragraph 5
  1696. 6Paragraph 6
  1697. 7Paragraph 7
  1698. 8Paragraph 8
  1699. 9Paragraph 9
  1700. 10Paragraph 10
  1701. 11Paragraph 11
  1702. 12Paragraph 12
  1703. 13Paragraph 13
  1704. 14Paragraph 14 Repealed
  1705. 15Paragraph 15
  1706. 16Paragraph 16
  1707. 17Paragraph 17
  1708. 18Paragraph 18
  1709. 19Paragraph 19
  1710. 20Paragraph 20
  1711. 21Paragraph 21
  1712. Schedule 41: Penalties: failure to notify and certain VAT and excise wrongdoing
  1713. Failure to notify etc
  1714. 1Paragraph 1
  1715. Issue of invoice showing VAT by unauthorised person
  1716. 2Paragraph 2
  1717. Putting product to use that attracts higher duty
  1718. 3Paragraph 3
  1719. Involvement in landfill disposal by unregistered person
  1720. 3AParagraph 3A
  1721. Handling goods subject to unpaid excise duty etc
  1722. 4Paragraph 4
  1723. Degrees of culpability
  1724. 5Paragraph 5
  1725. Amount of penalty: standard amount
  1726. 6Paragraph 6
  1727. 6AParagraph 6A
  1728. 6AAParagraph 6AA
  1729. 6ABParagraph 6AB
  1730. 6BParagraph 6B
  1731. 6CParagraph 6C
  1732. 6CAParagraph 6CA
  1733. 6DParagraph 6D
  1734. Potential lost revenue
  1735. 7Paragraph 7
  1736. 8Paragraph 8
  1737. 9Paragraph 9
  1738. 9AParagraph 9A
  1739. 10Paragraph 10
  1740. 11Paragraph 11
  1741. Reductions for disclosure
  1742. 12Paragraph 12
  1743. 13Paragraph 13
  1744. 13AParagraph 13A
  1745. Special reduction
  1746. 14Paragraph 14
  1747. Interaction with other penalties and late payment surcharges
  1748. 15Paragraph 15
  1749. Assessment
  1750. 16Paragraph 16
  1751. Appeal
  1752. 17Paragraph 17
  1753. 18Paragraph 18
  1754. 19Paragraph 19
  1755. Reasonable excuse
  1756. 20Paragraph 20
  1757. Agency
  1758. 21Paragraph 21
  1759. Companies: officers' liability
  1760. 22Paragraph 22
  1761. Double jeopardy
  1762. 23Paragraph 23
  1763. Interpretation
  1764. 24Paragraph 24
  1765. Consequential repeals
  1766. 25Paragraph 25
  1767. Schedule 42: Alcoholic liquor duties: decisions subject to review and appeal
  1768. 1Paragraph 1
  1769. 2Paragraph 2
  1770. 3Paragraph 3
  1771. 4Paragraph 4
  1772. 5Paragraph 5
  1773. 6Paragraph 6
  1774. 7Paragraph 7
  1775. Schedule 43: Taking control of goods etc: consequential provision
  1776. Part 1: Consequential provision: taking control of goods
  1777. TMA 1970
  1778. 1Paragraph 1
  1779. Social Security Administration Act 1992 (c. 5)
  1780. 2Paragraph 2
  1781. FA 1994
  1782. 3Paragraph 3
  1783. VATA 1994
  1784. 4Paragraph 4
  1785. FA 1996
  1786. 5Paragraph 5
  1787. FA 1997
  1788. 6Paragraph 6
  1789. FA 2000
  1790. 7Paragraph 7
  1791. FA 2001
  1792. 8Paragraph 8
  1793. FA 2003
  1794. 9Paragraph 9
  1795. Tribunals, Courts and Enforcement Act 2007 (c. 15)
  1796. 10Paragraph 10
  1797. Other repeals
  1798. 11Paragraph 11
  1799. Part 2: Consequential provision: summary warrant
  1800. TMA 1970
  1801. 12Paragraph 12
  1802. Debtors (Scotland) Act 1987 (c. 18)
  1803. 13Paragraph 13
  1804. Social Security Administration Act 1992 (c. 5)
  1805. 14Paragraph 14
  1806. FA 1997
  1807. 15Paragraph 15
  1808. FA 2003
  1809. 16Paragraph 16
  1810. Schedule 44: Certificates of debt: consequential provision
  1811. TMA 1970
  1812. 1Paragraph 1
  1813. OTA 1975
  1814. 2Paragraph 2
  1815. IHTA 1984
  1816. 3Paragraph 3
  1817. Social Security Administration Act 1992 (c. 5)
  1818. 4Paragraph 4
  1819. FA 1994
  1820. 5Paragraph 5
  1821. VATA 1994
  1822. 6Paragraph 6
  1823. FA 1996
  1824. 7Paragraph 7
  1825. FA 2000
  1826. 8Paragraph 8
  1827. FA 2001
  1828. 9Paragraph 9
  1829. FA 2003
  1830. 10Paragraph 10
  1831. Other repeals
  1832. 11Paragraph 11
  1833. Schedule 45: Vehicle excise duty: offence of using or keeping unlicensed vehicle
  1834. Introductory
  1835. 1Paragraph 1
  1836. Amendments of section 29
  1837. 2Paragraph 2
  1838. Amendment of section 30
  1839. 3Paragraph 3
  1840. Amendments of Schedule 2A
  1841. 4Paragraph 4
  1842. 5Paragraph 5
  1843. 6Paragraph 6
  1844. 7Paragraph 7
  1845. 8Paragraph 8
  1846. Schedule 46: Government borrowing: alternative finance arrangements
  1847. Introduction
  1848. 1Paragraph 1
  1849. 2Paragraph 2
  1850. Alternative finance arrangements that are to be available
  1851. 3Paragraph 3
  1852. Terms, conditions and procedures
  1853. 4Paragraph 4
  1854. Decisions to raise money through alternative finance arrangements
  1855. 5Paragraph 5
  1856. Involvement of persons other than the Treasury
  1857. 6Paragraph 6
  1858. Ancillary arrangements
  1859. 7Paragraph 7
  1860. Property
  1861. 8Paragraph 8
  1862. Powers and duties
  1863. 9Paragraph 9
  1864. Liabilities
  1865. 10Paragraph 10
  1866. Money raised
  1867. 11Paragraph 11
  1868. Other legislation
  1869. 12Paragraph 12
  1870. Things to be done otherwise than in regulations
  1871. 13Paragraph 13
  1872. 14Paragraph 14
  1873. Regulations to be made by SI
  1874. 15Paragraph 15
  1875. Parliamentary scrutiny
  1876. 16Paragraph 16
  1877. Interpretation
  1878. 17Paragraph 17