OpenLegislation

Finance Act 2009

2009 c. 10 · Enacted 21 July 2009 · Extends to United Kingdom

Not fully up to date. 37 changes made by later legislation have not yet been written into this text, which is revised to 2 October 2026.

See the changes not yet applied
ProvisionChangeMade by
Sch. 54 para. 12A 12B and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 19
s. 101(2)(a)omittedFinance (No. 3) Act 2010 Sch. 9 para. 2
s. 101(2)(b)omittedFinance (No. 3) Act 2010 Sch. 9 para. 14
s. 102(2)(a)omittedFinance (No. 3) Act 2010 Sch. 9 para. 3(2)
Sch. 54 Pt. A1insertedFinance (No. 3) Act 2010 Sch. 9 para. 10
s. 102(2)(b)omittedFinance (No. 3) Act 2010 Sch. 9 para. 15
s. 102(4)(za)insertedFinance (No. 3) Act 2010 Sch. 9 para. 3(3)
Sch. 53 para. 2A-2D and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 7
Sch. 53 para. 6A and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 8
Sch. 53 para. 11A 11B and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 17
Sch. 53 para. 14A and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 18
Sch. 54 para. 9B 9C and cross-headinginsertedFinance (No. 3) Act 2010 Sch. 9 para. 11
Sch. 54 para. 9DrepealedFinance Act 2012 Sch. 39 para. 28(1)
Sch. 56 para. 1 item 23words substitutedFinance Act 2013 Sch. 34 para. 10(2)(a)
Sch. 56 para. 1 item 24words substitutedFinance Act 2013 Sch. 34 para. 10(2)(a)
Sch. 55 para. 1 Tablewords substitutedFinance Act 2014 Sch. 28 para. 29(b)
Sch. 55 para. 1 Tablewords substitutedFinance Act 2014 Sch. 28 para. 29(c)
Sch. 55 para. 1 Tablewords substitutedFinance Act 2014 Sch. 28 para. 29(a)
Sch. 56 para. 1 Tablewords substitutedFinance Act 2014 Sch. 28 para. 30(2)
Sch. 56 para. 1 Tablewords substitutedFinance Act 2014 Sch. 28 para. 30(3)
Sch. 55 para. 15(2)words insertedFinance Act 2015 Sch. 20 para. 18
Sch. 55 para. 17(4)(ba)insertedFinance Act 2015 Sch. 20 para. 19
Sch. 55 para. 17(4)(b)word omittedFinance Act 2015 Sch. 20 para. 19
Sch. 55 para. 6(3A)(a)word substitutedFinance Act 2015 Sch. 20 para. 15(2)(b)
Sch. 55 para. 6(3A)(za)insertedFinance Act 2015 Sch. 20 para. 15(2)(a)
Sch. 55 para. 6(4A)(a)word substitutedFinance Act 2015 Sch. 20 para. 15(3)(b)
Sch. 55 para. 6(4A)(za)insertedFinance Act 2015 Sch. 20 para. 15(3)(a)
Sch. 55 para. 6(6)word substitutedFinance Act 2015 Sch. 20 para. 15(4)
Sch. 53 para. 9words substitutedFinance (No. 2) Act 2015 s. 15(2)(b)
Sch. 56 para. 3(1)(a)word insertedFinance Act 2016 Sch. 23 para. 9(3)
Sch. 56 para. 1words insertedFinance Act 2016 Sch. 23 para. 9(2)
Sch. 56 para. 1words insertedFinance Act 2020 Sch. 12 para. 9
Sch. 54A para. 2(e)-(g)omittedFinance Act 2024 Sch. 2 para. 13
s. 101coming into forceThe Finance Act 2009, Sections 101 and 102 (Carbon Border Adjustment Mechanism) (Interest) (Appointed Day) Order 2026 art. 2
s. 102coming into forceThe Finance Act 2009, Sections 101 and 102 (Carbon Border Adjustment Mechanism) (Interest) (Appointed Day) Order 2026 art. 2
Sch. 53coming into forceThe Finance Act 2009, Sections 101 and 102 (Carbon Border Adjustment Mechanism) (Interest) (Appointed Day) Order 2026 art. 2
Sch. 54coming into forceThe Finance Act 2009, Sections 101 and 102 (Carbon Border Adjustment Mechanism) (Interest) (Appointed Day) Order 2026 art. 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 2009]

Most Gracious Sovereign

We, Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and to grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Contents

  1. Part 1: Charges, rates, allowances, etc
  2. Income tax
  3. 1Charge and main rates for 2009-10
  4. 2Basic rate limit for 2009-10
  5. 3Personal allowance for 2009-10 for those aged under 65
  6. 4Reduction of personal allowance for those with income exceeding £100,000
  7. 5Abolition of personal reliefs for non-residents
  8. 6Additional rate, dividend additional rate, trust rates and pension tax rates
  9. Corporation tax
  10. 7Charge and main rates for financial year 2010
  11. 8Small companies' rates and fractions for financial year 2009
  12. Value added tax
  13. 9Extension of reduced standard rate and anti-avoidance provision
  14. Stamp duty land tax
  15. 10Thresholds for residential property
  16. Alcohol and tobacco duties
  17. 11Rates of alcoholic liquor duty
  18. 12Rates of tobacco products duty
  19. Vehicle excise duty
  20. 13Rates for 2009-10
  21. 14Rates from April 2010
  22. Fuel duties
  23. 15Rates and rebates from Spring 2009
  24. 16Rates and rebates from September 2009
  25. Other environmental taxes and duties
  26. 17Rates of air passenger duty
  27. 18Standard rate of landfill tax
  28. Gambling duties
  29. 19Rates of gaming duty
  30. 20Bingo duty Repealed
  31. 21Amounts of duty on amusement machine licences
  32. 22Provisions affecting amount of amusement machine licence duty
  33. Part 2: Income tax, corporation tax and capital gains tax
  34. Support for business
  35. 23Temporary extension of loss carry back provisions
  36. 24First-year capital allowances for expenditure in 2009-2010
  37. 25Agreements to forgo tax reliefs
  38. 26Contaminated and derelict land
  39. 27Venture capital schemes
  40. 28Group relief: preference shares Repealed
  41. 29Sale of lessor companies etc: reforms Repealed
  42. 30Tax relief for business expenditure on cars and motor cycles
  43. 31Reallocation of chargeable gain or loss within a group
  44. 32Stock lending: chargeable gains in event of insolvency etc of borrower
  45. 33FSCS payments representing interest
  46. Foreign profits etc
  47. 34Corporation tax treatment of company distributions received
  48. 35Tax treatment of financing costs and income Repealed
  49. 36Controlled foreign companies
  50. 37International movement of capital
  51. 38Corporation tax: foreign currency accounting Repealed
  52. 39Certain distributions of offshore funds taxed as interest
  53. 40Income tax credits for foreign distributions
  54. Loan relationships and derivatives
  55. 41Loan relationships involving connected parties
  56. 42Release of trade etc debts
  57. 43Foreign exchange matching: anti-avoidance
  58. Collective investment
  59. 44Tax treatment of participants in offshore funds
  60. 45Power to enable dividends of investment trusts to be taxed as interest
  61. Insurance etc
  62. 46Insurance companies Repealed
  63. 47Equalisation reserves for Lloyd's corporate and partnership members
  64. Simplification
  65. 48Disguised interest
  66. 49Transfer of income streams
  67. 50SAYE schemes
  68. Residence and domicile
  69. 51Remittance basis
  70. 52Exemption for certain non-domiciled persons
  71. Employment income
  72. 53Taxable benefits: cars
  73. 54Taxable benefit of cars: price of automatic car for disabled employee
  74. 55Exemption of benefit consisting of health-screening or medical check-up
  75. 56MEPs' pay, allowances and pensions under European Parliament Statute
  76. Double taxation
  77. 57Tax underlying dividends Repealed
  78. 58Manufactured overseas dividends Repealed
  79. 59Payments by reference to foreign tax etc Repealed
  80. 60Anti-fragmentation Repealed
  81. Miscellaneous anti-avoidance provisions
  82. 61Financial arrangements avoidance
  83. 62Transfers of trade to obtain terminal loss relief Repealed
  84. 63Sale of lessor companies etc: anti-avoidance Repealed
  85. 64Leases of plant or machinery
  86. 65Long funding leases of films
  87. 66Real Estate Investment Trusts Repealed
  88. 67Deductions for employee liabilities
  89. 68Employment loss relief
  90. 69No loss relief for losses from contracts for life insurance etc Repealed
  91. 70Intangible fixed assets and goodwill
  92. 71Taxable benefit of living accommodation: lease premiums
  93. Part 3: Pensions
  94. 72Special annual allowance charge etc
  95. 73Financial assistance scheme
  96. 74FSCS intervention in relation to insurance in connection with pensions
  97. 75Power to make retrospective non-charging provision
  98. Part 4: Value added tax
  99. 76Place of supply of services etc
  100. 77Repayment to those in business in other States
  101. 78Information relating to cross-border supplies of services to taxable recipients Repealed
  102. 79Effect of VAT changes on arbitration of rent for agricultural holdings
  103. Part 5: Stamp taxes
  104. Stamp duty land tax
  105. 80Exercise of collective rights by tenants of flats
  106. 81Registered providers of social housing
  107. 82Rent to shared ownership
  108. Stock lending arrangements
  109. 83Stamp taxes in event of insolvency
  110. Part 6: Oil
  111. 84Capital allowances for oil decommissioning expenditure
  112. 85Blended oil
  113. 86Chargeable gains
  114. 87Oil assets put to other uses
  115. 88Former licensees and former oil fields
  116. 89Abolition of provisional expenditure allowance
  117. 90Supplementary charge: reduction for certain new oil fields Repealed
  118. 91Miscellaneous amendments
  119. Part 7: Administration
  120. Standards and values
  121. 92HMRC Charter
  122. 93Duties of senior accounting officers of qualifying companies
  123. 94Publishing details of deliberate tax defaulters
  124. Information etc
  125. 95Amendment of information and inspection powers
  126. 96Extension of information and inspection powers to further taxes
  127. 97Powers to obtain contact details for debtors
  128. 98Record-keeping
  129. Assessments, claims etc
  130. 99Time limits for assessments, claims etc
  131. 100Recovery of overpaid tax etc
  132. Interest
  133. 101Late payment interest on sums due to HMRC
  134. 102Repayment interest on sums to be paid by HMRC
  135. 103Rates of interest
  136. 103AFurther provision as to late payment interest and repayment interest
  137. 104Supplementary
  138. 105Miscellaneous amendments
  139. Penalties
  140. 106Penalties for failure to make returns etc
  141. 107Penalties for failure to pay tax
  142. 108Suspension of penalties during currency of agreement for deferred payment
  143. 109Miscellaneous amendments
  144. Miscellaneous
  145. 110Recovery of debts using PAYE regulations
  146. 111Managed payment plans Repealed
  147. 112Customs and excise enforcement: movements between member States
  148. Part 8: Miscellaneous
  149. Gambling
  150. 113VAT exemption for gaming participation fees
  151. 114Gaming duty
  152. 115Remote bingo etc
  153. 116Meaning of “gaming machine” and “gaming”
  154. Climate change levy
  155. 117Taxable commodities ineligible for reduced-rate supply
  156. 118Removal of reduced rate where targets not met
  157. Other environmental taxes and duties
  158. 119Landfill tax: prescribed landfill site activities
  159. 120Requirement to destroy replaced vehicle registration documents
  160. 121Hydrocarbon oil duties: minor amendments
  161. Other matters
  162. 122Inheritance tax: agricultural property and woodlands relief for EEA land
  163. 123Alternative finance investment bonds
  164. 124Mutual societies: tax consequences of transfers of business etc
  165. 125National Savings ordinary accounts: surplus funds
  166. Part 9: Final provisions
  167. 126Interpretation
  168. 127Short title
  169. Schedule 1: Income tax: abolition of non-residents' personal reliefs
  170. Introduction
  171. 1Paragraph 1
  172. Abolition of reliefs
  173. 2Paragraph 2
  174. Consequential amendments
  175. 3Paragraph 3
  176. 4Paragraph 4
  177. 5Paragraph 5
  178. Repeals
  179. 6Paragraph 6
  180. Commencement
  181. 7Paragraph 7
  182. Schedule 2: Income tax rates
  183. Part 1: Amendments of ITA 2007
  184. 1Paragraph 1
  185. 2Paragraph 2
  186. 3Paragraph 3
  187. 4Paragraph 4
  188. 5Paragraph 5
  189. 6Paragraph 6
  190. 7Paragraph 7
  191. 8Paragraph 8
  192. 9Paragraph 9
  193. Part 2: Amendments of other Acts
  194. FA 2004
  195. 10Paragraph 10
  196. 11Paragraph 11
  197. 12Paragraph 12
  198. 13Paragraph 13
  199. 14Paragraph 14
  200. 15Paragraph 15 Repealed
  201. 16Paragraph 16
  202. 17Paragraph 17
  203. 18Paragraph 18
  204. ITTOIA 2005
  205. 19Paragraph 19
  206. 20Paragraph 20
  207. 21Paragraph 21 Repealed
  208. 22Paragraph 22
  209. 23Paragraph 23
  210. F(No.2)A 2005
  211. 24Paragraph 24
  212. Part 3: Commencement
  213. 25Paragraph 25
  214. Schedule 3: VAT: supplementary charge and orders changing rate
  215. Part 1: Supplementary charge to VAT
  216. The charge
  217. 1Paragraph 1
  218. Supply spanning the date of the VAT change
  219. 2Paragraph 2
  220. Grant of right spanning the date of the VAT change
  221. 3Paragraph 3
  222. “Basic time of supply”
  223. 4Paragraph 4
  224. Series of supplies
  225. 5Paragraph 5
  226. “Relevant consideration” and “related” supplies
  227. 6Paragraph 6
  228. Financing
  229. 7Paragraph 7
  230. Connected persons
  231. 8Paragraph 8
  232. Receipt of payments
  233. 9Paragraph 9
  234. Power to change relevant conditions
  235. 10Paragraph 10
  236. Supplies treated as taking place before 31 March 2009
  237. 11Paragraph 11
  238. Part 2: Exceptions
  239. Letting etc of assets
  240. 12Paragraph 12
  241. Condition B cases involving normal commercial practice
  242. 13Paragraph 13
  243. Normal commercial practice
  244. 14Paragraph 14
  245. Further exceptions
  246. 15Paragraph 15
  247. Part 3: Liability and amount
  248. Liability
  249. 16Paragraph 16
  250. Amount
  251. 17Paragraph 17
  252. Part 4: Listed supplies
  253. “Listed supply”
  254. 18Paragraph 18
  255. “Basic time of supply”: listed supplies
  256. 19Paragraph 19
  257. Part 5: Administration and interpretation
  258. Person ceasing to be taxable person before supplementary charge due
  259. 20Paragraph 20
  260. Adjustment of contracts following the VAT change
  261. 21Paragraph 21
  262. Invoices
  263. 22Paragraph 22
  264. Orders under this Schedule
  265. 23Paragraph 23
  266. Interpretation: general
  267. 24Paragraph 24
  268. Part 6: Amendments of VATA 1994
  269. 25Paragraph 25
  270. Schedule 4: Vehicle excise duty: further provision about rates of duty etc
  271. 1Paragraph 1
  272. 2Paragraph 2
  273. 3Paragraph 3
  274. 4Paragraph 4
  275. 5Paragraph 5
  276. 6Paragraph 6
  277. 7Paragraph 7
  278. Schedule 5: Air passenger duty
  279. Amendments
  280. 1Paragraph 1
  281. 2Paragraph 2
  282. 3Paragraph 3
  283. 4Paragraph 4
  284. 5Paragraph 5
  285. Consequential repeals
  286. 6Paragraph 6
  287. Commencement etc
  288. 7Paragraph 7
  289. 8Paragraph 8
  290. Schedule 6: Temporary extension of carry back of losses
  291. Income tax
  292. 1Paragraph 1
  293. 2Paragraph 2
  294. Corporation tax
  295. 3Paragraph 3
  296. Schedule 7: Contaminated and derelict land
  297. Part 1: Amendments of Part 14 of CTA 2009
  298. 1Paragraph 1
  299. 2Paragraph 2
  300. 3Paragraph 3
  301. 4Paragraph 4
  302. 5Paragraph 5
  303. 6Paragraph 6
  304. 7Paragraph 7
  305. 8Paragraph 8
  306. 9Paragraph 9
  307. 10Paragraph 10
  308. 11Paragraph 11
  309. 12Paragraph 12
  310. 13Paragraph 13
  311. 14Paragraph 14
  312. 15Paragraph 15
  313. 16Paragraph 16
  314. 17Paragraph 17
  315. 18Paragraph 18
  316. 19Paragraph 19
  317. 20Paragraph 20
  318. 21Paragraph 21
  319. 22Paragraph 22
  320. 23Paragraph 23
  321. Part 2: Amendments of other enactments
  322. ICTA
  323. 24Paragraph 24
  324. FA 1998
  325. 25Paragraph 25
  326. CTA 2009
  327. 26Paragraph 26
  328. Part 3: Commencement
  329. 27Paragraph 27
  330. 28Paragraph 28
  331. Schedule 8: Venture capital schemes
  332. Enterprise investment scheme
  333. 1Paragraph 1
  334. 2Paragraph 2
  335. 3Paragraph 3
  336. 4Paragraph 4
  337. 5Paragraph 5
  338. 6Paragraph 6
  339. 7Paragraph 7
  340. Corporate venturing scheme
  341. 8Paragraph 8
  342. Venture Capital Trusts
  343. 9Paragraph 9
  344. Consequential repeals
  345. 10Paragraph 10
  346. Commencement
  347. 11Paragraph 11
  348. 12Paragraph 12
  349. 13Paragraph 13
  350. 14Paragraph 14
  351. Schedule 9: Group relief: preference shares Repealed
  352. Amendments of Schedule 18 to ICTA Repealed
  353. 1Paragraph 1 Repealed
  354. 2Paragraph 2 Repealed
  355. 3Paragraph 3 Repealed
  356. 4Paragraph 4 Repealed
  357. Commencement Repealed
  358. 5Paragraph 5 Repealed
  359. Election to opt out of changes in relation to pre-existing etc shares Repealed
  360. 6Paragraph 6 Repealed
  361. 7Paragraph 7 Repealed
  362. Paragraph 2(7) of Schedule 25 to ICTA Repealed
  363. 8Paragraph 8 Repealed
  364. Schedule 10: Sale of lessor companies etc: reforms Repealed
  365. Introduction Repealed
  366. 1Paragraph 1 Repealed
  367. Paragraph 7 Repealed
  368. 2Paragraph 2 Repealed
  369. Paragraph 13A Repealed
  370. 3Paragraph 3 Repealed
  371. Paragraph 17 Repealed
  372. 4Paragraph 4 Repealed
  373. Paragraph 23 Repealed
  374. 5Paragraph 5 Repealed
  375. Paragraph 23A Repealed
  376. 6Paragraph 6 Repealed
  377. Paragraph 32 Repealed
  378. 7Paragraph 7 Repealed
  379. Paragraph 39 Repealed
  380. 8Paragraph 8 Repealed
  381. Commencement Repealed
  382. 9Paragraph 9 Repealed
  383. Schedule 11: Tax relief for business expenditure on cars and motor cycles
  384. Part 1: Capital allowances
  385. Plant and machinery allowances for cars and motor cycles
  386. 1Paragraph 1
  387. 2Paragraph 2
  388. 3Paragraph 3
  389. 4Paragraph 4
  390. 5Paragraph 5
  391. 6Paragraph 6
  392. 7Paragraph 7
  393. 8Paragraph 8
  394. 9Paragraph 9
  395. 10Paragraph 10
  396. 11Paragraph 11
  397. Consequential amendments of CAA 2001
  398. 12Paragraph 12
  399. 13Paragraph 13
  400. 14Paragraph 14
  401. 15Paragraph 15
  402. 16Paragraph 16
  403. 17Paragraph 17
  404. 18Paragraph 18
  405. 19Paragraph 19
  406. 20Paragraph 20
  407. 21Paragraph 21
  408. 22Paragraph 22
  409. 23Paragraph 23
  410. 24Paragraph 24
  411. Consequential repeal
  412. 25Paragraph 25
  413. Commencement and transitionals: introduction
  414. 26Paragraph 26
  415. 27Paragraph 27
  416. Commencement
  417. 28Paragraph 28
  418. 29Paragraph 29
  419. Transitionals
  420. 30Paragraph 30
  421. 31Paragraph 31
  422. 32Paragraph 32
  423. Interpretation
  424. 33Paragraph 33
  425. Part 2: Restrictions on deductions for hire expenses
  426. Income tax
  427. 34Paragraph 34
  428. 35Paragraph 35
  429. 36Paragraph 36
  430. 37Paragraph 37
  431. 38Paragraph 38
  432. 39Paragraph 39
  433. 40Paragraph 40
  434. 41Paragraph 41
  435. 42Paragraph 42
  436. 43Paragraph 43
  437. 44Paragraph 44
  438. Corporation tax
  439. 45Paragraph 45
  440. 46Paragraph 46
  441. 47Paragraph 47
  442. 48Paragraph 48
  443. 49Paragraph 49
  444. 50Paragraph 50
  445. 51Paragraph 51
  446. 52Paragraph 52
  447. 53Paragraph 53
  448. 54Paragraph 54
  449. 55Paragraph 55
  450. 56Paragraph 56
  451. 57Paragraph 57
  452. 58Paragraph 58
  453. 59Paragraph 59
  454. 60Paragraph 60
  455. 61Paragraph 61
  456. 62Paragraph 62
  457. 63Paragraph 63
  458. Consequential repeals
  459. 64Paragraph 64
  460. Commencement
  461. 65Paragraph 65
  462. 66Paragraph 66
  463. Election for new regime not to apply in certain cases
  464. 67Paragraph 67
  465. Saving
  466. 68Paragraph 68
  467. Schedule 12: Reallocation of chargeable gain or loss within a group
  468. Main provisions
  469. 1Paragraph 1
  470. Consequential amendments
  471. 2Paragraph 2 Repealed
  472. 3Paragraph 3 Repealed
  473. 4Paragraph 4
  474. Commencement
  475. 5Paragraph 5
  476. Schedule 13: Chargeable gains in stock lending: insolvency etc of borrower
  477. 1Paragraph 1
  478. 2Paragraph 2
  479. 3Paragraph 3
  480. 4Paragraph 4
  481. Schedule 14: Corporation tax treatment of company distributions
  482. Part 1: Insertion of new Part 9A of CTA 2009
  483. 1Paragraph 1
  484. Part 2: Other amendments
  485. ICTA
  486. 2Paragraph 2
  487. 3Paragraph 3
  488. 4Paragraph 4
  489. 5Paragraph 5
  490. 6Paragraph 6 Repealed
  491. 7Paragraph 7
  492. 8Paragraph 8 Repealed
  493. 9Paragraph 9
  494. 10Paragraph 10
  495. 11Paragraph 11 Repealed
  496. 12Paragraph 12 Repealed
  497. 13Paragraph 13
  498. 14Paragraph 14 Repealed
  499. FA 1989
  500. 15Paragraph 15
  501. 16Paragraph 16
  502. 17Paragraph 17
  503. FA 1994
  504. 18Paragraph 18
  505. FA 2006
  506. 19Paragraph 19 Repealed
  507. CTA 2009
  508. 20Paragraph 20
  509. 21Paragraph 21
  510. 22Paragraph 22
  511. 23Paragraph 23
  512. 24Paragraph 24
  513. 25Paragraph 25
  514. 26Paragraph 26
  515. 27Paragraph 27
  516. 28Paragraph 28
  517. 29Paragraph 29
  518. Consequential repeals
  519. 30Paragraph 30
  520. Part 3: Commencement etc
  521. Commencement
  522. 31Paragraph 31
  523. Transitional provision
  524. 32Paragraph 32
  525. Schedule 15: Tax treatment of financing costs and income
  526. Part 1: Introduction
  527. Overview
  528. 1Paragraph 1 Repealed
  529. Part 2: Application of this Schedule
  530. Application of Schedule
  531. 2Paragraph 2 Repealed
  532. UK net debt of the worldwide group for period of account of worldwide group
  533. 3Paragraph 3 Repealed
  534. Net debt of a company
  535. 4Paragraph 4 Repealed
  536. Worldwide gross debt of worldwide group for period of account of worldwide group
  537. 5Paragraph 5 Repealed
  538. References to amounts disclosed in balance sheet of relevant group company
  539. 6Paragraph 6 Repealed
  540. Qualifying financial services groups
  541. 7Paragraph 7 Repealed
  542. Qualifying activities
  543. 8Paragraph 8 Repealed
  544. Lending activities and activities ancillary to lending activities
  545. 9Paragraph 9 Repealed
  546. Insurance activities and insurance related activities
  547. 10Paragraph 10 Repealed
  548. Relevant dealing in financial instruments
  549. 11Paragraph 11 Repealed
  550. UK trading income of the worldwide group
  551. 12Paragraph 12 Repealed
  552. Worldwide trading income of the worldwide group
  553. 13Paragraph 13 Repealed
  554. Foreign currency accounting
  555. 14Paragraph 14 Repealed
  556. Part 3: Disallowance of deductions
  557. Application of Part and meaning of “total disallowed amount”
  558. 15Paragraph 15 Repealed
  559. Meaning of “company to which this Part applies”
  560. 16Paragraph 16 Repealed
  561. Appointment of authorised company for relevant period of account
  562. 17Paragraph 17 Repealed
  563. Meaning of “the reporting body”
  564. 18Paragraph 18 Repealed
  565. Statement of allocated disallowances: submission
  566. 19Paragraph 19 Repealed
  567. Statement of allocated disallowances: submission of revised statement
  568. 20Paragraph 20 Repealed
  569. Statement of allocated disallowances: requirements
  570. 21Paragraph 21 Repealed
  571. Statement of allocated disallowances: effect
  572. 22Paragraph 22 Repealed
  573. Company tax returns
  574. 23Paragraph 23 Repealed
  575. Power to make regulations about statement of allocated disallowances
  576. 24Paragraph 24 Repealed
  577. Failure of reporting body to submit statement of allocated disallowances
  578. 25Paragraph 25 Repealed
  579. Powers to make regulations in relation to reductions required under paragraph 25
  580. 26Paragraph 26 Repealed
  581. Part 4: Exemption of financing income
  582. Application of Part and meaning of “total disallowed amount”
  583. 27Paragraph 27 Repealed
  584. Meaning of “company to which this Part applies”
  585. 28Paragraph 28 Repealed
  586. Appointment of authorised company for relevant period of account
  587. 29Paragraph 29 Repealed
  588. Meaning of “the reporting body”
  589. 30Paragraph 30 Repealed
  590. Statement of allocated exemptions: submission
  591. 31Paragraph 31 Repealed
  592. Statement of allocated exemptions: submission of revised statement
  593. 32Paragraph 32 Repealed
  594. Statement of allocated exemptions: requirements
  595. 33Paragraph 33 Repealed
  596. Statement of allocated exemptions: effect
  597. 34Paragraph 34 Repealed
  598. Company tax returns
  599. 35Paragraph 35 Repealed
  600. Power to make regulations about statement of allocated exemptions
  601. 36Paragraph 36 Repealed
  602. Failure of reporting body to submit statement of allocated exemptions
  603. 37Paragraph 37 Repealed
  604. Power to make regulations in relation to reductions required under paragraph 37
  605. 38Paragraph 38 Repealed
  606. Balancing payments between group companies: no charge to, or relief from, tax
  607. 39Paragraph 39 Repealed
  608. Part 5: Intra-group financing income where payer denied deduction
  609. Exemption from tax for certain financing income received from certain EEA companies
  610. 40Paragraph 40 Repealed
  611. Meaning of “relevant associate”
  612. 41Paragraph 41 Repealed
  613. Meaning of “tax-resident” and “EEA territory”
  614. 42Paragraph 42 Repealed
  615. Qualifying EEA tax relief for payment in the current period or a previous period
  616. 43Paragraph 43 Repealed
  617. Qualifying EEA tax relief for payment in future period
  618. 44Paragraph 44 Repealed
  619. References to tax of a territory
  620. 45Paragraph 45 Repealed
  621. Financing income amounts of a company
  622. 46Paragraph 46 Repealed
  623. Part 6: Anti-avoidance
  624. Schemes involving manipulation of rules in Part 2
  625. 47Paragraph 47 Repealed
  626. Schemes involving manipulation of rules in Parts 3 and 4
  627. 48Paragraph 48 Repealed
  628. Meaning of “relevant net deduction”
  629. 49Paragraph 49 Repealed
  630. Calculation of amounts
  631. 50Paragraph 50 Repealed
  632. Meaning of “carried-back amount” and “carried-forward amount”
  633. 51Paragraph 51 Repealed
  634. Schemes involving manipulation of rules in Part 5
  635. 52Paragraph 52 Repealed
  636. Meaning of “scheme” and “excluded scheme”
  637. 53Paragraph 53 Repealed
  638. Part 7: “Financing expense amount” and “financing income amount”
  639. The financing expense amounts of a company
  640. 54Paragraph 54 Repealed
  641. The financing income amounts of a company
  642. 55Paragraph 55 Repealed
  643. Interpretation of paragraphs 54 and 55
  644. 56Paragraph 56 Repealed
  645. Group treasury companies
  646. 57Paragraph 57 Repealed
  647. Real estate investment trusts
  648. 58Paragraph 58 Repealed
  649. Companies engaged in oil extraction activities
  650. 59Paragraph 59 Repealed
  651. Intra-group short-term finance: financing expense
  652. 60Paragraph 60 Repealed
  653. Intra-group short-term finance: financing income
  654. 61Paragraph 61 Repealed
  655. Short-term loan relationships
  656. 62Paragraph 62 Repealed
  657. Stranded deficits in non-trading loan relationships: financing expense
  658. 63Paragraph 63 Repealed
  659. Stranded deficits in non-trading loan relationships: financing income
  660. 64Paragraph 64 Repealed
  661. Stranded management expenses in non-trading loan relationships: financing expense
  662. 65Paragraph 65 Repealed
  663. Stranded management expenses in non-trading loan relationships: financing income
  664. 66Paragraph 66 Repealed
  665. Charities
  666. 67Paragraph 67 Repealed
  667. Educational and public bodies
  668. 68Paragraph 68 Repealed
  669. Interpretation of paragraphs 57 to 68
  670. 69Paragraph 69 Repealed
  671. Part 8: The “tested expense amount” and “tested income amount”
  672. The tested expense amount
  673. 70Paragraph 70 Repealed
  674. The tested income amount
  675. 71Paragraph 71 Repealed
  676. Companies with net financing deduction or net financing income that is small
  677. 72Paragraph 72 Repealed
  678. Part 9: The “available amount”
  679. The available amount
  680. 73Paragraph 73 Repealed
  681. Group members with income from oil extraction subject to particular tax treatment in UK
  682. 74Paragraph 74 Repealed
  683. Group members with income from shipping subject to particular tax treatment in UK
  684. 75Paragraph 75 Repealed
  685. Group members with income from property rental subject to particular tax treatment in UK
  686. 76Paragraph 76 Repealed
  687. Meaning of accounting expressions used in this Part
  688. 77Paragraph 77 Repealed
  689. Part 10: Other interpretative provisions
  690. The worldwide group
  691. 78Paragraph 78 Repealed
  692. Meaning of “group”
  693. 79Paragraph 79 Repealed
  694. Meaning of “ultimate parent”
  695. 80Paragraph 80 Repealed
  696. Meaning of “corporate entity”
  697. 81Paragraph 81 Repealed
  698. Meaning of “relevant non-corporate entity”
  699. 82Paragraph 82 Repealed
  700. Treatment of entities stapled to corporate entities or relevant non-corporate entities
  701. 83Paragraph 83 Repealed
  702. Treatment of business combinations
  703. 84Paragraph 84 Repealed
  704. Meaning of “large” in relation to a group
  705. 85Paragraph 85 Repealed
  706. Meaning of “UK group company” and “relevant group company”
  707. 86Paragraph 86 Repealed
  708. Financial statements of the worldwide group
  709. 87Paragraph 87 Repealed
  710. Non-compliant financial statements of worldwide group
  711. 88Paragraph 88 Repealed
  712. Non-existent financial statements of worldwide group
  713. 89Paragraph 89 Repealed
  714. References to amounts disclosed in financial statements
  715. 90Paragraph 90 Repealed
  716. Translation of amounts disclosed in financial statements into sterling
  717. 91Paragraph 91 Repealed
  718. Expressions taking their meaning from international accounting standards
  719. 92Paragraph 92 Repealed
  720. Meaning of “relevant accounting period”
  721. 93Paragraph 93 Repealed
  722. Meaning of “the Commissioners” and “HMRC”
  723. 94Paragraph 94 Repealed
  724. Part 11: Consequential amendments and commencement
  725. Consequential amendments
  726. 95Paragraph 95 Repealed
  727. 96Paragraph 96 Repealed
  728. Commencement
  729. 97Paragraph 97 Repealed
  730. Anti-avoidance: change of period of account of worldwide group
  731. 98Paragraph 98 Repealed
  732. Transitional provision
  733. 99Paragraph 99 Repealed
  734. Schedule 16: Controlled foreign companies
  735. Part 1: Abolition of acceptable distribution policy exemption
  736. Abolition of acceptable distribution policy exemption
  737. 1Paragraph 1
  738. Consequential amendments
  739. 2Paragraph 2
  740. 3Paragraph 3
  741. 4Paragraph 4
  742. 5Paragraph 5
  743. Commencement
  744. 6Paragraph 6
  745. Periods straddling 1 July 2009
  746. 7Paragraph 7
  747. Transitional provision
  748. 8Paragraph 8
  749. Interpretation
  750. 9Paragraph 9
  751. Part 2: Amendment of exempt activities exemption
  752. Abolition of special rules for holding companies other than local holding companies
  753. 10Paragraph 10
  754. 11Paragraph 11
  755. Commencement
  756. 12Paragraph 12
  757. Meaning of “qualifying holding company” and “exempt holding company”
  758. 13Paragraph 13
  759. Periods straddling 1 July 2009
  760. 14Paragraph 14
  761. Qualifying holding companies: periods straddling 1 July 2012
  762. 15Paragraph 15 Repealed
  763. Qualifying holding companies: definition of “relevant accounting period”
  764. 16Paragraph 16
  765. Qualifying holding companies: treatment during three years before 1 July 2012
  766. 17Paragraph 17
  767. Meaning of “ultimate corporate parent” and “group” for the purposes of paragraph 17(3)
  768. 18Paragraph 18
  769. Reference periods: anti-avoidance
  770. 19Paragraph 19
  771. Interpretation
  772. 20Paragraph 20
  773. Part 3: Reduction in chargeable profits for certain financing income
  774. Reduction in chargeable profits for certain financing income
  775. 21Paragraph 21
  776. 22Paragraph 22 Repealed
  777. 23Paragraph 23
  778. 24Paragraph 24
  779. Commencement
  780. 25Paragraph 25
  781. Schedule 17: International movement of capital
  782. Part 1: Abolition of existing regime
  783. 1Paragraph 1
  784. 2Paragraph 2
  785. 3Paragraph 3
  786. Part 2: Reporting requirement
  787. Reporting requirement
  788. 4Paragraph 4
  789. Meaning of “reporting body”
  790. 5Paragraph 5
  791. Groups with more than one UK corporate parent: nomination of single reporting body
  792. 6Paragraph 6
  793. Meaning of “UK corporate parent”
  794. 7Paragraph 7
  795. Reportable events and transactions
  796. 8Paragraph 8
  797. Excluded transactions
  798. 9Paragraph 9
  799. Penalty for failure to comply with reporting requirement
  800. 10Paragraph 10
  801. Regulations and orders
  802. 11Paragraph 11
  803. Interpretation
  804. 12Paragraph 12
  805. Part 3: Commencement etc
  806. Commencement
  807. 13Paragraph 13
  808. Transitional provision
  809. 14Paragraph 14
  810. Schedule 18: Corporation tax: foreign currency accounting Repealed
  811. Amendments of FA 1993 Repealed
  812. 1Paragraph 1 Repealed
  813. 2Paragraph 2 Repealed
  814. 3Paragraph 3 Repealed
  815. 4Paragraph 4 Repealed
  816. 5Paragraph 5 Repealed
  817. 6Paragraph 6 Repealed
  818. Commencement and transitional provision Repealed
  819. 7Paragraph 7 Repealed
  820. Sterling equivalent if amount carried back to pre-commencement accounting period Repealed
  821. 8Paragraph 8 Repealed
  822. Sterling equivalent if amount carried forward from earlier period Repealed
  823. 9Paragraph 9 Repealed
  824. Adjustment of sterling loss if amount carried back to pre-commencement accounting period Repealed
  825. 10Paragraph 10 Repealed
  826. Adjustment of sterling loss if amount carried forward from earlier period Repealed
  827. 11Paragraph 11 Repealed
  828. Interpretation Repealed
  829. 12Paragraph 12 Repealed
  830. Right of company to elect for different commencement and transitional provision to apply Repealed
  831. 13Paragraph 13 Repealed
  832. Schedule 19: Income tax credits for foreign distributions
  833. ITTOIA 2005
  834. 1Paragraph 1
  835. 2Paragraph 2
  836. 3Paragraph 3 Repealed
  837. 4Paragraph 4 Repealed
  838. 5Paragraph 5 Repealed
  839. 6Paragraph 6
  840. 7Paragraph 7 Repealed
  841. 8Paragraph 8
  842. Consequential amendments of other Acts
  843. 9Paragraph 9 Repealed
  844. 10Paragraph 10
  845. 11Paragraph 11 Repealed
  846. 12Paragraph 12 Repealed
  847. 13Paragraph 13
  848. Commencement
  849. 14Paragraph 14
  850. Schedule 20: Loan relationships: connected parties
  851. Introduction
  852. 1Paragraph 1
  853. Section 374
  854. 2Paragraph 2
  855. Sections 375 and 376
  856. 3Paragraph 3
  857. 4Paragraph 4
  858. Section 377
  859. 5Paragraph 5
  860. Section 407
  861. 6Paragraph 6
  862. Sections 409 and 410
  863. 7Paragraph 7
  864. 8Paragraph 8
  865. Commencement and transitional provision
  866. 9Paragraph 9
  867. Schedule 21: Foreign exchange: anti-avoidance
  868. Loan relationships
  869. 1Paragraph 1 Repealed
  870. 2Paragraph 2 Repealed
  871. 3Paragraph 3 Repealed
  872. Derivative contracts
  873. 4Paragraph 4
  874. 5Paragraph 5
  875. 6Paragraph 6
  876. 7Paragraph 7 Repealed
  877. 8Paragraph 8
  878. Interpretation
  879. 9Paragraph 9 Repealed
  880. Consequential revocation
  881. 10Paragraph 10
  882. Commencement
  883. 11Paragraph 11
  884. Schedule 22: Offshore funds
  885. Part 1: Meaning of “offshore fund”
  886. FA 2008
  887. 1Paragraph 1
  888. 2Paragraph 2
  889. 3Paragraph 3
  890. 4Paragraph 4
  891. 5Paragraph 5
  892. Restriction on regulation-making power under section 41 of FA 2008
  893. 6Paragraph 6 Repealed
  894. Part 2: Application of TCGA 1992 to offshore funds
  895. TCGA 1992
  896. 7Paragraph 7
  897. 8Paragraph 8 Repealed
  898. 9Paragraph 9
  899. 10Paragraph 10
  900. Consequential provision
  901. 11Paragraph 11
  902. Commencement: general
  903. 12Paragraph 12
  904. Commencement: certain consequential amendments
  905. 13Paragraph 13
  906. Commencement orders
  907. 14Paragraph 14
  908. Election modifying commencement
  909. 15Paragraph 15
  910. Making an election
  911. 16Paragraph 16
  912. Giving effect to elections
  913. 17Paragraph 17
  914. Modification of acquisition cost
  915. 18Paragraph 18
  916. Schedule 23: Insurance companies
  917. Transfer from non technical account not to be receipt
  918. 1Paragraph 1
  919. No deduction for capital allocations to with-profits policy holders
  920. 2Paragraph 2
  921. Limits on loss relief for addition to non-profit funds
  922. 3Paragraph 3
  923. FAFTS and contingent loans
  924. 4Paragraph 4
  925. Apportionment: foreign business assets
  926. 5Paragraph 5
  927. 6Paragraph 6
  928. 7Paragraph 7
  929. Value shifting attributable to transfer of business
  930. 8Paragraph 8 Repealed
  931. Schedule 24: Disguised interest
  932. Amendments of Part 6 of CTA 2009
  933. 1Paragraph 1
  934. 2Paragraph 2
  935. 3Paragraph 3
  936. 4Paragraph 4
  937. Amendments and repeals
  938. 5Paragraph 5
  939. 6Paragraph 6 Repealed
  940. 7Paragraph 7
  941. Repeals
  942. 8Paragraph 8
  943. 9Paragraph 9
  944. 10Paragraph 10
  945. Commencement
  946. 11Paragraph 11
  947. 12Paragraph 12
  948. 13Paragraph 13
  949. 14Paragraph 14
  950. 15Paragraph 15
  951. 16Paragraph 16
  952. Schedule 25: Transfers of income streams
  953. Part 1: Company transferors Repealed
  954. Application of Part
  955. 1Paragraph 1 Repealed
  956. Value of transferred income stream treated as income
  957. 2Paragraph 2 Repealed
  958. Exception: amount otherwise taxed
  959. 3Paragraph 3 Repealed
  960. Exception: transfer by way of security
  961. 4Paragraph 4 Repealed
  962. Partnership shares
  963. 5Paragraph 5 Repealed
  964. Interpretation
  965. 6Paragraph 6 Repealed
  966. Part 2: Non-corporate transferors
  967. 7Paragraph 7
  968. Part 3: Company transferees
  969. 8Paragraph 8
  970. Part 4: Consequential amendments and repeals
  971. 9Paragraph 9
  972. Part 5: Commencement
  973. 10Paragraph 10
  974. Schedule 26: Certification of SAYE savings arrangements
  975. 1Paragraph 1
  976. Transfer of certain functions from Treasury to HMRC
  977. 2Paragraph 2
  978. 3Paragraph 3
  979. 4Paragraph 4
  980. 5Paragraph 5
  981. Removal of requirement that notice be sent by post
  982. 6Paragraph 6
  983. Reduction of notice period for withdrawals and variations
  984. 7Paragraph 7
  985. Power to provide for withdrawals and variations not to affect certain contracts
  986. 8Paragraph 8
  987. Schedule 27: Remittance basis
  988. Part 1: Amendments of ITA 2007
  989. 1Paragraph 1
  990. 2Paragraph 2
  991. 3Paragraph 3
  992. 4Paragraph 4
  993. 5Paragraph 5
  994. 6Paragraph 6
  995. 7Paragraph 7
  996. 8Paragraph 8
  997. 9Paragraph 9
  998. 10Paragraph 10
  999. 11Paragraph 11
  1000. Part 2: Amendments of other Acts
  1001. TCGA 1992
  1002. 12Paragraph 12
  1003. ITTOIA 2005
  1004. 13Paragraph 13
  1005. FA 2008
  1006. 14Paragraph 14
  1007. Part 3: Commencement
  1008. 15Paragraph 15
  1009. Schedule 28: Taxable benefits: cars
  1010. Introduction
  1011. 1Paragraph 1
  1012. Abolition of “price cap”
  1013. 2Paragraph 2
  1014. 3Paragraph 3
  1015. 4Paragraph 4
  1016. 5Paragraph 5
  1017. Cars with CO2 emissions figures: the appropriate percentage
  1018. 6Paragraph 6 Repealed
  1019. Electrically propelled cars: the appropriate percentage
  1020. 7Paragraph 7 Repealed
  1021. 8Paragraph 8
  1022. Consequential repeal
  1023. 9Paragraph 9 Repealed
  1024. Commencement
  1025. 10Paragraph 10
  1026. Schedule 29: Manufactured overseas dividends Repealed
  1027. Repos Repealed
  1028. 1Paragraph 1 Repealed
  1029. Stock lending Repealed
  1030. 2Paragraph 2 Repealed
  1031. Commencement Repealed
  1032. 3Paragraph 3 Repealed
  1033. Schedule 30: Financial arrangements avoidance
  1034. Interest payments: arrangements appearing very likely to produce post-tax advantage
  1035. 1Paragraph 1
  1036. Amounts not fully recognised for accounting purposes
  1037. 2Paragraph 2
  1038. 3Paragraph 3
  1039. Loan relationships involving connected debtor and creditor where debits exceed credits
  1040. 4Paragraph 4 Repealed
  1041. Credits and debits for manufactured interest
  1042. 5Paragraph 5
  1043. Schedule 31: Sale of lessor companies etc: anti-avoidance Repealed
  1044. Introduction Repealed
  1045. 1Paragraph 1 Repealed
  1046. Paragraph 6 Repealed
  1047. 2Paragraph 2 Repealed
  1048. Paragraph 7 Repealed
  1049. 3Paragraph 3 Repealed
  1050. Paragraph 7A Repealed
  1051. 4Paragraph 4 Repealed
  1052. Paragraph 17 Repealed
  1053. 5Paragraph 5 Repealed
  1054. Paragraph 17A Repealed
  1055. 6Paragraph 6 Repealed
  1056. Paragraph 22 Repealed
  1057. 7Paragraph 7 Repealed
  1058. Paragraph 40 Repealed
  1059. 8Paragraph 8 Repealed
  1060. Paragraph 41 Repealed
  1061. 9Paragraph 9 Repealed
  1062. Paragraph 42 Repealed
  1063. 10Paragraph 10 Repealed
  1064. Consequential repeal Repealed
  1065. 11Paragraph 11 Repealed
  1066. Commencement Repealed
  1067. 12Paragraph 12 Repealed
  1068. Schedule 32: Leases of plant or machinery
  1069. Disposal values: commencement of long funding finance leases
  1070. 1Paragraph 1
  1071. 2Paragraph 2
  1072. 3Paragraph 3
  1073. 4Paragraph 4
  1074. 5Paragraph 5
  1075. Disposal values: termination etc of long funding leases
  1076. 6Paragraph 6
  1077. 7Paragraph 7
  1078. 8Paragraph 8
  1079. Capital receipts treated as income
  1080. 9Paragraph 9 Repealed
  1081. 10Paragraph 10 Repealed
  1082. 11Paragraph 11 Repealed
  1083. Transfer and long funding leaseback: restrictions on lessee's allowances
  1084. 12Paragraph 12
  1085. 13Paragraph 13
  1086. 14Paragraph 14
  1087. 15Paragraph 15
  1088. 16Paragraph 16
  1089. 17Paragraph 17
  1090. Transfer followed by hire-purchase etc: restrictions on hirer's allowances
  1091. 18Paragraph 18
  1092. 19Paragraph 19
  1093. 20Paragraph 20
  1094. 21Paragraph 21
  1095. 22Paragraph 22
  1096. Finance leaseback
  1097. 23Paragraph 23
  1098. 24Paragraph 24
  1099. 25Paragraph 25
  1100. 26Paragraph 26
  1101. Interpretation
  1102. 27Paragraph 27
  1103. Schedule 33: Long funding leases of films
  1104. 1Paragraph 1 Repealed
  1105. 2Paragraph 2
  1106. 3Paragraph 3
  1107. 4Paragraph 4
  1108. 5Paragraph 5
  1109. 6Paragraph 6
  1110. 7Paragraph 7
  1111. 8Paragraph 8
  1112. 9Paragraph 9
  1113. Schedule 34: Real Estate Investment Trusts Repealed
  1114. Introduction Repealed
  1115. 1Paragraph 1 Repealed
  1116. Property rental business Repealed
  1117. 2Paragraph 2 Repealed
  1118. Conditions for company Repealed
  1119. 3Paragraph 3 Repealed
  1120. Conditions for balance of business Repealed
  1121. 4Paragraph 4 Repealed
  1122. Entry notice: conditions for company Repealed
  1123. 5Paragraph 5 Repealed
  1124. Profit: financing-cost ratio Repealed
  1125. 6Paragraph 6 Repealed
  1126. Funds awaiting re-investment Repealed
  1127. 7Paragraph 7 Repealed
  1128. Connected persons Repealed
  1129. 8Paragraph 8 Repealed
  1130. Schedule 35: Pensions: special annual allowance charge Repealed
  1131. Special annual allowance charge
  1132. 1Paragraph 1
  1133. Calculation of relevant income
  1134. 2Paragraph 2
  1135. Total adjusted pension input amount: general
  1136. 3Paragraph 3
  1137. Total adjusted pension input amount: modifications of sections 229 to 237 of FA 2004
  1138. 4Paragraph 4
  1139. 5Paragraph 5
  1140. Total adjusted pension input amount: modification in cases of avoidance scheme
  1141. 6Paragraph 6
  1142. Protected pension input amounts: general
  1143. 7Paragraph 7
  1144. Protected pension input amounts: existing defined benefits arrangements
  1145. 8Paragraph 8
  1146. Protected pension input amounts: existing cash balance arrangements
  1147. 9Paragraph 9
  1148. Protected pension input amounts: other existing money purchase arrangements under occupational and public service pension schemes
  1149. 10Paragraph 10
  1150. Protected pension input amounts: other existing money purchase arrangements under other pension schemes
  1151. 11Paragraph 11
  1152. Protected pension input amounts: existing hybrid arrangements
  1153. 12Paragraph 12
  1154. Protected pension input amounts: new and re-activated arrangements
  1155. 13Paragraph 13
  1156. Protected pension input amounts: contribution paid in accordance with agreement entered into on or before 22 April 2009
  1157. 13AParagraph 13A
  1158. Protected pension input amounts: anti-avoidance
  1159. 14Paragraph 14
  1160. Relevant refunded amounts
  1161. 15Paragraph 15
  1162. Pre-22 April 2009 pension input amount
  1163. 16Paragraph 16
  1164. Increased special annual allowance
  1165. 17Paragraph 17
  1166. Taxation of contributions refund lump sums
  1167. 18Paragraph 18
  1168. Power to amend
  1169. 19Paragraph 19
  1170. Currently-relieved non-UK pension schemes
  1171. 20Paragraph 20
  1172. Tax years to which Schedule applies
  1173. 21Paragraph 21
  1174. Minor amendment
  1175. 22Paragraph 22
  1176. Interpretation
  1177. 23Paragraph 23
  1178. Schedule 36: VAT: place of supply of services etc
  1179. Part 1: Amendments coming into force in 2010
  1180. 1Paragraph 1
  1181. 2Paragraph 2
  1182. 3Paragraph 3
  1183. 4Paragraph 4
  1184. 5Paragraph 5
  1185. 6Paragraph 6
  1186. 7Paragraph 7
  1187. 8Paragraph 8
  1188. 9Paragraph 9
  1189. 10Paragraph 10
  1190. 11Paragraph 11
  1191. 12Paragraph 12
  1192. 13Paragraph 13
  1193. 14Paragraph 14
  1194. Part 2: Amendments coming into force in 2011
  1195. Admission to cultural, educational and entertainment activities etc
  1196. 15Paragraph 15
  1197. 16Paragraph 16
  1198. Part 3: Amendments coming into force in 2013
  1199. 17Paragraph 17
  1200. 18Paragraph 18
  1201. Part 4: Transitional provisions
  1202. 19Paragraph 19
  1203. Schedule 37: Stock lending: stamp taxes in the event of insolvency
  1204. Part 1: Stamp duty
  1205. 1Paragraph 1
  1206. 2Paragraph 2
  1207. 3Paragraph 3
  1208. Part 2: Stamp duty reserve tax
  1209. 4Paragraph 4
  1210. 5Paragraph 5
  1211. Schedule 38: Capital allowances for oil decommissioning expenditure
  1212. 1Paragraph 1
  1213. 2Paragraph 2
  1214. 3Paragraph 3
  1215. 4Paragraph 4
  1216. 5Paragraph 5
  1217. Schedule 39: PRT: blended oil
  1218. 1Paragraph 1
  1219. 2Paragraph 2
  1220. 3Paragraph 3
  1221. 4Paragraph 4
  1222. Schedule 40: Oil: chargeable gains
  1223. Part 1: Licence swaps
  1224. 1Paragraph 1
  1225. 2Paragraph 2
  1226. 3Paragraph 3
  1227. 4Paragraph 4
  1228. 5Paragraph 5
  1229. 6Paragraph 6
  1230. 7Paragraph 7
  1231. 8Paragraph 8
  1232. Part 2: Reinvestment of ring fence assets
  1233. Amendment of TCGA 1992
  1234. 9Paragraph 9
  1235. Roll-over relief
  1236. 10Paragraph 10
  1237. Alternative to roll-over relief
  1238. 11Paragraph 11
  1239. 12Paragraph 12
  1240. 13Paragraph 13
  1241. Schedule 41: Oil assets put to other uses
  1242. Part 1: Petroleum revenue tax
  1243. Allowance of decommissioning and restoration expenditure
  1244. 1Paragraph 1
  1245. Amounts which are not chargeable tariff receipts
  1246. 2Paragraph 2
  1247. No reduction of allowable expenditure
  1248. 3Paragraph 3
  1249. Commencement
  1250. 4Paragraph 4
  1251. Part 2: Capital allowances
  1252. General decommissioning expenditure
  1253. 5Paragraph 5
  1254. 6Paragraph 6
  1255. Commencement
  1256. 7Paragraph 7
  1257. Schedule 42: PRT: former licensees and former oil fields
  1258. Part 1: Persons who cease to be licensees because of cessation events
  1259. 1Paragraph 1
  1260. 2Paragraph 2
  1261. 3Paragraph 3
  1262. 4Paragraph 4
  1263. Part 2: Areas treated as continuing to be oil fields
  1264. 5Paragraph 5
  1265. 6Paragraph 6
  1266. 7Paragraph 7
  1267. 8Paragraph 8
  1268. Schedule 43: PRT: abolition of provisional expenditure allowance
  1269. Interpretation
  1270. 1Paragraph 1
  1271. Abolition of allowance
  1272. 2Paragraph 2
  1273. Amendments consequential on abolition
  1274. 3Paragraph 3
  1275. Savings
  1276. 4Paragraph 4
  1277. Schedule 44: Supplementary charge: reduction for certain new oil fields
  1278. Part 1: Reduction of adjusted ring fence profits Repealed
  1279. 1Paragraph 1 Repealed
  1280. Part 2: Pool of field allowances Repealed
  1281. Company's pool of field allowances Repealed
  1282. 2Paragraph 2 Repealed
  1283. Carrying part of pool of field allowances into following period Repealed
  1284. 3Paragraph 3 Repealed
  1285. Carrying whole of pool of field allowances into following period Repealed
  1286. 4Paragraph 4 Repealed
  1287. Part 3: Field allowance: when held and unactivated amount Repealed
  1288. Initial licensee to hold a field allowance Repealed
  1289. 5Paragraph 5 Repealed
  1290. Holding a field allowance on acquisition of equity share Repealed
  1291. 6Paragraph 6 Repealed
  1292. Unactivated amount of a field allowance Repealed
  1293. 7Paragraph 7 Repealed
  1294. Part 4: No change in equity share: activation of allowance Repealed
  1295. Introduction Repealed
  1296. 8Paragraph 8 Repealed
  1297. Activation of field allowance Repealed
  1298. 9Paragraph 9 Repealed
  1299. Part 5: Change in equity share: activation of allowance Repealed
  1300. Introduction Repealed
  1301. 10Paragraph 10 Repealed
  1302. Reference periods Repealed
  1303. 11Paragraph 11 Repealed
  1304. Activation of field allowance Repealed
  1305. 12Paragraph 12 Repealed
  1306. Part 6: Change in equity share: transfer of field allowance Repealed
  1307. Introduction Repealed
  1308. 13Paragraph 13 Repealed
  1309. Reduction of field allowance if equity disposed of Repealed
  1310. 14Paragraph 14 Repealed
  1311. Acquisition of field allowance if equity acquired Repealed
  1312. 15Paragraph 15 Repealed
  1313. Part 7: Miscellaneous Repealed
  1314. Adjustments Repealed
  1315. 16Paragraph 16 Repealed
  1316. Orders Repealed
  1317. 17Paragraph 17 Repealed
  1318. Part 8: Interpretation Repealed
  1319. New oil fields Repealed
  1320. 18Paragraph 18 Repealed
  1321. Authorising development Repealed
  1322. 19Paragraph 19 Repealed
  1323. Qualifying oil fields Repealed
  1324. 20Paragraph 20 Repealed
  1325. Small oil field Repealed
  1326. 21Paragraph 21 Repealed
  1327. Ultra heavy oil field Repealed
  1328. 22Paragraph 22 Repealed
  1329. Ultra high pressure/high temperature oil field Repealed
  1330. 23Paragraph 23 Repealed
  1331. Total field allowance for new oil field Repealed
  1332. 24Paragraph 24 Repealed
  1333. Other interpretation Repealed
  1334. 25Paragraph 25 Repealed
  1335. Schedule 45: Oil: miscellaneous amendments
  1336. OTA 1975
  1337. 1Paragraph 1
  1338. OTA 1983
  1339. 2Paragraph 2
  1340. FA 1993
  1341. 3Paragraph 3
  1342. ICTA
  1343. 4Paragraph 4 Repealed
  1344. Schedule 46: Duties of senior accounting officers of qualifying companies
  1345. Main duty of senior accounting officer
  1346. 1Paragraph 1
  1347. Certificate for Commissioners
  1348. 2Paragraph 2
  1349. Notifying Commissioners of name of senior accounting officer
  1350. 3Paragraph 3
  1351. Penalty for failure to comply with main duty
  1352. 4Paragraph 4
  1353. Penalties for failure to provide certificate etc
  1354. 5Paragraph 5
  1355. More than one senior accounting officer
  1356. 6Paragraph 6
  1357. Penalty for failure to notify Commissioners of name of senior accounting officer
  1358. 7Paragraph 7
  1359. Reasonable excuse
  1360. 8Paragraph 8
  1361. Assessment of penalties
  1362. 9Paragraph 9
  1363. Appeal
  1364. 10Paragraph 10
  1365. Enforcement of penalties
  1366. 11Paragraph 11
  1367. Power to change amount of penalties
  1368. 12Paragraph 12
  1369. Application of provisions of TMA 1970
  1370. 13Paragraph 13
  1371. Meaning of “appropriate tax accounting arrangements”
  1372. 14Paragraph 14
  1373. Meaning of “qualifying company”
  1374. 15Paragraph 15
  1375. Meaning of “senior accounting officer”
  1376. 16Paragraph 16
  1377. Regulations
  1378. 17Paragraph 17
  1379. Other definitions
  1380. 18Paragraph 18
  1381. Schedule 47: Amendment of information and inspection powers
  1382. 1Paragraph 1
  1383. 2Paragraph 2
  1384. 3Paragraph 3
  1385. 4Paragraph 4
  1386. 5Paragraph 5
  1387. 6Paragraph 6
  1388. 7Paragraph 7
  1389. 8Paragraph 8
  1390. 9Paragraph 9
  1391. 10Paragraph 10
  1392. 11Paragraph 11
  1393. 12Paragraph 12
  1394. 13Paragraph 13
  1395. 14Paragraph 14
  1396. 15Paragraph 15
  1397. 16Paragraph 16
  1398. 17Paragraph 17
  1399. 18Paragraph 18
  1400. 19Paragraph 19
  1401. 20Paragraph 20
  1402. 21Paragraph 21
  1403. 22Paragraph 22
  1404. Schedule 48: Extension of information and inspection powers
  1405. 1Paragraph 1
  1406. 2Paragraph 2
  1407. 3Paragraph 3
  1408. 4Paragraph 4
  1409. 5Paragraph 5
  1410. 6Paragraph 6
  1411. 7Paragraph 7
  1412. 8Paragraph 8
  1413. 9Paragraph 9
  1414. 10Paragraph 10
  1415. 11Paragraph 11
  1416. 12Paragraph 12
  1417. 13Paragraph 13
  1418. 14Paragraph 14
  1419. 15Paragraph 15
  1420. Schedule 49: Powers to obtain contact details for debtors
  1421. Requirement for contact details for debtor
  1422. 1Paragraph 1
  1423. Power to obtain details
  1424. 2Paragraph 2
  1425. Complying with notices
  1426. 3Paragraph 3
  1427. Right to appeal
  1428. 4Paragraph 4
  1429. Penalty
  1430. 5Paragraph 5
  1431. Power to change amount of penalty
  1432. 6Paragraph 6
  1433. Application of provisions of TMA 1970
  1434. 7Paragraph 7
  1435. General interpretation
  1436. 8Paragraph 8
  1437. Schedule 50: Record-keeping
  1438. Insurance premium tax
  1439. 1Paragraph 1
  1440. 2Paragraph 2
  1441. Stamp duty land tax
  1442. 3Paragraph 3
  1443. 4Paragraph 4
  1444. 5Paragraph 5
  1445. 6Paragraph 6
  1446. 7Paragraph 7
  1447. 8Paragraph 8
  1448. 9Paragraph 9
  1449. 10Paragraph 10
  1450. 11Paragraph 11
  1451. 12Paragraph 12
  1452. 13Paragraph 13
  1453. 14Paragraph 14
  1454. Aggregates levy
  1455. 15Paragraph 15
  1456. 16Paragraph 16
  1457. 17Paragraph 17
  1458. Climate change levy
  1459. 18Paragraph 18
  1460. 19Paragraph 19
  1461. 20Paragraph 20
  1462. Landfill tax
  1463. 21Paragraph 21
  1464. Schedule 51: Time limits for assessments, claims etc
  1465. Insurance premium tax
  1466. 1Paragraph 1
  1467. 2Paragraph 2
  1468. 3Paragraph 3
  1469. 4Paragraph 4
  1470. Inheritance tax
  1471. 5Paragraph 5
  1472. 6Paragraph 6
  1473. 7Paragraph 7
  1474. 8Paragraph 8
  1475. 9Paragraph 9
  1476. 10Paragraph 10
  1477. 11Paragraph 11
  1478. 12Paragraph 12
  1479. 13Paragraph 13
  1480. Stamp duty land tax
  1481. 14Paragraph 14
  1482. 15Paragraph 15
  1483. 16Paragraph 16
  1484. Petroleum revenue tax
  1485. 17Paragraph 17
  1486. 18Paragraph 18
  1487. 19Paragraph 19
  1488. 20Paragraph 20
  1489. 21Paragraph 21
  1490. 22Paragraph 22
  1491. 23Paragraph 23
  1492. 24Paragraph 24
  1493. 25Paragraph 25
  1494. 26Paragraph 26
  1495. Aggregates levy
  1496. 27Paragraph 27
  1497. 28Paragraph 28
  1498. 29Paragraph 29
  1499. 30Paragraph 30
  1500. 31Paragraph 31
  1501. Climate change levy
  1502. 32Paragraph 32
  1503. 33Paragraph 33
  1504. 34Paragraph 34
  1505. 35Paragraph 35
  1506. 36Paragraph 36
  1507. Landfill tax
  1508. 37Paragraph 37
  1509. 38Paragraph 38
  1510. 39Paragraph 39
  1511. 40Paragraph 40
  1512. Minor and consequential provision
  1513. 41Paragraph 41
  1514. 42Paragraph 42
  1515. 43Paragraph 43
  1516. Schedule 52: Recovery of overpaid tax etc
  1517. Part 1: Income tax and capital gains tax
  1518. Claims for recovery of overpaid tax etc
  1519. 1Paragraph 1
  1520. 2Paragraph 2
  1521. Consequential amendments
  1522. 3Paragraph 3
  1523. 4Paragraph 4
  1524. 5Paragraph 5
  1525. 6Paragraph 6
  1526. 7Paragraph 7
  1527. 8Paragraph 8
  1528. 9Paragraph 9
  1529. Transitional provision
  1530. 10Paragraph 10
  1531. Saving for petroleum revenue tax
  1532. 11Paragraph 11 Repealed
  1533. Part 2: Corporation tax
  1534. Claims for recovery of overpaid tax etc
  1535. 12Paragraph 12
  1536. 13Paragraph 13
  1537. 14Paragraph 14
  1538. 15Paragraph 15
  1539. 16Paragraph 16
  1540. Consequential amendment
  1541. 17Paragraph 17
  1542. Schedule 53: Late payment interest
  1543. Part 1: Special provision: amount carrying late payment interest
  1544. Payments on account and balancing payment
  1545. 1Paragraph 1
  1546. Payments on account and overpayment
  1547. 2Paragraph 2
  1548. Part 2: Special provision: late payment interest start date
  1549. Amendments and discovery assessments etc
  1550. 3Paragraph 3
  1551. Amounts postponed pending appeal under TMA 1970
  1552. 4Paragraph 4
  1553. Overpayment of tax
  1554. 5Paragraph 5
  1555. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1556. 6Paragraph 6 Repealed
  1557. Inheritance tax payable by instalments
  1558. 7Paragraph 7
  1559. Certain other amounts of inheritance tax
  1560. 8Paragraph 8
  1561. 9Paragraph 9
  1562. VAT due from persons not registered as required
  1563. 10Paragraph 10
  1564. Unauthorised VAT invoices
  1565. 11Paragraph 11
  1566. VAT due after excess payment or credit from HMRC
  1567. 11ZAParagraph 11ZA
  1568. Soft drinks industry levy due from unregistered persons
  1569. 11CParagraph 11C
  1570. Plastic packaging tax due from unregistered persons
  1571. 11DParagraph 11D
  1572. Death of taxpayer
  1573. 12Paragraph 12
  1574. Part 3: Special provision: date to which late payment interest runs
  1575. Deduction of income tax at source
  1576. 13Paragraph 13
  1577. Property accepted in lieu of inheritance tax
  1578. 14Paragraph 14
  1579. Part 4: Effect of interest on reliefs
  1580. 15Paragraph 15
  1581. 16Paragraph 16
  1582. Schedule 54: Repayment interest
  1583. Part 1: Repayment interest start date: general rule
  1584. Introductory
  1585. 1Paragraph 1
  1586. Repayment of amounts paid to HMRC
  1587. 2Paragraph 2
  1588. 3Paragraph 3
  1589. 4Paragraph 4
  1590. Payment of amounts on return or claim
  1591. 5Paragraph 5
  1592. Part 2: Special provision as to repayment interest start date
  1593. Income tax deducted at source
  1594. 6Paragraph 6
  1595. Carry back of losses and averaging
  1596. 7Paragraph 7
  1597. MIRAS
  1598. 8Paragraph 8
  1599. Income accumulated under certain trusts
  1600. 9Paragraph 9
  1601. Tax on payments out of discretionary trust taxable as employment income
  1602. 9AParagraph 9A
  1603. Payments in connection with life assurance premium relief
  1604. 9DParagraph 9D
  1605. Certain amounts of inheritance tax
  1606. 10Paragraph 10
  1607. 11Paragraph 11
  1608. 12Paragraph 12
  1609. VAT payments on account
  1610. 12CParagraph 12C
  1611. Part 2A: VAT: special provision as to period for which amount carries interest
  1612. 12DParagraph 12D
  1613. 12EParagraph 12E
  1614. Part 3: Supplementary
  1615. Attribution of repayments
  1616. 13Paragraph 13
  1617. Interpretation
  1618. 14Paragraph 14
  1619. Schedule 54A: Further provision as to late payment interest and repayment interest
  1620. Part 1: CORPORATION TAX
  1621. Certain amounts of repayment interest recoverable as late payment interest
  1622. 1Paragraph 1
  1623. 2Paragraph 2
  1624. Common period rule for corporation tax
  1625. 3Paragraph 3
  1626. 4Paragraph 4
  1627. Part 2: Value added tax
  1628. Interpretation
  1629. 5Paragraph 5
  1630. Certain amounts of repayment interest recoverable as late payment interest
  1631. 6Paragraph 6
  1632. 7Paragraph 7
  1633. Common period rules for value added tax
  1634. 8Paragraph 8
  1635. Schedule 55: Penalty for failure to make returns etc
  1636. Penalty for failure to make returns etc
  1637. 1Paragraph 1
  1638. Amount of penalty: occasional returns and annual returnsAmount of penalty: occasional returns and returns for periods of 6 months or more
  1639. 2Paragraph 2
  1640. 3Paragraph 3
  1641. 4Paragraph 4
  1642. 5Paragraph 5
  1643. 6Paragraph 6
  1644. 6AParagraph 6A
  1645. 6AAParagraph 6AA
  1646. 6ABParagraph 6AB
  1647. Amount of penalty: real time information for PAYE and apprenticeship levy
  1648. 6BParagraph 6B
  1649. 6CParagraph 6C
  1650. 6DParagraph 6D
  1651. Amount of penalty: CIS returns
  1652. 7Paragraph 7
  1653. 8Paragraph 8
  1654. 9Paragraph 9
  1655. 10Paragraph 10
  1656. 11Paragraph 11
  1657. 12Paragraph 12
  1658. 13Paragraph 13
  1659. Amount of penalty: returns for periods of between 2 and 6 months
  1660. 13AParagraph 13A
  1661. 13BParagraph 13B
  1662. 13CParagraph 13C
  1663. 13DParagraph 13D
  1664. 13EParagraph 13E
  1665. Amount of penalty: returns for periods of 2 months or less
  1666. 13FParagraph 13F
  1667. 13GParagraph 13G
  1668. 13HParagraph 13H
  1669. 13IParagraph 13I
  1670. 13JParagraph 13J
  1671. Reductions for disclosure
  1672. 14Paragraph 14
  1673. 15Paragraph 15
  1674. 15AParagraph 15A
  1675. Special reduction
  1676. 16Paragraph 16
  1677. Interaction with other penalties and late payment surcharges
  1678. 17Paragraph 17
  1679. Cancellation of penalty
  1680. 17AParagraph 17A
  1681. 17BParagraph 17B
  1682. Assessment
  1683. 18Paragraph 18
  1684. 19Paragraph 19
  1685. Appeal
  1686. 20Paragraph 20
  1687. 21Paragraph 21
  1688. 22Paragraph 22
  1689. Reasonable excuse
  1690. 23Paragraph 23
  1691. Determination of penalty geared to tax liability where no return made
  1692. 24Paragraph 24
  1693. Partnerships
  1694. 25Paragraph 25
  1695. Double jeopardy
  1696. 26Paragraph 26
  1697. Interpretation
  1698. 27Paragraph 27
  1699. Schedule 56: Penalty for failure to make payments on time
  1700. Penalty for failure to pay tax
  1701. 1Paragraph 1
  1702. Assessments and determinations in default of return
  1703. 2Paragraph 2
  1704. Different penalty date for certain PAYE payments
  1705. 2AParagraph 2A
  1706. Amount of penalty: occasional amounts and amounts in respect of periods of 6 months or more
  1707. 3Paragraph 3
  1708. 4Paragraph 4
  1709. Amount of penalty: PAYE and CIS amounts etc.
  1710. 5Paragraph 5
  1711. 6Paragraph 6
  1712. 7Paragraph 7
  1713. 8Paragraph 8
  1714. Amount of penalty: amounts in respect of periods of between 2 and 6 months
  1715. 8AParagraph 8A
  1716. 8BParagraph 8B
  1717. 8CParagraph 8C
  1718. 8DParagraph 8D
  1719. 8EParagraph 8E
  1720. Amount of penalty: amounts in respect of periods of 2 months or less
  1721. 8FParagraph 8F
  1722. 8GParagraph 8G
  1723. 8HParagraph 8H
  1724. 8IParagraph 8I
  1725. 8JParagraph 8J
  1726. Calculation of unpaid VAT: treatment of payments on account
  1727. 8KParagraph 8K
  1728. Special reduction
  1729. 9Paragraph 9
  1730. Interaction with other penalties and late payment surcharges
  1731. 9AParagraph 9A
  1732. Suspension of penalty during currency of agreement for deferred payment
  1733. 10Paragraph 10
  1734. Assessment
  1735. 11Paragraph 11
  1736. 12Paragraph 12
  1737. Appeal
  1738. 13Paragraph 13
  1739. 14Paragraph 14
  1740. 15Paragraph 15
  1741. Reasonable excuse
  1742. 16Paragraph 16
  1743. Double jeopardy
  1744. 17Paragraph 17
  1745. Interpretation
  1746. 18Paragraph 18
  1747. Schedule 57: Amendments relating to penalties
  1748. Part 1: Amendments of Schedule 24 to FA 2007
  1749. 1Paragraph 1
  1750. 2Paragraph 2
  1751. 3Paragraph 3
  1752. 4Paragraph 4
  1753. 5Paragraph 5
  1754. 6Paragraph 6
  1755. 7Paragraph 7
  1756. 8Paragraph 8
  1757. 9Paragraph 9
  1758. Part 2: Amendments of Schedule 41 to FA 2008
  1759. 10Paragraph 10
  1760. 11Paragraph 11
  1761. 12Paragraph 12
  1762. Part 3: Other amendments
  1763. 13Paragraph 13
  1764. 14Paragraph 14
  1765. Schedule 58: Recovery of debts under PAYE regulations
  1766. PAYE regulations
  1767. 1Paragraph 1
  1768. 2Paragraph 2
  1769. 3Paragraph 3
  1770. 4Paragraph 4
  1771. 5Paragraph 5
  1772. 6Paragraph 6
  1773. 7Paragraph 7
  1774. Consequential provision
  1775. 8Paragraph 8
  1776. 9Paragraph 9
  1777. 10Paragraph 10
  1778. Schedule 59: Climate change levy: removal of reduced rate
  1779. Part 1: New provision for removal of reduced rate
  1780. 1Paragraph 1
  1781. Part 2: Consequential amendments
  1782. 2Paragraph 2
  1783. 3Paragraph 3
  1784. 4Paragraph 4
  1785. 5Paragraph 5
  1786. 6Paragraph 6
  1787. 7Paragraph 7
  1788. 8Paragraph 8
  1789. 9Paragraph 9
  1790. Schedule 60: Landfill tax: prescribed landfill site activities
  1791. Introduction
  1792. 1Paragraph 1
  1793. Prescribed landfill site activities to be treated as disposals
  1794. 2Paragraph 2
  1795. 3Paragraph 3
  1796. Material temporarily held
  1797. 4Paragraph 4
  1798. Material at landfill sites
  1799. 5Paragraph 5
  1800. 6Paragraph 6
  1801. 7Paragraph 7
  1802. 8Paragraph 8
  1803. 9Paragraph 9
  1804. Site restoration
  1805. 10Paragraph 10
  1806. 11Paragraph 11
  1807. Landfill tax returns
  1808. 12Paragraph 12
  1809. Commencement and savings
  1810. 13Paragraph 13
  1811. Schedule 61: Alternative finance investment bonds
  1812. Part 1: Introductory
  1813. Interpretation
  1814. 1Paragraph 1
  1815. Part 2: Issue, transfer and redemption of rights under arrangements
  1816. Issue, transfer and redemption of rights under bond not be treated as chargeable transaction
  1817. 2Paragraph 2
  1818. Relief not available where bond-holder acquires control of underlying asset
  1819. 3Paragraph 3
  1820. 4Paragraph 4
  1821. Part 3: Transactions relating to underlying assets consisting of land
  1822. Chapter: Introductory
  1823. General conditions for operation of reliefs etc
  1824. 5Paragraph 5
  1825. Chapter: Stamp duty land tax
  1826. Relief from stamp duty land tax: first transaction
  1827. 6Paragraph 6
  1828. 7Paragraph 7
  1829. Relief from stamp duty land tax: second transaction
  1830. 8Paragraph 8
  1831. Discharge of charge when conditions for relief met
  1832. 9Paragraph 9
  1833. Chapter: Taxation of capital gains
  1834. Relief from taxation of capital gains: first transaction
  1835. 10Paragraph 10
  1836. 11Paragraph 11
  1837. Relief from taxation of capital gains: second transaction
  1838. 12Paragraph 12
  1839. Chapter: Capital allowances
  1840. Introductory
  1841. 13Paragraph 13
  1842. Treatment for purposes of capital allowances
  1843. 14Paragraph 14
  1844. Loss or destruction of asset
  1845. 15Paragraph 15
  1846. Q retaining asset when no longer held for purposes of bond
  1847. 16Paragraph 16
  1848. Q transferring asset to third person
  1849. 17Paragraph 17
  1850. Chapter: Supplementary
  1851. Substitution of asset
  1852. 18Paragraph 18
  1853. HMRC to notify Registrar of discharge of charge
  1854. 19Paragraph 19
  1855. Relief not available where bond-holder acquires control of underlying asset
  1856. 20Paragraph 20
  1857. 21Paragraph 21
  1858. Relief not available if purpose of arrangements is improper
  1859. 22Paragraph 22
  1860. Regulations
  1861. 23Paragraph 23
  1862. Part 4: Supplementary
  1863. Consequential amendments of FA 2003
  1864. 24Paragraph 24
  1865. 25Paragraph 25
  1866. 26Paragraph 26
  1867. Consequential amendments of FA 2005
  1868. 27Paragraph 27 Repealed
  1869. Consequential amendment of CTA 2009
  1870. 28Paragraph 28
  1871. Commencement
  1872. 29Paragraph 29