Finance Act 2014
2014 c. 26 · Enacted 17 July 2014 · Extends to United Kingdom
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
- Part 1: Income tax, corporation tax and capital gains tax
- Chapter 1: Charge, rates etc
- Income tax
- 1Charge, rates, basic rate limit and personal allowance for 2014-15
- 2Basic rate limit for 2015-16 and personal allowances from 2015
- 3The starting rate for savings and the savings rate limit
- 4Indexation of limits and allowances under ITA 2007
- Corporation tax
- 5Charge for financial year 2015
- 6Small profits rate and fractions for financial year 2014
- 7Rates for ring fence profits and abolition of small profits rate for non-ring fence profits
- Capital gains tax
- 8Annual exempt amount for 2014-15
- 9Annual exempt amount for 2015-16 onwards
- Capital allowances
- 10Temporary increase in annual investment allowance
- Chapter 2: Income tax: general
- Exemptions and reliefs
- 11Tax relief for married couples and civil partners
- 12Recommended medical treatment
- 13Relief for loan interest: loan to buy interest in close company
- 14Relief for loan interest: loan to buy interest in employee-controlled company
- Other provisions
- 15Restrictions on remittance basis
- 16Treatment of agency workers
- 17Recovery under PAYE regulations from certain company officers
- 18Employment intermediaries: information powers and related penalties
- 19Payments by employer on account of tax where deduction not possible
- 20PAYE obligations of UK intermediary in cases involving non-UK employer
- 21Oil and gas workers on the continental shelf: operation of PAYE
- 22Threshold for benefit of loan to be treated as earnings
- 23Taxable benefits: cars, vans and related benefits
- 24Cars: the appropriate percentage
- 25Cars and vans: payments for private use
- Chapter 3: Corporation tax: general
- 26Release of debts: stabilisation powers under Banking Act 2009
- 27Holdings treated as rights under loan relationships
- 28De-grouping charges (loan relationships etc)
- 29Disguised distribution arrangements involving derivative contracts
- 30Avoidance schemes involving the transfer of corporate profits
- 31R&D tax credits for small or medium-sized enterprises
- 32Film tax relief
- 33Television tax relief: activities to be treated as separate trade
- 34Video games development
- 35Community amateur sports clubs
- 36Tax relief for theatrical production
- 37Changes in company ownership
- 38Transfer of deductions: research and development allowances
- 39Tax treatment of financing costs and income Repealed
- 40Determination of beneficial entitlement for purposes of group relief
- Chapter 4: Other provisions
- Pensions
- 41Pension flexibility: drawdown
- 42Pension flexibility: taking low-value pension rights as lump sum
- 43Pension flexibility: further amendments
- 44Transitional provision for new standard lifetime allowance for 2014-15 etc
- 45Taxable specific income: effect on pension input amount for non-UK schemes
- 46Pension schemes
- Sporting events
- 47Glasgow Grand Prix
- 48Major sporting events: power to provide for tax exemptions
- Employee share schemes
- 49Share incentive plans: increases in maximum annual awards etc
- 50Share incentive plans: power to adjust maximum annual awards etc
- 51Employee share schemes
- 52Employment-related securities etc
- Investment reliefs
- 53Venture capital trusts
- 54Removing time limit on seed enterprise investment scheme relief
- 55Removing time limit on CGT relief in respect of re-investment under SEIS
- 56Exclusion of incentivised electricity or heat generation activities
- Social investment relief
- 57Relief for investments in social enterprises
- Capital gains
- 58Relief on disposal of private residence
- 59Remittance basis and split year treatment
- 60Termination of life interest and death of life tenant: disabled persons
- 61Capital gains roll-over relief: relevant classes of assets
- 62Capital gains roll-over relief: intangible fixed assets
- 63Avoidance involving losses
- Capital allowances
- 64Extension of capital allowances
- 65General Block Exemption Regulation
- 66Business premises renovation allowances
- 67Mineral extraction allowances: activities not within charge to tax
- 68Mineral extraction allowances: expenditure on planning permission
- Oil and gas
- 69Extended ring fence expenditure supplement for onshore activities Repealed
- 70Supplementary charge: onshore allowance
- 71Oil and gas: reinvestment after pre-trading disposal
- 72Substantial shareholder exemption: oil and gas
- 73Oil contractor activities: ring-fence trade etc
- Partnerships
- 74Partnerships
- Transfer pricing
- 75Transfer pricing: restriction on claims for compensation adjustments
- Part 2: Excise duties and other taxes
- Alcohol
- 76Rates of alcoholic liquor duties
- Tobacco
- 77Rates of tobacco products duty
- Air passenger duty
- 78Air passenger duty: rates of duty from 1 April 2014
- 79Air passenger duty: rates of duty from 1 April 2015
- 80Air passenger duty: adjustments to Part 3 of Schedule 5A to FA 1994
- Vehicle excise duty
- 81VED rates for light passenger vehicles, light goods vehicles, motorcycles etc
- 82VED rates: rigid goods vehicle with trailers
- 83VED rates: use for exceptional loads, rigid goods vehicles and tractive units
- 84VED: extension of old vehicles exemption from 1 April 2014
- 85VED: extension of old vehicles exemption from 1 April 2015
- 86Abolition of reduced VED rates for meeting reduced pollution requirements
- 87Six month licence: tractive units
- 88Vehicles subject to HGV road user levy: amount of 6 month licence
- 89Payment of vehicle excise duty by direct debit
- 90Definition of “revenue weight”
- 91Vehicle excise and registration: other provisions
- HGV road user levy
- 92HGV road user levy: rates tables
- 93HGV road user levy: disclosure of information by HMRC
- Aggregates levy
- 94Aggregates levy: removal of certain exemptions Repealed
- 95Aggregates levy: power to restore exemptions Repealed
- Climate change levy
- 96Climate change levy: main rates for 2015-16
- 97Climate change levy: carbon price support rates for 2014-15 and 2015-16
- 98Climate change levy: carbon price support rates for 2016-17
- 99Climate change levy: exemptions: mineralogical & metallurgical processes etc
- Landfill tax
- 100Rates of landfill tax
- Excise and customs duties: general
- 101Goods carried as stores
- 102Penalties under section 26 of FA 2003: extension to excise duty
- Value added tax
- 103VAT: special schemes Repealed
- 104VAT: place of belonging
- 105VAT: place of supply orders: disapplication of transitional provision
- 106VAT: supply of services through agents
- 107VAT: refunds to health service bodies
- 108VAT: prompt payment discounts
- Stamp duty land tax and annual tax on enveloped dwellings
- 109ATED: reduction in threshold from 1 April 2015
- 110ATED: further reduction in threshold from 1 April 2016
- 111SDLT: threshold for higher rate applying to certain transactions
- 112SDLT: exercise of collective rights by tenants of flats
- 113SDLT: charities relief
- Stamp duty reserve tax and stamp duty
- 114Abolition of SDRT on certain dealings in collective investment schemes
- 115Abolition of stamp duty and SDRT: securities on recognised growth markets
- 116Temporary statutory effect of House of Commons resolution
- Inheritance tax
- 117Inheritance tax
- Estate duty
- 118Gifts to the nation: estate duty
- Bank levy
- 119Bank levy: rates from 1 January 2014
- 120Bank levy: miscellaneous changes
- Gaming duty
- 121Rates of gaming duty
- ...
- 122Rate of bingo duty Repealed
- 123Exemption from bingo duty: small-scale amusements provided commercially Repealed
- Machine games duty
- 124Rates of machine games duty
- Part 3: General betting duty, pool betting duty and remote gaming duty
- Chapter 1: General betting duty
- The duty
- 125General betting duty
- General , remote and spread bets
- 126General bets
- 127General betting duty charge on general bets
- 127AGeneral betting duty charge on remote bets
- 128Spread bets
- 129General betting duty charge on financial spread bets
- 130General betting duty charge on non-financial spread bets
- 131Ordinary profits
- 132Retained winnings profits
- 133Bet-brokers
- Pool betting on horse and dog races
- 134Chapter 1 pool bets
- 135General betting duty charge on Chapter 1 pool bets
- 136Profits on pooled stake Chapter 1 pool bets
- 137Profits on ordinary Chapter 1 pool bets
- 138Profits on retained winnings on Chapter 1 pool bets
- Stake money and winnings
- 139Chapter 1: stake money
- 140Chapter 1: winnings
- Exchanges
- 141General betting duty charge on betting exchanges
- Payment
- 142Liability to pay
- Chapter 2: Pool betting duty
- 143Chapter 2 pool bets
- 144Pool betting duty charge on Chapter 2 pool bets
- 145Profits on pooled stake Chapter 2 pool bets
- 146Profits on ordinary Chapter 2 pool bets
- 147Profits on retained winnings on Chapter 2 pool bets
- 148Chapter 2: stake money
- 149Chapter 2: winnings
- 150Payments treated as bets
- 151Payment and recovery
- 152Notification of reliance on community benefit exemption
- 153Bets made for community benefit
- Chapter 3: Remote gaming duty
- 154Remote gaming
- 155Remote gaming duty
- 156Profits on pooled prize gaming
- 157Profits on ordinary gaming
- 158Profits on retained prizes
- 159Gaming payments
- 159APlay using the results of successful freeplay
- 160Prizes
- 160APrizes: freeplay
- 161Exemptions
- 162Liability to pay
- Chapter 4: General
- Administration
- 163Administration
- 164Registration
- 165Accounting period
- 166Returns
- 167Payment
- 168Information and records
- 169Stake funds and gaming prize funds
- Security and enforcement
- 170Security for payment
- 171Appointment of UK representative
- 172Security and representatives: review and appeal
- 173Offence of failing to provide security or appoint representative
- 174Fraudulent evasion
- 175Penalties under section 9 of FA 1994
- 176Interest
- 177Suspension and revocation of remote operating licences
- Offences and evidence
- 178Offences by bodies corporate
- 179Protection of officers
- 180Evidence by certificate, etc
- 181Facilities capable of being used in United Kingdom: burden of proof
- Review and appeal
- 182Review and appeal
- Definitions
- 183Bet
- 184Pool betting
- 185Fixed odds
- 186UK person
- 187On-course betting and excluded betting
- 188Gaming
- 189Other definitions
- 190Index
- Supplementary
- 191Amounts not in sterling
- 192Limited liability partnerships
- 193Effect of imposition of duties
- 194Regulations
- 195Notices
- 196Consequential amendments and repeals
- 197Transitional and saving provisions
- 198Commencement and effect
- Part 4: Follower notices and accelerated payments
- Chapter 1: Introduction
- Overview
- 199Overview of Part 4
- Main definitions
- 200“Relevant tax”
- 201“Tax advantage” and “tax arrangements”
- 202“Tax enquiry” and “return”
- 203“Tax appeal”
- Chapter 2: Follower notices
- Giving of follower notices
- 204Circumstances in which a follower notice may be given
- 205“Judicial ruling” and circumstances in which a ruling is “relevant”
- 206Content of a follower notice
- Representations
- 207Representations about a follower notice
- Penalties
- 208Penalty if corrective action not taken in response to follower notice
- 208AAdditional penalty for unreasonable tax appeal
- 209Amount of a section 208 or 208A penalty
- 210Reduction of a section 208 penalty for co-operation
- 211Assessment of a section 208 penalty
- 211AAssessment of a section 208A penalty
- 212Aggregate penalties
- 213Alteration of assessment of a section 208 or 208A penalty
- 214Appeal against a section 208 penalty
- 214AAppeal against a section 208A penalty
- Partners and partnerships
- 215Follower notices: treatment of partners and partnerships
- Appeals out of time
- 216Late appeal against final judicial ruling
- Transitional provision
- 217Transitional provision
- Defined terms
- 218Defined terms used in Chapter 2
- Chapter 3: Accelerated payment
- Accelerated payment notices
- 219Circumstances in which an accelerated payment notice may be given
- 220Content of notice given while a tax enquiry is in progress
- 221Content of notice given pending an appeal
- 222Representations about a notice
- Forms of accelerated payment
- 223Effect of notice given while tax enquiry is in progress: accelerated payment
- 224Restriction on powers to postpone tax payments pending initial appeal
- 225Protection of the revenue pending further appeals
- Prevention of surrender of losses
- 225AEffect of notice: surrender of losses ineffective, etc
- Penalties
- 226Penalty for failure to pay accelerated payment
- Withdrawal etc of accelerated payment notice
- 227Withdrawal, modification or suspension of accelerated payment notice
- Group relief claims after accelerated payment notices
- 227AGroup relief claims after accelerated payment notices
- Partners and partnerships
- 228Accelerated partner payments
- Defined terms
- 229Defined terms used in Chapter 3
- Chapter 4: Miscellaneous and general provision
- Stamp duty land tax and annual tax on enveloped dwellings
- 230Special case: stamp duty land tax
- 231Special case: annual tax on enveloped dwellings
- Extension of Part by order
- 232Extension of this Part by order
- Consequential amendments
- 233Consequential amendments
- Part 5: Promoters of tax avoidance schemes
- Introduction
- 234Meaning of “relevant proposal” and “relevant arrangements”
- 235Carrying on a business “as a promoter”
- 236Meaning of “intermediary”
- Stop notices
- 236APower to give stop notices
- 236BEffect of stop notices
- 236CQuarterly returns
- 236DWithdrawal of stop notices
- 236EAppeal against decision not to withdraw stop notice
- 236FSuspension of stop notice pending appeal
- 236GAutomatic withdrawal of certain stop notices
- 236HPublication
- 236IPublication where stop notice automatically withdrawn
- 236JDisclosure to clients and intermediaries
- 236KNotification of interested persons by HMRC
- Conduct notices
- 237Duty to give conduct notice
- 237ADuty to give conduct notice: defeat of promoted arrangements
- 237BDuty to give further conduct notice where provisional notice not complied with
- 237CWhen a conduct notice given under section 237A(8) is “provisional”
- 237DJudicial ruling upholding asserted tax advantage: effect on conduct notice which is provisional
- 238Contents of a conduct notice
- 239Section 238: supplementary
- 239AConduct notices: transferees
- 240Amendment , withdrawal or reissue of conduct notice
- 241Duration of conduct notice
- Defeat notices
- 241ADefeat notices
- 241BJudicial ruling upholding asserted tax advantage: effect on defeat notice
- Monitoring notices: procedure and publication
- 242Monitoring notices: duty to apply to tribunal
- 243Monitoring notices: tribunal approval
- 244Monitoring notices: content and issuing
- 244AMonitoring notices: transferees
- 245Withdrawal of monitoring notice
- 246Notification of determination under section 245
- 247Appeal against refusal to withdraw monitoring notice
- 248Publication by HMRC
- 249Publication by monitored promoter
- Allocation and distribution of promoter reference number
- 250Allocation of promoter reference number
- 251Duty of monitored promoter to notify clients etc of number
- 252Duty of those notified to notify others of promoter's number
- 253Duty of persons to notify the Commissioners
- Obtaining information and documents
- 254Meaning of “monitored proposal” and “monitored arrangements”
- 255Power to obtain information and documents
- 256Tribunal approval for certain uses of power under section 255
- 257Ongoing duty to provide information following HMRC notice
- 258Duty of person dealing with non-resident monitored promoter
- 259Monitored promoters: duty to provide information about clients
- 260Intermediaries etc: duty to provide information about clients
- 261Enquiry following provision of client information
- 262Information required for monitoring compliance with conduct notice Repealed
- 263Duty to notify HMRC of address
- 264Failure to provide information: application to tribunal
- 265Duty to provide information to monitored promoter
- Obtaining information and documents: appeals
- 266Appeals against notices imposing information etc requirements
- Obtaining information and documents: supplementary
- 267Form and manner of providing information
- 268Production of documents: compliance
- 269Exception for certain documents or information
- 270Limitation on duty to produce documents
- 271Legal professional privilege
- 272Tax advisers
- 272AApplication of Schedule 36 FA 2008 powers
- 273Confidentiality
- Penalties
- 274Penalties
- 275Failure to comply with Part 7 of the Finance Act 2004
- 276Limitation of defence of reasonable care Repealed
- 277Extended time limit for assessment
- Offences
- 277AOffences relating to stop notices
- 277BLiability for offences under section 277A committed by a body
- 278Offence of concealing etc documents
- 279Offence of concealing etc documents following informal notification
- 280Penalties for offences
- Supplemental
- 281Partnerships
- 281AVAT and other indirect taxes
- 282Regulations under this Part
- 283Interpretation of this Part
- Part 6: Other provisions
- Anti-avoidance
- 284Disclosure of tax avoidance schemes: information powers
- Code of Practice on Taxation for Banks
- 285The Code of Practice on Taxation for Banks: HMRC to publish reports
- 286The Code of Practice on Taxation for Banks: “participating” groups or entities
- 287The Code of Practice on Taxation for Banks: operation & breaches of the Code
- 288The Code of Practice on Taxation for Banks: documents relating to the Code
- Offshore funds
- 289Undertakings for collective investment in transferable securities and alternative investment funds
- Employee-ownership trusts
- 290Companies owned by employee-ownership trusts
- Trusts
- 291Trusts with vulnerable beneficiary: meaning of “disabled person”
- International matters
- 292Amounts allowed by way of double taxation relief
- 293Controlled foreign companies: qualifying loan relationships (1)
- 294Controlled foreign companies: qualifying loan relationships (2)
- Financial sector regulation
- 295Tax consequences of financial sector regulation
- Scotland
- 296Scottish basic, higher and additional rates of income tax
- 297Report on administration of the Scottish rate of income tax
- Co-operative societies etc
- 298Co-operative societies etc
- Limitation periods
- 299Removal of limitation period restriction for EU cases
- Local loans
- 300Increase in limit for local loans
- Part 7: Final provisions
- 301Power to update indexes of defined terms
- 302Interpretation
- 303Short title
- Schedule 1: Corporation tax rates
- Part 1: Abolition of small profits rate for non-ring fence profits
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Part 2: Amendments consequential on Part 1 of this Schedule
- Finance Act 1998
- 6Paragraph 6
- Finance Act 2000
- 7Paragraph 7
- Capital Allowances Act 2001
- 8Paragraph 8
- 9Paragraph 9
- Corporation Tax Act 2009
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- Corporation Tax Act 2010
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- Finance Act 2012
- 18Paragraph 18
- Finance Act 2013
- 19Paragraph 19
- 20Paragraph 20
- Part 3: Commencement and transitional provision
- 21Paragraph 21
- 22Paragraph 22
- Schedule 2: Annual investment allowance: transitional provisions etc
- Part 1: Transitional provisions
- Chargeable periods which straddle start date
- 1Paragraph 1
- First straddling period beginning before 1 January 2013
- 2Paragraph 2
- First straddling period beginning on or after 1 January 2013
- 3Paragraph 3
- Chargeable periods which straddle 1 January 2016
- 4Paragraph 4
- Operation of annual investment allowance where restrictions apply
- 5Paragraph 5
- Part 2: Amendments of FA 2013
- 6Paragraph 6
- 7Paragraph 7
- Schedule 3: Restrictions on remittance basis
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- Schedule 4: Tax relief for theatrical production
- Part 1: Amendments of CTA 2009
- 1Paragraph 1
- Part 2: Consequential amendments
- ICTA
- 2Paragraph 2
- FA 1998
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- CAA 2001
- 7Paragraph 7 Repealed
- FA 2007
- 8Paragraph 8
- CTA 2009
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- FA 2009
- 14Paragraph 14
- CTA 2010 Not yet in force
- 15Paragraph 15
- Part 3: Commencement Not yet in force
- 16Paragraph 16
- 17Paragraph 17
- Schedule 5: Pension flexibility: further amendments
- Temporary extension of period by which commencement lump sum may precede pension
- 1Paragraph 1
- Temporary relaxation to allow transfer of pension rights after lump sum paid
- 2Paragraph 2
- Temporary relaxation to allow lump sum to be repaid to pension scheme that paid it
- 3Paragraph 3
- Calculation of “applicable amount” in certain cases
- 4Paragraph 4
- Expected pension commencement lump sums treated as trivial commutation lump sums
- 5Paragraph 5
- Small pot lump sums
- 6Paragraph 6
- Preservation of protected pension age following certain transfers of pension rights
- 7Paragraph 7
- Operation of enhanced protection of pre-6 April 2006 rights to take lump sums
- 8Paragraph 8
- Protected lump sum entitlement following certain transfers of pension rights
- 9Paragraph 9
- 10Paragraph 10
- Reporting obligations
- 11Paragraph 11
- Scheme sanction charges
- 12Paragraph 12
- Power to make further adjustments
- 13Paragraph 13
- 14Paragraph 14
- Commencement
- 15Paragraph 15
- Schedule 6: Transitional provision relating to new standard lifetime allowance for the tax year 2014-15 etc
- Part 1: “Individual protection 2014”
- The protection
- 1Paragraph 1
- Amount A (pre-6 April 2006 pensions in payment)
- 2Paragraph 2
- Amount B (pre-6 April 2014 benefit crystallisation events)
- 3Paragraph 3
- Amount C (uncrystallised rights at end of 5 April 2014 under registered pension schemes)
- 4Paragraph 4
- Amount D (uncrystallised rights at end of 5 April 2014 under relieved non-UK pension schemes)
- 5Paragraph 5
- Interpretation
- 6Paragraph 6
- Part 2: Regulations
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Part 3: Other provision
- Amendment of section 219(5A) of FA 2004
- 10Paragraph 10
- Amendment of section 98 of TMA 1970
- 11Paragraph 11
- Schedule 7: Pension schemes
- Introduction
- 1Paragraph 1
- Registration of pension schemes
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- De-registration of pension schemes
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- Declarations required from person who is to be a scheme administrator
- 9Paragraph 9
- Payments by registered pension schemes: surrender
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- Orders for money etc to be restored to pension schemes
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- Liabilities of trustees appointed by Pensions Regulator etc
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- 20Paragraph 20
- 21Paragraph 21
- 22Paragraph 22
- Other provision
- 23Paragraph 23
- Schedule 8: Employee share schemes
- Part 1: Share incentive plans
- Amendments to Chapter 6 of Part 7 of ITEPA 2003
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- 20Paragraph 20
- 21Paragraph 21
- 22Paragraph 22
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- 26Paragraph 26
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- 30Paragraph 30
- 31Paragraph 31
- 32Paragraph 32
- Other amendments: TCGA 1992
- 33Paragraph 33
- 34Paragraph 34
- 35Paragraph 35
- 36Paragraph 36
- 37Paragraph 37
- 38Paragraph 38
- 39Paragraph 39
- 40Paragraph 40
- 41Paragraph 41
- 42Paragraph 42
- 43Paragraph 43
- Other amendments: ITEPA 2003 and Part 4 of FA 2004
- 44Paragraph 44
- 45Paragraph 45
- 46Paragraph 46
- 47Paragraph 47
- 48Paragraph 48
- 49Paragraph 49
- 50Paragraph 50
- 51Paragraph 51
- 52Paragraph 52
- Other amendments: ITTOIA 2005
- 53Paragraph 53
- 54Paragraph 54
- 55Paragraph 55
- 56Paragraph 56
- 57Paragraph 57
- 58Paragraph 58
- 59Paragraph 59
- 60Paragraph 60
- 61Paragraph 61
- 62Paragraph 62
- 63Paragraph 63
- 64Paragraph 64
- 65Paragraph 65
- 66Paragraph 66
- 67Paragraph 67
- Other amendments: Part 9 of ITA 2007
- 68Paragraph 68
- 69Paragraph 69
- 70Paragraph 70
- 71Paragraph 71
- 72Paragraph 72
- 73Paragraph 73
- Other amendments: Chapter 1 of Part 11 of CTA 2009
- 74Paragraph 74
- 75Paragraph 75
- 76Paragraph 76
- 77Paragraph 77
- 78Paragraph 78
- 79Paragraph 79
- 80Paragraph 80
- 81Paragraph 81
- 82Paragraph 82
- 83Paragraph 83
- Other amendments: Individual Savings Account Regulations 1998 (S.I. 1998/1870)
- 84Paragraph 84
- 85Paragraph 85
- 86Paragraph 86
- 87Paragraph 87
- Revocation of Employee Share Schemes (Electronic Communication of Returns and Information) Regulations 2007 (S.I. 2007/792)
- 88Paragraph 88
- Commencement and transitional provision
- 89Paragraph 89
- 90Paragraph 90
- 91Paragraph 91
- 92Paragraph 92
- 93Paragraph 93
- 94Paragraph 94
- 95Paragraph 95
- 96Paragraph 96
- Part 2: SAYE option schemes
- Amendments to Chapter 7 of Part 7 of ITEPA 2003
- 97Paragraph 97
- 98Paragraph 98
- 99Paragraph 99
- 100Paragraph 100
- 101Paragraph 101
- 102Paragraph 102
- 103Paragraph 103
- 104Paragraph 104
- 105Paragraph 105
- 106Paragraph 106
- 107Paragraph 107
- 108Paragraph 108
- 109Paragraph 109
- 110Paragraph 110
- 111Paragraph 111
- 112Paragraph 112
- 113Paragraph 113
- 114Paragraph 114
- 115Paragraph 115
- 116Paragraph 116
- 117Paragraph 117
- 118Paragraph 118
- 119Paragraph 119
- 120Paragraph 120
- Other amendments: TCGA 1992
- 121Paragraph 121
- 122Paragraph 122
- 123Paragraph 123
- 124Paragraph 124
- 125Paragraph 125
- 126Paragraph 126
- 127Paragraph 127
- 128Paragraph 128
- Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009
- 129Paragraph 129
- 130Paragraph 130
- 131Paragraph 131
- 132Paragraph 132
- 133Paragraph 133
- 134Paragraph 134
- 135Paragraph 135
- 136Paragraph 136
- 137Paragraph 137
- 138Paragraph 138
- 139Paragraph 139
- 140Paragraph 140
- 141Paragraph 141
- 142Paragraph 142
- Other amendments: Individual Savings Account Regulations 1998 (S.I. 1998/1870)
- 143Paragraph 143
- 144Paragraph 144
- 145Paragraph 145
- Commencement and transitional provision
- 146Paragraph 146
- 147Paragraph 147
- 148Paragraph 148
- 149Paragraph 149
- 150Paragraph 150
- 151Paragraph 151
- 152Paragraph 152
- 153Paragraph 153
- 154Paragraph 154
- 155Paragraph 155
- 156Paragraph 156
- 157Paragraph 157
- Part 3: CSOP schemes
- Amendments to Chapter 8 of Part 7 of ITEPA 2003
- 158Paragraph 158
- 159Paragraph 159
- 160Paragraph 160
- 161Paragraph 161
- 162Paragraph 162
- 163Paragraph 163
- 164Paragraph 164
- 165Paragraph 165
- 166Paragraph 166
- 167Paragraph 167
- 168Paragraph 168
- 169Paragraph 169
- 170Paragraph 170
- 171Paragraph 171
- 172Paragraph 172
- 173Paragraph 173
- 174Paragraph 174
- 175Paragraph 175
- 176Paragraph 176
- 177Paragraph 177
- 178Paragraph 178
- 179Paragraph 179
- 180Paragraph 180
- 181Paragraph 181
- 182Paragraph 182
- Other amendments: TCGA 1992
- 183Paragraph 183
- 184Paragraph 184
- 185Paragraph 185
- 186Paragraph 186
- 187Paragraph 187
- 188Paragraph 188
- 189Paragraph 189
- Other amendments: ITEPA 2003
- 190Paragraph 190
- 191Paragraph 191
- 192Paragraph 192
- 193Paragraph 193
- 194Paragraph 194
- 195Paragraph 195
- 196Paragraph 196
- 197Paragraph 197
- 198Paragraph 198
- 199Paragraph 199
- 200Paragraph 200
- 201Paragraph 201
- 202Paragraph 202
- 203Paragraph 203
- Commencement and transitional provision
- 204Paragraph 204
- 205Paragraph 205
- 206Paragraph 206
- 207Paragraph 207
- 208Paragraph 208
- 209Paragraph 209
- 210Paragraph 210
- 211Paragraph 211
- 212Paragraph 212
- 213Paragraph 213
- 214Paragraph 214
- 215Paragraph 215
- Part 4: Enterprise management incentives
- Amendments to Schedule 5 to ITEPA 2003
- 216Paragraph 216
- 217Paragraph 217
- 218Paragraph 218
- 219Paragraph 219
- 220Paragraph 220
- Other amendment: section 98 of TMA 1970
- 221Paragraph 221
- Commencement and transitional provision
- 222Paragraph 222
- 223Paragraph 223
- 224Paragraph 224
- 225Paragraph 225
- Part 5: Other employee share schemes
- Amendments to Chapter 1 of Part 7 of ITEPA 2003
- 226Paragraph 226
- 227Paragraph 227
- 228Paragraph 228
- 229Paragraph 229
- 230Paragraph 230
- Other amendment: section 98 of TMA 1970
- 231Paragraph 231
- Commencement and transitional provision
- 232Paragraph 232
- 233Paragraph 233
- 234Paragraph 234
- Schedule 9: Employment-related securities etc
- Part 1: Internationally mobile employees
- ITEPA 2003
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- 20Paragraph 20
- 21Paragraph 21
- Consequential amendments to other Acts
- 22Paragraph 22
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- 26Paragraph 26
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- 30Paragraph 30
- 31Paragraph 31
- 32Paragraph 32
- 33Paragraph 33
- Part 2: Restricted securities and securities acquired for less than market value: replacement and additional securities and rollover relief etc
- 34Paragraph 34
- 35Paragraph 35
- 36Paragraph 36
- 37Paragraph 37
- 38Paragraph 38
- Part 3: Corporation tax relief for employee share acquisitions
- 39Paragraph 39
- 40Paragraph 40
- 41Paragraph 41
- 42Paragraph 42
- 43Paragraph 43
- 44Paragraph 44
- 45Paragraph 45
- 46Paragraph 46
- Part 4: Commencement etc
- 47Paragraph 47
- 48Paragraph 48
- 49Paragraph 49
- 50Paragraph 50
- Schedule 10: Venture capital trusts
- Time limits for making assessments
- 1Paragraph 1
- Linked sales
- 2Paragraph 2
- Approval of VCT: return of capital
- 3Paragraph 3
- 4Paragraph 4
- Nominees
- 5Paragraph 5
- Schedule 11: Tax relief for social investments
- Part 1: New Part 5B of ITA 2007
- 1Paragraph 1
- Part 2: Consequential amendments
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- Schedule 12: Investments in social enterprises: capital gains
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- Schedule 13: General Block Exemption Regulation
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- Schedule 14: Extended ring fence expenditure supplement for onshore activities Repealed
- 1Paragraph 1 Repealed
- 2Paragraph 2 Repealed
- 3Paragraph 3 Repealed
- 4Paragraph 4 Repealed
- Schedule 15: Supplementary charge: onshore allowance
- Part 1: Amendments of Part 8 of CTA 2010
- 1Paragraph 1
- Onshore allowance
- 2Paragraph 2
- 3Paragraph 3
- Restriction of field allowance to offshore fields
- 4Paragraph 4
- Part 2: Minor and consequential amendments
- 5Paragraph 5
- Part 3: Commencement and transitional provision
- Commencement of onshore allowance
- 6Paragraph 6
- Option to defer commencement
- 7Paragraph 7
- Straddling accounting periods
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- Schedule 16: Oil contractors: ring-fence trade etc
- CTA 2010
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Commencement etc
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Schedule 17: Partnerships
- Part 1: Limited liability partnerships: treatment of salaried members
- Main provision
- 1Paragraph 1
- 2Paragraph 2
- Supplementary provision: deductions
- 3Paragraph 3
- 4Paragraph 4
- Supplementary provision: arrangements made by intermediaries
- 5Paragraph 5
- Commencement
- 6Paragraph 6
- Part 2: Partnerships with mixed membership
- Main provision
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- Commencement
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- Part 3: Alternative investment fund managers: deferred remuneration etc
- Main provision
- 15Paragraph 15
- Supplementary provision
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- Power to apply amendments to other types of firms carrying on regulated activities
- 20Paragraph 20
- Commencement
- 21Paragraph 21
- Part 4: Disposals of assets through partnerships
- Income tax
- 22Paragraph 22
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- Corporation tax
- 26Paragraph 26
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- Schedule 18: Abolition of reduced rates for vehicles satisfying reduced pollution requirements
- Part 1: Amendments of the Vehicle Excise and Registration Act 1994
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- Part 2: Commencement
- Introduction
- 11Paragraph 11
- Licences taken out on or after 1 April 2014
- 12Paragraph 12
- 13Paragraph 13
- Licences taken out on or after 1 April 2016
- 14Paragraph 14
- 15Paragraph 15
- Licences taken out on or after 1 January 2017
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- I January 2017
- 19Paragraph 19
- Interpretation
- 20Paragraph 20
- Schedule 19: Other amendments about vehicle excise duty
- Part 1: Amendments of the Vehicle Excise and Registration Act 1994
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- 20Paragraph 20
- Part 2: Amendments of other enactments
- 21Paragraph 21
- Part 3: Commencement
- 22Paragraph 22
- Schedule 20: Climate change levy: exemptions for mineralogical and metallurgical processes etc
- Part 1: The exemptions
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- Part 2: Other provision
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- Schedule 21: Goods shipped or carried as stores on ships or aircraft
- Meaning of “stores”
- 1Paragraph 1
- Surplus stores
- 2Paragraph 2
- Power to make regulations about stores
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Penalties and enforcement
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- Review and appeal
- 9Paragraph 9
- Commencement Not yet in force
- 10Paragraph 10 Not yet in force
- 11Paragraph 11 Not yet in force
- Schedule 22: Supplies of electronic, broadcasting and telecommunication services: special accounting schemes Repealed
- Part 1: Union scheme Repealed
- New Union scheme for accounting for VAT on certain supplies Repealed
- 1Paragraph 1 Repealed
- Power to amend provisions about the Union scheme Repealed
- 2Paragraph 2 Repealed
- Part 2: Non-Union scheme: amendments of Schedule 3B to VATA 1994 Repealed
- Introduction Repealed
- 3Paragraph 3 Repealed
- Extension of non-Union scheme to broadcasting and telecommunication services Repealed
- 4Paragraph 4 Repealed
- 5Paragraph 5 Repealed
- Consequential and other amendments Repealed
- 6Paragraph 6 Repealed
- 7Paragraph 7 Repealed
- 8Paragraph 8 Repealed
- 9Paragraph 9 Repealed
- 10Paragraph 10 Repealed
- Part 3: Other amendments: Union and non-Union schemes Repealed
- 11Paragraph 11 Repealed
- 12Paragraph 12 Repealed
- 13Paragraph 13 Repealed
- 14Paragraph 14 Repealed
- 15Paragraph 15 Repealed
- 16Paragraph 16 Repealed
- 17Paragraph 17 Repealed
- 18Paragraph 18 Repealed
- 19Paragraph 19 Repealed
- 20Paragraph 20 Repealed
- 21Paragraph 21 Repealed
- 22Paragraph 22 Repealed
- Part 4: Commencement Repealed
- 23Paragraph 23 Repealed
- 24Paragraph 24 Repealed
- 25Paragraph 25 Repealed
- Schedule 23: SDLT: charities relief
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Schedule 24: Abolition of stamp duty and SDRT: securities on recognised growth markets
- Part 1: Stamp duty reserve tax
- “Chargeable securities”
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- Commencement of Part 1 and transitional provision
- 4Paragraph 4
- Part 2: Stamp duty
- Main charge
- 5Paragraph 5
- Charge in relation to the purchase by a company of its own shares
- 6Paragraph 6
- Charge in relation to property vested by Act or purchased under statutory power
- 7Paragraph 7
- Interpretation of paragraphs 5 to 7
- 8Paragraph 8
- Depositary receipts: charge
- 9Paragraph 9
- Clearance services: charge
- 10Paragraph 10
- Charge on transfers of partnership interests
- 11Paragraph 11
- Commencement of Part 2
- 12Paragraph 12
- Schedule 25: Inheritance tax
- Introductory
- 1Paragraph 1
- Rate bands for tax years 2015-16, 2016-17 and 2017-18
- 2Paragraph 2
- Treatment of certain liabilities
- 3Paragraph 3
- Ten-year anniversary charge
- 4Paragraph 4
- Delivery of account and payment of tax
- 5Paragraph 5
- Schedule 26: The bank levy: miscellaneous changes
- Introduction
- 1Paragraph 1
- High quality liquid assets etc
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- Protected deposits
- 8Paragraph 8
- Tier one capital equity and liabilities
- 9Paragraph 9
- Liabilities representing QCP margin in relation to trades executed under clearing agreements
- 10Paragraph 10
- Certain liabilities deemed short term liabilities
- 11Paragraph 11
- Amendments consequential on regulatory changes
- 12Paragraph 12
- Transitional provision
- 13Paragraph 13
- Schedule 27: Suspension and revocation of remote operating licences
- Breach notice
- 1Paragraph 1
- Final notice
- 2Paragraph 2
- Direction to suspend remote operating licence
- 3Paragraph 3
- Reinstatement of remote operating licence
- 4Paragraph 4
- 5Paragraph 5
- Revocation of remote operating licence
- 6Paragraph 6
- Consent requirement for grant of new remote operating licence
- 7Paragraph 7
- Supplementary
- 8Paragraph 8
- 9Paragraph 9
- Schedule 28: Part 3: consequential amendments and repeals
- Part 1: Betting and Gaming Duties Act 1981
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Part 2: Other amendments and repeals
- Customs and Excise Management Act 1979
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- Finance Act 1994
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- Value Added Tax Act 1994
- 19Paragraph 19
- Finance Act 1997
- 20Paragraph 20
- Criminal Justice and Police Act 2001
- 21Paragraph 21
- Gambling Act 2005
- 22Paragraph 22
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- 26Paragraph 26
- Finance Act 2008
- 27Paragraph 27
- Finance Act 2009 Not yet in force
- 28Paragraph 28 Not yet in force
- 29Paragraph 29 Not yet in force
- 30Paragraph 30 Not yet in force
- Finance Act 2012
- 31Paragraph 31
- Schedule 29: Part 3: transitional and saving provisions
- Final accounting periods under BGDA 1981
- 1Paragraph 1
- Withdrawal of double taxation relief
- 2Paragraph 2
- Post-commencement receipts etc from pre-commencement general or pool betting
- 3Paragraph 3
- Post-commencement winnings paid on pre-commencement general or pool betting
- 4Paragraph 4
- Post-commencement receipts & winnings etc in the case of pre-commencement remote gaming
- 5Paragraph 5
- Post-commencement relief for unrelieved pre-commencement losses
- 6Paragraph 6
- Post-commencement winnings on non-dutiable pre-commencement general or pool betting
- 7Paragraph 7
- Post-commencement winnings on non-dutiable pre-commencement remote gaming
- 8Paragraph 8
- Saving for amendments and repeals made by Schedule 28
- 9Paragraph 9
- Schedule 30: Section 208 or 208A penalty: value of the denied advantage
- Introduction
- 1Paragraph 1
- Value of denied advantage: normal rule
- 2Paragraph 2
- Value of denied advantage: losses
- 3Paragraph 3
- Value of denied advantage: deferred tax
- 4Paragraph 4
- Schedule 31: Follower notices and partnerships
- Introduction
- 1Paragraph 1
- Interpretation
- 2Paragraph 2
- Giving of follower notices in relation to partnership returns
- 3Paragraph 3
- Penalty if corrective action not taken in response to partnership follower notice
- 4Paragraph 4
- Additional penalty for unreasonable tax appeal
- 4AParagraph 4A
- Calculation of penalty etc
- 5Paragraph 5
- Schedule 32: Accelerated payments and partnerships
- Interpretation
- 1Paragraph 1
- Restriction on circumstances when accelerated payment notices can be given
- 2Paragraph 2
- Circumstances in which partner payment notices may be given
- 3Paragraph 3
- Content of partner payment notices
- 4Paragraph 4
- Representations about a partner payment notice
- 5Paragraph 5
- Effect of partner payment notice
- 6Paragraph 6
- 6AParagraph 6A
- Penalty for failure to comply with partner payment notice
- 7Paragraph 7
- Withdrawal, suspension or modification of partner payment notices
- 8Paragraph 8
- Schedule 33: Part 4: consequential amendments
- Taxes Management Act 1970
- 1Paragraph 1
- 2Paragraph 2
- Finance Act 2007
- 3Paragraph 3
- Finance Act 2008
- 4Paragraph 4
- Finance Act 2009
- 5Paragraph 5
- Schedule 33A: Promotion structures
- Cases in which a person is a member of a promotion structure.
- 1Paragraph 1
- Multiple entity promoter
- 2Paragraph 2
- Acting for a non-resident promoter
- 3Paragraph 3
- Control of another promoter
- 4Paragraph 4
- Transfer of promotion business
- 5Paragraph 5
- Schedule 34: Promoters of tax avoidance schemes: threshold conditions
- Part 1: Meeting the threshold conditions: general
- Meaning of “threshold condition”
- 1Paragraph 1
- Deliberate tax defaulters
- 2Paragraph 2
- Breach of the Banking Code of Practice
- 3Paragraph 3
- Tax advisers
- 4Paragraph 4
- Non-compliance with avoidance disclosure requirements
- 5Paragraph 5
- Criminal offences
- 6Paragraph 6
- Opinion notice of GAAR Advisory Panel
- 7Paragraph 7
- Disciplinary action against a member of a trade or profession
- 8Paragraph 8
- Disciplinary action by a regulatory authority
- 9Paragraph 9
- Exercise of information powers
- 10Paragraph 10
- Restrictive contractual terms
- 11Paragraph 11
- Stop notices
- 12Paragraph 12
- Part 2: Meeting the threshold conditions: bodies corporate and partnerships
- Interpretation
- 13AParagraph 13A
- Relevant bodies controlled etc by other persons treated as meeting a threshold condition
- 13BParagraph 13B
- Persons who control etc a relevant body treated as meeting a threshold condition
- 13CParagraph 13C
- Relevant bodies controlled etc by the same person treated as meeting a threshold condition
- 13DParagraph 13D
- Part 3: Power to amend
- 14Paragraph 14
- Schedule 34A: Promoters of tax avoidance schemes: defeated arrangements
- Part 1: Introduction
- 1Paragraph 1
- Part 2: Meaning of “relevant defeat”
- “Related” arrangements
- 2Paragraph 2
- “Promoted arrangements”
- 3Paragraph 3
- Relevant defeat of single arrangements
- 4Paragraph 4
- Relevant defeat of related arrangements
- 5Paragraph 5
- Limit on number of separate relevant defeats in relation to the same, or related, arrangements
- 6Paragraph 6
- Case 1: counteraction upheld by judicial ruling
- 7Paragraph 7
- Case 2: judicial ruling that avoidance-related rule applies
- 8Paragraph 8
- Case 3: proportion-based relevant defeat
- 9Paragraph 9
- “Defeat” of arrangements
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- Part 3: Relevant defeats: associated persons
- Attribution of relevant defeats
- 17Paragraph 17
- Deemed defeat notices
- 18Paragraph 18
- Meaning of “relevant body” and “control”
- 19Paragraph 19
- Part 4: Meeting section 237A conditions: bodies corporate and partnerships
- Relevant bodies controlled etc by other persons treated as meeting section 237A condition
- 20Paragraph 20
- Persons who control etc a relevant body treated as meeting a section 237A condition
- 21Paragraph 21
- Relevant bodies controlled etc by the same person treated as meeting a section 237A condition
- 22Paragraph 22
- Interpretation
- 23Paragraph 23
- Part 5: Supplementary
- “Adjustments”
- 24Paragraph 24
- Meaning of “avoidance-related rule”
- 25Paragraph 25
- “DOTAS arrangements”
- 26Paragraph 26
- “Disclosable VAT or other indirect tax arrangements”
- 26AParagraph 26A
- “Disclosable Schedule 11A VAT arrangements”
- 27Paragraph 27
- Paragraphs 26 to 27: supplementary
- 28Paragraph 28
- “Final” counteraction
- 29Paragraph 29
- Inheritance tax, stamp duty reserve tax, VAT and petroleum revenue tax
- 30Paragraph 30
- Power to amend
- 31Paragraph 31
- Schedule 35: Promoters of tax avoidance schemes: penalties
- Introduction
- 1Paragraph 1
- Penalties for failure to comply
- 2Paragraph 2
- Daily default penalties for failure to comply
- 3Paragraph 3
- Penalties for inaccurate information and documents
- 4Paragraph 4
- Power to change amount of penalties
- 5Paragraph 5
- Concealing, destroying etc documents following imposition of a duty to provide information
- 6Paragraph 6
- Concealing, destroying etc documents following informal notification
- 7Paragraph 7
- Failure to comply with time limit
- 8Paragraph 8
- Reasonable excuse
- 9Paragraph 9
- Assessment of penalty and appeals
- 10Paragraph 10
- Interest on penalties
- 11Paragraph 11
- Double jeopardy
- 12Paragraph 12
- Overlapping penalties
- 13Paragraph 13
- Schedule 36: Promoters of tax avoidance schemes: partnerships
- Part 1: Partnerships as persons
- “Person” includes a partnership
- 1Paragraph 1
- Continuity of partnerships
- 2Paragraph 2
- Meeting of conditions
- 3Paragraph 3
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 4Paragraph 4 Repealed
- Part 2: Conduct notices and monitoring notices
- Defeat notices
- 4AParagraph 4A
- Conduct notices
- 5Paragraph 5
- Monitoring notices
- 6Paragraph 6
- Person continuing to carry on partnership business as a sole trader
- 7Paragraph 7
- Persons leaving partnership: defeat notices
- 7AParagraph 7A
- Persons leaving a partnership: conduct notices
- 8Paragraph 8
- Persons leaving a partnership: monitoring notices
- 9Paragraph 9
- Division of partnership business
- 10Paragraph 10
- Notices under paragraphs 8 to 10: general
- 11Paragraph 11
- 11AParagraph 11A
- 12Paragraph 12
- 13Paragraph 13
- Publication under section 248
- 14Paragraph 14
- Part 3: Responsibility of partners
- Responsibility of partners
- 15Paragraph 15
- Joint and several liability of responsible partners
- 16Paragraph 16
- Service of notices
- 17Paragraph 17
- Nominated partners
- 18Paragraph 18
- Part 4: Interpretation
- Meaning of “controlling member”
- 19Paragraph 19
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 20Paragraph 20 Repealed
- Power to amend definitions
- 21Paragraph 21
- Schedule 37: Companies owned by employee-ownership trusts
- Part 1: Capital gains tax relief
- Relief on disposals to employee-ownership trusts
- 1Paragraph 1
- Commencement and transitional provision
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- Part 2: Employment income exemption
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- Part 3: Inheritance tax relief
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- Part 4: Miscellaneous amendments
- Finance Act 1986
- 17Paragraph 17
- Taxation of Chargeable Gains Act 1992
- 18Paragraph 18
- Income Tax (Earnings and Pensions) Act 2003
- 19Paragraph 19
- 20Paragraph 20
- 21Paragraph 21
- 22Paragraph 22
- Corporation Tax Act 2009
- 23Paragraph 23
- Schedule 38: Scottish basic, higher and additional rates of income tax
- Part 1: Amendments of ITA 2007
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- Part 2: Consequential amendments
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17
- Schedule 39: Taxation of co-operative societies etc
- Taxation of Chargeable Gains Act 1992 (c. 12)
- 1Paragraph 1
- Co-operative and Community Benefit Societies Act 2014 (c. 14)
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- Commencement
- 15Paragraph 15