OpenLegislation

Finance Act 1998

1998 c. 36 · Enacted 31 July 1998 · Extends to United Kingdom

Not fully up to date. 4 changes made by later legislation have not yet been written into this text, which is revised to 18 March 2026.

See the changes not yet applied
ProvisionChangeMade by
Sch. 19 para. 43repealedFinance Act 1999 s. 139 Sch. 20 Pt. 7 Notes 1 2
Sch. 18 para. 10(5)-(7)omittedFinance Act 2024 Sch. 2 para. 10(2)
Sch. 18 para. 52(2B)(b)-(d)omittedFinance Act 2024 Sch. 2 para. 10(3)
Sch. 18 para. 83S(a)-(c)omittedFinance Act 2024 Sch. 2 para. 10(4)
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.[31st July 1998]

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 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:—C1

Annotations to the whole text

Modifications

C1

Act applied in part (with modifications) (29.3.2007) by The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050), regs. 1(1), 3-13 (as amended by 2009 c. 4, Sch. 2 para. 131)

Contents

  1. Part I: Excise Duties
  2. Alcoholic liquor duties
  3. 1Rate of duty on beer.
  4. 2Adjustment of rates of duty on sparkling liquors.
  5. 3Rates of duty on wine and made-wine.
  6. 4Rates of duty on cider.
  7. 5Drawback of excise duty on beer.
  8. Hydrocarbon oil duties
  9. 6Charge on production without delivery.
  10. 7Rates of duties and rebates.
  11. 8Ultra low sulphur diesel.
  12. 9Mixtures of heavy oils.
  13. Tobacco products duty
  14. 10Rates of tobacco products duty.
  15. Gaming duty
  16. 11Rates of gaming duty.
  17. Amusement machine licence duty
  18. 12Rates of amusement machine licence duty.
  19. 13Further exception for thirty-five-penny machines.
  20. 14Video machines.
  21. Air passenger duty
  22. 15Fiscal representatives.
  23. Vehicle excise duty
  24. 16Rates of duty where pollution reduced.
  25. 17Restriction of exemption for old vehicles.
  26. 18Regulations relating to nil licences.
  27. 19Failure to pay amount required in respect of void licence.
  28. Assessments
  29. 20Assessments for excise duty purposes.
  30. Part II: Value Added Tax
  31. 21Deemed supplies.
  32. 22Changes of place of supply: transitional.
  33. 23Bad debt relief.
  34. 24Long leases in Scotland.
  35. Part III: Income Tax, Corporation Tax and Capital Gains Tax
  36. Chapter I: Income Tax and Corporation Tax
  37. Income tax charge, rates and reliefs
  38. 25Charge and rates for 1998-99. Repealed
  39. 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  40. 27Married couple’s allowance etc. in and after 1999-00.
  41. Corporation tax charge and rates
  42. 28Charge and rates for financial year 1998.
  43. 29Charge and rates for financial year 1999.
  44. Corporation tax: periodic payments etc
  45. 30Corporation tax: due and payable date.
  46. 31Abolition of advance corporation tax.
  47. 32Unrelieved surplus advance corporation tax.
  48. 33Relief for interest payable under the Tax Acts.
  49. 34Charge to tax on interest payable under the Tax Acts.
  50. 35Further provision about interest payable under the Tax Acts.
  51. 36Arrangements with respect to payment of corporation tax. Repealed
  52. Gilt-edged securities
  53. 37Abolition of periodic accounting.
  54. Rents and other receipts from land
  55. 38Taxation of rents and other receipts from land.
  56. 39Land managed as one estate and maintenance funds for historic buildings.
  57. 40Treatment of premiums as rent. Repealed
  58. 41Tied premises: receipts and expenses treated as those of trade.
  59. Computation of profits of trade, profession or vocation
  60. 42Computation of profits of trade, profession or vocation. Repealed
  61. 43Barristers and advocates in early years of practice. Repealed
  62. 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  63. 45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  64. 46Minor and consequential provisions about computations.
  65. Gifts to charities
  66. 47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  67. 48Gifts of money for relief in poor countries. Repealed
  68. Employee share incentives
  69. 49Employee share options. Repealed
  70. 50Conditional acquisition of shares. Repealed
  71. 51Convertible shares provided to directors and employees. Repealed
  72. 52Information powers. Repealed
  73. 53Provision supplemental to sections 50 to 52. Repealed
  74. 54Amendments consequential on sections 50 to 53.
  75. Construction industry workers
  76. 55Construction workers supplied by agencies.
  77. 56Transitional provisions in connection with section 55.
  78. 57Sub-contractors in the construction industry. Repealed
  79. Payments and other benefits in connection with termination of employment etc.
  80. 58Payments and other benefits in connection with termination of employment, etc. Repealed
  81. Benefits in kind
  82. 59Car fuel.
  83. 60Reductions for road fuel gas cars. Repealed
  84. 61Travelling expenses. Repealed
  85. Profit-related pay
  86. 62Provision preventing manipulation of profit periods. Repealed
  87. Foreign earnings deduction
  88. 63Withdrawal except in relation to seafarers. Repealed
  89. PAYE: non-cash benefits etc.
  90. 64Transitory provision relating to tradeable assets. Repealed
  91. 65Payment in the form of a readily convertible asset. Repealed
  92. 66Enhancing the value of an asset. Repealed
  93. 67Gains from share options etc. Repealed
  94. 68Vouchers and credit-tokens. Repealed
  95. 69Intermediaries, non-UK employers, agencies etc. Repealed
  96. The enterprise investment scheme and venture capital trusts
  97. 70Qualifying trades for EIS and VCTs.
  98. 71Pre-arranged exits from EIS. Repealed
  99. 72Qualifying holdings for VCTs after 2nd July 1997. Repealed
  100. 73Other changes to requirements for VCTs. Repealed
  101. 74Other changes to EIS etc.
  102. Individual savings accounts etc.
  103. 75Use of PEPs powers to provide for accounts. Repealed
  104. 76Tax credits for accounts and for PEPs.
  105. 77The insurance element etc. Repealed
  106. 78Phasing out of TESSAs. Repealed
  107. Relief for interest and losses etc.
  108. 79Relief for loan to acquire interest in a close company.
  109. 80Relief for losses on unlisted shares in trading companies. Repealed
  110. 81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  111. 82Carry forward of non-trading deficit on loan relationships.
  112. Capital allowances
  113. 83First-year allowances for investment in Northern Ireland. Repealed
  114. 84First-year allowances for small businesses etc. Repealed
  115. 85First-year allowances: consequential amendments etc. Repealed
  116. Insurance, insurance companies and friendly societies
  117. 86Life policies etc.
  118. 87Non-resident insurance companies: tax representatives.
  119. 88Overseas life assurance business. Repealed
  120. 89Personal portfolio bonds. Repealed
  121. 90Distributions to friendly societies.
  122. 91Provisional repayments in connection with pension business. Repealed
  123. Pensions
  124. 92Approved retirement benefit schemes etc. Repealed
  125. 93Benefits received under non-approved retirement benefits scheme. Repealed
  126. 94Approval of personal pension schemes. Repealed
  127. 95Personal pensions: charge on withdrawal of approval. Repealed
  128. 96Information relating to personal pension schemes etc. Repealed
  129. 97Notices to be given to scheme administrator. Repealed
  130. 98Assessments on scheme administrators.
  131. Futures and options
  132. 99Extension of provisions relating to guaranteed returns.
  133. Securities
  134. 100Accrued income scheme. Repealed
  135. 101Dealers in securities etc.
  136. 102Manufactured dividends.
  137. Double taxation relief
  138. 103Restriction of relief on certain interest and dividends. Repealed
  139. 104Adjustments of interest and dividends for spared tax etc. Repealed
  140. 105Meaning of “financial expenditure". Repealed
  141. 106Underlying tax reflecting interest or dividends. Repealed
  142. 107Notification of foreign tax adjustment. Repealed
  143. Transfer pricing, FOREX and financial instruments
  144. 108New regime for transfer pricing etc.
  145. 109Section 109
  146. 110Determinations requiring the sanction of the Board. Repealed
  147. 111Notice to potential claimants. Repealed
  148. Controlled foreign companies
  149. 112Exempt activities.
  150. 113Miscellaneous amendments.
  151. Changes in company ownership
  152. 114Postponed corporation tax. Repealed
  153. 115Information powers where ownership changes. Repealed
  154. 116Provisions supplemental to sections 114 and 115. Repealed
  155. Corporation tax self-assessment
  156. 117Company tax returns, assessments and related matters.
  157. Telephone claims etc.
  158. 118Claims for income tax purposes. Repealed
  159. 119Evidential provisions in PAYE regulations. Repealed
  160. Chapter II: Taxation of Chargeable Gains
  161. Rate for trustees
  162. 120Rate of CGT for trustees etc. Repealed
  163. Taper relief and indexation allowance
  164. 121Taper relief for CGT.
  165. 122Freezing of indexation allowance for CGT.
  166. Pooling and identification of shares etc.
  167. 123Abolition of pooling for CGT.
  168. 124New identification rules for CGT.
  169. 125Indexation and share pooling etc.
  170. Stock dividends
  171. 126Capital gains on stock dividends.
  172. Non-residents etc.
  173. 127Charge to CGT on temporary non-residents.
  174. 128Disposal of interests in a settlement.
  175. 129Attribution of gains to settlor in section 10A cases.
  176. 130Charge on beneficiaries of settlements with non-resident settlors.
  177. 131Charge on settlors of settlements for grandchildren.
  178. 132Charge on settlors of pre-19th March 1991 settlements.
  179. Groups of companies etc.
  180. 133Transfer within group to investment trust.
  181. 134Transfer of company’s assets to venture capital trust.
  182. 135Transfer within group to venture capital trust.
  183. 136Incorporated friendly societies.
  184. 137Pre-entry gains.
  185. 138Pre-entry losses. Repealed
  186. 139De-grouping charges.
  187. Abolition of reliefs
  188. 140Phasing out of retirement relief.
  189. 141Abolition of certain other CGT reliefs.
  190. Part IV: Inheritance Tax etc.
  191. 142Property of historic interest etc.
  192. 143Removal of exemption for gifts for public benefit.
  193. 144Maintenance funds for historic buildings, etc.
  194. 145Accounting for property accepted in satisfaction of tax. Repealed
  195. Part V: Other Taxes
  196. Insurance premium tax
  197. 146Travel insurance: higher rate tax.
  198. 147Taxable intermediaries.
  199. Landfill tax
  200. 148Provisional collection of landfill tax.
  201. Stamp duty
  202. 149Stamp duty on conveyance or transfer on sale.
  203. 150Relief from double stamp duties etc.
  204. Stamp duty reserve tax
  205. 151Depositary receipts and clearance services: exchanges of shares.
  206. Petroleum revenue tax etc.
  207. 152Gas valuation.
  208. Gas levy
  209. 153Reduction and abolition of gas levy. Repealed
  210. Dumping duties
  211. 154Repeal of Customs Duties (Dumping and Subsidies) Act 1969.
  212. Part VI: Miscellaneous and Supplemental
  213. Fiscal stability
  214. 155Code for fiscal stability. Repealed
  215. 156Annual Budget documents. Repealed
  216. 157Supplementary powers of the Comptroller and Auditor General. Repealed
  217. Government borrowing
  218. 158Treasury’s position regarding their own securities.
  219. 159Treasury bills.
  220. 160National loans.
  221. 161Non-FOTRA securities.
  222. 162Accounting statements relating to National Savings.
  223. The European single currency
  224. 163Adoption of single currency by other member States.
  225. Supplemental
  226. 164Interpretation.
  227. 165Repeals.
  228. 166Short title.
  229. Schedule 1: Rates of duty where pollution reduced
  230. Meaning of “the 1994 Act"
  231. 1Paragraph 1
  232. Certificates as to reduced pollution
  233. 2Paragraph 2
  234. Buses
  235. 3Paragraph 3
  236. Special vehicles
  237. 4Paragraph 4
  238. Recovery vehicles
  239. 5Paragraph 5
  240. Vehicles used for exceptional loads
  241. 6Paragraph 6
  242. Haulage vehicles
  243. 7Paragraph 7
  244. Rigid goods vehicles
  245. 8Paragraph 8
  246. 9Paragraph 9
  247. 10Paragraph 10
  248. Tractive units
  249. 11Paragraph 11
  250. 12Paragraph 12
  251. Other amendments
  252. 13Paragraph 13
  253. 14Paragraph 14
  254. 15Paragraph 15
  255. 16Paragraph 16
  256. Commencement
  257. 17Paragraph 17
  258. Schedule 2: Assessments for excise duty purposes
  259. Alcoholic Liquor Duties Act 1979 (c.4)
  260. 1Paragraph 1
  261. 2Paragraph 2
  262. 3Paragraph 3
  263. Hydrocarbon Oil Duties Act 1979 (c.5)
  264. 4Paragraph 4
  265. Tobacco Products Duty Act 1979 (c.7)
  266. 5Paragraph 5
  267. Finance (No. 2) Act 1992 (c.48)
  268. 6Paragraph 6
  269. Finance Act 1994 (c.9)
  270. 7Paragraph 7
  271. 8Paragraph 8
  272. 9Paragraph 9
  273. 10Paragraph 10
  274. 11Paragraph 11
  275. Commencement
  276. 12Paragraph 12
  277. Schedule 3: Advance corporation tax
  278. Section 1 of the Provisional Collection of Taxes Act 1968
  279. 1Paragraph 1 Repealed
  280. Section 10 of the Taxes Management Act 1970
  281. 2Paragraph 2 Repealed
  282. Section 87 of the Taxes Management Act 1970
  283. 3Paragraph 3 Repealed
  284. Section 87A of the Taxes Management Act 1970
  285. 4Paragraph 4 Repealed
  286. Section 94 of the Taxes Management Act 1970
  287. 5Paragraph 5 Repealed
  288. Section 109 of the Taxes Management Act 1970
  289. 6Paragraph 6
  290. Section 13 of the Taxes Act 1988
  291. 7Paragraph 7 Repealed
  292. Section 14 of the Taxes Act 1988
  293. 8Paragraph 8 Repealed
  294. Section 75 of the Taxes Act 1988
  295. 9Paragraph 9 Repealed
  296. Section 116 of the Taxes Act 1988
  297. 10Paragraph 10 Repealed
  298. Section 238 of the Taxes Act 1988
  299. 11Paragraph 11 Repealed
  300. Section 239 of the Taxes Act 1988
  301. 12Paragraph 12 Repealed
  302. Section 240 of the Taxes Act 1988
  303. 13Paragraph 13 Repealed
  304. Section 241 of the Taxes Act 1988
  305. 14Paragraph 14 Repealed
  306. Section 245 of the Taxes Act 1988
  307. 15Paragraph 15 Repealed
  308. Section 245A of the Taxes Act 1988
  309. 16Paragraph 16 Repealed
  310. Section 245B of the Taxes Act 1988
  311. 17Paragraph 17 Repealed
  312. Section 246 of the Taxes Act 1988
  313. 18Paragraph 18 Repealed
  314. Section 247 of the Taxes Act 1988
  315. 19Paragraph 19 Repealed
  316. Section 248 of the Taxes Act 1988
  317. 20Paragraph 20 Repealed
  318. Section 252 of the Taxes Act 1988
  319. 21Paragraph 21 Repealed
  320. Section 253 of the Taxes Act 1988
  321. 22Paragraph 22 Repealed
  322. Section 255 of the Taxes Act 1988
  323. 23Paragraph 23 Repealed
  324. Section 419 of the Taxes Act 1988
  325. 24Paragraph 24 Repealed
  326. Section 434 of the Taxes Act 1988
  327. 25Paragraph 25 Repealed
  328. Section 434C of the Taxes Act 1988
  329. 26Paragraph 26 Repealed
  330. Section 468Q of the Taxes Act 1988
  331. 27Paragraph 27 Repealed
  332. Section 490 of the Taxes Act 1988
  333. 28Paragraph 28 Repealed
  334. Section 497 of the Taxes Act 1988
  335. 29Paragraph 29 Repealed
  336. Section 498 of the Taxes Act 1988
  337. 30Paragraph 30 Repealed
  338. Section 499 of the Taxes Act 1988
  339. 31Paragraph 31 Repealed
  340. Section 703 of the Taxes Act 1988
  341. 32Paragraph 32 Repealed
  342. Section 704 of the Taxes Act 1988
  343. 33Paragraph 33 Repealed
  344. Section 705 of the Taxes Act 1988
  345. 34Paragraph 34 Repealed
  346. Section 797 of the Taxes Act 1988
  347. 35Paragraph 35 Repealed
  348. Section 802 of the Taxes Act 1988
  349. 36Paragraph 36 Repealed
  350. Section 813 of the Taxes Act 1988
  351. 37Paragraph 37 Repealed
  352. Section 826 of the Taxes Act 1988
  353. 38Paragraph 38 Repealed
  354. Section 832 of the Taxes Act 1988
  355. 39Paragraph 39 Repealed
  356. Section 835 of the Taxes Act 1988
  357. 40Paragraph 40 Repealed
  358. Schedule 13 to the Taxes Act 1988
  359. 41Paragraph 41 Repealed
  360. Schedule 13A to the Taxes Act 1988
  361. 42Paragraph 42 Repealed
  362. Schedule 24 to the Taxes Act 1988
  363. 43Paragraph 43 Repealed
  364. Schedule 26 to the Taxes Act 1988
  365. 44Paragraph 44 Repealed
  366. Paragraph 8 of Schedule 4 to the Finance (No. 2) Act 1997
  367. 45Paragraph 45 Repealed
  368. Paragraph 9 of Schedule 4 to the Finance (No. 2) Act 1997
  369. 46Paragraph 46 Repealed
  370. Paragraph 18 of Schedule 4 to the Finance (No. 2) Act 1997
  371. 47Paragraph 47 Repealed
  372. Paragraph 23 of Schedule 4 to the Finance (No. 2) Act 1997
  373. 48Paragraph 48 Repealed
  374. Schedule 4: Interest payable under the Tax Acts by or to companies
  375. Interest on overpaid or early paid corporation tax
  376. 1Paragraph 1
  377. The “material date" for interest on a repayment of income tax
  378. 2Paragraph 2
  379. Recovery of interest overpaid under section 826(1)(a)
  380. 3Paragraph 3
  381. Interest on underpaid tax where reliefs are carried back
  382. 4Paragraph 4
  383. Interest on overpaid tax where reliefs are carried back
  384. 5Paragraph 5
  385. Company liquidations
  386. 6Paragraph 6 Repealed
  387. Loan relationships
  388. 7Paragraph 7 Repealed
  389. Schedule 5: Rent and other receipts from land
  390. Part I: Main charging provisions
  391. 1Paragraph 1
  392. 2Paragraph 2
  393. 3Paragraph 3
  394. 4Paragraph 4
  395. 5Paragraph 5
  396. 6Paragraph 6 Repealed
  397. 7Paragraph 7 Repealed
  398. 8Paragraph 8
  399. 9Paragraph 9
  400. 10Paragraph 10
  401. 11Paragraph 11
  402. 12Paragraph 12
  403. 13Paragraph 13
  404. 14Paragraph 14
  405. 15Paragraph 15 Repealed
  406. 16Paragraph 16 Repealed
  407. 17Paragraph 17 Repealed
  408. 18Paragraph 18 Repealed
  409. 19Paragraph 19
  410. 20Paragraph 20
  411. 21Paragraph 21
  412. 22Paragraph 22
  413. 23Paragraph 23 Repealed
  414. 24Paragraph 24 Repealed
  415. 25Paragraph 25
  416. Part II: Treatment of losses
  417. 26Paragraph 26 Repealed
  418. 27Paragraph 27 Repealed
  419. 28Paragraph 28 Repealed
  420. 29Paragraph 29 Repealed
  421. 30Paragraph 30 Repealed
  422. 31Paragraph 31 Repealed
  423. 32Paragraph 32 Repealed
  424. Part III: Minor and consequential amendments
  425. Taxes Management Act 1970 (c. 9)
  426. 33Paragraph 33 Repealed
  427. Income and Corporation Taxes Act 1988 (c.1)
  428. 34Paragraph 34 Repealed
  429. 35Paragraph 35 Repealed
  430. 36Paragraph 36 Repealed
  431. 37Paragraph 37 Repealed
  432. 38Paragraph 38 Repealed
  433. 39Paragraph 39 Repealed
  434. 40Paragraph 40 Repealed
  435. 41Paragraph 41 Repealed
  436. 42Paragraph 42 Repealed
  437. 43Paragraph 43 Repealed
  438. 44Paragraph 44
  439. 45Paragraph 45 Repealed
  440. 46Paragraph 46 Repealed
  441. Capital Allowances Act 1990 (c.1)
  442. 47Paragraph 47 Repealed
  443. 48Paragraph 48 Repealed
  444. 49Paragraph 49 Repealed
  445. 50Paragraph 50 Repealed
  446. 51Paragraph 51 Repealed
  447. 52Paragraph 52 Repealed
  448. 53Paragraph 53 Repealed
  449. 54Paragraph 54 Repealed
  450. 55Paragraph 55 Repealed
  451. 56Paragraph 56 Repealed
  452. 57Paragraph 57 Repealed
  453. 58Paragraph 58 Repealed
  454. 59Paragraph 59 Repealed
  455. 60Paragraph 60 Repealed
  456. 61Paragraph 61 Repealed
  457. Taxation of Chargeable Gains Act 1992 (c.12)
  458. 62Paragraph 62 Repealed
  459. 63Paragraph 63
  460. Finance Act 1996 (c. 8)
  461. 64Paragraph 64 Repealed
  462. Part IV: Transitional provisions for corporation tax
  463. Introduction
  464. 65Paragraph 65
  465. Receipts and expenses not to be counted twice
  466. 66Paragraph 66
  467. Receipts and expenses not to be left out of account
  468. 67Paragraph 67
  469. Expenses not to be carried back to before commencement
  470. 68Paragraph 68
  471. Effect of transfer of underlying rights
  472. 69Paragraph 69
  473. Bad debt relief
  474. 70Paragraph 70
  475. Meaning of “taken into account"
  476. 71Paragraph 71
  477. Unrelieved Case VI losses
  478. 72Paragraph 72
  479. Source ceasing in transitional accounting period
  480. 73Paragraph 73
  481. Superseded provisions relating to finance leasing
  482. 74Paragraph 74
  483. Computation of amounts available for surrender as group relief
  484. 75Paragraph 75
  485. Meaning of “transitional accounting period"
  486. 76Paragraph 76
  487. Schedule 6: Adjustment on change of accounting basis
  488. Introduction
  489. 1Paragraph 1
  490. Adjustment on change of accounting basis
  491. 2Paragraph 2
  492. Calculation of adjustment
  493. 3Paragraph 3
  494. Spreading of adjustment charge in certain cases
  495. 4Paragraph 4
  496. Election to accelerate payment of adjustment charge
  497. 5Paragraph 5
  498. Application of provisions to partnerships
  499. 6Paragraph 6
  500. Liability of personal representatives in case of death of person chargeable
  501. 7Paragraph 7
  502. Interpretation
  503. 8Paragraph 8
  504. Schedule 7: Removal of unnecessary references to gains
  505. Paragraph
  506. 1Paragraph 1
  507. 2Paragraph 2 Repealed
  508. 3Paragraph 3
  509. 4Paragraph 4 Repealed
  510. 5Paragraph 5 Repealed
  511. 6Paragraph 6 Repealed
  512. 7Paragraph 7
  513. 8Paragraph 8 Repealed
  514. 9Paragraph 9
  515. 10Paragraph 10 Repealed
  516. 11Paragraph 11 Repealed
  517. 12Paragraph 12 Repealed
  518. Schedule 8: Sub-contractors in the construction industry Repealed
  519. Introductory Repealed
  520. 1Paragraph 1 Repealed
  521. Application of deductions to public departments Et ceteralaetc Repealed
  522. 2Paragraph 2 Repealed
  523. Conditions for exemption of partnerships Repealed
  524. 3Paragraph 3 Repealed
  525. Conditions of exemption for companies Repealed
  526. 4Paragraph 4 Repealed
  527. Commencement of paragraphs 3 and 4 Repealed
  528. 5Paragraph 5 Repealed
  529. Powers to make regulations Repealed
  530. 6Paragraph 6 Repealed
  531. Transitional provision for commencement of 1995 Act amendments Repealed
  532. 7Paragraph 7 Repealed
  533. Schedule 9: Payments and other benefits in connection with termination of employment etc Repealed
  534. Part I: Schedule 11 to the Taxes Act 1988 Repealed
  535. Paragraph Repealed
  536. Part II: Consequential amendments Repealed
  537. Income and Corporation Taxes Act 1988 (c.1) Repealed
  538. 1Paragraph 1 Repealed
  539. 2Paragraph 2 Repealed
  540. 3Paragraph 3 Repealed
  541. 4Paragraph 4 Repealed
  542. Finance Act 1995 (c.4) Repealed
  543. 5Paragraph 5 Repealed
  544. Schedule 10: Ordinary commuting and private travel Repealed
  545. Paragraph Repealed
  546. Schedule 11: Transitional provisions for profit-related pay Repealed
  547. Application of Schedule Repealed
  548. 1Paragraph 1 Repealed
  549. Rule for determining section 171(4) limit Repealed
  550. 2Paragraph 2 Repealed
  551. Meaning of related scheme Repealed
  552. 3Paragraph 3 Repealed
  553. Meaning of “relevant anniversary" Repealed
  554. 4Paragraph 4 Repealed
  555. General interpretation Repealed
  556. 5Paragraph 5 Repealed
  557. Schedule 12: EIS and VCTs: meaning of qualifying trade
  558. New exclusions for the enterprise investment scheme
  559. 1Paragraph 1 Repealed
  560. Definition of excluded activities for the enterprise investment scheme
  561. 2Paragraph 2 Repealed
  562. New exclusions for VCTs
  563. 3Paragraph 3 Repealed
  564. Definition of excluded activities for VCTs
  565. 4Paragraph 4 Repealed
  566. Commencement
  567. 5Paragraph 5
  568. Schedule 13: Changes to EIS etc
  569. Part I: EIS income tax relief Repealed
  570. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  571. 1Paragraph 1 Repealed
  572. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  573. 2Paragraph 2 Repealed
  574. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  575. 3Paragraph 3 Repealed
  576. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  577. 4Paragraph 4 Repealed
  578. 5Paragraph 5 Repealed
  579. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  580. 6Paragraph 6 Repealed
  581. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  582. 7Paragraph 7 Repealed
  583. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  584. 8Paragraph 8 Repealed
  585. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  586. 9Paragraph 9 Repealed
  587. 10Paragraph 10 Repealed
  588. 11Paragraph 11 Repealed
  589. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  590. 12Paragraph 12 Repealed
  591. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  592. 13Paragraph 13 Repealed
  593. 14Paragraph 14 Repealed
  594. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  595. 15Paragraph 15 Repealed
  596. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  597. 16Paragraph 16 Repealed
  598. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  599. 17Paragraph 17 Repealed
  600. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  601. 18Paragraph 18 Repealed
  602. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  603. 19Paragraph 19 Repealed
  604. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  605. 20Paragraph 20 Repealed
  606. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  607. 21Paragraph 21 Repealed
  608. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  609. 22Paragraph 22 Repealed
  610. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  611. 23Paragraph 23 Repealed
  612. Part II: EIS relief against chargeable gains
  613. 24Paragraph 24
  614. 25Paragraph 25
  615. Part III: EIS deferral of chargeable gains
  616. Preliminary
  617. 26Paragraph 26
  618. Application of Schedule
  619. 27Paragraph 27
  620. Failure of conditions of application
  621. 28Paragraph 28
  622. Postponement of original gain
  623. 29Paragraph 29
  624. Chargeable events
  625. 30Paragraph 30
  626. Gains accruing on chargeable event
  627. 31Paragraph 31
  628. Persons to whom gain accrues
  629. 32Paragraph 32
  630. Claims
  631. 33Paragraph 33
  632. Reorganisations and reconstructions
  633. 34Paragraph 34
  634. Anti-avoidance provisions
  635. 35Paragraph 35
  636. Supplementary provisions
  637. 36Paragraph 36
  638. Part IV: BES income tax relief and relief against chargeable gains
  639. 37Paragraph 37
  640. 38Paragraph 38
  641. 39Paragraph 39
  642. 40Paragraph 40
  643. 41Paragraph 41
  644. 42Paragraph 42
  645. Schedule 14: Life policies, life annuities and capital redemption policies
  646. Section 547
  647. 1Paragraph 1 Repealed
  648. Multiple interests
  649. 2Paragraph 2 Repealed
  650. Right of company to recover tax from trustees
  651. 3Paragraph 3 Repealed
  652. Foreign institution policies: no reduction under section 553
  653. 4Paragraph 4 Repealed
  654. Consequential amendments
  655. 5Paragraph 5
  656. 6Paragraph 6 Repealed
  657. Commencement
  658. 7Paragraph 7
  659. Schedule 15: Approved retirement benefits schemes Repealed
  660. Amendment of section 591C of the Taxes Act 1988 Repealed
  661. 1Paragraph 1 Repealed
  662. Amendment of section 591D Repealed
  663. 2Paragraph 2 Repealed
  664. Application for scheme approval Repealed
  665. 3Paragraph 3 Repealed
  666. Information powers Repealed
  667. 4Paragraph 4 Repealed
  668. Employers responsible for discharging administrator’s duties Repealed
  669. 5Paragraph 5 Repealed
  670. Recourse to scheme members in respect of section 591C charge Repealed
  671. 6Paragraph 6 Repealed
  672. Modification of certain existing approved schemes Repealed
  673. 7Paragraph 7 Repealed
  674. Schedule 16: Transfer pricing etc: new regime
  675. Paragraph Repealed
  676. Schedule 17: Controlled foreign companies
  677. Section 747
  678. 1Paragraph 1
  679. Section 747A
  680. 2Paragraph 2 Repealed
  681. Section 748
  682. 3Paragraph 3
  683. Section 749
  684. 4Paragraph 4
  685. Section 750
  686. 5Paragraph 5
  687. Section 751
  688. 6Paragraph 6
  689. Section 752
  690. 7Paragraph 7
  691. Section 753
  692. 8Paragraph 8
  693. Section 754
  694. 9Paragraph 9
  695. Returns where it is not established whether acceptable distribution policy applies
  696. 10Paragraph 10 Repealed
  697. Determinations requiring the sanction of the Board
  698. 11Paragraph 11
  699. Section 755
  700. 12Paragraph 12
  701. Treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business
  702. 13Paragraph 13
  703. Amendment of return where general insurance business of foreign company accounted for on non-annual basis
  704. 14Paragraph 14
  705. Application of Chapter where general insurance business of foreign company accounted for on non-annual basis.
  706. 15Paragraph 15
  707. Section 756
  708. 16Paragraph 16
  709. Paragraph 1 of Schedule 24
  710. 17Paragraph 17
  711. Paragraph 2 of Schedule 24
  712. 18Paragraph 18
  713. Paragraph 4 of Schedule 24
  714. 19Paragraph 19
  715. Paragraph 9 of Schedule 24
  716. 20Paragraph 20
  717. Paragraph 10 of Schedule 24
  718. 21Paragraph 21
  719. Paragraph 11 of Schedule 24
  720. 22Paragraph 22
  721. Paragraph 11A of Schedule 24
  722. 23Paragraph 23
  723. Transfer pricing
  724. 24Paragraph 24 Repealed
  725. Schedule 25
  726. 25Paragraph 25
  727. Paragraph 1 of Schedule 25
  728. 26Paragraph 26 Repealed
  729. Paragraph 2A of Schedule 25
  730. 27Paragraph 27 Repealed
  731. Paragraph 3 of Schedule 25
  732. 28Paragraph 28 Repealed
  733. Paragraph 5 of Schedule 25
  734. 29Paragraph 29
  735. Paragraph 6 of Schedule 25
  736. 30Paragraph 30
  737. Paragraph 8 of Schedule 25
  738. 31Paragraph 31 Repealed
  739. Paragraph 12 of Schedule 25
  740. 32Paragraph 32
  741. Superior holding companies: supplementary provisions
  742. 33Paragraph 33 Repealed
  743. Paragraph 1 of Schedule 26
  744. 34Paragraph 34
  745. Paragraph 3 of Schedule 26
  746. 35Paragraph 35
  747. Paragraph 4 of Schedule 26
  748. 36Paragraph 36
  749. Commencement and transitional provision
  750. 37Paragraph 37
  751. Schedule 18: Company tax returns, assessments and related matters
  752. Part I: Introduction
  753. Meaning of “tax"
  754. 1Paragraph 1
  755. Duty to give notice of chargeability
  756. 2Paragraph 2
  757. Part II: Company tax return
  758. Company tax return
  759. 3Paragraph 3
  760. 3AParagraph 3A
  761. Meaning of delivery of return
  762. 4Paragraph 4
  763. Period for which return required
  764. 5Paragraph 5
  765. Notice relating to period beginning before appointed day
  766. 6Paragraph 6
  767. Return to include self-assessment
  768. 7Paragraph 7
  769. Residential property developer tax
  770. 7AParagraph 7A
  771. Energy (oil and gas) profits levy
  772. 7BParagraph 7B
  773. Calculation of tax payable
  774. 8Paragraph 8
  775. Claims that cannot be made without a return
  776. 9Paragraph 9
  777. Other claims and elections to be included in return
  778. 10Paragraph 10
  779. Accounts required in case of Companies Act company
  780. 11Paragraph 11
  781. Information about business carried on in partnership
  782. 12Paragraph 12
  783. Information about chargeable gains
  784. 13Paragraph 13 Repealed
  785. Filing date
  786. 14Paragraph 14
  787. Amendment of return by company
  788. 15Paragraph 15
  789. Correction of return by Revenue
  790. 16Paragraph 16
  791. Failure to deliver return: flat-rate penalty
  792. 17Paragraph 17
  793. Failure to deliver return: tax-related penalty
  794. 18Paragraph 18
  795. Excuse for late delivery of return
  796. 19Paragraph 19
  797. Penalty for incorrect or uncorrected return
  798. 20Paragraph 20 Repealed
  799. Voluntary returns
  800. 20AParagraph 20A
  801. Part III: Duty to keep and preserve records
  802. Duty to keep and preserve records
  803. 21Paragraph 21
  804. Preservation of information etc
  805. 22Paragraph 22
  806. Penalty for failure to keep and preserve records
  807. 23Paragraph 23
  808. Part IV: Enquiry into company tax return
  809. Notice of enquiry
  810. 24Paragraph 24
  811. Scope of enquiry
  812. 25Paragraph 25
  813. Enquiry into return for wrong period
  814. 26Paragraph 26
  815. Notice to produce documents, etc. for purposes of enquiry
  816. 27Paragraph 27 Repealed
  817. Appeal against notice to produce documents, etc
  818. 28Paragraph 28 Repealed
  819. Penalty for failure to produce documents, etc
  820. 29Paragraph 29 Repealed
  821. Amendment of self-assessment during enquiry to prevent loss of tax
  822. 30Paragraph 30
  823. Amendment of return by company during enquiry
  824. 31Paragraph 31
  825. Referral of questions to the tribunal during enquiry
  826. 31AParagraph 31A
  827. Withdrawal of notice of referral
  828. 31BParagraph 31B
  829. Effect of referral on enquiry
  830. 31CParagraph 31C
  831. Effect of determination
  832. 31DParagraph 31D
  833. Completion of enquiry
  834. 32Paragraph 32
  835. Direction to complete enquiry
  836. 33Paragraph 33
  837. Amendment of return after enquiry
  838. 34Paragraph 34
  839. Further return for outstanding period
  840. 35Paragraph 35
  841. Part V: Revenue determinations and assessments
  842. Determination of tax payable if no return delivered in response to notice
  843. 36Paragraph 36
  844. Determination of tax payable if notice complied with in part
  845. 37Paragraph 37
  846. Extent of power to make determination
  847. 38Paragraph 38
  848. Determination to have effect as self-assessment
  849. 39Paragraph 39
  850. Determination superseded by actual self-assessment
  851. 40Paragraph 40
  852. Assessment where loss of tax discovered or determination of amount discovered to be incorrect
  853. 41Paragraph 41
  854. Restrictions on power to make discovery assessment or determination
  855. 42Paragraph 42
  856. Loss of tax brought about carelessly or deliberately
  857. 43Paragraph 43
  858. Situation not disclosed by return or related documents etc.
  859. 44Paragraph 44
  860. Return made in accordance with prevailing practice
  861. 45Paragraph 45
  862. General time limits for assessments
  863. 46Paragraph 46
  864. Assessment procedure
  865. 47Paragraph 47
  866. Appeal against assessment
  867. 48Paragraph 48
  868. Application of provisions to discovery determinations
  869. 49Paragraph 49
  870. Transfer pricing records: carelessness
  871. 49AParagraph 49A
  872. Part VI: Overpaid tax, excessive assessments or repayments, etc
  873. Relief in case of double assessment
  874. 50Paragraph 50
  875. Claim for relief for overpaid tax etc
  876. 51Paragraph 51
  877. Cases in which Commissioners not liable to give effect to a claim
  878. 51AParagraph 51A
  879. Making a claim
  880. 51BParagraph 51B
  881. Determinations under paragraphs 36 and 37: special rules
  882. 51BAParagraph 51BA
  883. The claimant: one person accountable for amounts payable by another
  884. 51CParagraph 51C
  885. The claimant: partnerships
  886. 51DParagraph 51D
  887. Assessment of claimant in connection with claim
  888. 51EParagraph 51E
  889. Amendment of partnership return etc in connection with claim
  890. 51FParagraph 51F
  891. Contract settlements
  892. 51GParagraph 51G
  893. Recovery of excessive repayments etc
  894. 52Paragraph 52
  895. Time limit for recovery of excessive repayments, etc.
  896. 53Paragraph 53
  897. Part VII: General provisions as to claims and elections
  898. Claims must be quantified
  899. 54Paragraph 54
  900. General time limit for making claims
  901. 55Paragraph 55
  902. Supplementary claim or election
  903. 56Paragraph 56
  904. Claims or elections affecting a single accounting period
  905. 57Paragraph 57
  906. Claims or elections involving more than one accounting period
  907. 58Paragraph 58
  908. Other claims and elections
  909. 59Paragraph 59
  910. Provisions supplementary to paragraphs 57 to 59
  911. 60Paragraph 60
  912. Consequential claims, etc. arising out of certain Revenue amendments or assessments
  913. 61Paragraph 61
  914. Consequential claims etc that may be made
  915. 62Paragraph 62
  916. Consequential claims etc. affecting tax liability of another person
  917. 63Paragraph 63
  918. Consequential claims etc. not to give rise to reduction in liability
  919. 64Paragraph 64
  920. Consequential claims in case of loss of tax brought about carelessly or deliberately
  921. 65Paragraph 65
  922. Part VIII: Claims for group relief and group relief for carried-forward losses
  923. Introduction
  924. 66Paragraph 66
  925. Claim to be included in company tax return
  926. 67Paragraph 67
  927. Content of claims
  928. 68Paragraph 68
  929. Claims for more or less than the amount available for surrender
  930. 69Paragraph 69
  931. Consent to surrender
  932. 70Paragraph 70
  933. Notice of consent
  934. 71Paragraph 71
  935. Notice of consent: additional requirements where claim is for group relief for carried-forward losses
  936. 71AParagraph 71A
  937. Notice of consent requiring amendment of return
  938. 72Paragraph 72
  939. Withdrawal or amendment of claim
  940. 73Paragraph 73
  941. Time limit for claims
  942. 74Paragraph 74
  943. Reduction in amount available for surrender
  944. 75Paragraph 75
  945. Assessment on other claimant companies
  946. 75AParagraph 75A
  947. Assessment to recover excessive ... relief
  948. 76Paragraph 76
  949. Joint amended returns
  950. 77Paragraph 77
  951. Claims in respect of overseas losses of non-resident companies
  952. 77AParagraph 77A
  953. Part 8A: Claims for allocation of surplus dual inclusion income
  954. Introduction
  955. 77BParagraph 77B
  956. Claims to be included in company tax return
  957. 77CParagraph 77C
  958. Consent to allocation claim
  959. 77DParagraph 77D
  960. Notice of consent
  961. 77EParagraph 77E
  962. Notice of consent requiring amendment of return
  963. 77FParagraph 77F
  964. Withdrawal or amendment of allocation claim
  965. 77GParagraph 77G
  966. Time limit for allocation claims
  967. 77HParagraph 77H
  968. Reduction in DII surplus
  969. 77IParagraph 77I
  970. Assessments on other companies
  971. 77JParagraph 77J
  972. Assessment to recover excessive amount claimed
  973. 77KParagraph 77K
  974. Joint amended returns
  975. 77LParagraph 77L
  976. Part IX: Claims for capital allowances
  977. Introduction
  978. 78Paragraph 78
  979. Claim to be included in company tax return
  980. 79Paragraph 79
  981. Content of claims
  982. 80Paragraph 80
  983. Amendment or withdrawal of claim
  984. 81Paragraph 81
  985. Time limit for claims
  986. 82Paragraph 82
  987. Consequential amendment of return for another accounting period
  988. 83Paragraph 83
  989. 83ZAParagraph 83ZA
  990. Part IXA: Claims for R&D expenditure credits or R&D tax relief
  991. Introduction
  992. 83AParagraph 83A
  993. Claim to be included in company tax return
  994. 83BParagraph 83B
  995. Content of claim
  996. 83CParagraph 83C
  997. Amendment or withdrawal of claim
  998. 83DParagraph 83D
  999. Time limit for claims
  1000. 83EParagraph 83E
  1001. Additional information to be provided in relation to claim
  1002. 83EAParagraph 83EA
  1003. Removal from return of claims made in error
  1004. 83EBParagraph 83EB
  1005. Penalty
  1006. 83FParagraph 83F Repealed
  1007. Part 9B: Claims relating to remediation of contaminated or derelict land
  1008. Introduction
  1009. 83GParagraph 83G
  1010. Claim to be included in company tax return
  1011. 83HParagraph 83H
  1012. Content of claim
  1013. 83IParagraph 83I
  1014. Amendment or withdrawal of claim
  1015. 83JParagraph 83J
  1016. Time limit for claims
  1017. 83KParagraph 83K
  1018. Penalty
  1019. 83LParagraph 83L Repealed
  1020. Part 9BA: Claims for relief under Schedule 12 to the Finance Act 2002 Repealed
  1021. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1022. 83LAParagraph 83LA Repealed
  1023. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1024. 83LBParagraph 83LB Repealed
  1025. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1026. 83LCParagraph 83LC Repealed
  1027. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1028. 83LDParagraph 83LD Repealed
  1029. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1030. 83LEParagraph 83LE Repealed
  1031. Part 9C: Claims for relief under Schedule 13 to the Finance Act 2002 Repealed
  1032. Repealed
  1033. Paragraph Repealed
  1034. Part 9D: Claims under Parts 14A to 15E of the Corporation Tax Act 2009
  1035. Introduction
  1036. 83SParagraph 83S
  1037. Claim to be included in company tax return
  1038. 83TParagraph 83T
  1039. Content of claim
  1040. 83UParagraph 83U
  1041. Amendment or withdrawal of claim
  1042. 83VParagraph 83V
  1043. Time limits for claim
  1044. 83WParagraph 83W
  1045. Additional information to be provided in relation to claim
  1046. 83WAParagraph 83WA
  1047. Penalty
  1048. 83XParagraph 83X Repealed
  1049. Part 9E: Designation of losses as unrestricted losses for the purposes of Chapter 3 of Part 7A of the Corporation Tax Act 2010
  1050. Introduction
  1051. 83YParagraph 83Y
  1052. Designation to be made in company tax return
  1053. 83YAParagraph 83YA
  1054. Identification of losses
  1055. 83YBParagraph 83YB
  1056. Amendment or withdrawal of designation
  1057. 83YCParagraph 83YC
  1058. Part X: Special provisions
  1059. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1060. 84Paragraph 84 Repealed
  1061. Non-annual accounting of general insurance business
  1062. 85Paragraph 85
  1063. Insurance companies with non-annual actuarial investigations
  1064. 86Paragraph 86 Repealed
  1065. Friendly societies with non-annual actuarial investigations
  1066. 87Paragraph 87
  1067. Part 10A: SEs
  1068. Company ceasing to be UK resident on formation of SE by merger
  1069. 87AParagraph 87A
  1070. SE ceasing to be UK resident
  1071. 87BParagraph 87B
  1072. Meaning of SE
  1073. 87CParagraph 87C
  1074. Part XI: Supplementary provisions
  1075. Conclusiveness of amounts stated in return
  1076. 88Paragraph 88
  1077. Security for payments
  1078. 88AParagraph 88A
  1079. Penalty for fraud or negligence
  1080. 89Paragraph 89 Repealed
  1081. Multiple tax-related penalties in respect of same accounting period
  1082. 90Paragraph 90
  1083. UK Economic Interest Groupings and European Economic Interest Groupings
  1084. 91Paragraph 91
  1085. Notices of appeal
  1086. 92Paragraph 92
  1087. General jurisdiction of Special or General Commissioners
  1088. 93Paragraph 93 Repealed
  1089. Election to take appeal to Special Commissioners
  1090. 94Paragraph 94 Repealed
  1091. Meaning of “the Inland Revenue"
  1092. 95Paragraph 95 Repealed
  1093. The self-assessment appointed day
  1094. 96Paragraph 96
  1095. Construction of references to assessment
  1096. 97Paragraph 97
  1097. Meaning of TIOPA 2010
  1098. 97AParagraph 97A
  1099. Index of defined expressions
  1100. 98Paragraph 98
  1101. Schedule 19: Company tax returns, etc.: minor and consequential amendments
  1102. Taxes Management Act 1970 (c.9)
  1103. 1Paragraph 1
  1104. 2Paragraph 2
  1105. 3Paragraph 3
  1106. 4Paragraph 4 Repealed
  1107. 5Paragraph 5 Repealed
  1108. 6Paragraph 6
  1109. 7Paragraph 7
  1110. 8Paragraph 8 Repealed
  1111. 9Paragraph 9
  1112. 10Paragraph 10 Repealed
  1113. 11Paragraph 11
  1114. 12Paragraph 12
  1115. 13Paragraph 13
  1116. 14Paragraph 14
  1117. 15Paragraph 15
  1118. 16Paragraph 16
  1119. 17Paragraph 17
  1120. 18Paragraph 18 Repealed
  1121. 19Paragraph 19
  1122. 20Paragraph 20
  1123. 21Paragraph 21
  1124. 22Paragraph 22
  1125. 23Paragraph 23
  1126. 24Paragraph 24 Repealed
  1127. 25Paragraph 25 Repealed
  1128. 26Paragraph 26 Repealed
  1129. 27Paragraph 27
  1130. 28Paragraph 28
  1131. 29Paragraph 29
  1132. 30Paragraph 30
  1133. 31Paragraph 31 Repealed
  1134. 32Paragraph 32 Repealed
  1135. 33Paragraph 33
  1136. 34Paragraph 34
  1137. 35Paragraph 35
  1138. 36Paragraph 36 Repealed
  1139. 37Paragraph 37
  1140. 38Paragraph 38
  1141. 39Paragraph 39
  1142. 40Paragraph 40
  1143. 41Paragraph 41
  1144. 42Paragraph 42
  1145. 43Paragraph 43
  1146. Income and Corporation Taxes Act 1988 (c.1)
  1147. 44Paragraph 44
  1148. 45Paragraph 45
  1149. 46Paragraph 46 Repealed
  1150. 47Paragraph 47 Repealed
  1151. 48Paragraph 48
  1152. 49Paragraph 49 Repealed
  1153. 50Paragraph 50
  1154. 51Paragraph 51 Repealed
  1155. Schedule 20: Application of taper relief Repealed
  1156. Paragraph Repealed
  1157. Schedule 21: Amendments in connection with taper relief
  1158. Introductory
  1159. 1Paragraph 1
  1160. Gains of trustees attributed to settlor
  1161. 2Paragraph 2 Repealed
  1162. Annual exempt amount
  1163. 3Paragraph 3
  1164. Gains attributed to members of non-resident companies
  1165. 4Paragraph 4 Repealed
  1166. Carry back of losses on death
  1167. 5Paragraph 5
  1168. Gains attributed to settlors and beneficiaries
  1169. 6Paragraph 6
  1170. Gains on assets deriving from reorganisation of body carrying on a mutual business etc.
  1171. 7Paragraph 7 Repealed
  1172. Commercial letting of furnished holiday dwellings
  1173. 8Paragraph 8 Repealed
  1174. Delayed remittances in respect of foreign assets
  1175. 9Paragraph 9 Repealed
  1176. Schedule 22: Transitional provision and consequential amendments for section 131
  1177. Introductory
  1178. 1Paragraph 1
  1179. Transitional for settlements created before 17th March 1998
  1180. 2Paragraph 2
  1181. Consequential amendments of paragraphs 4 and 5 of Schedule 5 to the 1992 Act
  1182. 3Paragraph 3
  1183. Consequential amendment of paragraph 9 of Schedule 5 to the 1992 Act
  1184. 4Paragraph 4
  1185. Consequential amendment of Schedule 5A
  1186. 5Paragraph 5
  1187. Schedule 23: Transitional provision in connection with section 132
  1188. Pre-6th April 1999 gains and losses of settlements that become qualifying
  1189. 1Paragraph 1
  1190. Pre-6th April 1999 gains and losses where there is a transfer to another settlement
  1191. 2Paragraph 2
  1192. Pre-6th April 1999 gains and losses where there is a transfer to a foreign institution
  1193. 3Paragraph 3
  1194. Rule to prevent a double charge
  1195. 4Paragraph 4
  1196. 5Paragraph 5
  1197. Interpretation of Schedule
  1198. 6Paragraph 6
  1199. Schedule 24: Restrictions on setting losses against pre-entry gains Repealed
  1200. Paragraph Repealed
  1201. Schedule 25: Property of historic interest etc
  1202. Meaning of “the 1984 Act"
  1203. 1Paragraph 1
  1204. Claims for designation
  1205. 2Paragraph 2
  1206. 3Paragraph 3
  1207. Property capable of designation
  1208. 4Paragraph 4
  1209. Access to designated property
  1210. 5Paragraph 5
  1211. Publication of information about designated property
  1212. 6Paragraph 6
  1213. Undertakings on death, disposal of property, etc.
  1214. 7Paragraph 7
  1215. Variation of undertakings
  1216. 8Paragraph 8
  1217. 9Paragraph 9
  1218. 10Paragraph 10
  1219. Schedule 26: National loans
  1220. Amendment of National Loans Act 1968 (c.13)
  1221. 1Paragraph 1
  1222. Amendment of Finance Act 1993 (c.34)
  1223. 2Paragraph 2
  1224. Commencement
  1225. 3Paragraph 3
  1226. Schedule 27: Repeals
  1227. Part I: Excise duties
  1228. (1)Drawback of duty on beer
  1229. (2)Hydrocarbon oil duty
  1230. (3)Vehicle excise duty: rates where pollution reduced
  1231. (4)Vehicle excise and registration: nil licences
  1232. (5)Assessments for excise duty purposes
  1233. IIValue added tax
  1234. Part III: Income tax, corporation tax and capital gains tax
  1235. (1)Relief for qualifying maintenance payments
  1236. (2)Advance corporation tax
  1237. (3)Interest on gilt-edged securities
  1238. (4)Rents and other receipts from land
  1239. (5)Land managed as one estate etc.
  1240. (6)Computation of profits of trade, profession or vocation
  1241. (7)Construction workers supplied by agencies
  1242. (8)Sub-contractors in the construction industry
  1243. (9)Payments and other benefits in connection with termination of employment etc.
  1244. (10)Travelling expenses
  1245. (11)Foreign earnings deduction
  1246. (12)PAYE: application to non-cash benefits
  1247. (13)The enterprise investment scheme and venture capital trusts
  1248. (14)Other changes to EIS etc.
  1249. (15)Individual savings accounts
  1250. (16)Relief for losses on unlisted shares in trading companies
  1251. (17)Carry forward of non-trading deficit on loan relationships
  1252. (18)Capital allowances
  1253. (19)Life policies, life annuities and capital redemption policies
  1254. (20)Retirement benefit schemes
  1255. (21)Personal pension schemes
  1256. (22)Accrued income
  1257. (23)Dealers in securities etc
  1258. (24)Distributions and manufactured dividends: miscellaneous amendments
  1259. (25)Transfer pricing etc
  1260. (26)Directions by the Board
  1261. (27)Controlled foreign companies
  1262. (28)Company tax returns etc.
  1263. (29)Chargeable gains: applicable rate
  1264. (30)Chargeable gains: offshore settlements
  1265. (31)Retirement relief
  1266. (32)Abolition of certain CGT reliefs
  1267. IVInheritance tax
  1268. Part V: Other taxes
  1269. (1)Insurance premium tax
  1270. (2)Stamp duty
  1271. (3)Abolition of gas levy
  1272. (4)Dumping and subsidies
  1273. Part VI: Miscellaneous
  1274. (1)Treasury bills
  1275. (2)Securities