- arrangements
means arrangements of any kind whether inwriting or not, • “close investment-holding company” has the meaning given bysection 13A, and • “eligible person”, in relation to a qualifying distribution,means an individual resident in the United Kingdom who would (apart fromsubsection (3A) above) be entitled to have paid to him under subsection (3)above all or part of a tax credit in respect of the distribution. 3D In determining under subsection (3) above whether a person is entitled tohave any excess of tax credit paid to him in a case where subsection (3A)above applies, tax credits shall be set against income tax in the order thatresults in the greatest payment in respect of the
- associate
has the meaning given by section 448 of the Corporation Tax Act 2010, but subject to sub-paragraph (3) below,
- charity
has the same meaning as in section 506 of the TaxesAct 1988.
- child trust fund
has the same meaning as in the Child Trust Funds Act 2004, • “the Commissioners” means the Commissioners of Customs and Excise, • “contributions” means contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;
- child trust fund functions
means the functions relating to child trust funds—
- close investment-holding company
has the meaning given bysection 13A, and • “eligible person”, in relation to a qualifying distribution,means an individual resident in the United Kingdom who would (apart fromsubsection (3A) above) be entitled to have paid to him under subsection (3)above all or part of a tax credit in respect of the distribution. 3D In determining under subsection (3) above whether a person is entitled tohave any excess of tax credit paid to him in a case where subsection (3A)above applies, tax credits shall be set against income tax in the order thatresults in the greatest payment in respect of the excess.”
- contributions
means contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;
- control
has the meaning given by section 995 of the Income Tax Act 2007, and
- Crown servant
has the same meaning as in the Official Secrets Act 1989, • “tax credit” means a tax credit under the Tax Credits Act 2002, and • “tax or duty” means any tax or duty within the general responsibility of the Commissioners or the Board.
- dispose
includes “lend” and “let on hire”, and “acquire” shall be interpreted accordingly. 4 A person guilty of an offence under this section may be detained and shall be liable— a on summary conviction, to a penalty of the statutory maximum or of three times the value of the goods (whichever is the greater), or to imprisonment for a term not exceeding six months, or to both, or b on conviction on indictment, to a penalty of any amount, or to imprisonment for a term not exceeding seven years, or to both.”
- duty of customs
includes any agricultural levy within the meaning of section 6 of the European Communities Act 1972 chargeable on goods imported into the United Kingdom, and “duty of excise” means any duty of excise chargeable on goods and includes any addition to excise duty by virtue of section 1 of the Excise Duties (Surcharges or Rebates) Act 1979. 7 For the purposes of this section and section 13C of this Act, where in respect of any person to whom this section applies relief is conferred (whether by virtue of an order under this section or otherwise) in relation to the use of goods by any persons or for any purposes, the relief is to be treated as conferred subject to a condition bin
- duty of excise
means any duty of excise chargeable on goods and includes any addition to excise duty by virtue of section 1 of the Excise Duties (Surcharges or Rebates) Act 1979. 7 For the purposes of this section and section 13C of this Act, where in respect of any person to whom this section applies relief is conferred (whether by virtue of an order under this section or otherwise) in relation to the use of goods by any persons or for any purposes, the relief is to be treated as conferred subject to a condition binding on him that the goods will be used only by those persons or for those purposes. 8 Nothing in any order under this section shall be construed as authorising a person to imp
- Dwelling
includes a garage constructed at the same time asa dwelling for occupation together with it. 3 Use for a relevant residential purpose means use as— a a home or other institution providing residential accommodation forchildren;
- eligible contract
has the meaning given by section 55 above, and • “prescribed” means prescribed by or, in relation to form, under the regulations.
- employee benefit trust
has the same meaning as in paragraph 7 of Schedule 8 to the Taxes Act 1988, except that in its application for this purpose paragraph 7(5)(b) of that Schedule shall have effect as if it referred to the day on which this Act was passed instead of to 14th March 1989.
- existing statutory provisions
means the provisions of thatAct as they had effect immediately before the coming into force of section181.
- gilt-edged security
has the same meaning as in paragraph1 above.
- Grant
includes an assignment, other than an assignment ofan interest made to the person to whom a surrender of the interest could bemade. 2 A building shall be taken to be completed when an architect issues acertificate of practical completion in relation to it or it is first fullyoccupied, whichever happens first;
- Holiday accommodation
includes any accommodation advertisedor held out as such. 11 A seasonal pitch is a pitch— a which is provided for a period of less than a year;
- Houseboat
includes a houseboat within the meaning of Group11 of Schedule 5 to this Act. 10 “Holiday accommodation” includes any accommodation advertisedor held out as such. 11 A seasonal pitch is a pitch— a which is provided for a period of less than a year;
- identifiable person
means a person whose identity is specified in the disclosure or can be deduced from it.
- indictable offence
means an offence which, if committed by an adult, is punishable on conviction on indictment (whether only on conviction on indictment, or either on conviction on indictment or on summary conviction);
- legatee
includes any person taking (whether beneficiallyor as trustee) under a testamentary disposition or on an intestacy or partialintestacy, including any person taking by virtue of an appropriation by thepersonal representatives in or towards satisfaction of a legacy or otherinterest or share in the deceased’s property.
- market value
has the same meaning as it has for the purposes of the SIP code (see paragraph 92 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003);
- Mooring
includes anchoring or berthing. 13 Paragraph (k) shall not apply where the grant of the facilities isfor— a a continuous period of use exceeding twenty-four hours;
- new statutory provisions
means the provisions of the Broadcasting Act 1981 as amended by this Act;
- original funds
means any money held by the trustees of the employee share ownership trust in a bank or building society account at midnight on 20th March 2000, and
- participator
has the meaning given by section 454 of the Corporation Tax Act 2010.
- prescribed
means prescribed by or, in relation to form, under the regulations.
- proceedings for a summary offence
means summary proceedings. 6 In the application of this section to Northern Ireland— a “indictable offence” means an offence which, if committed by an adult, is punishable on conviction on indictment (whether only on conviction on indictment, or either on conviction on indictment or on summary conviction);
- proceedings for an indictable offence
means proceedings on indictment;
- prosecuting authority
means the Commissioners and includes, in Scotland, the procurator fiscal.”
- qualifying indexed security
has the meaning given byparagraph 2 below, and
- registered housing association
means a registered housing association within the meaning of the Housing Associations Act 1985 or Part VII of the Housing (Northern Ireland) Order 1981. 3 Subsections (2) to (5) of section 23 and subsection (4) of section 24above shall apply in relation to subsection (1) above as they apply inrelation to section 24(1).”
- relative
means parent or remoter forebear, child or remoterissue, brother, sister, uncle, aunt, nephew or niece. 8 This sub-paragraph applies in relation to an employee if at any time onor after 14th March 1989— a the employee, either on his own or with any one or more of his associates,or b any associate of his, with or without other such associates, has been the beneficial owner of, or able (directly or through the mediumof other companies or by any other indirect means) to control, more than 25per cent. of the ordinary share capital of the company. 9 Where— a on or after 14th March 1989 an employee of a company, or an associate ofhis, receives a payment (“the relevant payment”) from the trustees of anemployee benefit trust, and b at any time during the period of three years ending with the day on whichthe relevant payment is received, the property subject to the trust consistsof or includes any part of the ordinary share capital of the company, the employee or associate shall be treated for the purposes ofsub-paragraph (8) above as if he were the beneficial owner of the appropriatepercentage of the ordinary share capital of the company on the day on whichthe relevant payment i
- relevant shares
means— (i) shares that are held by the trustees of the employee share ownership trust at midnight on 20th March 2000, and (ii) shares purchased by those trustees with original funds after that time.
- relevant zero-rated supply
means a grant or other supplytaking place on or after 1st April 1989 which— a relates to a building intended for use solely for a relevant residentialpurpose or a relevant charitable purpose or part of such a building;
- Similar establishment
includes premises in which there isprovided furnished sleeping accommodation, whether with or without theprovision of board or facilities for the preparation of food, which are usedby or held out as being suitable for use by visitors or travellers. 9 “Houseboat” includes a houseboat within the meaning of Group11 of Schedule 5 to this Act. 10 “Holiday accommodation” includes any accommodation advertisedor held out as such. 11 A seasonal pitch is a pitch— a which is provided for a period of less than a year;
- social security functions
means—
- stock exchange nominee
means a person designated for the purposes of section 127 of the Finance Act 1976 as a nominee of The Stock Exchange by an order made by the Secretary of State under subsection (5) of that section.
- summary offence
means an offence which, if committed by an adult, is punishable only on summary conviction. 7 In this section, “prosecuting authority” means the Commissioners and includes, in Scotland, the procurator fiscal.”
- tax credit
means a tax credit under the Tax Credits Act 2002, and • “tax or duty” means any tax or duty within the general responsibility of the Commissioners or the Board.
- tax credit functions
means the functions relating to tax credits—
- tax functions
means functions relating to tax or duty—
- tax or duty
means any tax or duty within the general responsibility of the Commissioners or the Board.
- the appointed day
means such day as theTreasury may by order made by statutory instrument appoint;
- the Arbitration Convention
has the meaning given by section 126 of the Taxation (International and Other Provisions) Act 2010;
- the Board
means the Commissioners of Inland Revenue, • “child trust fund” has the same meaning as in the Child Trust Funds Act 2004, • “the Commissioners” means the Commissioners of Customs and Excise, • “contributions” means contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;
- the Commissioners
means the Commissioners of Customs and Excise, • “contributions” means contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;
- the initial chargeable event
means the event referred to in subsection (1)(a) above, and
- the person responsible
means the Commissioners, the Board, the Comptroller and Auditor General, the Comptroller and Auditor General for Northern Ireland, the Parliamentary Commissioner, the Auditor General for Wales, the Public Services Ombudsman for Wales or the Scottish Public Services Ombudsman, as the case requires.
- the relevant time
means that time.
- the Taxes Act 1970
means the Income and Corporation Taxes Act 1970 and “the Taxes Act1988” means the Income and Corporation Taxes Act1988.
- the Taxes Act1988
means the Income and Corporation Taxes Act1988.
- the total outstanding amount
means the total amount outstanding, at the time the initial chargeable event occurs, in respect of the principal of an amount or amounts borrowed at any time by the trustees.
- transfer
includes “redemption”.