Finance Act 2000

Contents

8,625 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. Part I · Excise duties
   1. Air passenger duty
   2. Alcoholic liquor duties
   3. Amusement machine licence duty
   4. Enforcement of duties
   5. Gaming duty
   6. Hydrocarbon oil duties
   7. Tobacco products duty
   8. Vehicle excise duty
2. Part II · Climate change levy
   1. 30 Climate change levy.
3. Part III · Income Tax, Corporation Tax and Capital Gains Tax
   1. Chapter I Charge and rates
   2. Chapter II Other provisions
4. Part IV · Stamp duty and Stamp duty reserve tax
   1. Stamp duty
   2. Stamp duty and Stamp duty reserve tax
5. Part V · Other taxes
   1. Inheritance tax
   2. Landfill tax
   3. Petroleum revenue tax
   4. Value added tax
6. Part VI · Miscellaneous and supplementary provisions
   1. Compliance
   2. Incentives for electronic communications
   3. Provisions relating to government finance
   4. Supplementary provisions
7. Schedule 1 · Mixing of rebated light oils
   1. Converting unleaded petrol into leaded petrol
   2. Converting unleaded petrol into higher octane unleaded petrol
   3. Mixing different kinds of unleaded petrol
   4. Interpretation
8. Schedule 2 · Amusement machine licence duty
   1. Introduction
   2. Exceptions from requirement to be licensed
   3. Amusement machine licence duty
   4. Amount of duty
   5. Meaning of amusement machine
   6. Supplementary provisions
   7. Paragraphs 2 to 6: commencement
   8. Seasonal licences: duration
   9. Unlicensed amusement machines: duty chargeable
9. Schedule 3 · Vehicle excise duty on new cars and vans
10. Schedule 4 · Vehicle excise duty: enforcement provisions for graduated rates
    1. Introduction
    2. Particulars to be furnished on application for licence
    3. Power to require evidence in support of application
    4. Powers exercisable where licence issued on basis of incorrect application
    5. Power to declare licence void
    6. Power to require payment of balance of duty
    7. Power to require delivery up of licence
    8. Power to require delivery up of licence and payment in respect of duty
    9. Failure to deliver up licence
    10. Failure to deliver up licence: additional liability
    11. Meaning of the “relevant period"
    12. Construction and effect
11. Schedule 5 · Rates of vehicle excise duty on goods vehicles
    1. (1) Part VIII of Schedule 1 to the Vehicle Excise and...
    2. (2) For the Table in paragraph 9(1) (rigid goods vehicles not...
    3. (3) For the Table in paragraph 9B (rigid goods vehicles satisfying...
    4. (4) For the Table in paragraph 11(1) (tractive units not satisfying...
    5. (5) For the Table in paragraph 11B (tractive units satisfying reduced...
    6. (6) (1) In the following provisions— (a) in paragraph 11(1), after...
12. Schedule 6 · Climate change levy
    1. Part I The levy
    2. Part II Taxable supplies
    3. Part III Time of supply
    4. Part IV Payment and rate of levy
    5. Part IX Civil penalties
    6. Part V Registration
    7. Part VI Credits and repayments
    8. Part VII Recovery and interest
    9. Part VIII Evasion, misdeclaration and neglect
    10. Part X Non-residents, groups and other special cases
    11. Part XI Review and appeal
    12. Part XII Information and evidence
    13. Part XIII Miscellaneous and supplementary
    14. Part XIV Interpretation
13. Schedule 7 · Climate change levy: consequential amendments
    1. Provisional Collection of Taxes Act 1968 (c.2)
    2. Bankruptcy (Scotland) Act 1985 (c.66)
    3. Insolvency Act 1986 (c.45)
    4. Income and Corporation Taxes Act 1988 (c.1)
    5. Insolvency (Northern Ireland) Order 1989 (N.I. 19)
    6. Finance Act 1996 (c.8)
    7. Finance Act 1997 (c.16)
14. Schedule 8
    1. Part I Introductory
    2. Part II General requirements
    3. Part III Eligibility of individuals
    4. Part IV Free shares
    5. Part IX The trustees
    6. Part V Partnership shares
    7. Part VI Matching shares
    8. Part VII Reinvestment of cash dividends
    9. Part VIII Types of share that may be used
    10. Part X Income tax
    11. Part XI Capital gains tax
    12. Part XII Corporation tax deductions
    13. Part XIII Supplementary provisions
15. Schedule 9 · New Schedule 7C to the Taxation of Chargeable Gains Act 1992
16. Schedule 10
    1. Introduction
    2. Accommodation, supplies or services used in performing duties of employment
    3. Power to provide by regulations for exemption of minor benefits
    4. Beneficial loans: exception of loan where whole of interest qualifies for relief
    5. Beneficial loans: loans on ordinary commercial terms
    6. Beneficial loans: apportionment of benefit in case of joint loan etc.
17. Schedule 11
    1. (1) (1) Schedule 6 to the Taxes Act 1988 (taxation of...
    2. (2) In section 168AB of the Taxes Act 1988 (equipment etc....
18. Schedule 12 · Provision of services through an intermediary
    1. Part I Application of this Schedule
    2. Part II The deemed Schedule E payment
    3. Part III Supplementary provisions
19. Schedule 13 · Occupational and personal pension schemes
    1. Part I Amendments of the Taxes Act 1988
    2. Part II Transitional provisions
20. Schedule 14
    1. Part I Introductory
    2. Part II General requirements
    3. Part III Qualifying companies
    4. Part IV Eligible employees
    5. Part IX Supplementary provisions
    6. Part V Requirements as to terms of option etc.
    7. Part VI Income tax
    8. Part VII Capital gains tax
    9. Part VIII Company reorganisations
21. Schedule 15 · The corporate venturing scheme
    1. Part I Investment relief: introduction
    2. Part II The investing company
    3. Part III The issuing company
    4. Part IV General requirements
    5. Part IX Company restructuring
    6. Part V Investment relief
    7. Part VI Withdrawal of investment relief
    8. Part VII Relief for losses on disposals of shares
    9. Part VIII Deferral relief
    10. Part X Advance clearance
    11. Part XI Supplementary and general
22. Schedule 16 · Corporate venturing scheme: consequential amendments
    1. Penalties in connection with returns etc.
    2. Enterprise investment scheme
    3. Loss relief
    4. EIS: deferral relief
    5. Company tax returns, assessments etc.
23. Schedule 17 · Enterprise investment scheme: amendments
    1. Part I Reduction of applicable periods
    2. Part II Qualifying companies
    3. Part III Other amendments
24. Schedule 18 · Venture capital trusts: amendments
    1. Part I Reduction of applicable periods
    2. Part II Qualifying holdings
25. Schedule 19 · Meaning of “research and development"
    1. Part I The new definition
    2. Part II Consequential amendments
26. Schedule 20 · Tax relief for expenditure on research and development
    1. Part I Entitlement to relief
    2. Part II Manner of giving effect to relief
    3. Part III Supplementary provisions
27. Schedule 21 · R&D tax credits: consequential amendments
    1. Interest
    2. Claim must be made in tax return
    3. Recovery of excessive R&D tax credit
    4. Claims for R&D tax credits
28. Schedule 22 · Tonnage tax
    1. Part I Introductory
    2. Part II Tonnage tax elections
    3. Part III Qualifying companies and groups
    4. Part IV The training requirement
    5. Part IX The ring fence: capital allowances: general
    6. Part V Other requirements
    7. Part VI Relevant shipping profits
    8. Part VII The ring fence: general provisions
    9. Part VIII Chargeable gains and allowable losses on tonnage tax assets
    10. Part X The ring fence: capital allowances: ship leasing
    11. Part XI Special rules for offshore activities
    12. Part XII Groups, mergers and related matters
    13. Part XIII Application of provisions to partnerships
    14. Part XIV Withdrawal of relief etc. on company leaving tonnage tax
    15. Part XV Supplementary provisions
29. Schedule 23 · Tax treatment of amounts relating to acquisition etc. of certain rights
    1. Rights to which this Schedule applies
    2. Tax treatment of expenditure on acquisition and receipts from disposal
    3. Tax treatment of amounts arising from revaluation
    4. Tax treatment must accord with accounting approach in relevant group accounts
    5. Interpretation
    6. Transitional provision in relation to IRUs
30. Schedule 24 · New Schedule 4A to the Taxation of Chargeable Gains Act 1992
31. Schedule 25 · New Schedule 4B to the Taxation of Chargeable Gains Act 1992
32. Schedule 26 · Transfers of value: attribution of gains to beneficiaries
    1. Part I New Schedule 4C to the Taxation of Chargeable Gains Act 1992
    2. Part II Consequential amendments
33. Schedule 27 · Group relief in case of non-resident companies etc.
    1. Part I Amendments of Chapter IV of Part X of the Taxes Act 1988
    2. Part II Consequential amendments
34. Schedule 28 · Recovery of tax payable by non-resident company
    1. Introduction
    2. Companies that may be required to pay unpaid tax
    3. Notice requiring payment of unpaid tax
    4. Time limit for giving notice
    5. Limit on amount payable in consortium case
    6. Supplementary provisions
35. Schedule 29 · Chargeable gains: non-resident companies and groups etc.
    1. Part I Application of Taxation of Chargeable Gains Act 1992
    2. Part II Minor and consequential amendments
    3. Part III Transitional provisions
36. Schedule 30 · Double taxation relief
    1. Power to make treaty provision for matching credit for tax spared in foreign country
    2. Matching credit for tax spared below immediate overseas subsidiary: treaty relief
    3. Matching credit for tax spared below immediate overseas subsidiary: unilateral relief
    4. Relief for persons resident outside the UK who have branches or agencies in the UK
    5. No double relief etc.
    6. Limits on credit: minimisation of the foreign tax
    7. Foreign tax on amounts underlying non-trading credits
    8. Restriction of relief for underlying tax
    9. Computation of underlying tax: the relevant profits
    10. Dividends paid between related companies but not covered by arrangements
    11. Restriction of relief for underlying tax: dividends paid between related companies
    12. Dividends paid out of transferred profits
    13. Separate streaming of dividend so far as representing an ADP dividend of a CFC
    14. UK insurance companies trading overseas: repeal of section 802
    15. Underlying tax: foreign taxation of group as a single entity
    16. Life assurance companies with overseas branches etc: restriction of credit
    17. Allocation of foreign tax to different categories of insurance business
    18. Allocation of expenses etc in a computation under Case I of Schedule D
    19. Interpretation of sections 804A to 804E
    20. Time limits for claims for credit relief
    21. Foreign dividends: onshore pooling and utilisation of certain unrelieved foreign tax
    22. Application of foreign dividend provisions to branches or agencies in the UK of persons resident elsewhere
    23. Unrelieved foreign tax: profits of overseas branch or agency
    24. Foreign tax on amounts underlying non-trading credits
    25. Royalties: special relationship
    26. Postponement of capital allowances to obtain double taxation relief
    27. Time limits where reduction under s.811 rendered excessive or insufficient
    28. Mutual agreement procedure
    29. Restriction of interest on repayment of tax resulting from carry back of relievable tax
    30. Time limits where deduction under s.278 of the 1992 Act rendered excessive or insufficient
37. Schedule 31 · Controlled foreign companies
    1. Introductory
    2. Conditions for company to be controlled foreign company
    3. Designer rate tax provisions: deemed lower level of taxation
    4. “Control" and the two “40 per cent" tests
    5. Exempt activities: wholesale, distributive, financial or service business
    6. Local holding companies
    7. Other holding companies
    8. Businesses to which requirement as to derivation of receipts applies
    9. Commencement
38. Schedule 32 · Stamp duty on seven year leases: transitional provisions
    1. Introductory
    2. Instruments to which this Schedule applies
    3. Instruments which remain duly stamped
    4. Instruments which cease to be duly stamped
    5. Stamping following earlier adjudication
    6. Use of instruments in evidence, etc.
    7. Adjudication, interest and penalties
39. Schedule 33 · Power to vary stamp duties
    1. Power of Treasury to make provision by regulations
    2. Power only to be used for cases involving land or shares etc.
    3. Power not to be used to vary rates or thresholds
    4. Approval of regulations by House of Commons
    5. Claim for repayment if regulations not approved
    6. Use in evidence, etc. of instruments affected by regulations ceasing to have effect
    7. Temporary effect of regulations
    8. Power to make transitional etc. provision
    9. Interpretation
40. Schedule 34 · Abolition of stamp duty on instruments relating to intellectual property: supplementary provisions
    1. Introduction
    2. Stamp duty reduced in certain other cases
    3. Apportionment of consideration for stamp duty purposes
    4. Certification of instruments for stamp duty purposes
    5. Acquisition under statute
41. Schedule 35 · Value added tax: charge at reduced rate
    1. (1) Schedule A1 to the Value Added Tax Act 1994 (charge...
    2. (2) (1) Paragraph 1(1) (supplies benefiting from the reduced rate) is...
    3. (3) For paragraph 1(1A) (supplies benefit from reduced rate only if...
    4. (4) In paragraph 1(1B) (interpretation of sub-paragraph (1A))—
    5. (5) In paragraph 5(3)(c), for “disability working allowance" substitute “ disabled...
    6. (6) In paragraph 5(3)(d), for “family credit" substitute “ working families’...
    7. (7) In paragraph 5 (interpretation), after sub-paragraph (3) insert—
    8. (8) (1) Paragraph 5(4) (meaning of “energy-saving materials”) is amended as...
    9. (9) In paragraph 5, after sub-paragraph (4) insert—
    10. (10) In paragraph 5(5) (meaning of “relevant scheme”), for “paragraph 1(1A)...
42. Schedule 36 · New Schedule 3A to the Value Added Tax Act 1994
43. Schedule 37 · Landfill tax: new Part VIII of Schedule 5 to the Finance Act 1996
44. Schedule 38 · Regulations for providing incentives for electronic communications
    1. Introduction
    2. Kinds of incentive
    3. Conditions of entitlement
    4. Withdrawal of entitlement
    5. Power to authorise provision by directions
    6. Power to provide for penalties
    7. General supplementary provisions
    8. Interpretation
45. Schedule 39 · New Schedule 1AA to the Taxes Management Act 1970
46. Schedule 40 · Repeals
    1. Part I Excise duties
    2. Part II Income tax, corporation tax and capital gains tax
    3. Part III Stamp duty and stamp duty reserve tax
    4. Part IV Value Added Tax
    5. Part V Information powers