Finance Act 2020

Contents

2,979 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 1 · Income tax, corporation tax and capital gains tax
   1. Investments
   2. Pensions
   3. Chargeable gains
   4. Corporation tax charge and rates
   5. Employment income and social security income
   6. Income tax charge, rates etc
   7. Loan charge
   8. Miscellaneous measures affecting companies
   9. Reliefs for business
2. Part 2 · Digital services tax
   1. General
   2. Introduction
   3. Supplementary
   4. Accounting periods, accounts etc
   5. Charge to tax
   6. Digital services revenues, UK digital services revenues etc
   7. Duty to submit returns etc
   8. Groups, parents and members
3. Part 3 · Other taxes
   1. Air passenger duty
   2. Alcohol liquor duties
   3. Environmental taxes
   4. Gaming duty
   5. Hydrocarbon oil duties
   6. Import duty
   7. Inheritance tax
   8. Stamp duty and stamp duty reserve tax
   9. Stamp duty land tax
   10. Tobacco products duty
   11. Value added tax
   12. Vehicle taxes
4. Part 4 · Miscellaneous and final
   1. Administration
   2. Coronavirus
   3. Insolvency
   4. Other
   5. Compensation schemes etc
   6. General anti-abuse rule
   7. Joint and several liability
   8. Local loans
   9. Preparing for new tax
5. Schedule 1 · Workers' services provided through intermediaries
   1. Part 1 Amendments to Chapter 8 of Part 2 of ITEPA 2003
   2. Part 2 Amendments to Chapter 10 of Part 2 of ITEPA 2003
   3. Part 3 Consequential and miscellaneous amendments
   4. Part 4 Commencement and transitional provisions
6. Schedule 2 · The loan charge: consequential amendments
   1. Part 1 Amendments to F(No.2)A 2017 in consequence of section 15
   2. Part 2 Amendments in consequence of section 16
7. Schedule 3 · Entrepreneurs' relief
   1. Part 1 Reduction in lifetime limit
   2. Part 2 Re-naming the relief
8. Schedule 4 · Corporate capital losses
   1. Part 1 Corporate capital loss restriction
   2. Part 2 Corporate capital loss deductions: miscellaneous provision
   3. Part 3 Commencement and anti-forestalling provision
9. Schedule 5 · Structures and buildings allowances
   1. Introduction
   2. Research and development allowances
   3. Contribution allowances
   4. Minor amendments
   5. Commencement
10. Schedule 6 · Non-UK resident companies carrying on UK property businesses etc
    1. Calculation of non-trading profits and deficits from loan relationships or derivative contracts
    2. Debits referable to times before UK property business etc is carried on
    3. Duty to notify chargeability to corporation tax: exceptions
    4. Period for making election under regulation 6A of the Disregard Regulations
    5. Commencement
11. Schedule 7 · CT payment plans for tax on certain transactions with EEA residents
    1. CT payment plans
    2. Penalties
    3. Commencement
    4. Power of repeal
12. Schedule 8 · Digital services tax: returns, enquiries, assessments and appeals
    1. Part 1 Introduction
    2. Part 2 DST returns
    3. Part 3 Duty to keep and preserve records
    4. Part 4 Enquiry into return
    5. Part 5 HMRC determinations
    6. Part 6 HMRC assessments
    7. Part 7 Relief in case of overpaid tax
    8. Part 8 Appeals against HMRC decisions on tax
    9. Part 9 Penalties
13. Schedule 9 · DST payment notices
    1. Introduction
    2. Payment notice: effect
    3. Payment notice: appeals
    4. Payment notices: effect of making payment etc
14. Schedule 10 · Digital services tax: minor and consequential amendments
    1. Provisional Collection of Taxes Act 1968
    2. Fa 1989
    3. Fa 2007
    4. Fa 2008
15. Schedule 11 · Private pleasure craft
    1. Amendments of HODA 1979
    2. Other amendments
    3. General
16. Schedule 12 · Carbon emissions tax
    1. Introduction
    2. Power to set emissions allowance
    3. Power to make further provision by regulations
    4. Interpretation
    5. Commencement and transitional provision
    6. Penalty for failure to make payments on time
    7. Commencement
17. Schedule 13 · Joint and several liability of company directors etc
    1. Introduction
    2. Tax avoidance and tax evasion cases
    3. Repeated insolvency and non-payment cases
    4. Cases involving penalty for facilitating avoidance or evasion
    5. “Tax-avoidance arrangements”
    6. “Tax-evasive conduct”
    7. “Insolvency procedure” etc
    8. Interaction with penalties
    9. Withdrawal or modification of notice
    10. Right of review
    11. Reviews under paragraph 11
    12. Right of appeal
    13. Appeals under paragraph 13
    14. Appeal in respect of liability of company
    15. Proceedings for determination of penalty to be imposed on company
    16. Cases where company has ceased to exist
    17. Application to limited liability partnerships
    18. Interpretation
18. Schedule 14 · Amendments relating to the operation of the GAAR
    1. Introduction
    2. Protecting adjustments under the GAAR before time limits expire
    3. Minor amendments
    4. Commencement
19. Schedule 15 · Tax relief for scheme payments etc
    1. Part 1 Income tax and other related relief
    2. Part 2 Corporation tax and other related relief
20. Schedule 16 · Taxation of coronavirus support payments
    1. Accounting for coronavirus support payments referable to a business
    2. Amounts not referable to activities of a business which is being carried on
    3. Amounts referable to businesses in certain cases
    4. Exemptions, reliefs and deductions
    5. Charge where employment costs deductible by another
    6. Charge where no business carried on
    7. Modification of the Tax Acts
    8. Charge if person not entitled to coronavirus support payment
    9. Assessments of income tax chargeable under paragraph 8
    10. Calculation of income tax liability
    11. Calculation of tax liability: companies chargeable to corporation tax
    12. Notification of liability under paragraph 8
    13. Penalty for failure to notify: knowledge of non-entitlement to payment
    14. Penalties: partnerships
    15. Liability of officers of insolvent companies