EUROPEAN CONVENTION ON HUMAN RIGHTS
Mr Chancellor of the Exchequer has made the following statement under section
19(1)(a) of the Human Rights Act 1998:
In my view the provisions of the Finance Bill are compatible with the Convention
rights.
This Bill is divided into two volumes. Volume I contains the Clauses and Schedules
1 to 6. Volume II contains Schedules 7 to 34.
Part 1
Income tax, corporation tax and capital gains tax
Chapter 1
Charge, rates etc
Income tax
Corporation tax
Capital gains tax
Capital allowances
Chapter 2
Income tax: general
Exemptions and reliefs
Other provisions
17. Recovery under PAYE regulations from certain company officers
18. Employment intermediaries: information powers and related penalties
19. Payments by employer on account of tax where deduction not possible
20. PAYE obligations of UK intermediary in cases involving non-UK employer
21. Oil and gas workers on the continental shelf: operation of PAYE
Chapter 3
Corporation tax: general
26. Release of debts: stabilisation powers under Banking Act 2009
29. Disguised distribution arrangements involving derivative contracts
30. Avoidance schemes involving the transfer of corporate profits
33. Television tax relief: activities to be treated as separate trade
37. Transfer of deductions: research and development allowances
Chapter 4
Other provisions
Pensions
Sporting events
Employee share schemes
Investment reliefs
Social investment relief
Capital gains
Capital allowances
Oil and gas
Partnerships
Transfer pricing
Part 2
Excise duties and other taxes
Alcohol
Tobacco
Air passenger duty
Vehicle excise duty
75. VED rates for light passenger vehicles, light goods vehicles, motorcycles etc
77. VED rates: use for exceptional loads, rigid goods vehicles and tractive units
78. VED: extension of old vehicles exemption from 1 April 2014
79. VED: extension of old vehicles exemption from 1 April 2015
80. Abolition of reduced VED rates for meeting reduced pollution requirements
82. Vehicles subject to HGV road user levy: amount of 6 month licence
HGV road user levy
Aggregates levy
Climate change levy
Landfill tax
Excise and customs duties: general
Value added tax
Stamp duty land tax and annual tax on enveloped dwellings
Stamp duty reserve tax and stamp duty
Inheritance tax
Estate duty
Bank levy
Gaming duty
Bingo duty
Machine games duty
Part 3
General betting duty, pool betting duty and remote gaming duty
Chapter 1
General betting duty
The duty
General and spread bets
Pool betting on horse and dog races
Stake money and winnings
Exchanges
Payment
Chapter 2
Pool betting duty
Chapter 3
Remote gaming duty
Chapter 4
General
Administration
Security and enforcement
Offences and evidence
Review and appeal
Definitions
Supplementary
Part 4
Follower notices and accelerated payments
Chapter 1
Introduction
Overview
Main definitions
Chapter 2
Follower notices
Giving of follower notices
Representations
Penalties
Partners and partnerships
Appeals out of time
Transitional provision
Defined terms
Chapter 3
Accelerated payment
Accelerated payment notices
Forms of accelerated payment
Penalties
Withdrawal etc of accelerated payment notice
Partners and partnerships
Defined terms
Chapter 4
Miscellaneous and general provision
Stamp duty land tax and annual tax on enveloped dwellings
Extension of Part by order
Consequential amendments
Part 5
Promoters of tax avoidance schemes
Introduction
Conduct notices
Monitoring notices: procedure and publication
Allocation and distribution of promoter reference number
Obtaining information and documents
247. Meaning of “monitored proposal” and “monitored arrangements”
249. Tribunal approval for certain uses of power under section 248
250. Ongoing duty to provide information following HMRC notice
251. Duty of person dealing with non-resident monitored promoter
252. Monitored promoters: duty to provide information about clients
253. Intermediaries: duty to provide information about clients
255. Information required for monitoring compliance with conduct notice
257. Failure to provide information: application to tribunal
Obtaining information and documents: appeals
Obtaining information and documents: supplementary
Penalties
Offences
Supplemental
Part 6
Other provisions
Anti-avoidance
Code of Practice on Taxation of Banks
278. The Code of Practice on Taxation for Banks: HMRC to publish reports
279. The Code of Practice on Taxation for Banks: “participating” groups or entities
280. The Code of Practice on Taxation for Banks: operation & breaches of the Code
281. The Code of Practice on Taxation for Banks: documents relating to the Code
Offshore funds
Employee-ownership trusts
Trusts
International matters
Financial sector regulation
Scotland
Limitation periods
Local loans
Part 7
Final provisions
Transitional provision relating to new standard lifetime
allowance for the tax year 2014-15 etc
Extended ring fence expenditure supplement for onshore
activities
Abolition of reduced rates for vehicles satisfying reduced
pollution requirements
Climate change levy: exemptions for mineralogical and
metallurgical processes etc
Supplies of electronic, broadcasting and telecommunication
services: special accounting schemes
Abolition of stamp duty and SDRT: securities on recognised
growth markets