Finance (No. 2) Bill (HL Bill 128)

Contents

1. Part 1

   Direct and indirect taxes

   1. Income tax charge and rates

      1. 1. Income tax charge for tax year 2017-18

      2. 2. Main rates of income tax for tax year 2017-18

      3. 3. Default and savings rates of income tax for tax year 2017-18

      4. 4. Starting rate limit for savings for tax year 2017-18

   2. Corporation tax charge

      1. 5. Corporation tax charge for financial year 2018

   3. Income tax: general

      1. 6. Workers’ services provided to public sector through intermediaries

      2. 7. Optional remuneration arrangements

      3. 8. Taxable benefits: asset made available without transfer

      4. 9. Overseas pensions

      5. 10. Pensions: offshore transfers

      6. 11. Deduction of income tax at source

   4. Employee shareholder shares

      1. 12. Employee shareholder shares: amount treated as earnings

      2. 13. Employee shareholder shares: abolition of CGT exemption

      3. 14. Employee shareholder shares: purchase by company

   5. Disguised remuneration

      1. 15. Employment income provided through third parties

   6. Indirect taxes

      1. 16. VAT: zero-rating of adapted motor vehicles etc

      2. 17. Insurance premium tax: standard rate

      3. 18. Insurance premium tax: anti-forestalling provision

      4. 19. Air passenger duty: rates from 1 April 2017

      5. 20. Vehicle excise duty: rates

      6. 21. Alcoholic liquor duties: rates

      7. 22. Tobacco products duty: rates

      8. 23. Tobacco products duty: minimum excise duty

   7. Avoidance

      1. 24. Promoters of tax avoidance schemes: threshold conditions etc

2. Part 2

   Soft drinks industry levy

   1. Introductory

      1. 25. Soft drinks industry levy

      2. 26. “Soft drink” and “package”

      3. 27. Meaning of “prepared drink”

   2. Chargeable soft drinks

      1. 28. Meaning of “chargeable soft drink”

      2. 29. Sugar content condition

      3. 30. Exempt soft drinks

   3. Charging of the soft drinks industry levy

      1. 31. Charge to soft drinks industry levy

      2. 32. Chargeable events: soft drinks packaged in the UK

      3. 33. Chargeable events: soft drinks imported into the UK

      4. 34. Secondary warehousing regulations

      5. 35. Liability to pay the levy

      6. 36. Levy rates

   4. Exemption etc

      1. 37. Small producer exemption

      2. 38. Meaning of “small producer”

      3. 39. Tax credits

   5. Registration

      1. 40. The register

      2. 41. Liability to register: packagers

      3. 42. Liability to register: producers

      4. 43. Liability to register: imported chargeable soft drinks

      5. 44. Notification of liability and registration

      6. 45. Voluntary registration: small producers

      7. 46. Cancellation of registration under section 41, 42 or 43

      8. 47. Cancellation of voluntary registration

      9. 48. Correction of the register

      10. 49. Applications, notifications etc

   6. Offences

      1. 50. Fraudulent evasion

      2. 51. Failure to notify registration liability

   7. Administration and enforcement

      1. 52. Payment, collection and recovery

      2. 53. Records

      3. 54. Power to make further provision about enforcement

      4. 55. Appeals etc

      5. 56. Supplementary amendments

   8. Miscellaneous

      1. 57. Regulations: death, incapacity or insolvency of person carrying on a business

      2. 58. Provisional collection of soft drinks industry levy

   9. General

      1. 59. Interpretation

      2. 60. Regulations

      3. 61. Commencement

3. Part 3

   Final

   1. 62. Interpretation

   2. 63. Short title

4. 1. Schedule 1

      Workers’ services provided to public sector through
      intermediaries

      1. Part 1

         Preliminary amendments

      2. Part 2

         New Chapter 10 of Part 2 of ITEPA 2003

      3. Part 3

         Consequential amendments

      4. Part 4

         Commencement

   2. Schedule 2

      Optional remuneration arrangements

   3. Schedule 3

      Overseas pensions

      1. Part 1

         Registered pension schemes established outside the UK

      2. Part 2

         Income tax on pension income

      3. Part 3

         Lump sums for UK residents from foreign pension schemes

   4. Schedule 4

      Pensions: offshore transfers

      1. Part 1

         Charges where payments made in respect of overseas
         pensions

      2. Part 2

         Income tax on pension transfers: overseas transfer charge

   5. Schedule 5

      Deduction of income tax at source

      1. Part 1

         Interest distributions of investment trust or authorised
         investment fund

      2. Part 2

         Interest on peer-to-peer lending

      3. Part 3

         Further amendment and commencement

   6. Schedule 6

      Employment income provided through third parties

   7. Schedule 7

      VAT: zero-rating of adapted motor vehicles etc

   8. Schedule 8

      Soft drinks industry levy: recovery and overpayments

      1. Part 1

         Recovery

      2. Part 2

         Overpayments

      3. Part 3

         Further provision about notices etc.

   9. Schedule 9

      Soft drinks industry levy: requirements to keep records etc:
      penalties

      1. Part 1

         Penalties

      2. Part 2

         Assessments

   10. Schedule 10

       Soft drinks industry levy: appeals and reviews

       1. Part 1

          Appealable decisions

       2. Part 2

          Reviews

       3. Part 3

          Appeals

   11. Schedule 11

       Soft drinks industry levy: supplementary amendments