ARRANGEMENT OF CLAUSES
|
PART I |
EXCISE DUTIES |
Alcoholic liquor duties |
Clause | |
1. | Rate of duty on beer. |
2. | Adjustment of rates of duty on sparkling liquors. |
3. | Rates of duty on wine and made-wine. |
4. | Rates of duty on cider. |
5. | Drawback of excise duty on beer.
|
Hydrocarbon oil duties |
6. | Charge on production without delivery. |
7. | Rates of duties and rebates. |
8. | Ultra low sulphur diesel. |
9. | Mixtures of heavy oils.
|
Tobacco products duty |
10. | Rates of tobacco products duty.
|
Gaming duty |
11. | Rates of gaming duty.
|
Amusement machine licence duty |
12. | Rates of amusement machine licence duty. |
13. | Further exception for thirty-five-penny machines. |
14. | Video machines.
|
Air passenger duty |
15. | Fiscal representatives.
|
Vehicle excise duty |
16. | Rates of duty where pollution reduced. |
17. | Restriction of exemption for old vehicles. |
18. | Regulations relating to nil licences. |
19. | Failure to pay amount required in respect of void licence.
|
Assessments |
20. | Assessments for excise duty purposes.
|
PART II |
VALUE ADDED TAX |
21. | Deemed supplies. |
22. | Changes of place of supply: transitional. |
23. | Bad debt relief. |
24. | Long leases in Scotland.
|
PART III |
INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX |
CHAPTER I |
INCOME TAX AND CORPORATION TAX |
Income tax charge, rates and reliefs |
25. | Charge and rates for 1998-99. |
26. | Relief for a woman with a child and an incapacitated husband. |
27. | Married couple's allowance etc. in and after 1999-00.
|
Corporation tax charge and rates |
28. | Charge and rates for financial year 1998. |
29. | Charge and rates for financial year 1999.
|
Corporation tax: periodic payments etc |
30. | Corporation tax: due and payable date. |
31. | Abolition of advance corporation tax. |
32. | Unrelieved surplus advance corporation tax. |
33. | Relief for interest payable under the Tax Acts. |
34. | Charge to tax on interest payable under the Tax Acts. |
35. | Further provision about interest payable under the Tax Acts. |
36. | Arrangements with respect to payment of corporation tax.
|
Gilt-edged securities |
37. | Abolition of periodic accounting.
|
Rents and other receipts from land |
38. | Taxation of rents and other receipts from land. |
39. | Land managed as one estate and maintenance funds for historic buildings. |
40. | Treatment of premiums as rent. |
41. | Tied premises: receipts and expenses treated as those of trade.
|
Computation of profits of trade, profession or vocation |
42. | Computation of profits of trade, profession or vocation. |
43. | Barristers and advocates in early years of practice. |
44. | Change of accounting basis. |
45. | Meaning of "period of account". |
46. | Minor and consequential provisions about computations.
|
Gifts to charities |
47. | Gifts in kind for relief in poor countries. |
48. | Gifts of money for relief in poor countries.
|
Employee share incentives |
49. | Employee share options. |
50. | Conditional acquisition of shares. |
51. | Convertible shares provided to directors and employees. |
52. | Information powers. |
53. | Provision supplemental to sections 50 to 52. |
54. | Amendments consequential on sections 50 to 53.
|
Construction industry workers |
55. | Construction workers supplied by agencies. |
56. | Transitional provisions in connection with section 55. |
57. | Sub-contractors in the construction industry.
|
Payments and other benefits in connection with termination of employment etc. |
58. | Payments and other benefits in connection with termination of employment etc.
|
Benefits in kind |
59. | Car fuel. |
60. | Reductions for road fuel gas cars. |
61. | Travelling expenses.
|
Profit-related pay |
62. | Provision preventing manipulation of profit periods.
|
Foreign earnings deduction |
63. | Withdrawal except in relation to seafarers.
|
PAYE: non-cash benefits etc. |
64. | Transitory provision relating to tradeable assets. |
65. | Payment in the form of a readily convertible asset. |
66. | Enhancing the value of an asset. |
67. | Gains from share options etc. |
68. | Vouchers and credit-tokens. |
69. | Intermediaries, non-UK employers, agencies etc.
|
The enterprise investment scheme and venture capital trusts |
70. | Qualifying trades for EIS and VCTs. |
71. | Pre-arranged exits from EIS. |
72. | Qualifying holdings for VCTs after 2nd July 1997. |
73. | Other changes to requirements for VCTs. |
74. | Other changes to EIS etc.
|
Individual savings accounts etc. |
75. | Use of PEPs powers to provide for accounts. |
76. | Tax credits for accounts and for PEPs. |
77. | The insurance element etc. |
78. | Phasing out of TESSAs.
|
Relief for interest and losses etc. |
79. | Relief for loan to acquire interest in a close company. |
80. | Relief for losses on unlisted shares in trading companies. |
81. | Group relief: special rules for consortium cases. |
82. | Carry forward of non-trading deficit on loan relationships.
|
Capital allowances |
83. | First-year allowances for small businesses etc.
|
Insurance, insurance companies and friendly societies |
84. | Life policies etc. |
85. | Non-resident insurance companies: tax representatives. |
86. | Overseas life assurance business. |
87. | Personal portfolio bonds. |
88. | Distributions to friendly societies. |
89. | Provisional repayments in connection with pension business.
|
Pensions |
90. | Approved retirement benefit schemes etc. |
91. | Benefits received under non-approved retirement benefits scheme. |
92. | Approval of personal pension schemes. |
93. | Personal pensions: charge on withdrawal of approval. |
94. | Information relating to personal pension schemes etc. |
95. | Notices to be given to scheme administrator. |
96. | Assessments on scheme administrators.
|
Futures and options |
97. | Extension of provisions relating to guaranteed returns.
|
Securities |
98. | Accrued income scheme. |
99. | Dealers in securities etc. |
100. | Manufactured dividends.
|
Double taxation relief |
101. | Restriction of relief on certain interest and dividends. |
102. | Adjustments of interest and dividends for spared tax etc. |
103. | Meaning of "financial expenditure". |
104. | Underlying tax reflecting interest or dividends. |
105. | Notification of foreign tax adjustment.
|
Transfer pricing, FOREX and financial instruments |
106. | New regime for transfer pricing etc. |
107. | Abolition of requirements for direction. |
108. | Determinations requiring the sanction of the Board. |
109. | Notice to potential claimants.
|
Controlled foreign companies |
110. | Exempt activities. |
111. | Miscellaneous amendments.
|
Changes in company ownership |
112. | Postponed corporation tax. |
113. | Information powers where ownership changes. |
114. | Provisions supplemental to sections 112 and 113.
|
Corporation tax self assessment |
115. | Company tax returns, assessments and related matters.
|
Telephone claims etc. |
116. | Claims for income tax purposes. |
117. | Evidential provisions in PAYE regulations.
|
CHAPTER II |
TAXATION OF CHARGEABLE GAINS |
Rate for trustees |
118. | Rate of CGT for trustees etc.
|
Taper relief and indexation allowance |
119. | Taper relief for CGT. |
120. | Freezing of indexation allowance for CGT.
|
Pooling and identification of shares etc. |
121. | Abolition of pooling for CGT. |
122. | New identification rules for CGT. |
123. | Indexation and share pooling etc.
|
Stock dividends |
124. | Capital gains on stock dividends.
|
Non-residents etc. |
125. | Charge to CGT on temporary non-residents. |
126. | Disposal of interests in a settlement. |
127. | Attribution of gains to settlor in section 10A cases. |
128. | Charge on beneficiaries of settlements with non-resident settlors. |
129. | Charge on settlors of settlements for grandchildren. |
130. | Charge on settlors of pre-19th March 1991 settlements.
|
Groups of companies etc. |
131. | Transfer within group to investment trust. |
132. | Transfer of company's assets to venture capital trust. |
133. | Transfer within group to venture capital trust. |
134. | Incorporated friendly societies. |
135. | Pre-entry gains. |
136. | Pre-entry losses. |
137. | De-grouping charges.
|
Abolition of reliefs |
138. | Phasing out of retirement relief. |
139. | Abolition of certain other CGT reliefs.
|
PART IV |
INHERITANCE TAX ETC. |
140. | Property of historic interest etc. |
141. | Removal of exemption for gifts for public benefit. |
142. | Maintenance funds for historic buildings, etc. |
143. | Accounting for property accepted in satisfaction of tax.
|
PART V |
OTHER TAXES |
Insurance premium tax |
144. | Travel insurance: higher rate tax. |
145. | Taxable intermediaries.
|
Landfill tax |
146. | Provisional collection of landfill tax.
|
Stamp duty |
147. | Stamp duty on conveyance or transfer on sale.
|
Petroleum revenue tax etc. |
148. | Gas valuation.
|
Gas levy |
149. | Reduction and abolition of gas levy.
|
Dumping duties |
150. | Repeal of Customs Duties (Dumping and Subsidies) Act 1969.
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PART VI |
MISCELLANEOUS AND SUPPLEMENTAL |
Fiscal stability |
151. | Code for fiscal stability. |
152. | Annual Budget documents.
|
Government borrowing |
153. | Treasury's position regarding their own securities. |
154. | Treasury bills. |
155. | National loans. |
156. | Non-FOTRA securities. |
157. | Accounting statements relating to National Savings.
|
The European single currency |
158. | Adoption of single currency by other member States.
|
Supplemental |
159. | Interpretation. |
160. | Repeals. |
161. | Short title.
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PART II | SCHEDULES |