Finance (No. 2) Bill

House of Commons

Session 1997-98
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Other Bills before Parliament

Finance (No. 2) Bill

    The Bill is divided into two volumes. Volume I contains the Clauses of the Bill. Volume II contains the Schedules to the Bill.

This is the text of the Finance (No. 2) Bill, as presented to the House of Commons on 23 March 1998.

Finance (No. 2) Bill

PART I - ARRANGEMENT OF CLAUSES

ARRANGEMENT OF SCHEDULES

SCHEDULES:

    Schedule 1 - Rates of duty where pollution reduced.

    Schedule 2 - Assessments for excise duty purposes.

    Schedule 3 - Advance corporation tax.

    Schedule 4 - Interest payable under the Tax Acts by or to companies.

    Schedule 5 - Rent and other receipts from land.

    Part I - Main charging provisions.

    Part II - Treatment of losses.

    Part III - Minor and consequential amendments.

    Part IV - Transitional provisions for corporation tax.

    Schedule 6 - Adjustment on change of accounting basis.

    Schedule 7 - Removal of unnecessary references to gains.

    Schedule 8 - Sub-contractors in the construction industry.

    Schedule 9 - Payments and other benefits in connection with termination of employment etc..

    Part I - Schedule 11 to the Taxes Act 1988.

    Part II - Consequential amendments.

    Schedule 10 - Ordinary commuting and private travel.

    Schedule 11 - Transitional provisions for profit-related pay.

    Schedule 12 - EIS and VCTs: meaning of qualifying trade.

    Schedule 13 - Changes to EIS etc.

    Part I - EIS income tax relief.

    Part II - EIS relief against chargeable gains.

    Part III - EIS deferral of chargeable gains.

    Part IV - BES income tax relief and relief against chargeable gains.

    Schedule 14 - Life policies, life annuities and capital redemption policies.

    Schedule 15 - Approved retirement benefits schemes.

    Schedule 16 - Transfer pricing etc: new regime.

    Schedule 17 - Controlled foreign companies.

    Schedule 18 - Company tax returns, assessments and related matters.

    Part I - Introduction.

    Part II - Company tax return.

    Part III - Duty to keep and preserve records.

    Part IV - Enquiry into company tax return.

    Part V - Revenue determinations and assessments.

    Part VI - Excessive assessments or repayments, etc.

    Part VII - General provisions as to claims and elections.

    Part VIII - Claims for group relief.

    Part IX - Claims for capital allowances.

    Part X - Special provisions.

    Part XI - Supplementary provisions.

    Schedule 19 - Company tax returns, etc.: minor and consequential amendments.

    Schedule 20 - Application of taper relief.

    Schedule 21 - Amendments in connection with taper relief.

    Schedule 22 - Transitional provision and consequential amendments for section 129.

    Schedule 23 - Transitional provision in connection with section 130.

    Schedule 24 - Restrictions on setting losses against pre-entry gains.

    Schedule 25 - Property of historic interest etc..

    Schedule 26 - National loans.

    Schedule 27 - Repeals.

    Part I - Excise duties.

    Part II - Value added tax.

    Part III - Income tax, corporation tax and capital gains tax.

    Part IV - Inheritance tax.

    Part V - Other taxes.

    Part VI - Miscellaneous.

© Parliamentary copyright 1998
Prepared 6 April 1998