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House of Commons

Session 2003 - 04 Internet Publications Other Bills before Parliament

Finance Bill

Finance Bill ix
126    Companies in partnership: supplementary
Chapter 10
Avoidance: miscellaneous
127    Finance leasebacks
128    Manufactured dividends
129    Gilt strips
130    Life policies etc.: restriction of corresponding deficiency relief
Chapter 11
Miscellaneous
Reliefs for business
131    Relief for research and development: software and consumable items
132    Temporary increase in amount of first-year allowances for small enterprises
133    Deduction for expenditure by landlords on energy-saving items
134    Lloyd’s names: conversion to limited liability underwriting
Offshore matters
135    Offshore funds
136    Meaning of “offshore installation”
Health
137    Immediate needs annuities
138    Corporation tax: health service bodies
Part 4
Pension schemes etc
Chapter 1
Introduction
Introductory
139    Overview of Part 4
Main concepts
140    Meaning of “pension scheme”
141    Meaning of “member”
142    Meaning of “arrangement”
Finance Bill x
Chapter 2
Registration of pension schemes
Registration
143    Registration of pension schemes
144    Persons by whom registered pension scheme may be established
145    Persons by whom scheme may be established: supplementary
146    Appeal against decision not to register
De-registration
147    De-registration
148    Grounds for de-registration
149    Appeal against decision to de-register
Chapter 3
Payments by registered pension schemes
Introductory
150    Payments by registered pension schemes
151    Meaning of “payment” etc
152    Meaning of “loan”
153    Meaning of “borrowing” etc
Authorised member payments
154    Authorised member payments
155    Pension rules
156    Lump sum rule
157    Pension death benefit rules
158    Lump sum death benefit rule
159    Recognised transfers
160    Scheme administration member payments
Unauthorised member payments
161    Assignment
162    Benefits
163    Value shifting
Authorised employer payments
164    Authorised employer payments
165    Public service scheme payment
166    Authorised surplus payment
167    Compensation payments
168    Authorised employer loan
169    Scheme administration employer payments
Finance Bill xi
Unauthorised employer payments
170    Value shifting
Borrowing
171    Unauthorised borrowing: money purchase arrangements
172    Effect of unauthorised borrowing: money purchase arrangements
173    Unauthorised borrowing: other arrangements
174    Effect of unauthorised borrowing: other arrangements
Chapter 4
Registered pension schemes: tax reliefs and exemptions
Scheme investments
175    Income
176    Chargeable gains
Members’ contributions
177    Relief for contributions
178    Relevant UK individual
179    Annual limit for relief
180    Methods of giving relief
181    Relief at source
182    Relief under net pay arrangements
183    Relief on making of claim
184    Transfer of certain shares to be treated as payment of contribution
Employers’ contributions
185    Relief for employers in respect of contributions paid
186    Spreading of relief
187    Spreading of relief: cessation of business
188    Deemed contributions
189    No other relief for employers in connection with contributions
190    Relief for employees
Inland Revenue contributions
191    Minimum contributions under pensions legislation
Inheritance tax exemptions
192    Inheritance tax exemptions
Chapter 5
Registered pension schemes: tax charges
Charges on authorised payments
193    Authorised pensions and lump sums
Finance Bill xii
194    Short service refund lump sum charge
195    Special lump sum death benefits charge
196    Authorised surplus payments charge
Unauthorised payments charge
197    Unauthorised payments charge
198    Unauthorised payments surcharge
199    Surchargeable unauthorised member payments
200    Valuation of crystallised rights for purposes of section 199
201    Valuation of uncrystallised rights for purposes of section 199
202    Surchargeable unauthorised employer payments
Lifetime allowance charge
203    Lifetime allowance charge
204    Amount of charge
205    Benefit crystallisation events and amounts crystallised
206    Persons liable to charge
207    Individual’s lifetime allowance and standard lifetime allowance
208    Availability of individual’s lifetime allowance
209    Pension credits from previously crystallised rights
210    Non-residence: general
211    Non-residence: money purchase arrangements
212    Non-residence: other arrangements
213    Transfers from recognised overseas pension scheme: general
214    Overseas scheme transfers: money purchase arrangements
215    Overseas scheme transfers: other arrangements
Annual allowance charge
216    Annual allowance charge
217    Annual allowance
218    Total pension input amount
219    Cash balance arrangements
220    Cash balance arrangements: uprating of opening value
221    Cash balance arrangements: adjustments of closing value
222    Other money purchase arrangements
223    Defined benefits arrangements
224    Defined benefits arrangements: uprating of opening value
225    Defined benefits arrangements: adjustments of closing value
226    Hybrid arrangements
227    Pension input period
Scheme sanction charge
228    Scheme sanction charge
229    Amount of charge
230    Scheme chargeable payment
De-registration charge
231    De-registration charge
Finance Bill xiii
Chapter 6
Employer-financed retirement benefits schemes
Provision for benefits
232    Restriction of deduction for contributions by employer
233    Restriction of deduction for non-contributory provision
Benefits
234    Abolition of income tax charge in respect of employer payments
235    Employer’s cost of insuring against non-payment of benefit
236    Taxation of non-pension benefits
Chapter 7
Compliance
Information
237    Registered pension scheme return
238    Information: general requirements
239    Notices requiring documents or particulars
240    Appeal against notices
Accounting and assessment
241    Accounting for tax by scheme administrators
242    Assessments under this Part
Registration regulations
243    Enhanced lifetime allowance regulations
Penalties
244    Registered pension scheme return
245    Information required by regulations
246    Documents and particulars required by notice
247    Accounting return
248    Enhanced lifetime allowance regulations: documents and information
249    Enhanced lifetime allowance regulations: failures to comply
250    Lifetime allowance enhanced protection: benefit accrual
251    False statements etc
252    Winding-up to facilitate payment of lump sums
253    Transfers to insured schemes
Discharge of tax liability: good faith
254    Lifetime allowance charge
255    Unauthorised payments surcharge and scheme sanction charge
256    Appeal against decision on discharge of liability
Finance Bill xiv
Scheme administrator
257    Meaning of “scheme administrator”
258    Liability of scheme administrator
259    Trustees etc. liable as scheme administrator
260    Members liable as scheme administrator
261    Supplementary
Chapter 8
Supplementary
Interpretation
262    Insurance company
263    Relevant valuation factor
264    Market value
265    Other definitions
266    Abbreviations and general index
Other supplementary provisions
267    Minor and consequential amendments
268    Orders and regulations
269    Transitionals and savings
270    Commencement
Part 5
Oil
271    Certain receipts not to be tariff receipts
272    Petroleum extraction activities: exploration expenditure supplement
273    Restrictions on expenditure allowable
274    Terminal losses
Part 6
Other taxes
Climate change levy
275    Supplies to producers of commodities
Aggregates levy
276    Transitional tax credit in Northern Ireland: changes to existing scheme
277    Transitional tax credit in Northern Ireland: new scheme
Lorry road-user charge
278    Lorry road-user charge
Finance Bill xv
Inheritance tax
279    Delivery of accounts etc
280    Grant of probate
281    Amendments to penalty regime
Stamp duty land tax and stamp duty
282    Miscellaneous amendments
Stamp duty land tax
283    Notification, registration and penalties
284    Claims not included in returns
285    Assents and appropriations by personal representatives
286    Charitable trusts
287    Shared ownership leases
288    Application to certain partnership transactions
289    Liability of partners
Part 7
Disclosure of tax avoidance schemes
290    Meaning of “notifiable arrangements” and “notifiable proposal”
291    Meaning of “promoter”
292    Duties of promoter
293    Duty of person dealing with promoter outside United Kingdom
294    Duty of parties to notifiable arrangements not involving promoter
295    Arrangements to be given reference number
296    Duty of promoter to notify client of number
297    Duty of parties to notifiable arrangements to notify Board of number, etc.
298    Legal professional privilege
299    Penalties
300    Regulations under Part 7
301    Interpretation of Part 7
302    Part 7: commencement and savings
Part 8
Miscellaneous matters
303    Exclusion of extended limitation period in England, Wales and Northern
Ireland
304    Exclusion of extended prescriptive period in Scotland
305    Mutual assistance: customs union with the Principality of Andorra
306    Ending of shipbuilders’ relief
307    Government borrowing: preparations for possible adoption of Euro
Part 9
Supplementary provisions
308    Repeals
309    Interpretation

© Parliamentary copyright 2004	Revised 6 April 2004