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Session 2008 - 09
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Other Bills before Parliament

Finance Bill


Finance Bill

vi

 

Part 9

Final provisions

125   

Interpretation

126   

Short title

Schedule 1   —   

Income tax: abolition of non-residents’ personal reliefs

Schedule 2   —   

Income tax rates

Part 1   —   

Amendments of ITA 2007

Part 2   —   

Amendments of other Acts

Part 3   —   

Commencement

Schedule 3   —   

VAT: supplementary charge and orders changing rate

Part 1   —   

Supplementary charge to VAT

Part 2   —   

Exceptions

Part 3   —   

Liability and amount

Part 4   —   

Listed supplies

Part 5   —   

Administration and interpretation

Part 6   —   

Amendments of VATA 1994

Schedule 4   —   

Vehicle excise duty: further provision about rates of duty etc

Schedule 5   —   

Air passenger duty

Schedule 6   —   

Temporary extension of carry back of losses

Schedule 7   —   

Contaminated and derelict land

Part 1   —   

Amendments of Part 14 of CTA 2009

Part 2   —   

Amendments of other enactments

Part 3   —   

Commencement

Schedule 8   —   

Venture capital schemes

Schedule 9   —   

Group relief: preference shares

Schedule 10   —   

Sale of lessor companies etc: reforms

Schedule 11   —   

Tax relief for business expenditure on cars and motor cycles

Part 1   —   

Capital allowances

Part 2   —   

Restrictions on deductions for hire expenses

Schedule 12   —   

Reallocation of chargeable gain or loss within a group

Schedule 13   —   

Chargeable gains in stock lending: insolvency etc of borrower

Schedule 14   —   

Corporation tax treatment of company distributions

Part 1   —   

Insertion of new Part 9A of CTA 2009

Part 2   —   

Other amendments

Part 3   —   

Commencement etc

Schedule 15   —   

Tax treatment of financing costs and income

Part 1   —   

Introduction

Part 2   —   

Application of this Schedule

Part 3   —   

Disallowance of deductions

Part 4   —   

Exemption of financing income

Part 5   —   

Intra-group financing income where payer denied deduction

Part 6   —   

“Financing expense amount” and “financing income amount”

Part 7   —   

The “tested expense amount” and “tested income amount”

Part 8   —   

The “available amount”

Part 9   —   

Other interpretative provisions

Part 10   —   

Consequential amendments and commencement

Schedule 16   —   

Controlled foreign companies

Part 1   —   

Abolition of acceptable distribution policy exemption

 
 

Finance Bill

vii

 

Part 2   —   

Amendment of exempt activities exemption

Schedule 17   —   

International movement of capital

Part 1   —   

Abolition of existing regime

Part 2   —   

Reporting requirement

Part 3   —   

Commencement etc

Schedule 18   —   

Corporation tax: foreign currency accounting

Schedule 19   —   

Income tax credits for foreign distributions

Schedule 20   —   

Loan relationships: connected parties

Schedule 21   —   

Foreign exchange: anti-avoidance

Schedule 22   —   

Offshore funds

Part 1   —   

Meaning of “offshore fund”

Part 2   —   

Application of TCGA 1992 to offshore funds

Schedule 23   —   

Insurance companies

Schedule 24   —   

Disguised interest

Schedule 25   —   

Transfers of income streams

Part 1   —   

Company transferors

Part 2   —   

Non-corporate transferors

Part 3   —   

Company transferees

Part 4   —   

Consequential amendments and repeals

Part 5   —   

Commencement

Schedule 26   —   

Certification of SAYE savings arrangements

Schedule 27   —   

Remittance basis

Part 1   —   

Amendments of ITA 2007

Part 2   —   

Amendments of other Acts

Part 3   —   

Commencement

Schedule 28   —   

Taxable benefits: cars

Schedule 29   —   

Manufactured overseas dividends

Schedule 30   —   

Financial arrangements avoidance

Schedule 31   —   

Sale of lessor companies etc: anti-avoidance

Schedule 32   —   

Leases of plant or machinery

Schedule 33   —   

Long funding leases of films

Schedule 34   —   

Real Estate Investment Trusts

Schedule 35   —   

Pensions: special annual allowance charge

Schedule 36   —   

VAT: place of supply of services etc

Part 1   —   

Amendments coming into force in 2010

Part 2   —   

Amendments coming into force in 2011

Part 3   —   

Amendments coming into force in 2013

Part 4   —   

Transitional provisions

Schedule 37   —   

Stock lending: stamp taxes in the event of insolvency

Part 1   —   

Stamp duty

Part 2   —   

Stamp duty reserve tax

Schedule 38   —   

Capital allowances for oil decommissioning expenditure

Schedule 39   —   

PRT: blended oil

Schedule 40   —   

Oil: chargeable gains

Part 1   —   

Licence swaps

Part 2   —   

Reinvestment of ring fence assets

Schedule 41   —   

Oil assets put to other uses

Part 1   —   

Petroleum revenue tax

Part 2   —   

Capital allowances

Schedule 42   —   

PRT: former licensees and former oil fields

Part 1   —   

Persons who cease to be licensees because of cessation events

Part 2   —   

Areas treated as continuing to be oil fields

Schedule 43   —   

PRT: abolition of provisional expenditure allowance

Schedule 44   —   

Supplementary charge: reduction for certain new oil fields

 
 

Finance Bill

viii

 

Part 1   —   

Reduction of adjusted ring fence profits

Part 2   —   

Pool of field allowances

Part 3   —   

Field allowance: when held and unactivated amount

Part 4   —   

No change in equity share: activation of allowance

Part 5   —   

Change in equity share: activation of allowance

Part 6   —   

Change in equity share: transfer of field allowance

Part 7   —   

Miscellaneous

Part 8   —   

Interpretation

Schedule 45   —   

Oil: miscellaneous amendments

Schedule 46   —   

Duties of senior accounting officers of large companies

Schedule 47   —   

Amendment of information and inspection powers

Schedule 48   —   

Extension of information and inspection powers

Schedule 49   —   

Powers to obtain contact details for debtors

Schedule 50   —   

Record-keeping

Schedule 51   —   

Time limits for assessments, claims etc

Schedule 52   —   

Recovery of overpaid tax etc

Part 1   —   

Income tax and capital gains tax

Part 2   —   

Corporation tax

Schedule 53   —   

Late payment interest

Part 1   —   

Special provision: amount carrying late payment interest

Part 2   —   

Special provision: late payment interest start date

Part 3   —   

Special provision: date to which late payment interest runs

Part 4   —   

Effect of interest on reliefs

Schedule 54   —   

Repayment interest

Part 1   —   

Repayment interest start date: general rule

Part 2   —   

Special provision as to repayment interest start date

Part 3   —   

Supplementary

Schedule 55   —   

Penalty for failure to make returns etc

Schedule 56   —   

Penalty for failure to make payments on time

Schedule 57   —   

Amendments relating to penalties

Part 1   —   

Amendments of Schedule 24 to FA 2007

Part 2   —   

Amendments of Schedule 41 to FA 2008

Part 3   —   

Other amendments

Schedule 58   —   

Recovery of debts under PAYE regulations

Schedule 59   —   

Climate change levy: removal of reduced rate

Part 1   —   

New provision for removal of reduced rate

Part 2   —   

Consequential amendments

Schedule 60   —   

Landfill tax: prescribed landfill site activities

Schedule 61   —   

Alternative finance investment bonds

Part 1   —   

Introductory

Part 2   —   

Issue, transfer and redemption of rights under arrangements

Part 3   —   

Transactions relating to underlying assets consisting of land

Part 4   —   

Supplementary

 
 

 
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