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House of Commons

Session 2009 - 10 Internet Publications Other Bills before Parliament

Finance Bill

Finance Bill
EUROPEAN CONVENTION ON HUMAN RIGHTS
Mr Chancellor of the Exchequer has made the following statement under section
19(1)(a) of the Human Rights Act 1998:
In my view the provisions of the Finance Bill are compatible with the Convention
rights.
Bill 100 54/5
Finance Bill
Contents
Part 1
Charges, rates etc
Income tax
1    Charge, main rates, thresholds and allowances etc for 2010-11
Corporation tax
2    Charge and main rate for financial year 2011
3    Small profits rates and fractions for financial year 2010
Capital gains tax
4    Increase in entrepreneurs’ relief
Capital allowances
5    Annual investment allowance
Stamp duty land tax
6    Relief for first-time buyers
7    Rate in respect of residential property where consideration over £1m
Inheritance tax
8    Rate bands
Alcohol and tobacco
9    Rates of alcoholic liquor duties
10    Rates of tobacco products duty
Vehicle excise duty
11    Rates for motorcycles
Bill 100                                                                                                 54/5
Finance Bill ii
Fuel duties
12    Fuel duties: rates and rebates from April 2010
13    Fuel duties: further changes in rates and rebates
Other environmental taxes
14    Rates of air passenger duty
15    Standard rate of landfill tax
16    Rate of aggregates levy
17    Rates of climate change levy
18    Climate change levy: reduced-rate supplies
Gambling
19    Rate of bingo duty
20    Rates of gaming duty
21    Amusement machine licence duty
New taxes
22    Bank payroll tax
23    Landline duty
24    Pensions: high income excess relief charge
Part 2
Anti-avoidance and revenue protection
Losses, capital allowances etc
25    Sideways relief etc
26    Property loss relief
27    Capital allowance buying
28    Leased assets
29    Cushion gas
30    Sale of lessors: consortium relationships
Charities etc
31    Charities and community amateur sports clubs: definitions
32    Gifts of shares etc to charities
33    Miscellaneous amendments
Remittance basis
34    “Relevant person”
35    Foreign currency bank accounts
Other international matters
36    Penalties: offshore income etc
37    Reliefs and reductions for foreign tax
38    Asset transfer to non-resident company: recovery of postponed charge
Finance Bill iii
Securities etc
39    Transactions in securities
40    Approved CSOP schemes: eligible shares
41    Unauthorised unit trusts
42    Index-linked gilt-edged securities
43    Approved share incentive plans
Loan relationships and derivative contracts
44    Close companies: release of loans to participators etc
45    Connected companies: releases of debts
46    Relationships treated as loan relationships etc: repos
47    Risk transfer schemes
Insurance companies
48    Apportionment of asset value increases
Pensions
49    Extension of special annual allowance charge
50    Information
Value added tax and insurance premium tax
51    Extension of reverse charge provisions to supplies of services
52    Insurance premium tax: separate contracts
Inheritance tax
53    Reversionary interests of purchaser or settlor etc in relevant property
54    Interests in possession
Stamp taxes
55    SDRT: depositary receipt systems and clearance services systems
56    SDLT: partnerships
Administration
57    Disclosure of tax avoidance schemes
58    Security for payment of PAYE
59    Opening of postal packets
Part 3
Other provisions
Income tax: benefits in kind
60    Zero and low emission vehicles
61    Cars with CO2 emissions figure
62    Subsidised meals for employees: salary sacrifice etc
Finance Bill iv
Corporation tax
63    Sale of lessors: election out of charge
64    Accounting standards: loan relationships and derivative contracts
Miscellaneous
65    Furnished holiday lettings
66    Champions League final
67    FSCS intervention in relation to insurance contracts
68    Stamp duty and SDRT: clearing houses
69    Alcoholic liquor duties: power to amend definition of “cider”
70    Climate change levy: compatible state aid
71    Pensions: minor corrections
Final provisions
72    Interpretation
73    Short title
Schedule 1   —    Bank payroll tax
Part 1   —
The tax
Part 2   —
Collection and management of tax
Part 3   —
Definitions
Schedule 2   —    Landline duty
Schedule 3   —    Pensions: high income excess relief charge
Schedule 4   —    Sideways relief etc
Schedule 5   —    Capital allowance buying
Schedule 6   —    Leased assets
Schedule 7   —    Charities and community amateur sports clubs: definitions
Part 1   —
Definition of “charity”, “charitable company” and “charitable
trust”
Part 2   —
Repeals of superseded definitions and other consequential
amendments
Part 3   —
Meaning of “community amateur sports club”
Part 4   —
Commencement
Schedule 8   —    Gifts of shares etc to charities
Schedule 9   —    Charities: miscellaneous amendments
Schedule 10   —    Foreign currency bank accounts
Schedule 11   —    Penalties: offshore income etc
Schedule 12   —    Reliefs and reductions for foreign tax
Schedule 13   —    Transactions in securities
Schedule 14   —    Unauthorised unit trusts
Schedule 15   —    Index-linked gilt-edged securities
Schedule 16   —    Connected companies: releases of debts
Schedule 17   —    Risk transfer schemes
Schedule 18   —    Disclosure of tax avoidance schemes
Schedule 19   —    Sale of lessors: election out of charge
Schedule 20   —    Accounting standards: loan relationships and derivative
contracts
Schedule 21   —    Furnished holiday lettings
Finance Bill v
Part 1   —
Income tax
Part 2   —
Corporation tax
Part 3   —
Capital allowances
Part 4   —
Chargeable gains
Part 5   —
Minor repeals
Schedule 22   —    Champions League final

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