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Finance (No.2) Bill

 

Finance (No.2) Bill

 
 

[To be substituted for Bill previously delivered.]

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 (No.2) Bill are compatible with the

Convention rights.

NOTE: This Bill has been re-issued because of omissions in the text of the Bill as published on

30 September. The texts of Clauses 19, 20, 21 and 22 were omitted; Clauses 23 to 31 were

wrongly numbered as clauses 19 to 27; and the texts of Clauses 32 and 33 were omitted.

 
Bill 7255/1
 

 
 

Finance (No.2) Bill

 

 
 

Contents

Part 1

Income tax, corporation tax and capital gains tax

Income tax and corporation tax

1   

Shared lives care

2   

Payments to special guardians and those in receipt of residence orders

3   

Qualifying care relief: capital allowances

4   

Seafarers’ earnings

5   

Venture capital schemes

6   

Enterprise management incentives

7   

Settlor to return excess repayment to trustees etc

8   

Collection of income tax where sum deducted by payer

9   

Company distributions

10   

REITs: stock dividends

11   

Financing costs and income of group companies

12   

Consortium claims for group relief

13   

R&D relief for SMEs: removal of intellectual property condition

14   

Film tax credit: unused losses

15   

Insurance business transfer schemes: non-profit fund transferred assets

Chargeable gains

16   

Capital gains tax private residence relief: adult placement carers

17   

Reinvestment of ring fence assets: acquisition by member of group

Capital allowances

18   

First-year allowances on zero-emission goods vehicles

Part 2

Other taxes and duties

Value added tax

19   

Non-business use of business assets etc

 

Bill 72                                                                                                 

55/1

 

 

Finance (No.2) Bill

ii

 

20   

Supplies of gas, heat or cooling

21   

Supplies of aircraft etc

22   

Postal services etc

Tobacco products duty

23   

Long cigarettes

Landfill tax

24   

Landfill tax: criteria for determining material to be subject to lower rate

Part 3

Administration

25   

Interest: corporation tax and petroleum revenue tax

26   

Penalties for failure to make returns etc

27   

Penalties for failure to pay tax

28   

Recovery of overpaid stamp duty land tax and petroleum revenue tax etc

29   

Excise duties: compliance checks

Part 4

Miscellaneous provisions

30   

Pension scheme under section 67 of Pensions Act 2008

31   

Asbestos compensation settlements

Part 5

Final provisions

32   

Interpretation

33   

Short title

Schedule 1   —   

Shared lives care

Schedule 2   —   

Venture capital schemes

Schedule 3   —   

Company distributions

Schedule 4   —   

REITs: stock dividends

Schedule 5   —   

Financing costs and income of group companies

Schedule 6   —   

Consortium claims for group relief

Schedule 7   —   

First-year allowances for zero-emission goods vehicles

Schedule 8   —   

Value added tax: non-business use of business assets etc

Schedule 9   —   

Interest

Part 1   —   

Corporation tax

Part 2   —   

Petroleum revenue tax

Schedule 10   —   

Penalty for failure to make returns etc

Schedule 11   —   

Penalty for failure to make payments on time

Schedule 12   —   

Recovery of overpaid tax etc

Part 1   —   

Stamp duty land tax

 

 

Finance (No.2) Bill

iii

 

Part 2   —   

Petroleum revenue tax

Schedule 13   —   

Excise duties: compliance checks

Part 1   —   

Record-keeping

Part 2   —   

Time limits

Part 3   —   

Information and inspection powers

Schedule 14   —   

Asbestos compensation settlements

 

 

 
contents continue
 
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