ARRANGEMENT OF CLAUSES
|
PART I |
| EXCISE DUTIES |
| Alcoholic liquor duties |
| Clause | |
| 1. | Rate of duty on beer. |
| 2. | Adjustment of rates of duty on sparkling liquors. |
| 3. | Rates of duty on wine and made-wine. |
| 4. | Rates of duty on cider. |
| 5. | Drawback of excise duty on beer.
|
Hydrocarbon oil duties |
| 6. | Charge on production without delivery. |
| 7. | Rates of duties and rebates. |
| 8. | Ultra low sulphur diesel. |
| 9. | Mixtures of heavy oils.
|
Tobacco products duty |
| 10. | Rates of tobacco products duty.
|
Gaming duty |
| 11. | Rates of gaming duty.
|
Amusement machine licence duty |
| 12. | Rates of amusement machine licence duty. |
| 13. | Further exception for thirty-five-penny machines. |
| 14. | Video machines.
|
Air passenger duty |
| 15. | Fiscal representatives.
|
Vehicle excise duty |
| 16. | Rates of duty where pollution reduced. |
| 17. | Restriction of exemption for old vehicles. |
| 18. | Regulations relating to nil licences. |
| 19. | Failure to pay amount required in respect of void licence.
|
Assessments |
| 20. | Assessments for excise duty purposes.
|
PART II |
| VALUE ADDED TAX |
| 21. | Deemed supplies. |
| 22. | Changes of place of supply: transitional. |
| 23. | Bad debt relief. |
| 24. | Long leases in Scotland.
|
PART III |
| INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX |
| CHAPTER I |
| INCOME TAX AND CORPORATION TAX |
| Income tax charge, rates and reliefs |
| 25. | Charge and rates for 1998-99. |
| 26. | Relief for a woman with a child and an incapacitated husband. |
| 27. | Married couple's allowance etc. in and after 1999-00.
|
Corporation tax charge and rates |
| 28. | Charge and rates for financial year 1998. |
| 29. | Charge and rates for financial year 1999.
|
Corporation tax: periodic payments etc |
| 30. | Corporation tax: due and payable date. |
| 31. | Abolition of advance corporation tax. |
| 32. | Unrelieved surplus advance corporation tax. |
| 33. | Relief for interest payable under the Tax Acts. |
| 34. | Charge to tax on interest payable under the Tax Acts. |
| 35. | Further provision about interest payable under the Tax Acts. |
| 36. | Arrangements with respect to payment of corporation tax.
|
Gilt-edged securities |
| 37. | Abolition of periodic accounting.
|
Rents and other receipts from land |
| 38. | Taxation of rents and other receipts from land. |
| 39. | Land managed as one estate and maintenance funds for historic buildings. |
| 40. | Treatment of premiums as rent. |
| 41. | Tied premises: receipts and expenses treated as those of trade.
|
Computation of profits of trade, profession or vocation |
| 42. | Computation of profits of trade, profession or vocation. |
| 43. | Barristers and advocates in early years of practice. |
| 44. | Change of accounting basis. |
| 45. | Meaning of "period of account". |
| 46. | Minor and consequential provisions about computations.
|
Gifts to charities |
| 47. | Gifts in kind for relief in poor countries. |
| 48. | Gifts of money for relief in poor countries.
|
Employee share incentives |
| 49. | Employee share options. |
| 50. | Conditional acquisition of shares. |
| 51. | Convertible shares provided to directors and employees. |
| 52. | Information powers. |
| 53. | Provision supplemental to sections 50 to 52. |
| 54. | Amendments consequential on sections 50 to 53.
|
Construction industry workers |
| 55. | Construction workers supplied by agencies. |
| 56. | Transitional provisions in connection with section 55. |
| 57. | Sub-contractors in the construction industry.
|
Payments and other benefits in connection with termination of employment etc. |
| 58. | Payments and other benefits in connection with termination of employment etc.
|
Benefits in kind |
| 59. | Car fuel. |
| 60. | Reductions for road fuel gas cars. |
| 61. | Travelling expenses.
|
Profit-related pay |
| 62. | Provision preventing manipulation of profit periods.
|
Foreign earnings deduction |
| 63. | Withdrawal except in relation to seafarers.
|
PAYE: non-cash benefits etc. |
| 64. | Transitory provision relating to tradeable assets. |
| 65. | Payment in the form of a readily convertible asset. |
| 66. | Enhancing the value of an asset. |
| 67. | Gains from share options etc. |
| 68. | Vouchers and credit-tokens. |
| 69. | Intermediaries, non-UK employers, agencies etc.
|
The enterprise investment scheme and venture capital trusts |
| 70. | Qualifying trades for EIS and VCTs. |
| 71. | Pre-arranged exits from EIS. |
| 72. | Qualifying holdings for VCTs after 2nd July 1997. |
| 73. | Other changes to requirements for VCTs. |
| 74. | Other changes to EIS etc.
|
Individual savings accounts etc. |
| 75. | Use of PEPs powers to provide for accounts. |
| 76. | Tax credits for accounts and for PEPs. |
| 77. | The insurance element etc. |
| 78. | Phasing out of TESSAs.
|
Relief for interest and losses etc. |
| 79. | Relief for loan to acquire interest in a close company. |
| 80. | Relief for losses on unlisted shares in trading companies. |
| 81. | Group relief: special rules for consortium cases. |
| 82. | Carry forward of non-trading deficit on loan relationships.
|
Capital allowances |
| 83. | First-year allowances for small businesses etc.
|
Insurance, insurance companies and friendly societies |
| 84. | Life policies etc. |
| 85. | Non-resident insurance companies: tax representatives. |
| 86. | Overseas life assurance business. |
| 87. | Personal portfolio bonds. |
| 88. | Distributions to friendly societies. |
| 89. | Provisional repayments in connection with pension business.
|
Pensions |
| 90. | Approved retirement benefit schemes etc. |
| 91. | Benefits received under non-approved retirement benefits scheme. |
| 92. | Approval of personal pension schemes. |
| 93. | Personal pensions: charge on withdrawal of approval. |
| 94. | Information relating to personal pension schemes etc. |
| 95. | Notices to be given to scheme administrator. |
| 96. | Assessments on scheme administrators.
|
Futures and options |
| 97. | Extension of provisions relating to guaranteed returns.
|
Securities |
| 98. | Accrued income scheme. |
| 99. | Dealers in securities etc. |
| 100. | Manufactured dividends.
|
Double taxation relief |
| 101. | Restriction of relief on certain interest and dividends. |
| 102. | Adjustments of interest and dividends for spared tax etc. |
| 103. | Meaning of "financial expenditure". |
| 104. | Underlying tax reflecting interest or dividends. |
| 105. | Notification of foreign tax adjustment.
|
Transfer pricing, FOREX and financial instruments |
| 106. | New regime for transfer pricing etc. |
| 107. | Abolition of requirements for direction. |
| 108. | Determinations requiring the sanction of the Board. |
| 109. | Notice to potential claimants.
|
Controlled foreign companies |
| 110. | Exempt activities. |
| 111. | Miscellaneous amendments.
|
Changes in company ownership |
| 112. | Postponed corporation tax. |
| 113. | Information powers where ownership changes. |
| 114. | Provisions supplemental to sections 112 and 113.
|
Corporation tax self assessment |
| 115. | Company tax returns, assessments and related matters.
|
Telephone claims etc. |
| 116. | Claims for income tax purposes. |
| 117. | Evidential provisions in PAYE regulations.
|
CHAPTER II |
| TAXATION OF CHARGEABLE GAINS |
| Rate for trustees |
| 118. | Rate of CGT for trustees etc.
|
Taper relief and indexation allowance |
| 119. | Taper relief for CGT. |
| 120. | Freezing of indexation allowance for CGT.
|
Pooling and identification of shares etc. |
| 121. | Abolition of pooling for CGT. |
| 122. | New identification rules for CGT. |
| 123. | Indexation and share pooling etc.
|
Stock dividends |
| 124. | Capital gains on stock dividends.
|
Non-residents etc. |
| 125. | Charge to CGT on temporary non-residents. |
| 126. | Disposal of interests in a settlement. |
| 127. | Attribution of gains to settlor in section 10A cases. |
| 128. | Charge on beneficiaries of settlements with non-resident settlors. |
| 129. | Charge on settlors of settlements for grandchildren. |
| 130. | Charge on settlors of pre-19th March 1991 settlements.
|
Groups of companies etc. |
| 131. | Transfer within group to investment trust. |
| 132. | Transfer of company's assets to venture capital trust. |
| 133. | Transfer within group to venture capital trust. |
| 134. | Incorporated friendly societies. |
| 135. | Pre-entry gains. |
| 136. | Pre-entry losses. |
| 137. | De-grouping charges.
|
Abolition of reliefs |
| 138. | Phasing out of retirement relief. |
| 139. | Abolition of certain other CGT reliefs.
|
PART IV |
| INHERITANCE TAX ETC. |
| 140. | Property of historic interest etc. |
| 141. | Removal of exemption for gifts for public benefit. |
| 142. | Maintenance funds for historic buildings, etc. |
| 143. | Accounting for property accepted in satisfaction of tax.
|
PART V |
| OTHER TAXES |
| Insurance premium tax |
| 144. | Travel insurance: higher rate tax. |
| 145. | Taxable intermediaries.
|
Landfill tax |
| 146. | Provisional collection of landfill tax.
|
Stamp duty |
| 147. | Stamp duty on conveyance or transfer on sale.
|
Petroleum revenue tax etc. |
| 148. | Gas valuation.
|
Gas levy |
| 149. | Reduction and abolition of gas levy.
|
Dumping duties |
| 150. | Repeal of Customs Duties (Dumping and Subsidies) Act 1969.
|
PART VI |
| MISCELLANEOUS AND SUPPLEMENTAL |
| Fiscal stability |
| 151. | Code for fiscal stability. |
| 152. | Annual Budget documents.
|
Government borrowing |
| 153. | Treasury's position regarding their own securities. |
| 154. | Treasury bills. |
| 155. | National loans. |
| 156. | Non-FOTRA securities. |
| 157. | Accounting statements relating to National Savings.
|
The European single currency |
| 158. | Adoption of single currency by other member States.
|
Supplemental |
| 159. | Interpretation. |
| 160. | Repeals. |
| 161. | Short title.
|
| PART II | SCHEDULES |
