Source: http://uklaws.org/acts_uk/document141/index.htm
Timestamp: 2017-04-23 19:49:30
Document Index: 164207721

Matched Legal Cases: ['art 2', 'art 3', 'art 4', 'art 5', 'art 1', 'art 2', 'art 3', 'art 4', 'art 1', 'art 2', 'art 3', 'art 1', 'art 2', 'art 1', 'art 2', 'art 3', 'art 1', 'art 2', 'art 1', 'art 4', 'art 2', 'art 1', 'art 2', 'art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 1', 'art 2', 'art 1', 'art 2', 'art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 1', 'art 2', 'art 1', 'art 6', 'art 5', 'art 4']

Finance Act 2001 (c. 9) Laws UK
Excise dutiesHydrocarbon oil duties 1. Rates of duty on hydrocarbon oil 2. Rebate on unleaded petrol 3. Fuel-testing pilot projects Tobacco products duty 4. Rates of tobacco products duty Alcoholic liquor duties 5. Dilution etc. of cider Betting and gaming duties 6. General betting duty 7. Rates of gaming duty Vehicle excise duty 8. Threshold for reduced general rate 9. Rates of duty for goods vehicles 10. Rates of duty for vehicles used for exceptional loads 11. Rates of duty for recovery vehicles 12. Mobile pumping vehicles 13. Exemption of agricultural etc. vehicles 14. Surrender of vehicle licences General 15. Payments by Commissioners in case of error or delay Part 2
Aggregates LevyCharging provisions 16. Charge to aggregates levy 17. Meanings of "aggregate" and "taxable aggregate" 18. Exempt processes 19. Commercial exploitation 20. Originating sites 21. Operators of sites 22. Responsibility for exploitation of aggregate 23. Weight of aggregate Administration and enforcement 24. The register 25. Returns and payment of levy 26. Security for levy 27. Recovery and interest 28. Evasion, misdeclaration and neglect 29. Information and evidence Credits and repayments 30. Credit for aggregates levy 31. Repayments of overpaid levy 32. Supplemental provisions about repayments etc Non-resident taxpayers 33. Appointment of tax representatives 34. Effect of appointment of tax representatives Other special cases 35. Groups of companies etc 36. Partnerships and other unincorporated bodies 37. Insolvency etc 38. Death and incapacity 39. Transfer of a business as a going concern Review and appeal 40. Review of Commissioners' decisions 41. Appeals against reviewed decisions 42. Determinations on appeal 43. Adjustments of contracts General provisions 44. Destination of receipts 45. Regulations and orders 46. Civil penalties 47. Service of notices etc 48. Interpretation of Part Supplemental 49. Minor and consequential amendments Part 3
Charge and ratesIncome tax 50. Charge and rates for 2001-02 51. Starting rate limit for 2001-02 52. Children's tax credit: amount for 2001-02 and subsequent years 53. Children's tax credit: baby rate Corporation tax 54. Charge and main rate for financial year 2002 55. Small companies' rate and fraction for financial year 2001 56. Corporation tax starting rate and fraction for financial year 2001 Chapter 2
Other provisionsEmployment 57. Mileage allowances: exemptions and relief 58. Mileage allowances: nil liability notices 59. Employees' vehicles: withdrawal of capital allowances 60. Exemption for works bus services: extension to minibuses 61. Employee share ownership plans Enterprise incentives 62. Enterprise management incentives 63. Enterprise investment scheme 64. Venture capital Capital allowances 65. Energy-saving plant and machinery 66. Fixtures provided in connection with energy management services 67. Conversion of parts of business premises into flats 68. Decommissioning of offshore oil infrastructure 69. Minor amendments Other relieving provisions 70. Relief for expenditure on remediation of contaminated land 71. Creative artists: relief for fluctuating profits 72. Expenditure on film production etc 73. Deductions for business gifts: yearly limit Pension funds 74. Payments to employers out of pension funds Limited liability partnerships 75. Limited liability partnerships: general 76. Limited liability partnerships: investment LLPs and property investment LLPs Chargeable gains 77. Notional transfers within a group 78. Taper relief: assets qualifying as business assets 79. De-grouping charge: transitional relief 80. Attribution of gains of non-resident companies International matters 81. Double taxation relief 82. Controlled foreign companies: acceptable distribution policy Miscellaneous 83. Life policies, life annuity contracts and capital redemption policies 84. Exclusion of deductions for deemed manufactured payments 85. Deduction of tax: payments between companies etc Part 4
Other taxesStamp duty and stamp duty reserve tax 92. Stamp duty: exemption for land in disadvantaged areas 93. SDRT: unit trust schemes and individual pension accounts 94. SDRT: open-ended investment companies and individual pension accounts 95. Exemptions in relation to employee share ownership plans Value added tax 96. VAT: children's car seats 97. VAT: residential conversions and renovations 98. VAT: museums and galleries 99. VAT: re-enactment of reduced-rate provisions 100. VAT representatives Petroleum revenue tax 101. PRT: unrelievable field losses 102. PRT: allowable decommissioning expenditure 103. PRT: expenditure in certain gas-producing fields Landfill tax 104. Landfill tax: rate Climate change levy 105. Climate change levy Inheritance tax 106. Transfers within group etc Part 5
Miscellaneous and supplementary provisionsMiscellaneous 107. Interest on unpaid tax, etc.: foot-and-mouth disease 108. Trading funds Supplementary 109. Interpretation 110. Repeals and revocations 111. Short title Schedule 1
General betting dutySchedule 2
Rates of vehicle excise duty on goods vehiclesSchedule 3
Excise duty: payments by Commissioners in case of error or delayPart 1
PaymentsPart 2
InterestPart 3
AppealsPart 4
Aggregates levy: registrationSchedule 5
Aggregates levy: recovery and interestSchedule 6
Aggregates levy: evasion, misdeclaration and neglectPart 1
Criminal offencesPart 2
Civil penaltiesPart 3
Interpretation of ScheduleSchedule 7
Aggregates levy: information and evidence etcSchedule 8
Aggregates levy: repayments and creditsSchedule 9
Aggregates levy: group treatmentSchedule 10
Aggregates levy: assessment of civil penalties and interest on themSchedule 11
Children's tax credit: baby rate: supplementarySchedule 12
Mileage allowancesPart 1
New Schedule 12AA to the Taxes Act 1988Part 2
Consequential amendmentsSchedule 13
Employee share ownership plans: amendmentsSchedule 14
Enterprise management incentives: amendmentsSchedule 15
Enterprise investment scheme: amendmentsPart 1
Income tax reliefPart 2
Postponement of chargeable gain on reinvestmentPart 3
Miscellaneous and generalSchedule 16
Venture capitalPart 1
Venture capital trustsPart 2
Corporate venturing schemeSchedule 17
Capital allowances: energy-saving plant and machinerySchedule 18
Capital allowances: fixtures provided in connection with energy management servicesSchedule 19
Capital allowances: conversion of parts of business premises into flatsPart 1
New Part 4A of the Capital Allowances Act 2001Part 2
Consequential amendmentsSchedule 20
Capital allowances: offshore oil infrastructurePart 1
Chargeable periods ending before 1st or 6th April 2001Part 2
Chargeable periods ending on or after 1st or 6th April 2001Schedule 21
Capital allowances: minor amendmentsSchedule 22
Remediation of contaminated landPart 1
Deduction for capital expenditurePart 2
Entitlement to land remediation reliefPart 3
Manner of giving effect to reliefPart 4
Special provision for life assurance businessPart 5
Supplementary provisionsSchedule 23
Land remediation: consequential amendmentsSchedule 24
Creative artists: relief for fluctuating profitsPart 1
New Schedule 4A to the Taxes Act 1988Part 2
Consequential amendmentsSchedule 25
Limited liability partnerships: investment LLPs and property investment LLPsSchedule 26
Capital gains tax: taper relief: business assetsSchedule 27
Double taxation reliefSchedule 28
Life policies, life annuities and capital redemption policiesPart 1
Assignment or surrender of part of the rightsPart 2
Provision of information by insurers etcSchedule 29
Amendments to machinery of self-assessmentPart 1
Amendment or correction of returnPart 2
Enquiries into returnsPart 3
Referral of questions during enquiryPart 4
Procedure on completion of enquiryPart 5
Minor and consequential amendmentsSchedule 30
Stamp duty: land in disadvantaged areasSchedule 31
Value added tax: re-enactment of reduced rate provisionsPart 1
New Schedule 7A to the Value Added Tax Act 1994Part 2
Consequential amendmentsSchedule 32
Petroleum revenue tax: unrelievable field lossesSchedule 33
Part 1 Excise duties Hydrocarbon oil duties 1 Rates of duty on hydrocarbon oil (1) In section 6(1A) of the Hydrocarbon Oil Duties Act 1979 (c. 5) (rates of duty on hydrocarbon oil)-- (a) in paragraph (a) (ultra-low sulphur petrol), for "£0.4782" substitute "£0.4582"; and (b) in paragraph (c) (ultra-low sulphur diesel), for "£0.4882" substitute "£0.4582". (2) That subsection shall have effect until midnight on 14th June 2001 as if for paragraph (b) (other light oil) there were substituted-- " (ba) £0.5268 in the case of unleaded petrol other than ultra low sulphur petrol; (bb) £0.5468 in the case of light oil not within paragraph (a) or (ba) above; " . After that, paragraph (b) shall have effect as it did before.
(3) In section 8(3) of the Hydrocarbon Oil Duties Act 1979 (c. 5) (rate of duty on road fuel gas) for "£0.1500" substitute "£0.0900". (4) This section shall be deemed to have come into force at 6 o'clock in the evening of 7th March 2001. 2 Rebate on unleaded petrol (1) For section 13A of the Hydrocarbon Oil Duties Act 1979 (under which different rates of rebate are specified for higher octane and other unleaded petrol) substitute-- " 13A Rebate on unleaded petrol (1) On unleaded petrol, other than ultra low sulphur petrol, charged with the excise duty on hydrocarbon oil and delivered for home use there shall be allowed at the time of delivery a rebate of duty at the rate of £0.0586 a litre. (2) Rebate is not allowed under this section in a case where a rebate is allowed under section 14 below. " . (2) In paragraph 1(1) of Schedule 2A to that Act (converting unleaded petrol into leaded petrol)-- (a) for paragraphs (a) and (b) substitute-- " (ab) adding lead to unleaded petrol in respect of which a rebate has been allowed under section 13A; " ; and (b) in paragraph (c)-- (i) for "paragraph (a)" substitute "paragraph (aa)", and (ii) for "paragraph (b)" substitute "paragraph (ab)". (3) For paragraph 2A of that Schedule (mixing different kinds of unleaded petrol) substitute-- " 2A (1) A mixture which is unleaded petrol is produced in contravention of this paragraph if the mixture is produced by mixing-- (a) petrol on which duty has been paid at the rate specified in section 6(1A)(a), and (b) petrol in respect of which a rebate has been allowed under section 13A, and the mixture produced is unleaded petrol that is not ultra low sulphur petrol.
(2) This paragraph is subject to any direction given under paragraph 3. " . (4) In paragraph 8 of that Schedule (rate of duty on mixtures of light oil), for sub-paragraph (3A) substitute-- " (3A) In the case of a mixture produced in contravention of paragraph 2A above, the rate is that produced by deducting from the rate in force under section 6(1A)(b) at the time the mixture is produced the rebate which at that time is in force under section 13A. " . (5) This section shall be deemed to have come into force at 6 o'clock in the evening of 7th March 2001. 3 Fuel-testing pilot projects (1) In the Hydrocarbon Oil Duties Act 1979 (c. 5), after section 20AA insert-- " 20AB Power to allow reliefs for fuel testing etc (1) The Commissioners may by regulations make provision allowing reliefs as regards excise duty charged in respect of experimental fuel where-- (a) the fuel is, or is to be, used for the purposes of a fuel-testing project that is approved by the Commissioners, (b) the project is approved for the purposes of the development of the fuel (see subsection (8)(a) below), and (c) the use takes place, or is to take place, during the period that, for the purposes of the project, is the relief period for the fuel (see subsection (8)(b) below). (2) In this section "experimental fuel" means a substance of a description specified in regulations made by the Commissioners. (3) For each experimental fuel, the Commissioners shall by regulations make provision specifying-- (a) the beginning and end of the period that is the experimental period for that fuel; and (b) the form that (subject to any directions under subsection (9)(a) below) is to be taken by relief under this section as regards excise duty chargeable on that fuel. (4) A form of relief specified under subsection (3)(b) above must be an authorised form; and for the purposes of this section "an authorised form" is-- (a) a repayment, or (b) a rebate (or extra rebate). (5) Relief under this section shall be allowed-- (a) to the extent specified in, or determined in accordance with, regulations under subsection (1) above, and (b) subject to-- (i) such conditions as the Commissioners may impose, and (ii) any directions under subsection (9)(b) below. (6) The conditions that may be imposed under subsection (5)(b)(i) above include, in particular, conditions in connection with-- (a) the collection, keeping, compilation or analysis, or (b) the supply to the Commissioners or other persons, of data, or information, relating to the production, use or performance of an experimental fuel.
(7) Subsections (8) and (9) below apply where the Commissioners have approved a fuel-testing project. (8) The Commissioners shall give directions specifying-- (a) each experimental fuel for the purposes of whose development the project is approved; (b) for each fuel specified under paragraph (a) above, the beginning and end of the period that, for the purposes of the project, is (in accordance with subsection (10) below) the relief period for the fuel; and (c) any conditions imposed under subsection (5)(b)(i) above that apply to the allowance under this section of relief as regards excise duty chargeable in respect of an experimental fuel used, or to be used, for the purposes of the project. (9) The Commissioners may give directions-- (a) providing for relief as regards excise duty chargeable in respect of an experimental fuel used, or to be used, for the purposes of the project to take an authorised form different to the form specified under subsection (3)(b) above; (b) as to administration in connection with allowing reliefs under this section as regards excise duty chargeable in respect of an experimental fuel used, or to be used, for the purposes of the project. (10) For the purposes of subsection (8)(b) above-- (a) the beginning of the relief period for a fuel may not be earlier than the beginning of the experimental period for that fuel; and (b) the end of the relief period for a fuel may not be later than the end of the experimental period for that fuel. (11) In this section-- "excise duty" means--
any addition to such duty by virtue of section 1 of the Excise Duties (Surcharges or Rebates) Act 1979 (c. 8);"fuel-testing project" means a pilot project connected with the technological development of environment-friendly fuels.
(12) Regulations under this section may make different provision for different cases. " . (2) In section 24(1) of the Hydrocarbon Oil Duties Act 1979 (c. 5) (regulations for the purposes of provisions providing for rebates etc.), after "section 19A" insert ", section 20AB". (3) In section 27(1) of the Hydrocarbon Oil Duties Act 1979 (interpretation), in the definition of "rebate", for "or 14" substitute ", 14 or 20AB". (4) In section 12B(1)(h) of the Finance Act 1994 (c. 9) (excise duty reliefs that may be recovered under section 12A when wrongly given), after "allowed to a person by virtue of section 20AA" insert "or 20AB". Tobacco products duty 4 Rates of tobacco products duty (1) For the Table of rates of duty in Schedule 1 to the Tobacco Products Duty Act 1979 (c. 7) substitute-- TABLE
1. CigarettesAn amount equal to 22 per cent. of the retail price plus 92.25 per thousand cigarettes.2. Cigars134.69 per kilogram.3. Hand-rolling tobacco96.81 per kilogram.4. Other smoking tobacco and chewing tobacco59.21 per kilogram.
(2) This section shall be deemed to have come into force at 6 o'clock in the evening of 7th March 2001. Alcoholic liquor duties 5 Dilution etc. of cider In section 62(5) of the Alcoholic Liquor Duties Act 1979 (c. 4) (regulations providing for the management of the duty on cider), after paragraph (d) insert--
" (e) regulating and, in such circumstances as may be prescribed in the regulations, prohibiting the addition of substances to, the mixing of, or the carrying out of other operations on or in relation to, cider. " . Betting and gaming duties 6 General betting duty (1) Schedule 1 to this Act (which makes provision about general betting duty) has effect. (2) This section shall come into force in accordance with such provision as the Commissioners of Customs and Excise may make by order made by statutory instrument. 7 Rates of gaming duty (1) For the table in section 11(2) of the Finance Act 1997 (c. 16) (rates of gaming duty) substitute-- TABLE
Part of gross gaming yieldRateThe first £484,5002.5 per cent.The next £1,076,00012.5 per cent.The next £1,076,00020 per cent.The next £1,883,50030 per cent.The remainder40 per cent.
(2) This section has effect in relation to accounting periods beginning on or after 1st April 2001. Vehicle excise duty <<<< >>>>
8 Threshold for reduced general rate (1) In paragraph 1 of Schedule 1 to the Vehicle Excise and Registration Act 1994 (c. 22) (rate of duty applicable where no other rate specified), in sub-paragraphs (2) and (2A) for "1,200 cubic centimetres" (the reduced rate threshold) substitute "1,549 cubic centimetres". This amendment applies to licences issued on or after 1st July 2001.
(2) Refunds shall be made by the Secretary of State, in accordance with the following provisions of this section, in respect of licences-- (a) issued in the period beginning with 1st November 2000 and ending with 30th June 2001, and (b) not surrendered before the end of that period, where the amount of vehicle excise duty chargeable on the licence would have been less if the amendment in subsection (1) had applied.
(3) The amount of the refund is-- (a) £55 for a 12 month licence, and (b) £27.50 for a 6 month licence. (4) The person entitled to the refund is-- (a) in the case of a licence in force on 30th June 2001, the keeper of the vehicle on that date; (b) in the case of a licence that has ceased to be in force before that date, the keeper of the vehicle when the licence expired. (5) For the purposes of subsection (4) the keeper of the vehicle shall be taken to be-- (a) the person registered as keeper of the vehicle on the date in question, or (b) if the Secretary of State has received notification of a change of ownership of the vehicle as a result of which another person is on that date entitled to be registered as the new keeper of the vehicle, that person. (6) A refund shall only be made if an application is made for it in such form, and containing such particulars and supported by such documents, as the Secretary of State may require. (7) The Secretary of State shall give notice in writing to any person appearing to him to be entitled to a refund-- (a) informing him that he appears to be entitled to a refund, (b) enclosing an application form, and (c) specifying the particulars and supporting documents to be provided. (8) An application for, or the making of, a refund under this section in respect of a licence does not affect the validity of the licence. (9) For the purposes of section 19 of the Vehicle Excise and Registration Act 1994 (c. 22) (surrender of licences) as it applies to the surrender on or after 1st July 2001 of a licence in respect of which a refund under this section has been made, or applied for, the annual rate of duty chargeable on the licence shall be taken to be that which would have been chargeable if the amendment in subsection (1) above had applied. (10) Section 45 of that Act (offence of false or misleading declaration) applies to a declaration in connection with an application for a refund under this section as it applies to a declaration in connection with an application for a vehicle licence. (11) In the application of this section to Northern Ireland, references to registration as the keeper of a vehicle shall be read as references to registration as the owner of the vehicle. (12) This section shall come into force on 1st July 2001. 9 Rates of duty for goods vehicles (1) Schedule 2 to this Act (which makes provision for new rates of vehicle excise duty for goods vehicles etc.) has effect. (2) The provisions of that Schedule apply in relation to licences issued on or after 1st December 2001. 10 Rates of duty for vehicles used for exceptional loads (1) Part 6 of Schedule 1 to the Vehicle Excise and Registration Act 1994 (annual rates of vehicle excise duty: vehicles used for exceptional loads) is amended as follows. (2) In paragraph 6(2A)(a) (vehicles not satisfying reduced pollution requirements), for "£5,170" substitute "£2,585". (3) In paragraph 6(2A)(b) (vehicles satisfying reduced pollution requirements), for "£4,170" substitute "£2,085". (4) The provisions of this section apply in relation to licences issued on or after 1st December 2001. 11 Rates of duty for recovery vehicles (1) In Part 5 of Schedule 1 to the Vehicle Excise and Registration Act 1994 (c. 22) (annual rates of vehicle excise duty: recovery vehicles), paragraph 5(1) is amended as follows. (2) For paragraphs (a) and (b) substitute-- " (a) if it has a revenue weight exceeding 3,500 kilograms and not exceeding 25,000 kilograms, the same as the basic goods vehicle rate; " . (3) In paragraph (c) (vehicle with revenue weight exceeding 25,000 kilograms charged at 500 per cent of basic goods vehicle rate), for "500" substitute "250". (4) The provisions of this section apply in relation to licences issued on or after 1st December 2001. 12 Mobile pumping vehicles (1) Part 4 of Schedule 1 to the Vehicle Excise and Registration Act 1994 (annual rates of duty: special vehicles) is amended as follows. (2) In paragraph 4(2), after paragraph (d) insert-- " (dd) mobile pumping vehicle, " . (3) In paragraph 4, after sub-paragraph (5) insert-- " (5A) In sub-paragraph (2)(dd) "mobile pumping vehicle" means a vehicle-- (a) which is constructed or adapted for use and used for the conveyance of a pump and a jib satisfying the requirements specified in sub-paragraph (5B), (b) which is used on public roads only-- (i) when the vehicle is stationary and the pump is being used to pump material from a point in the immediate vicinity to another such point, or Pages: