Source: http://www.legislation.gov.uk/ukpga/2016/24/contents
Timestamp: 2018-11-15 14:00:08
Document Index: 400129523

Matched Legal Cases: ['art 1', 'arts 3', 'art\n30', 'arts 3', 'art 1', 'art 4', 'art 2', 'art 15', 'art 5', 'art 8', 'art 8', 'art 2', 'art 6', 'art 1']

Finance Act 2016 is up to date with all changes known to be in force on or before 15 November 2018. There are changes that may be brought into force at a future date.
21.Dependants' scheme pensions
71.Trade and property business profits: money's worth
84.Entrepreneurs' relief: associated disposals
85.Entrepreneurs' relief: disposal of goodwill
86.Entrepreneurs' relief: “trading company” and “trading group”
87.Investors' relief
100.A person's pay bill for a tax year
126.VAT: women's sanitary products
137.Stamp duty: acquisition of target company's share capital
1.(1) In ITTOIA 2005 omit sections 397 to 398, 400,...
2.ITTOIA 2005 is further amended as follows.
28.CTA 2010 is further amended as follows.
73.(1) Subject to the following sub-paragraphs of this paragraph, the...
1.After section 226D of ITEPA 2003 (shareholder or connected person...
Income tax: limited exemption for sporting testimonial payments
2.After section 306A of ITEPA 2003 (exemption for carers) insert—...
Corporation tax: deductions from total profits for sporting testimonial payments and associated payments
3.After section 996 of CTA 2010 (miscellaneous provisions: use of...
4.(1) The amendments made by this Schedule have effect in...
Enterprise management incentives and employee ownership trusts
1.(1) In section 534 of ITEPA 2003 (disqualifying events relating...
2.(1) Schedule 2 to ITEPA 2003 (share incentive plans) is...
3.(1) In Schedule 2 to ITEPA 2003 (share incentive plans),...
6.(1) In Schedule 3 to ITEPA 2003 (SAYE option schemes),...
8.(1) In Schedule 5 to ITEPA 2003 (enterprise management incentives),...
9.(1) In section 238A of TCGA 1992 (share schemes and...
1.(1) Sub-paragraph (2) applies at any particular time on or...
2.The conditions mentioned in paragraph 1(1)(a) are—
Protection-cessation events
3.There is a protection-cessation event if— (a) there is benefit...
Protection-cessation events: interpretation: “benefit accrual”
4.(1) For the purposes of paragraph 3(a) there is benefit...
5.Paragraph 17A of Schedule 36 to FA 2004 (impermissible transfers)...
Protection-cessation events: interpretation: “permitted transfer”
6.Sub-paragraphs (7) to (8B) of paragraph 12 of Schedule 36...
Protection-cessation events: interpretation: “permitted circumstances”
7.Sub-paragraphs (2A) to (2C) of paragraph 12 of Schedule 36...
Protection-cessation events: interpretation: relieved non-UK pension schemes
8.(1) Subject to sub-paragraphs (2) to (4), paragraph 3 applies...
9.(1) Sub-paragraph (2) applies at any particular time on or...
10.(1) To determine amount A— (a) apply sub-paragraph (2) if...
Amount B (pre-6 April 2016 benefit crystallisation events)
11.(1) To determine amount B— (a) identify each benefit crystallisation...
Amount C (uncrystallised rights at end of 5 April 2016 under registered pension schemes)
12.Amount C is the total value of the individual's uncrystallised...
Amount D (uncrystallised rights at end of 5 April 2016 under relieved non-UK schemes)
13.(1) To determine amount D— (a) identify each relieved non-UK...
14.(1) An individual has a reference number for the purposes...
15.(1) This paragraph applies where a reference number for the...
16.(1) Where— (a) an application is made for a reference...
17.(1) Sub-paragraph (2) applies if, in the case of an...
18.(1) Sub-paragraph (2) applies if an individual receives a discharge...
19.If an individual dies— (a) anything which could have been...
20.In column 2 of the Table in section 98 of...
Preservation of records in connection with individual protection 2016
21.If an individual is issued with a reference number for...
22.(1) The Registered Pension Schemes (Provision of Information) Regulations 2006...
29.(1) Expressions used in Part 1, 2 or 3 of...
Interpretation of Parts 3 and 4 and this Part
30.In Parts 3 and 4, and this Part, of this...
31.(1) The Commissioners may by regulations amend Part 1, 2...
1.(1) Part 4 of FA 2004 (registered pension schemes etc)...
5.(1) In paragraph 18(1A) of Schedule 29 to FA 2004...
Dependants' flexi-access drawdown funds
6.(1) Part 2 of Schedule 28 to FA 2004 (interpretation...
7.(1) Paragraph 7 of Schedule 29 to FA 2004 (interpretation...
Top-up of dependants' death benefits
10.(1) In paragraph 15 of Schedule 29 to FA 2004...
11.(1) In section 152 of the Inheritance Tax Act 1984...
3.Chapter 2 of Part 15 of ITA 2007 (deduction of...
4.For the Chapter heading substitute “ Meaning of “relevant investment”...
19.In Schedule 12 to FA 1988 (transfer of building society's...
2.In Chapter 15 of Part 5 (loan relationships: tax avoidance),...
3.In section 446 (loan relationships: bringing transfer-pricing adjustments into account),...
5.In section 447 (exchange gains and losses on debtor relationships:...
12.(1) The amendments made by this Schedule have effect in...
2.(1) Section 826 of ICTA (interest on tax overpaid) is...
9.In Part 8 of CTA 2009 (intangible fixed assets), in...
12.In Schedule 54A to FA 2009 (which is prospectively inserted...
13.In Part 8B of CTA 2010 (trading profits taxable at...
2.Schedule 18 to FA 1998 (company tax returns) is amended...
3.In paragraph 25(3)— (a) insert “ or ” at the...
4.In paragraph 42(4)— (a) insert “ or ” at the...
5.In section A1 of CTA 2009 (overview of the Corporation...
6.CTA 2010 is amended as follows.
9.TIOPA 2010 is amended as follows.
Entrepreneurs' relief: “trading company” and “trading group”
2.In section 169H(7) (introduction), for “Section 169S contains” substitute “...
5.After Schedule 7 insert— SCHEDULE 7ZA Entrepreneurs' relief: “trading company”...
1.HODA 1979 is amended as follows.
2.After section 2AB insert— Aqua methanol In this Act “aqua methanol” means a liquid fuel which...
4.After section 6AF insert— Excise duty on aqua methanol (1) A duty of excise shall be charged on the...
6.(1) For the italic heading before section 20A substitute “...
7.(1) Section 22 (prohibition on use of petrol substitutes on...
8.In section 23C (warehousing), in subsection (4), after paragraph (d)...
12.In section 20AAA of HODA 1979 (mixing of rebated oil),...
13.In section 16 of FA 1994 (appeals to a tribunal),...
2.(1) This paragraph applies where a person incurs a relevant...
3.(1) If a person is given a warning notice with...
4.(1) In this Schedule “tax” includes any of the following...
Meaning of “tax advantage” in relation to VAT
5.(1) In this Schedule “tax advantage”, in relation to VAT,...
6.(1) In this Schedule “non-deductible tax”, in relation to a...
“Tax advantage”: other taxes
7.In relation to taxes other than VAT, “tax advantage” includes—...
8.(1) For the purposes of this Schedule arrangements are “DOTAS...
8A.(1) For the purposes of this Schedule arrangements are “disclosable...
9.For the purposes of paragraph 8A arrangements are “disclosable Schedule...
“Disclosable indirect tax arrangements”
9A.(1) For the purposes of this Schedule arrangements are “disclosable...
Paragraphs 8 to 9A: “failure to comply”
10.(1) A person “fails to comply” with any provision mentioned...
“Relevant defeat”
11.(1) A person (“P”) incurs a “relevant defeat” in relation...
12.(1) Condition A is that— (a) P has been given...
13.(1) Condition B is that (in a case not falling...
14.(1) Condition C is that (in a case not falling...
15.(1) Condition D is that— (a) P is a taxable...
16.(1) Condition E is that the arrangements are disclosable VAT...
16A.(1) Condition F is that— (a) the arrangements are indirect...
17.(1) A person (“P”) who has been given a warning...
18.(1) The Commissioners may publish information about a person if...
Duty to give a restriction relief notice
19.(1) HMRC must give a person a written notice (a...
20.(1) Sub-paragraphs (2) to (15) have effect in relation to...
21.(1) In paragraphs 19 and 20 (and this paragraph) “the...
22.(1) If a person who has incurred a relevant defeat...
23.(1) The Commissioners may mitigate the effects of paragraph 20...
24.(1) A person may appeal against— (a) a relief restriction...
25.(1) In this Part of this Schedule “avoidance-related rule” means...
26.The following are “reliefs” for the purposes of this Part...
“Claim” for relief
27.In this Part of this Schedule “claim for relief” includes...
28.In this Part of this Schedule “tax” does not include...
29.(1) The Treasury may by regulations— (a) amend paragraph 20;...
30.(1) A person is liable to pay a penalty if...
31.(1) If a person incurs simultaneously two or more relevant...
32.(1) In relation to a relevant defeat incurred by virtue...
Value of counteracted advantage: losses for purposes of direct tax
33.(1) This paragraph has effect in relation to relevant defeats...
34.(1) To the extent that the counteracted advantage (see paragraph...
35.(1) In paragraphs 33 and 34 “the counteracted advantage” means—...
Value of the counteracted advantage: Conditions D and E
36.(1) In relation to a relevant defeat incurred by a...
37.(1) Sub-paragraph (3) of paragraph 36 has effect as follows...
38.(1) Where a person is liable for a penalty under...
39.(1) After notification of an assessment has been given to...
40.(1) The amount of a penalty for which a person...
41.(1) A person may appeal against a decision of HMRC...
Penalties: reasonable excuse
42.(1) A person is not liable to a penalty under...
43.(1) In paragraph 42 “the relevant failure”, in relation to...
44.(1) The Commissioners may in their discretion mitigate a penalty...
45.(1) Where a body corporate (“R”) is the representative member...
46.(1) Sub-paragraphs (2) and (3) apply if HMRC has a...
47.(1) Sub-paragraph (2) applies if a person (“P”) incurs a...
48.(1) For the purposes of paragraph 47 two persons are...
49.(1) Where paragraph 50 applies in relation to a partnership...
50.(1) This paragraph applies in relation to a partnership return...
51.(1) If paragraph 50 applies in relation to a partnership...
52.(1) Sub-paragraph (2) applies if a partnership return is amended...
53.(1) In paragraphs 49 to 52 and this paragraph— “partnership”...
Meaning of “adjustments”
54.(1) In this Schedule “adjustments” means any adjustments, whether by...
55.(1) With reference to a particular relevant defeat incurred by...
56.(1) In the case of inheritance tax, each of the...
57.(1) In this Schedule references to an assessment to tax...
58.(1) In this Schedule— “arrangements” has the meaning given by...
59.In section 103ZA of TMA 1970 (disapplication of sections 100...
63.Subject to paragraphs 64 and 65, paragraphs 1 to 62...
1.This Part defines terms for the purposes of this Schedule....
“Relevant body”
2.(1) “Relevant body” means a UK company or any other...
3.(1) “UK company” means a company which is (or is...
“UK permanent establishment”
4.(1) “UK permanent establishment” means a permanent establishment in the...
5.(1) A UK company is a “qualifying company” in any...
6.(1) “Group” means two or more relevant bodies which together...
10.(1) A group is a “qualifying group” in any financial...
“UK sub-group” and “head” (in relation to a UK sub-group)
11.(1) A “UK sub-group” consists of two or more relevant...
“UK partnership”, “qualifying partnership” and “representative partner”
12.(1) “UK partnership” means a body of any of the...
13.“Financial year”— (a) in relation to a UK company, has...
14.(1) “Turnover”— (a) in relation to a UK company, has...
“UK taxation”
15.(1) “UK taxation” means — (a) income tax,
16.(1) This paragraph applies in relation to a UK group...
17.(1) A group tax strategy required to be published on...
18.(1) This paragraph applies where paragraph 16 requires a group...
19.(1) This paragraph applies to a UK sub-group of a...
20.(1) Paragraph 17 applies in relation to a sub-group tax...
21.(1) This paragraph applies where paragraph 19 requires a sub-group...
22.(1) This paragraph applies in relation to a UK company...
23.(1) The company tax strategy must set out—
24.(1) This paragraph applies where paragraph 22 requires a company...
25.(1) Paragraphs 22 to 24 apply in relation to a...
26.(1) Paragraphs 27 to 33 apply in relation to the...
27.A failure to do anything required by this Part to...
28.(1) Liability to a penalty for a failure does not...
29.(1) Where a person becomes liable to a penalty—
30.(1) A person may appeal against a decision of HMRC...
31.(1) A penalty must be paid— (a) before the end...
32.(1) If it appears to the Treasury that there has...
33.Subject to the provisions of this Part, the following provisions...
34.In this Part “tax strategy” means— (a) a group tax...
35.A UK group falls within this Part of this Schedule...
41.(1) A designated HMRC officer may give the head of...
42.(1) This paragraph applies to a UK group if—
46.(1) Sub-paragraphs (2) and (3) apply where—
47.(1) For the purposes of Schedule 24 to FA 2007...
49.(1) If a group is subject to a confirmed special...
50.(1) A UK sub-group of a foreign group falls within...
51.(1) A UK company falls within this Part if—
52.(1) A UK partnership falls within this Part if—
53.In this Part “designated HMRC officer” means an officer of...
54.The power to make regulations under section 122(6)(c) of FA...
55.(1) Regulations under this Schedule are to be made by...
1.(1) A penalty is payable by a person (P) who...
2.(1) This paragraph has effect for the purposes of this...
3.(1) The penalty payable under paragraph 1 is (except in...
4.(1) The potential lost revenue in a case where P...
5.(1) The potential lost revenue in a case where P...
6.(1) This paragraph applies where any amount of potential lost...
7.(1) If P (who would otherwise be liable to a...
10.(1) Where a person is found liable for a penalty...
12.A person may appeal against— (a) a decision of HMRC...
15.A person is not liable to a penalty under paragraph...
16.Subject to the provisions of this Part of this Schedule,...
17.(1) This paragraph applies for the purposes of this Schedule....
18.(1) Schedule 36 to FA 2008 (information and inspection powers)...
19.In its application for the purpose mentioned in paragraph 18(1)...
20.The following provisions are excluded from the application of Schedule...
22.(1) The Commissioners for Her Majesty's Revenue and Customs (“the...
1.Schedule 24 to FA 2007 (penalties for errors) is amended...
5.Schedule 41 to FA 2008 (penalties: failure to notify etc)...
9.Schedule 55 to FA 2009 (penalty for failure to make...
1.(1) An asset-based penalty is payable by a person (P)...
2.(1) A standard offshore tax penalty is a penalty that...
3.(1) Where a standard offshore tax penalty is imposed under...
4.(1) The potential lost revenue threshold is reached where the...
5.(1) The offshore PLR, in relation to a tax year,...
6.(1) Sub-paragraphs (2) and (3) apply where—
6A.Where— (a) a penalty has been imposed on a person...
7.(1) The standard amount of the asset-based penalty is the...
8.(1) HMRC must reduce the standard amount of the asset-based...
9.(1) If HMRC think it right because of special circumstances,...
10.(1) This Part makes provision about the identification and valuation...
11.(1) This paragraph applies where the principal tax at stake...
12.(1) This paragraph applies where the principal tax at stake...
13.(1) This paragraph applies where the principal tax at stake...
14.(1) This paragraph applies where an asset-based penalty is chargeable...
15.(1) Where a person (P) becomes liable for an asset-based...
16.(1) P may appeal against a decision of HMRC that...
19.(1) In this Schedule— “asset” has the same meaning as...
20.(1) In section 103ZA to TMA 1970 (disapplication of sections...
6.After section 31A (notice of appeal) insert— Taxpayer's right to...
Enterprise management incentives exemptions and reliefs
1.(1) The OTS is to consist of not more than...
3.(1) Sub-paragraphs (2) and (3) apply where a person (“P”)...
4.A member of the OTS may at any time resign...
6.The Treasury may pay a member of the OTS such...
7.The Treasury may provide the OTS with such staff, accommodation,...
8.The OTS may regulate its own procedure.
10.The OTS may do anything that appears to it to...
11.(1) The Treasury may make to the OTS such payments...
12.In Part 2 of Schedule 1 to the House of...
14.In Part 6 of Schedule 1 to the Freedom of...
15.In Part 1 of Schedule 19 to the Equality Act...