Source: http://www.legislation.gov.uk/ukpga/2009/10/schedule/50
Timestamp: 2013-05-19 10:34:49
Document Index: 295005589

Matched Legal Cases: ['art. 2', 'art. 3', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art 4']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsHomeAbout UsBrowse LegislationNew LegislationChanges to LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchFinance Act 2009You are here:2009 c. 10SCHEDULE 50Table of ContentsContentExplanatory NotesMore ResourcesPrevious: ScheduleNext: SchedulePlain ViewPrint Options
Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2009. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to :Changes and effectsThis section lists the changes and effects yet to be applied to the specific provision you are viewing.specified provision(s) Appointed Day(s) by S.I. 2010/574 art. 2 (Day appointed for purposes of s. 94)Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Blanket amendment words substituted by S.I. 2011/1043 art. 3 4Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 103A inserted by 2010 c. 33 Sch. 9 para. 4Sch. 54A inserted by 2010 c. 33 Sch. 9 para. 12Commencement Orders yet to be applied to the Finance Act 2009:Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing provisions within this Act into force:S.I. 2010/466 art. 3 commences (2009 c. 10)S.I. 2010/670 art. 2 commences (2009 c. 10)S.I. 2010/815 art. 2 commences (2009 c. 10)S.I. 2010/867 art. 2 commences (2009 c. 10)S.I. 2010/1878 art. 2 commences (2009 c. 10)S.I. 2011/701 art. 3 commences (2009 c. 10)S.I. 2011/702 art. 2 3 commences (2009 c. 10)S.I. 2011/2391 art. 2(b)(c) commences (2009 c. 10)S.I. 2011/2401 art. 2(1) commences (2009 c. 10)Commencement Orders bringing legislation that affects this Act into force:S.I. 2011/132 art. 2 3 commences (2010 c. 33)S.I. 2011/703 art. 2 3 commences (2010 c. 33)S.I. 2011/975 art. 2 commences (2010 c. 13)S.I. 2011/2391 art. 2(a) commences (2010 c. 33)S.I. 2011/2401 art. 2(2) amendment to earlier commencing SI 2011/701Section 98SCHEDULE 50E+W+S+N.I.Record-keepingThis schedule has no associated Explanatory NotesInsurance premium taxE+W+S+N.I.1(1)Paragraph 1 of Schedule 7 to FA 1994 (insurance premium tax: records) is amended as follows.E+W+S+N.I.(2)In sub-paragraph (3)—(a)after “may” insert “— (b)insert at the end—“(b)authorise the Commissioners to direct that any such records need only be preserved for a shorter period than that specified in the regulations, and
(c)authorise a direction to be made so as to apply generally or in such cases as the Commissioners may stipulate.”
(3)For sub-paragraphs (4) to (6) substitute—“(4)A duty under the regulations to preserve records may be discharged—
(a)by preserving them in any form and by any means, or
(b)by preserving the information contained in them in any form and by any means,
subject to any conditions or exceptions specified in writing by the Commissioners.”
2In consequence of the amendment made by paragraph 1(3), in the Criminal Procedure (Consequential Provisions) (Scotland) Act 1995, in Schedule 4, omit paragraph 89(4)(a).E+W+S+N.I.Stamp duty land taxE+W+S+N.I.3Part 4 of FA 2003 (stamp duty land tax) is amended as follows.E+W+S+N.I.4Schedule 10 (stamp duty land tax: returns, enquiries, assessments and appeals) is amended in accordance with paragraphs 5 to 7.E+W+S+N.I.5(1)Paragraph 9 (duty to keep and preserve records) is amended as follows.E+W+S+N.I.(2)In sub-paragraph (2), for “for six years after the effective date of the transaction and until any later” substitute “ until the end of the later of the relevant day and the ”.(3)After that sub-paragraph insert—“(2A)“The relevant day” means—
(a)the sixth anniversary of the effective date of the transaction, or
(b)such earlier day as may be specified in writing by the Commissioners for Her Majesty's Revenue and Customs (and different days may be specified for different cases).”
(4)After sub-paragraph (3) insert—“(4)The Commissioners for Her Majesty's Revenue and Customs may by regulations—
(a)provide that the records required to be kept and preserved under this paragraph include, or do not include, records specified in the regulations, and
(b)provide that those records include supporting documents so specified.
(5)Regulations under this paragraph may make provision by reference to things specified in a notice published by the Commissioners for Her Majesty's Revenue and Customs in accordance with the regulations (and not withdrawn by a subsequent notice).
(6)“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.”
6For paragraph 10 (preservation of information instead of original records) substitute—E+W+S+N.I.“10The duty under paragraph 9 to preserve records may be satisfied—(a)by preserving them in any form and by any means, or
subject to any conditions or exceptions specified in writing by the Commissioners for Her Majesty's Revenue and Customs.”
7Accordingly, in the heading before paragraph 10, for “instead of original records” substitute “ etc ”.E+W+S+N.I.8Schedule 11 (record-keeping where transaction is not notifiable) is amended in accordance with paragraphs 9 to 11.E+W+S+N.I.9(1)Paragraph 4 (duty to keep and preserve records) is amended as follows.E+W+S+N.I.(2)In sub-paragraph (2), for “for six years after the effective date of the transaction” substitute “until the end of— (a)the sixth anniversary of the effective date of the transaction, or
(3)After sub-paragraph (3) insert—“(4)The Commissioners for Her Majesty's Revenue and Customs may by regulations—
10For paragraph 5 (preservation of information instead of original records) substitute—E+W+S+N.I.“5The duty under paragraph 4 to preserve records may be satisfied—(a)by preserving them in any form and by any means, or
11Accordingly, in the heading before paragraph 5, for “instead of original records” substitute “ etc ”.E+W+S+N.I.12Schedule 11A (claims not included in returns) is amended in accordance with paragraphs 13 and 14.E+W+S+N.I.13(1)Paragraph 3 (duty to keep and preserve records) is amended as follows.E+W+S+N.I.(2)Omit sub-paragraphs (3) and (4).(3)After sub-paragraph (4) insert—“(4A)The Commissioners for Her Majesty's Revenue and Customs may by regulations—
(4B)Regulations under this paragraph may make provision by reference to things specified in a notice published by the Commissioners for Her Majesty's Revenue and Customs in accordance with the regulations (and not withdrawn by a subsequent notice).
(4C)“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.”
14After that paragraph insert—E+W+S+N.I.“Preservation of information etcE+W+S+N.I.3AThe duty under paragraph 3 to preserve records may be satisfied—(a)by preserving them in any form and by any means, or
Aggregates levyE+W+S+N.I.15Schedule 7 to FA 2001 (aggregates levy: information and evidence etc) is amended as follows.E+W+S+N.I.16(1)Paragraph 2 (records) is amended as follows.E+W+S+N.I.(2)For sub-paragraphs (4) and (5) substitute—“(4)A duty under regulations under this paragraph to preserve records may be discharged—
(3)In sub-paragraph (9), omit “approval or” and “given or”.17Omit paragraph 3 (evidence of records that are required to be preserved).E+W+S+N.I.Climate change levyE+W+S+N.I.18Schedule 6 to FA 2000 (climate change levy) is amended as follows.E+W+S+N.I.19(1)Paragraph 125 (records) is amended as follows.E+W+S+N.I.(2)For sub-paragraphs (4) and (5) substitute—“(4)A duty under regulations under this paragraph to preserve records may be discharged—
(3)In sub-paragraph (9), omit “approval or” and “given or”.20Omit paragraph 126 (evidence of records that are required to be preserved).E+W+S+N.I.Landfill taxE+W+S+N.I.21In paragraph 2 of Schedule 5 to FA 1996 (landfill tax: records), for sub-paragraphs (4) to (7) substitute—E+W+S+N.I.“(4)A duty under regulations under this paragraph to preserve records may be discharged—
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