LegalizeReform history
Finance (No. 2) Act 1992
27 versions
· 1992-07-16
2021-08-01
Finance (No. 2) Act 1992
2020-12-31
Finance (No. 2) Act 1992
2020-12-17
Finance (No. 2) Act 1992
2013-01-31
Finance (No. 2) Act 1992
2011-04-22
Finance (No. 2) Act 1992
2010-04-01
Finance (No. 2) Act 1992
2010-01-25
Finance (No. 2) Act 1992
2009-10-01
Finance (No. 2) Act 1992
2009-07-21
Finance (No. 2) Act 1992
2009-06-01
Finance (No. 2) Act 1992
2009-04-01
Finance (No. 2) Act 1992
Changes on 2009-04-01
@@ -402,21 +402,11 @@
##### 28
- (1) Subsection (2) below applies if—
- (a) an exempt body has made a claim for exemption from tax under section 505(1), 507 or 508 of the Taxes Act 1988 or under Part 10 of the Income Tax Act 2007, and
- (b) the exemption results in, or (where it has yet to be granted or allowed) would if granted or allowed result in, the repayment of income tax or the payment of a tax credit.
- (2) The Board may require the body to produce for inspection by an officer of the Board all such books, documents and other records in the possession, or under the control, of the body as contain information relating to the claim.
- (3) For the purposes of subsection (1) above each of the following is an exempt body—
- (a) any body of persons or trust established for charitable purposes only;
- (b) each of the bodies mentioned in section 507 of the Taxes Act 1988 (heritage bodies);
- (c) any Association of a description specified in section 508 of that Act (scientific research organisations).
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In the Table in section 98 of the Taxes Management Act 1970 (penalties for failure to produce documents etc.) at the end of the second column there shall be inserted—
@@ -1088,27 +1078,19 @@
- (6) This section shall be construed as one with Part I of the Oil Taxation Act 1975.
### General and Special Commissioners
### ...
#### Change of name
##### 75
- (1) The Lord Chancellor may, with the consent of the Lord Advocate, make regulations providing for—
- (a) Commissioners for the general purposes of the income tax to hold office by a different name (and to be referred to otherwise than as “*General Commissioners*”), and
- (b) Commissioners for the special purposes of the Income Tax Acts to hold office by a different name (and to be referred to otherwise than as “*Special Commissioners*”).
- (2) The regulations may make such consequential amendments of any Act or instrument made under any Act as the Lord Chancellor thinks appropriate.
- (3) Regulations under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Miscellaneous
##### 76
Schedule 16 to this Act (which makes provision in relation to the remuneration, jurisdiction, practice and procedure of the General and Special Commissioners etc.) shall have effect.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Miscellaneous
@@ -3952,11 +3934,11 @@
- (b) the value of the its assets is, or was at that time, less than the amount of its liabilities (taking into account its contingent and prospective liabilities).
### Taxation of certain receipts under Case VI of Schedule D
### Taxation of certain receipts
##### 3
- (1) Tax shall be charged (in the case of corporation tax, under Case VI of Schedule D) in respect of any sums within sub-paragraph (2) below that are received by the company or its liquidator after—
- (1) Tax shall be charged ... in respect of any sums within sub-paragraph (2) below that are received by the company or its liquidator after—
- (a) the commencement of the winding-up proceedings, or
@@ -3964,19 +3946,21 @@
whichever was the later.
- (1A) So far as relating to corporation tax, the charge to tax under sub-paragraph (1) has effect as an application of the charge to corporation tax on income.
- (2) Subject to sub-paragraph (3) below, any sum arising from the carrying on of the relevant trade is within this sub-paragraph, in so far as its value was not brought into account in computing the profits or gains of the trade for any period before the discontinuance.
- (3) The following are not within sub-paragraph (2) above—
- (a) any sum received on behalf of a person who is entitled to it to the exclusion of the company and its liquidator;
- (b) any sum realised by the transfer of an asset required to be valued under section 100 of the Taxes Act 1988 or section 173 of the Income Tax (Trading and Other Income) Act 2005 (valuation of trading stock at discontinuance);
- (b) any sum realised by the transfer of an asset required to be valued under ... section 173 of the Income Tax (Trading and Other Income) Act 2005 or section 162 of the Corporation Tax Act 2009 (valuation of trading stock at discontinuance);
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Where tax is chargeable in respect of any sum by virtue of this paragraph, any other provision charging that sum to tax shall not apply.
- (5) This paragraph and paragraph 4 below have effect for the purposes of corporation tax notwithstanding anything in section 80(5) of the Finance Act 1996 (matters to be brought into account in the case of loan relationships only under Chapter 2 of Part 4 of that Act).
- (5) This paragraph and paragraph 4 below have effect for the purposes of corporation tax notwithstanding anything in section 464(1) of the Corporation Tax Act 2009 (matters to be brought into account in the case of loan relationships only under Part 5 of that Act).
### Relief from tax
@@ -4364,126 +4348,45 @@
##### 1
The Taxes Management Act 1970 shall be amended in accordance with paragraphs 2 to 5 below.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Remuneration of General Commissioners etc.
##### 2
- (1) In section 2 (General Commissioners), the following subsection shall be substituted for subsection (5)—
> (5) The Lord Chancellor or, in Scotland, the Secretary of State shall pay General Commissioners by way of travelling allowance or subsistence allowance sums of such amounts and in such circumstances as he may, with the approval of the Treasury, determine.
- (2) Section 3 (clerk to General Commissioners) shall be amended as mentioned in sub-paragraphs (3) and (4) below.
- (3) The following subsection shall be substituted for subsection (2)—
> (2) The Lord Chancellor or, in Scotland, the Secretary of State shall pay a clerk such remuneration in respect of his services as the Lord Chancellor or Secretary of State may, with the approval of the Treasury, determine.
- (4) In subsection (3)—
- (a) for “The Board may, in such cases as they may in their discretion determine" there shall be substituted “ The Lord Chancellor or, in Scotland, the Secretary of State may, in such cases as he may in his discretion determine ”,
- (b) for “they may with the consent of the Minister for the Civil Service determine" there shall be substituted “ he may, with the approval of the Treasury, determine ”, and
- (c) for “the Board are satisfied" there shall be substituted “ the Lord Chancellor or Secretary of State is satisfied ”.
- (5) This paragraph shall come into force on 1st April 1994.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Jurisdiction
##### 3
The following section shall be inserted after section 46—
> (46A)
> (1) The Lord Chancellor may, with the consent of the Lord Advocate, make regulations—
> (a) providing for appeals or other proceedings under the Taxes Acts to be determined in certain circumstances by the Special Commissioners instead of the General Commissioners or by the General Commissioners instead of the Special Commissioners;
> (b) providing for appeals or other proceedings under the Taxes Acts that would otherwise be determined by the General Commissioners for one division to be determined in certain circumstances by the General Commissioners for another division;
> (c) as to the number of General Commissioners or Special Commissioners required or permitted to hear, or perform other functions in relation to, appeals or other proceedings under the Taxes Acts.
> (2) The regulations may—
> (a) make different provision for different cases or different circumstances, and
> (b) contain such supplementary, incidental, consequential and transitional provision as the Lord Chancellor thinks appropriate.
> (3) Provision made by virtue of subsection (1) or (2) above may include provision amending this or any other Act or any instrument made under an Act.
> (4) Regulations under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Practice and procedure
##### 4
The following sections shall be inserted after section 56A—
> (56B)
> (1) The Lord Chancellor may, with the consent of the Lord Advocate, make regulations about the practice and procedure to be followed in connection with appeals.
> (2) The regulations may in particular include provision—
> (a) enabling the Commissioners to join as a party to an appeal a person who would not otherwise be a party;
> (b) for requiring any party to an appeal to provide information and make documents available for inspection by the Commissioners or by officers of the Board;
> (c) for requiring persons to attend the hearing of an appeal to give evidence and produce documents;
> (d) as to evidence generally in relation to appeals;
> (e) enabling the Commissioners to review their decisions;
> (f) for the imposition of penalties not exceeding an amount specified in the regulations;
> (g) for the determination and recovery of penalties (imposed by virtue of paragraph (f) above or any other enactment) and for appeals against penalties.
> (3) The regulations may also include provision—
> (a) authorising or requiring the Commissioners, in circumstances prescribed in the regulations, to state a case for the opinion of a court;
> (b) for an appeal to lie to a court on a question of law arising from a decision of the Commissioners;
> (c) as to the practice and procedure to be followed in connection with cases so stated or such appeals.
> (4) The regulations may—
> (a) make different provision for different cases or different circumstances, and
> (b) contain such supplementary, incidental, consequential and transitional provision as the Lord Chancellor thinks appropriate.
> (5) Provision made by virtue of any of subsections (1) to (4) above may include provision amending this or any other Act or any instrument made under an Act.
> (6) Regulations under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
> (56C)
> (1) Regulations made under section 56B above may include provision for—
> (a) the award by the Special Commissioners of the costs of, or incidental to, appeal hearings before them,
> (b) the recovery of costs so awarded, and
> (c) appeals against such awards.
> (2) Any provision made by virtue of subsection (1)(a) above shall provide that the Special Commissioners shall not award costs against a party to an appeal unless they consider that he has acted wholly unreasonably in connection with the hearing in question.
> (56D)
> (1) Regulations made under section 56B above may include provision for the Special Commissioners to publish reports of such of their decisions as they consider appropriate.
> (2) Any provision made by virtue of subsection (1) above shall provide that any report published, other than a report of an appeal that was heard in public, shall be in a form that so far as possible prevents the identification of any person whose affairs are dealt with in the report.
> (3) No obligation of secrecy to which the Special Commissioners are subject (by virtue of this Act or otherwise) shall prevent their publishing reports of their decisions in accordance with any provision made by virtue of subsection (1) above.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 5
Section 57B (which is superseded by the sections inserted by paragraph 4 above) shall be omitted.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Oil taxation appeals
##### 6
- (1) In Schedule 2 to the Oil Taxation Act 1975 (management and collection of petroleum revenue tax) the Table in paragraph 1(1) shall be amended as follows.
- (2) After the entry relating to section 36 of the Taxes Management Act 1970 there shall be inserted—
| Section 46A | In subsection (1), omit paragraphs (a) and (b) and the words “General Commissioners or" in paragraph (c). |
| --- | --- |
- (3) After the entry relating to section 56 of the Taxes Management Act 1970 there shall be inserted—
| Section 56A | |
| --- | --- |
| 56B | |
| 56C | |
| 56D | |
.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7
The Revenue Appeals Order 1987 shall have effect (subject to its revocation or amendment) as if any reference to section 56 of the Taxes Management Act 1970 included a reference to that section as applied by paragraph 1 of Schedule 2 to the Oil Taxation Act 1975.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Inheritance tax appeals
##### 8
The following section shall be inserted in the Inheritance Tax Act 1984 after section 225—
> (225A)
> (1) Section 46A of the Taxes Management Act 1970 (regulations about jurisdiction of General and Special Commissioners) shall apply in relation to appeals or other proceedings under this Part of this Act as it applies in relation to appeals or other proceedings under the Taxes Acts, but with the omission from subsection (1) of—
> (a) paragraphs (a) and (b), and
> (b) the words “General Commissioners or" in paragraph (c).
> (2) Sections 56B, 56C and 56D of the Taxes Management Act 1970 (regulations about practice and procedure of General and Special Commissioners) shall apply in relation to appeals or other proceedings under this Part of this Act as they apply in relation to appeals or other proceedings under the Taxes Acts.
> (3) In this section, “*the Taxes Acts*” has the meaning given in section 118(1) of the Taxes Management Act 1970.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 17
@@ -4643,15 +4546,15 @@
- (1) This paragraph applies where any apportionment or other matter arising under the preceding provisions of this Schedule appears to be material as respects the liability to tax (for whatever period) of two or more successor companies.
- (2) Any question which arises as to the manner in which the apportionment is to be made or the matter is to be dealt with shall be determined, for the purposes of the tax of the successor companies concerned—
- (a) in a case where the same body of General Commissioners have jurisdiction with respect to the companies concerned, by those Commissioners, unless the companies agree that it shall be determined by the Special Commissioners;
- (b) in a case where different bodies of General Commissioners have jurisdiction with respect to the companies concerned, by such of those bodies as the Board may direct, unless the companies agree that it shall be determined by the Special Commissioners; and
- (c) in any other case, by the Special Commissioners.
- (3) The Commissioners by whom the question falls to be determined shall make the determination in like manner as if it were an appeal except that the successor companies concerned shall be entitled to appear and be heard by the Commissioners or to make representations to them in writing.
- (2) Any question which arises as to the manner in which the apportionment is to be made or the matter is to be dealt with shall be determined, for the purposes of the tax of the successor companies concerned as if it were an appeal, and each of the successor companies shall be entitled to be a party to any proceedings —
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Securities of successor companies
@@ -4725,7 +4628,7 @@
## Part XII — National loans
#### Powers to fix excise duty point.
#### Power to provide for drawback of excise duty.
#### Tobacco products duty: retail price of cigarettes.
@@ -4735,7 +4638,7 @@
#### Information relating to distributions.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Rights in pursuance of deposits.
#### Employee share ownership trusts.
@@ -5017,8 +4920,6 @@
[^c13519141]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c13519151]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/75/1): power to transfer functions conferred (19.5.1999) by [S.I. 1999/678](https://www.legislation.gov.uk/uksi/1999/678), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/678/article/2/1), [Sch.](https://www.legislation.gov.uk/uksi/1999/678/schedule) [S. 75(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/75/1): power to transfer certain functions (1.7.1999) by [S.I. 1999/1750](https://www.legislation.gov.uk/uksi/1999/1750), [art. 2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 3](https://www.legislation.gov.uk/uksi/1998/3178/article/3) [S. 75(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/75/1): power to make certain functions exercisable (30.6.1999) by [S.I. 1999/1748](https://www.legislation.gov.uk/uksi/1999/1748), [art. 3](https://www.legislation.gov.uk/uksi/1999/1748/article/3), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/1999/1748/schedule/1/paragraph/14)
[^c13519171]: [S. 78](https://www.legislation.gov.uk/ukpga/1992/48/section/78) repealed (31.7.1998 subject as mentioned in Note 1 to the repealing Schedule) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/V/3) Note 1
[^c13519191]: [S. 79](https://www.legislation.gov.uk/ukpga/1992/48/section/79) repealed (with application in relation to issues made on or after 15.11.1999) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 159](https://www.legislation.gov.uk/ukpga/1998/36/section/159), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. V(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/V/1), Note; [S.I. 1999/2908](https://www.legislation.gov.uk/uksi/1999/2908), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/2908/article/2/1)
@@ -5213,20 +5114,6 @@
[^c13521551]: [1986 c. 41](https://www.legislation.gov.uk/ukpga/1986/41).
[^c13521571]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c13521581]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c13521591]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c13521601]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c13521611]: [S.I. 1987/1422](https://www.legislation.gov.uk/uksi/1987/1422).
[^c13521621]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c13521631]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c13521641]: [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231)
[^c13521651]: [1979 c. 14](https://www.legislation.gov.uk/ukpga/1979/14).
@@ -5481,10 +5368,6 @@
[^key-ad694eab04e20970e748ddd98766d834]: [S. 60](https://www.legislation.gov.uk/ukpga/1992/48/section/60) repealed (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-8f3b58c8b2a211899b1613135422d82d]: Words in [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1) substituted (30.3.2006) (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [4(2)](https://www.legislation.gov.uk/uksi/2006/959/article/4/2)
[^key-e228ba77a697a1507407a52cfad2446a]: Words in [Sch. 12 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/3/b) inserted (30.3.2006) (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [4(3)](https://www.legislation.gov.uk/uksi/2006/959/article/4/3)
[^key-f5ccf796f0f3ea707d3ce08fc79de7ec]: [Sch. 15 para. 4(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/15/paragraph/4/1) repealed (19.7.2006) (with effect in accordance with Sch. 26 Pt. 5(1) Note 2 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/5/1)
[^key-d919683270797b7e3831f2899bc1bda2]: Ss. 40A-43 repealed (19.7.2006) (with effect in accordance with Sch. 26 Pt. 3(4) Note 1 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/4)
@@ -5493,8 +5376,6 @@
[^key-74f329663b06600dfd8401170a7f3698]: [S. 19(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-133ac956ef86142445a7ee6ec1f2df3f]: Words in s. 28(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 350](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/350) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-cd6098347f1080d68d6d715d810a2650]: [S. 61](https://www.legislation.gov.uk/ukpga/1992/48/section/61) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a95817c22f066a88a3840376f30cd325]: S. 62 repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
@@ -5527,76 +5408,108 @@
[^key-d213e74f250b17fbd6c947d476a35b9e]: [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/2) modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [arts. 1](https://www.legislation.gov.uk/uksi/2009/317/article/1), [4](https://www.legislation.gov.uk/uksi/2009/317/article/4)
#### Enforcement powers.
[^key-0eed7cec660d3d84df23abb607531a85]: S. 75 cross-heading omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 186(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/186/a)
[^key-2bf7e1a41b7e195cb341d764111ada2e]: Sch. 12 para. 3 cross-heading substituted (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(6)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-8df3f5017fefbbbd3937181f4f6ae863]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1992/48/schedule/16) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 186(c)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/186/c)
[^key-93510c0c4cd869206909ac8437a6c791]: [S. 28(1)-(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/28/1) omitted (1.4.2009) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/113/2), [Sch. 36 para. 86](https://www.legislation.gov.uk/ukpga/2008/9/schedule/36/paragraph/86) (with [Sch. 36 para. 38](https://www.legislation.gov.uk/ukpga/2008/9/schedule/36/paragraph/38)); [S.I. 2009/404](https://www.legislation.gov.uk/uksi/2009/404), [art. 2](https://www.legislation.gov.uk/uksi/2009/404/article/2)
[^key-8f8f112c9c4f78582e233884b203b351]: S. 75 omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 186(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/186/b)
[^key-1b7dda58a6dd0f99babab920b6ba1e63]: S. 76 omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 186(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/186/b)
[^key-20a9969421120635cf2d3ca475268970]: Words in Sch. 12 para. 3(1) repealed (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d86f23afbd694ce73abb84220fbd8741]: Sch. 12 para. 3(1A) inserted (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-73196e55264420903f326a179e2b9311]: Words in Sch. 12 para. 3(3) repealed (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(4)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/4/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5f2866bd3d80bdb1d74c84e5adbddafa]: Words in Sch. 12 para. 3(3) inserted (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(4)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/4/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5ae769653fbadea71f052c9d9c569f43]: Words in Sch. 12 para. 3(5) substituted (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 390(5)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/390/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ea208b7bd4a70b245eb78aaad2c2eae6]: Words in [Sch. 17 para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/8/2) inserted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 187(2)(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/187/2/a)
[^key-cb0f098c4cc06b7e4d041e129b2968a2]: [Sch. 17 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/8/2/a)[(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/8/2/b)[(c)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/8/2/c) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 187(2)(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/187/2/b)
[^key-9251679bb8c0d65127b7e84231238c68]: [Sch. 17 para. 8(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/8/3) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 187(3)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/187/3)
[^M_F_3a1d260c-435e-4db4-c4f4-687f65d83337]: Words in Sch. 12 para. 3(3)(b) inserted (30.3.2006) (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [4(3)](https://www.legislation.gov.uk/uksi/2006/959/article/4/3)
#### Protection of revenues derived from excise duties.
#### Tobacco products duty: retail price of cigarettes.
#### Search of aircraft.
#### Amendments relating to new beer duty regime.
#### Vehicles excise duty: goods vehicles.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Powers of inspection.
#### Employee share schemes: special benefits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of a UK trade: amendment of 1970 Act.
#### Friendly societies.
#### Qualifying maintenance payments: maintenance assessments etc.
#### Friendly societies.
#### Qualifying maintenance payments: extension to member States.
These repeals have effect as from 1st January 1993.
#### Transfer of a UK trade: amendment of 1970 Act.
#### Foreign earnings.
#### Foreign earnings.
These repeals have effect as from 1st January 1993.
#### Powers of inspection.
#### Information relating to distributions.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of a UK trade: amendment of 1970 Act.
#### Oil extraction activities: extended transportation.
#### Friendly societies.
These repeals have effect as from 1st January 1993.
This repeal has effect in accordance with section 11 of this Act.
#### Charge and rate of corporation tax for 1992.
#### Employee share schemes: special benefits.
#### Transfer of a non-UK trade: amendment of 1970 Act.
#### Oil extraction activities: extended transportation.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of a UK trade: amendment of 1970 Act.
#### Friendly societies.
#### Qualifying maintenance payments: maintenance assessments etc.
#### Friendly societies.
#### Qualifying maintenance payments: extension to member States.
These repeals have effect as from 1st January 1993.
#### Transfer of a UK trade: amendment of 1970 Act.
#### Foreign earnings.
#### Foreign earnings.
These repeals have effect as from 1st January 1993.
#### Transfer of a non-UK trade: amendment of 1970 Act.
#### The Arbitration Convention.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information relating to distributions.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of a UK trade: amendment of 1970 Act.
#### Oil extraction activities: extended transportation.
#### Friendly societies.
These repeals have effect as from 1st January 1993.
This repeal has effect in accordance with section 11 of this Act.
#### Married couple’s allowance etc.
#### Employee share ownership trusts.
#### Transfer of a non-UK trade: amendment of 1970 Act.
#### Foreign earnings.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
These repeals have effect as from 1st January 1993.
These repeals have effect as from 1st January 1993.
#### Transfer of a UK trade: amendment of 1970 Act.
#### Transfer of a non-UK trade.
#### Friendly societies.
These repeals have effect as from 1st January 1993.
2009-02-21
Finance (No. 2) Act 1992
2008-09-01
Finance (No. 2) Act 1992
2008-07-21
Finance (No. 2) Act 1992
2007-07-19
Finance (No. 2) Act 1992
2007-04-06
Finance (No. 2) Act 1992
2006-12-31
Finance (No. 2) Act 1992
2006-07-19
Finance (No. 2) Act 1992
2006-03-30
Finance (No. 2) Act 1992
2005-04-07
Finance (No. 2) Act 1992
2005-04-06
Finance (No. 2) Act 1992
2004-12-02
Finance (No. 2) Act 1992
2004-09-17
Finance (No. 2) Act 1992
2003-04-06
Finance (No. 2) Act 1992
2002-07-24
Finance (No. 2) Act 1992
1995-05-01
Finance (No. 2) Act 1992
1992-07-16
Finance (No. 2) Act 1992
original version
Text at this date