Finance Act 1993

[^key-fe78f98de0193183aaa0a42e8ba8ad29]: Words in s. 10(1) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 14(2)

[^key-9d2cb92816bf6d631133669eccbe25b1]: S. 10(4) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 14(5)

[^key-155418390eb4be22a03d3b22d98ab532]: S. 10(6) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 14(6)

[^key-215d9258b7c9862d98c5693b915205d0]: S. 24(4)(e) repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 17 Group 3

[^key-85110b2c19aafbe83eab8047f4e3142c]: S. 171(2)(a)(b) substituted (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 464(2) (with Sch. 2)

[^key-446915b0637b6c401040db1419c749f3]: S. 183(1) repealed (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)

[^key-a37211613f5a36004dbbf9a686cffc78]: S. 77(3) repealed (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)

[^key-e487284564b41509334d8f8f9c2a4a30]: Sch. 6 para. 2 repealed (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)

[^key-4d33af9bdb6c62d58ed9ccf4b410d775]: Sch. 6 para. 6 repealed (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)

[^key-4f80593336d898b4d9534e60b3c97716]: Sch. 6 para. 7 repealed (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)

[^key-12e2524be9e8250511afd173f269429a]: Words in Sch. 20A para. 2(2) substituted (with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 466(2) (with Sch. 2)

[^key-307a7e4fbb8e5959838187d1509d4384]: Words in Sch. 20A para. 7(2) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 466(3) (with Sch. 2)

[^key-ff9aee54bcdf366a70877b77ecbac972]: Words in s. 184(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Lloyds Underwriters (Tax) Regulations 2005 (S.I. 2005/3338), regs. 1(1), 16

[^key-0d4d638e4f1cc57fd3cfb25bf0ce33d6]: Words in Sch. 20A para. 8 substituted (14.2.2006) by The Lloyds Underwriters (Conversion to Limited Liability Underwriting) (Tax) Regulations 2006 (S.I. 2006/112), regs. 1, 2

[^key-5f2b76f9534877006cd799888ef350ad]: S. 36(4)(5) repealed (N.I.) (27.3.2006) by The Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), art. 1(3), Sch. 9; S.R. 2006/21, art. 2 (subject to S.R. 2006/22, arts. 2-7)

[^key-b53fe8a799449ee6b50a0e686e910963]: S. 182(6) inserted (20.7.2005 for specified purposes, 6.4.2006 in so far as not already in force) by Finance (No. 2) Act 2005 (c. 22), s. 45(3)(8)(9); S.I. 2005/3337, art. 3

[^key-5eb5fcc7f5e7471f3eb427bc4602d396]: S. 173 repealed (20.7.2005 for specified purposes, 6.4.2006 in so far as not already in force) by Finance (No. 2) Act 2005 (c. 22), s. 45(1)(8)(9), Sch. 11 Pt. 2(11); S.I. 2005/3337, art. 3

[^key-fe5ec98f808cac776270c697e4713979]: Sch. 19 repealed (20.7.2005 for specified purposes, 6.4.2006 in so far as not already in force) by Finance (No. 2) Act 2005 (c. 22), s. 45(1)(8)(9), Sch. 11 Pt. 2(11); S.I. 2005/3337, art. 3

[^key-561d2ee247a3ac647b01d8b983dd0c17]: S. 106 repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)

[^key-c640b9ccd2ef0b7938872900036278b5]: S. 107(4)-(7) repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)

[^key-161e182aca6b39d5e8f55774308ced9f]: S. 112 repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)

[^M_F_ce9a57d6-0708-4b69-ab7b-acebb107b123]: Words in s. 182(1)(a) repealed (20.7.2005 for specified purposes, 6.4.2006 in so far as not already in force) by Finance (No. 2) Act 2005 (c. 22), s. 45(2)(8)(9), Sch. 11 Pt. 2(11); S.I. 2005/3337, art. 3

[^key-d7b1d9bd51644a696181951ac4c066b2]: S. 97 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-afd528e91ee968faf55eedfb1e235228]: Sch. 10 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-cb72f414b4f4ff9915cab1d0e0d619b1]: Sch. 11 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-5a3a3f4007b5af197108739fb55765df]: S. 98 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-0269e86c902c62ac2987439b0e879021]: S. 101 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-116afbe03e34d300d18c884ddd4a4a92]: S. 102 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-410f78c38513580a487bd656d60e2672]: Words in s. 184(1) substituted (31.12.2006) by The Lloyds Sourcebook (Finance Act 1993 and Finance Act 1994) (Amendment) Order 2006 (S.I. 2006/3273), arts. 1, 2

[^key-64afafe3284fc3efba90ac3f1b99020f]: Sch. 9 repealed (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), reg. 1, Sch. Pt. 1

[^key-8e9141be7bfaf9dd5345adf100051d07]: S. 51 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-8eba215e09b7b2253b6a4d22711aebce]: S. 52 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-2d15dc91a95041873833baf8f0d1cedf]: S. 59 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-ef417e9eb5edeef82e14eaaa1377eb69]: S. 80 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 355, Sch. 3 Pt. 1 (with Sch. 2)

[^key-dbc09ac0570e7af08a849bdc54b10271]: S. 111 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 2 (with Sch. 2)

[^key-b0be821fcde104adfdaf7c9817292c52]: S. 118 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 356, Sch. 3 Pt. 1 (with Sch. 2)

[^key-28b6742e5f64202487be9145bcf3f9e0]: S. 176(3)(a) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 357(2) (with Sch. 2)

[^key-efd2ef46980c427b3e3f59131f5f10b5]: Words in s. 176(4) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 357(3) (with Sch. 2)

[^key-5195bedb1b5816a51b04d715c0248006]: Words in s. 180 heading substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 358(3) (with Sch. 2)

[^key-c62dd033bfb0ac0158529d4940db2a06]: S. 180(1)(b) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 358(2) (with Sch. 2)

[^key-f0fd710f1d4bdb9d2ea1f0217808ae82]: S. 183(2) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-560ee61aeb4dfdf587d78d407d015f67]: S. 208(1) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-737d0a2aae2c06e7ea5cefe06342842c]: Words in s. 212 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 360 (with Sch. 2)

[^key-5e412765a719d0b4792c9be1e97ed07b]: Sch. 6 para. 8 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-8928ccb1c5490b0bb088b07bf75e949f]: Sch. 6 para. 9 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-aaade3c90c6c8e6530976014bf9f5210]: Sch. 6 para. 13 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-119afdb5f7b8e129e8c709eaf9d5c4a8]: Sch. 6 para. 15 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-73d0142b2bfc4f225f6c55202d057189]: Words in Sch. 20A para. 2(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 361(2)(a) (with Sch. 2)

[^key-2cff86683be66e5e1cfd3a14e8e335c2]: Sch. 20A para. 2(3)(4) repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 361(2)(b), Sch. 3 Pt. 1 (with Sch. 2)

[^key-7bf603a5fa1c155d22a5a7fb3cce4a48]: Words in Sch. 20A para. 5(1) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 361(3) (with Sch. 2)

[^key-35bb6af3db6483747aa5d57a42caf0a0]: Words in Sch. 20A para. 7(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 361(4) (with Sch. 2)

[^key-6a7899752608c9bed5c18c8abc5fc628]: S. 185(1A)-(1C) inserted (19.7.2007) by Finance Act 2007 (c. 11), s. 102(3) (with s. 102(5))

[^key-f106cb55b400ab0d5a4235a0217880e5]: Words in s. 185(7) substituted (19.7.2007) by Finance Act 2007 (c. 11), s. 102(4)

[^key-b4e2a1b8df3d46aea9d4b46f8513445d]: Words in s. 37(1) substituted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 15(a), 23(1)

[^key-fcf2baaef5d3c7414ab4e78a4fa51f57]: Words in s. 37(2) substituted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 15(b), 23(1)

[^key-4c89e01ec7ede89614aadefc17cfd538]: S. 91(5) repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(10)

[^key-46a6cd13ec8cc03b8e469abfe5840aaa]: S. 91(6) repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(10)

[^key-425d3b129febb6d842930a5b8dda50a8]: Sch. 14 para. 9 repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(8)

[^key-732b0aab9a9f8a3dc940aa5f50122ed6]: Words in s. 24(4) substituted (1.9.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 14(a), 23(2); S.I. 2007/2532, art. 2

[^key-520e8102c1665ae8ae72d9806ec669a1]: Words in s. 24(4)(a) repealed (1.9.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 14(b), 23(2), Sch. 27 Pt. 6(3); S.I. 2007/2532, art. 2

[^key-30983ea65fa28ef5926dcf43f518d14d]: Words in s. 24(4)(b) repealed (1.9.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 14(c), 23(2), Sch. 27 Pt. 6(3); S.I. 2007/2532, art. 2

[^key-1a502a94b53681609dc5c0ee98cf7888]: Words in s. 24(4)(c) repealed (1.9.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 14(d), 23(2), Sch. 27 Pt. 6(3); S.I. 2007/2532, art. 2

[^key-219c65b3b60f2e2c99337bb66198c485]: S. 24(4)(d) repealed (1.9.2007) by Finance Act 2007 (c. 11), Sch. 25 paras. 14(e), 23(2), Sch. 27 Pt. 6(3); S.I. 2007/2532, art. 2

[^key-e1a22d2a775f129a60e1e2ff2320a645]: Sch. 20A inserted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(6), Sch. 33 para. 1

[^key-13a7f1b587e3bcdb5239b6a8ec1f2519]: S. 185(A1) inserted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(2)

[^key-67a185c570d8f0a9d07627edf62e5ca1]: S. 185(1ZA) inserted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(4)

[^key-ad165daa45fef31f292cd53802f7d306]: Words in s. 185(1) substituted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(3)(a)

[^key-b3f1dcd8124b96aa33124602287ad9a9]: Words in s. 185(1) omitted (21.7.2008) by virtue of Finance Act 2008 (c. 9), s. 107(3)(b)

[^key-6de2136750a19abccd6864314c0c957d]: S. 185(1A)(za) inserted (21.7.2008) by Finance Act 2008 (c. 9), s. 107(5)

[^key-1d6489ed625fb75a9cfdd821fc53b946]: S. 69 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-18a4735687d470579b547cb96e88f372]: S. 108 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-9a41cfa08b6e6f77d0ae1be4cc7399bc]: S. 109(1)(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-3de3f7875b1f1ddb9870e046b9bea0d3]: S. 109(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-5762e55fed9ad18f483fde4aa9d70906]: S. 110 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-8a600a59e0e0da98794b3f15306dd578]: S. 123 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-7f756ced7698721f8c0f4711c5f1d476]: Sch. 6 para. 11 repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

[^key-b2dcb8b9f4d9809e57a62ee47f8b2dc3]: Sch. 20B: Sch. 20A renumbered as Sch. 20B (21.7.2009) by Finance Act 2009 (c. 10), Sch. 45 para. 3(1)

[^key-435e73a82bb1dd4c65840130436c5152]: S. 107(3)(a) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(e)

[^key-01ee2a6fcd747d862e1fb2df2d9424bf]: Words in s. 185(1ZA)(b) substituted (21.7.2009) by Finance Act 2009 (c. 10), Sch. 45 para. 3(2)(c)

[^key-01332d5a723c4402230fec0646ff1e0f]: Sch. 21 omitted (1.4.2010) by virtue of The Finance Act 2009, Section 96 and Schedule 48 (Appointed Day, Savings and Consequential Amendments) Order 2009 (S.I. 2009/3054), art. 1, Sch. para. 5(b)

[^key-2e48ff95be48ff3b3024488cd9ee06d5]: Ss. 92-92E repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 277, Sch. 3 Pt. 1 (with Sch. 2)

[^key-ae6d44718951b30331c91a40786a4f8b]: S. 54 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-7db5b0f4ba32e6ad8fcf33f470f7cd83]: S. 72 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 13 (with Sch. 9 paras. 1-9, 22)

[^key-c469d289ab54d87840b0699aa9379b62]: S. 77(4) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-71d2322f9554baf8f7cba680256af8a7]: S. 109(3) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-f69c6f4750dca1b7f0454e847c30d6b4]: Words in s. 178(3)(a) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 63(a); S.I. 2009/403, art. 2(2) (with art. 10)

[^key-c00a3273c58349b229a4d9e1f5cb48b3]: Words in s. 178(3)(b) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 63(b); S.I. 2009/403, art. 2(2) (with art. 10)

[^key-8c30ba0e0f8e2e57f8e1e8ee0fc09c89]: S. 187(2)-(8) omitted (1.4.2010) by virtue of The Finance Act 2009, Section 96 and Schedule 48 (Appointed Day, Savings and Consequential Amendments) Order 2009 (S.I. 2009/3054), art. 1, Sch. para. 5(a) (with art. 5)

[^key-01ac0366aa27132dd3cb69d5489d2afe]: Words in s. 193(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 278 (with Sch. 2)

[^key-e54cdb5ef95b3fb9132bada6664fa7f4]: S. 194 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 49, Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)

[^key-f2816e90c7039bb95a46abbc01c48297]: Words in s. 195(3) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 50, Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)

[^key-ece7ab98e8b5d651a2f233c168a9321c]: Sch. 6 para. 10 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 13 (with Sch. 9 paras. 1-9, 22)

[^key-e44fc4a257c98b0b41a915a2e3cc7835]: Sch. 14 para. 8(2) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-5e9b0dcea04361ed22e6125950a4b279]: Sch. 14 para. 8(3) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-590b61faf49fd8cfbdbf3f9e96709807]: Sch. 14 para. 8(5) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-77ec02779e554ed393f2324bd72ff12f]: Sch. 14 para. 11 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-6c9362e3e8ec38b17d3d706df38295b3]: Words in Sch. 20A para. 5(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 279 (with Sch. 2)

[^key-708b245308b8d598c503815e5850ffa5]: Words in s. 24(4) inserted (with application in accordance with art. 1(3) of the amending S.I.) by The Lottery Duty (Exemption) Order 2010 (S.I. 2010/2959), arts. 1(2), 2 (with art. 1(3))

[^key-2d75802ed62a53860ff600215ece59c9]: S. 205(4) repealed (30.12.2011) by Finance Act 2011 (c. 11), s. 88(8)(a)(9) (with s. 88(10)); S.I. 2011/2934, art. 2

[^key-6aa6ee568cc161474b69a398a4f22319]: S. 86(2)-(2B) substituted for s. 86(2) (17.7.2012) by Finance Act 2012 (c. 14), s. 37(2)

[^key-731717b276df90f151236e85710b9dd9]: S. 91(2) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 91

[^key-c7a13177a32adb632a5f0e2f4c116861]: S. 103(1) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(e)

[^key-131fa5a9877155c9e60047e59e145132]: S. 103(3) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(e)

[^key-bd0cf346eb25bde7961ba9b9e71b9108]: Words in Sch. 23 Pt. VI repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-e0b0c73df1a3d9c37d0f6f625d80cd89]: S. 67 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-6d06a53255f9d74d9dc08acfe820107f]: S. 79(2) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-24d23684d76db63b97d3469f30dda7b7]: S. 107(2) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-c38354025adcd1bcaf2e9d86a34790d6]: S. 182(1)(ca) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-5ee384fe7dc8345e419b092d95ea4f3d]: S. 205(3) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-db16281c4393292c745d1cc2f240bd21]: Sch. 18 para. 6 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-36a60e49989735588329f5a3b8570998]: Words in s. 184(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 3

[^key-1c5d0a45e42ddee8c6eb7ad359259dc9]: Words in s. 179B heading substituted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 3(b)

[^key-7d1f68cbebe459282eceb4be506954bc]: Sch. 20A Pt. 1A inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(2)

[^key-1a4cf23f1484324b7e701c6e08b46497]: Sch. 20A para. 9A inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(4)

[^key-eb476568fcdd8c3d0cc52b5444fa9f13]: Sch. 20A heading substituted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(7)

[^key-a747658298cf7a1dc2ef1b594915dcb6]: Words in s. 179B inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 3(a)

[^key-cfaf512c44f35d55446480415d1e6947]: Words in s. 184(1) inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 4(a)

[^key-e0776edbe606a7e15ef7dc0888293eb3]: Words in s. 184(1) inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 4(b)

[^key-9c4cd6f7044a3e9ab985560b88a7cc32]: Words in Sch. 20A para. 9(1)(a) inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(3)

[^key-12fd9faa3ce4c8b818ec9f3cdf95cd90]: Words in Sch. 20A para. 10 substituted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(5)

[^key-65490a31eddf89446879f51d497bae1f]: Sch. 20A para. 11(2A)(2B) inserted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(6)

[^key-ee705eec752ac090a7b58291976cec3a]: Sum in s. 29(7)(a) substituted for words (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 2 para. 6(2) (with reg. 5(1))

[^key-ecf410bf6f9400b1cc57f80245be8eab]: Sum in s. 31(2)(a) substituted for words (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 2 para. 6(3)(a) (with reg. 5(1))

[^key-391acc1dc62dded3fbbaf9cea31f98d1]: Sum in s. 31(4)(a) substituted for words (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 2 para. 6(3)(b) (with reg. 5(1))

[^key-ba62ec9eb420725ed4e6e057ac651b1c]: Words in Sch. 20A heading inserted (16.6.2016) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 9

[^key-68960f98ad883b590d30248caed5f26a]: Words in Sch. 20A para. 1(6) omitted (16.6.2016) by virtue of The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 3

[^key-cd820b84be26625647b2f9def4bfe186]: Sch. 20A para. 4(7A) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 4(c)

[^key-8f708a53b25220bb6212935392ac324a]: Words in Sch. 20A para. 4(6) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 4(a)

[^key-b9f2d479911c0f0fd85fe5e0a100600a]: Words in Sch. 20A para. 4(7) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 4(b)

[^key-f6aec0b9260a5f3641c99729dd80100a]: Words in Sch. 20A para. 5(1) omitted (16.6.2016) by virtue of The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 5

[^key-5096218d839ff9ffb1d6b3c986ada859]: Words in Sch. 20A para. 5A(7) omitted (16.6.2016) by virtue of The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 6

[^key-51231c93e02d4e14cfd5d11afb658284]: Sch. 20A para. 5C(7A) inserted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 7(c)

[^key-c53ae4b2314478aa8fd848d9945f97c7]: Words in Sch. 20A para. 5C(6) inserted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 7(a)

[^key-156157a4a527fea09cb01cc75fdc4ea3]: Words in Sch. 20A para. 5C(7) substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 7(b)

[^key-f456e7b448eab9646c6279dd90cebf8d]: Words in Sch. 20A para. 5D(1) omitted (16.6.2016) by virtue of The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 8

[^key-45ace1122e1121827a086990b5f67db8]: S. 171(2B) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 55

[^key-be3b9660a6308b43e5ac3d42039f9446]: Sch. 20B paras. 2-7 and cross-headings substituted for Sch. 20B paras. 2-12 (retrospective to 23.11.2016) by Finance (No. 2) Act 2017 (c. 32), s. 44(1)(4)

[^key-e532ee4c8b3f4ea3d1e15646be4a88a7]: S. 185(2A) inserted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 22(4) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-11f5b0b6588f50adda9b0b97a6544aaa]: Words in s. 185(1C)(a) substituted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 22(2) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-de864c3064cd79d5d22858383bb4ef41]: Words in s. 185(1C)(b) substituted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 22(2) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-f5edb78fb73b6df8d3f2b4017ea9d57e]: Words in s. 185(2)(b) substituted (1.10.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 6 para. 22(3) (with Sch. 7 paras. 1, 6); S.I. 2017/1179, reg. 4(b)

[^key-0f9a6e76b09bcd066d81bc1bd60bec65]: S. 185(2A)(za) inserted (1.10.2018 immediately after 2017 c. 4, Sch. 6 Pt. 2 comes into force) by The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79), regs. 1(3), 10

[^key-36b290a7a28c4b405947409e357d99fb]: Sch. 6 para. 10 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

[^key-fe6c5b718a2bbf5df855c4cb4512daab]: Words in Act substituted (22.4.2011) by The Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043), arts. 2, 3, 6 (with art. 3(2)(3), 4(2), 6(4)(5))

[^key-cd74190770889a33b68c3c321619d941]: Word in s. 31(2)(b) substituted (22.2.2024) by Finance Act 2024 (c. 3), s. 32(1) (with s. 32(6))

The basic rule: sterling to be used

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Earnings cap etc: no indexation in 1993-94.

Interpretation and commencement.

Reduction of rates of PRT and interest repayments for taxable oil fields.

Expenditure involving crime.

Returns and information.

Time when expenditure is incurred.

Exploration and appraisal expenditure.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Calculation of consideration.

Calculation of consideration.

Corporation tax.

Residence: available accommodation.

Expenditure involving crime.

Modifications where loss carried forward.

Corporation tax.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Taxation of profits and allowance of losses.

Reduction of rates of PRT and interest repayments for taxable oil fields.

Returns and information.

Exploration and appraisal expenditure.

Tariff receipts etc.

Fall in value relief: qualifying investments.

Corporation tax.

The following is the Schedule to be inserted after Schedule 7 to the Taxation of Chargeable Gains Act 1992.

The following Schedule shall be inserted after Schedule 8 to the Finance Act 1989—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

These repeals have effect in accordance with section 4 of this Act

Year of assessment in which profits or losses arise.

Consequential amendments.

Consequential amendments.

Tariff receipts etc.

Fall in value relief: qualifying investments.

Stamp duty.

Waste disposal expenditure.

Fall in value relief: qualifying investments.

Rent to mortgage: England and Wales.

Pay and file: miscellaneous amendments.

Expenditure involving crime.

Interpretation and commencement.

Reduction of rates of PRT and interest repayments for taxable oil fields.

Exploration and appraisal expenditure.

Exploration and appraisal expenditure.

Transitional relief for certain exploration and appraisal expenditure.

Time when expenditure is incurred.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Double taxation relief in relation to petroleum revenue tax.

Fall in value relief: qualifying investments.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Residence: available accommodation.

Residence: available accommodation.

The following is the Schedule to be inserted after Schedule 7 to the Taxation of Chargeable Gains Act 1992.

The following Schedule shall be inserted after Schedule 8 to the Finance Act 1989—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

These repeals have effect in accordance with section 4 of this Act

Offences by bodies corporate.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Non-trading gains and losses: relief.

Modification of Finance Act 1989.

Interpretation and commencement.

Taxation of profits and allowance of losses.

Interaction with ICTA.

Double taxation relief in relation to petroleum revenue tax.

Earnings cap etc: no indexation in 1993-94.

Residence: available accommodation.

Corporation tax.

Employers’ pension contributions.

Interpretation and commencement.

Reduction of rates of PRT and interest repayments for taxable oil fields.

Returns and information.

Transitional relief for certain exploration and appraisal expenditure.

Time when expenditure is incurred.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fall in value relief: qualifying investments.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Corporation tax.

The following is the Schedule to be inserted after Schedule 7 to the Taxation of Chargeable Gains Act 1992.

The following Schedule shall be inserted after Schedule 8 to the Finance Act 1989—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

These repeals have effect in accordance with section 4 of this Act

Disapplication of pool betting duty.

Taxation of profits and allowance of losses.

Consequential amendments.

Year of assessment in which profits or losses arise.

92A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

92B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

92C

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

92D

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

92E

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Taxation of profits and allowance of losses.

Transitional relief for certain exploration and appraisal expenditure.

Tariff receipts etc.

Double taxation relief in relation to petroleum revenue tax.

Year of assessment in which profits or losses arise.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fall in value relief: qualifying investments.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

179B

Schedule 20A to this Act (which makes provision for certain reliefs to be available where a member converts to limited liability underwriting or a Lloyd’s partnership converts to underwriting through a company) shall have effect.

Residence: available accommodation.

Interpretation of Part III and consequential amendments of assessments etc.

Corporation tax.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Time when expenditure is incurred.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Corporation tax.

Residence: available accommodation.

The following is the Schedule to be inserted after Schedule 7 to the Taxation of Chargeable Gains Act 1992.

The following Schedule shall be inserted after Schedule 8 to the Finance Act 1989—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 20A

Part 1 — Conversion to underwriting through successor companies

Introduction

1

• (1) This Part of this Schedule applies if the following conditions are satisfied.

• (2) Condition 1 is that—

• (a) a member gives notice of his resignation from membership of Lloyd’s in accordance with the rules or practice of Lloyd's,

• (b) in accordance with such rules or practice, the member does not undertake any new insurance business at Lloyd’s after the end of the member’s last underwriting year, and

• (c) the member does not withdraw that notice.

• (3) Condition 2 is that all of the member’s outstanding syndicate capacity is disposed of by the member under a conversion arrangement to a successor company (“the syndicate capacity disposal”) with effect from the beginning of the underwriting year next following the member’s last underwriting year.

• (4) Condition 3 is that, immediately before the syndicate capacity disposal,—

• (a) the member controls the successor company, and

• (b) more than 50% of the ordinary share capital of the successor company is beneficially owned by the member.

• (5) Condition 4 is that the syndicate capacity disposal is made in consideration solely of the issue to the member of shares in the successor company.

• (6) Condition 5 is that the successor company starts to carry on its underwriting business in the underwriting year ... next following the member’s last underwriting year.

• (7) In this paragraph “the member’s last underwriting year”, in relation to a member who gives notice of his resignation from membership of Lloyd's, means the underwriting year during which, or at the end of which, he ceases to be an underwriting member and becomes a non-underwriting member in accordance with the rules or practice of Lloyd's.

• (8) In this paragraph “outstanding syndicate capacity”, in relation to a member, means the syndicate capacity of the member other than any which—

• (a) the member disposes of to a person other than a successor member at or before the end of the member’s last underwriting year, or

• (b) ceases to exist with effect from the end of that year.

Income tax: carry forward of loss relief following conversion

2

• (1) This paragraph applies if—

• (a) the member’s total income for a year of assessment includes any income derived by the member from the successor company (whether by way of dividends on the shares issued to the member or otherwise), and

• (b) throughout the period beginning with the time of the syndicate capacity disposal and ending with the end of that year of assessment,—

• (i) the member controls the successor company, and

• (ii) more than 50% of the ordinary share capital of the successor company is beneficially owned by the member.