LegalizeReform history
Finance Act 1999
44 versions
· 1999-07-27
2025-03-19
Finance Act 1999
2025-01-17
Finance Act 1999
2024-02-22
Finance Act 1999
2021-08-01
Finance Act 1999
2020-12-31
Finance Act 1999
2020-01-18
Finance Act 1999
2019-04-22
Finance Act 1999
2014-07-17
Finance Act 1999
2013-06-28
Finance Act 1999
2013-01-31
Finance Act 1999
2012-07-17
Finance Act 1999
2012-03-14
Finance Act 1999
2011-07-19
Finance Act 1999
2011-04-22
Finance Act 1999
2010-07-27
Finance Act 1999
2010-04-06
Finance Act 1999
2010-04-01
Finance Act 1999
2009-10-01
Finance Act 1999
2009-07-21
Finance Act 1999
Changes on 2009-07-21
@@ -14,7 +14,7 @@
### Hydrocarbon oil duties
#### Meaning of “business”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
@@ -260,7 +260,7 @@
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) The provisions of that Act (including, in particular, section 97 and paragraph 6(2) to (4) of Schedule 11) shall apply in relation to regulations under subsection (5) above, and to records kept in pursuance of such regulations, as they apply in relation to regulations under paragraph 6(1) of Schedule 11 to that Act and to records kept in pursuance of that paragraph.
- (6) The provisions of that Act (including, in particular, section 97 and paragraph 6(2) to (4) of Schedule 11) shall apply in relation to regulations under subsection (5) above , and to records kept in pursuance of such regulations, as they apply in relation to regulations under paragraph 6(1) of Schedule 11 to that Act and to records kept in pursuance of that paragraph .
- (7) In this section “*the Commissioners*” means the Commissioners of Customs and Excise.
@@ -394,9 +394,7 @@
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) In section 257C (indexation of allowances), after subsection (1) there shall be inserted—
> (2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under section 203 during the period beginning with 6th April and ending with 17th May in the year of assessment.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This section has effect for the year 1999-00 and subsequent years of assessment.
@@ -444,70 +442,13 @@
##### 31
- (1) Section 257A of the Taxes Act 1988 (income tax reduction for married couples) shall be amended as follows.
- (2) Subsection (1) (reduction where neither spouse is aged 65 or over) shall cease to have effect.
- (3) In subsection (2) (reduction where either spouse is aged 65 or over)—
- (a) for “is at any time within that year of the age of 65 or upwards” there shall be substituted “ was born before 6th April 1935 ”;
- (b) the words from “(instead of” to the end shall be omitted.
- (4) In subsection (3) (reduction where either spouse is aged 75 or over)—
- (a) after “either of them” there shall be inserted “ (a) ”;
- (b) after “75 or upwards,” there shall be inserted
> and
> (b) was born before 6th April 1935,
;
- (c) the words “(1) or” shall be omitted.
- (5) In subsection (4) (rule where person dies in year of assessment)—
- (a) for “subsections (2) and (3)” there shall be substituted “ subsection (3) ”;
- (b) for “a specified age” there shall be substituted “ the age of 75 ”.
- (6) In subsection (5) (tapering of reduction where claimant’s total income exceeds specified amount), the words from “(but not” to the end shall be omitted.
- (7) After that subsection there shall be inserted the following subsection—
> (5A) The amounts specified in subsections (2) and (3) above shall not by virtue of subsection (5) above be treated as reduced below £1,970.
- (8) In subsection (6) (rule where claimant marries in year of assessment, etc.), for “subsections (1) to (3)” there shall be substituted “ subsections (2) and (3) ”.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) Subsections (2) to (5) and (8) above have effect for the year 2000-01 and subsequent years of assessment.
- (11) Subject to section 32(5) below, subsections (6) and (7) above have effect for the year 1999-00 and subsequent years of assessment.
- (12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further provision about married couple’s allowance
##### 32
- (1) In section 257BA of the Taxes Act 1988 (elections as to transfer of relief under section 257A)—
- (a) in subsections (1)(a), (2)(a), (3)(a) and (6), for “section 257A(1)” there shall be substituted “ section 257A(5A) ”;
- (b) in subsection (2), the words from “(to nil” to the end shall be omitted;
- (c) in subsection (9), for “deduction” there shall be substituted “ income tax reduction ”.
- (2) Sections 257D to 257F of that Act (transitional relief in connection with married couple’s allowance) shall cease to have effect.
- (3) Subsection (1)(a) and (c) above has effect for the year 1999-00 and subsequent years of assessment.
- (4) Subsections (1)(b) and (2) above have effect for the year 2000-01 and subsequent years of assessment.
- (5) Section 257C of the Taxes Act 1988 (indexation) shall apply in relation to subsection (5A) of section 257A of that Act, but only for the year 2000-01 and subsequent years of assessment.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Abolition of existing relief in respect of children
@@ -1507,14 +1448,7 @@
##### 88
- (1) In Schedule 25 to the Taxes Act 1988 (cases where section 747(3) does not apply), after sub-paragraph (1A) of paragraph 2 (acceptable distribution policy) there shall be inserted the following sub-paragraph—
> (1B) A dividend paid by a company shall not fall within sub-paragraph (1)(d) above if, and to the extent that, the profits which are the relevant profits in relation to the dividend derive from dividends or other distributions paid to the company at any time which are dividends or other distributions—
> (a) to which section 208 applied; or
> (b) to which that section would have applied if the company had been resident in the United Kingdom at that time.
> Subsections (3) and (4) of section 799 (double taxation relief: computation of underlying tax) apply for the purposes of this sub-paragraph as they apply for the purposes of subsection (1) of that section.
- (2) Subsection (1) above applies for the purpose of determining whether dividends paid on or after 9th March 1999 for accounting periods ending on or after that date fall within sub-paragraph (1)(d) of paragraph 2 of that Schedule.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Management and enforcement
@@ -5797,9 +5731,9 @@
#### Increased rebate on higher octane unleaded petrol.
#### Rates of tobacco products duty.
#### The general rate of vehicle excise duty.
#### Drawback of duty on exportation.
#### Rates of gaming duty.
#### Rates of duty for goods vehicles.
@@ -5807,19 +5741,19 @@
#### Assignment of debts.
#### Penalties for incorrect certificates.
#### Groups of companies.
#### Groups of companies.
#### Meaning of “business”.
#### Repayments attracting repayment supplement.
#### Corporation tax starting rate.
#### Repayments attracting repayment supplement.
#### Children’s tax credit.
#### Restriction of MCA to those reaching 65 before 2000-01.
#### Treatment of transfer fees under existing contracts.
#### Group relief: consequences of reduction in surrenderable amount.
#### Release or writing off of debt: interest on tax overpaid.
@@ -6413,10 +6347,6 @@
[^key-d848eeefa53e88cd4bd52bcf925c6a83]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1)
[^key-87648aeec48b916d6b0c77b8f6435df3]: S. 31(9) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1)
[^key-8cc1323d7349a9d7add268ee540e804d]: S. 31(12) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1)
[^key-46e5b1908ea6e88ed2d4e805d89b8e86]: Ss. 42-45 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-1394ce4a78b4082e3f0a7df640daab09]: Ss. 48-51 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
@@ -6643,6 +6573,14 @@
[^key-77ae922bdc40973a5b3d9f9fe3169f2c]: [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/17/paragraph/9/3) 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. 280](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/280)
[^key-4480ca6b54ec9f2e8db6f7ddb69ba4f0]: S. 25(3) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 1 para. 6(j)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/1/paragraph/6/j)
[^key-e753b48b6d6bcbdb47585577542b2862]: S. 31 omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 1 para. 6(j)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/1/paragraph/6/j)
[^key-30a2e208d4e867ea0cc207e112983fa7]: S. 32 omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 1 para. 6(j)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/1/paragraph/6/j)
[^key-1e5dea26aeb045fe5f54e28f571aa517]: S. 88 omitted (with effect in accordance with Sch. 16 para. 6 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 5(e)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/5/e) (with [Sch. 16 paras. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/7)[8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/8))
[^M_F_ef11b75b-7e05-49e6-8445-ffd99c8d5b2b]: Sch. 13 para. 1(3A) inserted (with effect in accordance with s. 98(5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), s. 98(3)
[^M_F_e86a76b3-cc7e-4abc-8006-5c1d8e92879c]: Word in Sch. 13 para. 1(3) substituted (with effect in accordance with s. 98(5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), s. 98(2)
@@ -6657,262 +6595,288 @@
#### Deferred gains: application of taper relief.
#### Power to make regulations with respect to administration, etc.
#### Rate of insurance premium tax.
#### Interest on unpaid customs debts.
#### Deferred gains: application of taper relief.
#### Advance corporation tax: consequences of abolition.
#### Deferred gains: gain accruing on part disposal, etc.
#### Lending by Revenue Accounts to National Loans Fund.
#### Advance corporation tax: consequences of abolition.
#### Company tax returns, etc.
#### Group relief: consequences of reduction in surrenderable amount.
#### Penalties.
#### Rate of insurance premium tax.
#### Bearer instruments.
#### Rate of insurance premium tax.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
After Schedule 5B to the Taxation of Chargeable Gains Act 1992 (EIS re-investment) insert—
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Further provision about married couple’s allowance.
#### Abolition of existing relief in respect of children.
#### Employees seconded to educational establishments.
#### Further provision about married couple’s allowance.
#### Employees seconded to educational establishments.
#### Advance corporation tax: consequences of abolition.
#### Pipe-line elections.
#### Relief on distributions.
#### Release or writing off of debt: interest on tax overpaid.
#### Group relief: consequences of reduction in surrenderable amount.
#### Advance corporation tax: consequences of abolition.
#### Interest and penalties on late stamping.
#### Power to make regulations with respect to administration, etc.
#### Lending by Revenue Accounts to National Loans Fund.
#### Lending by Revenue Accounts to National Loans Fund.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
#### Goods for sale on board ships or aircraft.
#### Works of art, antiques, etc.
#### Preparations etc. of meat, yeast or egg.
#### Personal allowances for 1999-00 for those aged 65 or more.
#### Aggregation of money gifts for relief in poor countries.
#### Further provision about married couple’s allowance.
#### Sale and lease-back: ring fence profits.
#### Power to exempt UK depositary interests in foreign securities.
#### Sale and lease-back: ring fence profits.
#### PRT returns.
#### Power to make regulations with respect to administration, etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
#### Further provision about married couple’s allowance.
#### Abolition of existing relief in respect of children.
#### Maintenance payments.
#### Interest and penalties on late stamping.
#### Employees seconded to educational establishments.
#### General amendment of charging provisions.
#### Treatment of transfer fees under existing contracts.
#### Deferred gains: gain accruing on part disposal, etc.
#### Relief on distributions.
#### Deferred gains: application of taper relief.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
In section 4—
Section 69(5).
#### Corporation tax starting rate.
#### Abolition of widow’s bereavement allowance.
#### Release or writing off of debt: interest on tax overpaid.
#### Company restructuring and convertible securities.
#### Release or writing off of debt: interest on tax overpaid.
#### Release or writing off of debt: interest on tax overpaid.
#### Business assets: roll-over relief.
#### PRT returns.
#### Gifts.
#### Power to make regulations with respect to administration, etc.
#### Rate of insurance premium tax.
#### Lending by Revenue Accounts to National Loans Fund.
#### Interest on repayments.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
After Schedule 5B to the Taxation of Chargeable Gains Act 1992 (EIS re-investment) insert—
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Court common investment funds.
#### Penalties.
#### Stamp duty and stamp duty reserve tax: unit trusts.
#### Interest on repayments.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Substitute instruments
##### 12A
- (1) Stamp duty is not chargeable on a substitute instrument.
- (2) A substitute instrument is a bearer instrument given in substitution for a like instrument stamped *ad valorem* (whether under this Schedule or otherwise) (“the original instrument”).
- (3) The substitute instrument shall not be treated as duly stamped unless it appears by some stamp impressed on it that the full and proper duty has been paid on the original instrument.
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Company tax returns, etc.
#### Power to exempt UK depositary interests in foreign securities.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11A
- (1) This paragraph applies in a case where—
- (a) notice of appeal may be given to HMRC, but
- (b) no notice is given before the relevant time limit.
- (2) Notice may be given after the relevant time limit if—
- (a) HMRC agree, or
- (b) where HMRC do not agree, the tribunal gives permission.
- (3) If the following conditions are met, HMRC shall agree to notice being given after the relevant time limit.
- (4) Condition A is that the appellant has made a request in writing to HMRC to agree to the notice being given.
- (5) Condition B is that HMRC are satisfied that there was reasonable excuse for not giving the notice before the relevant time limit.
- (6) Condition C is that HMRC are satisfied that the request under sub-paragraph (4) was made without unreasonable delay after the reasonable excuse ceased.
- (7) If a request of the kind referred to in sub-paragraph (4) is made, HMRC must notify the appellant whether or not HMRC agree to the appellant giving notice of appeal after the relevant time limit.
- (8) In this paragraph “relevant time limit”, in relation to notice of appeal, means the time before which the notice is to be given (but for this paragraph).
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
#### Provision and support of bus services.
#### Advance corporation tax: consequences of abolition.
#### Deferred gains: gain accruing on part disposal, etc.
#### Release or writing off of debt: interest on tax overpaid.
#### Advance corporation tax: consequences of abolition.
#### Company tax returns, etc.
#### Group relief: consequences of reduction in surrenderable amount.
#### Sale and lease-back: ring fence profits.
#### PRT returns.
#### Business assets: roll-over relief.
#### Penalties.
#### Rate of insurance premium tax.
#### Bearer instruments.
#### Rate of insurance premium tax.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
After Schedule 5B to the Taxation of Chargeable Gains Act 1992 (EIS re-investment) insert—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Further provision about married couple’s allowance.
#### Abolition of existing relief in respect of children.
#### Rate and fraction for corporation tax starting rate.
#### Further provision about married couple’s allowance.
#### Employees seconded to educational establishments.
#### Advance corporation tax: consequences of abolition.
#### Pipe-line elections.
#### Relief on distributions.
#### Release or writing off of debt: interest on tax overpaid.
#### Group relief: consequences of reduction in surrenderable amount.
#### Advance corporation tax: consequences of abolition.
#### Interest and penalties on late stamping.
#### Power to make regulations with respect to administration, etc.
#### Lending by Revenue Accounts to National Loans Fund.
#### Lending by Revenue Accounts to National Loans Fund.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
#### Rates of duty for goods vehicles.
#### Works of art, antiques, etc.
#### Gold.
#### Personal allowances for 1999-00 for those aged 65 or more.
#### Conditional acquisition of shares.
#### Further provision about married couple’s allowance.
#### Sale and lease-back: ring fence profits.
#### Court common investment funds.
#### Sale and lease-back: ring fence profits.
#### PRT returns.
#### Power to make regulations with respect to administration, etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
#### Further provision about married couple’s allowance.
#### Abolition of existing relief in respect of children.
#### Maintenance payments.
#### Aggregation of money gifts for relief in poor countries.
#### Employees seconded to educational establishments.
#### Expenditure on film production and acquisition.
#### Treatment of transfer fees under existing contracts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
A “*sale and lease-back arrangement*” means any such arrangement as is described in section 779(1) or (2) or section 780(1) of the Taxes Act 1988.
In section 4—
Section 69(5).
#### Corporation tax starting rate.
#### Abolition of widow’s bereavement allowance.
#### Provision of motor cycle or cycle parking facilities.
#### Company restructuring and convertible securities.
#### Release or writing off of debt: interest on tax overpaid.
#### Release or writing off of debt: interest on tax overpaid.
#### Business assets: roll-over relief.
#### PRT returns.
#### Gifts.
#### Power to make regulations with respect to administration, etc.
#### Rate of insurance premium tax.
#### Lending by Revenue Accounts to National Loans Fund.
#### Interest on repayments.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
After Schedule 5B to the Taxation of Chargeable Gains Act 1992 (EIS re-investment) insert—
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Provision and support of bus services.
#### Penalties.
#### Stamp duty and stamp duty reserve tax: unit trusts.
#### Interest on repayments.
#### Definition of Government Stock.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Substitute instruments
##### 12A
- (1) Stamp duty is not chargeable on a substitute instrument.
- (2) A substitute instrument is a bearer instrument given in substitution for a like instrument stamped *ad valorem* (whether under this Schedule or otherwise) (“the original instrument”).
- (3) The substitute instrument shall not be treated as duly stamped unless it appears by some stamp impressed on it that the full and proper duty has been paid on the original instrument.
#### Exclusion of charge in case of individual pension accounts
In section 257A—
Section 1.
#### Company tax returns, etc.
#### Power to exempt UK depositary interests in foreign securities.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and in the closing words for “Funds” (twice) substitute “ funds ”.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11A
- (1) This paragraph applies in a case where—
- (a) notice of appeal may be given to HMRC, but
- (b) no notice is given before the relevant time limit.
- (2) Notice may be given after the relevant time limit if—
- (a) HMRC agree, or
- (b) where HMRC do not agree, the tribunal gives permission.
- (3) If the following conditions are met, HMRC shall agree to notice being given after the relevant time limit.
- (4) Condition A is that the appellant has made a request in writing to HMRC to agree to the notice being given.
- (5) Condition B is that HMRC are satisfied that there was reasonable excuse for not giving the notice before the relevant time limit.
- (6) Condition C is that HMRC are satisfied that the request under sub-paragraph (4) was made without unreasonable delay after the reasonable excuse ceased.
- (7) If a request of the kind referred to in sub-paragraph (4) is made, HMRC must notify the appellant whether or not HMRC agree to the appellant giving notice of appeal after the relevant time limit.
- (8) In this paragraph “relevant time limit”, in relation to notice of appeal, means the time before which the notice is to be given (but for this paragraph).
#### Exclusion of charge in case of individual pension accounts
In section 4—
Section 69(5).
2009-04-01
Finance Act 1999
2009-01-01
Finance Act 1999
2008-07-21
Finance Act 1999
2007-07-19
Finance Act 1999
2007-04-06
Finance Act 1999
2006-07-19
Finance Act 1999
2006-04-06
Finance Act 1999
2005-08-12
Finance Act 1999
2005-07-20
Finance Act 1999
2005-04-18
Finance Act 1999
2005-04-07
Finance Act 1999
2005-04-06
Finance Act 1999
2005-02-11
Finance Act 1999
2004-11-28
Finance Act 1999
2004-09-28
Finance Act 1999
2004-07-22
Finance Act 1999
2004-04-01
Finance Act 1999
2003-12-29
Finance Act 1999
2003-12-01
Finance Act 1999
2003-07-25
Finance Act 1999
2003-07-10
Finance Act 1999
2003-04-06
Finance Act 1999
2002-07-24
Finance Act 1999
2002-04-23
Finance Act 1999
1999-07-27
Finance Act 1999
original version
Text at this date