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Finance Act 2007

Type Public General Act

Publication 2007-07-19

Last updated 2025-04-24

State In force

Department Statute Law Database

Source legislation.gov.uk

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(1) The final entry in the Table in paragraph 1 excludes a document in respect of which a penalty is payable under section 98 of TMA 1970 (special returns).

(2) The amount of a penalty for which P is liable under paragraph 1 or 2 in respect of a document relating to a tax period shall be reduced by the amount of any other penalty incurred by P, or any surcharge for late payment of tax imposed on P, if the amount of the penalty or surcharge is determined by reference to the same tax liability.

(2A) In sub-paragraph (2) “any other penalty” does not include a penalty under Part 4 of FA 2014 (penalty where corrective action not taken after follower notice etc) or Schedule 22 to FA 2016 (asset-based penalty).

(3) In the application of section 97A of TMA 1970 (multiple penalties) no account shall be taken of a penalty under paragraph 1 or 2.

(4) Where penalties are imposed under paragraphs 1 and 1A in respect of the same inaccuracy, the aggregate of the amounts of the penalties must not exceed the relevant percentage of the potential lost revenue.

(5) The relevant percentage is—

(a) if the penalty imposed under paragraph 1 is for an inaccuracy in category 1, 100%,

(b) if the penalty imposed under paragraph 1 is for an inaccuracy in category 2, 150%, and

Part 3 — Procedure

Assessment

13

(1) Where a person becomes liable for a penalty under paragraph 1, 1A or 2 HMRC shall—

(a) assess the penalty,

(b) notify the person, and

(1ZA) Sub-paragraph (1ZB) applies where—

(a) a person is at any time liable for two or more penalties relating to PAYE returns, or for two or more penalties relating to CIS returns, or for two or more penalties relating to apprenticeship levy returns, and

(b) the penalties (“the relevant penalties”) are assessed in respect of more than one tax period (“the relevant tax periods”).

(1ZB) A notice under sub-paragraph (1) in respect of any of the relevant penalties may, instead of stating the tax period in respect of which the penalty is assessed, state the tax year or the part of a tax year to which the penalty relates.

(1ZC) For that purpose, a relevant penalty relates to the tax year or the part of a tax year in which the relevant tax periods fall.

(1ZD) For the purposes of sub-paragraph (1ZA)—

“a PAYE return” means a return for the purposes of PAYE regulations;

“a CIS return” means a return for the purposes of regulations under section 70(1)(a) of FA 2004 in connection with deductions on account of tax under the Construction Industry Scheme.

“an apprenticeship levy return” means a return under regulations under section 105 of FA 2016;

(1A) A penalty under paragraph 1, 1A or 2 must be paid before the end of the period of 30 days beginning with the day on which notification of the penalty is issued.

(2) An assessment—

(a) shall be treated for procedural purposes in the same way as an assessment to tax (except in respect of a matter expressly provided for by this Act),

(b) may be enforced as if it were an assessment to tax, and

(3) An assessment of a penalty under paragraph 1 or 1A must be made before the end of the period of 12 months beginning with—

(a) the end of the appeal period for the decision correcting the inaccuracy, or

(b) if there is no assessment to the tax concerned within paragraph (a), the date on which the inaccuracy is corrected.

(4) An assessment of a penalty under paragraph 2 must be made before the end of the period of 12 months beginning with—

(a) the end of the appeal period for the assessment of tax which corrected the understatement, or

(b) if there is no assessment within paragraph (a), the date on which the understatement is corrected.

(5) For the purpose of sub-paragraphs (3) and (4) a reference to an appeal period is a reference to the period during which—

(a) an appeal could be brought, or

(b) an appeal that has been brought has not been determined or withdrawn.

(6) Subject to sub-paragraphs (3) and (4), a supplementary assessment may be made in respect of a penalty if an earlier assessment operated by reference to an underestimate of potential lost revenue.

(7) In this Part of this Schedule references to an assessment to tax, in relation to inheritance tax and stamp duty reserve tax, are to a determination.

Suspension

14

(1) HMRC may suspend all or part of a penalty for a careless inaccuracy under paragraph 1 by notice in writing to P.

(2) A notice must specify—

(a) what part of the penalty is to be suspended,

(b) a period of suspension not exceeding two years, and

(3) HMRC may suspend all or part of a penalty only if compliance with a condition of suspension would help P to avoid becoming liable to further penalties under paragraph 1 for careless inaccuracy.

(4) A condition of suspension may specify—

(a) action to be taken, and

(b) a period within which it must be taken.

(5) On the expiry of the period of suspension—

(a) if P satisfies HMRC that the conditions of suspension have been complied with, the suspended penalty or part is cancelled, and

(b) otherwise, the suspended penalty or part becomes payable.

(6) If, during the period of suspension of all or part of a penalty under paragraph 1, P becomes liable for another penalty under that paragraph, the suspended penalty or part becomes payable.

Appeal

15

(1) A person may appeal against a decision of HMRC that a penalty is payable by the person.

(2) A person may appeal against a decision of HMRC as to the amount of a penalty payable by the person.

(3) A person may appeal against a decision of HMRC not to suspend a penalty payable by the person.

(4) A person may appeal against a decision of HMRC setting conditions of suspension of a penalty payable by the person.

16

(1) An appeal under this Part of this Schedule shall be treated in the same way as an appeal against an assessment to the tax concerned (including by the application of any provision about bringing the appeal by notice to HMRC, about HMRC review of the decision or about determination of the appeal by the First-tier Tribunal or Upper Tribunal).

(2) Sub-paragraph (1) does not apply—

(a) so as to require P to pay a penalty before an appeal against the assessment of the penalty is determined, or

(b) in respect of any other matter expressly provided for by this Act.

17

(1) On an appeal under paragraph 15(1) the ... tribunal may affirm or cancel HMRC's decision.

(2) On an appeal under paragraph 15(2) the ... tribunal may—

(a) affirm HMRC's decision, or

(b) substitute for HMRC's decision another decision that HMRC had power to make.

(3) If the ... tribunal substitutes its decision for HMRC's, the ... tribunal may rely on paragraph 11—

(a) to the same extent as HMRC (which may mean applying the same percentage reduction as HMRC to a different starting point), or

(b) to a different extent, but only if the ... tribunal thinks that HMRC's decision in respect of the application of paragraph 11 was flawed.

(4) On an appeal under paragraph 15(3)—

(a) the ... tribunal may order HMRC to suspend the penalty only if it thinks that HMRC's decision not to suspend was flawed, and

(b) if the ... tribunal orders HMRC to suspend the penalty—

(i) P may appeal ... against a provision of the notice of suspension, and

(ii) the ... tribunal may order HMRC to amend the notice.

(5) On an appeal under paragraph 15(4) the ... tribunal—

(a) may affirm the conditions of suspension, or

(b) may vary the conditions of suspension, but only if the ... tribunal thinks that HMRC's decision in respect of the conditions was flawed.

(5A) In this paragraph “tribunal” means the First-tier Tribunal or Upper Tribunal (as appropriate by virtue of paragraph 16(1)).

(6) In sub-paragraphs (3)(b), (4)(a) and (5)(b) “flawed” means flawed when considered in the light of the principles applicable in proceedings for judicial review.

(7) Paragraph 14 (see in particular paragraph 14(3)) is subject to the possibility of an order under this paragraph.

Part 4 — Miscellaneous

Agency

18

(1) P is liable under paragraph 1(1)(a) where a document which contains a careless inaccuracy (within the meaning of paragraph 3) is given to HMRC on P's behalf.

(2) In paragraph 2(1)(b) and (2)(a) a reference to P includes a reference to a person who acts on P's behalf in relation to tax.

(3) Despite sub-paragraphs (1) and (2), P is not liable to a penalty under paragraph 1 or 2 in respect of anything done or omitted by P's agent where P satisfies HMRC that P took reasonable care to avoid inaccuracy (in relation to paragraph 1) or unreasonable failure (in relation to paragraph 2).

(4) In paragraph 3(1)(a) (whether in its application to a document given by P or, by virtue of sub-paragraph (1) above, in its application to a document given on P's behalf) a reference to P includes a reference to a person who acts on P's behalf in relation to tax.

(5) In paragraph 3(2) a reference to P includes a reference to a person who acts on P's behalf in relation to tax.

(6) Paragraphs 3A and 3C apply where a document is given to HMRC on behalf of P as they apply where a document is given to HMRC by P (and in paragraph 3B(9) the reference to P includes a person acting on behalf of P).

Companies: officers' liability

19

(1) Where a penalty under paragraph 1 is payable by a company for a deliberate inaccuracy which was attributable to an officer of the company, the officer is liable to pay such portion of the penalty (which may be 100%) as HMRC may specify by written notice to the officer.

(2) Sub-paragraph (1) does not allow HMRC to recover more than 100% of a penalty.

(3) In the application of sub-paragraph (1) to a body corporate other than a limited liability partnership “officer” means—

(a) a director (including a shadow director within the meaning of section 251 of the Companies Act 2006 (c. 46)), ...

(aa) a manager, and

(b) a secretary.

(3A) In the application of sub-paragraph (1) to a limited liability partnership, “officer” means a member.

(4) In the application of sub-paragraph (1) in any other case “officer” means—

(a) a director,

(b) a manager,

(d) any other person managing or purporting to manage any of the company's affairs.

(5) Where HMRC have specified a portion of a penalty in a notice given to an officer under sub-paragraph (1)—

(a) paragraph 11 applies to the specified portion as to a penalty,

(b) the officer must pay the specified portion before the end of the period of 30 days beginning with the day on which the notice is given,

(d) a further notice may be given in respect of a portion of any additional amount assessed in a supplementary assessment in respect of the penalty under paragraph 13(6),

(e) paragraphs 15(1) and (2), 16 and 17(1) to (3) and (6) apply as if HMRC had decided that a penalty of the amount of the specified portion is payable by the officer, and

(f) paragraph 21 applies as if the officer were liable to a penalty.

(6) In this paragraph “company” means any body corporate or unincorporated association, but does not include a partnership, a local authority or a local authority association.

Partnerships

20

(1) This paragraph applies where P is liable to a penalty under paragraph 1 for an inaccuracy in or in connection with a partnership return.

(2) Where the inaccuracy affects the amount of tax due or payable by a partner of P, the partner is also liable to a penalty (“a partner's penalty”).

(3) Paragraphs 4 to 13 and 19 shall apply in relation to a partner's penalty (for which purpose a reference to P shall be taken as a reference to the partner).

(4) Potential lost revenue shall be calculated separately for the purpose of P's penalty and any partner's penalty, by reference to the proportions of any tax liability that would be borne by each partner.

(5) Paragraph 14 shall apply jointly to P's penalty and any partner's penalties.

(6) P may bring an appeal under paragraph 15 in respect of a partner's penalty (in addition to any appeal that P may bring in connection with the penalty for which P is liable).

Double jeopardy

21

A person is not liable to a penalty under paragraph 1 , 1A or 2 in respect of an inaccuracy or failure in respect of which the person has been convicted of an offence.

Part 5 — General

Interpretation

22

Paragraphs 23 to 27 apply for the construction of this Schedule.

23

HMRC means Her Majesty's Revenue and Customs.

24

An expression used in relation to income tax has the same meaning as in the Income Tax Acts.

25

An expression used in relation to corporation tax has the same meaning as in the Corporation Tax Acts.

26

An expression used in relation to capital gains tax has the same meaning as in the enactments relating to that tax.

27

An expression used in relation to VAT has the same meaning as in VATA 1994.

28

In this Schedule—

(a) a reference to corporation tax includes a reference to tax or duty which by virtue of an enactment is assessable or chargeable as if it were corporation tax,

(b) a reference to tax includes a reference to construction industry deductions under Chapter 3 of Part 3 of FA 2004,

(i) income tax,

(ii) capital gains tax, ...

(iii) corporation tax, and

(iv) petroleum revenue tax,

(d) a reference to understating liability to VAT includes a reference to overstating entitlement to a VAT credit,

(da) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e) a reference to a loss includes a reference to a charge, expense, deficit and any other amount which may be available for, or relied on to claim, a deduction or relief,

(f) a reference to repayment of tax includes a reference to allowing a credit against tax or to a payment of a corporation tax credit,

(fa) “corporation tax credit” means—

(i) an R&D tax credit under Chapter 2 or 7 of Part 13 of CTA 2009,

(ia) an R&D expenditure credit under Chapter 1A of Part 13 of CTA 2009,

(ii) a land remediation tax credit or life assurance company tax credit under Chapter 3 or 4 respectively of Part 14 of CTA 2009,

(iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(iiia) an audiovisual expenditure credit or video game expenditure credit under Chapter 3 of Part 14A of CTA 2009 (expenditure credit in respect of films, television programmes and video games),

(iv) a film tax credit under Chapter 3 of Part 15 of CTA 2009, ...

(iva) a television tax credit under Chapter 3 of Part 15A of that Act,

(ivb) a video game tax credit under Chapter 3 of Part 15B of that Act, ...

(ivc) a theatre tax credit under section 1217K of that Act, ...

(ivd) an orchestra tax credit under Chapter 3 of Part 15D of that Act, ...

(ive) a museums and galleries exhibition tax credit under Chapter 3 of Part 15E of that Act, or

(v) a first-year tax credit under Schedule A1 to CAA 2001,

(g) “tax period” means a tax year, accounting period or other period in respect of which tax is charged,

(h) a reference to giving a document to HMRC includes a reference to communicating information to HMRC in any form and by any method (whether by post, fax, email, telephone or otherwise),

(i) a reference to giving a document to HMRC includes a reference to making a statement or declaration in a document,

(j) a reference to making a return or doing anything in relation to a return includes a reference to amending a return or doing anything in relation to an amended return, and

(k) a reference to action includes a reference to omission.

Consequential amendments

29

The following provisions are omitted—

(a) sections 95, 95A, 97 and 98A(4) of TMA 1970 (incorrect returns and accounts),

(b) sections 100A(1) and 103(2) of TMA 1970 (deceased persons),

(d) sections 60, 61, 63 and 64 of VATA 1994 (evasion).

30

In paragraphs 7 and 7B of Schedule 1 to the Social Security Contributions and Benefits Act 1992 (c. 4) (penalties) a reference to a provision of TMA 1970 shall be construed as a reference to this Schedule so far as is necessary to preserve its effect.

31

In paragraphs 7 and 7B of Schedule 1 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (penalties) a reference to a provision of TMA 1970 shall be construed as a reference to this Schedule so far as is necessary to preserve its effect.

SCHEDULE 25

Part 1 — Amendments of the Tax Acts

Exemption from corporation tax for profits of charitable companies from certain lotteries

1

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

Exemption from income tax for profits of charitable trusts from certain lotteries

2

In section 530(2) of ITA 2007 (charitable trusts: exemption for profits from lotteries), for paragraph (a) (together with the “or” following it) substitute—

(a) the lottery is an exempt lottery within the meaning of the Gambling Act 2005 by virtue of Part 1 or 4 of Schedule 11 to that Act, (ab) the lottery is promoted in accordance with a lottery operating licence within the meaning of Part 5 of that Act, or

Part 2 — Amendments of BGDA 1981

Introductory

3

BGDA 1981 is amended as follows.

Bookmakers: spread bets

4

(1) Section 3 (bookmakers: spread bets) is amended as follows.

(2) In subsection (1), omit paragraph (b) (together with the “and” before it).

(3) For subsection (2) substitute—

(2) A bet is a spread bet if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.

Liability to pay general betting duty

5

In section 5B(3)(a) (liability to pay general betting duty), for “bookmaker's permit” substitute “ general betting operating licence (in Great Britain), or a bookmaker's permit (in Northern Ireland), ”.

Bet-brokers

6

In section 5C(5) (bet-brokers: cases where section 5C does not apply), omit paragraph (b) (together with the “or” before it).

Definitions for purposes of betting duties

7

(1) Section 12(4) (definitions for purposes of Part 1) is amended as follows.

(2) In the definition of “betting office licence”, omit paragraph (a) (together with the “and” following it).

(3) In the definition of “bookmaker's permit”, omit paragraph (a) (together with the “and” following it).

(4) After that definition insert—

“general betting operating licence” has the same meaning as in Part 5 of the Gambling Act 2005 (see section 65(2)(c));

(5) Omit the definitions of “meeting”, “totalisator” and “track”.

Combined bingo

8

In section 20A(1) (meaning of “combined bingo”), omit paragraph (a) (together with the “or” following it).

Definitions for purposes of bingo duty

9

(1) Section 20C(2) (definitions for purposes of Part 2) is amended as follows.

(2) After the definition of “bingo” insert—

“bingo premises licence” has the same meaning as in Part 8 of the Gambling Act 2005 (see section 150(1)(b)),

(3) For the definition of “licensed bingo” substitute—

“licensed bingo”— (a) in Great Britain, means bingo played at premises licensed under a bingo premises licence, and (b) in Northern Ireland, means bingo played at premises licensed under Chapter 2 of Part 3 of the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985,

Definition of “gaming”

10

In section 33(1) (interpretation of Act), for the definition of “gaming” substitute—

“gaming” means playing a game of chance for a prize within the meaning of Group 4 of Schedule 9 to the Value Added Tax Act 1994;

Supplementary provisions as to betting duties

11

(1) Schedule 1 (enforcement) is amended as follows.

(2) Omit paragraph 7 (production of documents etc relating to general betting business or pool betting business).

(3) In paragraph 15 (cancellation of betting office licence)—

(a) at the beginning insert—

(A1) This paragraph applies only in relation to premises in Northern Ireland.

(b) in sub-paragraph (2), omit “in England or Wales or Northern Ireland”,

(d) in sub-paragraph (5), omit “in Northern Ireland”.

Exemptions from bingo duty

12

(1) Schedule 3 (exemptions from bingo duty) is amended as follows.

(2) For paragraph 2B (and the italic cross-heading before it) substitute—

(2B) (1) In calculating liability to bingo duty no account shall be taken of non-profit making bingo. (2) “Non-profit making bingo” means bingo— (a) in respect of the playing of which no charge in money or money's worth is made, and (b) in respect of which no levy is charged on any of the stakes or on the winnings of any of the players (irrespective of the means by which the levy is charged), and it does not matter whether the charge or levy is compulsory, customary or voluntary. (3) In sub-paragraph (2)(a) “charge” includes an admission charge, but does not include— (a) any payment of the whole or any part of an annual subscription to a club, (b) any payment of an entrance subscription for membership of a club, or (c) any stakes hazarded. (4) In sub-paragraph (3)— - “club” means a club which is so constituted and conducted, in respect of membership and otherwise, as not to be of a temporary character, and - “membership of a club” does not include temporary membership of a club.

(3) In paragraph 5(1) (small-scale amusements provided commercially)—

(a) in paragraph (a), for the words from “premises” to the end substitute “ family entertainment centre within the meaning of the Gambling Act 2005 (see section 238); ”, and

(b) in paragraph (b), for the words from “a permit” to “that Act” substitute “ an adult gaming centre premises licence issued under Part 8 of the Gambling Act 2005 (see section 150(1)(c)) ”.

(4) In paragraph 10(2) (notification to Commissioners by, and registration of, bingo-promoters), in the second sentence, for “the Gaming Act 1968” substitute “ a bingo premises licence ”.

Part 3 — Amendments of FA 1993 relating to lottery duty

Introductory

13

Chapter 2 of Part 1 of FA 1993 (lottery duty) is amended as follows.

Charge to lottery duty

14

In section 24(4) (lotteries in respect of which lottery duty not chargeable)—

(a) in the opening words, for “not chargeable in respect” substitute “ not chargeable (in Great Britain) in respect of a lottery which is an exempt lottery within the meaning of the Gambling Act 2005 (see section 258) or (in Northern Ireland) in respect ”,

(b) in paragraph (a), omit “the Lotteries and Amusements Act 1976 or”,

(d) in paragraph (c), omit “Act or” and “section 5(3) of that Act or”, and

(e) omit paragraph (d).

Disclosure of information

15

In section 37 (disclosure of information to or by the Gaming Board for Great Britain etc)—

(a) in subsection (1), for “Gaming Board for Great Britain” substitute “ Gambling Commission ” and for “or Gaming Board” (in both places) substitute “ or Gambling Commission ”, and

(b) in subsection (2), for “Gaming Board for Great Britain” substitute “ Gambling Commission ” and for “or Gaming Board” substitute “ or Gambling Commission ”.

Part 4 — Amendments of FA 1997 relating to gaming duty

Introductory

16

FA 1997 is amended as follows.

Charge to gaming duty

17

(1) Section 10 (charge to gaming duty) is amended as follows.

(2) In subsection (3)—

(a) in paragraph (a), for “section 2(2) of the Gaming Act 1968” substitute “ Part 1 of Schedule 15 to the Gambling Act 2005 ”,

(b) in paragraph (b), for “section 6 of that Act” substitute “ section 279 of that Act ”,

(d) in paragraph (d), omit “section 41 of that Act or”, and

(e) in paragraph (e), for “section 15 or 16 of the Lotteries and Amusements Act 1976” substitute “ Part 13 of that Act ”.

(3) After that subsection insert—

(3A) This section does not apply to any gaming taking place by means of a machine that is an amusement machine for the purposes of the Betting and Gaming Duties Act 1981. (3B) This section does not apply to any lawful gaming which consists of games played in Great Britain at an entertainment in respect of which all the payments made by the players (whether by way of entrance fee or stake or otherwise) are, after making permissible deductions from those payments, applied for a purpose other than that of private gain (within the meaning of the Gambling Act 2005). (3C) For the purposes of subsection (3B), only the following deductions are permissible deductions— (a) deductions on account of reasonable expenses incurred in providing the facilities for the purposes of the games, and (b) deductions for the provision of prizes or awards in respect of the games.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Banker’s profits from gaming

18

(1) Section 11 (rate of gaming duty) is amended as follows.

(2) In paragraph (b) of subsection (10), for “the value, in money or money's worth, of the winnings paid” substitute “ the value of the prizes provided ”.

(3) After that subsection insert—

(10A) Subsections (2) to (6)(a) of section 20 of the Betting and Gaming Duties Act 1981 (expenditure on bingo winnings: valuation of prizes) apply, with any necessary modifications, for the purposes of gaming duty as they apply for the purposes of bingo duty.

(4) In subsection (11), for “(10)” substitute “ (10A) ”.

Definition of “gaming”

19

In section 15(3) (definitions for purposes of the gaming duty provisions), for the definition of “gaming” substitute—

“gaming” has the same meaning as in the Betting and Gaming Duties Act 1981 (see section 33(1));

Gaming Duty Register

20

(1) Schedule 1 (gaming duty: administration, enforcement etc) is amended as follows.

(2) In sub-paragraph (1) of paragraph 2 (interpretation), before the definition of “the register” insert—

“casino premises licence” has the same meaning as in Part 8 of the Gambling Act 2005 (see section 150(1)(a)); “club gaming permit” has the same meaning as in that Act (see section 271);

(3) In sub-paragraph (2) of that paragraph, for paragraphs (a) and (b) substitute—

(a) in respect of which a casino premises licence is for the time being in force, or (b) in respect of which a club gaming permit is for the time being in force.

(4) In paragraph 3(4)(a) (registrable persons: holders of licences under the Gaming Act 1968)—

(a) for “licence under the Gaming Act 1968” substitute “ casino premises licence or club gaming permit ”, and

(b) after “which the licence” insert “ or permit ”.

(5) In paragraph 6 (notification of premises)—

(a) in sub-paragraph (10)(a), for “licence under the Gaming Act 1968” substitute “ casino premises licence or club gaming permit ” and after “of the licence” insert “ or permit ”, and

(b) in sub-paragraph (11)(a), for “licence under the Gaming Act 1968” substitute “ casino premises licence or club gaming permit ” and after “of the licence” insert “ or permit ”.

(6) In paragraph 14 (disclosure of information)—

(a) in sub-paragraph (1), for “the Gaming Board for Great Britain” substitute “ the Gambling Commission ”, for “that Board” (in each place) substitute “ that Commission ” and for “that Board's functions under the Gaming Act 1968” substitute “ that Commission's functions under the Gambling Act 2005 ”, and

(b) in sub-paragraph (2), for “the Gaming Board for Great Britain” substitute “ the Gambling Commission ” and for “that Board” (in both places) substitute “ that Commission ”.

Part 5 — Miscellaneous amendments

Provision of FA 1966 relating to repealed law

21

In Schedule 3 to FA 1966 (provision relating to Schedule 1 to the Betting, Gaming and Lotteries Act 1963 (c. 2)), omit paragraph 6.

Customs and Excise Management Act 1979

22

In section 1(1) of CEMA 1979 (interpretation), in paragraph (a)(ic) of the definition of “revenue trader”, for the words from “any gaming” to the end substitute “ gaming within the meaning of the Betting and Gaming Duties Act 1981 (see section 33(1)) ”.

Part 6 — Commencement

23

(1) Paragraphs 3, 4, 6, 7(1) and (5), 11(1) and (2), 13, 15, 16 and 20(1) and (6) and this paragraph come into force on the day on which this Act is passed.

(2) The other provisions of this Schedule come into force in accordance with provision made by the Treasury by order.

(3) The power to make an order under this paragraph is exercisable by statutory instrument.

(4) An order under this paragraph—

(a) may make different provision for different purposes, and

(b) may contain transitional provision and savings.

SCHEDULE 26

Meaning of “recognised stock exchange” etc in Tax Acts and TCGA 1992

1

For section 1005 of ITA 2007 substitute—

(1005) (1) In the Income Tax Acts “recognised stock exchange” means— (a) any market of a recognised investment exchange which is for the time being designated as a recognised stock exchange for the purposes of this section by an order made by the Commissioners for Her Majesty's Revenue and Customs, and (b) any market outside the United Kingdom which is for the time being so designated. (2) An order under subsection (1) may— (a) designate a market by name or by reference to any class or description of market (including, in the case of a market outside the United Kingdom, one framed by reference to any authority or approval given in a country outside the United Kingdom), (b) contain incidental, supplemental, consequential and transitional provision and savings, and (c) vary or revoke a previous order under that subsection. (3) References in the Income Tax Acts to securities which are listed on a recognised stock exchange are to securities— (a) which are admitted to trading on that exchange, and (b) which are included in the official UK list or are officially listed in a qualifying country outside the United Kingdom in accordance with provisions corresponding to those generally applicable in EEA states. (4) For this purpose “qualifying country outside the United Kingdom” means any country outside the United Kingdom in which there is a recognised stock exchange. (5) References in the Income Tax Acts to securities which are included in the official UK list are to securities which are included in the official list (within the meaning of Part 6 of FISMA 2000) in accordance with the provisions of that Part. (6) In this section— - “recognised investment exchange” has the same meaning as in FISMA 2000 (see section 285), and - “securities” includes shares and stock.

2

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

3

In section 288 of TCGA 1992 (interpretation), after subsection (5) insert—

(5A) References in this Act to shares or securities which are listed on a recognised stock exchange shall be construed in accordance with subsections (3) and (4) of section 1005 of ITA 2007. (5B) References in this Act to shares or securities which are included in the official UK list shall be construed in accordance with subsection (5) of that section.

Valuation of shares listed on recognised stock exchange for purposes of TCGA 1992 etc

4

(1) In section 272 of TCGA 1992 (valuation: general), for subsections (3) and (4) substitute—

(3) The Treasury may make regulations as to the manner for determining for the purposes of this Act— (a) the market value at any time of shares or securities which are included in the official UK list, and (b) the market value at any time of shares or securities which are listed on a recognised stock exchange outside the United Kingdom. (4) The regulations may— (a) make different provision for different cases, and (b) contain incidental, supplemental, consequential and transitional provision and savings.

(2) The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.

5

(1) In ITTOIA 2005, for sections 450 and 451 substitute—

(450) (1) The Treasury may make regulations as to the manner for determining— (a) the market value at any time of a strip for the purposes of this Chapter, and (b) the market value at any time of a security exchanged for strips of that security for the purposes of section 445(1). (2) The regulations may— (a) make different provision for different cases, and (b) contain incidental, supplemental, consequential and transitional provision and savings.

(2) The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.

Minor and consequential amendments

6

In section 90(8) of FA 1986 (exceptions to the charge to SDRT), for paragraph (b) substitute—

(b) references to anything listed on a recognised stock exchange shall be construed in accordance with section 1005 of the Income Tax Act 2007;

7

(1) ICTA is amended as follows.

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) In section 312(1E)(a) (interpretation of Chapter 3 of Part 7), for “section 841” substitute “ section 1005(1)(b) of ITA 2007 ”.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(10) In paragraph 5 of Schedule 20 (charities: qualifying investments and loans), omit “, or which are dealt in on the Unlisted Securities Market”.

8

(1) TCGA 1992 is amended as follows.

(2) In section 130(1)(a) (composite new holdings)—

(a) for “had quoted market values” substitute “ were listed ”, and

(b) omit “in the United Kingdom or elsewhere”.

(3) In section 144(8)(a) (options and forfeited deposits), for “quoted on” substitute “ listed on ”.

(4) In section 146(4)(b) (options: application of rules as to wasting assets), omit “in the United Kingdom or elsewhere”.

(5) In section 273(2) (unquoted shares and securities), for “quoted” substitute “ listed ”.

(6) Omit section 285 (recognised investment exchanges).

9

In paragraph 4(2C)(b) of Schedule 26 to FA 2002 (derivative contracts: contracts excluded by virtue of their underlying subject matter), for “quoted” substitute “ listed ”.

10

(1) ITEPA 2003 (persons to whom section 421J applies) is amended as follows.

(2) In section 421L (persons to whom section 421J applies)—

(a) in paragraph (b) of subsection (6), for “or dealt in on a recognised stock exchange” substitute “ on a recognised stock exchange or dealt in on any designated market in the United Kingdom ”, and

(b) after that subsection insert—

(7) In subsection (6)(b) “designated” means designated by an order made by the Commissioners for Her Majesty's Revenue and Customs for the purposes of that provision. (8) An order under subsection (7) may— (a) designate a market by name or by reference to any class or description of market, and (b) vary or revoke a previous order under that subsection.

(3) In section 717(2) (orders and regulations made by Treasury or Commissioners), insert at the end “ or section 421L(7) (persons to whom section 421J applies: order in relation to excluded securities). ”

11

(1) ITTOIA 2005 is amended as follows.

(2) In section 443(2) (application of Chapter 8 of Part 4 to strips of government securities)—

(a) at the end of paragraph (e) insert “ and ”, and

(b) omit paragraph (g).

(3) In section 460(3) (minor definitions in Chapter 8 of Part 4), omit “or 451”.

12

(1) ITA 2007 is amended as follows.

(2) In section 143(2)(a) (losses on disposal of shares: the unquoted status requirement), for “1005” substitute “ 1005(1)(b) ”.

(3) In section 151(2) (interpretation of Chapter 6 of Part 4), for “the Stock Exchange” substitute “ a recognised stock exchange ”.

(4) In section 184 (EIS: the unquoted status requirement)—

(a) in subsection (3)(a), for the words from “the Stock Exchange” to the end substitute “ a recognised stock exchange, ”, and

(b) in subsection (6)(a), for “1005” substitute “ 1005(1)(b) ”.

(5) In section 257(5) (minor definitions in Part 5), for “the Stock Exchange” substitute “ a recognised stock exchange ”.

(6) In section 274(2) (requirements for the giving of VCT approval), for “listed throughout the relevant period in the Official List of the Stock Exchange” substitute “ included in the official UK list throughout the relevant period ”.

(7) In section 295(3) (VCTs: the unquoted status requirement)—

(a) in paragraph (a), for the words from “the Stock Exchange” to the end substitute “ a recognised stock exchange, ”, and

(b) in paragraph (c), omit “on the Unlisted Securities Market or dealt in”.

(8) In section 382(2) (minor definitions in Part 7), for “the Stock Exchange” substitute “ a recognised stock exchange ”.

(9) In section 397(6) (eligibility requirements for interest on loans within section 396), in the definition of “unquoted company”, for “listed in the Official List of the Stock Exchange” substitute “ included in the official UK list ”.

(10) In section 432 (gifts of shares, securities and real property to charities etc: meaning of “qualifying investment”)—

(a) in subsection (1)(a), for “or dealt in on a recognised stock exchange” substitute “ on a recognised stock exchange or dealt in on any designated market in the United Kingdom ”,

(b) in subsection (2), after “In this section—” insert—

“designated” means designated by an order made by the Commissioners for Her Majesty's Revenue and Customs for the purposes of subsection (1)(a),

, and

(3) An order under subsection (2) may— (a) designate a market by name or by reference to any class or description of market, and (b) vary or revoke a previous order under that subsection.

(11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(12) In section 989 (list of Income Tax Acts definitions), after the definition of “settlor” insert—

“shares, stock or other securities included in the official UK list” is to be read in accordance with section 1005, “shares, stock or other securities listed on a recognised stock exchange” is to be read in accordance with section 1005,

(13) Omit section 1010 (application of Income Tax Acts to recognised investment exchanges).

(14) In section 1014(2)(g) (orders and regulations)—

(a) after sub-paragraph (ii) (but before the “and”) insert—

(iia) section 432(2) (gifts of shares, securities and real property to charities etc: meaning of “qualifying investment”),

, and

(b) in sub-paragraph (iii), for “1005(1)(b)” substitute “ 1005(1) ”.

(15) In Schedule 4 (index of defined expressions), after the entry relating to “share loss relief (in Chapter 6 of Part 4)” insert—

shares, stock or other securities included in the official UK list	section 1005
shares, stock or other securities listed on a recognised stock exchange	section 1005

SCHEDULE 27

Part 1 — Environment

Part 2 — Income tax, corporation tax and capital gains tax

Part 3 — Pensions

Part 4 — SDLT, stamp duty and SDRT

Part 5 — Investigation, administration etc

Part 6 — Miscellaneous

Charge and rates for 2007-08

Rates and rate bands for 2010-11

Rates of tobacco products duty

Fuel duty rates and rebates

Rates of vehicle excise duty

Rates of landfill tax

Landfill tax: bodies concerned with the environment

Restrictions on trade loss relief for partners

Corporation tax deduction for expenditure on energy-saving items

Extension of income tax deduction for expenditure on energy-saving items

SDLT relief for new zero-carbon homes

Managed service companies

Climate change levy: reduced-rate supplies etc

Managed service companies

Restriction on expenses of management

Gift aid: limits

Charge on benefits received by former owner of property: late elections

Purchased life annuities: self-assessment

SDLT: exchanges

Research and development tax relief: definition of SME etc

Trust gains on contracts for life insurance

Northern Ireland criminal investigations

Personal tax returns

Trust gains on contracts for life insurance

Election out of special film rules for film production companies

Commencement

Gift aid: limits

Charge on benefits received by former owner of property: late elections

Unpaid remuneration and employee benefit contributions

Criminal investigations: powers of Revenue and Customs

Enquiry into returns

Acquisition relief: disregard of company holding own shares

Tax-exempt tariffing receipts

Limitation period in old actions for mistake of law relating to direct tax

Interpretation

Personal tax returns

Northern Ireland criminal investigations

Payment by cheque

Penalties for errors

Tax-exempt tariffing receipts

Disclosure of tax avoidance schemes

Penalties for errors

Disclosure of tax avoidance schemes

VAT: non-business use etc of business goods

Tax-exempt tariffing receipts

Amendments connected with Gambling Act 2005

Limitation period in old actions for mistake of law relating to direct tax

Disclosure of tax avoidance schemes

Interpretation

Repeals

Introductory

Reduced-rate supplies

Notifications and certificates

Commencement

Deduction for deemed employment payments for income tax purposes

Deduction for deemed employment payments for corporation tax purposes

Limit on amount of sideways relief and capital gains relief available in any tax year

Disregard of contributions made for purpose of accessing sideways relief and capital gains relief

Provision corresponding to paragraphs 1 and 2 for tax year 2006-07

Consequential amendments

Amounts not forming part of a company's income

Structured finance arrangements

Manufactured payments under arrangements having an unallowable purpose

Options and groups of companies

Loan relationships: amounts not fully recognised for accounting purposes

Shares treated as loan relationships

Exchange gains and losses where loan not on arm's length terms

Loan relationships and collective investment schemes

Plant or machinery subject to a lease and finance leaseback

Derivative contracts: contracts treated for accounting purposes as financial asset or liability

Derivative contracts: transfers of value to connected companies

Company reconstructions without change of ownership

Sale etc of lessor companies etc

Taxes Management Act 1970 (c. 9)

Income and Corporation Taxes Act 1988 (c. 1)

Finance Act 1989 (c. 26)

Taxation of Chargeable Gains Act 1992 (c. 12)

Finance Act 1996 (c. 8)

Capital Allowances Act 2001 (c. 2)

Finance Act 2001 (c. 9)

Finance Act 2002 (c. 23)

Income Tax (Trading and Other Income) Act 2005 (c. 5)

Introduction

Carry forward of unused pension business losses

Carry forward of unused non-pension business losses

“Section 432F(2) excesses”

Income and Corporation Taxes Act 1988 (c. 1)

Finance Act 1989 (c. 26)

Finance Act 1991 (c. 31)

Taxation of Chargeable Gains Act 1992 (c. 12)

Finance (No. 2) Act 1992 (c. 48)

Finance Act 1996 (c. 8)

Finance Act 1998 (c. 36)

Capital Allowances Act 2001 (c. 2)

Finance Act 2002 (c. 23)

Unused pre-commencement section 76(12) etc excesses

Shifts in basis of taxation at first post-commencement accounting period

Definition of “insurance business transfer scheme”

Transfer schemes: expenses, losses etc

Transfer schemes: deemed periodical returns

Transfer schemes: taxing the transferor

Transferor's period of account including transfer

Transfer schemes: taxing the transferee

Repeal of section 444AD

Transfer schemes: anti-avoidance

Repeal of FA s.82C

Transfers: receipts to be taken into account

Transfers and demutualisations: losses where assets added to long-term insurance fund

Transfer schemes: old annuity contracts

Transfer schemes: no gain/no loss

Transfer schemes: old reinsurance business

Power to amend transfer provisions

Commencement

Contingent loans

“Structural” assets

Losses on disposal of authorised investment fund assets to connected manager

Priority of section 83(2) of FA 1989 etc

Tidying up of TCGA 1992

Tidying up of Chapter 2 of Part 4 of FA 1996

Correction of erroneous repeal

Non-profit companies, non-profit funds and with-profits funds

Internal linked funds and net value

Fair value

Generalisation of definitions

Minor changes

Obsolete etc provisions

Commencement

Restriction on amount of technical provisions made by general insurers

Enforcement

Supplementary

Repeal of section 107 of FA 2000

Commencement

Exempt life or endowment business

Other exempt business

Commencement

Purpose of Schedule

Meaning of debtor repo

Meaning of debtor quasi-repo

Ignoring effect on borrower of sale of securities: debtor repos, debtor quasi-repos and other arrangements

Relief for borrower for finance charges in respect of the advance: debtor repos and debtor quasi-repos

Ignoring sale and subsequent purchase for purposes of chargeable gains: debtor repos

Meaning of creditor repo

Meaning of creditor quasi-repo

Ignoring effect on lender of sale of securities: creditor repos and creditor quasi-repos

Charge on lender for finance return in respect of the advance: creditor repos and creditor quasi-repos

Ignoring purchase and subsequent sale for purposes of chargeable gains: creditor repos

Repo under arrangement designed to produce quasi-interest: anti-avoidance

Requirements to deduct tax from manufactured payments: creditor repos and debtor repos

Interpretation etc

Power to modify Schedule

Income and Corporation Taxes Act 1988 (c. 1)

Taxation of Chargeable Gains Act 1992 (c. 12)

Finance Act 1996 (c. 8)

Finance Act 1994 (c. 9)

Finance Act 2006 (c. 25)

Income Tax Act 2007 (c. 3)

Imputation of chargeable profits and creditable tax of controlled foreign companies

Residence

Elections and designations under section 749: supplementary provisions

Territories with a lower level of taxation

Reduction in chargeable profits for certain activities of EEA business establishments

Interpretation

Exempt activities test

Abolition of public quotation exemption

Discovery assessments

Commencement

Corporate venturing scheme

Enterprise investment scheme

Venture capital trusts

Corporate venturing scheme

Enterprise investment scheme

Venture capital trusts

Enterprise investment scheme: reinvestment

Transitional provision

Corporate venturing scheme

Enterprise investment scheme

Venture capital trusts

Commencement

Transitional provision

Corporate venturing scheme

Enterprise investment scheme etc

Venture capital trusts

Commencement

EIS: approved investment funds

VCTs: disposal of holding

VCTs: power to make regulations as to breaches of conditions

Introduction

Life assurance premium contributions not to be relievable pension contributions

Life assurance premium contributions

Commencement: schemes other than occupational pension schemes

Commencement: occupational pension schemes

Power to amend commencement provisions

Introduction

Alternatively secured pension: guaranteed pension and maximum

Maximum dependants' alternatively secured pension

Abolition of transfer lump sum death benefit

Untraceable members

Increase in rights on death

Minimum alternatively secured pension and dependants' alternatively secured pension

Charity lump sum death benefit

Discharge of liability to scheme chargeable payment

Non-UK schemes

Inheritance tax

Consequential amendment

Commencement

Introduction

Persons by whom registered pension schemes may be established

Unauthorised payments reduced by amount of scheme sanction charge

Surrenders

Scheme pensions where ill-health condition met

Unsecured and dependants' unsecured pensions: reference periods

Pension commencement lump sums

Winding-up lump sums

Lump sum death benefits

Taxable property held by investment-regulated pension schemes: indirect holdings in REITs

Transitional provision: primary protection

Transitional provision: enhanced protection

Inheritance tax: lump sum death benefits

Benefits under employer-financed retirement benefits schemes

Consequential amendments

Commencement

Intermediaries

Repurchases and stock lending

Exemptions from stamp duty and SDRT in cases involving recognised investment exchanges

Consequential repeal

Criminal Law (Consolidation) (Scotland) Act 1995 (c. 39)

Criminal Procedure (Scotland) Act 1995 (c. 46)

Criminal Justice and Police Act 2001 (c. 16)

Error in taxpayer's document

Under-assessment by HMRC

Degrees of culpability

Standard amount

Potential lost revenue: normal rule

Potential lost revenue: multiple errors

Potential lost revenue: losses

Potential lost revenue: delayed tax

Reductions for disclosure

Special reduction

Interaction with other penalties and late payment surcharges

Assessment

Suspension

Appeal

Agency

Companies: officers' liability

Partnerships

Double jeopardy

Interpretation

Consequential amendments

Exemption from corporation tax for profits of charitable companies from certain lotteries

Exemption from income tax for profits of charitable trusts from certain lotteries

Introductory

Bookmakers: spread bets

Liability to pay general betting duty

Bet-brokers

Definitions for purposes of betting duties

Combined bingo

Definitions for purposes of bingo duty

Definition of “gaming”

Supplementary provisions as to betting duties

Exemptions from bingo duty

Introductory

Charge to lottery duty

Disclosure of information

Introductory

Charge to gaming duty

Banker's profits from gaming

Definition of “gaming”

Gaming Duty Register

Provision of FA 1966 relating to repealed law

Customs and Excise Management Act 1979

Meaning of “recognised stock exchange” etc in Tax Acts and TCGA 1992

Valuation of shares listed on recognised stock exchange for purposes of TCGA 1992 etc

Minor and consequential amendments

Editorial notes

[^c18889861]: S. 9 wholly in force at Royal Assent; s. 9(2) deemed to have come into force on 22.3.2007 see s. 9(4); s. 9(1)(3)(4) in force at Royal Assent

[^c18897111]: Sch. 25 para. 7(1)(5) in force at Royal Assent see Sch. 25 para. 23

[^c18890201]: Sch. 25 para. 11(1)(2) in force at Royal Assent, see Sch. 25 para 23

[^c18890211]: Sch. 25 para. 20(1)(6) in force at Royal Assent, see Sch. 25 para. 23

[^key-461005f1d49c3f942317c8050217c72b]: S. 22(3) in force at 1.8.2007 for the purposes of the amendment made by that sub-section by S.I. 2007/2118, art. 2

[^key-12fca23e7e70b2d6a07a0f36220ce303]: Sch. 13 para. 14(6) applied (30.8.2007) by Finance Act 2007 (Schedules 13 and 14) Order 2007 (S.I. 2007/2483), art. 6

[^key-5111fbf292fda1b4cd71e9295851370d]: Sch. 25 para. 2 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-cd8626aa9a10491047f217411928497b]: Sch. 25 para. 5 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-ae4c04a48dc0a0b9f0b979c74c3475fa]: Sch. 25 para. 7(2)-(4) in force at 1.9.2007 by S.I. 2007/2532, art. 2 (with art. 4)

[^key-0c9f97fe6ad4349dac66bcdfa1c83d69]: Sch. 25 para. 8 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-611f69dc7e0b0b5710be17110ec88b40]: Sch. 25 para. 9 in force at 1.9.2007 by S.I. 2007/2532, art. 2 (with art. 5)

[^key-baecd7833b5583dcf9645f38653ca4e8]: Sch. 25 para. 10 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-0e2dd49644d5a068494930834a9e6b9f]: Sch. 25 para. 11(3) in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-3b03ee20e77ef9792ca890b842cf13c0]: Sch. 25 para. 12 in force at 1.9.2007 by S.I. 2007/2532, art. 2 (with art. 6)

[^key-a54e67849d6af45b586788dce1432778]: Sch. 25 para. 14 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-ff15978ea3eeaf6367e4386d33c54690]: Sch. 25 para. 17 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-7413d4c04ed9390245647fe289e66ec2]: Sch. 25 para. 18 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-822d19e4082fcf9c5b780e301ab8487b]: Sch. 25 para. 19 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-9b20a8d3172da31871a1247cab33d622]: Sch. 25 para. 20(2)-(5) in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-678d0b3794ffa640b6f713fa45906e81]: Sch. 25 para. 21 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-c767458a8886b39d17f7e06328ecb111]: Sch. 25 para. 22 in force at 1.9.2007 by S.I. 2007/2532, art. 2

[^key-f38eb8c8f0b20fdce36eace84fe114fc]: Sch. 13 para. 14(6) applied (with effect in accordance with reg. 1(1) of the amending S.I.) by Sale and Repurchase of Securities (Modification of Schedule 13 to the Finance Act 2007) Regulations 2007 (S.I. 2007/2485), reg. 1(1)(2)

[^key-9f72072f5bf0b07a5564f06e3822bfad]: Sch. 13 para. 6 applied (with modifications) (with effect in accordance with reg. 1(1) of the amending S.I.) by Sale and Repurchase of Securities (Modification of Schedule 13 to the Finance Act 2007) Regulations 2007 (S.I. 2007/2485), regs. 1(1), 2(2), 4(1)

[^key-4e1aee6b8da5f928de85f5d0c9414ad8]: Sch. 13 para. 11 applied (with modifications) (with effect in accordance with reg. 1(1) of the amending S.I.) by Sale and Repurchase of Securities (Modification of Schedule 13 to the Finance Act 2007) Regulations 2007 (S.I. 2007/2485), regs. 1(1), 2(2), 4(2)

[^key-68cbb367c82cee2d5c81fb2ac3fa5117]: Sch. 13 para. 1 in force at 1.10.2007 with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 2

[^key-38eafca6b020bcbd1d3fb97999b690fa]: Sch. 13 para. 6 in force at 1.10.2007 with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 2

[^key-842a6fc52d54f25b30864bed059a6a03]: Sch. 13 para. 11 in force at 1.10.2007 with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 2

[^key-5eae3991aa0919a4894008662aa31763]: Sch. 13 para. 14 in force at 1.10.2007 with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 2

[^key-f851b33ef2ffc118cdffc343a2e15b23]: Sch. 13 para. 15 in force at 1.10.2007 with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 2

[^key-ac55deacc58ffe410f311ea573ab72a3]: Sch. 14 para. 4 in force at 1.10.2007 for the purposes of the amendments made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-8754841110a1f897f00d1b2e6aa0262c]: Sch. 14 para. 5 in force at 1.10.2007 for the purposes of the amendment made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-940fc989638e6377a1f53fc19b4bf1e0]: Sch. 14 para. 7 in force at 1.10.2007 for the purposes of the amendments made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-013f0e358a9cac6e4eb15b75cfa5d15a]: Sch. 14 para. 8 in force at 1.10.2007 for the purposes of the amendment made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-63a19e305ee85ea550e5d414b68434fc]: Sch. 14 para. 12 in force at 1.10.2007 for the purposes of the amendments made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-31e5157da546bdd3822e19b60a84a8f3]: Sch. 14 para. 13 in force at 1.10.2007 for the purposes of the amendments made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-f28af5fa9c96766b0c451fab9a85bc9f]: Sch. 14 para. 19 in force at 1.10.2007 for the purposes of the amendment made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-7c7f76092832a3584f44658c05fe90c0]: Sch. 14 para. 20 in force at 1.10.2007 for the purposes of the amendment made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-040cd5852a8ce1d32dabc2722431dca0]: Sch. 14 para. 24 in force at 1.10.2007 for the purposes of the amendment made by that paragraph, with effect in relation to an arrangement that comes into force on or after 1.10.2007 by S.I. 2007/2483, art. 3

[^key-7db1bcb7663643ed999136f9bcd0d987]: Sch. 2 para. 2 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-6b0b39c8d4db09fa90977997a9b59781]: Sch. 2 para. 3 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-7819828b8cc541464a99cb9484d6915c]: Sch. 2 para. 4 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-3ae9797bf4804e9f2849c5a7128d9f4f]: Sch. 2 para. 5 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-942c6950706ff9f890d3fc5710d477fd]: Sch. 2 para. 6 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-9161587e328a6f8dbcc248e60b7a4d30]: Sch. 2 para. 7 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1) (with art. 2(2)(4))

[^key-02517777d34774f8d6af23cab0e36cd6]: Sch. 2 para. 8 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1)

[^key-34480aceaff4e6274931653ae8792eb9]: Sch. 2 para. 9 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1) (with art. 2(3)(4))

[^key-0d680c8ac4841c945b4a795898edc846]: Sch. 2 para. 10 in force at 1.11.2007 by S.I. 2007/2902, art. 2(1) (with art. 2(2)(4))

[^key-5c5b2472f952653db5403a0fa65e7c01]: S. 82 in force at 8.11.2007 by S.I. 2007/3166, art. 2(a)

[^key-6c772139063f5aa065dad1509df9022a]: S. 83 in force at 8.11.2007 by S.I. 2007/3166, art. 2(b)

[^key-012a75a0c481ae94108a22ac13896cb2]: S. 84(1)-(3) (5) (6) in force at 8.11.2007 by S.I. 2007/3166, art. 2(c)

[^key-ebd7e5444c204fc27036c68c1c9ea0a5]: S. 84(4) in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-badbc87bde09c9f615321a05efd493b5]: Sch. 23 para. 2 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-9cb58ecb56fb926ef4116e17f51772ee]: Sch. 23 para. 3 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-98096b2ab81fe1c9b3f00dcdd0e8a497]: Sch. 23 para. 4 in force at 1.12.2007 for the purposes of the amendments made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-630bdf04477ce00d82bbee2baa447a1e]: Sch. 23 para. 5 in force at 1.12.2007 for the purposes of the amendments made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-4f5198e3afedabd49a067e8aa0559985]: Sch. 23 para. 6 in force at 1.12.2007 for the purposes of the amendments made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-b939964e94c2f6bc773bd8775e567ccb]: Sch. 23 para. 7 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-3bed864665d961e965af5ff22b5186f9]: Sch. 23 para. 9 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-60ab09bede26c15431a106f16e9965ce]: Sch. 23 para. 10 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-f4f9954c20c49cdcd046ae24856950f2]: Sch. 23 para. 12 in force at 1.12.2007 for the purposes of the amendment made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-27792cdbbad105eb9717e9aec3f9ab58]: Sch. 23 para. 13 in force at 1.12.2007 for the purposes of the amendments made by that paragraph by S.I. 2007/3166, art. 3(b)

[^key-b32afa94f104a762f22ba8cba8cc65bd]: Sch. 22 para. 1 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-acbb399b212b02b90b2a2f5e4f894bfe]: Sch. 22 para. 2 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-47bbdbea53f947eeb7305dbd73204fdf]: Sch. 22 para. 3 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-3bfb56ec8940b52dd0a6ae4f83bbea5c]: Sch. 22 para. 4 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-457da292048b534f1f570ee0621a8d26]: Sch. 22 para. 5 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-71eb062b9735186628a44fb6d48b7efd]: Sch. 22 para. 6 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-c47d75d9186410462b09894e28271b79]: Sch. 22 para. 7 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-9c1f20b833984d3544b927f4680e2c34]: Sch. 22 para. 8 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-8c4ac8e16d8901ba56561c2d0d981592]: Sch. 22 para. 9 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-bff57c4d43ec22fccfa6624a5d6d886b]: Sch. 22 para. 10 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

[^key-1cdf97dc9db82adfef43e778d81b3e02]: Sch. 22 para. 11 in force at 1.12.2007 by S.I. 2007/3166, art. 3(a)

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