Finance Act 2012

• (5) A statutory instrument containing an order under sub-paragraph (3) is subject to annulment in pursuance of a resolution of the House of Commons.

29

• (1) This paragraph applies if—

• (a) a policy which is a qualifying policy (within the meaning of the Income Tax Acts) is varied or another policy is substituted for such a policy, and

• (b) the variation or substitution is made for the sole purpose of dealing with the consequences of the restrictions placed on relief under section 266 of ICTA by virtue of paragraph 23 above.

• (2) In the case of a variation, the variation does not itself affect the policy's status as a qualifying policy.

• (3) In the case of a substitution, the new policy is to be a qualifying policy.

30

• (1) In this paragraph “relevant variation” means a variation made for the sole purpose of dealing with the consequences of the restrictions placed on relief under section 266 of ICTA by virtue of paragraph 23 above.

• (2) A relevant variation of a policy is not to be treated as a variation for the purposes of—

• (a) paragraph 8(1) or (4) of Schedule 14 to ICTA, or

• (b) section 485(6) of ITTOIA 2005 (disregard of certain events in relation to qualifying policies).

• (3) A relevant variation of a policy or contract does not itself cause the breaching of a limit set out in—

• (a) section 460(2)(c)(iii) or 464 of ICTA, or

• (b) section 155(3) (so far as relating to contracts made before 14 March 1984) or 160 of this Act.

Removal of claw-backs on relief given under section 266 of ICTA

31

• (1) In ICTA omit sections 268 to 272 (which provide for the “claw-back” of income tax relief given under section 266 of ICTA).

• (2) In consequence of the provision made by sub-paragraph (1), omit—

• (a) section 824(2D)(a) of ICTA,

• (b) paragraph 11 of Schedule 35 to FA 2004,

• (c) paragraph 123 of Schedule 1 to ITTOIA 2005, and

• (d) paragraph 21 of Schedule 39 to FA 2008.

• (3) The amendments made by this paragraph have effect in relation to events occurring in relation to policies on or after 6 April 2015.

Abolition of income tax relief relating to certain payments made for benefit of family members etc

32

• (1) In Chapter 6 of Part 8 of ITA 2007 omit section 459 (which provides income tax relief in relation to certain payments made by individuals for the benefit of family members).

• (2) In ITA 2007—

• (a) in sections 26(1)(a) and 27(5) omit “section 459 of this Act or section 273 of ICTA (payments for benefit of family members),”,

• (b) in section 423(5)—

• (i) after paragraph (b) insert “ and ”, and

• (ii) omit paragraph (d) (and the “and” before it),

• (c) in section 460—

• (i) omit subsection (1)(b) (and the “or” before it), and

• (ii) in subsection (4) for “, 458 or 459” substitute “ or 458 ”,

• (d) in section 809G(2)(c) for “, 458 or 459” substitute “ or 458 ”, and

• (e) omit section 811(6)(d) (but not the “and” after it).

• (3) Section 609 of ITEPA 2003 (annuities for the benefit of dependants) is amended as follows.

• (4) In subsection (1), for the words from the second “which” to the end substitute

— (a) which, in the tax year 2012-13 or an earlier tax year, satisfied the conditions for relief under section 273 of ICTA or section 459 of ITA 2007 (obligatory contributions to secure an annuity for the benefit of dependants), or (b) which fall within subsection (3)

.

• (5) After subsection (2) insert—

(3) A sum falls within this subsection if— (a) in the tax year 2013-14 or a later tax year, the sum is paid by an individual, or is deducted from an individual's earnings, under an Act or the individual's terms and conditions of employment, (b) the sum is for the purpose of— (i) securing a deferred annuity after the individual's death for the individual's surviving spouse or civil partner, or (ii) making provision after the individual's death for the individual's children, and (c) the individual— (i) is UK resident for the tax year in which the sum is paid or deducted, or (ii) at any time in that tax year, falls within any of paragraphs (a) to (f) of section 460(3) of ITA 2007 (matters relating to residence). (4) Subsection (3)(a) does not cover contributions paid by a person under— (a) Part 1 of the Social Security Contributions and Benefits Act 1992, or (b) Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992. (5) In subsection (3)(a) “earnings” has the meaning given by section 62.

• (6) The amendments made by this paragraph have effect for the tax year 2013-14 and subsequent tax years.

PART 5 — Capital allowances

Safety at sports grounds

33

The following provisions of Part 2 of CAA 2001 (plant and machinery allowances) are repealed—

• (a) section 30 (safety at designated sports grounds),

• (b) section 31 (safety at regulated stands at sports grounds), and

• (c) section 32 (safety at other sports grounds).

34

• (1) In consequence of the provision made by paragraph 33, CAA 2001 is amended as follows.

• (2) In section 23(2) (expenditure unaffected by sections 21 and 22), omit—

• (a) the entry relating to section 30,

• (b) the entry relating to section 31, and

• (c) the entry relating to section 32.

• (3) In section 27 (application of Part 2 to thermal insulation, safety measures, etc)—

• (a) in subsection (1)(a), for “any of sections 28 to 33” substitute “ section 28 or 33 ”, and

• (b) in the heading, for “, safety measures, etc” substitute “ and personal security ”,

and, in the italic heading before that section, for “, safety measures, etc” substitute “ and personal security ”.

35

The amendments made by paragraphs 33 and 34 have effect—

• (a) for corporation tax purposes, in relation to expenditure incurred on or after 1 April 2013, and

• (b) for income tax purposes, in relation to expenditure incurred on or after 6 April 2013.

Flat conversion allowances

36

Part 4A of CAA 2001 (flat conversion allowances) does not apply—

• (a) for corporation tax purposes, in relation to expenditure incurred on or after 1 April 2013, and

• (b) for income tax purposes, in relation to expenditure incurred on or after 6 April 2013.

37

Part 4A of CAA 2001 is repealed.

38

• (1) In consequence of the provision made by paragraph 37, CAA 2001 is amended as follows.

• (2) In section 1(2) (allowances for which Act provides), omit paragraph (ca).

• (3) In section 2(3) (giving effect to capital allowances), omit the entry relating to section 393T.

• (4) In section 567(1) (sales treated as being for alternative amount: introductory), omit “4A,”.

• (5) In section 570(1) (elections under section 569: supplementary), omit “or 4A”.

• (6) In section 570A(1) (avoidance affecting proceeds of balancing event), omit “4A,”.

• (7) In section 573(1) (transfers treated as sales), omit “, 4A”.

• (8) In Part 2 of Schedule 1 (list of defined expressions), omit the entries for the following defined expressions—

• “balancing adjustment (in Part 4A)”,

• “balancing event (in Part 4A)”,

• “dwelling (in Part 4A)”,

• “flat (in Part 4A)”,

• “lease and related expressions (in Part 4A)”,

• “proceeds from a balancing event (in Part 4A)”,

• “qualifying building (in Part 4A)”,

• “qualifying flat (in Part 4A)”,

• “relevant interest (in Part 4A)”, and

• “residue of qualifying expenditure (in Part 4A)”.

• (9) In Part 2 of that Schedule, in the entry for “sale, transfers under Parts 3A, 4A and 10 treated as”, omit “, 4A”.

39

In consequence of the provision made by paragraphs 37 and 38, the following provisions are repealed—

• (a) in FA 2001, section 67 and Schedule 19,

• (b) in ITTOIA 2005, paragraphs 559 and 560 of Schedule 1, and

• (c) in CTA 2009, paragraphs 505 to 507 of Schedule 1.

40

• (1) The amendments made by paragraphs 37 to 39 have effect—

• (a) for corporation tax purposes, in relation to chargeable periods beginning on or after 1 April 2013, and

• (b) for income tax purposes, in relation to chargeable periods beginning on or after 6 April 2013.

• (2) But see also—

• (a) paragraph 41 (which deals with the case of a company's chargeable period for corporation tax purposes straddling 1 April 2013), and

• (b) paragraph 42 (which saves the continued operation of certain provisions).

41

• (1) This paragraph applies if, for corporation tax purposes, the chargeable period of a company begins before, and ends on or after, 1 April 2013.

• (2) The company is entitled only to the relevant proportion of any writing-down allowance for that chargeable period to which it would, but for this paragraph, have been entitled under section 393J of CAA 2001.

• (3) The relevant proportion is—

$$A B$where—A is the number of days in the chargeable period falling before 1 April 2013, andB is the number of days in the chargeable period.$

42

• (1) Nothing in paragraph 37 or 40(1) is to affect the operation of—

• (a) section 393I of CAA 2001 (withdrawal of allowance if flat not qualifying flat or if relevant interest sold before flat first let), or

• (b) sections 393M to 393P of CAA 2001 (balancing adjustments),

for chargeable periods beginning on or after the relevant date in relation to expenditure incurred before that date.

• (2) The relevant date is—

• (a) for corporation tax purposes, 1 April 2013, and

• (b) for income tax purposes, 6 April 2013.

PART 6 — Mineral leases or agreements

Income tax

43

• (1) The following provisions of ITTOIA 2005 (which provide for income tax relief in relation to mineral royalties) are repealed—

• (a) section 157 (mineral royalties included as receipts of a trade),

• (b) section 319 (mineral royalties included as receipts of a UK property business), and

• (c) sections 340 to 343 (mineral royalties receivable in connection with mines, quarries and other concerns).

• (2) In consequence of the provision made by sub-paragraph (1)—

• (a) in ITTOIA 2005—

• (i) in section 337, omit the entry relating to section 340 (and the “and” before that entry), and

• (ii) in section 339, omit subsection (3), and

• (b) in CRCA 2005, in Schedule 4, omit paragraph 132(3)(a).

• (3) The amendments made by this paragraph have effect in relation to mineral royalties which a person is entitled to receive on or after 6 April 2013.

Corporation tax on income

44

• (1) The following provisions of CTA 2009 (which provide for corporation tax relief on income in relation to mineral royalties) are repealed—

• (a) section 135 (mineral royalties included as receipts of a trade),

• (b) section 258 (mineral royalties included as receipts of a UK property business), and

• (c) sections 273 to 276 (mineral royalties receivable in connection with mines, quarries and other concerns).

• (2) In consequence of the provision made by sub-paragraph (1)(c), in section 272 of CTA 2009, omit subsection (3).

• (3) The amendments made by this paragraph have effect in relation to mineral royalties which a company is entitled to receive on or after 1 April 2013.

Chargeable gains

45

• (1) Section 201 of TCGA 1992 (mineral leases: royalties) is repealed.

• (2) In consequence of the provision made by sub-paragraph (1), in section 203 of TCGA 1992—

• (a) in subsection (1), for “sections 201 and 202” substitute “ section 202 ”, and

• (b) in the heading, for “sections 201 and 202” substitute “ section 202 ”.

• (3) The amendments made by this paragraph have effect—

• (a) for the purposes of capital gains tax, in relation to mineral royalties which a person is entitled to receive on or after 6 April 2013, and

• (b) for the purposes of corporation tax in respect of chargeable gains, in relation to mineral royalties which a company is entitled to receive on or after 1 April 2013.

46

• (1) Section 202 of TCGA 1992 (mineral leases: capital losses) is amended as follows.

• (2) In subsection (1)—

• (a) after “currency of a mineral lease or agreement” insert “ entered into before the relevant date ”, and

• (b) after “in relation to a mineral lease or agreement” insert “ entered into before that date ”.

• (3) After that subsection insert—

(1A) For the purposes of this section “the relevant date” means— (a) for the purposes of capital gains tax, 6 April 2013; and (b) for the purposes of corporation tax in respect of chargeable gains, 1 April 2013.

• (4) In subsection (3), after “termination of a mineral lease or agreement” insert “ entered into before the relevant date ”.

47

In section 203 of TCGA 1992 (provisions supplementary to sections 201 and 202), in subsection (1), for “as they apply for the interpretation of Chapter 7 of Part 4 of CTA 2009” substitute “ (despite their repeal by paragraph 44(1)(c) of Schedule 39 to the Finance Act 2012) ”.

PART 7 — Miscellaneous

Deeply discounted securities: incidental expenses

48

• (1) In section 455 of ITTOIA 2005 (listed securities held since 26 March 2003: calculating the profit or loss on disposals)—

• (a) in subsection (1), after “incurred” insert “ before 6 April 2015 ”, and

• (b) in subsection (3)(b), after “incurred” insert “ before 6 April 2015 ”.

• (2) The amendments made by this paragraph have effect for the tax year 2015-16 and subsequent tax years.

Grants for giving up agricultural land

49

• (1) Section 249 of TCGA 1992 (grants for giving up agricultural land) is repealed.

• (2) Accordingly, the italic heading before that section becomes “ Woodlands ”.

• (3) The amendments made by this paragraph have effect in relation to disposals made on or after 6 April 2013.

Reduction for meal vouchers

50

• (1) Section 89 of ITEPA 2003 (reduction for meal vouchers) is repealed.

• (2) Accordingly, in that Act—

• (a) in section 87 (benefit of non-cash voucher treated as earnings), omit subsection (6), and

• (b) in Schedule 7 (transitionals and savings), omit paragraph 18.

• (3) The amendments made by this paragraph have effect for the tax year 2013-14 and subsequent tax years.

Black beer

51

• (1) ALDA 1979 is amended as follows.

• (2) In section 1 (alcoholic liquors dutiable under ALDA 1979)—

• (a) in subsection (3), omit from “, but” to the end of the subsection, and

• (b) in subsection (5), omit “black beer,”.

• (3) In section 4(1) (interpretation), omit the definition of “black beer”.

• (4) In section 55(5)(b) (made-wine: exception to requirement for excise licence), omit “or black beer”.

• (5) The amendments made by sub-paragraphs (2) and (3) come into force on 1 April 2013.

• (6) The amendment made by sub-paragraph (4) has effect in relation to the use on or after 1 April 2013 of ingredients that include black beer.

Angostura bitters

52

• (1) In ALDA 1979, omit—

• (a) section 1(7) (angostura bitters deemed not to be spirits), and

• (b) section 6 (power to exempt angostura bitters from duty).

• (2) In Schedule 5 to FA 1994 (decisions subject to review and appeal), omit paragraph 3(1)(a).

• (3) The amendments made by this paragraph come into force on 1 April 2013.

Tax reserve certificates

53

• (1) The following provisions are repealed—

• (a) section 750 of ITTOIA 2005 (interest from tax reserve certificates);

• (b) section 1283 of CTA 2009 (interest from tax reserve certificates).

• (2) In consequence of the provision made by sub-paragraph (1), in section 369 of ITTOIA 2005 (charge to tax on interest), in subsection (3)(e), omit “tax reserve certificates,”.

• (3) The repeals made by sub-paragraphs (1)(a) and (2) have effect in relation to tax reserve certificates redeemed on or after 6 April 2013.

• (4) The repeal made by sub-paragraph (1)(b) has effect in relation to tax reserve certificates redeemed on or after 1 April 2013.

Tax assessors

54

• (1) Section 62(2) and (3) of FA 1946 (compensation for former land tax assessors and income tax assessors, etc) is repealed.

• (2) In consequence of the provision made by sub-paragraph (1), in Schedule 2 to the Pensions (Increase) Act 1971 (official pensions), in paragraph 34, omit “or section 62 of the Finance Act 1946”.

• (3) The amendments made by this paragraph come into force on 6 April 2013.

Charge for 2012-13 and rates for 2012-13 and subsequent tax years

Basic rate limit for 2012-13

Personal allowance for 2012-13 for those aged under 65

Personal allowances from 2013

Main rate of corporation tax for financial year 2012

Charge and main rate for financial year 2013

Gains from contracts for life insurance etc

Settlements: income originating from settlors other than individuals

Champions League final 2013

Termination payments to MPs ceasing to hold office

Taxable benefits: “the appropriate percentage” for cars for 2014-15

Profits arising from the exploitation of patents etc

Companies carrying on businesses of leasing plant or machinery

Corporate members of Lloyd's: stop-loss insurance and quota share contracts

Company distributions

Annual exempt amount

Foreign currency bank accounts

Roll-over relief

Seed enterprise investment scheme

Plant and machinery allowances: anti-avoidance

Plant and machinery: long funding leases

Changes of accounting policy

Section 79: meaning of “acquisition expenses”

Commercial allocation

Expenses or receipts for deferred policyholder tax

Friendly societies subject to same basic rules as mutual insurers

Controlled foreign companies and foreign permanent establishments

Transfers within a group by companies carrying on ring fence trade

Supplementary charge

Reduction of supplementary charge for certain oil fields

Rates of alcoholic liquor duties

Rates of duty and rebates from 1 August 2012 to 31 December 2012

Exempt supplies

Relief from VAT on low value goods: restriction relating to Channel Islands

Power to require notification of arrival of means of transport in UK

Standard rate of landfill tax

Climate change levy

Settled property: effect of certain arrangements

Prevention of avoidance: subsales etc

Penalties: offshore income etc

Information powers

New tax on ownership of high-value residential properties or dwellings

Short title

The high income child benefit charge

Consequential amendments

Commencement

Application

Special treatment of profits from patents etc to be phased in

Introductory

Amount of relief for expenditure on R&D by small or medium-sized enterprises (“SMEs”)

Removal of R&D threshold

Company not a going concern when in administration or liquidation

Removal of limit on amount of tax credit based on PAYE and NIC liabilities

Abolition of vaccine research relief for SMEs

Qualifying expenditure on externally provided workers

Application

Introduction

Being a UK REIT: conditions for company - close companies

Being a UK REIT: conditions for company - trading of shares on recognised stock exchange

Being a UK REIT: condition as to distribution of profits

Being a UK REIT: conditions as to balance of business

Abolition of entry charge

Financing cost ratio

Disposal of assets

Introductory

Disposal of shares to which SEIS relief is attributable

Seed enterprise investment scheme: re-investment relief

ITA 2007

TCGA 1992

TMA 1970

Introduction

Minimum subscription

Increase in amount of relief

Loan capital

Overview of Chapter 3

Relaxation of the shares requirement

Increase in the maximum amount permitted to be raised annually

Acquisition of shares or stock

No disqualifying arrangements requirement

Meaning of “qualifying business activity”

Increase in the gross assets limits

Relaxation of restriction on number of employees

Subsidised generation or export of electricity

Powers to amend

Disposal of shares

Date from which interest is chargeable

Information

Approved investment fund as nominee

Interpretation

Commencement and transitional provision

Introduction

Disposal of shares to which EIS relief is attributable

Maximum annual investment

No disqualifying arrangements

Information

Meaning of “arrangements”

Commencement

Introduction

VCT approvals

Qualifying holdings: introduction

Relaxation of maximum qualifying investment requirement

Increase in the maximum amount permitted to be raised annually

Acquisition of shares

Increase in the gross assets limits

Relaxation of restriction on number of employees

No disqualifying arrangements requirement

Subsidised generation or export of electricity

Powers to amend

Information

Consequential amendment

Commencement and transitional provision

Transactions to obtain allowances

Restrictions on writing-down allowances

Restriction of exception for manufacturers and suppliers

Relevant transactions

Commencement

Introductory

Changes in ownership

Fixtures on which business premises renovation allowance has been made

Commencement and transitionals

Increased charge

Application of Part 1

Relief for investments

Formerly exempt property used to make investment

Interpretation provisions

Application of Part 2

Relief from deemed remittance rule

Application of Part 3

Disapplication of ordering rules

Application of Part 4

Application and interpretation

Certain tax consequences not to have effect

Adjustments

Application and interpretation

Certain tax consequences not to have effect

Adjustments

Chapter 5B of Part 13 of ITA 2007

Chapter 2 of Part 16 of CTA 2010

Commencement

Qualifying gifts

Taxes affected

The basic rule

The portion treated as satisfied

Order in which benefit is applied

Effect of basic rule on interest and penalties

Changes to N's tax liability

Gifts set aside etc

Suspension pending negotiations

Conclusion of negotiations

Taxes affected

The basic rule

The portion treated as satisfied

Effect of basic rule on interest and penalties

Changes to C's tax liability

Gifts set aside etc

Suspension pending negotiations

Conclusion of negotiations

Orders

Pre-eminent property

The relevant Minister

General interpretation

IHTA 1984

Estate duty etc

TCGA 1992

ITA 2007

Claims by charitable trusts etc

Claims by charitable companies etc

Community amateur sports clubs: gift aid and other income

Treatment of income tax deducted or repaid

Administration of claims under ITA 2007

Administration of claims under CTA 2010

Application

Finance Act 1950

Taxes Management Act 1970

Inheritance Tax Act 1984

Finance Act 1991

Taxation of Chargeable Gains Act 1992

Finance Act 1993

Finance Act 1999

Capital Allowances Act 2001

Finance Act 2003

Income Tax (Earnings and Pensions) Act 2003

Finance Act 2004

Finance (No.2) Act 2005

Income Tax (Trading and Other Income) Act 2005

Income Tax Act 2007

Corporation Tax Act 2009

Corporation Tax Act 2010

Taxation (International and Other Provisions) Act 2010

Finance Act 2011

General outline of the provision of this Part of this Schedule

Basic concepts

The comparison etc

Deemed receipts or expenses of BLAGAB or non-BLAGAB long-term business

Period over which deemed receipts or expenses arise

Financing-arrangement-funded transfers to shareholders in relation to non-profit funds

Anti-avoidance

Overseas life insurance companies

Insurance company with BLAGAB consisting wholly of protection business

Disregard of amounts previously taken into account for tax purposes

Intangible fixed assets

Assets held for purposes of long-term business

Carry-forward of trading losses and excess management expenses

Relief for BLAGAB trade losses for accounting period beginning on or after 1 January 2013

Assets of the shareholder fund

General transitional provision in relation to provisions re-enacted in Part 2 of this Act

Power to make supplementary transitional provision etc

Interpretation

Income and Corporation Taxes Act 1988

Taxation of Chargeable Gains Act 1992

Income Tax (Trading and Other Income) Act 2005

Corporation Tax Act 2009

Consequential repeals

Approvals given for purposes of section 461 or 461C of ICTA

General transitional provision in relation to provisions re-enacted in Part 3 of this Act

Main provision

Lloyd's underwriters

Plant and machinery allowances

TMA 1970

ICTA

FA 1998

FA 2000

FA 2002

ITA 2007

FA 2007

CTA 2009

FA 2009

CTA 2010

TIOPA 2010

Insurance Companies (Reserve) (Tax) Regulations 1996 (S.I. 1996/2991)

Commencement provision relating to controlled foreign companies etc

Commencement provision relating to foreign permanent establishments

First accounting periods

Elections under section 9A of CTA 2010

Exempt periods

Designer rate tax provisions

Restriction of relief available in respect of decommissioning expenditure

Extension of loss relief available in respect of decommissioning expenditure

Application

Amendments of Chapter 7 of Part 8 of CTA 2010

Consequential amendments

Commencement

The duty

Dutiable machine games

Types of machine

How the duty is charged

Net takings per machine

The rates

Negative amounts of duty

Who is liable

Responsible for premises

Excluded dual-use machines

Accounting periods

Valuing prizes

Valuing charges

Collection and management

Returns

Assessment and payment

Registration

Registrable persons

Compulsory registration

Procedure for registration, de-registration etc

Publication of register

Profit-sharers

Reviews and appeals

Interest

Penalties and enforcement

Forfeiture

Offences

Protection of officers

Orders and regulations

Transitional provision

Consequential amendments

Interpretation

Amendment of BGDA 1981

Amendment of other enactments

Transitional provision and savings

Amendment of VATA 1994

Application

Unilateral relief

Consequential amendments

Commencement

Introductory

Food

Protected buildings

Caravans

Land: self storage and facilities to supply hairdressing services

Introductory

The charge

The supplies

Supplies linked to the post-change period

Power to modify this Schedule

Liability

Amount

Person ceasing to be taxable person before anti-forestalling charge due

Adjustment of contracts following the VAT change

Invoices

Interpretation: general

New Schedule 1A

Other amendments of VATA 1994

Amendments of other Acts

Application

Amendments to Schedule 6 to FA 2000

Provision relating to Schedule 20 to FA 2011

Commencement

Reduced rate of inheritance tax

Consequential amendments

Instruments of variation to be notified to charities etc

Commencement

Introductory

Rates 2012

Rates from 2013

Joint ventures

Double taxation relief

Transitional provision

Introductory

Higher rate of tax: main provisions

Higher rate of tax: exercise of collective rights by tenants of flats

Minor and consequential amendments

Application of amendments

The Agreement and the Joint Declaration

Taxes affected

Application of this Part

Qualifying amounts

Eligibility for clearance

Effect if P eligible for clearance

Ceasing to be liable to tax

Effect if P not eligible for clearance

Interest, penalties etc

Repayments

Paragraph 4: supplementary provision

Refund of one-off payment

Taxes affected

Application of this Part

Effect of relevant certificate

Election

Other credits to be allowed first

Repayments

Relationship with special withholding tax rules

Taxes affected

Application of this Part

Effect of Article 32 certificate

Election in respect of Article 32 certificates

Repayments

Information exchange

Amounts recoverable as if they were VAT

General interpretation

FA 1960

IHTA 1984

ITEPA 2003

ITA 2007

Overview

Tax agent

Dishonest conduct

Conduct notice

Appeal against determination

Offence of concealment etc in connection with conduct notice

Circumstances in which power is exercisable

File access notice

Relevant documents

Content of notice

Compliance

Approval by tribunal

Documents not in person's possession or power

Types of information

Old documents

Privileged communications between professional legal advisers and clients

Power to copy documents

Power to retain documents

Appeal against file access notice

Offence of concealment etc in connection with file access notice

Penalty for failure to comply

Daily penalty for failure to comply

Failure to comply with time limit

Reasonable excuse

Penalty for dishonest conduct

Special reduction

Power to publish details

Assessment of penalties

Appeal against penalty

Enforcement of penalty

Double jeopardy

Power to change amount of penalties

Application of provisions of TMA 1970

Tax

General interpretation

Relationship with other enactments

TMA 1970

OTA 1975

IHTA 1984

Social Security Contributions and Benefits Act 1992

Social Security Contributions and Benefits (Northern Ireland) Act 1992

Social Security Administration Act 1992

Social Security Administration (Northern Ireland) Act 1992

FA 2003

Nationalisation schemes

Visiting forces and allied headquarters

Shared ownership transactions

Instruments subject to duty of fixed amount

Acquisitions

Transfers to registered social landlords

Land in disadvantaged areas

Leases granted by registered social landlords

Application and transitional provision

Abolition of income tax relief for life assurance premiums under section 266 of ICTA

Removal of claw-backs on relief given under section 266 of ICTA

Abolition of income tax relief relating to certain payments made for benefit of family members etc

Safety at sports grounds

Flat conversion allowances

Income tax

Corporation tax on income

Chargeable gains

Deeply discounted securities: incidental expenses

Grants for giving up agricultural land

Reduction for meal vouchers

Black beer

Angostura bitters

Tax reserve certificates

Tax assessors

Editorial notes

[^c22717751]: Sch. 14 para. 36(1) power exercised: 1.4.2012 appointed by S.I. 2013/587, art. 2

[^c22717761]: Sch. 26 para. 3(1) in force at Royal Assent and Sch. 26 para. 3(2)-(6) in force in relation to relevant supplies at 1.10.2015, see Sch. 26 para. 7(3)

[^key-1fe995deb3dd06191df9b5ee9e4d03e4]: Sch. 7 para. 7(2) in force at 19.7.2012 for the purposes of the amendment made by that sub-paragraph by S.I. 2012/1896, art. 2(a)

[^key-cadfe381a1e1019427d3c6805f3bc9da]: Sch. 7 para. 11 in force at 19.7.2012 for the purposes of the amendments made by that paragraph by S.I. 2012/1896, art. 2(b)

[^key-791c358953f91481ffddb19b3be5962f]: Sch. 7 para. 29 in force at 19.7.2012 for the purposes of the amendment made by that paragraph by S.I. 2012/1896, art. 2(d)

[^key-d3ad87a1dd0f52d89ab12bd42101104d]: Sch. 8 para. 6(2) in force at 19.7.2012 for the purposes of the amendment made by that sub-paragraph by S.I. 2012/1901, art. 2(a)

[^key-4cf95681c949f726282435e183704f42]: Sch. 8 para. 8 in force at 19.7.2012 for the purposes of the amendments made by that paragraph by S.I. 2012/1901, art. 2(b)

[^key-30121ba345b4c857af1143e1e1fce687]: S. 57 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 5, 6 (with regs. 1(2), 2)

[^key-1c3e81c6e87d8e1e2489a3fbd7ede519]: S. 63 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 7 (with regs. 1(2), 2)

[^key-06dd3a7ea9a0310c67f71851e05da2fb]: S. 66 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 8 (with regs. 1(2), 2)

[^key-343a02d33d6b22954413180753c2f1ed]: S. 67 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 9 (with regs. 1(2), 2)

[^key-3f59549e68bbcee9b61fbb65104cb926]: S. 97 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 10 (with regs. 1(2), 2)

[^key-09989e7a904842aabab4d568eba89aff]: S. 98 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 11 (with regs. 1(2), 2)

[^key-16cfe0b69655501b0ade44656bdc40ae]: S. 114 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 12 (with regs. 1(2), 2)

[^key-ec344e168e92ec006cdc74fff12d8a4c]: S. 115 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 13 (with regs. 1(2), 2)

[^key-47593ff75b337af813a72fb908841da1]: S. 172 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 14 (with regs. 1(2), 2)

[^key-c6528f6bbb064a94d39320b5948b795a]: S. 174 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 15 (with regs. 1(2), 2)

[^key-c7eb6d807555cbfa3128abdf07190a67]: Words in Sch. 17 para. 20(a) inserted (31.12.2012) by The Insurance Companies (Transitional Provisions) Regulations 2012 (S.I. 2012/3009), regs. 1(1), 16(a)

[^key-06fa18728ea8e95be114b284a29593c3]: Words in Sch. 17 para. 20(b) inserted (31.12.2012) by The Insurance Companies (Transitional Provisions) Regulations 2012 (S.I. 2012/3009), regs. 1(1), 16(b)

[^key-d1818f1f88a2aa27640dc9fcdf302c18]: Sch. 36 paras. 26A, 26B and cross-heading inserted (retrospective to 1.1.2013) by Finance Act 2013 (c. 29), s. 221(1)(2)

[^key-473e841de23464b782cddec22f6456c6]: Sch. 34 para. 5 omitted (retrospective to 1.1.2013) by virtue of Finance Act 2013 (c. 29), s. 202(4)(a)(5) (with s. 202(6)-(13))

[^key-f1767eb42e6fc4f093dfaa837c7f9bfd]: Word in Sch. 34 para. 7 substituted (retrospective to 1.1.2013) by Finance Act 2013 (c. 29), s. 202(4)(b)(5) (with s. 202(6)-(13))

[^key-f46b55cb1f77fe14c41694e993e1c232]: Sch. 32 Pts. 1, 2 omitted (retrospective to 26.3.2013) by virtue of Finance Act 2013 (c. 29), Sch. 42 para. 1(2)(b)(3)

[^key-040959a50f6a973060111a4e0f53a1dd]: Sch. 38 para. 56 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-546a52e01b9b96d146a9786a684a2a09]: Sch. 38 para. 57 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-719da5a929411f8d709e59da78e35029]: Sch. 38 Pt. 3 applied (E.W.S.) by 1992 c. 5, s. 110ZA(2A) (as inserted (1.4.2013) by Finance Act 2012 (c. 14), Sch. 38 para. 56; S.I. 2013/279, art. 2)

[^key-30caf2e9bd0aeb68f451cfc2cf3ce502]: Sch. 38 Pt. 3 applied (N.I.) by 1992 c. 8, s. 104ZA(2A) (as inserted (1.4.2013) by Finance Act 2012 (c. 14), Sch. 38 para. 57; S.I. 2013/279, art. 2)

[^key-91291c68473b05e75a2db390f3f77de6]: Sch. 38 para. 1 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-68c971fdc534c23266f77671ce16939f]: Sch. 38 para. 2 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-f529ca492a3b1befd0beee84e8ef0ab9]: Sch. 38 para. 3 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-76a94e9e4086675d251541742e649d72]: Sch. 38 para. 4 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-9e1401705f92283e48a5e7f6ed3a86aa]: Sch. 38 para. 5 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-71fd032120f1573ab985057353dbb405]: Sch. 38 para. 6 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-3084da315926de9bebe1e0acdad51d5a]: Sch. 38 para. 7 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-33f10a7275f738f5ad00038fce53d060]: Sch. 38 para. 8 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-ccc1b52e5a7d816059c1688682b5246a]: Sch. 38 para. 9 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-fe3b0f8f5d9958c1af776b2bbc0d53cd]: Sch. 38 para. 10 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-9075fc0819672d081a0b9c5415817ab3]: Sch. 38 para. 11 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-e5d5e38aee3feb85374882906f5cd77a]: Sch. 38 para. 12 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-0972e6da105de5952cc0ead5545a5071]: Sch. 38 para. 13 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-81db0b90bf15edf47b0cc68c8dea8edb]: Sch. 38 para. 14 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-88346cb4b817f7bd89ec7152b8f1763c]: Sch. 38 para. 15 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-549f70d7ca1f38d31851ac246db9c66b]: Sch. 38 para. 16 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-9e5e78e09976d96ff05cd40e621988fa]: Sch. 38 para. 17 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-6712fbad9f6d3b3541aca3b2fd69c015]: Sch. 38 para. 18 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-404b29cd5c2424031ee0a73786b9853c]: Sch. 38 para. 19 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-4dc98151d68c75bd7982abec1590930f]: Sch. 38 para. 20 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-7f5b8365eeb2cd2328e7b10c2cf78d3c]: Sch. 38 para. 21 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-423e0e19c12d55963d7735a2eb3ee11f]: Sch. 38 para. 22 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-43da51d30aacc0e07d28c97499e69ed9]: Sch. 38 para. 23 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-29c1160f9a142eb01cdce02e7749baac]: Sch. 38 para. 24 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-9af751082c23a503833665ed9e0b5d73]: Sch. 38 para. 25 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-1b226d55eed3077e6c5d889cb15911bb]: Sch. 38 para. 26 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-ff80584c84fcf6e568a53ef26212056c]: Sch. 38 para. 27 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-aea045561ce2900233ac655f0f58e1e6]: Sch. 38 para. 28 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-5248e8bcd94ba05fc1c3a03fd87fdc2d]: Sch. 38 para. 29 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-276982304104d1cbcee8500967193c0e]: Sch. 38 para. 30 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-a9aac1bf6ae46a100936e49ed27f6db7]: Sch. 38 para. 31 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-61436f64a4891179017488c21b7d97da]: Sch. 38 para. 32 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-39335b7bd62042651a69724eea648a23]: Sch. 38 para. 33 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-8191ba1f0e37f70d565ad04d3ed54805]: Sch. 38 para. 34 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-d9de833dfbc5488e2f45dc8011077327]: Sch. 38 para. 35 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-d538f5489b2aa7d3ba389067643da1f5]: Sch. 38 para. 36 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-7b48a8f93d719b3b4c052576c5b8f918]: Sch. 38 para. 37 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-e63b126f1a303d5be283f4b3117452b8]: Sch. 38 para. 38 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-0fda67facc79b1b9392d761a67c5d913]: Sch. 38 para. 39 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-7f0c2ca144626e83c74358bebb3a75f1]: Sch. 38 para. 40 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-8fc9271b421e3bea85521177d139d0a2]: Sch. 38 para. 41 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-a6b21a653baf54cd3a545ee31c185f1f]: Sch. 38 para. 42 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-521cb3cdef5c03b581a2400bb691b6a5]: Sch. 38 para. 43 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-4f7fbc1cd24b70e4dcd720c9935c6c09]: Sch. 38 para. 44 in force at 1.4.2013 by S.I. 2013/279, art. 2 (with art. 3)

[^key-58856c82fccafdcbda7cd68a80ab9721]: Sch. 38 para. 45 in force at 1.4.2013 by S.I. 2013/279, art. 2 (with art. 3)

[^key-9d889f86a61b5e3ffa98fed1980111ce]: Sch. 38 para. 46 in force at 1.4.2013 by S.I. 2013/279, art. 2 (with art. 3)

[^key-62fd345a0c14889994ae5c46fc26a3ce]: Sch. 38 para. 47 in force at 1.4.2013 by S.I. 2013/279, art. 2 (with art. 3)

[^key-ee8a23a1338bd26bc22f514a422d96d5]: Sch. 38 para. 48 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-64b1029cb09632376569229137658671]: Sch. 38 para. 49 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-d24fcd0b57553afde28098c516f6212c]: Sch. 38 para. 50 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-0bed54c068a6759d05e445793147ea00]: Sch. 38 para. 51 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-dbe77d2000d585b68642543ee8470e2b]: Sch. 38 para. 52 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-2b056bfe61877ac92a3afa8da23334fd]: Sch. 38 para. 53 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-b1ce17835d83998ec01289a39b445a72]: Sch. 38 para. 54 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-3f7de962bcd0f16ea391006ca204c532]: Sch. 38 para. 55 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-dfc98af839a547dfc1f97a26ca276f01]: Sch. 38 para. 58 in force at 1.4.2013 by S.I. 2013/279, art. 2

[^key-7ee41fdadc0919d223f3f730cb47aa6e]: Sch. 22 para. 2 in force at 1.4.2013 for the purposes of the amendment made by that paragraph by S.I. 2013/744, art. 2

[^key-befbcb8d2701cf0335506a8fa35e354b]: Sch. 22 para. 3 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-5e76424838f5630a401e34598833a66e]: Sch. 22 para. 4 in force at 1.4.2013 for the purposes of the amendment made by that paragraph by S.I. 2013/744, art. 2

[^key-763d5f45e645793e7941751ee59c041c]: Sch. 22 para. 5 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-9f4178ea0b696ce3803d0647500e2ec0]: Sch. 22 para. 6 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-328338fa9a814b7461aa6ac86a14e921]: Sch. 22 para. 7 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-49ef6576c7e1d04d85494cb46c387def]: Sch. 22 para. 8 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-4836f494014f26d42e241756115e46f3]: Sch. 22 para. 9 in force at 1.4.2013 for the purposes of the amendment made by that paragraph by S.I. 2013/744, art. 2

[^key-3830847bdd0ef847d9ac499cf8c0d1c5]: Sch. 22 para. 10 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-9f1c57bfff1f30700fdbf3f4e1d5045e]: Sch. 22 para. 11 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-7624596ae6fd6b13f4093d9c6757b968]: Sch. 22 para. 12 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-ccc262f90de3f68565190c1b4626b753]: Sch. 22 para. 13 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-963f77f63f7c53ae268ed02fe062492f]: Sch. 22 para. 16(2)(4)(5) in force at 1.4.2013 for the purposes of the amendments made by those sub-paragraphs by S.I. 2013/744, art. 2

[^key-664fef77f86397826c44712400292d6d]: Sch. 22 para. 17 in force at 1.4.2013 for the purposes of the amendment made by that paragraph by S.I. 2013/744, art. 2

[^key-51ef82dde9cedb32766624dc1e894752]: Sch. 22 para. 18 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-817e79d34379589f1620f6c679d0c85b]: Sch. 22 para. 19 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2

[^key-e8a6558c8afeafba55dacd4a7b8f2a26]: Sch. 22 para. 20 in force at 1.4.2013 for the purposes of the amendment made by that paragraph by S.I. 2013/744, art. 2

[^key-cd96a44cd6e29d5ac7af960daa5264ae]: Words in s. 139(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 16(2)(a)(i)

[^key-e24d1112ec920439c9b352f5dfef09da]: Words in s. 139(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 16(2)(a)(ii)

[^key-2ec8ff2fa7cb22a97842d6cde98ea4fb]: Words in s. 139(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 16(2)(b)

[^key-b95cdc7101f4b8d341febd317b3695b8]: Words in s. 139(4) inserted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 16(3)(a)

[^key-f52b9964e1efe888d8f68fc4f0503f30]: Words in s. 139(4) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636), art. 1(2), Sch. para. 16(3)(b)

[^key-81d303cc701922d264aa7efcae4ac3c0]: Sch. 38 applied by S.I. 2009/470, reg. 33(1) (as substituted (6.4.2013) by The Education (Student Loans) (Repayment) (Amendment) Regulations 2013 (S.I. 2013/607), regs. 1(1), 9)

[^key-47aabdfbcf4af7dcf6302a3f17f4b11e]: Sch. 38 applied (with application in accordance with reg. 1(2) of the amending S.I.) by The Social Security (Contributions) (Amendment and Application of Schedule 38 to the Finance Act 2012) Regulations 2013 (S.I. 2013/622), regs. 1, 41

[^key-1f3d652b78a814b71a7231011e8cde25]: Sch. 26 para. 4 in force at 6.4.2013 see Sch. 26 para. 7(2)

[^key-9d3cb5a1778a48284d40c7c9ab051fdb]: Sch. 26 para. 6 in force at 6.4.2013 see Sch. 26 para. 7(2)

[^key-5eac0c78a7ded919026c515b77eb7e84]: Sch. 36 applied (with modifications) (19.4.2013) by The Small Charitable Donations Regulations 2013 (S.I. 2013/938), regs. 1, 6

[^key-2ab3bc7819aed9f4b77b226baf601aec]: S. 13 modified (17.7.2013) by Finance Act 2013 (c. 29), Sch. 45 para. 159

[^key-27fb0731e54b9a4bd4d59ca81b48ba53]: Words in s. 78(3) omitted (with effect in accordance with Sch. 15 paras. 28, 29 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 15 para. 26(2)

[^key-e733781a5f7d5707ef30b14db54b2dbe]: Sch. 16 para. 190 omitted (with effect in accordance with Sch. 15 paras. 28, 29 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 15 para. 26(3)

[^key-d920afd24ced84a3d1e755c71ee8c232]: Sch. 17 para. 22(3) inserted (30.9.2013) by The Insurance Companies (Amendment to Schedule 17 to the Finance Act 2012 (Transitional Provision)) Regulations 2013 (S.I. 2013/2244), regs. 1(1), 2(2) (with reg. 1(2))

[^key-b5b6dee19b6560222a2c836421eba190]: Sch. 16 paras. 220-223 omitted (1.1.2014) by virtue of Finance Act 2013 (c. 29), Sch. 1 para. 52, Sch. 29 para. 50(4)

[^key-d5fc27d1240f51f6b148ab533b99e6ca]: S. 22 omitted (1.1.2014) by virtue of Finance Act 2013 (c. 29), Sch. 1 para. 52, Sch. 29 para. 50(2)

[^key-c89f3a97dbf3cbea99d8d0ff6620fe0a]: Word in s. 78(3) substituted (1.1.2014) by Finance Act 2013 (c. 29), Sch. 1 para. 52, Sch. 29 para. 50(3)