Finance Act 2016

Functions of the OTS: general

Short title

Main repeals

Further amendments in ITTOIA 2005

Further amendments in CTA 2010

Other amendments

Commencement

Income tax: sporting testimonial payments treated as earnings

Income tax: limited exemption for sporting testimonial payments

Corporation tax: deductions from total profits for sporting testimonial payments and associated payments

Application of this Schedule

Enterprise management incentives and employee ownership trusts

Share incentive plans

Notification of plans and schemes to HMRC

Price for acquisition of shares under share option

Tag-along rights

Exercise of EMI options

The protection

The initial conditions

Protection-cessation events

Protection-cessation events: interpretation: “benefit accrual”

Protection-cessation events: interpretation: “impermissible transfer”

Protection-cessation events: interpretation: “permitted transfer”

Protection-cessation events: interpretation: “permitted circumstances”

Protection-cessation events: interpretation: relieved non-UK pension schemes

The protection

Amount A (pre-6 April 2006 pensions in payment)

Amount B (pre-6 April 2016 benefit crystallisation events)

Amount C (uncrystallised rights at end of 5 April 2016 under registered pension schemes)

Amount D (uncrystallised rights at end of 5 April 2016 under relieved non-UK schemes)

Issuing of reference numbers for fixed or individual protection 2016

Withdrawal of reference numbers

Appeals against non-issue or withdrawal of reference numbers

Notification of subsequent protection-cessation events

Notification of subsequent pension debits

Personal representatives

Penalties for non-supply, or fraudulent etc supply, of information under paragraph 17 or 18

Preservation of records in connection with individual protection 2016

Amendments of regulations

Interpretation of Parts 1, 2 and 3

Interpretation of Parts 3 and 4 and this Part

Regulations

Serious ill-health lump sums

Charity lump sum death benefits

Dependants' flexi-access drawdown funds

Trivial commutation lump sum

Top-up of dependants' death benefits

Inheritance tax as respects cash alternatives to annuities for dependants etc

Amendments of Chapter 2 of Part 15 of ITA 2007

Amendments relating to Chapter 2 of Part 15 of ITA 2007

Introductory

Non-market loans

Transfer pricing

Exchange gains and losses

Commencement

ICTA

FA 1998

CAA 2001

FA 2007

CTA 2009

FA 2009

CTA 2010

FA 1998

CTA 2009

CTA 2010

TIOPA 2010

Introductory

Definition

Charging of excise duty

Mixing of aqua methanol

Enforcement

Consequential amendments

HODA 1979

FA 1994

Duty to give warning notice

Warning period

Meaning of “tax”

Meaning of “tax advantage” in relation to VAT

Meaning of “non-deductible tax”

“Tax advantage”: other taxes

“DOTAS arrangements”

“Disclosable Schedule 11A VAT arrangements”

Paragraphs 8 to 9A: “failure to comply”

“Relevant defeat”

Condition A

Condition B

Condition C

Condition D

Condition E

Annual information notices

Naming

Duty to give a restriction relief notice

Restriction of relief

The restricted period

Reasonable excuse

Mitigation of restriction of relief

Appeal

Meaning of “avoidance-related rule”

Meaning of “relief”

“Claim” for relief

VAT and indirect taxes

Power to amend

Penalty

Simultaneous defeats etc

Value of the counteracted advantage: basic rule for taxes other than VAT

Value of counteracted advantage: losses for purposes of direct tax

Value of counteracted advantage: deferred tax

Meaning of “the counteracted advantage” in paragraphs 33 and 34

Value of the counteracted advantage: Conditions D and E

Value of counteracted advantage: delayed VAT

Assessment of penalty

Alteration of assessment of penalty

Aggregate penalties

Appeal against penalty

Penalties: reasonable excuse

Paragraph 42: meaning of “the relevant failure”

Mitigation of penalties

Representative member of a VAT group

Corporate groups

Associated persons treated as incurring relevant defeats

Meaning of “associated”

Partners treated as incurring relevant defeats

Partnership returns to which this paragraph applies

Partnerships: information

Partnerships: special provision about taxpayer emendations

Supplementary provision relating to partnerships

Meaning of “adjustments”

Time of “use” of defeated arrangements

Inheritance tax

National insurance contributions

General interpretation

Consequential amendments

Commencement

Purpose of Part 1

“Relevant body”

“UK company”

“UK permanent establishment”

“Qualifying company”

“Group” and related expressions

“Qualifying group”

“UK sub-group” and “head” (in relation to a UK sub-group)

“UK partnership”, “qualifying partnership” and “representative partner”

“Financial year”

“Turnover” and “balance sheet total”

“UK taxation”

Qualifying UK groups: duty to publish a group tax strategy

Content of group tax strategy

Penalty for non-compliance with paragraph 16

UK sub-groups: duty to publish a sub-group tax strategy

Content of a sub-group tax strategy

Penalty for non-compliance with requirements of paragraph 19

Qualifying companies: duty to publish a company tax strategy

Content of a company tax strategy

Penalty for non-compliance with paragraph 22

Qualifying partnerships: duty to publish a partnership tax strategy

Penalties under this Part: general provisions

Failure to comply with a time limit

Reasonable excuse

Assessment of penalties

Appeal

Enforcement

Power to change amount of penalties

Application of provisions of TMA 1970

Meaning of “tax strategy”

Large groups falling within Part 3

Warning notices

Special measures notices

Circumstances in which warning and special measures notices are treated as having been given

Sanctions: liability for penalties for errors in documents given to HMRC

Sanctions: Commissioners publishing information

Application of Part 3 to large UK sub-groups

Application of Part 3 to large companies

Application of Part 3 to large partnerships

Meaning of “designated HMRC officer”

Amendment of power under section 122 of FA 2015

Regulations

Liability for penalty

Meaning of “involving offshore activity” and related expressions

Amount of penalty

Potential lost revenue: enabling Q to commit relevant offence

Potential lost revenue: enabling Q to engage in conduct incurring relevant civil penalty

Treatment of potential lost revenue attributable to both offshore tax evasion or non-compliance and other tax evasion or non-compliance

Reduction of penalty for disclosure etc by P

Procedure for assessing penalty, etc

Appeals

Double jeopardy

Application of provisions of TMA 1970

Interpretation of Part 1

General application of information and inspection powers to suspected enablers

General modifications

Specific modifications

Naming etc of persons assessed to penalty or penalties under paragraph 1

Amendments to Schedule 24 to the Finance Act 2007 (c. 11)

Amendments to Schedule 41 to the Finance Act 2008 (c. 9)

Amendments to Schedule 55 to the Finance Act 2009 (c.10)

Circumstances in which asset-based penalty is payable

Meaning of standard offshore tax penalty

Tax year to which standard offshore tax penalty relates

Potential lost revenue threshold

Offshore PLR

Restriction on imposition of multiple asset-based penalties in relation to the same asset

Standard amount of asset-based penalty

Reductions for disclosure and co-operation

Special reduction

Introduction

Capital gains tax

Inheritance tax

Asset-based income tax

Jointly held assets

Assessment

Appeal

Interpretation

Consequential amendments etc

Membership

Term of office

Appointment of initial members

Termination of appointments

Remuneration

Provision of staff and facilities etc.

Validity of proceedings

Supplementary powers

Finance

Disqualification

Freedom of information

Public sector equality duty

Editorial notes

[^c22576901]: S. 162(2)(3) in force at Royal Assent, see. s. 162(2)

[^c22768261]: S. 20(2)-(5) in force at 6.4.2016 with back-dated effect for the purposes of the amendments made by those subsections by S.I. 2016/1005, reg. 2 (with regs. 1(2), 3, 4)

[^key-0023fa4288898fb228aa68f95a0fce45]: Sch. 20 para. 13 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-05d4264b82618cd6c6f3eb9cddb3a8f0]: Sch. 21 para. 10(5) in force at 1.4.2017 in so far as not already in force and with effect in accordance with reg. 2 of the commencing S.I. by S.I. 2017/259, reg. 2

[^key-0c50c8e78bf6b4bda97be611df83f0a3]: Sch. 18 para. 43(8) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(16)

[^key-0d61d4e81c9e405222ca94bb5f2333c8]: Sch. 21 para. 2(1)-(3) (5) in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-0fac397f0ae27808be6f7e496fe71007]: Words in s. 182 inserted (31.12.2020) by The Taxes (State Aid) (Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1499), regs. 1, 6(4)

[^key-0ff7f2b4807ed40374750f757b9fbe04]: Words in Sch. 24 Pt. 2 inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 13

[^key-117fbbcb4370633edcbe9972911ad25e]: Sch. 22 para. 3 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-13cf3d35afb8f24dc8c608dcb5cad548]: Sch. 20 para. 19 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-14636ba6cca82aa116b1e0fa5b0e2108]: Words in Sch. 18 para. 4(1)(j) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(2)(b)

[^key-17a4f30244fd39a1610e52b3bae1be4a]: Sch. 4 Pt. 2 modified (6.4.2023) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2023 (S.I. 2023/113), regs. 1(2), 37, 38 (with reg. 1(3))

[^key-1884d073a18dab74b48c3ffdac7f3ea9]: Sch. 18 para. 16A and cross-heading inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(10)

[^key-193e5f7e398632de9a54cd5d2c4c10aa]: Sch. 20 para. 7 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-21066d74a54745220e2ff37fee499ed6]: Words in Sch. 18 para. 9 inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(5)(b)

[^key-233709bc8bd068f0b6fc0bd7312918e9]: S. 126 has effect as specified (31.12.2020) by The Finance Act 2016, Section 126 (Appointed Day), the Taxation (Cross-border Trade) Act 2018 (Appointed Day No. 8, Transition and Saving Provisions) and the Taxation (Post-transition Period) Act 2020 (Appointed Day No. 1) (EU Exit) Regulations 2020 (S.I. 2020/1642), reg. 3

[^key-23f47cbea90a0e99f20c3fb924d8c4b0]: Words in Sch. 22 para. 5(1)(a) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(4)

[^key-24cbefdc498defe6855c6caf3ba38a7a]: Sch. 20 para. 23 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-2732159695f0e33221d6fbe85d947bce]: S. 179(2)-(4) in force at 6.12.2016 for the purposes of the amendments made by those subsections by S.I. 2016/1171, reg. 2(1)

[^key-27bfb207b3f436f2a19c9c914fe1b41d]: Words in Sch. 18 para. 32(2)(b) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(14)(b)

[^key-2c7b486422cb3b38223371dc0e25dbeb]: Sch. 18 para. 17(12) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(d)

[^key-2e9c1ee31f9a3cd15f8e0f432b00e548]: Sch. 21 para. 6(4) in force at 1.4.2017 in so far as not already in force and with effect in accordance with reg. 2 of the commencing S.I. by S.I. 2017/259, reg. 2

[^key-2f218656495e96ae31023e131763a6b9]: Sch. 22 para. 19 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-30d8c2dd121bb81ebb2bf2f5e7e9958f]: Sch. 20 para. 16 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-34de86a2fd8acd4ff90e58087d36892d]: Sch. 22 para. 11 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-389a0a07ac849cb322b59ad405762458]: Sch. 21 para. 6(1)-(3) (5) in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-3cd54fbb7a25212470d0ee968280bf58]: Word in Sch. 18 para. 58(1) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(18)(c)

[^key-3f2fdd4568bfd2a89012f47dd8fea79a]: Sch. 21 para. 8 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-41c9635a050e6d1d38661a949423023c]: Sch. 18 para. 4 renumbered as Sch. 18 para. 4(1) (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(2)(a)

[^key-42df955b2c11608c32d64463d365a7e3]: Words in Sch. 18 para. 17(5) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(c)

[^key-45a1b02b0f4f60b86aa4b08277203c19]: Sch. 21 para. 12 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-47c7f0e2046b96367a9db83852b830a5]: Words in Sch. 18 para. 9 substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(5)(a)

[^key-50e0d69003f603fa01e09489ed60831a]: Sch. 21 para. 10(5) in force at 8.3.2017 for specified purposes by S.I. 2017/259, reg. 3

[^key-52393cf866ae2f5fed116a0d9acc9fff]: Word in Sch. 18 para. 58(1) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(18)(d)

[^key-533e3f85578557e397f4782a5c0d787b]: Sch. 20 para. 5 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-5483b87b24ef5f4b07f4e3521693dc48]: Sch. 18 para. 35(1)(d) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(15)

[^key-55929a7c587f085eb4f918ecf60ecf43]: Sch. 22 para. 3(4)(5) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(3)

[^key-55db949ef0e2459c257c6816c9361700]: Sch. 22 para. 21 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-5646fcf984928ca91f76994532233482]: Sch. 21 para. 10(1)-(4) (6) in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-59ae87dbcb73972b34decb656c21597d]: Sch. 22 para. 13(2A) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(7)

[^key-5a09556ed920530ff9fd657f15aa3d73]: Sch. 20 para. 21 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-5a869c6a9495cfa1ee519225e0b6d878]: Words in Sch. 18 para. 10(1) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(8)

[^key-5c6f6ff2a05850d4895e1594f8970b67]: Sch. 22 para. 7 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-5d5d8b75da8ccc530fd5fb0ce745391f]: Sch. 21 para. 5 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-600be55ff0fe98649a9426f6fb603e71]: Word in s. 182(1) substituted (31.12.2020) by The Taxes (State Aid) (Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1499), regs. 1, 6(2)

[^key-60817b510e77afbec76db49d4098c291]: S. 113(1)-(4) in force at 6.4.2017 for the purposes of the amendments made by those subsections by S.I. 2017/355, reg. 2

[^key-61c54f31b314fdb0768e5885986357f1]: Sch. 22 para. 13 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-688474e9b625389c663ce7473743fbf0]: Sch. 21 para. 9 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-69f9c18d49daefdcc56a1224d61cfe24]: Sch. 21 para. 6(4) in force at 8.3.2017 for specified purposes by S.I. 2017/259, reg. 3

[^key-6a98a5f6ead13934691d35182feab710]: S. 42(9)(c) omitted (with effect in accordance with s. 34(8) of the amending Act) by virtue of Finance Act 2021 (c. 26), s. 34(6)(b)

[^key-6b9b6e0148368e4cac3236825792dbad]: S. 162(1) in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-6c20d93184367128d63275753b332b8c]: Sch. 20 para. 20 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-6ddf7de075b6154a7a5c5122d47af193]: Words in s. 128(9)(b) substituted (with effect in accordance with Sch. 11 para. 16(1)-(3) of the amending Act) by Finance Act 2018 (c. 3), Sch. 11 para. 15

[^key-6e42141d10384b6e7ba59045e4d08391]: Words in Sch. 18 para. 17(3)(a) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(a)

[^key-73d63df27dda3f6a2b6ec05f7b2f63af]: S. 173(1) in force at 14.11.2016 for the purposes of the amendment made by that provision by S.I. 2016/1010, reg. 3

[^key-7417ce57849a4636ca07b3b993d30ed7]: Sch. 22 para. 16 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-7568f899dea0262d5e73255b305c1820]: Word in Sch. 18 para. 17(4) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(b)

[^key-76308fc9178db9273d38a31ec6ae2607]: Sch. 8 para. 7 repealed (with effect in accordance with s. 33(5) of the amending Act) by Finance Act 2019 (c. 1), s. 33(2)(c)(xii)

[^key-778388ad55476aa760bcbb62f27c51d6]: Sch. 18 para. 11(1): "F" substituted for "E" (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(9)

[^key-78a646550e8dc65d14ae1ea1efe2c69c]: Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)

[^key-7916645433bbcb0f337fa9a736bec201]: S. 179(1) in force at 1.4.2017 for the purposes of the amendment made by that subsection in so far as not already in force by S.I. 2016/1171, reg. 2(2)

[^key-7baf820a7a67e51b8957f6e9dc84025f]: Sch. 4 para. 3(c) modified (6.4.2023) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2023 (S.I. 2023/113), regs. 1(2), 42 (with reg. 1(3))

[^key-7c6d9d54dfde42a83963014ad286983b]: S. 166 in force at 7.10.2017 for the purposes of the amendment made by that provision with effect in relation to the tax year commencing on 6.4.2017 and subsequent tax years by S.I. 2017/970, art. 2

[^key-7ece5c9683866ac2fe58569d76fbe574]: Words in s. 42(9)(b) inserted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(6)(a)

[^key-7f199ecab861d011acb987df4c762465]: Sch. 22 para. 8 in force at 8.3.2017 for specified purposes by S.I. 2017/277, reg. 2(a)

[^key-81e8326af932558db7c746c2339bd5f4]: Sch. 20 para. 17 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-83ea61c80e6ce6a9aafb2e5daff9613f]: Sch. 22 para. 14 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-8413390972a40db4c949900584e4eaea]: Words in s. 100(6) substituted (15.3.2022) by National Insurance Contributions Act 2022 (c. 9), s. 9

[^key-850a902c8fed90a040f4c406688d8300]: Sch. 22 para. 9 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-85da641749f88d6d3ff0ba5c781f1d42]: Sch. 22 para. 12 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-85f6ef80c26053ffa1d46a539f0d0572]: Sch. 20 para. 9 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-86ada6fe4c7fedb39d830d42e9c7e3d6]: Sch. 21 para. 3 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-87c2f42af4fcb37ee3e17c0249674054]: Sch. 21 para. 11 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-8a8b187ddec09326e343725031cf25ea]: Sch. 21 para. 1 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-8bd1d15d65f355b3c4d750bad1b874aa]: Sch. 22 para. 8 in force at 1.4.2017 in so far as not already in force and with effect in accordance with reg. 2(b) of the commencing S.I. by S.I. 2017/277, reg. 2(b)

[^key-9000d91b310e5481e44214204425f545]: Sch. 22 para. 4 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-905dcfbefb590fbabdb5e4ec94f08d49]: Sch. 22 para. 10 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-99266831e54b25ce0aa116088d804770]: Words in s. 42(9) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(6)(c)

[^key-9d6ff54d23057ab1b2832f0b15ecf8ec]: Sch. 22 para. 15 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-9dd5347679c0cb44be8628de3ecddaf9]: Words in Sch. 22 para. 6(1)(a) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(5)

[^key-9f619def242e240ba4d60afe8ad1fc41]: Words in Sch. 18 para. 28 inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(13)

[^key-a15af229201d7acc32e0cf6902e3fd2a]: Sch. 22 para. 2(4A) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(2)(b)

[^key-a3018dc98fcd52947e6b3a7ffc156de0]: Sch. 20 para. 12 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-a34c9ef449507d31b315a36db1a38f79]: Words in Sch. 22 para. 2(1) substituted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(2)(a)

[^key-a54179953adc64ca74e8e71720ca5603]: Sch. 22 para. 6 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-a6d3ada5019f98e3c27001a257bf53ae]: Sch. 20 para. 3 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-a8c8f164e44f5ebf240cef201a6445e7]: Sch. 18 para. 9A and cross-heading inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(6)

[^key-a8d3328c70236ef7df48cb1e4232ec86]: Sch. 21 para. 7 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-abcebd1b76f18df9c8f452655cdc7fa1]: Words in Sch. 18 para. 32(1) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(14)(a)

[^key-aef93a39aef19bc6a8e9233a84991a02]: Words in Sch. 22 para. 19(2) substituted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(8)

[^key-b0a907626fe29ddf6af5bc21f0be27cd]: Words in s. 44(2) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), s. 70

[^key-b1c5b6b342ce34d2fbc4e78135f25ba1]: S. 123(12) repealed (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 8 para. 132(n) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^key-b6151eb4440b9a374d8b466711bca305]: Table in Sch. 24 Pt. 1 inserted (11.7.2018) by The Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018 (S.I. 2018/737), regs. 1, 3

[^key-b682b18c94bdbf94937c204611fb5487]: Words in Sch. 18 para. 58(1) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(18)(b)

[^key-b71755ae2a6bde81bcf06800e64855b2]: Sch. 18 para. 8A inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(3)

[^key-bbcce16f3c25c41fc87f9b5d3d225d4c]: Sch. 22 para. 1 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-c03d64f9a33910017aac822a66067154]: Words in heading before Sch. 18 para. 9 inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(4)

[^key-c0bb14917d536d994f9e2439d4670df4]: Words in s. 182(2) inserted (31.12.2020) by The Taxes (State Aid) (Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1499), regs. 1, 6(3)

[^key-c0c7dd8017c7c81e7998fbf5da56f58d]: S. 6(17)-(19) omitted (6.4.2018) by virtue of The Scottish Rates of Income Tax (Consequential Amendments) Order 2018 (S.I. 2018/459), arts. 1(2), 7(2)

[^key-c10c7042d41682908335a9dfc1574e27]: Words in Sch. 24 Pt. 1 inserted (6.2.2018) by The Video Games Tax Relief (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018 (S.I. 2018/28), regs. 1, 3

[^key-c1382250fe152ddd639263df1eb26bc4]: Sch. 22 para. 5 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-c204c280c4d202e298a5aaa48f1c8f73]: Sch. 20 para. 18 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-c44dbf690f55fbeeb86d1198b9c26d12]: Sch. 4 para. 4(1)(b) modified (6.4.2023) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2023 (S.I. 2023/113), regs. 1(2), 40, 41 (with reg. 1(3))

[^key-c45b365623da78b429bca81262a15967]: Word in Sch. 18 para. 17(3)(b) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(b)

[^key-c4ca55d00e0cca47d0fcff97b659e1bf]: Word in Sch. 18 para. 17(5)(a) substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(11)(b)

[^key-c82b43a5a6f42e86fa5d12a815e46b85]: Sch. 20 para. 4 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-c863b19b0b9a2ca772f21e753e7476ef]: Sch. 18 para. 55(8A) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(17)

[^key-c8853ace0440ae54fb23d40a77302f4c]: Sch. 22 para. 2(5A) inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(2)(c)

[^key-cb0149968758ee4ca485929e8f7f7ef9]: Sch. 20 para. 8 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-cc2816897f22038f911d8c1986e7286e]: Sch. 20 para. 6 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-cf629d745c669ebed577bd81350d46a1]: Words in Sch. 18 para. 10 heading substituted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(7)

[^key-cfe8028a4a474fbae2880eb05883bb0d]: Sch. 20 para. 11 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-d06469aa256927cc917f80ac83384147]: Sch. 22 para. 2 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-d2410d8ea3de29f9bda90764f603b9c2]: Sch. 18 para. 4(2) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(2)(c)

[^key-d2b4ddd0c5770d5d10e24c791774947d]: Sch. 20 para. 10 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-d5b39e4893f2fac46dff64bbda4f0984]: Words in Sch. 18 para. 58(1) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(18)(a)

[^key-d6f8d54c7603889bcd4f22968080b910]: S. 179(1) in force at 6.12.2016 for the purposes of the amendment made by that subsection for specified purposes by S.I. 2016/1171, reg. 2(1)

[^key-d7f370c087f352681f9a9bbc641bfed7]: Sch. 21 para. 2(4) in force at 1.4.2017 in so far as not already in force and with effect in accordance with reg. 2 of the commencing S.I. by S.I. 2017/259, reg. 2

[^key-d95cb320da733229eb1112efbcbbe873]: Words in Sch. 24 Pt. 1 inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(b) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 19

[^key-d985b023c4f3206c70bf8d35e5fa6ef8]: Sch. 18 para. 32(1)(d) inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(14)(a)

[^key-daeb7d5a0348f67fc057895f1e51901b]: Sch. 20 para. 14 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-dd49967566ac0f628c445c61ce81b2b6]: Sch. 20 para. 22 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-ddda59e23638853725da8706a1e36f38]: S. 164 in force at 1.4.2017 for the purposes of the amendments made by that section by S.I. 2017/261, reg. 2

[^key-e4f8d66fc501a27fc8a76ebf1b9655e6]: Sch. 22 para. 17 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-e6dddaa7d36d276c321b3d8cfe337af3]: Sch. 21 para. 4 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2

[^key-e89760204b8799fc07b8879c49e1ee84]: Sch. 21 para. 2(4) in force at 8.3.2017 for specified purposes by S.I. 2017/259, reg. 3

[^key-ed34df9bb0295ff3daa3e7929e3244e7]: Words in Sch. 18 para. 28 heading inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(12)

[^key-f0d014bac44c46c9df29ed0f8e212795]: Sch. 20 para. 1 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-f187b5154654a202985a6df10505abfb]: Sch. 20 para. 15 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-f3d765c72cf38c49c3012430dbb9b41c]: Sch. 22 para. 18 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^key-fcc851dda810a5c2fa5c10e45be40eac]: Sch. 20 para. 2 in force at 1.1.2017 by S.I. 2016/1249, reg. 2

[^key-fe904f17a1b30f1ca5634a62716be1d4]: Sch. 22 para. 20 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)

[^M_F_1ce4bc51-0697-493d-9172-14d8745f4904]: Words in Sch. 18 para. 5(4)(c) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(a)(ii) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_F_22b327b0-7947-4843-e0b7-a89eb205c344]: Sch. 18 para. 38(8)(b) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(c)(i) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_F_2a4cb827-23db-49d8-a7a3-b899fe014d2a]: Sch. 22 para. 6A inserted (with effect in accordance with Sch. 18 paras. 2-13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 18 para. 28(6)

[^M_F_460cc9eb-d755-463d-d702-9123a82fc2e2]: Words in Sch. 4 para. 3 inserted (6.4.2023 for the tax year 2023-24 and subsequent tax years) by Finance (No. 2) Act 2023 (c. 30), s. 23(7)(8)

[^M_F_53a64b58-64cd-4e04-ae82-3156e9e96505]: Words in Sch. 18 para. 38(8)(c) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(c)(ii) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_F_61a4fcab-b6bd-43b6-db33-49dbffe79ded]: Words in s. 79(10) substituted (retrospectively) by Finance (No. 2) Act 2017 (c. 32), s. 39(3)(4)

[^M_F_91cac09d-4282-4284-93fe-76daf444d0f8]: Sch. 18 para. 5(4)(b) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(a)(i) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_F_cb52c908-1948-42ce-b27a-563a82a34544]: Sch. 18 para. 6(2)(b) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(b)(i) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_F_d3fffa1d-ee28-40ef-e9b6-81acc6a63e66]: Words in Sch. 18 para. 6(2)(c) omitted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (2018 c. 22), s. 57(3), Sch. 8 para. 121(b)(ii) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

[^M_P_266ea151-9be8-4580-a2ef-6f5203f563f9]: S. 6(24): 30.11.2016 appointed for the purposes of the amendments made by this section and those amendments have effect in relation to tax year 2017-18 and subsequent tax years by virtue of S.I. 2016/1161, regs. 2, 3

[^M_F_a3804192-7a52-45ec-9a63-7a6995f1a719]: Words in Sch. 18 para. 4(2) inserted (10.12.2021 for specified purposes, 1.4.2022 in so far as not already in force and with effect in accordance with s. 85(1)(b) of the amending Act) by Finance Act 2021 (c. 26), s. 85(1)(a), Sch. 15 para. 13; S.I. 2021/1409, regs. 3, 4

[^key-79553d2e40bd7da2473789dd6eaffc95]: Pt. 12 omitted (11.7.2023) by virtue of Finance (No. 2) Act 2023 (c. 30), s. 347(7)

[^key-b144cb2e533958c492803471db147997]: Sch. 25 omitted (11.7.2023) by virtue of Finance (No. 2) Act 2023 (c. 30), s. 347(7)

[^key-b135bd7492a78ec9ff9f0a53e046362b]: Words in Sch. 4 heading substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(2), 124 (with Sch. 9 paras. 125-132)

[^key-ed64ede115b3ecd0f1768e39f3589b95]: S. 167(3) omitted (6.4.2024 for specified purposes) by virtue of Finance Act 2021 (c. 26), s. 118(2), Sch. 27 para. 46; S.I. 2024/440, reg. 2

[^key-219cdf94d03da26494a84336ab31314f]: S. 167(4) omitted (6.4.2024 for specified purposes) by virtue of Finance Act 2021 (c. 26), s. 118(2), Sch. 27 para. 46; S.I. 2024/440, reg. 2

[^key-c04a26f153faf644173a5e76b6789463]: Words in Sch. 4 para. 2(b) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(3)(b), 124 (with Sch. 9 paras. 125-132)

[^key-df26f77297a94b0da77d5ee7bc50fe2b]: Words in Sch. 4 para. 9(1)(c) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(4)(a), 124 (with Sch. 9 paras. 125-132)