Finance Act 2022

February 28, 2022

Открыть оригинал документа Полный текст документа

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="part-1"><num>PART

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-income-tax-charge-rates-etc"><heading>Income tax charge, rates etc</heading><section eId="section-1"><n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>Income tax charge for tax year 2022-23</heading><content>Income tax is charged for the tax year 2022-23.</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Main rates of income tax for tax year 2022-23</heading><intro>For the tax year 2022-23 the main rates of income tax are as follows—</intro><level class="para1" eId="section-2-a"><num>(a)</nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-a"><num>(a)</num><content>the basic rate is 20%,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-b"><num>(b)</num><content>the higher rate is 40%, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-c"><num>(c)</num><content>the additional rate is 45%.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3"><num>3</num><heading>Default and savings rates of income tax for tax year 2022-23</heading><subsection eId="section-3-1"><num>(1)</num><intro>For the tax year 2022-23 the default rates of income tax are as follows—<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><intro>For the tax year 2022-23 the default rates of income tax are as follows—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the default basic rate is 20%,</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-1-a"><num>(a)</num><content>the default basic rate is 20%,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-1-b"><num>(b)</num><content>the default higher rate is 40%, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-1-c"><num>(c)</num><content>the default additional rate is 45%.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-2"><num>(2)</num><intro>For the tax year 2022-23 the savings rates of income tax are as follows—</intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content>the savings basic rate is 20%,</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-a"><num>(a)</num><content>the savings basic rate is 20%,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-b"><num>(b)</num><content>the savings higher rate is 40%, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-c"><num>(c)</num><content>the savings additional rate is 45%.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4"><num>4</num><heading>Increase in rates of tax on dividend income</heading><subsection eId="section-4-1"><num>(1)</num><intro>In section 8 of ITA 2007 (which provides, among other things, for the dividend ordinary ra

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><intro>In section 8 of ITA 2007 (which provides, among other things, for the dividend ordinary rate, dividend upper rate and dividend additional rate)—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-a"><num>(a)</num><content><mod>in subsection (1) (the dividend ordinary rate), for “7.5%” substitute <quotedText>“8.75%”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-b"><num>(b)</num><content><mod>in subsection (2) (the dividend upper rate), for “32.5%” substitute <quotedText>“33.75%”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-c"><num>(c)</num><content><mod>in subsection (3) (the dividend additional rate), for “38.1%” substitute <quotedText>“39.35%”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-2"><num>(2)</num><content><mod>In section 9(2) of ITA 2007 (the dividend trust rate), for “38.1%” substitute <quotedText>“39.35%”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><content>The amendments made by this section have effect for the tax year 2022-23 and subsequent tax years.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5"><num>5</num><heading>Freezing starting rate limit for savings for tax year 2022-23</heading><subsection eId="section-5-1"><num>(1)</num><content>For the tax year 2022-23 the amount specified in section 12(3) of ITA

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><content>For the tax year 2022-23 the amount specified in section 12(3) of ITA 2007 (the starting rate limit for savings) is “£5,000”.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-2"><num>(2)</num><content>Accordingly, section 21 of that Act (indexation) does not apply in relation to the starting rate limit for savings for that tax year.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-banking-surcharge"><heading>Banking surcharge</heading><section eId="section-6"><num>6</num><heading>Ra

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6"><num>6</num><heading>Rate of surcharge and surcharge allowance</heading><subsection eId="section-6-1"><num>(1)</num><content><mod>In section 269DA(1) of CTA 2010 (surcharge on banking companies), for “8%” substitute

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><content><mod>In section 269DA(1) of CTA 2010 (surcharge on banking companies), for “8%” substitute <quotedText>“3%”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-2"><num>(2)</num><intro><mod>In each of the following provisions of Part 7A of CTA 2010 (which make provision in relation to the surcharge allowance), for “£25,000,000” substitute <quotedText>“£100,000,000”</quote

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-2-a"><num>(a)</num><content>section 269DE(3) and (4),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-2-b"><num>(b)</num><content>section 269DF(2) and (3), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-2-c"><num>(c)</num><content>section 269DJ(3).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-3"><num>(3)</num><content>The amendments made by this section have effect for accounting periods beginning on or after 1 April 2023.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-4"><num>(4)</num><content>The remaining provisions of this section deal with a case where a company has an accounting period (a “straddling period”) beginning before 1 April 2023 and ending on or after that date.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-5"><num>(5)</num><intro>For the purpose of calculating—</intro><level class="para1" eId="section-6-5-a"><num>(a)</num><content>the amount of surcharge chargeable on a company for the straddling period, and<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-a"><num>(a)</num><content>the amount of surcharge chargeable on a company for the straddling period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-b"><num>(b)</num><content>the sum chargeable on a company at step 5 in section 371BC(1) of TIOPA 2010 (and see, in particular, section 371BI of that Act) for the straddling period,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-6"><num>(6)</num><content>If it is necessary to apportion an amount for the straddling period to the two separate accounting periods, see section 1172 of CTA 2010 (which applies as a result of section 269DL of CTA

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-trading-and-property-income"><heading>Tradi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7"><num>7</num><heading>Abolition of basis periods</heading><content>Schedule 1 makes provision for and in connection with the abolition of basis periods under Chapter 15 of Part 2 of ITTOIA 2005.</content></sectio

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8"><num>8</num><heading>Profits of property businesses: late accounting date rules</heading><sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-1"><num>(1)</num><content>Chapter 3 of Part 3 of ITTOIA 2005 (profits of property businesses: basic rules) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8-2"><num>(2)</num><intro>In section 275 (apportionment etc of profits to tax year)—</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-2-a"><num>(a)</num><content><mod>in subsection (1), for “This section applies” substitute <quotedText>“This section and sections <ref href="#d25e426">275A</ref> to <ref href="#d25e539">275C</ref> apply”</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-8-2-b"><num>(b)</num><content><mod>at the end insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8-3"><num>(3)</num><content><mod>After section 275 insert—<quotedStructure startQuote="&#x

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-4"><num>(4)</num><content>The amendments made by this section have effect for the tax year 2023-24 and subsequent tax years.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9"><num>9</num><heading>Liability of scheme administrator for annual allowance charge</heading><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-1"><num>(1)</num><content>Part 4 of FA 2004 (pension schemes etc) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-2"><num>(2)</num><content><mod>In section 237B(5)(a) (liability of scheme administrator for annual allowance charge), for “not later than 31 July in the year following that in which the tax year ends” substitute <

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9-3"><num>(3)</num><content><mod>After that section insert—<quotedStructure startQuote="&#

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9-4"><num>(4)</num><intro>In section 254 (accounting for tax by scheme administrators)—</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-4-a"><num>(a)</num><content><mod>in subsection (7A), for the words from “the pe

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-4-b"><num>(b)</num><content><mod>after that subsection insert—<quotedStructure

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-4-c"><num>(c)</num><intro>in subsection (7B)—</intro><level class="para2" eId="section-9-4-c-i"><num>(i)</num><content>omit “But”, and</content></level><level class="para2" eId="section-9-4-c-i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-4-c-ii"><num>(ii)</num><content><mod>after “(7A)” insert <quotedText>“or (7AA)”</quotedText>.</mod></content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10"><num>10</num><heading>Increase of normal minimum pension age</heading><subsection eId="secti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content>Part 4 of FA 2004 (pension schemes etc) is amended in accordance with subsections <ref href="#section-10-2">(2)</ref> to <ref href="#section-10-6">(6)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-2"><num>(2)</num><content><mod>In section 279(1) (other definitions), for the definitio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-3"><num>(3)</num><content><mod>In that section, after subsection (3) insert—<quotedStru

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-4"><num>(4)</num><intro>In Schedule 36 (pension schemes etc: transitional provisions and savings), in paragraph 21 (member’s protected pension age applies instead of normal minimum pension age)—</intro><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-a"><num>(a)</num><content><mod>in sub-paragraph (1), for “or 23” substitute <quotedText>“, 23 or <ref href="#d25e1021">23ZB</ref>”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-b"><num>(b)</num><content><mod>in sub-paragraph (2), for “and 23(8)” substitute <quotedText>“, 23(8) and <ref href="#d25e1156">23ZB(7)</ref>”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-5"><num>(5)</num><content><mod>In that Schedule, after paragraph 23ZA insert—<quotedStr

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-6"><num>(6)</num><intro>In that Schedule—</intro><level class="para1" eId="section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-10-6-a"><num>(a)</num><content><mod>before paragraph 22 insert—<quotedStructure s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-6-b"><num>(b)</num><content><mod>in paragraph 23ZA(2), in the words before paragraph (a), after “This Part” insert <quotedText>“of this Act”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-7"><num>(7)</num><content><mod>In section 308C(9) of ITEPA 2003 (provision of pensions

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11"><num>11</num><heading>Public service pension schemes: rectification of unlawful discrimination</heading><subsection eId="section-11-1"><num>(1)</num><content>The Treasury may by regulations made by statutory instru

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-1"><num>(1)</num><content>The Treasury may by regulations made by statutory instrument make provision of the kind mentioned in subsection <ref href="#section-11-2">(2)</ref> in consequence of, or otherwise in con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-2"><num>(2)</num><content>The provision referred to in subsection <ref href="#section-11-1">(1)</ref> is provision modifying any relevant tax enactment in its application in relation to a relevant person.</co

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-3"><num>(3)</num><intro>In subsection <ref href="#section-11-2">(2)</ref>—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-tax-enactment" eId="term-relevant-tax-enactment">relev

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>References to voting power</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-2-paragraph-7-1"><num>(1)</num><content>Referenc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-levy" eId="term-the-levy">the levy</term>” means the economic crime (anti-money laundering) levy (see section 53<ref href="#section-53-1">(1)</ref>);</content></hcontaine

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-1-paragraph-21-1"><num>(1)</num><content>Section 783AI (partial relief: alternative calculation of trade profits) is amended as follows.<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-38" class="schProv1"><num>38</num><content>ITA 2007 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-57" class="schProv1"><num>57</num><subparagraph eId="schedule-2-paragraph-57-1"><num>(1)</num><content>HMRC may require that any information required to be given to HMRC by virtue of this Schedule is to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-2" class="schProv1"><num>2</num><content><mod>For section 39 of FA 2008 (dorma

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-6-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-6-paragraph-5-1"><num>(1)</num><content>The Treasury may by regulations make provision for the purposes of any provision of the Income Tax Acts

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-7-paragraph-4-1"><num>(1)</num><intro>This Part of this Schedule allows—</intro><level class="para1" eId="schedule-7-paragraph-4-1-a"><num>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-7-paragraph-9-1"><num>(1)</num><content>If a claimant company makes a claim under paragraph <ref href="#schedule-7-paragraph-8">8</ref>, the re

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-7-paragraph-16-1"><num>(1)</num><content>This paragraph applies in relation to the surrendering company’s surrenderable amounts for a surrend

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-21" class="schProv1"><num>21</num><intro>For the purposes of this Schedule, two companies are part of the same “relief group” if—</intro><level class="para1" eId="schedule-7-paragraph-21-a"><num>(a)<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-7-paragraph-21-a"><num>(a)</num><content>one is the 75% subsidiary of the other, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-7-paragraph-21-b"><num>(b)</num><content>both are 75% subsidiaries of a third company.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-10-paragraph-3-1"><num>(1)</num><content>To determine the adjusted value of a

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-13-paragraph-2-1"><num>(1)</num><intro>The further penalty payable under paragraph <ref href="#schedule-13-paragraph-1-2">1(2)</ref> is—</

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-5" class="schProv1"><num>5</num><intro>Subject to the provisions of this Schedule, the following provisions of TMA 1970 apply for the purposes of this Part of this Schedule as they apply for the purpose

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-5-a"><num>(a)</num><content>section 108 (responsibility of company officers);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-5-b"><num>(b)</num><content>section 114 (want of form);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-5-c"><num>(c)</num><content>section 115 (delivery and service of documents).</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-13-paragraph-8-1"><num>(1)</num><content>Expressions used in Part 5 of FA 2014 have the same meaning in this Schedule as in that Part, unless

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-39" class="schProv1"><num>39</num><content>In section 24A (limit on Step 2 deductions), omit subsection (7)(c).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-5" class="schProv1"><num>5</num><intro>In this Part of this Schedule, in relation to an adjusted trading loss that a company has for an accounting period—</intro><hcontainer name="definition"><conten

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-40" class="schProv1"><num>40</num><content>In section 60 (overview of Chapter), in subsection (3), omit paragraph (b) and the “and” before it.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-6" class="schProv1"><num>6</num><content>In this Part of this Schedule, “<term refersTo="#term-company" eId="term-company">company</term>” means any body corporate.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-41" class="schProv1"><num>41</num><content>Omit sections 61 and 62 (losses of a tax year of persons carrying on trades etc).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-42" class="schProv1"><num>42</num><subparagraph eId="schedule-1-paragraph-42-1"><num>(1)</num><content>Section 66 (restriction on relief unless trade is commercial) is amended as follows.</content></

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-1-paragraph-43-1"><num>(1)</num><content>Section 70 (determining losses in previous tax years) is amended as follows.</content></subparag

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-44" class="schProv1"><num>44</num><intro>In section 74 (restrictions on relief unless trade is commercial etc), in subsection (2)—</intro><level class="para1" eId="schedule-1-paragraph-44-a"><num>(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-44-a"><num>(a)</num><content>in the words before paragraph (a), omit “the basis period for”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-44-b"><num>(b)</num><content><mod>in paragraph (b), for “basis period” substitute <quotedText>“tax year”</quotedText>.</mod></content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-45" class="schProv1"><num>45</num><subparagraph eId="schedule-1-paragraph-45-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-1-paragraph-46-1"><num>(1)</num><content>Section 75 (trade leasing allowances given to individuals) is amended as follows.</content></sub

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-47" class="schProv1"><num>47</num><content><mod>In section 83 (carry forward against subsequent trade profits), in subsection (6)(f), for “sections 17(3) and 852(7)” substitute <quotedText>“section 17(3)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-48" class="schProv1"><num>48</num><subparagraph eId="schedule-1-paragraph-48-1"><num>(1)</num><content>Section 90 (losses that are “terminal losses”) is amended as follows.</content></subparagraph><s

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-49" class="schProv1"><num>49</num><subparagraph eId="schedule-1-paragraph-49-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-50" class="schProv1"><num>50</num><content>In section 104 (restriction on reliefs for limited partners), in subsection (4), in the words after paragraph (b), omit “the basis period for”.</content></p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-51" class="schProv1"><num>51</num><content>In section 107 (restriction on reliefs for members of LLPs), in subsection (5), in the words after paragraph (b), omit “the basis period for”.</content></pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-52" class="schProv1"><num>52</num><content>In section 110 (restriction on reliefs for non-active partners in early tax years), in subsection (4), in the words after paragraph (b), omit “the basis period

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-53" class="schProv1"><num>53</num><content>In section 113 (unrelieved losses brought forward), in subsection (7), omit paragraph (b) and the “and” before it.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-54" class="schProv1"><num>54</num><subparagraph eId="schedule-1-paragraph-54-1"><num>(1)</num><content>Section 525 (meaning of “<term refersTo="#term-charitable-trade" eId="term-charitable-trade">charita

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-55" class="schProv1"><num>55</num><content>In section 528 (condition as to trading and miscellaneous incoming resources), in subsection (2)(a), omit “the basis period for”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-56" class="schProv1"><num>56</num><content>In section 544 (section 543: supplementary), omit subsection (4).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-57" class="schProv1"><num>57</num><content>In section 681AD (relevant income tax relief: deduction not to exceed commercial rent), in subsection (2)(a)(ii), omit “the basis period of”.</content></par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-58" class="schProv1"><num>58</num><content>In section 681CC (tax deduction not to exceed commercial rent), in subsection (2)(a)(ii), omit “the basis period of”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-59" class="schProv1"><num>59</num><subparagraph eId="schedule-1-paragraph-59-1"><num>(1)</num><content>Section 795 (meaning of “<term refersTo="#term-post-1-december-2004-loss" eId="term-post-1-december-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-28" class="schProv1"><num>28</num><content>In section 867 (business entertainment and gifts: non-trades and non-property businesses), in subsection (5), omit “(but as if the reference to a basis period w

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-60" class="schProv1"><num>60</num><content>In TIOPA 2010, omit sections 22 to 24 (credit for foreign tax on overlap profit if credit for that tax already allowed).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>This Part of this Schedule (after this paragraph) sets out the conditions that must be met for a compan

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-2-paragraph-4-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-2-paragraph-7-1"><num>(1)</num><content>References to “voting power” in paragraphs <ref href="#schedule-2-paragraph-3">3</ref> to <ref href="#s

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><intro>The following persons are relevant qualifying investors—</intro><level class="para1" eId="schedule-2-paragraph-10-a"><num>(a)</num><intro>a person acting i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-a"><num>(a)</num><intro>a person acting in the course of a long-term insurance business (that is, the activity of effecting or carrying out contracts of long-term insurance within the meanin

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-10-a-i"><num>(i)</num><content>is authorised under FISMA 2000 to carry on such business, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-10-a-ii"><num>(ii)</num><content>has an equivalent authorisation under the law of a territory outside the United Kingdom to carry on such business;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-b"><num>(b)</num><content>a person who cannot be liable for corporation tax or income tax (as relevant) on the ground of sovereign immunity;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-d"><num>(d)</num><content>a person who is resident in a territory outside the United Kingdom in accordance with the law of that territory relating to taxation and is the equivalent of a UK R

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-e"><num>(e)</num><content>a company that is a collective investment vehicle for the purposes of Schedule 5AAA to TCGA 1992 as a result of any of paragraphs (d), (e) or (f) of paragraph 1(1)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-f"><num>(f)</num><content>the trustee or manager of a pension scheme (within the meaning given by section 150(1) of FA 2004) other than an investment-regulated pension scheme (within the mea

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-10-g"><num>(g)</num><intro>a charity, unless—</intro><level class="para2" eId="schedule-2-paragraph-10-g-i"><num>(i)</num><intro>the main source of donations to that charity is—</int

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-10-g-i"><num>(i)</num><intro>the main source of donations to that charity is—</intro><level class="para3" eId="schedule-2-paragraph-10-g-i-a"><num>(a)</num><content>individuals involved

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para3" eId="schedule-2-paragraph-10-g-i-a"><num>(a)</num><content>individuals involved in the management of the company in respect of which the charity would otherwise be a relevant qualifying investor, and</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para3" eId="schedule-2-paragraph-10-g-i-b"><num>(b)</num><content>persons connected (within the meaning of section 1122 of CTA 2010 (“connected” persons)) with such individuals, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-10-g-ii"><num>(ii)</num><content>the charity is controlled (within the meaning of section 450 of that Act) by such individuals or persons.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-2-paragraph-13-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-40" class="schProv1"><num>40</num><subparagraph eId="schedule-2-paragraph-40-1"><num>(1)</num><intro>For the purposes of section 147(1) of TIOPA 2010 (basic pre-condition), where the affected persons are

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-2-paragraph-43-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-2-paragraph-43-2">(2)</ref> applies where—</intro><level class=

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-7-paragraph-2-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-7-paragraph-2-2">(2)</ref> applies if—</intro><level class="para1"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Anti-avoidance</heading><paragraph eId="schedule-10-paragraph-36" class="schProv1"><num>36</num><subparagraph eId="schedule-10-paragraph-36-1"><num>(1)</num><intro>This paragraph ap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-interest-in-land" eId="term-interest-in-land">interest in land</term>”, in relation to an RP developer, has the meaning given by section 36;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content>This Part of this Schedule provides that if a company makes an adjusted trading l

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-33" class="schProv1"><num>33</num><subparagraph eId="schedule-2-paragraph-33-1"><num>(1)</num><intro>This paragraph applies to a disposal by a company to a QAHC of any of the following at a time when the

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-36" class="schProv1"><num>36</num><subparagraph eId="schedule-2-paragraph-36-1"><num>(1)</num><intro>This paragraph applies where—</intro><level class="para1" eId="schedule-2-paragraph-36-1-a"><num>(

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-53" class="schProv1"><num>53</num><subparagraph eId="schedule-2-paragraph-53-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-3-paragraph-3-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-3-paragraph-6-1"><num>(1)</num><content>The amendments made by paragraphs <ref href="#schedule-3-paragraph-2">2</ref> to <ref href="#schedule-3

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content>This Part of this Schedule provides that if a company makes an adjusted trading loss in an accounting period the company is to be given relief from RPDT in a subs

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-7-paragraph-8-1"><num>(1)</num><content>This paragraph applies in relation to the surrendering company’s surrenderable amounts for the surrende

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-11" class="schProv1"><num>11</num><content>Sections 154 and 155A to 156 of CTA 2010 (arrangements for transfer of member of group of companies etc) apply for the purposes of this Part of this Schedule as

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-77" class="schProv1"><num>77</num><intro>This Part of this Schedule applies in relation to a partner in a firm who—</intro><level class="para1" eId="schedule-1-paragraph-77-a"><num>(a)</num><content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-77-a"><num>(a)</num><content>is treated, in accordance with sections 854 to 855A of ITTOIA 2005, as carrying on a notional business in the tax year 2023-24, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-77-b"><num>(b)</num><content>is not treated as having started or permanently ceased to carry on the notional business in that tax year.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-80" class="schProv1"><num>80</num><subparagraph eId="schedule-1-paragraph-80-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-1-paragraph-80-2">(2)</ref> applies where—</intro><level class=

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content>If a QAHC decides that an entry notification is to cease to be in force in relation to it, it may ma

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-2-paragraph-28-1"><num>(1)</num><intro>A wind-down period applies to a breach of the ownership condition in relation to a QAHC where—</in

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-2-paragraph-31-1"><num>(1)</num><intro>For the purposes of corporation tax, when a QAHC ceases to be a QAHC—</intro><level class="para1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-34" class="schProv1"><num>34</num><subparagraph eId="schedule-2-paragraph-34-1"><num>(1)</num><intro>Where—</intro><level class="para1" eId="schedule-2-paragraph-34-1-a"><num>(a)</num><content>A Q

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-2-paragraph-39-1"><num>(1)</num><content>Section 349 of CTA 2009 (application of amortised cost basis to connected companies relationships) d

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-54" class="schProv1"><num>54</num><subparagraph eId="schedule-2-paragraph-54-1"><num>(1)</num><intro>A transfer to a QAHC of its own shares or own loan capital is exempt from all stamp duties if—</in

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-1" class="schProv1"><num>1</num><content><mod>For section 26A of TCGA 1992 (tr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-6-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-6-paragraph-4-1"><num>(1)</num><intro>An amount is exempt from income tax and capital gains tax if and to the extent that—</intro><level cl

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-19" class="schProv1"><num>19</num><subparagraph eId="schedule-7-paragraph-19-1"><num>(1)</num><intro>This paragraph applies if—</intro><level class="para1" eId="schedule-7-paragraph-19-1-a"><num>(a)<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-22" class="schProv1"><num>22</num><intro>For the purposes of this Schedule, references to an RP developer’s “adjusted trading loss” for an accounting period include—</intro><level class="para1" eId="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-7-paragraph-22-a"><num>(a)</num><content>any amount by which joint venture losses that are attributable to that RP developer for period in accordance with section 40 exceed any adjusted trading profits tha

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-7-paragraph-22-b"><num>(b)</num><intro>the sum of—</intro><level class="para2" eId="schedule-7-paragraph-22-b-i"><num>(i)</num><content>any adjusted trading losses that the RP developer has for that

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-7-paragraph-22-b-i"><num>(i)</num><content>any adjusted trading losses that the RP developer has for that period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-7-paragraph-22-b-ii"><num>(ii)</num><content>any joint venture losses that are attributable to the RP developer for that period in accordance with section 40.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-10-paragraph-8-1"><num>(1)</num><intro>A person liable to tax as a result of paragraph <ref href="#schedule-10-paragraph-1">1</ref> must make

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-10-paragraph-11-1"><num>(1)</num><content>A person who makes a return under paragraph <ref href="#schedule-10-paragraph-8">8</ref> or <ref h

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-10-paragraph-14-1"><num>(1)</num><content>The enquiry is completed when an officer of Revenue and Customs informs the taxpayer by notice (“<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-17" class="schProv1"><num>17</num><intro>Paragraphs 2 to 5 of Schedule 3ZA to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-10-paragraph-17-a"><num>(a)</num><content>the reference in paragraph 2(1) of that Schedule to section 9ZA of that Act were to paragraph <ref href="#schedule-10-paragraph-11-1">11(1)</ref> of this Schedule,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-10-paragraph-17-b"><num>(b)</num><intro>in paragraph 2(3) of that Schedule—</intro><level class="para2" eId="schedule-10-paragraph-17-b-i"><num>(i)</num><content>the reference to section 9B(3) of th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-10-paragraph-17-b-i"><num>(i)</num><content>the reference to section 9B(3) of that Act were to paragraph <ref href="#schedule-10-paragraph-15-3">15(3)</ref> of this Schedule,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-10-paragraph-17-b-ii"><num>(ii)</num><content>the reference to section 9B(3)(a)(i) of that Act were to paragraph <ref href="#schedule-10-paragraph-15-4-a">15(4)(a)</ref> of this Schedule, and</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-10-paragraph-17-b-iii"><num>(iii)</num><content>the reference to section 9B(3)(b) of that Act were to paragraph <ref href="#schedule-10-paragraph-15-5">15(5)</ref> of this Schedule,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-10-paragraph-17-c"><num>(c)</num><intro>in paragraph 2(4) of that Schedule—<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-10-paragraph-17-c-i"><num>(i)</num><content><mod>in paragraph (a), for “partial or final closure notice” there were substituted <quotedText>“closure notice”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-10-paragraph-17-c-ii"><num>(ii)</num><content><mod>for paragraph (b) there were

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-10-paragraph-17-d"><num>(d)</num><content>the reference in paragraph 3(1) of that Schedule to section 9ZB of that Act were to paragraph <ref href="#schedule-10-paragraph-11-3">11(3)</ref> of this Schedule,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-10-paragraph-17-e"><num>(e)</num><content>the reference in paragraph 4(1) of that Schedule to section 9C of that Act were to paragraph <ref href="#schedule-10-paragraph-16">16</ref> of this Schedule, and</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-10-paragraph-17-f"><num>(f)</num><content>the reference in paragraph 5(1) of that Schedule to section 28A of that Act were to paragraph <ref href="#schedule-10-paragraph-14">14</ref> of this Schedule.<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-10-paragraph-20-1"><num>(1)</num><content>The normal rule is that an assessment of a person to tax (other than a self-assessment) may be mad

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-23" class="schProv1"><num>23</num><content><mod>Part 6 of TMA 1970 applies to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-10-pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-29" class="schProv1"><num>29</num><content>Sections 101 to 103 of FA 2009 (interest) come into force on 6 April 2021 in relation to amounts payable or paid to Her Majesty‘s Revenue and Customs as a resu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-32" class="schProv1"><num>32</num><subparagraph eId="schedule-10-paragraph-32-1"><num>(1)</num><content>Her Majesty’s Revenue and Customs may disclose information about a person they consider liable to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-35" class="schProv1"><num>35</num><subparagraph eId="schedule-10-paragraph-35-1"><num>(1)</num><intro>The Treasury may by regulations make such provision as the Treasury consider appropriate—</intro

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-12-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-12-paragraph-4-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-7" class="schProv1"><num>7</num><intro>In Schedule 9 (secondary liability and assessment notices and joint and several liability notices), in paragraph 21 (interpretation: related businesses), in paragr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-7-a"><num>(a)</num><content><mod>for “unincorporated association” substitute <quotedText>“unincorporated body (other than a partnership)”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-7-b"><num>(b)</num><content><mod>for “the association” substitute <quotedText>“the body”</quotedText>.</mod></content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-17-paragraph-28-1"><num>(1)</num><content>Regulations under this Schedule are to be made by statutory instrument.</content></subparagrap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-scheme-regulations" eId="term-scheme-regulations">scheme regulations</term>” means scheme regulations within the meaning of PSPA 2013 or PSPA(NI) 2014.</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-7-paragraph-3-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-7-paragraph-3-2">(2)</ref> applies if—</intro><level class="para1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><intro>An amount which is, as a result of section 40<ref href="#section-40-5">(5)</ref> or paragraph <ref href="#schedule-7-paragraph-19">19</ref> of Schedule 7, not to be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-2-a"><num>(a)</num><content>is also not to be taken into account in calculating profits or losses for the corporation tax purposes, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-2-b"><num>(b)</num><content>is not to be regarded for those purposes as a distribution.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-36" class="schProv1"><num>36</num><subparagraph eId="schedule-10-paragraph-36-1"><num>(1)</num><intro>This paragraph applies to arrangements if the main purpose, or one of the main purposes of the arran

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-39" class="schProv1"><num>39</num><content>The Provisional Collection of Taxes Act 1968 has effect as if section 1(1) of that Act (temporary statutory effect of House of Commons resolutions affecting li

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-42" class="schProv1"><num>42</num><subparagraph eId="schedule-10-paragraph-42-1"><num>(1)</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-adjust

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-13-paragraph-3-1"><num>(1)</num><content>Where a person is liable for a penalty under paragraph <ref href="#schedule-13-paragraph-1-2">1(2)</r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-13-paragraph-6-1"><num>(1)</num><content>Schedule 36 to FA 2008 (information and inspection powers) applies for the purpose of checking a rele

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-14-paragraph-17-1"><num>(1)</num><content>Schedule 36 to FA 2008 (information and inspection powers) applies for a relevant purpose in relat

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-investigatory-powers-legislation" eId="term-the-investigatory-powers-legislation">the investigatory powers legislation</term>” means Parts 1 to 7 and Chapter 1 of Part 9 of t

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-62" class="schProv1"><num>62</num><subparagraph eId="schedule-1-paragraph-62-1"><num>(1)</num><intro>This Part of this Schedule applies in relation to a person (“the trader”) who—</intro><level class

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-65" class="schProv1"><num>65</num><subparagraph eId="schedule-1-paragraph-65-1"><num>(1)</num><intro>Chapter 15 of Part 2 of ITTOIA 2005 (basis periods) applies as if—</intro><level class="para1" eId

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-68" class="schProv1"><num>68</num><intro>References in this Part of this Schedule to a “deduction for overlap profit allowed under this Part of this Schedule” are to—</intro><level class="para1" eId=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-68-a"><num>(a)</num><content>any deduction for overlap profit that would be allowed under section 205 of ITTOIA 2005 (deduction for overlap profit in final tax year), were the trader to have pe

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-68-b"><num>(b)</num><content>any deduction for overlap profit allowed under section 220 of that Act (deduction for overlap profit on change of accounting date) for a tax year before the tax yea

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-71" class="schProv1"><num>71</num><subparagraph eId="schedule-1-paragraph-71-1"><num>(1)</num><intro>This paragraph applies if, by virtue of a deduction for overlap profit allowed and made under this Par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-74" class="schProv1"><num>74</num><content>No amount of the transition profits for the tax year 2023-24 treated as arising and chargeable to income tax in a tax year (see Step 5 of the calculation in par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-79" class="schProv1"><num>79</num><subparagraph eId="schedule-1-paragraph-79-1"><num>(1)</num><content>In calculating the profits of the notional business of the tax year 2023-24 for the purposes of Part

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-79-a"><num>(a)</num><content>ignore section 220 of that Act,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-79-b"><num>(b)</num><content>make any deduction for overlap profit that would be allowed under section 205 of that Act (deduction for overlap profit in final tax year), were the partner treated

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-79-c"><num>(c)</num><content>make any deduction for overlap profit allowed under section 220 of that Act (deduction for overlap profit on change of accounting date) for a tax year before the ta

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-2-paragraph-5-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-2-paragraph-8-1"><num>(1)</num><intro>The following are category A investors—</intro><level class="para1" eId="schedule-2-paragraph-8-1-a">

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-2-paragraph-11-1"><num>(1)</num><intro>For the purposes of this Part of this Schedule, a company is an “intermediate company” if—</intro>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-paragraph-16-1"><num>(1)</num><content>Sub-paragraph <ref href="#schedule-2-paragraph-16-4">(4)</ref> applies in relation to a company that

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><intro>Where—</intro><level class="para1" eId="schedule-2-paragraph-19-a"><num>(a)</num><content>a chargeable gain (the “relevant gain”) accrues to a company on a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-19-a"><num>(a)</num><content>a chargeable gain (the “relevant gain”) accrues to a company on a deemed sale of qualifying shares as a result of paragraph <ref href="#schedule-2-paragraph-17-2">1

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-19-b"><num>(b)</num><content>the value of those shares reflects the value of an asset in respect of which a chargeable gain (“the underlying gain”) accrues, or would accrue if paragraph <ref hr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-2-paragraph-22-2">(2)</ref> applies to an asset held by a QAHC outs

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-2-paragraph-27-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-2-paragraph-27-2">(2)</ref> applies to a breach by a QAHC of the ac

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><subparagraph eId="schedule-2-paragraph-30-1"><num>(1)</num><intro>For the purposes of determining whether the ownership condition is breached, a transfer of relevant in

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-35" class="schProv1"><num><noteRef href="#key-4a1e31d02ca9b1e5e437e6e449dd0ac3" u

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-38" class="schProv1"><num>38</num><subparagraph eId="schedule-2-paragraph-38-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-41" class="schProv1"><num>41</num><subparagraph eId="schedule-2-paragraph-41-1"><num>(1)</num><content>Section 166(1) of TIOPA 2010 (exemption for small and medium-sized enterprises from basic transfer p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-2-paragraph-46-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-49" class="schProv1"><num>49</num><intro>Section 684 of ITA 2007 (person liable to counteraction of income tax advantage) does not apply to a person if—</intro><level class="para1" eId="schedule-2-pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-49-a"><num>(a)</num><content>that section would (ignoring this paragraph) only apply to the person as a result of the person being a party to a transaction in securities, or two or more transac

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-49-b"><num>(b)</num><content>the securities are not qualifying employment-related securities (within the meaning given by paragraph <ref href="#schedule-2-paragraph-47-3">47(3)</ref>) in relati

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-7-paragraph-7-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-7-paragraph-7-2">(2)</ref> applies if—</intro><level class="para1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-7-paragraph-10-1"><num>(1)</num><content>Paragraph <ref href="#schedule-7-paragraph-9-2">9(2)</ref> is subject to the limitation in sections

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-17-paragraph-8-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-17-paragraph-8-2">(2)</ref> applies if—</intro><level class="par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-17-paragraph-11-1"><num>(1)</num><content>This paragraph and paragraphs <ref href="#schedule-17-paragraph-12">12</ref> to <ref href="#schedu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-17-paragraph-14-1"><num>(1)</num><content>The value of a tax advantage is the additional amount due or payable in respect of tax if the unce

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-17-paragraph-17-1"><num>(1)</num><intro>For the purposes of the threshold test in paragraph <ref href="#schedule-17-paragraph-11-2">11(2)</r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-17-paragraph-22-1"><num>(1)</num><content>Liability to a penalty under paragraph <ref href="#schedule-17-paragraph-20">20</ref> does not ari

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-17-paragraph-25-1"><num>(1)</num><intro>A penalty under paragraph <ref href="#schedule-17-paragraph-20">20</ref> must be paid—</intro><l

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-30" class="schProv1"><num>30</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-charge-to-corporation-tax-on-income" eId="term-the-charge-to-co

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-surrender-period" eId="term-surrender-period">surrender period</term>” means an accounting period for which the surrendering company has the loss;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>Omit Chapter 15 (basis periods).</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-money-laundering-regulations" eId="term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-25" class="schProv1"><num>25</num><content>Omit sections 852 to 856 (firms with trading income).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-7-paragraph-15-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-7-paragraph-15-2">(2)</ref> applies if—</intro><level class="pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-7-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-7-paragraph-18-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><intro>Chapters 1 and 3 to 6 (read in accordance with Chapters 2 and 8) of Part 4 of TIOPA 2010 (transfer pricing) apply to provision made or imposed as between an RP deve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-3-a"><num>(a)</num><content>those activities were carried on by two different persons,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-3-b"><num>(b)</num><content>the provision were made or imposed between those persons by means of a transaction, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-3-c"><num>(c)</num><content>the two persons were both controlled by the same person at the time of the making or imposition of the provision.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-10-paragraph-4-1"><num>(1)</num><content>This paragraph applies to any company, other than a company that is subject to special measures, that

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-10-paragraph-7-1"><num>(1)</num><content>This paragraph applies to a person who is liable to tax as a result of paragraph <ref href="#schedule

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-26" class="schProv1"><num>26</num><content><mod>In section 857 (partners to whom the remittance basis applies), in subsection (2), for “856” substitute <quotedText>“851”</quotedText>.</mod></content>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-27" class="schProv1"><num>27</num><content><mod>In section 860 (adjustment income), in subsection (7), for “856” substitute <quotedText>“851”</quotedText>.</mod></content></paragraph>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-4"><num>(4)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-11-4-a"><num>(a)</num><content>make retrospective provision;</content></level><level class="para1" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-4-a"><num>(a)</num><content>make retrospective provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-4-b"><num>(b)</num><content>make different provision for different cases;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-4-c"><num>(c)</num><content>make consequential, incidental or supplemental provision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-5"><num>(5)</num><content>A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-6"><num>(6)</num><intro>In this section “<term refersTo="#term-the-discrimination-rectification-provisions" eId="term-the-discrimination-rectification-provisions">the discrimination rectification provisions</term

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-6-a"><num>(a)</num><content>Chapters 1 to 3 of Part 1 of PSPJOA 2022 and any provision made under those Chapters,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-6-b"><num>(b)</num><content>any provision made under Chapter 4 of that Part of that Act, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-6-c"><num>(c)</num><intro>any provision contained in scheme regulations that is made—</intro><level class="para2" eId="section-11-6-c-i"><num>(i)</num><content>under provision contained in Part 1

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-6-c-i"><num>(i)</num><content>under provision contained in Part 1 of PSPJOA 2022, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-6-c-ii"><num>(ii)</num><content>under section 3(2)(c) of PSPA 2013 or section 3(2)(c) of PSPA(NI) 2014 (consequential etc provision in relation to Part 1 of PSPJOA 2022).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-7"><num>(7)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-modifying" eId="term-modifying">modifying</term>” includes disapplying or supplementing;</c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Special reduction</heading><paragraph eId="schedule-14-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-14-paragraph-10-1"><num>(1)</num><content>If HMRC thin

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><content>In section 31A (conditions to be met for profits to be calculated on cash basis), in subsection (5)(a), omit “the basis period for”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-63" class="schProv1"><num>63</num><subparagraph eId="schedule-1-paragraph-63-1"><num>(1)</num><content>Chapter 15 of Part 2 of ITTOIA 2005 (basis periods) applies as if sections 208 to 210 of that Act (r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content>In calculating profits or losses for corporation tax purposes, no deduction is allowed in respect of RPDT.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><intro>Chapters 1 and 3 to 6 (read in accordance with Chapters 2 and 8) of Part 4 of TIOPA 2010 apply to provisi

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-13-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-13-paragraph-1-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-13-paragraph-4-1"><num>(1)</num><intro>A person may appeal against—</intro><level class="para1" eId="schedule-13-paragraph-4-1-a"><num>(a)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-7" class="schProv1"><num>7</num><content>A is liable to a further penalty under paragraph <ref href="#schedule-13-paragraph-1-2">1(2)</ref> only where the original penalties imposed on A relate only to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-2" class="schProv1"><num>2</num><content>A person who makes an electronic sales suppression tool (including modifying a tool that is not an electronic sales suppression tool so that it becomes an electr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-14-paragraph-5-1"><num>(1)</num><content>The amount of a penalty to which a person is liable under paragraph <ref href="#schedule-14-paragraph

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-14-paragraph-10-1"><num>(1)</num><content>If HMRC think it right because of special circumstances, they may reduce an electronic sales suppr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-14-paragraph-13-1"><num>(1)</num><intro>An electronic sales suppression penalty must be paid—</intro><level class="para1" eId="schedule-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-16" class="schProv1"><num>16</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-hmrc" eId="term-hmrc">HMRC</term>” means Her Majesty’s Revenue and

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-17-paragraph-10-1"><num>(1)</num><content>For the purposes of this Part, an amount brought into account by a company or partnership for the

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-17-paragraph-13-1"><num>(1)</num><intro>For the purposes of this Part, a company or partnership obtains a tax advantage in relation to VAT i

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-17-paragraph-16-1"><num>(1)</num><intro>For the purposes of the threshold test in paragraph <ref href="#schedule-17-paragraph-11-2">11(2)</r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-19" class="schProv1"><num>19</num><intro>A company is not required by paragraph <ref href="#schedule-17-paragraph-8-2">8(2)</ref> to notify HMRC about an uncertain amount included in a relevant return i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-19-a"><num>(a)</num><content>the relevant tax for the purposes of which the amount is brought into account is corporation tax,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-19-b"><num>(b)</num><content>the amount relates to a transaction between the company and one or more other companies at a time when all of the companies are members of the same group (see para

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-19-c"><num>(c)</num><content>the net effect of the transaction is that the value of the tax advantages (if any) that would be obtained by the group, taken as a whole, does not exceed the sum f

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><content>Section 31B (relevant maximum for purposes of section 31A) is amended as follows.</content></subpar

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-6" class="schProv1"><num><noteRef href="#M_F_6e7bf0c7-47cb-4f73-9252-6d64675647ee

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7"><heading>Amendments of FA 1998</heading><paragraph eId="schedule-8-p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-3-paragraph-4-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-8-paragraph-2-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-14-paragraph-4-1"><num>(1)</num><content>A person is liable to a penalty for each occasion on which the person promotes the use of a tool to s

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-14-paragraph-7-1"><num>(1)</num><intro>This paragraph applies if—</intro><level class="para1" eId="schedule-14-paragraph-7-1-a"><num>(a)</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-pspjoa-2022" eId="term-pspjoa-2022">PSPJOA 2022</term>” means the Public Service Pensions and Judicial Offices Act 2022;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-hmrc" eId="term-hmrc">HMRC</term>” means Her Majesty’s Revenue and Customs;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-37" class="schProv1"><num>37</num><content>Chapters 3 to 3B of Part 10 of CTA 2010 (charge to tax in case of loan to participator etc) apply to a QAHC that is not a close company as if the QAHC were a cl

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-42" class="schProv1"><num>42</num><subparagraph eId="schedule-2-paragraph-42-1"><num>(1)</num><intro>Sub-paragraph <ref href="#schedule-2-paragraph-42-2">(2)</ref> applies where—</intro><level class=

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-45" class="schProv1"><num>45</num><subparagraph eId="schedule-2-paragraph-45-1"><num>(1)</num><content>For the purposes of subsection (2) of section 259CB of TIOPA 2010 (hybrid or otherwise impermissible

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-48" class="schProv1"><num>48</num><subparagraph eId="schedule-2-paragraph-48-1"><num>(1)</num><intro>Where a QAHC has breached the ownership condition and a cure period applies to the breach, paragraph <

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-51" class="schProv1"><num>51</num><subparagraph eId="schedule-2-paragraph-51-1"><num>(1)</num><content>Section 409(2) of CTA 2009 (postponement until redemption of debits for close companies’ deeply disc

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-58" class="schProv1"><num>58</num><subparagraph eId="schedule-2-paragraph-58-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>In the Taxes (Amendments) (EU Exit) Regulations 2019, omit regulation 17(2), (3) and (4).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-6-paragraph-3-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-6-paragraph-6" class="schProv1"><num>6</num><content>This Schedule comes into force on such day as the Treasury may by regulations appoint.</content></paragraph>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-12"><num><del class="first" ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-1"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(1)</del></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-2"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(2)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-a"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-b"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-c"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-d"><num><del ukl:ChangeId="key-9cc70ae91a8e11698310941d97ba4599-1697550203223" ukl:CommentaryRef="key-9cc70ae91a8e11698310941d97ba4599">(d)

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13"><num>13</num><heading>Structures and buildings allowances: allowance statements</heading><su

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-1"><num>(1)</num><intro>In section 270IA(4) of CAA 2001 (definition of “allowance state

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-a"><num>(a)</num><content><mod>in paragraph (b), for “purchase, and” substitute <quotedText>“acquisition,”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-13-1-b"><num>(b)</num><content><mod>after paragraph (c) insert <quotedText startQ

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-2"><num>(2)</num><intro>The amendments made by this section have effect in relation to cases in which qualifying expenditure—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>is incu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-a"><num>(a)</num><content>is incurred on the construction or acquisition of the building or structure on or after the day on which this Act is passed, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-b"><num>(b)</num><content>in reliance on section 270BB(3) of CAA 2001, is treated as being so incurred on or after that day for the purposes of Part 2A of that Act.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-reliefs-for-investments"><heading>Reliefs for investments</heading><section eId="section-14"><num>14</n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14"><num>14</num><heading>Qualifying asset holding companies</heading><subsection eId="section-14-1"><num>(1)</num><content>Schedule 2 makes provision in order to facilitate the use of certain companies that carry on a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-1"><num>(1)</num><content>Schedule 2 makes provision in order to facilitate the use of certain companies that carry on an investment business by investment funds and other entities to hold investments for the pur

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-2"><num>(2)</num><content>Those companies are referred to in that Schedule as “qualifying asset holding companies” or “QAHCs”.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15"><num>15</num><heading>Real Estate Investment Trusts</heading><intro>Schedule 3 makes changes to Part 12 of CTA 2010 in relation to—</intro><level class="para1" eId="section-15-a"><num>(a)</num><content>the c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-a"><num>(a)</num><content>the conditions for companies in relation to UK REITs in section 528 and 528A of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-b"><num>(b)</num><content>the requirement to prepare financial statements under section 532 of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-c"><num>(c)</num><content>the balance of business test in section 531 of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-d"><num>(d)</num><content>the meaning of “holder of excessive rights” in section 553 of that Act.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-16"><num>16</num><heading>Film tax relief: films produced to be television programmes</heading><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-1"><num>(1)</num><content>Part 15 of CTA 2009 (film production) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-16-2"><num>(2)</num><intro>In section 1195 (availability and overview of film tax relief)—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2-a"><num>(a)</num><intro>in subsection (2)—</intro><level class="para2" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-16-2-a-i"><num>(i)</num><content>omit paragraph (a), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-16-2-a-ii"><num>(ii)</num><content><mod>after that paragraph insert—<quotedStruct

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2-b"><num>(b)</num><intro>in subsection (3A)—</intro><level class="para2"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-16-2-b-i"><num>(i)</num><content>omit “or” at the end of paragraph (a), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-16-2-b-ii"><num>(ii)</num><content><mod>at the end insert <quotedText startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-3"><num>(3)</num><content>Omit section 1196 (intended theatrical release).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-16-4"><num>(4)</num><content><mod>After that section insert—<quotedStructure startQuote="&

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-5"><num>(5)</num><content>The amendments made by this section have effect in relation to accounting periods ending on or after 1 April 2022, subject to subsection <ref href="#section-16-6">(6)</ref>.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-6"><num>(6)</num><intro>The amendments made by this section do not have effect in relation to a film in relation to which film-making activities are carried on before 1 April 2022 if—</intro><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-6-a"><num>(a)</num><content>the principal photography of the film is completed before that date, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-6-b"><num>(b)</num><content>film tax relief is not available in connection with the film for an accounting period ending before that date by virtue of section 1196(5) of CTA 2009 (films not intended for

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-17"><num>17</num><heading>Temporary increase in theatre tax credit</heading><subsection eId="sec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><intro>This section applies where—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>a company’s activities in relation to a theatrical production are treated for cor

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-a"><num>(a)</num><content>a company’s activities in relation to a theatrical production are treated for corporation tax purposes as a trade separate from any other activities of the company by virtue o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-b"><num>(b)</num><content>the production phase for the theatrical production begins on or after 27 October 2021.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-17-2"><num>(2)</num><intro>In relation to the separate theatrical trade and an accounting

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-2-a"><num>(a)</num><content><mod>in paragraph (a), for “25%” there were substituted <quotedText>“50%”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-2-b"><num>(b)</num><content><mod>in paragraph (b), for “20%” there were substituted <quotedText>“45%”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17-3"><num><noteRef href="#key-4971eaefd8c3cc0ad0c95382d6038d9a" uk:name="commentary" ukl:Nam

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-a"><num>(a)</num><content><mod>in paragraph (a), for “25%” there were substituted <quotedText>“35%”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-b"><num>(b)</num><content><mod>in paragraph (b), for “20%” there were substituted <quotedText>“30%”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-17-4"><num>(4)</num><intro>For the purposes of Part 15C of CTA 2009 (theatrical production

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-4-a"><num>(a)</num><content>so much of the straddling period as falls before the date in question, and so much of that period as falls on or after that date, are to be treated as separate accounting peri

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-4-b"><num>(b)</num><content>any amounts brought into account for the purposes of calculating for corporation tax purposes the profits of a trade for a straddling period are to be apportioned to the two s

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18"><num>18</num><heading>Theatrical productions tax relief</heading><subsection eId="section-18

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><content>Part 15C of CTA 2009 (theatrical productions tax relief) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-2"><num>(2)</num><intro>In section 1217FA (meaning of “<term refersTo="#term-theatrical

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-18-2-a"><num>(a)</num><intro>in subsection (2)—</intro><level class="para2" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-2-a-i"><num>(i)</num><content><mod>in the words before paragraph (a), for “other” substitute <quotedText>“relevant”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-18-2-a-ii"><num>(ii)</num><content><mod>after paragraph (b) (but before the “and”

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-b"><num>(b)</num><content>in subsection (3), omit “also”, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-18-2-c"><num>(c)</num><content><mod>after subsection (3) insert—<quotedStructure

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-3"><num>(3)</num><content><mod>In section 1217FB(1) (productions not regarded as theatr

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-4"><num>(4)</num><content><mod>In section 1217GA (the commercial purpose condition), af

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-5"><num>(5)</num><content><mod>In section 1217GC (meaning of “<term refersTo="#term-cor

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-6"><num>(6)</num><content>The amendments made by this section have effect in relation to a theatrical production only where the production phase begins on or after 1 April 2022.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-19"><num>19</num><heading>Temporary increase in orchestra tax credit</heading><subsection eId="s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-1"><num>(1)</num><intro>This section applies where—</intro><level class="para1" eId="section-19-1-a"><num>(a)</num><content>a company’s activities in relation to a concert, or a series of concerts, are tre

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-1-a"><num>(a)</num><content>a company’s activities in relation to a concert, or a series of concerts, are treated for corporation tax purposes as a trade separate from any other activities of the company

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-1-b"><num>(b)</num><content>the production process for the concert, or series of concerts, starts on or after 27 October 2021.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-19-2"><num>(2)</num><content><mod>In relation to the separate orchestral trade and an acco

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-19-3"><num><noteRef href="#key-b08c0df108e2debc61f0f3a0e8931e95" uk:name="commentary" ukl:Nam

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-19-4"><num>(4)</num><intro>For the purposes of Part 15D of CTA 2009 (orchestra tax relief)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-4-a"><num>(a)</num><content>so much of the straddling period as falls before the date in question, and so much of that period as falls on or after that date, are to be treated as separate accounting peri

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-4-b"><num>(b)</num><content>any amounts brought into account for the purposes of calculating for corporation tax purposes the profits of a trade for a straddling period are to be apportioned to the two s

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-20"><num>20</num><heading>Orchestra tax relief</heading><subsection eId="section-20-1"><num>(1)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-1"><num>(1)</num><content>Part 15D of CTA 2009 (orchestra tax relief) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-20-2"><num>(2)</num><content><mod>In section 1217PA(2) (meaning of “<term refersTo="#term-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-20-3"><num>(3)</num><content><mod>In section 1217RA (companies qualifying for orchestra ta

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-20-4"><num>(4)</num><content><mod>In section 1217RC (meaning of “<term refersTo="#term-cor

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-5"><num>(5)</num><content>The amendments made by this section have effect in relation to a concert or series of concerts only where the production process starts on or after 1 April 2022.</content></subsectio

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-21"><num>21</num><heading>Temporary increase in museums and galleries exhibition tax credit</hea

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-1"><num>(1)</num><intro>This section applies where—</intro><level class="para1" eId="section-21-1-a"><num>(a)</num><content>a company’s activities in relation to the production of an exhibition are treated

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-a"><num>(a)</num><content>a company’s activities in relation to the production of an exhibition are treated for corporation tax purposes as a trade separate from any other activities of the company by

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-b"><num>(b)</num><content>the production stage for the exhibition begins on or after 27 October 2021.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-21-2"><num>(2)</num><intro>In relation to the separate exhibition trade and an accounting

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-a"><num>(a)</num><content><mod>in paragraph (a), for “25%” there were substituted <quotedText>“50%”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-b"><num>(b)</num><content><mod>in paragraph (b), for “20%” there were substituted <quotedText>“45%”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-21-3"><num><noteRef href="#key-841b621872616888a7f9fc82aebf96a5" uk:name="commentary" ukl:Nam

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-3-a"><num>(a)</num><content><mod>in paragraph (a), for “25%” there were substituted <quotedText>“35%”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-3-b"><num>(b)</num><content><mod>in paragraph (b), for “20%” there were substituted <quotedText>“30%”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-21-4"><num>(4)</num><intro>For the purposes of Part 15E of CTA 2009 (museums and galleries

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-4-a"><num>(a)</num><content>so much of the straddling period as falls before the date in question, and so much of that period as falls on or after that date, are to be treated as separate accounting peri

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-4-b"><num>(b)</num><content>any amounts brought into account for the purposes of calculating for corporation tax purposes the profits of a trade for a straddling period are to be apportioned to the two s

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22"><num>22</num><heading>Museums and galleries exhibition tax relief</heading><subsection eId="

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-1"><num>(1)</num><content>Part 15E of CTA 2009 (museums and galleries exhibition tax relief) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-2"><num>(2)</num><intro>In section 1218ZAA (meaning of “<term refersTo="#term-exhibitio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-a"><num>(a)</num><content><mod>at the end of subsection (1) insert <quotedText>“(but see subsections (2) to (3A))”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-b"><num>(b)</num><content>in subsection (2), omit “But”, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-2-c"><num>(c)</num><content><mod>after subsection (3) insert—<quotedStructure

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-3"><num>(3)</num><content><mod>In section 1218ZAC(3)(b) (primary production company: responsibility for production of the exhibition at a venue), for “(at least) the first” substitute <quotedText>“one or more”</q

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-4"><num>(4)</num><content><mod>In section 1218ZCA (companies qualifying for museums and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-5"><num>(5)</num><content><mod>In section 1218ZCG(1)(c) of CTA 2009 (date before which qualifying expenditure must be incurred), for “2022” substitute <quotedText>“2024”</quotedText>.</mod></content></subsect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-6"><num>(6)</num><content>The amendments made by subsections <ref href="#section-22-2">(2)</ref> to <ref href="#section-22-4">(4)</ref> have effect in relation to an exhibition only where the production stage beg

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23"><num>23</num><heading>Returns for disposals of UK land etc</heading><subsection eId="section

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-1"><num>(1)</num><content>Schedule 2 to FA 2019 (returns for disposals of UK land etc) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-2"><num>(2)</num><content><mod>In paragraph 3(1)(b) (obligation to deliver a return on or before the 30th day following completion), for “30th” substitute <quotedText>“60th”</quotedText>.</mod></content></sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-3"><num>(3)</num><content><mod>In paragraph 7 (calculation of capital gains tax notiona

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-4"><num>(4)</num><content>The amendments made by this section have effect in relation to disposals which have a completion date on or after 27 October 2021.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24"><num>24</num><heading>Cross-border group relief</heading><subsection eId="section-24-1"><num>(1)</num><content>CTA 2010 is amended as follows.</content></subsection><subsection eId="section-24-2"><num>(2)</num>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-1"><num>(1)</num><content>CTA 2010 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-2"><num>(2)</num><intro>In section 107 (restriction on losses etc surrenderable by non-UK resident)—</intro><level class="para1" eId="section-24-2-a"><num>(a)</num><content>omit subsections (1A), (6A), (6B

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-a"><num>(a)</num><content>omit subsections (1A), (6A), (6B), (10) and (11);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-b"><num>(b)</num><content>in subsection (2) omit “In any other case,”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-c"><num>(c)</num><content>in subsection (7) omit “or (6B)”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-3"><num>(3)</num><content>In Part 5 (group relief), omit Chapter 3 (surrenders made by non-UK resident company resident or trading in the EEA).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-4"><num>(4)</num><intro>In section 188BI (restriction on surrender of losses made when non-UK resident)—</intro><level class="para1" eId="section-24-4-a"><num>(a)</num><content>omit subsections (2), (8), (

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-4-a"><num>(a)</num><content>omit subsections (2), (8), (9), (13) and (14);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-4-b"><num>(b)</num><content>in subsection (3) omit “In any other case,”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-4-c"><num>(c)</num><content>in subsection (10) omit “or (9)”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-5"><num>(5)</num><intro>In Schedule 4—</intro><level class="para1" eId="section-24-5-a"><num>(a)</num><content>Part 1 makes amendments consequential on this section, and</content></level><level class="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-5-a"><num>(a)</num><content>Part 1 makes amendments consequential on this section, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-5-b"><num>(b)</num><content>Part 2 makes provision as to commencement.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-25"><n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-1"><num>(1)</num><content>Schedule 22 to FA 2000 (tonnage tax) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-2"><num>(2)</num><intro>In paragraph 10 (when election may be made)—</intro><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-2-a"><num>(a)</num><content><mod>in sub-paragraph (2), at the end insert <quotedText>“, subject to sub-paragraph (3A)”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-2-b"><num>(b)</num><content><mod>in sub-paragraph (3), at the end insert <quotedText>“, subject to sub-paragraph (3A)”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-c"><num>(c)</num><content><mod>after sub-paragraph (3) insert—<quotedStructu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-3"><num>(3)</num><intro>In paragraph 13 (period for which election is in force)—</i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-3-a"><num>(a)</num><content><mod>in sub-paragraph (1), for “ten years” substitute <quotedText>“the relevant number of years”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-3-b"><num>(b)</num><content>in that sub-paragraph, omit the final sentence, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-c"><num>(c)</num><content><mod>after that sub-paragraph insert—<quotedStruct

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-4"><num>(4)</num><content><mod>In paragraph 15 (renewal election), for sub-paragraph (1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-5"><num>(5)</num><content><mod>After paragraph 15 insert—<quotedStructure startQuote="&

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-6"><num>(6)</num><content>In paragraph 19(3) (qualifying ships), omit paragraph (c).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-7"><num>(7)</num><content>Omit paragraphs 22A to 22F (flagging) (and the italic headings before each of those paragraphs).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-8"><num>(8)</num><content><mod>In paragraph 43A(1)(a) (requirement to prove compliance with safety etc standards), for “any relevant register (see paragraph 22B(6A))” substitute <quotedText>“the United Kingdom”</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-9"><num>(9)</num><content>In paragraph 49(2)(b) (relevant shipping income: distributions of overseas shipping companies), omit “, Gibraltar or a member State” in both places.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-25-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" class="para1" eId="se

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-10-b"><num>(b)</num><content>omit the entry for “relevant register”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-11"><num>(11)</num><content>The amendments made by this section come into force on 1 April 2022.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-12"><num>(12)</num><content>The amendment made by subsection <ref href="#section-25-9">(9)</ref> has effect for accounting periods beginning on or after 1 April 2022.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-26"><num>26</num><heading>Amendments of section 259GB of TIOPA 2010</heading><subsection eId="se

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-1"><num>(1)</num><content>Section 259GB of TIOPA 2010 (hybrid payee deduction/non-inclusion mismatches and their extent) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-2"><num>(2)</num><intro>In subsection (4A)—</intro><level class="para1" eId="section-26-2-a"><num>(a)</num><content><mod>in the words before paragraph (a), after “partnership” insert <quotedText>“or a rele

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-2-a"><num>(a)</num><content><mod>in the words before paragraph (a), after “partnership” insert <quotedText>“or a relevant transparent entity”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-2-b"><num>(b)</num><content><mod>in paragraph (a), after “partnership” insert <quotedText>“, or a member of the entity,”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-2-c"><num>(c)</num><intro>in paragraph (b)—</intro><level class="para2" eId="section-26-2-c-i"><num>(i)</num><content><mod>in sub-paragraph (i), after “partnership” insert <quotedText>“or entity”<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-2-c-i"><num>(i)</num><content><mod>in sub-paragraph (i), after “partnership” insert <quotedText>“or entity”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-2-c-ii"><num>(ii)</num><content><mod>in sub-paragraph (ii), after “partner”, in each place it occurs, insert <quotedText>“or member”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-26-3"><num>(3)</num><content><mod>After that subsection insert—<quotedStructure startQuote

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-4"><num>(4)</num><content><mod>In subsection (4B), for “subsection (4A)” substitute <quotedText>“subsections (4A) to <ref href="#d25e3051">(4AB)</ref> and <ref href="#d25e3091">(4C)</ref>”</quotedText>.</mod>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-26-5"><num>(5)</num><content><mod>After that subsection insert—<quotedStructure startQuote

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-6"><num>(6)</num><content>Section 259GB of TIOPA 2010 has effect, and is to be deemed always to have had effect, with the amendments made by this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-7"><num>(7)</num><intro>But that section has effect —</intro><level class="para1" eId="section-26-7-a"><num>(a)</num><content>in relation to payments made before the day on which this Act is passed, or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-7-a"><num>(a)</num><content>in relation to payments made before the day on which this Act is passed, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-7-b"><num>(b)</num><content>in relation to quasi-payments in relation to which the payment period had begun before that date,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-8"><num>(8)</num><intro>Those modifications are that subsections <ref href="#d25e3021">(4AA)</ref> and <ref href="#d25e3051">(4AB)</ref> of TIOPA 2010 (as inserted by subsection <ref href="#section-26-3">(3)</ref

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-a"><num>(a)</num><content>any reference in those subsections to a hybrid entity did not include a partnership (within the meaning given by section 259NE(4) of TIOPA 2010),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-b"><num>(b)</num><content>in paragraph <ref href="#d25e3030">(a)</ref> of subsection <ref href="#d25e3021">(4AA)</ref>, “a partnership or” were omitted, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-c"><num>(c)</num><intro>in paragraph <ref href="#d25e3057">(a)</ref> of subsection <ref href="#d25e3051">(4AB)</ref>—</intro><level class="para2" eId="section-26-8-c-i"><num>(i)</num><content>“e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-8-c-i"><num>(i)</num><content>“either a partnership or” were omitted, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-8-c-ii"><num>(ii)</num><content><mod>after “apply” there were inserted <quotedText>“in relation to any payee that is a relevant transparent entity”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-9"><num>(9)</num><content>A taxpayer may, in consequence of the amendments made by this section, make reasonable adjustments to claims, returns and elections made before the day on which this Act is passed.</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-10"><num>(10)</num><content>Any such adjustments must be made on or before 31 December 2022 but, subject to that, the time limits otherwise applicable to amending or withdrawing the claim, return or election in q

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27"><num>27</num><heading>Application of section 124 of TIOPA 2010 in relation to diverted profi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27-1"><num>(1)</num><content><mod>In Part 3 of FA 2015 (diverted profits tax) before secti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27-2"><num>(2)</num><content><mod>In section 124 of TIOPA 2010 (giving effect to solutions

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-3"><num>(3)</num><content>The amendments made by this section apply in relation to solutions arrived at, or mutual agreements made, by the Commissioners on or after 27 October 2021.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28"><num>28</num><heading>Diverted profits tax: closure notices etc</heading><subsection eId="se

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-1"><num>(1)</num><content>Part 3 of FA 2015 (diverted profits tax) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-2"><num>(2)</num><intro>In section 101A (amendment of CT return during review period: s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-a"><num>(a)</num><intro>in subsection (2) (amendment during first 12 months of review period)—</intro><level class="para2" eId="section-28-2-a-i"><num>(i)</num><content>omit “the first 12 months

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-2-a-i"><num>(i)</num><content>omit “the first 12 months of”, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-2-a-ii"><num>(ii)</num><content><mod>after “review period” insert <quotedText>“except the last 30 days of that period”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-2-b"><num>(b)</num><content><mod>after subsection (2) insert—<quotedStructure

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-3"><num>(3)</num><intro>In section 101B (amendment of CT return during review period: s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-3-a"><num>(a)</num><intro>in subsection (2) (amendment during first 12 months of review period)—</intro><level class="para2" eId="section-28-3-a-i"><num>(i)</num><content>omit “the first 12 months

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-3-a-i"><num>(i)</num><content>omit “the first 12 months of”, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-3-a-ii"><num>(ii)</num><content><mod>after “review period” insert <quotedText>“except the last 30 days of that period”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-3-b"><num>(b)</num><content><mod>after subsection (2) insert—<quotedStructure

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-4"><num>(4)</num><content><mod>After section 101B insert—<quotedStructure startQuote="&

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-5"><num>(5)</num><content>This section is treated as having come into force on 27 October 2021; and the new section 101C of FA 2015 inserted by subsection (4) has effect in relation to any relevant tribunal direc

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29"><num>29</num><heading>Insurance contracts: change in accounting standards</heading><content>Schedule 5 makes provision in connection with International Financial Reporting Standard 17 (insurance contracts) issued b

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30"><num>30</num><heading>Deductions allowance in connection with onerous or impaired leases</he

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-1"><num>(1)</num><content>Part 7ZA of CTA 2010 (restrictions on obtaining certain deductions) is amended in accordance with subsections <ref href="#section-30-2">(2)</ref> to <ref href="#section-30-15">(15)</ref>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-2"><num>(2)</num><content>Section 269ZX (increase of deductions allowance where provision for onerous lease reversed) is amended in accordance with subsections <ref href="#section-30-3">(3)</ref> to <ref href="#s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-3"><num>(3)</num><content><mod>In the heading, for “where provision for onerous lease reversed” substitute <quotedText>“in connection with onerous or impaired leases”</quotedText>.</mod></content></subsection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-4"><num>(4)</num><content><mod>In subsection (1)(a), for “relevant reversal credit (see section 269ZY)” substitute <quotedText>“relevant credit”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30-5"><num>(5)</num><content><mod>After subsection (1) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-6"><num>(6)</num><content><mod>In subsection (3)(a), for “relevant reversal credit” substitute <quotedText>“relevant credit (or, if there is more than one, the sum of the relevant credits)”</quotedText>.</mod></p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-7"><num>(7)</num><content>Section 269ZY (meaning of “<term refersTo="#term-relevant-reversal-credit" eId="term-relevant-reversal-credit">relevant reversal credit</term>”) is amended in accordance with subsections

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30-8"><num>(8)</num><content><mod>In subsection (1), for “a relevant onerous lease provisi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-9"><num>(9)</num><content><mod>In subsection (2)(b), for “accountancy” substitute <quotedText>“accounting”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30-10"><num>(10)</num><content><mod>After subsection (2) insert—<quotedStructure startQuot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-11"><num>(11)</num><intro>In subsection (3)—</intro><level class="para1" eId="section-30-11-a"><num>(a)</num><content><mod>after “provision” insert <quotedText>“or a relevant right-of-use asset impairment

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-11-a"><num>(a)</num><content><mod>after “provision” insert <quotedText>“or a relevant right-of-use asset impairment loss”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-11-b"><num>(b)</num><content><mod>in paragraph (a), for “accountancy” substitute <quotedText>“accounting”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-12"><num>(12)</num><content><mod>In subsection (5), after “provision” insert <quotedText>“or a relevant right-of-use asset impairment loss”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30-13"><num>(13)</num><content><mod>After subsection (9) insert—<quotedStructure startQuot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-30-14"><num>(14)</num><content><mod>After section 269ZY insert—<quotedStructure startQuote

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-15"><num>(15)</num><content><mod>In section 269ZZ(1)(b) (company tax return to specify amount of deductions allowance), for “where provision for onerous lease reversed” substitute <quotedText>“in connection with

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-16"><num>(16)</num><content><mod>In section 371SKA(3) of TIOPA 2010 (restrictions on certain deductions by controlled foreign companies: deductions allowances), for “where provision for onerous lease reversed” su

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-17"><num>(17)</num><content>The amendments made by this section have effect in relation to accounting periods beginning on or after 1 January 2019.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-18"><num>(18)</num><content>An amendment of a company tax return falling within subsection <ref href="#section-30-19">(19)</ref> may be made at any time before 1 January 2023.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-19"><num>(19)</num><intro>An amendment of a company tax return falls within this subsection to the extent that—</intro><level class="para1" eId="section-30-19-a"><num>(a)</num><content>the amendment is mad

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-19-a"><num>(a)</num><content>the amendment is made in consequence of the amendments of CTA 2010 made by this section, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-19-b"><num>(b)</num><content>the time limits otherwise applicable would require the amendment to be made (or to have been made) by a date falling before 1 January 2023.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-expanded-dormant-assets"><heading>Expanded dormant assets</heading><section eId="section-31"><num>31</n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31"><num>31</num><heading>Provision in connection with the Dormant Assets Act 2022</heading><content>Schedule 6 makes provision about the treatment of dormant assets in consequence of, or otherwise in connection with,

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="part-2"><num>PART 2</num><heading>Residential property developer tax</heading><hcontainer name="crossheading" ukl:Na

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-introduction"><heading>Introduction</heading><section eId="section-32"><num>32</num><heading>Introducti

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32"><num>32</num><heading>Introduction</heading><content>This Part provides for a tax (to be known as “<term refersTo="#term-residential-property-developer-tax" eId="term-residential-property-developer-tax">residential

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-charge-to-tax"><heading>Charge to tax</heading><section eId="section-33"><num>33</num><heading>Charge t

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33"><num>33</num><heading>Charge to RPDT</heading><subsection eId="section-33-1"><num>(1)</num><content>A sum equal to 4% of the residential property developer profits for an accounting period of a residential property

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><content>A sum equal to 4% of the residential property developer profits for an accounting period of a residential property developer, so far as exceeding the developer’s allowance for the period

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><content>The allowance for the period is to be determined in accordance with section 43.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-3"><num>(3)</num><content>In accordance with section 45, the charging of RPDT as if it were an amount of corporation tax is to be taken as applying all enactments applying generally to corporation tax.</conte

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-key-concepts"><heading>Key concepts</heading><sectio

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34"><num>34</num><heading>Meaning of “residential property developer”</heading><subsection eId="section-34-1"><num>(1)</num><intro>A company is a residential property developer (“RP developer”) for the purposes of this

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-1"><num>(1)</num><intro>A company is a residential property developer (“RP developer”) for the purposes of this Part if—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>the company

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-a"><num>(a)</num><content>the company carries on residential property development activities, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-b"><num>(b)</num><content>the company, or the company together with any other company which is a member of the same group as it, has or have a substantial interest in a relevant joint venture company.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-2"><num>(2)</num><content>See section 40 for the meaning of “relevant joint venture company” and the meaning of “substantial interest” in a relevant joint venture company.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-3"><num>(3)</num><content>A non-profit housing company is not an RP developer.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-4"><num>(4)</num><intro>A company is a “<term refersTo="#term-non-profit-housing-company" eId="term-non-profit-housing-company">non-profit housing company</term>” for the purposes of this Part if it is—</intr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-a"><num>(a)</num><content>a non-profit registered provider of social housing;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-b"><num>(b)</num><content>a registered social landlord under Part 1 of the Housing Act 1996 (registered social landlords in Wales);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-c"><num>(c)</num><content>a registered social landlord under Part 2 of the Housing (Scotland) Act <ref eId="c00002" href="http://www.legislation.gov.uk/id/asp/2010/17">2010 (asp 17)</ref>;</content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-d"><num>(d)</num><content>a registered housing association under Chapter 2 of Part 2 of the Housing (Northern Ireland) Order 1992 (<ref eId="c00003" href="http://www.legislation.gov.uk/id/nisi/1992/172

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-e"><num>(e)</num><content>a wholly owned subsidiary of a company within paragraphs <ref href="#section-34-4-a">(a)</ref> to <ref href="#section-34-4-d">(d)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-5"><num>(5)</num><content>The Treasury may by regulations make provision amending the definition of a non-profit housing company; and the regulations may make consequential provision amending this Part.</cont

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35"><num>35</num><heading>Meaning of “residential property development activities”</heading><subsection eId="section-35-1"><num>(1)</num><intro>Activities are residential property development activities (“RPD activitie

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><intro>Activities are residential property development activities (“RPD activities”) for the purposes of this Part if they are carried on by a company—</intro><level class="para1" eId="sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-1-a"><num>(a)</num><content>on, or in connection with, land in the United Kingdom in which the company has, or, where subsection <ref href="#section-35-3">(3)</ref> applies, had, an interest, and</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-1-b"><num>(b)</num><content>for the purposes of, or in connection with, the development of residential property.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-2"><num>(2)</num><intro>For the purposes of this Part activities that are carried on for the purposes of, or in connection with, the development of residential property include—</intro><level class="para1" eI

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-a"><num>(a)</num><content>dealing in residential property;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-b"><num>(b)</num><content>designing it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-c"><num>(c)</num><content>seeking planning permission in relation to it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-d"><num>(d)</num><content>constructing or adapting it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-e"><num>(e)</num><content>marketing it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-f"><num>(f)</num><content>managing it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-g"><num>(g)</num><content>any activities ancillary to any of these other activities.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-3"><num>(3)</num><intro>This subsection applies where—</intro><level class="para1" eId="section-35-3-a"><num>(a)</num><content>a company carries on activities within subsection <ref href="#section-35-2-b">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-a"><num>(a)</num><content>a company carries on activities within subsection <ref href="#section-35-2-b">(2)(b)</ref>, <ref href="#section-35-2-c">(c)</ref> or <ref href="#section-35-2-d">(d)</ref>, or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-b"><num>(b)</num><content>the activities were planned or anticipated at the time the company ceased to have the interest in the land, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-c"><num>(c)</num><content>the activities are not carried on solely in connection with areas of the land that do not constitute residential property.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36"><num>36</num><heading>Residential property development activities: “interest in land”</heading><subsection eId="section-36-1"><num>(1)</num><intro>A company has an interest in land for the purposes of this Part if—

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-1"><num>(1)</num><intro>A company has an interest in land for the purposes of this Part if—</intro><level class="para1" eId="section-36-1-a"><num>(a)</num><intro>the company or a related company has—</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-a"><num>(a)</num><intro>the company or a related company has—</intro><level class="para2" eId="section-36-1-a-i"><num>(i)</num><content>an estate, interest, right or power in or over the land, o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-36-1-a-i"><num>(i)</num><content>an estate, interest, right or power in or over the land, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-36-1-a-ii"><num>(ii)</num><content>the benefit of an obligation, restriction or condition affecting the value of an estate, interest, right or power in or over the land,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-b"><num>(b)</num><content>that estate, interest, right or power forms part of the company’s, or the related company’s, trading stock of a trade which includes the carrying on of activities for the purp

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-2"><num>(2)</num><intro>The following interests are “excluded interests”—</intro><level class="para1" eId="section-36-2-a"><num>(a)</num><content>any interest or right held for securing the payment of mone

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-2-a"><num>(a)</num><content>any interest or right held for securing the payment of money or the performance of any other obligation, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-2-b"><num>(b)</num><content>a licence to use or occupy land.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-3"><num>(3)</num><intro>But where a company (C) has an interest within subsection (2)(b), that interest is not an excluded interest if it is granted as a result of arrangements to which C or a related company is

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-a"><num>(a)</num><content>a person who is not party to the arrangements,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-c"><num>(c)</num><content>a company related to C.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-4"><num>(4)</num><intro>For the purposes of subsection <ref href="#section-36-3">(3)</ref>—</intro><level class="para1" eId="section-36-4-a"><num>(a)</num><content>“<term refersTo="#term-arrangements" eId=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-4-a"><num>(a)</num><content>“<term refersTo="#term-arrangements" eId="term-arrangements">arrangements</term>” includes any agreement, understanding, scheme, transaction or series of transactions (whether

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-4-b"><num>(b)</num><content>a conveyance by a person as nominee or bare trustee is to be treated as also being a conveyance by the person or persons for whom they are the nominee or trustee.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-5"><num>(5)</num><intro>For the purposes of this section, a company (A) is related to another company (B) if—</intro><level class="para1" eId="section-36-5-a"><num>(a)</num><content>A is a member of a grou

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-5-a"><num>(a)</num><content>A is a member of a group of which B is a member;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-5-b"><num>(b)</num><content>A is a relevant joint venture company and B, or B together with any other company which is a member of a group of which B is a member, has or have a substantial interest in A.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-6"><num>(6)</num><intro>In this section “<term refersTo="#term-trading-stock" eId="term-trading-stock">trading stock</term>”, in relation to a trade, means an estate, interest, right or power in or over land—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-6-a"><num>(a)</num><content>which is disposed of in the ordinary course of the trade, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-6-b"><num>(b)</num><content>which would be so disposed of on the completion of activities that are carried on for the purposes of, or in connection with, the development of residential property.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-7"><num>(7)</num><content>For the purposes of subsection (6), a licence falling within subsection <ref href="#section-36-3">(3)</ref> to use or occupy land is to be treated as being disposed of when an estate in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-8"><num>(8)</num><content>In this section, references to a disposal have the same meaning as in TCGA 1992 (see section 21 of that Act (assets and disposals)).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-9"><num>(9)</num><intro>If a relevant joint venture company is related to a company and is a member of a group, the relevant joint venture company is treated for the purposes of this section—</intro><level cl

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-9-a"><num>(a)</num><content>as having any asset which any other member of the group has, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-9-b"><num>(b)</num><content>as if anything done by or in relation to any other member of the group were done by or in relation to it.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37"><num>37</num><heading>Residential property development activities: “residential property”</heading><subsection eId="section-37-1"><num>(1)</num><intro>For the purposes of this Part “<term refersTo="#term-residentia

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-1"><num>(1)</num><intro>For the purposes of this Part “<term refersTo="#term-residential-property" eId="term-residential-property">residential property</term>” means—</intro><level class="para1" eId="section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-a"><num>(a)</num><content>a building or part of a building that is designed or adapted, or is in the process of being constructed or adapted, for use as a dwelling,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-b"><num>(b)</num><content>land that is or forms part of the garden or grounds of a building or part within paragraph <ref href="#section-37-1-a">(a)</ref> (including any building or structure on such l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-c"><num>(c)</num><content>an interest in or right over land that subsists for the benefit of a building or part within paragraph <ref href="#section-37-1-a">(a)</ref> or of land within paragraph <ref h

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-d"><num>(d)</num><content>land in respect of which planning permission is being sought or has been granted so that it, or a building or part of a building on, interest in or right over it, will fall wi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-2"><num>(2)</num><intro>A building is not within subsection (1)(a) if it is designed or adapted, or in the process of being constructed or adapted, for use primarily as—</intro><level class="para1" eId="secti

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-a"><num>(a)</num><content>a home or other institution providing residential accommodation for children;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-b"><num>(b)</num><content>a home or other institution providing residential accommodation with personal care for persons in need of personal care because of old age, disability, past or present depende

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-c"><num>(c)</num><content>residential accommodation for members of the armed forces;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-d"><num>(d)</num><content>residential accommodation for members of the emergency services or persons working in a hospital;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-e"><num>(e)</num><content>a hospital or hospice;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-f"><num>(f)</num><content>temporary sheltered accommodation;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-g"><num>(g)</num><content>a prison or similar establishment;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-h"><num>(h)</num><content>a hotel or inn or similar establishment;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-i"><num>(i)</num><content>a monastery, nunnery or similar establishment;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-2-j"><num>(j)</num><content>student accommodation.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-3"><num>(3)</num><content>For the purposes of subsection <ref href="#section-37-2-j">(2)(j)</ref> use primarily as “<term refersTo="#term-student-accommodation" eId="term-student-accommodation">student accommodat

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="section-38"><num>38</num><heading>Meaning of “residential property developer profits or losses”</heading><content>An RP developer’s residential property developer profits or l

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-profits-and-losses"><heading>Profits and losses</hea

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39"><num>39</num><heading>Adjusted trading profits and losses</heading><subsection eId="section-39-1"><num>(1)</num><content>For the purposes of this Part “adjusted trading profits” and “adjusted trading losses” mean t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-1"><num>(1)</num><content>For the purposes of this Part “adjusted trading profits” and “adjusted trading losses” mean the amounts that would be the RP developer’s trading profits or trading losses (as the case ma

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-2"><num>(2)</num><intro>The matters referred to in subsection <ref href="#section-39-1">(1)</ref> are—</intro><level class="para1" eId="section-39-2-a"><num>(a)</num><intro>so far as they are derived from

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-a"><num>(a)</num><intro>so far as they are derived from or related to activities other than RPD activities—</intro><level class="para2" eId="section-39-2-a-i"><num>(i)</num><content>profits and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-39-2-a-i"><num>(i)</num><content>profits and losses, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-39-2-a-ii"><num>(ii)</num><content>allowances or charges under CAA 2001;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-b"><num>(b)</num><content>profits of a charitable trade carried on by a charitable company (within the meanings of Part 11 of CTA 2010) so far as they are applied to the purposes of the charitable comp

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-c"><num>(c)</num><content>any amounts of loss relief, group relief or group relief for carried forward losses under Parts 4 to 5A of CTA 2010 that would otherwise be available to the RP developer;<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-d"><num>(d)</num><content>any credits or debits that would otherwise be brought into account in relation to loan relationships as a result of Part 5 of CTA 2009;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-e"><num>(e)</num><content>any credits or debits that would otherwise be brought into account in accordance with Part 7 of CTA 2009 (derivative contracts).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-3"><num>(3)</num><content>For the purposes of subsection <ref href="#section-39-2-a">(2)(a)</ref> an RP developer may apportion profits and losses, or amounts of allowances or charges, derived from or related to

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40"><num>40</num><heading>Attributable joint venture profits and losses</heading><subsection eId="section-40-1"><num>(1)</num><intro>For the purposes of section 38, the amount of any joint venture profits or losses att

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-1"><num>(1)</num><intro>For the purposes of section 38, the amount of any joint venture profits or losses attributable to an RP developer for an accounting period is determined in accordance with this section and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-1-a"><num>(a)</num><content>joint venture profits means the RPD profits of a relevant joint venture company so far as they fall below the joint venture company’s allowance for that period (and, according

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-1-b"><num>(b)</num><content>joint venture losses means the RPD losses of a relevant joint venture company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-2"><num>(2)</num><intro>A company (“<term refersTo="#term-c" eId="term-c">C</term>”) is a relevant joint venture company for the purposes of this Part if—</intro><level class="para1" eId="section-40-2-a"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-a"><num>(a)</num><content>C is an RP developer or a company which is a member of the same group as C is an RP developer,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-b"><num>(b)</num><content>C is not a 75% subsidiary of another company, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-c"><num>(c)</num><intro>there are five or fewer persons who between them—</intro><level class="para2" eId="section-40-2-c-i"><num>(i)</num><content>hold 75% or more of C’s ordinary share capital

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-40-2-c-i"><num>(i)</num><content>hold 75% or more of C’s ordinary share capital, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-40-2-c-ii"><num>(ii)</num><content>in a case where C does not have ordinary share capital, are beneficially entitled to 75% or more of C’s profits available for distribution to equity holders of C.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-3"><num>(3)</num><content>In determining whether there are five or fewer such persons as are mentioned in subsection <ref href="#section-40-2-c">(2)(c)</ref>, members of a group are treated as if they were a sing

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-4"><num>(4)</num><content>Joint venture profits or losses are attributable to an RP developer if the RP developer, or the RP developer together with any other company which is member of the same group as the RP d

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-5"><num>(5)</num><content>Joint venture losses are attributable to an RP developer only if the RP developer and the relevant joint venture company both so elect by notice to an officer of Revenue and Customs no l

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-6"><num>(6)</num><content>The amount that is attributable to the RP developer is an amount equal to the percentage of the joint venture company’s profits that are available for distribution to equity holders and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-7"><num>(7)</num><intro>If a relevant joint venture company’s accounting period does not coincide with the RP developer’s accounting period—</intro><level class="para1" eId="section-40-7-a"><num>(a)</num><con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-a"><num>(a)</num><content>for the purposes of subsection <ref href="#section-40-1-a">(1)(a)</ref>, the joint venture company’s allowance for a period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-b"><num>(b)</num><content>the amount of joint venture profits or losses allocated to the RP developer under subsection <ref href="#section-40-6">(6)</ref>,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-8"><num>(8)</num><content>Where a relevant joint venture company is a member of a group, the references in subsection <ref href="#section-40-1">(1)</ref> to the RPD profits or losses of the relevant joint venture

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-9"><num>(9)</num><content>For the purposes of subsection <ref href="#section-40-8">(8)</ref>, if the accounting period of a member of the group does not coincide with the relevant joint venture company’s accounti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-10"><num>(10)</num><content>Subsection <ref href="#section-40-11">(11)</ref> applies where joint venture company losses of a relevant joint venture company are attributed to an RP developer under this section.</p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-11"><num>(11)</num><intro>For the purposes of this Part—</intro><level class="para1" eId="section-40-11-a"><num>(a)</num><content>the amount that is available to be carried forward or surrendered by the re

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-11-a"><num>(a)</num><content>the amount that is available to be carried forward or surrendered by the relevant joint venture company under Schedule 7 is reduced by the amount that is attributed to the RP

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-11-b"><num>(b)</num><content>the amount that is available to be carried forward or surrendered by any other member of the same group under Schedule 7 is reduced by so much of the amount within paragraph

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-12"><num>(12)</num><intro>For the purposes of this Part a company or companies has or have “a substantial interest” in a relevant joint venture company (“the JV”) if—</intro><level class="para1" eId="section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-12-a"><num>(a)</num><content>the company or companies hold at least 10% of the ordinary share capital of the JV, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-12-b"><num>(b)</num><content>in a case where the JV does not have ordinary share capital, the company or companies are beneficially entitled to at least 10% of the profits of the JV that are available fo

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41"><num>41</num><heading>RPDT reliefs</heading><intro>In Schedule 7—</intro><level class="para1" eId="section-41-a"><num>(a)</num><content>Part 1 makes provision about RPDT loss relief for adjusted trading loss

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-a"><num>(a)</num><content>Part 1 makes provision about RPDT loss relief for adjusted trading losses;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-b"><num>(b)</num><content>Part 2 makes provision about RPDT group relief for adjusted trading losses;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-c"><num>(c)</num><content>Part 3 makes provision about RPDT group relief for carried-forward adjusted trading losses;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-d"><num>(d)</num><content>Part 4 makes supplementary provision in connection with Parts 2 and 3.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="section-42"><num>42</num><heading>Restrictions on RPDT reliefs</heading><subsection eId="section-42-1"><num>(1)</num><content>For the purposes of section 38, the amount that m

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-1"><num>(1)</num><content>For the purposes of section 38, the amount that may be deducted in respect of C and E for an accounting period may not exceed the relevant maximum.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-2"><num>(2)</num><content>In a case where the calculation of A+B in section 38 gives an amount in respect of the RP developer that is less than or equal to the RP developer’s allowance, the relevant maximum is th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="section-42-3"><num>(3)</num><content>In a case where the calculation of A+B in section 38 gives an amount in respect of the RP developer that is greater than the RP develop

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-4"><num>(4)</num><content>Subsection <ref href="#section-42-5">(5)</ref> applies where the effect of subsection <ref href="#section-42-3">(3)</ref> is to reduce the amount that would otherwise have been available

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-5"><num>(5)</num><intro>For the purposes of this Part the amount that is available to be carried forward under Schedule 7 is—</intro><level class="para1" eId="section-42-5-a"><num>(a)</num><content>where t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-5-a"><num>(a)</num><content>where the total amount is greater than the RP developer’s allowance for the accounting period, an amount equal to the total amount minus that allowance, or</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-5-b"><num>(b)</num><content>where the total amount is less than or equal to the RP developer’s allowance for the accounting period, £0.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-allowance"><heading>Allowance</heading><section eId=

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43"><num>43</num><heading>Allowance</heading><subsection eId="section-43-1"><num>(1)</num><intro>A company within the charge to corporation tax—</intro><level class="para1" eId="section-43-1-a"><num>(a)</num><conte

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-1"><num>(1)</num><intro>A company within the charge to corporation tax—</intro><level class="para1" eId="section-43-1-a"><num>(a)</num><content>is the allocating member of a group (“group G”) in respect of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-a"><num>(a)</num><content>is the allocating member of a group (“group G”) in respect of the allowance for an accounting period (“period A”) if it has been nominated to be the allocating member in accor

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-b"><num>(b)</num><content>if the company is an RP developer, may allocate some or all of the allowance for that period to itself.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-2"><num>(2)</num><intro>The allowance for period A to be allocated to members of group G is—</intro><level class="para1" eId="section-43-2-a"><num>(a)</num><content>where that period is 12 months, £25,000,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-2-a"><num>(a)</num><content>where that period is 12 months, £25,000,000, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-2-b"><num>(b)</num><content>where that period is less than 12 months, £25,000,000 reduced by a pro rata amount.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-3"><num>(3)</num><intro>Where—</intro><level class="para1" eId="section-43-3-a"><num>(a)</num><content>an RP developer is a member of group G for an accounting period (“period B”),</content></level><le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-3-a"><num>(a)</num><content>an RP developer is a member of group G for an accounting period (“period B”),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-3-b"><num>(b)</num><content>period B ends at the same time as, or during, period A, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-3-c"><num>(c)</num><content>the RP developer is a member of group G at the end of period A,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-4"><num>(4)</num><intro>Where—</intro><level class="para1" eId="section-43-4-a"><num>(a)</num><content>an RP developer is a member of a group at any time in an accounting period, and</content></level><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-4-a"><num>(a)</num><content>an RP developer is a member of a group at any time in an accounting period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-4-b"><num>(b)</num><content>an allocating member of the group has not been nominated for that period,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-5"><num>(5)</num><intro>The amount is—</intro><level class="para1" eId="section-43-5-a"><num>(a)</num><content>where the accounting period is 12 months, £25,000,000 divided by the number of companies withi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-5-a"><num>(a)</num><content>where the accounting period is 12 months, £25,000,000 divided by the number of companies within the charge to corporation tax that are members of the group at the end of the a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-5-b"><num>(b)</num><content>where the accounting period is less than 12 months, the sum determined under paragraph <ref href="#section-43-5-a">(a)</ref> reduced by a pro-rata amount.</content></level

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-6"><num>(6)</num><intro>In any case not falling within the preceding subsections, an RP developer’s allowance for an accounting period is—</intro><level class="para1" eId="section-43-6-a"><num>(a)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-6-a"><num>(a)</num><content>where the accounting period is 12 months, £25,000,000, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-6-b"><num>(b)</num><content>where the accounting period is less than 12 months, £25,000,000 reduced by a pro-rata amount.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-7"><num>(7)</num><intro>A member of group G is entitled to an allowance in respect of period B only if—</intro><level class="para1" eId="section-43-7-a"><num>(a)</num><content>an allowance allocation state

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-7-a"><num>(a)</num><content>an allowance allocation statement has been submitted on behalf of the group in accordance with regulations under subsection <ref href="#section-43-8">(8)</ref>, and</conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-7-b"><num>(b)</num><content>the allowance in question is for the amount allocated to it in that statement.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-8"><num>(8)</num><intro>HMRC Commissioners may by regulations make provision for and about—</intro><level class="para1" eId="section-43-8-a"><num>(a)</num><content>the nomination of a company in a group to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-8-a"><num>(a)</num><content>the nomination of a company in a group to be the allocating member of the group;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-8-b"><num>(b)</num><content>changing the allocating member of a group;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-8-c"><num>(c)</num><content>the submission by the allocating member to HMRC of an allowance allocation statement specifying how much of its allowance in respect of period A it has allocated to a member o

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-9"><num>(9)</num><intro>Regulations under subsection <ref href="#section-43-8">(8)</ref> may, among other things, make provision about—</intro><level class="para1" eId="section-43-9-a"><num>(a)</num><content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-a"><num>(a)</num><content>the contents of an allowance allocation statement;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-b"><num>(b)</num><content>when an allowance allocation statement is to be submitted;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-c"><num>(c)</num><content>when and how an allowance allocation statement may or must be amended on behalf of a group;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-d"><num>(d)</num><content>when and how an allowance allocation statement may be amended by an officer of Revenue and Customs;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-e"><num>(e)</num><content>the amendment of company tax returns in consequence of an allowance allocation statement or any amendment to such a statement (including provision altering time limits that wo

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-9-f"><num>(f)</num><content>the consequences for any RP developer that is a member of a group of the group not having an allocating member.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-10"><num>(10)</num><content>This section is subject to section 44.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="section-44"><num>44</num><heading>Allowance: joint venture companies</heading><subsection eId="section-44-1"><num>(1)</num><content>This section applies for the purposes of ca

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-1"><num>(1)</num><content>This section applies for the purposes of calculating the allowance of a relevant joint venture company for an accounting period where an excluded body (“<term refersTo="#term-b" eId="ter

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-2"><num>(2)</num><intro>The relevant joint venture company’s allowance for an accounting period that is the same as or overlaps with a specific financial year (“year X”) is—</intro><level class="para1" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-a"><num>(a)</num><content>the amount that would otherwise have been the relevant joint venture company’s allowance for that accounting period in accordance with section 43<ref href="#section-43-6">(6)<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-b"><num>(b)</num><content>where B allocates an allowable amount to the relevant joint venture company out of B’s notional allowance for year X, the sum of that amount and the amount calculated in accor

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="section-44-3"><num>(3)</num><intro>For the purposes of subsection <ref href="#section-44-2">(2)</ref>—</intro><level class="para1" eId="section-44-3-a"><num>(a)</num><c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-3-a"><num>(a)</num><content>the relevant percentage is the percentage of the relevant joint venture company’s profits that are available for distribution to equity holders and to which B is entitled;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-3-b"><num>(b)</num><content>B’s notional allowance for year X is £25,000,000;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" class="para1" eId="section-44-3-c"><num>(c)</num><content>an amount is allowable if it does not exceed—<tblock class="formula"><foreign><default:math xmlns="http://www.w3.org/199

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-4"><num>(4)</num><intro>The relevant joint venture company’s allowance is determined in accordance with subsection <ref href="#section-44-2-b">(2)(b)</ref> only if—</intro><level class="para1" eId="section-44

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-4-a"><num>(a)</num><content>B has submitted a notional allowance statement in respect of the relevant joint venture company in accordance with regulations under subsection <ref href="#section-44-5">(5)</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-4-b"><num>(b)</num><content>the allowance in question is for an amount calculated in accordance with subsection <ref href="#section-44-2-b">(2)(b)</ref>, on the basis of that notional allowance statement

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-5"><num>(5)</num><intro>HMRC Commissioners may by regulations make provision for and about—</intro><level class="para1" eId="section-44-5-a"><num>(a)</num><content>the disapplication of any provision of th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-5-a"><num>(a)</num><content>the disapplication of any provision of this section in circumstances set out in the regulations;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-5-b"><num>(b)</num><content>the submission by B to HMRC of a notional allowance statement specifying how much of its notional allowance in respect of year X it has allocated to a relevant joint venture c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-6"><num>(6)</num><intro>Regulations made in reliance on subsection <ref href="#section-44-5-b">(5)(b)</ref> may, among other things, make provision about—</intro><level class="para1" eId="section-44-6-a"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-a"><num>(a)</num><content>the contents of a notional allowance statement;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-b"><num>(b)</num><content>when a notional allowance statement is to be submitted;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-c"><num>(c)</num><content>when and how the notional allowance statement may or must be amended by B;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-d"><num>(d)</num><content>the nomination by B of any other member of a group of which it is a member to carry out obligations imposed by or under this section on B;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-e"><num>(e)</num><content>when and how a notional allowance statement may be amended by an officer of Revenue and Customs;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-6-f"><num>(f)</num><content>the amendment of company tax returns in consequence of a notional allowance statement or any amendment to such a statement (including provision altering time limits that would

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-7"><num>(7)</num><intro>Where B is a member of a group, the references to “B” in the following provisions are to be read as references to the ultimate parent of the group—</intro><level class="para1" eId="sec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-a"><num>(a)</num><content>subsection <ref href="#section-44-2-b">(2)(b)</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-b"><num>(b)</num><content>subsection <ref href="#section-44-3-b">(3)(b)</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-c"><num>(c)</num><content>the definition of “P” in subsection <ref href="#section-44-3-c">(3)(c)</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-d"><num>(d)</num><content>subsection <ref href="#section-44-4-a">(4)(a)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-8"><num>(8)</num><content>The power to make regulations under subsection <ref href="#section-44-5">(5)</ref> is exercisable in relation to the ultimate parent of a group of which B is a member as it is exercisabl

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-9"><num>(9)</num><content>In this section an “<term refersTo="#term-excluded-body" eId="term-excluded-body">excluded body</term>” means a company that is not liable to RPDT otherwise than as a result of being a n

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-application-of-corporation-tax-provisions-management-etc"><heading>Application of corporation tax provi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45"><num>45</num><heading>Application of corporation tax provisions and management of RPDT</heading><subsection eId="section-45-1"><num>(1)</num><content>The provisions of section 33<ref href="#section-33-1">(1)</ref>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-1"><num>(1)</num><content>The provisions of section 33<ref href="#section-33-1">(1)</ref> relating to the charging of a sum as if it were an amount of corporation tax is to be taken as applying all enactments app

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-2"><num>(2)</num><intro>But this is subject to—</intro><level class="para1" eId="section-45-2-a"><num>(a)</num><content>the provisions of the Corporation Tax Acts,</content></level><level class="para1"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-2-a"><num>(a)</num><content>the provisions of the Corporation Tax Acts,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-2-b"><num>(b)</num><content>any necessary modifications, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-2-c"><num>(c)</num><content>subsection <ref href="#section-45-5">(5)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-3"><num>(3)</num><intro>The enactments mentioned in subsection (1) include—</intro><level class="para1" eId="section-45-3-a"><num>(a)</num><content>those relating to returns of information and the supply o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-a"><num>(a)</num><content>those relating to returns of information and the supply of accounts, statements and reports,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-b"><num>(b)</num><content>those relating to the assessing, collecting and receiving of corporation tax,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-c"><num>(c)</num><content>those conferring or regulating a right of appeal, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-d"><num>(d)</num><content>those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.</content></l

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-4"><num>(4)</num><content>Accordingly, TMA 1970 is to have effect as if any reference to corporation tax included a sum chargeable under section 33<ref href="#section-33-1">(1)</ref> as if it were an amount of co

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-5"><num>(5)</num><intro>In the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (<ref eId="c00004" href="http://www.legislation.gov.uk/id/uksi/1999/358">SI 1999/358</ref>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-5-a"><num>(a)</num><content>references to corporation tax do not include a sum chargeable on a company under section 33<ref href="#section-33-1">(1)</ref> as if it were corporation tax, and</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-5-b"><num>(b)</num><content>references to profits charged to corporation tax do not include RPD profits.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-6"><num>(6)</num><content>Schedule 8 makes further provision about the management of RPDT.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46"><num>46</num><heading>Requirement to provide information about payments</heading><subsection eId="section-46-1"><num>(1)</num><intro>This section applies if—</intro><level class="para1" eId="section-46-1-a"><nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-1"><num>(1)</num><intro>This section applies if—</intro><level class="para1" eId="section-46-1-a"><num>(a)</num><content>a sum is chargeable on an RP developer under section 33, for an accounting period as

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-1-a"><num>(a)</num><content>a sum is chargeable on an RP developer under section 33, for an accounting period as if it were an amount of corporation tax, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-1-b"><num>(b)</num><content>a payment is made (whether or not by the RP developer) that is wholly or partly in respect of that sum.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-2"><num>(2)</num><content>The responsible company must give notice to an officer of Revenue and Customs, on or before the date the payment is made, of the amount of the payment that is in respect of that sum.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-3"><num>(3)</num><intro>The “responsible company” is—</intro><level class="para1" eId="section-46-3-a"><num>(a)</num><content>in a case where the RP developer is party to relevant group payment arrangement

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-3-a"><num>(a)</num><content>in a case where the RP developer is party to relevant group payment arrangements, the company that is, under those arrangements, to discharge the liability of the RP developer

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-3-b"><num>(b)</num><content>in any other case, the RP developer.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-4"><num>(4)</num><content>“<term refersTo="#term-relevant-group-payment-arrangements" eId="term-relevant-group-payment-arrangements">Relevant group payment arrangements</term>” means arrangements under section 59

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-5"><num>(5)</num><content>The requirement in subsection <ref href="#section-46-2">(2)</ref> is to be treated, for the purposes of Part 7 of Schedule 36 to FA 2008 (information and inspection powers: penalties), a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-6"><num>(6)</num><content>This section is subject to any provision to the contrary in regulations under section 59E of TMA 1970 (further provision as to when corporation tax is due and payable).</content></su

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47"><num>47</num><heading>Non-profit housing companies: exit charge</heading><subsection eId="section-47-1"><num>(1)</num><intro>This section applies where—</intro><level class="para1" eId="section-47-1-a"><num>(a)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-1"><num>(1)</num><intro>This section applies where—</intro><level class="para1" eId="section-47-1-a"><num>(a)</num><content>a company (“<term refersTo="#term-a" eId="term-a">A</term>”) ceases to be a non-p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-1-a"><num>(a)</num><content>a company (“<term refersTo="#term-a" eId="term-a">A</term>”) ceases to be a non-profit housing company by virtue of any of paragraphs <ref href="#section-34-4-a">(a)</ref> to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-1-b"><num>(b)</num><content>not all of the assets of the company have been distributed to another non-profit housing company or companies before the end of the relevant period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-2"><num>(2)</num><intro>For the purposes of subsection <ref href="#section-47-1">(1)</ref> the relevant period is the period beginning with the day on which A ceases to be a non-profit housing company and ending

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-2-a"><num>(a)</num><content>the first anniversary of the last day of the accounting period in which A ceased to be a non-profit housing company, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-2-b"><num>(b)</num><content>such later day as an officer of Revenue and Customs may allow.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-3"><num>(3)</num><intro>This section also applies where—</intro><level class="para1" eId="section-47-3-a"><num>(a)</num><content>a non-profit housing company (“<term refersTo="#term-a" eId="term-a">A</term

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-3-a"><num>(a)</num><content>a non-profit housing company (“<term refersTo="#term-a" eId="term-a">A</term>”) ceases to be a non-profit housing company by virtue of section 34<ref href="#section-34-4-e">(4

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-3-b"><num>(b)</num><intro>an interest in A is acquired by a company that—</intro><level class="para2" eId="section-47-3-b-i"><num>(i)</num><content>controls, or is under the same control as, B, an

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-47-3-b-i"><num>(i)</num><content>controls, or is under the same control as, B, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-47-3-b-ii"><num>(ii)</num><content>is not a non-profit housing company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-4"><num>(4)</num><intro>For the purposes of RPDT—</intro><level class="para1" eId="section-47-4-a"><num>(a)</num><content>A is not to be treated as a non-profit housing company for the accounting period (“

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-4-a"><num>(a)</num><content>A is not to be treated as a non-profit housing company for the accounting period (“the exit period”) in which it ceased to be a non-profit housing company or a wholly owned su

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-4-b"><num>(b)</num><intro>A’s RPD profits for the exit period are the total of what would have been A’s, and (subject to subsection <ref href="#section-47-5-b">(5)(b)</ref>) any of A’s wholly owned subsi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-47-4-b-i"><num>(i)</num><content>beginning with the day (“the starting day”) four years before the day on which A ceased to be a non-profit housing company or a wholly owned subsidiary of another non-profit

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-47-4-b-ii"><num>(ii)</num><content>ending with the last day of the exit period,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-4-c"><num>(c)</num><content>A’s allowance in respect of the exit period is £0.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-5"><num>(5)</num><intro>For the purposes of subsection <ref href="#section-47-4-b">(4)(b)</ref>—</intro><level class="para1" eId="section-47-5-a"><num>(a)</num><content>“<term refersTo="#term-chargeable-am

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-5-a"><num>(a)</num><content>“<term refersTo="#term-chargeable-amount" eId="term-chargeable-amount">chargeable amount</term>” means the amount of RPD profits in excess of what would have been A’s, or A’s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-5-b"><num>(b)</num><content>RPD profits of any of A’s wholly owned subsidiaries (“subsidiary profits”) are not to be taken into account for the purposes of calculating A’s chargeable amount so far as tho

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-6"><num>(6)</num><content>Where A, or any of A’s wholly owned subsidiaries, has an accounting period beginning before the starting day and ending on or after that date (“the straddling period”), the following sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-7"><num>(7)</num><intro>For the purposes of determining what would have been A’s, or A’s wholly owned subsidiaries’, RPD profits for the straddling period and, if so, in what amount—</intro><level class="para

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-7-a"><num>(a)</num><content>so much of the straddling period as falls before the starting day, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-7-b"><num>(b)</num><content>so much of that period as falls on or after that date,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-8"><num>(8)</num><content>If it is necessary to apportion an amount for the straddling period to the two separate accounting periods, see section 1172 of CTA 2010 (which applies as a result of section 45).</c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-48"><num>48</num><heading>Groups</

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48"><num>48</num><heading>Groups</heading><subsection eId="section-48-1"><num>(1)</num><content>In this Part, other than in Schedule 7, “<term refersTo="#term-group" eId="term-group">group</term>” means two or more com

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-1"><num>(1)</num><content>In this Part, other than in Schedule 7, “<term refersTo="#term-group" eId="term-group">group</term>” means two or more companies which together meet the following condition.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-2"><num>(2)</num><intro>The condition is that one of the companies is—</intro><level class="para1" eId="section-48-2-a"><num>(a)</num><content>the ultimate parent of each of the other companies, and</c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-2-a"><num>(a)</num><content>the ultimate parent of each of the other companies, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-2-b"><num>(b)</num><content>is not the ultimate parent of any other company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-3"><num>(3)</num><intro>A company (“<term refersTo="#term-a" eId="term-a">A</term>”) is the “ultimate parent” of another company (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</intro><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-3-a"><num>(a)</num><content>A is the parent of B, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-3-b"><num>(b)</num><content>no company is the parent of both A and B.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-4"><num>(4)</num><intro>A company (“<term refersTo="#term-a" eId="term-a">A</term>”) is the “parent” of another company (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</intro><level class="para1" eId="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-4-a"><num>(a)</num><content>B is a 75% subsidiary of A,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-4-b"><num>(b)</num><content>A is beneficially entitled to at least 75% of any profits available for distribution to equity holders of B, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-48-4-c"><num>(c)</num><content>A would be beneficially entitled to at least 75% of any assets of B available for distribution to its equity holders on a winding up.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49"><num>49</num><heading>Miscellaneous provision</heading><content>Schedule 9 makes miscellaneous provision in connection with RPDT.</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50"><num>50</num><heading>Interpretation etc</heading><subsection eId="section-50-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“adjusted trading losses” and “adjusted tradi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“adjusted trading losses” and “adjusted trading profits” have the meaning given by section 39;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-commencement-day" eId="term-commencement-day">commencement day</term>” means 27 October 2021;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-substantial-interest" eId="term-substantial-interest">substantial interest</term>”, in relation to a relevant joint venture company, has the meaning given by section 40;</con

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><content>Section 7 (income charged) is amended as follows.</content></subparagraph><subparagraph eId="schedu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><content><mod>After section 7 insert—<quotedSt

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-66" class="schProv1"><num>66</num><subparagraph eId="schedule-1-paragraph-66-1"><num>(1)</num><content>Sub-paragraph <ref href="#schedule-1-paragraph-66-2">(2)</ref> applies if the basis period for the t

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-69" class="schProv1"><num>69</num><subparagraph eId="schedule-1-paragraph-69-1"><num>(1)</num><content>Sub-paragraph <ref href="#schedule-1-paragraph-69-2">(2)</ref> applies if there is no transition par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-72" class="schProv1"><num>72</num><subparagraph eId="schedule-1-paragraph-72-1"><num>(1)</num><content>This paragraph applies if the trader has transition profits for the tax year 2023-24 (see Step 5 of

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-75" class="schProv1"><num>75</num><subparagraph eId="schedule-1-paragraph-75-1"><num>(1)</num><content>This paragraph applies for determining the trader’s liability to income tax for a tax year in which

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-78" class="schProv1"><num>78</num><content>The basis period for the partner’s notional business for the tax year 2023-24 is the same as the basis period for the partner’s notional trade for that tax year

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-2-paragraph-6-1"><num>(1)</num><content>The normal rule is that transparent entities do not have relevant interests in a company or in an enhan

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-2-paragraph-9-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content>A QAHC must take reasonable steps to monitor whether the ownership condition is met in relation to it.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-2-paragraph-15-1"><num>(1)</num><content>A company becomes a QAHC at the beginning of the first day on which all of the relevant conditions a

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><content>Paragraph <ref href="#schedule-2-paragraph-17-2">17(2)</ref> does not apply to assets held by a company that was previously resident in a territory outside the

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content>In determining the profits of a QAHC ring fence business, Part 7ZA of CTA 2010 (restrictions on obtaining certain deductions) is to be ignored.</content></p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragraph-24-1"><num>(1)</num><intro>A company that is, or has been, a QAHC must send a return to HMRC in relation to each accounting perio

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-44" class="schProv1"><num>44</num><subparagraph eId="schedule-2-paragraph-44-1"><num>(1)</num><content>A relevant distribution out of assets of a QAHC in respect of a security of the QAHC is not to be tr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-2-paragraph-47-1"><num>(1)</num><content>A payment made by a QAHC on the redemption, repayment or purchase of its own shares is not a distrib

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-2-paragraph-50-1"><num>(1)</num><content>Section 373(1) of CTA 2009 (late interest treated as not accruing until paid in some cases) does not

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-10-paragraph-2-1"><num>(1)</num><intro>For the purposes of this Schedule, a business is a “public interest business” if it is—</intro><lev

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-10-paragraph-5-1"><num>(1)</num><intro>This paragraph applies to a person (“<term refersTo="#term-r" eId="term-r">R</term>”) and any person co

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-10-paragraph-10-1"><num>(1)</num><content>A notice under paragraph <ref href="#schedule-10-paragraph-9-1">9(1)</ref> may not be given after

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-10-paragraph-13-1"><num>(1)</num><content>An officer of Revenue and Customs may enquire into a return under paragraph <ref href="#schedule-1

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-10-paragraph-16-1"><num>(1)</num><content>This paragraph applies where an enquiry into a return is in progress in relation to any matter.</p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-19" class="schProv1"><num>19</num><subparagraph eId="schedule-10-paragraph-19-1"><num>(1)</num><intro>Notice of an assessment to tax on a person must be served on the person stating—</intro><level c

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-10-paragraph-22-1"><num>(1)</num><intro>A person liable to tax must—</intro><level class="para1" eId="schedule-10-paragraph-22-1-a"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-10-paragraph-25-1"><num>(1)</num><content>A claim under paragraph <ref href="#schedule-10-paragraph-7">7</ref> or <ref href="#schedule-10-pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-10-pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-10-paragraph-31-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-34" class="schProv1"><num>34</num><content>A person is chargeable to public interest business protection tax (whether under paragraph <ref href="#schedule-10-paragraph-1">1</ref>, <ref href="#schedule-1

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-37" class="schProv1"><num>37</num><content>In calculating profits, losses or gains for income tax, capitals gains tax or corporation tax purposes, no deduction is allowed in respect of public interest b

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-40" class="schProv1"><num>40</num><subparagraph eId="schedule-10-paragraph-40-1"><num>(1)</num><content>For purposes in connection with the administration of public interest business protection tax, the

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-10-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-10-paragraph-43-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-12-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-12-paragraph-3-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-12-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-12-paragraph-6-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-14-paragraph-1-1"><num>(1)</num><content>This paragraph defines “electronic sales suppression tool” and related terms for the purposes of this

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-rpdt" eId="term-rpdt">RPDT</term>” has the meaning given by section 32;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-30" class="schProv1"><num>30</num><content>TMA 1970 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-31" class="schProv1"><num>31</num><content>In section 8 (personal return), in subsection (1C), omit “or its basis period”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-32" class="schProv1"><num>32</num><intro>In Schedule A1 (as inserted by sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-1-paragraph-32-a"><num>(a)</num><content><mod>for sub-paragraph (2) substitute—<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-32-b"><num>(b)</num><content>omit sub-paragraph (6)(b).</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-used" eId="term-used">used</term>”, in relation to a motor car, has the same meaning as in the 1992 Order.</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-relevant-joint-venture-company" eId="term-relevant-joint-venture-company">relevant joint venture company</term>” has the meaning given by section 40;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><content>Section 17 (effect of becoming or ceasing to be a UK resident) is amended as follows.</content><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-1-paragraph-22-1"><num>(1)</num><content>Section 786 (meaning of “<term refersTo="#term-rent-a-room-receipts" eId="term-rent-a-room-receipts"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-29" class="schProv1"><num>29</num><intro>Part 2 of Schedule 4 (index of defined expressions) is amended as follows—</intro><level class="para1" eId="schedule-1-paragraph-29-a"><num>(a)</num><content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-29-a"><num>(a)</num><content>omit the entry for “accounting date”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-29-b"><num>(b)</num><content>omit the entry for “overlap period”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-29-c"><num>(c)</num><content>omit the entry for “overlap profit”.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-64" class="schProv1"><num>64</num><subparagraph eId="schedule-1-paragraph-64-1"><num>(1)</num><intro>This Part of this Schedule applies in relation to a person (“the trader”) who—</intro><level class

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-67" class="schProv1"><num>67</num><subparagraph eId="schedule-1-paragraph-67-1"><num>(1)</num><intro>This paragraph applies if—</intro><level class="para1" eId="schedule-1-paragraph-67-1-a"><num>(a)<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-70" class="schProv1"><num>70</num><subparagraph eId="schedule-1-paragraph-70-1"><num>(1)</num><content>Sub-paragraph <ref href="#schedule-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="schedule-1-paragraph-73" class="schProv1"><num>73</num><subparagraph eId="schedule-1-paragraph-73-1"><num>(1)</num><content>If the trader is liable to a charge to income tax

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-76" class="schProv1"><num>76</num><subparagraph eId="schedule-1-paragraph-76-1"><num>(1)</num><content>For the purposes of this Part of this Schedule, the following provisions apply subject to the follow

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-17-paragraph-4-1"><num>(1)</num><content>“<term refersTo="#term-partnership" eId="term-partnership">Partnership</term>” means a partnership (w

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-17-paragraph-7-1"><num>(1)</num><intro>“Turnover”—</intro><level class="para1" eId="schedule-17-paragraph-7-1-a"><num>(a)</num><content><p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-17-paragraph-20-1"><num>(1)</num><content>A company or partnership that is required by paragraph <ref href="#schedule-17-paragraph-8-2-a">8(

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-17-paragraph-23-1"><num>(1)</num><intro>Where a person becomes liable to a penalty under paragraph <ref href="#schedule-17-paragraph-20">20<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-26" class="schProv1"><num>26</num><subparagraph eId="schedule-17-paragraph-26-1"><num>(1)</num><intro>If it appears to the Treasury that there has been a change in the value of money since the last rele

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-29" class="schProv1"><num>29</num><intro>Subject to the provisions of this Schedule, the following provisions of TMA 1970 apply for the purposes of this Schedule as they apply for the purposes of the Ta

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-29-a"><num>(a)</num><content>section 108 (responsibility of company officers);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-29-b"><num>(b)</num><content>section 114 (want of form);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-29-c"><num>(c)</num><content>section 115 (delivery and service of documents).</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><content><mod>In section 47 (business gifts: exceptions), in subsection (3)(b), for “basis period” substitute <quotedText>“tax year”</quotedText>.</mod></content></p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-1-paragraph-23-1"><num>(1)</num><content>Section 805 (meaning of “<term refersTo="#term-qualifying-care-receipts" eId="term-qualifying-care-r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content>In section 133 (meaning of “relevant period” for purposes of Chapter 9), in paragraph (b) omit “the basis period for”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-24" class="schProv1"><num>24</num><content>Omit section 828 (overlap profit).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-1-paragraph-13-1"><num>(1)</num><content>Section 154A (certain non-UK residents with interest on 3.5% War Loan 1952 Or After) is amended as f

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-1-paragraph-14-1"><num>(1)</num><content>Section 225ZD (compensation for compulsory slaughter of animals: effect of claim for spreading profi

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-15" class="schProv1"><num>15</num><content>In section 240B (“entering the cash basis”), in paragraph (b), omit “the basis period for”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-16" class="schProv1"><num>16</num><intro>In section 240C (unrelieved qualifying expenditure: Parts 2, 7 and 8 of CAA 2001), in subsection (1)(b)—</intro><level class="para1" eId="schedule-1-paragraph

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-16-a"><num>(a)</num><content>omit “the basis period for”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-16-b"><num>(b)</num><content><mod>for “with that basis period” substitute <quotedText>“in that tax year”</quotedText>.</mod></content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-17" class="schProv1"><num>17</num><content>In section 240D (assets not fully paid for), in subsection (1)(b), omit “the basis period for”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-18" class="schProv1"><num>18</num><content>In section 240E (effect of election where predecessor and successor are connected persons), in subsection (1)(c), omit “the basis period for”.</content></pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-19" class="schProv1"><num>19</num><intro>In section 246 (basic meaning of “post-cessation receipt”), in subsection (3)—</intro><level class="para1" eId="schedule-1-paragraph-19-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-19-a"><num>(a)</num><content><mod>at the end of paragraph (a), insert <quotedText>“and”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-19-b"><num>(b)</num><content>omit paragraph (c) and the “and” before it.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-margin-scheme-option" eId="term-margin-scheme-option">margin scheme option</term>” means the option under article 8(1) of the 1992 Order (relief for used motor cars) or article 1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7"><heading>Minor and consequential amendments</heading><paragraph eId=

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-33" class="schProv1"><num>33</num><content>CAA 2001 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-2-paragraph-14-1"><num>(1)</num><content>This paragraph makes provision about the making of a notification to HMRC by a company that intends

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-2-paragraph-17-1"><num>(1)</num><intro>For the purposes of corporation tax, when a company becomes a QAHC—</intro><level class="para1" eI

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><intro>For the purposes of this Schedule “<term refersTo="#term-qahc-ring-fence-business" eId="term-qahc-ring

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><intro>Where—</intro><level class="para1" eId="schedule-2-paragraph-23-a"><num>(a)</num><content>a chargeable gain (the “relevant gain”) accrues to a QAHC under p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-23-a"><num>(a)</num><content>a chargeable gain (the “relevant gain”) accrues to a QAHC under paragraph <ref href="#schedule-2-paragraph-22-2">22(2)</ref> on a deemed sale of shares,</conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-23-b"><num>(b)</num><content>the extent of that gain reflects the proceeds of a disposal of another asset in respect of which a chargeable gain (“the taxed gain”) has accrued to any person,

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><subparagraph eId="schedule-2-paragraph-26-1"><num>(1)</num><content>A QAHC must notify HMRC if a relevant condition ceases to be met in relation to it as soon as reason

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><subparagraph eId="schedule-2-paragraph-29-1"><num>(1)</num><content>A QAHC ceases to be a QAHC as a result of ceasing to meet any of the conditions mentioned in paragra

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro>Where—</intro><level class="para1" eId="schedule-2-paragraph-32-a"><num>(a)</num><content>interest is payable under securities of a company in connection w

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-32-a"><num>(a)</num><content>interest is payable under securities of a company in connection with arrangements for a transfer of relevant interests in that company, or in an enhanced class of t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-32-b"><num>(b)</num><content>that company ceased to be a QAHC as a result of that transfer,</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-52" class="schProv1"><num>52</num><subparagraph eId="schedule-2-paragraph-52-1"><num>(1)</num><content>No liability to corporation tax arises in respect of QAHC overseas property profits to the extent th

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-56" class="schProv1"><num>56</num><subparagraph eId="schedule-2-paragraph-56-1"><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-3-paragraph-2-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><mod>In section 553 (meaning of “<ter

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-4-paragraph-1-1"><num>(1)</num><content>CTA 2010 is amended as follows.</content></subparagraph><subparagraph eId="schedule-4-paragraph-1-2

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-7-paragraph-12-1"><num>(1)</num><intro>This Part of this Schedule—</intro><level class="para1" eId="schedule-7-paragraph-12-1-a"><num>(a)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-7-paragraph-17-1"><num>(1)</num><content>If a claimant company makes a claim under paragraph <ref href="#schedule-7-paragraph-16">16</ref>, t

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-20" class="schProv1"><num>20</num><content>Part 14 of CTA 2010 (change in company ownership) applies, with any necessary modifications, in relation to RPDT group relief under Part 2 of this Schedule, and

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-34" class="schProv1"><num>34</num><subparagraph eId="schedule-1-paragraph-34-1"><num>(1)</num><content>Section 59 (unrelieved qualifying expenditure) is amended as follows.</content></subparagraph><s

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-13" class="schProv1"><num>13</num><intro>In this Part of this Schedule, in relation to losses that a company has carried forward to an accounting period—</intro><hcontainer name="definition"><content

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-35" class="schProv1"><num>35</num><content><mod>In section 419A (unrelieved qualifying expenditure: entry to cash basis), in subsection (1), for “with the basis period for the tax year”, in both places,

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-14" class="schProv1"><num>14</num><content>In this Part of this Schedule, “<term refersTo="#term-company" eId="term-company">company</term>” means any body corporate.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-36" class="schProv1"><num>36</num><content><mod>In section 461A (unrelieved qualifying expenditure: entry to cash basis), in subsection (1), for “with the basis period for the previous tax year” substitu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-37" class="schProv1"><num>37</num><content><mod>In section 475A (unrelieved qualifying expenditure: entry to cash basis), in subsection (1), for “with the basis period for the previous tax year” substitu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-2"><num>(2)</num><content>Chapter 6 of Part 5 of CTA 2010 (equity holders and profits or assets available for distribution), other than sections 169 to 182, applies for the purposes of references in this Part to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-3"><num>(3)</num><intro>In applying Chapter 6 of Part 5 (other than sections 169 to 182) and Chapter 3 of Part 24 of CTA 2010 for the purposes mentioned in subsection <ref href="#section-50-2">(2)</ref>, they are

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-a"><num>(a)</num><content>they apply to a company which does not have share capital, and to holders of corresponding ordinary holdings in such a company, in a way which corresponds to the way they appl

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-b"><num>(b)</num><content>they apply to a company which is an unincorporated association in a way which corresponds to the way they apply to companies which are bodies corporate,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-c"><num>(c)</num><content>they apply in relation to ownership through an entity (other than a company), or any trust or other arrangement, in a way which corresponds to the way they apply to ownership

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-d"><num>(d)</num><content>for the purposes of achieving paragraphs <ref href="#section-50-3-a">(a)</ref> to <ref href="#section-50-3-c">(c)</ref>, profits or assets are attributed to holders of corresp

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-4"><num>(4)</num><content>In subsection <ref href="#section-50-3">(3)</ref> “corresponding ordinary holding” in an unincorporated association, entity, trust or other arrangement means a holding or interest which

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-5"><num>(5)</num><content>Chapter 3 of Part 24 of CTA 2010 (subsidiaries) applies for the purposes of references in this Part to subsidiaries, subject to subsection <ref href="#section-50-6">(6)</ref>.</conte

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-6"><num>(6)</num><intro>In applying Chapter 3 of Part 24 of CTA 2010 for the purposes mentioned in subsection <ref href="#section-50-5">(5)</ref>—</intro><level class="para1" eId="section-50-6-a"><num>(a)</nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-6-a"><num>(a)</num><content>share capital of a registered society is to be treated as if it were ordinary share capital, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-6-b"><num>(b)</num><content>a company (“the shareholder“) that directly owns shares in another company is to be treated as not owning those shares if a profit on their sale would be a trading receipt of

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-commencement-and-transitional-provisions"><heading>Commencement and transitional provisions</heading><s

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51"><num>51</num><heading>Commencement</heading><subsection eId="section-51-1"><num>(1)</num><content>This Part has effect in relation to accounting periods beginning on or after 1 April 2022.</content></subsection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-1"><num>(1)</num><content>This Part has effect in relation to accounting periods beginning on or after 1 April 2022.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-2"><num>(2)</num><intro>If an RP developer has an accounting period beginning before 1 April 2022 and ending on or after that date (“the straddling period”), for the purpose of determining whether RPDT is chargea

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-2-a"><num>(a)</num><content>so much of the straddling period as falls before 1 April 2022, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-2-b"><num>(b)</num><content>so much of that period as falls on or after that date,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-3"><num>(3)</num><content>If it is necessary to apportion an amount for the straddling period to the two separate accounting periods, see section 1172 of CTA 2010 (which applies as a result of section 45).</c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-4"><num>(4)</num><intro>If—</intro><level class="para1" eId="section-51-4-a"><num>(a)</num><content>RPDT is chargeable on an RP developer for the straddling period, and</content></level><level class="p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-4-a"><num>(a)</num><content>RPDT is chargeable on an RP developer for the straddling period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-4-b"><num>(b)</num><content>under the Instalment Payment Regulations one or more instalment payments in respect of the total liability of the RP developer for that period are treated as becoming due and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-5"><num>(5)</num><intro>The first instalment in respect of that liability which is treated as becoming due and payable on or after 1 April 2022 is to be increased by the following amount, namely the difference be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-5-a"><num>(a)</num><content>the aggregate amount of the pre-commencement instalments determined in accordance with subsection <ref href="#section-51-4">(4)</ref>, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-5-b"><num>(b)</num><content>the aggregate amount of those instalments determined ignoring that subsection (and so taking into account the tax chargeable on the RP developer for the straddling period).</p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-6"><num>(6)</num><intro>In the Instalment Payment Regulations—</intro><level class="para1" eId="section-51-6-a"><num>(a)</num><content>in regulations 6(1)(a), 7(2), 8(1)(a) and (2)(a), 9(5), 10(1), 11(1) a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-6-a"><num>(a)</num><content>in regulations 6(1)(a), 7(2), 8(1)(a) and (2)(a), 9(5), 10(1), 11(1) and 13, references to those Regulations are to be read as including a reference to subsections <ref href="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-6-b"><num>(b)</num><content>in regulation 9(3), the reference to those Regulations is to be read as including a reference to those subsections.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-7"><num>(7)</num><content>In section 59D of TMA 1970 (general rule as to when corporation tax is due and payable), in subsection (5), the reference to section 59E of that Act is to be read as including a referenc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-8"><num>(8)</num><content>In this section “<term refersTo="#term-the-instalment-payment-regulations" eId="term-the-instalment-payment-regulations">the Instalment Payment Regulations</term>” means the Corporation

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52"><num>52</num><heading>Anti-forestalling: accelerated profits</heading><subsection eId="section-52-1"><num>(1)</num><intro>This section applies if—</intro><level class="para1" eId="section-52-1-a"><num>(a)</num>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-1"><num>(1)</num><intro>This section applies if—</intro><level class="para1" eId="section-52-1-a"><num>(a)</num><content>trading profits derived from RPD activities arise to an RP developer in an accountin

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-a"><num>(a)</num><content>trading profits derived from RPD activities arise to an RP developer in an accounting period ending before 1 April 2022,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-b"><num>(b)</num><content>the profits arise in that accounting period instead of an accounting period ending on or after that date as a result of arrangements entered into on or after 29 April 2021, an

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-c"><num>(c)</num><content>the main purpose, or one of the main purposes, of the arrangements is to secure that, but for this section, the profits would not be taken into account for the purposes of sec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-2"><num>(2)</num><content>The profits are to be taken into account for the purposes of that section as if they arose to the RP developer in the RP developer’s first accounting period ending on or after 1 April 20

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-3"><num>(3)</num><content>In this section “<term refersTo="#term-arrangements" eId="term-arrangements">arrangements</term>” includes any agreement, understanding, scheme, transaction or series of transactions (wh

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-3"><num>PART 3</num><heading>Economic crime (anti-money laundering) levy</heading><section eId="sectio

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53"><num>53</num><heading>Economic crime (anti-money laundering) levy</heading><subsection eId="section-53-1"><num>(1)</num><content>A tax called the “<term refersTo="#term-economic-crime-anti-money-laundering-levy" eI

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-1"><num>(1)</num><content>A tax called the “<term refersTo="#term-economic-crime-anti-money-laundering-levy" eId="term-economic-crime-anti-money-laundering-levy">economic crime (anti-money laundering) levy</term>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-2"><num>(2)</num><content>The appropriate collection authority is responsible for the collection and management of the levy.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-3"><num>(3)</num><intro>In this Part, “<term refersTo="#term-appropriate-collection-authority" eId="term-appropriate-collection-authority">appropriate collection authority</term>” means—</intro><level class="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-3-a"><num>(a)</num><content>in the case of a person for whom the Financial Conduct Authority is a supervisory authority, the Financial Conduct Authority;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-3-b"><num>(b)</num><content>in the case of a person for whom the Gambling Commission is a supervisory authority, the Gambling Commission;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-3-c"><num>(c)</num><content>in any other case, the HMRC Commissioners.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-54"><num>54</num><heading>Charge to the levy</heading><subsection eId="section-54-1"><num>(1)</n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-54-1"><num>(1)</num><intro>The levy is charged for a financial year if—</intro><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-1-a"><num>(a)</num><content>a person carries on a regulated business at any point during the financial year, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-54-1-b"><num>(b)</num><content>the person’s UK revenue for the financial year <i

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-54-2"><num>(2)</num><intro>The amount charged for a financial year is—</intro><level c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-54-2-a"><num>(a)</num><content>in the case of a person whose UK revenue for the f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-54-2-b"><num>(b)</num><content>in the case of a person whose UK revenue for the f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-54-2-c"><num>(c)</num><content>in the case of a person whose UK revenue for the f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-54-2-ba"><num><ins class="first" ukl:ChangeId="key-07755e10ecb4f16c08990edde6bb28e9-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-3"><num>(3)</num><content>The amounts specified in subsection (2) are to be proportionately reduced in the case of a person who carries on a regulated business only for part of the financial year.</content></

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-4"><num>(4)</num><content>No amount of payment made in respect of the levy is to be taken into account in calculating profits or losses for the purposes of income tax or corporation tax.</content></subsection

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-55"><num>55</num><heading>UK revenue: amount</heading><subsection eId="section-55-1"><num>(1)</n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-55-1"><num>(1)</num><intro>A person’s UK revenue—</intro><level class="para1" eId="sec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-55-1-a"><num>(a)</num><content>is <ins class="substitution first last" ukl:Chang

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-55-1-b"><num>(b)</num><content>is <ins class="substitution first last" ukl:Chang

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-55-1-c"><num>(c)</num><content>is <ins class="substitution first last" ukl:Chang

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-55-1-ba"><num><ins class="first" ukl:ChangeId="key-6e5ad782ebc69574cd13d52918cd99b3-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-2"><num>(2)</num><content>To determine the “relevant accounting period”, see section 56.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-3"><num>(3)</num><content>The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56"><num>56</num><heading>Relevant accounting period</heading><subsection eId="section-56-1"><num>(1)</num><content>This section applies for the purposes of section 55.</content></subsection><subsection eId="sectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-1"><num>(1)</num><content>This section applies for the purposes of section 55.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-2"><num>(2)</num><content>The “<term refersTo="#term-relevant-accounting-period" eId="term-relevant-accounting-period">relevant accounting period</term>”, in relation to the UK revenue of a person for a financial

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-3"><num>(3)</num><content>For this purpose, an accounting period that ends at the same time as the end of the financial year is an accounting period ending in that year.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-4"><num>(4)</num><intro>Where there is more than one accounting period of a person ending in a financial year—</intro><level class="para1" eId="section-56-4-a"><num>(a)</num><content>the person’s UK revenu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-4-a"><num>(a)</num><content>the person’s UK revenue for the relevant accounting period is to be taken as the sum of the UK revenue for each of the accounting periods ending in the financial year, and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-4-b"><num>(b)</num><content>the length of the relevant accounting period is to be taken as the combined length of those periods.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-5"><num>(5)</num><intro>Where there is no accounting period of a person ending in a financial year—</intro><level class="para1" eId="section-56-5-a"><num>(a)</num><content>in the case of a person who has a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-5-a"><num>(a)</num><content>in the case of a person who has an accounting period that ends during the period of 3 months beginning with the end of the financial year, the relevant accounting period is to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-5-b"><num>(b)</num><content>in any other case, the relevant accounting period is to be taken as the person’s accounting period ending last before the start of the financial year.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-6"><num>(6)</num><content>If there is no relevant accounting period of a person capable of being determined in accordance with this section, the UK revenue amounts in section 55 are to be determined for that pers

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57"><num>57</num><heading>UK revenue: determination</heading><subsection eId="section-57-1"><num>(1)</num><content>This section applies for the purposes of determining a person’s UK revenue in a relevant accounting per

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-1"><num>(1)</num><content>This section applies for the purposes of determining a person’s UK revenue in a relevant accounting period.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-2"><num>(2)</num><content>In the case of a UK resident person, the person’s UK revenue is all of that person’s revenue after deducting so much of their revenue as, on a just and reasonable apportionment, is attri

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-3"><num>(3)</num><content>In the case of a non-UK resident person, the person’s UK revenue is so much of the person’s revenue as, on a just and reasonable apportionment, is attributable to activities of any perma

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-4"><num>(4)</num><content>Subsection <ref href="#section-57-5">(5)</ref> applies to a non-UK resident person who, by virtue of regulation 9(4) of the Money Laundering Regulations (casinos which provide facilities

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-5"><num>(5)</num><intro>The person’s UK revenue also includes so much of the person’s revenue as—</intro><level class="para1" eId="section-57-5-a"><num>(a)</num><content>is attributable, on a just and reas

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-5-a"><num>(a)</num><content>is attributable, on a just and reasonable apportionment, to activities in respect of which a charge to remote gaming duty arises (see section 155 of FA 2014), and</content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-5-b"><num>(b)</num><content>is not included in the person’s UK revenue by virtue of subsection <ref href="#section-57-3">(3)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-6"><num>(6)</num><intro>References in this section to a “permanent establishment” of a person are to be read—</intro><level class="para1" eId="section-57-6-a"><num>(a)</num><content>in the case of a compan

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-6-a"><num>(a)</num><content>in the case of a company, in accordance with Chapter 2 of Part 24 of CTA 2010;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-6-b"><num>(b)</num><content>in any other case, in accordance with that Chapter but as if the person were a company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-7"><num>(7)</num><intro>References in this Part to a person’s “revenue” in a relevant accounting period are (subject to subsection (9)) references to—</intro><level class="para1" eId="section-57-7-a"><num>(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-7-a"><num>(a)</num><content>the person’s turnover for that period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-7-b"><num>(b)</num><content>any other amounts (not included within turnover) which, in accordance with generally accepted accounting practice (“<term refersTo="#term-gaap" eId="term-gaap">GAAP</term>”),

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-8"><num>(8)</num><content>Where a person does not draw up accounts for a relevant accounting period in accordance with GAAP, the reference in subsection (7)(b) to any amounts which in accordance with GAAP are rec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-9"><num>(9)</num><intro>The following are to be ignored in determining a person’s revenue for the purposes of this Part—</intro><level class="para1" eId="section-57-9-a"><num>(a)</num><intro>a distribution

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-9-a"><num>(a)</num><intro>a distribution within the meaning of CTA 2010 that—</intro><level class="para2" eId="section-57-9-a-i"><num>(i)</num><content>is received from a company that is connected

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-57-9-a-i"><num>(i)</num><content>is received from a company that is connected with that person in accordance with sections 1122 and 1123 of CTA 2010, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-57-9-a-ii"><num>(ii)</num><content>is not made in respect of shares or other assets, profits on the sale of which would be a trading receipt of that person;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-9-b"><num>(b)</num><content>such other descriptions of revenue as may be specified in regulations made by the Treasury.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58"><num>58</num><heading>Assessment, payment, collection and recovery</heading><subsection eId="section-58-1"><num>(1)</num><content>The levy is recoverable as a debt due to the Crown.</content></subsection><subse

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-1"><num>(1)</num><content>The levy is recoverable as a debt due to the Crown.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-2"><num>(2)</num><intro>The Treasury may by regulations—</intro><level class="para1" eId="section-58-2-a"><num>(a)</num><content>make provision about the assessment, payment and collection of the levy;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-2-a"><num>(a)</num><content>make provision about the assessment, payment and collection of the levy;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-2-b"><num>(b)</num><content>make further provision about the recovery of the levy (in addition to subsection (1)).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-3"><num>(3)</num><intro>Regulations under subsection (2) may—</intro><level class="para1" eId="section-58-3-a"><num>(a)</num><content>make provision about the times at which payments are to be made and the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-a"><num>(a)</num><content>make provision about the times at which payments are to be made and the methods of payment;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-b"><num>(b)</num><content>require persons liable to pay the levy to notify the appropriate collection authority of that liability and to make returns;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-c"><num>(c)</num><content>make provision for determining, in relation to persons for whom there is more than one appropriate collection authority with power to exercise functions under this Part, the a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-d"><num>(d)</num><content>make provision in relation to a business which is carried on by a partnership or by another unincorporated body specifying by what person anything required to be done in conne

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-e"><num>(e)</num><content>make provision for interest (at a rate specified in, or determined under, the regulations) to be charged in respect of unpaid amounts of the levy;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-f"><num>(f)</num><content>permit or require persons liable to pay the levy to supply the appropriate collection authority such information or documents as the authority may request in connection with t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-g"><num>(g)</num><content>require bodies (other than appropriate collection authorities) that are supervisory authorities to co-operate with appropriate collection authorities in the collection of the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-h"><num>(h)</num><content>make provision for the making of decisions by appropriate collection authorities as to any matter required to be decided for the purposes of the regulations;</content></le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-i"><num>(i)</num><content>make provision about the form, manner and content of notifications or any other notices or communications with appropriate collection authorities in connection with the levy;<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-j"><num>(j)</num><content>make provision for the review of, and a right of appeal to the tribunal against, specified decisions of appropriate collection authorities in connection with the levy;</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-k"><num>(k)</num><content>make provision about the enforcement of the levy (including provision for the imposition of civil penalties or other sanctions for a failure to comply with a requirement impos

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-l"><num>(l)</num><content>make provision about the recovery of overpayments of the levy;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-3-m"><num>(m)</num><content>make provision in relation to cases where an individual liable to pay the levy dies or becomes incapacitated, or where a person (whether or not an individual) is subject to an

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-4"><num>(4)</num><intro>Provision under subsection (3)(b) may include provision about—</intro><level class="para1" eId="section-58-4-a"><num>(a)</num><content>the periods by reference to which returns are

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-4-a"><num>(a)</num><content>the periods by reference to which returns are to be made;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-4-b"><num>(b)</num><content>the information to be included in returns;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-4-c"><num>(c)</num><content>the timing for making returns;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-4-d"><num>(d)</num><content>the form of, and the method of making, returns.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-5"><num>(5)</num><content>Provision under subsection (3)(i) may include provision about communications in electronic form.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-6"><num>(6)</num><intro>Regulations under subsection (2) may confer functions on—</intro><level class="para1" eId="section-58-6-a"><num>(a)</num><content>the HMRC Commissioners or anyone acting on their be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-6-a"><num>(a)</num><content>the HMRC Commissioners or anyone acting on their behalf, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-6-b"><num>(b)</num><content>another appropriate collection authority or anyone acting on its behalf.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-7"><num>(7)</num><intro>Regulations made by virtue of subsection (6)(a) may in particular provide—</intro><level class="para1" eId="section-58-7-a"><num>(a)</num><content>for functions in relation to the e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-7-a"><num>(a)</num><content>for functions in relation to the enforcement of the levy to be functions of the HMRC Commissioners in cases where another appropriate collection authority is otherwise respons

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-7-b"><num>(b)</num><content>for the HMRC Commissioners to be responsible for the collection and management of the levy, in place of the other appropriate collection authority, in the cases where it exerc

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59"><num>59</num><heading>Payments into Consolidated Fund</heading><subsection eId="section-59-1"><num>(1)</num><content>Subject to subsection (2), money received by the Financial Conduct Authority and the Gambling Com

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-1"><num>(1)</num><content>Subject to subsection (2), money received by the Financial Conduct Authority and the Gambling Commission in the exercise of functions under this Part as appropriate collection authoritie

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-2"><num>(2)</num><content>Before making payment under subsection (1) a deduction may be made for reasonable administrative costs associated with the exercise of such functions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-3"><num>(3)</num><content>See further section 44 of CRCA 2005 for payments of money by the HMRC Commissioners into the Consolidated Fund.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60"><num>60</num><heading>Application to partnerships</heading><subsection eId="section-60-1"><num>(1)</num><content>This section applies where a person liable to pay the levy for a financial year is a partnership.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60-1"><num>(1)</num><content>This section applies where a person liable to pay the levy for a financial year is a partnership.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60-2"><num>(2)</num><content>In the case of a partnership that is a body of persons forming a legal person that is distinct from themselves, the person liable to pay the levy is that legal person.</content></sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60-3"><num>(3)</num><intro>In the case of any other partnership—</intro><level class="para1" eId="section-60-3-a"><num>(a)</num><content>the person liable to pay the levy is the responsible partners, and<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-60-3-a"><num>(a)</num><content>the person liable to pay the levy is the responsible partners, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-60-3-b"><num>(b)</num><content>the liability of the responsible partners to do so is joint and several.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60-4"><num>(4)</num><content>The references in subsection (3) to “the responsible partners” are to all the persons who are members of the partnership at any time during the financial year.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60-5"><num>(5)</num><content>A partnership is to be regarded for the purposes of this Part as continuing to be the same partnership regardless of a change in membership, provided that a person who was a member befor

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-61"><num>61</num><heading>Collection of information</heading><content><mod>In Schedule 36 to

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62"><num>62</num><heading>Disclosure of information</heading><subsection eId="section-62-1"><num>(1)</num><intro>An appropriate collection authority may disclose information obtained or held by them for, or in connecti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-1"><num>(1)</num><intro>An appropriate collection authority may disclose information obtained or held by them for, or in connection with, their functions under this Part to—</intro><level class="para1" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-a"><num>(a)</num><content>another appropriate collection authority;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-b"><num>(b)</num><content>a supervisory authority that is not an appropriate collection authority;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-c"><num>(c)</num><content>the Secretary of State;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-d"><num>(d)</num><content>the Treasury;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-e"><num>(e)</num><content>an authorised officer of a person listed in paragraphs <ref href="#section-62-1-a">(a)</ref> to <ref href="#section-62-1-d">(d)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-2"><num>(2)</num><content>Information disclosed by an appropriate collection authority in reliance on subsection <ref href="#section-62-1">(1)</ref> may not be further disclosed without the consent of that approp

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-3"><num>(3)</num><content>A supervisory authority that is not an appropriate collection authority may disclose information obtained or held by them to an appropriate collection authority or to an authorised offic

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-4"><num>(4)</num><content>Information may only be disclosed under this section for the purpose of assisting the person to whom it is disclosed to carry out functions in relation to the levy.</content></subsec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-5"><num>(5)</num><content>Section 19 of CRCA 2005 (offence of wrongful disclosure) applies in relation to a disclosure of information in contravention of subsection (2) which relates to a person whose identify is

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-6"><num>(6)</num><content>No charge may be made for any disclosure made under this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-7"><num>(7)</num><intro>Except as provided by subsection <ref href="#section-62-8">(8)</ref>, the disclosure of information under this section does not breach—</intro><level class="para1" eId="section-62-7-a"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-7-a"><num>(a)</num><content>any obligation of confidence owed by the person making the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-7-b"><num>(b)</num><content>any other restriction on the disclosure of information (however imposed).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-8"><num>(8)</num><content>The powers conferred by this section to disclose information do not operate to authorise a disclosure that would contravene the data protection legislation (but those powers are to be ta

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-9"><num>(9)</num><content>References in this section to an authorised officer of any person are to any person who has been designated by the principal as a person to and by whom information may be disclosed under

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-10"><num>(10)</num><content>For the purposes of subsection <ref href="#section-62-9">(9)</ref>, any officer of Revenue and Customs is to be treated as having been designated by the HMRC Commissioners as a person

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-11"><num>(11)</num><content>Nothing in this section (other than subsection (2)) limits the circumstances in which information may be disclosed under any other enactment or rule of law.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-12"><num>(12)</num><content>In this section “<term refersTo="#term-data-protection-legislation" eId="term-data-protection-legislation">data protection legislation</term>” has the same meaning as in the Data Prote

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63"><num>63</num><heading>Power to make consequential provision</heading><subsection eId="section-63-1"><num>(1)</num><content>The Treasury may by regulations make provision that is consequential on this Part.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-1"><num>(1)</num><content>The Treasury may by regulations make provision that is consequential on this Part.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-2"><num>(2)</num><content>Regulations under this section may amend, repeal, revoke or otherwise modify any enactment (whenever passed or made).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64"><num>64</num><heading>Regulations</heading><subsection eId="section-64-1"><num>(1)</num><intro>Regulations under this Part—</intro><level class="para1" eId="section-64-1-a"><num>(a)</num><content>may make di

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-1"><num>(1)</num><intro>Regulations under this Part—</intro><level class="para1" eId="section-64-1-a"><num>(a)</num><content>may make different provision for different purposes;</content></level><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-1-a"><num>(a)</num><content>may make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-1-b"><num>(b)</num><content>may include incidental, consequential, supplementary, transitional or transitory provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-1-c"><num>(c)</num><content>may have effect in relation to the financial year during which the regulations are made.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-2"><num>(2)</num><intro>Regulations under this Part may make provision by reference to things specified in a notice that is—</intro><level class="para1" eId="section-64-2-a"><num>(a)</num><content>publishe

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-2-a"><num>(a)</num><content>published by the HMRC Commissioners, or another appropriate collection authority, in accordance with the regulations, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-2-b"><num>(b)</num><content>not withdrawn by a further notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-3"><num>(3)</num><content>The power of the Treasury to make regulations under this Part may instead be exercised by the HMRC Commissioners.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-4"><num>(4)</num><content>Before making regulations under this Part the Treasury must consult each appropriate collection authority.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-5"><num>(5)</num><content>Before making regulations under this Part the HMRC Commissioners must consult the Treasury and each of the other appropriate collection authorities.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-6"><num>(6)</num><content>Regulations under this Part are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-7"><num>(7)</num><content>Except as provided by subsection (8), a statutory instrument containing regulations under this Part is subject to annulment in pursuance of a resolution of the House of Commons.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-8"><num>(8)</num><intro>A statutory instrument containing (whether alone or with other provision) regulations of the following kinds may not be made unless a draft of the instrument has been laid before, and appr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-8-a"><num>(a)</num><content>regulations under section 58(2) that make provision falling within section 58(3)(k);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-8-b"><num>(b)</num><content>regulations under section 63 that amend or repeal any provision of an Act of Parliament.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-65"><num>65</num><heading>Interpretation</heading><subsection eId="section-65-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><intro>“accounting period”—</intro><level class="para1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-65-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><intro>“accounting period”—</intro><level class="para1"><num>(a)</num><content>in relation to a company within the charge t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-65-2"><num>(2)</num><intro>For the purposes of this Part—</intro><level class="para1" eId="section-65-2-a"><num>(a)</num><content>the territory in which a company is resident is to be determined as for corpor

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-65-2-a"><num>(a)</num><content>the territory in which a company is resident is to be determined as for corporation tax purposes, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-65-2-b"><num>(b)</num><content>the territory in which a partnership is resident is the territory in which the control and management of the activities of the partnership take place.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66"><num>66</num><heading>Commencement</heading><content>This Part has effect for the financial year beginning with April 2022 and subsequent financial years.</content></section>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-4"><num>PART 4</num><heading>Public interest business protection tax</heading><section eId="section-67"><num>67</num><heading>Public interest business protection tax</heading><subsection eId="section-67-1"><num>(1)</num><conten

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67"><num>67</num><heading>Public interest business protection tax</heading><subsection eId="section-67-1"><num>(1)</num><content>Schedule 10 makes provision about a tax charged in circumstances where a business for whi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-1"><num>(1)</num><content>Schedule 10 makes provision about a tax charged in circumstances where a business for which there is a special administration regime becomes subject to special administration or to other

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-2"><num>(2)</num><content>In this section “<term refersTo="#term-special-administration" eId="term-special-administration">special administration</term>”, “<term refersTo="#term-special-administration-regime" eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-stamp-duty-and-stamp-duty-reserve-tax"><heading>Stamp duty and stamp duty reserve tax</heading><section

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68"><num>68</num><heading>Securitisation companies and qualifying transformer vehicles</heading><subsection eId="section-68-1"><num>(1)</num><intro>The Treasury may by regulations make provision for stamp duty or stamp

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-1"><num>(1)</num><intro>The Treasury may by regulations make provision for stamp duty or stamp duty reserve tax (or both) not to be chargeable in connection with, or with a particular description of, the followin

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-1-a"><num>(a)</num><content>transfers of relevant securities issued or raised by a securitisation company or a qualifying transformer vehicle, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-1-b"><num>(b)</num><content>transfers of relevant securities to or by a securitisation company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-2"><num>(2)</num><intro>In this section, “<term refersTo="#term-relevant-securities" eId="term-relevant-securities">relevant securities</term>” means—</intro><level class="para1" eId="section-68-2-a"><num>(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-a"><num>(a)</num><content>stock or marketable securities (as defined in section 122 of the Stamp Act 1891), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-b"><num>(b)</num><content>chargeable securities (as defined in section 99 of FA 1986, subject to subsection <ref href="#section-68-8">(8)</ref>).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-3"><num>(3)</num><intro>Regulations under this section may, among other things—</intro><level class="para1" eId="section-68-3-a"><num>(a)</num><content>make provision for stamp duty not to be chargeable on

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-a"><num>(a)</num><content>make provision for stamp duty not to be chargeable on a written document relating to a transfer;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-b"><num>(b)</num><content>make provision for stamp duty reserve tax not to be chargeable on a transfer or an agreement for a transfer;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-c"><num>(c)</num><content>provide that a transfer is exempt from all stamp duties;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-d"><num>(d)</num><content>make provision subject to conditions;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-e"><num>(e)</num><content>make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-3-f"><num>(f)</num><content>contain incidental, consequential, transitional and transitory provision and savings.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-4"><num>(4)</num><content>The provision that may be made under subsection <ref href="#section-68-3-f">(3)(f)</ref> includes provision amending an enactment.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-5"><num>(5)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-6"><num>(6)</num><content>A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-7"><num>(7)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes subordinate legislation (as defined

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-8"><num>(8)</num><content>For the purposes of this section, “<term refersTo="#term-chargeable-securities" eId="term-chargeable-securities">chargeable securities</term>” includes securities that are not chargeable

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-value-added-tax"><heading>Value added tax</

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69"><num>69</num><heading>Interim operation of margin schemes for used cars etc: Northern Ireland</heading><subsection eId="section-69-1"><num>(1)</num><intro>Subsection <ref href="#section-69-2">(2)</ref> applies wher

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-1"><num>(1)</num><intro>Subsection <ref href="#section-69-2">(2)</ref> applies where a person supplies a margin scheme motor vehicle in the following circumstances—</intro><level class="para1" eId="section-69

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-1-a"><num>(a)</num><content>the vehicle was first registered before IP completion day,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-1-b"><num>(b)</num><content>the person took possession of it in Great Britain or the Isle of Man,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-1-c"><num>(c)</num><content>it was then removed to Northern Ireland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-1-d"><num>(d)</num><content>in respect of the supply, the person is prevented from exercising a margin scheme option by, and only by, a Northern Ireland exclusion.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-2"><num>(2)</num><content>The person may exercise the margin scheme option in respect of the supply (despite the Northern Ireland exclusion), subject to any regulations under subsection <ref href="#section-69-3">

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-3"><num>(3)</num><content>The Treasury may by regulations made by statutory instrument provide that a margin scheme option may not be exercised in reliance on subsection <ref href="#section-69-2">(2)</ref> where

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-4"><num>(4)</num><content>The Commissioners for Her Majesty’s Revenue and Customs may, in a notice published by them, direct that a margin scheme option may not be exercised in reliance on subsection <ref href="#

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-5"><num>(5)</num><content>Regulations under subsection <ref href="#section-69-3">(3)</ref> and notices under subsection <ref href="#section-69-4">(4)</ref> may specify different dates in relation to different cas

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-6"><num>(6)</num><content>The date specified in relation to a case in a notice under subsection <ref href="#section-69-4">(4)</ref> must fall after the end date specified in relation to the case.</content></s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-7"><num>(7)</num><content>A statutory instrument containing regulations under subsection <ref href="#section-69-3">(3)</ref> is subject to annulment in pursuance of a resolution of the House of Commons.</cont

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-8"><num>(8)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-1992-order" eId="term-the-1992-order">the 1992 Order</term>” means the Value Added Tax (Car

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-9"><num>(9)</num><content>Subsections <ref href="#section-69-1">(1)</ref> to <ref href="#section-69-8">(8)</ref> come into force on such day as the Treasury may by regulations made by statutory instrument appoint

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-10"><num>(10)</num><intro>Regulations under subsection <ref href="#section-69-9">(9)</ref>—</intro><level class="para1" eId="section-69-10-a"><num>(a)</num><content>may specify different days in relation t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-10-a"><num>(a)</num><content>may specify different days in relation to different cases, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-10-b"><num>(b)</num><content>may provide for subsections <ref href="#section-69-1">(1)</ref>, <ref href="#section-69-2">(2)</ref> and <ref href="#section-69-8">(8)</ref> to be treated as having come into

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-11"><num>(11)</num><content>The Treasury may by regulations made by statutory instrument make transitional, transitory or saving provision in connection with the coming into force of subsections <ref href="#secti

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70"><num>70</num><heading>Margin schemes and removal or export of goods: VAT-related payments</h

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-71"><num>71</num><heading>Margin schemes and removal or export of goods: zero-rating</heading><s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-71-1"><num>(1)</num><content>VATA 1994 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-71-2"><num>(2)</num><content><mod>In section 30 (zero-rating), after subsection (6) insert

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-71-3"><num>(3)</num><content><mod>In paragraph 3 of Schedule 9ZB (movements between Northe

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-71-4"><num>(4)</num><content>Subsections <ref href="#section-71-1">(1)</ref> to <ref href="#section-71-3">(3)</ref> come into force on such day as the Treasury may by regulations made by statutory instrument appoint

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-71-5"><num>(5)</num><content>Regulations under this section may specify different days for different purposes.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-71-6"><num>(6)</num><content>The Treasury may by regulations made by statutory instrument make transitional, transitory or saving provision in connection with the coming into force of subsections <ref href="#section

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-72"><num>72</num><heading>Relief on the importation of dental prostheses</heading><subsection eI

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-72-1"><num>(1)</num><content><mod>In Schedule 2 to the Value Added Tax (Imported Goods) Re

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-72-2"><num>(2)</num><intro>The amendment made by subsection <ref href="#section-72-1">(1)</ref>—</intro><level class="para1" eId="section-72-2-a"><num>(a)</num><content>has effect in relation to imports on or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-72-2-a"><num>(a)</num><content>has effect in relation to imports on or after IP completion day, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-72-2-b"><num>(b)</num><content>is to be treated as having been made under section 37(1) of VATA 1994 (VAT on importation of goods: reliefs etc) (and may be amended or revoked under that power accordingly).<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-73"><n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-73-1"><num>(1)</num><content>In Schedule 7A to FA 1994 (insurance premium tax: contracts that are not taxable), paragraph 8 (contracts relating to risks outside the United Kingdom) is amended as follows.</conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-73-2"><num>(2)</num><content><mod>In sub-paragraph (2) for the words from “regulations made under section 424(3) of the Financial Services and Markets Act 2000” to the end substitute <quotedText>“the Table in sub-pa

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-73-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-73-4"><num>(4)</num><content>The amendments made by this section have effect in relation to contracts of insurance entered into on or after the day on which this Act is passed.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-import-duty"><heading>Import duty</heading>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-74"><num>74</num><heading>Transitioned trade remedies: decisions by Secretary of State</heading>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-1"><num>(1)</num><content>Subsections <ref href="#section-74-2">(2)</ref> to <ref href="#section-74-10">(10)</ref> apply where a relevant review or reconsideration of a transitioned trade remedy has been initiate

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-2"><num>(2)</num><intro>The Secretary of State may notify the TRA in writing that, in relation to the matters under review or reconsideration, the Secretary of State is to decide whether to—</intro><level cla

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-2-a"><num>(a)</num><content>vary, maintain or revoke a tariff rate quota, anti-dumping amount or countervailing amount that is applicable to the goods to which the review or reconsideration relates, or</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-2-b"><num>(b)</num><content>replace a tariff rate quota that is applicable to the goods to which the review or reconsideration relates with an additional amount of import duty.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-3"><num>(3)</num><intro>Accordingly—</intro><level class="para1" eId="section-74-3-a"><num>(a)</num><content>functions of the TRA that would otherwise be exercisable in relation to the matters under review

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-3-a"><num>(a)</num><content>functions of the TRA that would otherwise be exercisable in relation to the matters under review or reconsideration cease to be exercisable by the TRA (but this is subject to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-3-b"><num>(b)</num><content>the Secretary of State’s decision need not be based on a recommendation or decision of the TRA in relation to the matters under review or reconsideration;</content></level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-3-c"><num>(c)</num><content>provisions made by the Safeguards Regulations, the Dumping and Subsidisation Regulations and the Reconsideration and Appeals Regulations have effect subject to provision made

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-4"><num>(4)</num><content>The Secretary of State must publish notice giving effect to a decision under subsection <ref href="#section-74-2">(2)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-5"><num>(5)</num><content>The Secretary of State may by regulations make provision for the purposes of subsection <ref href="#section-74-2">(2)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-6"><num>(6)</num><intro>The following are examples of provision that regulations under subsection <ref href="#section-74-5">(5)</ref> may make in relation to a decision under subsection (2)—</intro><level cla

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-a"><num>(a)</num><content>provision specifying steps that are to be taken by the Secretary of State before notifying the TRA under subsection <ref href="#section-74-2">(2)</ref>,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-b"><num>(b)</num><content>provision specifying factors that are, or are not, to be taken into account by the Secretary of State in making the decision,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-c"><num>(c)</num><content>provision treating steps taken by the TRA in relation to the matters under review or reconsideration as steps taken by the Secretary of State,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-d"><num>(d)</num><content>provision requiring the TRA to do specified things of any kind (including things specified by the Secretary of State in directions) for the purpose of assisting the Secretary

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-e"><num>(e)</num><content>provision authorising the disclosure of information between the Secretary of State and the TRA,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-f"><num>(f)</num><content>provision treating notice of the decision and anything having effect under the decision as having effect under TCTA 2018,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-g"><num>(g)</num><content>provision for and in connection with appeals against the decision, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-6-h"><num>(h)</num><content>provision amending or otherwise modifying the Safeguards Regulations, the Dumping and Subsidisation Regulations or the Reconsideration and Appeals Regulations.</content></

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-7"><num>(7)</num><intro>For the purposes of this section—</intro><level class="para1" eId="section-74-7-a"><num>(a)</num><intro>a relevant review or reconsideration of a transitioned trade remedy is initia

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-7-a"><num>(a)</num><intro>a relevant review or reconsideration of a transitioned trade remedy is initiated when—</intro><level class="para2" eId="section-74-7-a-i"><num>(i)</num><content>the TRA p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-a-i"><num>(i)</num><content>the TRA publishes notice of initiation of a review under regulation 49(2)(a) of the Safeguards Regulations or regulation 98(1) of the Dumping and Subsidisation Regulations,<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-a-ii"><num>(ii)</num><content>the TRA publishes notice of initiation of a reconsideration of an original decision under regulation 12(1) of the Reconsideration and Appeals Regulations, or</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-a-iii"><num>(iii)</num><content>the Upper Tribunal refers an original decision back to the TRA under regulation 18(3) of the Reconsideration and Appeals Regulations;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-7-b"><num>(b)</num><intro>a relevant review or reconsideration of a transitioned trade remedy is concluded when—</intro><level class="para2" eId="section-74-7-b-i"><num>(i)</num><content>the Secre

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-b-i"><num>(i)</num><content>the Secretary of State accepts or rejects the TRA’s recommendation or decision following the review or reconsideration,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-b-ii"><num>(ii)</num><content>the TRA publishes notice or notifies the Secretary of State that it is upholding the original decision under regulation 14(5) of the Reconsideration and Appeals Regulation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-74-7-b-iii"><num>(iii)</num><content>the TRA makes a new decision following a referral by the Upper Tribunal under regulation 18(3) of the Reconsideration and Appeals Regulations.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-8"><num>(8)</num><intro>For the purposes of subsection <ref href="#section-74-7">(7)</ref>, an “<term refersTo="#term-original-decision" eId="term-original-decision">original decision</term>” means a recommendati

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-8-a"><num>(a)</num><content>regulation 100(1) of the Dumping and Subsidisation Regulations, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-74-8-b"><num>(b)</num><content>regulation 51(1) of the Safeguards Regulations.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-9"><num>(9)</num><content>Section 32(7) and (8) of TCTA 2018 apply to regulations made under this section as if they were regulations made under Part 1 of that Act.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-10"><num>(10)</num><content>Regulations under this section are to be made by statutory instrument; and an instrument containing regulations made under this section is subject to annulment in pursuance of a resolu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-74-11"><num>(11)</num><content><mod>In regulation 14 of the Reconsideration and Appeals Re

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-12"><num>(12)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-safeguards-regulations" eId="term-the-safeguards-regulations">the Safeguards Regulations<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-reconsideration-and-appeals-regulations" eId="term-the-reconsideration-and-appeals-regulations">the Reconsideration and Appeals Regulations</term>” means the Trade Remedies (

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-northern-ireland-exclusion" eId="term-northern-ireland-exclusion">Northern Ireland exclusion</term>” means article 8(3)(e) of the 1992 Order (used motor car removed to Northern I

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-74-13"><num>(13)</num><content>This section is treated as having come into force on 3 November 2021.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-75"><num>75</num><heading>Reference documents: amount of import duty</heading><content><mod>A

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-fuel-duties"><heading>Fuel duties</heading><section eId="section-76"><num>76</num><heading>Restriction

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76"><num>76</num><heading>Restriction of use of rebated diesel and biofuels</heading><subsection eId="section-76-1"><num>(1)</num><intro>Schedule 11 makes—</intro><level class="para1" eId="section-76-1-a"><num>(a)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-1"><num>(1)</num><intro>Schedule 11 makes—</intro><level class="para1" eId="section-76-1-a"><num>(a)</num><content>provision amending HODA 1979 to restrict the use of rebated diesel and biofuels to specifi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-1-a"><num>(a)</num><content>provision amending HODA 1979 to restrict the use of rebated diesel and biofuels to specified categories of machines, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-1-b"><num>(b)</num><content>related provision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-2"><num>(2)</num><content>Part 1 of Schedule 11 comes into force on 1 April 2022.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-3"><num>(3)</num><intro>The Treasury may by regulations—</intro><level class="para1" eId="section-76-3-a"><num>(a)</num><content>make provision that is consequential on Schedule 11;</content></level><l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-3-a"><num>(a)</num><content>make provision that is consequential on Schedule 11;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-3-b"><num>(b)</num><content>such supplementary, incidental, transitional, transitory or saving provision as the Treasury consider appropriate in connection with the coming into force of Schedule 11.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-4"><num>(4)</num><intro>Regulations under subsection <ref href="#section-76-3">(3)</ref> may—</intro><level class="para1" eId="section-76-4-a"><num>(a)</num><content>amend, repeal or revoke provision made

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-4-a"><num>(a)</num><content>amend, repeal or revoke provision made by or under an Act passed before this Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-76-4-b"><num>(b)</num><content>make different provision for different purposes or areas.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-5"><num>(5)</num><content>Regulations under subsection <ref href="#section-76-3">(3)</ref> are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-6"><num>(6)</num><content>A statutory instrument containing regulations under subsection <ref href="#section-76-3">(3)</ref> is subject to annulment in pursuance of a resolution of the House of Commons.</cont

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76-7"><num>(7)</num><content><mod>In Schedule 11 to FA 2020 (amendments of HODA 1979 relating to private pleasure craft), in paragraph 21 (power to make consequential amendments), after “<term refersTo="#term-fa-202

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-77"><n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-77-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-77-2"><num>(2)</num><intro>In consequence of the provision made by subsection (1), in Schedule 2 to the Travellers’ Allowances Order 1994 (which provides in certain circumstances for a simplified calculation of exci

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-a"><num>(a)</num><content><mod>in the entry relating to cigarettes, for “£320.90” substitute <quotedText>“£347.86”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-b"><num>(b)</num><content><mod>in the entry relating to hand rolling tobacco, for “£271.40” substitute <quotedText>“£302.34”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-c"><num>(c)</num><content><mod>in the entry relating to other smoking tobacco and chewing tobacco, for “£134.24” substitute <quotedText>“£144.17”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-d"><num>(d)</num><content><mod>in the entry relating to cigars, for “£305.32” substitute <quotedText>“£327.92”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-e"><num>(e)</num><content><mod>in the entry relating to cigarillos, for “£305.32” substitute <quotedText>“£327.92”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-f"><num>(f)</num><content><mod>in the entry relating to tobacco for heating, for “£75.48” substitute <quotedText>“£81.07”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-77-3"><num>(3)</num><content>The amendments made by this section are treated as having come into force at 6pm on 27 October 2021.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-78"><n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-1"><num>(1)</num><content>Schedule 1 to VERA 1994 (annual rates of vehicle excise duty) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-2"><num>(2)</num><intro>In paragraph 1 (general rate)—</intro><level class="para1" eId="section-78-2-a"><num>(a)</num><content><mod>in sub-paragraph (2) (vehicle not covered elsewhere in Schedule with engi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-2-a"><num>(a)</num><content><mod>in sub-paragraph (2) (vehicle not covered elsewhere in Schedule with engine cylinder capacity exceeding 1,549cc), for “£280” substitute <quotedText>“£295”</quotedText>, a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-2-b"><num>(b)</num><content><mod>in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with engine cylinder capacity not exceeding 1,549cc), for “£170” substitute <quotedText>“£180”</quotedTex

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-78-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-78-4"><num>(4)</num><content><mod>In the sentence immediately following the Table in that

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-78-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-7"><num>(7)</num><intro>In paragraph 1GD(1) (rates for any other licence for light passenger vehicles registered on or after 1 April 2017)—</intro><level class="para1" eId="section-78-7-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-7-a"><num>(a)</num><content><mod>in paragraph (a) (reduced rate), for “£145” substitute <quotedText>“£155”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-7-b"><num>(b)</num><content><mod>in paragraph (b) (standard rate), for “£155” substitute <quotedText>“£165”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-8"><num>(8)</num><intro>In paragraph 1GE(2) (rates for light passenger vehicles registered on or after 1 April 2017 with a price exceeding £40,000)—</intro><level class="para1" eId="section-78-8-a"><num>(a)</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-8-a"><num>(a)</num><content><mod>in paragraph (a), for “£480” substitute <quotedText>“£510”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-8-b"><num>(b)</num><content><mod>in paragraph (b), for “£490” substitute <quotedText>“£520”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-9"><num>(9)</num><content><mod>In paragraph 1J(a) (rates for light goods vehicles that are not pre-2007 or post-2008 lower emission vans), for “£275” substitute <quotedText>“£290”</quotedText>.</mod></content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-10"><num>(10)</num><intro>In paragraph 2(1) (rates for motorcycles)—</intro><level class="para1" eId="section-78-10-a"><num>(a)</num><content><mod>in paragraph (a) (engine cylinder capacity not exceeding 1

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-10-a"><num>(a)</num><content><mod>in paragraph (a) (engine cylinder capacity not exceeding 150cc), for “£21” substitute <quotedText>“£22”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-10-b"><num>(b)</num><content><mod>in paragraph (b) (motorbicycles with engine cylinder capacity exceeding 150cc but not exceeding 400cc), for “£45” substitute <quotedText>“£47”</quotedText>,</mod></c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-10-c"><num>(c)</num><content><mod>in paragraph (c) (motorbicycles with engine cylinder capacity exceeding 400cc but not exceeding 600cc), for “£69” substitute <quotedText>“£73”</quotedText>, and</mod></p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-78-10-d"><num>(d)</num><content><mod>in paragraph (d) (other cases), for “£96” substitute <quotedText>“£101”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-11"><num>(11)</num><content>The amendments made by this section have effect in relation to licences taken out on or after 1 April 2022.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-79"><num>79</num><heading>Vehicle excise duty: exemption for certain cabotage operations</headin

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-79-1"><num>(1)</num><content>The Motor Vehicles (International Circulation) Order 1975 (<ref eId="c00015" href="http://www.legislation.gov.uk/id/uksi/1975/1208">S.I. 1975/1208</ref>) is modified in accordance with s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-79-2"><num>(2)</num><intro>Article 5 (excise exemption and documents for vehicles brought

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-79-2-a"><num>(a)</num><content><mod>in paragraph (2), after sub-paragraph (c) the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-79-2-b"><num>(b)</num><content><mod>after paragraph (2) there were inserted—<quot

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80"><num>80</num><heading>HGV road user levy: extension of suspension</heading><subsection eId="section-80-1"><num>(1)</num><content><mod>In section 88 of FA 2020 (suspension of HGV road user levy), in subsection (3) (

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-1"><num>(1)</num><content><mod>In section 88 of FA 2020 (suspension of HGV road user levy), in subsection (3) (exempt period), for “24” substitute <quotedText>“36”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-2"><num>(2)</num><content>In FA 2021 omit section 106 (HGV road user levy: extension of suspension).</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-81"><n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-81-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-81-2"><num>(2)</num><content>The amendment made by this section has effect in relation to accounting periods beginning on or after 1 April 2022.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-penalties-relating-to-excise-duty"><heading>Penalties relating to excise duty</heading><section eId="se

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82"><num>82</num><heading>Excise duty: penalties</heading><subsection eId="section-82-1"><num>(1)</num><content>Schedule 41 to FA 2008 (penalties: failure to notify and certain VAT and excise wrongdoing) is amended as

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-1"><num>(1)</num><content>Schedule 41 to FA 2008 (penalties: failure to notify and certain VAT and excise wrongdoing) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-2"><num>(2)</num><content><mod>In paragraph 1 (penalty payable on failure to comply with relevant obligation), in the table (relevant obligations), in the fourth entry for “excise duties”, for “their release for

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-3"><num>(3)</num><content><mod>In paragraph 4 (handling goods subject to unpaid excise duty etc), in sub-paragraph (2), in the definition of “excise duty point”, after “1992” insert <quotedText>“(and includes any

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-4"><num>(4)</num><content>This section is treated as having come into force on 3 November 2021.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-environmental-taxes"><heading>Environmental taxes</heading><section eId="section-83"><num>83</num><head

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83"><num>83</num><heading>Rates of landfill tax</heading><subsection eId="section-83-1"><num>(1)</num><content>Section 42 of FA 1996 (amount of landfill tax) is amended as follows.</content></subsection><subsection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83-1"><num>(1)</num><content>Section 42 of FA 1996 (amount of landfill tax) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83-2"><num>(2)</num><content><mod>In subsection (1)(a) (standard rate), for “£96.70” substitute <quotedText>“£98.60”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83-3"><num>(3)</num><intro>In subsection (2) (reduced rate for certain disposals), in the words after paragraph (b)—</intro><level class="para1" eId="section-83-3-a"><num>(a)</num><content><mod>for “£96.70” s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-83-3-a"><num>(a)</num><content><mod>for “£96.70” substitute <quotedText>“£98.60”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-83-3-b"><num>(b)</num><content><mod>for “£3.10” substitute <quotedText>“£3.15”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83-4"><num>(4)</num><content>The amendments made by this section have effect in relation to disposals made (or treated as made) on or after 1 April 2022.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-84"><num>84</num><heading>Plastic packaging tax</heading><content>Schedule 12 makes miscellaneous amendments to Part 2 of FA 2021 (plastic packaging tax).</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-avoidance"><heading>Avoidance</heading><sec

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-85"><num>85</num><heading>Winding-up petitions by an officer of Revenue and Customs</heading><subsection eId="section-85-1"><num>(1)</num><content>Subsec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-1"><num>(1)</num><content>Subsection <ref href="#section-85-2">(2)</ref> applies where it appears to an officer of Revenue and Customs that it is expedient in the public interest, for the purposes of protecting t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-2"><num>(2)</num><content>The officer may present a petition to the court for the winding up of the body.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-3"><num>(3)</num><content>On such a petition, the court may wind up the body if the court is of the opinion that it is just and equitable that it should be wound up.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-85-4"><num>(4)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-court" eId="term-court">court</t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-5"><num>(5)</num><content>If a petition is presented under subsection <ref href="#section-85-2">(2)</ref> for the winding up of a partnership, the court has jurisdiction, and the Insolvency Act 1986 (or the Insol

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-6"><num>(6)</num><content>The rules governing the practice and procedure (including fees) in respect of petitions under section 124A of the Insolvency Act 1986 or Article 104A of the Insolvency (Northern Ireland)

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-86"><num>86</num><heading>Publication by HMRC of information about tax avoidance schemes</headin

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-1"><num>(1)</num><intro>If an authorised officer suspects that a proposal or arrangements are a relevant proposal or relevant arrangements the officer may arrange for the publication of any information (including

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-1-a"><num>(a)</num><content>informing taxpayers about risks associated with, or concerns the officer has about, the proposal or arrangements, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-1-b"><num>(b)</num><content>protecting the public revenue.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-2"><num>(2)</num><intro>The information that may be published includes information (including documents) identifying or about any person—</intro><level class="para1" eId="section-86-2-a"><num>(a)</num><intro>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-2-a"><num>(a)</num><intro>who is or has been, or who the officer suspects is or has been—</intro><level class="para2" eId="section-86-2-a-i"><num>(i)</num><content>a promoter in relation to the pr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-86-2-a-i"><num>(i)</num><content>a promoter in relation to the proposal or arrangements,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-86-2-a-ii"><num>(ii)</num><content>a connected person in relation to the proposal or arrangements or to a person within sub-paragraph (i), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-86-2-a-iii"><num>(iii)</num><content>a member of a promotion structure any member of which has or has had, or is suspected by the officer of having or having had, a role in relation to making the proposal o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-2-b"><num>(b)</num><content>who has or has had, or who the officer suspects has or has had, any other role in relation to making the proposal or arrangements available for implementation.</content></

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-86-3"><num>(3)</num><intro>No information may be published under this section that identif

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-86-3-a"><num>(a)</num><content>who is not within subsection (2), <noteRef href="#

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-86-3-b"><num><noteRef href="#key-48fadb7abb7a93fef6f5d03b5e59c1b7" uk:name="commenta

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-4"><num>(4)</num><content>Information may be published under this section in such manner as the officer considers appropriate, including by communicating it to particular persons.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-86-5"><num>(5)</num><intro>If an authorised officer intends to publish information under t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-5-a"><num>(a)</num><content>notify the person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-86-5-b"><num>(b)</num><intro>give the person 30 days from that notification in wh

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para2" eId="section-86-5-b-i"><num><ins class="first last" ukl:ChangeId="key-66e0e5b51c518f39c381214f7b3

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-86-6"><num>(6)</num><content>Before arranging for the publication of information under thi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-7"><num>(7)</num><content>An authorised officer must amend or withdraw information published under this section if the officer subsequently considers it to be incorrect or misleading in a significant respect.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-8"><num>(8)</num><content>Nothing in this section authorises a disclosure of information if the disclosure would contravene the data protection legislation or would be prohibited by the investigatory powers legis

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-9"><num>(9)</num><intro>In subsection (8)—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protecti

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means a person—</intro><level class="para1"><num>(a)</num><content>who has any remediable service in an e

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-20" class="schProv1"><num>20</num><content>In section 613 (films and sound recordings: application of trading income rules to non-trade businesses), omit paragraph (a) and the “and” at the end of that pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><content>Omit section 30 of FA 2013 (loss relief surrenderable by non-UK resident established in EEA state).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-14-paragraph-3-1"><num>(1)</num><content>A person (“<term refersTo="#term-p" eId="term-p">P</term>”) who supplies an electronic sales suppress

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-14-paragraph-6-1"><num>(1)</num><intro>A person (“<term refersTo="#term-p" eId="term-p">P</term>”) is liable to a penalty not exceeding £1,000

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-9" class="schProv1"><num>9</num><content>A person is not liable to an electronic sales suppression penalty in respect of anything in respect of which the person has been convicted of an offence.</co

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-14-paragraph-12-1"><num>(1)</num><intro>A person may appeal against—</intro><level class="para1" eId="schedule-14-paragraph-12-1-a"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-14-paragraph-15-1"><num>(1)</num><content>If it appears to the Treasury that there has been a change in the value of money since the last re

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-18" class="schProv1"><num>18</num><intro>In its application for a relevant purpose in relation to a relevant person, Schedule 36 to FA 2008 has effect as if—</intro><level class="para1" eId="schedul

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-18-a"><num>(a)</num><content>any provision which can have no application for that purpose were omitted;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-18-b"><num>(b)</num><content>references to “the taxpayer” were to “the relevant person”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-18-c"><num>(c)</num><content>references to prejudice to the assessment or collection of tax included prejudice to the fulfilment of a relevant purpose;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-18-d"><num>(d)</num><content>references to a pending appeal relating to tax were to a pending appeal by the relevant person under paragraph <ref href="#schedule-14-paragraph-12">12</ref> of th

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-17-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="s

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-12" class="schProv1"><num>12</num><intro>For the purposes of this Part, a “<term refersTo="#term-tax-advantage" eId="term-tax-advantage">tax advantage</term>” in relation to income tax or corporation ta

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-a"><num>(a)</num><content>a relief or increased relief from tax;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-b"><num>(b)</num><content>repayment or increased repayment of tax;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-c"><num>(c)</num><content>avoidance or reduction of a charge to tax or an assessment to tax;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-d"><num>(d)</num><content>avoidance of a possible assessment to tax;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-e"><num>(e)</num><content>deferral of a payment of tax or advancement of a repayment of tax;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-12-f"><num>(f)</num><content>avoidance of an obligation to deduct or account for tax.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-17-paragraph-15-1"><num>(1)</num><intro>For the purposes of the threshold test in paragraph <ref href="#schedule-17-paragraph-11-2">11(2)</r

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-17-paragraph-18-1"><num>(1)</num><content>A company or partnership is not required by paragraph <ref href="#schedule-17-paragraph-8-2">8(2)<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-17-paragraph-21-1"><num>(1)</num><intro>This paragraph applies for determining whether a company’s or partnership’s failure to give a notifi

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-17-paragraph-24-1"><num>(1)</num><intro>A person may appeal against—</intro><level class="para1" eId="schedule-17-paragraph-24-1-a"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-27" class="schProv1"><num>27</num><content>In this Part, “<term refersTo="#term-tribunal" eId="term-tribunal">tribunal</term>” means the First-tier Tribunal.</content></paragraph>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-10"><num>(10)</num><content>Nothing in this section limits the circumstances in which information may be disclosed under section 18(2) of the Commissioners for Revenue and Customs Act 2005 or under any other enac

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-11"><num>(11)</num><intro>For the purposes of this section, a person is a connected person in relation to a proposal or arrangements, or a person within subsection (2)(a)(i), if the person is—</intro><level c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-11-a"><num>(a)</num><content>involved in the promotion of the proposal or arrangements;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-11-b"><num>(b)</num><content>in the case of a proposal or arrangements that involve a trust, a settlor, trustee or beneficiary of the trust, or other person involved in the administration of the trust;</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-11-c"><num>(c)</num><content>a director, manager, secretary or other similar officer of the person within subsection (2)(a)(i);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-11-d"><num>(d)</num><content>a person who controls or has significant influence over (within the meaning of Part 2 of Schedule 34 to FA 2014) the person within subsection (2)(a)(i);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-86-11-e"><num>(e)</num><content>an employee or shareholder of the person within subsection (2)(a)(i).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-12"><num>(12)</num><content>In this section “<term refersTo="#term-authorised-officer" eId="term-authorised-officer">authorised officer</term>” means an officer of Revenue and Customs who is, or is a member of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-13"><num>(13)</num><content>Expressions used in Part 5 of FA 2014 have the same meaning in this section as in that Part, unless the contrary intention appears (and, in particular, see sections 234 and 235 of FA 2

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87"><num>87</num><heading>Freezing orders: England and Wales</heading><subsection eId="section-87-1"><num>(1)</num><intro>Subsection <ref href="#section-87-2">(2)</ref> applies where —</intro><level class="para1" e

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87-1"><num>(1)</num><intro>Subsection <ref href="#section-87-2">(2)</ref> applies where —</intro><level class="para1" eId="section-87-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-87-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a court in England and Wales for a freezing order in relation to a relevant penalty (see section 90) before the penalty is determin

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-87-1-b"><num>(b)</num><intro>the court considering the application is satisfied that HMRC have a good arguable case in relation to the penalty and—</intro><level class="para2" eId="section-87-1-b-i"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-87-1-b-i"><num>(i)</num><content>have commenced proceedings before the First-tier Tribunal in relation to it, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-87-1-b-ii"><num>(ii)</num><content>intend to commence proceedings before the First-tier Tribunal in relation to it within the initial period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87-2"><num>(2)</num><content>The court is to determine the application as if it were being made immediately after the First-tier Tribunal had determined the penalty on the basis sought, or to be sought, by HMRC.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87-3"><num>(3)</num><content>A freezing order granted by virtue of subsection <ref href="#section-87-2">(2)</ref> may not take effect unless HMRC commence proceedings before the First-tier Tribunal in relation to th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87-4"><num>(4)</num><content>In this section, a “freezing order” is an order granted in accordance with rule 25.1(1)(f) of the Civil Procedure Rules.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-88"><num>88</num><heading>Warrants for diligence on the dependence: Scotland</heading><subsection eId="section-88-1"><num>(1)</num><intro>Subsection <ref href="#section-88-2">(2)</ref> applies where —</intro><level

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-88-1"><num>(1)</num><intro>Subsection <ref href="#section-88-2">(2)</ref> applies where —</intro><level class="para1" eId="section-88-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-88-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a court in Scotland for a warrant for diligence on the dependence under Part 1A of the Debtors (Scotland) Act 1987 in relation to a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-88-1-b"><num>(b)</num><intro>the court considering the application is satisfied that HMRC have a good arguable case in relation to the penalty and—</intro><level class="para2" eId="section-88-1-b-i"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-88-1-b-i"><num>(i)</num><content>have commenced proceedings before the First-tier Tribunal in relation to it, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-88-1-b-ii"><num>(ii)</num><content>intend to commence proceedings before the First-tier Tribunal in relation to it within the initial period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-88-2"><num>(2)</num><content>The court is to determine the application as if the relevant penalty were a contingent debt in terms of section 15C of the 1987 Act.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-88-3"><num>(3)</num><content>Execution of diligence on the dependence under a warrant granted under Part 1A of the 1987 Act in relation to a relevant penalty is not competent unless HMRC commence proceedings before

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89"><num>89</num><heading>Freezing injunctions: Northern Ireland</heading><subsection eId="section-89-1"><num>(1)</num><intro>Subsection <ref href="#section-89-2">(2)</ref> applies where —</intro><level class="para

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-1"><num>(1)</num><intro>Subsection <ref href="#section-89-2">(2)</ref> applies where —</intro><level class="para1" eId="section-89-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-1-a"><num>(a)</num><content>an application is made on behalf of HMRC to a court in Northern Ireland for a freezing injunction in relation to a relevant penalty (see section 90) before the penalty is dete

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-1-b"><num>(b)</num><intro>the court considering the application is satisfied that HMRC have a good arguable case in relation to the penalty and—</intro><level class="para2" eId="section-89-1-b-i"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-89-1-b-i"><num>(i)</num><content>have commenced proceedings before the First-tier Tribunal in relation to it, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-89-1-b-ii"><num>(ii)</num><content>intend to commence proceedings before the First-tier Tribunal in relation to it within the initial period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-2"><num>(2)</num><content>The court is to determine the application as if it were being made immediately after the First-tier Tribunal had determined the penalty on the basis sought, or to be sought, by HMRC.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-3"><num>(3)</num><content>A freezing injunction granted by virtue of subsection <ref href="#section-89-2">(2)</ref> may not take effect unless HMRC commence proceedings before the First-tier Tribunal in relation

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-4"><num>(4)</num><intro>In this section, a “freezing injunction” is an injunction granted in accordance with Order 29 of the Rules of the Court of Judicature (NI) 1980 (<ref eId="c00019" href="http://www.legislat

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-4-a"><num>(a)</num><content>removing from the jurisdiction assets located there, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-4-b"><num>(b)</num><content>dealing with any assets, whether located within the jurisdiction or not.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-90"><num>90</num><heading>Sections 87, 88 and 89: interpretation etc</heading><subsection eId="s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-90-1"><num>(1)</num><content>This section applies for the purposes of sections 87, 88 and 89.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-90-2"><num>(2)</num><content>“<term refersTo="#term-hmrc" eId="term-hmrc">HMRC</term>” means “Her Majesty’s Revenue and Customs”.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-90-3"><num>(3)</num><intro>A relevant penalty is a penalty that is to be determined by the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-90-3-a"><num><noteRef href="#key-b43b53b5f847788bea7663f66e7751b5" uk:name="commenta

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-3-b"><num>(b)</num><content>Schedule 35 to FA 2014 (promoters of tax avoidance schemes: penalties);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-3-c"><num>(c)</num><content>Schedule 36 to FA 2008 (information and inspection powers) as it has effect in relation to Schedule 16 to F(No.2)A 2017 (penalties for enablers of defeated tax avoidance) (see

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-90-3-d"><num><noteRef href="#key-0073f108de0da491bce1ca7a3af33a12" uk:name="commenta

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-90-4"><num>(4)</num><content>The “initial period” is the period of 72 hours beginning with the time at which the application mentioned in section 87, 88 or 89, as the case may be, is determined.</content></subse

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-90-5"><num>(5)</num><intro>In calculating the period of 72 hours in subsection (4), disregard the whole of any day that is—</intro><level class="para1" eId="section-90-5-a"><num>(a)</num><content>a Saturday,<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-5-a"><num>(a)</num><content>a Saturday,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-5-b"><num>(b)</num><content>a Sunday,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-5-c"><num>(c)</num><content>Christmas Day,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-5-d"><num>(d)</num><content>Good Friday, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-90-5-e"><num>(e)</num><content>a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom in which the application mentioned in section 87, 88 or 89, as the case may

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-91"><num>91</num><heading>Penalties for facilitating avoidance schemes involving non-resident pr

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-91-1"><num>(1)</num><content>Schedule 13 makes provision for and about penalties for facilitating avoidance schemes involving non-resident promoters.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-91-2"><num>(2)</num><content><mod>In consequence of that Schedule, in Schedule 13 to FA 20

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-92"><num>92</num><heading>Electronic sales suppression penalties</heading><intro>Schedule 14 makes provision for and in connection with—</intro><level class="para1" eId="section-92-a"><num>(a)</num><content>pena

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-92-a"><num>(a)</num><content>penalties for persons who engage in activities involving tools used, or capable of being used, to suppress electronic sales records, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-92-b"><num>(b)</num><content>powers for Her Majesty’s Revenue and Customs to gather information in relation to such persons and such tools.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93"><num>93</num><heading>Tobacco products: tracing and security</heading><subsection eId="secti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-93-1"><num>(1)</num><content>TPDA 1979 is amended in accordance with subsections <ref href="#section-93-2">(2)</ref> to <ref href="#section-93-4">(4)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93-2"><num>(2)</num><content><mod>After section 8J insert—<quotedStructure startQuote="&#x

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-93-3"><num>(3)</num><content><mod>In section 9 (regulations), in subsection (1A) after “section” insert <quotedText>“<ref href="#d25e10718">8JA</ref>,”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93-4"><num>(4)</num><content><mod>In section 10 (interpretation), in subsection (3), after

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93-5"><num>(5)</num><content><mod>In Schedule 41 to FA 2008 (penalties for certain VAT and

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-free-zones-and-freeports"><heading>Free zones and freeports</heading><section eId="section-94"><num>94<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-94"><num>94</num><heading>Treatment of goods in free zones</heading><content>Schedule 15 makes provision about the treatment of goods in free zones for the purposes of value added tax.</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-95"><num>95</num><heading>Freeport tax site reliefs: provision about regulations</heading><content>Schedule 16 makes provision about powers to vary the circumstances in which certain reliefs are available in relation t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-uncertain-tax-treatment"><heading>Uncertain tax treatment</heading><section eId="section-96"><num>96</n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-96"><num>96</num><heading>Large businesses: notification of uncertain tax treatment</heading><content>Schedule 17 makes provision requiring bodies to notify Her Majesty’s Revenue and Customs if amounts included in a ta

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-discovery-assesments-etc"><heading>Discover

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-97"><num>97</num><heading>Discovery assessments for unassessed income tax or capital gains tax</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-97-1"><num>(1)</num><content><mod>In section 29 of TMA 1970 (assessment where loss of tax

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-2"><num>(2)</num><content>In the Registered Pension Schemes (Accounting and Assessment) Regulations 2005 (<ref eId="c00027" href="http://www.legislation.gov.uk/id/uksi/2005/3454">S.I. 2005/3454</ref>), omit regul

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-3"><num>(3)</num><intro>The amendments made by this section—</intro><level class="para1" eId="section-97-3-a"><num>(a)</num><content>have effect in relation to the tax year 2021-22 and subsequent tax years

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-3-a"><num>(a)</num><content>have effect in relation to the tax year 2021-22 and subsequent tax years, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-3-b"><num>(b)</num><content>also have effect in relation to the tax year 2020-21 and earlier tax years but only if the discovery assessment is a relevant protected assessment (see subsections <ref href="

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-4"><num>(4)</num><intro>A discovery assessment is a relevant protected assessment if it is in respect of an amount of tax chargeable under—</intro><level class="para1" eId="section-97-4-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-4-a"><num>(a)</num><content>Chapter 8 of Part 10 of ITEPA 2003 (high income child benefit charge),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-4-b"><num>(b)</num><content>section 424 of ITA 2007 (gift aid: charge to tax),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-4-c"><num>(c)</num><content>section 205 or 206 of FA 2004 (pensions) but only where the section is applied by Schedule 34 to that Act, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-4-d"><num>(d)</num><content>section 208, 209, 214, 227 or 244A of FA 2004 (pensions), including where the section is applied by that Schedule.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-5"><num>(5)</num><intro>But a discovery assessment is not a relevant protected assessment if it is subject to an appeal notice of which was given to HMRC on or before 30 June 2021 where—</intro><level class="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-5-a"><num>(a)</num><content>an issue in the appeal is that the assessment is invalid as a result of its not relating to the discovery of income which ought to have been assessed to income tax but which h

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-5-b"><num>(b)</num><content>the issue was raised on or before 30 June 2021 (whether by the appellant or in a decision given by the tribunal).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-6"><num>(6)</num><intro>In addition, a discovery assessment is not a relevant protected assessment if—</intro><level class="para1" eId="section-97-6-a"><num>(a)</num><content>it is subject to an appeal not

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-6-a"><num>(a)</num><content>it is subject to an appeal notice of which was given to HMRC on or before 30 June 2021,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-6-b"><num>(b)</num><content>the appeal is subject to a temporary pause which occurred before 27 October 2021, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-6-c"><num>(c)</num><content>it is reasonable to conclude that the temporary pausing of the appeal occurred (wholly or partly) on the basis that an issue of a kind mentioned in subsection <ref href="#sect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-7"><num>(7)</num><intro>For the purposes of this section the cases where notice of an appeal was given to HMRC on or before 30 June 2021 include a case where—</intro><level class="para1" eId="section-97-7-a">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-7-a"><num>(a)</num><content>notice of an appeal is given after that date as a result of section 49 of TMA 1970, but</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-7-b"><num>(b)</num><content>a request in writing was made to HMRC on or before that date seeking HMRC’s agreement to the notice being given after the relevant time limit (within the meaning of that secti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-8"><num>(8)</num><intro>For the purposes of this section an appeal is subject to a temporary pause which occurred before 27 October 2021 if—</intro><level class="para1" eId="section-97-8-a"><num>(a)</num><con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-8-a"><num>(a)</num><content>the appeal has been stayed by the tribunal before that date,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-8-b"><num>(b)</num><content>the parties to the appeal have agreed before that date to stay the appeal, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-8-c"><num>(c)</num><content>HMRC have notified the appellant (“<term refersTo="#term-a" eId="term-a">A</term>”) before that date that they are suspending work on the appeal pending the determination of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-9"><num>(9)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-discovery-assessment" eId="term-discovery-assessment">discovery assessment</term>” means an ass

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98"><num>98</num><heading>Notification of liability to income tax and capital gains tax</heading><subsection eId="section-98-1"><num>(1)</num><content>Section 7 of TMA 1970 (notice of liability to income tax and capita

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98-1"><num>(1)</num><content>Section 7 of TMA 1970 (notice of liability to income tax and capital gains tax) is amended in accordance with subsections <ref href="#section-98-2">(2)</ref> and <ref href="#section-98-3

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98-2"><num>(2)</num><intro>In subsection (2A), in the words after paragraph (b)—</intro><level class="para1" eId="section-98-2-a"><num>(a)</num><content><mod>after “chargeable to” insert <quotedText>“an amoun

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-98-2-a"><num>(a)</num><content><mod>after “chargeable to” insert <quotedText>“an amount of”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-98-2-b"><num>(b)</num><content>omit “on any income or gain”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98-3"><num>(3)</num><content><mod>In subsection (3), in paragraph (c), for “a high income child benefit charge” substitute <quotedText>“an amount of tax under any provision listed in relation to the person in sectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98-4"><num>(4)</num><content><mod>In Schedule 16 to FA 2020 (taxation of coronavirus support payments), in paragraph 12(4) (notification of liability: modifications to section 7 of TMA 1970), for “after “child benef

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-98-5"><num>(5)</num><content>The amendments made by this section have effect in relation to the tax year 2021-22 and subsequent tax years.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-99"><num>99</num><heading>Calculation of income tax liability for certain charges relating to pe

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-99-1"><num>(1)</num><intro>In section 30(1) of ITA 2007 (Step 7: additional tax)—</int

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-99-1-a"><num>(a)</num><content><mod>in the entry for section 208(2)(a), for “section 208(2)(a)” substitute <quotedText>“section 208”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-99-1-b"><num>(b)</num><content><mod>in the entry for section 209(3)(a), for “section 209(3)(a)” substitute <quotedText>“section 209”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-99-1-c"><num>(c)</num><content><mod>after the entry for section 227 of FA 2004 in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-99-2"><num>(2)</num><content>The amendments made by this section have effect in relation to the tax year 2021-22 and subsequent tax years.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-temporary-powers-in-disaster-or-emergency"><heading>Temporary powers in disaster or emergency</heading>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100"><num>100</num><heading>Power to make temporary modifications of taxation of employment income</heading><subsection eId="section-100-1"><num>(1)</num><content>The Treasury may by regulations modify Part 3, 4 or 5 o

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-1"><num>(1)</num><content>The Treasury may by regulations modify Part 3, 4 or 5 of ITEPA 2003 so as to provide that a liability to income tax that would otherwise arise does not arise.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-2"><num>(2)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-100-2-a"><num>(a)</num><content>may be made only if the Treasury considers that the modifications contained

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-2-a"><num>(a)</num><content>may be made only if the Treasury considers that the modifications contained in the regulations are necessary or desirable for the purpose of addressing circumstances arising

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-2-b"><num>(b)</num><content>must provide for the modifications to cease to have effect at the end of such period as is specified (and different periods may be specified in relation to different modifica

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-3"><num>(3)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-100-3-a"><num>(a)</num><content>must specify the disaster or emergency in respect of which they are made;</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-3-a"><num>(a)</num><content>must specify the disaster or emergency in respect of which they are made;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-3-b"><num>(b)</num><content>may only specify a disaster or emergency which the Treasury considers to be of national significance.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-4"><num>(4)</num><intro>The period specified under subsection <ref href="#section-100-2-b">(2)(b)</ref> in relation to a modification—</intro><level class="para1" eId="section-100-4-a"><num>(a)</num><content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-4-a"><num>(a)</num><content>must be no longer than the Treasury considers necessary for the purpose mentioned in subsection <ref href="#section-100-2-a">(2)(a)</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-4-b"><num>(b)</num><content>must in any event end before the last day of the tax year following the tax year in which the modification first takes effect.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-5"><num>(5)</num><content>The expiry of a modification contained in regulations under this section in relation to a disaster or emergency is not to be taken as preventing the making of provision to the same or s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-6"><num>(6)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-100-6-a"><num>(a)</num><content>make different provision for different cases;</content></level><lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-6-a"><num>(a)</num><content>make different provision for different cases;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-6-b"><num>(b)</num><content>make retrospective provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-6-c"><num>(c)</num><content>make incidental or supplemental provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-100-6-d"><num>(d)</num><content>make consequential provision (which may include provision modifying any provision of the Income Tax Acts).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-7"><num>(7)</num><content>In this section, “<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in the regulations.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-emissions-certificates-for-vehicles"><heading>Emissions certificates for vehicles</heading><section eId

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-101"><num>101</num><heading>Vehicle CO2 emissions certificates</heading><intro>Schedule 18 makes provision about certificates in relation to the CO2 emissions of vehicles for the purposes of—<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-101-a"><num>(a)</num><content>section 268C(1) of CAA 2001 (meaning of “<term refersTo="#term-qualifying-emissions-certificate" eId="term-qualifying-emissions-certificate">qualifying emissions certificate</t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-101-b"><num>(b)</num><content>Chapter 6 of Part 3 of ITEPA 2003 (taxable benefits: cars etc), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-101-c"><num>(c)</num><content>Part 1A of Schedule 1 to VERA 1994 (light passenger vehicles: rates of duty).</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-office-of-tax-simplification"><heading><not

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-102"><num><noteRef href="#key-28a6ac724106ee3a95dcb85b69f300ee" uk:name="commentary" ukl:Name="C

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" ukl:Name="Pblock" eId="part-6-crossheading-final"><headi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-103"><num>103</num><heading>Interpretation</heading><content>In

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-104"><num>104</num><heading>Short title</heading><content>This Act may be cited as the Finance Act 2022.</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" xmlns:default1="http://www.w3.org/1999/xhtml" xmlns:fo=

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" name="schedule" eId="schedule-1"><num>SCHEDULE 1<author

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-part-1"><num>PART 1</num><heading>Main amendments of ITTOIA 2005</heading><paragraph eId="schedu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content>Part 2 of ITTOIA 2005 (trading income) is amended as follows.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e11951"><heading>Chapter 2 (income taxed as trade profits)</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e12242"><heading>Chapter 3A (trade profits: cash basis)</hea

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12317"><heading>Chapter 15 (basis periods)</heading><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>Omit Chapter 15 (basis periods).</content></par

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-2"><num>PART 2</num><heading>Other amendments of ITTOIA 2005</heading><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><content>ITTOIA 2005 is amended as follows.</content></paragraph><hcon

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><content>ITTOIA 2005 is amended as follows.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12337"><heading>Part 2 (trading income)</heading><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><con

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12529"><heading>Part 5 (miscellaneous income)</heading><paragraph eId="schedule-1-paragraph-20" class="schProv1"><num>20</num><content>In section 613 (films and sound recordings: ap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12538"><heading>Part 6A (income charged under ITTOIA 2005: trading and property allowances)</heading><paragraph eId="schedule-1-paragraph-21" class="schProv1"><num>21</num><subparagrap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12563"><heading>Part 7 (rent-a-room and qualifying care relief)</heading><paragraph eId="schedule-1-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-1-paragraph-

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12640"><heading>Part 9 (partnerships)</heading><paragraph eId="schedule-1-paragraph-25" class="schProv1"><num>25</num><content>Omit sections 852 to 856 (firms with trading income).<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12667"><heading>Part 10 (general provisions)</heading><paragraph eId="schedule-1-paragraph-28" class="schProv1"><num>28</num><content>In section 867 (business entertainment and gift

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12676"><heading>Schedule (abbreviations and defined expressions)</heading><paragraph eId="schedule-1-paragraph-29" class="schProv1"><num>29</num><intro>Part 2 of Schedule 4 (index o

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-part-3"><num>PART 3</num><heading>Amendments of other Acts</heading><hcontainer name="crossheadi

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e12708"><heading>Taxes Management Act 1970</heading><paragra

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12753"><heading>Capital Allowances Act 2001</heading><paragraph eId="schedule-1-paragraph-33" class="schProv1"><num>33</num><content>CAA 2001 is amended as follows.</content></p

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e12829"><heading>Income Tax Act 2007</heading><paragraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13249"><heading>Taxation (International and Other Provisions) Act 2010</heading><paragraph eId="schedule-1-paragraph-60" class="schProv1"><num>60</num><content>In TIOPA 2010, omit s

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-4"><num>PART 4</num><heading>Commencement</heading><paragraph eId="schedule-1-paragraph-61" class="schProv1"><num>61</num><subparagraph eId="schedule-1-paragraph-61-1"><num>(1)</num><content>Subject to sub-paragra

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-61" class="schProv1"><num>61</num><subparagraph eId="schedule-1-paragraph-61-1"><num>(1)</num><content>Subject to sub-paragraph <ref href="#schedule-1-paragraph-61-3">(3)</ref>, the amendments made by Pa

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-5"><num>PART 5</num><heading>Transitional provision: new trades etc</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e13332"><heading>Application of this Part of this Schedule</heading><paragraph eI

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13332"><heading>Application of this Part of this Schedule</heading><paragraph eId="schedule-1-paragraph-62" class="schProv1"><num>62</num><subparagraph eId="schedule-1-paragraph-62-1">

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13363"><heading>Basis period for the tax year 2023-24</heading><paragraph eId="schedule-1-paragraph-63" class="schProv1"><num>63</num><subparagraph eId="schedule-1-paragraph-63-1"><num

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" eId="schedule-1-part-6"><num>PART 6</num><heading>Transitional provision: continuing trades etc</heading><hcontainer name

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13387"><heading>Application of this Part of this Schedule</heading><paragraph eId="schedule-1-paragraph-64" class="schProv1"><num>64</num><subparagraph eId="schedule-1-paragraph-64-1">

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13424"><heading>Basis period for tax year 2023-24</heading><paragraph eId="schedule-1-paragraph-65" class="schProv1"><num>65</num><subparagraph eId="schedule-1-paragraph-65-1"><num>(1)

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13515"><heading>Relevant maximum for purposes of cash basis election</heading><paragraph eId="schedule-1-paragraph-66" class="schProv1"><num>66</num><subparagraph eId="schedule-1-parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13540"><heading>Late accounting date rules</heading><paragraph eId="schedule-1-paragraph-67" class="schProv1"><num>67</num><subparagraph eId="schedule-1-paragraph-67-1"><num>(1)</num><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13615"><heading>Deductions for overlap profit allowed under this Part of this Schedule</heading><paragraph eId="schedule-1-paragraph-68" class="schProv1"><num>68</num><intro>Referen

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13636"><heading>Trade profits if there is no transition part of the basis period for the tax year 2023-24</heading><paragraph eId="schedule-1-paragraph-69" class="schProv1"><num>69</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e13664"><heading>Trade profits if there is a transition part of the basis period for the tax year 2023-24</heading><para

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13806"><heading>Treatment of losses arising from deduction for overlap profit</heading><paragraph eId="schedule-1-paragraph-71" class="schProv1"><num>71</num><subparagraph eId="schedul

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13870"><heading>Spreading of transition profits</heading><paragraph eId="schedule-1-paragraph-72" class="schProv1"><num>72</num><subparagraph eId="schedule-1-paragraph-72-1"><num>(1)</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:default="http://www.w3.org/1998/Math/MathML" name="crossheading" class="schGroup7" eId="d25e13920"><heading>Election to accelerate charge</heading><paragraph eId="schedule-1-paragraph-73" class="schProv1"><num>73</num><subpar

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e13991"><heading>Transition profits ignored in averaging of profits of farmers and creative artists</heading><paragraph eId="schedule-1-paragraph-74" class="schProv1"><num>74</num><cont

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14012"><heading>Calculation of income tax liability on amount of transition profits</heading><paragraph eId="schedule-1-paragraph-75" class="schProv1"><num>75</num><subparagraph eId="s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14094"><heading>Other modifications</heading><paragraph eId="schedule-1-paragraph-76" class="schProv1"><num>76</num><subparagraph eId="schedule-1-paragraph-76-1"><num>(1)</num><content

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-7"><num>PART 7</num><heading>Transitional provision: notional businesses</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e14136"><heading>Application of this Part of this Schedule</heading><paragra

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14136"><heading>Application of this Part of this Schedule</heading><paragraph eId="schedule-1-paragraph-77" class="schProv1"><num>77</num><intro>This Part of this Schedule applies i

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14157"><heading>Basis period for tax year 2023-24</heading><paragraph eId="schedule-1-paragraph-78" class="schProv1"><num>78</num><content>The basis period for the partner’s notiona

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14169"><heading>Deductions for overlap profit allowed under this Part of this Schedule</heading><paragraph eId="schedule-1-paragraph-79" class="schProv1"><num>79</num><subparagraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14200"><heading>Deducted overlap profits in excess of other profits of tax year 2023-24</heading><paragraph eId="schedule-1-paragraph-80" class="schProv1"><num>80</num><subparagraph eI

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote">Section 14</au

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-1"><num>PART 1</num><heading>Introduction and conditions for being a QAHC</heading><hcontai

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14251"><heading>Introduction</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>This P

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e14369"><heading>Conditions for being a qualifying asset hol

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e14469"><heading>Ownership condition</heading><paragraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e14606"><heading>Only direct and certain indirect interests

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e14725"><heading>Determining relevant interests</heading><pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e14984"><heading>Determining relevant interests: transparent entities</heading><paragraph eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-2-paragra

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e15109"><heading>References to voting power</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-2-paragraph-7-1"><num>(1)</num><con

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e15143"><heading>Category A investors</heading><paragraph eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-2-paragraph-8-1"><num>(1)</num><intro>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e15270"><heading>Qualifying funds</heading><paragraph eId="s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e15659"><heading>Relevant qualifying investors</heading><paragraph eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><intro>The following persons are relevant qualifying in

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e15749"><heading>Intermediate company</heading><paragraph eId="schedule-2-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-2-paragraph-11-1"><num>(1)</num><intro>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e15864"><heading>Requirement of QAHC to monitor compliance with ownership condition</heading><paragraph eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content>A QAHC mu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e15873"><heading>Activity condition and investment strategy

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-2"><num>PART 2</num><heading>Becoming a QAHC</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e16108"><heading>Entry notification</heading><paragraph eId="schedule-2-paragraph-14" class="schProv1"><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16108"><heading>Entry notification</heading><paragraph eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-2-paragraph-14-1"><num>(1)</num><content>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16235"><heading>Entry into regime</heading><paragraph eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-2-paragraph-15-1"><num>(1)</num><content><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16275"><heading>Ownership condition treated as met for initial period</heading><paragraph eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-para

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16381"><heading>Corporation tax consequences of becoming a QAHC</heading><paragraph eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-2-paragraph-

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16540"><heading>Application of paragraph <ref href="#schedule-2-paragraph-17-2">17(2)</ref> to formerly non-resident companies</heading><paragraph eId="schedule-2-paragraph-18" class="

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16555"><heading>Adjustment of gains to avoid double charge</heading><paragraph eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><intro>Where—</intro><level class="par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16587"><heading>Ring fencing of QAHC business</heading><paragraph eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16765"><heading>Disapplication of Part 7ZA of CTA 2010</heading><paragraph eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content>In determining the profits of a QAHC

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16774"><heading>Assets entering and leaving the ring fence</heading><paragraph eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16926"><heading>Adjustment of gains to avoid double charge on assets crossing the ringfence</heading><paragraph eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><intro>Wh

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e16952"><heading>Information to be provided for accounting periods</heading><paragraph eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragrap

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-3"><num>PART 3</num><heading>Ceasing to be a QAHC</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e17090"><heading>Exit notification</heading><paragraph eId="schedule-2-paragraph-25" class="schProv

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17090"><heading>Exit notification</heading><paragraph eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17133"><heading>Requirement to notify when conditions no longer met</heading><paragraph eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><subparagraph eId="schedule-2-paragr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17212"><heading>Curing of certain breaches</heading><paragraph eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-2-paragraph-27-1"><num>(1)</num><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17398"><heading>Wind-down period</heading><paragraph eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-2-paragraph-28-1"><num>(1)</num><intro>A

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17522"><heading>Exiting the regime</heading><paragraph eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><subparagraph eId="schedule-2-paragraph-29-1"><num>(1)</num><content>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17595"><heading>Timings of transactions that lead to breach of ownership condition</heading><paragraph eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><subparagraph eId="sc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17670"><heading>Corporation tax consequences of ceasing to be a QAHC</heading><paragraph eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-2-parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17752"><heading>Certain interest payments made around exit to be treated as made by a QAHC</heading><paragraph eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro>Whe

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-4"><num>PART 4</num><heading>Groups</heading><hcontainer name="crossheading" class="schGrou

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17780"><heading>Acquisition of assets into and out of QAHC ring fence business from other member of group</heading><paragraph eId="schedule-2-paragraph-33" class="schProv1"><num>33</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17862"><heading>Continuity of substantial shareholdings between group members</heading><paragraph eId="schedule-2-paragraph-34" class="schProv1"><num>34</num><subparagraph eId="schedul

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e17986"><heading><noteRef href="#key-4a1e31d02ca9b1e5e437e6e

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e17999"><heading>Gain or loss arising where section 179 of TCGA 1992 applies in relation to transfer of assets</heading><paragraph eId="schedule-2-paragraph-36" class="schProv1"><num>36

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-5"><num>PART 5</num><heading>Close companies, exchange gains and basis of accounting</headi

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18065"><heading>Non-close QAHCs treated as close companies for certain purposes</heading><paragraph eId="schedule-2-paragraph-37" class="schProv1"><num>37</num><content>Chapters 3 t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e18074"><heading>Exchange gains</heading><paragraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18155"><heading>Amortised cost basis not required for certain connected companies relationships</heading><paragraph eId="schedule-2-paragraph-39" class="schProv1"><num>39</num><subpara

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-6"><num>PART 6</num><heading>Transfer pricing and corporate interest restriction rules</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e18215"><heading>Transfer pricing: participation condition alw

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18215"><heading>Transfer pricing: participation condition always met for investors in a QAHC etc</heading><paragraph eId="schedule-2-paragraph-40" class="schProv1"><num>40</num><subpar

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18275"><heading>Transfer pricing: no small and medium-sized enterprise exemption</heading><paragraph eId="schedule-2-paragraph-41" class="schProv1"><num>41</num><subparagraph eId="sche

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18297"><heading>Application of corporate interest restriction rules (non-consolidation of certain subsidiaries)</heading><paragraph eId="schedule-2-paragraph-42" class="schProv1"><num>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18403"><heading>Application of corporate interest restriction rules (consolidation of QAHC stacks)</heading><paragraph eId="schedule-2-paragraph-43" class="schProv1"><num>43</num><subp

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-7"><num>PART 7</num><heading>Treatment of certain amounts payable by a QAHC</heading><hcont

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18565"><heading>Treatment of certain distributions</heading><paragraph eId="schedule-2-paragraph-44" class="schProv1"><num>44</num><subparagraph eId="schedule-2-paragraph-44-1"><num>(1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18623"><heading>Application of hybrid and other mismatches rules where paragraph <ref href="#schedule-2-paragraph-44">44</ref> applies</heading><paragraph eId="schedule-2-paragraph-45"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e18699"><heading>Payments of distributions etc to individual

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18881"><heading>Purchase of own shares</heading><paragraph eId="schedule-2-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-2-paragraph-47-1"><num>(1)</num><cont

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e18961"><heading>Disapplication of paragraph <ref href="#schedule-2-paragraph-47">47</ref> during cure period for certain non-category A investors</heading><paragraph eId="schedule-2-pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19021"><heading>Transactions in securities rules</heading><paragraph eId="schedule-2-paragraph-49" class="schProv1"><num>49</num><intro>Section 684 of ITA 2007 (person liable to cou

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19045"><heading>Late interest</heading><paragraph eId="schedule-2-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-2-paragraph-50-1"><num>(1)</num><content>Se

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19097"><heading>Deeply discounted securities</heading><paragraph eId="schedule-2-paragraph-51" class="schProv1"><num>51</num><subparagraph eId="schedule-2-paragraph-51-1"><num>(1)</num

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-8"><num>PART 8</num><heading>Overseas property income</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e19176"><heading>Overseas property income of a QAHC</heading><paragraph eId="schedule-2-paragra

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19176"><heading>Overseas property income of a QAHC</heading><paragraph eId="schedule-2-paragraph-52" class="schProv1"><num>52</num><subparagraph eId="schedule-2-paragraph-52-1"><num>(1

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-9"><num>PART 9</num><heading>Disposals of overseas land and certain shares</heading><hconta

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e19239"><heading>No chargeable gain on disposal of overseas

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-10"><num>PART 10</num><heading>Stamp duty and stamp duty reserve tax</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e19355"><heading>Stamp duty and SDRT exemption for repurchase of own shares or l

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19355"><heading>Stamp duty and SDRT exemption for repurchase of own shares or loan capital</heading><paragraph eId="schedule-2-paragraph-54" class="schProv1"><num>54</num><subparagraph

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-11"><num>PART 11</num><heading>Exemption from section 874 of ITA 2007 (withholding tax)</he

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-55" class="schProv1"><num>55</num><content><mod>In Part 15 of ITA 2007 (deduct

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-12"><num>PART 12</num><heading>Supplementary</heading><hcontainer name="crossheading" class

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e19500"><heading>Minor and consequential amendments</heading

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e19563"><heading>Making of notifications and returns</heading><paragraph eId="schedule-2-paragraph-57" class="schProv1"><num>57</num><subparagraph eId="schedule-2-paragraph-57-1"><num>(

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e19585"><heading>Interpretation</heading><paragraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e19876"><heading><ins class="first last" ukl:ChangeId="key-2

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-59" class="schProv1"><num><ins class="first" ukl:ChangeId="key-2caa2dc19bdfc58087

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-3"><num>SCHEDULE 3<authorialNote class="referenceNote">Section 15</au

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content>The amendments made by this Schedule are to Part 12 of CTA 2010 (real estate investment trusts) unless otherwise stated.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e19982"><heading>Conditions for companies in relation to UK

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e20325"><heading>Requirements for financial statements</head

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e20602"><heading>Balance of business test</heading><paragrap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e20693"><heading>Holders of excessive rights</heading><parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e20715"><heading>Application and commencement</heading><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-3-paragraph-6-1"><num>(1)</num><c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote">Section 24</authorialNote></num><heading>Cross-border group relief</heading><part eId="schedule-4-part-1"><num>PART 1</num><heading>Consequ

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-part-1"><num>PART 1</num><heading>Consequential amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e20757"><heading>CTA 2010</heading><paragraph eId="schedule-4-paragraph-1" class="schProv1"><nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e20757"><heading>CTA 2010</heading><paragraph eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-4-paragraph-1-1"><num>(1)</num><content>CTA 2010 i

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e20913"><heading>FA 2013</heading><paragraph eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><content>Omit section 30 of FA 2013 (loss relief surrenderable by non-UK reside

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e20922"><heading>Taxes (Amendments) (EU Exit) Regulations 2019 (<ref eId="c00037" href="http://www.legislation.gov.uk/id/uksi/2019/689">S.I. 2019/689</ref>)</heading><paragraph eId="sch

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-part-2"><num>PART 2</num><heading>Commencement</heading><paragraph eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-4-paragraph-4-1"><num>(1)</num><intro>The amendments made by sect

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-4-paragraph-4-1"><num>(1)</num><intro>The amendments made by section 24(3) and paragraph <ref href="#schedule-4-paragraph-1">1</ref> of this Sc

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-4-paragraph-5-1"><num>(1)</num><content>The amendments made by section 24(2) and paragraph <ref href="#schedule-4-paragraph-2">2</ref> of this

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-4-paragraph-6-1"><num>(1)</num><content>The amendments made by section 24(4), and section 24(5) and paragraph <ref href="#schedule-4-paragraph-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-claimant-company" eId="term-claimant-company">claimant company</term>” has

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-regulated-business" eId="term-regulated-business">regulated business</term>” means a business carried on by a person by virtue of being a relevant person within the meaning of re

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-17-paragraph-3-1"><num>(1)</num><intro>A company is a member of a group if—</intro><level class="para1" eId="schedule-17-paragraph-3-1-a">

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-17-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-17-paragraph-6-1"><n

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-5"><num>SCHEDULE 5<authorialNote class="referenceNote">Section 29</authorialNote></num><heading>Insurance contracts: change in accounting standards</heading><part eId="schedule-5-part-1"><num>PA

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-part-1"><num>PART 1</num><heading>Power to make provision in connection with IFRS 17</heading><paragraph eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-5-paragraph-1-1"><num>(1)</num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-5-paragraph-1-1"><num>(1)</num><content>The Treasury may by regulations make such provision as they consider appropriate for the purposes of co

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-part-2"><num>PART 2</num><heading>Amendments in connection with IFRS 17</heading><paragraph eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><content>In FA 2012 omit section 79 (spreading of acquisition expens

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><content>In FA 2012 omit section 79 (spreading of acquisition expenses).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-5-paragraph-3-1"><num>(1)</num><content>In consequence of the amendment made by paragraph <ref href="#schedule-5-paragraph-2">2</ref> the follo

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content>This Part comes into force on such day as the Treasury may by regulations appoint (and different days may be appointed for different purposes).</content></par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><content>The Treasury may by regulations make transitional, transitory or saving provision in connection with the coming into force of this Part.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><content>Regulations under paragraph <ref href="#schedule-5-paragraph-5">5</ref> may make different provision for different purposes.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-6"><num>SCHEDULE 6<authorialNote class="referenceNote">Section 31</au

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e21408"><heading>Amendment to TCGA 1992</heading><paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e21511"><heading>Amendment to FA 2008</heading><paragraph eI

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e21619"><heading>Amendments to the Income Tax (Deposit-taker

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e21782"><heading>Exemption for reclaim amounts in respect of individual investment plans</heading><paragraph eId="schedule-6-paragraph-4" class="schProv1"><num>4</num><subparagraph eId=

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e21833"><heading>Power to make provision for the purposes of the Income Tax Acts and TCGA 1992 in relation to dormant assets</heading><paragraph eId="schedule-6-paragraph-5" class="schP

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e21917"><heading>Commencement</heading><paragraph eId="schedule-6-paragraph-6" class="schProv1"><num>6</num><content>This Schedule comes into force on such day as the Treasury may by

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-7"><num>SCHEDULE 7<authorialNote class="referenceNote">Section 41</au

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-part-1"><num>PART 1</num><heading>RPDT loss relief</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e21942"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-1" class="schProv1"><num>1<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e21942"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content>This Part of this Schedule provides that if a company makes an ad

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e21951"><heading>Carry forward of a trading loss to next accounting period</heading><paragraph eId="schedule-7-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-7-pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22036"><heading>Carry forward of trading losses to subsequent accounting periods</heading><paragraph eId="schedule-7-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedu

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-part-2"><num>PART 2</num><heading>RPDT group relief</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e22102"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-4" class="schProv1"><num>4

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22102"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-7-paragraph-4-1"><num>(1)</num><intro>This Par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22166"><heading>Surrender of company’s losses for an accounting period</heading><paragraph eId="schedule-7-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-7-parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22200"><heading>Claims for RPDT group relief</heading><paragraph eId="schedule-7-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-7-paragraph-8-1"><num>(1)</num><c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22252"><heading>Giving of RPDT group relief</heading><paragraph eId="schedule-7-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-7-paragraph-9-1"><num>(1)</num><co

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22298"><heading>Limitation on amount of RPDT group relief to be given</heading><paragraph eId="schedule-7-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-7-para

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22374"><heading>Arrangements for transfer of companies</heading><paragraph eId="schedule-7-paragraph-11" class="schProv1"><num>11</num><content>Sections 154 and 155A to 156 of CTA 2

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-7-part-3"><num>PART 3</num><heading>RPDT group relief for carried-forward losses</heading><hcontai

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22388"><heading>Introduction</heading><paragraph eId="schedule-7-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-7-paragraph-12-1"><num>(1)</num><intro>This

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22452"><heading>Surrender of company’s carried-forward losses for an accounting period</heading><paragraph eId="schedule-7-paragraph-15" class="schProv1"><num>15</num><subparagraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22492"><heading>Claims for RPDT group relief for carried-forward losses</heading><paragraph eId="schedule-7-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-7-pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22544"><heading>Giving of RPDT group relief for carried-forward losses</heading><paragraph eId="schedule-7-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-7-par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e22590"><heading>Limitation on amount of group relief for ca

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-part-4"><num>PART 4</num><heading>Supplementary provision</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e22707"><heading>Payments for relief</heading><paragraph eId="schedule-7-paragraph-19" class="sc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22707"><heading>Payments for relief</heading><paragraph eId="schedule-7-paragraph-19" class="schProv1"><num>19</num><subparagraph eId="schedule-7-paragraph-19-1"><num>(1)</num><intro><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22744"><heading>Change in company ownership</heading><paragraph eId="schedule-7-paragraph-20" class="schProv1"><num>20</num><content>Part 14 of CTA 2010 (change in company ownership

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22753"><heading>Meaning of “relief group”</heading><paragraph eId="schedule-7-paragraph-21" class="schProv1"><num>21</num><intro>For the purposes of this Schedule, two companies are

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e22774"><heading>Meaning of “adjusted trading loss”</heading><paragraph eId="schedule-7-paragraph-22" class="schProv1"><num>22</num><intro>For the purposes of this Schedule, referenc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-8"><num>SCHEDULE 8<authorialNote class="referenceNote">Section 45</au

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-8-paragraph-1-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-10-paragraph-1-1"><num>(1)</num><intro>Where—</intro><level class="para1" eId="schedule-10-paragraph-1-1-a"><num>(a)</num><content>a pe

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-10-paragraph-6-1"><num>(1)</num><intro>A person (“the qualifying person”) had a qualifying interest in a company, partnership or unincorporate

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-10-paragraph-9-1"><num>(1)</num><intro>An officer of Revenue and Customs may by notice require a person liable to public interest business pro

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-10-paragraph-12-1"><num>(1)</num><content>Where a person required to make a return as a result of paragraph <ref href="#schedule-10-paragrap

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-10-paragraph-15-1"><num>(1)</num><content>This paragraph applies if a return is amended under paragraph <ref href="#schedule-10-paragraph-11

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-10-paragraph-18-1"><num>(1)</num><intro>If an officer of Revenue and Customs discovers—</intro><level class="para1" eId="schedule-10-par

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-10-paragraph-21-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-10-paragraph-24-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-10-pa

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-30" class="schProv1"><num>30</num><subparagraph eId="schedule-10-paragraph-30-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-33" class="schProv1"><num>33</num><subparagraph eId="schedule-10-paragraph-33-1"><num>(1)</num><content>Where a person chargeable to public interest business protection tax as a result of paragraph <ref

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-38" class="schProv1"><num>38</num><subparagraph eId="schedule-10-paragraph-38-1"><num>(1)</num><intro>This paragraph applies to information that—</intro><level class="para1" eId="schedule-10-paragra

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-41" class="schProv1"><num>41</num><subparagraph eId="schedule-10-paragraph-41-1"><num>(1)</num><intro>A power to make regulations under this Schedule includes power to make—</intro><level class="par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e22816"><heading>Amendments of TMA 1970</heading><paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e22869"><heading>Amendments of FA 1998</heading><paragraph e

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-9"><num>SCHEDULE 9<authorialNote class="referenceNote">Section 49</authorialNote></num><heading>Miscellaneous provision</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e23033"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23033"><heading>Residential property developer tax to be ignored for corporation tax purposes</heading><paragraph eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23042"><heading>Payments made for RPDT reliefs to be ignored for corporation tax purposes</heading><paragraph eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><intro>An amo

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23069"><heading>Provision made or imposed between RPD activities and other activities of the same company</heading><paragraph eId="schedule-9-paragraph-3" class="schProv1"><num>3</num>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23096"><heading>Provision made or imposed between an RP developer and another person under the same control</heading><paragraph eId="schedule-9-paragraph-4" class="schProv1"><num>4</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="schedule" eI

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-part-1"><num>PART 1</num><heading>Charge</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e23141"><heading>Charge on value of assets held

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23141"><heading>Charge on value of assets held for qualifying purposes</heading><paragraph eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-10-par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23390"><heading>Meaning of “public interest business” and “special measures”</heading><paragraph eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e23510"><heading>Adjusted value of assets</heading><paragraph eId="schedule-10-paragraph-3" class="schProv1"><num>3</num

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-part-2"><num>PART 2</num><heading>Joint and several liability</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e23569"><heading>Liability of associated companies</heading><paragraph eId="schedule-10-par

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23569"><heading>Liability of associated companies</heading><paragraph eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-10-paragraph-4-1"><num>(1)<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23621"><heading>Joint and several liability of connected persons and others who may benefit</heading><paragraph eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><subparagraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23766"><heading>Qualifying interests in company, partnership or unincorporated association</heading><paragraph eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><subparagraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e23901"><heading>Claim for relief</heading><paragraph eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-10-paragraph-7-1"><num>(1)</num><content>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-10-part-3"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24015"><heading>Requirement to file return and pay tax chargeable under paragraph <ref href="#schedule-10-paragraph-1">1</ref></heading><paragraph eId="schedule-10-paragraph-8" class="

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24108"><heading>Notice to file return in respect of joint and several liability under paragraph <ref href="#schedule-10-paragraph-4">4</ref> or <ref href="#schedule-10-paragraph-5">5</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24189"><heading>Time limits in relation to assessment under paragraph <ref href="#schedule-10-paragraph-9">9</ref></heading><paragraph eId="schedule-10-paragraph-10" class="schProv1"><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24306"><heading>Amendments and corrections of return</heading><paragraph eId="schedule-10-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-10-paragraph-11-1"><nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24430"><heading>HMRC to determine tax where no return made in time</heading><paragraph eId="schedule-10-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-10-parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24553"><heading>Enquiry into return</heading><paragraph eId="schedule-10-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-10-paragraph-13-1"><num>(1)</num><conte

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24625"><heading>Completion of enquiry</heading><paragraph eId="schedule-10-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-10-paragraph-14-1"><num>(1)</num><con

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24683"><heading>Amendment of return by taxpayer during enquiry</heading><paragraph eId="schedule-10-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-10-paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24758"><heading>Amendment of return during enquiry by HMRC to prevent loss of tax</heading><paragraph eId="schedule-10-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="sc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e24804"><heading>Date by which payment to be made after amen

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e24912"><heading>Discovery assessment</heading><paragraph eId="schedule-10-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-10-paragraph-18-1"><num>(1)</num><intr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e25061"><heading>Assessment procedure</heading><paragraph eId="schedule-10-paragraph-19" class="schProv1"><num>19</num><subparagraph eId="schedule-10-paragraph-19-1"><num>(1)</num><intr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e25092"><heading>Time limits for assessments</heading><paragraph eId="schedule-10-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-10-paragraph-20-1"><num>(1)</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e25120"><heading>Appeals</heading><paragraph eId="schedule-1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e25346"><heading>Duty to preserve records</heading><paragraph eId="schedule-10-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-10-paragraph-22-1"><num>(1)</num><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e25535"><heading>Collection and recovery</heading><paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e25556"><heading>Overpaid tax</heading><paragraph eId="sched

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e25781"><heading>Claims under this Schedule</heading><paragraph eId="schedule-10-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-10-paragraph-25-1"><num>(1)</num

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26112"><heading>Interest</heading><paragraph eId="schedule-10-paragraph-29" class="schProv1"><num>29</num><content>Sections 101 to 103 of FA 2009 (interest) come into force on 6 Apr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e26121"><heading>Application of information, inspection and

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e26164"><heading>Documents</heading><paragraph eId="schedule

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26216"><heading>Disclosures to persons who are joint and severally liable to tax</heading><paragraph eId="schedule-10-paragraph-32" class="schProv1"><num>32</num><subparagraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26295"><heading>Application of public interest business protection tax to partnerships and trusts</heading><paragraph eId="schedule-10-paragraph-33" class="schProv1"><num>33</num><subp

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26347"><heading>Territorial application of tax</heading><paragraph eId="schedule-10-paragraph-34" class="schProv1"><num>34</num><content>A person is chargeable to public interest bu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26365"><heading>Power to provide for reliefs etc</heading><paragraph eId="schedule-10-paragraph-35" class="schProv1"><num>35</num><subparagraph eId="schedule-10-paragraph-35-1"><num>(1

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-10-part-4"><num>PART 4</num><heading>Supplementary</heading><hcontainer name="crossheading" class=

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26413"><heading>Anti-avoidance</heading><paragraph eId="schedule-10-paragraph-36" class="schProv1"><num>36</num><subparagraph eId="schedule-10-paragraph-36-1"><num>(1)</num><intro>T

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26476"><heading>No deduction for public interest business protection tax</heading><paragraph eId="schedule-10-paragraph-37" class="schProv1"><num>37</num><content>In calculating pro

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26485"><heading>Information sharing</heading><paragraph eId="schedule-10-paragraph-38" class="schProv1"><num>38</num><subparagraph eId="schedule-10-paragraph-38-1"><num>(1)</num><intro

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26552"><heading>Application of the Provisional Collection of Taxes Act 1968</heading><paragraph eId="schedule-10-paragraph-39" class="schProv1"><num>39</num><content>The Provisional

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26561"><heading>Power to apply, disapply or modify provisions of relevant tax legislation</heading><paragraph eId="schedule-10-paragraph-40" class="schProv1"><num>40</num><subparagraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26595"><heading>Regulations</heading><paragraph eId="schedule-10-paragraph-41" class="schProv1"><num>41</num><subparagraph eId="schedule-10-paragraph-41-1"><num>(1)</num><intro>A po

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e26668"><heading>Interpretation of Schedule</heading><paragraph eId="schedule-10-paragraph-42" class="schProv1"><num>42</num><subparagraph eId="schedule-10-paragraph-42-1"><num>(1)</num

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e26867"><heading>Commencement and expiry</heading><paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-11"><num>SCHEDULE 11<authorialNote class="referenceNote">Section 76</

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-part-1"><num>PART 1</num><heading>Amendments to HODA 1979</heading><paragraph eId="schedule-11-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-1" class="schProv1"><num>1</num><content>HODA 1979 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-paragraph-2" class="schProv1"><num>2</num><intro>In section 12 (rebate not allowed on f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-2-a"><num>(a)</num><content><mod>in subsection (2), for paragraphs

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-2-b"><num>(b)</num><content><mod>for subsection (2A) substitute—<qu

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-3" class="schProv1"><num>3</num><intro>In section 13 (penalties for contravention of section 12)—</intro><level class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><mod>in subsec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><mod>in subsection (4), for “road vehicle” substitute <quotedText>“vehicle, vessel, machine or appliance”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><mod>in subsection (6), in paragraph (a), for “road vehicle as mentioned in” substitute <quotedText>“vehicle, vessel, machine or appliance, other than an excepted m

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-paragraph-4" class="schProv1"><num>4</num><content><mod>In section 14E as it extends to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-paragraph-5" class="schProv1"><num>5</num><content><mod>In section 14F as it extends to

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-6" class="schProv1"><num>6</num><content>In section 24 (control of use of duty-free and rebated oil), omit subsection (3A) (as inserted by paragraph 11 of Schedule 11 to FA 2020).</content></paragra

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-paragraph-7" class="schProv1"><num>7</num><intro>In section 24A (penalties for misuse o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-7-a"><num>(a)</num><content>in subsection (1), omit the first “for”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-7-b"><num>(b)</num><content><mod>after subsection (8) insert—<quote

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-8" class="schProv1"><num>8</num><intro>In section 27 (interpretation), in subsection (1B)—</intro><level class="para1" eId="schedule-11-paragraph-8-a"><num>(a)</num><content><mod>in the words bef

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-8-a"><num>(a)</num><content><mod>in the words before paragraph (a), for “1” substitute <quotedText>“1A”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-8-b"><num>(b)</num><content><mod>in each of paragraphs (a), (b) and (c), for “vehicle” substitute <quotedText>“machine”</quotedText>.</mod></content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-11-paragraph-9" class="schProv1"><num>9</num><intro>In Schedule 1A (excepted machines) (as

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-9-a"><num>(a)</num><intro>in paragraph 2 (agricultural vehicles)—</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-a-i"><num>(i)</num><content><mod>for sub-paragraph (2) substitute

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-a-ii"><num>(ii)</num><content><mod>in sub-paragraph (5), in paragraph (c), for the words from “that Act” to the end substitute <quotedText>“the Vehicle Excise and Registration Act 1994 (vehi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-a-iii"><num>(iii)</num><content><mod>in sub-paragraph (5), for pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-9-b"><num>(b)</num><intro>in paragraph 3 (special vehicles), in sub

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-b-i"><num>(i)</num><content>omit the “or” at the end of paragraph (a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-b-ii"><num>(ii)</num><content><mod>at the end of paragraph (b) in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-9-c"><num>(c)</num><intro>in paragraph 6 (vessels)—</intro><level class="para2" eId="schedule-11-paragraph-9-c-i"><num>(i)</num><content>in sub-paragraph (1) omit “in Northern Ireland”;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-c-i"><num>(i)</num><content>in sub-paragraph (1) omit “in Northern Ireland”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-c-ii"><num>(ii)</num><content>in sub-paragraph (3) omit “in Northern Ireland”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-c-iii"><num>(iii)</num><content>omit sub-paragraph (4);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-9-d"><num>(d)</num><intro>in paragraph 8 (other machines or applian

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-d-i"><num>(i)</num><content><mod>after paragraph (a) insert—<quot

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-d-ii"><num>(ii)</num><content><mod>after paragraph (d) insert—<qu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-11-paragraph-9-e"><num>(e)</num><intro>in paragraph 9 (interpretation), in sub-p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-11-paragraph-9-e-i"><num>(i)</num><content>omit the “and” at the end of paragraph (a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-e-ii"><num>(ii)</num><content><mod>for paragraph (b) substitute—<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-11-paragraph-9-e-iii"><num>(iii)</num><content><mod>after that paragraph insert—

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-part-2"><num>PART 2</num><heading>Amendments to FA 2021</heading><paragraph eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro>The following provisions of Schedule 21 to FA 2021 (restriction of use of

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro>The following provisions of Schedule 21 to FA 2021 (restriction of use of rebated diesel and biofuels) are omitted—</intro><level class="para1" eId="schedule

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content>paragraph 5(1)(c);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content>paragraph 6(2)(a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content>paragraph 6(2)(b)(ii);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content>paragraph 6(3)(a)(ii);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-e"><num>(e)</num><content>paragraph 6(4);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-f"><num>(f)</num><content>paragraph 6(5);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-g"><num>(g)</num><content>paragraph 6(6);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-h"><num>(h)</num><content>paragraph 6(7)(a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-i"><num>(i)</num><content>paragraph 14;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-j"><num>(j)</num><content>paragraph 15;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-k"><num>(k)</num><content>paragraph 18.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-12"><num>SCHEDULE 12<authorialNote class="referenceNote">Section 84</

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-1" class="schProv1"><num>1</num><content>Part 2 of FA 2021 (plastic packaging tax) is amended as follows.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>“Company” and “qualifying company”</heading><paragraph eId="schedule-17-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-17-paragraph-2-1"><num>(1)</num><intro>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-12-paragraph-2" class="schProv1"><num>2</num><content><mod>In section 43 (charge to plasti

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-12-paragraph-5" class="schProv1"><num>5</num><content><mod>In section 63 (records), in sub

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-8" class="schProv1"><num>8</num><intro>Liability to an electronic sales suppression penalty does not arise where the activity that would otherwise give rise to such liability is undertaken—</intro><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-8-a"><num>(a)</num><content>by, or on behalf of or with the approval of, a public authority, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-8-b"><num>(b)</num><content>for a purpose connected with avoiding prejudice to the assessment or collection of tax.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-14-paragraph-11-1"><num>(1)</num><intro>Where a person becomes liable to an electronic sales suppression penalty—</intro><level class="p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-14" class="schProv1"><num>14</num><intro>Subject to the provisions of this Schedule, the following provisions of TMA 1970 apply for the purposes of this Part of this Schedule as they apply for the purpo

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-14-a"><num>(a)</num><content>section 108 (responsibility of company officers);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-14-b"><num>(b)</num><content>section 114 (want of form);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-14-paragraph-14-c"><num>(c)</num><content>section 115 (delivery and service of documents).</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-paragraph-19" class="schProv1"><num>19</num><content>In a case where the relevant purpose is that mentioned in paragraph <ref href="#schedule-14-paragraph-17-4-c">17(4)(c)</ref> above, paragraph 5 of Schedule 36

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-17-paragraph-2-1"><num>(1)</num><intro>“<term refersTo="#term-company" eId="term-company">Company</term>” means a body corporate (wherever inc

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-2-a"><num>(a)</num><content>relevant UK turnover of more than £200 million;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-17-paragraph-2-b"><num>(b)</num><content>a relevant UK balance sheet total of more than £2 billion.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-17-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e27418"><heading>No charge for persons below de minimis</hea

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e27434"><heading>Time of importation</heading><paragraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e27493"><heading>Reliefs for persons enjoying certain immuni

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e27537"><heading>Records</heading><paragraph eId="schedule-1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e27561"><heading>Groups</heading><paragraph eId="schedule-12

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e27790"><heading>Secondary liability and assessment notices etc: acting in the course of a related business</heading><paragraph eId="schedule-12-paragraph-7" class="schProv1"><num>7</nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedule" eId="schedule-13"><num>SCHEDULE 13<authorialNote class="referenceNote">Section 91</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e27826"><heading>Liability to penalty</heading><paragraph eI

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e27954"><heading>Amount of penalty</heading><paragraph eId="schedule-13-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-13-paragraph-2-1"><num>(1)</num><intro>T

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28060"><heading>Procedure for assessing penalty etc</heading><paragraph eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-13-paragraph-3-1"><num>(1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28175"><heading>Appeals</heading><paragraph eId="schedule-13-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-13-paragraph-4-1"><num>(1)</num><intro>A person ma

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28275"><heading>Application of provisions of TMA 1970</heading><paragraph eId="schedule-13-paragraph-5" class="schProv1"><num>5</num><intro>Subject to the provisions of this Schedul

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28302"><heading>Application of information and inspection powers</heading><paragraph eId="schedule-13-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-13-paragraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28414"><heading>Application</heading><paragraph eId="schedule-13-paragraph-7" class="schProv1"><num>7</num><content>A is liable to a further penalty under paragraph <ref href="#sche

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28426"><heading>Interpretation</heading><paragraph eId="schedule-13-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-13-paragraph-8-1"><num>(1)</num><content>Ex

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-14"><num>SCHEDULE 14<authorialNote class="referenceNote">Section 92</authorialNote></num><heading>Electronic sales suppression</heading><part eId="schedule-14-part-1"><num>PART 1</num><heading>I

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-part-1"><num>PART 1</num><heading>Introductory</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e28496"><heading>Meaning of “electronic sales suppression tool” etc</heading><paragraph eId="schedule-14-p

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28496"><heading>Meaning of “electronic sales suppression tool” etc</heading><paragraph eId="schedule-14-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-14-paragra

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-part-2"><num>PART 2</num><heading>Liability to a penalty</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e28577"><heading>Penalty for making an electronic sales suppression tool</heading><paragraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28577"><heading>Penalty for making an electronic sales suppression tool</heading><paragraph eId="schedule-14-paragraph-2" class="schProv1"><num>2</num><content>A person who makes an

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28586"><heading>Penalty for supplying an electronic sales suppression tool</heading><paragraph eId="schedule-14-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-14

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28608"><heading>Penalty for promoting use of a tool to suppress an electronic sales record</heading><paragraph eId="schedule-14-paragraph-4" class="schProv1"><num>4</num><subparagraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28627"><heading>Amount of a penalty under paragraph <ref href="#schedule-14-paragraph-2">2</ref>, <ref href="#schedule-14-paragraph-3">3</ref> or <ref href="#schedule-14-paragraph-4">4

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28693"><heading>Penalty for possession etc of an electronic sales suppression tool</heading><paragraph eId="schedule-14-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28814"><heading>Daily default penalties</heading><paragraph eId="schedule-14-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-14-paragraph-7-1"><num>(1)</num><intr

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-part-3"><num>PART 3</num><heading>Supplementary provision</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e28867"><heading>Legitimate activity</heading><paragraph eId="schedule-14-paragraph-8" class="s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28867"><heading>Legitimate activity</heading><paragraph eId="schedule-14-paragraph-8" class="schProv1"><num>8</num><intro>Liability to an electronic sales suppression penalty does n

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28888"><heading>Double jeopardy</heading><paragraph eId="schedule-14-paragraph-9" class="schProv1"><num>9</num><content>A person is not liable to an electronic sales suppression pen

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28897"><heading>Special reduction</heading><paragraph eId="schedule-14-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-14-paragraph-10-1"><num>(1)</num><content

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28943"><heading>Assessment</heading><paragraph eId="schedule-14-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-14-paragraph-11-1"><num>(1)</num><intro>Where

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e28977"><heading>Appeal</heading><paragraph eId="schedule-14-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-14-paragraph-12-1"><num>(1)</num><intro>A person

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29089"><heading>Enforcement</heading><paragraph eId="schedule-14-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-14-paragraph-13-1"><num>(1)</num><intro>An e

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29123"><heading>Application of provisions of TMA 1970</heading><paragraph eId="schedule-14-paragraph-14" class="schProv1"><num>14</num><intro>Subject to the provisions of this Sched

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29150"><heading>Power to change amount of penalty</heading><paragraph eId="schedule-14-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-14-paragraph-15-1"><num>(

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29220"><heading>Interpretation</heading><paragraph eId="schedule-14-paragraph-16" class="schProv1"><num>16</num><intro>In this Schedule—</intro><hcontainer name="definition"><co

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-14-part-4"><num>PART 4</num><heading>Information</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e29249"><heading>Application of Schedule 36 to FA 2008 (information and inspection powers)</heading><paragr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29249"><heading>Application of Schedule 36 to FA 2008 (information and inspection powers)</heading><paragraph eId="schedule-14-paragraph-17" class="schProv1"><num>17</num><subparagraph

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29322"><heading>General modifications of Schedule 36 to FA 2008 as applied</heading><paragraph eId="schedule-14-paragraph-18" class="schProv1"><num>18</num><intro>In its application

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e29358"><heading>Specific modifications of Schedule 36 to FA 2008 as applied</heading><paragraph eId="schedule-14-paragraph-19" class="schProv1"><num>19</num><content>In a case where

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-15"><num>SCHEDULE 15<authorialNote class="referenceNote">Section 94</

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-1" class="schProv1"><num>1</num><content>VATA 1994 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-2" class="schProv1"><num>2</num><content><mod>In section 6(1) (time of supply), for “and 18C” substitute <quotedText>“, 18C and <ref href="#d25e29471">57A</ref>”</quotedText>.</mod></content></parag

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-3" class="schProv1"><num>3</num><content><mod>In section 7(1) (place of supply of goods), for “and 18B” substitute <quotedText>“, 18B and <ref href="#d25e29471">57A</ref>”</quotedText>.</mod></conte

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-4" class="schProv1"><num>4</num><content><mod>In section 7A(1) (place of supply of services), after “applies” insert <quotedText>“, subject to section <ref href="#d25e29471">57A</ref>,”</quotedText>.</m

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-5" class="schProv1"><num>5</num><content>In section 17 (free zone regulations) omit subsection (2).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-15-paragraph-6" class="schProv1"><num>6</num><intro>In section 18 (goods subject to a ware

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-15-paragraph-6-a"><num>(a)</num><content><mod>at the appropriate place insert—<q

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-15-paragraph-6-b"><num>(b)</num><content>in the definition of “warehouse”, after paragraph (d) insert “,</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-15-paragraph-7" class="schProv1"><num>7</num><content><mod>At the end of Part 3 (applicati

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-15-paragraph-8" class="schProv1"><num>8</num><content>This Schedule is treated as having come into force on 3 November 2021.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-16"><num>SCHEDULE 16<authorialNote class="referenceNote">Section 95</

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-part-1"><num>PART 1</num><heading>First-year allowance for plant and machinery</heading><paragr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-16-paragraph-1" class="schProv1"><num>1</num><content>Part 2 of CAA 2001 (plant and machinery allowances) is amended in accordance with paragraphs <ref href="#schedule-16-paragraph-2">2</ref> and <ref href="#schedul

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-16-paragraph-2" class="schProv1"><num>2</num><content><mod>In section 45O (expenditure on plant and machinery for use in freeport tax sites), in subsection (7), for the entry relating to section 45R substitute <quot

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-16-paragraph-3-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-16-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-16-paragraph-4-1"><num>(1)</num><content>Section 570B of CAA 2001 (orders and regulations made by Treasury or Commissioners) is amended as fol

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-part-2"><num>PART 2</num><heading>Structures and buildings allowances</heading><paragraph eId="

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-16-paragraph-5-1"><n

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-part-3"><num>PART 3</num><heading>Stamp duty land tax</heading><paragraph eId="schedule-16-para

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-16-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-16-paragraph-6-1"><n

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="schedule" eI

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-17-part-1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-1" class="schProv1"><num>1</num><content>This Part applies for the purposes of this Schedule.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30010"><heading>“Company” and “qualifying company”</heading><paragraph eId="schedule-17-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-17-paragraph-2-1"><num>(1)

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30164"><heading>“Group”</heading><paragraph eId="schedule-17-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-17-paragraph-3-1"><num>(1)</num><intro>A company i

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30243"><heading>“Partnership” and “qualifying partnership”</heading><paragraph eId="schedule-17-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-17-paragraph-4-1">

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" class="schGroup7" eId="d25e30304"><heading>“Relevant tax”

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e30434"><heading>“Financial year”</heading><paragraph eId="s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30534"><heading>“Turnover” and “balance sheet total”</heading><paragraph eId="schedule-17-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-17-paragraph-7-1"><num>(

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-17-part-2"><num>PART 2</num><heading>Requirement to notify HMRC of unc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30682"><heading>Requirement to notify</heading><paragraph eId="schedule-17-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-17-paragraph-8-1"><num>(1)</num><intro>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e30950"><heading>Uncertain tax treatment</heading><paragraph eId="schedule-17-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-17-paragraph-10-1"><num>(1)</num><c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31002"><heading>Threshold test</heading><paragraph eId="schedule-17-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-17-paragraph-11-1"><num>(1)</num><content><p

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31129"><heading>“<term refersTo="#term-tax-advantage" eId="term-tax-advantage">Tax advantage</term>” in relation to income tax or corporation tax</heading><paragraph eId="schedule-17-p

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31180"><heading>“<term refersTo="#term-tax-advantage" eId="term-tax-advantage">Tax advantage</term>” in relation to VAT</heading><paragraph eId="schedule-17-paragraph-13" class="schPro

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31277"><heading>Value of a tax advantage</heading><paragraph eId="schedule-17-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-17-paragraph-14-1"><num>(1)</num><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31388"><heading>The “expected amount”</heading><paragraph eId="schedule-17-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-17-paragraph-15-1"><num>(1)</num><int

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31467"><heading>Relevant period</heading><paragraph eId="schedule-17-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-17-paragraph-16-1"><num>(1)</num><intro>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31523"><heading>Related amounts</heading><paragraph eId="schedule-17-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-17-paragraph-17-1"><num>(1)</num><intro>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31566"><heading>General exemption</heading><paragraph eId="schedule-17-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-17-paragraph-18-1"><num>(1)</num><content

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31639"><heading>Exemption for certain group transactions</heading><paragraph eId="schedule-17-paragraph-19" class="schProv1"><num>19</num><intro>A company is not required by paragra

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-part-3"><num>PART 3</num><heading>Penalties</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e31680"><heading>Penalty for non-compliance with paragraph <ref href="#schedule-17-paragraph-8">8</ref></head

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31680"><heading>Penalty for non-compliance with paragraph <ref href="#schedule-17-paragraph-8">8</ref></heading><paragraph eId="schedule-17-paragraph-20" class="schProv1"><num>20</num>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31743"><heading>First, second and further failures</heading><paragraph eId="schedule-17-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-17-paragraph-21-1"><num>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31825"><heading>Reasonable excuse</heading><paragraph eId="schedule-17-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-17-paragraph-22-1"><num>(1)</num><content

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31865"><heading>Assessment of penalties</heading><paragraph eId="schedule-17-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-17-paragraph-23-1"><num>(1)</num><i

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e31920"><heading>Appeal</heading><paragraph eId="schedule-17-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-17-paragraph-24-1"><num>(1)</num><intro>A person

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32017"><heading>Enforcement</heading><paragraph eId="schedule-17-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-17-paragraph-25-1"><num>(1)</num><intro>A pe

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32069"><heading>Power to change amount of penalty</heading><paragraph eId="schedule-17-paragraph-26" class="schProv1"><num>26</num><subparagraph eId="schedule-17-paragraph-26-1"><num>(

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32150"><heading>“Tribunal”</heading><paragraph eId="schedule-17-paragraph-27" class="schProv1"><num>27</num><content>In this Part, “<term refersTo="#term-tribunal" eId="term-tribuna

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-part-4"><num>PART 4</num><heading>Supplementary</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e32167"><heading>Regulations</heading><paragraph eId="schedule-17-paragraph-28" class="schProv1"><num>28<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32167"><heading>Regulations</heading><paragraph eId="schedule-17-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-17-paragraph-28-1"><num>(1)</num><content>Re

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32200"><heading>Application of provisions of TMA 1970</heading><paragraph eId="schedule-17-paragraph-29" class="schProv1"><num>29</num><intro>Subject to the provisions of this Sched

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e32227"><heading>Interpretation</heading><paragraph eId="schedule-17-paragraph-30" class="schProv1"><num>30</num><intro>In this Schedule—</intro><hcontainer name="definition"><co

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-17-part-5"><num>PART 5</num><heading>Consequential Amendments</heading><paragraph eId="schedule-17

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-17-paragraph-31" class="schProv1"><num>31</num><content><mod>In Schedule 14 to F(No.2)A 20

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-32" class="schProv1"><num>32</num><content>The reference in section 61(6) of F(No.2)A 2017 (commencement) to Schedule 14 to that Act is to be read as a reference to that Schedule as amended by paragraph

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-part-6"><num>PART 6</num><heading>Commencement</heading><paragraph eId="schedule-17-paragraph-33" class="schProv1"><num>33</num><content>This Schedule applies in relation to relevant returns that are required to be ma

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-17-paragraph-33" class="schProv1"><num>33</num><content>This Schedule applies in relation to relevant returns that are required to be made on or after 1 April 2022.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-18"><num>SCHEDULE 18<authorialNote class="referenceNote">Section 101<

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-part-1"><num>PART 1</num><heading>Amendments of CAA 2001</heading><paragraph eId="schedule-18-p

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-18-paragraph-1-1"><n

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-part-2"><num>PART 2</num><heading>Amendments of ITEPA 2003</heading><paragraph eId="schedule-18

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-18-paragraph-2" class="schProv1"><num>2</num><content>Chapter 6 of Part 3 of ITEPA 2003 (taxable benefits: cars etc) is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-3" class="schProv1"><num>3</num><intro>In section 134(1) (meaning of car with

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-18-paragraph-3-a"><num>(a)</num><intro>in paragraph (b)—</intro><level class="para2" eId="schedule-18-paragraph-3-a-i"><num>(i)</num><content><mod>after “October 1999” insert <quotedText>“but before

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-18-paragraph-3-a-i"><num>(i)</num><content><mod>after “October 1999” insert <quotedText>“but before IP completion day”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-18-paragraph-3-a-ii"><num>(ii)</num><content><mod>after “section 136” insert <quotedText>“(registration from 1st October 1999 to IP completion day)”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-18-paragraph-3-b"><num>(b)</num><content><mod>at the end of paragraph (b) omit “

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-18-paragraph-3-c"><num>(c)</num><intro>in paragraph (c)—</intro><level class="para2" eId="schedule-18-paragraph-3-c-i"><num>(i)</num><content><mod>after “January 2000” insert <quotedText>“but before

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-18-paragraph-3-c-i"><num>(i)</num><content><mod>after “January 2000” insert <quotedText>“but before IP completion day”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-18-paragraph-3-c-ii"><num>(ii)</num><content><mod>after “(bi-fuel cars” insert <quotedText>“: registration from 1st January 2000 to IP completion day”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-18-paragraph-3-d"><num>(d)</num><content><mod>at the end of paragraph (c) insert

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-18-paragraph-4-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-18-paragraph-5-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-18-paragraph-6-1"><n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-18-paragraph-7" class="schProv1"><num>7</num><intro>In the Income Tax (Pay As You Earn) Regulations 2003 (<ref eId="c00048" href="http://www.legislation.gov.uk/id/uksi/2003/2682">S.I. 2003/2682</ref>), in Schedule A

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-18-paragraph-7-a"><num>(a)</num><content><mod>after “136,” insert <quotedText>“136A,”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-18-paragraph-7-b"><num>(b)</num><content><mod>after “137,” insert <quotedText>“137A”</quotedText>.</mod></content></level>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-part-3"><num>PART 3</num><heading>Amendments of VERA 1994</heading><paragraph eId="schedule-18-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-18-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-18-paragraph-8-1"><n

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-18-part-4"><num>PART 4</num><heading>Power to make consequential provision</heading><paragraph eId="schedule-18-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-18-paragraph-9-1"><num>(1)</num><content>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-18-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-18-paragraph-9-1"><num>(1)</num><content>The Treasury may by regulations made by statutory instrument make such consequential provision as the

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1998/Math/MathML" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="ht