Chwilio Deddfwriaeth

Chwiliad Uwch

Finance Act 1982

Status:

Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

  1. Introductory Text

  2. PART I Customs and Excise

    1. 1.Duties on spirits, beer, wine, made-wine and cider

    2. 2.Tobacco products

    3. 3.Hydrocarbon oil, etc.

    4. 4.Aviation gasoline

    5. 5.Vehicles excise duty: Great Britain

    6. 6.Vehicles excise duty: Northern Ireland

    7. 7.Additional liability in relation to alteration of vehicle or its use

    8. 8.Betting and gaming duties

    9. 9.Immature spirits for home use and loss allowance for imported beer

    10. 10.Regulator powers

    11. 11.Powers of Commissioners with respect to agricultural levies etc.

    12. 12.Delegation of Commissioners' functions

  3. PART II Value Added Tax and Car Tax

    1. 13.Registration

    2. 14.Input tax

    3. 15.Supplies spanning change of rate etc.

    4. 16.Treatment of partnerships

    5. 17.Recovery of over-payment of value added tax etc.

    6. 18.Car tax: reduction for motor caravans

    7. 19.Car tax: transfer of liability on transfer of stocks

  4. PART III Income Tax, Corporation Tax and Capital Gains Tax

    1. CHAPTER I General

      1. 20.Charge of income tax for 1982-83

      2. 21.Charge of corporation tax for financial year 1981

      3. 22.Rate of advance corporation tax for financial year 1982

      4. 23.Corporation tax: small companies

      5. 24.Personal reliefs

      6. 25.Relief for interest

      7. 26.Deduction of tax from certain loan interest

      8. 27.Termination of the option mortgage schemes

      9. 28.Variation of terms of repayment of certain loans

      10. 29.Supplementary regulations

      11. 30.Exemption from income tax: mobility allowance

      12. 31.Income taxable under Schedule E

      13. 32.Social security benefits

      14. 33.Small maintenance payments

      15. 34.Life assurance: variation in life or lives assured

      16. 35.Life assurance: qualifying policies and policies on the lives of children

      17. 36.Relief in respect of certain income of trade unions

      18. 37.Retirement annuity relief: Lloyds' underwriters

      19. 38.Retirement annuity relief: older contributors

      20. 39.Partnership retirement annuities

      21. 40.Share options

      22. 41.Share options etc.: restrictions on insider dealing

      23. 42.Approved profit sharing schemes

      24. 43.Payments for loss of employment etc.

      25. 44.Benefits in kind: vouchers

      26. 45.Benefits in kind: credit-tokens

      27. 46.Benefits in kind: cars and car fuel

      28. 47.Sub-contractors in the construction industry

      29. 48.Contributions to local enterprise agencies

      30. 49.Relief for interest: loans for investment in close companies

      31. 50.Relief for pre-trading expenditure

      32. 51.Investment in new corporate trades

      33. 52.Subsidiaries of qualifying companies

      34. 53.Purchase of own shares by unquoted trading company

      35. 54.Purchase of company's own shares from dealer

      36. 55.Application of advance corporation tax on purchase of company's own shares

      37. 56.Close companies: apportionment of income

      38. 57.Eurobond dealers: exemption from bond-washing provisions

      39. 58.Index-linked Treasury Stock

      40. 59.Manufactured dividends: extension to certain securities issued by building societies

      41. 60.Limitation on meaning of " distribution " for corporation tax

      42. 61.Maintenance funds for historic buildings: reimbursement of settlor

      43. 62.Maintenance funds: miscellaneous amendments

      44. 63.Sums paid to settlor otherwise than as income

      45. 64.Payments of interest in currencies other than sterling

      46. 65.Double taxation relief: interest on certain overseas loans

      47. 66.Double taxation relief: underlying tax reffecting interest on loans

      48. 67.Double taxation relief: branches of non-resident banks

      49. 68.Postponement of recovery of tax

      50. 69.Interest on unpaid tax

    2. CHAPTER II Capital Allowances

      1. 70.Allowances for assets leased outside the United Kingdom

      2. 71.Restriction on first-year allowances in respect of ships and aircraft let on charter

      3. 72.Expenditure on production and acquisition of films etc.

      4. 73.Industrial buildings allowance: very small workshops

      5. 74.Industrial buildings allowance: licensees

      6. 75.Industrial buildings allowance: maintenance of goods etc.

      7. 76.Allowances for dwelling houses let on assured tenancies

      8. 77.Teletext receivers and teletext and viewdata adaptors

      9. 78.Extension of section 515 relief to Case V of Schedule D

      10. 79.Capital allowances and stock relief

    3. CHAPTER III Capital Gains

      1. 80.Increase and indexation of annual exempt amount

      2. 81.Increase of chattel exemption

      3. 82.Extension of general relief for gifts

      4. 83.Relief on compulsory purchase

      5. 84.Termination of life interest etc.

      6. 85.Maintenance funds for historic buildings

      7. 86.Indexation allowance on certain disposals

      8. 87.Calculation of indexation allowance

      9. 88.Identification of securities etc. disposed of: general rules

      10. 89.Identification of securities: special rules

  5. PART IV Capital Transfer Tax

    1. CHAPTER I General

      1. 90.Reduction of tax

      2. 91.Indexation of rate bands

      3. 92.Exemptions

      4. 93.Maintenance funds: Treasury directions

      5. 94.Provisions supplementary to section 93

      6. 95.Maintenance funds: exempt transfers

      7. 96.Non-residents' bank accounts

      8. 97.Scottish agricultural leases

      9. 98.Employee and newspaper trusts

      10. 99.Close companies

      11. 100.Apsley House

    2. CHAPTER II Settlements Without Interests in Possession

      1. Preliminary

        1. 101.Preliminary

      2. Principal definitions

        1. 102.Relevant property

        2. 103.Qualifying interest in possession

        3. 104.Commencement of settlement

        4. 105.Ten-year anniversary

        5. 106.Related settlements

      3. Principal charge to tax

        1. 107.Charge at ten-year anniversary

        2. 108.Charge at other times

      4. Rates of principal charge

        1. 109.Rate of ten-yearly charge

        2. 110.Added property etc.

        3. 111.Rate before first ten-year anniversary

        4. 112.Rate between ten-year anniversaries

      5. Special cases

        1. 113.Property leaving temporary charitable trusts

        2. 114.Accumulation and maintenance trusts

        3. 115.Property becoming subject to employee trusts

        4. 116.Property leaving employee trusts and newspaper trusts

        5. 117.Maintenance funds for historic buildings

        6. 118.Protective trusts and trusts for disabled persons

        7. 119.Property becoming held for charitable purposes or by exempt bodies

      6. Miscellaneous

        1. 120.Initial interest of settlor or spouse

        2. 121.Property moving between settlements

        3. 122.Excluded property

        4. 123.Property becoming settled on a death

        5. 124.Income applied for charitable purposes

        6. 125.Annual charges under Finance Act 1975

        7. 126.Minor interpretative provisions

        8. 127.Amendments

  6. PART V Stamp Duty

    1. 128.Reduction of duty on conveyances and leases

    2. 129.Exemption from duty on grants, transfers to charities, etc.

    3. 130.Exemption from duty for substituted life policies

    4. 131.Maintenance funds for historic buildings

  7. PART VI Oil Taxation

    1. CHAPTER I General

      1. 132.Increase of petroleum revenue tax and ending of supplementary petroleum duty

      2. 133.Export sales of gas

      3. 134.Alternative valuation of ethane used for petrochemical purposes

      4. 135.Determination of oil fields

      5. 136.Treatment of losses and charges on income

      6. 137.Expenditure met by regional development grants to be disregarded for certain purposes

      7. 138.Provisions supplementary to section 137

    2. CHAPTER II Advance Petroleum Revenue Tax

      1. 139.Liability for APRT and credit against liability for petroleum revenue tax

      2. 140.Increase of gross profit by reference to royalties in kind

      3. 141.Reduction of gross profit by reference to exempt allowance

      4. 142.Consequences of crediting APRT against liability for petroleum revenue tax

  8. PART VII Miscellaneous and Supplementary

    1. 143.Reduction of national insurance surcharge

    2. 144.Additional payments by programme contractors

    3. 145.Certificates of tax deposit: extension of interest period

    4. 146.Transfer of assets of British National Oil Corporation

    5. 147.Transfer of assets of British Gas Corporation

    6. 148.Transfer of assets of Hops Marketing Board

    7. 149.Recovery of overpayment of tax, etc, 150. Investment in gilt-edged unit trusts

    8. 150.In Part II of Schedule 1 to the Trustee Investments...

    9. 151.National savings accounts

    10. 152.Additional power of Treasury to borrow

    11. 153.Variable rates of interest for government lending

    12. 154.Local loans

    13. 155.Extinguishment of deferred liability of charities for development land tax

    14. 156.Dissolution of Board of Referees

    15. 157.Short title, interpretation, construction and repeals

  9. SCHEDULES

    1. SCHEDULE 1

      Wine: Rates of Duty

    2. SCHEDULE 2

      Made-Wine: Rates of Duty

    3. SCHEDULE 3

      Provisions Substituted in Vehicles (Excise) Act 1971 (c. 10)

      1. I PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE I

      2. II PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 2

      3. III PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 3

      4. IV PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 4 TABLES SHOWING ANNUAL RATES OF DUTY ON GOODS VEHICLES

      5. V PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 5

    4. SCHEDULE 4

      Provisions Substituted in Vehicles (Excise) Act (Northern Ireland) 1972 (N.I. c. 10)

      1. I PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 1

      2. II PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 2

      3. III PROVISIONS SUBSTITUTED FOR PART 11 OF SCHEDULE 3

      4. IV PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 4 TABLES SHOWING ANNUAL RATES OF DUTY ON GOODS VEHICLES

      5. V PROVISIONS SUBSTITUTED FOR PART II OF SCHEDULE 5

    5. SCHEDULE 5

      Annual Rates of Duty on Goods Vehicles

      1. PART A PROVISIONS HAVING EFFECT AS SCHEDULE 4 TO THE VEHICLES (EXCISE) ACT 1971 AND (AS MODIFIED BY PART B OF THIS SCHEDULE) AS SCHEDULE 4 TO THE VEHICLES (EXCISE) ACT (NORTHERN IRELAND) 1972

        1. PART I GENERAL PROVISIONS

          1. Vehicles chargeable at the basic rate of duty

            1. 1.(1) Subject to paragraphs 5 and 6 below, the annual...

          2. Vehicles exceeding 75 but not exceeding 12 tonnes plated weight

            1. 2.Subject to paragraphs 1(1)(c) above and 6 below, the annual...

          3. Rigid goods vehicles exceeding 12 tonnes plated gross weight

            1. 3.(1) Subject to the provisions of this Schedule, the annual...

          4. Tractor units exceeding 12 tonnes plated train weight

            1. 4.(1) This paragraph applies to a tractor unit which has...

          5. Special types of vehicles

            1. 5.(1) This paragraph applies to a goods vehicle—

          6. Farmer's goods vehicles and showmen's goods vehicles

            1. 6.(1) If the unladen weight of— (a) a farmer's goods...

          7. Smaller goods vehicles

            1. 7.If a goods vehicle— (a) has an unladen weight which...

          8. Vehicles treated as having reduced plated weights

            1. 8.(1) The Secretary of State may by regulations provide that,...

          9. Plated and unladen weights

            1. 9.(1) Any reference in this Schedule to the plated gross...

          10. Goods vehicles used partly for private purposes

            1. 10.(1) Where a goods vehicle is partly used for private...

          11. Exempted vehicles

            1. 11.Duty shall not be chargeable by virtue of this Schedule...

            2. 12.(1) This paragraph and paragraph 13 below apply to agricultural...

            3. 13.(1) This paragraph shall have effect in relation to any...

          12. Tractor units used with semi-trailers having only one axle when duty paid by reference to use with semi-trailers having more than one axle

            1. 14.(1) This paragraph applies in any case where—

          13. Interpretation

            1. 15.(1) In this Schedule, unless the context otherwise requires— "...

        2. PART II

      2. PART B MODIFICATIONS FOR NORTHERN IRELAND

        1. 16.(1) The following are the modifications subject to which, by...

    6. SCHEDULE 6

      Betting and Gaming Duties

      1. PART I General

        1. 1.In this Schedule— the " 1981 Act" means the Betting...

      2. PART II Pool Betting Duties

        1. 2.In section 7 of the 1981 Act and section 18(1)...

      3. PART III Gaming Licence Duty

        1. 3.In section 14 of the 1981 Act (rate of duty)...

      4. PART IV Bingo Duty

        1. 4.In section 17 of the 1981 Act (bingo duty) in...

        2. 5.(1) Schedule 3 to the 1981 Act (exemptions from bingo...

      5. PART V Gaming Machine Licence Duty

        1. Great Britain

          1. 6.In sections 21(1) and 24(1) of the 1981 Act (gaming...

          2. 7.In subsection (2) of section 21 of the 1981 Act...

          3. 8.In subsection (1) of section 22 of the 1981 Act...

          4. 9.In subsection (5) of section 22 of the 1981 Act...

          5. 10.In section 23 of the 1981 Act (amount of duty)...

          6. 11.In subsection (2) of section 23 (rate of duty for...

          7. 12.In subsection (6) of section 24 of the 1981 Act...

          8. 13.In subsection (4) of section 25 of the 1981 Act...

          9. 14.(1) In section 26 of the 1981 Act, in subsection...

          10. 15.In paragraph 4 of Schedule 4 to 1981 Act (licences...

          11. 16.At the end of sub-paragraph (3) of paragraph 7 of...

          12. 17.In paragraph 13 of Schedule 4 to the 1981 Act...

        2. Northern Ireland

          1. 18.At the end of subsection (3) of section 43 of...

          2. 19.(1) In subsection (2) of section 44 of the 1972...

          3. 20.In section 46 of the 1972 Act (gaming machine licences)...

          4. 21.In subsection (4) of section 48 of the 1972 Act...

          5. 22.At the end of sub-paragraph (2) of paragraph 9 of...

          6. 23.In paragraph 13 of Schedule 3 to the 1972 Act...

          7. 24.In paragraph 14(1) of Schedule 3 to the 1972 Act...

    7. SCHEDULE 7

      Deduction of Tax from Certain Loan Interest

      1. PART I Relevant Loan Interest

        1. Interpretation

          1. 1.In this Schedule— " the 1967 Act " means the...

        2. Qualifying conditions

          1. 2.(1) Subject to the following provisions of this Schedule, interest...

          2. 3.(1) In determining whether sub-paragraph (2) of paragraph 2 above...

          3. 4.(1) Notwithstanding anything in paragraph 2 above, interest on a...

        3. Loans over the tax relief limit

          1. 5.(1) The provisions of this paragraph have effect in relation...

        4. Joint borrowers

          1. 6.(1) Where a loan on which interest is payable by...

      2. PART II Application of the Principal Section

        1. 7.(1) The principal section does not apply to any relevant...

        2. 8.(1) If at any time— (a) the interest on a...

        3. 9.(1) If, as a result of receiving a notice under...

        4. 10.(1) Where it appears to the Board that any of...

        5. 11.In any case where— (a) the principal section applies to...

        6. 12.(1) No obligation as to secrecy imposed by statute or...

      3. PART III Qualifying Borrowers

        1. 13.(1) Subject to the provisions of this paragraph, an individual...

      4. PART IV Qualifying Lenders

        1. 14.(1) The following bodies are qualifying lenders for the purposes...

        2. 15.Without prejudice to paragraph 14 above, in relation to interest...

    8. SCHEDULE 8

      Sub-Contractors in the Construction Industry

      1. 1.In section 70 of the Finance (No. 2) Act 1975,...

      2. 2.In subsection (2)(c) of that section, for the words "by...

      3. 3.In subsection (4) of that section, at the end there...

      4. 4.In subsection (7) of that section, after paragraph (g) there...

      5. 5.After that section there shall be inserted— Provision for limited...

      6. 6.In section 71 of that Act, for subsection (5) there...

      7. 7.In paragraph 2 of Part I of Schedule 12 to...

      8. 8.In sub-paragraph (2) of that paragraph for the words from...

      9. 9.(1) At the end of that paragraph there shall be...

      10. 10.After paragraph 2 of Part I of Schedule 12 to...

      11. 11.In paragraph 3 of Part I of that Schedule, in...

      12. 12.After sub-paragraph (1) of that paragraph there shall be inserted—...

      13. 13.In sub-paragraph (2) of that paragraph for the word "...

      14. 14.In paragraph 1 of Part II of that Schedule, in...

      15. 15.In paragraph 2 of Part IV of that Schedule, in...

    9. SCHEDULE 9

      Purchase of Own Shares by Unquoted Trading Company

      1. Conditions for application of section 53(1)

        1. 1.(1) The vendor must be resident and ordinarily resident in...

        2. 2.(1) The shares must have been owned by the vendor...

        3. 3.(1) If immediately after the purchase the vendor owns shares...

        4. 4.(1) If immediately after the purchase any associate of the...

        5. 5.(1) This paragraph applies where the company making the purchase...

        6. 6.(1) This paragraph applies where the company making the purchase...

        7. 7.(1) The vendor must not immediately after the purchase be...

        8. 8.(1) The purchase must not be part of a scheme...

        9. 9.(1) Where— (a) any of the conditions in paragraphs 3...

      2. Administration

        1. 10.(1) A payment made by a company on the redemption,...

        2. 11.(1) A company which treats a payment made by it...

        3. 12.(1) Where the inspector has reason to believe that a...

        4. 13.(1) The Table in section 98 of the Taxes Management...

      3. Interpretation

        1. 14.(1) Any question whether a person is an associate of...

        2. 15.(1) Any question whether a person is connected with a...

        3. 16.(1) In section 53 of this Act and in this...

    10. SCHEDULE 10

      Income Tax : Maintenance Funds for Historic Buildings

      1. Finance Act 1977

        1. 1.(1) Section 38 of the Finance Act 1977 shall be...

      2. Finance Act 1980

        1. 2.(1) Section 52 of the Finance Act 1980 shall be...

        2. 3.(1) Section 53 of the Finance Act 1980 shall be...

    11. SCHEDULE 11

      Capital Allowances for Assets Leased Outside the United Kingdom

      1. Interpretation

        1. 1.In this Schedule " the principal section " means section...

      2. Separate pooling of writing-down allowances

        1. 2.In any case where section 44 of the Finance Act...

      3. Recovery of excess relief

        1. 3.(1) In relation to expenditure falling within subsection (1) of...

        2. 4.(1) Subject to sub-paragraph (3) below, the provisions of sub-paragraph...

      4. Information

        1. 5.(1) The obligation to give notice by virtue of subsection...

      5. Joint lessees

        1. 6.(1) The provisions of this paragraph have effect where machinery...

    12. SCHEDULE 12

      Capital Allowances for Dwelling-Houses Let on Assured Tenancies

      1. Initial allowances

        1. 1.(1) Subject to the provisions of this Schedule, where an...

      2. Writing-down allowances

        1. 2.(1) Subject to the provisions of this Schedule, where—

      3. Qualifying dwelling-house

        1. 3.(1) In this Schedule " qualifying dwelling-house " means, subject...

      4. Balancing allowances and balancing charges

        1. 4.(1) Where any capital expenditure has been incurred on the...

        2. 5.(1) If, in a case where paragraph 4(1) above applies,...

        3. 6.(1) If a dwelling-houses ceases to be a qualifying dwelling-house...

      5. Writing off of expenditure and meaning of " residue of expenditure "

        1. 7.(1) Any expenditure appropriate to a qualifying dwelling-house shall be...

      6. Buildings bought unused

        1. 8.(1) Subject to sub-paragraph (2) below, where expenditure is incurred...

      7. Manner of making allowances and charges

        1. 9.(1) Any allowance under this Schedule shall be made to...

      8. Expenditure on repair of buildings

        1. 10.This Schedule shall have effect in relation to capital expenditure...

      9. Exclusion of double allowances

        1. 11.No allowance shall be made under this Schedule in respect...

      10. Holding over by lessee etc.

        1. 12.(1) Where the relevant interest in relation to the capital...

      11. Meaning of " the relevant interest"

        1. 13.(1) Subject to the provisions of this paragraph, in this...

      12. Application of provisions of Capital Allowances Act 1968

        1. 14.The following provisions of the Capital Allowances Act 1968, namely—...

      13. Interpretation

        1. 15.(1) In this Schedule— " approved body " has the...

    13. SCHEDULE 13

      The Indexation Allowance

      1. PART I General

        1. Part disposals

          1. 1.For the purpose of determining the indexation allowance (if any)...

        2. Disposals on a no-gain / no-loss basis

          1. 2.(1) This paragraph applies to a disposal of an asset...

        3. Subsequent disposals following no-gain / no-loss disposals

          1. 3.(1) The provisions of this paragraph apply in relation to...

        4. Receipts etc. which are not treated as disposals but affect relevant allowable expenditure

          1. 4.(1) This paragraph applies where, in determining the relevant allowable...

        5. Reorganisations, reconstructions etc.

          1. 5.(1) This paragraph applies where.— (a) by virtue of section...

        6. Calls on shares etc.

          1. 6.(1) Sub-paragraph (2) below applies where.— (a) on a disposal...

        7. Options

          1. 7.(1) This paragraph applies where, on a disposal to which...

      2. PART II Existing Share Pools

        1. 8.(1) The provisions of this Part of this Schedule have...

        2. 9.(1) For the purposes of this paragraph there shall be...

        3. 10.(1) For the purpose of computing the indexation allowance (if...

        4. 11.In paragraph 2(2) of Schedule 5 to the Capital Gains...

    14. SCHEDULE 14

      Rates of Capital Transfer Tax

    15. SCHEDULE 15

      Capital Transfer Tax

      1. Settlements Commencing Before 27th March 1974

        1. PART I Permanent Provisions

          1. Introductory

            1. 1.In relation to settlements which commenced before 27th March 1974,...

          2. Rate of ten-yearly charge

            1. 2.(1) Section 109(4) shall have effect with the omission of...

            2. 3.Section 110 shall have effect with the substitution of the...

          3. Rate before first ten-year anniversary

            1. 4.(1) For the reference in section 111(1) to the appropriate...

            2. 5.Section 111(4) shall have effect with the substitution of the...

        2. PART II Election During Transitional Period

          1. 6.(1) This paragraph shall apply to a settlement which commenced...

          2. 7.(1) This paragraph shall apply to a settlement in respect...

          3. 8.(1) This paragraph shall apply to a settlement which commenced...

          4. 9.In paragraphs 6 and 8 above " the permitted time...

    16. SCHEDULE 16

      Capital Transfer Tax : Maintenance Funds for Historic Buildings

      1. Property becoming comprised in maintenance funds

        1. 1.(1) Subject to sub-paragraphs (2) and (3) below, tax shall...

      2. Property leaving maintenance funds: charge to tax

        1. 2.(1) This paragraph applies to settled property which is held...

      3. Property leaving maintenance funds: exceptions from charge

        1. 3.(1) Subject to sub-paragraphs (3) and (4) below, tax shall...

        2. 4.(1) Subject to the following provisions of this paragraph, tax...

      4. Property leaving maintenance funds: rates of charge

        1. 5.(1) This paragraph applies where tax is chargeable under paragraph...

        2. 6.(1) This paragraph applies where tax is chargeable under paragraph...

        3. 7.(1) The first rate is the aggregate of the following...

        4. 8.(1) If the settlor is alive, the second rate is...

        5. 9.Where property is, by virtue of section 94(5) of this...

    17. SCHEDULE 17

      Capital Transfer Tax Settlements Without Interests in Possession

      1. Finance Act 1975

        1. 1.In section 25(3) of the Finance Act 1975 after the...

        2. 2.In section 25(9) of that Act for the words from...

        3. 3.For section 43(5) of that Act there shall be substituted—...

        4. 4.For subsection (1A) of section 47 of that Act there...

        5. 5.For subsection (2A) of section 51 of that Act there...

        6. 6.In section 51(5) of that Act, the words "(except paragraph...

        7. 7.In paragraph 2 of Schedule 4 to that Act—

        8. 8.For paragraph 4(3) of that Schedule there shall be substituted—...

        9. 9.In paragraph 6(6) of that Schedule for the words from...

        10. 10.In paragraph 12(4) of that Schedule after the words "...

        11. 11.In paragraph 13 of that Schedule— (a) in sub-paragraph (5)(b)...

        12. 12.In paragraph 14(4)(b) of that Schedule for the words "paragraph...

        13. 13.In paragraph 19(1)(c) of that Schedule after the words "...

        14. 14.In paragraph 20(1)(b) of that Schedule after the words "...

        15. 15.In paragraph 25(5) of that Schedule for the words from...

        16. 16.In paragraph 1(8) of Schedule 5 to that Act, after...

        17. 17.In paragraph 16(6) of that Schedule, for the words from...

        18. 18.In paragraph 17(3)(b) of that Schedule, after the word "...

        19. 19.(1) Paragraph 3 of Schedule 7 to that Act shall...

        20. 20.In paragraph 4 of Schedule 10 to that Act, for...

        21. 21.In paragraph 9A of that Schedule for the words "relevant...

        22. 22.In paragraph 11 of that Schedule, for sub-paragraph (5) there...

      2. Finance Act 1976

        1. 23.In section 73 of the Finance Act 1976, for paragraph...

        2. 24.(1) Section 79 of that Act shall be amended as...

        3. 25.(1) Section 80 of that Act shall be amended as...

        4. 26.For sections 81 and 82 of that Act there shall...

        5. 27.In section 83 of that Act, after subsection (3) there...

        6. 28.For subsection (8) of section 114 of that Act there...

        7. 29.For subsection (6) of section 122 of that Act there...

        8. 30.For paragraph 1 of Schedule 10 to that Act there...

      3. Finance Act 1980

        1. 31.In Schedule 15 to the Finance Act 1980, after paragraph...

        2. 32.For paragraph 6 of that Schedule there shall be substituted—...

      4. Finance Act 1981

        1. 33.In section 96(1) of the Finance Act 1981, for paragraph...

        2. 34.In Schedule 14 to that Act, for sub-paragraph (1) of...

    18. SCHEDULE 18

      Alternative Valuation of Ethane Used for Petrochemical Purposes

      1. The election

        1. 1.(1) An election shall be made— (a) in so far...

      2. Conditions for acceptance of an election

        1. 2.(1) Subject to sub-paragraphs (2) and (3) below, the Board...

        2. 3.(1) In paragraph 2 above "relevant contract" means a contract...

      3. Notice of acceptance or rejection

        1. 4.(1) Notice of the acceptance or rejection of an election...

      4. Market value ceasing to be readily ascertainable

        1. 5.(1) In any case where— (a) it appears to the...

      5. Price formula ceasing to give realistic market values

        1. 6.(1) If, at any time after the expiry of the...

      6. Acceptance or rejection of new price formula

        1. 7.(1) Subject to sub-paragraph (3) below, the Board shall accept...

        2. 8.(1) Where the Board give notice to any person or...

      7. Returns

        1. 9.In any case where a notice under paragraph 5(1)(b) above...

      8. Penalties for incorrect information etc.

        1. 10.(1) Paragraphs 8 and 9 of Schedule 2 to the...

      9. Interpretation

        1. 11.(1) Subsection (6) of section 134 of this Act has...

    19. SCHEDULE 19

      Supplementary Provisions Relating to APRT

      1. PART I Collection of Tax

        1. Payment of tax

          1. 1.(1) APRT which a participator is liable to pay in...

          2. 2.(1) Subject to sub-paragraph (2) below, if for any chargeable...

          3. 3.(1) If in any month a participator in an oil...

          4. 4.Certificates of tax deposit issued by the Treasury under section...

        2. Assessments and appeals

          1. 5.(1) Where it appears to the Board that any APRT...

          2. 6.(1) Where it appears to the Board that any gross...

          3. 7.(1) A participator may appeal to the Special Commissioners against...

          4. 8.Paragraphs 5(2) to (4) and 7 above shall apply in...

        3. Overpayment of tax

          1. 9.(1) Where in respect of any oil field a participator...

        4. Interest

          1. 10.(1) APRT payable for a chargeable period but not paid...

        5. Transitional provisions

          1. 11.(1) In any case where, by virtue of section 105...

          2. 12.(1) Every participator in an oil field shall in March...

          3. 13.(1) If, in respect of the chargeable period ending on...

      2. PART II Miscellaneous

        1. Repayment of APRT

          1. 14.(1) If a participator in an oil field has an...

        2. Transfer of interest in fields

          1. 15.(1) This paragraph has effect in a case where Part...

        3. Net profit periods

          1. 16.(1) For the purposes of sections 111, 112 and 113...

        4. Abandoned fields

          1. 17.(1) The provisions of this paragraph apply where—

      3. PART III Amendments

        1. 18.In section 2 of the principal Act, at the beginning...

        2. 19.(1) In paragraph 13 of Schedule 2 to the principal...

        3. 20.In sub-paragraph (2) and (4) of paragraph 5 of Schedule...

        4. 21.In section 1 of the Petroleum Revenue Tax Act 1980...

    20. SCHEDULE 20

      National Savings Accounts

      1. 1.The National Savings Bank Act 1971 shall have effect subject...

      2. 2.In subsection (2) of section 3 (provisions as to investment...

      3. 3.(1) In section 4 (power by order to limit amount...

      4. 4.(1) In subsection (1) of section 5 (interest on ordinary...

      5. 5.(1) In section 6 (interest on investment deposits) at the...

      6. 6.In section 7 (withdrawal of deposits)— (a) in subsection (1)...

      7. 7.In subsection (1) of section 8 (matters which may be...

      8. 8.In section 27 (interpretation) after the definition of " the...

    21. SCHEDULE 21

      Dissolution of Board of Referees: Consequential Provision

      1. Capital Allowances

        1. 1.(1) Section 26 of the Capital Allowances Act 1968 (determination...

        2. 2.The Income Tax (Applications for Increase of Wear and Tear...

      2. The tribunal

        1. 3.(1) For paragraph (a) of section 463 of the Taxes...

      3. Savings and transitionals

        1. 4.(1) Section 54 of the Taxes Management Act 1970 (settling...

    22. SCHEDULE 22

      Repeals

      1. PART I Miscellaneous Customs and Excise and Value Added Tax

      2. PART II Vehicles Excise Duty

      3. PART III Gaming Machine Licence Duty

      4. PART IV Income and Corporation Tax: General

      5. PART V Option Mortgage Schemes

      6. PART VI Capital Gains

      7. PART VII Capital Transfer Tax

      8. PART VIII Stamp Duty

      9. PART IX Oil Taxation

      10. PART X Board of Referees

      11. PART XI Spent Enactments

Yn ôl i’r brig

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open y Ddeddf Gyfan

Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill