- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (22/07/2004)
- Gwreiddiol (Fel y'i Deddfwyd)
Finance Act 1989 is up to date with all changes known to be in force on or before 26 August 2024. There are changes that may be brought into force at a future date.
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Part II Income Tax, Corporation Tax and Capital Gains Tax
83AA. Amounts added to long term insurance fund of a company in excess of that company’s loss.
83AB. Treatment of surplus where there is a subsequent transfer of business from the company etc.
84. Interpretation of sections 85 to 89 and further provisions about insurance companies.
85. Charge of certain receipts of basic life assurance business.
88A. Lower corporation tax rate on certain insurance company profits.
89A. Modification of sections 83 and 89 in relation to overseas life insurance companies.
Part III Miscellaneous and General
SCHEDULES
5.The following section shall be substituted for section 21 (refund...
6.(1) The following section shall be inserted in the ValueAdded...
7.In section 42 (adjustment of consideration on changes in tax)...
8.In section 45(4) (orders etc.) of the Value Added TaxAct...
9.In section 48 (interpretation) of the Value Added Tax Act...
10.In Schedule 1 (registration) to the Value Added Tax Act...
3.After section 177 there shall be inserted— Death of scheme...
4.(1) Section 178 (cancellation of registration) shall be amended as...
9.(1) Paragraph 7 of Schedule 8 (no payments for employees...
10.(1) Paragraphs 13(2) and 14(2) of Schedule 8 (which provide...
12.In paragraph 14 of Schedule 8 (calculation of distributable pool...
14.(1) Paragraph 19 of Schedule 8 (profit and loss account...
15.After paragraph 20 of Schedule 8 there shall be inserted—...
Part I Amendments of Taxes Act
3.(1) Section 590 (conditions for approval of schemes) shall be...
4.The following sections shall be inserted after section 590— Section...
5.(1) Section 592 (exempt approved schemes) shall be amended as...
6.(1) Section 594 (exempt statutory schemes) shall be amended as...
7.Section 595(2) and (3) (charge to tax in certain cases)...
8.(1) Section 596 (exceptions from section 595) shall be amended...
9.The following section shall be inserted after section 596— Charge...
10.In section 598(1)(b) (charge to tax: repayment of employee’scontributions) the...
11.(1) Section 599 (charge to tax: commutation of entire pension...
12.(1) The following section shall be inserted after section 599—...
13.(1) Section 600 (charge to tax: unauthorised payments to or...
14.In section 605 (information) the word “relevant” shall be inserted...
15.The following section shall be inserted after section 611— Definition...
16.In section 828(4) (orders) after “377(8)” there shall be inserted...
17.Paragraph 8 of Schedule 23 (benefits under scheme for additional...
Part II Approved Schemes: General
Part III Approved Schemes: Additional Voluntary Contributions
Part I Amendments of Taxes Act
3.(1) In section 640 (maximum amount of deductions) the following...
4.(1) The following section shall be inserted after section 640—...
5.(1) Section 644 (meaning of relevant earnings) shall be amended...
6.(1) Section 645 (earnings from pensionable employment) shall be amended...
7.(1) In section 646 (“net relevant earnings”) in subsection (1)...
8.(1) The following section shall be inserted after section 646—...
9.In section 655(5) (provisional approval in the case of applications...
Amendments of Chapter I of Part XII of Taxes Act 1988 (InsuranceCompanies)
2.Section 433 (profits reserved for policy holders or annuitants) shallcease...
3.(1) In section 434 (franked investment income etc.), for subsection...
4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.Section 435 (taxation of gains reserved for policy holders and...
6.In section 436 (annuity and pension business: separate charge on...
Modification of sections 83 to 83A and 89 in relation to overseas life insurance companies
1.(1) In their application to an overseas life insurance company...
1A.(1) The reference in section 83(2)(a) to investment income shall...
1B.(1) The references in section 83A to the company’s long-term...
1C.(1) Where for a period of account any investment income...
2.(1) In its application to an overseas life insurance company...
1.Schedule 4 to the Taxes Act 1988 (deep discount securities)...
3.The following sub-paragraph shall be inserted after paragraph 4(7)—
4.In paragraph 11(1) after the words “deep discount security” thereshall...
5.The following paragraph shall be inserted after paragraph 11—
6.The following sub-paragraph shall be inserted after paragraph 13(2)—
7.The following shall be inserted after paragraph 14— Retirement benefit...
Part IV Income and Corporation Tax: General
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