Chwilio Deddfwriaeth

Finance Act 1989

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Section 73

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1989, Section 73. Help about Changes to Legislation

73 Information. U.K.

(1)An inspector may by notice in writing require a return to be made by the trustees of an employee share ownership trust if they have at any time received a sum which has been deducted as mentioned in section 67(2)(a) above or treated as mentioned in section 67(2)(b) above.

(2)Where he requires such a return to be made the inspector shall specify the information to be contained in it.

(3)The information which may be specified is information the inspector needs for the purposes of sections 68 to 72 above, and may include information about—

(a)sums received (including sums borrowed) by the trustees;

(b)expenditure incurred by them;

(c)assets acquired by them;

(d)transfers of assets made by them.

(4)The information which may be required under subsection (3)(a) above may include the persons from whom the sums were received.

(5)The information which may be required under subsection (3)(b) above may include the purpose of the expenditure and the persons receiving any sums.

(6)The information which may be specified under subsection (3)(c) above may include the persons from whom the assets were acquired and the consideration furnished by the trustees.

(7)The information which may be included under subsection (3)(d) above may include the persons to whom assets were transferred and the consideration furnished by them.

(8)In a case where a sum has been deducted as mentioned in section 67(2)(a)above, or treated as mentioned in section 67(2)(b) above, the inspector shall send to the trustees to whom the payment was made a certificate stating—

(a)that a sum has been so deducted or so treated, and

(b)what sum has been so deducted or so treated.

(9)In the Table in section 98 of the M1Taxes Management Act1970 (penalties for failure to comply with notices etc.) at the end of the first column there shall be inserted— “ Section 73 of the Finance Act 1989 ”.

Modifications etc. (not altering text)

C1 See Finance Act 1990 (c. 29) ss.31–40—.roll-over relief for disposal of assets to employeeshare ownership trusts

Marginal Citations

Yn ôl i’r brig

Options/Cymorth

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules 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 without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?