- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Finance Act 2008, Section 66 is up to date with all changes known to be in force on or before 28 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
(1)In Part 17 of ICTA (tax avoidance)—
(a)in section 704 (cancellation of corporation tax advantages: the prescribed circumstances), omit—
(i)paragraph B (and the “OR” after it), and
(ii)in paragraph C(1), paragraph (b) (and the “or” before it),
(b)in section 709 (definitions), omit subsection (2A),
(c)omit sections 731 to 735 (purchase and sale of securities), and
(d)omit section 736 (company dealing in securities: distribution materially reducing value of holding).
(2)In Part 13 of ITA 2007 (tax avoidance)—
(a)in section 684(2) (person liable to counteraction of income tax advantage), omit the entry relating to section 687 of that Act,
(b)omit section 687 (deductions from profits obtained following distribution or dealings), and
(c)in section 688 (receipt of consideration representing company's assets, future receipts or trading stock), omit—
(i)in subsection (3), paragraph (b) (and the “or” before it), and
(ii)subsections (4), (5) and (9).
(3)In consequence of the amendments made by subsection (1)(a) and (b), omit—
(a)in FA 1997, section 73, and
(b)in ITA 2007, paragraph 155(4) and (5) and (6)(b) of Schedule 1.
(4)In consequence of the amendments made by subsection (1)(c) and (d), omit—
(a)in ICTA, sections 343(5) and 738,
(b)in FA 1990, section 53,
(c)in FA 1991, sections 55 and 56,
(d)in TCGA 1992, paragraph 14(40) and (41) of Schedule 10,
(e)in FA 1994, paragraph 17 of Schedule 16,
(f)in FA 1995, section 81,
(g)in FA 1996—
(i)paragraph 36 of Schedule 20, and
(ii)paragraph 9 of Schedule 38,
(h)in FA 1997, section 77,
(i)in F(No.2)A 1997—
(i)section 26, and
(ii)paragraph 14 of Schedule 6,
(j)in FA 2003, paragraph 6 of Schedule 38,
(k)in ITTOIA 2005, paragraphs 302 and 303 of Schedule 1,
(l)in ITA 2007—
(i)in section 64(8), paragraph (f) (and the “and” before it),
(ii)in section 72(5), paragraph (f) (and the “and” before it),
(iii)in section 448(3), “and section 451”,
(iv)in section 449(3), “and section 451”,
(v)section 451,
(vi)in section 505, in subsection (4) “and section 506” and, in subsection (5) “and in section 506”,
(vii)section 506, and
(viii)paragraphs 167 to 170 of Schedule 1, and
(m)in FA 2007, paragraph 6 of Schedule 14.
(5)The amendments made by subsections (1)(a) and (b), (2) and (3) have effect in relation to transactions in securities entered into on or after 1 April 2008.
(6)The amendment made by subsection (1)(c) has effect in relation to cases where the purchase by the first buyer (within the meaning of section 731(2) of ICTA) is made on or after that date.
(7)The amendment made by subsection (1)(d) has effect in relation to distributions made on or after that date.
(8)The amendments made by subsection (4) have effect in accordance with subsections (6) and (7).
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?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
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?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
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?
Y Ddeddf Gyfan heb Atodlenni 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?
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?
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.
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
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:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
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:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys