- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (07/02/2023)
- Gwreiddiol (Fel y'i Deddfwyd)
There are currently no known outstanding effects for the Finance Act 2021.
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72.Prevention of artificial separation of business activities: directions
73.Prevention of artificial separation of business activities: effect of directions
74.Death, incapacity or insolvency of person carrying on a business: regulations
76.Isle of Man: import and export of chargeable plastic packaging components
92.Extension of temporary 5% reduced rate for hospitality and tourism sectors
93.Temporary 12.5% reduced rate for hospitality and tourism sectors
94.Extending digital record-keeping for VAT purposes to all businesses
98.Continuing effect of principle preventing the abuse of the VAT system
99.Deferring VAT payment by reason of the coronavirus emergency
PART 4 Miscellaneous and final
SCHEDULES
Small profits rate for non-ring fence profits
PART 2 Amendments of Chapter 3A of Part 8 of CTA 2010
5.In section 279A (corporation tax rates on ring fence profits),...
7.(1) Section 279C (company with ring fence profits and other...
8.After section 279D insert— The remaining amount (1) In section 279C “the remaining amount” means the amount...
10.After section 279E insert— Supplementary Interpretation etc (1) The rules in Part 3A (see sections 18E to...
11.Omit sections 279F to 279H (meaning of “related 51% group...
PART 3 Consequential amendments
20.(1) Section 357BN (profits arising from the exploitation of patents...
21.(1) Section 357BNB (profits arising from the exploitation of patents...
22.In section 534 (REITs: profits), after subsection (2) insert—
23.In section 535 (REITs: gains), after subsection (5) insert—
24.In section 543 (REITs: financing-cost ratio), after subsection (4) insert—...
25.In section 551 (REITs: distribution to holder of excessive rights),...
26.In section 564 (REITs: breach of condition as to distribution...
27.In section 614 (open-ended investment companies: applicable corporation tax rate),...
28.In section 618 (authorised unit trusts: applicable corporation tax rate),...
29.For section 627 substitute— Meaning of “main rate of corporation...
30.In section 1119 (Corporation Tax Acts definitions), omit the definition...
Temporary extension of periods to which trade losses may be carried back
Relief for trade losses incurred in accounting periods ending in financial year 2020 or 2021
Cap on claims by company that is not a member of a 2020 group or 2021 group
Non-de minimis claims to be made after end of financial year
Cap on non-de minimis claims by company that is a member of a 2020 group or 2021 group
Non-de minimis claims by group company to conform with statement
R&D tax credits for SMEs: Northern Ireland companies
Pension schemes: collective money purchase benefits
PART 1 Amendments of Part 4 of FA 2004
2.(1) Section 152 (meaning of “arrangement”) is amended as follows....
3.(1) In section 165 (pension rules), subsection (1) is amended...
4.(1) In section 167 (pension death benefit rules), subsection (1)...
5.(1) Section 172C (allocation of unallocated employer contributions) is amended...
6.(1) Section 182 (unauthorised borrowing: money purchase arrangements) is amended...
7.(1) Section 183 (effect of unauthorised borrowing: money purchase arrangements)...
8.(1) Section 184 (unauthorised borrowing: other arrangements) is amended as...
9.(1) Section 212 (valuation of uncrystallised rights for purposes of...
10.(1) Section 216 (benefit crystallisation events and amounts crystallised) is...
11.(1) Section 223 (non-residence: other arrangements) is amended as follows....
12.(1) Section 226 (overseas scheme transfers: other arrangements) is amended...
13.(1) Section 227B (the alternative chargeable amount) is amended as...
14.(1) Section 227C (meaning of “money-purchase input sub-total”) is amended...
15.(1) Section 227D (pension input amounts in respect of certain...
16.(1) Section 227F (pension input periods in which rights are...
17.(1) Section 227G (when pension rights are first flexibly accessed)...
18.(1) Section 237 (hybrid arrangements) is amended as follows.
19.In section 280 (abbreviations and general index), in the table...
20.(1) Schedule 28 (authorised pensions: supplementary) is amended as follows....
21.(1) Schedule 29 (authorised lump sums - supplementary) is amended...
22.(1) Schedule 32 (benefit crystallisation events - supplementary) is amended...
23.(1) Schedule 36 (transitional provision and savings) is amended as...
24.(1) In the Registered Pension Schemes (Transfer of Sums and...
Construction industry scheme: amendments
PART 2 Chapter 3 mismatches: relevant debt relief circumstances
PART 4 Deemed dual inclusion income
10.(1) Chapter 5 (hybrid payer deduction/non-inclusion mismatches) is amended as...
11.(1) Chapter 6 (deduction/non-inclusion mismatches relating to transfers by permanent...
12.(1) Chapter 9 (hybrid entity double deduction mismatches) is amended...
13.(1) Chapter 10 (dual territory double deduction cases) is amended...
PART 8 Chapters 9 and 10: carry forward of illegitimate overseas deduction
PART 11 Exempt investors in hybrid entities
26.In section 259BC (the basic rules), after subsection (8) insert—...
27.(1) Section 259EB (hybrid payer deduction/non-inclusion mismatches and their extent)...
28.In section 259GB (hybrid payee deduction/non-inclusion mismatches and their extent),...
29.After section 259ND insert— Qualifying institutional investors etc Meaning of...
Relief from corporation tax for losses and other amounts
PART 2 Other amendments of CTA 2010
Amendments of Part 7ZA of CTA 2010
9.In section 269ZF(3) (steps for determining a company's qualifying trading...
10.In section 269ZFA (“relevant profits” for purposes of section 269ZD),...
11.(1) Section 269ZT (group allowance allocation statement: submission) is amended...
12.In section 269ZV(5) (maximum amount of group deductions allowance that...
Plastic packaging tax: reviews and appeals
Plastic packaging tax: information and evidence
Plastic packaging tax: groups of companies
Plastic packaging tax: assessment of penalties under section 80
Plastic packaging tax: amendments of other legislation
Deferring VAT payment by reason of the coronavirus emergency
1.The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605)...
Duty on certain steel products imported on or after 3 March 2021
Duty on certain steel products removed to Northern Ireland on or after 3 March 2021
Duty on certain steel products removed to Northern Ireland after IP completion day
Power to extend application of the regulations to other goods
Restriction of use of rebated diesel and biofuels
2.In section 6AA (excise duty on biodiesels), in subsection (2)—...
6.(1) Section 13 (penalties for contravention of section 12) is...
7.(1) In section 13ZB (restrictions on supply of certain heavy...
8.(1) Section 13AA (restrictions on use of rebated kerosene) is...
9.In section 13AB (penalty for contravention of section 13AA), in...
10.(1) Section 14A (rebate on biodiesel used other than as...
11.(1) Section 14B (rebate on bioblend used other than as...
12.(1) Section 14C (restrictions on use of rebated diesel and...
13.(1) Section 14D (penalties for misuse of rebated biodiesel or...
14.Omit section 14E (rebated heavy oil and bioblend: private pleasure...
15.Omit section 14F (penalties for contravention of section 14E).
17.(1) In section 20AAA (mixing of rebated oil), in subsection...
19.(1) Section 24A (penalties for misuse of marked oil) is...
22.Before Schedule 2 insert— SCHEDULE 1A Excepted machines Section 27(1)...
23.(1) Schedule 4 (subjects for regulations under section 24) is...
24.(1) In Schedule 5 (sampling), in paragraph 7, after “vehicle”...
Capital allowances for freeport tax sites
PART 1 First-year allowance for plant and machinery
2.In section 39 (first-year allowances available for certain types of...
3.After section 45N insert— Expenditure on plant and machinery for...
4.In section 46(1) (general exclusions applying to first-year qualifying expenditure),...
5.In section 52(3) (amount of first-year allowances), in the Table,...
PART 2 Structures and buildings allowances
6.Part 2A of CAA 2001 (structures and buildings allowances) is...
7.(1) Section 270AA (structures and buildings allowances) is amended as...
8.In section 270BJ (expenditure on renovation, conversion or incidental repairs),...
9.In section 270BK(3) (preparation of sites), for “and 270AB” substitute...
10.After section 270BN insert— CHAPTER 2A Freeport qualifying expenditure Meaning...
12.In section 270IA(4) (evidence of qualifying expenditure etc), after subsection...
Relief from stamp duty land tax for freeport tax sites
2.After section 61 insert— Relief for freeport tax sites (1) Schedule 6C provides for relief in the case of...
4.In section 81ZA (alternative finance arrangements: return where relief withdrawn)—...
5.In section 85(3) (liability for tax), after “arrangements)” insert “...
7.In section 87(3) (interest on unpaid tax), after paragraph (aza)...
8.After Schedule 6B insert— SCHEDULE 6C Stamp duty land tax:...
Penalties for failure to make returns etc
Penalty points: effect of change of representative member of VAT group
PART 3 Supplementary provision
Schedules 24 to 26: consequential provision
2.For section 8B(8) (withdrawal of notice to file personal or...
3.For section 12AAA(9) (withdrawal of notice to file partnership return)...
4.In section 49E (nature of review etc), after subsection (5)...
5.After section 49E insert— Nature of review: penalties under Schedule...
6.After section 49F insert— Effect of conclusions of review: penalties...
7.In section 69 (recovery of penalty or interest), in subsection...
8.In section 103ZA (disapplication of sections 100 to 103 in...
9.(1) Section 107A (relevant trustees) is amended as follows.
Social Security Contributions and Benefits (Northern Ireland) Act 1992
16.In the italic heading before section 59, omit “Default surcharge...
18.(1) Section 69 (breaches of regulatory provisions) is amended as...
21.In section 77 (assessments: time limits and supplementary assessments), in...
24.In section 83F (nature of review etc), after subsection (5)...
25.After section 83F insert— Nature of review: penalties under Schedule...
26.After section 83FA (inserted by paragraph 25) insert— Effect of...
27.In section 84 (further provisions relating to appeals), in subsection...
28.In Schedule 13 (transitional provisions and savings), omit paragraph 14....
Income Tax (Trading and Other Income) Act 2005
30.In the italic heading before section 54, for “, interest...
32.In section 272 (application of trading income rules: GAAP), in...
33.In section 272ZA (application of trading income rules: cash basis),...
34.In the italic heading before section 869, for “, interest...
35.In section 869 (penalties, interest and VAT surcharges: non trades...
Amendments of Part 5 of FA 2014
PART 1 Stop notices and information & inspection powers
1.After section 236 (of FA 2014) insert— Stop notices Power...
2.(1) Section 245 (withdrawal of monitoring notice) is amended as...
3.Omit section 262 (information required for monitoring compliance with conduct...
4.After section 272 insert— Application of Schedule 36 FA 2008...
6.In section 283 (interpretation of Part 5), in subsection (1),...
7.In Schedule 34 (threshold conditions)— (a) for the italic heading...
9.In section 235 (carrying on a business “as a promoter”),...
10.After Schedule 33 insert— SCHEDULE 33A Promotion structures Section 235...
11.In section 237 (duty to give conduct notice), after subsection...
12.In section 237A (duty to give conduct notice: defeat of...
13.In section 250 (allocation of promoter reference number), in subsection...
14.(1) Section 251 (duty of monitored promoter to notify clients...
15.(1) Section 252 (duty of those notified to notify others...
16.In section 258 (duty of person dealing with non-resident monitored...
17.(1) Section 260 (intermediaries: duty to provide information about clients)...
18.In section 283 (interpretation)— (a) in subsection (1), at the...
19.In Schedule 34 (threshold conditions) in paragraph 13B, in sub-paragraph...
PART 3 Conduct and monitoring notices: transferees
PART 4 Miscellaneous amendments
Disclosure of tax avoidance schemes
PART 1 Amendments of Part 7 of FA 2004
1.Part 7 of FA 2004 (disclosure of tax avoidance schemes)...
2.Before section 306 insert— Introduction (1) This Part makes provision about the disclosure of information...
3.In section 307(4A) (meaning of “makes a firm approach”), omit...
4.After section 310C insert— Notice of potential allocation of reference...
5.For section 311 substitute— Allocation of reference number to arrangements...
7.After section 312 insert— Duty to notify client of reference...
9.(1) Section 312B (duty of client to provide information to...
10.(1) Section 313 (duty of parties to notifiable arrangements to...
11.(1) Section 313ZA (duty to provide details of clients) is...
12.(1) Section 313ZB (enquiry following disclosure of client details) is...
14.In section 316 (information to be provided in form and...
15.In section 316A (duty to provide additional information), in subsections...
16.(1) Section 316C (publication by HMRC) is amended as follows....
17.In section 316D (section 316C: subsequent judicial rulings), in subsection...
18.In section 318(1) (interpretation of Part 7), for the definition...
PART 2 Amendments of Schedule 17 to F(No.2)A 2017
19.Schedule 17 to F(No.2)A 2017 (disclosure of tax avoidance schemes:...
20.Before Part 1 insert— PART A1 Introduction (1) This Schedule makes provision about the disclosure of information...
21.In paragraph 10(1) (meaning of “makes a firm approach”), omit...
22.After paragraph 21 insert— Notice of potential allocation of reference...
23.For paragraph 22 (and the italic heading before it) substitute—...
25.(1) Paragraph 23 (duty of promoter to notify client of...
26.After paragraph 23 insert— Duty to notify client of reference...
28.In the italic heading before paragraph 25, omit “to promoter”....
29.(1) Paragraph 25 (duty of client to provide information to...
30.For the italic heading before paragraph 26 substitute “ Duty...
31.(1) Paragraph 26 (duty of parties to notifiable arrangements to...
32.In the italic heading before paragraph 27 omit “of promoter”....
33.(1) Paragraph 27 (duty of promoter to provide details of...
34.(1) Paragraph 28 (enquiry following disclosure of client details) is...
35.In paragraph 33 (duty to provide additional information), in sub-paragraphs...
36.In paragraph 34 (information to be provided in form and...
37.(1) Paragraph 36 (publication by HMRC) is amended as follows....
38.In paragraph 37 (paragraph 36: subsequent judicial rulings), in sub-paragraph...
39.(1) Paragraph 39 (penalty for failure to comply with duties...
40.In paragraph 40 (penalties: supplementary), in sub-paragraph (2), after paragraph...
41.In paragraph 57(1) (interpretation of Schedule), for the definition of...
PART 2 Minor and consequential amendments to Part 5 of FA 2013
3.(1) Section 209 (counteracting tax advantages) is amended as follows....
4.After section 209AB insert— Adjustments under section 209: notices under...
5.(1) Section 209AC (sections 209AA and 209AB: definitions) is amended...
6.In section 210 (consequential relieving adjustments)— (a) in subsection (1)(b)...
7.In section 212A (penalty), in subsection (1)(c)(ii) for “paragraph (c)”...
8.After section 212A insert— Penalty: partnerships (1) This section applies if, in respect of a partnership—...
10.(1) Schedule 43 (general anti-abuse rule: procedural requirements) is amended...
11.(1) Schedule 43A (procedural requirements: pooling notices and notices of...
12.(1) Schedule 43B (procedural requirements: generic referral of tax arrangements)...
13.(1) Schedule 43C (penalty under section 212A: supplementary provision) is...
Licensing authorities: requirements to give or obtain tax information
Meaning of “authorisation”, “authorised activity” and “licensing authority” etc
First-time application: licensing authority required to give information about tax compliance
Renewed application: licensing authority required to obtain confirmation of tax check
HMRC required to make arrangements in connection with tax checks
Requirement to confirm completion of tax check ceases to apply if HMRC in default
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