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Part 1 Income tax, corporation tax and capital gains tax
Other reliefs relating to businesses
11.Treatment of profits from patents etc: small profits rate of corporation tax
12.Energy (oil and gas) profits levy: de-carbonisation allowance
13.Museums and galleries exhibition tax relief: extension of sunset date
14.Extension of the temporary increase in theatre tax credit etc
15.Seed enterprise investment scheme: increase of limits etc.
Chapter 3 Small producer relief
Chapter 4 Other reliefs and exemptions
Chapter 5 Regulated activities and approvals
Chapter 9 repeals, further amendments and transitional provisions
Part 3 Multinational top-up tax
Chapter 2 Qualifying multinational groups and their members
Chapter 3 Effective tax rate of members of a multinational group in a territory
Chapter 4 Calculation of adjusted profits of members of a multinational group
Adjustments of underlying profits
139.Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions
140.Profits adjusted to be profits before certain purchase accounting adjustments
144.Adjustments for asymmetric foreign currency income and losses
145.Exclusion of expenses for illegal payments, fines and penalties
146.Adjustment for changes in accounting policies and prior period errors
148B.Value of marketable transferable tax credits: originator
148C.Value of marketable transferable tax credits: purchaser
150.Transactions between members of a multinational group: differences with accounting for tax
154.Exclusion of qualifying intra-group financing arrangement expenses
Dealing with transparency and entities subject to qualifying dividend regime
Dealing with deferred tax assets etc
183.Qualifying foreign tax credits (substitute loss carry forward assets)
183A.Alternative to section 183 where carry forward of credits not permitted
185.Inclusion of existing deferred tax assets and liabilities on entry into regime
187.Election for losses to be treated as special loss deferred tax assets
Chapter 9 Special provision for investment entities, joint venture groups and minority-owned members
Part 5 Electricity generator levy
Attribution and surrender of amounts: joint ventures and significant minority shareholders
Treatment of company as transparent as alternative to attribution and surrender
Schedules
Relief for research and development
Part 2 R&D expenditure on data and cloud computing
4.Relief for R&D expenditure on data and cloud computing: consequential amendments
5.In Chapter 6A of Part 3 (trade profits: R&D expenditure...
7.In Schedule 2 (transitionals and savings), in Part 15 (research...
8.In Schedule 4 (index of defined expressions), in both places...
9.In section 357BLB of CTA 2010 (qualifying expenditure on relevant...
Estates in administration and trusts
Part 1 Estates in administration
1.The applicable rate for grossing up basic amounts of estate income
2.The applicable rate for grossing up for determining shares in an estate in the final tax year
3.Income from stock dividends etc treated as bearing income tax at 0%
5.Order in which basic amounts are treated as paid from aggregate income
6.The applicable rate for grossing up basic amounts of estate income
7.The applicable rate for grossing up for determining shares in an estate in the final tax year
8.Income from stock dividends etc treated as bearing income tax at 0%
9.Order in which basic amounts are treated as paid from aggregate income
Part 3 Rate of tax charged on trustees’ first slice of trust rate income: income tax
Corporate interest restriction etc.
Part 1 Amendments to TIOPA 2010
5.Amounts not brought into account in determining a company’s tax-EBITDA
7.In section 412 (interpretation of section 411), in subsection (7),...
8.Adjusted net group-interest expense: debits referable to times before UK property business etc carried on
9.Adjusted net group-interest expense: debits in respect of pre-trading expenditure
10.Qualifying net group-interest expense: meaning of “equity notes”
11.In section 415 (qualifying net group-interest expense: interpretation), for subsection...
12.Capitalised interest brought into account for tax purposes in accordance with GAAP
13.Interest allowance (non-consolidated investment) election: “non-consolidated associate”
15.(1) Section 436 (meaning of “qualifying infrastructure activity”) is amended...
16.After section 438 insert— Application of section 438: certain creditors...
19.Determining the worldwide group: “non-consolidated subsidiary” and “consolidated subsidiary”
20.Appointment of a reporting company by Revenue and Customs
22.(1) Paragraph 29 of Schedule 7A (penalty for failure to...
Part 3 Parts 1 and 2: commencement and transitional provision
30.Except as provided in paragraphs 31 to 35, the amendments...
31.The amendments made by paragraph 5(1) and (3) have effect...
32.(1) The amendments made by paragraph 8 have effect for...
33.The amendments made by paragraph 9 have effect for periods...
35.The amendment made by paragraph 20 has effect in relation...
36.References in this Part of this Schedule to periods of...
Penalties for contraventions of alcohol wholesaling provisions
2.Power to alter alcoholic products, and capacity of containers, to which this Schedule applies
6.Offence of using premises for sale of alcoholic products in or from unstamped containers
7.Alcohol sales ban following conviction for an offence under paragraph 6
9.Penalty for affixing wrong, altered or forged stamps, or over-labelling
Alcohol duty: minor and consequential amendments
4.(1) Section 114 (power to prohibit use of certain substances...
5.In section 163A (power to search articles), in subsection (2),...
9.In section 12 (assessments to excise duty), in subsection (2)(ca),...
10.In section 12A (other assessments relating to excise duty matters),...
11.(1) Section 12B (section 12A: supplementary provisions) is amended as...
12.In section 16 (appeals to a tribunal), in subsection (3A),...
13.In section 16A (temporary approvals etc. pending review or appeal),...
22.(1) Section 1(1) (interpretation:defined terms) is amended as follows.
24.In section 113 (power to search for concealed pipes etc),...
25.In section 136 (offences in connection with claims for drawback...
27.In section 178 (citation) in subsection (2), omit “the Alcoholic...
32.(1) In Schedule 55 (penalty for failure to make returns...
33.(1) In Schedule 56 (penalty for failure to make payments...
Administration of multinational top-up tax
Part 7 Determinations where self-assessment return not submitted
Dumping, subsidisation and safeguarding remedies
Freeports and investment zones: consequential amendments
2.In section 61A— (a) in subsection (1), for “freeport tax...
3.In section 81— (a) in subsection (1A)(aa), for “freeport tax sites”...
4.In section 81ZA— (a) in subsection (1), for “freeport tax...
5.In section 85(3), for “freeport tax sites” substitute “special tax...
6.In section 86(2)(zb) and (2A), for “freeport tax sites” substitute...
7.In section 87(3)(azaa) and (azab), for “freeport tax sites” substitute...
10.In section 3— (a) in subsection (2ZZA), for “freeport tax...
11.In the following provisions of Part 2 (plant and machinery...
12.In section 45Q— (a) in subsection (1)(b), for “the “non-freeport...
13.In the following provisions of Part 2A (structures and building...
15.For section 573A substitute— Special tax sites In this Act “special tax site” means an area for...
19.In the heading for section 113 (designation of freeport tax...
21.In the italic heading before section 1, for “Freeports” substitute...
25.In section 5, in the heading, for “freeport tax sites”...
27.In section 13(2)— (a) omit the definition of “freeport tax...