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- Original (As enacted)
Finance Act 1994 is up to date with all changes known to be in force on or before 19 August 2024. There are changes that may be brought into force at a future date.
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 affected provisions when you open the content using the Table of Contents below.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
Chapter II Appeals and Penalties
Part III Insurance Premium Tax
66A.Rate increases: deemed date of receipt of certain premiums
66C.Rate changes: premiums relating to more than one period of cover
67A. Announced increase in rate of tax: certain premiums treated as received on date of increase.
67B. Announced increase in rate of tax: certain contracts treated as made on date of increase.
67C. Announced increase in rate of tax: exceptions and apportionments.
69B.Treatment of excepted premiums where limits breached after receipt
69C.Part-exempt contracts: exemption from requirement to make returns
Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter II Interest Rate and Currency Contracts
Chapter III Management: Self-Assessment etc.
Chapter IV Changes for Facilitating Self-Assessment
Chapter V Lloyd’s Underwriters: Corporations etc.
Part VIII Miscellaneous and General
SCHEDULES
Amendments about gaming machine licence duty
Penalties for statutory contraventions
Part I Contraventions under the Management Act
1.The Management Act shall be amended in accordance with the...
3.In section 93(6) (offence of failing to comply with any...
5.In section 101(4) (offence of failing to produce licence after...
6.(1) In subsection (2) of section 107 (offence of failing...
7.In section 108(4) (offence of contravening directions in relation to...
8.(1) In subsection (1) of section 111 (using premises or...
9.In section 114(2) (offence of using prohibited substance or liquor),...
10.(1) In subsection (4) of section 115 (offence of tampering...
12.In section 118G (offences in connection with record keeping etc....
13.(1) In subsection (1) of section 170A (offence of handling...
Part II Contraventions under the Alcoholic Liquor Duties Act 1979
14.The Alcoholic Liquor Duties Act 1979 shall be amended in...
15.In section 8(2) (offence of contravening condition of remission of...
16.In section 10(2) (offence of contravening condition of remission of...
17.(1) In subsection (3) of section 13 (offence and forfeiture...
19.(1) In subsection (2) of section 16 (offence and forfeiture...
20.In section 18(6) (rectifying or compounding spirits in contravention of...
21.(1) In subsection (2) of section 19 (offence and forfeiture...
24.In section 22(9) (offence and forfeiture in the case of...
26.(1) In subsection (1) of section 33 (offence and forfeiture...
27.For subsection (2) of section 34 (offence of contravening prohibition...
29.In section 41A(8) (offence and forfeiture in the case of...
30.In section 44(2) (offence of contravening condition imposed in connection...
31.In section 46(2) (offence of contravening regulations relating to the...
32.(1) In subsection (4) of section 47 (offence of failing...
33.For subsection (3) of section 49 (offence and forfeiture in...
34.In section 54(5) (offence of producing wine on unlicensed premises),...
35.In section 55(6) (offence of producing made-wine on unlicensed premises),...
37.In section 56(2) (offence and forfeiture in the case of...
38.For subsection (2) of section 59 (offence of rendering wine...
39.In section 61(2) (offence of contravening regulations relating to the...
40.(1) In subsection (4) of section 62 (offence of producing...
41.In section 64(2) (offence of contravening regulations relating to the...
45.In section 75(5) (offence of unlicensed methylation of spirits)—
46.(1) In subsection (3) of section 77 (offence of contravening...
Part III Contraventions under the Hydrocarbon Oil Duties Act 1979
49.The Hydrocarbon Oil Duties Act 1979 shall be amended in...
50.(1) In subsection (3) of section 10 (offences in connection...
51.(1) In subsection (1) of section 13 (offences in connection...
52.(1) In subsection (4) of section 14 (offences in connection...
54.In section 20AA(4) (offence and forfeiture in the case of...
55.In section 21(3) (offence and forfeiture in the case of...
56.(1) In subsection (1) of section 22 (offence and forfeiture...
57.(1) In subsection (1) of section 23 (offence and forfeiture...
58.In section 24(4) (offence and forfeiture in the case of...
Part IV Contraventions under the Tobacco Products Duty Act 1979
Part V Contraventions under the Betting and Gaming Duties Act 1981
60.The Betting and Gaming Duties Act 1981 shall be amended...
61.In section 24(5) (offence where gaming machine provided without there...
62.(1) In paragraph 13 of Schedule 1 (enforcement), for sub-paragraphs...
64.(1) In sub-paragraph (3) of paragraph 16 of Schedule 3...
65.(1) In sub-paragraph (1) of paragraph 16 of Schedule 4...
Decisions subject to review and appeal
Air passenger duty: administration and enforcement
Extension of roll-over relief on re-investment
Indexation losses: transitional relief
Employee share ownership trusts
Distributions of authorised unit trusts
Amendments of the Taxes Act 1988
Amendments of the Taxation of Chargeable Gains Act 1992
28.The Taxation of Chargeable Gains Act 1992 shall be amended...
29.In section 150 (business expansion schemes), at the end of...
30.After that section there is inserted— Enterprise investment scheme. (1) For the purpose of determining the gain or loss...
32.(1) After that section there is inserted— Exclusion of double...
33.In section 164N(1), in the definition of “eligible shares”, for...
34.In section 231(1)(d), “(business expansion scheme)” is omitted.
Part II Amendments of Taxes Act 1988
Changes for facilitating self-assessment: transitional provisions and savings
Supplementary provisions as to elections by reference to pipe-line usage
Amendments of the principal Act relating to valuation of light gases
Provisions relating to the Railways Act 1993
Chargeable gains: receipt of compensation or insurance policies
Chargeable gains: agreements and instruments by virtue of section 91(1)(c) of the Railways Act 1993
No reduction in allowable losses on extinguishment of certain liabilities
Securities issued under section 98 or 106 of the Railways Act 1993
Continuity in relation to capital allowances etc where trade transferred
Capital allowances in certain cases where paragraph 20 does not apply
Capital allowances: actual consideration to be the disposal value in certain other cases
Northern Ireland Airports Limited
These repeals have effect in relation to licences taken out...
These repeals come into force on 1st June 1994.
Part II Gaming machine licence duty
These repeals have effect in accordance with Schedule 3 to...
Part III Excise duties: enforcement and appeals
Section 19 of this Act applies to these repeals as...
This repeal has effect in accordance with section 46 of...
Part V Income tax, corporation tax and capital gains tax
The repeals in section 347B of the Income and Corporation...
These repeals have effect in accordance with section 81(6) of...
(4)Vocational training Chapter Short title Extent of repeal 1991 c....
This repeal comes into force in accordance with section 84(4)...
(5)Beneficial loans Chapter Short title Extent of repeal 1988 c....
These repeals have effect in accordance with section 88(5) of...
(6)Vouchers Chapter Short title Extent of repeal 1988 c. 1....
These repeals have effect in accordance with section 91(2) of...
(8)Indexation allowance Chapter Short title Extent of repeal 1992 c....
These repeals have effect in accordance with section 93(11) of...
(9)Commodity and financial futures Chapter Short title Extent of repeal...
This repeal has effect in accordance with section 95(2) of...
(10) Settlements with foreign element: information Chapter Short title Extent...
These repeals have effect in accordance with section 97 of...
(11) Profit sharing schemes Chapter Short title Extent of repeal...
(13) Authorised unit trusts Chapter Short title Extent of repeal...
These repeals have effect in accordance with section 111 of...
(14) Manufactured payments Chapter Short title Extent of repeal 1988...
These repeals have effect in accordance with section 123 of...
(15) Controlled Foreign Companies Chapter Short title Extent of repeal...
These repeals have effect in accordance with section 134(5) of...
(16) Repeals connected with foreign income dividends Chapter Short title...
These repeals have effect in relation to shares issued on...
(18) Deduction from income Chapter Short title Extent of repeal...
This repeal has effect in accordance with section 140 of...
(19) Qualifying lenders Chapter Short title Extent of repeal 1988...
These repeals have effect in accordance with section 143 of...
(21) Business donations Chapter Short title Extent of repeal 1990...
The repeals in sections 43 and 271 of, and Schedule...
(23) Management: self-assessment etc. Chapter Short title Extent of repeal...
(24) Changes for facilitating self-assessment Chapter Short title Extent of...
4.The following repeals, namely— (a) the repeals in sections 113,...
(25) Lloyd’s underwriters Chapter Short title Extent of repeal 1988...
1.The repeals in the Income and Corporation Taxes Act 1988...
6.The other repeals have effect in accordance with section 228(3)...
These repeals have effect in accordance with section 241(6) of...
This repeal has effect in accordance with section 245(8) of...
These repeals have effect in accordance with section 251 of...
This repeal shall be deemed to have come into force...
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