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Changes over time for: Part 3


Timeline of Changes
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.
Version Superseded: 01/04/2010
Status:
Point in time view as at 06/04/2007.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2004, Part 3.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Part 3U.K.Amendments of the Taxes Act 1988
IntroductoryU.K.
10U.K.The Taxes Act 1988 is amended in accordance with the following provisions of this Part.
Section 496: treatment of tax-exempt tariffing receipts for income and corporation taxU.K.
11(1)Section 496 (tariff receipts) is amended as follows.U.K.
(2)In subsection (1)(a) (tariff receipts to be treated as receipts of the separate trade referred to in section 492(1)) after “tariff receipt” insert “ or tax-exempt tariffing receipt ”.
(3)In subsection (2) (activities of participator etc giving rise to tariff receipts to be treated as oil extraction activities) after “tariff receipts” insert “ or tax-exempt tariffing receipts ”.
(4)In subsection (3) (disregard of certain sums in fact received or receivable by person connected with participator)—
(a)in the opening words, after “tariff receipt” insert “ or tax-exempt tariffing receipt ”;
(b)in paragraph (b), after “tariff receipt” insert “ or tax-exempt tariffing receipt ”.
(5)In consequence of the amendments made by this paragraph, the sidenote to the section becomes “ Tariff receipts and tax-exempt tariffing receipts ”.
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