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SCHEDULES
Extension of foster-care relief
1.Chapter 2 of Part 7 of ITTOIA 2005 (foster-care relief)...
3.(1) Section 804 (person who qualifies for relief) is amended...
4.After section 804 insert— Shared lives care: further condition for...
5.(1) In section 805(1) (meaning of “foster-care receipts”)—
6.After section 805 insert— Meaning of providing qualifying care For the purposes of this Chapter qualifying care is provided...
7.After section 806 insert— Meaning of providing shared lives care...
8.(1) In section 807 (calculation of “total foster-care receipts”), for...
9.In section 808(1)(b) (the individual's limit), before “child” insert “...
10.For section 809 substitute— Share of fixed amount: residence used...
11.In section 810(1) (share of fixed income: income period not...
13.For section 812 substitute— Full qualifying care relief: introduction Sections 813 and 814 (which give the full form of...
14.(1) In section 813(1) (full foster-care relief: trading income), for...
15.(1) In section 814(1) (full foster-care relief: income chargeable under...
16.In section 815(a) and (b) (alternative calculation of profits: introduction),...
17.In section 816(1) and (2)(a) (alternative calculation of profits: trading...
18.In section 817(1) and (2)(a) (alternative calculation of profits: income...
19.In section 818(1)(a) and (b) (election for alternative method of...
20.In section 819(1)(b) (adjustment of assessment), for “foster care” substitute...
21.In section 820(a) and (b) (periods of account not ending...
22.(1) Section 821 (meaning of “relevant limit”) is amended as...
23.In section 822(1) (full relief), for “foster-care” substitute “ qualifying...
24.In section 823(1)(a) and (2)(a) (alternative method of calculating profits),...
25.In section 824(1)(a) and (2)(b) (capital allowances: introduction), for “foster-care”...
26.In section 825(2) and (4)(a) (carried forward unrelieved qualifying expenditure),...
27.In section 826(b) (excluded capital expenditure), for “foster care” substitute...
28.In section 827(a) (excluded capital expenditure: subsequent treatment of asset),...
4.(1) Section 530 (condition as to distribution of profits) is...
5.In section 549 (distributions: supplementary), after subsection (2) insert—
6.In section 550 (attribution of distributions), in subsection (2)(a), for...
7.In section 553 (meaning of “holder of excessive rights”), in...
8.After section 554 (regulations: distributions to holders of excessive rights)...
9.(1) Section 564 (breach of condition as to distribution of...
10.After section 599 (calculation of profits) insert— Amount of distribution...
11.In section 605 (property rental business: exclusion of business producing...
Financing costs and income of group companies
Amendments of Chapter 2 (application of Part)
4.In section 263 (net debt of a company), for subsections...
5.(1) Section 264 (worldwide gross debt) is amended as follows....
6.(1) Section 265 (references to amounts disclosed in balance sheet)...
7.After section 265 insert— Different accounting treatment used at company...
8.In section 266(3) (qualifying financial services groups), in the definition...
9.In section 270 (relevant dealing in financial instruments), for subsection...
10.(1) Section 271 (UK trading income of the worldwide group)...
11.In section 273 (foreign currency accounting), in subsections (1), (2)...
12.After section 273 insert— Meaning of “group securitisation company” For the purposes of this Chapter, a company is a...
Amendments of Chapter 3 (disallowance of deductions)
13.After section 275 (meaning of “company to which this Chapter...
14.After section 280 (statement of allocated disallowances: requirements), insert— Statement...
15.(1) Section 284 (failure of reporting body to submit statement...
16.After section 284 insert— Section 284: supplementary (1) This section contains provision for determining the total of...
Amendments of Chapter 5 (intra-group financing income where payer denied deduction)
Amendments of Chapter 7 (“financing expense amount” and “financing income amount”)
19.(1) Section 314 (financing income amounts of a company) is...
20.In section 315 (interpretation of sections 313 and 314), omit...
21.(1) Section 316 (group treasury companies) is amended as follows....
22.After section 318 (companies engaged in oil extraction activities) insert—...
23.In section 321 (short-term loan relationships)— (a) in subsection (4),...
24.(1) Section 327 (educational and public bodies) is amended as...
Amendment of Chapter 8 (the “tested expense amount” and “tested income amount”)
Amendments of Chapter 10 (other interpretative provisions)
29.In the heading of Chapter 10, for “provisions” substitute “...
30.In section 339 (meaning of “ultimate parent”), for subsection (1)(b)...
31.(1) Section 345 (meaning of “UK group company” and “relevant...
32.In section 351 (expressions taking their meaning from international accounting...
33.After section 353 (other expressions) insert— Effect of Part on...
Election to defer the application of some of the amendments made by this Schedule
Consortium claims for group relief
Ability to claim group relief where link company established in the EEA
2.In section 129 (overview of Chapter), in subsection (2), for...
3.In section 130(2) (group relief claims on amounts surrenderable under...
4.(1) Section 133 (conditions to be met for consortium claims...
5.After section 134 (meaning of “UK related” company) insert— Companies...
6.(1) Section 146 (maximum amount of group relief in consortium...
Limitations on group relief based on proportion of voting power held by company
Limitations on group relief where arrangements preventing control are in place
First-year allowances for zero-emission goods vehicles
2.In section 39 (first-year allowances available for certain types of...
3.After section 45D insert— Expenditure on zero-emission goods vehicles (1) Expenditure is first-year qualifying expenditure if—
4.In section 46 (general exclusions applying to first-year qualifying expenditure),...
5.(1) Section 52 (first-year allowances) is amended as follows.
6.After section 212S insert— CHAPTER 16B Cap on first-year allowances:...
16.Schedule 53 (late payment interest) is amended as follows.
17.After paragraph 11 insert— Instalments of petroleum revenue tax The late payment interest start date in respect of an...
18.After paragraph 14 insert— Instalments of petroleum revenue tax (1) An instalment of petroleum revenue tax payable under paragraph...
19.In Schedule 54 (repayment interest), after paragraph 12 insert— Petroleum...
Penalty for failure to make returns etc
2.(1) Paragraph 1 (penalty for failure) is amended as follows....
3.For paragraph 2 (amount of penalty for occasional or annual...
4.(1) Paragraph 6 (amount of penalty for occasional returns and...
5.(1) Paragraph 11 (amount of penalty for certain CIS returns...
6.(1) Paragraph 12 (amount of penalty for other CIS returns...
7.After paragraph 13 insert— Amount of penalty: returns for periods...
8.In paragraph 14(1) (reductions for disclosure), for “or 11(3) or...
9.In paragraph 15(5) (reductions for disclosure not below certain amounts)—...
10.In paragraph 18 (assessment), after sub-paragraph (4) insert—
11.For paragraph 23(1) (no liability where there is reasonable excuse...
Penalty for failure to make payments on time
2.(1) Paragraph 1 (penalty for failure) is amended as follows....
3.In paragraph 2 (assessments and determinations in default of return),...
4.After paragraph 2 insert— Different penalty date for certain PAYE...
5.(1) Paragraph 3 (amount of penalty for occasional amounts and...
6.For paragraph 6 substitute— (1) P is liable to a penalty, in relation to...
7.After paragraph 8 insert— Amount of penalty: amounts in respect...
8.After paragraph 8J insert— Calculation of unpaid VAT: treatment of...
10.For paragraph 16(1) (no liability where there is reasonable excuse...
Claims for recovery of overpaid tax etc
6.Schedule 2 to OTA 1975 (management and collection of petroleum...
7.In the Table in paragraph 1(1) (applying provisions of TMA...
8.In paragraph 10(1A) (time limit for assessments and determinations) for...
9.In paragraph 12(1B) (disapplication of time limits for further assessments...
10.After paragraph 13 insert— Claim for relief for overpaid tax...
Excise duties: compliance checks
Part 3 Information and inspection powers
11.After that section insert— Section 112: supplementary powers (1) The power in section 112(1) includes power to inspect...
12.After section 118B insert— Further duty to provide information and...
13.In section 118C (entry and search of premises and persons),...
14.In section 118D (order for access to recorded information), in...
15.(1) Section 118G (offences under Part 9) is amended as...
16.(1) Section 161A (power to search premises: search warrant) is...
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