Finance Act 1994
Finance Act 1994 (1994 c. 9)
- Finance Act 1994 (1994 c. 9)
- Part I Customs and Excise
- Chapter I General
- Rates of duty
- 1 Wine, made-wine and cider.
- 2 Tobacco products.
- 3 Hydrocarbon oil.
- 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Other provisions
- 5 Vehicles excise duty: miscellaneous provisions.
- 6 Gaming machine licence duty.
- Chapter II Appeals and Penalties
- The meaning of tribunal
- 7 Meaning of tribunal
- Civil penalties
- 8 Penalty for evasion of excise duty.
- 9 Penalties for contraventions of statutory requirements.
- 10 Exceptions to liability under section 9.
- 10A Breaches of controlled goods agreements
- 11 Breaches of walking possession agreements.
- Assessments to excise duty or to penalties
- 12 Assessments to excise duty.
- 12A Other assessments relating to excise duty matters.
- 12B Section 12A: supplementary provisions.
- 13 Assessments to penalties.
- Customs and excise reviews and appeals
- 13A Meaning of “relevant decision”
- 14 Requirement for review of decision under section 152(b) of the Management Act etc
- 14A Review out of time
- 15 Review procedure.
- 15A Offer of review of relevant decision
- 15B Right to require review
- 15C Review by HMRC
- 15D Extensions of time
- 15E Review out of time
- 15F Nature of review etc
- 16 Appeals to a tribunal.
- 16A Temporary approvals etc pending review or appeal: eligibility
- 16B Temporary approvals etc pending review or appeal: process
- 16C Temporary approvals etc pending review or appeal: modifications
- Supplemental provisions
- 17 Interpretation.
- 18 Consequential modifications of enactments.
- 19 Commencement of Chapter.
- Chapter III Customs: Enforcement Powers
- 20 Interpretation, etc.
- 21 Requirements about keeping records.
- 22 Records and rules of evidence.
- 23 Furnishing of information and production of documents.
- 24 Power of entry.
- 25 Order for production of documents.
- 26 Procedure when documents are removed.
- 27 Failure of officer to comply with requirements under section 26.
- Chapter IV Air Passenger Duty
- The duty
- 28 Air passenger duty.
- 29 Chargeable aircraft.
- 29A Chargeable aircraft: exceptions
- 30 The rate of duty.
- 30A Northern Ireland long haul and ultra-long haul rates of duty
- 31 Passengers: exceptions.
- 32 Change of circumstances after ticket issued etc.
- Persons liable for the duty
- 33 Registration of aircraft operators.
- 33A Registration of Northern Ireland long haul aircraft operators
- 34 Fiscal representatives.
- 34A Administrative representatives.
- 35 Fiscal representatives: supplementary.
- 36 Security for payment of duty.
- 37 Handling agents.
- 38 Accounting for and payment of duty.
- 39 Schemes for simplified operation of Chapter
- Administration and enforcement
- 40 Administration and enforcement.
- 41 Offences.
- 41A Northern Ireland long haul rates of duty: disclosure of information
- Supplementary
- 42 Regulations and orders.
- 43 Interpretation.
- 44 Commencement.
- Part II Value Added Tax
- 46 Repayment supplement.
- Part III Insurance Premium Tax
- The basic provisions
- 48 Insurance premium tax.
- 49 Charge to tax.
- 50 Chargeable amount.
- 51 Rate of tax.
- 51A Premiums liable to tax at the higher rate.
- 52 Liability to pay tax.
- 52A Certain fees to be treated as premiums under higher rate contracts.
- Administration
- 53 Registration of insurers.
- 53AA Registration of taxable intermediaries.
- 53A Information required to keep register up to date.
- 54 Accounting for tax and time for payment.
- 55 Credit.
- 56 Power to assess.
- Tax representatives
- 57 Tax representatives.
- 58 Rights and duties of tax representatives.
- Review and appeal
- 59 Appeals
- 59A Offer of review
- 59B Right to require review
- 59C Review by HMRC
- 59D Extensions of time
- 59E Review out of time
- 59F Nature of review etc
- 59G Bringing of appeals
- 60 Further provisions relating to appeals
- 61 Review and appeal: commencement.
- Miscellaneous
- 62 Partnership, bankruptcy, transfer of business, etc.
- 63 Groups of companies.
- 64 Information, powers, penalties, etc.
- 65 Liability of insured in certain cases.
- 66 Directions as to amounts of premiums.
- 66A Rate increases: deemed date of receipt of certain premiums
- 66B Section 66A: exceptions and apportionments
- 66C Rate changes: premiums relating to more than one period of cover
- 67 Deemed date of receipt of certain premiums.
- 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.
- 68 Special accounting schemes.
- 69 Charge to tax where different rates of tax apply.
- 69A Part-exempt contracts: excepted premiums
- 69B Treatment of excepted premiums where limits breached after receipt
- 69C Part-exempt contracts: exemption from requirement to make returns
- 69D Withdrawal of exemption
- Supplementary
- 70 Interpretation: taxable insurance contracts.
- 71 Taxable insurance contracts: power to change definition.
- 72 Interpretation: premium.
- 73 Interpretation: other provisions.
- 74 Orders and regulations.
- Part IV Income Tax, Corporation Tax and Capital Gains Tax
- Chapter I General
- Income tax: charge, rates and reliefs
- 75 Charge and rates of income tax for 1994-95.
- 76 Personal allowance.
- 77 Rate of relief to married couples etc.
- 78 Amount by reference to which MCA is reduced.
- 79 Relief for maintenance payments.
- 80 Limit on relief for interest.
- 81 Mortgage interest relief etc.
- 82 Relief for blind persons.
- 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 84 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Corporation tax charge and rate
- 85 Charge and rate of corporation tax for 1994.
- 86 Small companies.
- Benefits in kind
- 87 Car fuel.
- 88 Beneficial loan arrangements.
- 89 Vouchers and credit-tokens.
- Chargeable gains
- 90 Annual exempt amount for 1994-95.
- 91 Relief on re-investment.
- 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 93 Indexation losses.
- 94 Set-off of pre-entry losses.
- 95 Commodity and financial futures.
- 96 Cash-settled options.
- 97 Settlements with foreign element: information.
- Profit-related pay
- 98 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Profit sharing schemes
- 100 Relevant age for purpose of appropriate percentage.
- 101 Acceptance of qualifying corporate bonds for shares.
- Employee share ownership trusts
- 102 Employee share ownership trusts.
- Retirement benefits schemes
- 103 The administrator.
- 104 Default of administrator etc.
- 105 Information.
- 106 False statements etc.
- 107 Discretionary approval.
- 108 Taxation of benefits of non-approved schemes.
- Annuities
- 109 Annuities derived from personal pension schemes.
- 110 Annuities derived from retirement benefits schemes.
- Authorised unit trusts
- 111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 112 Distributions of authorised unit trusts.
- 113 Umbrella schemes.
- Exchange gains and losses
- 114 Assets and liabilities.
- 115 Currency contracts: net payments.
- 116 Currency contracts: matching.
- Capital allowances
- 117 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 118 Expenditure on machinery or plant: notification.
- 119 Transactions between connected persons.
- 120 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 121 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Securities
- 122 Sale and repurchase of securities: deemed manufactured payments.
- 123 Manufactured payments.
- 124 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- PAYE
- 125 Payment by intermediary.
- 126 Employees working for persons other than their employers, etc.
- 127 Tradeable assets.
- 128 Non-cash vouchers.
- 129 Credit-tokens.
- 130 Cash vouchers.
- 131 Supplementary.
- 132 Payments etc. received free of tax.
- 133 PAYE regulations: past cases.
- Miscellaneous provisions about companies
- 134 Controlled foreign companies.
- 135 Prevention of avoidance of corporation tax.
- 136 Parts of trades: computations in different currencies.
- Miscellaneous
- 137 Enterprise investment scheme.
- 138 Foreign income dividends.
- 139 Taxation of incapacity benefit.
- 140 Restriction on deduction from income.
- 141 Expenditure involving crime.
- 142 Mortgage interest payable under deduction of tax: qualifying lenders.
- 143 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 144 Debts released in voluntary arrangement: relief from tax.
- 145 Relief for business donations.
- 146 Minor corrections.
- Chapter II Interest Rate and Currency Contracts
- Qualifying contracts
- 147 Qualifying contracts.
- 147A Debt contracts and options to be qualifying contracts.
- 148 Contracts which may become qualifying contracts.
- Interest rate and currency contracts and options
- 149 Interest rate contracts and options.
- 150 Currency contracts and options.
- 150A Debt contracts and options.
- 151 Provisions which may be included.
- 152 Provisions which may be disregarded.
- Other basic definitions
- 153 Qualifying payments.
- 154 Qualifying companies.
- Accrual of profits and losses
- 155 Accrual of profits and losses.
- 156 Basis of accounting: general.
- 157 Basis of accounting for linked currency options.
- 158 Adjustments for changes in basis of accounting.
- Treatment of profits and losses
- 159 Trading profits and losses.
- 160 Non-trading profits and losses.
- Special cases
- 161 Termination etc. of qualifying contracts.
- 162 Exchange gains and losses on currency contracts.
- 163 Irrecoverable payments.
- 164 Released payments.
- Anti-avoidance and related provisions
- 165 Transfers of value by qualifying companies.
- 166 Transfers of value to associated companies.
- 167 Transactions not at arm’s length.
- 168 Qualifying contracts with non-residents.
- 168A Qualifying contracts for unallowable purposes
- Miscellaneous
- 169 Insurance and mutual trading companies.
- 170 Investment trusts.
- 171 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 172 Partnerships involving qualifying companies.
- Supplemental
- 173 Prevention of double charging etc.
- 174 Prevention of deduction of tax.
- 175 Transitional provisions.
- 176 Minor and consequential amendments.
- 177 Interpretation of Chapter II.
- Chapter III Management: Self-Assessment etc.
- Income tax and capital gains tax
- 178 Personal and trustee’s returns.
- 179 Returns to include self-assessment.
- 180 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Corporation tax
- 181 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 182 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 183 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Partnerships
- 184 Partnership return.
- 185 Partnership return to include partnership statement.
- 186 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Enquiries: procedure
- 187 Power to call for documents.
- 188 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 189 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Determinations and assessments to protect revenue
- 190 Determination of tax where no return delivered.
- 191 Assessment where loss of tax discovered.
- Payment of tax
- 192 Payments on account of income tax.
- 193 Payment of income tax and capital gains tax.
- 194 Surcharges on unpaid income tax and capital gains tax.
- 195 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Miscellaneous and supplemental
- 196 Management: other amendments.
- 197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 198 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 199 Interpretation and commencement of Chapter III.
- Chapter IV Changes for Facilitating Self-Assessment
- Assessment under Cases I and II of Schedule D
- 200 Assessment on current year basis.
- 201 Basis of assessment at commencement.
- 202 Change of basis period.
- 203 Conditions for such a change.
- 204 Basis of assessment on discontinuance.
- 205 Overlap profits and overlap losses.
- Assessment under Cases III to VI of Schedule D
- 206 Basis of assessment under Case III.
- 207 Basis of assessment under Cases IV and V.
- 208 Basis of assessment under Case VI.
- Loss relief
- 209 Loss relief: general.
- 210 Relief for losses on unquoted shares.
- Capital allowances
- 211 Income tax allowances and charges in taxing a trade etc.
- 212 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 213 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 214 Amendments of other enactments.
- Miscellaneous and supplemental
- 215 Treatment of partnerships.
- 216 Effect of change in ownership of trade, profession or vocation.
- 217 Double taxation relief in respect of overlap profits.
- 218 Commencement, transitional provisions and savings.
- Chapter V Lloyd’s Underwriters: Corporations etc.
- Main provisions
- 219 Taxation of profits.
- 220 Accounting period in which certain profits or losses arise.
- 221 Assessment and collection of tax.
- Trust funds
- 222 Premium trust funds.
- 223 Ancillary trust funds.
- Other special cases
- 224 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 225 Stop-loss and quota share insurance.
- Miscellaneous
- 226 Provisions which are not to apply.
- 227 Cessation: final underwriting year.
- 227A Restriction of group relief
- 227B Transfer of underwriting business without change of ownership
- 227C Exemption for profits or losses of foreign permanent establishments
- 228 Lloyd’s underwriters: individuals.
- Supplemental
- 229 Regulations.
- 230 Interpretation and commencement.
- Part V Oil Taxation
- Chapter I Election by Reference to Pipe-Line Usage
- 231 Election by reference to pipe-line with excess capacity.
- 232 Restriction on electing participator’s allowable expenditure on elected assets.
- 233 Tax relief for certain receipts of an electing participator.
- 234 Interpretation of Chapter and supplementary provisions.
- Chapter II Miscellaneous
- 235 Valuation of oil.
- 236 Valuation of certain light gases.
- 237 Abortive exploration expenditure.
- 238 Disposals of assets producing tariff receipts.
- Part VI Stamp duty
- 239 Execution of deeds.
- 240 Time for presenting agreement for lease.
- 240A Requirements before lease treated as duly stamped.
- 241 Exchange, partition, etc.
- 242 Where consideration not ascertainable from conveyance or lease.
- 243 Agreements to surrender leases.
- 244 Production of documents on transfer of land in Northern Ireland.
- 245 Production of documents: supplementary.
- Part VII Inheritance Tax
- 246 Rate bands: no indexation in 1994.
- 247 Business and agricultural relief.
- 248 Corporate Lloyd’s underwriters.
- Part VIII Miscellaneous and General
- Companies treated as non-resident
- 249 Certain companies treated as non-resident.
- 250 Companies treated as non-resident: supplementary.
- 251 Companies treated as non-resident: repeals.
- Privatisations
- 252 Railways.
- 253 Northern Ireland Airports Limited.
- Management
- 254 Practice and procedure in connection with appeals.
- 255 Calling for documents of taxpayers and others.
- Assigned matters
- 256 Minor corrections.
- General
- 257 Interpretation and construction.
- 258 Repeals.
- 259 Short title.
- SCHEDULES
- SCHEDULE 1 Table of rates of duty on wine and made-wine
- SCHEDULE 2 Vehicles excise duty: miscellaneous provisions
- SCHEDULE 3 Amendments about gaming machine licence duty
- Licences for periods beginning on or after 1st May 1994
- Special licences
- Seasonal licences
- Amendment and surrender of licences
- SCHEDULE 4 Penalties for statutory contraventions
- Part I Contraventions under the Management Act
- Part II Contraventions under the Alcoholic Liquor Duties Act 1979
- Part III Contraventions under the Hydrocarbon Oil Duties Act 1979
- Part IV Contraventions under the Tobacco Products Duty Act 1979
- Part V Contraventions under the Betting and Gaming Duties Act 1981
- Part VI Contraventions relating to lottery duty
- SCHEDULE 5 Decisions subject to review and appeal
- Taxation (Cross-border Trade) Act 2018
- The Management Act
- Part 2 of the Finance (No. 2) Act 2023 (alcohol duty)
- The Hydrocarbon Oil Duties Act 1979
- The Tobacco Products Duty Act 1979
- Part 4 of FA 2026 (vaping products duty)
- The Betting and Gaming Duties Act 1981
- The Finance Act 1993
- Chapter III of Part I of this Act
- Chapter IV of Part I of this Act
- ...
- The Finance Act 2001
- The Finance (No. 2) Act 2017
- Interpretation of Schedule
- SCHEDULE 5A Air passenger duty: territories etc
- Part 1 Part 1 territories
- Part 1A Part 1A territories
- Part 2 Part 2 territories
- Part 3 Part 3 territories
- SCHEDULE 6 Air passenger duty: administration and enforcement
- Application of excise enactments
- Information
- Application of Chapter II
- Interest payable to Commissioners
- Interest payable by the Commissioners
- Interest: specified rate
- Assessment of interest
- Evidence by certificate
- Preferential debt
- SCHEDULE 6A Premiums liable to tax at the higher rate
- Part I Interpretation
- Part II Descriptions of premium
- Insurance relating to motor cars or motor cycles
- Insurance relating to domestic appliances etc.
- Insurance provided by divided company
- Travel insurance
- Insurance relating to motor cars, motor cycles, domestic appliances, etc provided at a discount
- SCHEDULE 7 Insurance premium tax
- Part I Information
- Records
- Other provisions
- Part II Powers
- Entry, arrest, etc.
- Order for access to recorded information etc.
- Removal of documents etc.
- Part III Recovery
- Recovery of tax etc.
- Recovery of overpaid tax
- Part IV Penalties
- Criminal offences
- Criminal penalties
- Criminal proceedings etc.
- Civil penalties
- Part V Interest
- Interest on tax etc.
- Interest payable by Commissioners
- Part VI Miscellaneous
- Security for tax
- Assessments to penalties etc.
- Assessments: time limits
- Supplementary assessments
- Disclosure of information
- Evidence by certificate
- Service of notices etc.
- No deduction of penalties or interest
- Destination of receipts
- Provisional collection of tax
- Adjustment of contracts
- SCHEDULE 7A INSURANCE PREMIUM TAX: CONTRACTS THAT ARE NOT TAXABLE
- PART I DESCRIPTIONS OF CONTRACT
- Contracts of reinsurance
- Contracts constituting long term business
- Contracts relating to motor vehicles let on relevant benefit terms
- Contracts relating to commercial ships
- Contracts relating to lifeboats and lifeboat equipment
- Contracts relating to commercial aircraft
- Contracts relating to spacecraft
- Contracts relating to risks outside the United Kingdom
- Contracts relating to foreign or international railway rolling stock
- Contracts relating to the Channel tunnel
- Contracts relating to goods in foreign or international transit
- Contracts relating to credit
- Contracts relating to exchange losses
- Contracts relating to the provision of financial facilities
- PART II INTERPRETATION
- SCHEDULE 8 Supplemental provisions relating to personal reliefs
- The Taxes Act 1988
- The Taxes Management Act 1970 (c. 9)
- SCHEDULE 9 Mortgage interest relief etc.
- The Taxes Act 1988
- The Finance Act 1993 (c. 34)
- SCHEDULE 10 Medical insurance
- Introductory
- Reduction of relief
- Surviving spouse
- Small benefits and abolition of certification
- SCHEDULE 11 Extension of roll-over relief on re-investment
- Disposals on which relief available
- Acquisitions on which relief available
- Retirement relief
- Clawback
- Anti-avoidance
- Miscellaneous
- SCHEDULE 12 Indexation losses: transitional relief
- Introductory
- Capital gains tax
- Income tax
- Supplementary
- SCHEDULE 13 Employee share ownership trusts
- Introduction
- Trustees
- Securities
- Interpretation
- SCHEDULE 14 Distributions of authorised unit trusts
- The new sections
- Other amendments
- Commencement
- SCHEDULE 15 Enterprise investment scheme
- Amendments of the Taxes Act 1988
- Amendments of the Taxation of Chargeable Gains Act 1992
- SCHEDULE 16 Foreign income dividends
- Part I The new Chapter
- Part II Liability for and collection of advance corporation tax
- Part III Insurance companies etc.
- Part IV Other provisions
- Penalties
- Small companies’ relief
- Expenses of management
- Group income
- Mutual business etc.
- Discretionary trusts
- Personal representatives
- Purchase and sale of securities
- Manufactured dividends
- Interest on tax overpaid
- SCHEDULE 17 Minor corrections
- Application of insurance companies provisions relating to loan relationships
- Life assurance business: Case I of Schedule D
- Non-life mutual business
- Interpretation
- SCHEDULE 19 Management: other amendments
- Part I Amendments of Management Act
- Notice of liability to income tax and capital gains tax
- European Economic Interest Groupings
- Records for purposes of returns
- Recovery of overpayment of tax etc.
- Assessing procedure
- Amendment of partnership statement where loss of tax discovered
- Right of appeal
- Error or mistake
- Time limits for assessments
- Claims etc.
- Determination of Commissioners
- Procedure on appeal
- Postponement of tax pending appeal
- Collection and recovery
- Interest on overdue tax or tax recovered
- Penalties
- Interpretation
- Claims etc. not included in returns
- Part II Amendments of Taxes Act 1988
- Time limits for claims under section 96
- Interest on Schedule E tax
- Time limits for claims under sections 534 and 537A
- Repayment supplements: income tax
- Interest on tax overpaid
- Time limits for elections under Schedule 5
- Part III Amendments of other enactments
- Setting of rates of interest
- Class 4 contributions
- Repayment supplements: capital gains tax
- SCHEDULE 20 Changes for facilitating self-assessment: transitional provisions and savings
- Assessment under Cases I and II of Schedule D
- Assessment under Case III of Schedule D
- Assessment under Cases IV and V of Schedule D
- Loss relief
- Capital allowances
- Double taxation relief
- Supplemental
- SCHEDULE 21 Lloyd’s underwriters: individuals
- Year of assessment in which profits or losses arise
- Premiums trust funds
- Reinsurance to close
- Stop-loss and quota share insurance
- Cessation etc.
- Regulations
- Interpretation
- Assessment and collection of tax
- Special reserve funds
- SCHEDULE 22 Supplementary provisions as to elections by reference to pipe-line usage
- Part I Procedure for and in connection with an election
- The election
- Conditions for acceptance of an election
- Notice of acceptance or rejection
- Appeals
- Information to the responsible person
- Penalties for incorrect information
- Re-opening election decisions on grounds of incorrect information
- Appeals against re-opening notices
- Part II Supplementary provisions
- Assets used in connection with more than one taxable field
- Transfer of interests
- Transfer of elected assets
- Restriction of relief for expenditure incurred after 30th November 1993 and before the date of an election
- SCHEDULE 23 Amendments of the principal Act relating to valuation of light gases
- SCHEDULE 24 Provisions relating to the Railways Act 1993
- Interpretation
- Chargeable gains: transfer to be without gain or loss
- Chargeable gains: receipt of compensation or insurance policies
- Chargeable gains: section 30 of the Gains Act
- Chargeable gains: section 41 of the Gains Act
- Chargeable gains: roll-over relief
- Chargeable gains: agreements and instruments by virtue of section 91(1)(c) of the Railways Act 1993
- Chargeable gains: group transactions
- Chargeable gains: disposal of debts
- Chargeable gains: assets held before 6th April 1965
- Chargeable gains: miscellaneous disposals and acquisitions
- Transfers of trading stock
- Transfer of rights to receipts
- Transfer of liabilities
- Trading losses
- No reduction in allowable losses on extinguishment of certain liabilities
- Group relief
- Securities issued under section 98 or 106 of the Railways Act 1993
- Leased assets
- 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
- Sale and lease-back: limitation on tax reliefs
- Sales of land with right to reconveyance
- Modifications of restructuring scheme
- Income tax exemption for certain interest
- Employee benefits: transport vouchers
- SCHEDULE 25 Northern Ireland Airports Limited
- Interpretation
- Transfers from NIAL to successor company: general
- Roll-over relief
- Transfers from Holding Company to successor company
- Leasehold interests in industrial buildings or structures
- Securities of successor company
- SCHEDULE 26 Repeals
- Part I Vehicles excise duty
- Part II Gaming machine licence duty
- Part III Excise duties: enforcement and appeals
- Part IV Value added tax
- Part V Income tax, corporation tax and capital gains tax
- Part VI Oil taxation
- Part VII Stamp duty
- Part VIII Miscellaneous
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