Finance (No. 2) Act 2010
Finance (No. 2) Act 2010 (2010 c. 31)
- Finance (No. 2) Act 2010 (2010 c. 31)
- Part 1 Rates etc
- Corporation tax
- 1 Main rate of corporation tax for financial year 2011
- Capital gains tax
- 2 Rates of capital gains tax
- Value added tax
- 3 Rate of value added tax
- Insurance premium tax
- 4 Rates of insurance premium tax
- Part 2 Other provisions
- Pensions
- 5 Power to repeal high income excess relief charge
- 6 Treatment of persons at age 75
- Income tax
- 7 Expenses paid to MPs etc
- Corporation tax
- 8 Amounts not fully recognised for accounting purposes
- 9 Insurance companies: business transfers involving excess assets
- Final provisions
- 10 Interpretation
- 11 Short title
- SCHEDULES
- SCHEDULE 1 Rates of capital gains tax
- Amendments of TCGA 1992
- Amendments of FA 2008
- Commencement
- Transitionals
- SCHEDULE 2 Supplementary charge to VAT
- Part 1 Supplementary charge to VAT
- The charge
- Supply spanning the date of the VAT change
- Grant of right spanning the date of the VAT change
- “Basic time of supply”
- Series of supplies
- “Relevant consideration” and “related” supplies
- Financing
- Connected persons
- Receipt of payments
- Power to change relevant conditions
- Part 2 Exceptions
- Letting etc of assets
- Condition B cases involving normal commercial practice
- Condition D cases involving hire purchase, conditional sale or credit sale of goods
- Normal commercial practice
- Further exceptions
- Part 3 Liability and amount
- Liability
- Amount
- Part 4 Listed supplies
- “Listed supply”
- “Basic time of supply”: listed supplies
- Part 5 Administration and interpretation
- Person ceasing to be taxable person before supplementary charge due
- Adjustment of contracts following the VAT change
- Invoices
- Orders under this Schedule
- Interpretation: general
- Introductory
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- Pension rules applying at age 77 instead of age 75
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- Treatment of lump sums to which persons become entitled at age 75
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- Application of rules of pension schemes
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- Interpretation
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- SCHEDULE 4 Expenses paid to MPs etc
- Accommodation expenses
- UK travel and subsistence expenses
- European travel expenses
- SCHEDULE 5 Amounts not fully recognised for accounting purposes
- Amendments of sections 311, 312 and 599A of CTA 2009
- Commencement
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