The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008

1. Introductory Text

2. PART 1

   1. 1. Citation, commencement and effect

   2. 2. Overview of this Order

   3. 3. Consequential repeals

   4. 4. General saving

3. PART 2 CONSEQUENTIAL AMENDMENTS TO PRIMARY LEGISLATION COMING INTO FORCE ON 6TH APRIL 2008

   1. The Tobacco Products Duty Act 1979 (c. 7)

      1. 5. Sections 7A to 7C: supplemental

   2. The Income and Corporation Taxes Act 1988 (c. 1)

      1. 6. Introduction

      2. 7. Reduction of vendor’s interest as shareholder

      3. 8. Insurance companies: long term business other than life assurance business

      4. 9. Insurance companies: apportionment of income and gains

      5. 10. Share loss relief: the unquoted status requirement

      6. 11. Interpretation of sections 765 to 767

      7. 12. Interpretation of section 804C in relation to other insurance business

      8. 13. Interpretation of the Corporation Tax Acts

      9. 14. Cases where section 747(3) does not apply

      10. 15. Provisions not at arm’s length

   3. The Taxation of Chargeable Gains Act 1992 (c. 12)

      1. 16. Introduction

      2. 17. Meaning of “scheme of reconstruction”

      3. 18. Enterprise investment scheme: re-investment

      4. The Finance Act 1993 (c. 34)

         1. 19. Meaning of “accounts” and other expressions

      5. The Value Added Tax Act 1994 (c. 23)

         1. 20. Disclosure of avoidance schemes

      6. The Finance Act 1996 (c. 8)

         1. 21. Money debts etc not arising from the lending of money

      7. The Finance Act 1997 (c. 16)

         1. 22. Leasing arrangements: accounting purposes and normal accountancy practice

      8. The Finance Act 1998 (c. 36)

         1. 23. Introduction

         2. 24. Computation of profits of trade, profession or vocation

         3. 25. Company tax returns, assessments and related matters

      9. The Finance Act 2000 (c. 17)

         1. 26. The corporate venturing scheme

      10. The Capital Allowances Act 2001 (c. 2)

          1. 27. Introduction

          2. 28. Expenditure of small or medium-sized enterprises: companies

          3. 29. Expenditure of small or medium-sized enterprises: businesses

          4. 30. Whether company is a member of a large or medium-sized group

      11. The Income Tax (Earnings and Pensions) Act 2003 (c. 1)

          1. 31. Introduction

          2. 32. Approved SAYE option schemes

          3. 33. Approved CSOP schemes: exchange of options on company reorganisation

          4. 34. Enterprise management incentives: company reorganisations

      12. The Income Tax (Trading and Other Income) Act 2005 (c. 5)

          1. 35. Introduction

          2. 36. Trade profits: generally accepted accounting practice

          3. 37. Meaning of “statutory insolvency arrangement”

      13. The Income Tax Act 2007 (c. 3)

          1. 38. Introduction

          2. 39. Repayment of authorised minimum within 12 months

          3. 40. Deduction at source application

          4. 41. Meaning of “debenture”

      14. The Finance Act 2007 (c. 11)

          1. 42. Technical provisions made by general insurers

4. PART 3 CONSEQUENTIAL AMENDMENTS TO SECONDARY LEGISLATION COMING INTO FORCE ON 6TH APRIL 2008

   1. The Value Added Tax Regulations 1995 (S.I. 1995/2518)

      1. 43. Introduction

      2. 44. Time of supply and time of acquisition: general

      3. 45. Input tax and partial exemption: adjustment of attribution

   2. The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)

      1. 46. Interpretation

   3. The Non-Resident Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)

      1. 47. Modifications of the Income and Corporation Taxes Act 1988

   4. The Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999 (S.I. 1999/2383)

      1. 48. Interpretation

   5. The Stamp Duty and Stamp Duty Reserve Tax (Definition of Unit Trust Scheme and Open-ended Investment Company) Regulations 2001 (S.I. 2001/964)

      1. 49. Interpretation

   6. The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)

      1. 50. Definition of “company”

   7. The Tobacco Products Regulations 2001 (S.I. 2001/1712)

      1. 51. Interpretation of Schedule

   8. The Non-resident Insurance Companies Regulations 2003 (S.I. 2003/2714)

      1. 52. Interpretation: meaning of “technical provision”

   9. The Value Added Tax (Disclosure of Avoidance Schemes) (Designations) Order 2004 (S.I. 2004/1933)

      1. 53. Interpretation

   10. The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)

       1. 54. Mergers of Venture Capital Trusts

   11. The Registered Pension Schemes (Audited Accounts) Regulations 2005 (S.I. 2005/3456)

       1. 55. Introduction

       2. 56. Specified descriptions of persons

       3. 57. Circumstances in which a specified person is not to audit scheme accounts

5. Signature

6. 1. SCHEDULE

      CONSEQUENTIAL REPEALS

7. Explanatory Note