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Finance Act 1981

Changes to legislation:

Finance Act 1981 is up to date with all changes known to be in force on or before 29 April 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

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Changes and effects yet to be applied to :

  • s. 107(3)(d) repealed by 2001 asp 10 Sch. 10 para. 8
  • Sch. 19 Pt. 1 table words omitted by S.I. 2022/109 reg. 3 (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • specified provision(s) savings for amendments by 2018 anaw 1, s. 6, Sch. 6 by S.I. 2019/110 reg. 5

Information:

You searched for provisions that are applicable to Northern Ireland. The matching provisions are highlighted below. Where no highlighting is shown the matching result may be contained within a footnote.

  1. Introductory TextNext Match

  2. Part I Customs and ExcisePrevious MatchNext Match

    1. 1. Spirits, beer, wine, made-wine and cider.Previous MatchNext Match

    2. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    3. 3. Matches and mechanical lighters.Previous MatchNext Match

    4. 4. Increase on duty on hydrocarbon oil etc.Previous MatchNext Match

    5. 5. Energy for refineries etc.Previous MatchNext Match

    6. 6. Repayment of hydrocarbon oil duty.Previous MatchNext Match

    7. 7. Vehicles excise duty: Great Britain.Previous MatchNext Match

    8. 8. Vehicles excise duty: Northern Ireland.Previous MatchNext Match

    9. 9. Betting and gaming duties.Previous MatchNext Match

    10. 10. Import and export procedures.Previous MatchNext Match

    11. 11. Miscellaneous customs and excise amendments.Previous MatchNext Match

  3. Part II Previous MatchNext Match

    1. 12—15.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

  4. Part III Previous MatchNext Match

    1. 16—18.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

  5. Part IV Income Tax, Corporation Tax and Capital Gains TaxPrevious MatchNext Match

    1. Chapter I GeneralPrevious MatchNext Match

      1. 19—37.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

      2. 38. Interest charged to capital.Previous MatchNext Match

      3. 39—51.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    2. Chapter II Relief for Investments in New Corporate TradesPrevious MatchNext Match

      1. 52—67.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    3. Chapter III Benefits in KindPrevious MatchNext Match

      1. 68—72.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    4. Chapter IV Capital AllowancesPrevious MatchNext Match

      1. 73—77.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    5. Chapter V Capital GainsPrevious MatchNext Match

      1. 78.(1) . . . . . . . . ....Previous MatchNext Match

      2. 79. Emigration of donee. Previous MatchNext Match

      3. 80. Gains of non-resident settlements.Previous MatchNext Match

      4. 80A. Gains of dual-resident settlements.Previous MatchNext Match

      5. 81. Migrant settlements.Previous MatchNext Match

      6. 82. Transfers between settlements.Previous MatchNext Match

      7. 82A. Payments by and to companies.Previous MatchNext Match

      8. 83. Provisions supplementary to sections 80 to 82.Previous MatchNext Match

      9. 84. Power to obtain information for purposes of sections 80 to 82.Previous MatchNext Match

      10. 85. Non-resident trustees and non-resident companies.Previous MatchNext Match

      11. 86. Transfers into settlement.Previous MatchNext Match

      12. 87. Appointments to persons under disability.Previous MatchNext Match

      13. 88. Disposal of interests in non-resident settlements.Previous MatchNext Match

      14. 89. Trusts for the disabled.Previous MatchNext Match

      15. 90. Market value.Previous MatchNext Match

      16. 91. Consideration on reorganisation of share capital etc.Previous MatchNext Match

  6. Part V Capital Transfer TaxPrevious MatchNext Match

    1. 92—95.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    2. 96.(1) . . . . . . . . ....Previous MatchNext Match

    3. 97—106.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

  7. Part VI Stamp DutyPrevious MatchNext Match

    1. 107. Sale of houses at discount by local authorities etc. Previous MatchNext Match

    2. 108. Shared ownership transactions.Previous MatchNext Match

    3. 109.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    4. 110. Pooled pension funds.Previous MatchNext Match

  8. Part VII Petroleum Revenue TaxPrevious MatchNext Match

    1. 111. Restriction of expenditure supplement.Previous MatchNext Match

    2. 112. Restriction of expenditure supplement: transfers of interest.Previous MatchNext Match

    3. 113. Restriction of expenditure supplement: loss following net profit period.Previous MatchNext Match

    4. 114. Restriction of limit on amount of tax payable.Previous MatchNext Match

    5. 115. Contracts with deferred payment.Previous MatchNext Match

    6. 116. Spreading of capital expenditure.Previous MatchNext Match

    7. 117. Spreading of capital expenditure: transitional provisions.Previous MatchNext Match

    8. 118. Licence payments other than royalties.Previous MatchNext Match

    9. 119. Transportation costs for off-shore oil.Previous MatchNext Match

    10. 120.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    11. 121. Gas banking schemes.Previous MatchNext Match

  9. Part VIII Supplementary Petroleum DutyPrevious MatchNext Match

    1. 122. Charge of supplementary petroleum duty.Previous MatchNext Match

    2. 123. Increase of gross profit by reference to royalties in kind.Previous MatchNext Match

    3. 124. Reduction of gross profit by reference to exempt allowance.Previous MatchNext Match

    4. 125. Repayment of duty in case of field showing loss on cessation.Previous MatchNext Match

    5. 126. Deduction of duty in computing assessable profit or allowable loss for petroleum revenue tax.Previous MatchNext Match

    6. 127. Deduction of duty in computing income for corporation tax.Previous MatchNext Match

    7. 128. Supplementary Provisions.Previous MatchNext Match

  10. Part IX Previous MatchNext Match

    1. 129—133.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

  11. Part X Miscellaneous and SupplementaryPrevious MatchNext Match

    1. 134. Special tax on banking deposits.Previous MatchNext Match

    2. 135. Chevening Estate.Previous MatchNext Match

    3. 136. Exchange control.Previous MatchNext Match

    4. 137. Irish land Acts.Previous MatchNext Match

    5. 138.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Previous MatchNext Match

    6. 139. Short title, interpretation, construction and repeals.Previous MatchNext Match

  12. SCHEDULES

    1. SCHEDULES 1, 2Previous MatchNext Match

    2. SCHEDULES 3, 4Previous MatchNext Match

    3. SCHEDULE 5Previous MatchNext Match

    4. SCHEDULE 6Previous MatchNext Match

      Import Procedures: Amendments of Customs and Excise Management Act 1979Previous MatchNext Match

      1. Entry of goods on importationPrevious MatchNext Match

        1. 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

      2. Acceptance of incomplete entryPrevious MatchNext Match

        1. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

      3. Examination of goods for purpose of making entryPrevious MatchNext Match

        1. 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

      4. Correction and cancellation of entryPrevious MatchNext Match

        1. 4.After the section inserted by paragraph 3 above there shall...Previous MatchNext Match

      5. Removal of uncleared goodsPrevious MatchNext Match

        1. 5.In section 40(1) for paragraph (b) there shall be substituted—...Previous MatchNext Match

      6. Failure to comply with provisions as to entryPrevious MatchNext Match

        1. 6.At the end of section 41 there shall be inserted...Previous MatchNext Match

      7. Duties on imported goodsPrevious MatchNext Match

        1. 7.(1) Section 43 shall be amended as follows. Previous MatchNext Match

      8. Delivery of imported goods on giving security for dutyPrevious MatchNext Match

        1. 8.In section 119(1) after the words “for home use” there...Previous MatchNext Match

      9. Restriction on delivery of goodsPrevious MatchNext Match

        1. 9.In section 128(1) and (2) (power to restrict delivery of...Previous MatchNext Match

    5. SCHEDULE 7Previous MatchNext Match

      Export ProceduresPrevious MatchNext Match

      1. Part I Sections Substituted in Customs and Excise Management Act 1979Previous MatchNext Match

        1. 53. Entry outwards of goods.Previous MatchNext Match

        2. 54. Acceptance of incomplete entry.Previous MatchNext Match

        3. 55. Correction and cancellation of entry.Previous MatchNext Match

        4. 56. Failure to export.Previous MatchNext Match

        5. 57. Delivery of entry by owner of exporting ship etc.Previous MatchNext Match

        6. 58. Simplified clearance procedure.Previous MatchNext Match

        7. 58A. Local export control.Previous MatchNext Match

        8. 58B. Provisions supplementary to ss. 58 and 58A.Previous MatchNext Match

        9. 58C. Pipe-lines and export of ships and aircraft.Previous MatchNext Match

        10. 58D. Operative date for Community purposes.Previous MatchNext Match

        11. 58E. Authentication of Community customs documents.Previous MatchNext Match

      2. Part II Amendments of Customs and Excise Management Act 1979Previous MatchNext Match

        1. Control of movement of goodsPrevious MatchNext Match

          1. 1.(1) Section 31 shall be amended as follows. Previous MatchNext Match

        2. Dutiable or restricted goodsPrevious MatchNext Match

          1. 2.(1) Section 52 shall be amended as follows. Previous MatchNext Match

        3. Restrictions on putting export goods alongside for loadingPrevious MatchNext Match

          1. 3.In section 59(1) for the words “whether under section 53...Previous MatchNext Match

        4. Provisions as to storesPrevious MatchNext Match

          1. 4.(1) Section 61 shall be amended as follows. Previous MatchNext Match

        5. Power to make regulations as to exportation, etc.Previous MatchNext Match

          1. 5.In section 66(2) for the words “a penalty of £100”...Previous MatchNext Match

    6. SCHEDULE 8Previous MatchNext Match

      Miscellaneous Customs and Excise AmendmentsPrevious MatchNext Match

      1. Part I Amendments of Customs and Excise Management Act 1979Previous MatchNext Match

        1. Definition of “revenue trader”Previous MatchNext Match

          1. 1.(1) In the definition of “revenue trader” in subsection (1)...Previous MatchNext Match

        2. Warehousing regulationsPrevious MatchNext Match

          1. 2.In section 93— (a) in paragraph (a) of subsection (2)...Previous MatchNext Match

        3. Deficiency in warehoused goodsPrevious MatchNext Match

          1. 3.Section 94(2) shall cease to have effect. Previous MatchNext Match

        4. Procedure on warehouse ceasing to be approvedPrevious MatchNext Match

          1. 4.In section 98— (a) at the end of subsection (1)...Previous MatchNext Match

        5. Excise licencesPrevious MatchNext Match

          1. 5.Sections 105 and 106 shall cease to have effect. Previous MatchNext Match

        6. Powers of entry on premises of revenue tradersPrevious MatchNext Match

          1. 6.In section 112— (a) in subsection (1) after the word...Previous MatchNext Match

        7. Power to estimate excise dutiesPrevious MatchNext Match

          1. 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

        8. Execution and distressPrevious MatchNext Match

          1. 8.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

        9. Proof of documentsPrevious MatchNext Match

          1. 9.In section 153 after subsection (3) there shall be inserted—...Previous MatchNext Match

      2. Part II Amendments of Alcoholic Liquor Duties Act 1979Previous MatchNext Match

        1. Ascertainment of volume etc. of alcoholic liquors from labels etc.Previous MatchNext Match

          1. 10.After subsection (3) of section 2 there shall be inserted—...Previous MatchNext Match

        2. Definitions of “wholesale” and “wholesaler”Previous MatchNext Match

          1. 11.For the definitions of “wholesale” and “wholesaler” in section 4(1)...Previous MatchNext Match

        3. Regulations about manufacture of spiritsPrevious MatchNext Match

          1. 12.In section 13— (a) after subsection (1) there shall be...Previous MatchNext Match

        4. Attenuation charge for distilled spiritsPrevious MatchNext Match

          1. 13.In section 14(2) for the words “8.8 degrees” in both...Previous MatchNext Match

        5. Distillers’ warehousesPrevious MatchNext Match

          1. 14.In section 15— (a) for subsection (2) there shall be...Previous MatchNext Match

        6. Rectifying and compounding of spiritsPrevious MatchNext Match

          1. 15.In section 19— (a) after subsection (1) there shall be...Previous MatchNext Match

        7. Drawback on British compounds and spirits of winePrevious MatchNext Match

          1. 16.In section 22 after subsection (3) there shall be inserted—...Previous MatchNext Match

        8. Restrictions on distillers and rectifiersPrevious MatchNext Match

          1. 17.In section 24— (a) at the beginning of subsection (1)...Previous MatchNext Match

        9. Spirits consignment and advice notesPrevious MatchNext Match

          1. 18.Sections 27 to 30 shall cease to have effect. Previous MatchNext Match

        10. Transfer of spirit from distillers’ warehousesPrevious MatchNext Match

          1. 19.In section 32(1) the words from “and” onwards shall cease...Previous MatchNext Match

        11. Abolition of wholesalers’ licences etc.Previous MatchNext Match

          1. 20.Sections 65, 68, 70 and 85 to 89 shall cease...Previous MatchNext Match

        12. Restrictions on wholesalers of spiritsPrevious MatchNext Match

          1. 21.At the beginning of section 69(1) there shall be inserted...Previous MatchNext Match

        13. Methylated spiritsPrevious MatchNext Match

          1. 22.Section 76 shall cease to have effect. Previous MatchNext Match

          2. 23.In section 77— (a) in subsection (1) in paragraph (d)...Previous MatchNext Match

      3. Part III Amendments of Licensing ActsPrevious MatchNext Match

        1. The Licensing Act 1964Previous MatchNext Match

          1. 24.. . . . . . . . . ....Previous MatchNext Match

          2. 25.In the definition of “intoxicating liquor” in section 201(1) of...Previous MatchNext Match

          3. 26—28.. . . . . . . . . ....Previous MatchNext Match

    7. Schedules 9—12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Previous MatchNext Match

    8. Schedules 13, 14Previous MatchNext Match

    9. Schedule 15Previous MatchNext Match

    10. Schedule 16Previous MatchNext Match

      Supplementary Petroleum DutyPrevious MatchNext Match

      1. ManagementPrevious MatchNext Match

        1. 1.The duty shall be under the care and management of...Previous MatchNext Match

        2. 2.(1) The provisions of the Taxes Managemen Act 1970 which...Previous MatchNext Match

      2. Returns and informationPrevious MatchNext Match

        1. 3.The particulars contained in returns made under paragraph 2 or...Previous MatchNext Match

      3. Assessments and determinationsPrevious MatchNext Match

        1. 4.(1) Where it appears to the Board that, in accordance...Previous MatchNext Match

        2. 5.(1) Where a participator has under paragraph 2 of Schedule...Previous MatchNext Match

        3. 6.(1) Where it appears to the Board— Previous MatchNext Match

      4. AppealsPrevious MatchNext Match

        1. 7.(1) A participator may appeal to the Special Commissioners against...Previous MatchNext Match

        2. 8.(1) A participator who has given notice of appeal under...Previous MatchNext Match

      5. PaymentPrevious MatchNext Match

        1. 9.Subject to paragraphs 7 and 8 above, the duty charged...Previous MatchNext Match

        2. 10.(1) Every participator in an oil field shall, at the...Previous MatchNext Match

        3. 11.(1) Subject to sub-paragraphs (4) and (6) below, every participator...Previous MatchNext Match

        4. 12.Certificates of tax deposit issued by the Treasury under section...Previous MatchNext Match

      6. InterestPrevious MatchNext Match

        1. 13.(1) Duty charged in an assessment for a chargeable period...Previous MatchNext Match

      7. Transfers to associated companiesPrevious MatchNext Match

        1. 14.In paragraph 5(2) and (4) of Schedule 3 to the...Previous MatchNext Match

    11. Schedule 17Previous MatchNext Match

      Special Tax on Banking DepositsPrevious MatchNext Match

      1. Part I The Base Period and Chargeable DepositsPrevious MatchNext Match

        1. The base periodPrevious MatchNext Match

          1. 1.(1) The base period for the purposes of section 134...Previous MatchNext Match

        2. Chargeable depositsPrevious MatchNext Match

          1. 2.For the purposes of the principal section and this Schedule...Previous MatchNext Match

          2. 3.(1) Subject to the following provisions of this paragraph, a...Previous MatchNext Match

          3. 4.(1) Where any amount of the chargeable deposits held by...Previous MatchNext Match

          4. 5.(1) The amount of chargeable deposits held by a deposit-taker...Previous MatchNext Match

          5. 6.Where a person was carrying on a banking business at...Previous MatchNext Match

      2. Part II Management and CollectionPrevious MatchNext Match

        1. ManagementPrevious MatchNext Match

          1. 7.The tax shall be under care and management of the...Previous MatchNext Match

        2. Notice of liabilityPrevious MatchNext Match

          1. 8.(1) Every person who is chargeable with the tax shall...Previous MatchNext Match

        3. ReturnsPrevious MatchNext Match

          1. 9.(1) Every person who is chargeable with the tax shall...Previous MatchNext Match

          2. 10.(1) If a person fails to deliver a return within...Previous MatchNext Match

        4. Payment of taxPrevious MatchNext Match

          1. 11.(1) The tax chargeable in the case of any person...Previous MatchNext Match

        5. AssessmentsPrevious MatchNext Match

          1. 12.(1) Any tax with which a person is chargeable may...Previous MatchNext Match

          2. 13.(1) Where it appears to the Board that the amount...Previous MatchNext Match

        6. Right of appealPrevious MatchNext Match

          1. 14.(1) An Appeal may be brought against an assessment to...Previous MatchNext Match

        7. InterestPrevious MatchNext Match

          1. 15.(1) Any tax with which a person is chargeable and...Previous MatchNext Match

        8. InformationPrevious MatchNext Match

          1. 16.(1) Where the Board are not satisfied that the information...Previous MatchNext Match

        9. Incorrect returns, accounts, etc.Previous MatchNext Match

          1. 17.(1) Where a person fraudulently or negligently— Previous MatchNext Match

        10. Application of Taxes Management ActPrevious MatchNext Match

          1. 18.(1) The provisions of the Taxes Management Act 1970 specified...Previous MatchNext Match

    12. Schedule 18Previous MatchNext Match

    13. Schedule 19Previous MatchNext Match

      RepealsPrevious MatchNext Match

      1. Part I Import ProceduresPrevious MatchNext Match

      2. Part II Export ProceduresPrevious MatchNext Match

      3. Part III Customs and Excise: MiscellaneousPrevious MatchNext Match

        1. 1.The repeals in the Food and Drugs Act 1955, the...Previous MatchNext Match

        2. 2.The repeal in section 6 of the Betting and Gaming...Previous MatchNext Match

        3. 3.The repeals in the Finance (No. 2) Act 1975 and...Previous MatchNext Match

        4. 4.The repeals in the Hydrocarbon Oil Duties Act 1979 have...Previous MatchNext Match

      4. Part IV Value Added TaxPrevious MatchNext Match

      5. Part V Car TaxPrevious MatchNext Match

      6. Part VI Income Tax and Corporation Tax: GeneralPrevious MatchNext Match

        1. 1.The repeals in section 188 of and Schedule 8 to...Previous MatchNext Match

        2. 2.The repeal in section 269 of the said Act of...Previous MatchNext Match

        3. 3.The repeals in section 36 of the Finance (No. 2)...Previous MatchNext Match

        4. 4.The repeals in Schedule 6 of the Finance Act 1978...Previous MatchNext Match

      7. Part VII Stock ReliefPrevious MatchNext Match

      8. Part VIII Capital GainsPrevious MatchNext Match

        1. 1.The repeal of section 17 of the Capital Gains Tax...Previous MatchNext Match

        2. 2.the repeals in section 19 of that Act and section...Previous MatchNext Match

      9. Part IX Capital Transfer TaxPrevious MatchNext Match

        1. 1.The repeals of section 30 of, and in Schedules 4...Previous MatchNext Match

        2. 2.The repeals of section 35 of, and Part I of...Previous MatchNext Match

        3. 3.The repeal in Schedule 10 to the Finance Act 1975...Previous MatchNext Match

        4. 4.The repeal of section 93 of the Finance Act 1976...Previous MatchNext Match

        5. 5.The repeals of sections 115 and 116, and in section...Previous MatchNext Match

        6. 6.The repeal of section 51 of the Finance Act 1977...Previous MatchNext Match

      10. Part X Petroleum Revenue TaxPrevious MatchNext Match

      11. Part XI Exchange ControlPrevious MatchNext Match

      12. Part XII Irish Land ActsPrevious MatchNext Match

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