Search Legislation

Taxation (International and Other Provisions) Act 2010

What Version

 Help about what version

Advanced Features

 Help about advanced features

Status:

Point in time view as at 01/04/2010.

Changes over time for: Part 9

 Help about opening options

Alternative versions:

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to Taxation (International and Other Provisions) Act 2010. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Close

Changes to Legislation

Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.

Part 9 E+W+S+N.I.Amendments to relocate provisions of tax legislation

364Oil activitiesE+W+S+N.I.

Schedule 1, which inserts a new Chapter 16A (oil activities) in Part 2 (trading income) of ITTOIA 2005, has effect.

365Alternative finance arrangementsE+W+S+N.I.

Schedule 2, which—

(a)inserts a new Part 10A in ITA 2007 (see Part 1 of the Schedule),

(b)inserts a new Chapter 4 in Part 4 of TCGA 1992 (see Part 2 of the Schedule), and

(c)makes other amendments (see Part 3 of the Schedule),

has effect.

366Power to amend the alternative finance provisionsE+W+S+N.I.

(1)The Treasury may by order amend the alternative finance provisions.

(2)The amendments which may be made by such an order include—

(a)the variation of provision already included in the alternative finance provisions, and

(b)the introduction into the alternative finance provisions of new provision relating to alternative finance arrangements.

(3)In subsection (2)(b) “alternative finance arrangements” means arrangements which in the Treasury's opinion—

(a)equate in substance to a loan, deposit or other transaction of a kind that generally involves the payment of interest, but

(b)achieve a similar effect without including provision for the payment of interest.

(4)An order under subsection (1) may, in particular—

(a)make provision of a kind similar to provision already made by the alternative finance provisions,

(b)make other provision about the treatment for the purposes of the Tax Acts of arrangements to which the order applies,

(c)make provision generally or only in relation to specified cases or circumstances,

(d)make different provision for different cases or circumstances, and

(e)make incidental, supplemental, consequential and transitional provision and savings.

(5)An order making consequential provision under subsection (4)(e) may, in particular, include provision amending a provision of the Tax Acts.

(6)In this section “the alternative finance provisions” means—

(a)section 367A of ICTA,

(b)Chapter 4 of Part 4 of TCGA 1992,

(c)sections 372A to 372D, Part 10A and section 1005(2A) of ITA 2007,

(d)Chapter 6 of Part 6 of CTA 2009,

(e)sections 110, 256 to 259 and 1019 of CTA 2010.

(7)An order under this section that—

(a)includes such amendments as are mentioned in subsection (2)(b), or

(b)amends an enactment not contained in the alternative finance provisions but contained in an Act,

may only be made if a draft of the statutory instrument containing the order has been laid before and approved by a resolution of the House of Commons.

367Leasing arrangements: finance leases and loansE+W+S+N.I.

Schedule 3, which inserts—

(a)a new Part 11A in ITA 2007 (leasing arrangements: finance leases and loans), and

(b)a new section 37A in TCGA 1992 (consideration on disposal of certain leases),

has effect.

368Sale and lease-back etcE+W+S+N.I.

Schedule 4, which inserts a new Part 12A in ITA 2007 (sale and lease-back etc), has effect.

369Factoring of income etcE+W+S+N.I.

Schedule 5, which inserts new Chapters 5B and 5C (finance arrangements, and loan or credit transactions) in Part 13 of ITA 2007 (anti-avoidance), has effect.

370UK representatives of non-UK residentsE+W+S+N.I.

Schedule 6, which inserts—

(a)new Chapters 2B and 2C in Part 14 of ITA 2007 (income tax: UK representatives of non-UK residents), and

(b)a new Part 7A in TCGA 1992 (capital gains tax: UK representatives of non-UK residents),

has effect.

371Miscellaneous relocationsE+W+S+N.I.

Schedule 7 (amendments to relocate some miscellaneous tax enactments) has effect.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources