Search Legislation

Finance (No. 2) Act 2017

Status:

This is the original version (as it was originally enacted).

PART 4Supplementary

Interpretation: minor

32(1)In this Schedule (apart from the amendments made by Part 3)—

  • “HMRC” means Her Majesty’s Revenue and Customs;

  • “tax period” means a tax year or other period in respect of which tax is charged (or in the case of inheritance tax, the year beginning with 6 April and ending on the following 5 April in which the liability to tax first arose);

  • “tax year”, in relation to inheritance tax, means a period of 12 months beginning on 6 April and ending on the following 5 April;

  • “UK” means the United Kingdom, including its territorial sea.

(2)A reference to making a return or doing anything in relation to a return includes a reference to amending a return or doing anything in relation to an amended return.

(3)References to delivery (of a document) include giving, sending and any other similar expressions.

(4)A reference to delivering a document to HMRC includes—

(a)a reference to communicating information to HMRC in any form and by any method (whether by post, fax, email, telephone or otherwise, and

(b)a reference to making a statement or declaration in a document.

(5)References to an assessment to tax, in relation to inheritance tax, are to a determination.

(6)An expression used in relation to income tax has the same meaning as in the Income Tax Acts.

(7)An expression used in relation to capital gains tax has the same meaning as in the enactments relating to that tax.

(8)An expression used in relation to inheritance tax has the same meaning as in IHTA 1984.

Terms defined or explained for purposes of more than one paragraph of this Schedule

TermParagraph
assets (in paragraphs 8 to 10)paragraph 9(7)
capital gains taxparagraph 12(2)
HMRCparagraph 32(1)
involves an offshore matter (in relation to failure to notify chargeability)paragraph 9(2)
involves an offshore matter (in relation to failure to deliver a return or other document)paragraph 10(2) and (3)
involves an offshore matter (in relation to delivery of a return or other document containing an inaccuracy)paragraph 11(2) and (3)
involves an offshore transfer (in relation to failure to notify chargeability)paragraph 9(3) to (6)
involves an offshore transfer (in relation to failure to deliver a return or other document)paragraph 10(4) to (8)
involves an offshore transfer (in relation to delivery of a return or other document containing an inaccuracy)paragraph 11(4) to (8)
involves an onshore matter (in relation to any tax non-compliance)paragraph 7(2)
offshore tax non-complianceparagraph 7(1)
offshore PLRparagraph 15(1)
potential lost revenueparagraph 15(2)
RTC periodparagraph 1(b)
relevant offshore tax non-complianceparagraph 3
tax non-complianceparagraph 8(1)
tax periodparagraph 32(1)
tax year (in relation to inheritance tax)paragraph 32(1)
taxparagraph 12(1)
UKparagraph 32(1)
uncorrected offshore tax non-compliance (in Part 2)paragraph 14(2)

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

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 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.

Close

Opening Options

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

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

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