<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1992/48" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/48" NumberOfProvisions="429" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2021-08-01"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1992/48/introduction</dc:identifier><dc:title>Finance (No. 2) Act 1992</dc:title><dc:description> An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.</dc:description><dc:date>1992-07-16</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2024-05-17</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2021-08-01</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1992"/><ukm:Number Value="48"/><ukm:EnactmentDate Date="1992-07-16"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingYear="2007" URI="http://www.legislation.gov.uk/id/effect/key-33bc428ff562ef6b3c70b24b52711d91" AffectedProvisions="Act" AffectingURI="http://www.legislation.gov.uk/id/uksi/2007/1050" EffectId="key-a0930a8d182f22c1606c8240844425a6" Comments="Change TOES - affecting = reg 11 and take out amended by words + set as N - not needed as both affected sections 40D and 43 have been repealed (19.7.2006) (with effect in accordance with Sch. 26 Pt. 3(4) Note 1 of the amending Act) by Finance Act 2006 (c. 25), Sch. 26 Pt. 3(4)" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" Row="5" AffectingProvisions="reg. 3 11" Type="applied in part (with modifications) (as amended by 2009 c. 4 Sch. 2 para. 131)" Notes="This amendment not applied to legislation.gov.uk. The modified provisions were repealed (19.7.2006) (with effect in accordance with Sch. 26 Pt. 3(4) Note 1 of the amending Act) by Finance Act 2006 (c. 25), Sch. 26 Pt. 3(4)" RequiresApplied="false" AffectingEffectsExtent="E+W+S+N.I." Modified="2020-03-16T14:15:39Z" AffectingNumber="1050" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/48" AffectedNumber="48" AffectedYear="1992"><ukm:AffectedTitle>Finance (No. 2) Act 1992</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-3" URI="http://www.legislation.gov.uk/id/uksi/2007/1050/regulation/3">reg. 3</ukm:Section> <ukm:Section Ref="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2007/1050/regulation/11">11</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2007/1050/regulation/1/1">reg. 1(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2007-03-29" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Row="131" AffectedNumber="48" AffectingNumber="2146" AffectedExtent="E+W+S+N.I." Modified="2020-03-16T14:15:39Z" AffectingURI="http://www.legislation.gov.uk/id/uksi/2007/2146" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/48" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingEffectsExtent="E+W+S+N.I." AffectedProvisions="s. 65" AffectingProvisions="reg. 19" RequiresApplied="false" URI="http://www.legislation.gov.uk/id/effect/key-dc6e147ce504d29c3d8a4d30e930b861" EffectId="key-dc6e147ce504d29c3d8a4d30e930b861" Comments="S. 65 repealed (19.7.2007) (with effect in accordance with s. 39(2) of the amending Act) by Finance Act 2007 (c. 11), Sch. 8 para. 19, Sch. 27 Pt. 2(8) (with Sch. 8 Pt. 2)" Type="amendment to earlier affecting provision SI 2006/3271 reg. 33" AffectedYear="1992" AffectingYear="2007" AffectingClass="UnitedKingdomStatutoryInstrument"><ukm:AffectedTitle>Finance (No. 2) Act 1992</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-65" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/section/65">s. 65</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Overseas Life Insurance Companies (Amendment) Regulations 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-19" URI="http://www.legislation.gov.uk/id/uksi/2007/2146/regulation/19">reg. 19</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2007/2146/regulation/1/1">reg. 1(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2007-08-14" Qualification="with effect in accordance with" OtherQualification="reg. 1(2)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Comments="Sch. 5 para. 6 repealed (27.7.1999 with effect for the year 2000-01 and subsequent years of assessment) by 1999 c. 16, s. 139, Sch. 20 Pt. III(4)" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2007/3" AffectedProvisions="Sch. 5 para. 5-7" EffectId="key-704ac66b9031aa32071ad81f27920708" AffectingProvisions="Sch. 3 Pt. 1" Type="repealed" AffectedYear="1992" Modified="2022-01-19T15:36:22Z" AffectingClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-d1835bb783e5caa8dd8fbdfbe626b7c3" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="3" AffectingYear="2007" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/48" AffectedNumber="48" AffectedExtent="E+W+S+N.I." Row="1814" RequiresApplied="false"><ukm:AffectedTitle>Finance (No. 2) Act 1992</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-5" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/5">Sch. 5 </ukm:Section><ukm:SectionRange Start="schedule-5-paragraph-5" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/5/paragraph/5" End="schedule-5-paragraph-7" UpTo="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/5/paragraph/7"><ukm:Section Ref="schedule-5-paragraph-5" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/5/paragraph/5">para. 5</ukm:Section>-<ukm:Section Ref="schedule-5-paragraph-7" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/5/paragraph/7">7</ukm:Section></ukm:SectionRange></ukm:AffectedProvisions><ukm:AffectingTitle>Income Tax Act 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-3" URI="http://www.legislation.gov.uk/id/ukpga/2007/3/schedule/3">Sch. 3 </ukm:Section><ukm:Section Ref="schedule-3-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2007/3/schedule/3/part/1">Pt. 1</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2007/3/schedule/2">Sch. 2</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-1034-1" URI="http://www.legislation.gov.uk/id/ukpga/2007/3/section/1034/1">s. 1034(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2007-04-06" Qualification="with effect in accordance with" OtherQualification="s. 1034(1)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AppliedModified="2012-09-24T13:20:48.96+01:00" AffectingProvisions="Sch. 23 Pt. 1" AffectedNumber="48" AffectedExtent="E+W+S+N.I." Row="774" AffectedProvisions="s. 75(1)(a)" URI="http://www.legislation.gov.uk/id/effect/key-f08a8346b835b5caf58f2b8b994b0877" Comments="S. 75 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 186(b)" EffectId="key-f08a8346b835b5caf58f2b8b994b0877" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2007/15" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="false" AffectingNumber="15" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/48" AffectedClass="UnitedKingdomPublicGeneralAct" Type="repealed" AffectedYear="1992" AffectingYear="2007" Modified="2025-11-07T21:38:07Z"><ukm:AffectedTitle>Finance (No. 2) Act 1992</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-75-1-a" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/section/75/1/a">s. 75(1)(a)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Tribunals, Courts and Enforcement Act 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-23" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/schedule/23">Sch. 23 </ukm:Section><ukm:Section Ref="schedule-23-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/schedule/23/part/1">Pt. 1</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-148-5" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/section/148/5">s. 148(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2008/2696" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2009-04-01" Qualification="wholly in force" CommencingYear="2008" CommencingNumber="2696"><ukm:CommencingProvisions><ukm:Section Ref="article-6-c" URI="http://www.legislation.gov.uk/id/uksi/2008/2696/article/6/c">art. 6(c)</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="48" AffectingYear="2007" Type="repealed" AffectedExtent="E+W+S+N.I." AffectingClass="UnitedKingdomPublicGeneralAct" Comments="Reviewer: the whole of Sch.16 has already been repealed as a high level edit in this PiT." AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-cf31d5a734faf3a324b019f67a0cb95e" Modified="2025-11-07T21:38:07Z" AffectedProvisions="Sch. 16 para. 2" AffectingProvisions="Sch. 23 Pt. 1" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2007/15" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Row="775" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/48" AffectedYear="1992" AffectingNumber="15" AppliedModified="2012-09-24T13:20:48.96+01:00" RequiresApplied="false" EffectId="key-cf31d5a734faf3a324b019f67a0cb95e"><ukm:AffectedTitle>Finance (No. 2) Act 1992</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-16" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/16">Sch. 16 </ukm:Section><ukm:Section Ref="schedule-16-paragraph-2" URI="http://www.legislation.gov.uk/id/ukpga/1992/48/schedule/16/paragraph/2">para. 2</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Tribunals, Courts and Enforcement Act 2007</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-23" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/schedule/23">Sch. 23 </ukm:Section><ukm:Section Ref="schedule-23-part-1" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/schedule/23/part/1">Pt. 1</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-148-5" URI="http://www.legislation.gov.uk/id/ukpga/2007/15/section/148/5">s. 148(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2008/2696" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2009-04-01" Qualification="wholly in force" CommencingYear="2008" CommencingNumber="2696"><ukm:CommencingProvisions><ukm:Section Ref="article-6-c" URI="http://www.legislation.gov.uk/id/uksi/2008/2696/article/6/c">art. 6(c)</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><PrimaryPrelims DocumentURI="http://www.legislation.gov.uk/ukpga/1992/48/introduction" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/48/introduction" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-04-01"><Title>Finance (No. 2) Act 1992</Title><Number>1992 c. 48</Number><LongTitle> An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.</LongTitle><DateOfEnactment><DateText>[16th July 1992]</DateText></DateOfEnactment><PrimaryPreamble><IntroductoryText><P><Text><CommentaryRef Ref="c13516481"/>Most Gracious Sovereign, WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—<CommentaryRef Ref="key-699a4be37f1a746ad59165739c7194e2"/></Text></P></IntroductoryText><EnactingTextOmitted/></PrimaryPreamble></PrimaryPrelims></Primary><Commentaries><Commentary id="c13516481" Type="I"><Para><Text>Act partly in force at Royal Assent; for exceptions see ss. 1(8), 2(6), 3(2), 12(2), 14(3), 16(6), 62(4) and Sch. 9 para. 22.</Text></Para></Commentary><Commentary id="key-699a4be37f1a746ad59165739c7194e2" Type="C"><Para><Text>Act modified (21.2.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/317" id="cp2alwib3-00008" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="317" Title="The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009">The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)</Citation>, <CitationSubRef id="cp2alwib3-00009" CitationRef="cp2alwib3-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/317/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="cp2alwib3-00010" CitationRef="cp2alwib3-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/317/article/3" SectionRef="article-3">3</CitationSubRef>, <CitationSubRef id="cp2alwib3-00011" CitationRef="cp2alwib3-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/317/schedule" SectionRef="schedule" Operative="true">Sch.</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>