<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/2016/24" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24" NumberOfProvisions="1246" 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="2026-06-25"><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/2016/24/part/12</dc:identifier><dc:title>Finance Act 2016</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:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-07-10</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-06-25</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="2016"/><ukm:Number Value="24"/><ukm:EnactmentDate Date="2016-09-15"/><ukm:ISBN Value="9780105400509"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingClass="UnitedKingdomPublicGeneralAct" AffectedClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectedProvisions="Sch. 19 para. 51(8)(b)" AffectedYear="2016" Modified="2026-03-30T14:12:22Z" EffectId="key-461fee3b439e007e1a12c3177b9a4837" Type="words inserted" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2017/32" AffectedNumber="24" AffectingProvisions="Sch. 14 para. 48(2)" AffectingEffectsExtent="E+W+S+N.I." URI="http://www.legislation.gov.uk/id/effect/key-461fee3b439e007e1a12c3177b9a4837" Row="1350" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2016/24" AffectingYear="2017" AffectingNumber="32"><ukm:AffectedTitle>Finance Act 2016</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-19" URI="http://www.legislation.gov.uk/id/ukpga/2016/24/schedule/19">Sch. 19 </ukm:Section><ukm:Section Ref="schedule-19-paragraph-51-8-b" URI="http://www.legislation.gov.uk/id/ukpga/2016/24/schedule/19/paragraph/51/8/b" FoundRef="schedule-19-paragraph-51">para. 51(8)(b)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Finance (No. 2) Act 2017</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-14" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/schedule/14">Sch. 14 </ukm:Section><ukm:Section Ref="schedule-14-paragraph-48-2" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/schedule/14/paragraph/48/2">para. 48(2)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-61-6" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/section/61/6">s. 61(6)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2016/24" Row="1354" AffectedNumber="24" Type="words inserted" RequiresApplied="true" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingNumber="32" Modified="2026-03-30T14:12:22Z" AffectedYear="2016" URI="http://www.legislation.gov.uk/id/effect/key-04474e8080d1f1999dd2f272897dbebf" AffectingYear="2017" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2017/32" AffectedProvisions="Sch. 19 para. 53(1)" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Sch. 14 para. 48(4)(a)" EffectId="key-04474e8080d1f1999dd2f272897dbebf"><ukm:AffectedTitle>Finance Act 2016</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-19" URI="http://www.legislation.gov.uk/id/ukpga/2016/24/schedule/19">Sch. 19 </ukm:Section><ukm:Section Ref="schedule-19-paragraph-53-1" URI="http://www.legislation.gov.uk/id/ukpga/2016/24/schedule/19/paragraph/53/1" FoundRef="schedule-19-paragraph-53">para. 53(1)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Finance (No. 2) Act 2017</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-14" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/schedule/14">Sch. 14 </ukm:Section><ukm:Section Ref="schedule-14-paragraph-48-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/schedule/14/paragraph/48/4/a">para. 48(4)(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-61-6" URI="http://www.legislation.gov.uk/id/ukpga/2017/32/section/61/6">s. 61(6)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/ukpga/2017/32" Modified="2026-03-30T14:12:22Z" AffectedYear="2016" AffectingNumber="32" AffectingYear="2017" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2016/24" Row="1355" URI="http://www.legislation.gov.uk/id/effect/key-611ca47521605e1cc195ddbb0694d67b" AffectingProvisions="Sch. 14 para. 48(4)(b)" AffectedNumber="24" RequiresApplied="true" EffectId="key-611ca47521605e1cc195ddbb0694d67b" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingEffectsExtent="E+W+S+N.I." 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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/body" NumberOfProvisions="510" RestrictStartDate="2026-04-01"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/part/12" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/part/12" NumberOfProvisions="6" id="part-12" RestrictStartDate="2023-07-11" Status="Repealed"><Number><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/><Strong>PART 12</Strong></Number><Title>Office of Tax Simplification</Title><P1group RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Office of Tax Simplification</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/184" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/184" id="section-184"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>184</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Functions of the OTS: general</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/185" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/185" id="section-185"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>185</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Functions of the OTS: reviews and reports</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/186" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/186" id="section-186"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>186</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Annual report</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/187" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/187" id="section-187"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>187</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Review of the OTS</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/188" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/188" id="section-188"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>188</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group><P1group ConfersPower="true" RestrictStartDate="2023-07-11" Status="Repealed" Match="false"><Title>Commencement</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2016/24/section/189" IdURI="http://www.legislation.gov.uk/id/ukpga/2016/24/section/189" id="section-189"><Pnumber PuncAfter=""><CommentaryRef Ref="key-79553d2e40bd7da2473789dd6eaffc95"/>189</Pnumber><P1para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Part></Body></Primary><Commentaries><Commentary id="key-79553d2e40bd7da2473789dd6eaffc95" Type="F"><Para><Text><CitationSubRef id="c5tbxukr5-00012" SectionRef="part-12" URI="http://www.legislation.gov.uk/id/ukpga/2016/24/part/12">Pt. 12</CitationSubRef> omitted (11.7.2023) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/30" id="c5tbxukr5-00013" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="30" Title="Finance (No. 2) Act 2023">Finance (No. 2) Act 2023 (c. 30)</Citation>, <CitationSubRef CitationRef="c5tbxukr5-00013" id="c5tbxukr5-00014" SectionRef="section-347-7" URI="http://www.legislation.gov.uk/id/ukpga/2023/30/section/347/7" Operative="true">s. 347(7)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>