SCHEDULES
Employment income provided through third parties
Trading income provided through third parties: loans etc outstanding on 5 April 2019
EIS and VCT reliefs: knowledge-intensive companies
2.Maximum amount raised annually by knowledge-intensive company
3.(1) Section 292A of ITA 2007 (the maximum amount raised...
5.Initial investing period: permitted age of knowledge-intensive company
6.After section 252A of ITA 2007 insert— Knowledge-intensive company reaching...
9.After section 331A of ITA 2007 insert— Knowledge-intensive company reaching...
Venture capital trusts: further amendments
3.In consequence of the amendment made by paragraph 2, in...
6.After section 280B of ITA 2007 insert— The minimum investment...
10.In Schedule 11 to FA 2008 (venture capital trusts), in...
11.(1) In Schedule 2 to F(No.3)A 2010 (venture capital trusts),...
13.The other amendments made by this Schedule come into force...
14.Regulations under paragraph 13— (a) may make different provision for...
PART 4 Returns: overseas partners in investment partnerships etc
PART 5 Returns conclusive as to shares of profits and losses
2.Meaning of “tax” etc and treatment of cases where tax charged at a nil rate
3.In section 259BC (meaning of “ordinary income”), in subsection (3),...
4.In section 259FA (circumstances in which Chapter 6 applies), after...
5.In section 259GB (hybrid payee deduction/non-inclusion mismatches and their extent),...
6.In section 259KB (meaning of “excessive PE deduction”), after subsection...
8.Hybrid and other mismatches from financial instruments: qualifying capital amounts
9.Hybrid transfer deduction/non-inclusion mismatches: qualifying capital amounts
10.In section 259DD (hybrid transfer deduction/non-inclusion mismatches: interpretation of section...
13.Hybrid entity double deduction mismatches: use of restricted deduction
14.After section 259IC insert— Section 259ID income for the purposes...
16.(1) Section 259KC (denial of the relevant deduction in relation...
17.After section 259KC insert— Deductions from dual inclusion income (1) If— (a) section 259KA(6)(a) applies as a result of...
18.Adjustments in light of subsequent events: accounting treatment
Corporate interest restriction
PART 1 Amendments of Part 10 of TIOPA 2010
2.Hedging of tax-interest expense amounts or tax-interest income amounts etc
3.(1) Section 387 (relevant derivative contract credits) is amended as...
4.(1) Section 411 (“relevant expense amount” and “relevant income amount”)...
5.In section 412 (section 411: interpretation), after subsection (3) insert—...
6.Group ratio: leaving R&D expenditure credits out of account
8.(1) Section 434 (elections under section 433) is amended as...
9.(1) Section 436 (meaning of “qualifying infrastructure activity”) is amended...
10.In section 443 (interest capacity for group with qualifying infrastructure...
11.In section 444 (joint venture companies), in subsection (1), after...
13.(1) Section 475 (meaning of “non-consolidated subsidiary” and “consolidated subsidiary”)...
15.(1) Paragraph 70 of Schedule 7A (cases where company treated...
16.After paragraph 70 of Schedule 7A insert— Failure to comply...
17.(1) Paragraph 71 of Schedule 7A (regulations for purposes of...
19.In section 393(5)(a) (amount of interest allowance for a period...
20.(1) Section 411 (meaning of “relevant expense amount” and “relevant...
21.(1) Section 412 (section 411: interpretation) is amended as follows....
24.The amendment made by paragraph 11 has effect in relation...
25.The amendments made by paragraph 15 have effect in relation...
26.The amendment made by paragraph 16 does not have effect...
PART 1 Chargeable equity and liabilities
2.Chargeable equity and liabilities: relevant groups and relevant entities
4.(1) Paragraph 25 (UK allocated equity and liabilities: netting) is...
5.In paragraph 26(4), for “paragraph 17(17) or 19(17)” substitute “paragraph...
6.(1) Paragraph 27 (UK allocated equity and liabilities: determining the...
7.After paragraph 27 insert— (1) Paragraph 27D applies for the purposes of paragraph 27(2)(b)...
9.In paragraph 30(2), at the beginning insert “For the purposes...
10.In paragraph 40(1), for the words from “paragraphs 16” to...
11.(1) Paragraph 47 is amended in accordance with this paragraph....
12.In paragraph 53(4)— (a) in paragraph (a), for “relevant UK...
13.(1) Paragraph 54 is amended in accordance with this paragraph....
14.(1) Paragraph 70 is amended in accordance with this paragraph....
PART 2 Miscellaneous amendments
19.After paragraph 53, insert— (1) This paragraph applies where— (a) an entity (the “ring-fenced...
21.After paragraph 55, insert— (1) This paragraph applies for the purposes of paragraph 54(3)(c)(ii)...
23.In paragraph 12 (definition of “banking group”), in sub-paragraph (7),...
24.In paragraph 13 (definition of “banking group”: exempt activities condition)—...
25.In paragraph 14 (definition of “assets”, “equity” and “liabilities”), omit...
26.In paragraph 24 (definition of “UK allocated equities and liabilities”)—...
28.In paragraph 36 (exclusion of relevant retirement benefit liabilities)—
29.In paragraph 42 (financial statements etc)— (a) in sub-paragraph (8),...
30.In paragraph 70 (general definitions)— (a) omit the definition of...
31.In paragraph 71 (definition of “asset management activities”), in sub-paragraph...
32.In paragraph 72 (definition of “capital resources condition”), in sub-paragraph...
33.In paragraph 73 (definition of “excluded entity”), in sub-paragraph (3),...
34.In paragraph 81 (power to make consequential changes), in sub-paragraph...
Settlements: anti-avoidance etc
4.In section 619(1) (list of provisions in the Chapter charging...
5.In section 621 (income charged under the Chapter), for “income...
7.In section 623 (deductions and reliefs allowed when calculating liability...
8.In section 635 (amount of available income for section 633...
9.In section 636 (amount of unprotected income that is undistributed...
11.After section 643 insert— Benefits matched with protected foreign-source income...
14.In section 732(1)(e) (where benefit received, income treated as arising...
15.In section 733A(7) (meaning of “close member” of settlor’s family),...
16.After section 733A insert— Recipients of onward gifts (1) Sections 733C to 733E apply if—
17.In section 734 (amount charged under section 731 is reduced...
18.After section 734 insert— Reduction in amount charged: previous settlements...
19.After section 735B insert— Person liable under section 733C or...
21.Commencement etc of amendments in ITTOIA 2005 and ITA 2007
Stamp duty land tax: higher rates for additional dwellings
3.Exception where purchaser has prior interest in purchased dwelling
4.Exception where spouses and civil partners purchasing from one another
5.Property adjustment on divorce, dissolution of civil partnership etc
6.Purchase etc by person appointed under Mental Capacity Act 2005 to make decisions for a child
10.In paragraph 8— (a) in sub-paragraph (1) for “ceases to...
13.In the italic heading before paragraph 17 omit “, Wales”....
15.In section 128(9)(b) of FA 2016 for ““during that period...
Landfill tax: disposals not made at landfill sites, etc
PART 1 Amendments of Part 3 of FA 1996
3.After section 40 insert— Disposals of material (1) For the purposes of this Part, there is a...
6.In section 44 (mining and quarrying), in subsection (1), after...
8.In section 46 (power to vary), in subsection (2), before...
10.Taxable disposals etc: supplementary and consequential amendments
11.In section 51 (credit: general), in subsection (1)(a), after “liable...
12.In section 52 (bad debts), in subsection (1)(a), after “taxable...
15.In section 71 (orders and regulations), in subsection (7)—
19.(1) Section 59 (groups of companies) is amended as follows....
20.In section 70 (interpretation), in subsection (1), for ““registrable person”...
23.After that section insert— Power to assess: unregistered persons (1) Where— (a) it appears to the Commissioners that a...