Part I Excise Duties

Alcoholic liquor duties

• 1 Rate of duty on beer
• 2 Adjustment of rates of duty on sparkling liquors
• 3 Rates of duty on wine and made-wine
• 4 Rates of duty on cider
• 5 Drawback of excise duty on beer

Hydrocarbon oil duties

• 6 Charge on production without delivery
• 7 Rates of duties and rebates
• 8 Ultra low sulphur diesel
• 9 Mixtures of heavy oils

Tobacco products duty

• 10 Rates of tobacco products duty

Gaming duty

• 11 Rates of gaming duty

Amusement machine licence duty

• 12 Rates of amusement machine licence duty
• 13 Further exception for thirty-five-penny machines
• 14 Video machines

Air passenger duty

• 15 Fiscal representatives

Vehicle excise duty

• 16 Rates of duty where pollution reduced
• 17 Restriction of exemption for old vehicles
• 18 Regulations relating to nil licences
• 19 Failure to pay amount required in respect of void licence

Assessments

• 20 Assessments for excise duty purposes

Part II Value Added Tax

• 21 Deemed supplies
• 22 Changes of place of supply: transitional
• 23 Bad debt relief
• 24 Long leases in Scotland

Part III Income Tax, Corporation Tax and Capital Gains Tax

Income tax charge, rates and reliefs

• 25 Charge and rates for 1998–99
• 26 Relief for a woman with a child and an incapacitated husband
• 27 Married couple's allowance etc in and after 1999–00

Corporation tax charge and rates

• 28 Charge and rates for financial year 1998
• 29 Charge and rates for financial year 1999

Corporation tax: periodic payments etc

• 30 Corporation tax: due and payable date
• 31 Abolition of advance corporation tax
• 32 Unrelieved surplus advance corporation tax
• 33 Relief for interest payable under the Tax Acts
• 34 Charge to tax on interest payable under the Tax Acts
• 35 Further provision about interest payable under the Tax Acts
• 36 Arrangements with respect to payment of corporation tax

Gilt-edged securities

• 37 Abolition of periodic accounting

Rents and other receipts from land

• 38 Taxation of rents and other receipts from land
• 39 Land managed as one estate and maintenance funds for historic buildings
• 40 Treatment of premiums as rent
• 41 Tied premises: receipts and expenses treated as those of trade

Computation of profits of trade, profession or vocation

• 42 Computation of profits of trade, profession or vocation
• 43 Barristers and advocates in early years of practice
• 44 Change of accounting basis
• 45 Meaning of “period of account”
• 46 Minor and consequential provisions about computations

Gifts to charities

• 47 Gifts in kind for relief in poor countries
• 48 Gifts of money for relief in poor countries

Employee share incentives

• 49 Employee share options
• 50 Conditional acquisition of shares
• 51 Convertible shares provided to directors and employees
• 52 Information powers
• 53 Provision supplemental to sections 50 to 52
• 54 Amendments consequential on sections 50 to 53

Construction industry workers

• 55 Construction workers supplied by agencies
• 56 Transitional provisions in connection with section 55
• 57 Sub-contractors in the construction industry

Payments and other benefits in connection with termination of employment etc

• 58 Payments and other benefits in connection with termination of employment etc

Benefits in kind

• 59 Car fuel
• 60 Reductions for road fuel gas cars
• 61 Travelling expenses

Profit-related pay

• 62 Provision preventing manipulation of profit periods

Foreign earnings deduction

• 63 Withdrawal except in relation to seafarers

PAYE: non-cash benefits etc

• 64 Transitory provision relating to tradeable assets
• 65 Payment in the form of a readily convertible asset
• 66 Enhancing the value of an asset
• 67 Gains from share options etc
• 68 Vouchers and credit-tokens
• 69 Intermediaries, non-UK employers, agencies etc

The enterprise investment scheme and venture capital trusts

• 70 Qualifying trades for EIS and VCTs
• 71 Pre-arranged exits from EIS
• 72 Qualifying holdings for VCTs after 2nd July 1997
• 73 Other changes to requirements for VCTs
• 74 Other changes to EIS etc

Individual savings accounts etc

• 75 Use of PEPs powers to provide for accounts
• 76 Tax credits for accounts and for PEPs
• 77 The insurance element etc
• 78 Phasing out of TESSAs

Relief for interest and losses etc

• 79 Relief for loan to acquire interest in a close company
• 80 Relief for losses on unlisted shares in trading companies
• 81 Group relief: special rules for consortium cases
• 82 Carry forward of non-trading deficit on loan relationships

Capital allowances

• 83 First-year allowances for investment in Northern Ireland
• 84 First-year allowances for small businesses etc
• 85 First-year allowances: consequential amendments etc

Insurance, insurance companies and friendly societies

• 86 Life policies etc
• 87 Non-resident insurance companies: tax representatives
• 88 Overseas life assurance business
• 89 Personal portfolio bonds
• 90 Distributions to friendly societies
• 91 Provisional repayments in connection with pension business

Pensions

• 92 Approved retirement benefit schemes etc
• 93 Benefits received under non-approved retirement benefits scheme
• 94 Approval of personal pension schemes
• 95 Personal pensions: charge on withdrawal of approval
• 96 Information relating to personal pension schemes etc
• 97 Notices to be given to scheme administrator
• 98 Assessments on scheme administrators

Futures and options

• 99 Extension of provisions relating to guaranteed returns

Securities

• 100 Accrued income scheme
• 101 Dealers in securities etc
• 102 Manufactured dividends

Double taxation relief

• 103 Restriction of relief on certain interest and dividends
• 104 Adjustments of interest and dividends for spared tax etc
• 105 Meaning of “financial expenditure”
• 106 Underlying tax reflecting interest or dividends
• 107 Notification of foreign tax adjustment

Transfer pricing, FOREX and financial instruments

• 108 New regime for transfer pricing etc
• 109 Abolition of requirements for direction
• 110 Determinations requiring the sanction of the Board
• 111 Notice to potential claimants

Controlled foreign companies

• 112 Exempt activities
• 113 Miscellaneous amendments

Changes in company ownership

• 114 Postponed corporation tax
• 115 Information powers where ownership changes
• 116 Provisions supplemental to sections 114 and 115

Corporation tax self-assessment

• 117 Company tax returns, assessments and related matters

Telephone claims etc

• 118 Claims for income tax purposes
• 119 Evidential provisions in PAYE regulations

Rate for trustees

• 120 Rate of CGT for trustees etc

Taper relief and indexation allowance

• 121 Taper relief for CGT
• 122 Freezing of indexation allowance for CGT

Pooling and identification of shares etc

• 123 Abolition of pooling for CGT
• 124 New identification rules for CGT
• 125 Indexation and share pooling etc

Stock dividends

• 126 Capital gains on stock dividends

Non-residents etc

• 127 Charge to CGT on temporary non-residents
• 128 Disposal of interests in a settlement
• 129 Attribution of gains to settlor in section 10A cases
• 130 Charge on beneficiaries of settlements with non-resident settlors
• 131 Charge on settlors of settlements for grandchildren
• 132 Charge on settlors of pre-19th March 1991 settlements

Groups of companies etc

• 133 Transfer within group to investment trust
• 134 Transfer of company's assets to venture capital trust
• 135 Transfer within group to venture capital trust
• 136 Incorporated friendly societies
• 137 Pre-entry gains
• 138 Pre-entry losses
• 139 De-grouping charges

Abolition of reliefs

• 140 Phasing out of retirement relief
• 141 Abolition of certain other CGT reliefs

Part IV Inheritance Tax etc.

• 142 Property of historic interest etc
• 143 Removal of exemption for gifts for public benefit
• 144 Maintenance funds for historic buildings, etc
• 145 Accounting for property accepted in satisfaction of tax

Part V Other Taxes

Insurance premium tax

• 146 Travel insurance: higher rate tax
• 147 Taxable intermediaries

Landfill tax

• 148 Provisional collection of landfill tax

Stamp duty

• 149 Stamp duty on conveyance or transfer on sale
• 150 Relief from double stamp duties etc

Stamp duty reserve tax

• 151 Depositary receipts and clearance services: exchanges of shares

Petroleum revenue tax etc

• 152 Gas valuation

Gas levy

• 153 Reduction and abolition of gas levy

Dumping duties

• 154 Repeal of Customs Duties (Dumping and Subsidies) Act 1969

Part VI Miscellaneous and Supplemental

Fiscal stability

• 155 Code for fiscal stability
• 156 Annual Budget documents
• 157 Supplementary powers of the Comptroller and Auditor General

Government borrowing

• 158 Treasury's position regarding their own securities
• 159 Treasury bills
• 160 National loans
• 161 Non-FOTRA securities
• 162 Accounting statements relating to National Savings

The European single currency

• 163 Adoption of single currency by other member States

Supplemental

• 164 Interpretation
• 165 Repeals
• 166 Short title
• SCHEDULE 1 Rates of Duty Where Pollution Reduced
• SCHEDULE 2 Assessments for Excise Duty Purposes
• SCHEDULE 3 Advance Corporation Tax
• SCHEDULE 4 Interest Payable under the Tax Acts by or to Companies

SCHEDULE 5 Rent and other Receipts from Land

• Part I Main Charging Provisions
• Part II Treatment of Losses
• Part III Minor and Consequential Amendments
• Part IV Transitional Provisions for Corporation Tax
• SCHEDULE 6 Adjustment on Change of Accounting Basis
• SCHEDULE 7 Removal of Unnecessary References to Gains
• SCHEDULE 8 Sub-Contractors in the Construction Industry

SCHEDULE 9 Payments and other Benefits in Connection with Termination of Employment etc

• Part I Schedule 11 to the Taxes Act 1988

“SCHEDULE 11 Payments and other Benefits in Connection with Termination of Employment, etc

• Part II Consequential Amendments
• SCHEDULE 10 Ordinary Commuting and Private Travel
• SCHEDULE 11 Transitional Provisions for Profit-Related Pay
• SCHEDULE 12 EIS and VCTs: Meaning of Qualifying Trade

SCHEDULE 13 Changes to EIS etc

• Part I EIS Income Tax Relief
• Part II EIS Relief against Chargeable Gains
• Part III EIS Deferral of Chargeable Gains
• Part IV BES Income Tax Relief and Relief against Chargeable Gains
• SCHEDULE 14 Life Policies, Life Annuities and Capital Redemption Policies
• SCHEDULE 15 Approved Retirement Benefits Schemes
• SCHEDULE 16 Transfer Pricing etc: New Regime
• SCHEDULE 17 Controlled Foreign Companies

SCHEDULE 18 Company Tax Returns, Assessments And Related Matters

• Part I Introduction
• Part II Company Tax Return
• Part III Duty to Keep and Preserve Records
• Part IV Enquiry into Company Tax Return
• Part V Revenue Determinations and Assessments
• Part VI Excessive Assessments or Repayments, etc
• Part VII General Provisions as to Claims and Elections
• Part VIII Claims for Group Relief
• Part IX Claims for Capital Allowances
• Part X Special Provisions
• Part XI Supplementary Provisions
• SCHEDULE 19 Company Tax Returns, etc: Minor and Consequential Amendments
• SCHEDULE 20 Application of Taper Relief
• SCHEDULE 21 Amendments in Connection with Taper Relief
• SCHEDULE 22 Transitional Provision and Consequential Amendments for Section 131
• SCHEDULE 23 Transitional Provision in Connection with Section 132
• SCHEDULE 24 Restrictions on Setting Losses against Pre-Entry Gains
• SCHEDULE 25 Property of Historic Interest Etc
• SCHEDULE 26 National Loans

SCHEDULE 27 Repeals

• Part I Excise Duties
• Part II Value Added Tax
• Part III Income Tax, Corporation Tax and Capital Gains Tax
• Part IV Inheritance Tax
• Part V Other Taxes
• Part VI Miscellaneous