Part 1 Excise Duties

Tobacco products duty

• 1 Rates of tobacco products duty

Alcoholic liquor duties

• 2 Rate of duty on beer
• 3 Rates of duty on wine and made-wine

Hydrocarbon oil etc duties

• 4 Consolidation of current rates of hydrocarbon oil duties etc
• 5 Rates of hydrocarbon oil duties etc from 1st September 2005

Gaming duty

• 6 Rates of gaming duty

Vehicle excise duty

• 7 Rates

Part 2 Income Tax, Corporation Tax and Capital Gains Tax

Income tax

• 8 Charge and rates for 2005–06
• 9 Personal allowances for those aged 65 or more

Corporation tax

• 10 Charge and main rate for financial year 2006
• 11 Small companies' rate and fraction for financial year 2005
• 12 Corporation tax starting rate and fraction for financial year 2005
• 13 Non-corporate distribution rate for financial year 2005

Trusts

• 14 Special trust rates not to apply to first slice of trust income

Taxable benefits

• 15 Childcare vouchers: exempt amount
• 16 Extension of exemptions for childcare, workplace parking, cycles etc
• 17 Transfer of previously loaned computer or cycle etc
• 18 Extension of outplacement services etc exemption: part-time employees

Armed forces

• 19 Armed forces pensions and compensation schemes
• 20 Research institution spin-out companies
• 21 Research institution spin-out companies: pre-2nd December 2004 cases
• 22 Capital gains

Introductory

• 23 Introduction
• 24 Entitlement to make claim for special tax treatment

Income tax

• 25 Qualifying trusts income: special income tax treatment
• 26 Amount of relief
• 27 Trustees' liability: TQTI
• 28 Vulnerable person's liability: VQTI
• 29 Part years

Capital gains tax

• 30 Qualifying trusts gains: special capital gains tax treatment
• 31 UK resident vulnerable persons: section 77 treatment
• 32 Non-UK resident vulnerable persons: amount of relief
• 33 Vulnerable person's liability: VQTG

Qualifying trusts

• 34 Disabled persons
• 35 Relevant minors
• 36 Parts of assets

Vulnerable persons

• 37 Vulnerable person election
• 38 Meaning of “disabled person”
• 39 Meaning of “relevant minor”

Miscellaneous and supplementary

• 40 Power to make enquiries
• 41 Interpretation etc
• 42 Application in relation to Scotland
• 43 Penalties under TMA 1970
• 44 Consequential amendments
• 45 Commencement

Introductory

• 46 Alternative finance arrangements

Arrangements giving rise to alternative finance return

• 47 Alternative finance arrangements: alternative finance return
• 48 Arrangements within section 47: foreign currency and non-residents

Arrangements giving rise to profit share return

• 49 Alternative finance arrangements: profit share return

Treatment of alternative finance arrangements

• 50 Treatment of alternative finance arrangements: companies
• 51 Treatment of alternative finance arrangements: persons other than companies
• 52 Provision not at arm's length
• 53 Treatment of section 47 arrangements: sale and purchase of asset
• 54 Section 49 arrangements: profit share return not to be treated as distribution

Supplementary

• 55 Further provisions
• 56 Application of Chapter
• 57 Interpretation of Chapter

Tax relief for limited-budget films

• 58 Relief for production and acquisition expenditure on limited-budget films

Restrictions on relief

• 59 Restrictions on relief for production and acquisition expenditure

Deferred income agreements

• 60 Deferred income agreements which exist when relief claimed
• 61 Meaning of “deferred income agreement in respect of a film”
• 62 Deferred income agreements entered into after relief claimed
• 63 Sections 60 to 62: supplementary
• 64 Transitional provision for years of assessment before the year 2005–06
• 65 Corresponding provision in ITTOIA 2005

Companies benefited by film relief: exit charges

• 66 When a chargeable event occurs
• 67 Consequences of a chargeable event: exit event X or Y
• 68 Exit event Z: a relevant disposal at an undervalue
• 69 Consequences of a chargeable event: exit event Z
• 70 Valuation of the “rights to guaranteed income” and “disposed rights”
• 71 Meaning of “company” and related terms

Partners: restrictions on relief

• 72 Removal of restrictions on interest relief
• 73 Meaning of “contribution to the trade”

Partners: recovery of excess relief

• 74 Recovery of excess relief given under section 380 or 381 of ICTA
• 75 Computing the chargeable amount
• 76 Meaning of “relevant loss”
• 77 Transitional provision for years of assessment before the year 2005–06
• 78 Consequential amendments

Partners benefited by film relief

• 79 Meaning of “capital contribution to the trade”
• 80 Accounting practice and related matters
• 81 Computation of profits: change of accounting basis
• 82 Change of accounting practice: deferment of transitional adjustments
• 83 Application of accounting standards to securitisation companies
• 84 Taxation of securitisation companies

Double taxation relief: general

• 85 Dividends by reference to which a deduction is allowed: no underlying tax

Double taxation relief: restrictions

• 86 Limits on credit: income tax and corporation tax: trading profits
• 87 Schemes and arrangements designed to increase relief
• 88 Self-assessment amendments

Controlled foreign companies

• 89 ADP dividends and double taxation relief
• 90 Foreign taxation of group as single entity: exclusion of ADP CFCs

Annual payments and double taxation relief

• 91 Tax avoidance involving annual payments and double taxation relief

Capital allowances

• 92 Capital allowances: renovation of business premises in disadvantaged areas

Tonnage tax

• 93 Tonnage tax

Part 3 Stamp Taxes

Stamp duty land tax

• 94 Alternative property finance

Stamp duty land tax and stamp duty

• 95 Raising of thresholds
• 96 Removal of disadvantaged areas relief for non-residential property

Stamp duty and stamp duty reserve tax

• 97 Demutualisation of insurance companies

Part 4 Other Taxes

Inheritance tax

• 98 Rates and rate bands for the next three years

Landfill tax

• 99 Rate of landfill tax

Lorry road-user charge

• 100 Lorry road-user charge

Part 5 Pensions etc

• 101 Pension schemes etc
• 102 Pension Protection Fund etc

Part 6 Miscellaneous

• 103 Civil partnerships etc

Part 7 Supplementary Provisions

• 104 Repeals
• 105 Interpretation
• 106 Short title
• SCHEDULE 1 Non-UK Resident Vulnerable Persons: Interpretation
• SCHEDULE 2 Alternative Finance Arrangements: Further Provisions

SCHEDULE 3 Films: Restrictions on Relief for Production and Acquisition Expenditure

• Part 1 Restrictions on Circumstances in which Relief may be Obtained
• Part 2 Restrictions on Amount of Relief which may be Obtained
• Part 3 Minor and Consequential Amendments
• Part 4 Interpretation

SCHEDULE 4 Accounting Practice and Related Matters

• Part 1 Bad Debts and Related Matters
• Part 2 Other Provisions Connected with Accounting Practice
• SCHEDULE 5 Section 804ZA: Prescribed Schemes and Arrangements

SCHEDULE 6 Capital Allowances: Renovation of Business Premises in Disadvantaged Areas

• Part 1 New Part 3A of the Capital Allowances Act 2001
• Part 2 Consequential Amendments

SCHEDULE 7 Tonnage Tax

• Part 1 Amendments of Schedule 22 to FA 2000
• Part 2 Commencement and Transitional Provision
• SCHEDULE 8 Stamp Duty Land Tax: Alternative Property Finance
• SCHEDULE 9 Stamp Duty Land Tax and Stamp Duty: Removal of Disadvantaged Areas Relief for Non-Residential Property
• SCHEDULE 10 Pension Schemes etc

SCHEDULE 11 Repeals

• Part 1 Excise Duties
• Part 2 Income Tax, Corporation Tax and Capital Gains Tax
• Part 3 Stamp Taxes
• Part 4 Pensions etc