Finance Act 2019

Cited authorities 407

Cited in

Amendments 2

Jurisdiction	UK Non-devolved
Citation	2019 c. 1
Year	2019

Contenidos

Finance Act 2019
PART 1: Direct taxes

Charge to tax

1: Income tax charge for tax year 2019-20
2: Corporation tax charge for financial year 2020

Income tax rates, allowances and limits

3: Main rates of income tax for tax year 2019-20: For the tax year 2019-20 the main rates of income tax are as follows—
4: Default and savings rates of income tax for tax year 2019-20
5: Basic rate limit and personal allowance
6: Starting rate limit for savings for tax year 2019-20

Employment and social security income

7: Optional remuneration arrangements: arrangements for cars and vans
8: Exemption for benefit in form of vehicle-battery charging at workplace
9: Exemptions relating to emergency vehicles
10: Exemption for expenses related to travel
11: Beneficiaries of tax-exempt employer-provided pension benefits
12: Tax treatment of social security income

Chargeable gains: interests in UK land etc

13: Disposals by non-UK residents etc
14: Disposals of UK land etc: payments on account of capital gains tax

International matters

15: Offshore receipts in respect of intangible property
16: Avoidance involving profit fragmentation arrangements
17: Non-UK resident companies carrying on UK property businesses etc: Schedule 5 contains provision for non-UK resident companies to be chargeable to corporation tax on—
18: Diverted profits tax
19: Hybrid and other mismatches: scope of Chapter 8 and “financial instrument”
20: Controlled foreign companies: finance company exemption and control
21: Permanent establishments: preparatory or auxiliary activities
22: Payment of CGT exit charges
23: Corporation tax exit charges: Schedule 8—
24: Group relief etc: meaning of “UK related” company

Corporation tax: miscellaneous

25: Intangible fixed assets: restrictions on goodwill and certain other assets
26: Intangible fixed assets: exceptions to degrouping charges etc
27: Corporation tax relief for carried-forward losses
28: Corporate interest restriction
29: Debtor relationships of company where money lent to connected companies: Schedule 12 makes provision for preventing a mismatch for corporation tax purposes in a case where—

Capital allowances

30: Construction expenditure on buildings and structures
31: Special rate expenditure on plant and machinery
32: Temporary increase in annual investment allowance
33: First-year allowances and first-year tax credits
34: First-year allowance: expenditure on electric vehicle charge points
35: Qualifying expenditure: buildings, structures and land

Leases

36: Changes to accounting standards etc

Oil activities and petroleum revenue tax

37: Oil activities: transferable tax history
38: Petroleum revenue tax: post-transfer decommissioning expenditure

Miscellaneous reliefs

39: Entrepreneurs' relief
40: Gift aid etc: restrictions on associated benefits
41: Charities: exemption for small trades etc

PART 2: Other taxes

Stamp duty land tax

42: Relief for first-time buyers in cases of shared ownership
43: Repayment to first-time buyers in cases of shared ownership
44: Higher rates of tax for additional dwellings etc
45: Exemption in respect of financial institutions in resolution
46: Changes to periods for delivering returns and paying tax

Stamp duty and SDRT

47: Stamp duty: transfers of listed securities and connected persons
47A: Stamp duty: transfers of unlisted securities and connected persons
48: SDRT: listed securities and connected persons
48A: SDRT: unlisted securities and connected persons
49: Stamp duty: exemption in respect of financial institutions in resolution
50: Stamp duty and SDRT: exemptions in respect of share incentive plans

Value added tax

51: Duty of customers to account for tax on supplies
52: Treatment of vouchers
53: Groups: eligibility

Alcohol

54: Rates of duty on cider, wine and made-wine
55: Excise duty on mid-strength cider

Tobacco

56: Rates
57: Tobacco for heating

Vehicle duties

58: VED: rates for light passenger vehicles, light goods vehicles, motorcycles etc
59: VED: taxis capable of zero emissions
60: HGV road user levy

Air passenger duty

61: Rates of duty from 1 April 2020

Gaming

62: Remote gaming duty: rate
63: Gaming duty

Environmental taxes

64: Climate change levy: exemption for mineralogical and metallurgical processes
65: Landfill tax rates

Inheritance tax

66: Residence nil-rate band

Soft drinks industry levy

67: Application of penalty provisions
68: Isle of Man

PART 3: Carbon emissions tax

Introductory

69: Carbon emissions tax

Charge to tax

70: Charge to carbon emissions tax
71: “Reported carbon emissions”
72: “Emissions report” and “reporting period”
73: “Emissions allowance”
74: Liability to pay carbon emissions tax

Administration etc.

75: Power to make further provision about carbon emissions tax
76: Consequential provision

General

77: Interpretation
78: Regulations
79: Commencement and transitional provision

PART 4: Administration and enforcement

Time limits for assessments etc

80: Offshore matters or transfers: income tax and capital gains tax
81: Offshore matters or transfers: inheritance tax

Security deposits

82: Construction industry scheme and corporation tax etc

International agreements

83: Resolution of double taxation disputes
84: International tax enforcement: disclosable arrangements

Payment of unlawful advance corporation tax

85: Interest in respect of unlawful ACT
86: Section 85: supplementary

Voluntary returns

87: Voluntary returns

Interest

88: Interest under section 178 of FA 1989 and section 101 of FA 2009

PART 5: Miscellaneous and final

Regulatory capital securities

89: Regulatory capital securities and hybrid capital instruments: Schedule 20—

EU withdrawal

90: Minor amendments in consequence of EU withdrawal

Preparatory expenditure

91: Emissions reduction trading scheme: preparatory expenditure

Reviews

92: Impact analyses of the anti-avoidance provisions of this Act
93: Review of effectiveness of provisions on tax avoidance
94: Review of public health effects of gaming provisions
95: Review of changes made by sections 80 and 81

Other

96: Interpretation
97: Short title

SCHEDULES

SCHEDULE 1 Section 13
Chargeable gains accruing to non-residents etc

PART 1: Extending cases in which...

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Finance Act 2019

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