Finance Act 2000
| Jurisdiction | UK Non-devolved |
| Citation | 2000 c. 17 |
| Year | 2000 |
Finance Act 2000
CHAPTER 17
ARRANGEMENT OF SECTIONS
Part I
Excise duties
Alcoholic liquor duties
Section
1.Rate of duty on beer.
2.Rates of duty on cider.
3.Rates of duty on wine and made-wine.
Hydrocarbon oil duties
4.Rates of duty and rebate on hydrocarbon oil.
5.Ultra low sulphur petrol.
6.Mixing of rebated light oils.
7.Power to amend definitions of types of hydrocarbon oil.
8.Penalties for misuse of rebated heavy oil.
9.Use of rebated heavy oil as fuel.
10.Rebates, marking and reliefs.
11.Emulsions of water in gas oil.
Tobacco products duty
12.Rates of tobacco products duty.
13.Basis of calculation of ad valorem element of duty on cigarettes.
14.Fiscal marks on tobacco products.
15.Management of excise duty on tobacco products.
Gaming duty
16.Rates of gaming duty.
Amusement machine licence duty
17.Amusement machine licence duty.
Air passenger duty
18.Rates of duty.
19.Changes in exemption from duty.
ii c. 17 Finance Act 2000
Vehicle excise duty
Section
20.Threshold for reduced general rate.
21.Increase in general rate.
22.Rates of duty for new cars and vans.
23.Enforcement provisions for graduated rates.
24.Rates of duty for goods vehicles.
Enforcement of duties
25.Power to search premises.
26.Power to search articles.
27.Security for customs and excise duties.
28.Civil penalties for breach of excise duty requirements.
29.Correction of reference.
Part II
Climate change levy
30.Climate change levy.
Part III
Income Tax,Corporation Tax and Capital Gains Tax
Chapter I
Charge and rates
Income tax
31.Charge and rates for 2000-01.
32.Extension of starting rate to savings income of individuals.
33.Deduction of income tax from foreign dividends.
34.Children’s tax credit.
Corporation tax
35.Charge and main rate for financial year 2001.
36.Small companies’ rate for financial year 2000.
Capital gains tax
37.Application of starting rate to capital gains tax.
Chapter II
Other provisions
Giving to charity
38.Payroll deduction scheme.
39.Gift aid payments by individuals.
40.Gift aid payments by companies.
41.Covenanted payments to charities.
42.Millennium gift aid.
43.Gifts of shares and securities to charities etc.
44.Gifts to charity from certain trusts.
45.Loans to charities.
46.Exemption for small trades etc.
iii
c. 17Finance Act 2000
Employee share ownership
Section
47.Employee share ownership plans.
48.Relief for transfers to employee share ownership plans.
49.Phasing out of approved profit sharing schemes.
50.Phasing out of relief for payments to trustees of profit sharing
schemes.
51.Approved profit sharing scheme: other awards of shares.
52.Approved profit sharing schemes: restriction on type of shares.
53.Approved profit sharing schemes: loan arrangements.
54.Employee share ownership trusts.
55.Shares transferred from employee share ownership trust.
56.Further provisions about share options.
Other provisions about employment
57.Benefits in kind: deregulatory amendments.
58.Education and training.
59.Cars available for private use.
60.Provision of services through intermediary.
Pension schemes
61.Occupational and personal pension schemes.
Enterprise incentives
62.Enterprise management incentives.
63.Corporate venturing scheme.
64.Enterprise investment scheme: amendments.
65.Venture capital trusts: amendments.
66.Taper relief: taper for business assets.
67.Taper relief: assets qualifying as business assets.
Research and development
68.Meaning of “research and development”.
69.Tax relief for expenditure on research and development.
Capital allowances
70.First year allowances for small or medium-sized enterprises.
71.First year allowances for ICT expenditure by small enterprises.
72.Expenditure of a small enterprise.
73.Repeal of notification requirements.
74.Pool for certain leased assets and inexpensive cars.
75.Machinery and plant allowances for non-residents etc.
76.Production animals.
77.Sale and leaseback.
78.Meaning of “fixture”.
79.Leased assets under the Affordable Warmth Programme.
80.Fixtures and machinery and plant on hire-purchase etc.
81.Production sharing contracts.
Tonnage tax
82.Tonnage tax.
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