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Contents

Legislation
Finance Act 1998
  • Introduction
  • Part I Excise Duties
  • Part II Value Added Tax
  • Part III Income Tax, Corporation Tax and Capital Gains Tax
  • Part IV Inheritance Tax etc.
  • Part V Other Taxes
  • Part VI Miscellaneous and Supplemental
  • 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
  • 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
  • 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
  • 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
  • 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
  1. UK legislation
  2. Finance Act 1998

Finance Act 1998

From legislation.gov.uk

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[31st July 1998]

Most Gracious Sovereign,WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Begin readingSection 1 Rate of duty on beer.
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