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Contents

Legislation
Finance Act 2016
  • Introduction
  • PART 1 Income tax
  • PART 2 Corporation tax
  • PART 3 Income tax and corporation tax
  • PART 4 Capital gains tax
  • PART 5 Inheritance tax etc
  • PART 6 Apprenticeship levy
  • PART 7 VAT
  • PART 8 SDLT and ATED
  • PART 9 Other taxes and duties
  • PART 10 Tax avoidance and evasion
  • PART 11 Administration, enforcement and supplementary powers
  • PART 12 Office of Tax Simplification
  • PART 13 Final
  • SCHEDULE 1 Abolition of dividend tax credits etc
  • SCHEDULE 2 Sporting testimonial payments
  • SCHEDULE 3 Employee share schemes: minor amendments
  • SCHEDULE 4 Pensions: lump sum allowance and lump sum and death benefit allowance: transitional provision
  • SCHEDULE 5 Pension flexibility
  • SCHEDULE 6 Deduction of income tax at source
  • SCHEDULE 7 Loan relationships and derivative contracts
  • SCHEDULE 8 Tax relief for production of orchestral concerts
  • SCHEDULE 9 Profits from the exploitation of patents etc: consequential
  • SCHEDULE 10 Hybrid and other mismatches
  • SCHEDULE 11 Disposals of non-UK residential property interests
  • SCHEDULE 12 Disposals of residential property interests: gains and losses
  • SCHEDULE 13 Entrepreneurs' relief: “trading company” and “trading group”
  • SCHEDULE 14 Investors' relief
  • SCHEDULE 15 Inheritance tax: increased nil-rate band
  • SCHEDULE 16 Property authorised investment funds and co-ownership authorised contractual schemes
  • SCHEDULE 17 Aqua methanol etc
  • SCHEDULE 18 Serial tax avoidance
  • SCHEDULE 19 Large businesses: tax strategies and sanctions
  • SCHEDULE 20 Penalties for enablers of offshore tax evasion or non-compliance
  • SCHEDULE 21 Penalties relating to offshore matters and offshore transfers
  • SCHEDULE 22 Asset-based penalty for offshore inaccuracies and failures
  • SCHEDULE 23 Simple assessments
  • SCHEDULE 24 Tax advantages constituting the grant of state aid
  • SCHEDULE 25 Office of Tax Simplification
  1. UK legislation
  2. Finance Act 2016

Finance Act 2016

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.

[15th September 2016]

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 to 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 Income tax charge and rates for 2016-17
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