Finance Act 2014
Sections and provisions with full text and the judgments that cite each one.
Section 68 — Mineral extraction allowances: expenditure on planning permission
Mineral extraction allowances: expenditure on planning permission 68 1 Part 5 of CAA 2001 (mineral extraction allowances) is amended as follows. 2 In section 396 (meaning of “mineral exploration and…
Section 69 — Extended ring fence expenditure supplement for onshore activities
Extended ring fence expenditure supplement for onshore activities 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 70 — Supplementary charge: onshore allowance
Supplementary charge: onshore allowance 70 Schedule 15 contains provision about the reduction of adjusted ring fence profits by means of an onshore allowance.
Section 71 — Oil and gas: reinvestment after pre-trading disposal
Oil and gas: reinvestment after pre-trading disposal 71 1 In Chapter 2 of Part 6 of TCGA 1992 (oil and mineral industries), after section 198I insert— Oil and gas: reinvestment after pre-trading…
Section 72 — Substantial shareholder exemption: oil and gas
Substantial shareholder exemption: oil and gas 72 1 In Schedule 7AC to TCGA 1992 (exemption for disposals by companies with substantial shareholding), in paragraph 15A (effect of transfer of trading…
Section 73 — Oil contractor activities: ring-fence trade etc
Oil contractor activities: ring-fence trade etc 73 Schedule 16 contains provision about the corporation tax treatment of oil contractor activities.
Section 74 — Partnerships
Partnerships 74 Schedule 17 makes provision in relation to partnerships.
Section 75 — Transfer pricing: restriction on claims for compensation adjustments
Transfer pricing: restriction on claims for compensation adjustments 75 1 Chapter 4 of Part 4 of TIOPA 2010 (transfer pricing: position of disadvantaged person) is amended as follows. 2 In section…
Section 75A — Property becoming subject to employee-ownership trust
Property becoming subject to employee-ownership trust 75A 1 Tax is not charged under section 65 in respect of shares in or securities of a company (“C”) which cease to be relevant property on…
Section 76 — Rates of alcoholic liquor duties
Rates of alcoholic liquor duties 76 1 ALDA 1979 is amended as follows. 2 In section 36(1AA) (rates of general beer duty)— a in paragraph (za) (rate of duty on lower strength beer), for “£9.17”…
Section 77 — Rates of tobacco products duty
Rates of tobacco products duty 77 1 For the table in Schedule 1 to TPDA 1979 substitute— TABLE 1. Cigarettes An amount equal to 16.5% of the retail price plus £184.10 per thousand cigarettes 2.…
Section 78 — Air passenger duty: rates of duty from 1 April 2014
Air passenger duty: rates of duty from 1 April 2014 78 1 Section 30 of FA 1994 (air passenger duty: rates of duty) is amended as follows. 2 In subsection (3)— a in paragraph (a), for “£67” substitute…
Section 79 — Air passenger duty: rates of duty from 1 April 2015
Air passenger duty: rates of duty from 1 April 2015 79 1 Chapter 4 of Part 1 of FA 1994 (air passenger duty) is amended in accordance with subsections (2) to (10). 2 Section 30 (rates of duty), as…
Section 80 — Air passenger duty: adjustments to Part 3 of Schedule 5A to FA 1994
Air passenger duty: adjustments to Part 3 of Schedule 5A to FA 1994 80 1 In Part 3 of Schedule 5A to FA 1994 (air passenger duty: territories)— a omit “Ascension Island”, “Netherlands Antilles” and…
Section 80HA — Report by the Comptroller and Auditor General
Report by the Comptroller and Auditor General 80HA 1 The Comptroller and Auditor General must for each financial year prepare a report on the matters set out in subsection (2). 2 Those matters are— a…
Section 81 — VED rates for light passenger vehicles, light goods vehicles, motorcycles etc
VED rates for light passenger vehicles, light goods vehicles, motorcycles etc 81 1 Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows. 2 In paragraph 1 (general)— a in sub-paragraph…
Section 82 — VED rates: rigid goods vehicle with trailers
VED rates: rigid goods vehicle with trailers 82 1 For paragraph 10 of Schedule 1 to VERA 1994 (supplement to annual rate of duty for rigid goods vehicle with trailer), substitute— 10 1 This paragraph…
Section 83 — VED rates: use for exceptional loads, rigid goods vehicles and tractive units
VED rates: use for exceptional loads, rigid goods vehicles and tractive units 83 1 Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows. 2 In paragraph 6(2A)(a) (vehicles used for…
Section 84 — VED: extension of old vehicles exemption from 1 April 2014
VED: extension of old vehicles exemption from 1 April 2014 84 1 In Schedule 2 to VERA 1994 (exempt vehicles) in paragraph 1A(1) (exemption for old vehicles) for “1973” substitute “ 1974 ” . 2 The…
Section 85 — VED: extension of old vehicles exemption from 1 April 2015
VED: extension of old vehicles exemption from 1 April 2015 85 1 In Schedule 2 to VERA 1994 (exempt vehicles) in paragraph 1A(1) (exemption for old vehicles) for “1974” (as substituted by section 84)…
Section 86 — Abolition of reduced VED rates for meeting reduced pollution requirements
Abolition of reduced VED rates for meeting reduced pollution requirements 86 Schedule 18 contains provision abolishing the reduced rates of vehicle excise duty for vehicles satisfying reduced…
Section 87 — Six month licence: tractive units
Six month licence: tractive units 87 1 In section 3 of VERA 1994 (duration of licences), for subsection (2) substitute— 2 A vehicle licence may be taken out for a vehicle for a period of six months…
Section 88 — Vehicles subject to HGV road user levy: amount of 6 month licence
Vehicles subject to HGV road user levy: amount of 6 month licence 88 1 Section 4 of VERA 1994 (amount of duty) is amended as follows. 2 In subsection (2), for “Where” substitute “ Subject to…
Section 89 — Payment of vehicle excise duty by direct debit
Payment of vehicle excise duty by direct debit 89 1 VERA 1994 is amended as follows. 2 In section 4 (amount of duty) for subsections (1) to (2A) substitute— 1 Where a vehicle licence for a vehicle of…
Section 90 — Definition of “revenue weight”
Definition of “revenue weight” 90 1 VERA 1994 is amended as follows. 2 In section 60A (revenue weight), in subsection (9)(b)— a for “at which” substitute “ which must not be equalled or exceeded in…
Section 91 — Vehicle excise and registration: other provisions
Vehicle excise and registration: other provisions 91 Schedule 19 contains other provisions relating to vehicle excise and registration.
Section 92 — HGV road user levy: rates tables
HGV road user levy: rates tables 92 1 Schedule 1 to the HGV Road User Levy Act 2013 (rates of HGV road user levy) is amended as follows. 2 In paragraph 4, for “is Band G” substitute is— a Band E(T),…
Section 92A — Deductions in relation to salaried members
Deductions in relation to salaried members 92A 1 This section applies in relation to a limited liability partnership if section 1273A(2) (limited liability partnerships: salaried members) applies in…
Section 93 — HGV road user levy: disclosure of information by HMRC
HGV road user levy: disclosure of information by HMRC 93 1 After section 14 of the HGV Road User Levy Act 2013 insert— Disclosure of information by Revenue and Customs 14A 1 Information which is held…
Section 94 — Aggregates levy: removal of certain exemptions
Aggregates levy: removal of certain exemptions 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 94AA — Deductions in relation to salaried members
Deductions in relation to salaried members 94AA 1 This section applies in relation to a limited liability partnership if section 863A(2) (limited liability partnerships: salaried members) applies in…
Section 95 — Aggregates levy: power to restore exemptions
Aggregates levy: power to restore exemptions 95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 96 — Climate change levy: main rates for 2015-16
Climate change levy: main rates for 2015-16 96 1 In paragraph 42(1) of Schedule 6 to FA 2000 (climate change levy: amount payable by way of levy) for the table substitute— TABLE Taxable commodity…
Section 97 — Climate change levy: carbon price support rates for 2014-15 and 2015-16
Climate change levy: carbon price support rates for 2014-15 and 2015-16 97 1 Paragraph 42A of Schedule 6 to FA 2000 (climate change levy: carbon price support rates) is amended as follows. 2 In the…
Section 97ZA — Interpretation of Chapter 3A
Interpretation of Chapter 3A 97ZA In this Chapter— “ company ” includes a limited liability partnership; “ ” means Her Majesty's Revenue and Customs; HMRC “ director ” has the meaning given by…
Section 97ZB — Liability of directors for relevant PAYE debts
Liability of directors for relevant PAYE debts 97ZB 1 This regulation applies in relation to an amount of relevant PAYE debt of a company if the company does not deduct, account for or (as the case…
Section 97ZC — Appeals in relation to personal liability notices
Appeals in relation to personal liability notices 97ZC 1 A person who is served with a personal liability notice in relation to an amount of relevant PAYE debt of a company may appeal against the…
Section 97ZD — Withdrawal of personal liability notices
Withdrawal of personal liability notices 97ZD 1 A personal liability notice is withdrawn if the tribunal quashes it. 2 An officer of Revenue and Customs may withdraw a personal liability notice if…
Section 97ZE — Recovery of sums due under personal liability notice: application of Part 6 of TMA
Recovery of sums due under personal liability notice: application of Part 6 of TMA 97ZE 1 For the purposes of this Chapter, Part 6 of TMA (collection and recovery) applies as if— a the personal…
Section 97ZF — Repayment of surplus amounts
Repayment of surplus amounts 97ZF 1 This regulation applies if— a one or more personal liability notices are served in respect of an amount of relevant PAYE debt of a company, and b the amounts paid…
Section 98 — Climate change levy: carbon price support rates for 2016-17
Climate change levy: carbon price support rates for 2016-17 98 1 In paragraph 42A of Schedule 6 to FA 2000 (climate change levy: carbon price support rates) for sub-paragraph (3) substitute— 3 The…
Section 99 — Climate change levy: exemptions: mineralogical & metallurgical processes etc
Climate change levy: exemptions: mineralogical & metallurgical processes etc 99 Schedule 20 makes provision in relation to climate change levy.
Section 99A — Section 99(4B): “listed” and “recognised growth market”
Section 99(4B): “listed” and “recognised growth market” 99A 1 This section applies for the purposes of section 99(4B). 2 Section 1005(3) to (5) of the Income Tax Act 2007 (meaning of “listed” etc)…
Section 100 — Rates of landfill tax
Rates of landfill tax 100 1 Section 42 of FA 1996 (amount of landfill tax) is amended as follows. 2 In subsection (1)(a) (standard rate), for “£80” substitute “ £82.60 ” . 3 In subsection (2)…
Section 101 — Goods carried as stores
Goods carried as stores 101 Schedule 21 contains provision about goods shipped or carried as stores on ships or aircraft.
Section 102 — Penalties under section 26 of FA 2003: extension to excise duty
Penalties under section 26 of FA 2003: extension to excise duty 102 1 In this section— “ dutiable excise goods ” means goods of a class or description subject to any duty of excise, whether or not…
Section 103 — VAT : special schemes
VAT : special schemes 103 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 104 — VAT: place of belonging
VAT: place of belonging 104 1 Section 9 of VATA 1994 (place where supplier or recipient of services belongs) is amended as follows. 2 In subsection (3)(c), after “usual place of residence” insert “…
Section 105 — VAT: place of supply orders: disapplication of transitional provision
VAT: place of supply orders: disapplication of transitional provision 105 1 Section 97A of VATA 1994 (place of supply orders: transitional provision) is to be ignored for the purpose of giving effect…
Section 106 — VAT: supply of services through agents
VAT: supply of services through agents 106 1 Section 47 of VATA 1994 (agents) is amended as follows. 2 In subsection (3), after “services” insert “ , other than electronically supplied services and…