Finance Act 2014
Sections and provisions with full text and the judgments that cite each one.
Section 225A — Effect of notice: surrender of losses ineffective, etc
Effect of notice: surrender of losses ineffective, etc 225A 1 This section applies where— a an accelerated payment notice is given (and not withdrawn), and b an amount is specified in the notice in…
Section 225E — Disposals by disabled persons or persons in care homes etc
Disposals by disabled persons or persons in care homes etc 225E 1 This section applies where a gain to which section 222 applies accrues to an individual and— a the conditions in subsection (2) are…
Section 226 — Penalty for failure to pay accelerated payment
Penalty for failure to pay accelerated payment 226 1 This section applies where an accelerated payment notice is given by virtue of section 219(2)(a) (notice given while tax enquiry is in progress)…
Section 227 — Withdrawal, modification or suspension of accelerated payment notice
Withdrawal, modification or suspension of accelerated payment notice 227 1 In this section a “ Condition C requirement ” means one of the requirements set out in Condition C in section 219. 2 Where…
Section 227A — Group relief claims after accelerated payment notices
Group relief claims after accelerated payment notices 227A 1 This section applies where as a result of an accelerated payment notice given to P— a P was prevented from consenting to a claim for group…
Section 228 — Accelerated partner payments
Accelerated partner payments 228 Schedule 32 makes provision for accelerated partner payments and modifies this Chapter in relation to partnerships.
Section 229 — Defined terms used in Chapter 3
Defined terms used in Chapter 3 229 In this Chapter— “ the accelerated payment ” has the meaning given by section 223(2); “ accelerated payment notice ” has the meaning given by section 219(1); “…
Section 230 — Special case: stamp duty land tax
Special case: stamp duty land tax 230 1 This section applies to modify the application of this Part in the case of— a a return or claim in respect of stamp duty land tax, or b a tax appeal within…
Section 231 — Special case: annual tax on enveloped dwellings
Special case: annual tax on enveloped dwellings 231 1 This section applies to modify the application of this Part in the case of— a a return or claim in respect of annual tax on enveloped dwellings,…
Section 232 — Extension of this Part by order
Extension of this Part by order 232 1 The Treasury may by order amend section 200 (definition of “relevant tax”) so as to extend this Part to any other tax. 2 An order under this section may include—…
Section 233 — Consequential amendments
Consequential amendments 233 Schedule 33 contains consequential amendments.
Section 234 — Meaning of “relevant proposal” and “relevant arrangements”
Meaning of “relevant proposal” and “relevant arrangements” 234 1 “ Relevant proposal ” means a proposal for arrangements which (if entered into) would be relevant arrangements (whether the proposal…
Section 235 — Carrying on a business “as a promoter”
Carrying on a business “as a promoter” 235 1 A person carrying on a business in the course of which the person is, or has been, a promoter in relation to a relevant proposal or relevant arrangements…
Section 236 — Meaning of “intermediary”
Meaning of “intermediary” 236 For the purposes of this Part a person (“A”) is an intermediary in relation to a relevant proposal if— a A communicates information about the relevant proposal to…
Section 236A — Power to give stop notices
Power to give stop notices 236A 1 An authorised officer may give a person a notice (a “stop notice”) if the authorised officer suspects that the recipient promotes, or has promoted, arrangements of a…
Section 236B — Effect of stop notices
Effect of stop notices 236B 1 A person subject to a stop notice must not promote— a any arrangements that meet the description specified in the notice or that have a similar form or effect to…
Section 236C — Quarterly returns
Quarterly returns 236C 1 A person subject to a stop notice must provide a return to HMRC containing the information described in subsection (4) for each relevant period. 2 The first relevant period…
Section 236D — Withdrawal of stop notices
Withdrawal of stop notices 236D 1 A person subject to a stop notice may make a request for the notice to cease to have effect in relation to that person if the person— a does not intend to promote,…
Section 236E — Appeal against decision not to withdraw stop notice
Appeal against decision not to withdraw stop notice 236E 1 A person may appeal against a refusal by an authorised officer to grant a request that a stop notice cease to have effect in relation to…
Section 236F — Suspension of stop notice pending appeal
Suspension of stop notice pending appeal 236F 1 A person who makes an appeal under section 236E may make a suspension request. 2 A “suspension request” is a request that a stop notice which is the…
Section 236G — Automatic withdrawal of certain stop notices
Automatic withdrawal of certain stop notices 236G 1 This section applies to a stop notice if— a condition A in section 236A was met in relation to the giving of that notice as a result of the…
Section 236H — Publication
Publication 236H 1 An authorised officer may publish— a the fact that a person is subject to a stop notice; b details of any arrangements or proposal for arrangements promoted by that person that the…
Section 236I — Publication where stop notice automatically withdrawn
Publication where stop notice automatically withdrawn 236I 1 Where an authorised officer has published anything under section 236H in relation to a stop notice that has ceased to have effect as a…
Section 236J — Disclosure to clients and intermediaries
Disclosure to clients and intermediaries 236J 1 A person (“P”) subject to a stop notice who (at any time) has promoted arrangements falling within the description specified in that notice, or has…
Section 236K — Notification of interested persons by HMRC
Notification of interested persons by HMRC 236K 1 This section applies if an authorised officer suspects that a person subject to a stop notice has failed to comply with section 236B(1). 2 Where this…
Section 236L — Cases in which all-employee benefit requirement treated as met
Cases in which all-employee benefit requirement treated as met 236L 1 A settlement which would not otherwise meet the all-employee benefit requirement at any time is treated as meeting that…
Section 236M — Controlling interest requirement
Controlling interest requirement 236M 1 A settlement meets the controlling interest requirement if— a the trustees— i hold more than 50% of the ordinary share capital of C, and ii have powers of…
Section 236N — Limited participation requirement
Limited participation requirement 236N 1 The limited participation requirement is met if Conditions A and B are met. 2 Condition A is that there was no time in the period of 12 months ending…
Section 236O — No section 236H relief if disqualifying event in next tax year
No section 236H relief if disqualifying event in next tax year 236O 1 This section applies where— a a disposal is made in circumstances where paragraphs (a) and (b) of section 236H(1) are satisfied,…
Section 236P — Events which trigger deemed disposal and reacquisition by trustees
Events which trigger deemed disposal and reacquisition by trustees 236P 1 Where the trustees of a settlement acquire any ordinary share capital in a tax year in circumstances where section 236H…
Section 236Q — Relief for deemed disposals under section 71
Relief for deemed disposals under section 71 236Q 1 This section applies where— a a deemed disposal arises under section 71(1) by reason of the trustees of a settlement (“the acquiring settlement”)…
Section 236R — No section 236Q relief if disqualifying event in next tax year
No section 236Q relief if disqualifying event in next tax year 236R 1 This section applies where— a a deemed disposal arises in circumstances where paragraphs (a) to (c) of section 236Q(1) are…
Section 236S — Identification of shares where section 236H or 236Q applies
Identification of shares where section 236H or 236Q applies 236S 1 This section applies where the trustees of a settlement hold— a shares which were— i acquired in circumstances where section 236H…
Section 236T — Further provision about significant and controlling interests
Further provision about significant and controlling interests 236T 1 This section applies for the purposes of— a section 236L(2) (trustees hold a significant interest in C), and b section 236M…
Section 236U — Interpretation of sections 236H to 236U
Interpretation of sections 236H to 236U 236U 1 In sections 236H to 236T and this section— “ company ” has the meaning given by section 170(9); “ ordinary share capital ” has the meaning given by…
Section 237 — Duty to give conduct notice
Duty to give conduct notice 237 1 Subsections (5) to (9) apply if an authorised officer becomes aware at any time that a person ( “ P ” ) who is carrying on a business as a promoter— a has, in the…
Section 237A — Duty to give conduct notice: defeat of promoted arrangements
Duty to give conduct notice: defeat of promoted arrangements 237A 1 If an authorised officer becomes aware at any time (“ the relevant time ”) that a person ( “ P ” ) who is carrying on a business as…
Section 237B — Duty to give further conduct notice where provisional notice not complied with
Duty to give further conduct notice where provisional notice not complied with 237B 1 An authorised officer must give a conduct notice to a person (“P”) who is carrying on a business as a promoter…
Section 237C — When a conduct notice given under section 237A(8) is “provisional”
When a conduct notice given under section 237A(8) is “provisional” 237C 1 This section applies to a conduct notice which— a is given to a person under section 237A(8), and b relies on a Case 3…
Section 237D — Judicial ruling upholding asserted tax advantage: effect on conduct notice which is provisional
Judicial ruling upholding asserted tax advantage: effect on conduct notice which is provisional 237D 1 Subsection (2) applies if at any time— a a conduct notice which relies on a Case 3 relevant…
Section 238 — Contents of a conduct notice
Contents of a conduct notice 238 1 A conduct notice is a notice requiring the person to whom it has been given (“ the recipient ”) to comply with conditions specified in the notice. 2 Before deciding…
Section 239 — Section 238: supplementary
Section 238: supplementary 239 1 In section 238 the following expressions are to be interpreted as follows. 2 “ Adequate ” means adequate having regard to what it might be reasonable for a client or…
Section 239A — Conduct notices: transferees
Conduct notices: transferees 239A 1 This section applies if an authorised officer becomes aware at any time that a person to whom a conduct notice has been given ( “ P ” ) has made a relevant…
Section 240 — Amendment , withdrawal or reissue of conduct notice
Amendment , withdrawal or reissue of conduct notice 240 1 This section applies where a conduct notice has been given to a person. 2 An authorised officer may at any time amend the notice. 3 An…
Section 241 — Duration of conduct notice
Duration of conduct notice 241 1 A conduct notice has effect from the date specified in it as its commencement date. 2 A conduct notice ceases to have effect— a at the end of the relevant period…
Section 241A — Defeat notices
Defeat notices 241A 1 This section applies in relation to a person (“P”) only if P is carrying on a business as a promoter. 2 An authorised officer, or an officer of Revenue and Customs with the…
Section 241B — Judicial ruling upholding asserted tax advantage: effect on defeat notice
Judicial ruling upholding asserted tax advantage: effect on defeat notice 241B 1 If the relevant defeat to which a single defeat notice relates is overturned (see subsection (5)), the notice has no…
Section 242 — Monitoring notices: duty to apply to tribunal
Monitoring notices: duty to apply to tribunal 242 1 If— a a conduct notice has effect in relation to a person who is carrying on a business as a promoter, and b an authorised officer determines that…
Section 243 — Monitoring notices: tribunal approval
Monitoring notices: tribunal approval 243 1 On an application under section 242, the tribunal may approve the giving of a monitoring notice only if— a the tribunal is satisfied that, in the…
Section 244 — Monitoring notices: content and issuing
Monitoring notices: content and issuing 244 1 Where the tribunal has approved the giving of a monitoring notice, the authorised officer must give the notice to the person to whom it relates. 2 A…