DOCSLIB.ORG

Explanatory Notes to Finance Bill 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Explanatory Notes to Finance Bill 2020 Finance Bill Explanatory Notes 19 March 2020 Introduction ............................................................................................................................................ 5 Part 1: Income Tax, Corporation Tax and Capital Gains Tax .......................................................... 6 Clause 1: Income tax charge for tax year 2020 - 21 ............................................................................ 7 Clause 2: Main rates of income tax for tax year 2020- 21 ................................................................. 8 Clause 3: Default and savings rates of income tax for tax year 2020- 21 ........................................ 9 Clause 4: Starting rate limit for savings for tax year 2020-21 ........................................................ 10 Clause 5: Main rate of corporation tax for financial year 2020 ...................................................... 11 Clause 6: Corporation tax: charge and main rate for financial year 2021 .................................... 12 Clause 7: Determining the appropriate percentage for a car: tax year 2020-21 onwards .......... 13 Clause 8: Determining the appropriate percentage for a car: tax year 2020-21 only .................. 15 Clause 9: Determining the appropriate percentage for a car: tax year 2021-22 only .................. 17 Clause 10: Apprenticeship bursaries paid to persons leaving local authority care .................... 19 Clause 11: Tax treatment of certain Scottish social security benefits ............................................ 21 Clause 12: Power to exempt social security benefits from income tax ......................................... 22 Clause 13: Voluntary office-holders: payments in respect of expenses ....................................... 23 Clause 14 and Schedule 1 (Part 1): Loan charge not to apply to loans or quasi-loans made before 9 December 2010 ...................................................................................................................... 25 Clause 15 and Schedule 1 (Part 2): Election for loan charge to be split over three tax years .... 27 Clause 16: Loan charge reduced where underlying liability disclosed but unenforceable ....... 31 Clause 17: Relief from interest on tax payable by a person subject to the loan charge .............. 34 Clause 18: Minor amendments relating to the loan charge ........................................................... 36 Clause 19: Repaying sums paid to HMRC under agreements relating to certain loans etc ...... 38 Clause 20: Operation of the scheme .................................................................................................. 41 Clause 21: Annual allowance: tapered reduction ............................................................................ 44 Clause 22 and Schedule 2: Entrepreneurs’ relief: reduction in lifetime limit .............................. 46 Clause 23: Relief on disposal of private residence .......................................................................... 50 Clause 24 and Schedule 3: Corporate capital losses........................................................................ 53 Clause 25: Quarterly instalment payments ...................................................................................... 65 Clause 26: Relief from CGT for loans to traders .............................................................................. 67 Clause 27: Research and development expenditure credit ............................................................ 68 Clause 28: Structures and buildings allowances: rate of relief ...................................................... 69 Clause 29 and Schedule 4: Structures and buildings allowances: miscellaneous amendments71 Clause 30: Intangible fixed assets: pre-FA 2002 assets etc ............................................................. 74 1 Clause 31 and Schedule 5: Non-UK resident companies carrying on UK property businesses etc ........................................................................................................................................................... 80 Clause 32: Surcharge on banking companies: transferred-in losses ............................................. 82 Clause 33 and Schedule 6: CT payment plans for tax on certain transactions with EEA residents ................................................................................................................................................ 84 Clause 34: Changes to accounting standards affecting leases ....................................................... 88 Clause 35: Enterprise investment scheme: approved investment fund as nominee .................. 89 Clause 36: Gains from contracts for life insurance etc: top slicing relief ...................................... 91 Clause 37: Losses on disposal of shares: abolition of requirement to be UK business .............. 93 Part 2: Digital Services Tax ................................................................................................................. 95 Clause 38: Digital services tax: introduction .................................................................................... 96 Clause 39: Meaning of “digital services revenues” ......................................................................... 97 Clause 40: Meaning of “UK digital services revenues” .................................................................. 98 Clause 41: UK digital services revenues: accommodation and land .......................................... 100 Clause 42: Meaning of “digital services activity” etc. ................................................................... 101 Clause 43: Meaning of “user” and “UK user” ............................................................................... 103 Clause 44: Exclusion for online financial marketplaces ............................................................... 104 Clause 45: Meaning of “the threshold conditions” ....................................................................... 105 Clause 46: Charge to DST ................................................................................................................. 106 Clause 47: Alternative basis of charge ............................................................................................ 107 Clause 48: Section 47: meaning of “relevant operating expenses” ............................................. 108 Clause 49: Relief for certain cross-border transactions ................................................................. 109 Clause 50: When DST is due and payable ...................................................................................... 110 Clause 51: Meaning of “the responsible member” ........................................................................ 111 Clause 52: Continuity of obligations etc where change in the responsible member ................ 112 Clause 53: Duty to notify HMRC when threshold conditions are met ...................................... 113 Clause 54: Duty to notify HMRC of change in relevant information ......................................... 114 Clause 55 and Schedule 7: Duty to file returns .............................................................................. 115 Clause 56: Meaning of “group”, “parent” etc ................................................................................ 118 Clause 57: Section 56: meaning of “relevant entity” ..................................................................... 119 Clause 58: Continuity of a group over time ................................................................................... 120 Clause 59: Treatment of stapled entities ......................................................................................... 121 Clause 60: Accounting periods and meaning of “a group’s accounts” ...................................... 122 Clause 61: Apportionment of revenues or expenses to accounting period ............................... 123 2 Clause 62: Meaning of revenues arising, or expenses recognised, in a period ......................... 124 Clause 63: Meaning of “the applicable accounting standards” etc ............................................. 125 Clause 64: Anti-avoidance ................................................................................................................ 126 Clause 65 and Schedule 8: Notice requiring payment from other group members ................. 127 Clause 66: Interest on overdue DST ................................................................................................ 129 Clause 67: Interest on overpaid DST etc ......................................................................................... 130 Clause 68: Recovery of DST liability ............................................................................................... 131 Clause 69 and Schedule 9: Minor and consequential amendments ............................................ 132 Clause 70: Review of DST ................................................................................................................. 133 Clause 71: Interpretation of Part ...................................................................................................... 134 Part 3: Other Taxes ............................................................................................................................ 135 Clause 72: Excluded property etc .................................................................................................... 136 Clause
Load more

Recommended publications
  • Notes on Finance Bill 2015 Resolutions
    Notes on Finance Bill 2015 Resolutions 1. Amendment of the law Authorises the Finance Bill to contain those provisions which do not impose or increase a tax charge, in particular provisions that give relief from tax or which deal with tax administration. It also restricts the scope for amendments to VAT. 2. Income tax (charge and main rates) Provides for the charge and main rates to apply for the 2015-16 tax year. 3. Income tax (limits and allowances) Provides for the amount of the income limit for the personal allowance for those born before 6 April 1938, the blind person’s allowance, the minimum amount of the tax reduction for married couples and civil partners; the tax reduction for married couples and civil partners and the income limit for the tax reduction for married couples and civil partners for the 2015-16 tax year. 4. Personal allowances for 2015-2016 Provides for the personal allowance for those born after 5 April 1938 and the amount of the transferable tax allowance for married couples and civil partners for 2015-16. 5. Corporation tax (charge and main rate for financial year 2016) Authorises the Finance Bill to contain provision for corporation tax to be charged for the financial year 2016 (the year beginning 1 April 2016) and for that year the main rate to be 20%. 6. Taxable benefits (diesel cars) Provides for the Finance Bill to contain provision for a change to Chapter 6 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003 (taxable benefits: cars, vans and related benefits) to be introduced to increase the maximum appropriate percentage for diesel cars to 37% for the tax year 2015-16.
    [Show full text]
  • Finance Act 1997
    Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 1997. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes Finance Act 1997 1997 CHAPTER 16 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. [19th March 1997] 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:— PART I EXCISE DUTIES Alcoholic liquor duties 1 Rates of duty on spirits and wines of equivalent strength. (1) In section 5 of the M1Alcoholic Liquor Duties Act 1979 (spirits), for “£19.78” there shall be substituted “ £18.99 ”. (2) In Part II of the Table of rates of duty in Schedule 1 to that Act (wine or made-wine of a strength exceeding 22 per cent.), for “19.78” there shall be substituted “ 18.99 ”.
    [Show full text]
  • Gift Aid and Intermediaries
    Gift Aid and Intermediaries Technical Consultation Publication date: 10th August 2016 Closing date for comments: 5th October 2016 Subject of this The Government announced at Autumn Statement 2013 that it would consultation: give intermediaries, operating within the charity sector, a greater role in administering Gift Aid. Scope of this Since then, the Government has published provisions in Finance Bill consultation: 2015 and 2016 to support this aim. The Government has also produced draft secondary legislation which sets out, in detail, the way in which this greater role will work. This consultation sets out those draft Regulations and asks for comments to ensure they achieve the desired outcome. Who should These proposed changes will be of interest to the charity sector, read this: intermediaries who collect donations on the behalf of charities and individuals who donate to charities. Duration: The consultation will run for 8 weeks commencing on 10th August 2016 Lead official: Christopher Maudsley, HM Revenue and Customs How to respond By email please send responses to: or enquire about this [email protected] consultation: By post please send responses to: Intermediaries Consultation Christopher Maudsley Room G45 Charities 100 Parliament Street London SW1A 2BQ Telephone enquiries 03000 518 538 Additional ways The consultation team would be happy to meet with interested parties to be involved: during the consultation period. Please email the team, where there is enough interest a general meeting will be organised in London. After the The Government’s response will be published and draft Regulations will consultation: be made later this year with the intention of coming into effect in April 2017.
    [Show full text]
  • IRC V. Willoughby
    HOUSE OF LORDS Lord Nolan Lord Mustill Lord Hoffmann Lord Clyde Lord Hutton OPINIONS OF THE LORDS OF APPEAL FOR JUDGMENT IN THE CAUSE COMMISSIONERS OF INLAND REVENUE (APPELLANTS) v. WILLOUGHBY (RESPONDENT) (FIRST APPEAL) COMMISSIONERS OF INLAND REVENUE (APPELLANTS) v. WILLOUGHBY (RESPONDENT) (SECOND APPEAL) (CONSOLIDATED APPEALS) ON 10 JULY 1997 LORD NOLAN My Lords, In this appeal the Commissioners of Inland Revenue seek to uphold five assessments to income tax, four of which were made on the respondent Professor Willoughby for the years of assessment 1987/8 to 1990/1 inclusive and the fifth of which was made on his wife, the respondent Mrs. Willoughby, for the year of assessment 1990/1. The assessment upon Professor Willoughby for 1987/8 was made under section 478 of the Income and Corporation Taxes Act 1970. The remaining assessments were made under section 739 of the Income and Corporation Taxes Act 1988, which replaced and re-enacted section 478 of the Act of 1970 without material alteration. The origin of these sections is to be found in section 18 of the Finance Act 1936, a section whose provisions, either in their original or in their re-enacted form, have been considered by your Lordships' House on previous occasions. It will be convenient, and sufficient for all relevant purposes, if as a general rule I refer to these provisions in the form in which they appear in the Act of 1988. Section 739 is the first section in Chapter III of Part XVII of the Act, which is concerned with the transfer of assets abroad.
    [Show full text]
  • Tax Credits Act 2002 (Commencement No 4, Transitional Provisions and Savings) Order 2003
    2003/962 Tax Credits Act 2002 (Commencement No 4, Transitional Provisions and Savings) Order 2003 Made by the Treasury under TCA 2002 ss 61, 62(2) Made 31 March 2003 1 Citation and interpretation (1) This Order may be cited as the Tax Credits Act 2002 (Commencement No 4, Transitional Provisions and Savings) Order 2003. (2) In this Order— “the Act” means the Tax Credits Act 2002; “the 1999 Act” means the Tax Credits Act 1999; and “the superseded tax credits” means working families' tax credit and disabled person's tax credit. 2 Commencement of provisions of the Act (1) Subject to the provisions of articles 3 and 4 (savings and transitional provisions), the provisions of the Act specified in this article shall come into force in accordance with the following paragraphs of this article. (2) Section 47 (consequential amendments), so far as it relates to paragraphs 4 to 7 of Schedule 3, shall come into force on 1st April 2003. (3) The following provisions of the Act shall come into force on 6th April 2003— (a) section 1(3)(a) and (f) (abolition of children's tax credit under section 257AA of the Income and Corporation Taxes Act 1988 and employment credit); (b) section 47, so far as it relates to the provisions of Schedule 3 specified in sub-paragraph (d); (c) section 60 (repeals), so far as it relates to the provisions of Schedule 6 specified in sub-paragraph (e); (d) in Schedule 3 (consequential amendments)— (i) paragraphs 1 to 3, (ii) paragraphs 8 and 9, and (iii) paragraphs 13 to 59; and (e) in Schedule 6, the entries relating to the enactments specified in column 1 of Schedule 1 to this Order to the extent shown in column 2 of that Schedule.
    [Show full text]
  • THE FINANCE ACT No. 10 of 2010 an Act of Parliament to Amend the Law
    211 THE FINANCE ACT No. 10 of 2010 Date of Assent: 21st December, 2010 Date of Commencement: Section 77-24th December, 2010 All Other Sections: See Section 1 An Act of Parliament to amend the law relating to various taxes and duties and for matters incidental thereto ENACTED by the Parliament of Kenya, as follows - PRELIMINARY -PART I 1. This Act may be cited as the Finance Act, 2010 and short title and commencement. shall come into operation, or be deemed to have come into operation, as follows- (a) sections 2, 3, 4, 5, 6, 7, 10, 11(a), 11(c) 12, 13, 14, 15, 16, 17, 18, 19, 20, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 34, 35, 36, 37, 42, 43, 44, 55, 56, 57, 63,71, 73, 74, 75, 78, and 79, on the 1 1th June, 2010; 47, (b) sections 8, 9, 11 (b), 21, 33, 38, 39, 40, 41, 45, 46, 48, 49, 50, 51, 52, 53, 54, 58, 59, 60, 61, 62, 64, 65, 66, 67, 68, 69, 70, 72, 76, 80, 81, 82, 83, 84, 85, 86 and 87, on the 1st January, 2011. CUSTOMS AND EXCISE PART II - and Excise Act is amended in section 2 Amendment of 2. The Customs section 2 of by inserting the following new definitions in proper Cap.472. alphabetical sequence- "information technology" means any equipment or software for use in storing, retrieving , processing or disseminating information; 212 No. 10 Finance 2010 "tax computerized system" means any software or hardware for use in storing, retrieving, processing or disseminating information relating to excise duty.
    [Show full text]
  • Finance Act, 2001 ———————— Arrangement Of
    ———————— Number 7 of 2001 ———————— FINANCE ACT, 2001 ———————— ARRANGEMENT OF SECTIONS PART 1 Income Tax, Corporation Tax and Capital Gains Tax Chapter 1 Interpretation Section 1. Interpretation (Part 1). Chapter 2 Income Tax 2. Tax credits. 3. Alteration of rates of income tax. 4. Age exemption. 5. Amendment of section 122 (preferential loan arrangements) of Principal Act. 6. Amendment of section 126 (tax treatment of certain benefits payable under Social Welfare Acts) of Principal Act. 7. Amendment of section 467 (employed person taking care of incapacitated individual) of Principal Act. 8. Amendment of section 469 (relief for health expenses) of Principal Act. 9. Amendment of section 473 (allowance for rent paid by cer- tain tenants) of Principal Act. 10. Amendment of section 477 (relief for service charges) of Principal Act. [No. 7.] Finance Act, 2001. [2001.] Section 11. Relief for trade union subscriptions. 12. Amendment of Part 16 (income tax relief for investment in corporate trades — business expansion scheme and seed capital scheme) of Principal Act. 13. Employee share ownership trusts — deceased beneficiaries. 14. Amendment of Schedule 13 (accountable persons for pur- poses of Chapter 1 of Part 18) to Principal Act. 15. Approved share option schemes. 16. Amendment of provisions relating to employee share schemes. 17. Provisions relating to certain approved profit sharing schemes and employee share ownership trusts. 18. Amendment of Part 30 (occupational pension schemes, retirement annuities, purchased life annuities and cer- tain pensions) of Principal Act. 19. Amendment of section 470 (relief for insurance against expenses of illness) of Principal Act. 20. Relief for premiums under qualifying long-term care policies, etc.
    [Show full text]
  • Tax Dictionary T
    Leach’s Tax Dictionary. Version 9 as at 5 June 2016. Page 1 T T Tax code Suffix for a tax code. This suffix does not indicate the allowances to which a person is entitled, as do other suffixes. A T code may only be changed by direct instruction from HMRC. National insurance National insurance contribution letter for ocean-going mariners who pay the reduced rate. Other meanings (1) Old Roman numeral for 160. (2) In relation to tapered reduction in annual allowance for pension contributions, the individual’s adjusted income for a tax year (Finance Act 2004 s228ZA(1) as amended by Finance (No 2) Act 2015 Sch 4 para 10). (3) Tesla, the unit of measure. (4) Sum of transferred amounts, used to calculate cluster area allowance in Corporation Tax Act 2010 s356JHB. (5) For the taxation of trading income provided through third parties, a person carrying on a trade (Income Tax (Trading and Other Income) Act 2005 s23A(2) as inserted by Finance (No 2) Act 2017 s25(2)). (6) For apprenticeship levy, the total amount of levy allowance for a company unit (Finance Act 2016 s101(7)). T+ Abbreviation sometimes used to indicate the number of days taken to settle a transaction. T$ (1) Abbreviation: pa’anga, currency of Tonga. (2) Abbreviation: Trinidad and Tobago dollar. T1 status HMRC term for goods not in free circulation. TA (1) Territorial Army. (2) Training Agency. (3) Temporary admission, of goods for Customs purposes. (4) Telegraphic Address. (5) In relation to residence nil rate band for inheritance tax, means the amount on which tax is chargeable under Inheritance Tax Act 1984 s32 or s32A.
    [Show full text]
  • HC 138 Published on 27 January 2005 by Authority of the House of Commons London: the Stationery Office Limited £17.50
    House of Commons Treasury Committee The 2004 Pre–Budget Report First Report of Session 2004–05 Report, together with formal minutes, oral and written evidence Ordered by The House of Commons to be printed 17 January 2005 HC 138 Published on 27 January 2005 by authority of the House of Commons London: The Stationery Office Limited £17.50 The Treasury Committee The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of the HM Treasury and its associated public bodies. Current membership Rt Hon John McFall MP (Labour, Dumbarton) (Chairman) Mr Nigel Beard MP (Labour, Bexleyheath and Crayford) Mr Jim Cousins MP (Labour, Newcastle upon Tyne Central) Angela Eagle MP (Labour, Wallasey) Mr Michael Fallon MP (Conservative, Sevenoaks) Rt Hon David Heathcoat-Amory MP (Conservative, Wells) Norman Lamb MP (Liberal Democrat, Norfolk North) John Mann MP (Labour, Bassetlaw) Mr George Mudie MP (Labour, Leeds East) Mr James Plaskitt MP (Labour, Warwick and Leamington) Mr Robert Walter MP (Conservative, North Dorset) Powers The Committee is one of the departmental select committees, the powers of which are set out in the House of Commons Standing Orders, principally in SO No. 152. These are available on the Internet via www.parliament.uk The Committee has power to appoint a Sub-committee, which has similar powers to the main Committee, except that it reports to the main Committee, which then reports to the House. All members of the Committee are members of the Sub- committee, and its Chairman is Mr Michael Fallon. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House.
    [Show full text]
  • Taxation of Crypto Assets
    Taxation of Crypto Assets Edited by Niklas Schmidt Jack Bernstein Stefan Richter Lisa Zarlenga Published by: Kluwer Law International B.V. PO Box 316 2400 AH Alphen aan den Rijn The Netherlands E-mail: [email protected] Website: lrus.wolterskluwer.com Sold and distributed by: Wolters Kluwer Legal & Regulatory U.S. 7201 McKinney Circle Frederick, MD 21704 United States of America Email: [email protected] Printed on acid-free paper. ISBN 978-94-035-2350-7 e-Book: ISBN 978-94-035-2351-4 web-PDF: ISBN 978-94-035-2352-1 © 2021 Niklas Schmidt, Jack Bernstein, Stefan Richter & Lisa Zarlenga All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the publisher. Permission to use this content must be obtained from the copyright owner. More information can be found at: lrus.wolterskluwer.com/policies/permissions-reprints-and-licensing Printed in the United Kingdom. Editors Jack Bernstein is the Senior Tax Partner at Aird & Berlis LLP in Toronto and Chair of the firm’s International Tax practice. Jack is well known in international tax planning, mergers and acquisitions, corporate restructuring, reorganizations and financing. He is experienced in dealing with public and private corporations and has advised hedge funds, venture capital funds and real estate funds. He also has extensive experience in advising high-net-worth private clients on international, cross-border and domestic estate and tax planning. An authority on multijurisdictional matters and a prolific writer and speaker, Jack regularly contributes to leading tax publications globally, including Tax Notes International.
    [Show full text]
  • ———————— Number 9 of 2012 ———————— FINANCE ACT 2012 ———————— ARRANGEMENT of SECT
    ———————— Number 9 of 2012 ———————— FINANCE ACT 2012 ———————— ARRANGEMENT OF SECTIONS PART 1 Income Levy, Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax Chapter 1 Interpretation Section 1. Interpretation (Part 1). Chapter 2 Universal Social Charge 2. Universal social charge: miscellaneous amendments. 3. Universal social charge: surcharge on use of property incentives. Chapter 3 Income Levy and Income Tax 4. Share-based remuneration. 5. Amendment of Schedule 23A (specified occupations and professions) to Principal Act. 6. Amendment of section 470B (age-related relief for health insurance premiums) of Principal Act, etc. 7. Amendment of section 126 (tax treatment of certain benefits payable under Social Welfare Acts) of Principal Act. 8. Relief for key employees engaged in research and develop- ment activities. 9. Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act. 1 [No. 9.]Finance Act 2012. [2012.] 10. Amendment of section 472A (relief for the long term unemployed) of Principal Act. 11. Amendment of section 473A (relief for fees paid for third level education, etc.) of Principal Act. 12. Deduction for income earned in certain foreign states. 13. Amendment of section 825B (repayment of tax where earn- ings not remitted) of Principal Act. 14. Special assignee relief programme. 15. Provisions relating to PAYE. 16. Changes relating to tax relief for lessors, carried forward losses and balancing charges. 17. Provisions in relation to property incentives and capital allowances. 18. Retirement benefits. Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax 19. Amendment of section 176 (purchase of unquoted shares by issuing company or its subsidiary) of Principal Act.
    [Show full text]
  • Number 30 of 2018 Finance Act 2018
    Number 30 of 2018 Finance Act 2018 Number 30 of 2018 FINANCE ACT 2018 CONTENTS PART 1 UNIVERSAL SOCIAL CHARGE, INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX CHAPTER 1 Interpretation Section 1. Interpretation (Part 1) CHAPTER 2 Universal Social Charge 2. Amendment of section 531AN of Principal Act (rate of charge) CHAPTER 3 Income Tax 3. Amendment of section 15 of Principal Act (rate of charge) 4. Amendment of section 472AB of Principal Act (earned income tax credit) 5. Amendment of section 466A of Principal Act (home carer tax credit) 6. Amendment of section 191 of Principal Act (taxation treatment of Hepatitis C compensation payments) 7. Exemption of certain childcare support payments 8. Certain benefits in kind: members of the Permanent Defence Force 9. Benefit in kind: relief relating to electric vehicles 10. Amendment of section 985A of Principal Act (application of section 985 to certain perquisites, etc.) 11. Amendment of section 128F of Principal Act (key employee engagement programme) 12. Retirement benefits 13. Amendment of section 126 of Principal Act (tax treatment of certain benefits payable under Social Welfare Acts) 14. Relief arising in special circumstances 15. Amendment of section 825C of Principal Act (special assignee relief programme) 1 [No. 30.] Finance Act 2018. [2018.] CHAPTER 4 Income Tax, Corporation Tax and Capital Gains Tax 16. Taxation of payments under Magdalen Restorative Justice Ex-Gratia Scheme 17. Amendment of section 285A of, and Schedule 4A to, Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment) 18. Acceleration of wear and tear allowances for gas vehicles and refuelling equipment 19.
    [Show full text]