Finance (No.2) Act 2023
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Application of certain provisions of Principal Act to Parts 4A and 22A of Principal Act | ||
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95. (1) Section 811C(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (v): | ||
“(va) Part 4A,”. | ||
(2) Section 851A(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (aa): | ||
“(ab) Part 4A,”. | ||
(3) Section 858(1)(a) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following subparagraph after subparagraph (iva): | ||
“(ivb) Part 4A,”. | ||
(4) Section 859(1) of the Principal Act is amended, in the definition of “the Revenue Acts”, by the insertion of the following paragraph after paragraph (da): | ||
“(db) Part 4A,”. | ||
(5) Section 865(1) of the Principal Act is amended— | ||
(a) in the definition of “Acts”, by the insertion of “Part 4A,” after “Capital Gains Tax Acts,” and | ||
(b) in the definition of “tax”, by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A)” after “vacant homes tax”. | ||
(6) Section 865B(1) of the Principal Act is amended— | ||
(a) in the definition of “Acts”, by the insertion of the following paragraph after paragraph (c): | ||
“(ca) Part 4A,”, | ||
(b) in the definition of “relevant period”— | ||
(i) in paragraph (f), by the substitution of “arises,” for “arises, and”, | ||
(ii) in paragraph (g), by the substitution of “arises,” for “arises;”, and | ||
(iii) by the insertion of the following paragraphs after paragraph (g): | ||
“(h) in the case of IIR top-up tax (within the meaning of Part 4A), the fiscal year in respect of which the repayment arises, | ||
(i) in the case of UTPR top-up tax (within the meaning of Part 4A), the fiscal year in respect of which the repayment arises, and | ||
(j) in the case of domestic top-up tax (within the meaning of Part 4A), the fiscal year or accounting period, as the case may be, in respect of which the repayment arises;”, | ||
and | ||
(c) in the definition of “tax” by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A)” after “local property tax”. | ||
(7) Section 874A(1) of the Principal Act is amended, in the definition of “the Acts” by the insertion of the following paragraph after paragraph (b): | ||
“(ba) Part 4A,”. | ||
(8) Section 917D(1) of the Principal Act is amended— | ||
(a) in the definition of “Acts” by the insertion of the following after paragraph (f): “(fa) Part 4A,”, | ||
and | ||
(b) in the definition of “tax”, by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A)” after “(within the meaning of the Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023 )”. | ||
(9) Section 949A of the Principal Act is amended— | ||
(a) in the definition of “the Acts” by the insertion of the following after paragraph (b): | ||
“(ba) Part 4A,”, | ||
and | ||
(b) in the definition of “tax”, by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A)” after “(within the meaning of the Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023 )”. | ||
(10) Section 960A of the Principal Act is amended— | ||
(a) in the definition of “Acts”, by the insertion of the following after paragraph (f): “(fa) Part 4A,”, | ||
and | ||
(b) in the definition of “tax”, by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A)” after “(Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023)”. | ||
(11) Section 1002(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following after paragraph (iiia): | ||
“(iiiaa) Part 4A,”. | ||
(12) Section 1006(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following after paragraph (aa): | ||
“(aaa) Part 4A,”. | ||
(13) Section 1077A of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following after paragraph (b): | ||
“(ba) Part 4A,”. | ||
(14) Section 1077F of the Principal Act is amended— | ||
(a) in subsection (1)— | ||
(i) in the definition of “the Acts”, by the substitution of “Parts 4A, 18A, 18B, 18C, 18D, 22A and 22B” for “Parts 18A, 18B, 18C, 18D, 18E, Parts 22A and 22B”, | ||
(ii) by the substitution of the following definition for the definition of “period”; “ | ||
‘period’ means, as the context requires— | ||
(a) a year of assessment, | ||
(b) an accounting period, | ||
(c) a return period within the meaning of section 530, | ||
(d) an income tax month within the meaning of section 983, | ||
(e) a fiscal year or an accounting period within the meaning of Part 4A, or | ||
(f) a year within the meaning of Part 22A;”, | ||
and | ||
(iii) in the definition of “tax”, by the insertion of “or IIR top-up tax, UTPR top-up tax or domestic top-up tax (within the meaning of Part 4A)” after “vacant homes tax”, | ||
and | ||
(b) in subsection (2)(a) by the substitution of the following subparagraph for subparagraph (i): | ||
“(i) a deliberate understatement of— | ||
(I) income, profits or gains, | ||
(II) income tax in respect of emoluments to which Chapter 4 of Part 42 relates, | ||
(III) a liability to IIR top-up tax, UTPR top-up tax or domestic top-up tax (each within the meaning of Part 4A), as the case may be, or | ||
(IV) the market value of a relevant site for the purposes of Chapter 3 of Part 22A,”. | ||
(15) Section 1078(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (ca): | ||
“(caa) Part 4A,”. | ||
(16) Section 1079(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (ca): | ||
“(caa) Part 4A,”. | ||
(17) Section 1086A(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (a): | ||
“(aa) Part 4A,”. | ||
(18) Section 1094(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (ca): | ||
“(caa) Part 4A,”. | ||
(19) Section 1095(1) of the Principal Act is amended, in the definition of “the Acts”, by the insertion of the following paragraph after paragraph (ca): | ||
“(caa) Part 4A,”. | ||
(20) Schedule 29 of the Principal Act is amended in Column 1, by the insertion of the following after “section 653AQ”: | ||
“Section 111AAJ | ||
Section 111AAK | ||
Section 111AAN”. |