FINAK - Finance Act 2016 Explained
- PART 1 Universal Social Charge, Income Tax, Corporation Tax And Capital Gains Tax
- Chapter 3 Income Tax
- 3. Exemption in respect of certain expense payments for resident relevant directors
- 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. Fisher tax credit
- 7. Amendment of section 480A of Principal Act (relief on retirement for certain income of certain sportspersons)
- 8. Amendment of section 477B of Principal Act (home renovation incentive)
- 9. Help to Buy
- 10. Amendment of section 825C of Principal Act (special assignee relief programme)
- 11. Amendment of section 823A of Principal Act (deduction for income earned in certain foreign states)
- 12. Amendment of section 472AA of Principal Act (relief for long-term unemployed starting a business)
- 13. Amendment of section 216A of Principal Act (rent-a-room relief)
- 14. Retirement benefits
- Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax
- 15. Living City Initiative
- 16. Amendment of section 97 of Principal Act (computational rules and allowable deductions)
- 17. Amendment of section 285A of Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment)
- 18. Amendment of section 657 of Principal Act (averaging of farm profits)
- 19. Amendment of section 288 of Principal Act (balancing allowances and balancing charges)
- 20. Employment and investment incentive and seed capital scheme relief
- 21. Amendment of Part 8 of Principal Act (annual payments, charges and interest)
- 22. Amendment of section 110 of Principal Act (securitisation)
- 23. Amendment of Part 27 of Principal Act (unit trusts and offshore funds)
- Chapter 6 Capital Gains Tax
- 26. Amendment of section 597AA of Principal Act (revised entrepreneur relief)
- 27. Non-resident trusts
- 28. Amendment of section 598 of Principal Act (disposals of business or farm on “retirement”)
- 29. Amendment of section 604B of Principal Act (relief for farm restructuring)
- 30. Amendment of section 613 of Principal Act (miscellaneous exemptions for certain kinds of property)
- PART 2 Excise
- 31. Amendment of Chapter 1 of Part 2 of Finance Act 2001 (interpretation, liability and payment)
- 32. Amendment of Chapter 2A of Part 2 of Finance Act 2001 (intra-European Union movement under a suspension arrangement)
- 33. Amendment of section 122 of Finance Act 2001 (offences in relation to false returns, claims, etc.)
- 34. Amendment of Chapter 5 of Part 2 of Finance Act 2001 (miscellaneous)
- 35. Amendment of Chapter 4 of Part 2 of Finance Act 2001 (powers of officers)
- 36. Rates of tobacco products tax
- 37. Amendment of section 78A of Finance Act 2003 (relief for small breweries)
- 38. Amendment of Chapter 1 of Part 2 of Finance Act 1999 (mineral oil tax)
- 39. Amendment of section 97 of Finance Act 2001 (excisable products (Part 2))
- 40. Amendment of section 67 of Finance Act 2010 (charging and rates of natural gas carbon tax)
- 41. Amendment of Chapter 2 of Part 3 of Finance Act 2010 (natural gas carbon tax)
- 42. Amendment of Chapter 3 of Part 3 of Finance Act 2010 (solid fuel carbon tax)
- 43. Amendment of section 100 of Finance Act 1999 (mineral oil tax)
- 44. Amendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.)
- PART 6 Miscellaneous
- 54. Interpretation (Part 6)
- 55. Tax treatment of married persons and civil partners
- 56. Penalties for deliberately or carelessly making incorrect returns, etc.
- 57. Amendment of section 1086 of Principal Act (publication of names of tax defaulters)
- 58. Care and management of taxes and duties
- 59. Short title, construction and commencement