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This is our most popular package with UK residents, and includes:

The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;

The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);

The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;

The government fee for incorporation is included in the price of this package;

The following documents, which need to be printed and signed, will be emailed to you upon formation of your company:

A certificate of incorporation (requires PDF file reader);

The memorandum & articles of association (requires MS-Word file reader);

The first meeting of the board of directors (requires MS-Word file reader);

Share certificates and a company register.

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Royal ArmsFinance (No. 2) Act 2005

2005 Chapter 22


 

© Crown Copyright 2005

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The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

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The text of this Internet version of the Act is published by the Queen's Printer of Acts of Parliament and has been prepared to reflect the text as it received Royal Assent. A print version is also available and is published by The Stationery Office Limited as the Finance (No. 2) Act 2005, ISBN 0 10 542205 3.

 

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.


  
Finance (No. 2) Act 2005

2005 Chapter 22

 
 
 
CONTENTS

PART 1
VALUE ADDED TAX
Section 
1Goods subject to warehousing regime: place of acquisition or supply
2Cars: determination of consideration for fuel supplied for private use
3Credit for, or repayment of, overstated or overpaid VAT
4Section 3: consequential and supplementary provision
5Reverse charge: gas and electricity valuation
6Disclosure of value added tax avoidance schemes

PART 2
INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX
CHAPTER 1
PERSONAL TAXATION
Social security pension lump sums
7Charge to income tax on lump sum
8Meaning of "applicable year of assessment" in section 7
9Interpretation and commencement
10Consequential amendments

Gift aid
11Donations to charity by individuals

Employee securities
12Employee securities: anti-avoidance

CHAPTER 2
SCIENTIFIC RESEARCH ORGANISATIONS
13Corporation tax exemption for organisations
14Income tax deduction for payments to organisations
15Corporation tax deduction for payments to organisations

CHAPTER 3
AUTHORISED INVESTMENT FUNDS ETC
16Open-ended investment companies
17Authorised unit trusts and open-ended investment companies
18Section 17(3): specific powers
19Section 17: commencement and procedure
20Unauthorised unit trusts: chargeable gains
21Unit trusts: treatment of accumulation units
22Section 349B ICTA: exemption for distributions to PEP/ISA managers
23Offshore funds

CHAPTER 4
AVOIDANCE INVOLVING TAX ARBITRAGE
24Deduction cases
25Rules relating to deductions
26Receipts cases
27Rule as to qualifying payment
28Notices under sections 24 and 26
29Amendments relating to company tax returns
30Interpretation
31Commencement

CHAPTER 5
CHARGEABLE GAINS
Residence, location of assets etc
32Temporary non-residents
33Trustees both resident and non-resident in a year of assessment
34Location of assets etc

Miscellaneous
35Exercise of options etc
36Notional transfers within a group

CHAPTER 6
MISCELLANEOUS
Accounting practice and related matters
37Accounting practice and related matters

Financial avoidance etc
38Charges on income for the purposes of corporation tax
39Avoidance involving financial arrangements

Financing of companies etc
40Transfer pricing and loan relationships

Intangible fixed assets
41Intangible fixed assets

Insurance companies etc
42Insurance companies etc

International matters
43Implementation of the amended Parent/Subsidiary Directive
44Territories with a lower level of taxation: reduction of amount of local tax

Miscellaneous
45Lloyd's underwriters: assessment and collection of tax
46Energy Act 2004 and Health Protection Agency Act 2004

PART 3
STAMP TAXES
Stamp duty land tax
47E-conveyancing
48Disclosure of information contained in land transaction returns
49Miscellaneous amendments

Stamp duty and stamp duty reserve tax
50Power to extend exceptions relating to recognised exchanges

PART 4
EUROPEAN COMPANY STATUTE
51Chargeable gains
52Intangible fixed assets
53Intangible fixed assets: permanent establishment in another member State
54Loan relationships
55Derivative contracts
56Capital allowances
57Stamp duty reserve tax
58Bearer instruments: stamp duty and stamp duty reserve tax
59Consequential amendments
60Residence
61Continuity for transitional purposes
62Groups
63Groups: intangible fixed assets
64Held-over gains
65Restrictions on set-off of pre-entry losses

PART 5
MISCELLANEOUS MATTERS
66Vehicle excise duty: late renewal supplements
67Reorganisation of water and sewerage services in Northern Ireland
68EU Mutual Assistance Directive: notifications
69Abolition of statutory adjudicator for National Savings and Investments

PART 6
SUPPLEMENTARY PROVISIONS
70Repeals
71Interpretation
72Short title
 

 
    Schedule 1-Disclosure of value added tax avoidance schemes
    Schedule 2-Employee securities: anti-avoidance
    Schedule 3-Qualifying scheme
    Part 1-Introductory
    Part 2-Schemes involving hybrid entities
    Part 3-Schemes involving hybrid effect
    Part 4-Schemes involving hybrid effect and connected persons
    Schedule 4-Chargeable gains: location of assets etc
    Part 1-Location of assets
    Part 2-Minor amendments: non-resident company with UK permanent establishment
    Part 3-Commencement
    Schedule 5-Chargeable gains: options
    Part 1-Application of market value rule in case of exercise of option
    Part 2-Miscellaneous amendments relating to share options etc
    Part 3-Commencement
    Schedule 6-Accounting practice and related matters
    Schedule 7-Avoidance involving financial arrangements
    Schedule 8-Financing of companies etc: transfer pricing and loan relationships
    Schedule 9-Insurance companies etc
    Schedule 10-Stamp duty land tax: miscellaneous amendments
    Part 1-Amendments coming into force in accordance with paragraph 16
    Part 2-Amendments coming into force in accordance with paragraph 22
    Schedule 11-Repeals
    Part 1-Value added tax
    Part 2-Income tax, corporation tax and capital gains tax
    Part 3-Stamp taxes
    Part 4-European company statute
    Part 5-Miscellaneous matters
 


 continue
 
 
 
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© Crown copyright 2005
Prepared 25 July 2005

Finance (No. 2) Act 2005 is reproduced under the terms of Crown Copyright Policy Guidance issued by HMSO.
Publishing Rights: Coddan CPM Core Licence (HMSO) number is C02W0007897 issued on 25 November 2005 by HMSO Licensing Division (Core Licence.pdf Licence to reproduce public sector information).

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