Finance Act 2000
The Finance Act 2000 received Royal Assent on 28 July 2000. On this page you can find guidance, parliamentary papers, representations and other commentary on the Act's progress through parliament.
What's on this page?
The Finance Act
Finance Act 2000
Full text of the Finance Act 2000.
Official Report of the House of Commons (Hansard)
Includes the Finance Bill debates in the following editions:
Finance Bill in Standing Committee H
Archive of debates in the House of Commons Standing Committee H on the Finance Bill between May 4th 2000 and June 29th 2000.
Explanatory notes and clauses: Finance Bill 2000 (HM Treasury)
These are available through the Government webarchive at the links in the panel below:
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Clauses 1-20
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- Clause 1: Rates of duty on beer
- Clause 2: Rates of duty on cider
- Clause 3: Rates of duty on wine and made-wine
- Clause 4: Rates of duty and rebate on hydrocarbon oil
- Clause 5: Ultra low sulphur petrol
- Clause 6: Mixing of rebated light oils
- Clause 7: Power to amend definitions of types of hydrocarbon oil
- Clause 8: Penalties for misuse of rebated heavy oil
- Clause 9: Use of rebated heavy oil as fuel
- Clause 11: Emulsions of water and gas oil
- Clause 12: Rates of tobacco products duty
- Clause 13: Basis for calculating tobacco duty on cigarettes
- Clause 14: Fiscal marks on tobacco products
- Clause 15: Management of Excise on tobacco products
- Clause 16: Rates of gaming duty
- Clause 17: Amusement machine licence duty
- Clause 18: Air Passenger duty: Rates of duty
- Clause 20: Threshold for general reduced rate
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Clauses 21-40
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- Clause 21: Increase in General Rate
- Clause 22: Vehicle Excise Duty for new cars and vans
- Clause 23: Vehicle Excise Duty: Enforcement provisions
- Clause 24: Rates of Vehicle Excise Duty for goods vehicles
- Clause 25: Power to search premises
- Clause 26: Power to search articles
- Clause 27: Security for Customs and Excise
- Clause 28: Civil penalties for breach of excise duty requirements
- Clause 29: Correction of reference
- Clause 30: Climate change levy
- Clause 31: Charge and rates of income tax for 2000-01
- Clause 32: Extension of starting rate to savings income of individuals
- Clause 33: Deduction of income tax from foreign dividends
- Clause 34: Children's tax credit
- Clause 35: Corporation tax charge and rates charge and main rate for financial year 2001
- Clause 36: Corporation tax charge and rates small companies´ rate for financial year 2000
- Clause 37: Application of starting rate to capital gains tax
- Clause 38: Payroll deduction scheme
- Clause 39: Gift aid payments by individuals
- Clause 40: Gift aid payments by companies
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Clauses 41-60A
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- Clause 41: Covenanted payments to Charities
- Clause 42: Millennium gift aid
- Clause 43: Gifts of shares and securities to Charities etc
- Clause 44: Gifts to Charity from certain Trusts
- Clause 45: Loans to Charities
- Clause 46: Charities: Exemption for small trades etc
- Clause 47: Employee share ownership plans
- Clause 48: Capital Gains Tax: Relief for transfers to employee share ownership plans
- Clause 49: Phasing out of approved profit sharing schemes
- Clause 50: Phasing out of relief for payments to trustees of profit sharing schemes
- Clause 51: Approved profit sharing scheme: Other awards of shares
- Clause 52: Approved profit sharing schemes: Restriction on type of shares
- Clause 53: approved profit sharing schemes: Loan arrangements
- Clause 54: Employee share ownership trusts
- Clause 55: Shares transferred from employee share ownership trust
- Clause 56: Benefits in kind: Deregulatory amendments
- Clause 57: Education and Training
- Clause 58: Cars available for private use
- Clause 59: Provision of services through intermediary
- Clause 60A: Occupational and personal pension schemes
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Clauses 61A-80A
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- Clause 61A: Enterprise management incentives
- Clause 62A: Corporate venturing scheme and consequential amendments
- Clause 63: Enterprise investment scheme: Amendments
- Clause 64: Venture Capital Trusts: Amendments
- Clause 65: Capital Gains Tax: Taper relief: Taper for business assets
- Clause 66: Capital Gains Tax: Taper Relief: Assets qualifying as business assets
- Clause 67A: Meaning of research and developments
- Clause 68A: Tax relief for expenditure on research and development
- Clause 69A: First year capital allowances fro small or medium-sized enterprises
- Clause 70A: First year allowances for ICT Expenditure by small enterprises
- Clause 71A: Expenditure of a small enterprise
- Clause 72A: Repeal of notification requirements
- Clause 73A: Pool for certain leased assets and inexpensive cars
- Clause 74A: Machinery and plant allowances for non-residents etc.
- Clause 75A: Production animals
- Clause 76A: Sale and leaseback
- Clause 77A: Meaning of fixture
- Clause 78A: Leased assets under the affordable warmth programme
- Clause 79A: Fixtures and machinery and plant on hire-purchase etc.
- Clause 80A: Capital allowances: Production Sharing Contracts
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Clauses 81A-100
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- Clause 81A: Tonnage Tax
- Clause 82A: Relief for interest loans to buy annuities
- Clause 83A: Exemption of payments under new deal 50plus
- Clause 84A: Exemption from income tax on payments under employment zones programme
- Clause 85A: Loan where return bears inverse relationship to results
- Clause 86A: Tax treatment of acquisition, disposal or revaluation of certain rights
- Clause 87A: Relief for contributions to local enterprise agencies etc.
- Clause 88A: Entitlement of successor to allowances
- Clause 89A: Restriction of gifts relief
- Clause 90A: Disposal of interest in settles property: Deemed disposal of underlying assets
- Clause 91A: Transfers of value by trustees linked with trustee borrowing
- Clause 92A: Restriction on set-off of trust losses
- Clause 93A: Attribution to trustees of gains of non-resident companies
- Clause 94A: Disposal of interest in non-resident settlement
- Clause 95A: Payment by trustees to non-resident companies
- Clause 96A: Group relief for non-resident companies etc.
- Clause 97: Recovery of tax payable by a non-resident company
- Clause 98A: Joint arrangement for group relief claims
- Clause 99A: Limit on amount of group relief in case of consortium claim
- Clause 100: National transfers within groups of companies
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Clauses 101-121
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- Clause 101: Non-resident companies and groups of companies
- Clause 102: Double taxation relief
- Clause 103: Controlled foreign companies (CFC´s)
- Clause 104: Corporation tax: Use of currencies other than sterling
- Clause 105: Foreign exchange gains and losses: Use of local currencies
- Clause 106: General insurance reserves
- Clause 107: Overseas life assurance business
- Clause 108: Life insurance companies: Apportionment rules
- Clause 109: Rent factoring
- Clause 110: Payments under deduction of tax
- Clause 111: UK Public revenue dividends - deduction of tax
- Clause 112: Tax treatment of expenditure on films
- Clause 113: Stamp duty rates: on conveyance for transfer on sale (rates)
- Clause 114: Leases: (rent)
- Clause 115: Stamp duty on seven year leases
- Clause 116: Stamp duty power to vary stamp duties
- Clause 117: Land transferred etc for other property
- Clause 118: Transfer of land to connected company
- Clause 119: Grant of lease to connected company
- Clause 120: Marketable securities transferred etc. for exempt property
- Clause 121: Transfer of property between associated companies: Great Britain
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Clauses 122-140
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- Clause 122: Transfer of property between associated companies: Northern Ireland
- Clause 123: Grant of leases etc. between associated companies
- Clause 124: Future issues of stock
- Clause 125: company acquisition reliefs: redeemable shares
- Clause 126: Surrender of leases
- Clause 127: Abolition of duty on instruments relating to intellectual property
- Clause 128: Transfers to registered social landlords etc.
- Clause 129: The Northern Ireland Assembly Commission
- Clause 130: Loan capital where return bears inverse relationship to results
- Clause 131: Supplies to which reduced rate applies
- Clause 132: Disposals of assets for which a VAT repayment is claimed
- Clause 133: Gold: Penalty for failure to comply with record-keeping requirements
- Clause 134: Treatment of employee share ownership trusts
- Clause 135: PRT: Operating expenditure incurred while safeguard relief applies
- Clause 136: Rate of landfill tax
- Clause 137: Landfill tax temporary disposals
- Clause 138: Landfill tax
- Clause 139: Power to provide incentives to use electronic communications
- Clause 140: Information about interest etc. paid, credited or received
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Clauses 141-152
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- Clause 141: International exchange of information
- Clause 142: International exchange information: Inheritance tax
- Clause 143: Use of minimum information
- Clause 144: Orders for the delivery of documents
- Clause 145: Search warrants: miscellaneous amendments
- Clause 146: Payments from the National Loans Fund to the Debt Management Account
- Clause 147: National Savings Bank
- Clause 148: National Savings Certificates
- Clause 149: Preparation and publication of the annual accounts of the Exchange Equalisation Account
- Clause 150: Interpretation
- Clause 151: Repeals
- Clause 152: Short Title
Articles and books in the Library collection
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Archive
The Library holds an extensive collection of Finance Acts (from the 19th century onwards), Finance Bills (from 1951 onwards), Debates on the Finance Bill as recorded in Hansard, and Standing Committee Debates on the Finance Bills (from 1968 onwards). Alongside this you can also find many publications from the ICAEW and other bodies on the Finance Acts.
We also maintain an online archive of links and resources for Finance Acts 1980–1999 and for Finance Acts 2000–2004.
See LibCat, our online catalogue, for details of our holdings of:
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