Page can be viewed in other languages:
English
Home Home Contact Us Contact Us Incorporation FAQ FAQ Incorporation News News

  • Office
  • Address
  • Contact
RELATED SERVICES
BANKING SERVICES
WE ACCEPT
 
 
Acceptance Mark
Secured by SSL

Member of the Federation of Small Businesses
E-mail us info@ukincorp.co.uk Request a call-back Call Us (UK): 44 (0) 207.935.5171 / 0330.808.0089

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 £1.00, this is divided into 1.00 ordinary share valued at £1.00 (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 (requires MS-Word file reader).

E-Quick Package
£ 32.00No Annual Charges
Click here to see all packages
(click here for other packages)
Organization Structures Business, Incorporate Your Business Online, Incorporation Services at Affordable Prices, Learn About Incorporating and How to IncorporateSetting up a Business in United Kingdom, Incorporatin Business, Forming an LLC, Incorporate online in Delaware, Nevada, London, Florida, New YorkCompany UK Formation, Online UK Company Formation Agents, Plus a Wide Range of Ready-Made Companies Available and Vintage CompaniesWhat are the Advantages of Incorporation? You Can Now Form Your UK Limited Company Online Using Our Company Registration AgentHow Do I Get Started With the Registration Process? Company Formation & Registration of Offshore Companies Incorporation ServiceUK Limited Company Formation and Offshore Companies Incorporation Service, We Provide Online New Company Formations and Offshore Readymade CorporationSetting up a Business in United Kingdom, Cheap IBC Incorporation Offshore Anonymous Banking Internet Offshore Bank AccountUK Company Formation, Online Company Registration Agent Offering Same-Day Company Formation, Business BankingServices Include Companies Formation and Administration, Trademark, Intellectual Property, Company Search ServicesAn On-Line Resource to Setting-Up a Private Limited Company Without Hiring a Solicitor or Formation AgenStarting a Business Information, Advice and Information for Starting a New Business in the UK Including UK Business Start-UpHelp in Starting Up a Business Up-to-Date Advice and Strategies, Start Your Own Business and Gain Your Independence!Incorporate a Business in Any State, London, Glasgow, Form an LLC, Conduct a Trademark Search OnlineSmall Business Resources for Starting a Small Business, Small Business Marketing
Royal ArmsFinance (No. 2) Act 2005

2005 Chapter 22


 

© Crown Copyright 2005

Acts of Parliament printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

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.

It should be noted that the right to reproduce the text of Acts of Parliament does not extend to the Queen's Printer imprints which should be removed from any copies of the Act which are issued or made available to the public. This includes reproduction of the Act on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

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
 
 
 
 Other UK Acts | Home | Scotland Legislation | Wales Legislation | Company Formation Online | Company Formations in Republic of Ireland | Company Registration in Northern Ireland | Incorporate in California, Nevada, Florida and New York | Incorporate Offshore Corporation

© 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).
Copyright © 1993-2012. All rights reserved. The logo and the Coddan company brand are registered trademarks of Coddan CPM Ltd. Coddan CPM Ltd is a private limited company registered in England, whose registered number is 05370296, and whose registered office address is 124 Baker street, London W1U 6TY, VAT registered number is 864 142 527. Coddan CPM Ltd is committed to respecting the data which we hold on you. Your details are processed and kept securely in accordance with the Data Protection Act 1998, DTA registration number is PZ9265799. The content of this site is protected under applicable copyright and trademark laws. Personal use of material is permitted for research and/or information purposes only.

Limited company formation and small business start-up advice - we are offering companies registrations in England, Wales, Scotland, Northern Ireland, Republic of Ireland, USA and offshore jurisdictions. Our simple and cost-effective business starting-up service has various packages available to suit all needs. Expert advice and cost efficient business registration services to assist companies with their statutory obligations, including business administration, bookkeeping, accounting and annual accounting and annual return preparation. We can also help you to introduce and arrange a business bank account in the United Kingdom, Republic of Ireland, Cyprus, Gibraltar and in many other offshore countries.

All content within this site, including, but not limited to text, software, graphics, logos, icons and images are the property of the Coddan CPM Ltd. Except as provided herein, no portion of the materials on these pages may be reprinted or republished in any form without the express written permission of Coddan CPM Ltd. Permission is granted to print copies of informational articles for your own use and review, provided that source attributions and copyright notices are maintained. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to UK law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. Due to the importance of the individual facts of every case, the generalizations we make may not necessarily be applicable to any particular case. Changes in the law could at any time make parts of this web site obsolete. Coddan does not represent nor warrant the accuracy of any of the information contained herein, nor should it be relied upon.

Due to the introduction of the Anti Money Laundering Regulations 2007 it is now a legal requirement that all trusts and company service providers are MLR registered. Coddan CPM Limited has been granted an MLR Registration Number 12298927. This means that we have passed the fit and proper test and successfully applied for and received confirmation from HM Customs and Excise. Please be aware that any formation agent operating without being MLR registered is not complying with the Law. We would strongly advise you to ask for an MLR number prior to processing a formation through any agent.

In the event of Companies House rejecting an application or submission you will have three days to re-submit the application with appropriate corrections at no extra charge. We reserve the right to cancel the contract between us if one or more of the goods or services that you ordered were listed at an incorrect price due to a typographical error or an error in the pricing information received by us from our supplier. If we do cancel your order for this reason, we will notify you by email and will credit your account with any sum deducted by us from your credit card as soon as possible but in any event within 30 days of your order. We will not be obliged to offer any additional compensation for disappointment suffered. Products are delivered using Royal Mail recorded delivery post, or e-mail (as appropriate), unless otherwise stated. Where you request an alternative method of delivery, you must meet those costs. Services are provided using reasonable skill and care. Products and services will be provided in accordance with the timescales set out in the Consumer Protection (Distance Selling) Regulations 2000 unless otherwise agreed with you. Website Last Updated: 2/9/2012