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Notes for guidance - Taxes Consolidation Act 1997 (Finance Act 2023 edition)

These are the notes for guidance on the Taxes Consolidation Act 1997 (as amended by subsequent Acts up to, and including, the Finance Act 2023).

These notes are intended as guidance notes only and do not purport to be a definitive legal interpretation of the provisions of the Taxes Consolidation Act 1997, as updated to the Finance Act 2023.

Notes for guidance - Taxes Consolidation Act 1997
DescriptionPDF Format
Introduction Introduction
Interpretation - Sections 1 - 11 Part 1
The charge to tax - Sections 12 - 31 Part 2
Provisions relating to the Schedule C Charge and Government and other public securities - Sections 32 - 51 Part 3
Principal provisions relating to the Schedule D Charge - Sections 52 - 111 Part 4

Implementation of Council Directive (EU) 2022/2523 of 15 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union – Sections 111A-111AAAE

 Part 4A
Principal provisions relating to the Schedule E Charge - Sections 112 - 128F Part 5
Company distributions, Tax Credits, franked Investment Income and advance Corporation Tax - Sections 129 - 186 Part 6
Income Tax and Corporation Tax exemptions - Sections 187 - 236 Part 7
Annual payments, charges and interest - Sections 237 - 267M Part 8
Specified financial transactions - Sections 267N - 267V Part 8A
Principal provisions relating to relief for capital expenditure - Sections 268 - 321 Part 9
Income Tax and Corporation Tax: reliefs for renewal and improvement of certain urban areas, certain resort areas and certain islands - Sections 322 - 372AAD Part 10
Capital allowances and expenses for certain road vehicles - Sections 373 - 380 Part 11
Income Tax and Corporation Tax: deduction for expenditure on construction, conversion and refurbishment of certain residential accommodation for certain students - Sections 380A - 380F  Part 11A
Income Tax and Corporation Tax: deduction for expenditure on refurbishment of certain residential accommodation - Sections 380G - 380J Part 11B
Emissions-based limits on capital allowances and expenses for certain road vehicles - Sections 380K - 380P Part 11C
Income Tax and Corporation Tax: reliefs for the removal and relocation of certain industrial facilities – Sections 380Q – 380X Part 11D
Principal provisions relating to Loss relief, treatment of certain losses and Capital Allowances, and Group Relief - Sections 381 - 429 Part 12
Close Companies - Sections 430 - 441 Part 13
Taxation of companies engaged in manufacturing trades, certain trading operations carried on in Shannon Airport and certain trading operations carried on in the Custom House Docks area - Sections 442 - 457 Part 14
Personal allowances and reliefs and certain other Income Tax and Corporation Tax reliefs - Sections 458 - 487 Part 15
Income Tax relief for investment in corporate Trades - Employment and Investment Incentive and Seed Capital Scheme - Sections 488-507 Part 16 EII
Profit Sharing Schemes and Employee Share Ownership Trusts - Sections 509 - 519D Part 17
Payments in respect of professional services by certain persons and payments to subcontractors in certain industries - Sections 520 - 531 Part 18
Income levy – Sections 531A – 531NA Part 18A
Parking levy in urban areas - Sections 531O - 531Z Part 18B
Domicile levy - Sections 531AA - 531AK Part 18C
Universal Social Charge - Sections 531AL - 531AAF Part 18D
Defective Concrete Products Levy – Sections 531AAG – 531AAQ Part 18E
Principal provisions relating to taxation of chargeable gains - Sections 532 - 613A Part 19
Companies’ chargeable gains - Sections 614 - 629C Part 20
Provisions relating to mergers, divisions and transfers of assets - Sections 630 - 638A Part 21
Provisions relating to dealing In or developing land and disposals of development land - Sections 639 - 653 Part 22

Residential Zoned Land Tax – Sections 653A – 653AM

 Part 22A

Vacant Homes Tax – Sections 653AN – 653BO

 Part 22B
Farming and market gardening - Sections 654 - 669K Part 23
Taxation of profits of certain mines and petroleum taxation - Sections 670 - 696M Part 24
Shipping: Tonnage Tax - Sections 697A - 697Q Part 24A
Council Regulation (EU) 2022/1854 of 6 October 2022 as regards Temporary Solidarity Contribution – Sections 697R – 697U Part 24B
Industrial and Provident Societies, Building Societies, and Trustee Savings Banks - Sections 698 - 705 Part 25
Real Estate Investment Trusts – Sections 705A – 705Q Part 25A
Life Assurance companies - Sections 706 - 730K Part 26
Unit trusts and offshore funds - Sections 731 - 747G Part 27
Purchase and sale of securities - Sections 748 - 753F Part 28
Patents, scientific and certain other research, know-how and certain training - Sections 754 - 769F Part 29
Occupational pension schemes, retirement annuities, purchased life annuities and certain pensions - Sections 770 - 790E Part 30
Taxation of settlors and suchlike in respect of settled or transferred income - Sections 791 - 798 Part 31
Estates of deceased persons in course of administration and surcharge on certain income of trustees - Sections 799 - 805 Part 32
Anti-avoidance - Sections 806 - 817RH Part 33
Provisions relating to the residence of individuals - Sections 818 - 825C Part 34
Double Taxation relief - Sections 826 - 835 Part 35
Transfer Pricing - Sections 835A - 835HB Part 35A
Controlled Foreign Companies - Sections 835I - 835Y Part 35B
 Hybrid Mismatches - Sections 835Z - 835AX  Part 35C
 Interest Limitation – Section 835AY – 835AAO  Part 35D
Miscellaneous special provisions - Sections 836 - 848A Part 36
Special Savings Incentive Accounts - Sections 848B - 848U Part 36A
Pensions: Incentive Tax credits - Sections 848V - 848AG Part 36B
Administration - Sections 849 - 875 Part 37
Returns of income and gains, other obligations and returns, and Revenue powers - Sections 876 - 917N Part 38
Assessments - Sections 918 - 931 Part 39
Appeals - Sections 932 - 949 Part 40
Appeals to Appeals Commissioners – Sections 949A – 949AX Part 40A
Self-assessment - Sections 950 - 959 Part 41
Assessing rules including rules for Self-assessment - Sections 959A - 959AW Part 41A
Collection and recovery - Sections 960 - 1006B Part 42
Partnerships and European Economic Interest Groupings (EEIG) - Sections 1007 - 1014 Part 43
Married, separated and divorced persons - Sections 1015 - 1031 Part 44
Tax treatment of civil partnerships – Sections 1031A – 1031O Part 44A
Tax treatment of cohabitants – Sections 1031P – 1031R Part 44B
Charging and assessing of non-residents - Sections 1032 - 1043 Part 45
Persons chargeable in a representative capacity - Sections 1044 - 1051 Part 46
Penalties, Revenue offences, interest on overdue tax and other sanctions - Sections 1052 - 1086 Part 47
Miscellaneous and supplemental - Sections 1087 - 1096B Part 48
Commencement, repeals, transitional provisions and suchlike - Sections 1097 - 1104 Part 49
Schedules 1 - 33 Schedules

Published: 29 December 2023 Print this page

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