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Finance Act, 1903

Part II.

Income Tax.

Income tax for 1903–1904.

46 & 47 Vict. c. 10.

5.—(1) Income tax for the year beginning on the sixth day of April nineteen hundred and three shall be charged at the rate of elevenpence.

(2) All such enactments relating to income tax as were in force on the fifth day of April nineteen hundred and three shall have full force and effect with respect to the duty of income tax hereby granted.

(3) Section ten of the Customs and Inland Revenue Act, 1883 (which related to duty on dividends, &c. paid prior to the passing of the Act), shall be applied with respect to the year which commenced on the sixth day of April nineteen hundred and three, as it was applied with respect to the year which commenced on the sixth day of April eighteen hundred and eighty-three, and as if it were re-enacted in this Act with the necessary change of date.