Finance Act, 1913

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FINANCE ACT 1913

CHAPTER 30.

An Act to continue the Duty of Customs on Tea, and to re-impose Income Tax (including super-tax), and to apply with respect to Income Tax (including super-tax) and the annual value of property the like provisions as were applied in the last preceding year. [15th August 1913.]

Most Gracious Sovereign,

WE, Your Majesty’s most dutiful and loyal subjects the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:

Duty on tea. 2 & 3 Geo. 5. c. 8.

1. The duty of Customs payable on tea until the first day of July nineteen hundred and thirteen, under the Finance Act, 1912 , shall continue to be charged, levied, and paid until the first day of July nineteen hundred and fourteen, on the importation thereof into Great Britain or Ireland (that is to say):-

Tea, the pound - - - - fivepence.

Income tax for 1913-14.

2.—(1) Income tax for the year beginning on the sixth day of April nineteen hundred and thirteen shall be charged at the rate of one shilling and twopence, and the same super-tax shall be charged, levied, and paid for that year as was charged for the year beginning on the sixth day of April nineteen hundred and twelve.

(2) All such enactments relating to income tax (including super-tax) as were in force with respect to duties of income tax granted for the year beginning on the sixth day of April nineteen hundred and twelve shall have full force and effect with respect to any duties of income tax hereby granted.

16 & 17 Vict. c. 34.

(3) The annual value of any property which has been adopted for the purpose either of income tax under Schedules A. and B. in the Income Tax Act, 1853, or of inhabited house duty, during the year ending on the fifth day of April nineteen hundred and thirteen, shall be taken as the annual value of such property for the same purpose during the next subsequent year; provided that this subsection—

(a) so far as respects the duty on inhabited houses in Scotland, shall be construed with the substitution of the twenty-fourth day of May for the fifth day of April; and

(b) shall not apply to the metropolis as defined by the Valuation (Metropolis) Act, 1809.

Deductions in respect of expenses involved in earning salary, &c.

3. Where the Treasury are satisfied with respect to any class of persons in receipt of any salary, fees, or emoluments payable out of the public revenue that such persons are obliged to lay out and expend money wholly, exclusively, and necessarily in the performance of the duties in respect of which such salary, fees, or emoluments are payable, the Treasury may fix such sum as in their opinion represents a fair equivalent of the average annual amount laid out and expended as aforesaid by persons of that class, and in assessing the income tax on the salary, fees, or emoluments of persons of that class, there shall be deducted from the amount thereof the sums so fixed by the Treasury. Provided that if any person would, but for the provisions of this section, be entitled to deduct a larger amount than the sum so fixed, that sum may be deducted instead of the sum so fixed.

Short title.

4. This Act may be cited as the Finance Act, 1913.