Finance (No. 2) Act, 1915

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FINANCE (NO. 2) ACT 1915

[5 & 6 Geo. 5. Ch. 89.]

ARRANGEMENT OF SECTIONS.

Customs and Excise.

Section.
1.	Increased duty on tea.
2.	Additional duties on cocoa.
3.	Additional duties on coffee.
4.	Additional duties on chicory.
5.	Additional Excise duty on coffee substitutes, & c.
6.	Increased Customs duties on sugar, & c.
7.	Excise duties on sugar, & c.
8.	Additional duties on dried fruit.
9.	Additional duties on tobacco.
10.	Additional duty on motor spirit.
11.	Additional medicine duties.
12.	New import duties.
13.	Supplemental provisions as to new import duties.
14.	Allowance and repayment of duty in respect of motor spirit used by veterinary surgeons.
15.	Restriction of delivery of goods from bond.
16.	Increase of penalty for false declarations, & c.
17.	Rate of reduction of licence duty where sale of liquor is curtailed.
18.	Repeal of s. 2 of 2 & 3 Geo. 5. c. 8.
19.	New tables for ascertaining weight and strength of spirits.

Part II.

Income Tax.

20.	Increase of income tax.
21.	Reduction of exemption and abatements.
22.	Charge of Schedule B. tax.
23.	Extension of scale of super-tax.
24.	Extension of relief in respect of children.
25.	Power for soldiers and sailors to claim pre-war rates of income tax in certain cases.
26.	Relief in respect of premiums on policies.
27.	Quarterly assessment and charge of employed persons.
28.	Supplemental provisions as to quarterly assessment.
29.	Extension of time for claim of relief on account of earned income.
30.	Income tax on securities representing a bank’s subscription to war loan.
31.	Provisions with respect to the charge of income tax on non-residents.
32.	Place for assessment of income tax.
33.	Payment of income tax by instalments in certain cases.
34.	Deductions in respect of Schedule A. tax in Scotland.
35.	Computation of profits and gains in relation to excess profits duty.
36.	Service of notices by post.
37.	Amendments to have effect in current income tax year.

Part III.

Excess Profits Duty.

38.	Charge of excess profits duty.
39.	Trades and businesses to which excess profits duty applies.
40.	Determination of profits and pre-war standard.
41.	Adjustments for increased or decreased capital.
42.	Reference to the Board of Referees of questions as to increase of percentages, &c.
43.	Excess mineral rights duty.
44.	Returns for purpose of Part III., and penalty for fictitious transactions.
45.	Supplemental provisions as to excess profits duty.

Part IV.

General.

46.	Extension of 4 & 5 Geo. 5. c. 76 to legacy and succession duty.
47.	Power of Treasury to issue securities free of taxation.
48.	Procedure on death of person entitled to Government stock.
49.	Suspension of road improvement grant.
50.	Rules and regulations to be laid before Parliament.
51.	Construction, repeal, and short title. Schedules.

CHAPTER 89.

An Act to grant certain duties of Customs and Inland Revenue (including Excise), to alter other duties, and to amend the law relating to Customs and Inland Revenue (including Excise) and the National Debt, and to make further provision in connexion with Finance. [23rd December 1915.]

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:—

Finance (No. 2) Act, 1915 Permanent Page URL

Finance (No. 2) Act, 1915

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