Finance Act 1925

1925 CHAPTER 36 15 and 16 Geo 5_cross-notes_I1

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 connection with Finance.

[30th June 1925]

^X1Part I

1, 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F810 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F911, 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F10Part II

13—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F11Part III

22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1223 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1324 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F14Part IV General

^F1525 Liability of Dominion Governments to taxation in respect of trading operations.

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26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1627 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1728 †Construction, short title, application and repeal. _cross-notes

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F18(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F19(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F20(4)This Act may be cited as the Finance Act, 1925.

(5)Such of the provisions of this Act as relate to matters with respect to which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.

(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F21^,^F22^,^F22FIRST SCHEDULE

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^F23^,^F23SECOND AND THIRD SCHEDULES

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^F24^,^F24Fourth SCHEDULE

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^F25^,^F25FIFTH SCHEDULE

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in force	Provision is in force
in force*	In force only for specified purposes (for detail about the purposes see/hover footnote)
not in force	Not in force in England (may be in force in other geographies, see footnotes)
italics	Defined term
_dfn	Defined term (alternative style)
gry bckgrd	the in-force status of the provision is complex, check the footnotes

in force

Provision is in force

in force*

In force only for specified purposes (for detail about the purposes see/hover footnote)

not in force

Not in force in England (may be in force in other geographies, see footnotes)

italics

Defined term

_dfn

Defined term (alternative style)

gry bckgrd

the in-force status of the provision is complex, check the footnotes

footnote	commentary	insert/omit
C1	Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3
C2	General amendments made by Taxes Management Act 1970 (c. 9, SIF 63:1), s. 41A(7) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 95(1)(2)), British Telecommunications Act 1981 (c. 38, SIF 96), s. 82(2)(7); Telecommunications Act 1984 (c. 12, SIF 96), s. 72(3); Finance Act 1984 (c. 43, SIF 63:1), ss. 82(6), 85(2), 89(1)(7), 96(1)(7), 98(7), Sch. 9 para. 3(2)(9), Sch. 16 paras. 6, 12 and Finance Act 1985 (c. 54, SIF 63:1), ss. 72(1), 74(5), Sch. 23 para. 15(4), S.I. 1987/530, regs. 11(2), 13(1), 14, Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), ss. 4, 6, 7, 9, 32, 34, 78, 134, 135, 141, 142, 185, 191, 193, 194, 195, 200, 203, 209, 212, 213, 219, 247, 253, 272, 287, 314, 315, 317, 318, 325, 326, 327, 345, 350, 351, 368, 375, 381, 397, 414, 432, 440, 442, 446, 458, 460, 461, 463, 463(2)(3) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 50(2) ), 468, 474, 475, 486, 490, 491, 503, 511, 518, 524, 532, 544, 550, 556, 558, 569, 572, 582, 595, 601, 613, 617, 619, 621, 639, 656, 660, 663, 676, 689, 691, 694, 700, 701, 714, 716, 739, 743, 754, 763, 776, 780, 781, 782, 787, 789, 811, 828, 829, 832, 833, 834, 835, 837, 838, 839, 840, 841, 842, Sch. 2 para. 5, Sch. 4 para. 5, Sch. 13 para. 10, Sch. 16 para. 10, Sch. 21 para. 6, Sch. 26 para. 1, Sch. 27 para. 20, Finance Act 1988 (c. 39, SIF 63:1), ss. 66, 127(1)(6), Sch. 12 para. 6, Capital Allowances Act 1990 (c. 1, SIF 63:1), ss. 28(1), 68(8), 74, 82, 83(5), 148(5), 163(4), 164(2), S.I. 1990/627 and Finance Act 1990 (c. 29, SIF 63:1), s. 25(10)
C3	Unreliable marginal note.
F1	Ss. 1, 2 repealed by Statute Law Revision Act 1950 (c. 6)	repealed
F2	S. 3 repealed by Finance Act 1938 (c. 46), s. 6(1)	repealed
F3	S. 4 repealed by Import Duties Act 1958 (c. 6), ss. 3(1), 16(4), Schs. 2, 7.	repealed
F4	S. 5 repealed by Finance Act 1947 (c. 35), s. 5, Sch. 2 Pt. III; S.I. 1950/664 art. 1(3); Statute Law (Repeals) Act 1969	repealed
F5	S. 6 repealed by Statute Law Revision Act 1950 and Statute Law Revision Act 1953.	repealed
F6	S. 7 repealed by Statute Law Revision Act 1950 and Finance Act 1957 (c. 49), ss. 3, 42(5), Sch. 9 Pt. II	repealed
F7	S. 8 repealed by Finance Act 1952 (c. 33), s. 76(8), Sch. 14 Pt. III	repealed
F8	S. 9 repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7	repealed
F9	S. 10 repealed by Finance Act 1933 (c. 19), s. 47, Sch. 8	repealed
F10	Ss 11, 12 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I	repealed
F11	Ss. 13–21 repealed with saving by Income Tax Act 1952 (c. 10), s. 527, Sch. 25	repealed
F12	S. 22 repealed by Finance (No. 2) Act 1940 (c. 48), s. 42(8), Sch. 10, and by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I	repealed
F13	S. 23 repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. V, and by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I	repealed
F14	S. 24 repealed with savings by Finance Act 1949 (c. 47), s. 52(9)(10), Sch. 11 Pt IV	repealed
F15	S. 25 repealed (18.3.2026) by Finance Act 2026 (c. 11), s. 279	repealed
F16	S. 26 repealed with saving by Income Tax Act 1952 (c. 10), s. 527, Sch. 25	repealed
F17	S. 27 repealed by Statute Law Revision Act 1953	repealed
F18	S. 28(1) repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7	repealed
F19	S. 28(2) repealed by Statute Law Revision Act 1953 (2 & 3 Eliz. 2 c. 5)	repealed
F20	S. 28(3) repealed with saving by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I	repealed
F21	S. 28(6) repealed by Statute Law Revision Act 1950 (14 Geo. 6 c. 6)	repealed
F22	Schedule 1 repealed by Finance Act 1938 (c. 46), s. 6, Sch. 2	repealed
F23	Schedules 2 and 3 repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7	repealed
F24	Schedule 4 repealed with saving by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I	repealed
F25	Schedule 5 repealed by Statute Law Revision Act 1950 (14 Geo. 6 c. 6)	repealed
I1	Act wholly in force at Royal Assent.
X1	General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

Finance Act 1925

1925 CHAPTER 36 15 and 16 Geo 5cross-notesI1

X1Part I

1, 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F810 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F911, 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10Part II

13—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11Part III

22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1223 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1324 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F14Part IV General

F1525 Liability of Dominion Governments to taxation in respect of trading operations.

26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1627 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1728 †Construction, short title, application and repeal. cross-notes

F21,F22,F22FIRST SCHEDULE

F23,F23SECOND AND THIRD SCHEDULES

F24,F24Fourth SCHEDULE

F25,F25FIFTH SCHEDULE

Status of changes to instrument text

1925 CHAPTER 36 15 and 16 Geo 5_cross-notes_I1

^X1Part I

^F13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F810 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F911, 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F10Part II

^F11Part III

^F1223 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1324 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F14Part IV General

^F1525 Liability of Dominion Governments to taxation in respect of trading operations.

^F1627 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1728 †Construction, short title, application and repeal. _cross-notes

^F21^,^F22^,^F22FIRST SCHEDULE

^F23^,^F23SECOND AND THIRD SCHEDULES

^F24^,^F24Fourth SCHEDULE

^F25^,^F25FIFTH SCHEDULE