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Finance Act 1971

1971 CHAPTER 68

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[5th August 1971]

Part I Customs and Excise

1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Agricultural machines—vehicles excise duty and customs and excise duty.

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

(2) As from the said 1st September, in Schedule 1 to the Hydrocarbon Oil (Customs & Excise) Act 1971 (vehicles in which heavy oil may be used without repayment of rebate)—

(a) the reference in paragraph 2(b) to the said Schedule 3 shall be construed as a reference to that Schedule as amended by subsection (1) above, and

(b) the reference to an agricultural machine in paragraph 3(b) shall not include any vehicle which does not satisfy the conditions specified in paragraphs (a) and (b) of section 6(1) of the Finance Act (Northern Ireland) 1971 (which makes provision corresponding to that made by subsection (1) above).

7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8—10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II INCOME TAX AND CORPORATION TAX

CHAPTER I GENERAL

13.to 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21 Occupational pension schemes

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22—28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CHAPTER II SUB-CONTRACTORS IN CONSTRUCTION INDUSTRY

29 (Deductions on account of income tax from payments to certain sub-contractors in construction industry.)

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30 (Exceptions from section 29.)

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31 (Interpretation of Chapter II.)

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CHAPTER III METHOD OF CHARGING INCOME TAX FOR 1973-74 AND SUBSEQUENT YEARS

32.to 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

37 Consequential amendments and repeals.

(1) The enactments mentioned in Schedule 6 to this Act shall have effect subject to the amendments specified therein.

(2) The enactments mentioned in Part II of Schedule 14 to this Act are hereby repealed to the extent specified in the third column of that Part.

38 Commencement of Chapter III and transitional provisions.

(1) The preceding provisions of this Chapter shall have effect for the year 1973-74 and subsequent years of assessment; and accordingly the amendments and repeals made by those provisions (including those mentioned in section 37 of this Act) shall not be taken to affect tax for an earlier year of assessment or the doing of anything in relation to tax for such a year.

(2) The transitional provisions contained in Schedule 7 to this Act shall have effect.

39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART III INCOME TAX AND CORPORATION TAX: CAPITAL ALLOWANCES

40.to 54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART IV TAX ON CAPITAL GAINS AND ESTATE DUTY

55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

56 (Taxation of short-term capital gains.)

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57 (Exemption or relief for small disposals).

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58 (Disposal of options.)

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59 (Abolition of charge to capital gains tax on death, etc. )

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60 (Replacement of business assets.)

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61, 62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART V MISCELLANEOUS

63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

67 Confirmation of health service agreement with Northern Ireland and U.K. contribution towards cost of certain allowances and benefits in Northern Ireland.

(1) Confirmation is hereby given to the agreement between the Treasury and the Ministry of Finance for Northern Ireland set out in Schedule 13 to this Act (an agreement which, if confirmed by Acts of the Parliaments of the United Kingdom and Northern Ireland, supersedes as from 1st April 1971 an earlier agreement as amended).

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) The preceding provisions of this section shall not come into operation unless and until Her Majesty by Order in Council declares that a corresponding provision has been enacted by the Parliament of Northern Ireland.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

68 Payments to Banks of England and Ireland in respect of management of Government securities.

Section 16 of the National Loans Act 1968 (supplemental provisions as to the national debt) shall be amended as follows—

(a) in subsection (7) (under which payments to the Banks of England and Ireland in respect of management of Government securities must relate to management in financial years ending on 31st March), for the words “in the year ending 31st March 1968 or any subseequent financial year” there shall be substiuted the words “in any period”, and

(b) subsection (8) (which governs the calculation of the amount of such payments and the time of payment) shall be omitted.

69 Citation, interpretation, construction, extent and repeals.

(1) This Act may be cited as the Finance Act 1971.

(2) In this Act “ the Taxes Act ” means the Income and Corporation Taxes Act 1988 .

(3) In this Act—

sections 3, 8, 9, 10 and 12 shall be construed as one with the Customs and Excise Act 1952;

Parts II and III, so far as they relate to income tax, shall be construed as one with the Income Tax Acts and, so far as they relate to corporation tax, shall be construed as one with the Corporation Tax Acts;

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(4) Except so far as the context otherwise requires, any reference in this Act to any enactment shall be construed as a reference to that enactment as amended, and as including a reference to that enactment as applied, by or under any other enactment, including this Act.

(5) Except as otherwise expressly provided, such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws do not extend to Northern Ireland.

(6) If the Parliament of Northern Ireland passes provisions amending or replacing any enactment of that Parliament referred to in this Act the reference shall be construed as a reference to the enactment as so amended or, as the case may be, as a reference to those provisions.

(7) The enactments mentioned in Schedule 14 to this Act (Part VI of which includes certain obsolete enactments) are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision at the end of any Part of that Schedule.

SCHEDULES

SCHEDULE 1

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SCHEDULE 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Section 21.

SCHEDULE 3 OCCUPATIONAL PENSION SCHEMES

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SCHEDULE 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Section 37.

SCHEDULE 6 AMENDMENTS CONSEQUENTIAL ON NEW METHODS OF CHARGING TAX

PART I

1.to 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II AMENDMENT OF TAXES MANAGEMENT ACT 1970

81 The Taxes Management Act 1970 shall be amended in accordance with the following provisions of this Part of this Schedule.

82 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

83 In section 22 the words “for the purpose of charging surtax” shall be omitted.

84 In section 29—

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) in subsection (4) the words “at the standard rate” shall be omitted; and

(c) in subsection (7) the words “at the standard rate” shall be omitted.

85 In section 31(3)—

(a) in paragraph (a) the words “assessment to surtax, or any other” shall be omitted;

(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and

(c) after the paragraphs there shall be added the words “or if the appeal involves any question as to the application of section 30, Part XV or Part XVI of that Act.”.

86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

88 In section 91(3)—

(a) paragraphs (a) and (b)(i) shall be omitted; and

(b) after paragraph (b) there shall be added the following:— “ or

(c) affecting tax charged at a rate other than the basic rate on income from which tax has been deducted (otherwise than under section 204 of the principal Act) or is treated as having been deducted, unless it is a relief from tax so charged. ”

89 In section 93(4) for the words from the beginning to “this Act it” there shall be substituted the words “ In relation to a return required for the purposes of section 9 of this Act the reference in subsection (2) above to tax ”

90 In section 95(3) for the words “include surtax” to “do not” there shall be substituted the words “ do not, in relation to anything done in connection with a partnership ” .

PART III

91.to 93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Section 55.

SCHEDULE 9 RESTORATION OF DEVELOPMENT VALUE

1.to 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Section 67.

SCHEDULE 13 Health Service Agreement between Treasury and Ministry of Finance for Northern Ireland

The Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland, with a view to assimilating the burdens on the Consolidated Fund of the United Kingdom and the Exchequer of Northern Ireland in respect of health services, have entered into the following Agreement, which supersedes as from 1st April 1971 the Agreement of 11th February 1949 set out in the Schedule to the Social Services (Northern Ireland Agreement) Act 1949, as amended by the Agreement of 28th February 1968 set out in Schedule 19 to the Finance Act 1968.

1 (1) There shall be ascertained in respect of each financial year during which this Agreement is in operation the total net cost in Great Britain and in Northern Ireland under the National Health Service Act 2006, the National Health Service (Wales) Act 2006 and the National Health Service (Scotland) Act 1978 as they may be amended from time to time, and the corresponding enactments in Northern Ireland.

(2) The net cost under paragraph (1) above shall be the actual cost as certified annually by the Commissioners of Her Majesty’s Treasury as respects the services in Great Britain and by the Ministry of Finance for Northern Ireland as respects the services in Northern Ireland.

(3) The net cost under paragraph (1) above of services in Northern Ireland shall, in relation to the net cost of the corresponding services in Great Britain, be determined subject to such adjustments, if any, as may be necessary to take account, from time to time, of any differences between methods of administration in Great Britain and in Northern Ireland.

2 (1) If in respect of any financial year the total net cost in Northern Ireland under article 1 of this Agreement is less than 2 per cent. of the total net cost in Great Britain and Northern Ireland, there shall be paid from the Exchequer of Northern Ireland to the Consolidated Fund of the United Kingdom a contribution equal to 90 per cent. of the amount by which the said net cost in Northern Ireland is less than the said 2 per cent.

(2) If in respect of any financial year the total net cost in Northern Ireland under article 1 of this Agreement exceeds 2 per cent. of the total net cost in Great Britain and Northern Ireland, there shall be paid to the Exchequer of Northern Ireland out of the Consolidated Fund of the United Kingdom a contribution equal to 90 per cent. of the amount by which the said net cost in Northern Ireland exceeds the said 2 per cent.

3 It is hereby agreed that, subject to such differences as may from time to time exist between the methods of administration in Great Britain and in Northern Ireland of the services covered by this Agreement, the Government of Northern Ireland undertakes to keep the scale and standard of comprehensive health services in Northern Ireland in general conformity with the scale and standard of such services in Great Britain, and to ensure that the rates of remuneration of persons employed in such services in Northern Ireland correspond as nearly as may be with the rates for such services obtaining in Great Britain.

4 Payments on account of such contributions as may ultimately be found to be due under article 2 of this Agreement from the Exchequer of Northern Ireland or from the Consolidated Fund of the United Kingdom shall be made of such amounts and at such times as may be agreed between the Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland.

5 Any question arising under this Agreement, whether as to the amount of any adjustments necessary in the determination of net costs in Great Britain and Northern Ireland for the purposes of article 1 of this Agreement, or of any contribution payable under article 2, or otherwise, shall, in default of agreement between the Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland, be determined by the Joint Exchequer Board, whose decision shall be final.

6 This Agreement shall not come into operation until confirmed by Acts of the Parliaments of the United Kingdom and Northern Ireland respectively, but upon being so confirmed shall have effect as from 1st April 1971.

In Witness whereof Walter Clegg and Hector Monro two of the Commissioners of Her Majesty’s Treasury have hereunto set their hands and seals and the Official Seal of the Ministry of Finance for Northern Ireland has been hereunto affixed this 14th day of April 1971.

Signed Sealed and Delivered by Walter Clegg one of the Commissioners of Her Majesty’s Treasury in the presence of:— Walter Clegg (L.S.)
Albert George Nicholson Civil Servant, House of Commons, London S.W.1.
Signed Sealed and Delivered by Hector Monro one of the Commissioners of Her Majesty’s Treasury in the presence of:— Hector Monro (L.S)
Albert George Nicholson Civil Servant, House of Commons, London S.W.1
The Official Seal of the Ministry of Finance for Northern Ireland was hereunto affixed in the presence of:— H. V. Kirk (L.S.)
D. C. B. Holden Civil Servant, Ministry of Finance, Stormont, Belfast.

Section 69.

SCHEDULE 14 ENACTMENTS REPEALED

PART I OCCUPATIONAL PENSIONS SCHEMES

Section 21.

Chapter Short Title Extent of Repeal
1970 c.9 The Taxes Management Act 1970. In the Table in section 98(3) the entry (in each column) relating to section 224 of the Taxes Act, but not as regards any penalty incurred before this repeal takes effect.
1970 c.10 The Income and Corporation Taxes Act 1970. [ See 1987 edition for these repeals. ]
1970 c.24 The Finance Act 1970.

[ The repeals of the Taxes Management Act 1970 took effect on 6th April 1980.

PART II NEW METHOD OF CHARGING TAX

Section 37.

Chapter Short Title Extent of Repeal
1970 c.9 The Taxes Management Act 1970. In section 7(2), the words from “or in the case” to the end.
In section 8, subsections (5) and (6) and in subsection (8), the words from “which are required” to “standard rate” and the words “for either or both of those purposes.”
In section 12(1), the words “at the standard rate”.
In section 22, the words “for the purpose of charging surtax”.
In section 29, in subsections (4) and (7), the words “at the standard rate.”
In section 31(3)(a), the words “assessment to surtax, or any other”.
In section 33(2), the words from “including” to “surtax”.
. . .
In section 77(1), the words “chargeable at the standard rate”.
In section 91(3), paragraph (a) and in paragraph (b), sub-paragraph (i).
1970 c.10 The Income and Corporation Taxes Act 1970. [ See 1987 edition for these repeals. ]
1970 c.24 The Finance Act 1970
1970 c.54 The Income and Corporation Taxes (No.2) Act 1970.

These repeals have effect subject to section 38 of this Act.

PART III BETTERMENT LEVY

Section 55.

Chapter Short Title Extent of Repeal
1970 c.9 The Taxes Management Act 1970. Section 57(2).
1970 c.10 The Income and Corporation Taxes Act 1970.
Section 269(2).
1970 c.24 The Finance Act 1970. In section 29, in subsection (2)(b) the words from “including” to “Act”, and in subsection (3) paragraphs (b) and (c).
In Schedule 6, Part I; and in paragraph 4(1) the words from “but without prejudice” to the end.

These repeals have effect subject to section 55(2) of this Act.

PART IV CASE VII

Section 56.

Chapter Short Title Extent of Repeal
1970 c.9 The Taxes Management Act 1970. Section 9(5).
In section 98, in Table I, the words “section 167(4)”.
1970 c.10 The Income and Corporation Taxes Act 1970.
In section 270, subsections (1) and (2).
In section 271, subsections (1) to (3).
1970 c.24 The Finance Act 1970.

These repeals have effect subject to section 56(4) of this Act.

PART VII

[ See 1987 edition for these provisions. ]

Status: There are currently no known outstanding effects for the Finance Act 1971.
Finance Act 1971 (1971/68)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
C1Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62) , s. 3
C2The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C3S. 22(4)-(10) : power to continue conferred (1. 7. 1992) by Social Security (Consequential Provisions) Act 1992 (c. 6) , ss. 5 , 7(2) , Sch. 3 Pt. II para.15 .
C4Order in Council made under s. 67(3) on 27.10.1971 by S.I. 1971/1749
C5The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C6The text of s. 69(3) and Sch. 6 paras. 84, 85 is in the form in which it was originally enacted: it was not wholly reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C7The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C8The text of s. 69(3) and Sch. 6 paras. 84, 85 is in the form in which it was originally enacted: it was not wholly reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C9The text of s. 69(3) and Sch. 6 paras. 84, 85 is in the form in which it was originally enacted: it was not wholly reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C10The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C11The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C12The text of ss. 6(2), 68, Sch. 6 paras. 83, 87 to 90 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C13The text of Sch. 14 is as it appears in the Taxes Acts (edited by Inland Revenue) and is incomplete.
F1S. 1 repealed by European Communities Act 1972 (c. 68) , s. 4 , Sch. 3 Pt. I ; Finance Act 1977 (c. 36) , s. 59(5) , Sch. 9 Pt. Irepealed
F2S. 2 repealed by Finance Act 1977 (c. 36) , s. 59(5) , Sch. 9 Pt. Irepealed
F3S. 3 repealed by Hydrocarbon Oil Duties Act 1979 (c. 5) , s. 28(2) , Sch. 7 ; Excise Duties (Surcharges or Rebates) 1979 (c. 8) , s. 4(3) , Sch. 2repealed
F4S. 4 , 5 repealed by Finance Act 1972 (c. 41) , ss. 54(8) , 134(7) , Sch. 28 Pt. IIrepealed
F5S. 6(1) repealed by Finance Act 1989 (c. 26, SIF 107:2) , s. 187(1) , Sch. 17 Pt. II (in relation to licences taken out after 14.3.1989)repealed
F6S. 7 repealed (13.10.1993) by Finance (No. 2 Act) 1992 (c. 48) , ss. 12(1)(a) , 82 , Sch. 18 Pt. IV ; SI 1993/2272 art.2 (with Sch. para. 2)this amendment (text repealed) should be read in conjunction with other related provisions, see the commentary.repealed
F7S. 8–10 repealed by Betting and Gaming Duties Act 1972 (c. 25) , s. 29(2) , Sch. 7repealed
F8S. 11 repealed by Customs and Excise Management Act 1979 (c. 2) , s. 177(3) , Sch. 6 Pt. Irepealed
F9S. 12 repealed by Finance Act 1973 (c. 51) , s. 59(7) , Sch. 22 Pt.Irepealed
F10Ss. 13 to 20 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31 .repealed
F11S. 21 repealed (with effect in accordance with s. 1034(1) of the repealing Act) by Income Tax Act 2007 (c. 3) , s. 1034(1) , Sch. 1 para. 265 , Sch. 3 Pt. 1 (with Sch. 2 )this amendment (text repealed) should be read in conjunction with other related provisions, see the commentary.repealed
F12Ss. 22 to 28 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)repealed
F13Chapter II, ss. 29-31 , ceased to have effect and was replaced by Finance (No. 2) Act 1975 Part III Ch. II, ss. 68-71 which was in turn replaced by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , ss.559-567 .
F14Chapter II, ss. 29-31 , ceased to have effect and was replaced by Finance (No. 2) Act 1975 Part III Ch. II, ss. 68-71 which was in turn replaced by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , ss.559-567 .
F15Chapter II, ss. 29-31 , ceased to have effect and was replaced by Finance (No. 2) Act 1975 Part III Ch. II, ss. 68-71 which was in turn replaced by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , ss.559-567 .
F16Ss. 32 to 36 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31 .repealed
F17S. 39 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)repealed
F18Ss. 40 to 54 repealed by Capital Allowances Act 1990 (c. 1, SIF 63:1) , s. 164(4) and Sch. 2. See Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 197D(8) — calculation of taxed mileage profit: vehicles used by employees.repealed
F19S. 55 repealed (1992-93 and subsequent years of assessment) by Taxation of Chargeable Gains Act 1992 (c. 12) , ss. 289(1) , 290 , Sch. 12 (with ss. 60 , 101(1) , 201(3) , Sch. 11 paras. 22 , 26(2) , 27 ).this amendment (text repealed) should be read in conjunction with other related provisions, see the commentary.repealed
F20S. 55(1) to (4) (6) and 56 repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , s. 158 and Sch. 8 for 1979-80 et seq.repealed
F21S. 57 repealed by Finance Act 1978 (c. 42) , ss. 44(7) , 80 , Sch. 13 Part IV for 1977-78 et seq. ]repealed
F22Ss. 58 to 60 repealed with savings and replaced by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , ss. 157(1) , 158 , Sch. 6 para. 10(2)(b) , Sch. 8 for 1979-80 et seq.repealed
F23Ss. 58 to 60 repealed with savings and replaced by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , ss. 157(1) , 158 , Sch. 6 para. 10(2)(b) , Sch. 8 for 1979-80 et seq.repealed
F24Ss. 58 to 60 repealed with savings and replaced by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , ss. 157(1) , 158 , Sch. 6 para. 10(2)(b) , Sch. 8 for 1979-80 et seq.repealed
F25Ss. 61 , 62 repealed with savings by Finance Act 1975 (c. 7) , ss. 50 , 52(2)(3) , 59 , Sch. 13 Part Irepealed
F26Ss. 63 repealed by Finance Act 1972 (c. 41) , ss. 122(5) , 134(7) , Sch. 28 Part VIIIrepealed
F27S. 64 repealed (27.7.1999 with effect as mentioned in Sch. 20 Pt. V(2) notes 1, 2 of the amending Act) by 1999 c. 16 , s. 139 , Sch. 20 Pt. V(2)repealed
F28S. 65 repealed by Finance Act 1976 (c. 40) , ss. 126(4) , 132(5) , Sch. 15 Pt. VIrepealed
F29S. 66 repealed by Finance Act 1982 (c. 39, SIF 63:1) , s. 157 , Sch. 22 Pt. Vrepealed
F30S. 67(2)(4) repealed by Northern Ireland Constitution Act 1973 (c. 36) , Sch. 6 Pt. IIrepealed
F31Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , Sch. 29 para. 32
F32Words omitted repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) s. 158, Sch. 8 for 1979-80 et seq.omitted, repealed
F33Sch. 1 repealed by Customns and Excise Management Act 1979 (c. 2, SIF 40:1) , s. 177(3) , Sch. 6 Part Irepealed
F34Sch. 2 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F35Sch. 3 repealed (with effect in accordance with s. 1034(1) of the repealing Act) by Income Tax Act 2007 (c. 3) , s. 1034(1) , Sch. 1 para. 265 , Sch. 3 Pt. 1 (with Sch. 2 )this amendment (text repealed) should be read in conjunction with other related provisions, see the commentary.repealed
F36Sch. 3 paras. 1 to 7 , 9 to 13 , Sch. 4 , Sch. 6 paras. 1 to 80 , 91 to 93 , Sch. 7 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F37Sch. 5 repealed by Finance (No. 2) Act 1975 (c. 45) , ss. 68(1) , 75(5) , Sch. 14 Part IV Note 1 with effect from 6 April 1977 except in relation to sums payable before that day under Finance Act 1971 s. 29repealed
F38Sch. 3 paras. 1 to 7 , 9 to 13 , Sch. 4 , Sch. 6 paras. 1 to 80 , 91 to 93 , Sch. 7 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F39S. 82 repealed by Capital Allowances Act 1990 (c. 1, SIF 63:1) , s. 132 , Sch. 19 Part V where a notice to deliver a return was, or falls to be, given after 5 April 1990.repealed
F40Sch. 6 paras. 84(a) , 85(b) repealed by Finance Act 1972 (c. 41) , s. 134 , Sch. 28 Part VIrepealed
F41Sch. 6 paras. 84(a) , 85(b) repealed by Finance Act 1972 (c. 41) , s. 134 , Sch. 28 Part VIrepealed
F42Sch. 6 para. 86 repealed by Finance (No. 2) Act 1975 (c. 45, SIF 63:1) , s. 75 , Sch. 14 Part IIIrepealed
F43Sch. 6 para. 87 repealed (29.4.1996 with effect as in accordance with Sch. 18 para. 17) by 1996 c. 8 , s. 205 , Sch. 41 Pt. V(8)repealed
F44Sch. 3 paras. 1 to 7 , 9 to 13 , Sch. 4 , Sch. 6 paras. 1 to 80 , 91 to 93 , Sch. 7 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F45Sch. 3 paras. 1 to 7 , 9 to 13 , Sch. 4 , Sch. 6 paras. 1 to 80 , 91 to 93 , Sch. 7 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F46Sch. 8 repealed by Capital Allowances Act 1990 (c. 1, SIF 63:1) , s. 164(4) , Sch. 2repealed
F47Sch. 9 paras. 1 to 3 , 5 , Schs. 10 , 12 repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , s. 158 , Sch. 8 for 1979-80 et seq. ]repealed
F48Sch. 9 para. 4 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) , s. 844 , Sch. 31repealed
F49Sch. 9 paras. 1 to 3 , 5 , Schs. 10 , 12 repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , s. 158 , Sch. 8 for 1979-80 et seq. ]repealed
F50Sch. 9 paras. 1 to 3 , 5 , Schs. 10 , 12 repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , s. 158 , Sch. 8 for 1979-80 et seq. ]repealed
F51Sch. 11 repealed by Finance Act 1978 (c. 42) , s. 80 , Sch. 13 Part IV for 1977-78 seq. ]repealed
F52Sch. 9 paras. 1 to 3 , 5 , Schs. 10 , 12 repealed by Capital Gains Tax Act 1979 (c. 14, SIF 63:2) , s. 158 , Sch. 8 for 1979-80 et seq. ]repealed
F53Words in Sch. 13 para. 1(1) substituted (1.3.2007) by National Health Service (Consequential Provisions) Act 2006 (c. 43) , s. 8(2) , Sch. 1 para. 49 (with Sch. 3 Pt. 1 )this amendment (text substituted) should be read in conjunction with other related provisions, see the commentary.substituted
F54Word substituted by National Health Service (Scotland) Act 1978 (c. 29) , Sch. 16 para. 36substituted
F55Words omitted and repealed by Finance (No. 2) Act 1975 (c. 45) , s. 75 , Sch. 14 Part IIIomitted, repealed
I1Act partly in force at Royal Assent, partly retrospective, partly prospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991repealed
M11971 c. 12 .
M21971 c. 27 (N.I.) .
M31968 c. 13 .
M41949 c. 23 .
M51968 c. 44 .
M61978 c. 29 .
X1The text of ss. 6(1), 7, 69(1)(4) was taken from SIF group 107:2 (Road Traffic:Vehicle Excise Duty), ss. 13–60, 69, Schs. 2–12, 14 from SIF group 63:1 (Income, Corporation and Capital Gains Taxes:Income and Corporation Taxes), ss. 66–69(1)(4)(5), Sch. 13 from SIF group 99:7 (Public Finance and Economic Control:Miscellaneous), ss. 64, 69(1)(4)-(6) from SIF group 114 (Stamp Duty); provisions omitted from SIF have been dealt with as referred to in other commentary.
X2General 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
Defined TermSection/ArticleIDScope of Application
in any periods. 68 of PART Vin_any_per_rtdHi1x
the Taxes Acts. 69 of PART VlegTermAetDYD0S

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