Finance Act 1964

1964 CHAPTER 49

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.

[16th July 1964]

Most Gracious Sovereign

WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom 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 to 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 Queen’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:—

PART I Customs and Excise

1 Spirits

(1) There shall be charged—

(a) on spirits distilled, or manufactured by any other process whatsoever, in the United Kingdom a duty of excise at the, rate shown in Table 1 in Schedule 1 to this Act, and

(b) on spirits imported into the United Kingdom duties of customs at the rates shown in Table 1 and Table 2 in that Schedule (of which those for imported perfumed spirits as shown in Table 2 are the same as the existing rates of duties).

(2) The rates of customs duties shown in the fourth and fifth columns of the said Table 1 apply respectively to spirits qualifying for Commonwealth preference and to spirits of Convention area origin within the meaning of the European Free Trade Association Act 1960, and the rates of customs duties in the third column of the said Table 1 apply to spirits which are not chargeable at the rates shown in the said fourth and fifth columns.

(3) In the application to the duties charged by this section of any provision contained in the customs Acts and passed before this Act, any reference to a preferential rate shall be taken as referring only to a rate for goods qualifying for Commonwealth preference, and any reference to the full rate (where distinguished from a preferential rate) shall be taken as including any Convention rate of duty.

(4) In the case of any mixture, compound or preparation which is recognised by the Commissioners as being used for medical purposes and which, on importation, is charged with duty under this section in respect of the spirit contained in it, or used in its preparation or manufacture, the duty under this section shall be reduced and charged—

(a) in the case of spirits not within paragraph 2(b) in Table 1 in Schedule 1 to this Act, at the rate of 14s. 9d. per proof gallon, and

(b) in the case of spirits within the said paragraph 2(b) at the rate of £1 per gallon.

(5) On the importation of goods not for human consumption containing spirits as a part or ingredient thereof, the Commissioners may, subject to such conditions as they may think fit to impose, direct the goods to be treated for the purposes of the customs Acts, and in particular section 259 (manufactured or composite goods containing articles chargeable with customs duty) of the Act of 1952, as not containing spirits.

(6) The duties charged by this section are instead of the duties charged at the rates set out in Schedule 1 to the Finance Act 1962.

(7) This section, except subsection (5), shall have effect as from 15th April 1964.

2 Beer

(1) There shall be charged—

(a) on beer brewed in the United Kingdom a duty of excise at the rates shown in Schedule 2 to this Act, and

(b) on beer imported into the United Kingdom duties of customs at the rates so shown.

(2) Drawback under sections 137 and 138 of the Act of 1952 shall, where it is shown to the satisfaction of the Commissioners that a duty of excise or customs charged under this section has been paid, be allowed at the appropriate rate shown in the said Schedule 2.

(3) The rates of duties of customs, and of customs drawback, shown in the fourth and fifth columns in the said Schedule 2 apply respectively to beer qualifying for Commonwealth preference and to beer of Convention area origin within the meaning of the European Free Trade Association Act 1960, and the rates of duties of customs, and of customs drawback, in the third column in the said Schedule 2 apply to beer which is not chargeable at the rates shown in the said fourth and fifth columns.

(4) The duties charged, and the drawbacks allowed, by this section are instead of the duties charged, and the drawbacks allowed, at the rates set out in Schedule 2 to the Finance Act 1962, and instead of the customs duty and the drawbacks charged and allowed in respect of beer under section 2 of the Finance Act 1933 and section 3(3) of the Finance Act 1957 (duty on hops and additional duty of customs in respect of beer).

(5) Black beer the worts whereof before fermentation were of a specific gravity of 1200 degrees or more shall not be charged with duty under section 1 of the Finance Act 1959 or with any duty under this section, and—

(a) except for the purpose of drawback of duty charged at the rates in force before the coming into force of this section, the expression " beer " in. the customs and excise Acts shall not include such black beer,

(b) the substances to which section 164 of the Act of 1952 (penalties for mis-describing substances as beer) apply shall not include such black beer, and for the purposes of that section the name " black beer" shall not in itself be taken to be such a description as to indicate that a substance is or is a substitute for, or bears any resemblance to, beer or any description of beer,

(c) all references in the customs and excise Acts to black beer shall be omitted, and

(d) section 2 of the Finance Act 1930 (duty on imported black beer) shall cease to have effect.

In this subsection " black beer " means beer of the description called or similar to black beer, mum, spruce beer or Berlin white beer, and any other preparation, whether fermented or not, of a similar character, and in the definition of " beer " in section 307(1) of the Act of 1952 the words " black beer " shall be omitted but that shall not be taken as excluding from that definition anything other than black beer of the kind exempted from duty by this subsection.

(6) This section shall have effect as from 15th April 1964.

3 Wine and British wine

(1) There shall be charged—

(a) on wine imported into the United Kingdom duties of customs at the rates shown in Schedule 3 to this Act, and

(b) on British wine a duty of excise at the rates shown in Schedule 4 to this Act.

(2) The rates of customs duties shown in the third column of the said Schedule 3 apply to wine qualifying for Commonwealth preference, and the rates of customs duties in the second column of the said Schedule 3 apply to wine not so qualifying.

(3) Each of the rates specified in the said Schedule 3 to this Act for light wine which qualifies for Commonwealth preference shall be increased by one shilling for any period for which the Treasury by order so direct.

Subsections (1) to (4) of section 13 of the Import Duties Act 1958 (which relate to the making, revocation, annulment and approval of orders under that Act) shall apply in relation to orders under this subsection as they apply in relation to orders under that Act.

(4) For the purposes of this section and Schedule 3 to this Act " wine " includes the lees of wine.

(5) The duties charged by this section are instead of the duties charged at the rates set out in Schedule 3 to the Finance Act 1962.

(6) This section shall have effect as from 15th April 1964.

4 Tobacco

(1) There shall be charged—

(a) on tobacco imported into the United Kingdom duties of customs at the rates shown in Table 1 in Schedule 5 to this Act, and

(b) on tobacco grown in the United Kingdom duties of excise at the rates shown in Table 2 in that Schedule.

(2) Drawback under section 183 of the Act of 1952 shall, where it is shown to the satisfaction of the Commissioners that a duty of customs or excise charged under this section has been paid, be allowed at the appropriate rate shown in Table 3 in Schedule 5 to this Act.

(3) The rates of customs duties shown in the third and fourth columns of Table 1 in Schedule 5 to this Act apply respectively to tobacco qualifying for Commonwealth preference, and to tobacco of Convention area origin within the meaning of the European Free Trade Association Act 1960, and the rates of customs duties shown in the second column of that Table apply to tobacco which is not chargeable at the rates shown in the said third and fourth columns; and the appropriate rates of drawback are shown accordingly in Table 3 in Schedule 5 to this Act.

(4) In subsections (2) and (3) of section 8 of the Finance Act 1919 (modifications of preferential rate) the expression " preferential rate" shall mean the Commonwealth rates of customs duty shown in Table 1 in Schedule 5 to this Act.

(5) The duties charged, and the drawbacks allowed, by this section are instead of the duties charged, and the drawbacks allowed, at the rates set out in Schedule 4 to the Finance Act 1962.

(6) This section shall have effect as from 15th April 1964.

5 Hydrocarbon oils: increase of excise duty

(1) On any hydrocarbon oils produced in the United Kingdom which, on or after 1st January 1965, are delivered for home use from a refinery or from other premises used for the production of hydrocarbon oils or from any bonded storage for hydrocarbon oils, and are not chargeable with the customs duty on hydrocarbon oils, there shall be charged, in lieu of the duty under section 2 of the Finance Act 1950 (which, as amended by the Hydrocarbon Oils (Excise Duty) Order 1953, charges excise duty at a rate one shilling and threepence per gallon less than the customs duty on hydrocarbon oils), a duty of excise at the rate at which the customs duty on hydrocarbon oils is for the time being chargeable; and section 3 of the Finance Act 1950 (which charges excise duty on petrol substitutes at the same rate as that applying to hydrocarbon oils) shall have effect accordingly.

(2) An allowance under section 206 of the Act of 1952 on hydrocarbon oils delivered to a refinery and used therein shall not be payable in respect of oils so used on or after 1st January 1965, and excise duty on those oils shall therefore not be charged under section 197(1)(c) of that Act; nor shall excise duty be charged under section 197(1)(b) thereof when oils are removed on or after that date to a refinery not primarily used for the production of hydrocarbon oils.

(3) Nothing in the foregoing subsections shall apply to oils in respect of which the excise duty on hydrocarbon oils is charged before 1st January 1965.

6 Hydrocarbon oils: reliefs

(1) The Commissioners of Customs and Excise may: permit hydrocarbon oil to be delivered for home use to an approved person without payment of customs or excise duty chargeable thereon where the oil—

(a) is to be used by him as a material, solvent, extractant, preservative or finish in the manufacture or preparation of any article, not being hydrocarbon oil or an article which in the opinion of the Commissioners should, according to its use, be classed with hydrocarbon oil; or

(b) is to be supplied by him in the course of a trade of supplying oil for use as such a material, solvent, extractant, preservative or finish.

(2) Where the Commissioners are authorised to give permission under subsection (1) above in the case of any oil, but the permission is for any reason not given, the Commissioners shall, if they are satisfied that the oil has been used by an approved person as mentioned in paragraph (a) of that subsection, repay to him the amount of the customs or excise duty paid thereon, less any rebate allowed in respect of the duty.

(3) Where any imported goods contain hydrocarbon oil as a part or ingredient thereof the oil shall be disregarded in the application to the goods of section 259 (charge of duty on manufactured or composite articles) of the Act of 1952 unless in the opinion of the Commissioners they should, according to their use, be classed with hydrocarbon oil.

(4) On light oils charged with the customs or excise duty on hydrocarbon oils and delivered for home use as furnace fuel for burning in vaporised or atomised form by an approved person there shall be allowed, at the time of delivery and according to the same quantity as that according to which that duty is charged, a rebate of duty at a rate twopence a gallon less than the rate at which the duty is charged.

(5) The Commissioners may make regulations for any of the purposes of subsections (1), (2) and (4) above or of section 200 (denial of rebate for heavy oils to be used in road vehicles) of the Act of 1952, and in particular for the purposes specified in Part I of Schedule 6 to this Act (paragraphs 5 to 21 of which reproduce, with modifications required for the purposes of subsections (1), (2) and (4) above and other modifications of a minor nature, the provisions of paragraphs (a) to (d) of section 202(1) of the Act of 1952 and Part I of Schedule 2 to the Finance Act 1960); and—

(a) for the purposes of the provisions of the customs and excise Acts relating to hydrocarbon oils the presence in any hydrocarbon oils of a marker which, in regulations made under this subsection, is prescribed in relation to rebated heavy oils or rebated light oils or oils delivered without payment of duty under subsection (1) above, shall be conclusive evidence that the rebate in question has been allowed on those oils or, as the case may be, that they have been so delivered ;

(b) if any person contravenes or fails to comply with any regulation made under this subsection, he shall be liable to a penalty of three times the value of any goods in respect of which the offence was committed or one hundred pounds, whichever is the greater, and any such goods shall be liable to forfeiture.

(6) The provisions of Part II of Schedule 6 to this Act shall have effect for amending subsections (3) and (4) (penalties for unauthorised use of rebated heavy oils) of the said section 200 ; the provisions of Part III of that Schedule shall apply for restricting the use of oils delivered without payment of duty under subsection (1) above or on which rebate has been allowed under subsection (4) above, and for the punishment of contraventions of the restrictions ; and the provisions of Part IV of that Schedule shall have effect for amending Part II (sampling of oils) of Schedule 2 to the Finance Act 1960 and applying its provisions, as so amended, to samples taken by virtue of subsection (5) above.

(7) In the definition of "rebate " contained in section 195(1) of the Act of 1952 there shall be added at the end the words " or section 6(4) of the Finance Act 1964 ", and in paragraph 7 of Schedule 4 to the Finance Act 1961 there shall be inserted after the words " section 3 of this Act " the words " and section 6(2) of the Finance Act 1964 ".

(8) This section shall have effect as from 1st September 1964.

7 Pool betting duty and bookmakers' licence duty

(1) The following provisions shall have effect as regards the rates of the pool betting duty and the bookmakers' licence duty:—

(a) in section 1(2) of the Betting Duties Act 1963 (which provides for the rates of pool betting duty to be 10 per cent. in the case of certain totalisator bets on dog races and 33 per cent. in all other cases) for the words " 10 per cent." and " 33 per cent." there shall be substituted respectively the words " 5 per cent. " and " 25 per cent." ; and

(b) in section 4(2) of that Act (which sets out a Table showing in the third column the standard amount in different cases of the bookmakers' licence duty) for each of the figures stated in the third column of the Table there shall be substituted a figure of half the amount.

(2) The amount on which the pool betting duty is to be computed under section 1(2) of the Betting Duties Act 1963 shall include in addition to the stake money the expenses and profits of the promoter of the betting or any other person concerned with or benefiting from the promotion of the betting so far as they are not provided for out of the stake money and are not shown to be referable to matters other than the promotion and management of the betting and activities ancillary thereto or connected therewith, and all payments made for or on account of or in connection with any bets made by way of pool betting in addition to the stake money by the persons making the bets shall be treated as representing amounts on which duty is chargeable by virtue of this subsection except in so far as the promoter of the betting proves the contrary:

Provided that there shall be excepted from any charge to duty by virtue of this subsection the amount of any benefit accruing from the betting to a society established and conducted for charitable purposes only or to a society established and conducted wholly or mainly for the support of athletic sports or athletic games and not established or conducted for purposes of private gain, if the benefit is provided by means of payments which are made for the purpose by persons making bets and are not payments without which bets cannot be

In this subsection " society " includes any club, institution, organisation or association of persons, by whatever name called.

(3) The bets on which the pool betting duty is charged shall include bets made at fixed odds, where they are made with a bookmaker in Great Britain by way of coupon betting, and for this purpose bets shall be deemed to be made by way of coupon betting where they are made in pursuance of an invitation which offers stated odds for a choice of bets, being bets of a description not commonly made without such an invitation, unless made by way of pool betting, and not of a description commonly made by means of a totalisator; and subject to subsection (4) below the Betting Duties Act 1963, except section 3 (which defines pool betting), shall apply in relation to bets made by way of coupon betting as if they were bets made by way of pool betting.

(4) Where a bookmaker carries on a business which involves or may involve any sums becoming payable by him by way of the pool betting duty in respect of bets made by way of coupon betting Schedule 1 to the Betting Duties Act 1963 shall have effect subject to the following modifications:—

(a) paragraph 2 (which requires notice to the Commissioners of a business involving liability to pool betting duty) shall not require the bookmaker to make entry of premises used for the purposes of the business in connection only with coupon betting operations, but shall require him not later than the date when he first uses any premises for the purposes of the business in connection with coupon betting operations to notify the Commissioners of those premises being so used (whether or not he is also required by paragraph 2 to make entry of them), and in relation to books, records, accounts and documents relating to coupon betting operations the reference in paragraph 3 to premises of which entry has been made under paragraph 2 shall have effect as a reference to premises about which the Commissioners have been so notified;

(b) paragraph 2 shall also require the bookmaker to notify the Commissioners of the name of any person acting as his agent for receiving or negotiating bets so made or otherwise conducting coupon betting operations, and the address of any such person (including any address at which he so acts);

(c) paragraph 3 (which relates to the keeping and preservation of records, the furnishing of information etc.) shall apply to any person so acting as agent for a bookmaker as it applies to the bookmaker, except that in relation to such an agent any reference to premises of which entry has been made as mentioned in paragraph 2 shall have effect as a reference to an address notified under that paragraph as an address at which the agent acts, and any reference to the business of the bookmaker shall include any of the agent's activities in connection with the business; and

(d) in the case of a bookmaker who at the date this Act is passed is carrying on or intending to carry on such a business as aforesaid, paragraph 2 shall have effect to require him to notify the Commissioners of his doing so or intending to do so and of the matters referred to in paragraphs (a) and (b) above not later than one week after that date, unless apart from this paragraph he would be required to notify them only by a later time.

(5) This section, so far as it relates to the pool betting duty, shall have effect as respects bets made at any time by reference to any event taking place on or after the 3rd August 1964 and, so far as it relates to the bookmakers' licence duty, as respects any licence to carry on bookmaking at a meeting held on or after that day.

8 Surcharges and rebates under s. 9 of Finance Act 1961

(1) The period after which orders of the Treasury under section 9 of the Finance Act 1961 may not be made or continue in force (which by section 1(1) of the Finance Act 1963 was extended until the end of August 1964) shall extend until the end of August 1965 or such later date as Parliament may hereafter determine.

(2) For the purposes of the following provisions of this section the duties to which the said section 9 applies shall be divided into five groups, namely—

(a) duties of customs or excise chargeable in respect of tobacco,

(b) duties of customs or excise chargeable in respect of spirits (other than power methylated spirits), beer, wine and British wine,

(c) duties of customs or excise chargeable in respect of hydrocarbon oils, petrol substitutes and power methylated spirits,

(d) purchase tax,

(e) all other duties.

(3) An order under the said section 9 made after the passing of this Act may apply to the duties within one or more of the said groups without applying to the duties within the remainder of those groups and may (subject to the limit of ten per cent. imposed by subsection (2) of the said section 9) prescribe a different percentage, by way of addition or deduction, as respects different groups.

(4) The percentage prescribed, by way of addition or deduction, as respects a group shall apply to any drawback connected with the duties within the group, but not to any drawback connected with other duties.

(5) Neither the power conferred by subsection (3) of this section, nor that power when taken with the power of varying orders conferred by paragraph 1 of Schedule 3 to the Finance Act 1961, shall be taken as authorising the making of an order which does not apply uniformly to all the duties within one group or the making of an order the effect of which is that a percentage by way of addition is prescribed as respects one or more groups of duties, and a percentage by way of deduction is prescribed as respects some other group of duties, but this subsection shall not be taken as affecting paragraph 3 of Schedule 3 to the Finance Act 1961 (under which an order may be made so as to come into operation at different times of the day for different duties).

(6) In the case of an order made after the passing of this Act other than an order which, as respects all or any of the groups of duties.—

(a) prescribes a percentage by way of addition to duty, or increases a percentage so prescribed, or

(b) withdraws, or reduces, a percentage prescribed by way of deduction from duty,

in reckoning the period of twenty-one days specified in paragraph 2(2) of Schedule 3 to the Finance Act 1961 (orders to cease to have effect unless approved by the Commons House), no account shall be taken of any time during which Parliament is dissolved or prorogued or during which the Commons House is adjourned for more than four days.

(7) In this section " duty " has the same meaning as in section 9 of the Finance Act 1961 and " drawback" includes any rebate or allowance.

9 Repeal of television advertisement duty

The television advertisement duty shall not be charged in respect of any insertion of an advertisement in a television programme broadcast after the 29th July 1964, and accordingly in section 1 of and Schedule 1 to the Finance Act 1961—

(a) references to a television programme shall not include any programme so broadcast; and

(b) sub-paragraphs 3(1) and (2) of the Schedule (which require broadcasters to notify the Commissioners of Customs and Excise of their address, to keep records etc.) shall not have effect after the end of the year 1964.

10 Stores

(1) Subject to section 272 of the Act of 1952 (by which goods for use in naval ships or establishments may be required to be treated as exported), any goods for use in a ship or aircraft as merchandise for sale by retail to persons carried therein shall be treated for the purposes of the customs and excise Acts as stores, and any reference in those Acts to the consumption of stores shall, in relation to goods so treated, be construed as referring to the sale thereof as aforesaid.

(2) Section 18 of the Purchase Tax Act 1963 (which affords relief from purchase tax in respect of goods exported or being ships' stores) shall be amended as follows, that is to say:—

(a) for the words " ships' stores " in subsection (4) there shall be substituted the words " stores for use in any ship or aircraft "; and

(b) in that subsection, as so amended, " stores " shall include goods for use as mentioned in subsection (1) above, and any other goods being stores as defined in section 307 of the Act of 1952, and "ship " shall include any boat or other vessel whatsoever.

11 Exemption from excise duty of vehicles modified for invalids

(1) A mechanically propelled vehicle fitted with controls enabling it to be driven by persons having a particular disability, and registered in the name of such a person under the Vehicles (Excise) Act 1962, shall not be chargeable with any duty under that Act by reason of its use by or for the purposes of that person, or by reason of its being kept for such use, where—

(a) he caused the controls to be fitted to the vehicle and obtained in respect of the cost thereby incurred a grant paid by the Minister of Health or (in Scotland) the Secretary of State out of moneys provided by Parliament ; or

(b) whether or not he caused the controls to be fitted to the vehicle, his disability is of a kind in the case of which grants in respect of the fitting of such controls are so paid;

and where regulations under section 16(3) (registration and identification of exempted vehicles) of that Act require a person to furnish particulars as to a vehicle exempted from duty by this section, they may require him to furnish in addition such evidence of the facts giving rise to the exemption as is prescribed by the regulations.

(2) This section shall come into force on 1st September 1964.

PART II Income Tax and Profits Tax

12 Charge of income tax for 1964-65

Income tax for the year 1964-65 shall be charged at the standard rate of 7s. 9d. in the pound, and in the case of an individual whose total income exceeds £2,000 at such higher rates in respect of the excess as Parliament may hereafter determine.

13 Surtax rates for 1963-64

Income tax for the year 1963-64 shall be charged, in the case of an individual whose total income exceeded £2,000, at the same higher rates in respect of the excess as were charged for the year 1962-63.

14 Relief for persons over sixty-five with small incomes

In section 13 of the Finance Act 1957 (relief for persons over sixty-five with small incomes), as amended by section 8(2) of the Finance Act 1962 and section 12(7) of the Finance Act 1963, for the references to £325 and to £520 (the income limits for exemption) there shall be substituted references to £360 and to £575; and (as regards the marginal relief) for the reference to £75 (the addition to the income limit) there shall be substituted a reference to £130.

15 Transfer of part of company's trade without change of ownership

(1) Where on a change in the year 1964-65 or any subsequent year of assessment in the persons carrying on a part of a trade a person carries on that part as his separate trade, and if it had been carried on as a separate trade immediately before the change subsection (1) of section 17 (company reconstruction without change of ownership not to be treated as involving a discontinuance of the trade) of the Finance Act 1954 would have applied to the change, then—

(a) the part in question shall be treated for all the purposes of the Income Tax Acts not as a new trade set up and commenced by that person, but as carried on by him in continuation of a separate trade consisting of that part; and

(b) so far as may be necessary for that purpose, there shall be made such apportionments as may be just of any profits or gains, losses, allowances or charges.

(2) Schedule 3 to the Finance Act 1954 (which contains provisions for supplementing and giving effect to the said section 17) shall apply in relation to the change as if it were an event falling to be treated by subsection (3) of the said section 17 as a change to which subsection (1) thereof applies, but so that paragraph 6 of that Schedule (which modifies the provisions of section 143 of the Income Tax Act 1952 as to the valuation of trading stock on a discontinuance) shall be taken to require that, in computing for the purposes of this section any profits or gains, section 143 of the Income Tax Act 1952 shall apply in relation to the change as it applies on the discontinuance of a trade.

(3) Where, on changes in the persons respectively carrying on parts of two or more trades, a person carries on those parts together as his separate trade and, in the case of each of the parts, the foregoing provisions of this section would apply if that part alone were so carried on by him, those provisions shall apply separately in relation to each part and the trade carried on by him shall for that purpose be treated as divided into separate trades each corresponding to one of the said parts, and shall not for any of the purposes of the Income Tax Acts be treated as a new trade set up and commenced by him.

16 Extension of double taxation relief in respect of certain dividends

(1) In the following provisions of the Income Tax Acts (which relate to the allowance of double taxation relief on certain dividends paid to a company resident in the United Kingdom and controlling, directly or indirectly, a specified proportion of the voting power in the company paying the dividend, and provide for taking account of foreign tax paid by the last-mentioned company in respect of its profits), that is to say.—

(a) in the Income Tax Act 1952, paragraph 10 of Schedule 16 and paragraph 3 of Schedule 17; and

(b) in the Finance Act 1962, subsection (2) of section 20;

for the words " not less than one-half of the voting power " there shall in each case be substituted the words " not less than one-quarter of the voting power ".

(2) Accordingly there shall cease to have effect so much of section 20 of the Finance Act 1962 as provides for companies which control, in the company paying the dividend, a proportion of the voting power greater than one-quarter and are subject to a local limitation preventing them from controlling a larger proportion.

(3) For the purposes of the provisions of the Income Tax Acts mentioned in subsection (1) of this section a company shall be deemed to control, directly or indirectly, not less than one-quarter of the voting power in another company if a third company having such control also controls, directly or indirectly, not less than one-half of the voting power in the first-mentioned company.

(4) This section, and any repeal made by this Act in section 20 of the Finance Act 1962 (or in the enactments amended by that section), shall have effect only in relation to dividends by reference to which income tax is chargeable for the year 1964-65 or a subsequent year of assessment and (for the purposes of the profits tax) in relation to any other dividends which are received after the end of March 1964 and by reference to which income tax is not chargeable for any year of assessment.

17 Plant and machinery and other assets leased to traders and others

(1) Subject to the next following section, where—

(a) a deduction by way of income tax relief which is of one of the kinds listed in subsection (4) hereof is allowable in respect of a payment made under a lease of an asset of any description, and

(b) before, at or after the time when the payment is made the person who made the payment has obtained or obtains a capital sum in respect of the lessee's interest in the lease, or, before, at or after that time, the lessor's interest in the lease, or any other interest in the asset, has belonged to a person associated with the person who made the payment, and that person so associated with the person who made the payment has obtained a capital sum in respect of that interest,

the person obtaining that sum shall be charged under Case VI of Schedule D for the year of assessment in which the sum is obtained with tax on an amount equal to the amount of the payment in respect of which tax relief is so allowed:

Provided that the total amount on which he is assessed by reference to the capital sum shall not exceed the amount of the capital sum.

(2) Subject to the next following section, where—

(a) in computing the profits or losses of a trade or business for the purposes of the profits tax a deduction is allowable in respect of a payment made under a lease of an asset of any description, and

(b) before, at or after the time when the payment is made the person who made the payment has obtained or obtains a capital sum in respect of the lessee's interest in the lease, or, before, at or after that time, the lessor's interest in the lease, or any other interest in the asset, has belonged to a person associated with the person who made the payment, and that person so associated with the person who made the payment has obtained a capital sum in respect of that interest,

the person obtaining that sum shall be treated for the purposes of the profits tax as having received income chargeable to the profits tax at the time when the sum is obtained of an amount equal to the amount of the payment in respect of which a deduction was so made :

Provided that the total amount of the income which is to be treated as arising under this subsection by reference to the capital sum shall not exceed the amount of the capital sum.

(3) Subsections (1) and (2) of this section shall not apply to payments under a lease created on or before 14th April 1964.

(4) The kinds of deductions by way of income tax relief to which subsection (1) of this section applies are as follows—

(a) a deduction in computing profits or gains or losses of a trade, profession or vocation for the purposes of income tax,

(b) a deduction in computing profits or gains chargeable under Case VI of Schedule D, or in computing any loss for which relief is allowable under section 346 of the Income Tax Act 1952,

(c) allowance of a payment as forming part of expenses of management in respect of which relief may be given under section 425 of the Income Tax Act 1952 (including in the reference to the said section 425 a reference to that section as applied by section 438 of that Act (savings banks and certain industrial and provident societies) or by section 69 of the Finance Act 1960 (unit trust schemes),

(d) a deduction from emoluments to be assessed under Schedule E made in pursuance of paragraph 7 of Schedule 9 to the Income Tax Act 1952, or allowable in computing losses in an employment for income tax purposes,

(e) a deduction allowable for income tax purposes in computing profits or gains or losses arising from woodlands.

(5) Where the deduction by way of income tax relief mentioned in subsection (1)(a) of this section is a deduction in computing profits or gains or losses of a trade, profession or vocation, or arising from woodlands, and any part of the payments made under the lease by the person obtaining the capital sum is a payment in respect of which a deduction is not allowed for the reason that the whole or any part of the period in which the payment would fall to be allowed is not a period on the profits or gains of which income tax falls to be computed in respect of the trade, profession or vocation, for the reference in the proviso to the said subsection (1) to the amount of the capital sum there shall be substituted a reference to that amount after deducting the amount of the payment in respect of which a deduction is not allowed for that reason.

(6) In subsection (2) of this section references to any deduction allowable or made in computing the profits or losses of a trade or business include references to a deduction which would be so allowable or made but for the provisions of section 42(5) of the Finance Act 1938 (payments by one member of a group of companies to another).

(7) Part I of Schedule 7 to this Act shall apply for the purposes of this section, and in this section and that Schedule—

• " asset " means any description of property or rights other than land or an interest in land, and

• " lease ", in relation to an asset, means any kind of agreement or arrangement under which payments are made for the use of, or otherwise in respect of, an asset, and includes, in particular, any agreement or arrangement all or any of the payments under which represent instalments of, or payments towards, a purchase price,

but, in relation to a lease which constitutes a hire-purchase agreement as denned in Part II of Schedule 7 to this Act, this section shall have effect subject to the modifications set out in the said Part II.

18 Plant and machinery and other assets leased to persons carrying on trade, etc.: special cases

(1) This section shall apply, and the last foregoing section shall not apply, to payments—

(a) which are allowable by way of deductions in computing the profits or gains or losses of a trade, and

(b) which are made under a lease of an asset which at any time before the creation of the lease was used for the purposes—

(i) of that trade, or

(ii) of another trade carried on by the person who at that time or later was carrying on the first mentioned trade,

and, when so used, was owned by the person carrying on the trade in which it was being used.

(2) Subject to this section, the deduction allowable in computing the profits or gains or losses of the trade for the purposes of income tax as respects any such payment shall not exceed the commercial rent of the asset for the period for which the payment was made.

(3) If under subsection (2) of this section part of a payment which would otherwise be allowable as a deduction is not so allowable, and one or more subsequent payments are made by the same person under the same lease, that part of the first-mentioned payment may be carried forward and treated for the purposes of computing the profits or gains or losses of the trade for the purposes of income tax as if it were made at the time when the next of those subsequent payments was made, and so made for the period for which that subsequent payment was made.

(4) For the purposes of subsection (2) of this section—

(a) if more than one payment is made for the same period the payments shall be taken together,

(b) if payments are made for periods which overlap, the payments shall be apportioned, and the apportioned payments which belong to the common part of the overlapping periods shall be taken together,

(c) the foregoing references to payments include references to parts of payments which under subsection (3) of this section are treated as if made at a time subsequent to that at which they were made,

and to the extent that a part of a payment carried forward under subsection (3) of this section is not allowable as a deduction it may again be carried forward under the said subsection (3).

(5) A payment made for a period all of which falls more than one year after the payment is made shall be treated for the purposes of this section as made for that period of one year beginning with the date on which the payment is made, and a payment for a period part of which falls after the end of that year shall be treated for those purposes as if a corresponding part of the payment was made for that year (and no part for any later period).

(6) For the purpose of making a comparison under subsection (2) of this section between a payment, or payments taken together, and the commercial rent of the asset, " commercial rent" shall mean the rent which might at the relevant time be expected to be paid under a lease of the asset for the remainder of the anticipated normal working life of the asset, being a rent payable at uniform intervals and at a uniform rate which would afford a reasonable return for its market value at the relevant time, having regard to the terms and conditions of the lease, and in this subsection—

• " anticipated normal working life " has, for any asset, the meaning given, for machinery and plant, by section 281(6) of the Income Tax Act 1952, and

• " the relevant time " means the time when the lease was created under which the payment was made with which the commercial rent is to be compared:

Provided that if the asset is used at the same time partly for the purposes of the trade and partly for other purposes the commercial rent as defined in this subsection shall be determined by reference to what would be paid for such a partial use of the asset.

(7) This section shall not apply in relation to payments made under a lease created on or before 14th April 1964.

(8) In this section references to the person carrying on a trade are references to the person carrying on the trade for the time being, and where at any time a person succeeds to a trade which until that time was carried on by another person, and by virtue of section 19 of the Finance Act 1953 the trade is to be treated as discontinued, the trade shall, nonetheless, be treated as the same trade for the purposes of this section.

(9) In this section references to a trade include references to a profession or vocation.

(10) In this section "asset" and "lease" have the same meanings as in the last foregoing section.

19 Land sold and leased back: limitation on tax reliefs

(1) If at any time after 14th April 1964 land or any estate or interest in land is transferred from one person to another and—

(a) as a result of a lease of the land or any part of the land granted at that time or subsequently by the transferee to the transferor, or

(b) as a result of any other transaction or series of transactions affecting the land or any estate or interest in the land,

the transferor, or any person who is associated with the transferor, becomes liable at the time of the transfer or subsequently to pay any rent under a lease of the land or any part of the land, this section shall apply to all rent due under the lease from the transferor, or from any person who is associated with the transferor.

(2) If at any time after 14th April 1964 land or any estate or interest in land is transferred from one person to another, and, as a result of any transaction or series of transactions affecting the land or any estate or interest in the land, the transferor, or any person who is associated with the transferor, becomes liable at the time of the transfer or subsequently to make any payment (other than rent under a lease) for which tax relief of any of the kinds listed at the end of this section is available, being a payment by way of rentcharge on the land or any part of the land or a payment in any other way connected with the land, this section shall apply to all such payments under the rent charge or other transaction due from the transferor, or from any person who is associated with the transferor.

(3) The references in subsections (1) and (2) of this section to the transfer of an estate or interest in land include references to the granting of a lease or any other transaction involving the creation of a new estate or interest in the land and also include references to the transfer of the lessee's interest under a lease by surrender or forfeiture of the lease, and references to any transaction or series of transactions affecting land, or an estate or interest in land, such that some person is the owner, or one of the owners, before and after the carrying out of the transaction or transactions, but another person becomes or ceases to become one of the owners ; and in relation to any such transaction or series of transactions any person who is an owner before the carrying out of the transaction or transactions, and is not the sole owner thereafter, shall be regarded for the purposes of this section as a transferor.

(4) A deduction by way of income tax relief which is one of the kinds to which this section applies, being a deduction in respect of rent or of any other payment to which this section applies, shall not exceed the commercial rent for the period for which the rent or other payment is made of the land in respect of which that payment is made.

(5) If under subsection (4) of this section part of a payment which would otherwise be allowable as a deduction by way of income tax relief of one of the kinds listed at the end of this section is not so allowable, and one or more subsequent payments are made by the transferor, or a person who is associated with the transferor, under the lease or other transaction, that part of the first-mentioned payment may be carried forward and treated for the purposes of any such deduction by way of income tax relief as if it were made at the time when the next of those subsequent payments was made, and so made for the period for which that subsequent payment was made.

(6) For the purposes of subsection (4) of this section—

(a) if more than one payment is made for the same period the payments shall be taken together,

(b) if payments are made for periods which overlap, the payments shall be apportioned, and the apportioned payments which belong to the common part of the overlapping periods shall be taken together,

(c) the foregoing references to payments include references to parts of payments which under subsection (5) of this section are treated as if made at a time subsequent to that at which they were made, and to the extent that a part of a payment so carried forward under subsection (5) of this section is not so allowable as a deduction by way of income tax relief, it may again be carried forward under subsection (5) of this section,

(d) so much of any payment as is in respect of services or the use of assets (as defined in section 17 of this Act) or rates usually borne by the tenant shall be excluded, and in determining the amount to be so excluded provisions in any lease or agreement fixing the payments or parts of payments which are in respect of services or the use of assets may be overridden.

(7) A payment made for a period all of which falls more than one year after the payment is made shall be treated for the purposes of this section as made for that period of one year beginning with the date on which the payment was made, and a payment for a period part of which falls after the end of that year shall be treated for those purposes as if a corresponding part of the payment was made for that year (and no part for any later period).

(8) For the purpose of making a comparison under subsection (4) of this section between a payment consisting of rent under a lease (in this subsection referred to as " the actual lease "), or such payments taken together, and the commercial rent of the land, " commercial rent" shall mean the rent which might be expected to be paid under a lease of the land negotiated in the open market at the time when the actual lease was created, being a lease which is of the same duration as the actual lease, which is, as respects liability for maintenance and repairs, subject to the terms and conditions of the actual lease and which provides for rent payable at uniform intervals and—

(a) at a uniform rate, or

(b) if the rent payable under the actual lease is rent at a progressive rate (and such that the amount of rent payable for any year is never less than the amount payable for any previous year), a rent which progresses by gradations proportionate to those provided by the actual lease.

(9) For the purpose of making a comparison under subsection (4) of this section between a payment which does not consist of rent under a lease (or such a payment taken together with other payments) and the commercial rent of the land, " commercial rent" shall mean the rent which might be expected to be paid under a tenant's repairing lease as defined in paragraph 19 of Schedule 4 to the Finance Act 1963 negotiated in the open market at the time when the transaction was effected under which the payment or payments became due, being—

(a) where the period over which payments are to be made under that transaction is not less than 200 years, or the obligation to make such payments is perpetual, a lease for 200 years, and

(b) where that period is less than 200 years, a lease which is of the same duration as that period.

(10) In this section references to rent under a lease include references to rent which the person entitled to the lease is under Chapter II of Part II of the Finance Act 1963 treated, for any purpose, as paying in respect of land comprised in the lease, and such rent shall be treated for the purposes of this section as having been paid from day to day as it has become due.

(11) For the purposes of this section the following persons shall be deemed to be associated with one another, that is—

(a) the transferor in any such transaction as is described in subsection (1) or subsection (2) of this section, and the transferor in another such transaction, if those two persons are acting in concert, or if the two transactions are in any way reciprocal, and any person who is an associate of either of those associated transferors;

(b) any two or more bodies corporate participating in, or incorporated for the purposes of, a scheme for the reconstruction of any body or bodies corporate or for the amalgamation of any two or more bodies corporate;

(c) any persons who are associates as defined in Schedule 7 to this Act.

(12) In this section—

(a) " lease " includes an underlease, sublease or any tenancy or licence, and any agreement for a lease, underlease, sublease or tenancy or licence and, in the case of land outside the United Kingdom, any interest corresponding to a lease as so defined; and, in relation to such land, expressions in this section relating to interests in land and their disposition shall be construed accordingly; and

(b) " rent" includes any payment made under a lease as so defined.

(13) The kinds of deductions by way of income tax relief to which this section applies are as follows—

(a) any of the kinds of deductions described in section 17 of this Act, and

(b) a deduction in computing profits or gains chargeable under Case VIII of Schedule D allowable by virtue of Schedule 4 to the Finance Act 1963.

20 Tax treatment of receipts and outgoings on sale of land

(1) Where by virtue of a contract for the sale of an estate or interest in land there falls to be apportioned between the parties a receipt or outgoing in respect of the estate or interest which becomes due after the making of the contract but before the time to which the apportionment falls to be made, and a part of the receipt is therefore receivable by the vendor in trust for the purchaser or, as the case may be, a part of the outgoing is paid by the vendor as trustee for the purchaser, the purchaser shall be treated for the purposes of tax under Case VIII of Schedule D as if that part had become receivable or payable on his behalf immediately after the time to which the apportionment falls to be made.

(2) Where by virtue of such a contract there falls to be apportioned between the parties a receipt or outgoing in respect of the estate or interest which became due before the making of the contract, the parties shall be treated for the purposes of tax under Case VIII of Schedule D as if the contract had been entered into before the receipt or outgoing became due, and subsection (1) above shall apply accordingly.

(3) Where on the sale of an estate or interest in land there is apportioned to the vendor a part of a receipt or outgoing in respect of the estate or interest which is to become receivable or be paid by the purchaser after the making of the apportionment, then for the purposes of tax under Case VIII of Schedule D—

(a) when the receipt becomes due or, as the case may be, the outgoing is paid, the amount of it shall be treated as reduced by so much thereof as was apportioned to the vendor;

(b) the part apportioned to the vendor shall be treated as if it were of the same nature as the receipt or outgoing and had become receivable, or had been paid, directly by him immediately before the time to which the apportionment is made and, where it is a part of an outgoing, had become due immediately before that time.

(4) Any reference in subsection (1) or (2) above to a party to a contract shall include a person to whom the rights and obligations of that party under the contract have passed by assignment or otherwise.

(5) This section shall apply as respects tax under Case VI of Schedule D in a case falling within section 15(4) (furnished lettings) of the Finance Act 1963 as it applies as respects tax under Case VIII of Schedule D in other cases.

21 Distribution of assets of body corporate carrying on mutual business

(1) Where in the year 1964-65 or any subsequent year of assessment any person receives any money or money's worth—

(a) forming part of the assets of a body corporate, other than assets representing capital, or

(b) forming part of the consideration for the transfer of the assets of a body corporate, other than assets representing capital, as part of a scheme of amalgamation or reconstruction which involves the winding up of the body corporate, or

(c) consisting of the consideration for a transfer or surrender of a right to receive anything falling under paragraph (a) or (b) above, being a receipt not giving rise to any charge to income tax on the recipient apart from this section,

and the body corporate has at any time carried on a trade which consists of or includes the conducting of any mutual business (whether confined to members of the body corporate or not), and is being or has been wound up or dissolved, the provisions of this section shall apply to the receipt.

(2) If a transfer or surrender of a right under subsection (1)(c) of this section is not at arm's length, the person making the transfer or surrender shall, for the purposes of this section, be deemed then to have received consideration equal to the value of the right.

(3) If in respect of a payment of any amount made to the body corporate for the purposes of its mutual business any deduction has been allowed for the purposes of income tax in computing the profits or gains or losses of a trade, then—

(a) if at the time of the receipt the recipient is the person, or one of the persons, carrying on that trade, the amount or value of the receipt shall be treated for the purposes of income tax (and for the purposes of the profits tax) as a trading receipt of that trade, and

(b) if at the time of the receipt the recipient is not the person, or one of the persons, carrying on that trade, but was the person, or one of the persons carrying on that trade when any payment was made to the body corporate for the purposes of its mutual business in respect of which a deduction was allowed for the purposes of income tax in computing the profits or gains or losses of the trade, the recipient shall, subject to the provisions of subsection (5) of this section, be charged under Case VI of Schedule D for the year of assessment in which the receipt falls on an amount equal to the amount or value of the receipt.

Paragraph (a) of this subsection applies notwithstanding that, as a result of a change in the persons carrying on the trade, the profits or gains are under section 19(1) of the Finance Act 1953 determined as if it had been permanently discontinued and a new trade set up and commenced.

(4) Where an individual is chargeable to tax by virtue of subsection (3)(b) of this section and the profits or gains of the trade there mentioned fell to be treated as earned income for the purposes of the Income Tax Act 1952, the sums in respect of which he is so chargeable shall also be treated for those purposes as earned income.

(5) If the trade mentioned in subsection (3)(b) of this section was permanently discontinued before the time of the receipt, then in computing the charge to tax under the said subsection (3)(b) there shall be deducted from the amount or value of the receipt—

(a) any loss, expense or debit (not being a loss, expense or debit arising directly or indirectly from the discontinuance itself) which, if the trade had not been discontinued, would have been deducted in computing for tax purposes the profits or gains or losses of the person by whom it was carried on before the discontinuance, or would have been deducted from or set off against those profits as so computed, and

(b) any allowance under Part X or Part XI of the Income Tax Act 1952 to which the person who carried on the trade was entitled immediately before the discontinuance and to which effect has not been given by way of relief before discontinuance.

Relief shall not be given under this subsection or under section 32(4) of the Finance Act 1960 (receipts accruing after discontinuance of trade) in respect of any loss, expense, debit or allowance if and so far as it has been so given by reference to another charge to tax under this section or the said section 32.

(6) For the purposes of subsection (1) of this section assets representing capital consist of—

(a) assets representing any loan or other capital subscribed, including income derived from any investment of any part of that capital, but not including profits from the employment of that capital for the purposes of the mutual business of the body corporate,

(b) assets representing any profits or gains charged to tax as being profits or gains of any part of the trade carried on by the body corporate which does not consist of the conducting of any mutual business,

(c) (so far as not comprised in the paragraphs above) assets representing taxed income from any investments.

(7) In this section " mutual business " includes any business of mutual insurance or mutual trading.

(8) Subsections (3), (4) and (5) of this section shall apply with any necessary modifications—

(a) to a profession or vocation, and

(b) to the occupation of woodlands the profits or gains of which are assessable under Schedule D,

as they apply to a trade.

(9) The provisions of this section apply whether the time when the payment was made to the body corporate fell before or after the passing of this Act.

(10) It is hereby declared that the description of trades in subsection (1) of this section does not include any trade all the profits or gains of which are chargeable to income tax and, in particular, does not include such a trade carried on by any registered industrial and provident society.

PART III Miscellaneous

22 Amendments of Sugar Act 1956

(1) An order under section 15 of the Sugar Act 1956 (distribution repayments) may apply to some classes of goods which are exported, or shipped as stores, or warehoused, without applying to others, and an order under that section may in particular—

(a) apply to sugar without applying to goods containing sugar,

(b) apply to some classes of sugar or goods containing sugar without applying to others, and

(c) apply to all or some classes of sugar or goods containing sugar which are exported without applying to corresponding classes of sugar or goods containing sugar which are shipped as stores.

(2) The Minister may by order direct that, where an order is made under section 14 of the Sugar Act 1956 (which authorises the making of distribution payments in respect of sugar, whether home-produced or imported, and in respect of sugar used in the manufacture of imported composite sugar products), subsection (3) of the said section 14 shall (while applying to all home-produced sugar) apply to some classes of imported sugar and imported composite sugar products without applying to others, and an order under this subsection may in particular—

(a) direct that the said section 14(3) shall apply to all or any classes of imported sugar without applying to imported composite sugar products,

(b) define a class of imported sugar or imported composite sugar products by reference to the countries or territories in which the sugar or other products were manufactured or produced as well as, or instead of, by reference to the nature of the goods.

(3) In this section " sugar " includes invert sugar; and this section shall be construed as one with the Sugar Act 1956 and orders under subsection (2) of this section shall be included among the orders to which section 33(2) of that Act (which makes certain orders subject to annulment in pursuance of a resolution of either House of Parliament) applies.

23 Exemption of service contracts from stamp duty

(1) No stamp duty shall be chargeable on, or on any memorandum of, a contract of service in any office or employment or a contract varying or terminating such a contract.

(2) This section shall have effect as from 6th July 1964, and if before the passing of this Act any duty has been paid which by virtue of this section is not chargeable, the Commissioners shall, on application made to them within two years after the date of the payment, cancel the relevant stamps and repay the duty.

(3) This section shall be construed as one with the Stamp Act 1891.

24 Transfer etc. of Government stock entered in Dublin register

Nothing contained in any of the following enactments, namely—

(a) section 47 of the Finance Act 1942 (power to make regulations as to transfer and registration of Government stock);

(b) section 5 of the Miscellaneous Financial Provisions Act 1955 (provisions as to unclaimed stock, dividends and redemption moneys); and

(c) the Stock Transfer Act 1963 ;

shall prevent any provision of the enactment from applying as from the passing of this Act to securities of the United Kingdom Government entered in the register of the Bank of Ireland in Dublin, and those enactments and the related enactments mentioned in Schedule 8 to this Act shall therefore be amended as provided in that Schedule.

25 Exchequer payments to trustee savings banks for managing Government stock

The Treasury shall from time to time pay out of the Consolidated Fund to trustee savings banks, as consideration for the performance by them of the functions conferred on them under the National Debt Act 1958, such amounts as may be determined by the Treasury after consultation with the Trustee Savings Banks Association.

26 Short title, construction, extent and repeal

(1) This Act may be cited as the Finance Act 1964.

(2) In Part I of this Act—

(a) " the Act of 1952 " means the Customs and Excise Act 1952, and

(b) subsections (2) to (9) of section 2 of the Import Duties Act 1958 (which define the goods qualifying for Commonwealth preference under that Act) shall apply for the purposes of provisions referring to goods qualifying for Commonwealth preference as they apply for the purposes of that section.

(3) Part I of this Act shall be construed as one with the Customs and Excise Act 1952 and Part II, so far as it relates to income tax, shall be construed as one with the Income Tax Acts and, so far as it relates to the profits tax, shall be construed as one with the enactments relating to the profits tax.

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

(5) 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 shall not extend to Northern Ireland.

(6) This Act, so far as it amends the Sugar Act 1956, shall extend to the Isle of Man.

(7) The enactments mentioned in Schedule 9 to this Act are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision in relation thereto made at the end of that Schedule.

SCHEDULES

Section 1.

SCHEDULE 1 Spirits (Rates of Customs and Excise Duties)

Table 1: Spirits other than imported perfumed spirits

Description of spirits	Excise duty			Customs duties
				Full rate			Commonwealth rate			Convention rate
	£	s.	d.	£	s.	d.	£	s.	d.	£	s.	d.
1. British spirits (per proof gallon)	12	17	6	—			—			—
2. Imported spirits other than per­fumed spirits—
(a) not comprised below in this paragraph (per proof gallon)	—			13	0	0	12	17	6	12	17	6
(b) liqueurs, cordials, mixtures and other preparations in bottle, entered in such man­ner as to indicate that the strength is not to be tested (per gallon).	—			17	11	0	17	7	6	17	7	6
	each of the above rates of duty being, in the case of spirits not warehoused or warehoused for less than 3 years, increased by Is. 6d. per proof gallon or, for spirits within paragraph 2(b) of this table, by 2s. 0d. per gallon.

Table 2: Imported perfumed spirits

Description of spirits	Rates of customs duties (per gallon)
	In cask			In bottle
	£	s.	d.	£	s.	d.
Perfumed spirits—
warehoused for 3 years or more	9	12	0	9	13	0
warehoused for 2 years or more, but less than 3 years	9	13	7	9	14	7
not warehoused for 2 years or more	9	14	5	9	15	5

Section 2.

SCHEDULE 2 Beer (Rates of Customs and Excise Duties and Drawbacks)

	Excise rates (per 36 gallons)			Customs rates (per 36 gallons)
	Full			Commonwealth			Convention
Supplementary Provisions as to Drawbacks As respects beer the worts whereof before fermentation were of a specific gravity of less than 1030 degrees the amount of drawback shall be limited as follows— (a) the amount of excise drawback allowable shall not exceed by more than twopence for every 36 gallons the amount of duty which is shown to the satisfaction of the Commissioners to have been paid; (b) the amount of customs drawback allowable shall not exceed the amount of duty which is shown to the satisfaction of the Commissioners to have been paid.
	£	s.	d.	£	s.	d.	£	s.	d.	£	s.	d.
1. Duty	7	7	0	8	7	2	7	7	2	7	7	2
2. Drawback	7	7	2	8	7	2	7	7	2	7	7	2
	each of the above rates of duty and drawback being, in the case of beer of an original gravity exceeding 1030 degrees, increased by 7s. 3 ½ d. for each additional degree.

Section 3.

SCHEDULE 3 Wine (Rates of Customs Duties)

Description of wine	Rates of duty (per gallon)
	Full			Commonwealth
For the purposes of this Schedule, " light wine " means wine not exceeding 25 degrees or, in the case of wine qualifying for Commonwealth preference, 27 degrees of proof spirit.
	£	s.	d.	£	s.	d.
Light wine:—
Still—
not in bottle		15	6		13	6
in bottle		18	0		15	O
Sparkling	1	8	0	1	6	0
Other wine:—
Still—
not in bottle	1	10	6	1	0	6
in bottle	1	13	0	1	2	0
Sparkling	2	3	0	1	13	0
together, in the case of wine exceeding 42 degrees proof spirit, with an addition for each additional degree or fraction of a degree of		2	6		1	8

Section 3.

SCHEDULE 4 British Wine (Rates of Excise Duty)

Description of British wine	Rates of duty (per gallon)
	s.	d.
Still	13	0
Sparkling	19	0

Section 4.

SCHEDULE 5 Tobacco (Rates of Customs and Excise Duties and Drawbacks)

TABLE 1

CUSTOMS	Rates of duty per pound
	Full			Commonwealth			Convention
	£	s.	d.	£	s.	d.	£	s.	d.
TOBACCO
1. Unmanufactured:
Containing 10 per cent. or more by weight of moisture	3	17	4 ½	3	15	10	3	17	4 ½
Other	3	18	4 ½	3	16	8	3	18	4 ½
2. Manufactured, viz.:
Cigars	4	6	3	4	3	3 ½	4	3	3 ½
Cigarettes	4	2	10 ½	4	0	6	3	18	6
Cavendish or negrohead:
Manufactured in bond	3	19	10 ½	3	17	11	3	19	10 ½
Other	4	1	10 ½	3	19	7 ½	3	19	7 ½
Other	4	0	1 ½	3	18	2	3	17	4 ½
3. Snuff and snuff work (including tobacco dust or powder and ground tobacco)	4	0	7 ½	3	18	7	3	18	4 ½

TABLE 2

Excise	Rates of duty per pound
	£	s.	d.
TOBACCO
1. Unmanufactured:
Containing 10 per cent. or more by weight of moisture	3	15	8
Other	3	16	6
2. Manufactured:
Cavendish or negrohead manufactured in bond	3	17	11

TABLE 3

Description of Tobacco	Rates of drawback (per pound)
	In respect of tobacco on which customs duty at the full or Convention rate has been paid			In respect of tobacco on which customs duty at the Commonwealth rate or excise duty has been paid
	£	s.	d.	£	s.	d.
Cigars	4	1	8 ½	4	0	2
Cigarettes	3	18	4 ½	3	16	10
Cut, roll, cake or other manufactured tobacco	3	18	1 ½	3	16	7
Snuff (not being offal snuff)	3	18	7 ½	3	17	1
Stalks and tobacco refuse	3	17	7 ½	3	16	1

Section 6.

SCHEDULE 6 Hydrocarbon Oils

PART I Purposes for which Regulations may be made under Section 6(5) of this Act

As to grant of relief under section 6(1), (2) or (4)

1 Regulating the approval of persons for purposes of section 6(1), (2) or (4) of this Act, whether individually or by reference to a class, and whether in relation to particular descriptions of oils or generally; enabling approval to be granted subject to conditions and providing for the conditions to be varied, or the approval revoked, for reasonable cause.

2 Enabling permission under section 6(1) of this Act to be granted subject to conditions as to the giving of security and otherwise, and providing that where permission is given thereunder in the case of any oils no allowance thereon shall be paid under section 206 of the Customs and Excise Act 1952.

3 Requiring claims for repayment under section 6(2) of this Act to be made at such times and in respect of such periods as are prescribed ; providing that no such claim shall lie where the amount to be paid is less than the prescribed minimum ; and preventing, where such a claim lies, the payment of drawback or of an allowance under the said section 206.

As to mixing of oils

4 Imposing restrictions, in lieu of those contained in section 208(1) of the Customs and Excise Act 1952, on the mixing with other oils of any rebated oils or oils delivered without payment of duty.

As to marking of oils

5 Prescribing the substances which are to be used as markers.

6 Providing that the presence of a marker shall be disregarded if the proportion in which it is present is less than that prescribed for the purposes of this paragraph.

7 Requiring as a condition of allowing rebate on, or delivery without payment of duty of, any oils (subject to any exceptions provided by or under the regulations) that there shall have been added to those oils, at such time, in such manner and in such proportions as may be prescribed, one or more prescribed markers, with or without a prescribed colouring substance (not being a prescribed marker), and that a declaration to that effect is furnished.

8 Prohibiting the addition to any oils of any prescribed marker or prescribed colouring substance except in such circumstances as may be prescribed.

9 Prohibiting the removal from any oils of any prescribed marker or prescribed colouring substance.

10 Prohibiting the addition to oils of any substance, not being a prescribed marker, which is calculated to impede the identification of a prescribed marker.

11 Regulating the storage or movement of prescribed markers.

12 Requiring any person who adds a prescribed marker to any oils to keep in such manner and to preserve for such period as may be prescribed such accounts and records in connection with his use of that marker as may be prescribed, and requiring the production of the accounts and records.

13 Requiring, in such circumstances or subject to such exceptions as may be prescribed, that any drum, storage tank, delivery pump or other container or outlet which contains any oils in which a prescribed marker is present shall be marked in the prescribed manner to indicate that the oils are not to be used as road fuel or for any other prohibited purpose.

14 Requiring any person who supplies any oils in which a prescribed marker is present to deliver to the recipient a document containing a statement in the prescribed form to the effect that the oils are not to be used as road fuel or for any other prohibited purpose.

15 Prohibiting the sale of any oils the colour of which would prevent any prescribed colouring substance from being readily visible if present therein.

16 Prohibiting the importation of oils in which any prescribed marker, or any other substance which is calculated to impede the identification of a prescribed marker, is present.

As to control of storage, supply etc. of oils, entry of premises, etc.

17 Regulating the storage or movement of oils.

18 Restricting the supplying of oils in respect of which rebate has been allowed and not repaid or on which duty has not been paid.

19 Requiring a person owning or possessing a vehicle to which section 200 of the Customs and Excise Act 1952 applies which is constructed or adapted to use heavy oils as fuel to keep such accounts and records in such manner as may be prescribed, and to preserve such books and documents relating to the supply of heavy oils to or by him, or the use of heavy oils by him, for such period as may be prescribed.

20 Requiring the production of books or documents relating to the supply or use of oils or the use of any vehicle.

21 Authorising the entry and inspection of premises, other than private dwelling houses, and the examination of vehicles, and authorising, or requiring the giving of facilities for, the inspection of oils found on any premises entered or on or in any vehicle and the taking of samples of any oils inspected.

Interpretation

22 In this Part of this Schedule—

• " oils " means hydrocarbon oils ;

• " prescribed " means prescribed by regulations made under section 6(5) of this Act;

and subsection (8)(a) of section 200 of the Customs and Excise Act 1952 shall apply for the purposes of paragraph 19 above as it applies for the purposes of that section.

PART II Amendment of Section 200(3) and (4) of Customs and Excise Act 1952

23 In subsection (3) of the said section 200, for the words from " and if any heavy oils are sold" to the end of the subsection there shall be substituted the words " and any person who supplies heavy oils having reason to believe that they will be put to a particular use shall be liable to a penalty as aforesaid where that use would, if a payment under the last foregoing subsection were not made in respect of the oils, contravene that subsection:

Provided that where the act in respect of which a person is liable to a penalty under this subsection was done (whether by him or another person) with the intent by him that the restrictions imposed by the last foregoing subsection should be contravened, he shall be liable to the said penalty, or to imprisonment for a term not exceeding two years, or to both ".

24 In subsection (4) of that section—

(a) for the word " sold" there shall be substituted the word " supplied "; and

(b) after the word " subsection" there shall be inserted the words " or taken as fuel into a vehicle to which this section does not apply and remaining therein as part of the fuel supply of the vehicle when it becomes one to which this section applies ".

PART III Restrictions on Use of Oils to which Section 6(1) or (4) of this Act applies

25 Except with the consent of the Commissioners, no oil in the case of which delivery without payment of duty has been permitted under section 6(1) of this Act shall be used otherwise than as mentioned in paragraph (a) thereof or be acquired or taken into any vehicle, appliance or storage tank for use otherwise than as so mentioned, and in giving their consent the Commissioners may impose such conditions as they think fit.

26 (1) Any person who uses or acquires oil in contravention of paragraph 25 above, or is liable for oil being taken into a vehicle, appliance or storage tank in contravention of that paragraph, shall be liable to a penalty of three times the value of the oil or one hundred pounds whichever is the greater, and the Commissioners may recover from him an amount equal to the customs duty on like oils at the rate in force at the time of the contravention ; and any person who supplies oil having reason to believe that it will be used otherwise than as mentioned in section 6(1)(a) of this Act shall if that use without consent of the Commissioners would contravene paragraph 25 above, be liable to a penalty as aforesaid:

Provided that where the act in respect of which a person is liable to a penalty under this sub-paragraph was done (whether by him or any other person) with the intent by him that the restrictions imposed by paragraph 25 above should be contravened, he shall be liable to the said penalty, or to imprisonment for a term not exceeding two years, or to both.

(2) A person shall be liable for oil being taken into a vehicle, appliance or storage tank in contravention of paragraph 25 above if he is at the time the person having the charge of the vehicle, appliance or storage tank or the owner thereof, except that if a person other than the owner is, or is for the time being, entitled to possession of it, that person and not the owner shall be liable.

27 Any oil acquired, taken into a vehicle, appliance or storage tank, or supplied as mentioned in paragraph 26(1) above shall be liable to forfeiture.

28 Paragraphs 25 to 27 above shall apply in relation to oil in the case of which rebate under section 6(4) of this Act has been allowed as if—

(a) references to delivery permitted under section 6(1) of this Act referred to rebate allowed under the said section 6(4), and references to paragraph (a) of section 6(1) referred to section 6(4); and

(b) the amount recoverable by the Commissioners under paragraph 26(1) were the amount of the rebate allowed.

PART IV Sampling

29 (1) Part II of Schedule 2 to the Finance Act 1960 shall be amended as follows.

(2) For sub-paragraphs (a) and (b) of paragraph 1 there shall be substituted the following:—

“(a) if he takes it from a motor vehicle, shall if practicable do so in the presence of a person appearing to him to be the owner or person for the time being in charge of the vehicle;

(b) if he takes the sample on any premises but not from a motor vehicle, shall if practicable take it in the presence of a person appearing to him to be the occupier of the premises or for the time being in charge of the part of the premises from which it is taken”.

(3) For paragraph 2(2)(a) there shall be substituted the following:—

“(a) delivered one part to the person in whose presence the sample was taken in accordance with the foregoing paragraph, if he requires it;”.

(4) After paragraph 6 there shall be inserted the following paragraph (which reproduces the effect of section 9(7) of the Finance Act 1960):—

“7 This Part of this Schedule shall have effect, in its application to a vehicle of which a person other than the owner is, or is for the time being, entitled to possession, as if for references to the owner there were substituted references to the person entitled to possession.”.

30 The said Part II, as so amended, shall have effect with respect to any sample of hydrocarbon oils taken in pursuance of regulations made under section 6(5) of this Act.

Sections 17 and 19.

SCHEDULE 7 Leases to Traders and Others

PART I

Meaning of " capital sum "

1 In section 17 of this Act (in this Schedule referred to as " the principal section ") " capital sum " means any sum of money, or any money's worth, except so far as it or any part of it is to be treated for the purposes of income tax as a receipt to be taken into account in computing the profits or gains or losses of a trade, profession or vocation, or profits or gains or losses arising from woodlands, or is, apart from the principal section, chargeable under Case VI of Schedule D.

Transactions amounting to the obtaining of a capital sum

2 (1) References in the principal section to a sum obtained in respect of the lessee's interest in a lease of an asset, or in respect of any other interest in an asset include—

(a) in the case of a lessee's interest, references to sums representing the consideration in money or money's worth obtained on a surrender of the rights to the lessor, or on an assignment of the lease, or on creating a sublease or any other interest out of the lease, and

(b) references to any insurance moneys payable in respect of the asset, so far as payable to the owner of the interest in the asset.

(2) Such references also include references to sums representing money or money's worth obtained by the person entitled to the interest by a transaction or series of transactions disposing of the asset, or of an interest in the asset, and in particular transactions which comprise arrangements under which the rights of the lessee under a lease of the asset are merged in any way with the rights of the lessor, or with any other rights as respects the asset, so far as the money or money's worth so obtained is attributable to the rights of the lessee under the lease.

Transactions not at arm's length

3 (1) References in the principal section to sums obtained in respect of any interest in an asset include references to money or money's worth so obtained in any transaction (including a transaction of the kind described in paragraph 2 of this Schedule) by way of consideration received by a person who is an associate (as defined in this Schedule) of the person entitled to the interest in the asset.

(2) If an interest in the asset is disposed of by any person to a person who is his associate (as defined in this Schedule), the person disposing of the interest shall (unless in fact he obtains a greater sum) be treated for the purposes of the principal section as having obtained in respect of the interest—

(a) the value of the interest in the open market, or

(b) the value of the interest to the person to whom it is. in effect, transferred,

whichever is the greater.

(3) For the purposes of this paragraph a disposition may be direct or indirect and may be effected by any such transaction as is described in paragraph 2(2) of this Schedule.

Partnerships and joint interests

4 (1) For the purposes of the principal section and this Schedule any sum obtained by persons carrying on a trade, profession or vocation in partnership in respect of an interest in an asset which is and continues to be used for the purposes of the trade, profession or vocation shall be regarded as apportionable between them in the shares in which they are then entitled to the profits of the trade, profession or vocation.

(2) Subject to the foregoing sub-paragraph, for those purposes a sum obtained by persons jointly entitled to an interest in an asset shall be apportionable according to their respective interests in the rights.

(3) For the said purposes, any payment in respect of which a deduction is allowable by way of income tax relief which is made by persons carrying on a trade, profession or vocation in partnership shall be apportioned in such manner as may be just.

(4) Section 329(1) of the Income Tax Act 1952 (Commissioners having jurisdiction in questions of apportionment) shall apply for determining any question arising under this Schedule as to the manner in which any sum or payment is to be apportioned.

Meaning of " associate "

5 For the purposes of this Schedule, and in construing the expressions " associate " and " associated " in the principal section and this Schedule, the following persons shall be deemed to be associated with each other, that is to say.—

(a) any individual and that individual's husband or wife, and any relative, or husband or wife of a relative, of that individual or of that individual's husband or wife (" relative" meaning for this purpose brother, sister, ancestor or lineal descendant);

(b) any person in his capacity of trustee of a settlement and any individual who in relation to the settlement is a settlor, and any person associated with that individual (" settlement" and " settlor " having for this purpose the meanings assigned to them by section 403 of the Income Tax Act 1952);

(c) any person and a body of persons of which that person, or persons associated with him, or that person and persons associated with him, has or have control;

(d) any two or more bodies of persons associated with the same person by virtue of paragraph (c) above ;

(e) in relation to a disposal by joint owners, the joint owners and any person associated with any of them.

In this paragraph " body of persons" includes a partnership, and " control" has the meaning assigned to it by section 333 of the Income Tax Act 1952.

Additional capital sum in respect of same interests

6 (1) So far as in respect of a capital sum—

(a) any part of a payment allowed as a deduction by way of income tax relief of a kind to which the principal section applies is taken into account in making an assessment under subsection (1) of the principal section, or

(b) any part of a payment allowed as a deduction in computing profits or losses for the purposes of the profits tax is taken into account in treating income as arising under subsection (2) of the principal section for the purposes of the profits tax,

that part of the payment shall be left out of account in determining whether any and if so what amount should be assessed, or treated as arising as income chargeable to the profits tax, by reference to any other capital sum ; and the order in which this paragraph is applied shall be the order in which the capital sums are obtained.

(2) In this paragraph references to any deduction allowable in computing the profits or losses of a trade or business include references to a deduction which would be so allowable but for the provisions of section 42(5) of the Finance Act 1938.

Consequential adjustments of income tax and the profits tax

7 (1) There shall be made all such adjustments of income tax and of the profits tax, whether by way of making assessments or by repayment of tax, as are required after the making of any such payment as is described in subsection (1) or subsection (2) of the principal section to give effect to the charge under the said subsection (1) or, as the case may be, to charge income arising under the said subsection (2), in respect of a sum obtained before the making of the payment.

(2) Notwithstanding anything in the Income Tax Acts or the enactments relating to the profits tax limiting the time within which an assessment may be made or a claim for relief may be admitted any such adjustment may be made, by making an assessment or otherwise, at any time not more than six years from the end of the year of assessment (or, in relation to the profits tax, from the end of the chargeable accounting period) in which the payment was made.

PART II

Hire-purchase agreements

8 (1) If the lease constitutes a hire-purchase agreement, for the references in the provisos to subsections (1) and (2) of the principal section to the amount of the capital sum there shall, where that capital sum was obtained in respect of the lessee's interest in the lease constituting the hire-purchase agreement, be substituted references to the amount of the capital sum (adjusted, if necessary, under subsection (5) of the principal section) after deducting any capital expenditure which was incurred by the person obtaining the capital sum in providing the lessee's interest and which is, for capital allowance purposes, still unallowed at the time when the assignment or other transaction takes place in respect of which the capital sum is obtained.

(2) In this paragraph " capital expenditure incurred by the person obtaining the capital sum in providing the lessee's interest" means—

(a) so much of any payment made under the lease by the person obtaining the capital sum (or, where the capital sum was obtained by the personal representatives of a deceased person, so made by that deceased person) as is not a payment in respect of which a deduction is allowable by way of income tax relief which is one of the kinds listed in subsection (4) of the principal section, plus

(b) where the lessee's interest was assigned to the person obtaining the capital sum, any capital payment made by that person as consideration for the assignment.

(3) In this paragraph the reference to the amount of capital expenditure which is, for capital allowance purposes, still unallowed at the said time shall be construed as a reference to the amount of the capital expenditure after deducting any amount which, under section 297 of the Income Tax Act 1952 (definition of " expenditure unallowed " for purposes of capital allowances for machinery and plant), would be deductible in ascertaining as at that time the amount still unallowed of expenditure incurred by the said person in providing the leased asset.

(4) If the amount to be deducted in pursuance of sub-paragraph (1) of this paragraph exceeds the amount of the capital sum from which it is to be deducted, no charge shall arise under subsection (1) or subsection (2) of the principal section in respect of the capital sum.

Disposition of part of rights under hire-purchase agreement

9 (1) If the capital sum represents the consideration for part only of the lessee's interest in the lease which constitutes a hire-purchase agreement, the amount to be deducted under paragraph 8(1) of this Schedule shall be such proportion of the capital expenditure which is still unallowed as is reasonable having regard to the degree to which the capital expenditure has contributed to the value of what is disposed of in return for the capital sum.

(2) If more than one capital sum is, or is to be regarded as, obtained by the same person in respect of the lessee's interest in the lease which constitutes a hire-purchase agreement, then, so far as in respect of one of those capital sums any deduction is made in respect of capital expenditure in pursuance of paragraph 8(1) of this Schedule, that capital expenditure shall be left out of account in applying paragraph 8 of this Schedule to any other such capital sum ; and the order in which this sub-paragraph is applied shall be the order in which the capital sums are obtained.

Meaning of " hire-purchase agreement"

10 (1) In this Part of this Schedule " hire-purchase agreement" has the same meaning as in the Hire-Purchase Act 1938.

(2) In Scotland, for the foregoing definition there shall be substituted the following definition—

• " hire-purchase agreement " means any contract, in whatsoever terms it may be expressed, whereby goods are taken on hire by one person from another person in consideration of periodical payments to be made by the first mentioned person to the other person, with an option to the first mentioned person to become the buyer of the goods.

Section 24.

SCHEDULE 8 Modification of Enactments for Purposes of Section 24

THE FINANCE ACT 1942 (5 & 6 Geo. 6. c. 21)

1 Section 47(2) shall apply in relation to securities of the United Kingdom Government entered in the register of the Bank of Ireland in Dublin as if the reference therein to the date of coming into operation of the first regulations made under that section were a reference to the date of coming into operation of the first regulations made thereunder after the passing of this Act.

2 Section 47(4)(b) shall cease to have effect.

3 Part III of Schedule 11, so far as applicable in relation to securities of the United Kingdom Government entered in the register of the Bank of Ireland in Dublin shall apply in relation thereto notwithstanding its repeal by the Statute Law Revision Act 1950.

THE INCOME TAX ACT 1952 (15 & 16 Geo. 6 & 1 Eliz. 2. c. 10)

4 For the words "Government stock registered or inscribed in the books of the Bank of Ireland in Dublin " wherever occurring in section 117 and paragraph 6 of Part I of Schedule 8, there shall be substituted the words " securities of the United Kingdom Government entered in the register of the Bank of Ireland in Dublin ".

5 In section 121, the definition of "Government stock registered or inscribed in the books of the Bank of Ireland in Dublin " shall be omitted.

6 In section 196(6), for the words "registered in the books of the Bank and includes ' inscribed'" there shall be substituted the words " entered in the register of the Bank ".

7 Paragraphs 4 to 6 above shall apply only in relation to years of assessment beginning not earlier than the coming into operation of the first regulations made after the passing of this Act under section 47 of the Finance Act 1942.

THE MISCELLANEOUS FINANCIAL PROVISIONS ACT 1955 (4 & 5 Eliz. 2. c. 6)

8 Section 5(11), and in section 5(15) the words from "Subject" to " section ", shall cease to have effect.

9 In relation to United Kingdom Government securities entered in the register of the Bank of Ireland in Dublin, the words " the date of operation of this repeal" wherever occurring in Part III of Schedule 2 shall be taken to refer to the date of the passing of this Act.

THE STOCK TRANSFER ACT 1963 (1963 c. 18)

10 In section 1(4)(c), the words " or the register of the Bank of Ireland in Dublin " shall cease to have effect.

Section 26.

SCHEDULE 9 Repeals

Chapter	Short Title	Extent of Repeal
1. The above repeals shall come into force on the passing of this Act or, where a date is specified above in relation to a repeal, on that date: Provided that the repeals relating to section 121 of and Schedule 8 to the Income Tax Act 1952 shall apply only in relation to years of assessment beginning not earlier than the coming into operation of the first regulations made after the passing of this Act under section 47 of the Finance Act 1942. 2. The above repeals so far as they relate to any drawback or other relief from duty replaced by sections 1 to 4 of this Act shall not have effect in relation to any duty charged before the coming into force of those sections. 3. The repeal of sections 197 and 206 of the Customs and Excise Act 1952, and that relating to section 203(3) thereof, shall not operate in relation to oils in respect of which the excise duty on hydrocarbon oils is charged before 1st January 1965. 4. The repeal of section 202 of the Customs and Excise Act 1952 and section 9 of the Finance Act 1960 shall not invalidate regulations made under either of those sections and in force at the passing of this Act, and in so far as the regulatio ns were so made they shall be treated from the time the repeal comes into force as if made under section 6(5) of this Act.
54 & 55 Vict. c. 39.	The Stamp Act 1891.	In Schedule 1, paragraphs (2) and (4) of the exemptions to the heading Agreement or any memorandum of an agreement-
57 & 58 Vict. c. 60.	The Merchant Shipping Act 1894.	Section 395(7).
59 & 60 Vict. c. 44.	The Truck Act 1896.	Section 7.
8 & 9 Geo. 5. c. 15.	The Finance Act 1918.	Section 4.
10 & 11 Geo. 5. c. 18.	The Finance Act 1920.	Section 3.
		In section 64(1) the words from the beginning to " those duties ".
17 & 18 Geo. 5. c. 10.	The Finance Act 1927.	Schedule 2.
20 & 21 Geo. 5. c. 28.	The Finance Act 1930.	Section 2.
		Section 53(1)
21 & 22 Geo. 5. c. 49.	The Finance (No. 2) Act 1931.	Section 25(1).
		Schedule 1.
23 & 24 Geo. 5. c. 19.	The Finance Act 1933.	Section 2.
		Section 47(2)
2 & 3 Geo. 6. c. 109.	The Finance (No. 2) Act 1939.	Schedule 4.
5 & 6 Geo. 6. c. 21.	The Finance Act 1942.	Section 47(4)(b).
10 & 11 Geo. 6. c. 35.	The Finance Act 1947.	Section 3.
		Section 74(2).
		Schedule 1.
14 Geo. 6. c. 15.	The Finance Act 1950.	Section 2; in section 3(2), the words " under the last foregoing section ". (1st January 1965)
15 & 16 Geo. 6. & 1 Eliz. 2. c. 10.	The Income Tax Act 1952.	In section 121, the definition of " Government stock registered or inscribed in the books of the Bank of Ireland in Dublin ".
		In Schedule 8, in Part IV, the words " Government stock registered or inscribed in the books of the Bank of Ireland in Dublin ".
		Subject to section 16(4) of this Act, in Schedule 16, in paragraph 10, and in Schedule 17, in paragraph 3, the words inserted by the Finance Act 1962 section 20(1).
15 & 16 Geo. 6. & 1 Eliz. 2. c. 44.	The Customs and Excise Act 1952.	In section 133(6) the words " not being black beer ".
		Section 157(1)(b).
		Section 197. (1st January 1965)
		In section 200(8), the words from " and paragraph (a) " to the end of the subsection; section 202. (1st September 1964)
		In section 203(3), the words from " but no drawback " to the end of the subsection. (1st January 1965)
		Section 206. (1st January 1965)
		Section 208. (1st September 1964)
		In section 307(1) the definition of " black beer " and, subject to the saving in section 2(5) of this Act, the words " black beer" in the definition of " beer ".
4 & 5 Eliz. 2. c. 6.	The Miscellaneous Financial Provisions Act 1955.	Section 5(11); in section 5(15) the words from " Subject " to " section ".
5 & 6 Eliz. 2. c. 49.	The Finance Act 1957.	Section 3(3), in section 3(4) the words from " or in " to the end of the subsection and section 3(5).
6 & 7 Eliz. 2. c. 56.	The Finance Act 1958.	Sections 4 and 5.
		Schedule 4.
7 & 8 Eliz. 2. c. 58.	The Finance Act 1959.	Section 1.
		Schedule 1.
8 & 9 Eliz. 2. c. 44.	The Finance Act 1960.	Section 2 (from passing of this Act).
		Section 9; Schedule 2, Part I. (1st September 1964)
9 & 10 Eliz. 2. c. 36.	The Finance Act 1961.	In relation to programmes broadcast after 29th July 1964, section 1 and Schedule 1 except paragraph 3(1) and (2).
		In Schedule 1, paragraph 3(1) and (2). (1st January 1965)
		In Schedule 4, paragraph 6. (1st September 1964)
10 & 11 Eliz. 2. c. 44.	The Finance Act 1962.	In section 1, in subsection (2) paragraphs (a) and (b) and the words from " The supplementary " to the end of the subsection, and, in relation to programmes broadcast after 29th July 1964, paragraph (e), and subsection (4)(a).
		In section 2, subsection (1)(a) and subsection (2).
		Section 4(2)(a). (1st September 1964)
		Section 8(2).
		Subject to section 16(4) of this Act, in section 20, subsection (1) and in subsection (2) the words "either" and (where secondly occurring) " or", paragraph (b) and the definition of " local limitation ".
		Schedules 1 to 4.
		In Schedule 7, in the substituted subsection (8), the words from " and paragraph (a) " to the end. (1st September 1964)
1963 c. 18.	The Stock Transfer Act 1963.	In section 1(4)(c), the words " or the register of the Bank of Ireland in Dublin ".
1963 c. 25.	The Finance Act 1963.	Section 1.
		In section 3 paragraph (a).
		Section 12(7).
		In Schedule 1 the entries (in all columns) relating to imported spirits, beer and tobacco (including snuff).

Short Title	Session and Chapter
Finance Act 1919	9 & 10 Geo. 5. c. 32.
Finance Act 1930	20 & 21 Geo. 5. c. 28.
Finance Act 1933	23 & 24 Geo. 5. c. 19.
Finance Act 1938	1 & 2 Geo. 6. c. 46.
Hire-Purchase Act 1938	1 & 2 Geo. 6. c. 63.
Finance Act 1942	5 & 6 Geo. 6. c. 21.
Finance Act 1950	14 Geo. 6. c. 15.
Income Tax Act 1952	15 & 16 Geo. 6 & l Eliz. 2. c. 10.
Customs and Excise Act 1952	15 & 16 Geo. 6 & l Eliz. 2. c. 44.
Finance Act 1953	1 & 2 Eliz. 2. c. 34.
Finance Act 1954	2 & 3 Eliz. 2. c. 44.
Miscellaneous Financial Provisions Act 1955	4 & 5 Eliz. 2. c. 6.
Sugar Act 1956	4 & 5 Eliz. 2. c. 48.
Finance Act 1957	5 & 6 Eliz. 2. c. 49.
Import Duties Act 1958	6 & 7 Eliz. 2. c. 6.
National Debt Act 1958	7 & 8 Eliz. 2. c. 6.
Finance Act 1959	7 & 8 Eliz. 2. c. 58.
European Free Trade Association Act 1960	8 & 9 Eliz. 2. c. 19.
Finance Act 1960	8 & 9 Eliz. 2. c. 44.
Finance Act 1961	9 & 10 Eliz. 2. c. 36.
Vehicles (Excise) Act 1962	10 & 11 Eliz. 2. c. 13.
Finance Act 1962	10 & 11 Eliz. 2. c. 44.
Betting Duties Act 1963	1963, c. 3.
Purchase Tax Act 1963	1963, c. 9.
Stock Transfer Act 1963	1963, c. 18.
Finance Act 1963	1963, c. 25.