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Finance Act 1968

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Schedules

Schedules 1—4.E+W+S+N.I. . . . F1

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Amendments (Textual)

Schedule 5.E+W+S+N.I. . . . F2

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Amendments (Textual)

Schedule 6.E+W+S+N.I. . . . F3

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Amendments (Textual)

Schedule 7.E+W+S+N.I. . . . F4

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Amendments (Textual)

Schedules 8—10.E+W+S+N.I. . . . F5

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Amendments (Textual)

Schedules 11, 12.E+W+S+N.I. . . . F6

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Amendments (Textual)

F6Schs. 11, 12 repealed (with savings) by Capital Gains Tax Act 1979 (c. 14), ss. 157(1), 158, Sch. 6 para. s. 10(2)(b), Sch. 8

Schedule 13.E+W+S+N.I. . . . F7

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Amendments (Textual)

Schedule 14.E+W+S+N.I. . . . F8

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Amendments (Textual)

Section 41.

F9Schedule 15.E+W+S+N.I. Special Charge: Trusts

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Section 45.

F10Schedule 16.E+W+S+N.I. Special Charge: Close Companies

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Schedule 17.E+W+S+N.I. . . . F11

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Amendments (Textual)

SCHEDULE 18E+W+S+N.I. Premium Savings Bonds: New Terms

1Premium Savings Bonds are a Government Security and are eligible for inclusion in draws for cash prizes. These prizes are free from United Kingdom Income Tax, Surtax and Capital Gains Tax.

2Premium Saving Bonds, (Series B) (hereinafter called Bonds) will be issued in units of £1 by the Treasury and will be subject to regulations made from time to time by the Treasury under section 12 of the M1National Debt Act 1958, or having effect by virtue of that Act. The principal of the Bonds and the prizes allotted will be a charge on the National Loans Fund with recourse to the Consolidated Fund.

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Marginal Citations

M11958 c. 6. (7 & 8 Eliz. 2).

F123. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

4Bonds are not transferable either during the lifetime or on the death of the registered holder. No responsibility can be accepted in respect of their use as security for a loan.

5There will be a monthly prize fund which will be determined by calculating one month’s interest on each bond eligible for the draws in that month. The rate of interest will be 45/8% per annum or such other rate as may be prescribed under the provisions of paragraph 15 below.

F136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

7F14... After a Bond has qualified for its first draw it will be included in each succeeding draw, unless it has been repaid before the first day of the month in which the draw is held or (subject to the provisions of paragraph 15 below) the registered holder has died before the first day of a period of twelve consecutive calendar months preceding the month in which the draw is held.

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Amendments (Textual)

8Each £1 unit Bond will have one chance in each draw for which it is eligible. Each £1 unit Bond may win not more than one prize in each draw for which it is eligible and in draws producing more that one prize will be allotted the highest prize for which it is drawn.

9Notwithstanding the provisions of paragraph 7 above any Bond purchased in contravention of any regulation limiting the number of unit Bonds which may held by any person shall not be eligible for inclusion in any draw until the holding has been reduced to not more than the maximum number permitted by such regulation.

F1510. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

11The serial numbers of Bonds which are allotted prizes will be published F16... F17...

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Amendments (Textual)

12All matters relating to the method and conduct of the draw and allotment of prizes shall be at the sole discretion of the Postmaster General, whose decision as to which Bonds have drawn prizes shall be final.

13The purchase price of a Bond is repayable in full on application to the Bonds and Stock Office.

F1814. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

15The Treasury reserve the right F19...:—

(a)to vary the rate of interest specified in paragraph 5 above for determining the amount of the prize fund;

F20(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)to vary the provisions of paragraph 7 above insofar as they relate to the eligibility of a Bond for inclusion in a draw after the death of the registered holder;

(d)to declare any Bonds purchased on or before a date specified F21... to be ineligible for further draws.

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Amendments (Textual)

F2216. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Schedule 19E+W+S+N.I. . . . F23

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Amendments (Textual)

Section 61

schedule 20E+W+S+N.I. REPEALS

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Modifications etc. (not altering text)

C1The text of Schedule 20 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, does not reflect any amendments or repeals which may have been prior to 1.2.1991.

PART IE+W+S+N.I. CUSTOMS AND EXCISE REPEALS

PART IIE+W+S+N.I. DOUBLE TAXATION RELIEF REPEALS

PART IIIE+W+S+N.I. CAPITAL GAINS REPEALS

PART IVE+W+S+N.I. ESTATE DUTY REPEALS

PART VE+W+S+N.I. EXCHANGE CONTROL REPEALS

PART VIE+W+S+N.I. MISCELLANEOUS REPEALS

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