Search Legislation

Finance Act 2001

Status:

This is the original version (as it was originally enacted).

18Exempt processes

(1)In this Part references to aggregate—

(a)include references to the spoil, waste, off-cuts and other by-products resulting from the application of any exempt process to any aggregate; but

(b)do not include references to anything else resulting from the application of any such process to any aggregate.

(2)In this Part “exempt process” means—

(a)the cutting of any rock to produce dimension stone;

(b)any process by which a relevant substance is extracted or otherwise separated (whether as part of the process of winning it from any land or otherwise) from any aggregate;

(c)any process for the production of lime or cement from limestone or from limestone and some other substance.

(3)In this section “relevant substance” means any of the following—

(a)anhydrite;

(b)ball clay;

(c)barytes;

(d)calcite;

(e)china clay;

(f)feldspar;

(g)fireclay;

(h)flint;

(i)fluorspar;

(j)fuller’s earth;

(k)gems and semi-precious stones;

(l)gypsum;

(m)any metal or the ore of any metal;

(n)muscovite;

(o)perlite;

(p)potash;

(q)pumice;

(r)rock phosphates;

(s)sodium chloride;

(t)talc;

(u)vermiculite.

(4)The Treasury may by order made by statutory instrument—

(a)modify the list of substances in subsection (3) above by adding any substance to that list or by removing any substance from it; and

(b)make any such transitional provision in connection with the modification of that list under this subsection as they may think fit.

(5)The Treasury shall not make an order under subsection (4) above by virtue of which any substance ceases to be a relevant substance unless a draft of the order has been laid before Parliament and approved by resolution of the House of Commons.

(6)A statutory instrument containing an order under subsection (4) above that has not had to be approved in draft for the purposes of subsection (5) above shall be subject to annulment in pursuance of a resolution of the House of Commons.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources