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Finance Act 1939

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. Part I Customs and Excise

    1. 1.Increased duties and drawbacks on tobacco

    2. 2.Increased duties and drawbacks on sugar, molasses, glucose and saccharin

    3. 3.Duties on cinematograph film

    4. 4.Amendment of s. 7 of Finance Act, 1935

    5. 5.Beer (priming and colouring solutions)

    6. 6.Reduction of entertainments duty on stage plays, and c

    7. 7.Provisions consequential on trade agreement with U.S.A

    8. 8.Provisions for fulfilling agreement with India

    9. 9.Increased excise duties on mechanically propelled vehicles

    10. 10.Reduction of duty on certain mechanically propelled vehicles used for agricultural purposes

  3. Part II Income Tax

    1. 11.Income tax for 1939-40

    2. 12.Higher rates of income tax for 1938-39

    3. 13.Amendments, in relation to inter-connected companies, of enactments referring to apportionments of income

    4. 14.Apportionment of income under s. 21 of Finance Act, 1922, to be automatic in the case of certain investment companies

    5. 15.Extended powers as to apportionment of income of investment companies

    6. 16.Additional powers of Special Commissioners to obtain information for purposes of s. 21 of Finance Act, 1922

    7. 17.Explanation and amendment of paragraph 6 of Second Schedule to the Finance Act, 1936

    8. 18.Power to obtain information as to income from securities

    9. 19.Information as to payments to employees and others

  4. Part III Armament Profits Duty

    1. 20.Charge of armament profits duty

    2. 21.Meaning of " armament business " and " armament contract."

    3. 22.Computation of standard profits

    4. 23.Provisions as to computation of profits and capital

    5. 24.Succession and amalgamation

    6. 25.Duty to give information

    7. 26.Application to armament profits duty of Fifth Schedule to Finance Act, 1937, and c

    8. 27.Deduction of armament profits duty in computing liability to income tax and national defence contribution

    9. 28.Interpretation, and c

  5. Part IV Estate Duty

    1. 29.Increased rates of Estate duty

    2. 30.Estate duty on certain interests arising on death

    3. 31.Exclusion of certain debts, and c, from deduction in valuing for estate duty

  6. Part V National Debt

    1. 32.Provisions as to permanent annual charge for the National Debt

    2. 33.Amendment as to deficit for 1938-39

    3. 34.Payment into Exchequer out of unclaimed dividends account

    4. 35.Provisions as to Government stock

  7. Part VI Miscellaneous

    1. 36.Amendment of paragraph 2 (1) of Fourth Schedule to Finance Act, 1937

    2. 37.Composition for stamp duties in the case of colonial stock, and c

    3. 38.Short title, construction and extent

    1. FIRST SCHEDULE

      Tobacco

      1. Part I Customs Duties

      2. Part II Excise Duties

      3. Part III Drawback

    2. SECOND SCHEDULE

      Sugar, &c

      1. Part I Full Rates of Customs Duty and Amounts of General Preferential Reductions

      2. Part II Rates of Customs Duty on Certificated Colonial Sugar

      3. Part III Rates of Excise Duty on Sugar, Molasses, &c

        1. 1.Sugar Article. Bale of Duty. s d. Sugar of a...

        2. 2.Molasses, &c Article Rate of Duty. Molasses (including all sugar...

      4. Part IV Rates or Drawback

    3. THIRD SCHEDULE

      Provisions as to duties, drawbacks and rebates on cinematograph film

      1. 1.In the Schedule to the Import Duties (General) Order, 1935...

      2. 2.In the case of film of a greater width than...

      3. 3.The Additional Import Duties (No. 8) Order, 1938, so far...

      4. 4.Notwithstanding anything in paragraph (2) of Article 2 of the...

      5. 5.Subsection (4) of section six of the Finance Act, 1938...

      6. 6.(1) If, in the case of any exposed cinematograph film,...

      7. 7.Where two or more equal lengths of exposed cinematograph film...

      8. 8.Where in the case of any exposed cinematograph film security...

      9. 9.Where, in the case of any exposed cinematograph film, it...

      10. 10.No drawback of duty paid at the rate of fivepence...

      11. 11.For the purposes of this Schedule, and of section three...

      12. 12.(1) The provisions of paragraphs 1, 2, 4 and 10...

    4. FOURTH SCHEDULE

      Duty on licences for premises used for, the addition of priming and colouring solutions to beer

      1. 1.The duty payable on the grant of a licence in...

      2. 2.The duty payable on the grant of a licence in...

      3. 3.Section three of the Finance Act, 1915 (which provides for...

      4. 4.For the purpose of this Schedule the following expressions have...

    5. FIFTH SCHEDULE

      Reduced rates of entertainments duty in case of certain entertainments

    6. SIXTH SCHEDULE

      Duties on certain Preserved Fruits

    7. SEVENTH SCHEDULE

      United Kingdom—India Trade Agreement

      1. Article 1.

      2. Article 2.

      3. Article 3.

      4. Article 4.

      5. Article 5.

      6. Article 6.

        1. 1.His Majesty's Government in the United Kingdom undertake that on...

        2. 2.His Majesty's Government in the United Kingdom undertake that on...

      7. Article 7.

      8. Article 8.

      9. Article 9.

      10. Article 10.

        1. 1.In this Article :— The expression " cotton year "...

        2. 2.His Majesty's Government in the United Kingdom undertake that they...

        3. 3.From the entry into force of this Agreement the customs...

        4. 4.If in any cotton piece goods year the total quantity...

        5. 5.If in any cotton piece goods year the total quantity...

        6. 6.For the purpose of determining the appropriate rates of duty...

        7. 7.Notwithstanding anything contained in the preceding paragraphs, if the imports...

        8. 8.(1) If in any cotton year the quantity of Indian...

        9. 9.For the purpose of calculating imports in any cotton year...

        10. 10.Any alteration of the duties charged on United Kingdom cotton...

      11. Article 11.

      12. Article 12.

      13. Article 13.

        1. 1.The Government of India will, as soon as may be...

        2. 2.The Government of Ceylon will continue in force during the...

        3. 3.In this Article the expression " the interim period "...

      14. Article 14.

      15. Article 15.

      16. Article 16.

    8. EIGHTH SCHEDULE

      Amended rates of duty in the case of certain mechanically propelled vehicles

      1. Part I Paragraph to be substituted for Paragraph 1 of the Second Schedule to the Finance Act, 1920

      2. Part II Paragraph to be substituted for Paragraph 6 of the Second Schedule to the Finance Act, 1920

    9. NINTH SCHEDULE

      Computation of Profit and Capital for Purposes of Armament Profits Duty

      1. Part I Adaptation of income tax provisions as to computation of profit

        1. 1.The profits shall be taken to be the actual profits...

        2. 2.There may be deducted in respect of any such year...

        3. 3.(1) Where any buildings, plant or machinery have, - after...

        4. 4.The principles of the Income Tax Acts under which deductions...

        5. 5.The provisions of subsection (4) of section twenty-seven of the...

        6. 6.No income received from investments shall be included in the...

        7. 7.No deduction shall be made on account of liability to...

        8. 8.No deduction shall be made in respect of any transaction...

        9. 9.In the case of a business carried on in any...

        10. 10.Where the performance of a contract extends beyond the year...

      2. Part II Provision for computing capital

        1. 1.(1) Subject to the provisions of this Part of this...

        2. 2.Any borrowed money and debts shall be deducted, and in...

        3. 3.Any investments and any moneys not required for the purposes...

        4. 4.For the purpose of ascertaining the average amount of capital...

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