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Finance Act 1968

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  1. Introductory Text

  2. Part I

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

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

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

    4. 4.(1) . . . . . . . . ....

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

    6. 6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

    8. 8, 9.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    9. 10.(1) . . . . . . . . ....

  3. Part II

    1. 11—22.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 23.(1) . . . . . . . . ....

    3. 24—30.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  4. Part III

    1. 31.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 32.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 33.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    4. 34.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    5. 35—37.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    6. 38, 39.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    7. Betterment levy

      1. 40. Minerals: betterment levy, income tax and corporation tax.

  5. Part IV The Special Charge

    1. 41. The special charge.

    2. 42. Investment income.

    3. 43. Due date, interest and administration.

    4. 44. Husband and wife.

    5. 45. Close companies.

    6. 46. Relief where income attributable to period of years was received in 1967–68.

    7. 47. Relief where capital is subject to estate duty or capital gains tax.

    8. 48. Relief in respect of error or mistake,

    9. 49. Double taxation relief.

    10. 50. Transactions designed to avoid liability.

  6. Part V

    1. 51.(1) . . . . . . . . ....

    2. 52.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  7. Part VI Miscellaneous

    1. 53. Interest on overdue tax.

    2. 54. Premium savings bonds: increase of prize money.

    3. 55. Exchange control.

    4. 56.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    5. 57.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    6. 58.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    7. 59.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    8. 60. Provisional collection of taxes.

    9. 61. Citation, interpretation, construction, extent and repeals.

  8. Schedules

    1. Schedules 1—4.

      . . .

    2. Schedule 5.

      . . .

    3. Schedule 6.

      . . .

    4. Schedule 7.

      . . .

    5. Schedules 8—10.

      . . .

    6. Schedules 11, 12.

      . . .

    7. Schedule 13.

      . . .

    8. Schedule 14.

      . . .

    9. Schedule 15.

      Special Charge: Trusts

      1. Income out of capital, et ceteralaetc.

        1. 1. Special Charge: Trusts

      2. Recovery of charge from trustees

        1. 2. Special Charge: Trusts

        2. 3,. Special Charge: Trusts

        3. 4. Special Charge: Trusts

        4. 5. Special Charge: Trusts

      3. Income derived from another trust

        1. 6. Special Charge: Trusts

      4. Notice to persons answerable for a trust

        1. 7. Special Charge: Trusts

      5. Application of trust property in payment of charge

        1. 8. Special Charge: Trusts

      6. Foreign trusts

        1. 9. Special Charge: Trusts

      7. Limitation of liability of trustees

        1. 10. Special Charge: Trusts

      8. Interpretation

        1. ll. Special Charge: Trusts

        2. 12. Special Charge: Trusts

        3. 13. Special Charge: Trusts

    10. Schedule 16.

      Special Charge: Close Companies

      1. Special Apportionments

        1. 1. Special Charge: Close Companies

        2. 2. Special Charge: Close Companies

        3. 3. Special Charge: Close Companies

      2. Recovery of special charge from company

        1. 4. Special Charge: Close Companies

    11. Schedule 17.

      . . .

    12. SCHEDULE 18

      Premium Savings Bonds: New Terms

      1. 1.Premium Savings Bonds are a Government Security and are eligible...

      2. 2.Premium Saving Bonds, (Series B) (hereinafter called Bonds) will be...

      3. 3.The purchaser will be required to fill in an application...

      4. 4.Bonds are not transferable either during the lifetime or on...

      5. 5.There will be a monthly prize fund which will be...

      6. 6.A draw will be held each week to allot from...

      7. 7.A Bond will be eligible for inclusion in the first...

      8. 8.Each £1 unit Bond will have one chance in each...

      9. 9.Notwithstanding the provisions of paragraph 7 above any Bond purchased...

      10. 10.The monthly prize fund will be allocated in prizes of...

      11. 11.The serial numbers of Bonds which are allotted prizes will...

      12. 12.All matters relating to the method and conduct of the...

      13. 13.The purchase price of a Bond is repayable in full...

      14. 14.For the purposes of this Prospectus a Bond shall be...

      15. 15.The Treasury reserve the right by giving not less than...

      16. 16.If the Treasury give notice under paragraph 15 above to...

    13. Schedule 19

      . . .

    14. schedule 20

      REPEALS

      1. PART I CUSTOMS AND EXCISE REPEALS

      2. PART II DOUBLE TAXATION RELIEF REPEALS

      3. PART III CAPITAL GAINS REPEALS

      4. PART IV ESTATE DUTY REPEALS

      5. PART V EXCHANGE CONTROL REPEALS

      6. PART VI MISCELLANEOUS REPEALS

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