Part I
1 Termination of surcharge under Finance Act 1961 s. 9 and related increases in duties.
(1)
. . . F1
(2)
. . . F2
(3)
. . . F3
(4)
Subject to any new order of the Treasury under section 2 of the M1Purchase Tax Act 1963, Part I of Schedule 1 to that Act (chargeable and exempt goods and rates of tax) as amended by section 5 of the M2Finance Act 1968 shall have effect—
(a)
as from 16th April 1969, with the substitution for any reference to 12½ per cent., 20 per cent., 331/3 per cent. or 50 per cent. of a reference respectively to 13¾ per cent., 22 per cent., 362/3; per cent. or 55 per cent. ; and
(b)
as from 27th May 1969, with the further amendments specified in Schedule 6 to this Act (being amendments adding further goods to those chargeable with purchase tax or amending the provisions as to exemptions).
F4(5)
The provisions of Schedule 7 to this Act shall have effect for the purpose of—
(a)
defining whisky for all purposes of customs and excise;
(b)
. . . F5
(c)
. . . F6
(d)
. . . F7