Finance Act 1992

Excise duties

1 Spirits, beer, wine, made-wine and cider

(1) In section 5 of the [1979 c. 4.] Alcoholic Liquor Duties Act 1979 (spirits) for “£18.96” there shall be substituted “£19.81”.

(2) In section 36 of that Act (beer) as that section has effect apart from section 7(1) of the [1991 c. 31.] Finance Act 1991 for “£1.06” there shall be substituted “£1.108”.

(3) For the Table of rates of duty in Schedule 1 to that Act (wine and made-wine) there shall be substituted the Table in the Schedule to this Act.

(4) In section 62(1) of that Act (cider) for “£20.40” there shall be substituted “£21.32”.

(5) This section shall be deemed to have come into force at 6 o'clock in the evening of 10th March 1992.

2 Tobacco products

(1) For the Table in Schedule 1 to the [1979 c. 7.] Tobacco Products Duty Act 1979 there shall be substituted—

“TABLE

1. Cigarettes	An amount equal to 21 per cent. of the retail price plus £44.32 per thousand cigarettes.
2. Cigars	£67.89 per kilogram.
3. Hand-rolling tobacco	£71.63 per kilogram.
4. Other smoking tobacco and chewing tobacco	£29.98 per kilogram.”

(2) This section shall be deemed to have come into force at 6 o'clock in the evening of 10th March 1992.

3 Hydrocarbon oil

(1) In section 6(1) of the [1979 c. 5.] Hydrocarbon Oil Duties Act 1979 for “£0.2585” (duty on light oil) and “£0.2187” (duty on heavy oil) there shall be substituted “£0.2779” and “£0.2285” respectively.

(2) In section 11(1) of that Act (rebate on heavy oil) for “£0.0091” (fuel oil) and “£0.0129” (gas oil) there shall be substituted “£0.0095” and “£0.0135” respectively.

(3) In section 13A(1) of that Act (rebate on unleaded petrol) for “£0.0344” there shall be substituted “£0.0437”.

(4) In section 14(1) of that Act (rebate on light oil for use as furnace fuel) for “£0.0091” there shall be substituted “£0.0095”.

(5) This section shall be deemed to have come into force at 6 o'clock in the evening of 10th March 1992.

4 Vehicles excise duty

(1) The [1971 c. 10.] Vehicles (Excise) Act 1971 shall be amended as follows.

(2) In the Table set out in Part II of Schedule 1 (annual rate of duty on certain vehicles not exceeding 450 kilograms in weight unladen) for paragraph 4 (£50 duty on tricycles) there shall be substituted—

“4. Tricycles of which the cylinder capacity of the engine does not exceed 150 cubic centimetres	15.00
5. Tricycles not included above	50.00”.

(3) In Schedule 2 (annual rates of duty on hackney carriages) in the second column of the Table set out in Part II, for “100” (rate of duty on hackney carriages with seating capacity under nine) there shall be substituted “110”.

(4) In Schedule 5 (annual rate of duty on vehicles not falling within Schedules 1 to 4) in the second column of the Table set out in Part II, for “100.00” (rate of duty on vehicles not constructed before 1947) there shall be substituted “110.00”.

(5) This section shall apply in relation to licences taken out after 10th March 1992.

5 General betting duty

(1) In section 1(2) of the [1981 c. 63.] Betting and Gaming Duties Act 1981 (rate of general betting duty) for “8 per cent.” there shall be substituted “7.75 per cent.”

(2) This section shall apply in relation to bets made on or after 1st April 1992.