Finance Act 1933

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1. Introductory Text

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   PART I Customs and Excise.

   1. 1. Reduced duties and drawbacks on certain descriptions of beer.

   2. 2. Continuation of duty on hops, and &c., and amendment of additional duty and drawbacks on beer.

   3. 3. Excise duty on licence to brewer for sale.

   4. 4. Increased duty on matches.

   5. 5. Increased duties on mechanical lighters.

   6. 6. Amendments as to duty on hydrocarbon oils.

   7. 7. Relief from duty on heavy hydrocarbon oils used as fuel for vessels in home waters.

   8. 8. Increase of excise duty on British sparkling wines.

   9. 9. Power of Treasury to vary silk duties.

   10. 10. Repayment of customs duty where goods returned by importer.

   11. 11. Exemption from customs duties of prizes, and c, awarded abroad.

   12. 12. Valuation of goods for purpose of all ad valorem duties.

   13. 13. Reduction of certain duties under s. 3 of 15 and 16 Geo. 5. c. 36.

   14. 14. Power to repeal or reduce duties under 22 and 23 Geo. 5. c. 8 having regard to commercial agreements.

   15. 15. Amendments as to imperial preference.

   16. 16. Substitution of a specific duty for general ad valorem duty.

   17. 17. Amendment as to additional duties under 22 and 23 Geo. 5. c. 8.

   18. 18. Application to embroidered goods of 22 and 23 Geo. 5 c. 8. s. 14.

   19. 19. Extension of 22 and 23 Geo. 5. c. 8. s. 14 as respects goods subjected to a process abroad.

   20. 20. Miscellaneous amendments as to goods dutiable under 15 and 16 Geo. 5. c. 36. s. 3 and 11 and 12 Geo. 5. c. 47.

   21. 21. Deduction from duty repaid under 15 and 16 Geo. 5 c. 36. s. 3.

   22. 22. Sale of spirits in reputed pint bottles.

   23. 23. Removal of certain restrictions on warehousing British compounded spirits.

   24. 24. Amendment as to permits and certificates accompanying spirits.

   25. 25. Alteration of duties on licences for certain mechanically-propelled vehicles.

   26. 26. Period of licence in case of special mechanically propelled vehicles.

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   PART II Income Tax.

   1. 27. Income tax for 1933-34.

   2. 28. Higher rates of income tax for 1932-33.

   3. 29. Amendment as to payment of tax by instalments.

   4. 30. Continuance of allowance for repairs under 13 and 14 Geo. 5. c. 14. s. 28.

   5. 31. Charge of tax on mutual profits and repeal of 8 and 9 Geo. 5. c. 40. s. 39(4).

   6. 32. Payment of loan and share interest of registered societies without deduction of tax.

   7. 33. Power to carry forward expenses in respect of which relief may be given under 8 and 9 Geo. 5. c. 40. s. 33.

   8. 34. Recovery of sur-tax due from beneficiary under discretionary trust.

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   PART III National Debt.

   1. 35. Provisions as to permanent annual charge for the National Debt for 1933-34.

   2. 36. Amendment as to deficit for 1932-33.

   3. 37. Transfer to Exchequer of balance of War Loan Depreciation Fund.

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   PART IV Post Office Fund.

   1. 38. Ascertainment of Post Office net surplus.

   2. 39. Establishment and application of Post Office Fund.

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   PART V Miscellaneous and General.

   1. 40. Repayment of advances made to the Road Fund.

   2. 41. Reduction of stamp duty on statements as to capital of companies, and c.

   3. 42. Effect of non-compliance with stamp laws in case of certain bills of exchange.

   4. 43. Reduction of rate of interest on death duties.

   5. 44. Reduction of rate of interest on excess profits duty.

   6. 45. Date of operation of certain tables for calculating annuities.

   7. 46. Exercise of powers of Board of Trade under Act.

   8. 47. Short title, construction, extent and repeals.

7. SCHEDULES.

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      FIRST SCHEDULE

      Duties and Drawbacks on Beer.

      1. PART I Rate of Excise Duty.

      2. PART II Rate of Excise Drawback.

      3. PART III Rate of Customs Duty.

      4. PART IV Rate of Customs Drawback.

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      SECOND SCHEDULE

      Provisions to be substituted for Scale 2 of First Schedule to the Finance (1909-10) Act, 1910.

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      THIRD SCHEDULE

      Rates of Customs Duties on Matches.

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      FOURTH SCHEDULE

      Reduced Rate of Duty chargeable on certain Musical Instruments, Clocks, &c.

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      FIFTH SCHEDULE

      Provisions for Determining for Purposes of Preferences under 22 & 23 Geo. 5 cc. 8 and 53 whether Goods are Grown, Produced or Manufactured in a part of the British empire.

      1. 1. For the purposes of any provision of the Import Duties...

      2. 2. The countries and territories to which the proviso to the...

      3. 3. For the purpose of this Schedule, the value of any...

      4. 4. It shall be lawful for the Commissioners on the importation...

      5. 5. In this Schedule the expression "the British Empire" has the...

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      SIXTH SCHEDULE

      Provisions as to Re-importation and Re-exportation of certain Goods.

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         PART I Provisions as to Duties chargeable under 15 & 16 Geo. 5 c. 36. s. 3.

         1. 1. Section thirteen of the Import Duties Act, 1932 (which exempts...

         2. 2. Where it appears to the Commissioners— (a) that any article...

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         PART II Provisions as to Duties under 11 & 12 Geo. 5 c. 47.

         1. 1. Section thirteen of the Safeguarding of Industries Act, 1921 (which...

         2. 2. Where it appears to the Commissioners— (a) that any article...

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      SEVENTH SCHEDULE

      Amended Rates of Duty in the case of certain Mechanically-Propelled Vehicles.

      1. PART I Paragraph to be substituted for Paragraph 3 of the Second Schedule to the Finance Act, 1920.

      2. PART II Paragraph to be substituted for Paragraph 4 of the Second Schedule to the Finance Act, 1920.

      3. PART III Paragraph to be substituted for Paragraph 5 of the Second Schedule to the Finance Act, 1920.

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      EIGHTH SCHEDULE

      Enactments Repealed.