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Purchase Tax

Volume 436: debated on Tuesday 15 April 1947

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7. Purchase Tax (Intermediate and
Higher Rates)

Resolved:

"That—

  • (a) as from the sixteenth day of April, nineteen hundred and forty-seven, purchase tax shall be charged in respect of goods of the classes specified in the following Table—
  • (i) where they are not goods of the classes specified in the Seventh Schedule to the Finance Act, 1942, at an intermediate rate equal to two-thirds of the value of the goods; and
  • (ii) where they are goods of the classes specified in the said Seventh Schedule, at the higher rate; and
  • (b) the Treasury shall have power under Section twenty of the Finance (No. 2) Act, 1940, subject to approval by this House, by order to render chargeable at the intermediate rate goods not previously chargeable or chargeable at any other rate and to render goods previously chargeable at the intermediate rate chargeable at any other rate or not chargeable and the provisions of paragraph (a) of this Resolution shall have effect subject to any order under that section."