REPORT [15 th April]
Resolutions reported:
Customs And Excise
Hydrocarbon Oils (Customs)
1. "That, as from six o'clock in the evening on the fifteenth day of April, nineteen hundred and forty-seven—
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."
Tobacco (Customs)
2. "That, as from the sixteenth day of April, nineteen hundred and forty-seven, in lieu of the full and preferential duties of
customs theretofore chargeable on tobacco imported into the United Kingdom, there shall be charged on tobacco so imported of the descriptions set out in the first column of the following Table—.
Table | ||||||
Description of Tobacco. | Rates of duty per pound. | |||||
Full rates. | Preferential rates. | |||||
£ | s. | d. | £ | s. | d. | |
Tobacco unmanufactured: containing 10 lbs. or more of moisture in every 100 lbs. weight thereof: | ||||||
unstripped | 2 | 14 | 10 | 2 | 13 | 3½ |
stripped | 2 | 14 | 10½ | 2 | 13 | 3⅞ |
containing less than 10 lbs. of moisture in every 100 lbs. weight thereof: | ||||||
unstripped | 2 | 15 | 10 | 2 | 14 | 1½ |
stripped | 2 | 15 | 10½ | 2 | 14 | 1⅞ |
Tobacco manufactured. namely: | ||||||
Cigars | 3 | 4 | 5 | 3 | 1 | 5⅝ |
Cigarettes | 3 | 0 | 4 | 2 | 17 | 11½ |
Cavendish or Negrohead | 2 | 19 | 4 | 2 | 17 | 1 |
Cavendish or Negrohead manufactured in bond | 2 | 17 | 4 | 2 | 15 | 4½ |
Other manufactured tobacco | 2 | 17 | 7 | 2 | 15 | 7½ |
Snuff: | ||||||
containing more than 13 lbs. of moisture in every 100 lbs. Weight thereof | 2 | 16 | 10 | 2 | 14 | 11⅞ |
containing not more than 13 lbs. of moisture in every 100 lbs. weight thereof | 2 | 19 | 4 | 2 | 17 | 1 |
and so in proportion for any less quantity |
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the pro visions of the Provisional Collection of Taxes Act, 1913."
Tobacco (Excise)
3. "That, as from the sixteenth day of April, nineteen hundred and forty-seven, in lieu of the duties of excise theretofore charge able on tobacco grown in the United Kingdom, there shall be charged on tobacco so grown of the descriptions set out in the first column of the following Table duties of excise at the rates respectively specified in the second column of the Table.
Table | |||
Description of Tobacco. | Rates of duty per pound. | ||
£ | s. | d. | |
Tobacco unmanufactured: | |||
containing 10 lbs. or more of moisture in every 100 lbs. weight thereof | 2 | 13 | 1½ |
containing less than 10 lbs. of moisture in every 100 lbs. weight thereof | 2 | 13 | 11½ |
Tobacco manufactured, namely: | |||
Cavendish or Negrohead manufactured in bond | 2 | 15 | 4½ |
and so in proportion for any less quantity. |
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the pro visions of the Provisional Collection of Taxes Act, 1913."
Tobacco (Drawback)
4. "That, as respects tobacco on which there have been paid duties of customs or excise at the increased rates for which pro vision is made by any Resolution of the Committee of Ways and Means together with this Resolution, drawback shall be allowed at the rates set out in the following Table instead of at the rates set out in Part III of the Fourth Schedule to the Finance Act, 1943.
Table | ||||||
Description of Tobacco. | Rates per pound | |||||
In respect of tobacco on which full customs duty has been paid. | In respect of tobacco on which customs duty at a preferential rate or excise duty has been paid. | |||||
£ | s. | d. | £ | s. | d. | |
Cigars | 2 | 18 | 10 | 2 | 17 | 3½ |
Cigarettes | 2 | 15 | 10 | 2 | 14 | 3½ |
Cut, roll, cake or other manufactured tobacco | 2 | 15 | 7 | 2 | 14 | 0½ |
Snuff (not being offal snuff) | 2 | 15 | 4 | 2 | 13 | 9½ |
Stalks, shorts or other refuse of tobacco, including offal snuff | 2 | 15 | 1 | 2 | 13 | 6½ |
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the pro visions of the Provisional Collection of Taxes Act, 1913."
Artificial Silk (Customs And Excise)
5. "That as from the first day of May, nineteen hundred and forty-seven—
artificial silk yarn | … | the lb. | … | 9d. |
artificial silk tissues | … | the lb. | … | 11d., |
and the Silk Duties (No. 1) Order, 1934, shall have effect subject to the following amendments of Part II of the First Schedule to that Order (which sets out the rates of duties of customs on certain articles made wholly or partly of artificial silk), that is to say:
in the second column—
and Section nine of the Finance Act, 1933, shall have effect as if the preceding provisions of this paragraph of this Resolution were contained in an order made under that section:
Provided that nothing in this Resolution shall affect any drawback of duty allowable in respect of artificial silk or any article made wholly or in part of artificial silk where the duty became chargeable on the artificial silk whether before or after the passing of this Resolution and before the said first day of May, nineteen hundred and forty-seven,
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."
Allowance For Artificial Silk Used In Tyres (Customs)
6. "That no allowance shall be paid under Section eleven of the Finance Act, 1946, in respect of any artificial silk on which a duty of customs has been paid contained in yarn or tissue used in the manufacture of tyres if that duty becomes chargeable on or after the first day of May, nineteen hundred and forty-seven."
Purchase Tax
Purchase Tax (Intermediate And Higher Rates)
7. "That—
Table
Domestic appliances and domestic apparatus, being appliances and apparatus of a kind suitable for operation from electric or gas mains, but not including—
lighting and wireless appliances and apparatus;
gramophones and player pianos:
clocks and parts of clocks;
warming pads and blankets;
hair drying machines;
infra-red and ultra-violet ray lamps and radiant heat lamps.
Lawn mowers of a kind suitable for operation from electric mains."
No 7 Purchase Tax (Exemptions And Reductions Of Rates)
8. "That, as from the sixteenth day of April, nineteen hundred and forty-seven, subject to any subsequent order under Section twenty of the Finance (No. 2) Act, 1940,—
Table
Part I
Class of goods becoming exempt
Domestic water filters designed to remove bacteria and other suspended impurities from drinking water by mechanical means, but not including filters also employing chemical reaction.
Part Ii
Classes of goods becoming chargeable at reduced rate
Floor coverings, including linoleum, but not including carpets, carpeting, rugs, mats, matting and wooden floor coverings.
Chambers not supplied as part of a toilet service, and chair pans and commode pans and lids for such chambers and pans as aforesaid.
Hot water bottles of a kind designed for use as bed warmers or foot warmers.
Requisites for cricket of the following descriptions—bats, balls, stumps and bails and wicket keepers' and batsmen's pads and gloves.
Footballs, and part of footballs, and footballers' shinguards.
Requisites for hockey, but not for ice hockey, of the following descriptions—sticks, balls and shinguards.
Boxing gloves.
Rowing boats specially designed as racing boats.
Part Iii
Classes of goods becoming chargeable at basic rate
Razor strops and razor sharpeners, but not including strops and sharpeners supplied as part of a toilet set.
Dental sticks and toothpicks."
Income Tax
Charge Of Tax
9. "That—
And it is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."
Personal Reliefs
10. "That—
Provided that the additional relief afforded by this Resolution for the year 1947–48 shall not affect the amount of tax deductible or repayable before the seventh day of July, nineteen hundred and forty-seven.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."
Farm Animals
11. "That, save in so far as may be otherwise provided by any Act of the present Session relating to Finance, animals and other living creatures kept for the purposes of farming or for the purposes of any trade whatsoever shall be treated for income tax purposes as trading stock or, in so far as an option conferred by the said Act to have them treated on an alternative basis has been duly exercised as respects them, on that alternative basis; and that where such an option is availed of or is or has been or may become available, such other consequences shall ensue for income tax purposes to all persons then or thereafter concerned as may be provided by the said Act."
Double Taxation Relief
12. "That the extent and incidence of in come tax, for the year 1946–47 and subsequent years of assessment, shall be varied so as to give effect to amendments of the law relating to the effects of provisions in arrangements with the governments of territories outside the United Kingdom for the crediting, against United Kingdom tax, of tax payable under the laws of those territories."
Transfers Of Assets Under Coal Industry Nationalisation Act
13. "That, as respects past, present and future years of assessment, the law applicable to the income tax of the National Coal Board and the other persons concerned shall be amended -in relation to cases where, whether before or after the passing of this Resolution, assets vest in that Board by virtue of any of the provisions of the Coal Industry Nationalisation Act, 1946."
Exceptional Depreciation Allowances
14. "That any exceptional depreciation allowance in respect of a building or structure for the year of assessment in which the appointed day (within the meaning of the Income Tax Act, 1945) falls shall, for the purposes of Section four of that Act, be written off as at the end of the immediately preceding year of assessment, and this Resolution shall apply to all years of assessment, including the year 1946–47."
Benefits Procured For Directors And Employees
15. "That it is expedient to impose liability to income tax where benefits (including benefits which are to be enjoyed only on the happening of particular contingencies) are or are to be procured or provided by bodies for persons who, as directors or otherwise, are taking part or are to take part or have taken part in the management of their affairs, or by employers of any kind for persons who are or are to be or have been their employees."
Profits Tax And Excess Profits Tax Profits Tax
16. "That the extent and incidence of the profits tax (for past and future chargeable accounting periods) be varied so as to give effect to amendments as to the rate of the tax, the scope of the tax, the computation of profits and losses for the purposes of the tax, the relief to be given for double taxation and the other conditions subject to which the tax is charged."
Excess Profits Tax
17. "That the extent and incidence of excess profits tax (for all chargeable accounting periods) be varied so as to give effect to amendments as to the meaning of the expression 'remuneration' in reference to directors and to provisions operating where there has been a direction under Section twenty-four of the Finance Act, 1943."
Legacy And Succession Duties
Charge Of Additional Duty
18. "That there shall be charged on legacies derived from a testator or intestate dying on or after the sixteenth day of April, nineteen hundred and forty-seven, and successions arising on or after that day, on which legacy or succession duty is payable or has before that day been paid under the enactments now in force, a further legacy or succession duty at a rate equal to the rate of aggregate rate of the duty thereon under those enactments; and this Resolution shall apply also to other legacies and successions so as to authorise charging the further legacy or succession duty thereon on deaths and other events happening on or after the said sixteenth day of April."
Stamps
Conveyances, Transfers And Leases
19. "That the stamp duties charged under or by reference to the headings Conveyance or
Transfer, whether on sale or otherwise,' 'Conveyance or Transfer on sale of any property 'and' Lease or Tack' in the First Schedule to the Stamp Act, 1891, shall be double those now chargeable, but this Resolution—
Stocks, Marketable Securities And Letters Of Allotment, &C
20. "That
Loan Capital, Bonds, Mortgages, &C
21. "That—
Bonus Issues Of Securities
22. "That where on or after the sixteenth day of April, nineteen hundred and forty-seven, a company issues any shares or other securities or increases the rights or reduces the liabilities attached to any shares or other securities and does so by way of bonus to members or debenture holders of itself or of another company, a statement shall be made of the value of the bonus, and that statement shall be charged with an ad valorem stamp duty of ten pounds for every hundred pounds or part of a hundred pounds of the value of the bonus, and any Act of the present Session relating to Finance may contain provision—
Miscellaneous
Essential Commodities Reserves Fund
23. "That the sum of nine hundred and seventy-three thousand and forty-one pounds fourteen shillings and sixpence be paid out of the Essential Commodities Reserves Fund into the Exchequer."