Hansard

No 7 Purchase Tax (Exemptions And Reductions Of Rates)

Volume 436: debated on Tuesday 22 April 1947

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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,—

  • (a) purchase tax shall cease to be chargeable in respect of goods of the class specified in Part I of the following Table; and
  • (b) purchase tax shall become chargeable at the reduced rate and at the basic rate in respect of goods of the classes specified respectively in Parts II and III of the said Table.