OpenLegislation

Finance Act 1901

Edw7/1 c. 7 · Enacted 26 July 1901 · Extends to United Kingdom

Not fully up to date. 1 change made by later legislation has not yet been written into this text, which is revised to 21 July 2008.

See the changes not yet applied
ProvisionChangeMade by
s. 10(3A)insertedStatute Law (Repeals) Act 2008 Sch. 2 para. 3

An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue . . .F1

I1[26th July 1901]

Annotations to the whole text

Textual amendments

F1

Words omitted under authority of Statute Law Revision Act 1927 (c. 42)

Commencement

I1

Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991.

Contents

  1. Part I: Customs and Excise
  2. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  3. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  4. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  5. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  6. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  7. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  8. 7–9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  9. 10Addition or deduction of new or altered duties in the case of contract.
  10. Part II
  11. 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  12. Part III
  13. 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  14. 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  15. Part IV
  16. 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. Part V: General
  18. 15Short title and construction.
  19. Schedule S 1–3Schedule S 1–3
  20. Schedule 4Schedule 4

1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

7–9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

10Addition or deduction of new or altered duties in the case of contract.C2

(1)

Where any new F1customs duty or new excise duty is imposed, or where any customs duty or excise duty is increased, and any goods in respect of which the duty is payable are delivered after the day on which the new or increased duty takes effect in pursuance of a contract made before that day, the seller of the goods may, in the absence of agreement to the contrary, recover, as an addition to the contract price, a sum equal to any amount paid by him in respect of the goods on account of the new duty or the increase of duty, as the case may be.

(2)

Where any customs duty or excise duty is repealed or decreased, and any goods affected by the duty are delivered after the day on which the duty ceases or the decrease in the duty takes effect in pursuance of a contract made before that day, the purchaser of the goods, in the absence of agreement to the contrary, may, if the seller of the goods has had in respect of those goods the benefit of the repeal or decrease of the duty, deduct from the contract price a sum equal to the amount of the duty or decrease of duty, as the case may be.

C1(3)

Where any addition to, or deduction from, the contract price may be made under this section on account of any new or repealed duty, such sum as may be agreed upon or in default of agreement determined by the Commissioners of Customs . . . F2, as representing in the case of a new duty any new expenses incurred, and in the case of a repealed duty any expenses saved, may be included in the addition to or deduction from the contract price, and may be recovered or deducted accordingly.

F3(3A)

This section applies whether or not the goods have undergone a process of manufacture or preparation, or have become a part or ingredient of other goods.

(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

15Short title and construction.

(1)

This Act may be cited as the Finance Act 1901.

(2)

Part I of this Act, so far as it relates to duties of customs, shall be construed together with the M1Customs Consolidation Act 1876, and the Acts amending that Act (in this Act referred to as the Customs Acts), and so far as it relates to duties of excise shall be construed together with the Acts which relate to the duties of excise and the management of those duties.

Schedule S 1–3F1

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Schedule 4F1

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