OpenLegislation

Finance Act 1961

Eliz2/9-10 c. 36 · Enacted 19 July 1961 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 21 July 2008.

E1I1An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.[19th July 1961]

Annotations to the whole text

Commencement

I1

Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991. Some provisions came into force at specific times of day.

Extent

E1

For the extent of this Act see s. 37(5)

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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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. 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  9. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  10. 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  11. 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  12. 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  13. 31Increase of rate of profits tax.
  14. 32Excess profits tax, excess profits levy and special contribution: terminal date for making assessments. Repealed
  15. 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  16. 34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  18. 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  19. Part III: General And Supplementary
  20. 37Short title, interpretation, construction, extent and repeal.
  21. Schedule FIRST SCHEDULE
  22. Paragraph Repealed
  23. Schedule SECOND SCHEDULE
  24. Paragraph Repealed
  25. Schedule THIRD, FOURTH SCHEDULE
  26. Paragraph Repealed
  27. Schedule FIFTH SCHEDULE
  28. Paragraph Repealed
  29. Schedule SIXTH SCHEDULE
  30. Paragraph Repealed

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

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

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

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

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

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

9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

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

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

30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

31Increase of rate of profits tax.X1

As from the beginning of April, nineteen hundred and sixty-one, the rate at which the profits tax is to be charged by virtue of subsection (1) of section twenty-five of the Finance Act, 1958, shall be increased from twelve and a half per cent.to fifteen per cent.

32Excess profits tax, excess profits levy and special contribution: terminal date for making assessments.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F1

37Short title, interpretation, construction, extent and repeal.C1

(1)

This Act shall be cited as the Finance Act 1961.

(2)

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(3)

Part I of this Act shall be construed as one with F2the M1Customs and Excise Management Act 1979. . .

(4)

Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or applied by or under any other enactment, including this Act.

(5)

Such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.

(6)

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