OpenLegislation

Finance Act 1968 in England

1968 c. 44 · Enacted 26 July 1968 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 2 November 2010.

An 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.

[26th July 1968]I1I2

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 in to force at specific times of the day.

I2

For the extent of this Act as regards Northern Ireland, see s. 61(9)

Contents

  1. Part I
  2. 1Section 1
  3. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  4. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  5. 4Section 4
  6. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  7. 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  8. 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  9. 8, 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  10. 10Section 10
  11. Part II
  12. 11—22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  13. 23Section 23
  14. 24—30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  15. Part III
  16. 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  17. 32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  18. 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  19. 34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  20. 35—37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  21. 38, 39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  22. Betterment levy
  23. 40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  24. Part IV: The Special Charge
  25. 41The special charge. Repealed
  26. 42Investment income. Repealed
  27. 43Due date, interest and administration. Repealed
  28. 44Husband and wife. Repealed
  29. 45Close companies. Repealed
  30. 46Relief where income attributable to period of years was received in 1967–68. Repealed
  31. 47Relief where capital is subject to estate duty or capital gains tax. Repealed
  32. 48Relief in respect of error or mistake, Repealed
  33. 49Double taxation relief. Repealed
  34. 50Transactions designed to avoid liability. Repealed
  35. Part V
  36. 51Section 51
  37. 52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  38. Part VI: Miscellaneous
  39. 53Interest on overdue tax.
  40. 54Premium savings bonds: increase of prize money.
  41. 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  42. 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  43. 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  44. 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  45. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  46. 60Provisional collection of taxes.
  47. 61Citation, interpretation, construction, extent and repeals.
  48. Schedule s 1—4.. . .
  49. Schedule 5.. . .
  50. Schedule 6.. . .
  51. Schedule 7.. . .
  52. Schedule 13.. . .
  53. Schedule 14.. . .
  54. Schedule 15.: Special Charge: Trusts Repealed
  55. Income out of capital, et ceteralaetc. Repealed
  56. 1Paragraph 1 Repealed
  57. Recovery of charge from trustees Repealed
  58. 2Paragraph 2 Repealed
  59. 3Paragraph 3 Repealed
  60. 4Paragraph 4 Repealed
  61. 5Paragraph 5 Repealed
  62. Income derived from another trust Repealed
  63. 6Paragraph 6 Repealed
  64. Notice to persons answerable for a trust Repealed
  65. 7Paragraph 7 Repealed
  66. Application of trust property in payment of charge Repealed
  67. 8Paragraph 8 Repealed
  68. Foreign trusts Repealed
  69. 9Paragraph 9 Repealed
  70. Limitation of liability of trustees Repealed
  71. 10Paragraph 10 Repealed
  72. Interpretation Repealed
  73. llParagraph ll Repealed
  74. 12Paragraph 12 Repealed
  75. 13Paragraph 13 Repealed
  76. Schedule 16.: Special Charge: Close Companies Repealed
  77. Special Apportionments Repealed
  78. 1Paragraph 1 Repealed
  79. 2Paragraph 2 Repealed
  80. 3Paragraph 3 Repealed
  81. Recovery of special charge from company Repealed
  82. 4Paragraph 4 Repealed
  83. Schedule 17.. . .
  84. Schedule 18: Premium Savings Bonds: New Terms
  85. 1Paragraph 1
  86. 2Paragraph 2
  87. 3Paragraph 3 Repealed
  88. 4Paragraph 4
  89. 5Paragraph 5
  90. 6Paragraph 6 Repealed
  91. 7Paragraph 7
  92. 8Paragraph 8
  93. 9Paragraph 9
  94. 10Paragraph 10 Repealed
  95. 11Paragraph 11
  96. 12Paragraph 12
  97. 13Paragraph 13
  98. 14Paragraph 14 Repealed
  99. 15Paragraph 15
  100. 16Paragraph 16 Repealed
  101. Schedule 19. . .
  102. Schedule 20: REPEALS
  103. Part I: CUSTOMS AND EXCISE REPEALS
  104. Paragraph Repealed
  105. Part II: DOUBLE TAXATION RELIEF REPEALS
  106. Paragraph Repealed
  107. Part III: CAPITAL GAINS REPEALS
  108. Paragraph Repealed
  109. Part IV: ESTATE DUTY REPEALS
  110. Paragraph Repealed
  111. Part V: EXCHANGE CONTROL REPEALS
  112. Paragraph Repealed
  113. Part VI: MISCELLANEOUS REPEALS
  114. Paragraph Repealed