Finance Act 1981 in England

1981 c. 35 · Enacted 27 July 1981 · Extends to United Kingdom

Contents

1. Part I: Customs and Excise
2. 1Spirits, beer, wine, made-wine and cider.
3. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
4. 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
5. 4Increase on duty on hydrocarbon oil etc.
6. 5Energy for refineries etc.
7. 6Repayment of hydrocarbon oil duty.
8. 7Vehicles excise duty: Great Britain.
9. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
10. 9Betting and gaming duties.
11. 10Import and export procedures.
12. 11Miscellaneous customs and excise amendments.
13. Part II
14. 12—15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
15. Part III
16. 16—18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
17. Part IV: Income Tax, Corporation Tax and Capital Gains Tax
18. Chapter I: General
19. 19—37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
20. 38Section 38
21. 39—51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
22. Chapter II: Relief for Investments in New Corporate Trades
23. 52—67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
24. Chapter III: Benefits in Kind
25. 68—72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
26. Chapter IV: Capital Allowances
27. 73—77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
28. Chapter V: Capital Gains
29. 78Section 78
30. 79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
31. 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
32. 80A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
33. 81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
34. 82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
35. 82A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
36. 83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
37. 84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
38. 85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
39. 86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
40. 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
41. 88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
42. 89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
43. 90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
44. 91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
45. Part V: Capital Transfer Tax
46. 92—95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
47. 96Section 96
48. 97—106. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
49. Part VI: Stamp Duty
50. 107Sale of houses at discount by local authorities etc.
51. 108Shared ownership transactions. Repealed
52. 109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
53. 110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
54. Part VII: Petroleum Revenue Tax
55. 111Restriction of expenditure supplement.
56. 112Restriction of expenditure supplement: transfers of interest.
57. 113Restriction of expenditure supplement: loss following net profit period.
58. 114Restriction of limit on amount of tax payable.
59. 115Contracts with deferred payment.
60. 116Spreading of capital expenditure.
61. 117Spreading of capital expenditure: transitional provisions.
62. 118Licence payments other than royalties.
63. 119Transportation costs for off-shore oil.
64. 120. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
65. 121Gas banking schemes.
66. Part VIII: Supplementary Petroleum Duty
67. 122Charge of supplementary petroleum duty.
68. 123Increase of gross profit by reference to royalties in kind.
69. 124Reduction of gross profit by reference to exempt allowance.
70. 125Repayment of duty in case of field showing loss on cessation.
71. 126Deduction of duty in computing assessable profit or allowable loss for petroleum revenue tax.
72. 127Deduction of duty in computing income for corporation tax.
73. 128Supplementary Provisions.
74. Part IX
75. 129—133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
76. Part X: Miscellaneous and Supplementary
77. 134Special tax on banking deposits.
78. 135Chevening Estate.
79. 136Exchange control.
80. 137Irish land Acts.
81. 138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
82. 139Short title, interpretation, construction and repeals.
83. Schedule S 1, 2Schedule S 1, 2
84. Schedule S 3, 4Schedule S 3, 4
85. Schedule 5Schedule 5
86. Schedule 6: Import Procedures: Amendments of Customs and Excise Management Act 1979
87. Entry of goods on importation
88. 1Paragraph 1 Repealed
89. Acceptance of incomplete entry
90. 2Paragraph 2 Repealed
91. Examination of goods for purpose of making entry
92. 3Paragraph 3 Repealed
93. Correction and cancellation of entry
94. 4Paragraph 4
95. Removal of uncleared goods
96. 5Paragraph 5
97. Failure to comply with provisions as to entry
98. 6Paragraph 6
99. Duties on imported goods
100. 7Paragraph 7
101. Delivery of imported goods on giving security for duty
102. 8Paragraph 8
103. Restriction on delivery of goods
104. 9Paragraph 9
105. Schedule 7: Export Procedures
106. Part I: Sections Substituted in Customs and Excise Management Act 1979
107. 53Entry outwards of goods.
108. 54Acceptance of incomplete entry.
109. 55Correction and cancellation of entry.
110. 56Failure to export.
111. 57Delivery of entry by owner of exporting ship etc.
112. 58Simplified clearance procedure.
113. 58ALocal export control.
114. 58BProvisions supplementary to ss. 58 and 58A.
115. 58CPipe-lines and export of ships and aircraft.
116. 58DOperative date for Community purposes.
117. 58EAuthentication of Community customs documents.
118. Part II: Amendments of Customs and Excise Management Act 1979
119. Control of movement of goods
120. 1Paragraph 1
121. Dutiable or restricted goods
122. 2Paragraph 2
123. Restrictions on putting export goods alongside for loading
124. 3Paragraph 3
125. Provisions as to stores
126. 4Paragraph 4
127. Power to make regulations as to exportation, etc.
128. 5Paragraph 5
129. Schedule 8: Miscellaneous Customs and Excise Amendments
130. Part I: Amendments of Customs and Excise Management Act 1979
131. Definition of “revenue trader”
132. 1Paragraph 1
133. Warehousing regulations
134. 2Paragraph 2
135. Deficiency in warehoused goods
136. 3Paragraph 3
137. Procedure on warehouse ceasing to be approved
138. 4Paragraph 4
139. Excise licences
140. 5Paragraph 5
141. Powers of entry on premises of revenue traders
142. 6Paragraph 6
143. Power to estimate excise duties
144. 7Paragraph 7 Repealed
145. Execution and distress
146. 8Paragraph 8 Repealed
147. Proof of documents
148. 9Paragraph 9
149. Part II: Amendments of Alcoholic Liquor Duties Act 1979
150. Ascertainment of volume etc. of alcoholic liquors from labels etc.
151. 10Paragraph 10
152. Definitions of “wholesale” and “wholesaler”
153. 11Paragraph 11
154. Regulations about manufacture of spirits
155. 12Paragraph 12
156. Attenuation charge for distilled spirits
157. 13Paragraph 13 Repealed
158. Distillers’ warehouses
159. 14Paragraph 14
160. Rectifying and compounding of spirits
161. 15Paragraph 15
162. Drawback on British compounds and spirits of wine
163. 16Paragraph 16 Repealed
164. Restrictions on distillers and rectifiers
165. 17Paragraph 17 Repealed
166. Spirits consignment and advice notes
167. 18Paragraph 18
168. Transfer of spirit from distillers’ warehouses
169. 19Paragraph 19
170. Abolition of wholesalers’ licences etc.
171. 20Paragraph 20
172. Restrictions on wholesalers of spirits
173. 21Paragraph 21 Repealed
174. Methylated spirits
175. 22Paragraph 22
176. 23Paragraph 23
177. Part III: Amendments of Licensing Acts
178. The Licensing Act 1964
179. 24Paragraph 24 Repealed
180. 25Paragraph 25 Repealed
181. 26—28Paragraph 26—28 Repealed
182. Schedule s 9—12. . . . . . . . . . . . . . . . . . . . . . Schedule s 9—12. . . . . . . . . . . . . . . . . . . . . .
183. Schedule s 13, 14Schedule s 13, 14
184. Schedule 15Schedule 15
185. Schedule 16: Supplementary Petroleum Duty
186. Management
187. 1Paragraph 1
188. 2Paragraph 2
189. Returns and information
190. 3Paragraph 3
191. Assessments and determinations
192. 4Paragraph 4
193. 5Paragraph 5
194. 6Paragraph 6
195. Appeals
196. 7Paragraph 7
197. 8Paragraph 8
198. Payment
199. 9Paragraph 9
200. 10Paragraph 10
201. 11Paragraph 11
202. 12Paragraph 12
203. Interest
204. 13Paragraph 13
205. Transfers to associated companies
206. 14Paragraph 14
207. Schedule 17: Special Tax on Banking Deposits
208. Part I: The Base Period and Chargeable Deposits
209. The base period
210. 1Paragraph 1
211. Chargeable deposits
212. 2Paragraph 2
213. 3Paragraph 3
214. 4Paragraph 4
215. 5Paragraph 5
216. 6Paragraph 6
217. Part II: Management and Collection
218. Management
219. 7Paragraph 7
220. Notice of liability
221. 8Paragraph 8
222. Returns
223. 9Paragraph 9
224. 10Paragraph 10
225. Payment of tax
226. 11Paragraph 11
227. Assessments
228. 12Paragraph 12
229. 13Paragraph 13
230. Right of appeal
231. 14Paragraph 14
232. Interest
233. 15Paragraph 15
234. Information
235. 16Paragraph 16
236. Incorrect returns, accounts, etc.
237. 17Paragraph 17
238. Application of Taxes Management Act
239. 18Paragraph 18
240. Schedule 18Schedule 18
241. Schedule 19: Repeals
242. IImport Procedures Not yet in force
243. IIExport Procedures
244. IIICustoms and Excise: Miscellaneous
245. 1Paragraph 1
246. 2Paragraph 2
247. 3Paragraph 3
248. 4Paragraph 4
249. IVValue Added Tax
250. VCar Tax
251. VIIncome Tax and Corporation Tax: General
252. 1Paragraph 1
253. 2Paragraph 2
254. 3Paragraph 3
255. 4Paragraph 4
256. VIIStock Relief
257. VIIICapital Gains
258. 1Paragraph 1
259. 2Paragraph 2
260. IXCapital Transfer Tax
261. 1Paragraph 1
262. 2Paragraph 2
263. 3Paragraph 3
264. 4Paragraph 4
265. 5Paragraph 5
266. 6Paragraph 6
267. XPetroleum Revenue Tax
268. XIExchange Control
269. XIIIrish Land Acts