{
  "url": "https://openlegislation.uk/finance-act-1994/section-51",
  "json_url": "https://openlegislation.uk/finance-act-1994/section-51.json",
  "legislation": "ukpga/1994/9",
  "legislation_title": "Finance Act 1994",
  "legislation_url": "https://openlegislation.uk/finance-act-1994",
  "path": "section/51",
  "kind": "section",
  "number": "51",
  "heading": "Rate of tax.",
  "text": "(1) Tax shall be charged—\n(a) at the higher rate, in the case of a premium which is liable to tax at that rate; and\n(b) at the standard rate, in any other case.\n(2) For the purposes of this Part—\n(a) the higher rate is 20 per cent .; and\n(b) the standard rate is 12 per cent .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 51 substituted (19.3.1997 with effect as mentioned in s. 24 of the amending Act) by 1997 c. 16, s. 21(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 51(2)(a) substituted (27.7.2010 with effect as mentioned in s. 4(2) of the amending Act) by Finance (No. 2) Act 2010 (c. 31), s. 4(1)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 51(2)(b) substituted (with effect in accordance with s. 17(2)-(5) of the amending Act) by Finance Act 2017 (c. 10), s. 17(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1994/9/section/51",
    "retrieved_at": "2026-10-29T09:34:21.412655+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}