# Finance (No. 2) Act 1945, Section 43: Income tax on post-war refunds.


Subject to the provisions of the two next following sections, income tax shall be charged for the year 1946–47 on all sums paid as, or on account of, post-war refunds, whenever those sums are paid, and shall be so charged by deduction of tax at the standard rate for that year, and any sums so paid shall be deemed to be income for all the purposes of the Income Tax Acts.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/13/section/43 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-1945/section-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.