{
  "url": "https://openlegislation.uk/finance-no-2-act-1945/section-46",
  "json_url": "https://openlegislation.uk/finance-no-2-act-1945/section-46.json",
  "legislation": "ukpga/Geo6/9-10/13",
  "legislation_title": "Finance (No. 2) Act 1945",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-1945",
  "path": "section/46",
  "kind": "section",
  "number": "46",
  "heading": "Reliefs given and repayments made after payments have been made by way of post-war refund.",
  "text": "(1) Where any sum has been paid as, or on account of, a post-war refund, any relief from, or repayment of, the excess profits tax in respect of which the sum was paid, being a relief or repayment which falls to be given or made after the payment of that sum, shall be computed as if the rate of excess profits tax had, as respects all relevant chargeable accounting periods, been eighty per cent.:\nProvided that, in computing the amount of capital employed in the trade or business, the said tax shall be treated as chargeable at one hundred per cent. for all those periods.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) References in this section to a repayment of tax do not include references to any payment of, or on account of, a post-war refund.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 46(2) repealed by Finance Act 1953 (c. 34), ss. 32(5), 35(7), Sch. 3 Pt. II"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Geo6/9-10/13/section/46",
    "retrieved_at": "2026-10-29T11:26:11.760831+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."
}