# Taxation (No. 5) Act 1694, Section V: The Value of Home Goods paying ad valorem Duties, how ascertained.


Power to Officers to add £20 per Cent. to Value if the Crown appears to be defrauded.
And it is hereby, declared and enacted that the values of such of the said commodities made in England Wales or the Towne of Berwick as by this Act are to pay the duties ad valorem shall in all cases bee taken to bee so much as such commodities shall bee worth to bee sold as soon as they are perfectly made or fitt for use And in case any dispute or controversie shall att any time or times arise touching the valuation of any such commodities between the maker or makers thereof and his Majesties officer or officers (which said officer and officers are to bee under such orders and instructions as are before mentioned) in all and every such case and cases the value of such goods shall bee esteemed by the affidavitt of such maker or makers to bee made in writing before any of his Majesties Justices of the Peace (who are hereby impowered to take the same) and to bee delivered to the said officer or officers who shall thereupon have power by this Act (if he thinks his Majesty to bee apparently defrauded) to take such goods att the value specified in such affidavitt and Twenty per centum more for his Majesties use paying down ready money to the maker for the same Which ready money soe paid downe shall bee allowed upon the accounts to bee made to his Majesty for the Duties aforesaid and the goods in such cases shall bee sold and disposed of for his Majesties best advantage and profitt.

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Source: https://www.legislation.gov.uk/aep/WillandMar/6-7/18/section/V (the official version)
Page: https://openlegislation.uk/taxation-no-5-act-1694/section-V
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.