PART IU.K. CUSTOMS AND EXCISE

1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1U.K.

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2U.K.

3—5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3U.K.

6 Anti-dumping measures on ECSC products.U.K.

(1)In relation to any product covered by the ECSC treaty, the Secretary of State may by order make such provision as appears to him to be appropriate for the purpose of giving effect to any Recommendation or other [F4EU] obligation arising under that treaty and relating to the imposition, amendment, suspension, revocation or annulment of anti-dumping measures, that is to say, measures for affording protection against dumping or the granting of bounties or subsidies by countries which are not members of the [F5European Union].

(2)Without prejudice to the generality of the power conferred by subsection (1) above, so far as may be necessary for giving effect to [F4EU] obligation, an order under that subsection may, in circumstances specified in the order,—

(a)require the provision of security of an amount determined under the order by way of provisional duty;

(b)provide for the collection of the whole or a particular proportion of any amount so secured;

(c)charge a duty of customs; and

(d)make provisions of the order applicable to goods imported into the United Kingdom or another member State before the order comes into force ;

and the power to make an order under that subsection includes power to vary or revoke an order previously made in the exercise of that power and shall be exercisable by statutory instriment which shall be subject to annulment in pursuance of a resolution of the Commons House of Parliament.

(3)Where the application or amount of any charge imposed by an order under subsection (1) above depends in some factor other than the country of origin, the Commissioners may require the importer of any goods to state such facts as they may think necessary in order to determine the duty chargeable on those goods ; and if any facts so required are not stated, the duty chargeavle shall be determined on the basis that the facts are such as the Commissioners may determine.

(4)F6. . . any duty chargeable on goods by virtue of subsection (1) above, F6. . . shall be addition to any other duty of customs for the time being chargeable on those goods.

F7(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F7(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F7(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F7(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9U.K.

8 Vehicles Excise Duty: Great Britain.U.K.

F10(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F129. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13U.K.

PART IIU.K. VALUE ADDED TAX

11 Registration.U.K.

(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14

[F15(3)After paragraph 10 of that Schedule (cancellation of registration) there shall be inserted—

“10AWhere a registered person who has at any time ceased to be liable to be registered by virtue of paragraph 2 of this Schedule has before that time failed or subsequently failsto make any return or account for or pay any tax as required by or under this Act, the Commissioners may, if they think fit, cancel his registration with effect from such date as they may determine.”

(4)In paragraph 11 of that Schedule (discretionary registration) the existing provisions shall become sub-paragraph (1) and after those provisions there shall be inserted—

“(2)Where the Commissioners refuse to act or to continue to act on a request made by a person under sub-paragraph (1)(b) above, they shall give him written notice of their decision and of the grounds on which it was made.”;

and in section 40(1) of the said Act of 1972 (appeals) after paragraph (g) ther shall be inserted—

“(g)any refusal to act or to continue to act on a request under paragraph 11(1)(b) of Schedule 1 to this Act;”.]

(5)(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14

12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16U.K.

PART IIIU.K. INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

U.K. CHAPTER IGENERAL

13—28.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17U.K.

29 Divers and diving supervisors.U.K.

F18(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F19(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F20(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30—36.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21U.K.

37—40.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22U.K.

41—43.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23U.K.

CHAPTER IIU.K. CAPITAL GAINS

44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24U.K.

45 Chattel exemption.U.K.

(1)-(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F25

(5)In sections 12(2)(b) and 25(7) of the Taxes Management Act 1970 (information about chargeable gains) for “£1,000” there shall be substituted “£2,000”.

(6)This section applies for the year 1978-79 and subsequent years of assessment; . . . F26

46—52.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27U.K.

CHAPTER IIIU.K. PROFIT SHARING SCHEMES

F2853—61.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

PART IVU.K. CAPITAL TRANSFER TAX

62, 63.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29U.K.

64—74.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F30U.K.

75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F31U.K.

76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F32U.K.

PART VU.K. MISCELLANEOUS AND SUPPLEMENTARY

F3377 Disclosure of information to tax authorities in other member States.U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F34U.K.

79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F35U.K.

80 Short title, interpretation, construction and repeals.U.K.

(1)This Act may be cited as the Finance Act 1978.

(2)In this Act “the Taxes Act” means the Income and Corporation Taxes Act 1970.

(3)In this Act—

(a)Part I (except sections 8 and 9) shall be construed as one with [F36the M1Customs and Excise Management Act 1979];

(b)Part II shall be construed as one with Part I of the M2Finance Act 1972;

(c)Part III, so far as it relates to income tax, shall be construed as one with the Income Tax Acts, so far as it relates to corporation tax shall be construed as one with the Corporation Tax Acts . . . F37;

(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F38

(4)Except so far as the context otherwise requires, any reference in this Act to any enactment shall be construed as a reference to that enactment as amended, and as including a reference to that enactment as applied, by or under any other enactment, including this Act.

(5)The enactments mentioned in Schedule 13 to this Act (which include spent enactments) are hereby repealed to the extent specified in the third column of that Schedule, but subject to any provision at the end of any Part of that Schedule.

SCHEDULES

F39SCHEDULE 1U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULES 2—5U.K. . . . F40

SCHEDULE 6U.K. . . . F41

SCHEDULES 7 AND 8U.K. . . . F42

SCHEDULE 9U.K. . . . F43

SCHEDULE 10U.K. . . . F44

Section 67.

SCHEDULE 11U.K. EMPLOYEE TRUSTS

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 12U.K. . . . F48

Section 80.

SCHEDULE 13U.K. REPEALS

PART IU.K. Customs and Excise

1. The repeals in the Customs Duties (Dumping and Subsidies) Act 1969 take effect subject to section 6(7) of this Act.

2. The repeals in the Finance Act 1972 and the Finance Act 1976 take effect on 1st December 1978.

PART IIU.K. Value Added Tax

PART IIIU.K. Income Tax

1. The repeals in sections 83 and 134 of the Income and Corporation Taxes Act 1970 take effect as mentioned in section 32(4) of this Act.

2. The repeal in Schedule 1 to the said Act of 1970 applies where the qualifying policy is issued or varied after 5th April 1979.

3. The repeals in Schedule 4 to the Finance Act 1976 and in section 35(3) of the Finance Act 1977 have effect for the year 1979-80 and subsequent years of assessment.

4. The repeals in section 22 of the Finance Act 1977 do not affect the construction of the remainder of that section.

PART IVU.K. Capital Gains

1. The repeals in the Finance Act 1971, in section 119(2)(a) of the Finance Act 1972 and in the Finance Act 1976 (except section 52(2)) and the repeal of section 44(2) of the Finance Act 1977 have effect for the year 1977-78 and subsequent years of assessment.

2. The repeals in the Finance Act 1966, the Finance Act 1974 and the Finance (No. 2) Act 1975 have effect in relation to disposals after 11th April 1978.

3. The repeal of section 44(1) of the Finance Act 1977 does not affect gains accruing on disposals before 6th April 1979.

4. The other repeals mentioned above have effect for the year 1978-79 and subsequent years of assessment.

PART VU.K. Capital Transfer Tax

1. The repeal of subsections (1) and (2) of section 47 of the Finance Act 1975 does not affect any variation or disclaimer made before 11th April 1978, and the repeal of subsection (5) of that section does not affect any deed or instrument made as provided by that subsection.

2. The repeal in paragraph 13(7) of Schedule 4 to that Act has effect subject to section 66(3) of this Act.

3. The repeal in Schedule 6 to that Act applies where the acquisition of the interest is after 11th April 1978.

4. The repeals in section 90 of the Finance Act 1976 do not affect dispositions made before 11th April 1978.