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Finance Act 1961

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Legislation Crest

Finance Act 1961

1961 CHAPTER 36 9 and 10 Eliz 2

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[19th July 1961]

Extent Information

E1For the extent of this Act see s. 37(5)

Commencement Information

I1Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991. Some provisions came into force at specific times of day.

Part IU.K. Customs and Excise

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F66—8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F7S. 9, Schs. 3, 4 repealed by Excise Duties (Surcharges or Rebates) Act 1979 (c. 8 SIF 40:1 ), s. 4(3), Sch. 2

F810. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F911. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F9S. 11 repealed by Customs and Excise Management Act 1979 (c. 2 SIF 40:1), s. 177(3), Sch. 6 pt. 1

F1012—29.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F1130. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

X131 Increase of rate of profits tax.U.K.

As from the beginning of April, nineteen hundred and sixty-one, the rate at which the profits tax is to be charged by virtue of subsection (1) of section twenty-five of the Finance Act, 1958, shall be increased from twelve and a half per cent.to fifteen per cent.

Editorial Information

X1The text of Ss.31, 32 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

32 Excess profits tax, excess profits levy and special contribution: terminal date for making assessments.U.K.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1333. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F13S.33 repealed by Finance Act 1970 (c. 24 SIF 12:1), s. 36(8),Sch. 8 pt. V

F1434. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F14S. 34 repealed by Finance Act 1986 (c. 41 SIF 65), s.114, Sch. 23 pt. IX

F1535. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F15S. 35 repealed by National Debt Act 1972 (c. 65 SIF 99), s.17(1), Sch.

F1636. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F16S. 36 repealed by National Loans Act 1968 (c. 13 SIF 99:3), s. 24(2), Sch. 6 pt. I

Part IIIU.K. General And Supplementary

37 Short title, interpretation, construction, extent and repeal.U.K.

(1)This Act shall be cited as the Finance Act 1961.

F17(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)Part I of this Act shall be construed as one with [F18the M1Customs and Excise Management Act 1979]. . .

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

(5)Such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.

F17(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F17S. 37 repealed in part by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1),Sch.16; Finance Act 1970 (c. 24 SIF 12:1), s.36(8), Sch.8 pt. V; Statute Law (Repeals) Act 1974 (c. 22); Customs and Excise Management Act 1979 (c. 2 SIF 40:1), s. 177(3), Sch. 6 pt. 1

Modifications etc. (not altering text)

Marginal Citations

SCHEDULES

F19FIRST SCHEDULEU.K.

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

F20SECOND SCHEDULEU.K.

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F21THIRD, FOURTH SCHEDULEU.K.

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

Textual Amendments

F21S. 9, Schs. 3, 4 repealed by Excise Duties (Surcharges or Rebates) Act 1979 (c. 8 SIF 40:1 ), s. 4(3), Sch. 2

F22FIFTH SCHEDULEU.K.

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

F23SIXTH SCHEDULEU.K.

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

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