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Finance Act 1927

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. PART I Customs and Excise

    1. 1.Duty on tea

    2. 2.Additional medicine duties

    3. 3.Exemption of motor tyres from customs duty to cease

    4. 4.Amendment with respect to duty on cinematograph films

    5. 5.Increased duties on wines

    6. 6.Excise duty on sweets

    7. 7.Duties and drawbacks on tobacco

    8. 8.Increased duty on matches

    9. 9.Customs duty on translucent or vitrified pottery

    10. 10.Time for payment of beer duty

    11. 11.Alteration of duties on certain licences for mechanically-propelled vehicles

    12. 12.Rebate of duty in case of licences taken out for certain motor vehicles in 1927

    13. 13.Extension of s.16 of Finance Act, 1921

    14. 14.Provisions with respect to certain processes of distillation

    15. 15.Amendment as to allowances in respect of spirits

    16. 16.Power to make regulations requiring returns with respect to importation, & c, of certain alcohols

    17. 17.Bottling of spirits in warehouse

    18. 18.Reduction of betting duty in case of bets made under certain conditions on sporting events

    19. 19.Paper to be used as material for yarn exempted from duty on wrapping paper

  3. PART II Income Tax

    1. Charge of Tax and Miscellaneous

      1. 20.Income tax and super-tax for 1927-28

      2. 21.Amendment as to date of payment of tax under Schedule A

      3. 22.Amendment as to relief from tax in respect of losses

      4. 23.Application of s.29 of Finance Act, 1926, to certain cases

      5. 24.Amendment as to exemption from income tax in respect of profits of trades carried on by charities

      6. 25.Payment of income tax on certain copyright royalties by deduction

      7. 26.Amendment of Rule 21 of General Rules

      8. 27.Relief in respect of losses in transactions, profits of which would be chargeable under Case VI of Schedule D

      9. 28.Relief in respect of losses in business set up after 6th April 1923

      10. 29.Relief in respect of losses where business is transferred to a company

      11. 30.Amendment of s. 84 of Income Tax Act, 1918

    2. Provisions relating to Super-tax

      1. 31.Amendment of 12 & 13 Geo. 5 c.17 s.21

      2. 32.Application of 12 & 13 Geo.5 c.17 s.21 to interconnected companies

      3. 33.Provisions for preventing avoidance of super-tax by sales cum dividend, & c

      4. 34.Relief from super-tax where income attributable to a period exceeding a year is received in a year

      5. 35.Relief from super-tax in case of purchases cum dividend

      6. 36.Supplemental provisions

      7. 37.Application of last six preceding sections

  4. PART III Amendment with respect to Method op charging additional Income Tax on higher income, basis of assessment under schedule E., &c

    1. 38.Charge of income tax at standard rate and at higher rates in respect of income above certain amount

    2. 39.Provisions with respect to income tax chargeable by way of deduction

    3. 40.Substitution of reliefs by way of deductions from tax for reliefs by way of deductions from assessable income, & c

    4. 41.Provisions with respect to making and determination of claims

    5. 42.Provisions as to date of payment, assessment, & c of sur-tax

    6. 43.Power to require returns of income from all sources

    7. 44.Special provisions as to returns in connection with sur-tax, & c

    8. 45.Basis of assessment for Schedule E, & c

    9. 46.Minor amendments

    10. 47.Construction and commencement of Part III and repeal

  5. PART IV Miscellaneous and General

    1. 48.Amount of New Sinking Fund (1923) for 1926-27

    2. 49.Transfer of sum from Road Fund to Exchequer

    3. 50.Continuance during current financial year of s.58 of 10 and 11 Geo.5 c.18

    4. 51.Relief under s. 16 of Finance Act, 1907, in connection with certain settled property to cease

    5. 52.Provisions with respect to relief from double taxation in certain cases where succession duty is payable in Northern Ireland

    6. 53.Authorisation of disclosure of information in connection with taxes to officers of Northern Ireland Government

    7. 54.Amendment of s.12 of Finance Act, 1898

    8. 55.Relief from capital and transfer stamp duty in case of reconstructions or amalgamations of companies

    9. 56.Provision as to stamp duty on powers of attorney

    10. 57.Construction, short title, application and repeal

  6. SCHEDULES.

    1. FIRST SCHEDULE

    2. SECOND SCHEDULE

      Tobacco

      1. PART I Customs Duties

      2. PART II Excise Duties

      3. PART III Drawback

    3. THIRD SCHEDULE

      Matches

      1. PART I Customs Duties

      2. PART II Excise Duties

    4. FOURTH SCHEDULE

      Amended Rates op Duty in the case of certain Mechanically-Propelled Vehicles

      1. Amendments to be made in paragraph 4 of the Second Schedule to the Finance Act, 1920

        1. 1.In sub-paragraph (2) for the words "used for haulage "...

        2. 2.Sub-paragraph (3) shall cease to have effect.

        3. 3.In sub-paragraph (4) for the words "used at anytime "...

      2. Amendments to be made in paragraph 5 of the Second Schedule to the Finance Act, 1920

    5. FIFTH SCHEDULE

      1. PART I

      2. PART II

        1. 1. Amendments of section 25 of Finance Act, 1920

        2. 2. Amendments of section 27 of Finance Act, 1920

      3. PART III Other Minor and Consequential Amendments or Income Tax Acts

    6. SIXTH SCHEDULE

      Enactments repealed

      1. PART I

      2. PART II

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