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Finance Act 1978

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Changes over time for: Finance Act 1978 (without Schedules)

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Version Superseded: 01/04/2010

Status:

Point in time view as at 10/07/2003.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1978. Help about Changes to Legislation

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 Community 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 grantingof bounties or subsidies by countries which are not members of the Coal and Steel Community.

(2)Without prejudice to the generality of the power conferred by subsection (1) above, so far as may be necessary for giving effect to Community 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). . . F4 any duty chargeable on goods by virtue of subsection (1) above,. . . F4 shall be addition to any other duty of customs for the time being chargeable on those goods.

F5(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

F5(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F5S. 6(5)-(7)(9) repealed (31.7.1998) by 1998 c. 36, s. 165, Sch. 27 Pt. V(4)

F6S. 6(8) repealed by Customs and Excise Duties (General Relief) Act 1979 (c. 3), Sch. 3 Pt. I

7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7U.K.

Textual Amendments

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

F8(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F8S. 8(1)(4)(5) repealed (1.9.1994) by 1994 c. 22, s. 65, Sch. 5 Pt. I (with s. 57(4))

F9S. 8(2)(3) and words in s. 8(4) repealed (13.10.1993) by Finance (No.2) Act 1992 (c. 48), s. 82, Sch. 18 Pt. IV; S.I. 1993/2272, reg. 2.

Modifications etc. (not altering text)

C1The text of ss. 8, 9, 77, 80(3)(b) and Schs. 1, 11 and 13 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.

F109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11U.K.

PART IIU.K. VALUE ADDED TAX

11 Registration.U.K.

(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12

[F13(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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12

Textual Amendments

Modifications etc. (not altering text)

C2 “that Schedule” is Schedule 1 to the Finance Act 1972 (c. 41)

12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14U.K.

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

U.K. CHAPTER IGENERAL

13—28.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15U.K.

29 Divers and diving supervisors.U.K.

(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16

(3)In paragraph 2(b) of Schedule 15 to the Finance Act 1973 (information about emoluments paid or payable in respect of duties performed in connection with exploration or exploitation activities) for the words “emoluments paid or payable in respect of duties” there shall be substituted the words—[for substituted words see 1973 Sch.15 para.2(b)].

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17

30—36.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18U.K.

37—40.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F19U.K.

41—43.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F20U.K.

CHAPTER IIU.K. CAPITAL GAINS

44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21U.K.

45 Chattel exemption.U.K.

(1)-(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22

(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; . . . F23

46—52.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24U.K.

Textual Amendments

CHAPTER IIIU.K. PROFIT SHARING SCHEMES

F2553—61.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

PART IVU.K. CAPITAL TRANSFER TAX

62, 63.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F26U.K.

Textual Amendments

64—74.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27U.K.

75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F28U.K.

76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29U.K.

PART VU.K. MISCELLANEOUS AND SUPPLEMENTARY

F3077 Disclosure of information to tax authorities in other member States.U.K.

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

Textual Amendments

F30S. 77 repealed (10.7.2003) by Finance Act 2003 (c. 14), Sch. 43 Pt. 5(1)

78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F31U.K.

79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F32U.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 [F33the 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 . . . F34;

(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F35

(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.

Textual Amendments

Modifications etc. (not altering text)

C3The text of ss. 8, 9, 77, 80(3)(b) and Schs. 1, 11 and 13 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.

Marginal Citations

Yn ôl i’r brig

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