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Finance Act 1980
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- UK Public General Acts
- 1980 c. 48
- Part I
- Section 10
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10 Regulator powers. U.K.
(1)The M1Excise Duties (Surcharges or Rebates) Act 1979 shall have effect with the following amendments, being amendments which remove the restrictions on the purposes for which and the period within which orders may be made under that Act and alter the provisions of that Act relating to parliamentary control.
(2)In section 1(2) for the words preceding paragraph (a) there shall be substituted the words “The Treasury may, by an order applying to one or more of the groups of duties to which this section applies, provide for an adjustment”.
(3)For section 2(2) there shall be substituted—
“(2)An order shall cease to be in force at the expiration of a period of one year from the date on which it takes effect unless continued in force by a further order.”
(4)For section 2(7), (8) and (9) there shall be substituted—
“(7)A statutory instrument containing an order which, with respect to all or any of the groups of duties—
(a)specifies a percentage by way of addition to duty or increases a percentage so specified; or
(b)withdraws or reduces a percentage specified by way of deduction from duty,
shall be laid before the House of Commons after being made; and unless the order is approved by that House before the expiration of twenty-eight days beginning with the date on which it was made, it shall cease to have effect on the expiration of that period, but without prejudice to anything previously done under it or to the making of a new order.
In reckoning any such period no account shall be taken of any time during which Parliament is dissolved or prorogued or during which the House of Commons is adjourned for more than four days.
(8)A statutory instrument containing an order to which subsection (7) above does not apply shall be subject to annulment in pursuance of a resolution of the House of Commons.”.
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