Part VI Miscellaneous

53 Interest on overdue tax. C1

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 in section 8(2) of the Finance (No. 2) Act 1947 (remission of interest for tax paid not later than three months from the date on which it becomes due and payable) for the words “three months" there shall be substituted the words “two months".

2

Without prejudice to the general interpretative provisions of this Act, this section applies to the enactmemtns mentioned in subsection (1) above as extended by any other enactments, . . . F1

3

This section has effect as respects tax becoming due and payable on or after 1st July 1968.

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1

The text of ss, 40–50, 53, 60, 61(2)(7) and Schs. 15 and 16 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as otherwise indicated, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

C454 Premium savings bonds: increase of prize money.

1

The terms of issue of premium savings bonds shall be altered by substituting for the prospectus relating to the issue of bonds of series B the provisions of Schedule 18 to this Act, being provisions which—

a

increase the rate of interest at which the prize fund is calculated from 4½ per cent. to 45/8percent. (but subject F11... to a power of varying the rate of interest F12... )F13...

F14b

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

2

Subsection (1) above shall come into force on 1st September 1968 and have effect as respects all bonds issued before that date, whether before or after the passing of this Act.

3

If after the coming into force of subsection (1) above the Treasury issue premium savings bonds on the terms set out in the said Schedule to this Act, they may use any stock of forms of bonds which were prepared before the passing of this Act, notwithstanding that the forms refer to the prospectus superseded by subsection (1) above, and bonds issued in that form shall be valid and effectual as if they stated that the bond was issued under the terms in the said Schedule to this Act.

This subsection applies whether or not the bonds are issued after notice has been given, in pursuance of paragraph 15 in the said Schedule, of a variation of its terms.

4

In this section “bonds of series B” means the second issue of premium savings bonds, and “premium savings bonds” means both those issued under the M1National Loans Act 1939 and those issued under the M2National Loans Act 1968.

F255. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

60 Provisional collection of taxes. C2

In section 1(4) of the Provisional Collection of Taxes Act 1968 M3 (circumstances in which a resolution ceases to have statutory effect) paragraph (b) (under which a resolution continues in force if a Bill is amended by the house so as to implement the resolution within twenty-five sitting days from the passing of the resolution) shall have effect as if after the words “is amended by the House" there were added the words “in Committee or on Report, or by any Standing Committee of the House".

Annotations:
Modifications etc. (not altering text)
C2

The text of ss, 40–50, 53, 60, 61(2)(7) and Schs. 15 and 16 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as otherwise indicated, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

Marginal Citations

61 Citation, interpretation, construction, extent and repeals.

1

This Act may be cited as the Finance Act 1968.

C32

In this Act, except where the context otherwise requires, “the Board” means the Commissioners of Inland Revenue.

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10

F15C37

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

8

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.

9

Except as otherwise expressly provided, 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.