S. 1 repealed by Statute Law (Repeals) Act 1974 (c. 22), Sch. Pt. II

Ss. 2(1)–(8)(10), 3 repealed by Betting and Gaming Duties Act 1972 (c. 25), Sch. 7

Ss. 2(1)–(8)(10), 3 repealed by Betting and Gaming Duties Act 1972 (c. 25), Sch. 7

S. 4 repealed with savings by Finance Act 1977 (c. 36), s. 59(5), Sch. I Pt. II

S. 5 repealed by Customs and Excise Management Act 1979 (c. 2), s. 177(3), Sch. 6 Pt. I

S. 6 repealed (S.) (1.9.2009 at 5.00 a.m.) by Licensing (Scotland) Act 2005 (asp 16), s. 150(2), Sch. 7 (with s. 143); S.S.I. 2007/472, art. 3

S. 6(1)(2)(a) repealed by Alcoholic Liquor Duties Act 1979 (c. 4), Sch. 4 Pt. I

Words substituted by virtue of Interpretation Act 1978 (c. 30), s. 17(2)(a)

Words in s. 6(2)(b) repealed (24.11.2005) by Licensing Act 2003 (c. 17), s. 201(2), Sch. 6 para. 54(a), Sch. 7 (with ss. 2(3), 15(2), 195); S.I. 2005/3056, art. 2(2) (with art. 4)

Words in s. 6(2)(b) substituted (24.11.2005) by Licensing Act 2003 (c. 17), s. 201(2), Sch. 6 para. 54(b) (with ss. 2(3), 15(2), 195); S.I. 2005/3056, art. 2(2)

S. 7(1)–(4)(6)(7) repealed by Alcoholic Liquor Duties Act 1979 (c. 4), Sch. 4 Pt. I

S. 7(5)(8) repealed by Customs and Excise Management Act 1979 (c. 2), s. 177(3), Sch. 6 Pt. I

S. 8 repealed by Hydrocarbon Oil (Customs & Excise) Act 1971 (c. 12), s. 24(2), Sch. 7

S. 9 repealed by Vehicles (Excise) Act 1971 (c. 10), s. 39(5), Sch. 8 Pt. I

S. 10 repealed by Finance Act 1973 (c. 51), s. 59(7), Sch. 22 Pt. I

Ss. 11–14 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844 and Sch. 31

S. 15 repealed by Capital Allowances Act 1990 (c. 1, SIF 63:1), ss. 82, 164(4)(5), Sch. 2

S. 16 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844 and Sch. 31

S. 17 repealed by Finance Act 1972 (c. 41), ss. 75(7)(8) and 134, Sch. 10 para.10 and Sch. 28 Part V except as respects interest paid or payable before 1972–73

Ss. 19–26 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844 and Sch. 31

S. 27 repealed (6.4.1992 with effect as mentioned in s. 289(1) of 1992 c. 12) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290, Sch.12 (with s. 201(3), Sch. 11 paras. 22, 26(2), 27)

S. 28 repealed (6.4.1992 with effect as mentioned in s. 289(1) of 1992 c. 12) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290, Sch.12 (with s. 201(3), Sch. 11 paras. 22, 26(2), 27)

S. 29(1)(2)(3)(a)(4)(8) repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844(4), Sch. 31

S. 29(3)(5)(6)(7)(9) repealed (6.4.1992 with effect as mentioned in s. 289(1) of 1992 c. 12) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290, Sch.12 (with Sch. 11 paras. 22, 26(2), 27)

S. 30 repealed by Finance Act 1989 (c. 26), s. 187(1), Sch. 17 Pt. X

S. 31 repealed with savings by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

S. 32 repealed (27.7.1999 with effect as mentioned in Sch. 20 Pt. V(2) Notes 1, 2) by 1999 c. 16, s. 139, Sch. 20 Pt. V(2)

S. 33 extended by Finance Act 1976 (c. 40), s. 127(7).

Words in s. 33(1) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(2)(a)}

Words in s. 33 substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 1(a) (with regs. 7(4), 9(1))

Words in s. 33(1) substituted (with effect in accordance with s. 112(6) of the amending Act) by Finance Act 1999 (c. 16) ss. 112(4), 122, {Sch. 14 para. 5}

1891 c. 39.

Words repealed by Finance Act 1976 (c. 40), s. 127(4).

S. 33; definition of "recognised stock exchange" repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), art. 4(2)(b)

Words in s. 33(2)(b) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629),{ art. 4(3)}

Words in s. 33(2)(c) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(3)}

Words in s. 33(2)(d) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(3)}

1963 c. 18.

Words in s. 33(4) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(3)}

1891 c. 39.

Words in s. 33(5) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(3)}

1891 c. 38.

s. 33(7) added (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(S.I. 2001/3629), {art. 4(4)}

Words in s. 33(7) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 1(b) (with regs. 7(4), 9(1))

S. 34 repealed by Finance Act 1980 (c. 48), s. 122, Sch. 20 Pt. IX

S. 35 repealed by Northern Ireland (Loans) Act 1975 (c. 83), s. 4(2), Sch.

S. 36(3) repealed by Customs and Excise Management Act 1979 (c. 2, SIF 40:1), s. 177(3), Sch. 6 Pt. I

The text of s. 36(8) 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.

1891 c. 39.

http://www.legislation.gov.uk/ukpga/1970/24/bodyFinance Act 1970An 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.1973-12-31texttext/xmlenStatute Law Database2018-02-09Expert Participation2017-11-28Part I Customs and Excise
1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Gaming licence duty.(1)–(8)

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

(9)

Part II of Schedule 1 to this Act shall have effect for supplementing the provisions of this section (in that Schedule called “the principal section").

(10)

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

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6(1)

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

(2)

Angostura bitters shall be deemed not to be spirits for the purposes of—

(a)

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

(b)

the Licensing (Scotland) Act 1976... and any other enactment (whether passed before or after the commencement of this Act) in which “spirits” has the same meaning as in that Act;

and accordingly angostura bitters shall be treated as a non-intoxicating drink for the purposes of the enactments specified in paragraph (b) above.

7(1)–(4)

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

(5)

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

(6)(7)

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

(8)

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

8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part II Income Tax and Corporation TaxChapter I General
11–14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 Miscellaneous amendments of income tax and corporation tax law.

Schedule 4 to this Act (which contains amendments of the Taxes Act and of the Capital Allowances Act 1968) shall have effect.

Chapter II
19–26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART III MISCELLANEOUS Capital gains
27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29(1)(2)

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

(3)

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

(4)

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

(5)

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

(6)

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

(7)

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

(8)

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

(9)

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

30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Stamp duties
32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33Composition by stock exchanges in respect of transfer duty(1)

The Commissioners may enter into an agreement with, or with persons acting on behalf of, any recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD for the composition, in accordance with the provisions of this section, of the stamp duty chargeable under or by reference to Part I or paragraph 16 of Schedule 13 to the Finance Act 1999 (conveyance or transfer on sale or otherwise) on such instruments as may be specified in the agreement, . . . . . . .

(2)

An agreement under this section shall provide—

(a)

for every instrument to which the agreement relates to bear on its face an indication of the amount of stamp duty chargeable thereon,

(b)

for the issue in respect of every such instrument, by or on behalf of the recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD , of a certificate (which may relate to more than one such instrument) to the effect that stamp duty to the amount so indicated has been, or will be, accounted for to the Commissioners,

(c)

for the delivery to the Commissioners, by or on behalf of the recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD , of periodical accounts in respect of instruments to which the agreement relates, giving such particulars with respect thereto as may be specified in the agreement, and

(d)

for the payment to the Commissioners, by or on behalf of the recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD and on the delivery of any such account, of the aggregate amount of the stamp duty chargeable as mentioned in subsection(1) above on instruments to which the agreement relates during the period to which the account relates ;

and any such agreement may contain such other terms and conditions as the Commissioners think proper.

(3)

For the purposes of any agreement under this section, the form of brokers transfer provided for by section 1(2) of the Stock Transfer Act 1963 may be used in connection with any transaction notwithstanding that the particulars referred to in that provision could be inserted in the stock transfer there referred to.

(4)

An instrument to which an agreement under this section relates and in respect of which a certificate to the effect mentioned in subsection (2)(b) above has been issued by or on behalf of the recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD in question shall be treated for the purposes of the Stamp Act 1891 as stamped with the amount of duty indicated on the face of the instrument.

(5)

A recognised investment exchange , recognised clearing house, recognised CSD, EEA CSD or third country CSD or person making default in delivering any account required by an agreement under this section, or in paying any amount in accordance with such an agreement, shall be liable to a fine not exceeding £50 for any day during which the default continues; and, in addition, every amount payable under such an agreement shall bear interest at the rate of 5 per cent, per annum, recoverable by Her Majesty, from the due date for delivery of the account by reference to which it is payable until the actual date of payment.

(6)

Except in so far as the context otherwise requires, any reference to a stamp in section 9 or 10 of the Stamp Duties Management Act 1891 (allowances for spoiled stamps) shall include a reference to any indication of an amount of stamp duty on the face of any instrument to which an agreement under this section relates.

(7)

In this section “recognised investment exchange , “recognised clearing house”, “recognised CSD”, “EEA CSD” and “third country CSD” have the meanings given by section 285(1) of the Financial Services and Markets Act 2000.

Other provisions
34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

36 Citation, interpretation, construction, extent and repeals.(1)

This Act may be cited as the Finance Act 1970.

(2)

In this Act—

(a)

except where the context otherwise requires, “the Board” means the Commissioners of Inland Revenue,

(b)

the Taxes Act” means the Income and Corporation Taxes Act 1970,

(c)

the Management Act” means the Taxes Management Act 1970.

(3)

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

(4)

Part II of this Act, so far as it relates to income tax, shall be construed as one with the Income Tax Acts and, so far as it relates to corporation tax, shall be construed as one with the Corporation Tax Act.

(5)

Part III of this Act, so far as it relates to stamp duties, shall be construed as one with the Stamp Act 1891.

(6)

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.

(7)

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.

(8)

The enactments mentioned in Schedule 8 to this Act (which include enactments which are spent or otherwise unnecessary) are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision in relation thereto made at the end of any Part of that Schedule.

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<ref eId="c00098" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/1">S. 1</ref>
repealed by
<ref eId="c00099" href="http://www.legislation.gov.uk/id/ukpga/1974/22">Statute Law (Repeals) Act 1974 (c. 22)</ref>
,
<ref eId="c00100" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1974/22/schedule/part/II">Sch. Pt. II</ref>
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<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433801" marker="F2">
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<rref eId="c00101" class="subref" from="http://www.legislation.gov.uk/id/ukpga/1970/24/section/2/1" upTo="http://www.legislation.gov.uk/id/ukpga/1970/24/section/2/8">Ss. 2(1)–(8)</rref>
(10), 3 repealed by
<ref eId="c00102" href="http://www.legislation.gov.uk/id/ukpga/1972/25">Betting and Gaming Duties Act 1972 (c. 25)</ref>
,
<ref eId="c00103" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1972/25/schedule/7">Sch. 7</ref>
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<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433821" marker="F3">
<p>
<rref eId="c00104" class="subref" from="http://www.legislation.gov.uk/id/ukpga/1970/24/section/2/1" upTo="http://www.legislation.gov.uk/id/ukpga/1970/24/section/2/8">Ss. 2(1)–(8)</rref>
(10), 3 repealed by
<ref eId="c00105" href="http://www.legislation.gov.uk/id/ukpga/1972/25">Betting and Gaming Duties Act 1972 (c. 25)</ref>
,
<ref eId="c00106" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1972/25/schedule/7">Sch. 7</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433831" marker="F4">
<p>
<ref eId="c00107" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/4">S. 4</ref>
repealed with savings by
<ref eId="c00108" href="http://www.legislation.gov.uk/id/ukpga/1977/36">Finance Act 1977 (c. 36)</ref>
,
<ref eId="c00109" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1977/36/section/59/5">s. 59(5)</ref>
,
<ref eId="c00110" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1977/36/schedule/I/part/II">Sch. I Pt. II</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433841" marker="F5">
<p>
<ref eId="c00111" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/5">S. 5</ref>
repealed by
<ref eId="c00112" href="http://www.legislation.gov.uk/id/ukpga/1979/2">Customs and Excise Management Act 1979 (c. 2)</ref>
,
<ref eId="c00113" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1979/2/section/177/3">s. 177(3)</ref>
,
<ref eId="c00114" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1979/2/schedule/6/part/I">Sch. 6 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-411545075730b1ccc670565225a48df9" marker="F6">
<p>
<ref eId="cy7kbhc41-00004" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/6">S. 6</ref>
repealed (S.) (1.9.2009 at 5.00 a.m.) by
<ref eId="cy7kbhc41-00005" href="http://www.legislation.gov.uk/id/asp/2005/16">Licensing (Scotland) Act 2005 (asp 16)</ref>
,
<ref eId="cy7kbhc41-00006" class="subref" href="http://www.legislation.gov.uk/id/asp/2005/16/section/150/2">s. 150(2)</ref>
,
<ref eId="cy7kbhc41-00007" class="subref operative" href="http://www.legislation.gov.uk/id/asp/2005/16/schedule/7">Sch. 7</ref>
(with
<ref eId="cy7kbhc41-00008" class="subref" href="http://www.legislation.gov.uk/id/asp/2005/16/section/143">s. 143</ref>
);
<ref eId="cy7kbhc41-00009" href="http://www.legislation.gov.uk/id/ssi/2007/472">S.S.I. 2007/472</ref>
,
<ref eId="cy7kbhc41-00010" class="subref" href="http://www.legislation.gov.uk/id/ssi/2007/472/article/3">art. 3</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433851" marker="F7">
<p>
S. 6(1)(2)(
<i>a</i>
) repealed by
<ref eId="c00116" href="http://www.legislation.gov.uk/id/ukpga/1979/4">Alcoholic Liquor Duties Act 1979 (c. 4)</ref>
,
<ref eId="c00117" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1979/4/schedule/4/part/I">Sch. 4 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433871" marker="F8">
<p>
Words substituted by virtue of
<ref eId="c00118" href="http://www.legislation.gov.uk/id/ukpga/1978/30">Interpretation Act 1978 (c. 30)</ref>
,
<ref eId="c00119" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1978/30/section/17/2">s. 17(2)</ref>
(
<i>a</i>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-2ee77a25d277f1be044b7cd7e2d39ba6" marker="F9">
<p>
Words in s. 6(2)(b) repealed (24.11.2005) by
<ref eId="cy7k4y4q1-00008" href="http://www.legislation.gov.uk/id/ukpga/2003/17">Licensing Act 2003 (c. 17)</ref>
,
<ref eId="cy7k4y4q1-00009" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/201/2">s. 201(2)</ref>
,
<ref eId="cy7k4y4q1-00010" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/schedule/6/paragraph/54/a">Sch. 6 para. 54(a)</ref>
,
<ref eId="cy7k4y4q1-00011" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2003/17/schedule/7">Sch. 7</ref>
(with
<ref eId="cy7k4y4q1-00012" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/2/3">ss. 2(3)</ref>
,
<ref eId="cy7k4y4q1-00013" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/15/2">15(2)</ref>
,
<ref eId="cy7k4y4q1-00014" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/195">195</ref>
);
<ref eId="cy7k4y4q1-00015" href="http://www.legislation.gov.uk/id/uksi/2005/3056">S.I. 2005/3056</ref>
,
<ref eId="cy7k4y4q1-00016" class="subref" href="http://www.legislation.gov.uk/id/uksi/2005/3056/article/2/2">art. 2(2)</ref>
(with
<ref eId="cy7k4y4q1-00017" class="subref" href="http://www.legislation.gov.uk/id/uksi/2005/3056/article/4">art. 4</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-24d3a505cb849e13169854c8f787bdd2" marker="F10">
<p>
Words in s. 6(2)(b) substituted (24.11.2005) by
<ref eId="cy7k4y4q1-00024" href="http://www.legislation.gov.uk/id/ukpga/2003/17">Licensing Act 2003 (c. 17)</ref>
,
<ref eId="cy7k4y4q1-00025" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/201/2">s. 201(2)</ref>
,
<ref eId="cy7k4y4q1-00026" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2003/17/schedule/6/paragraph/54/b">Sch. 6 para. 54(b)</ref>
(with
<ref eId="cy7k4y4q1-00027" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/2/3">ss. 2(3)</ref>
,
<ref eId="cy7k4y4q1-00028" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/15/2">15(2)</ref>
,
<ref eId="cy7k4y4q1-00029" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2003/17/section/195">195</ref>
);
<ref eId="cy7k4y4q1-00030" href="http://www.legislation.gov.uk/id/uksi/2005/3056">S.I. 2005/3056</ref>
,
<ref eId="cy7k4y4q1-00031" class="subref" href="http://www.legislation.gov.uk/id/uksi/2005/3056/article/2/2">art. 2(2)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433881" marker="F11">
<p>
<rref eId="c00120" class="subref" from="http://www.legislation.gov.uk/id/ukpga/1970/24/section/7/1" upTo="http://www.legislation.gov.uk/id/ukpga/1970/24/section/7/4">S. 7(1)–(4)</rref>
(6)(7) repealed by
<ref eId="c00121" href="http://www.legislation.gov.uk/id/ukpga/1979/4">Alcoholic Liquor Duties Act 1979 (c. 4)</ref>
,
<ref eId="c00122" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1979/4/schedule/4/part/I">Sch. 4 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433891" marker="F12">
<p>
<ref eId="c00123" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/7/5/8">S. 7(5)(8)</ref>
repealed by
<ref eId="c00124" href="http://www.legislation.gov.uk/id/ukpga/1979/2">Customs and Excise Management Act 1979 (c. 2)</ref>
,
<ref eId="c00125" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1979/2/section/177/3">s. 177(3)</ref>
,
<ref eId="c00126" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1979/2/schedule/6/part/I">Sch. 6 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433921" marker="F13">
<p>
<ref eId="c00127" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/8">S. 8</ref>
repealed by
<ref eId="c00128" href="http://www.legislation.gov.uk/id/ukpga/1971/12">Hydrocarbon Oil (Customs & Excise) Act 1971 (c. 12)</ref>
,
<ref eId="c00129" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1971/12/section/24/2">s. 24(2)</ref>
,
<ref eId="c00130" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1971/12/schedule/7">Sch. 7</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433931" marker="F14">
<p>
<ref eId="c00131" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/9">S. 9</ref>
repealed by
<ref eId="c00132" href="http://www.legislation.gov.uk/id/ukpga/1971/10">Vehicles (Excise) Act 1971 (c. 10)</ref>
,
<ref eId="c00133" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1971/10/section/39/5">s. 39(5)</ref>
,
<ref eId="c00134" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1971/10/schedule/8/part/I">Sch. 8 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433941" marker="F15">
<p>
<ref eId="c00135" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/10">S. 10</ref>
repealed by
<ref eId="c00136" href="http://www.legislation.gov.uk/id/ukpga/1973/51">Finance Act 1973 (c. 51)</ref>
,
<ref eId="c00137" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1973/51/section/59/7">s. 59(7)</ref>
,
<ref eId="c00138" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1973/51/schedule/22/part/I">Sch. 22 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433951" marker="F16">
<p>
<rref eId="c00139" class="subref" from="http://www.legislation.gov.uk/id/ukpga/1970/24/section/11" upTo="http://www.legislation.gov.uk/id/ukpga/1970/24/section/14">Ss. 11–14</rref>
repealed by
<ref eId="c00140" href="http://www.legislation.gov.uk/id/ukpga/1988/1">Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)</ref>
,
<ref eId="c00141" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1988/1/section/844">s. 844</ref>
and Sch. 31
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433961" marker="F17">
<p>
<ref eId="c00142" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/15">S. 15</ref>
repealed by
<ref eId="c00143" href="http://www.legislation.gov.uk/id/ukpga/1990/1">Capital Allowances Act 1990 (c. 1, SIF 63:1)</ref>
,
<ref eId="c00144" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1990/1/section/82">ss. 82</ref>
,
<ref eId="c00145" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1990/1/section/164/4/5">164(4)(5)</ref>
,
<ref eId="c00146" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1990/1/schedule/2">Sch. 2</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433971" marker="F18">
<p>
<ref eId="c00147" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/16">S. 16</ref>
repealed by
<ref eId="c00148" href="http://www.legislation.gov.uk/id/ukpga/1988/1">Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)</ref>
,
<ref eId="c00149" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1988/1/section/844">s. 844</ref>
and Sch. 31
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433981" marker="F19">
<p>
<ref eId="c00150" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/17">S. 17</ref>
repealed by
<ref eId="c00151" href="http://www.legislation.gov.uk/id/ukpga/1972/41">Finance Act 1972 (c. 41)</ref>
,
<ref eId="c00152" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1972/41/section/75/7/8">ss. 75(7)(8)</ref>
and 134, Sch. 10 para.10 and Sch. 28 Part V except as respects interest paid or payable before 1972–73
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8433991" marker="F20">
<p>
<rref eId="c00153" class="subref" from="http://www.legislation.gov.uk/id/ukpga/1970/24/section/19" upTo="http://www.legislation.gov.uk/id/ukpga/1970/24/section/26">Ss. 19–26</rref>
repealed by
<ref eId="c00154" href="http://www.legislation.gov.uk/id/ukpga/1988/1">Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)</ref>
,
<ref eId="c00155" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1988/1/section/844">s. 844</ref>
and Sch. 31
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434011" marker="F21">
<p>
<ref eId="c00156" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/27">S. 27</ref>
repealed (6.4.1992 with effect as mentioned in s. 289(1) of
<ref eId="c00157" href="http://www.legislation.gov.uk/id/ukpga/1992/12">1992 c. 12</ref>
) by
<ref eId="c00158" href="http://www.legislation.gov.uk/id/ukpga/1992/12">Taxation of Chargeable Gains Act 1992 (c. 12)</ref>
,
<ref eId="c00159" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/section/290">s. 290</ref>
,
<ref eId="c00160" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/12">Sch.12</ref>
(with
<ref eId="c00161" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/section/201/3">s. 201(3)</ref>
,
<ref eId="c00162" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/22">Sch. 11 paras. 22</ref>
,
<ref eId="c00163" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/26/2">26(2)</ref>
,
<ref eId="c00164" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/27">27</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434031" marker="F22">
<p>
<ref eId="c00165" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/28">S. 28</ref>
repealed (6.4.1992 with effect as mentioned in s. 289(1) of
<ref eId="c00166" href="http://www.legislation.gov.uk/id/ukpga/1992/12">1992 c. 12</ref>
) by
<ref eId="c00167" href="http://www.legislation.gov.uk/id/ukpga/1992/12">Taxation of Chargeable Gains Act 1992 (c. 12)</ref>
,
<ref eId="c00168" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/section/290">s. 290</ref>
,
<ref eId="c00169" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/12">Sch.12</ref>
(with
<ref eId="c00170" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/section/201/3">s. 201(3)</ref>
,
<ref eId="c00171" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/22">Sch. 11 paras. 22</ref>
,
<ref eId="c00172" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/26/2">26(2)</ref>
,
<ref eId="c00173" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/27">27</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434111" marker="F23">
<p>
<ref eId="c00174" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/29/1/2/3">S. 29(1)(2)(3)</ref>
(
<i>a</i>
)(4)(8) repealed by
<ref eId="c00175" href="http://www.legislation.gov.uk/id/ukpga/1988/1">Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)</ref>
,
<ref eId="c00176" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1988/1/section/844/4">s. 844(4)</ref>
,
<ref eId="c00177" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/31">Sch. 31</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434121" marker="F24">
<p>
<ref eId="c00178" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/29/3/5/6/7/9">S. 29(3)(5)(6)(7)(9)</ref>
repealed (6.4.1992 with effect as mentioned in s. 289(1) of
<ref eId="c00179" href="http://www.legislation.gov.uk/id/ukpga/1992/12">1992 c. 12</ref>
) by
<ref eId="c00180" href="http://www.legislation.gov.uk/id/ukpga/1992/12">Taxation of Chargeable Gains Act 1992 (c. 12)</ref>
,
<ref eId="c00181" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/section/290">s. 290</ref>
,
<ref eId="c00182" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/12">Sch.12</ref>
(with
<ref eId="c00183" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/22">Sch. 11 paras. 22</ref>
,
<ref eId="c00184" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/26/2">26(2)</ref>
,
<ref eId="c00185" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1992/12/schedule/11/paragraph/27">27</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434191" marker="F25">
<p>
<ref eId="c00186" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/30">S. 30</ref>
repealed by
<ref eId="c00187" href="http://www.legislation.gov.uk/id/ukpga/1989/26">Finance Act 1989 (c. 26)</ref>
,
<ref eId="c00188" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1989/26/section/187/1">s. 187(1)</ref>
,
<ref eId="c00189" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1989/26/schedule/17/part/X">Sch. 17 Pt. X</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434201" marker="F26">
<p>
<ref eId="c00190" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/31">S. 31</ref>
repealed with savings by
<ref eId="c00191" href="http://www.legislation.gov.uk/id/ukpga/1975/7">Finance Act 1975 (c. 7)</ref>
,
<ref eId="c00192" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1975/7/section/50">ss. 50</ref>
,
<ref eId="c00193" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1975/7/section/52/2/3">52(2)(3)</ref>
,
<ref eId="c00194" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1975/7/section/59">59</ref>
,
<ref eId="c00195" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1975/7/schedule/13/part/I">Sch. 13 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434221" marker="F27">
<p>
<ref eId="c00196" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/32">S. 32</ref>
repealed (27.7.1999 with effect as mentioned in Sch. 20 Pt. V(2) Notes 1, 2) by
<ref eId="c00197" href="http://www.legislation.gov.uk/id/ukpga/1999/16">1999 c. 16</ref>
,
<ref eId="c00198" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1999/16/section/139">s. 139</ref>
,
<ref eId="c00199" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1999/16/schedule/20/part/V/2">Sch. 20 Pt. V(2)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22106361" marker="F28">
<p>
S. 33 extended by
<ref eId="c00201" href="http://www.legislation.gov.uk/id/ukpga/1976/40">Finance Act 1976 (c. 40)</ref>
,
<ref eId="c00202" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1976/40/section/127/7">s. 127(7)</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516231" marker="F29">
<p>
Words in s. 33(1) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00204" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(2)(a)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-aa6493d962ef36926de52d29dff2fd86" marker="F30">
<p>
Words in
<ref eId="cv24e7gg2-00006" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/33">s. 33</ref>
substituted (28.11.2017) by
<ref eId="cv24e7gg2-00007" href="http://www.legislation.gov.uk/id/uksi/2017/1064">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</ref>
,
<ref eId="cv24e7gg2-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">reg. 1</ref>
,
<ref eId="cv24e7gg2-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2017/1064/schedule/paragraph/1/a">Sch. para. 1(a)</ref>
(with
<ref eId="cv24e7gg2-00010" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</ref>
,
<ref eId="cv24e7gg2-00011" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516211" marker="F31">
<p>
Words in s. 33(1) substituted (with effect in accordance with
<ref eId="c00206" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1999/16/section/112/6">s. 112(6)</ref>
of the amending Act) by
<ref eId="c00207" href="http://www.legislation.gov.uk/id/ukpga/1999/16">Finance Act 1999 (c. 16)</ref>
ss. 112(4), 122, {Sch. 14 para. 5}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22114941" marker="F32">
<p>
<ref eId="c00208" href="http://www.legislation.gov.uk/id/ukpga/1891/39">1891 c. 39</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22114991" marker="F33">
<p>
Words repealed by
<ref eId="c00209" href="http://www.legislation.gov.uk/id/ukpga/1976/40">Finance Act 1976 (c. 40)</ref>
,
<ref eId="c00210" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1976/40/section/127/4">s. 127(4)</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516381" marker="F34">
<p>
S. 33; definition of "recognised stock exchange" repealed (1.12.2001) by
<ref eId="c00212" href="http://www.legislation.gov.uk/id/uksi/2001/3629">The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)</ref>
,
<ref eId="c00213" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2001/3629/article/4/2/b">art. 4(2)(b)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516251" marker="F35">
<p>
Words in s. 33(2)(b) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00215" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
),{ art. 4(3)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516271" marker="F36">
<p>
Words in s. 33(2)(c) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00217" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(3)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516281" marker="F37">
<p>
Words in s. 33(2)(d) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00219" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(3)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22114961" marker="F38">
<p>
<ref eId="c00220" href="http://www.legislation.gov.uk/id/ukpga/1963/18">1963 c. 18</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516291" marker="F39">
<p>
Words in s. 33(4) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00222" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(3)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22114971" marker="F40">
<p>
<ref eId="c00223" href="http://www.legislation.gov.uk/id/ukpga/1891/39">1891 c. 39</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516301" marker="F41">
<p>
Words in s. 33(5) substituted (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00225" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(3)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22114981" marker="F42">
<p>
<ref eId="c00226" href="http://www.legislation.gov.uk/id/ukpga/1891/38">1891 c. 38</ref>
.
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c22516311" marker="F43">
<p>
s. 33(7) added (1.12.2001) by Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001(
<ref eId="c00228" href="http://www.legislation.gov.uk/id/uksi/2001/3629">S.I. 2001/3629</ref>
), {art. 4(4)}
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-10dea500f6fb67ffe911d0c44d722ea7" marker="F44">
<p>
Words in
<ref eId="cv24e7gg2-00017" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/33/7">s. 33(7)</ref>
substituted (28.11.2017) by
<ref eId="cv24e7gg2-00018" href="http://www.legislation.gov.uk/id/uksi/2017/1064">The Central Securities Depositories Regulations 2017 (S.I. 2017/1064)</ref>
,
<ref eId="cv24e7gg2-00019" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/1">reg. 1</ref>
,
<ref eId="cv24e7gg2-00020" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2017/1064/schedule/paragraph/1/b">Sch. para. 1(b)</ref>
(with
<ref eId="cv24e7gg2-00021" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/7/4">regs. 7(4)</ref>
,
<ref eId="cv24e7gg2-00022" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/1064/regulation/9/1">9(1)</ref>
)
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434241" marker="F45">
<p>
<ref eId="c00229" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/34">S. 34</ref>
repealed by
<ref eId="c00230" href="http://www.legislation.gov.uk/id/ukpga/1980/48">Finance Act 1980 (c. 48)</ref>
,
<ref eId="c00231" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1980/48/section/122">s. 122</ref>
,
<ref eId="c00232" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1980/48/schedule/20/part/IX">Sch. 20 Pt. IX</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434251" marker="F46">
<p>
<ref eId="c00233" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/35">S. 35</ref>
repealed by
<ref eId="c00234" href="http://www.legislation.gov.uk/id/ukpga/1975/83">Northern Ireland (Loans) Act 1975 (c. 83)</ref>
,
<ref eId="c00235" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1975/83/section/4/2">s. 4(2)</ref>
,
<ref eId="c00236" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1975/83/schedule">Sch.</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c8434261" marker="F47">
<p>
<ref eId="c00237" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1970/24/section/36/3">S. 36(3)</ref>
repealed by
<ref eId="c00238" href="http://www.legislation.gov.uk/id/ukpga/1979/2">Customs and Excise Management Act 1979 (c. 2, SIF 40:1)</ref>
,
<ref eId="c00239" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1979/2/section/177/3">s. 177(3)</ref>
,
<ref eId="c00240" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1979/2/schedule/6/part/I">Sch. 6 Pt. I</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="C" class="commentary C" eId="c8434281" marker="C1">
<p>The text of s. 36(8) 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.</p>
</note>
<note ukl:Name="Commentary" ukl:Type="M" class="commentary M" eId="c8434271" marker="M1">
<p>
<ref eId="c00241" href="http://www.legislation.gov.uk/id/ukpga/1891/39">1891 c. 39</ref>
.
</p>
</note>
</notes>
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<dc:title>Finance Act 1970</dc:title>
<dc:description>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.</dc:description>
<dc:date>1973-12-31</dc:date>
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<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2018-02-09</dc:modified>
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<body eId="body" uk:target="true">
<part eId="part-I">
<num>Part I</num>
<heading> Customs and Excise</heading>
<section eId="section-1">
<num>1</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433791" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-2">
<num>2</num>
<heading> Gaming licence duty.</heading>
<subsection eId="section-2-1">
<num>(1)–(8)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433801" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-2-9">
<num>(9)</num>
<content>
<p>Part II of Schedule 1 to this Act shall have effect for supplementing the provisions of this section (in that Schedule called “the principal section").</p>
</content>
</subsection>
<subsection eId="section-2-10">
<num>(10)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433801" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
</section>
<section eId="section-3">
<num>3</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433821" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-4">
<num>4</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433831" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-5">
<num>5</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433841" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-6">
<num>6</num>
<heading/>
<subsection eId="section-6-1">
<num>
<del class="first" ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">
<noteRef uk:name="commentary" href="#key-411545075730b1ccc670565225a48df9" class="commentary"/>
(1)
</del>
</num>
<content>
<p>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </del>
<noteRef href="#c8433851" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-6-2">
<num>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">(2)</del>
</num>
<intro>
<p>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">Angostura bitters shall be deemed not to be spirits for the purposes of—</del>
</p>
</intro>
<level class="para1" eId="section-6-2-a">
<num>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">(a)</del>
</num>
<content>
<p>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </del>
<noteRef href="#c8433851" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</level>
<level class="para1" eId="section-6-2-b">
<num>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">(b)</del>
</num>
<content>
<p>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">
<ins class="first last" ukl:ChangeId="d29p155" ukl:CommentaryRef="c8433871">
<noteRef uk:name="commentary" href="#c8433871" class="commentary"/>
the Licensing (Scotland) Act 1976
</ins>
</del>
<noteRef href="#key-2ee77a25d277f1be044b7cd7e2d39ba6" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">... and any other enactment (whether passed before or after the commencement of this Act) in which “</del>
<term refersTo="#term-spirits" eId="term-spirits">
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">spirits</del>
</term>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">” has the same meaning as in </del>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">
<ins class="substitution first last" ukl:ChangeId="key-24d3a505cb849e13169854c8f787bdd2-1446671979052" ukl:CommentaryRef="key-24d3a505cb849e13169854c8f787bdd2">
<noteRef uk:name="commentary" href="#key-24d3a505cb849e13169854c8f787bdd2" class="commentary"/>
that Act
</ins>
</del>
<del ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">;</del>
</p>
</content>
</level>
<wrapUp>
<p>
<del class="last" ukl:ChangeId="key-411545075730b1ccc670565225a48df9-1446672225297" ukl:CommentaryRef="key-411545075730b1ccc670565225a48df9">and accordingly angostura bitters shall be treated as a non-intoxicating drink for the purposes of the enactments specified in paragraph (b) above.</del>
</p>
</wrapUp>
</subsection>
</section>
<section eId="section-7">
<num>7</num>
<heading/>
<subsection eId="section-7-1">
<num>(1)–(4)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433881" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-7-5">
<num>(5)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433891" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-7-6">
<num>(6)(7)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433881" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-7-8">
<num>(8)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433891" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
</section>
<section eId="section-8">
<num>8</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433921" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-9">
<num>9</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433931" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-10">
<num>10</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433941" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
</part>
<part eId="part-II">
<num>Part II</num>
<heading> Income Tax and Corporation Tax</heading>
<chapter eId="part-II-chapter-I">
<num>Chapter I</num>
<heading> General</heading>
<section eId="section-11">
<num>11–14</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433951" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
</chapter>
<section eId="section-15">
<num>15</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433961" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-16">
<num>16</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433971" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-17">
<num>17</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433981" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-18">
<num>18</num>
<heading> Miscellaneous amendments of income tax and corporation tax law.</heading>
<content>
<p>Schedule 4 to this Act (which contains amendments of the Taxes Act and of the Capital Allowances Act 1968) shall have effect.</p>
</content>
</section>
<chapter eId="part-II-chapter-II">
<num>Chapter II</num>
<section eId="section-19">
<num>19–26</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8433991" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
</chapter>
</part>
<part eId="part-III">
<num>PART III</num>
<heading> MISCELLANEOUS</heading>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="part-III-crossheading-capital-gains">
<heading> Capital gains</heading>
<section eId="section-27">
<num>
<noteRef href="#c8434011" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
27
</num>
<heading>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</heading>
<content>
<p/>
</content>
</section>
<section eId="section-28">
<num>
<noteRef href="#c8434031" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
28
</num>
<heading>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</heading>
<content>
<p/>
</content>
</section>
<section eId="section-29">
<num>29</num>
<heading/>
<subsection eId="section-29-1">
<num>(1)(2)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434111" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-29-3">
<num>
<noteRef href="#c8434121" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(3)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subsection>
<subsection eId="section-29-4">
<num>(4)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434111" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-29-5">
<num>
<noteRef href="#c8434121" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(5)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subsection>
<subsection eId="section-29-6">
<num>
<noteRef href="#c8434121" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(6)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subsection>
<subsection eId="section-29-7">
<num>
<noteRef href="#c8434121" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(7)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subsection>
<subsection eId="section-29-8">
<num>(8)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434111" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-29-9">
<num>
<noteRef href="#c8434121" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(9)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subsection>
</section>
<section eId="section-30">
<num>30</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434191" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-31">
<num>31</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434201" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="part-III-crossheading-stamp-duties">
<heading> Stamp duties</heading>
<section eId="section-32">
<num>
<noteRef href="#c8434221" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
32
</num>
<heading>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</heading>
<content>
<p/>
</content>
</section>
<section eId="section-33">
<num>
<noteRef href="#c22106361" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
33
</num>
<heading>Composition by stock exchanges in respect of transfer duty</heading>
<subsection eId="section-33-1">
<num>(1)</num>
<content>
<p>
The Commissioners may enter into an agreement with, or with persons acting on behalf of, any
<ins class="substitution first" ukl:ChangeId="d29p458" ukl:CommentaryRef="c22516231">
<noteRef uk:name="commentary" href="#c22516231" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p458" ukl:CommentaryRef="c22516231">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178160321" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p458" ukl:CommentaryRef="c22516231">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178160321" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p458" ukl:CommentaryRef="c22516231">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178160321" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
for the composition, in accordance with the provisions of this section, of the stamp duty chargeable under or by reference to
<ins class="substitution first last" ukl:ChangeId="d29p462" ukl:CommentaryRef="c22516211">
<noteRef uk:name="commentary" href="#c22516211" class="commentary"/>
Part I or paragraph 16 of Schedule 13 to the Finance Act 1999 (conveyance or transfer on sale or otherwise)
</ins>
<noteRef href="#c22114941" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
on such instruments as may be specified in the agreement,
<noteRef href="#c22114991" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
. . .
<noteRef href="#c22516381" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
. . . .
</p>
</content>
</subsection>
<subsection eId="section-33-2">
<num>(2)</num>
<intro>
<p>An agreement under this section shall provide—</p>
</intro>
<level class="para1" eId="section-33-2-a">
<num>(a)</num>
<content>
<p>for every instrument to which the agreement relates to bear on its face an indication of the amount of stamp duty chargeable thereon,</p>
</content>
</level>
<level class="para1" eId="section-33-2-b">
<num>(b)</num>
<content>
<p>
for the issue in respect of every such instrument, by or on behalf of the
<ins class="substitution first" ukl:ChangeId="d29p489" ukl:CommentaryRef="c22516251">
<noteRef uk:name="commentary" href="#c22516251" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p489" ukl:CommentaryRef="c22516251">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178216793" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p489" ukl:CommentaryRef="c22516251">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178216793" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p489" ukl:CommentaryRef="c22516251">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178216793" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
, of a certificate (which may relate to more than one such instrument) to the effect that stamp duty to the amount so indicated has been, or will be, accounted for to the Commissioners,
</p>
</content>
</level>
<level class="para1" eId="section-33-2-c">
<num>(c)</num>
<content>
<p>
for the delivery to the Commissioners, by or on behalf of the
<ins class="substitution first" ukl:ChangeId="d29p499" ukl:CommentaryRef="c22516271">
<noteRef uk:name="commentary" href="#c22516271" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p499" ukl:CommentaryRef="c22516271">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178255544" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p499" ukl:CommentaryRef="c22516271">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178255544" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p499" ukl:CommentaryRef="c22516271">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178255544" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
, of periodical accounts in respect of instruments to which the agreement relates, giving such particulars with respect thereto as may be specified in the agreement, and
</p>
</content>
</level>
<level class="para1" eId="section-33-2-d">
<num>(d)</num>
<content>
<p>
for the payment to the Commissioners, by or on behalf of the
<ins class="substitution first" ukl:ChangeId="d29p509" ukl:CommentaryRef="c22516281">
<noteRef uk:name="commentary" href="#c22516281" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p509" ukl:CommentaryRef="c22516281">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178287399" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p509" ukl:CommentaryRef="c22516281">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178287399" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p509" ukl:CommentaryRef="c22516281">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178287399" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
and on the delivery of any such account, of the aggregate amount of the stamp duty chargeable as mentioned in subsection(1) above on instruments to which the agreement relates during the period to which the account relates ;
</p>
</content>
</level>
<wrapUp>
<p>and any such agreement may contain such other terms and conditions as the Commissioners think proper.</p>
</wrapUp>
</subsection>
<subsection eId="section-33-3">
<num>(3)</num>
<content>
<p>
For the purposes of any agreement under this section, the form of brokers transfer provided for by section 1(2) of the Stock Transfer Act 1963
<noteRef href="#c22114961" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
may be used in connection with any transaction notwithstanding that the particulars referred to in that provision could be inserted in the stock transfer there referred to.
</p>
</content>
</subsection>
<subsection eId="section-33-4">
<num>(4)</num>
<content>
<p>
An instrument to which an agreement under this section relates and in respect of which a certificate to the effect mentioned in subsection (2)(b) above has been issued by or on behalf of the
<ins class="substitution first" ukl:ChangeId="d29p529" ukl:CommentaryRef="c22516291">
<noteRef uk:name="commentary" href="#c22516291" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p529" ukl:CommentaryRef="c22516291">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178346476" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p529" ukl:CommentaryRef="c22516291">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178346476" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p529" ukl:CommentaryRef="c22516291">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178346476" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
in question shall be treated for the purposes of the Stamp Act 1891
<noteRef href="#c22114971" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
as stamped with the amount of duty indicated on the face of the instrument.
</p>
</content>
</subsection>
<subsection eId="section-33-5">
<num>(5)</num>
<content>
<p>
A
<ins class="substitution first" ukl:ChangeId="d29p541" ukl:CommentaryRef="c22516301">
<noteRef uk:name="commentary" href="#c22516301" class="commentary"/>
recognised investment exchange
</ins>
<ins class="substitution" ukl:ChangeId="d29p541" ukl:CommentaryRef="c22516301">
<ins class="substitution first" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178399173" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">
<noteRef uk:name="commentary" href="#key-aa6493d962ef36926de52d29dff2fd86" class="commentary"/>
, recognised clearing house, recognised CSD,
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins class="substitution" ukl:ChangeId="d29p541" ukl:CommentaryRef="c22516301">
<ins class="substitution" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178399173" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86">EEA</ins>
</ins>
</abbr>
<ins class="substitution last" ukl:ChangeId="d29p541" ukl:CommentaryRef="c22516301">
<ins class="substitution last" ukl:ChangeId="key-aa6493d962ef36926de52d29dff2fd86-1518178399173" ukl:CommentaryRef="key-aa6493d962ef36926de52d29dff2fd86"> CSD or third country CSD</ins>
</ins>
or person making default in delivering any account required by an agreement under this section, or in paying any amount in accordance with such an agreement, shall be liable to a fine not exceeding £50 for any day during which the default continues; and, in addition, every amount payable under such an agreement shall bear interest at the rate of 5 per cent, per annum, recoverable by Her Majesty, from the due date for delivery of the account by reference to which it is payable until the actual date of payment.
</p>
</content>
</subsection>
<subsection eId="section-33-6">
<num>(6)</num>
<content>
<p>
Except in so far as the context otherwise requires, any reference to a stamp in section 9 or 10 of the Stamp Duties Management Act 1891
<noteRef href="#c22114981" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(allowances for spoiled stamps) shall include a reference to any indication of an amount of stamp duty on the face of any instrument to which an agreement under this section relates.
</p>
</content>
</subsection>
<subsection eId="section-33-7">
<num>
<ins class="first" ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311">
<noteRef uk:name="commentary" href="#c22516311" class="commentary"/>
(7)
</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311">In this section “recognised investment exchange </ins>
<ins ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311">
<ins class="substitution first" ukl:ChangeId="key-10dea500f6fb67ffe911d0c44d722ea7-1518178553348" ukl:CommentaryRef="key-10dea500f6fb67ffe911d0c44d722ea7">
<noteRef uk:name="commentary" href="#key-10dea500f6fb67ffe911d0c44d722ea7" class="commentary"/>
, “recognised clearing house”, “recognised CSD”, “
</ins>
</ins>
<abbr class="acronym" title="European Economic Area">
<ins ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311">
<ins class="substitution" ukl:ChangeId="key-10dea500f6fb67ffe911d0c44d722ea7-1518178553348" ukl:CommentaryRef="key-10dea500f6fb67ffe911d0c44d722ea7">EEA</ins>
</ins>
</abbr>
<ins ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311">
<ins class="substitution last" ukl:ChangeId="key-10dea500f6fb67ffe911d0c44d722ea7-1518178553348" ukl:CommentaryRef="key-10dea500f6fb67ffe911d0c44d722ea7"> CSD” and “third country CSD”</ins>
</ins>
<ins class="last" ukl:ChangeId="d29p553" ukl:CommentaryRef="c22516311"> have the meanings given by section 285(1) of the Financial Services and Markets Act 2000.</ins>
</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="part-III-crossheading-other-provisions">
<heading> Other provisions</heading>
<section eId="section-34">
<num>34</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434241" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-35">
<num>35</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434251" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-36">
<num>36</num>
<heading> Citation, interpretation, construction, extent and repeals.</heading>
<subsection eId="section-36-1">
<num>(1)</num>
<content>
<p>This Act may be cited as the Finance Act 1970.</p>
</content>
</subsection>
<subsection eId="section-36-2">
<num>(2)</num>
<intro>
<p>In this Act—</p>
</intro>
<level class="para1" eId="section-36-2-a">
<num>(a)</num>
<content>
<p>
except where the context otherwise requires, “
<term refersTo="#term-the-board" eId="term-the-board">the Board</term>
” means the Commissioners of Inland Revenue,
</p>
</content>
</level>
<level class="para1" eId="section-36-2-b">
<num>(b)</num>
<content>
<p>
<term refersTo="#term-the-taxes-act" eId="term-the-taxes-act">the Taxes Act</term>
” means the Income and Corporation Taxes Act 1970,
</p>
</content>
</level>
<level class="para1" eId="section-36-2-c">
<num>(c)</num>
<content>
<p>
<term refersTo="#term-the-management-act" eId="term-the-management-act">the Management Act</term>
” means the Taxes Management Act 1970.
</p>
</content>
</level>
</subsection>
<subsection eId="section-36-3">
<num>(3)</num>
<content>
<p>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c8434261" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
</p>
</content>
</subsection>
<subsection eId="section-36-4">
<num>(4)</num>
<content>
<p>Part II of this Act, so far as it relates to income tax, shall be construed as one with the Income Tax Acts and, so far as it relates to corporation tax, shall be construed as one with the Corporation Tax Act.</p>
</content>
</subsection>
<subsection eId="section-36-5">
<num>(5)</num>
<content>
<p>
Part III of this Act, so far as it relates to stamp duties, shall be construed as one with the
<noteRef href="#c8434271" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
Stamp Act 1891.
</p>
</content>
</subsection>
<subsection eId="section-36-6">
<num>(6)</num>
<content>
<p>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.</p>
</content>
</subsection>
<subsection eId="section-36-7">
<num>(7)</num>
<content>
<p>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.</p>
</content>
</subsection>
<subsection eId="section-36-8">
<num>(8)</num>
<content>
<p>The enactments mentioned in Schedule 8 to this Act (which include enactments which are spent or otherwise unnecessary) are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision in relation thereto made at the end of any Part of that Schedule.</p>
</content>
</subsection>
</section>
</hcontainer>
</part>
</body>
</act>
</akomaNtoso>