Finance Act 1975

PART IV U.K. MISCELLANEOUS AND GENERAL

53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 U.K.

Textual Amendments

F1 S. 53 repealed with savings by Capital Gains Tax Act 1979 (c. 14, SIF 63:2), s. 158, Sch. 8

54 Appeals on questions of value of unquoted shares or securities. U.K.

(1) In section 47(3) of the Taxes Management Act 1970 for the words from “by the General Commissioners” to “section 44(4) of this Act” there shall be substituted the words “ by the Special Commissioners. ”

(2) Where at the time this Act is passed any such appeal as is mentioned in section 47(3) of the Taxes Management Act 1970 is pending before any General Commissioners, the Special Commissioners may, if they think fit, on an application made by the parties, arrange with the General Commissioners for the transfer of the proceedings to the Special Commissioners, and the proceedings may be so transferred accordingly.

Modifications etc. (not altering text)

C1 The text of ss. 50, 52(3), 54(1), 57(1)(a)(b), (2)(in part), 58, Sch. 4 para. 38(2), Sch. 8 Pt. II (ss. 12–16), Sch. 11, Sch. 13 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 U.K.

Textual Amendments

F2 S. 55 repealed by Finance Act 1984 (c. 43, SIF 99:3), s. 128(6), Sch. 23 Pt. XIV

56 Signature of certain requisitions and requests of the Treasury. U.K.

Without prejudice to the M1 Treasury Instruments (Signature) Act 1849, any requisition or request for a credit under section 13 or 15 of the M2 Exchequer and Audit Departments Act 1866 or section 1(3) of the M3 National Loans Act 1968 may be signed by any two of the following persons, namely the Secretaries of the Treasury and such officers as the Treasury may from time to time appoint to that duty.

Marginal Citations

M1 1849 c. 89.

M2 1866 c. 39.

M3 1968 c. 13.

57 Appointment of General Commissioners in Scotland, and amendment of declaration to be made by certain officers. U.K.

(1) As from 16th May 1975 subsection (3) of section 2 of the Taxes Management Act 1970 (appointment of General Commissioners for divisions in Scotland) shall be amended as follows, that is to say—

(a) for the words “the appropriate local authority” there shall be substituted the words “ the Secretary of State ”; and

(b) the words from “but” to the end of the subsection shall be omitted;

and any appointment made under that subsection before that date shall have effect on and after it as if made under that subsection as so amended.

(2) In the form of declaration set out in Part I of Schedule 1 to the Taxes Management Act 1970 (declarations by General and Special Commissioners and others),for the words from “my duties” to “gains” (where that word first occurs) there shall be substitued the words “ the duties of my office ”, for the words “my duties” where occurring elsewhere in that form there shall be substituted the words “ those duties ”, and for the words “income tax or any tax on company profits or capital gains” there shall be substituted the words “ inland revenue ”.

(3) Nothing in subsection (2) above shall invalidate any declaration made before the passing of this Act.

Modifications etc. (not altering text)

C2 The text of ss. 50, 52(3), 54(1), 57(1)(a)(b), (2)(in part), 58, Sch. 4 para. 38(2), Sch. 8 Pt. II (ss. 12–16), Sch. 11, Sch. 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.

58 Amendments of Vehicles (Excise) Act (Northern Ireland) 1972. U.K.

(1) In section 7 of the M4 Vehicles (Excise) Act (Northern Ireland) of 1972 (that is to say 1972 c. 10 of Northern Ireland) as amended by Article 15 of the M5 Finance (Northern Ireland) Order 1972, subsection (2A) (vehicles adapted for use by disabled persons exempt from duty under that Act) shall be amended as follows—

(a) for the words “specifically and extensively adapted” there shall be substituted the word “ suitable ”, and

(b) paragraph (a) shall be omitted

This subsection shall be deemed to have come into force on 31st July 1974 (when corresponding amendments took effect in Great Britain).

(2) Section 38(1) of that Act shall have effect, and be deemed always to have had effect, with the substitution for “ 1971” (enacted in error for “ 1972”) of “1972”.

Modifications etc. (not altering text)

C3 The text of ss. 50, 52(3), 54(1), 57(1)(a)(b), (2)(in part), 58, Sch. 4 para. 38(2), Sch. 8 Pt. II (ss. 12–16), Sch. 11, Sch. 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

M4 1972 c. 10 (N.I.).

M5 S.I. 1972 No. 1100.

59 Citation, interpretation, construction and repeals. U.K.

(1) This Act may be cited as the Finance Act 1975.

(2) In this Act “the Taxes Act” means the Income and Corporation Tax Act 1970.

(3) In this Act—

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(b) Part II, 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 Acts.

(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 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

F3 S. 59(3)(a) repealed by Value Added Tax Act 1983 (c. 55, SIF 40:2), s. 50(2), sch. 11