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An Act to make certain amendments of the Law relating to Customs and Inland Revenue, and of the Law relating to the powers and duties of the National Debt Commissioners.
[14th August 1903]
Modifications etc. (not altering text)
C1The text of the whole Act was taken from S.I.F 99:3 (Public Finance and Economic Controls : National Debt)and for ss. 7, 17(2) from S.I.F 114(Stamp Duty).
Textual Amendments
F1S. 1 repealed by Finance Act 1924 (c. 21), Sch. 3
Textual Amendments
F2Ss. 2–4 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I
Textual Amendments
F3S. 5 repealed by Finance Act 1973 (c. 51), Sch. 22 Pt. V
Textual Amendments
F4S. 6 repealed by Finance Act 1905 (c. 4), Sch.
The whole amount of duty payable under or by reference to paragraph (2) of the heading “Mortgage Bond, Debenture, Covenant and Warrant of Attorney” in the First Schedule to the M1Stamp Act 1891, on any instrument being a collateral or auxiliary or additional or substituted security or by way of further assurance, shall not exceed [F550p].
Textual Amendments
F5Words substituted by virtue of Decimal Currency Act 1969 (c. 19), s. 10(1)
Marginal Citations
Textual Amendments
F6S. 8 repealed by Finance Act 1959 (c. 58), Sch. 8 Pt. II
Textual Amendments
F7S. 9 repealed by Statute Law Revision Act 1927 (c. 42)
Textual Amendments
F8S. 10 repealed by Income Tax Act 1918 (c. 40), Sch. 7
Textual Amendments
F9S. 11 repealed by Finance Act 1924 (c. 21), Sch. 3
Textual Amendments
F10S. 12 repealed by Statute Law Revision Act 1950 (c. 6)
Textual Amendments
F11S. 13 repealed by Income Tax Act 1918 (c. 40), Sch. 7
Textual Amendments
F12S. 14 repealed by Finance Act 1946 (c. 64), Sch. 12 Pt. III
Textual Amendments
F13S. 15 repealed by Government Annuities Act 1929 (c. 29), s. 36, Sch. 2 Pt. I
(1)The National Debt Commissioners, with the concurrence of the Treasury, may make regulations as to the mode in which any sum payable by those Commissioners in respect of any life or other terminable annuity, or the commutation of a pension, or the draft of trustees . . . F14 of a friendly society, . . . F15 may be paid, and the manner in which a valid discharge is to be given to those Commissioners for any such payment and for crediting instead of paying the interest due in respect of any sums so paid; and payments made and discharges given in accordance with those regulations shall be valid, notwithstanding anything in any other Act.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16
Textual Amendments
F14Words repealed by Trustee Savings Banks Act 1954 (c. 63), Sch. 3
F15Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II
F16Ss. 16(2), 17(1), Sch. repealed by Statute Law Revision Act 1927 (c. 42)
Modifications etc. (not altering text)
C2S. 16 repealed (a) so far as it relates to annuities under Government Annuities Act 1829 (c. 24) and to savings bank annuities, by Government Annuities Act 1929 (c. 29), s. 36, Sch. 2; (b) so far as it relates to drafts of a friendly society, by Industrial Assurance and Friendly Societies Act 1948 (c. 39), Sch. 6
(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17
(2)This Act . . . F18 may be cited as the Revenue Act 1903.
Textual Amendments
F17Ss. 16(2), 17(1), Sch. repealed by Statute Law Revision Act 1927 (c. 42)
F18Words repealed by Statute Law Revision Act 1927 (c. 42)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F19Ss. 16(2), 17(1), Sch. repealed by Statute Law Revision Act 1927 (c. 42)