Finance Act 1961

1. Introductory Text

2. PART I Customs and Excise

   1. 1. Television advertisement duty

   2. 2. Rebate on heavy oils

   3. 3. Relief from duty on heavy oils used by horticultural producers

   4. 4. Amendment of definition of pool betting

   5. 5. Pool betting duty: provisions as to Isle of Man

   6. 6. Increase of rates of vehicles excise duty

   7. 7. Time limit for recovering under-payments and over-payments of vehicles excise duty

   8. 8. Agricultural tractors: amendment as to carriage of produce, etc., at agricultural rate of duty

   9. 9. Surcharges or rebates of amounts due for revenue duties

   10. 10. Temporary continuation of Commonwealth preference for goods from Southern Cameroons

   11. 11. Police prosecutions for offences relating to transferred duties

3. PART II Income Tax

   1. 12. Charge of income tax for 1961-62

   2. 13. Surtax rates for 1960-61

   3. 14. Surtax: reliefs for earned income

   4. 15. Dependent relatives

   5. 16. Income tax relief for National Insurance contributions

   6. 17. Double taxation relief agreements: exemptions from foreign taxation to promote development

   7. 18. Double taxation relief: provisions as to commencement of trade or source of income

   8. 19. Relief allowable in respect of foreign local taxes

   9. 20. Extension of s. 448 of Act of 1952

   10. 21. Exemption from tax of certain income of pension, etc., funds for overseas employees

   11. 22. Exemption from tax of compensation for National-Socialist persecution

   12. 23. Capital allowances for cars costing over two thousand pounds

   13. 24. Limit on renewals allowance for cars

   14. 25. Limit on deductions, etc., for hiring cars

   15. 26. Cars: provisions as to hire-purchase, etc.

   16. 27. Supplementary provisions relating to four foregoing sections

   17. 28. Provisions as to assessment under Schedule E

   18. 29. Returns by industrial and provident societies of recipients of loan and share interest

4. PART III General and Supplementary

   1. 30. Surcharges on employers

   2. 31. Increase of rate of profits tax

   3. 32. Excess profits tax, excess profits levy and special contribution: terminal date for making assessments

   4. 33. Stamp duty on bills of exchange and promissory notes

   5. 34. Stamp duty on transfers of stock in the course of transactions involving the borrowing of stock by dealers

   6. 35. National savings stamps and gift tokens

   7. 36. Redemption of Ottoman Guaranteed Loan of 1855

   8. 37. Short title, interpretation, construction, extent and repeal

5. SCHEDULES

   1. FIRST SCHEDULE

      Supplementary Provisions as to Television Advertisement Duty

      1. 1. For the purposes of this Schedule— " advertisement " means...

      2. 2. (1) The duty payable by a broadcaster in respect of...

      3. 3. (1) A broadcaster shall— (a) notify the Oommissiioners of the...

      4. 4. (1) A person who fails to comply with a requirement...

   2. SECOND SCHEDULE

      New Rates of Vehicles Excise Duty

      1. PART I Rates of Duty on Vehicles not Exceeding 8 cwt. in Weight Unladen Chargeable under Section 2 of Act of 1949

      2. PART II Rates of Duty on Hackney Carriages Chargeable under Section 3 of Act of 1949

      3. PART III Rates of Duty on Tractors, Etc., Chargeable under Section 4 of Act of 1949

      4. PART IV Rates of Duty on Goods Vehicles Chargeable under Section 5 of Act of 1949

      5. PART V Rates of Duty on Vehicles Chargeable under Section 6 of Act of 1949

   3. THIRD SCHEDULE

      Supplementary Provisions as to Orders under ss. 9 and 30

      1. 1. Any order under section nine or section thirty of this...

      2. 2. (1) The powers conferred by the said sections nine and...

      3. 3. An order under section nine of this Act may foe...

   4. FOURTH SCHEDULE

      Provisions as to Special Cases falling within s. 9

      1. 1. For the purposes of section nine of this Act (hereinafter...

      2. 2. The adjustment specified in subsection (2) of the principal section...

      3. 3. Subject to the provisions of subsection (1) of section thirteen...

      4. 4. Subsection (5) of the principal section shall apply to any...

      5. 5. (1) At the end of paragraph (a) of subsection (1)...

      6. 6. In subsection (2) of section two hundred of the Act...

      7. 7. The principal section shall apply to repayments of duty under...

   5. FIFTH SCHEDULE

      Supplementary Provisions as to Surcharges on Employers

      1. 1. Subject to the following provisions of this Schedule, the relevant...

      2. 2. Nothing in this Schedule shall be construed—

      3. 3. The relevant statutory provisions relating to national insurance, so far...

      4. 4. References in any enactment, other than one contained in the...

      5. 5. In this Schedule references to the relevant statutory provisions relating...

   6. SIXTH SCHEDULE

      Repeals

      1. PART I Income Tax Repeals

      2. PART II Stamp Duty Repeals

      3. PART III Repeal relating to Ottoman Loan