---
title: "Finance Act 1961"
id: 4d453767-87f7-4780-ba4f-e076cd831727
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: statute
in_force: true
publisher_url: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/36
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/4d453767-87f7-4780-ba4f-e076cd831727
language: en
in_force_from: 2008-07-21
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/ukpga/Eliz2/9-10/36/data.xml
read_on: 2026-11-08
sha256: 512ea5e55c51021423dd8d18a1bf7851c9fbfa5488b8fb195e69dc4fac24240f
provisions: 24
---

# Finance Act 1961

## Title and introductory text {#prelims}

Finance Act 1961
1961 c.36
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.
[19th July 1961]

## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-1}



## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-2}



## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-3}



## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-4}



## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-5}



## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-68}



## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-9}



## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-10}



## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-11}



## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-1229.}



## 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-30}



## 31 Increase of rate of profits tax. {#section-31}

As from the beginning of April, nineteen hundred and sixty-one, the rate at which the profits tax is to be charged by virtue of subsection (1) of section twenty-five of the Finance Act, 1958, shall be increased from twelve and a half per cent.to fifteen per cent.

## 32 Excess profits tax, excess profits levy and special contribution: terminal date for making assessments. {#section-32}

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

## 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-33}



## 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-34}



## 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-35}



## 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-36}



## 37 Short title, interpretation, construction, extent and repeal. {#section-37}

(1) This Act shall be cited as the Finance Act 1961.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Part I of this Act shall be construed as one with the Customs and Excise Management Act 1979. . .
(4) 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.
(5) 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.
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## FIRST SCHEDULE {#schedule-FIRST}

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## SECOND SCHEDULE {#schedule-SECOND}

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## THIRD, FOURTH SCHEDULE {#schedule-3}

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## FIFTH SCHEDULE {#schedule-FIFTH}

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## SIXTH SCHEDULE {#schedule-SIXTH}

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