Finance Act 1971

SCHEDULE 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 9 RESTORATION OF DEVELOPMENT VALUE

Section 55. 1.to 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 13 Health Service Agreement between Treasury and Ministry of Finance for Northern Ireland

Section 67. The Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland, with a view to assimilating the burdens on the Consolidated Fund of the United Kingdom and the Exchequer of Northern Ireland in respect of health services, have entered into the following Agreement, which supersedes as from 1st April 1971 the Agreement of 11th February 1949 set out in the Schedule to the Social Services (Northern Ireland Agreement) Act 1949, as amended by the Agreement of 28th February 1968 set out in Schedule 19 to the Finance Act 1968. 1 (1) There shall be ascertained in respect of each financial year during which this Agreement is in operation the total net cost in Great Britain and in Northern Ireland under the National Health Service Act 2006, the National Health Service (Wales) Act 2006 and the National Health Service (Scotland) Act 1978 as they may be amended from time to time, and the corresponding enactments in Northern Ireland. (2) The net cost under paragraph (1) above shall be the actual cost as certified annually by the Commissioners of Her Majesty’s Treasury as respects the services in Great Britain and by the Ministry of Finance for Northern Ireland as respects the services in Northern Ireland. (3) The net cost under paragraph (1) above of services in Northern Ireland shall, in relation to the net cost of the corresponding services in Great Britain, be determined subject to such adjustments, if any, as may be necessary to take account, from time to time, of any differences between methods of administration in Great Britain and in Northern Ireland. 2 (1) If in respect of any financial year the total net cost in Northern Ireland under article 1 of this Agreement is less than 2 per cent. of the total net cost in Great Britain and Northern Ireland, there shall be paid from the Exchequer of Northern Ireland to the Consolidated Fund of the United Kingdom a contribution equal to 90 per cent. of the amount by which the said net cost in Northern Ireland is less than the said 2 per cent. (2) If in respect of any financial year the total net cost in Northern Ireland under article 1 of this Agreement exceeds 2 per cent. of the total net cost in Great Britain and Northern Ireland, there shall be paid to the Exchequer of Northern Ireland out of the Consolidated Fund of the United Kingdom a contribution equal to 90 per cent. of the amount by which the said net cost in Northern Ireland exceeds the said 2 per cent. 3 It is hereby agreed that, subject to such differences as may from time to time exist between the methods of administration in Great Britain and in Northern Ireland of the services covered by this Agreement, the Government of Northern Ireland undertakes to keep the scale and standard of comprehensive health services in Northern Ireland in general conformity with the scale and standard of such services in Great Britain, and to ensure that the rates of remuneration of persons employed in such services in Northern Ireland correspond as nearly as may be with the rates for such services obtaining in Great Britain. 4 Payments on account of such contributions as may ultimately be found to be due under article 2 of this Agreement from the Exchequer of Northern Ireland or from the Consolidated Fund of the United Kingdom shall be made of such amounts and at such times as may be agreed between the Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland. 5 Any question arising under this Agreement, whether as to the amount of any adjustments necessary in the determination of net costs in Great Britain and Northern Ireland for the purposes of article 1 of this Agreement, or of any contribution payable under article 2, or otherwise, shall, in default of agreement between the Commissioners of Her Majesty’s Treasury and the Ministry of Finance for Northern Ireland, be determined by the Joint Exchequer Board, whose decision shall be final. 6 This Agreement shall not come into operation until confirmed by Acts of the Parliaments of the United Kingdom and Northern Ireland respectively, but upon being so confirmed shall have effect as from 1st April 1971. In Witness whereof Walter Clegg and Hector Monro two of the Commissioners of Her Majesty’s Treasury have hereunto set their hands and seals and the Official Seal of the Ministry of Finance for Northern Ireland has been hereunto affixed this 14th day of April 1971. Signed Sealed and Delivered by Walter Clegg one of the Commissioners of Her Majesty’s Treasury in the presence of:— | Walter Clegg (L.S.) Albert George Nicholson Civil Servant, House of Commons, London S.W.1. Signed Sealed and Delivered by Hector Monro one of the Commissioners of Her Majesty’s Treasury in the presence of:— | Hector Monro (L.S) Albert George Nicholson Civil Servant, House of Commons, London S.W.1 The Official Seal of the Ministry of Finance for Northern Ireland was hereunto affixed in the presence of:— | H. V. Kirk (L.S.) D. C. B. Holden Civil Servant, Ministry of Finance, Stormont, Belfast.

SCHEDULE 14 ENACTMENTS REPEALED

Section 69. PART I OCCUPATIONAL PENSIONS SCHEMES Section 21. Chapter | Short Title | Extent of Repeal 1970 c.9 | The Taxes Management Act 1970. | In the Table in section 98(3) the entry (in each column) relating to section 224 of the Taxes Act, but not as regards any penalty incurred before this repeal takes effect. 1970 c.10 | The Income and Corporation Taxes Act 1970. | [See 1987edition for these repeals.] 1970 c.24 | The Finance Act 1970. [The repeals of theTaxes Management Act 1970took effect on 6th April 1980. PART II NEW METHOD OF CHARGING TAX Section 37. Chapter | Short Title | Extent of Repeal 1970 c.9 | The Taxes Management Act 1970. | In section 7(2), the words from “or in the case” to the end. In section 8, subsections (5) and (6) and in subsection (8), the words from “which are required” to “standard rate” and the words “for either or both of those purposes.” In section 12(1), the words “at the standard rate”. In section 22, the words “for the purpose of charging surtax”. In section 29, in subsections (4) and (7), the words “at the standard rate.” In section 31(3)(a), the words “assessment to surtax, or any other”. In section 33(2), the words from “including” to “surtax”. . . . In section 77(1), the words “chargeable at the standard rate”. In section 91(3), paragraph (a) and in paragraph (b), sub-paragraph (i). 1970 c.10 | The Income and Corporation Taxes Act 1970. | [See 1987edition for these repeals.] 1970 c.24 | The Finance Act 1970 1970 c.54 | The Income and Corporation Taxes (No.2) Act 1970. These repeals have effect subject to section 38 of this Act. PART III BETTERMENT LEVY Section 55. Chapter | Short Title | Extent of Repeal 1970 c.9 | The Taxes Management Act 1970. | Section 57(2). 1970 c.10 | The Income and Corporation Taxes Act 1970. Section 269(2). 1970 c.24 | The Finance Act 1970. | In section 29, in subsection (2)(b) the words from “including” to “Act”, and in subsection (3) paragraphs (b) and (c). In Schedule 6, Part I; and in paragraph 4(1) the words from “but without prejudice” to the end. These repeals have effect subject to section 55(2) of this Act. PART IV CASE VII Section 56. Chapter | Short Title | Extent of Repeal 1970 c.9 | The Taxes Management Act 1970. | Section 9(5). In section 98, in Table I, the words “section 167(4)”. 1970 c.10 | The Income and Corporation Taxes Act 1970. In section 270, subsections (1) and (2). In section 271, subsections (1) to (3). 1970 c.24 | The Finance Act 1970. These repeals have effect subject to section 56(4) of this Act. PART VII [See 1987edition for these provisions.]