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In force since 2007-04-06, as the publisher states.
Copy read on 2026-11-08. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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Finance Act 1971 1971 c. 68 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. [5th August 1971]
Propose a change(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) As from the said 1st September, in Schedule 1 to the Hydrocarbon Oil (Customs & Excise) Act 1971 (vehicles in which heavy oil may be used without repayment of rebate)— (a) the reference in paragraph 2(b) to the said Schedule 3 shall be construed as a reference to that Schedule as amended by subsection (1) above, and (b) the reference to an agricultural machine in paragraph 3(b) shall not include any vehicle which does not satisfy the conditions specified in paragraphs (a) and (b) of section 6(1) of the Finance Act (Northern Ireland) 1971 (which makes provision corresponding to that made by subsection (1) above).
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Propose a change(1) The enactments mentioned in Schedule 6 to this Act shall have effect subject to the amendments specified therein. (2) The enactments mentioned in Part II of Schedule 14 to this Act are hereby repealed to the extent specified in the third column of that Part.
Propose a change(1) The preceding provisions of this Chapter shall have effect for the year 1973-74 and subsequent years of assessment; and accordingly the amendments and repeals made by those provisions (including those mentioned in section 37 of this Act) shall not be taken to affect tax for an earlier year of assessment or the doing of anything in relation to tax for such a year. (2) The transitional provisions contained in Schedule 7 to this Act shall have effect.
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Propose a change(1) Confirmation is hereby given to the agreement between the Treasury and the Ministry of Finance for Northern Ireland set out in Schedule 13 to this Act (an agreement which, if confirmed by Acts of the Parliaments of the United Kingdom and Northern Ireland, supersedes as from 1st April 1971 an earlier agreement as amended). (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) The preceding provisions of this section shall not come into operation unless and until Her Majesty by Order in Council declares that a corresponding provision has been enacted by the Parliament of Northern Ireland. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a changeSection 16 of the National Loans Act 1968 (supplemental provisions as to the national debt) shall be amended as follows— (a) in subsection (7) (under which payments to the Banks of England and Ireland in respect of management of Government securities must relate to management in financial years ending on 31st March), for the words “in the year ending 31st March 1968 or any subseequent financial year” there shall be substiuted the words “in any period”, and (b) subsection (8) (which governs the calculation of the amount of such payments and the time of payment) shall be omitted.
Propose a change(1) This Act may be cited as the Finance Act 1971. (2) In this Act “the Taxes Act” means the Income and Corporation Taxes Act 1988. (3) In this Act— sections 3, 8, 9, 10 and 12 shall be construed as one with the Customs and Excise Act 1952; Parts II and III, so far as they relate to income tax, shall be construed as one with the Income Tax Acts and, so far as they relate 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) Except as otherwise expressly provided, 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 do not extend to Northern Ireland. (6) If the Parliament of Northern Ireland passes provisions amending or replacing any enactment of that Parliament referred to in this Act the reference shall be construed as a reference to the enactment as so amended or, as the case may be, as a reference to those provisions. (7) The enactments mentioned in Schedule 14 to this Act (Part VI of which includes certain obsolete enactments) are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision at the end of any Part of that Schedule.
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Propose a changeSection 37. PART I 1.to 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART II AMENDMENT OF TAXES MANAGEMENT ACT 1970 81 The Taxes Management Act 1970 shall be amended in accordance with the following provisions of this Part of this Schedule. 82 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 In section 22 the words “for the purpose of charging surtax” shall be omitted. 84 In section 29— (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) in subsection (4) the words “at the standard rate” shall be omitted; and (c) in subsection (7) the words “at the standard rate” shall be omitted. 85 In section 31(3)— (a) in paragraph (a) the words “assessment to surtax, or any other” shall be omitted; (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and (c) after the paragraphs there shall be added the words “or if the appeal involves any question as to the application of section 30, Part XV or Part XVI of that Act.”. 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 In section 91(3)— (a) paragraphs (a) and (b)(i) shall be omitted; and (b) after paragraph (b) there shall be added the following:— or (c) affecting tax charged at a rate other than the basic rate on income from which tax has been deducted (otherwise than under section 204 of the principal Act) or is treated as having been deducted, unless it is a relief from tax so charged. 89 In section 93(4) for the words from the beginning to “this Act it” there shall be substituted the words “ In relation to a return required for the purposes of section 9 of this Act the reference in subsection (2) above to tax ” 90 In section 95(3) for the words “include surtax” to “do not” there shall be substituted the words “ do not, in relation to anything done in connection with a partnership ”. PART III 91.to 93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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