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In force since 2025-03-20, as the publisher states.
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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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15 provisions
Title and introductory text
Finance (No. 2) Act 1931
1931 c.49
An Act to increase the Customs and Excise duties on beer and tobacco, the Customs duty on hydrocarbon oils, and the entertainments duty; to increase the standard rate of income tax for the year 1931-32, and the higher rates of income tax for the year 1930-31; to amend the Income Tax Acts in so far as they relate to certain reliefs and the tax payable by persons carrying on a trade consisting wholly or partly in dealing in securities; to amend section thirty-six of the Finance Act, 1931, and the law relating to the National Debt; and to make provision for certain matters connected with the matters aforesaid.
[5th October 1931]
Propose a change1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Propose a change21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change22 Provisions in cases where Treasury has power to borrow money.
(1) Any securities issued by the Treasury under any Act may be issued with the condition that—
(a) so long as the securities are in the beneficial ownership of persons who are not ... resident in the United Kingdom, the interest thereon shall be exempt from income tax: and
(b) so long as the securities are in the beneficial ownership of persons who are not ... resident in the United Kingdom, neither the capital thereof nor the interest thereon shall be liable to any taxation present or future.
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Propose a change25 †Construction; short title and repeal.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) This Act, so far as it relates to income tax, shall be construed as one with the Income Tax Acts.
(3) Any reference in this Act to any enactment shall be construed as a reference to that enactment as amended by any subsequent enactment including (save where the context otherwise requires) this Act.
(4) This Act may be cited as the Finance (No. 2) Act, 1931.
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a changeSCHEDULE 1
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Propose a changeSCHEDULE 2
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Propose a changeSCHEDULES 3, 4
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Propose a changeSCHEDULE 5
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Propose a change