Finance Act 1990
1990 c. 29
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.
[26th July 1990]
Most Gracious Sovereign,WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
(1) In section 5 of the Alcoholic Liquor Duties Act 1979 (spirits) for “£15.77” there shall be substituted “ £17.35 ”.
(2) In section 36 of that Act (beer) for “£0.90” there shall be substituted “ £0.97 ”.
(3) For the Table of rates of duty in Schedule 1 to that Act (wine and made-wine) there shall be substituted the Table in Schedule 1 to this Act.
(4) In section 62(1) of that Act (cider) for “£17.33” there shall be substituted “ £18.66 ”.
(5) This section shall be deemed to have come into force at 6 o’clock in the evening of 20th March 1990.
(1) For the Table in Schedule 1 to the Tobacco Products Duty Act 1979 there shall be substituted—
TABLE
1. Cigarettes | An amount equal to 21 per cent. of the retail price plus £34.91 per thousand cigarettes.
2. Cigars | £53.67 per kilogram.
3. Hand-rolling tobacco | £56.63 per kilogram.
4. Other smoking tobacco and chewing tobacco | £24.95 per kilogram.
(2) This section shall be deemed to have come into force on 23rd March 1990.
(1) In section 6 of the Hydrocarbon Oil Duties Act 1979—
(a) in subsection (1), for “£0.2044” (duty on light oil) and “£0.1729” (duty on heavy oil) there shall be substituted “ £0.2248 ” and “ £0.1902 ” respectively; and
(b) subsection (2A) (special rate of duty on petrol below 4 star) shall cease to have effect.
(2) In section 11(1) of that Act, for “£0.0077” (rebate on fuel oil) and “£0.0110” (rebate on gas oil) there shall be substituted “ £0.0083 ” and “ £0.0118 ” respectively.
(3) In section 13A(1) of that Act (rebate on unleaded petrol), for “£0.0272” there shall be substituted “ £0.0299 ”.
(4) In section 14(1) of that Act (rebate on light oil for use as furnace fuel), for “£0.0077” there shall be substituted “ £0.0083 ”.
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) Subsections (1) to (4) above shall be deemed to have come into force at 6 o’clock in the evening of 20th March 1990.
(1) In section 7(1) of the Betting and Gaming Duties Act 1981 (which specifies 42½ per cent. as the rate of pool betting duty), for the words “42½ per cent.” there shall be substituted the words “ 40 per cent. ”.
(2) This section shall apply in relation to bets made at any time by reference to an event taking place on or after 6th April 1990.
Schedule 3 to this Act (which amends the provisions of the Customs and Excise Management Act 1979 about initial and supplementary entries and postponed entry) shall have effect in relation to goods imported on or after the day on which this Act is passed.
In section 12 of the Alcoholic Liquor Duties Act 1979 (licence to manufacture spirits) subsections (6) to (9) (requirement that distiller provide lodgings for officers in charge of distillery) shall cease to have effect.
(1) In Schedule 6 to the Taxes Act 1988 (taxation of directors and others in respect of cars) for Part I (tables of flat rate cash equivalents) there shall be substituted—
Part I Tables of Flat Rate Cash Equivalents
Table A Cars with an original market value up to £19,250 and having a cylinder capacity
Cylinder capacity of car in cubic centimetres | Age of car at end of relevant year of assessment
Under 4 years | 4 years or more
1400 or less | £1,700 | £1,150
More than 1400 but not more than 2000 | £2,200 | £1,500
More than 2000 | £3,550 | £2,350
Table B Cars with an original market value up to £19,250 and not having a cylinder capacity
Original market value of car | Age of car at end of relevant year of assessment
Under 4 years | 4 years or more
Less than £6,000 | £1,700 | £1,150
£6,000 or more but less than £8,500 | £2,200 | £1,500
£8,500 or more but not more than £19,250 | £3,550 | £2,350
Table C Cars with an original market value of more than £19,250
(2) This section shall have effect for the year 1990-91 and subsequent years of assessment.
Original market value of car | Age of car at end of relevant year of assessment
Under 4 years | 4 years or more
More than £19,250 but not more than £29,000 | £4,600 | £3,100
More than £29,000 | £7,400 | £4,900