(1) In this Chapter—
“the Commissioners” means the Commissioners of Customs and Excise,
“document” includes a document of any kind whatsoever and, in particular, a record kept by means of a computer,
“promotion”, in relation to a lottery, includes the conduct of the lottery (and “promoted” is to be read accordingly), and
“regulations” means regulations made by the Commissioners.
(2) This Chapter applies in relation to lotteries promoted on behalf of the Crown in pursuance of any enactment as it applies in relation to lotteries not so promoted.
(3) The imposition by this Chapter of lottery duty does not make lawful anything that is unlawful apart from this Chapter.
This Chapter shall come into force on such day as the Commissioners may by order appoint, and different days may be appointed for different provisions or for different purposes.
For the year 1993-94 the qualifying maximum defined in section 367(5) of the Taxes Act 1988 (limit on relief for interest on certain loans) shall be £30,000.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In section 365 of that Act (relief on interest on loans to buy a life annuity), after subsection (1) there shall be inserted the following subsections—
(1A) Where, in the case of any loan—
(a) the condition specified in subsection (1)(d) above would not (apart from this subsection) be fulfilled with respect to any land by reason of its having ceased at any time to be used by a particular person as his only or main residence; and
(b) the intention at that time of the person to whom the loan was made, or of each of the annuitants owning an estate or interest in that land, was to take steps, before the end of the period of 12 months after the day on which it ceased to be so used, with a view to the disposal of his estate or interest,
that condition shall be treated in relation to interest on that loan as continuing to be fulfilled with respect to the land from that time until the end of that period or (if sooner) the abandonment by that person or any of those annuitants of his intention to dispose of his estate or interest.
(1B) If it appears to the Board reasonable to do so, having regard to all the circumstances of a particular case, they may direct that in relation to that case subsection (1A) above shall have effect as if for the reference to 12 months there were substituted a reference to such longer period as meets the circumstances of that case.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) This section shall have effect in relation to payments of interest made on or after 16th March 1993 (whenever falling due).
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58 Overclaims in respect of deductions of mortgage interest.
(1) After subsection (6) of section 369 of the Taxes Act 1988 (recovery of amount treated as paid by recipient of interest paid subject to a deduction under that section) there shall be inserted the following subsection—
(7) The following provisions of the Management Act, namely—
(a) section 29(3)(c) (excessive relief),
(b) section 30 (tax repaid in error etc.),
(c) section 88 (interest), and
(d) section 95 (incorrect return or accounts),
shall apply in relation to an amount which is paid to any person by the Board as an amount recoverable in accordance with regulations made by virtue of subsection (6) above but to which that person is not entitled as if it were income tax which ought not to have been repaid and, where that amount was claimed by that person, as if it had been repaid as a relief which was not due.
(2) This section shall not apply in relation to any payment if the payment, or the claim on which it is made, was made before the day on which this Act is passed.
(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
1,400 or less | £2,310 | £1,580
More than 1,400 but not more than 2,000 | £2,990 | £2,030
More than 2,000 | £4,800 | £3,220
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 | £2,310 | £1,580
£6,000 or more but less than £8,500 | £2,990 | £2,030
£8,500 or more but not more than £19,250 | £4,800 | £3,220
Table C Cars with an original market value of more than £19,250
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 | £6,210 | £4,180
More than £29,000 | £10,040 | £6,660
(2) This section shall have effect for the year 1993-94.
(1) In section 158 of the Taxes Act 1988 (car fuel) for the Tables in subsection (2) (tables of cash equivalents) there shall be substituted—
TABLE A
Cylinder capacity of car in cubic centimetres | Cash equivalent
1,400 or less | £600
More than 1,400 but not more than 2,000 | £760
More than 2,000 | £1,130
TABLE AB
Cylinder capacity of car in cubic centimetres | Cash equivalent
2,000 or less | £550
More than 2,000 | £710
TABLE B
Original market value of car | Cash equivalent
Less than £6,000 | £600
£6,000 or more but less than £8,500 | £760
£8,500 or more | £1,130
(2) In subsection (5) of that section (reductions in cash equivalents) the words “or 3” shall be omitted.
(3) This section shall have effect for the year 1993-94.