Finance Act 1898
| Jurisdiction | UK Non-devolved |
| Citation | 1898 c. 10 |
| Year | 1898 |
Finance Act, 1898
(61 & 62 Vict.) CHAPTER 10.
An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue, and to make other provision for the financial arrangements of the year.
[1st July 1898]
Most Gracious Sovereign,
We , Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom of Great Britain and Ireland 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 herein-after 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:
PART I.
Customs and Excise.
1 Duties and drawback on tobacco.
(1)1.—(1.) In lieu of the duties of Customs now payable on tobacco, there shall, on and after the sixteenth day of May, one thousand eight hundred and ninety-eight, be charged, levied, and paid upon tobacco imported into Great Britain or Ireland, the duties following (that is to say):—
Tobacco, manufactured, viz.:—
| s. | d. | |||
Cigars |
the lb. | 0 | 5 | 0 |
Cavendish or Negrohead |
the lb. | 0 | 3 | 10 |
Cavendish or Negrohead, manufactured in bond |
the lb. | 0 | 3 | 5 |
Other manufactured tobacco |
the lb. | 0 | 3 | 5 |
Snuff containing more than 13 lbs. of moisture in every 100 lbs. weight thereof |
the lb. | 0 | 3 | 2 |
Snuff not containing more than 13 lbs. of moisture in every 100 lbs. weight thereof |
the lb. | 0 | 3 | 10 |
Tobacco, unmanufactured, viz.:—
Containing 10 lbs. or more of moisture in every 100 lbs. weight thereof |
the lb. | 0 | 2 | 8 |
Containing less than 10 lbs. of moisture in every 100 lbs. weight thereof |
the lb. | 0 | 3 | 0 |
(2) (2.) The drawback allowed under section one of the Manufactured Tobacco Act, 1863 , as extended by any subsequent Act, on tobacco exported from Great Britain or Ireland, or deposited in a bonded or Queen's warehouse, shall, on and after the sixteenth day of May, one thousand eight hundred and ninety-eight, be allowed at the rate of two shillings and ninepence upon every pound weight instead of three shillings and ninepence as provided in the said section.
2 Amendment of 50 & 51 Vict. c. 15. s. 4.
2. In section four of the Customs and Inland Revenue Act, 1887 (which restricts the amount of moisture in tobacco), ‘thirty per centum’ shall be substituted for ‘thirty-five per centum.’
3 Ditty on tea.
3. The duty of Customs now payable on tea shall continue to be charged, levied, and paid on and after the first day of August, one thousand eight hundred and ninety-eight, until the first day of August, one thousand eight hundred and ninety-nine, on the importation thereof into Great Britain or Ireland (that is to say):—
| Tea, the pound | Fourpence. |
4 Prohibition against grogging casks which have contained spirits.
(1)4.—(1.) A person shall not—
(a ) subject any cask to any process for the purpose of extracting any spirits absorbed in the wood thereof; or
(b ) have on his premises any cask which is being subjected to any such process, or any spirits extracted from the wood of any cask.
(2) (2.) If any person contravenes this section, he shall for each offence incur a fine of fifty pounds.
(3) (3.) All spirits extracted in contravention of this section shall be deemed to be spirits unlawfully kept or deposited within the meaning of the Spirits Act, 1880 , and every cask which is being subjected to any such process, or which being upon premises upon which spirits so extracted are found has been subjected to any such process, shall be forfeited.
PART II.
Stamps.
5 Extension of 54 & 55 Vict. c. 39. s. 114, to British protectorate.
5. The provisions contained in section one hundred and fourteen of the Stamp Act, 1891, in reference to the composition for stamp duty chargeable on transfers of certain colonial stocks, shall extend to the stock of any British protectorate or protected state to which protectorate or state a Secretary of State applies the Colonial Stock Acts, 1877 and 1892, and he is hereby authorised so to apply the said Acts with the necessary modifications.
6 Removal of doubt as to 54 & 55 Vict. c. 39. ss. 54, 57, so far as regards foreclosure decrees.
6. For the removal of doubts with reference to the effect of sections fifty-four and fifty-seven of the Stamp Act, 1891, it is hereby declared that the definition of ‘conveyance on sale’ in the said section fifty-four includes a decree or order for, or having the effect of an order for, foreclosure.
Provided that—
PART III.
Income Tax.
7 Rate of income tax for 1898-9.
(1)7.—(1.) Income tax for the year beginning on the sixth day of April, one thousand eight hundred and ninety-eight, shall be charged at the rate of eightpence.
(2) (2.) All such enactments relating to income tax as were in force on the fifth day of April, one thousand eight hundred and ninety-eight, shall have full force and effect with respect to the duties of income tax hereby granted.
8 Relief from income tax where income does not exceed 700l
8. Any individual who having been assessed or charged to income tax or having paid income tax either by deduction or otherwise claims and proves in manner prescribed by the Income Tax Acts that his total income from all sources, although exceeding one hundred and sixty pounds, does not exceed seven hundred pounds, shall be entitled to relief from income tax equal—
and such relief shall be...
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