Finance Act 1906
| Jurisdiction | UK Non-devolved |
| Citation | 1906 c. 8 |
Finance Act, 1906
(6 Edw. 7.) CHAPTER 8.
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 the National Debt, and to make other provisions for the financial arrangements of the year.
[22nd June 1906]
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 hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the King'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 Duty on tea.
1. In lieu of the duty of customs payable on tea imported into Great Britain or Ireland, there shall, as from the fourteenth day of May nineteen hundred and six, until the fourteenth day of May nineteen hundred and seven, be charged, levied, and paid the following duty (that is to say):—
| Tea, the pound | fivepence. |
2 Amendments with respect to duty on stripped tobacco and drawbacks on tobacco.
(1) As from the first day of May nineteen hundred and six, one halfpenny per pound shall be substituted for threepence per pound as the increase of duty in the case of stripped tobacco under subsection (1) of section two of the Finance Act, 1904 , and the rebate under subsection (2) of that section shall cease as from the same day.
(2) As from the twenty-first day of May nineteen hundred and six, the table of rates of drawback set out in the First Schedule to this Act shall be substituted for the table of rates of drawback set out in the Schedule to the Finance Act, 1904.
(3) Subject to any regulations which the Commissioners of Customs may make, stalks, shorts, or other refuse of tobacco (including offal snuff) may be deposited by a licensed manufacturer of tobacco in a bonded warehouse for exportation as merchandise, and any drawback payable thereon shall, notwithstanding anything in section one of the Manufactured Tobacco Act, 1863 , be paid with all convenient speed after the deposit.
(4) The Commissioners of Customs may permit, subject to any regulations which they may make, the shipment on drawback for use as stores of British manufactured tobacco, in packages containing such quantities as they may allow, direct from the premises of a licensed manufacturer of tobacco, and the like drawback shall be payable upon the shipment of the tobacco as would be payable upon the deposit of the tobacco in a bonded warehouse to be used as ships' stores.
3 Duty on coal to cease.
3. On the first day of November nineteen hundred and six, the duty on coal imposed by section three of the Finance Act, 1901, shall cease.
4 Continuance of additional customs duties and drawbacks on tobacco, beer, and spirits.
4. The additional duties of customs on tobacco, beer, and spirits imposed by sections two, three, four, and five of the Finance Act, 1900(including the increased duties imposed by section five of that Act), shall continue to be charged, levied, and paid until the first day of July nineteen hundred and seven, and, as regards the period for which any additional drawback is allowed under the said section four, July nineteen hundred and seven shall be substituted for August nineteen...
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