Finance Act 1924

JurisdictionUK Non-devolved
Citation1924 c. 21


Finance Act, 1924

(14 & 15 Geo. 5.) CHAPTER 21.

An Act to grant certain Duties of Customs and Inland Revenue (including Excise), to alter other Duties, and to amend the Law relating to Customs and Inland Revenue (including Excise) and the National Debt, and to make further provision in connection with Finance.

[1st August 1924]

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:—

I Customs and Excise.

Part I.

Customs and Excise.

S-1 Duty on tea.

1 Duty on tea.

1. In lieu of the duty of customs payable on tea imported into Great Britain or Northern Ireland, there shall, subject to the provisions of section eight of the Finance Act, 1919(which relates to imperial preferential rates), be charged, levied and paid as from the fifth day of May, nineteen hundred and twenty-four, until the first day of August, nineteen hundred and twenty-five, the following duty, that is to say:—

Tea the lb. fourpence.
S-2 Reduced duties on cocoa.

2 Reduced duties on cocoa.

2. In lieu of the duties of customs payable on cocoa imported into Great Britain or Northern Ireland there shall, subject to the provisions of section eight of the Finance Act, 1919, be charged, levied and paid as from the thirtieth day of April, nineteen hundred and twenty-four, the following reduced duties, that is to say:—

s. d.
Cocoa the cwt. 14 0
Cocoa (husks and shells) the cwt. 2 0
Cocoa-butter the lb. 0 1
1
2

Provided that, in the application of this section to any duty charged on manufactured or prepared goods under section seven of the Finance Act, 1901, the first day of July, nineteen hundred and twenty-four, shall be substituted for the thirtieth day of April, nineteen hundred and twenty-four.

S-3 Reduced duties on coffee, chicory, and coffee substitutes.

3 Reduced duties on coffee, chicory, and coffee substitutes.

(1) In lieu of the duties of customs payable on coffee and chicory imported into Great Britain or Northern Ireland there shall, subject to the provisions of section eight of the Finance Act 1919, be charged, levied and paid as from the fifth day of May, nineteen hundred and twenty-four, the following reduced duties, that is to say:—

s. d.

Coffee (not kiln-dried, roasted or ground)

the cwt.

14 0

Coffee (kiln-dried, roasted or ground)

the lb.

0 2

Chicory (raw or kiln-dried) the cwt.

13 3

Chicory (roasted or ground) the lb.

0 2

(2) In lieu of the duty of excise payable on chicory there shall, as from the fifth day of May, nineteen hundred and twenty-four, be charged, levied and paid the following reduced duty, that is to say:—

s. d.

Chicory (raw or kiln-dried) the cwt.

10 0

and so in proportion for any less quantity.

(3) In lieu of the duty of excise now payable in respect of coffee substitutes there shall, as from the fifth day of May, nineteen hundred and twenty-four, be charged, levied and paid on any article or substance prepared or manufactured for the purpose of being in imitation of, or in any respect to resemble, or to serve as a substitute for, coffee or chicory, and on any mixture of any such article or substance with coffee or chicory, the following reduced duty, that is to say:—

s. d.

For every quarter of a pound of any such article, substance or mixture, which is sold or kept for sale in Great Britain or Northern Ireland

0 0
1
2

(4) For the rates of drawback on coffee and chicory and mixtures of coffee and chicory specified in subsection (4) of section three of the Finance Act, 1922 , there shall be substituted the following reduced rates, that is to say:—

s. d.

Coffee for every 100 lbs.

14 0

Chicory for every 100 lbs.

11 0

Mixtures of coffee and chicory

for every 100 lbs.

11 0

and so in proportion for any less quantity:

Provided that—

(i) in the case of the drawback on chicory and on mixtures of coffee and chicory, the rate thereof shall, if the duty paid on the chicory, or on the chicory or any part of the chicory contained in the mixture, as the case may be, was either the customs duty at the reduced rate payable under section eight of the Finance Act, 1919, or the excise duty, be nine shillings instead of eleven shillings; and

(ii) the reduction of rates under this subsection shall not have effect in relation to any goods as respects which it is shown to the satisfaction of the Commissioners of Customs and Excise that duty was paid at the rate in force before the fifth day of May, nineteen hundred and twenty-four.

S-4 Reduced customs duties on sugar.

4 Reduced customs duties on sugar.

4. In lieu of the present customs duties, drawbacks and allowance in respect of sugar, molasses, glucose and saccharin there shall, subject to the provisions of section eight of the Finance Act, 1919, be charged, levied and paid as from the thirtieth day of April, nineteen hundred and twenty-four, the duties specified in the second column of Part I. of the First Schedule to this Act, and there shall, as from the date aforesaid, be paid and allowed the drawbacks and allowance set out in Part II. of the said Schedule, but subject both as respects duties and as respects drawbacks and allowances to the provisions, so far as they are applicable, set out in Part III. of the said Schedule:

Provided that, in the application of this section to any duty charged on manufactured or prepared goods under section seven of the Finance Act, 1901, the first day of July, nineteen hundred and twenty-four, shall be substituted for the thirtieth day of April, nineteen hundred and twenty-four.

S-5 Reduced excise duties on sugar.

5 Reduced excise duties on sugar.

(1) In lieu of the present excise duties, drawbacks and allowance in respect of sugar, molasses, glucose and saccharin there shall, as from the thirtieth day of April, nineteen hundred and twenty-four, be charged, levied and paid the duties specified in the third column of Part I. of the First Schedule to this Act, and there shall, as from the date aforesaid, be paid and allowed the drawbacks and allowance set out in Part II. of the said Schedule, but subject both as respects duties and as respects drawbacks and allowances to the provisions, so far as they are applicable, set out in Part III. of the said Schedule.

(2) The provisions of Part III. of the First Schedule to the Finance (No. 2) Act, 1915 , shall apply to the excise duties under this section.

S-6 Rate of entertainments duty, and further relief from duty for certain charitable entertainments.

6 Rate of entertainments duty, and further relief from duty for certain charitable entertainments.

(1) As from the second day of June, nineteen hundred and twenty-four, entertainments duty within the meaning of the Finance (New Duties) Act, 1916 , shall be charged at the rate set out in the Second Schedule to this Act.

(2) Where a person who has made a payment for admission to an entertainment subsequently on being admitted to another part of the place of entertainment makes a further payment for admission in respect of the same entertainment, there shall, for the purposes of entertainments duty, be deemed to have been one payment of an amount equal to the aggregate amount of the several payments.

(3) The provisions of this section shall have effect in relation to any payment made before the said second day of June for admission to an entertainment to be held on or after that date as if the payment had been made on or after that date, and, where duty has been charged on any such payment at the rate in force before that date, the person by whom the duty was paid shall be entitled to repayment of the difference between the amount actually paid and the amount, if any, which would have been chargeable on the said payment if it had been made on or after that date.

(4) Notwithstanding anything in section one of the Finance (New Duties) Act, 1916, as amended by any subsequent enactment, entertainments duty shall not be charged on payments for admission to any entertainment where the Commissioners of Customs and Excise are satisfied that the entertainment has been promoted by a society or institution of a permanent character established or conducted solely or partly for philanthropic or charitable purposes, or by two or more such societies or institutions acting in combination, and that the whole of the net proceeds of the entertainment are devoted to philanthropic or charitable purposes, and the provisions in subsection (5) of section one of the Finance (New Duties) Act, 1916, which, as amended by subsection (2) of section thirteen of the Finance Act, 1922, require the repayment to the proprietor of an entertainment in certain cases of the amount of the entertainments duty paid in respect of the entertainment, shall have effect as if for the words ‘and that the whole of the...

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