Finance Act 1925

JurisdictionUK Non-devolved
Citation1925 c. 36


Finance Act, 1925

(15 & 16 Geo. 5.) CHAPTER 36.

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.

[30th June 1925]

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. The duty of customs payable on tea until the first day of August, nineteen hundred and twenty-five, under section one of the Finance Act, 1924, shall, subject to the provisions of section eight of the Finance Act, 1919(which relates to imperial preferential rates), continue to be charged, levied and paid until the first day of August, nineteen hundred and twenty-six, that is to say:—

Tea . . . the pound fourpence.

S-2 Continuation of increased medicine duties.

2 Continuation of increased medicine duties.

2. The additional duties of excise imposed by section eleven of the Finance (No. 2) Act, 1915, upon medicines liable to duty shall continue to be charged, levied and paid until the first day of August, nineteen hundred and twenty-six.

S-3 Customs duties on motor cars, musical instruments, clocks, films, &c.

3 Customs duties on motor cars, musical instruments, clocks, films, &c.

(1) There shall on and after the first day of July, nineteen hundred and twenty-five, be charged, levied and paid on any of the following articles imported into Great Britain or Northern Ireland the following duties of customs, that is to say:—

Motor cars, including motor bicycles and motor tricycles

Accessories and component parts of motor cars, motor bicycles, or motor tricycles other than tyres

Musical instruments, including gramophones, pianolas, and other similar instruments

Accessories and component parts of musical instruments, and records and other means of reproducing music

Clocks, watches, and the component parts of clocks and watches

An amount
equal to
thirty-three
and
one-third
per cent. of
the value of
the article.

Cinematograph films imported for the purpose of the exhibition of pictures or other optical effects by means of a cinematograph or other similar apparatus:—

Per linear foot
of the standard
width of
138 inches.

s. d.

Blank film, on which no picture has been impressed, known as raw film or stock

0 0 0
1
3

Positives, i.e. , films containing a picture for exhibition, whether developed or not

0 0 1

Negatives, i.e. , films containing a photograph, whether developed or not, from which positives can be printed

0 0 5

(2) The provisions of subsections (1), (3), (4), (5) and (6) of section thirteen of the Finance (No. 2) Act, 1915 , of section twelve of the Finance Act, 1922 , and of section nine of the Finance Act, 1923, which are set out in the First Schedule to this Act, and which as originally enacted applied in relation to the duties charged by the Finance (No. 2) Act, 1915, on the articles or some of the articles charged with duty by this section, shall have effect as if they were re-enacted in this Act and in terms made applicable to the duties imposed by this section.

S-4 Customs duties on silk and artificial silk.

4 Customs duties on silk and artificial silk.

4. There shall on and after the first day of July, nineteen hundred and twenty-five, be charged, levied and paid on the importation into Great Britain or Northern Ireland of the articles specified in the first column of Part I. of the Second Schedule to this Act respectively the duties of customs specified in the second column of the said Part I., and there shall be allowed and paid the drawbacks set out in Part II. of the said Schedule, but subject as respects both duties and drawbacks to the provisions contained in Part III. of the said Schedule.

S-5 Excise duty on artificial silk.

5 Excise duty on artificial silk.

(1) There shall on and after the first day of July, nineteen hundred and twenty-five, be charged, levied and paid on every pound weight of artificial silk singles yarn or straw manufactured in Great Britain or Northern Ireland (other than yarn produced by spinning from artificial silk waste on which duty has been paid under this Act) an excise duty of one shilling, and on every pound weight of artificial silk waste so manufactured an excise duty of sixpence, and there shall, as from the date aforesaid, be paid and allowed the drawbacks set out in Part II. of the Second Schedule hereto, but subject as respects both duties and drawbacks to the provisions contained in Part III. of that Schedule.

(2) There shall on and after the date aforesaid be charged, levied and paid on a licence to be taken out annually by a manufacturer of artificial silk yarn in Great Britain or Northern Ireland an excise duty of one pound.

(3) The Commissioners may make regulations—

(a ) prohibiting the manufacture of artificial silk yarn or waste in Great Britain or Northern Ireland except by persons holding a licence and having made entry for that purpose;

(b ) fixing the date of the expiration of the licence;

(c ) regulating the manufacture of any such yarn or waste and the delivery thereof from the manufactory with a view to securing and collecting from the manufacturers thereof the excise duty imposed by this section;

(d ) applying to the excise duty and drawbacks on any such yarn or waste and to manufacturers thereof any enactments relating to any duty or drawback of excise or customs;

(e ) providing for any exemption required for the purpose of relieving from duty any artificial silk intended for exportation.

(4) If any person acts in contravention of, or fails to comply with, any regulation made under this section, the article in respect of which the offence is committed shall be forfeited and the person committing the offence shall be liable in respect of each offence to an excise penalty of fifty pounds.

(5) In this section the expression ‘artificial silk yarn’ includes artificial silk thread and straw.

S-6 Customs duty on lace.

6 Customs duty on lace.

(1) During a period of five years beginning on the first day of July, nineteen hundred and twenty-five, a duty of customs equal to thirty-three and one-third per cent. of the value of the goods shall be charged on the importation into Great Britain or Northern Ireland of any of the following goods (that is to say):—

Lace of cotton, silk, or other fibre, whether made by hand or machine;

Products (not being solid fabrics) of the machines known as the Leaver's lace machine, the lace curtain machine, the lace net machine, or the circular lace machine;

Embroidery manufactured on net or any fabric which, or the main part of which, is eliminated before the article reaches its final stage.

(2) If any goods chargeable with duty under this section are proved to the satisfaction of the Commissioners to be goods brought back into Great Britain or Northern Ireland after having been exported therefrom for the purpose of undergoing any process out of Great Britain or Northern Ireland, the value of the goods for the purposes of this section shall be taken to be their value as ascertained in accordance with the provisions of this Part of this Act after deducting therefrom such amount as is proved to the satisfaction of the Commissioners to have been the value of the goods at the time of exportation, together with freight and insurance outwards.

(3) If it is proved to the satisfaction of the Commissioners that duty has been paid under this section in respect of any goods, and that the goods have not been used in Great Britain or Northern Ireland, a drawback equal to the amount of the duty so paid shall be allowed on the goods if exported as merchandise.

S-7 Customs duty on imported hops, and consequential modifications of beer duties and drawbacks.

7 Customs duty on imported hops, and consequential modifications of beer duties and drawbacks.

(1) During a period of four years beginning on the sixteenth day of August, nineteen hundred and twenty-five, there shall be charged, levied and paid on the following goods imported into Great Britain or Northern Ireland the following duties of customs, that is to say:—

s. d.
Hops the cwt. 4 0 0

Every extract, essence or other similar preparation made from hops

An amount equal to the duty on the quantity of hops which, in the opinion of the Commissioners, has been used in the manufacture of the extract, essence or preparation,

and as from the beginning of the said period there shall, on the exportation from Great Britain or Northern Ireland of hops in the case of which it is shown to the satisfaction of the Commissioners that they were imported in the packages in which they are being exported, be allowed and paid a drawback equal to the duties of customs shown to the satisfaction of the Commissioners to have been...

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