Finance Act 1932

JurisdictionUK Non-devolved
Citation1932 c. 25


Finance Act, 1932

(22 & 23 Geo. 5.) 25.

An Act to grant certain duties of Customs and Inland Revenue (including Excise), to alter other duties, to amend the law relating to the Inland Revenue (including Excise) and the National Debt, to amend the Import Duties Act, 1932, in certain particulars, and also other enactments relating to the Customs, and to make further provision in connection with Finance.

[16th June 1932]

Most Gracious Sovereign,

W e , Your Majesty's most dutiful and loyal subjects the Commons of the United Kingdom 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 Duties on tea.

1 Duties on tea.

(1) Customs duties at the rates hereinafter mentioned shall be payable on tea imported into the United Kingdom on or after the twentieth day of April, nineteen hundred and thirty-two, that is to say:—

Tea not being an Empire product the lb., Fourpence
Tea being an Empire product the lb., Twopence.

(2) An excise duty at the rate of twopence the pound shall be payable on tea which was imported into the United Kingdom before the twentieth day of April, nineteen hundred and thirty-two, and was on that date in the ownership or possession of any person who then held more than one thousand pounds thereof, but not including any such tea which is shown to the satisfaction of the Commissioners of Customs and Excise to have been intended for use by the person in whose ownership or possession it was and not to have been intended for sale or for use in the preparation of a beverage for sale.

(3) Section fourteen of the Finance Act, 1924 (which makes provision for the allowance of drawback on the exportation of certain blended tea), shall (as amended by section twelve of the Finance Act, 1925 , which provides that the said section fourteen shall extend to tea shipped as stores) extend to blended tea prepared from teas in respect of which either of the customs duties or the excise duty payable under this section has been paid.

(4) In this section the expression ‘Empire product’ has the same meaning as in subsection (1) of section eight of the Finance Act, 1919 .

S-2 Duties on certain colonial sugar, molasses &c.

2 Duties on certain colonial sugar, molasses &c.

(1) As from the commencement of this section, the customs duties in respect of sugar, molasses, glucose and saccharin shown to the satisfaction of the Commissioners of Customs and Excise to have been consigned from and grown, produced or manufactured in a colony or other country to which this section applies shall be at the rates specified in the First Schedule to this Act instead of at the rates theretofore chargeable.

(2) The colonies to which this section applies are all the colonies except Southern Rhodesia, and the other countries to which this section applies are territories under His Majesty's protection and territories in respect of which a mandate of the League of Nations is being exercised by the Government of the United Kingdom, being territories to which section five of the Import Duties Act, 1932 , by virtue of an Order in Council made thereunder for the time being applies.

(3) This section shall be deemed to have had effect as from the twentieth day of April, nineteen hundred and thirty-two:

Provided that in the application of this section to any duty chargeable on manufactured or prepared goods under section seven of the Finance Act, 1901 , the first day of July shall be substituted for the twentieth day of April.

S-3 Excise duties on sugar, molasses, &c.

3 Excise duties on sugar, molasses, &c.

(1) As from the commencement of this section, the excise duties in respect of sugar, molasses, glucose and saccharin shall be at the rates specified in the Second Schedule to this Act instead of at the rates theretofore chargeable.

(2) This section shall be deemed to have had effect as from the twentieth day of April, nineteen hundred and thirty-two.

S-4 Rates of drawback on certain sugar and molasses.

4 Rates of drawback on certain sugar and molasses.

In the case of sugar and molasses produced in the United Kingdom from material on which there has been paid a customs duty at a rate chargeable by virtue of section two of this Act or an excise duty, drawbacks shall be paid in accordance with the scales set out in the Third Schedule to this Act instead of in accordance with the scales which would otherwise have been applicable:

Provided that the reduction under this subsection of the rates or amounts of any drawback 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 twentieth day of April, nineteen hundred and thirty-two.

S-5 Additional and substituted customs duties on articles made wholly or partly of silk or artificial silk..

5 Additional and substituted customs duties on articles made wholly or partly of silk or artificial silk..

(1) As from the commencement of this section, in addition to the customs duties chargeable under section four of and the Second Schedule to the Finance Act, 1925, of section five of the Finance Act, 1926 , a customs duty equal to ten per cent. of the value of the articles shall be charged on the importation into the United Kingdom of yarns and tissues and other articles (not being articles of apparel) made wholly or partly of silk or artificial silk.

(2) As from the commencement of this section, in the ease of an article of apparel made wholly or partly of silk or artificial silk there shall, in lieu of the customs duty chargeable under the enactments aforesaid, be charged, on the importation thereof into the United Kingdom, whichever is the higher of the two following duties, that is to say—

( a ) a customs duty equal to the aggregate amount of the customs duty which would otherwise have been chargeable under the enactments aforesaid, and of a duty equal to ten per cent. of the value of the article;

( b ) a customs duty calculated at the rate shown in the following table on the weight of the article:—

In the case of articles containing silk alone or containing both silk and artificial silk.

In the case of articles containing artificial silk alone.

the lb. the lb.
s. d. s. d.

Where the article is made wholly of silk or artificial silk, or where the value of the silk or artificial silk component exceeds twenty per cent. of the aggregate of the values of all the components of the article

12 0 5 0

Where the value of the silk or artificial silk component exceeds five per cent. but does not exceed twenty per cent. of the aggregate of the values of all the components of the article

4 0 1 8

Where the value of the silk or artificial silk component does not exceed five per cent. of the aggregate of the values of all the components of the article

0 9 0 4

(3) The provisions of Part II of the Second Schedule to the Finance Act, 1925 (which relates to drawbacks), shall not apply in relation to the duties chargeable under this section, but a drawback equal to the amount of any duty paid under this section in respect of any articles may be allowed—

( a ) if the articles (not being articles specified in paragraph 1 of the said Part II) are shown to the satisfaction of the Commissioners of Customs and Excise to be in such form and state that the rate of duty which would be payable in respect thereof, if they were being imported, would be the same as that at which they or their components have already been charged; or

( b ) if the articles are made-up articles exported in the form and state in which they were imported.

(4) The provisions of Part III of the said Schedule shall, so far as applicable, apply to, and in relation to, the duties charged and the drawbacks allowed under this section as they apply to, and in relation to, the duties and drawbacks mentioned in the said Schedule, subject to the following modifications and exceptions:—

( a ) paragraphs 1 and 2 of the said Part III shall not apply in relation to any duty which is calculated by reference to value or to any drawback of such a duty;

( b ) paragraph 7 shall apply as if there were inserted after the word ‘if,’ in the second and third place where that word occurs, the words ‘or so far as’;

( c ) paragraphs 10 and 11 shall not apply.

(5) In the case of goods being Empire products within the meaning of subsection (1) of section eight of the Finance Act, 1919, the customs duties imposed by this section shall be charged at the preferential rate of five-sixths of the full rate.

(6) This section shall be deemed to have had effect as from the eleventh day of May, nineteen hundred and thirty-two.

S-6 Repeal of subs. \(2) of s. 5 of 16 & 17 Geo. c. 22.

6 Repeal of subs. \(2) of s. 5 of 16 & 17 Geo. c. 22.

(1) Subsection (2) of section five of the Finance Act, 1926 (which gives a person importing for his own use and not for sale an article of apparel...

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