Finance Act 2005

JurisdictionUK Non-devolved
Citation2005 c. 7


Finance Act 2005

2005 CHAPTER 7

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.

[7th April 2005]

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 to 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 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—

1 Excise duties

Part 1

Excise duties

Tobacco products duty

Tobacco products duty

S-1 Rates of tobacco products duty

1 Rates of tobacco products duty

(1) For the Table of rates of duty in Schedule 1 to the Tobacco Products Duty Act 1979 (c. 7) substitute—

Table

1. Cigarettes

An amount equal to 22 per cent of the retail price plus 102.39 per thousand cigarettes.

2. Cigars

149.12 per kilogram.

3. Hand-rolling tobacco

107.18 per kilogram.

4. Other smoking tobacco and chewing tobacco

65.56 per kilogram.

(2) This section shall be deemed to have come into force at 6 o'clock in the evening of 16th March 2005.

Alcoholic liquor duties

Alcoholic liquor duties

S-2 Rate of duty on beer

2 Rate of duty on beer

(1) In section 36(1AA)(a) of ALDA 1979 (rate of duty on beer) for ‘12.59’ substitute ‘12.92’.

(2) This section shall be deemed to have come into force at midnight on 20th March 2005.

S-3 Rates of duty on wine and made-wine

3 Rates of duty on wine and made-wine

(1) For Part 1 of the Table of rates of duty in Schedule 1 to ALDA 1979 (rates of duty on wine and made-wine) substitute—

Part 1

Wine and made-wine of a strength not exceeding 22 per cent

Description of wine or made-wine

Rates of duty perhectolitre

Wine or made-wine of a strength not exceeding 4 per cent

51.69

Wine or made-wine of a strength exceeding 4 per cent but not exceeding 5.5 per cent

71.07

Wine or made-wine of a strength exceeding 5.5 per cent but not exceeding 15 per cent and not sparkling

167.72

Sparkling wine or sparkling made-wine of a strength exceeding 5.5 per cent but less than 8.5 per cent

166.70

Description of wine or made-wine

Rates of duty perhectolitre

Sparkling wine or sparkling made-wine of a strength of 8.5 per cent or of a strength exceeding 8.5 per cent but not exceeding 15 per cent

220.54

Wine or made-wine of a strength exceeding 15 per cent but not exceeding 22 per cent

223.62

(2) This section shall be deemed to have come into force at midnight on 20th March 2005.

Hydrocarbon oil etc duties

Hydrocarbon oil etc duties

S-4 Consolidation of current rates of hydrocarbon oil duties etc.

4 Consolidation of current rates of hydrocarbon oil duties etc.

(1) HODA 1979 is amended as follows.

(2) In subsection (1A) of section 6 (hydrocarbon oil: rates of duty)—

(a) in paragraph (a) (ultra low sulphur petrol), for ‘0.4902’ substitute ‘0.4710’,

(b) in paragraph (aa) (sulphur-free petrol), for ‘0.4852’ substitute ‘0.4710’,

(c) in paragraph (b) (light oil other than ultra low sulphur petrol and sulphur-free petrol), for ‘0.5790’ substitute ‘0.5620’,

(d) in paragraph (c) (ultra low sulphur diesel), for ‘0.4902’ substitute ‘0.4710’,

(e) in paragraph (ca) (sulphur-free diesel), for ‘0.4852’ substitute ‘0.4710’, and

(f) in paragraph (d) (heavy oil other than ultra low sulphur diesel and sulphur-free diesel), for ‘0.5487’ substitute ‘0.5327’.

(3) In subsection (3) of that section (aviation gasoline), for ‘(1A) above in relation to light oil’ substitute ‘(1A)(b) above’.

(4) In section 6AA(3) (biodiesel), for ‘0.2852’ substitute ‘0.2710’.

(5) In section 6AD(3) (bioethanol), for ‘0.2852’ substitute ‘0.2710’.

(6) In section 8(3) (road fuel gas)—

(a) in paragraph (a) (natural road fuel gas), for ‘0.1110’ substitute ‘0.0900’, and

(b) in paragraph (b) (other road fuel gas), for ‘0.1303’ substitute ‘0.0900’.

(7) In section 11(1) (rebate on heavy oil)—

(a) in paragraph (a) (fuel oil), for ‘0.0624’ substitute ‘0.0482’,

(b) in paragraph (b) (gas oil which is not ultra low sulphur diesel), for ‘0.0664’ substitute ‘0.0522’, and

(c) in paragraph (ba) (ultra low sulphur diesel), for ‘0.0664’ substitute ‘0.0522’.

(8) In section 13AA(1) (restrictions on use of rebated kerosene), for ‘for rebated gas oil which is then in force, instead of at the rate then in force under section 11(1)(c) above’ substitute ‘then in force under paragraph (b) of subsection (1) of section 11, instead of at the rate then in force under paragraph (c) of that subsection’.

(9) In section 13A(1) (rebate on unleaded petrol), for ‘0.0620’ substitute ‘0.0601’.

(10) In section 14(1) (rebate on light oil for use as furnace oil), for ‘0.0624’ substitute ‘0.0482’.

(11) In consequence of the preceding provisions the following instruments are revoked—

(a) the Excise Duties (Surcharges or Rebates) (Hydrocarbon Oils etc.) Order 2004 (S.I. 2004/2063),

(b) the Excise Duties (Road Fuel Gas) (Reliefs) Regulations 2004 (S.I. 2004/2069),

(c) the Excise Duties (Surcharges or Rebates) (Hydrocarbon Oils etc.) (Amendment) Order 2004 (S.I. 2004/3160), and

(d) the Excise Duties (Surcharges or Rebates) (Bioethanol) Order 2004 (S.I. 2004/3162).

(12) This section comes into force on the day on which this Act is passed.

S-5 Rates of hydrocarbon oil duties etc. from 1st September 2005

5 Rates of hydrocarbon oil duties etc. from 1st September 2005

(1) HODA 1979 is amended as follows.

(2) In subsection (1A) of section 6 (hydrocarbon oil: rates of duty)—

(a) in paragraph (a) (ultra low sulphur petrol), for ‘0.4710’ substitute ‘0.4832’,

(b) in paragraph (aa) (sulphur-free petrol), for ‘0.4710’ substitute ‘0.4832’,

(c) in paragraph (b) (light oil other than ultra low sulphur petrol and sulphur-free petrol), for ‘0.5620’ substitute ‘0.5766’,

(d) in paragraph (c) (ultra low sulphur diesel), for ‘0.4710’ substitute ‘0.4832’,

(e) in paragraph (ca) (sulphur-free diesel), for ‘0.4710’ substitute ‘0.4832’, and

(f) in paragraph (d) (heavy oil other than ultra low sulphur diesel and sulphur-free diesel), for ‘0.5327’ substitute ‘0.5465’.

(3) In section 6AA(3) (biodiesel), for ‘0.2710’ substitute ‘0.2832’.

(4) In section 6AD(3) (bioethanol), for ‘0.2710’ substitute ‘0.2832’.

(5) In section 8(3) (road fuel gas)—

(a) in paragraph (a) (natural road fuel gas), for ‘0.0900’ substitute ‘0.1080’, and

(b) in paragraph (b) (other road fuel gas), for ‘0.0900’ substitute ‘0.1270’.

(6) In section 11(1) (rebate on heavy oil)—

(a) in paragraph (a) (fuel oil), for ‘0.0482’ substitute ‘0.0604’,

(b) in paragraph (b) (gas oil which is not ultra low sulphur diesel), for ‘0.0522’ substitute ‘0.0644’, and

(c) in paragraph (ba) (ultra low sulphur diesel), for ‘0.0522’ substitute ‘0.0644’.

(7) In section 13A(1) (rebate on unleaded petrol), for ‘0.0601’ substitute ‘0.0617’.

(8) In section 14(1) (rebate on light oil for use as furnace oil), for ‘0.0482’ substitute ‘0.0604’.

(9) This section comes into force on 1st September 2005.

Gaming duty

Gaming duty

S-6 Rates of gaming duty

6 Rates of gaming duty

(1) For the Table in section 11(2) of FA 1997 (rates of gaming duty) substitute—

Table

Part of gross gaming yield

Rate

The first 534,500

2.5 per cent.

The next 1,186,500

12.5 per cent.

The next 1,186,500

20 per cent.

The next 2,078,000

30 per cent.

The remainder

40 per cent.

(2) This section has effect in relation to accounting periods beginning on or after 1st April 2005.

Vehicle excise duty

S-7 Rates

7 Rates

(1) VERA 1994 is amended as follows.

(2) In section 4 (vehicle licences: amount of duty), omit—

(a) subsection (3) (treatment of fractions of five pence in determining rate of duty on six month licence which is set at 55% of annual rate), and

(b) in subsection (7) (power...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT