Income Tax Act 1842
| Jurisdiction | UK Non-devolved |
| Citation | 1842 c. 35 |
| Year | 1842 |
(5 & 6 Vict.) C A P. XXXV.
[22d June 1842]
Most Gracious Sovereign,
WE, Your Majesty's most dutiful and loyal Subjects, the Commons of the United Kingdom ofGreat Britain and Ireland in Parliament assembled, towards raising the necessary Supplies to defray Your Majesty's public Expences, and making an addition to the public Revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several Rates and Duties herein-after 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 Authorityof the same, That from and after the Fifth Day ofApril One thousand eight hundred and forty-two there shall be charged, raised, levied, collected, and paid, unto and for the Use of Her Majesty, Her Heirs and Successors, during the Term herein-after limited, the several Rates and Duties mentioned in the several Schedules contained in this Act, and marked respectively (A.), (B.), (C.), (D.), and (E.); (that is to say,)
Note : this act is listed in the Chronological Table of Statutes as theIncome Tax Act, 1842
Schedule (A.)
For all Lands, Tenements, and Hereditaments, or Heritages inGreat Britain there shall be charged yearly, in respect of the Property thereof, for every Twenty Shillings of the annual Value thereof, the Sum of Seven-pence:
Schedule (B.)
For all Lands, Tenements, and Hereditaments inEngland there shall be charged yearly, in respect of the Occupation thereof, for every Twenty Shillings of the annual Value thereof, the Sum of Threepence Halfpenny:
For all Lands, Tenements, and Heritages inScotland there shall be charged yearly, in respect of the Occupation thereof, for every Twenty Shillings of the annual Value thereof, the Sum of Two pence Halfpenny:
Schedule (C.)
Upon all Profits arising from Annuities, Dividends and Shares of Annuities, payable to any Person, BodyPolitic or Corporate, Company or Society, whether Corporate or not Corporate, out of any public Revenue, there shall be charged yearly, for every Twenty Shillings of the annual Amount thereof, the Sum of Seven-pence, without Deduction.
Schedule (D.)
Upon the annual Profits or Gains arising or accruing to any Personresiding inGreat Britain from any Kind of Property whatever, whether situate in Great Britain or elsewhere, there shall be charged yearly, for every Twenty Shillings of the Amount of such Profits or Gains, the Sum of Seven-pence; and upon the annual Profits or Gains arising or accruing to any Person residing in Great Britain , from any Profession, Trade, Employment, or Vocation, whether the same shall be respectively carried on in Great Britain or elsewhere, there shall be charged yearly, for every Twenty Shillings of the Amount of such Profits or Gains, the Sum of Seven-pence:
And upon the annual Profits or Gains arising or accruing to any Person whatever, whether a Subject of Her Majesty or not, although not resident withinGreat Britain , from any Property whatever in Great Britain , or any Profession, Trade, Employment, or Vocation exercised within Great Britain , there shall be charged yearly, for every Twenty Shillings of the Amount of such Profits or Gains, the Sum of Seven-pence:
Schedule (E.)
Upon every public Office or Employmentof Profit, and upon every Annuity, Pension, or Stipend payable by Her Majesty or out of the public Revenue of the United Kingdom, except Annuities before charged to the Duties in Schedule (C.), for every Twenty Shillings of the annual Amount thereof respectively, there shall be charged yearly the Sum of Seven-pence.
II Duties on fractional Parts.
II. And be it enacted, That upon every fractional Part of Twenty Shillings of the annual Profits or Gains aforesaid the like Proportion of Duty, at the Rate before directed, shall be charged; provided no Rate or Duty shall be charged of a lower Denomination than One Penny.
III The Duties to be under the Management of the Commissioners of Stamps and Taxes, and to be assessed and raised under the Regulations of the Acts relating to the Assessed Taxes.
III. And be it enacted, That the Duties by this Act granted shall be under the Direction and Management of the Commissioners of Stamps and Taxes for the Time being, who are hereby empowered to employ all such Officers or other Persons, and to do all such other Acts and Things, as may be deemed necessary or expedient for the raising, collecting, receiving, and accounting for the said Duties, and for putting this Act into execution, in the like and in as full and ample a Manner as they are authorized to do with relation to any other Duties under their Care and Management; and that the said Duties hereby granted arising inEngland shall be assessed, raised, levied, and collected under the Regulations of an Act passed in the Forty-third Year of the Reign of King George the Third, intituled An Act for consolidating certain of the Provisions contained in any Act or Acts relating to the Duties under the Management of the Commissioners for the Affairs of Taxes, and for amending the same , and other Acts relating thereto, or for explaining, altering, or amending the same; and the said Duties arising in Scotland shall be assessed, raised, levied, and collected under the Regulationsof an Act passed in the same Session of Parliament, intituled Great Britaincalled Scotland, and other Acts relating thereto, or for explaining, altering, or amending the same; and all the Powers, Authorities, Methods, Rules, Directions, Penalties, Clauses, Matters, and Things now in force, contained in or enacted by the several Acts before recited or referred to, or any other Acts relating to the Duties of Assessed Taxes, and also all the Powers, Authorities, Rules, Regulations, Directions, Penalties, Clauses, Matters, and Things contained in or enacted by Two several Acts of Parliament, passed respectively in the Forty-eighth and Fiftieth Years of the Reign of KingGeorge the Third, and intituled, respectively, An Act to amend the Acts relating to the Dutiesof Assessed Taxes, and of the Tax upon the Profits of Property, Professions, Trades, and Offices, and to regulate the Assessmentand Collection of the same , and An Act to regulate the Manner of making Surcharges of the Duties of Assessed Taxes, and of the Tax upon Profits arising from Property, Professions, Trades, and Offices; and for amending the Acts relating to the said Duties respectively , whether such last-mentioned Powers, Authorities, Rules, Regulations, Directions, Penalties, Clauses, Matters, and Things shall be in force at the Time of the passing of this Act or not, and notwithstanding that the same or any Part thereof may have expired or been repealed, shall severally and respectively be and become in full Force and Effect with respect to the Duties hereby granted, and shall be severally and respectively duly observed, applied, practised, and put in execution throughout the respective Parts of Great Britain , for raising, levying, collecting, receiving, accounting for, and securing of the said Duties hereby granted, and for auditing the Accounts thereof, and otherwise relating thereto, so far as the same shall not be superseded by and shall be consistent with the express Provisions of this Act, as fully and effectually, to all Intents and Purposes, as if the same Powers, Authorities, Methods, Rules, Directions, Penalties, Clauses, Matters, and Things were particularly repeated and re-enacted in the Body of this Act, with reference to the said Duties hereby granted, and respectively applied to such Parts of Great Britain as aforesaid; and all and every the Regulations of such Acts (except as aforesaid) shall be applied, construed, deemed, and taken to refer to this Act, and to the Duties hereby granted, in like Manner as if the same had been enacted therein.
IV Commissioners of Land Tax at District Meetings to appoint Commissioners for the General Purposes of this Act.
IV. 'And whereas it is expedient to appoint Commissioners for the General Purposes of this Act from and amongst the Persons appointed Commissioners for the Execution of an Act passed in the Thirty-eighth Year of the Reign of KingGeorge the Third, intituled An Act for granting an Aid to His Majesty by a Land Tax, to be raised in Great Britain, for the Service of the Year One thousand seven hundred and ninety-eight , or from and amongst the Persons appointed Commissioners for the Execution of the said Act by any subsequent Act of Parliament passed or to be passed, to act in the Execution of this Act, so far as relates to the Powers hereby vested in such Commissioners;' be it enacted, That the several Persons appointed or to be appointed Commissionersfor putting in execution the said Land Tax Act in the respective Parts ofGreat Britain therein mentioned, being respectively qualified to act as Commissioners in the Execution of the said Land Tax Act, shall meet within the County, Riding, Shire, or Stewartry, or within each Hundred, Rape, Lathe, or Wapentake of the County, Riding, Shire, or Stewartry for which they are or shall be respectively appointed Commissioners of the said Land Tax Act, or within such other Division of the said County, Riding, Shire, or Stewartry as the Commissioners of Stamps and Taxes shall direct, and...
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