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Finance Act 1983

Type Public General Act
Publication 1983-05-13
State In force
Department Statute Law Database
Source legislation.gov.uk
Reform history JSON API

PART I — Customs and Excise

Duties on spirits, beer, wine, made-wine and cider

1

Tobacco products

2

Hydrocarbon oil

3

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Vehicles excise duty

4

Bingo duty and gaming machine licence duty

5

(1A) Where the total value of the card money taken in the bingo in question played at any premises exceeds during, or on any day in, a relevant week the total value of the prizes won in that bingo during that week or, as the case may be, on that day, any reference in subparagraph (1) above to the total value of the prizes so won shall be read as a reference to the total of the card money so taken. In this subparagraph “card money” means money taken by or on behalf of the promoter of the bingo as payment by players for their cards (within the meaning of section 17(3) of this Act)

(3) In construing subparagraph (2)(a) above, proceeds of an entertainment promoted on behalf of a society falling within this subparagraph which are applied for any purpose calculated to benefit the society as a whole shall not be held to be applied for purposes of private gain by reason only that their application for that purpose results in benefit to any person as an individual. (4) A society falls within subparagraph (3) above if it is established and conducted either— (a) wholly for purposes other than purposes of any commercial undertaking, or (b) wholly or mainly for the purpose of participation in or support of athletic sports or athletic games; and in this paragraph “society” includes any club, institution, organisation or association of persons, by whatever name called, and any separate branch or section of such a club, institution, organisation or association.

Deferred payment of excise duty on goods

6

The following section shall be inserted in Part X of the Customs and Excise Management Act 1979 (duties and drawbacks: general provisions), after section 127—

(127A) (1) The Commissioners may by regulations make provision for the payment of any excise duty on goods of a prescribed kind to be deferred, in prescribed cases, subject to such conditions or requirements as may be imposed— (a) by the regulations; or (b) where the regulations so provide, by the Commissioners. (2) Any duty payment of which is deferred under the regulations shall be treated, for prescribed purposes, as if it had been paid. (3) Where— (a) any excise duty to which an application for deferment of duty made under the regulations relates is payable on goods on their removal from an excise warehouse; and (b) the Commissioners are not satisfied— (i) that the conditions imposed under section 92(1) above in relation to the warehouse have been complied with by the occupier of the warehouse; or (ii) that the warehousing regulations made by virtue of section 93(2)(g) above have been complied with by the occupier or by the proprietor of the goods; the Commissioners may, notwithstanding any provision of the regulations, refuse the application or refuse it in so far as it relates to those goods. Nothing in this subsection shall be taken to prejudice the power of the Commissioners to prescribe the cases in which excise duty may be deferred. (4) Regulations under this section may make different provision for goods of different descriptions or for goods of the same description in different circumstances. (5) In this section “prescribed” means prescribed by regulations made under this section.

Imports to and exports from Northern Ireland

7

(1A) In such cases and subject to compliance with such conditions as appear to the Commissioners to be appropriate, the Commissioners may dispense with any requirement of a regulation made under subsection (1) above

Export from Northern Ireland of goods chargeable with agricultural levies

8

At the end of Part V of the Customs and Excise Management Act 1979 (control of exportation), after section 68A, there shall be inserted the following section—

(68B) (1) If goods of any class or description chargeable with agricultural levies on their exportation from the United Kingdom are found in the possession or control of any person within the prescribed area in Northern Ireland, any officer or any person having by law in Northern Ireland the powers of an officer may require that person to furnish proof either— (a) that the goods are not intended for such exportation; or (b) that the goods are intended for such exportation and any entry required to be made or security required to be given in connection with that exportation has been or will be made or given. (2) If proof of any matter is required to be furnished in relation to any goods under subsection (1) above but is not so furnished, the goods shall be liable to forfeiture.

Miscellaneous customs and excise repeals

9

PART II — Income Tax, Corporation Tax and Capital Gains Tax

Chapter I

Charge of income tax for 1983-84

10–28

Charge of corporation tax for financial year 1982

11

Corporation tax shall be charged for the financial year 1982. at the rate of 52 per cent.

Rate of advance corporation tax for financial year 1983

12

The rate of advance corporation tax for the financial year 1983. shall be three-sevenths.

Corporation tax: small companies

13

The small companies rate for the financial year 1982 shall be 38 per cent., and for that year the fraction mentioned in subsection (2) of section 95 of the Finance Act 1972 (marginal relief for small companies) shall be seven seventy-fifths.

Personal reliefs

14

Widow's bereavement allowance

15

(a) for that year of assessment, and (b) unless she marries again before the beginning of it, for the next following year of assessment

.

Relief for interest

16

Loan interest paid under deduction of tax

17

or (c) it is interest to which sub-paragraph (3) of paragraph 2 above applies

.

(3A) The reference in sub-paragraph (1) above to a loan only part of the interest on which would (apart from the principal section) be eligible for relief under section 75 of the Finance Act 1972 includes a reference to each of two or more loans if, by virtue of sub-paragraph (4)(b) of paragraph 5 of the 1974 Schedule, the interest on the loans falls to be treated for the purposes of that paragraph as payable on one loan; but, notwithstanding that each of those loans is accordingly a limited loan for the purposes of this paragraph, none of the interest on any of them is relevant loan interest unless each of the loans was made by the same qualifying lender

;

and in sub-paragraph (4) of that paragraph after the words " sub-paragraph (3) " there shall be inserted the words " or sub-paragraph (3A) " .

(nn) the Church of England Pensions Board

;

and at the end of paragraph (o) of sub-paragraph (1) there shall be added the words " and any other body whose activities and objects appear to the Treasury to qualify it for inclusion in this paragraph ".

Assigned life policies and annuity contracts

18

Retirement annuity relief: early retirement

19

Scholarships

20

(62A) (1) Nothing in section 375 of the Taxes Act (scholarship income not to be taken into account as income for income tax purposes) shall be construed as conferring on any person other than the person holding the scholarship in question any exemption from the charge to tax under section 61 above. (2) For the purposes of this Chapter, any scholarship provided for a member of a person's family or household shall, without prejudice to any other provision of this Chapter, be taken to have been provided by reason of that person's employment if it is provided under arrangements entered into by, or by any person connected with, his employer (whether or not those arrangements require the employer or connected person to contribute directly or indirectly to the cost of providing the scholarship). (3) Section 61 above does not apply to a benefit consisting in a payment in respect of a scholarship— (a) provided from a trust fund or under a scheme; and (b) held by a person receiving full-time instruction at a university, college, school or other educational establishment; if, in the year in which the payment is made, not more than 25 per cent, of the total amount of the payments made from that fund, or under that scheme, in respect of scholarships so held would (apart from this subsection) represent benefits chargeable to tax under section 61 above. (4) In this section " scholarship " includes an exhibition, bursary or other similar educational endowment ; and section 533 of the Taxes Act (connected persons) applies for the purposes of this section.

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