Finance Act 1992

Excise duties

Spirits, beer, wine, made-wine and cider

1

• (1) In section 5 of the Alcoholic Liquor Duties Act 1979 (spirits) for “£18.96” there shall be substituted “ £19.81 ”.

• (2) In section 36 of that Act (beer) as that section has effect apart from section 7(1) of the Finance Act 1991 for “£1.06” there shall be substituted “ £1.108 ”.

• (3) For the Table of rates of duty in Schedule 1 to that Act (wine and made-wine) there shall be substituted the Table in the Schedule to this Act.

• (4) In section 62(1) of that Act (cider) for “£20.40” there shall be substituted “ £21.32 ”.

• (5) This section shall be deemed to have come into force at 6 o’clock in the evening of 10th March 1992.

Tobacco products

2

• (1) For the Table in Schedule 1 to the Tobacco Products Duty Act 1979 there shall be substituted—

• (2) This section shall be deemed to have come into force at 6 o’clock in the evening of 10th March 1992.

Hydrocarbon oil

3

• (1) In section 6(1) of the Hydrocarbon Oil Duties Act 1979 for “£0.2585” (duty on light oil) and “£0.2187” (duty on heavy oil) there shall be substituted “ £0.2779 ” and “ £0.2285 ” respectively.

• (2) In section 11(1) of that Act (rebate on heavy oil) for “£0.0091” (fuel oil) and “£0.0129” (gas oil) there shall be substituted “ £0.0095 ” and “ £0.0135 ” respectively.

• (3) In section 13A(1) of that Act (rebate on unleaded petrol) for “£0.0344” there shall be substituted “ £0.0437 ”.

• (4) In section 14(1) of that Act (rebate on light oil for use as furnace fuel) for “£0.0091” there shall be substituted “ £0.0095 ”.

• (5) This section shall be deemed to have come into force at 6 o’clock in the evening of 10th March 1992.

Vehicles excise duty

4

• (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

General betting duty

5

• (1) In section 1(2) of the Betting and Gaming Duties Act 1981 (rate of general betting duty) for “8 per cent.” there shall be substituted “ 7.75 per cent. ”

• (2) This section shall apply in relation to bets made on or after 1st April 1992.

Value added tax

Payments on account

6

Serious misdeclaration, default surcharge, etc

7

Car tax

Reduction of rates

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income tax

Lower rate

9

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Charge etc. for 1992-93

10

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General

Short title and interpretation

11

• (1) This Act may be cited as the Finance Act 1992.

• (2) In this Act “the Taxes Act 1988” means the Income and Corporation Taxes Act 1988.

SCHEDULE

Spirits, beer, wine, made-wine and cider.

Hydrocarbon oil.

General betting duty.

Reduction of rates.

Charge etc. for 1992-93.

Editorial notes

[^c933084]: Act partly in force at Royal Assent, partly retrospective; all in force by 1.4.1992; see individual sections. Note some provisions come into force at specific times of day.

[^c933085]: 1979 c. 4.

[^c933086]: 1991 c. 31.

[^c933087]: 1979 c. 7.

[^c933088]: 1979 c. 5.

[^c933093]: S. 4(1)(2)(5) repealed (1.9.1994) by 1994 c. 22, ss. 65, 66(1), Sch. 5 Pt. I (with s. 57(4))

[^c933095]: S. 4(3)(4) repealed (retrospectively) with effect in relation to licenses taken out after 16 March 1993 by 1993 c. 34, s. 213, Sch. 23 Pt. I (6).

[^c933098]: 1981 c. 63.

[^c933100]: S. 6 repealed (1.9.1994) by 1994 c. 23, ss. 100(2), 101(1), Sch. 15

[^c933102]: S. 7 repealed (1.9.1994) by 1994 c. 23, ss. 100(2), 101(1), Sch. 15

[^c933104]: 1988 c. 1.

[^key-c06787641cd37b1b3d1a184a8d33b369]: S. 8 repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 9 Group 5

[^key-4ec2ba57e84551b2c6e35a92acdf4f94]: S. 10 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)

[^key-8cd5ea3fcbd02b1481398a9f9d774bb7]: S. 9 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)