Finance Act, 1908

FINANCE ACT 1908

[8 Edw. 7. Ch. 16.]

ARRANGEMENT OF SECTIONS. A.D. 1908.

Part I.

Customs and Excise.

Section.

1.

Duty on tea.

2.

Reduction of sugar duty.

3.

Duty on tobacco produced in Ireland. Bringing into operation and re-enactment of the Irish Tobacco Act, 1907.

4.

Power to transfer management of Excise duties from Inland Revenue to Customs.

Part II.

Stamps.

5.

Reduction of stamp duty on marine policies for a voyage.

Part III.

Local Taxation Licences.

6.

Collection of duties on certain local taxation licences by county councils.

Part IV.

Taxes.

7.

Income tax for 1908–9.

8.

Remuneration fo assessors.

Part V.

National Debt.

9.

Partial application of surplus for erection of buildings for public offices.

Part VI.

General.

10.

Construction, and short title.

Schedule.

CHAPTER 16.

An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue and the National Debt, and to make other provisions for the financial arrangements of the year. [1st August 1908.]

Most Gracious Sovereign,

WE, Your Majesty's most dutiful and loyal subjects the Commons of the United Kingdom of Great Britain and Ireland 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 herein-after 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:—