Office of Public Sector Information

Office of Public Sector Information

Advanced Search

Main navigation

Supplementary menus and contents

Related Pages
Feeds

Page 1 of 17

Next

First page 1 2 3 4 5 6 7 8 9 10 11 Last page

Revised Statute from The UK Statute Law Database

Finance Act 1985 (c. 54)

This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.

There are effects on this legislation that have not yet been applied to SLD for the following years: 2004, 2005, 2006 and 2008. See the Tables of Legislative effects and the Update status of legislation page on the SLD website.

Royal arms

Finance Act 1985

1985 CHAPTER 54

Contents

Go to Preamble

  1. Part I

    Customs and Excise and Value Added Tax

    1. Chapter I

      Customs and Excise

      1. The rates of duty

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

        2. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 3. Hydrocarbon oil

        4. 4. Vehicles excise duty

      2. Other provisions

        1. 5. Blending of certain wines to constitute production of wine

        2. 6. Miscellaneous amendments relating to spirits and beer

        3. 7. Hydrocarbon oil: mixing etc

        4. 8. Gaming machine licence duty

        5. 9. Vehicles excise duty: fees

        6. 10. Computer records etc

    2. Chapter II

      Value Added Tax

      1. Newspaper advertisements

        1. 11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. Offences etc

        1. 12.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. Civil penalties

        1. 13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 13A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 14.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        4. 14A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        5. 14B.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        6. 15.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        7. 15A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        8. 16.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        9. 17.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        10. 17A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      4. Interest, surcharges and supplements

        1. 18.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 19.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 20.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      5. Assessments, records and information

        1. 21.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 22.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 23.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      6. Appeals

        1. 24.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 25.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 26.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        4. 27.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      7. Miscellaneous

        1. 28.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 29.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 30.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        4. 31.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        5. 32.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        6. 33.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  2. Part II

    Income Tax, Corporation Tax and Capital Gains Tax

    1. Chapter I

      General

      1. 34—49... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. 50.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. 51—53.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      4. 54. Withdrawal of right of certain non-resident companies to payment of tax credits

    2. Chapter II

      Capital Allowances

      1. 55—59.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. 60.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. 61—66.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. Chapter III

      Capital Gains

      1. 67.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. 68.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. 69.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      4. 70.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      5. 71.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      6. 72 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    4. Chapter IV

      Securities

      1. 73—77... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  3. Part III

    Stamp Duty

    1. 78—80... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 81.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 82. Gifts inter vivos

    4. 83. Part III Transfers in connection with divorce etc

    5. 84. Death: varying dispositions, and appropriations

    6. 85. Repeal of certain fixed duties

    7. 86. Abolition of duty on contract notes

    8. 87. Certificates

    9. 88. Exchange rates

    10. 89. Exemption from section 28 of Finance Act 1931

  4. Part IV

    Oil Taxation

    1. 90. Limitations on relief for exploration and appraisal expenditure

    2. 91. Chargeable periods relevant to limit on tax payable and expenditure supplement

    3. 92. Qualifying asset; exclusion of land and certain buildings etc

  5. Part V

    Miscellaneous and Supplementary

    1. 93. Abolition of development land tax and tax on development gains

    2. 94. Capital transfer tax: conditional exemption

    3. 95. The national heritage: transfer of Treasury functions to Board

    4. 96. European Communities and Investment Bank: exemptions

    5. 97. Extension of Provisional Collection of Taxes Act 1968 to reduced and composite rates

    6. 98. Short title interpretation, construction and repeals

  6. SCHEDULE 1

    Table of Rates of Duty on Wine and Made-Wine

  7. SCHEDULE 2

    Vehicles Excise Duty

  8. SCHEDULE 3

    Amendments of Alcoholic Liquor Duties Act 1979

  9. SCHEDULE 4

    Hydrocarbon Oil: Mixing Etc

  10. SCHEDULE 5

    Gaming Machine Licence Duty

  11. SCHEDULE 6

  12. SCHEDULE 7

  13. SCHEDULE 8

  14. SCHEDULES 9—13

    . .

  15. SCHEDULES 14—17.

    . .

  16. SCHEDULE 18

    . .

  17. SCHEDULE 19

  18. SCHEDULE 20

  19. SCHEDULE 21

  20. SCHEDULE 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  21. SCHEDULE 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  22. SCHEDULE 24

    Stamp Duty: Headings Omitted

  23. SCHEDULE 25

    Abolition of Development Land Tax and Tax on Development Gains

  24. SCHEDULE 26

    Capital Transfer Tax: Conditional Exemption

  25. SCHEDULE 27

    Repeals

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.

[25th July 1985]

X1X2Most Gracious Sovereign,We, 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 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:—

Annotations:

Commencement Information

I1Act partly in force at Royal Assent, partly prospective, partly retrospective, see individual sections. All provisions so far as unrepealed wholly in force at 1.2.1991. Some provisions came into force at specific times of the day.

Editorial Information

X1ss. 1-3, 5-7, 10, 98(1)(6), Schs. 1, 3, 4, 27 Pt. I from Gp 40:1(Customs and Excise), ss. 11-33, 98(1)(6), Schs. 6-8, 27 Pt. IV from Gp 40:2(Customs and Excise), ss. 4, 9, 98(1)(6), Schs. 2, 27 Pt. II from Gp 107:2(Road Traffic), ss. 8, 10(5)-(7), 98(1)(6), Schs. 5, 27 Pt. III from Gp 12:2(Betting, Gaming and Lotteries), ss.34-66, 73-77, 90-92, 93, 96, 98(1)-(3)(5)(6), Schs. 9-18, 22, 23, 25, 27 Pts. V, VI, VIII, X from Gp 63:1(Income, Corporation and Capital Gains Taxes), ss. 67-72, 95, 98(1)-(3)(6), Schs 19-21, 27 Pt. VII from Gp 63:2(Income, Corporation and Capital Gains Taxes), ss. 78-89, 98(1)(4)(6), Schs. 24, 27 Pt. IX from Gp 114(Stamp duty), ss. 94, 95, 98(1)(6), Schs. 26, 27 Pt. XI from Gp 65(Inheritance Tax), ss. 97, 98(1) from Gp 99:7(Public Finance and Economic Controls)

X2General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

Page 1 of 17

Next

First page 1 2 3 4 5 6 7 8 9 10 11 Last page