Hyperlawhypertext legal database Finance Act 1992 current to 2014-12-01

UKPGA-1992-20 Finance Act 1992 UK

Current to 2014-12-01

Contents
preamble

Most Gracious Sovereign,

Paragraph

Most Gracious Sovereign,

Excise duties

s. 1 — Spirits, beer, wine, made-wine and cider.
s. 1(1)

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

s. 1(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 ”.

s. 1(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.

s. 1(4)

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

s. 1(5)

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

s. 2 — Tobacco products.
s. 2(1)

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

s. 2(2)

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

s. 3 — Hydrocarbon oil.
s. 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.

s. 3(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.

s. 3(3)

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

s. 3(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 ”.

s. 3(5)

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

s. 4 — Vehicles excise duty.
s. 4(1)

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s. 4(2)

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s. 4(3)

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s. 4(4)

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s. 4(5)

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s. 5 — General betting duty.
s. 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. ”

s. 5(2)

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

Value added tax

s. 6 — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
s. 7 — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Car tax

s. 8 — Reduction of rates.

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Income tax

s. 9 — Lower rate.

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s. 10 — Charge etc. for 1992-93.

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General

s. 11 — Short title and interpretation.
s. 11(1)

This Act may be cited as the Finance Act 1992.

s. 11(2)

In this Act “the Taxes Act 1988” means the Income and Corporation Taxes Act 1988.

Sch 1

Table of rates of duty on wine and made-wine