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OF THE UNITED KINGDOM OF
GREAT BRITAIN AND IRELAND:
PASSED IN THE
FORTY-EIGHTH AND FORTY-NINTH YEARS
OF THE REIGN OF HER MAJESTY
At the Parliament begun and holden at Westminster, the 29th Day of
April, Anno Domini 1880, in the Forty-third Year of the Reign of
Kingdom of Great Britain and Ireland Queen, Defender of the Faith:
MENT of the United Kingdom of GREAT BRITAIN and IRELAND.
PRINTERS TO THE QUEEN'S MOST EXCELLENT MAJESTY.
PUBLISHED BY F. E. STREETEN. PROPRIETOR OF THE LAW JOURNAL REPORTS,
AT No. 5, QUALITY COURT, CHANCERY LANE, LONDON.
ABSTRACT OF THE ENACTMENTS. 1. Short title. 2. Grant of additional duties of income tax. 3. Provisions for securing additional duties on dividends, 8c., and as to right of deduction. 4. Application of existing enactments to additional duty.
An Act to grant to Her Majesty additional Rates of Income Tax.
(1st December 1884.)
described as chargeable in the Act of the sixteenth and seventeenth years of Her Majesty's reign, chapter thirty-four, the following duties of income tax (that is to
Most Gracious Sovereign, WE, Your Majesty's 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 rates and duties herein-after men. tioned ; 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 Com. mons, in this present Parliament assembled, and by the authority of the same, as follows:
For every twenty shillings of the annual
value or amount of property, profits, and gains chargeable under Schedules (A.), (C.), (D.), or (E.) of the last-mentioned Act the duty of one penny; and for every twenty shillings of the annual value of the occupation of lands, tenements, hereditaments, and heritages chargeable under Schedule (B.) of the last-mentioned Act
the duty of one halfpenny. 3. (1.) In the case of dividends, interest, or other annual profits or gains due or payable half-yearly or quarterly in the course of the said year which commenced on the sixth day of April one thousand eight hundred and eighty-four, the following provisions shall have effect:(a.) Where one of the half-yearly payments
or two of the quarterly payments shall have been made prior to the passing of this Act, the other half-yearly payment or quarterly payments shall be charged with the additional duty of two pence for every twenty shillings of the amount
thereof: (6.) Where three of the quarterly payments shall have been made prior to the passing
1. This Act may be cited as the Additional Income Tax Act, 1884.
2. In addition to the duties of income tax granted by the Customs and Inland Revenue Act, 1884, there shall be charged, collected, and paid for the year which commenced on the sixth day of April one thousand eight hundred and eighty-four in respect of all property, profits, and gains mentioned or
Vol. LXIV.-LAW JOUR. Stat.