HC Deb 06 April 1948 vol 449 c89
1. The provisions of this Part of this Table shall have effect for the construction of Part II thereof.
2. The words "First", "Second" and "Third" indicate the first, second and third rates of purchase tax.
3. The first, second and third rates of purchase tax are respectively one-third, two-thirds and one hundred per cent. of the wholesale value of the goods.
4. Where goods are chargeable under the following provisions of this Table at more than one rate of tax, purchase tax shall be chargeable in respect of those goods at the higher or highest of those rates.
5. The expression "exempt" means exempt from all charge of purchase tax.
6. The expression "utility" in relation to any goods means goods which, under any enactment made by the Board of Trade, are duly marked with a mark defined as the utility mark by any such enactment.
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