HC Deb 19 May 1952 vol 501 cc198-9

Resolutions reported,

Purchase Tax (intermediate rates)

1. That, in addition to the first, second and third rates of purchase tax, there shall be a first intermediate rate and a second intermediate rate which shall be respectively one-quarter and one-half of the wholesale value of the goods and—

  1. (a) in paragraph (a) of subsection twenty-one of the Finance Act, 1948 (which gives the Treasury power to make orders as to Purchase tax), the reference to the rates of purchase tax provided for by the enactments relating to purchase tax shall include the new rates above referred to and
  2. (b) subject to any order made by the Treasury under the said section twenty-one after the passing of any Act giving effect to this Resolution, in Part I of the Eighth Schedule to the Finance Act, 1948 (as amended), references to the first intermediate rate and to the second intermediate rate shall respectively be substituted for references to the first and second rates in Groups 1 to 7 and in Group 9 (b) (iii);
and effect shall be given to this Resolution as from the fourteenth day of May, nineteen hundred and fifty-two.

Purchase Tax (fur gloves)

2. That, subject to any order made by the Treasury under section twenty-one of the Finance Act, 1948, after the passing of any Act giving effect to this Resolution, gloves made wholly or partly of fur skin (including any skin with fur, hair or wool attached) shall be comprised in paragraph (a) of Group 3 in Part I of the Eighth Schedule to the Finance Act 1948 (as amended) and paragraphs (b) and (c) of that Group shall accordingly be omitted; and effect shall be given to this Resolution as from the fourteenth day of May, nineteen hundred and fifty-two.

Instruction to the Committee on the Finance Bill that they have power to make provision therein pursuant to the said Resolutions.