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Contents

Legislation
Finance Act 1994
  • Introduction
  • Part I Customs and Excise
  • Part II Value Added Tax
  • Part III Insurance Premium Tax
  • Part IV Income Tax, Corporation Tax and Capital Gains Tax
  • Part V Oil Taxation
  • Part VI Stamp duty
  • Part VII Inheritance Tax
  • Part VIII Miscellaneous and General
  • SCHEDULE 1 Table of rates of duty on wine and made-wine
  • SCHEDULE 2 Vehicles excise duty: miscellaneous provisions
  • SCHEDULE 3 Amendments about gaming machine licence duty
  • SCHEDULE 4 Penalties for statutory contraventions
  • SCHEDULE 5 Decisions subject to review and appeal
  • SCHEDULE 5A Air passenger duty: territories etc
  • SCHEDULE 6 Air passenger duty: administration and enforcement
  • SCHEDULE 6A Premiums liable to tax at the higher rate
  • SCHEDULE 7 Insurance premium tax
  • SCHEDULE 7A INSURANCE PREMIUM TAX: CONTRACTS THAT ARE NOT TAXABLE
  • SCHEDULE 8 Supplemental provisions relating to personal reliefs
  • SCHEDULE 9 Mortgage interest relief etc.
  • SCHEDULE 10 Medical insurance
  • SCHEDULE 11 Extension of roll-over relief on re-investment
  • SCHEDULE 12 Indexation losses: transitional relief
  • SCHEDULE 13 Employee share ownership trusts
  • SCHEDULE 14 Distributions of authorised unit trusts
  • SCHEDULE 15 Enterprise investment scheme
  • SCHEDULE 16 Foreign income dividends
  • SCHEDULE 17 Minor corrections
  • SCHEDULE 18
  • SCHEDULE 19 Management: other amendments
  • SCHEDULE 20 Changes for facilitating self-assessment: transitional provisions and savings
  • SCHEDULE 21 Lloyd’s underwriters: individuals
  • SCHEDULE 22 Supplementary provisions as to elections by reference to pipe-line usage
  • SCHEDULE 23 Amendments of the principal Act relating to valuation of light gases
  • SCHEDULE 24 Provisions relating to the Railways Act 1993
  • SCHEDULE 25 Northern Ireland Airports Limited
  • SCHEDULE 26 Repeals
  1. Finance Act 1994
  2. Introduction

Introduction

From legislation.gov.uk

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.

[3rd May 1994]

Most 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:—

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