Finance Act 1916

Finance Act 1916 An Act to grant certain duties of Customs and Inland Revenue (including Excise), to alter other duties, and to amend the Law relating to Customs and Inland Revenue (including Excise) and the National Debt and to make further provision in connexion with Finance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Where the Registrar of Government Stock is satisfied that any Exchequer bond, or any other bond to bearer issued by or on behalf of the Treasury, or any coupon of any such bond has been lost or destroyed, he may, if he thinks fit, and on such conditions as he thinks fit, but subject to any general directions of the Treasury, issue a new bond or coupon on receiving indemnity to his satisfaction against the claims of all persons deriving title under the bond or coupon lost or destroyed. Any order or decree of any court in the United Kingdom whereby the right to transfer or call for a transfer of any Government stock or to receive any dividends thereon is expressed to be vested in any person shall be sufficient authority to the Registrar of Government Stock, to the National Debt Commissioners, to the Director of Savings, and to any savings bank authority to allow the transfer of the stock or to pay the dividends in accordance with the order or decree. An official certified copy interlocutor of any such appointment as is mentioned in section thirteen of the Judicial Factors (Scotland) Act 1889, shall, where any Government stock is specified in such official certified copy interlocutor or in a certificate under seal by the accountant of court produced along with such certified copy interlocutor as belonging to or forming part of the estate under the charge of the person named in the certified copy interlocutor, be deemed for the purposes of this section to be a decree whereby the right to transfer such Government stock is vested in the person so named. Where any Government stock is transferred by virtue of section forty-eight of the Finance (No. 2) Act 1915, on the authority of any probate, confirmation, or letters of administration, or by virtue of this Act on the authority of any order or decree of any court, the Bank of England , the Registrar of Government Stock, any previous Registrar of Government Stock. . ., the National Debt Commissioners, the Director of Savings, the Operator of any relevant systemor the savings bank authority, as the case may be, shall be indemnified and protected, notwithstanding any defect or circumstance whatsoever affecting the validity of such probate, confirmation, or letters of administration, or of such order or decree and in this section “Operator” and “relevant system” have the same meanings as they have in the Uncertificated Securities Regulations 2001. This Act may be cited as the Finance Act, 1916. Preamble omitted under authority of Statute Law Revision Act 1927 (c. 42) Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3 General amendments etc. to Tax Acts (or Income Tax Acts or Corporation Tax Acts as the case may be) made by Taxes Management Act 1970 (c. 9, SIF 63:1), s. 41A(7) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 95(1)(2)), British Telecommunications Act 1981 (c. 38, SIF 96), s. 82(2)(7); Telecommunications Act 1984 (c. 12, SIF 96), s. 72(3); Finance Act 1984 (c. 43, SIF 63:1), ss. 82(6), 85(2), 89(1)(7), 96(1)(7), 98(7), Sch. 9 para. 3(2)(9), Sch. 16 paras. 6, 12 and Finance Act 1985 (c. 54, SIF 63:1), ss. 72(1), 74(5), Sch. 23 para. 15(4), S.I. 1987/530, regs. 11(2), 13(1), 14, Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), ss. 4, 6, 7, 9, 32, 34, 78, 134, 135, 141, 142, 185, 191, 193, 194, 195, 200, 203, 209, 212, 213, 219, 247, 253, 272, 287, 314, 315, 317, 318, 325, 326, 327, 345, 350, 351, 368, 375, 381, 397, 414, 432, 440, 442, 446, 458, 460, 461, 463, 463(2)(3) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 50(2) ), 468, 474, 475, 486, 490, 491, 503, 511, 518, 524, 532, 544, 550, 556, 558, 569, 572, 582, 595, 601, 613, 617, 619, 621, 639, 656, 660, 663, 676, 689, 691, 694, 700, 701, 714, 716, 739, 743, 754, 763, 776, 780, 781, 782, 787, 789, 811, 828, 829, 832, 833, 834, 835, 837, 838, 839, 840, 841, 842, Sch. 2 para. 5, Sch. 4 para. 5, Sch. 13 para. 10, Sch. 16 para. 10, Sch. 21 para. 6, Sch. 26 para. 1, Sch. 27 para. 20, Finance Act 1988 (c. 39, SIF 63:1), ss. 66, 127(1)(6), Sch. 12 para. 6, Capital Allowances Act 1990 (c. 1, SIF 63:1), ss. 28(1), 68(8), 74, 82, 83(5), 148(5), 163(4), 164(2), S.I. 1990/627 and Finance Act 1990 (c. 29, SIF 63:1), s. 25(10) The text of s. 63 was taken from S.I.F. Group 63:1 (Income, Corporation & Capital Gains Taxes), ss. 65–67 was taken from S.I.F. Group 99:3 (Public Finance and Economic Controls: National Debt); the text of s. 69(3) appeared in both S.I.F. Group 63:1 and 99:3; provisions omitted from S.I.F. have been dealt with as referred to in other commentary Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991 General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act Ss. 1–6, 17, 18, 23, 24, 59, 62, 68, 69(2), Schs. 1, 2 repealed by Statute Law Revision Act 1927 (c. 42) Ss. 7, 9 repealed by Finance Act 1948 (c. 49), ss. 13, 82, Sch. 11 Pt. I S. 8 repealed by Finance Act 1923 (c. 14), s. 39(4), Sch. S. 10 repealed by Finance Act 1921 (c. 32), s. 5 Ss. 11, 19 repealed by Finance Act 1924 (c. 21), s. 41, Sch. 3 S. 12 repealed by Finance Act 1957 (c. 49), s. 42(4)(5), Sch. 9 Pt. I Ss. 13, 14 repealed by Finance Act 1920 (c. 18), s. 64(3), Sch. 4 Ss. 15, 16 repealed by Finance Act 1919 (c. 32), s. 38 Sch. 4 Ss. 20, 21 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I S. 22 repealed by Finance Act 1962 (c. 44), s. 34(4)(7), Sch. 11 Pt. II Ss. 25–40, 42, 43, 64 repealed by Income Tax Act 1918 (c. 40), Sch. 7 S. 41 repealed by Finance Act 1917 (c. 31), s. 18(2) S. 44 repealed by Income Tax Act 1918 (c. 40), Sch. 7 and Statute Law Revision Act 1927 (c. 42) Ss. 45–57 repealed by Statute Law Revision Act 1964 (c. 79) S. 58 repealed by National Debt Act 1958 (7 & 8 Eliz. 2 c. 6), s. 17(1), Sch. S. 60 repealed by National Loans Act 1939 (c. 117), s. 5, Sch. 3 S. 61 repealed by Finance Act 1917 (c. 31), s. 34(6) Words substituted by Post Office Act 1969 (c. 48), s. 108(1)(b) Words substituted by S.I. 1967/487, art. 4 1889 c. 39. Definition repealed by Statute Law (Repeals) Act 1986 (c. 12), s. 1(1), Sch. 1 Pt. III 1915 c. 89. Words in s. 67 repealed (28.10.2002) by S.I. 2002/2521, arts. 1(2), 10(2), Sch. 2 Pt. I Words in s. 67 inserted (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 4(a) (with regs. 39, 45) Words in s. 67 added (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 4(b) (with regs. 39, 45) S. 69(1) repealed by Statute Law (Repeals) Act 1971 (c. 52) S. 65 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 1Sch. para. 9(2) (with art. 3) Words in s. 66 substituted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 1Sch. para. 9(3) (with art. 3) Words in s. 67 inserted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 1Sch. para. 9(4) (with art. 3) S. 63 omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 113