FINANCE ACT, 1985

FIRST SCHEDULE Amendment of Enactments

Amendment of Enactments

Section 3.

Amendments Consequential on Changes in Personal Reliefs

1. The Income Tax Act, 1967, is hereby amended in accordance with the following provisions

(a) in section 138—

(i) in paragraph (a), by the substitution of “£3,800” for “£3,600” (inserted by the Finance Act, 1984),

(ii) in paragraph (b), by the substitution of “£2,400” for “£2,300” (inserted by the Finance Act, 1984) and of “£3,800” for “£3,600” (inserted by the Finance Act, 1984), and

(iii) in paragraph (c), by the substitution of “£1,900” for “£1,800” (inserted by the Finance Act, 1984), and

(b) in section 141 (1A), by the substitution, in paragraphs (b) and (c), of “£600” for “£500” (inserted by the Finance Act, 1981) in each place where it occurs.

2. Section 3 of the Finance Act, 1969, is hereby amended, in subsection (1), by the substitution of “£2,500” for “£2,000” (inserted by the Finance Act, 1984) in each place where it occurs.

3. Section 11 of the Finance Act, 1971, is hereby amended, in subsection (2), by the substitution of “£600” for “£500” (inserted by the Finance Act, 1982) in each place where it occurs and of “£1,400” for “£1,200” (inserted by the Finance Act, 1982).

SECOND SCHEDULE Rates of Excise Duty on Tobacco Products

Rates of Excise Duty on Tobacco Products

Section 27.

Description of Product

Description of Product

Rate of Duty

Rate of Duty

Cigarettes

Cigarettes

£33.20 per thousand together with an amount equal to 14.89 per cent. of the price at which the cigarettes are sold by retail.

£33.20 per thousand together with an amount equal to 14.89 per cent. of the price at which the cigarettes are sold by retail.

Cigars

Cigars

£50.296 per kilogram

£50.296 per kilogram

Cavendish or negrohead

Cavendish or negrohead

£50.826 per kilogram

£50.826 per kilogram

Hard pressed tobacco

Hard pressed tobacco

£32.504 per kilogram

£32.504 per kilogram

Other pipe tobacco

Other pipe tobacco

£40.858 per kilogram

£40.858 per kilogram

Other smoking or chewing tobacco

Other smoking or chewing tobacco

£42.443 per kilogram

£42.443 per kilogram