1927-28. TABLE IX showing how the Estimated RECEIPTS from Revenue in 1927-28 compare with the corresponding Receipts in 1926-27. TABLE X. (continued).-SHOWING THE PROPOSED CHANGES IN TAXATION. On any number in a box not exceeding 80 ... ... per lb. per lb. ... per lb. per standard gross of 10,000 matches per standard gross of 10,000 matches 3 4 NOTE. All the above changes to take effect from 12th April, 1927, except the increased duties on wine which will be operative from 25th April, 1927. Motor Car and Motor Cycle Tyres. CUSTOMS. It is proposed to repeal the exemption in favour of tyres from the duty of 33} per cent. ad valorem on the component parts and accessories of motor cars and motor cycles, with effect from 12th April, 1927. Blank Cinematograph Film. It is proposed to bring all photographic sensitised sheets or strips of celluloid or other similar material which are not less than 12 feet in length, whatever their width, within the duty of d. per linear foot of standard width on blank cinematograph film as from 12th April, 1927. Beer. EXCISE. It is proposed to reduce the period of credit allowed to brewers for payment of the duty on home-made beer from two months to one month. Translucent Pottery. II.-New Duties, CUSTOMS. It is proposed to levy a duty on and after 19th April, 1927, for a period of five years, on imports of tableware, or component parts thereof, of translucent or vitrified pottery at the rate of 28s. per cwt., with a preferential rebate of one-third in favour of Empire goods. British Wines. EXCISE. It is proposed to impose a duty of 1s. per gallon on British wines sent out by makers for sale on and after 25th April, 1927. Estate Duty. B.-INLAND REVENUE. It is proposed to terminate the relief granted in connection with estate duty to certain settled property by section 16 of the Finance Act, 1907. Stamps. Relief is to be allowed from Companies Capital Duty and Transfer Duty in certain cases of reconstruction and amalgamation of Public Companies. Income Tax. (a) Literary and Dramatic Royalties. It is proposed to strengthen the law so as to secure collection of tax on Literary and Dramatic Royalties paid to non-residents. (b) Charities. It is proposed to relieve from Income Tax, Schedule D, any profits earned by a charity in carrying out the primary object of the trust. (c) Taxation of Interest. It is proposed to alter the law relating to the payment to the Exchequer of tax deducted from certain interest with consequential effects in cases of liquidations and bankruptcies. (d) Payment of Income Tax, Schedule A. It is proposed that the Income Tax, Schedule A, which is at present payable in two equal instalments, one on 1st January and the other on 1st July, should be payable in one sum on 1st January. Super-Tax. It is proposed to strengthen the law in regard to income from certain companies. and other matters. |