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Session 1998-99
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Finance Bill
 
 

[NOTE: This Bill has been certified by the Speaker as a Money Bill.]

 
 
A

B I L L

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.

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:-
 

  PART I
  EXCISE DUTIES
 
Alcoholic liquor duties
Rate of duty on sparkling cider.     1. - (1) In section 62(1A)(a) of the Alcoholic Liquor Duties Act 1979 (rate of duty per hectolitre on sparkling cider of a strength exceeding 5.5 per cent.), for "£45.05" there shall be substituted "£161.20".
 
      (2) This section shall be deemed to have come into force at 6 o'clock in the evening of 9th March 1999.
 
 
Hydrocarbon oil duties
Rates of duty and rebate on hydrocarbon oil.     2. - (1) In section 6(1A) of the Hydrocarbon Oil Duties Act 1979 (rates of duty on hydrocarbon oil)-
 
 
    (a) in paragraph (a) (light oil), for "£0.4926" there shall be substituted "£0.5288";
 
    (b) in paragraph (b) (ultra low sulphur diesel), for "£0.4299" there shall be substituted "£0.4721"; and
 
    (c) in paragraph (c) (heavy oil which is not ultra low sulphur diesel), for "£0.4499" there shall be substituted "£0.5021".
      (2) In section 8(3) of that Act (road fuel gas), for "£0.2113" there shall be substituted "£0.1500".
 
      (3) In section 11(1) of that Act (rebate on heavy oil)-
 
 
    (a) in paragraph (a) (fuel oil), for "£0.0218" there shall be substituted "£0.0265"; and
 
    (b) in each of paragraphs (b) and (ba) (gas oil which is not ultra low sulphur diesel and ultra low sulphur diesel), for "£0.0282" there shall be substituted "£0.0303".
      (4) In section 13A(1A) of that Act (rebate on unleaded petrol)-
 
 
    (a) in paragraph (a) (higher octane unleaded petrol), for "£0.0050" there shall be substituted "£0.0055"; and
 
    (b) in paragraph (b) (other unleaded petrol), for "£0.0527" there shall be substituted "£0.0567".
      (5) In section 14(1) of that Act (rebate on light oil for use as furnace fuel), for "£0.0218" there shall be substituted "£0.0265".
 
      (6) This section shall be deemed to have come into force at 6 o'clock in the evening of 9th March 1999.
 
Increased rebate on higher octane unleaded petrol.     3. - (1) In section 13A(1A)(a) of the Hydrocarbon Oil Duties Act 1979 (rebate on higher octane unleaded petrol), for "£0.0055" there shall be substituted "£0.0367".
 
      (2) This section comes into force on 1st October 1999.
 
Drawback of duty on exportation.     4. - (1) In section 15(1) of the Hydrocarbon Oil Duties Act 1979 (drawback of duty on exportation, shipment as stores or warehousing of hydrocarbon oil and related articles), the word "exportation," shall be omitted.
 
      (2) This section has effect in relation to any exportation on or after the day on which this Act is passed.
 
 
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Prepared 8 July 1999