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Excess profits duty

Excess profits duty, a duty imposed by the Finance (No. 2) Act, 1915 (ss. 38-45), on such profits as a business made in a year which were

Entertainment tax

tax, a tax levied on payments for ad-mission to entertainments, first imposed by s. 1(1) of the (English) Finance (New Duties) Act, 1916. 'Entertainment' is defined by s. 1(6). See also Finance (No. 2) Act, 1931 (21

Debtor

76, p. 466. Means the person to whom a motor vehicle is bailed under such an agreement, Shogum Finance Ltd. v. Hudson [HL (E)], (2003) 3 WLR [Hire-Purchase Act, 1964, s. 29(4)] In relation to a motor

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Corn Tax Abolition Act (English)

(32 & 33 Vict. c. 14), s. 4, reimposed under the guise of 3d. per cwt. By the Finance Act,1902 (2 Edw. 7, c. 7), s. 1, but taken off again by the Finance Act, 1903 (3

Accounts duties

reserved a life interest. These duties were in name superseded by the 'Estate Duty' imposed by the (English) Finance Act, 1894 (57 & 58 Vict. C. 30), the property chargeable under the (English) Customs & Inland Revenue

Betting

misdemeanour punishable by imprisonment or fine, or both. Betting duties were imposed by ss. 15-18 of the (English) Finance Act, 1926, but the duties chargeable on bets made with a bookmaker were repealed by the (English) Finance

Levy

and collection of income tax The expression 'levy, assessment and collection of income-tax' in section 13(1) of the Finance Act, 1950, was wide enough to comprehend re-assessment proceedings under section 34 of the Income Tax Act, 1922,

Special purpose vehicle

Special purpose vehicle, means the instruments set up for financing of investments through borrowing not routed through the annual budget of the Government of Rajasthan. [Rajasthan Agricultural Produce

loan

was termed a subject to usury statutes] bridge loan : a short-term loan used as a means of financing a purchase or enterprise prior to obtaining other funds [used a bridge loan to purchase a new home

Quaestor

necessary payments, receiving revenues, keeping accurate accounts, registering debts and fines, supervising the accommodation of foreign ambassadors, and financing the burials and monuments of distinguished citizens, Black's Law Dictionary, 7th Edn., p. 1253. Means the office of

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