Finance Act 2005
Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2005. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes Finance Act 2005 2005 CHAPTER 7 An Act 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. [7th April 2005] 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 to 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 1 EXCISE DUTIES Tobacco products duty 1 Rates of tobacco products duty (1) For the Table of rates of duty in Schedule 1 to the Tobacco Products Duty Act 1979 (c. 7) substitute— “TABLE 1.Cigarettes An amount equal to 22 per cent of the retail price plus £102.39 per thousand cigarettes. 2.Cigars £149.12 per kilogram.
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