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Finance Act 1946
A Finance Act is the headline fiscal (budgetary) legislation enacted by the UK Parliament, containing multiple provisions as to taxes, duties, exemptions and reliefs at least once per year, and in particular setting out the principal tax rates for each fiscal year. Overview In the UK, the Chancellor of the Exchequer delivers a Budget speech on Budget Day, outlining changes in spending, as well as tax and duty. The changes to tax and duty are passed as law, and each year form the respective Finance Act. Additional Finance Acts are also common and are the result of a change in governing party due to a general election, a pressing loophole or defect in the law of taxation, or a backtrack with regard to government spending or taxation. However, a repeal order can also be made by statutory instrument. The rules governing the various taxation methods are contained within the relevant taxation acts. Capital Gains Tax legislation, for example, is contained within Taxation of Chargeable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Stamp – Inland Revenue
Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been variously described as a science and as the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees and regulations; or established by judges through precedent, usually in common law jurisdictions. Private individuals may create legally binding contracts, including arbitration agreements that adopt alternative ways of resolving disputes to standard court litigation. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. Legal systems vary between jurisdictions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydrocarbon Oil Duties Act 1979
In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and hydrophobic, and their odors are usually weak or exemplified by the odors of gasoline and lighter fluid. They occur in a diverse range of molecular structures and phases: they can be gases (such as methane and propane), liquids (such as hexane and benzene), low melting solids (such as paraffin wax and naphthalene) or polymers (such as polyethylene and polystyrene). In the fossil fuel industries, ''hydrocarbon'' refers to the naturally occurring petroleum, natural gas and coal, and to their hydrocarbon derivatives and purified forms. Combustion of hydrocarbons is the main source of the world's energy. Petroleum is the dominant raw-material source for organic commodity chemicals such as solvents and polymers. Most anthropogenic (human-generated) emissions of greenhouse gases are carbon dio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George V Of The United Kingdom
George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936. Born during the reign of his grandmother Queen Victoria, George was the second son of Albert Edward, Prince of Wales, and was third in the line of succession to the British throne behind his father and his elder brother, Prince Albert Victor. From 1877 to 1892, George served in the Royal Navy, until the unexpected death of his elder brother in early 1892 put him directly in line for the throne. On Victoria's death in 1901, George's father ascended the throne as Edward VII, and George was created Prince of Wales. He became king-emperor on his father's death in 1910. George's reign saw the rise of socialism, communism, fascism, Irish republicanism, and the Indian independence movement, all of which radically changed the political landscape of the British Empire, which itself reache ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward VII Of The United Kingdom
Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom of Great Britain and Ireland and Emperor of India, from 22 January 1901 until his death in 1910. The second child and eldest son of Queen Victoria and Prince Albert of Saxe-Coburg and Gotha, and nicknamed "Bertie", Edward was related to royalty throughout Europe. He was Prince of Wales and heir apparent to the British throne for almost 60 years. During the long reign of his mother, he was largely excluded from political influence and came to personify the fashionable, leisured elite. He travelled throughout Britain performing ceremonial public duties and represented Britain on visits abroad. His tours of North America in 1860 and of the Indian subcontinent in 1875 proved popular successes, but despite public approval, his reputation as a playboy prince soured his relationship with his mother. As king, Edward played a role in the modernisation of the British Home Fleet and the reorganis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Value Tax
A land value tax (LVT) is a levy on the value of land (economics), land without regard to buildings, personal property and other land improvement, improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic efficiency, economic inefficiency, and reduce economic inequality, inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development. LVT is associated with Henry George, whose ideology became known as Georgism. George ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Increment Value Duty
Increment value duty was a UK tax based on The Finance (1909-1910) Act (10 Edw. VII, c.8) - the People's Budget - in response to the unequal ownership of land in the early 20th century. The tax was based on the increase in value of property due to public expenditure on roads, drainage, building of parks, etc. described as unearned increment. The tax was based on the difference between the amount of two valuations. Section 26(1) of the Act required the Board of Inland Revenue to ascertain the site value of all land in the United Kingdom as on 30 April 1909. This value constituted the "datum line" for the purposes of increment value duty. Any subsequent sale or grant of a lease, or transfer of an interest in a piece of land, or the subsequent death of a land-owner, provided the occasion for a potential payment of increment value duty; the site value at that date had then to be determined. It was repealed by the Finance Act 1920. A valuable offshoot of this tax and the Act was the 191 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valuation Map
Valuation may refer to: Economics *Valuation (finance), the determination of the economic value of an asset or liability **Real estate appraisal, sometimes called ''property valuation'' (especially in British English), the appraisal of land or buildings *A distinction between real prices and ideal prices in Marxist theory. *The term valuation function is often used as a synonym to utility function. *The sociology of valuation also takes economic valuation practices as an object of study. * '' Valuation: Measuring and Managing the Value of Companies'' Mathematics *Valuation (algebra), a measure of multiplicity **p-adic valuation, a special case *Valuation (geometry), a generalization of finitely-additive measures *Valuation (logic), an operation on well-formed formulas with the semantics of evaluation *Valuation (measure theory), a tool for constructing outer measures Other uses *Valuation (ethics), the determination of the ethic or philosophic value of an object * For personal val ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Domesday
Domesday Book () – the Middle English spelling of "Doomsday Book" – is a manuscript record of the "Great Survey" of much of England and parts of Wales completed in 1086 by order of King William I, known as William the Conqueror. The manuscript was originally known by the Latin name ''Liber de Wintonia'', meaning "Book of Winchester", where it was originally kept in the royal treasury. The ''Anglo-Saxon Chronicle'' states that in 1085 the king sent his agents to survey every shire in England, to list his holdings and dues owed to him. Written in Medieval Latin, it was highly abbreviated and included some vernacular native terms without Latin equivalents. The survey's main purpose was to record the annual value of every piece of landed property to its lord, and the resources in land, manpower, and livestock from which the value derived. The name "Domesday Book" came into use in the 12th century. Richard FitzNeal wrote in the ''Dialogus de Scaccario'' ( 1179) that the book w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd George
David Lloyd George, 1st Earl Lloyd-George of Dwyfor, (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. He was a Liberal Party (United Kingdom), Liberal Party politician from Wales, known for leading the United Kingdom during the First World War, social reform policies including the National Insurance Act 1911, his role in the Paris Peace Conference (1919–1920), Paris Peace Conference, and negotiating the establishment of the Irish Free State. Early in his career, he was known for the Disestablishment of the Church in Wales, disestablishment of the Church of England in Wales and support of Welsh devolution. He was the last Liberal Party prime minister; the party fell into third party status shortly after the end of his premiership. Lloyd George was born on 17 January 1863 in Chorlton-on-Medlock, Manchester, to Welsh parents. From around three months of age he was raised in Pembrokeshire and Llanystumdwy, Caernarfonshire, speakin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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