Purchase Tax
Purchase Tax was a tax levied between 1940 and 1973 on the wholesale value of luxury goods sold in the United Kingdom. Introduced on 21 October 1940, with the stated aim of reducing the wastage of raw materials during World War II, it was initially set at a rate of 33⅓%. The tax was subsequently set at differing rates dependent upon individual items' degree of "luxury" as determined by the government of the day. The 33⅓% rate was increased to 66% for cars costing over £1000 in 1947 and this rate was extended to all cars from 1951. In 1953 it was reduced to 50%.
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1940 in the United KingdomAlan Ellis (lawyer)Alan McKibbinAnthony_BarberArmstrong Siddeley Sapphire (motor car)Attlee ministryBedford DormobileBerkeley CarsBlue Horizon (record label)Bond MinicarBritish Wireless for the Blind FundCC41Caterham 7Clement_AttleeComplex (English band)Daimler CompanyDaimler RegencyEdwin BrooksEsso Petroleum Co Ltd v Comrs of Customs and ExciseFord Thames 400EFrederick TibbenhamGlyn ColledgeHarold RadfordHealey SilverstoneHistory of taxation in the United KingdomHornseyHugh_GaitskellJackson BrothersJohn Simon, 1st Viscount SimonJowett BradfordJowett CarsJoyce HattoKit carKnock-down kitLand Rover seriesLawrence TurnerList of Statutory Instruments of the United Kingdom, 1954Lotus CarsLotus SevenMG Y-type
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Purchase Tax
Purchase Tax was a tax levied between 1940 and 1973 on the wholesale value of luxury goods sold in the United Kingdom. Introduced on 21 October 1940, with the stated aim of reducing the wastage of raw materials during World War II, it was initially set at a rate of 33⅓%. The tax was subsequently set at differing rates dependent upon individual items' degree of "luxury" as determined by the government of the day. The 33⅓% rate was increased to 66% for cars costing over £1000 in 1947 and this rate was extended to all cars from 1951. In 1953 it was reduced to 50%.
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Purchase Tax was a tax levied ...... rtly afterwards reduced to 8%.
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Purchase Tax was a tax levied ...... In 1953 it was reduced to 50%.
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Purchase Tax
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