The Sun.
London, England, 1842-07-13 00:00:00

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RULES AND REGULATIONS FOR
COLLECTING the INCOME-TAX.
The following is a copy of the official regulations
which will be issued to every parson for the purpose
of assessments of profits in trade, prof4ssions, &c. :--
" County of
" Parish of
~ In pursuance of an Act passed in the sixth year
af the reign of her present Majesty, for granting to
her Majesty duties on profits arising from property,
professions, trades, and occupations, you are hereby
required to fill up such statements as are applicable to
your particular case and deliver the same,-under cover
and seal, at my dwelling-house, situate et or
at the office of the Commissioners, at , within
21 days from the date hereof, under a penalty of 201.,
old treble duty.
... ,
" RULES AND REGULATIONS FOR INCOME.
" The tax under this schedule extends to all trades,
professions, employments, or vocations, *Carried on or
exercise 1 in Great Britain or elsewhere, by persons
residing in Great Britain, or carried on or exercised
n Great Britain by any persons, whether subjects of
`ier Majesty or not, although not resident in Great
Britain, and to every art, mystery, &c., carried on by
them respectively, other than quarries of stone, lime-
;tone, slate, or chalk, coal mines and other mines,
iron works, gas works, salt works, water works, canals,
docks,- Ste., right of markets, fairs, tolls, railways, and
other concerns of a like, nature.
" The balance of profits of trade of manufacture is
to be returned at the place where it is carried on, on
an average of three years preceding; or if set up
within three years, on an average, from the pe-
riod of commencing the same, either ending
on the - day of the year when the annual ac-
counts of the trade have been usually made
up, or on the sth April, 184 ; or, if commenced
within the year of assessment, according to such fair
computation, on average, as to the best of your know-
ledge and belief, you shall state, and shall be directed
by the Commissioners.
"In estimating the profits and gains in trade,
"DEDUCTIONS ARE ALLOWED
" For repairs of premises, or supply or repairs of
implements, utensils, or articles employed, not, exceed-
ing the sum usually expended for such purposes,
according to an average of three years.
"For had debts only, or such part thereof as shall
be proved to the satisfaction of the Commissioner to
e such.
, " For any average loss not exceeding the actual
amount of loss or adjustment. ,
" And for the rent or value of any dwelling-house,
or dothestic offices, used for the purpose of trade, a sum
not exceeding two-thirds part of such rent.
"NO DEDUCTIONS ARE ALLOWED
"On account of loss not connected with or arising
out of trade, &c.
" Nor for any sums employed or intended to be
mployed as capital therein.
"Tor on account of capital withdrawn therefrom.
" Nor for any capital employed in improvement of
n-emises not occupied for purposes of trade.
" Nor on account or pretence of any interest which
eight have been made on capital if laid out at interest.
"Nor en account of any annual interest, or any
innuity, or other annual payment, payable out of such
profit's or gains. •. • • - •
" Nor for any 'sum recoverable undet an insur-
vice or contract of indemnity. • - :.• .
" Nor for any disbursements or expenses which
hall not be money wholly and exclusiiely laid out
or trade,-&c: - - - .'
Nor for any disbursements Or expense of, main-
-enance of the parties, their families, or establishments.
" Nor for any sum expended in any other domestic
or private purposes distinct from the purposes of trade.
' The profits on professions, &c., are to be returned
in the amount of the preceding yeat, ending as be-
'ore ; subject to the like provision with respect to
;hose profits as to profits on trade, or the setting up
,within the year of assessment.
"The profits on all securities bearing interest pay-
dile out of the public revenue (except annuities, divi-
lends, and shares payable out of any publid revenue,
or the interest o' East India Bonds . otherwise
charged), and all discounts and interest of money, not
being annual interest, payable or paid by any person
whatever, are to be returned on the full amount of
profits and gains arising therefrom within the pre-
ceding. year.
" The profit from foreign possessions and secu-
rities, or in the British plantations, or in any other of , .
her Majesty's dominions, may be stated to and
assessed by the Commissioners of London, Bristol,
Liverpool, and Glasgow, or nearest to such place
where the property shall have been imported, or the j
persons receiving the remittances or value thereof re • I
side ; or, if imported or received in different parts, or 1
in two or mare of the outports above-mentioned, the
whole profits are to be returned at each port ; but
they are to he assessed upon the aggregate amount
at each port only where the mayor part of the value
has been imported or received.
" The returns of profits arising in any other manner
than as above described, comprehending every possi-
We source of profit, of whatever nature or kind (not
particularly described in the other parts of the Act),
may either be formed on an average of years, if in
their nature these profits are uncertain in their annual 1
amounts, on the profits of the preceding year.,
" The Act imposes the obligation of making returns
not only on individuals for whose benefits the profits
are received, but also on trustees, &c., receiving the
properties of others; and state in what capacity you
make the return, whether on your account, or as 1
trustee of any description for another, or as officer of
any corporation or company ; and, acting in that ca-
pacity, you are liable to the same penalty for not
making a due return of the profits you are accountable
for as for your own profits. •
" You are not required to make any . return of an-
unities, &c., payable in Great Britain out of any
public revenues, or of the interest on East India
bonds, the duties of which are to be retained by the
respective Corporations or Companies trusted with
the payment of the same, unless the half-yearly pay-
ment of dividend does not amount to fifty shillings ;
nor are you required to make any return of rents, an-
nuities, or interests of money, and other .Annual pay-
ments payable to you by others residing in this
kingdom (unless such payments are derived from pro-
perty out of Great Britain), they being chargeable
on the party by whom the payment is to be made,
and will ultimately fall on you by way of deduction
from the amount at the time the payment is made,
without a particular assessment."
GENERAL DECLARATION.
" I —, do hereby declare, that all the particulars
required in this notice, to be returned as appertaining
to me in relation to the duties on profits of property,
trade, or profession contained in schedule ---, are in
every respect fully and truly stated, according to the
best of my judgment and belief, and according to the
rules and regulaiions of the Act of Parliament in that
belief made.—Dated -this -- day of —, 184—.
(Signed) .
OVERTHROW OF THE INCOME-