Finance Act, 1971

Excise duties on registration of firearms dealers.

52.Section 41 of the Finance Act, 1925 , is hereby amended—

(a) by the substitution of “twenty-five pounds” for “one pound” in subsection (1),

(b) by the insertion in subsection (2) after “imposed by” of “subsection (1) of”, and

(c) by the insertion after subsection (2) of the following subsections:

“(3) In lieu of the duty imposed by subsection (1) of this section, an excise duty of three pounds shall be charged, levied and paid on the occasions hereinafter mentioned on and by every person who after the passing of the Finance Act, 1971, becomes registered in any register of firearms dealers established and kept under the Firearms Act, 1925 , and whose registration is made subject to the condition that he confines his dealings asa firearms dealer to the purchase and sale of ammunition for shotguns, for unrifled air guns and for rifled firearms of a calibre not exceeding.22 inches.

(4) The excise duty imposed by subsection (3) of this section shall be charged, levied and paid upon registration in any such register as aforesaid subject to the condition aforesaid and also upon every renewal of any such registration.”.