# A. 27
# REPORT ON INLAND REVENUE FOR THE YEAR 1938
The four heads of Inland Revenue are Betting Duty, Entertainment Tax, Estate Duty and Stamp Duties.
After allowing for refunds, revenue for the years 1937 and 1938 amounted to :—
1937 1938 Betting Duty 133,047.67 238,274.89 Entertainment Tax 238,343.85 320,027.86 Estate Duty 1,383,251.40 1,220,854.17 Stamp Duties 2,130,186.38 2,324,948.76 Totals...... $3,884,829.30 $4,104,105.68There were no new enactments passed during the year affecting Inland Revenue.
As a result of the resolution of the Legislative Council dated 15th December, 1937, under the Betting Duty Ordinance, 1931, to change the rate of duties from a sliding scale to a fixed rate of 2% with effect from 1st April, 1938, the additional sum of $18,479.62 accrued to revenue.
There were no prosecutions or penalties under the Betting Duty or Entertainment Tax Ordinances during the year.
There were 213 convictions in connection with Stamp Duties, as compared with 118 during 1937. Fines imposed amounted to $6,096.00.
Penalties for late stamping inflicted by the Collector of Stamp Revenue during 1938 amounted to $640.80. Details are given below.
Agreements Receipts Promissory Notes Partnership Instrument Power of Attorney Guarantees Total $262.00 15.80 3.00 100.00 50.00 210.00 $640.80The Estate Duty Commissioner imposed penalties amounting to $7,693.35 during 1938, as compared with $6,284.20 during 1937.
One appeal, under Section 16 of the Estate Duty Ordinance, was heard by the Governor-in-Council during 1938. A remission of the penal duties claimed by the Estate Duty Commissioner under Section 12 was allowed.
An Assistant Crown Solicitor, Mr. W. A. Jones was seconded to the Treasury departments in October 1938. His main function during the remainder of the year was to advise on legal questions connected with the Estate Duty and Stamp Duty Ordinances. In November 1938 Mr. Jones was appointed Deputy Estate Duty Commissioner and Assistant Collector of Stamp Revenue.
Statistical summaries of Stamp Duty and Estate Duty receipts are shown in the appendices to this report.
C. BRAMALL BURGESS, Superintendent of Inland Revenue.
13th February, 1939.
- A 27
A.
ON INLAND REVENUE FOR THE YEAR 1938.
The four heads of Inland Revenue are Betting Duty, Entertainment Tax, Estate Duty and Stamp Duties.
After allowing for refunds, revenue for the years 1937 and 1938 amounted to :—
1937.
1938.
Betting Duty
133,047.67
238,274.89
Entertainment Tax
238,343.85
320,027.86
Estate Duty
1,383,251.40
1,220,854.17
Stamp Duties
2,130,186.38
2,324,948.76
$4,104,105.68
Totals......$3,884,829,30
There were no new enactments passed during the year affecting Inland Revenue.
As a result of the resolution of the Legislative Council dated 15th December, 1937, under the Betting Duty Ordinance, 1931, to change the rate of duties from a sliding scale to a fixed rate of 2% with effect from 1st April, 1938, the additional sum of $18,479.62 accrued to revenue.
There were no prosecutions or penalties under the Betting Duty or Entertainment Tax Ordinances during the year.
There were 213 convictions in connection with Stamp Duties, as compared with 118 during 1937. Fines imposed amounted to $6,096.00.
Penalties for late stamping inflicted by the Collector of Stamp Revenue during 1938 amounted to $640.80. Details are given below.
Agreements Receipts Promissory Notes
Partnership Instrument
Power of Attorney Guarantees
Total
$262.00
15.80
3.00
100.00
50.00
210.00
$640.80
The Estate Duty Commissioner imposed penalties amounting to $7,693.35 during 1938, as compared with $6,284.20 during 1937.
One appeal, under Section 16 of the Estate Duty Ordinance, was heard by the Governor-in-Council during 1938. A remission of the penal duties claimed by the Estate Duty Commissioner under Section 12 was allowed.
An Assistant Crown Solicitor, Mr. W. A. Jones was seconded to the Treasury departments in October 1938. His main function during the remainder of the year was to advise on legal questions connected with the Estate Duty and Stamp Duty Ordinances. In November 1938 Mr. Jones was appointed Deputy Estate Duty Commissioner and Assistant Collector of Stamp Revenue.
Statistical summaries of Stamp Duty and Estate Duty receipts are shewn in the appendices to this report.
C. BRAMALL BURGESS, Superintendent of Inland Revenue.
13th February, 1939.
No comments yet.
Private notes are available after approval.