Finance (Local Property Tax) Act 2012 section 159

Extension of certain Acts

Section 159 extends the scope of two existing pieces of legislation so that they apply to local property tax.

• The Provisional Collection of Taxes Act 1927 is amended to include local property tax within its scope.
• This allows local property tax to be collected on a provisional basis once announced in a Budget, before the Finance Act is formally enacted.
• The Inland Revenue Regulation Act 1890 is amended to include local property tax alongside residential property tax.
• This ensures that the administrative and regulatory framework under both Acts applies to local property tax in the same way as it does to other taxes already covered.