The Inland Revenue Repeal Act 1870 (33 & 34 Vict. c. 99) was an act of the Parliament of the United Kingdom that repealed various enactments relating to duty taxes in the United Kingdom from 1764 to 1868.
In 1870, bills were introduced to amend and consolidate the law that had evolved over the last century relating to stamp duty and other inland revenue.
The Stamp Duties Bill â "for granting certain Stamp Duties in lieu of Duties of the same kind now payable under various Acts, and consolidating and amending provisions relating thereto" â contained no repeals of previous statutes, concerning Members of Parliament, including Robert Bourke . However, in Parliament, the Chancellor of the Exchequer, Robert Lowe , said that upon the passing of that bill, there would have to be brought in another bill to do so.
Leave to bring in a Draft Stamp Duty Consolidation Bills to the House of Commons was granted to the John George Dodson , Chancellor of the Exchequer, Robert Lowe and James Stansfeld on 12 April 1870, following resolutions of the Committee of ways and means.
The Inland Revenue Acts Repeal Bill had its first reading in the House of Commons on 26 May 1870, presented by the Chancellor of the Exchequer, Robert Lowe . The bill had its second reading in the House of Commons on 12 July 1870 and was committed to the same committee of the whole house as the same time as the Stamp Duties Bill and the Stamp Duties Management Bill Bill, which met and reported on 4 August 1870, without amendments. The bill had its third reading in the House of Commons on 5 August 1870 and passed, without amendments.
The bill had its first reading in the House of Lords on 5 August 1870. The bill had its second reading in the House of Lords on 8 August 1870 and was committed to a committee of the whole house, which met and reported on 8 August 1870, with amendments. The amended bill had its third reading in the House of Lords on 9 August 1870 and passed, without amendments.
The bill was granted royal assent on 10 August 1870.
The Stamp Act 1870 (33 & 34 Vict. c. 97) and the Stamp Duties Management Act 1870 (33 & 34 Vict. c. 98) were passed at the same time to amend and consolidate the law that had evolved over the last century relating to stamp duty and other inland revenue. These acts represented the beginning of a larger process to reform stamp duty law.
The Stamp Act 1891 (54 & 55 Vict. c. 38) and the Stamp Duties Management Act 1891 (54 & 55 Vict. c. 39) were passed in 1891 to amend and consolidate the law relating to stamp duty and other inland revenue, rendering these acts obsolete.
The act was repealed by section 1(1) of, and schedule 1 to, the Statute Law Revision Act 1950.
Section 1 of the act specified the repeals would take effect from 1 January 1871.
Section 2 of the act repealed over 100 enactments, listed in the schedule to the act. Section 2 of the act included several safeguard to ensure that past actions, stamp duties, and ongoing legal proceedings under those laws remain valid. This preserved the effects of the repealed laws up until 1 January 1871, when the repeal took effect.