The Income Tax Act 1806 (46 Geo. 3. c. 65) was an act of the Parliament of the United Kingdom that granted additional wartime rates of income tax on profits arising from property, professions, trades and offices in Great Britain, raising the maximum rate of the tax to ten per cent, and consolidated the provisions for collecting it.
Provisions Section 2 of the act repealed the whole of the Income Tax (No. 2) Act 1805 (45 Geo. 3. c. 49), except the deductions, exemptions and abatements which might be claimed from any assessment of the duties made for a year before the commencement of this act, and except the penalties and forfeitures contained in that act, and the provisions for their recovery..
Subsequent developments Section 227 of the act provided that it, and the duties it granted, should continue in force only during the war then being fought against France and until the sixth day of April next after the ratification of a definitive treaty of peace. Following the ratification of the Treaty of Paris (1815) in November 1815, the House of Commons rejected the government's proposal to continue the income tax beyond the coming expiry of the wartime acts, voting against renewal on 18 March 1816 after a large petitioning campaign; the tax accordingly lapsed at the end of the tax year on 5 April 1816.
The whole act was repealed by section 1 of, and the schedule to, the Statute Law Revision Act 1872 (35 & 36 Vict. c. 63), which came into force on 6 August 1872.
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