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Common Purse Agreement

Index Common Purse Agreement

The Common Purse Agreement entitles the Isle of Man to a share in the United Kingdom's Customs and Excise revenues in return for being in customs union with the UK and not charging any import duties on goods from the UK, or that have been imported through the UK. [1]

15 relations: Act of Parliament, Act of Tynwald, Consolidated Fund, Customs union, Dumping (pricing policy), European Union, Good governance, HM Customs and Excise, Hydrocarbon Oil Duty, Isle of Man, Isle of Man Act 1958, Royal Commission on the Constitution (United Kingdom), Tynwald, United Kingdom, Value-added tax.

Act of Parliament

Acts of Parliament, also called primary legislation, are statutes passed by a parliament (legislature).

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Act of Tynwald

An Act of Tynwald is a statute passed by Tynwald, the parliament of the Isle of Man.

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Consolidated Fund

"Consolidated fund" or "consolidated revenue fund" is a term used in many countries with political systems derived from the Westminster system to describe the main bank account of the government.

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Customs union

A customs union was defined by the General Agreement on Tariffs and Trade as a type of trade bloc which is composed of a free trade area with a common external tariff.

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Dumping (pricing policy)

Dumping, in economics, is a kind of injuring pricing, especially in the context of international trade.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Good governance

Good governance is an indeterminate term used in the international development literature to describe how public institutions conduct public affairs and manage public resources.

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HM Customs and Excise

HM Customs and Excise (properly known as Her Majesty's Customs and Excise (or His as appropriate), often abbreviated to HMCE) was a department of the British Government formed in 1909 by the merger of HM Customs and HM Excise; its primary responsibility was the collection of customs duties, excise duties, and other indirect taxes.

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Hydrocarbon Oil Duty

Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions for local bus services, some farm and construction vehicles and aviation, which pay reduced or no fuel duty.

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Isle of Man

The Isle of Man (Ellan Vannin), also known simply as Mann (Mannin), is a self-governing British Crown dependency in the Irish Sea between the islands of Great Britain and Ireland.

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Isle of Man Act 1958

The Isle of Man Act 1958 restated the Common Purse Agreement between the United Kingdom and the Isle of Man.

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Royal Commission on the Constitution (United Kingdom)

The Royal Commission on the Constitution, also referred to as the Kilbrandon Commission (initially the Crowther Commission) or Kilbrandon Report, was a long-running royal commission set up by Harold Wilson's Labour government to examine the structures of the constitution of the United Kingdom and the British Islands and the government of its constituent countries, and to consider whether any changes should be made to those structures.

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Tynwald

Tynwald (Tinvaal), or more formally, the High Court of Tynwald (Ard-whaiyl Tinvaal) or Tynwald Court is the legislature of the Isle of Man.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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Value-added tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.

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Redirects here:

Common Purse agreement, Common Purse arrangement, Customs and Excise Agreement.

References

[1] https://en.wikipedia.org/wiki/Common_Purse_Agreement

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