Hide Nav Show Nav
SOLR_PROP

Finance Act, 1965

Exports relief.

33.(1) In this section “the Act” means the Finance (Miscellaneous Provisions) Act, 1956 .

(2) In subparagraph (b) of the definition of “accounting period” substituted in subsection (2) of section 28 of the Finance Act, 1960 , “the 6th day of April, 1970” shall be substituted for “the 6th day of April, 1965”.

(3) Where, apart from the provisions of this section, a company is entitled to claim relief under Part III of the Act, by virtue of subsection (2) of section 29 of the Finance Act, 1960 , in respect of any accounting period or part of an accounting period ending before the 6th day of April, 1975, the company may, in lieu of such relief, claim relief under subsection (1) or subsection (3) of section 13 of the Act as if that accounting period or part of an accounting period were an accounting period within the meaning of section 10 of the Act.

(4) Where a company has obtained relief under Part III of the Act by virtue of subsection (3) of this section and is subsequently entitled to relief under subsection (2) of section 29 of the Finance Act, 1960 , the last-mentioned relief shall be granted as if any accounting period or part of an accounting period in respect of which relief has been given by virtue of subsection (3) of this section was within the period comprising the company's accounting periods within the meaning of section 10 of the Act:

Provided that no relief shall be given in respect of any accounting period or part of an accounting period beginning later than fifteen years after the day as from which the company first was entitled to claim relief under Part III of the Act or in respect of any accounting period or part of an accounting period beginning after the 5th day of April, 1980.