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Finance Act, 1965

PART VI.

Turnover Tax.

Amendment of section 47 of Finance Act, 1963.

36.The following subsection is hereby, with effect as on and from the 12th day of May, 1965, substituted for subsection (4) of section 47 of the Finance Act, 1963 :

“(4) Where goods are supplied or services are provided by a club or other body of persons in respect of a payment of money by any of its members, then, for the purposes of this Part of this Act,—

(a) in the case of supply of goods, the supply shall be treated as being a sale of the goods in the course of business, the money as being money received in respect of the sale and the club or other body of persons as being the seller, and

(b) in the case of provision of services, the provision shall be treated as being in the course of business.”