Finance Act, 1989

Amendment of section 8 (accountable persons) of Principal Act.

55.—Section 8 of the Principal Act is hereby amended—

(a) in subsection (3) (inserted by the Act of 1978) by the substitution—

(i) in paragraph (b) (inserted by the Finance Act, 1982 ) of “£15,000” for “£12,000” (inserted by the Finance Act, 1983 ),

(ii) in paragraph (c) (inserted by the Finance (No. 2) Act, 1981) of “£32,000” for “£25,000” (inserted by the Finance Act, 1983 ), and

(iii) in paragraph (e) (inserted by the Finance Act, 1984 ) of “£15,000” for “£12,000”,

(b) in subsection (3A) (inserted by the Finance Act, 1982 ), by the substitution of “£15,000” for “£12,000” (inserted by the Finance Act, 1983 ), and

(c) in subsection (9) (inserted by the Act of 1978), in the definition of “farmer” (inserted by the Finance Act, 1982 ), by the substitution of “£15,000” for “£12,000” (inserted by the Finance Act, 1983 ) in each place where it occurs.