Finance Act 2014

Amendment of section 78A of Finance Act 2003 (relief for small breweries)

59. (1) Section 78A of the Finance Act 2003 is amended—

(a) in subsection (1) by substituting “30,000 hectolitres” for “20,000 hectolitres” in each place,

(b) in subsection (3)(b)(ii) by substituting “60,000 hectolitres” for “40,000 hectolitres”, and

(c) in subsection (4)(b) by substituting “30,000 hectolitres” for “20,000 hectolitres”.

(2) Subsection (1) comes into operation on 1 January 2015.