Finance Act 2019

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

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

(a) in subsection (1)(a), by substituting “50,000 hectolitres” for “40,000 hectolitres”,

(b) in subsection (3)(b)(ii), by substituting “100,000 hectolitres” for “80,000 hectolitres”, and

(c) in subsection (4)(b), by substituting “50,000 hectolitres” for “40,000 hectolitres”.

(2) Subsection (1) shall come into operation on 1 January 2020.