Finance Act, 1964

Deductions for directors' remuneration.

27.—In respect of every accounting period ending after the 31st day of December, 1963, proviso (c) to subsection (2) of section 53 of the Finance Act, 1920 , and subsection (4) of section 36 of the Finance Act, 1941 , shall be construed and have effect as if for the words “one thousand five hundred pounds” there were substituted the words “two thousand five hundred pounds”.