Finance (No. 2) Act, 1966

Applications and amendments.

10.—(1) (a) The provisions (including penalty provisions) of—

(i) Part VI of the Finance Act, 1963 (other than the excepted sections), Part VI of the Finance Act, 1965, and Part VI of the Finance Act, 1966, and

(ii) regulations made before the passing of this Act,

shall, save where the context otherwise requires, apply to the wholesale tax as if that tax were turnover tax charged by virtue of Part VI of the Finance Act, 1963 .

(b) In the foregoing paragraph “the excepted sections” means sections 47 , 48 , 49 , 50 , 51 , 53 and 64 of the Finance Act, 1963 .

(2) Section 52 of the Finance Act, 1963 , is hereby amended by the insertion at the end of subsection (1) of the following paragraphs:

“(o) the particulars to be furnished by a manufacturer who is not an accountable person in relation to wholesale tax in support of his application to be treated as such an accountable person and the conditions on which he may be so treated,

(p) procedures for granting relief from wholesale tax in respect of taxable goods sold at current retail prices,

(q) procedures in relation to wholesale tax whereby—

(i) a purchaser shall notify the seller that he is and continues to be a registered person, and

(ii) a seller shall verify that a purchaser is a registered person at the time of the sale.”

(3) Subsections (2) and (5) of section 57 of the Finance Act, 1963 , are each hereby amended by the insertion of “or subsection (2) of section 4 of the Finance (No. 2) Act, 1966,” after “subsection (3) of section 49 of this Act”.

(4) Subsections (1) and (2) of section 39 of the Finance Act, 1965, are each hereby amended by the insertion of “or subsection (5) of section 3 of the Finance (No. 2) Act, 1966,” after “subsection (2) of section 48 of the Finance Act, 1963 ,”.