Finance Act, 1970

Amendment of section 141 of Income Tax Act, 1967.

10.Section 141 of the Income Tax Act, 1967 , is hereby amended by the substitution of the following proviso for the proviso to subsection (1A) (a) (inserted by the Finance Act, 1969 ):

“Provided that where the claimant is or would on due application be entitled throughout the year of assessment to a children's allowance in respect of more than one child, the deduction to be given under subsections (1) and (2) shall—

(i) in the case of one such child be reduced by £15, and

(ii) in the case of any such children in excess of two, be reduced by £19 each for the year 1970-71 and by £23 each for any subsequent year.”.