Finance Act, 1970
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PART V Turnover Tax | ||
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Rate of turnover tax. |
49.—(1) The Finance Act, 1963 , is hereby amended— | |
(a) by the substitution in section 53 (1) of “five per cent.” for “two and one-half per cent.”, | ||
(b) by the insertion in section 53 (2) (a) after “5s.” of “together with two and one-half per cent. of the taxable turnover”, | ||
(c) by the substitution in section 53 (2) (b) of “£2 15s. 0d.” for “5s.”, and | ||
(d) by the substitution in section 64 (1) of “five per cent.” for “two and one-half per cent.”. | ||
(2) This section shall have, and be deemed to have had, effect as on and from the 1st day of May, 1970. |