Exchequer and Local Financial Years Act, 1974
Certain statutory and other references to financial year or local financial year to be references to periods coextensive with calendar year.
2.—(1) This section applies to any statute or statutory instrument (whether passed, made, issued or granted before or after the passing of this Act) to which section 22 of the Interpretation Act, 1889, paragraph (1) of section 5 of the Interpretation Act, 1923 , or paragraph 10 or paragraph 16 of the Schedule to the Interpretation Act, 1937 , applies.
(2) Where a statute or statutory instrument to which this section applies contains—
(a) a reference to a financial year,
(b) a reference to a local financial year,
notwithstanding any other enactment the reference shall, in relation to after the 31st day of December, 1974, be construed and have effect as a reference to a period which is coextensive with a calendar year.
(3) Section 22 of the Interpretation Act, 1889, paragraph (1) of section 5 of the Interpretation Act, 1923 , and paragraphs 10 and 16 of the Schedule to the Interpretation Act, 1937 , shall each cease to have effect except in relation to before the 1st day of January, 1975.
(4) Subsection (3) of this section shall come into operation on the 1st day of January, 1975.