Finance (No. 2) Act, 1981

Transitional provisions.

15.—A person who, immediately before the passing of this Act, was a taxable person and who, upon such passing, would not, unless he so elected under section 8 (3) of the Principal Act, be such a person, shall, upon such passing, be deemed to have so elected and shall be a taxable person until the time when the election is cancelled or he permanently ceases to supply taxable goods and services, whichever is the earlier.