Finance Act, 1982

Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.

81.—(1) Section 12A of the Principal Act (inserted by the Act of 1978) is hereby amended—

(a) in subsection (1), by the substitution of “1.8 per cent.” for “1.5 per cent.” (inserted by the Act of 1981), and

(b) by the substitution of the following subsection for subsection (2)—

“(2) In this Act ‘flat-rate farmer’ means a farmer who is not a taxable person and, in relation to the supplies specified in the definition of ‘farmer’ in section 8(9), includes a person who in accordance with section 8 (3A), is deemed not to be a taxable person.”.

(2) Subsection (1)(a) of this section shall have, and be deemed to have had, effect as on and from the 1st day of May, 1982.