Finance Act, 1920

Amendment of s. 45 of 10 Edw. 7. c. 8.

8. Section forty-five of the Finance (1909–10) Act, 1910 (which provides for the reduction of licence duty in the case of hotls and restaurants), shall have effect as respects any licence granted for the year commencing on the twenty-ninth day of May nineteen hundred and twenty, or for a year commencing on any later date, as if for the words “two-fifts” and “one-third,” in subsection (1) thereof, there were, respectively, substituted the words “three-fifths” and “one-half.”