Finance Act, 1998
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Amendment of section 8 (taxable persons) of Principal Act. |
108.— Section 8 of the Principal Act is hereby amended in subsection (3)— | |
(a) in paragraph (a): | ||
(i) by the insertion of the following subparagraph after subparagraph (i): | ||
“(ia) goods being livestock semen, the total consideration has not exceeded and is not likely to exceed £40,000 and, in calculating that total consideration, supplies of livestock semen to— | ||
(I) any other farmer licensed as an artificial insemination centre in accordance with the provisions of the Live Stock (Artificial Insemination) Act, 1947 , or | ||
(II) a taxable person over whom that farmer exercises control, | ||
shall be disregarded, or”, | ||
(ii) by the substitution in subparagraph (iii) (inserted by the Act of 1997) of “services specified in subparagraph (i) and either or both of goods of the type specified in subparagraph (ia) and goods of the type specified in subparagraph (ii) supplied in the circumstances set out in that subparagraph” for “services and goods specified in subparagraph (i) and (ii)”, | ||
(iii) by the insertion of “or” at the end of subparagraph (iii), and | ||
(iv) by the insertion of the following after subparagraph (iii): | ||
“(iv) goods of the type specified in subparagraph (ia) and goods of the type specified in subparagraph (ii) supplied in the circumstances set out in that subparagraph, the total consideration has not exceeded and is not likely to exceed £40,000,”, | ||
(b) in subparagraph (ia) (inserted by the Act of 1997) of the proviso thereto by the insertion after “paragraph (a)(i)” of “, (a)(ia)”. |