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Amendment of section 12 (deduction for tax borne or paid) of Principal Act.
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94.— Section 12 of the Principal Act is amended—
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(a) in subsection (1)(a)—
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(i) in paragraph (iiic) with effect from 1 July 2008 by substituting “section 4B(6)(a) or 4(8)” for “section 4(8)”, and
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(ii) with effect from 1 September 2008 by inserting the following after subparagraph (vb):
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“(vc) the tax chargeable during the period, being tax for which the principal is liable by virtue of section 8(1B) in respect of construction operations services received by that principal; but this subparagraph shall apply only where that principal would be entitled to a deduction of that tax elsewhere under this subsection if that tax had been charged to such principal by another accountable person,”,
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(b) in subsection (4) with effect from 1 July 2008—
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(i) in paragraph (a) by inserting “movable” after “means” in the definition of “dual-use inputs”, and
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(ii) in paragraph (f) by substituting “accounting year” for “accounting period”,
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and
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(c) with effect from 1 July 2008 by deleting subsection (5).
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