Finance Act, 1991
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Amendment of section 12 (notices of preliminary tax) of Finance Act, 1988. |
47.— Section 12 of the Finance Act, 1988 , is hereby amended— | |
(a) by the substitution for paragraph (a) of the proviso to subsection (7) of the following paragraph: | ||
“(a) interest shall not be payable under this subsection— | ||
(i) if it amounts to less than £10, or | ||
(ii) to the extent that the said excess arises from relief provided for by subsection (4) of section 98 of the Corporation Tax Act, 1976 , | ||
and”, | ||
and | ||
(b) by the insertion after subsection (10) of the following subsection: | ||
“(11) This section shall not, except for the provisions of subsection (7), apply as respects capital gains tax.”. |