Motion made, and Question,
(1) In paragraph 1 of Schedule 1 to the Finance Act 1972 (liability to be registered)—
(2) In paragraph 2 of the said Schedule (termination of liability to be registered) for
"£6,000" (in both places) there shall be substituted "£8,500" and for "£1,875" there shall be substituted "£2,500
(3) Paragraph (1) above shall come into force on 12th April 1978 but shall apply also for determining whether a person was liable to be registered before that day if the date from which his registration would take effect in accordance with the said Schedule 1 is after 11th April 1978.
(4) Paragraph (2) above shall come into force on 1st July 1978
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.—[Mr. Healey.]
put forthwith pursuant to Standing Order No. 94 (Ways and Means motions) and agreed to.