HC Deb 15 March 1982 vol 20 c138

Motion made, and Question,

That—

(1) In paragraph 1 of Schedule 1 to the Finance Act 1972 (liability to be registered)—

  1. (a) for "£5, 000" there shall be substituted "£6, 000"; and
  2. (b) for "£15, 000", in each place, there shall be substituted "£17, 000";
and in section 20(1) of that Act (registration of local authorities) for the words following "one year" there shall be substituted the words "does not exceed the sum for the time being specified in paragraph 1(a)(ii) of that Schedule, as if that value exceeded that sum".

(2) In paragraph 2 of that Schedule (termination of liability to be registered)—

  1. (a) "for £15, 000", in both places, there shall be substituted "£17, 000", and
  2. (b) for "£14, 000" there shall be substituted "£16, 000".

(3) Paragraph (1) above shall come into force on 10th March 1982 and paragraph (2) on 1st June 1982.

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.—[Sir Geoffrey Howe.]

put forthwith pursuant to Standing Order No. 94 (Ways and Means motion), and agreed to.