Monetary threshold amendment increases the statutory limit in section 2(7) and applies retroactively from April 1975. The amendment substitutes the monetary figure in sub section (7) of section 2 of the Finance Act, 1975 with a higher amount and deems that substitution to ... Summary
Monetary threshold amendment increases the statutory limit in section 2(7) and applies retroactively from April 1975.
The amendment substitutes the monetary figure in sub section (7) of section 2 of the Finance Act, 1975 with a higher amount and deems that substitution to have effect from 1 April 1975, applying wherever the former figure occurs in that sub section.
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