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of <h1>Finance Act 1994, Section 81, Omitted: Liability for Company Offences Removed in 2004 Update.</h1> Section 81 of the Finance Act, 1994, concerning offences by companies, was omitted by the Finance (No. 2) Act, 2004. Before its omission, the section stipulated that when a company committed an offence, individuals in charge and responsible for the company's business at the time were deemed guilty and could be punished unless they proved lack of knowledge and due diligence. Additionally, if any director, manager, secretary, or officer consented to, connived in, or neglected to prevent the offence, they were also deemed guilty. The section defined 'company' broadly to include firms and associations, and 'director' to include partners in firms.
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