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(1)In paragraph 1 of Schedule 1 to the [1972 c. 41.] Finance Act 1972 (liability to be registered)—
(a)in the provisions before the Table, for " £7,500 " (in both places) there shall be substituted " £10,000 " and
(b)in the second column of the Table for " 2,625". "4,500", "6.375 " and "7,500" there shall be substituted respectively " 3,500 " , " 6,000 ", " 8,500 " and " 10,000 ";
and in section 20(1) of that Act (registration of local authorities) for "£7,500" (in both places) there shall be substituted " £10,000 ".
(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)After paragraph 10 of that Schedule (cancellation of registration) there shall be inserted—
“10AWhere a registered person who has at any time ceased to be liable to be registered by virtue of paragraph 2 of this Schedule has before that time failed or subsequently fails to make any return or account for or pay any tax as required by or under this Act, the Commissioners may, if they think fit, cancel his registration with effect from such date as they may determine.”
(4)In paragraph 11 of that Schedule (discretionary registration) the existing provisions shall become sub-paragraph (1) and after those provisions there shall be inserted—
“(2)Where the Commissioners refuse to act or to continue to act on a request made by a person under sub-paragraph (1)(b) above, they shall give him written notice of their decision and of the grounds on which it was made.”;
and in section 40(1) of the said Act of 1972 (appeals) after paragraph (g) there shall be inserted—
“(gg)any refusal to act or to continue to act on a request under paragraph 11(1)(b) of Schedule 1 to this Act;”.
(5)Subsection (1) above shall be deemed to have 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.
(6)Subsection (2) above shall be deemed to have come into force on 1st July 1978.
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