Finance (No. 2) Act 1992

78 Gas levy: restriction of liability.U.K.

In section 123 of the M1Finance Act 1990 (gas levy), in subsection (3) (rights to gas of British Gas Corporation treated as continuing, for purposes of levy on producer, in certain circumstances) at the end of paragraph (b) (termination of rights disregarded unless occurring before 5th March 1990) there shall be added “ or by effluxion of time, pursuant to a term in the contract or document, being a term in existence on 27th November 1991. ”

Marginal Citations