Amendment of Schedule 10 to the Value Added Tax Act 19945.
(1)
Paragraph 25 (revocation of an option: lapse of more than 20 years since option had effect) is amended as follows.
(2)
In sub-paragraph (6)(b), for “as they” substitute “or time as they may”.
(3)
In sub-paragraph (7), after “day” insert “or time”.
(4)
For sub-paragraph (8) substitute—
“(8)
The Commissioners may specify a day or time under sub-paragraph (6)(b) by reference to the happening of an event or the meeting of a condition.”.