Finance Act 1994 (c.9)E+W
7.—(1) The Finance Act 1994 is amended as follows.
(2) In section 41 (offences: air passenger duty)—
(a)in subsection (2)(a)(i), for “the statutory maximum” substitute “£20,000”;
(b)in subsection (4)(a), for “the statutory maximum” substitute “£20,000”.
(3) In Schedule 7 (insurance premium tax)—
(a)in paragraph 10(1)(a), for “the statutory maximum” substitute “£20,000”;
(b)in paragraph 10(3)(a), for “the statutory maximum” substitute “£20,000”;
(c)in paragraph 10(5)(a), for “the statutory maximum” substitute “£20,000”;
(d)in paragraph 10(6), for “level 5 on the standard scale” substitute “£20,000”;
(e)in paragraph 10(7), for “level 5 on the standard scale” substitute “£20,000”.
Commencement Information
I1Sch. 2 para. 7 in force at 12.3.2015, see reg. 1(1)