Amendment of Schedule 10 to the Value Added Tax Act 1994
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Memorandwm Esboniadol
5.—(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.”.