Finance Act 1963

24 (1) Section 7 shall be amended in accordance with the four following sub-paragraphs.

(2) In subsection (1), for the words from " the last" to " is raised " there shall be substituted the words " the year of assessment 1962-63 ".

(3) In subsection (2), for the words " is made under Schedule A " there shall be substituted the words " was made under Schedule A for the year of assessment 1962-63 ".

(4) In subsection (4), for the words "is not" there shall be substituted the words " was not ", and after the words " Schedule A " there shall be inserted the words " for the year of assessment 1962-63 ".

(5) In subsection (6), for the words "from time to time" there shall be substituted the words " at any time before the 6th April 1969 ", and after the words " Schedule A" there shall be inserted the words " for the year of assessment 1962-63 ".

(6) In section 14, the following subsection shall be inserted at the end—

“(7) A request by the owner of a chargeable hereditament under section 110 of the Income Tax Act 1952 having effect for the year of assessment 1963-64 shall be treated for the purposes of this section as if it continued to have effect for subsequent years of assessment, but, without prejudice to subsection (4) of this section, subsection (1) thereof shall not apply to the hereditament in respect of a drainage charge raised for any period—

(a) beginning after the owner either serves on the river board a notice in writing requiring that the said subsection (1) shall no longer so apply or ceases to be the owner of the hereditament; or

(b) following a period for which a drainage charge is not assessed in respect of the hereditament.”;

and in subsection (4) of that section, paragraph (b), the word " and " preceding it, and the words " or cancellation" shall be omitted, and in subsection (6), for the words " from time to time there shall be substituted the words " at any time before the 6th April 1965 ".

(7) In section 23, in subsection (4)(b), for the words from " or under " to " that Act" there shall be substituted the words " for the year of assessment 1962-63 ", and in subsection (6), after the words "Schedule A" there shall be inserted the words " for the year of assessment 1962-63 ".

(8) This paragraph shall have effect in relation to drainage rates and charges for periods beginning after the 31st March 1964.