Finance Act 1982

13 Registration

(1) In paragraph 1 of Schedule 1 to the [1972 c. 41.] Finance Act 1972 (liability to be registered)—

(a) for " £5,000 " there shall be substituted " £6,000 " , and

(b) for " £15,000 ", in each place, there shall be substituted " £17,000 ";

and in section 20(1) of that Act (registration of local authorities) for the words following " one year " there shall be substituted the words " does not exceed the sum for the time being specified in paragraph 1(a)(ii) of that Schedule, as if that value exceeded that sum ".

(2) In paragraph 2 of that Schedule (termination of liability to be registered)—

(a) for " £15,000 ", in both places, there shall be substituted " £17,000 " , and

(b) for " £14,000 " there shall be substituted " £16,000 ".

(3) After paragraph 11 of that Schedule there shall be inserted—

“11A The Treasury may by order substitute for any of the sums for the time being specified in paragraphs 1 and 2 of this Schedule such greater sums as they think fit.”.

(4) Subsection (1) above shall be deemed to have come into force on 10th March 1982 and subsection (2) on 1st June 1982.