S. 49(1) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)

1976 c. 40.

http://www.legislation.gov.uk/ukpga/1988/39/section/49Finance Act 1988An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1988-07-29texttext/xmlenStatute Law Database2024-05-23Expert Participation2024-02-22Part III Income Tax, Corporation Tax and Capital Gains TaxChapter I General Benefits in kind
49 Entertainment of directors and higher-paid employees.(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

The provision set out in subsection (1) above shall be added at the end of section 62 of the Finance Act 1976 as subsection (9) with the substitution—

(a)

for the reference to section 154 of the Taxes Act 1988 of a reference to section 61 of the 1976 Act; and

(b)

for the reference to section 839 of the Taxes Act 1988 of a reference to section 533 of the Taxes Act 1970.

(3)

The amendment made by subsection (1) above shall have effect for the year 1988-89 and subsequent years of assessment; and the amendment made by subsection (2) above shall have effect for the year 1987-88.