Finance Act 2015

Amendment of section 541B of Principal Act (restrictive covenants)

37. (1) Section 541B of the Principal Act is amended in subsection (1) by substituting “the person referred to in paragraph (a)” for “the person to whom it is paid”.

(2) This section applies to sums paid on or after 22 October 2015 in respect of the giving of an undertaking referred to in section 541B(1)(a) of the Principal Act.