Finance Act, 1993

Amendment of section 12 (deductions for tax borne or paid) of Principal Act.

88.—Section 12 of the Principal Act is hereby amended in paragraph (a) of subsection (1)—

(a) by the insertion of the following subparagraph after subparagraph (iib) (inserted by the Act of 1992):

“(iic) subject to such conditions (if any) as may be specified in regulations, in respect of goods referred to in section 3B, the tax due in the period in accordance with that section,”,

(b) by the substitution in subparagraph (viii) of “flat-rate addition, which shall be deemed to be tax,” for “tax”, and

(c) by the addition of the following proviso to the said paragraph (a):

“Provided that this paragraph shall not apply to—

(I) a taxable person referred to in subsection (1A) (c) or (2) (b) of section 8, or

(II) a taxable person referred to in subsection (1A) (d) or (2) (c) of section 8 unless the tax relates to racehorse training services supplied by him.”.