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Section 49: Entertainment of directors and higher-paid employees.

Finance Act 1988 · 1988 c. 39View on legislation.gov.uk

Part III: Income Tax, Corporation Tax and Capital Gains Tax — Chapter I: General

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

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—

for the reference to section 154 of the Taxes Act 1988 of a reference to section 61 of the 1976 Act; and
for the reference to section 839 of the Taxes Act 1988 of a reference to section 533 of the Taxes Act 1970.

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.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.