The Business Expansion Scheme (Substitution of Permitted Maximum Amount) Order 1990

• Citation: S.I. 1990/862
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Business Expansion Scheme (Substitution of Permitted Maximum Amount) Order 1990 and shall come into force on 1st May 1990.

Section 2 Introductory

Article 3 of this Order amends section 290A of the Income and Corporation Taxes Act 1988 by substituting different amounts for the amounts specified in subsections (1) and (4) of that section.

Section 3 Amendments to section 290A of the Income and Corporation Taxes Act 1988

In section 290A of the Income and Corporation Taxes Act 1988—

(a) in subsection (1)(b) for “£500,000” there shall be substituted “£750,000”; and

(b) in subsection (4)(b) for “£500,000” there shall be substituted “£750,000”, in both places.