Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Finance (No. 2) Act 2023

Crossheading Mergers and demergers

  • Section 61 Mergers: general provisions
  • Section 62 Modified “small production premises” test
  • Section 63 Modified duty discount
  • Section 64 Adjusted post-merger amount
  • Section 65 Early termination of merger transition period
  • Section 66 Subsequent mergers
  • Section 67 Simultaneous mergers
  • Section 68 Demergers
  1. Mergers and demergers
  2. Early termination of merger transition period

Section 65 | Early termination of merger transition period

From legislation.gov.uk

(1)This section applies in relation to a post-merger production group if, in a relevant year, Amount A is less than Amount B.

(2)“Amount A” is the aggregate of the alcohol production amount, in relation to every set of premises in the group, for the production year immediately preceding the relevant year (determined in accordance with section 57).

(3)“Amount B” is the adjusted post-merger amount in the relevant year.

(4)Neither the relevant year, nor any subsequent production year, is a merger transition year in relation to the group.

(5)Each of Year 1, 2 and 3 is a “relevant year” for the purposes of this section.

PreviousNext
PrivacyTerms