Paragraph 113

Subsections (2) and (3) of section 578A of ICTA (expenditure on car hire) apply with the substitution of “ £8,000 ” for “£12,000” in relation to expenditure incurred under a contract entered into before 11th March 1992.

Subsection (4) of that section does not apply in relation to rebates made or transactions occurring before 29th April 1996.