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160. Tax clearance for moneylenders, mortgage intermediaries and credit intermediaries.
(1) Section 242(1) of the Finance Act, 1992, is hereby amended in the definition of "licence" (as amended by the Finance Act, 1993) -
(a) by the substitution of " ‘licence’ means a licence or authorisation, as the case may be, of the kind referred to - " for " ‘licence’ means a licence of the kind referred to - ", and
(b) by the insertion of the following paragraph after paragraph (g):
"(gg) in section 93, 116 or 144 of the Consumer Credit Act, 1995;".
(2) The Consumer Credit Act, 1995, is hereby amended -
(a) in section 93 -
(i) by the substitution, in subsection (10), of the following for paragraph (d):
"(d) the applicant has failed to provide satisfactory evidence that a current tax clearance certificate in relation to the licence has been issued in accordance with the provisions of section 242 (as amended by the Finance Act, 1997) of the Finance Act, 1992,",
(ii) by the insertion of the following after subsection (10):