Paragraph 1

The following paragraph shall be substituted for paragraph (e) of section twenty-two of the Finance (No. 2) Act, 1939—

“(e)

the expression “chargeable accounting period” means, in relation to excess profits tax—

(a)

any accounting period beginning on or after the first day of April, nineteen hundred and thirty-nine and ending on or before the thirty-first day of December, nineteen hundred and forty-six ; and

(b)

so much of any accounting period beginning before the said first day of April as falls on or after that date ; and

(c)

so much of any accounting period ending after the said thirty-first day of December as falls on or before that date.”