Paragraph 18
In section 416 (released debts: amount on which tax charged)—
(a)
in subsection (1) (tax charged on gross amount) omit “gross”, and
(b)
omit subsection (2) (meaning of “gross amount”).
In section 416 (released debts: amount on which tax charged)—
in subsection (1) (tax charged on gross amount) omit “gross”, and
omit subsection (2) (meaning of “gross amount”).