Paragraph 9

(1)

Section 87 (interest on unpaid tax) is amended as follows.

(2)

In subsection (3)—

(a)

in paragraph (a)—

(i)

omit “or” at the end of sub-paragraph (ii), and

(ii)

after sub-paragraph (ii) insert—

(iia)
paragraph 5, 7 or 8 of Schedule 7A (PAIF seeding relief),
(iib)
paragraph 13, 17 or 18 of Schedule 7A (COACS seeding relief), or

;

(b)

after paragraph (aza) insert—

(azb)
in the case of an amount payable under paragraph 6(3) of Schedule 7A (PAIF seeding relief: portfolio test), the first time mentioned in paragraph 6(3)(a) or (b) at which the portfolio test was not met;
(azc)
in the case of an amount payable under paragraph 14(1) of Schedule 7A (COACS seeding relief: genuine diversity of ownership condition) because the genuine diversity of ownership condition was not met at a time mentioned in paragraph 14(1)(b) or (c), the first time mentioned in paragraph 14(1)(b) or (c) at which that condition was not met;
(azd)
in the case of an amount payable under paragraph 16(3) of Schedule 7A (COACS seeding relief: portfolio test), the first time mentioned in paragraph 16(3)(a) or (b) at which the portfolio test was not met;

(3)

In subsection (4), for “means—” to the end substitute “ has the same meaning as in section 81(4). ”