Regulation 12 Amendments to the principal Regulations and further modifications to Schedule 19AB
(1)
Regulation 12 of the principal Regulations shall be amended as follows.
(2)
In paragraph (2)—
(a)
after “sub-paragraph (1)” there shall be inserted
“”;
- (a)
(b)
in sub-paragraph (a) so formed, in the definition of “tax exempt business” “, 461(1) or 461B(1)” shall be omitted;
(c)
after sub-paragraph (a) there shall be added the following sub-paragraph—
“(b)in the definition of “provisional fraction” for the words “paragraphs 1(4) and 2” there shall be substituted “paragraph 1(4)”.”
(3)
For paragraph (3) there shall be substituted the following paragraph—
“(3)Sub-paragraphs (4) to (6) shall be omitted.”