# The Friendly Societies (Provisional Repayments for Exempt Business) Regulations 1999, Regulation 6: Substitution of paragraph 1(1) of Schedule 19AB (as amended by Schedule 3)


(1) Paragraph (2) substitutes sub-paragraph (1) of paragraph 1 of Schedule 19AB (as amended by Schedule 3) in relation to exempt business of a friendly society.
(2) For that sub-paragraph (1) there shall be substituted–
“(1) A friendly society carrying on both tax exempt business and business other than tax exempt business shall for each provisional repayment period in an accounting period be entitled on a claim made in that behalf to a payment (in this Schedule referred to as a “provisional repayment”) of an amount equal to the appropriate portion of any income tax borne by deduction on any payment received by the society in that provisional repayment period that is referable to its tax exempt business.”

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Source: https://www.legislation.gov.uk/uksi/1999/622/regulation/6 (the official version)
Page: https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1999/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.