Article 2

For subsection (3) of section 127 of the Finance Act 1999 there shall be substituted–

“(3)

Subject to section 128 below, in relation to any amount that carries interest under subsection (1) above, the applicable period for the purposes of this section is the period which–

(a)

begins with the thirty-first working day after the making of the claim for repayment of that amount; and

(b)

ends with the date on which the Commissioners issue the repayment of that amount, and in paragraph (a) above “working day” means any day other than a non-business day within the meaning of section 92 of the Bills of Exchange Act 1882^f1.”