Paragraph 21

(1)

Amend section 806B as follows.

(2)

In subsection (2)(b) for “section 797” substitute “ section 42 of TIOPA 2010 ”.

(3)

In subsection (3)(b) for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”.

(4)

In subsection (4)—

(a)

in paragraph (a) for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”,

(b)

in paragraph (b) for “section 799(1A)” substitute “ Step 3 in section 58(1) of TIOPA 2010 ”,

(c)

in paragraph (b) for “M%” substitute “ M ”, and

(d)

in paragraph (b)(ii) for “U” substitute “ PA ”.

(5)

In subsection (5)—

(a)

for “subsection (2) or (3) of section 801” substitute “ section 65(4) of TIOPA 2010 ”,

(b)

in each of paragraphs (a), (b)(ii) and (c)(ii) for “subsection (2) or (3), as the case may be, of section 801” substitute “ section 65(4) of TIOPA 2010 ”,

(c)

for “section 799(1A)” substitute “ Step 3 in section 58(1) of TIOPA 2010 ”,

(d)

for “M%” substitute “ M ”, and

(e)

for “U” substitute “ PA ”.

(6)

In subsection (7)(b) for “section 799(1)” substitute “ section 59 of TIOPA 2010 ”.

(7)

In subsection (10)—

(a)

in the definition of “lower level dividend” for “section 801(2) or (3)” substitute “ section 65(4) of TIOPA 2010 ”,

(b)

in paragraph (a) of the definition of “the relevant tax” for “section 799(1)” substitute “ section 57(1) of TIOPA 2010 ”, and

(c)

in paragraph (b) of that definition for “section 801(2) or (3)” substitute “ section 65(4) of TIOPA 2010 ”.