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Paragraph 2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

References in regulations G1 to G3 and in this Schedule to a financial year are to be construed as including references to the period beginning on 1st November 1988 and ending with 31st March 1989.

(2)

In relation to that period—

(a)

the reference in regulation G2(4)(a) to the closing balance in the account for the preceding financial year is to be construed as a reference to the closing balance in the account mentioned in paragraph 1 for the period mentioned in that paragraph, and

(b)

the reference in paragraph 6(2) to 1st October in the financial year is to be construed as a reference to 1st October 1988.