Regulation 3

For sub-paragraph (b) of regulation 4(1) there shall be substituted the following —

“(b)

he has made all returns which he is required to make, and has —

(i)

paid to the Commissioners all such sums shown as due on those returns and on any assessments made either under Schedule 7 to the Act or under section 21 of the Finance Act 1985^f1; or

(ii)

agreed an arrangement with the Commissioners, where the outstanding amount of such sums as are referred to in (i) above does not exceed £1,000, for such amount as is outstanding to be paid in instalments over a specified period; and”.