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Amendments made:
No. 11, in page 56, line 12, after 'amended', insert 'subject to paragraph 8 below'.
No. 12, in page 56, leave out lines 28 to 38 and insert:
'2.—(1) Subject to sub-paragraph (2) below, in the application of paragraph 7 of Schedule 16 to the Finance Act 1972 (consequences of apportionment: advance corporation tax) to a close company which was in liquidation on 6th April 1973, sub-paragraph (6) of that paragraph (the excess of the apportioned amount which remains after making certain deductions to be recoverable as if it were advance corporation tax) shall be omitted.
(2) If at any time the winding-up of a close company which was in liquidation on 6th April 1973 ceases to be proceeded with, subparagraph (1) above shall not apply with respect to any accounting period ending at a time when the company is no longer being wound up.
(3) For the purposes of this paragraph a company is in liquidation on 6th April 1973 if, as a result of its being wound up, the new accounting period referred to in section 247(7) of the Taxes Act (commencement of new accounting period where a company is wound up) began before that date and the winding-up was not completed on or before that date'.
No. 13, in page 58, line 5, at end add—