(1)In section 48(1) of[1975 c. 7.] the Finance Act 1975, after the words “carry interest” there shall be inserted the words “from the date on which the sums were paid until the order for repayment is issued”.
(2)In—
(a)paragraph 16 of Schedule 2 to the [1975 c. 22.] Oil Taxation Act 1975,
(b)section 105(7) of the [1980 c. 48.] Finance Act 1980,
(c)paragraph 13(4) and (5) of Schedule 16 to the [1981 c. 35.] Finance Act 1981, and
(d)paragraph 10(4) of Schedule 19 to the [1982 c. 39.] Finance Act 1982,
for the word “repayment” there shall be substituted the words “the order for repayment is issued”.
(3)In paragraph 59(1) of Schedule 8 to the [1976 c. 24.] Development Land Tax Act 1976, after the word “later,” there shall be inserted the words “until the order for repayment is issued”.
(4)In section 235(1) of the [1984 c. 51.] Inheritance Tax Act 1984 (and paragraph 19(3) of Schedule 4 to the [1975 c. 7.] Finance Act 1975), after the word “made” there shall be inserted the words “until the order for repayment is issued”.
(5)In section 92(2) of the [1986 c. 41.] Finance Act 1986, for the words “the time it was paid” there shall be substituted the words “the date on which the payment was made until the order for repayment is issued”.
(6)In section 826(1) of the Taxes Act 1988, for the words “that repayment or payment is made” there shall be substituted the words “the order for repayment or payment is issued”.
(7)The amendments made by this section shall be deemed always to have had effect.