38(1)Section 826 of the Taxes Act 1988 (interest on tax overpaid) shall be amended as follows.
(2)Subsection (2A) (material date for ACT) shall cease to have effect.
(3)Subsection (7) (which makes provision in relation to surplus ACT) shall cease to have effect.
(4)Subsections (7AA) and (7CA) (which make further provision in relation to surplus ACT) shall cease to have effect.
(5)Sub-paragraph (2) above has effect in relation to accounting periods beginning on or after 6th April 1999.
(6)Sub-paragraph (3) above has effect where the later period mentioned in subsection (7) of section 826 begins on or after 6th April 1999.
(7)Sub-paragraph (4) above has effect where the earlier period mentioned in subsections (7AA) and (7CA) of section 826 begins on or after 6th April 1999.