Further amendments in ITTOIA 2005
18In section 416 (released debts: amount on which tax charged)—
(a)in subsection (1) (tax charged on gross amount) omit “gross”, and
(b)omit subsection (2) (meaning of “gross amount”).
18In section 416 (released debts: amount on which tax charged)—
(a)in subsection (1) (tax charged on gross amount) omit “gross”, and
(b)omit subsection (2) (meaning of “gross amount”).