Finance (No. 2) Act 1931

3 Subject, in any case where paragraph 2 of this Schedule applies, to the provisions of that paragraph, section two hundred and eleven of the Income Tax Act, 1918 (which relates to the charge and deduction of tax in any year not charged or deducted before the passing of the annual Act) shall apply as if—

(a) this Act were the Act imposing the tax for the year; and

(b) a reference to the fifteenth day of October, nineteen hundred and thirty-one, were, so far as relates to any deficiency in the amount of tax deducted from any payment made after the passing of this Act but before the date aforesaid, substituted for any reference to the passing of the Act imposing the tax for the year; and

(c) in subsection (1) of the said section the words " half yearly or quarterly" were omitted, and the words " or the person by or through whom the payments were made, as the case may be, " were inserted after the words " the agents entrusted with the payment of the interest, dividends or other annual profits or gains. "