22After section 434B of the Taxes Act 1988 (inserted by paragraph 21 above) insert—
“434CInterest on repayment of advance corporation tax.
Section 826(1) applies in a case where a repayment falls to be made of advance corporation tax paid by a company carrying on life assurance business in respect of distributions made by it.
In relation to such a case the material date for the purposes of that section is that specified in subsection (2A) of that section.”.