6(1)In subsection (6) of section 94 of that Act of 1970 (penalty for failure to make return for corporation tax within eighteen months of end of return period), as it is to apply with respect to the failures mentioned in section 83 of the [1987 c. 51.] Finance (No. 2) Act 1987 (failures after appointed day), after the word “before”, in the first place where it occurs, there shall be inserted “whichever is the later of the end of the final day for the delivery of the return and”.
(2)In subsection (7) of that section, as it is so to apply, (calculation of unpaid tax for the purposes of penalty), for the words from “borne” onwards there shall be substituted “which, under section 7(2) or 11(3) of the principal Act, is to be set off against the corporation tax so chargeable”.