3In section 349(3) of the Taxes Act 1988—
(a)in paragraph (a), for the words from “in the United Kingdom” to the end there shall be substituted “on an advance from a bank, if at the time when the interest is paid the person beneficially entitled to the interest is within the charge to corporation tax as respects the interest”;
(b)in paragraph (b), for “such a bank in the ordinary course of that” there shall be substituted “a bank in the ordinary course of its”.