Clause 14

Section 88 of the principal Act is hereby amended by deleting paragraph (c) of subsection (1) thereof and substituting therefor the following: —“(c)notwithstanding the preceding provisions of this subsection if the amount of tax outstanding is not paid within sixty days of the imposition of the penalty as provided by paragraph (a) of this subsection, an additional penalty of one per cent of the tax outstanding shall be payable for each completed month that the tax remains unpaid, but the total additional penalty shall not exceed twelve per cent of the amount of tax outstanding;