Clause 43

by inserting, immediately after subsection (9), the following subsection:“(9A) Where any tax assessed after 31st December 2002 which has been set-off by any charge or additional charge paid by a company to the Comptroller under subsection (8), or section 44(4) or (6) in force immediately before 1st January 2003, is subsequently reduced and the reduction is deemed to be a reduction under subsection (6)(a), the charge or additional charge paid under those subsections shall be restored by the amount of tax reduced, and the restored charge or additional charge shall be paid by the company to the Comptroller within 14 days from the date of the reduction of the tax assessed.”; and (b)by deleting the words “section 44(12)” in subsection (11) and substituting the words “section 44(11) and (12)”.