Clause 12

by deleting the words “If any tax is not paid by a taxable person within the periods prescribed in regulations made under section 41” in subsection (1) and substituting the words “If any tax (including any additional tax mentioned in section 47(1B)) is not paid within the periods prescribed in regulations made under section 41 or within the period specified in section 47(2C) (as may be extended under section 47(2D)”;

by inserting, immediately after subsection (1A), the following subsection:“(1B) Subsection (1)(a) and (b) applies to any surcharge and interest payable under section 45A or 47A (as the case may be) that is not paid within the period prescribed in that section, as it applies to any tax not paid by a taxable person within the period mentioned in subsection (1).”; and

by inserting, immediately after subsection (2), the following subsection:“(3) In this section, “tax” includes any interest imposed under section 47(2D).”.