32U.K.In section 582(2)(b) of the Taxes Act 1988 (cases where retention of funding bonds is impracticable)—
(a)the words “the Board are satisfied that” shall cease to have effect; and
(b)in sub-paragraph (i), for the words from the beginning to “them” there shall be substituted—
“(i)any such person shall be relieved from the obligation to retain bonds and account for income tax under that paragraph, on his furnishing to the Board”.