2(1)Paragraph 2 (changes in the provisional fraction) shall be amended in accordance with the following provisions of this paragraph.
(2)For sub-paragraphs (1) and (2) (cases where the paragraph applies, and consequences of its application) there shall be substituted—
“(1)This paragraph applies in any case where—
(a)a claim has been made for a provisional repayment for at least one provisional repayment period in an accounting period of a company;
(b)subsequently, a further such claim is made for a provisional repayment period falling within that accounting period; and
(c)had that further claim been the first claim made for a provisional repayment for that accounting period, the provisional fraction for the accounting period would have been a different fraction (whether in consequence of the delivery of a section 11 return for a later preceding accounting period or the application of paragraph 1(11) above);
and in this paragraph the “substituted provisional fraction” means the different fraction mentioned in paragraph (c) above.
(2)Where this paragraph applies—
(a)the amount of any provisional repayment to which the company is entitled for the provisional repayment period mentioned in sub-paragraph (1)(b) above shall be an amount determined in accordance with sub-paragraph (3) below or such lesser amount as may be specified in the claim; and
(b)in relation to any later provisional repayment period in the same accounting period, the substituted provisional fraction shall, subject to any further application of this paragraph, be treated as the provisional fraction for the accounting period.”
(3)In sub-paragraph (3), in the definition of “total entitlement”, for the words following paragraph (b) there shall be substituted—
“had the substituted provisional fraction been the provisional fraction for the accounting period as from the beginning of that period; and”.