Commercial rate of interest
19(1)In section 103 of FA 1996 (interpretation of Chapter 2 of Part 4), omit subsections (3A) and (3B) (meaning of “commercial rate of interest”).
(2)Accordingly—
(a)in section 91A(7)(a) of FA 1996, omit “(see section 103(3A))”, and
(b)in Schedule 7 to F(No.2)A 2005, omit paragraph 13.
(3)The repeals made by this paragraph have effect in relation to times on or after 12 March 2008.