11.—(1) For the purposes of paragraph 10 of Schedule 19(1), a members' agent shall be deemed not to have failed to deliver a return of the member’s profit within the time specified in sub-paragraph (5) of that paragraph if he delivered it within such further time, if any, as the inspector may have allowed.
(2) Where a members' agent had a reasonable excuse for not delivering the return of the member’s profit, he shall be deemed not to have failed to deliver it unless the excuse had ceased and, after the excuse ceased, not to have failed to deliver it if he did so without unreasonable delay after the excuse had ceased.
(3) This regulation shall have effect for the years of assessment 1992–93 and 1993–94 only.
Paragraph 10 of Schedule 19 was repealed by section 228(3) of, and paragraph 10 of Schedule 21 and Part V(25) of Schedule 26 to, the Finance Act 1994 with effect for the year 1994–95 and subsequent years of assessment.