Amendment of regulation 9 (modifications of section 432A of the Taxes Act)6
1
Regulation 9 (modifications of section 432A of the Taxes Act)13 is amended as follows.
2
For paragraph (1) substitute—
1
In this regulation—
a
paragraphs (1A), (2), (4) and (4A) prescribe modifications of section 432A14 of the Taxes Act so far as it applies to long-term business carried on by friendly societies, and
b
paragraph (3) prescribes a further modification of that section so far as it applies to the long-term business carried on by partnership pensions societies.
3
After paragraph (1) insert—
1A
In subsection (1ZC)15 before “PHI” insert “taxable”.