Finance Act, 1973

Amendment of section 21 of Finance Act, 1972.

18.Section 21 of the Finance Act, 1972 , is hereby amended—

(a) by the addition to subsection (2) of the following proviso:

“Provided that, in the case of any repayment under a statutory scheme established under a public statute, the administrator of the scheme shall be entitled to deduct the tax chargeable in respect of that repayment from the amount thereof”, and

(b) by the substitution in subsection (4) of “if the administrator is entitled under the rules of the relevant scheme or otherwise” for “if the rules of the relevant scheme permit its administrator”.