(1) Section 531 of the Principal Act is amended -

(a) by inserting the following after subsection (5):

"(5A) A claim to repayment under regulations made in accordance with paragraph (b) or (c) of subsection (5) shall not be allowed at a time at which a claim to repayment in respect of the chargeable period (within the meaning of section 321), within which the period for which the claim to repayment relates falls, would not be allowed under section 865(4).",

(b) in subsection (11) -

(i) in paragraph (a) -

(I) by substituting "Subject to subsection (11A), the Revenue Commissioners shall" for "The Revenue Commissioners shall", and

(II) by substituting the following for subparagraph (v):

"(v) that there is good reason to expect that that person, partnership or company will comply with the obligations referred to in subparagraphs (iii) and (iv) in relation to periods ending after the date of termination of the qualifying period, and",

and