Chapter VI of Part I of the Finance Act, 1980, is hereby amended, as respects accounting periods ending on or after the 1st day of May, 1994 -
(a) by the insertion after section 39B (inserted by the Finance Act, 1987) of the following section -
(a) In this section -
'an amount receivable from the sale of goods' means an amount which -
(i) being an amount receivable from the sale of computer software, or
(ii) by virtue of subsection (1CC)(b)(ii) of section 39, subsection (7)(b) of section 39A or subsection (8)(b) of section 39B,
is regarded as receivable from the sale of goods for the purposes of relief under this Chapter;
'relevant foreign tax', where borne by a company in respect of an amount receivable from the sale of goods, means tax -
(i) which, under the laws of any foreign territory, has been deducted from that amount,
(ii) which has not been repaid to the company, and
(iii) for which credit is not allowable under arrangements within the me