As of 6 April 1997 this text has repealed
(1) Section 28A (as inserted by the Finance Act, 1996) of the Corportion Tax Act, 1976, is hereby amended -
(a) as respects accounting periods ending on or after the 1st day of April, 1997, by the substitution in subsection (1) of "28 per cent." for "30 per cent.", and
(b) in subsection (10) -
(i) in paragraph (a), by the substitution for the definition of "S" of the following:
"S is an amount equal to so much of the profits of the company for the accounting period as are charged to tax in accordance with subsection (1),
and",
(ii) in paragraph (b), by the substitution for subparagraph (ii) of the following:
"(ii) by an amount equal to so much of the profits of the company for the accounting period as are charged to tax in accordance with subsection (1).".
(2) For the purposes of paragraph (a) of subsection (1), where an accounting period of a company begins before the 1st day of April, 1997, and ends on or after that day, it shall be divided i
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