Section 59.

1.

(1) As respects any accounting period which begins before the 1st day of April, 1997, and ends on or after that day, section 41(2) (as amended by the Finance Act, 1995) of the Finance Act, 1980, referred to subsequently in this Part as "section 41(2) ", shall have effect as if for the words from "shall be reduced by twenty-eight-thirty-eighths" to the end of the subsection there were substituted the following:

"shall be reduced -

(a) by twenty-eight-thirty-eighths, in so far as it is corporation tax charged on profits which, under section 6(3) of the Corporation Tax Act, 1976, are apportioned to the period beginning on the 1st day of January, 1996, and ending on the 31st day of March, 1997, and

(b) by twenty-six-thirty-sixths, in so far as it is corporation tax charged on profits which, under the said section 6(3), are apportioned to the period beginning on the 1st day of April, 1997, and ending on the 31st day of December, 1998,

and the corporation tax referable to the income from the sale of those goods -