(1) The Finance Act 2021 is amended, in section 61 -

(a) by the insertion of the following subsection after subsection (1):

"(1A) Notwithstanding the amendments effected by subsection (1) -

(a) paragraph (a) of that subsection shall not apply in respect of a statement required to be delivered to the Revenue Commissioners pursuant to subsection (2) or (2B) of section 123B not later than 31 January 2023, and

(b) paragraphs (c)(i)(II)(B), (c)(ii)(II)(B) and (c)(iv) of that subsection shall not apply in respect of a statement required to be delivered to the Revenue Commissioners pursuant to subsection (1)(b) or (2)(b) of section 124 not later than 31 January 2024.",

and

(b) by the substitution of the following subsection for subsection (4):

"(4) This section shall come into operation on 1 January 2023.".

(2) The Principal Act is amended in section 123B, in subsection (1) -

(a) by the substitution of the following definition for the definition of "credit institution":