(1) The Principal Act is amended -

(a) in section 125A -

(i) in subsection (1), by the insertion of the following definition:

"'electronic means' has the same meaning as it has in section 917EA of the Taxes Consolidation Act 1997;",

(ii) in subsection (2), by the deletion of "in writing",

(iii) by the substitution of the following subsection for subsection (6):

"(6) In the case of failure by an authorised insurer in respect of an accounting period -

(a) to deliver not later than the due date any statement required by subsection (2) to be delivered by the authorised insurer, or

(b) to pay the stamp duty chargeable on any such statement on the delivery of the statement,

the authorised insurer shall from that due date until the day on which the stamp duty is paid, be liable to pay, in addition to the duty, interest on the stamp duty calculated in accordance with section 159D.",

(iv) by the deletion of subsection (8), and