Section 18

in paragraph (1)(a), by substituting for the word “fifteen”

the word “ten”; and

11

Finance (No. 2)

in paragraph (1)(b), by substituting for the word “five”

the word “three”.

Amendment of section 108 19.

Section 108 of the principal Act is amended—

by inserting after subsection (1) the following subsection:

“(1A) For the purposes of subsection (1), where a company to which paragraph 2A of Schedule 1 applies, the rate applicable to that company shall be the higher of the two rates specified in that paragraph.”; and

by inserting after subsection (15) the following subsection:

“(16) Notwithstanding the foregoing subsections, where—

the excess is increased by an amount under subsection (7) or (9); or

the amount due is increased by an amount under subsection (10), the Director General may in his discretion, for any good cause shown, remit the whole or any part of that amount and, where the amount remitted has been paid, the Director

General shall repay the same.”.

Amendment of section 111