Part 16 of the Principal Act is amended -

(a) in section 494(2)(b), by substituting "sections 496(2)(a)(iv) and 496(2)(a)(xv)" for "section 496(2)(a)(iv)",

(b) in section 495(3)(a)(ii)(III), by inserting the following after "section 496(2)(a)(iv)":

"and, in the case of a company to which this clause applies, its business shall be regarded as having complied with the conditions of this clause throughout the relevant period (where, otherwise, it would not have done so) if it so complied for that part of the relevant period up to and including 31 December 2002",

(c) in section 496 -

(i) in subsection (2)(a)(ii)(III), by substituting "1979," for "1979, or",

(ii) in subsection (2)(a)(ii)(IV) -

(I) by inserting "and before the passing of the Finance Act 2003" after "6 April 2001", and

(II) by substituting "concerned, or" for "concerned,",

(iii) by inserting the following after subsection (2)(a)(ii)(IV):