4(1)In section 83AA of the Finance Act 1989 (c. 26) (amounts added to long-term insurance fund of a company in excess of company’s loss), omit—U.K.
(a)subsections (3) to (5),
(b)subsection (6)(a),
(c)subsection (7)(b) and the word “and” before it, and
(d)in subsection (10), the definitions of “the relevant accounting period” and “the transferor company”.
(2)Sub-paragraph (1) has effect for periods of account beginning on or after 1st January 2003.