Chapter III

Resource Tax

17. —(1) Notwithstanding anything in Chapter IV of Part I of the Finance Act, 1980 —

(a) no assessment to resource tax shall be made, on or after the passing of this Act, in respect of the year 1980-81,

(b) where an appeal has been made against an assessment to resource tax for that year but the appeal has not been determined, the assessment shall be discharged,

(c) where an assessment to resource tax for that year has become final and conclusive, the tax payable in respect of the assessment shall be remitted, and

(d) any resource tax paid in respect of an assessment for that year shall be repaid.

(2) For the purposes of the repayment of resource tax pursuant to subsection (1) (d), resource tax shall be deemed to be income tax.