����Ӱ��

TMA 1970 is amended as follows.

In section 28C(5)(a) (time limit for determination of tax where no return delivered and self-assessment superseding determination), for “five years” substitute “3 years”.

In section 29(4) (assessment where loss of tax discovered), for “is attributable to fraudulent or negligent conduct on the part of” substitute “was brought about carelessly or deliberately by”.

In section 30B(5) (amendment of partnership statement where loss of tax discovered), for “is attributable to fraudulent or negligent conduct on the part of” substitute “was brought about carelessly or deliberately by”.

In section 33(1) (claim for error or mistake), for “not later than five years after the 31st January next following” substitute “not more than 4 years after the end of”.

In section 33A(2) (error or mistake in partnership return), for “not later than 31st January of Year 6” substitute “not more than 4 years after the end of the year of assessment in question, or in which the relevant period ends,”.

(1)     Section 34 (ordinary time limit for assessments) is amended as