Schedule 31 | Follower Notices And Partnerships | Finance Act 2014 C26

SCHEDULE 31 Follower Notices and Partnerships

Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 31 Follower Notices and Partnerships

Section 215

Introduction

This Schedule makes special provision about the application of Chapter 2 to partners and partnerships.

Interpretation

(1) This paragraph applies for the purposes of this Schedule.

(2) “Partnership follower notice” means a follower notice given by reason of—

(a) a tax enquiry being in progress into a partnership return, or

(b) an appeal having been made in relation to an amendment of a partnership return or against a conclusion stated by a closure notice in relation to a tax enquiry into a partnership return.

(3) “Partnership return” means a return—

[(a)] in pursuance of a notice under section 12AA(2) or (3) of TMA 1970 [(a “section 12AA partnership return”), or]

[(b) required by regulations under paragraph 10 of Schedule A1 to TMA 1970 (a “Schedule A1 partnership return”)].

(4) “The representative partner”, in relation to a [section 12AA] partnership return, means the person who was required by a notice served under or for the purposes of section 12AA(2) or (3) of TMA 1970 to deliver the return.

[(4A) “The nominated partner”, in relation to a Schedule A1 partnership return, has the