SCHEDULE 32 Accelerated Payments and Partnerships
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 32 Accelerated Payments and Partnerships

Section 228

Interpretation

1

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

(2)     “Partnership return†means a return—

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

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

(3)     “The representative partnerâ€, 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.

[(3A)     “The nominated partnerâ€, in relation to a Schedule A1 partnership return, has the meaning given by paragraph 5 of Schedule A1 to TMA 1970.]

(4)     “Relevant partnerâ€, in relation to a partnership return, means a person who was a partner in the partnership to which the return relates at any time during the period in respect of which the return was required.

(5)     References to a “successorâ€, in relation to the representative partner, are to be construed in accordance with section 12AA(11) of TMA 1970.

Restriction on circumstances when accelerated payment notices can be given

2

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