SCHEDULE 27 Schedules 24 to 26: Consequential Provision
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 27 Schedules 24 to 26: Consequential Provision

Section 118

Taxes Management Act 1970

1

TMA 1970 is amended as follows.

2

For section 8B(8) (withdrawal of notice to file personal or trustee return) substitute—

“(8)     See paragraph 21 of Schedule 24 and paragraph 16 of Schedule 25 to the Finance Act 2021 as to the cancellation of liabilities under those Schedules by including provision in a notice under this section.â€

3

For section 12AAA(9) (withdrawal of notice to file partnership return) substitute—

“(9)     See paragraph 21 of Schedule 24 and paragraph 16 of Schedule 25 to the Finance Act 2021 as to the cancellation of liabilities under those Schedules by including provision in a notice under this section.â€

4

In section 49E (nature of review etc), after subsection (5) insert—

“(5A)     See section 49EA concerning additional conclusions a review can reach in the case of penalties under Schedule 24 to the Finance Act 2021.â€

5

After section 49E insert—

“49EA Nature of review: penalties under Schedule 24 to FA 2021

(1)     This section applies if—

(a)     notice of appeal has been given to HMRC under paragraph 22(b) of Schedule

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Money laundering offences—tipping off and prejudicing an investigation

Money laundering offences—tipping off and prejudicing an investigationTipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities

LEXISNEXIS

The Financial Assistance Scheme—what are the available benefits?

The Financial Assistance Scheme—what are the available benefits?THIS PRACTICE NOTE APPLIES TO SCHEMES ENTERING THE FINANCIAL ASSISTANCE SCHEME FROM 1 JANUARY 2012.Where a scheme, its employer(s) and individual members have satisfied the criteria for eligibility into the Financial Assistance Scheme

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

Medco

MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of