Part 3 Administration
Finance Act 2022 (2022 c 3) | Legislation

Part 3 Administration

Requirement to file return and pay tax chargeable under paragraph 1

8

(1)     A person liable to tax as a result of paragraph 1 must make and deliver a return to an officer of Revenue and Customs before the end of the period of 30 days beginning with later of—

(a)     the day on which the person became liable,

(b)     the day on which the public interest business to which the tax relates entered special measures,

(c)     the day on which the £100 million threshold condition is met (see paragraph 1(9)), and

(d)     the day on which this Act is passed.

(2)     References in this Schedule to the day on which a person became liable to tax as a result of paragraph 1 (however framed) are to the date on which the first of the disqualifying steps to which the tax relates was taken.

(3)     A return under this paragraph must contain—

(a)     such information, accounts, statements and documents as are relevant to the person's liability to tax, and

(b)     an assessment of the amount (a “self-assessmentâ€), on the basis of the information contained in the return, the person is liable to pay.

(4)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Serving outside the jurisdiction with court permission—application and order

This Practice Note addresses issues when serving out of the jurisdiction and the permission of the court is required. It explains how to make an application and the form of order required. An application to serve out of the jurisdiction is generally made without notice and on the papers. Key

LEXISNEXIS

Codicils

CodicilsCodicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more

LEXISNEXIS

The Money Laundering Reporting Officer (MLRO)

The Money Laundering Reporting Officer (MLRO)OverviewThe requirements to have robust systems and controls in a regulated firm to prevent money laundering originate from:•the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (as

LEXISNEXIS

VAT definition