Section 119: Correction and amendment of tax returns, Finance Act 2008

In section 9ZB(1) of TMA 1970 (correction of personal or trustee return by HMRC)—

after "correct" insert— a , and

insert at the end, and banything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer.

In section 12ABB(1) of that Act (correction of partnership return by HMRC)—

after "correct" insert— a , and

insert at the end, and banything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer.

Schedule 18 to FA 1998 (company tax returns) is amended as follows.

In paragraph 16(1) (correction of company tax return by HMRC)—

after "correct" insert— a , and

insert at the end, and banything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer.

In paragraph 31 (amendment of return by company during enquiry), in sub-paragraph (4), for paragraph (b) substitute—

In paragraph 34 (amendment of company tax return after enquiry), for sub-paragraphs (1) and (2) substitute—

In sub-paragraph (3) of that paragraph, for "any such amendment of a company's return" substitute ." an amendment of a company's return under sub-paragraph (2) or (2A) "

In sub-paragraph (4)(c) of that paragraph, for "notice of amendment" substitute ." closure notice "

In paragraph 61(1)(a) and (3)(a) (consequential claims etc), for "34(2)(b)" substitute ." 34(2A) "

In paragraph 88 (conclusiveness of amounts stated in return)—

in sub-paragraph (3)(b), omit the words from "and" to the end,

in sub-paragraph (3)(c), for "34(2)" substitute ," 34 "

in sub-paragraph (4)(b), for "the end of the period specified in paragraph 34(1)" substitute , and" the completion of the enquiry "

in sub-paragraph (4)(c), for "34(2)" substitute ." 34 "

In paragraph 93(1)(b) (general jurisdiction of Special or General Commissioners), for "34(2)" substitute ." 34 "

In the following provisions, for "34(2)" substitute " 34 "

in TMA 1970—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

section 46D(2)(aa) (questions to be determined by Land Tribunal), and

section 55(1)(a)(ii) (recovery of tax not postponed), and

in ICTA, section 754(2E) (assessment, recovery and postponement of tax).

The amendments made by this section come into force on such day as the Treasury may by order appoint.

Section 119: Correction and amendment of tax returns

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