Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Paragraph 6
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/01/2013.
Changes to legislation:
There are currently no known outstanding effects for the Finance (No. 2) Act 1997, Paragraph 6.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
6(1)An assessment shall not be made under this Schedule at any time on or after 1st December 2003.U.K.
(2)Where an assessment is made under this Schedule, notice of that assessment shall be served on the company assessed.
(3)The notice of any assessment under this Schedule must state—
(a)the date on which it is issued; and
(b)the time within which any appeal against the assessment may be made.
(4)After the notice of any assessment under this Schedule has been served on the company assessed—
(a)the assessment shall not be withdrawn;
(b)the assessment shall not be amended, except in accordance with provision made or applied by this Schedule; and
(c)the company shall not, except in accordance with any provision so made or applied, be entitled to the repayment of any amount on the grounds that the amounts of windfall tax assessed on that company are excessive.
(5)Where notice of any assessment under this Schedule has been served on the company assessed, the amount of the assessment—
(a)shall be deemed (subject to the provisions of this Schedule) to be an amount of windfall tax with which that company is charged; and
(b)subject to the provisions of this Part about the payment of windfall tax in instalments, may be recovered accordingly.
(6)Liability to pay an instalment of windfall tax does not depend on the making of an assessment; and nothing in the provisions of this Schedule about the making of assessments shall affect the times which are taken for the purposes of this Part to be the times by which companies are required under paragraph 3 above to pay instalments of windfall tax.
Back to top