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Changes over time for: Cross Heading: Payment notices: effect of making payment etc
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Point in time view as at 01/10/2021.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2020, Cross Heading: Payment notices: effect of making payment etc.
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.
Payment notices: effect of making payment etcU.K.
4(1)If the recipient pays any amount in pursuance of the notice the recipient may recover that amount from the person liable to pay it.U.K.
(2)In calculating the recipient's income, profits or losses for any tax purposes—
(a)a payment in pursuance of the notice is not allowed as a deduction, and
(b)the reimbursement of any such payment is not regarded as a receipt.
(3)Any amount paid by the recipient in pursuance of the notice is to be taken into account in calculating—
(a)the amount unpaid, and
(b)the amount due by virtue of any other payment notice relating to the amount unpaid.
(4)Similarly, any payment by the person liable to pay it of any of the amount unpaid is to be taken into account in calculating the amount due by virtue of the payment notice (or by virtue of any other payment notice relating to the amount unpaid).
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