Value Added Tax Act 1994
20(1)Section 76 (assessment of amounts due by way of penalty, interest or surcharge) is amended as follows.
(2)In the heading, for “penalty, interest or surcharge” substitute “penalty or interest”.
(3)In subsection (1)—
(a)omit paragraph (a) and the “or” at the end of that paragraph;
(b)in the words after paragraph (d), for “penalty, interest or surcharge” substitute “penalty or interest”.
(4)In subsection (3)—
(a)in the words before paragraph (a), for “penalties, interest and surcharge” substitute “penalties and interest”;
(b)omit paragraph (a).
(5)In subsection (4), for “penalty, interest or surcharge”, in both places, substitute “penalty or interest”.
(6)In subsection (5), for “penalty, interest or surcharge”, in both places, substitute “penalty or interest”.