Schedules
Schedule 14Administration of multinational top-up tax
Part 12Appeals and claims
54Claims in relation to overpaid tax
1
This paragraph applies where—
a
an amount has been paid by way of a repayment of tax, and
b
the amount paid exceeded the amount which the Commissioners were or could be liable at that time to repay.
2
The Commissioners may—
a
to the best of their judgment, assess the amount of the excess, and
b
notify the amount to the person to whom the repayment was made.
3
Sub-paragraph (4) applies where—
a
an assessment has been notified under sub-paragraph (2), and
b
it appears to the Commissioners that the amount which ought to have been assessed as due exceeds the amount that has already been assessed.
4
The Commissioners may—
a
on or before the last day on which the assessment could have been made, make a supplementary assessment of the amount of tax due, and
b
notify the amount to the person to whom the repayment was made.
5
An amount assessed and notified under sub-paragraph (2) or (4) counts as a liability to multinational top-up tax for the purposes of this Part of this Act.
6
But sub-paragraph (5) does not have effect if, or to the extent that, the assessment has been withdrawn or reduced.
7
An assessment under this paragraph may not be made more than 4 years after the end of the accounting period in which evidence of facts sufficient in the opinion of the Commissioners to justify making the assessment comes to their knowledge.