PART 6RETURNS AND PAYMENTS
CHAPTER 1RETURNS
Adjustments
I151Return as a result of later linked transaction
1
This section applies where the effect of a transaction (““the later transaction””) that is linked to an earlier transaction is that—
a
the earlier transaction becomes notifiable,
b
additional tax is chargeable in respect of the earlier transaction, or
c
tax is chargeable in respect of the earlier transaction where none was chargeable before.
2
The buyer in the earlier transaction must make a return in respect of that transaction.
3
A return made under this section must—
a
be made before the end of the period of 30 days beginning with the day after the effective date of the later transaction, and
b
include a self-assessment.
4
This section does not affect any requirement to make a return in respect of the later transaction.