Taxes Management Act 1970

Relief for excessive assessments U.K.

32 Double assessment. [1952 s.65; 1964(M) Sch.II, IV; 1965 Sch.X 1(1); 1969 Sch.XX 17(2).] [1964(M) Sch.II.] U.K.

(1) If on a claim made to the Board it appears to their satisfaction that a person has been assessed to tax more than once for the same cause and for the same chargeable period . . . F1 , they shall direct the whole, or such part of any assessment as appears to be an overcharge, to be vacated, and thereupon the same shall be vacated accordingly.

(2) An appeal on a claim under this section shall lie to any of the bodies of Commissioners having jurisdiction to hear an appeal against the assessment, or the later of the assessments, to which the claim relates F2 .

Textual Amendments

F1 Words relating to development land tax added byDevelopment Land Tax Act 1976 (c. 24) Sch.8 para.4. Development Land Tax Act 1976repealed byFinance Act 1985 s.98(6)andSch.27 Part X.

F2 SeeFinance Act 1981 s.134andSch.17 para.18for the application of this provision to the special tax on banking deposits.

33 Error or mistake. [1952, ss.66(1), 229(5); 1964(M) Sch.II, IV; 1965 Sch.X 1(1), Sch.XII 5(2); 1966 Sch.VI 5(1), 27(1); 1969 Sch.XX 17(3).] [1952 s.66(2).] U.K.

(1) If any person who has paid tax charged under an assessment alleges that the assessment was excessive by reason of some error or mistake in a return, he may by notice in writing at any time not later than six years after the end of the year of assessment F3 (or, if the assessment is to corporation tax, the end of the accounting period) in F4 which the assessment was made, make a claim to the Board for relief F5 .

(2) On receiving the claim the Board shall inquire into the matter and shall, subject to the provisions of this section, give by way of repayment such relief . . . F6 in respect of the error or mistake as is reasonable and just:

Provided that no relief shall be given under this section in respect of an error or mistake as to the basis on which the liability of the claimant ought to have been computed where the return was in fact made on the basis or in accordance with the practice generally prevailing at the time when the return was made F5 .

M1 (3) In determining the claim the Board shall have regard to all the relevant circumstances of the case, and in particular shall consider whether the granting of relief would result in the exclusion from charge to tax of any part of the profits of the claimant, and for this purpose the Board may take into consideration the liability of the claimant and assessments made on F4 him in respect of chargeable periods other than that to which the claim relates F5 .

M2 (4) If any appeal is brought from the decision of the Boardon the claim the Special Commissioners shall hear and determine the appeal in accordance with the principles to be followed by the Board in determining claims under this section; and neither the appellant nor the Board shall be entitled to require a case to be stated under section 56 of this Act otherwise than on a point of law arising in connection with the computation of profits F5 .

[(4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

M3 (5) In this section“profits”—

(a) in relation to income tax, means income,

(b) in relation to capital gains tax, means chargeable gains,

(c) in relation to corporation tax, means profits as computed for the purposes of that tax.

[(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7 F8 F4

Textual Amendments

F3 For modification in relation to Lloyd's Underwriters seeS.I. 1974 No. 896 regn.4(1) (inPart III Vol.5)

F4 For modification in relation to petroleum revenue tax and supplementary petroleum duty seeOil Taxation Act 1975 s.1andSch.2 para.1(1)—Oil Taxation Acts.

F5 See—Finance Act 1981 s.134andSch.17 para.18for the application of this provision to the special tax on banking deposits. S.I. 1989 No. 421, Schedule (in Part III Vol. 5)for modification in relation to Lloyd's underwriters for 1986-87.S.I. 1990 no. 627, regn. 3(2)and Schedule (in Part III Vol. 5)for modification in relation to Lloyd's underwriters for 1987-88.

F6 Words omitted repealed for1973—74et seq. byFinance Act 1971 ss.37and38andSch.14 Part II.

F7 A development land tax provision added byDevelopment Land Tax Act 1976 (c. 24) Sch.8 para.5 Development Land Tax Act 1976repealed byFinance Act 1985 s.98(6)andSch.27 Part X.]

F8 See Finance Act 1981 s.134andSch.17 para.18for the application of this provision to the special tax on banking deposits.

Marginal Citations

M1 1952

s.66(3).

M2 1964

(M) Sch.IV

M3 1952 s.66; 1965 Sch.X 1(1); 1966 Sch.VI 27(1).