Finance Act 1998 (c. 36)

SCHEDULES

SCHEDULE 19 Company tax returns, etc.: minor and consequential amendments

Taxes Management Act 1970 (c. 9)

18 In section 36(1) of the Taxes Management Act 1970 (fraudulent or negligent conduct)—

(a) for “loss of tax” substitute “loss of income tax or capital gains tax”, and

(b) for the words from “not later than” to the end substitute “not later than 20 years after the 31st January next following the year of assessment to which it relates”.