Finance (No. 2) Act 2017

Prospective

13 (1) Section 12AC (notice of enquiry into partnership return) is amended as follows. U.K.

(2) In subsection (1)—

(a) after “return if” insert “ , within the time allowed, ”;

(b) at the beginning of paragraph (a) insert “ in the case of a section 12AA partnership return, ”;

(c) after that paragraph insert—

“(aa) in the case of a Schedule A1 partnership return, to the nominated partner.”;

(d) omit paragraph (b).

(3) In subsection (7)—

(a) the words from “the day” to the end become paragraph (a);

(b) at the beginning of that paragraph insert “ in relation to a section 12AA partnership return, ”;

(c) after that paragraph insert—

“(b) in relation to a Schedule A1 partnership return for a year of assessment (Year 1), means 31 January of Year 2.”