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Taxes Management Act 1970

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  1. Introductory Text

  2. PART I ADMINISTRATION

    1. 1. Taxes under care and management of the Board. [1952 s.5(1); 1965 s.49(7), Sch.X 1(1).] [1964(M) s.3(1).] [1964(M) s.3(3); 1965 Sch.X 1(1); 1966 Sch.VI 13.]

    2. 2. General Commissioners, [1964(M) s.1(1)—(8).]

    3. 3. Clerk to General Commissioners. [1964(M) s.2(1)—(5); S.I. 1968/1656.]

    4. [4. Special Commissioners.

    5. 4A. Deputy Special Commissioners.

    6. 5. General and Special Commissioners. 1969 Sch.XX 17(1).][1952 s.17.]

    7. 6. Declarations on taking office. [1964(M) s.4.]

  3. PART II RETURNS OF INCOME AND GAINS

    1. Income tax

      1. 7. [Notice of liability to income tax.

      2. 8. [Personal return.

      3. 8A. Trustee’s return.

      4. 9. Partnership return.

    2. Corporation tax

      1. 10. [Notice of liability to corporation tax.

      2. 11. Return of profits. [1966 Sch.VI 2.]

      3. 11A. [Notice of liability to capital gains tax.

      4. 12. Information about chargeable gains. [1965 Sch.X 1(1).] [1965 Sch.X 6(1); 1966 Sch.VI 2(6).]

    3. [European Economic Interest Groupings

      1. 12A. European Economic Interest Groupings.Official Journal of the European Communities No. L199/1.

    4. Voluntary returns

      1. 12D.Returns made otherwise than pursuant to a notice

  4. PART III OTHER RETURNS AND INFORMATION

    1. 13. Persons in receipt of taxable income belonging to others. [1952 s.22.]

    2. 14. Return of lodgers and inmates. [1952 s.23.]

    3. 15. [Return of employees emoluments, etc.

    4. 16. Fees, commissions, etc. [1956 s.20.]

    5. 16A. [Agency workers.

    6. 17. Interest paid or credited by banks, etc. without deduction of income tax. [1952 s.29.]

    7. 18. Interest paid without deduction of income tax. [1969 Sch.XIII 13(1)(2)(3).]

    8. 18A. [Other payments and licences etc.

    9. 19. Information for purposes of Schedule A. [1963 s.18(1); 1969 Sch.XX 1(1), 20(4).]

    10. Production of accounts, books and other information

      1. 20. [Power to call for documents of taxpayer and others.

      2. 20A. [Power to call for papers of tax accountant.

      3. 20B. [Restrictions on powers under ss.20 and 20A.

      4. 20BB. [Falsification etc. of documents.

      5. 20C. [Entry with warrant to obtain documents.

      6. 20CC. [Procedure where documents etc. are removed.

      7. 20D. [Interpretation of ss.20 to 20C.

      8. 21. Stock jobbers’ transactions. [1966 s.50(1)—(4).]

    11. Surtax

      1. 22. Additional particulars for surtax. [1952 s.232; 1964(M) Sch.IV; 1969 Sch.XX 17(25).]

      2. 23. Power to obtain copies of registers of securities. [1952 s.233; 1964(M) Sch.IV(1).]

      3. 24. Power to obtain information as to income from securities. [1952 s.234; 1964(M) Sch.IV(1).]

    12. Chargeable gains

      1. 25. Issuing houses, stockbrokers, auctioneers, etc. [1965 Sch.X 7(1)—(4).]

      2. 26. Nominee shareholders. [1952 s.250(4); 1964(M) Sch.IV(1); 1965 Sch.X 8.]

      3. 27. Settled property. [1952 s.410; 1964(M) Sch.IV(1); 1965 Sch.X 9.]

      4. 28. Non-resident companies and trusts. [1965 Sch.X 11(1).]

  5. PART IV ASSESSMENT AND CLAIMS

    1. 29. Assessing procedure. [1964(M) s.5(1) 9; 1965 Sch.X 1(1); 1966 Sch.VI 6(1), 17(1), 27(1); 1967 Sch.XI 10(3).]

    2. 30. [Recovery of overpayment of tax, etc.

    3. 31.Right of appeal. [1969 Sch.XX 12.]

    4. Relief for excessive assessments

      1. 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.]

      2. 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).]

    5. Time limits

      1. 34. Ordinary time limit of six years. [1952 ss.47(1)(3), 229(3); 1965 Sch.X 1(1); 1966 Sch.V1 7.]

      2. 35. Emoluments received after year for which they are assessable.[1961 s.28(2)(3); 1964(M) Sch.IV.]

      3. 36. [Fraudulent or negligent conduct.

      4. 37. Neglect: income tax and capital gains tax. [1960 s.51; 1965 Sch.X 1(1).]

      5. 37A. [Effect of assessment where allowances transferred.

      6. 38. Modification of s.37 in relation to partnerships. [1960 s.52.]

      7. 39. Neglect: corporation tax. [1966 Sch.VI 9(1)—(9).]

      8. 40. Assessment on personal representatives. [1952 s.47(2); 1961 s.28(2); 1965 Sch.X 1(1).] [1960 s.53; 1965 Sch.X 1(1).]

      9. 41. Leave of General or Special Commissioners required for certain assessments. [1964(M) s.6; 1965 Sch.X 1(1); 1966 Sch.VI 8(1), 9(3).]

      10. 41A, 41B, 41C.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    6. Claims

      1. 42. Procedure for making claims. [1964(M) s.9(2)(4), Sch.II.] [1964(M) s.9(5).]

      2. 43. Time limit for making claims. [1952 s.507; 1964(M) Sch.IV; 1965 Sch.X 1(1); 1966 Sch.VI 11(2).] [1964(M) Sch.IV; 1965 Sch.X 1(1).]

      3. 43A. [Further assessments: claims etc.

      4. 43B. [Limits on application of section 43A.

  6. PART V APPEALS AND OTHER PROCEEDINGS

    1. Jurisdiction

      1. 44. General Commissioners. [1964(M) s.11; 1965 Sch.X 1(1); 1966 Sch. VI 12 (1)(2).]

      2. 45. Quorum of Special Commissioners. [1967 s.43.]

      3. 46. General and Special Commissioners. [1964(M) s.12(2); 1965 Sch.XI(1); 1966 Sch.VI 12(1).]

      4. 46A. Regulations about jurisdiction.

      5. 47. Special jurisdiction relating to tax on chargeable gains. [1965 s.44(6)(7)(8).]

      6. 47A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      7. 47B. [Special jurisdiction relating to Business Expansion Scheme.

    2. Proceedings before Commissioners

      1. 48. Application to appeals and other proceedings. [1964(M) s.12(1)(5); 1965 Sch.X 1(1); 1966 Sch.VI 12(1); 1969 Sch.XX 17(43).]

      2. 49. Proceedings brought out of time. [1964(M) s.12(1)(2).]

      3. 50. Procedure. [1952 s.52(1).]

      4. 51. Power of Commissioners to obtain information from appellant. [1964(M) s.12(3).]

      5. 52. Evidence. [1969 Sch.XX 12(1)(2)(3).]

      6. 53. Summary award of penalties. [1960 s.59(1)(2)(3); 1964(M) s.12(3).]

      7. 54. Settling of appeals by agreement. [1952 s.510; 1958 Sch.VI 5; 1965 Sch.X 1(1); 1966 Sch.VI 12(4).]

      8. 55. [Recovery of tax not postponed.

      9. 56. Statement of case for opinion of the High Court. [1952 s.64(1); 1964(M) Sch.IV.] [1952 s.64(2); 1958 Sch.VI 5; 1964(M) Sch.IV.]

      10. 56A. [Statement of case: Special Commissioners to Court of Appeal.

      11. 56B. Regulations about practice and procedure.

      12. 56C. Power of Special Commissioners to order costs.

      13. 56D. Power of Special Commissioners to publish reports of decisions.

    3. Chargeable gains

      1. 57. Regulations about appeals. [1965 Sch.X 2(1).]

      2. 57A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. 57B. [Commissioners: procedural rules.

    4. Northern Ireland

      1. 58. Proceedings in tax cases in Northern Ireland. [1964(M) s.14; 1965 Sch.X 1(1), 18; 1966 Sch.VI 12(1), 27(4).]

      2. 59. Election for county court in Northern Ireland. [1964(M) s.15.]

  7. PART VI COLLECTION AND RECOVERY

    1. 60. Issue of demand notes and receipts. [1952 s.73; 1964(M) Sch.IV; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

    2. Distraint and poinding

      1. 61. Distraint by collectors. [1952 s.74; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      2. 62. Priority of claim for tax. [1952 s.75; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      3. 63.[Recovery of tax in Scotland [1952 s.76; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      4. 63A. Sheriff officer’s fees and outlays.

      5. 64.Priority of claim for tax in Scotland. [1952 s.77; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

    3. Court proceedings

      1. 65. Magistrates’ courts. [1952 s.78(1)(2)(5); 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      2. 66. County courts. [1964(M) s.8(1); 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      3. 67. Inferior courts in Scotland. [1964(M) s.8(4); 1965 Sch.X 1(1); 1966 Sch.VI 13.] [1971 c.58.]

      4. 68. High Court, etc. [1952 s.79; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

    4. Supplemental

      1. 69. Interest on tax. [1967 s.40(4)(6)(a).]

      2. 70. Evidence. [1952 s.71; 1964(M) Sch.IV; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

  8. PART VII PERSONS CHARGEABLE IN A REPRESENTATIVE CAPACITY, ETC.

    1. Income Tax

      1. 71. Bodies of persons. [1952 s.362.]

      2. 72. Trustees, guardians, etc., of incapacitated persons. [1952 s.363.]

      3. 73. Further provision as to infants. [1952 s.364.]

      4. 74. Personal representatives. [1952 s.365; 1964(M) Sch.IV.]

      5. 75. Receivers appointed by a court. [1952 s.366.]

      6. 76. Protection for certain trustees, agents and receivers. [1952 s.367.]

    2. Capital gains tax

      1. 77. Application of Part VII to capital gains tax. [1965 Sch.X 1(1), 12(2).]

      2. 77A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  9. PART VIII CHARGES ON NON-RESIDENTS

    1. Income tax

      1. 78. Method of charging non-residents. [1952 s.369.]

      2. 79. Profits from branch or agency. [1952 s.370.]

      3. 80. Charge on percentage of turnover. [1952 s.371; 1964(M) Sch.IV.]

      4. 81. Taxation on basis of merchanting profit. [1952 s.372; 1964(M) Sch.IV.]

      5. 82. Savings. [1952 s.373.]

      6. 83. Responsibilities and indemnification of persons in whose name a non-resident person is chargeable. [1952 s.374.]

    2. Capital gains tax

      1. 84. Gains from branch or agency. [1952 s.370; 1965 Sch.X 1(1).]

    3. Corporation tax

      1. 85. Application of Part VIII to corporation tax. [1965 s.50(4).]

      2. 85A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  10. PART IX INTEREST ON OVERDUE TAX

    1. 86. [Interest on overdue tax.

    2. 86A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 87. Interest on overdue advance corporation tax and income tax on company payments.

    4. 87A.Interest on overdue corporation tax etc.

    5. 88. Interest on tax recovered to make good loss due to taxpayer’s fault. [1960 s.58(1); 1962 s.26(1); 1965 Sch.X 1(1); 1966 Sch.VI 8(2).]

    6. 88A. [Determinations under section 88.

    7. 89. The prescribed rate of interest. [1952 s.495(1); 1960 s.58(1); 1967 s.40(1)(3)(6); S.I. 1969/535.]

    8. 90. Disallowance of relief for interest on tax. [1952 s.495(4); 1960 s.58(4); 1965 Sch.X 1(1), Sch.XV 8; 1966 Sch.VI 8(2).]

    9. 91. Effect on interest of reliefs. [1952 s.496; 1960 s.58(4); 1965 Sch.X 1(1), Sch.XV 8; 1967 Sch.XI 14(5).]

    10. 91A.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    11. 92. Remission in certain cases of interest on tax in arrear by reason of exchange restrictions. [1952 s.497; 1965 Sch.X 1(1), Sch.XV 8.]

  11. PART X PENALTIES, ETC.

    1. 93. Failure to make return for income tax or capital gains tax. [1960 s.46(1), Sch.VI column 1; 1964(M) 7(8); 1965 Sch.X 1(1).]

    2. 94. Failure to make return for corporation tax.

    3. 95. Incorrect return or accounts for income tax or capital gains tax. [1960 s.47(1), Sch.VI; 1964(M) s.7(8); 1965 Sch.X 1(1).]

    4. 96.Incorrect return or accounts for corporation tax. [1966 Sch.VI 4.]

    5. 97. Incorrect return or accounts: supplemental. [1960 ss.47(3), 48(3); 1965 Sch.X 1(1); 1966 Sch.VI 4(3).]

    6. 97A. [Two or more tax-geared penalties in respect of the same tax.

    7. 98. Special returns, etc. [1960 s.46(1).]

    8. 98A. [Special penalties in the case of certain returns.

    9. 98B. European Economic Interest Groupings. Official Journal of the European Communities No. L199/1.

    10. 99. [Assisting in preparation of incorrect return, etc.

    11. 99A.Certificates of non-liability to income tax.

    12. 100. [Determination of penalties by officer of the Board.

    13. 100A. Provisions supplementary to section 100.

    14. 100B. Appeals against penalty determinations.

    15. 100C. Penalty proceedings before Commissioners.

    16. 100D. Penalty proceedings before court.

    17. 101. Evidence of profits for purposes of preceding provisions of Part X. [1960 s.60; 1965 Sch.X 1(1); 1966 Sch.VI 3(5); 1969 Sch.XX 19(5).]

    18. 102. Mitigation of penalties. [1952 s.500; 1965 Sch.XI(1); 1966 Sch.VI 13.]

    19. 103. [Time limits for penalties.

    20. 104. Saving for criminal proceedings. [1952 s.503; 1965 Sch.X 1(1);1966 Sch.VI 13; Criminal Law Act 1967 s.1.]

    21. 105. Evidence in cases of fraud or wilful default. [1952 s.504; 1965 Sch.X 1(1); 1966 Sch.VI 13.]

    22. 106. Refusal to allow a deduction of income tax, and avoidance of agreements for payment without deduction. [1952 s.506; 1966 Sch.VI 17(4).]

    23. Scotland

      1. 107. Criminal liability for false statements made to obtain allowances. [1952 s.505; 1965 Sch.X 1(1); 1966 Sch.VI 13.] [1960 s.55(1).]

  12. PART XI MISCELLANEOUS AND SUPPLEMENTAL

    1. Companies

      1. 108. Responsibility of company officers. [1966 Sch.VI 24; 1969 Sch.XX 23(3).]

      2. 109. [Corporation tax on close company in connection with loans to participators etc.

    2. Valuation

      1. 110. Valuation of land: power of entry. [1963 s.30(2); 1969 Sch.XX 20(4).]

      2. 111. Valuation of assets: power to inspect. [1965 Sch.X 14.]

    3. Documents

      1. 112. Loss, destruction or damage to assessments, returns, etc. [1952 s.513; 1965 Sch.X 1(1); 1966 Sch.VI 13, 27(1).]

      2. 113. Form of returns and other documents. [1952 s.25; 1964(M) Sch.IV; 1966 Sch.VI 5(2)(3); 1969 Sch.XX 15.]

      3. 114. Want of form or errors not to invalidate assessments, etc. [1952 s.514(2)(3); 1965 Sch.X 1(1); 1966 Sch.VI 13.]

      4. 115.Delivery and service of documents. [1952 s.515(1); 1965 Sch.X 1(1); 1966 Sch.VI 13.] [1969 Sch.XX 16(1)(2).]

      5. 116.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    4. Northern Ireland

      1. 117. Action of ejectment in Northern Ireland. [1952 Sch.XXIII 12.]

    5. Interpretation

      1. 118. Interpretation. [1952 s.526(1).]

  13. PART XII GENERAL

    1. 119. Commencement and construction.

    2. 120. Short title.

  14. SCHEDULES

    1. SCHEDULE 1

      FORMS OF DECLARATIONS

      1. PART I GENERAL AND SPECIAL COMMISSIONERS AND OTHERS

      2. PART II COMMISSIONERS OF INLAND REVENUE

      3. PART III INSPECTORS, COLLECTORS AND OTHER OFFICERS

    2. SCHEDULE 2

      JURISDICTION IN APPEALS ON CLAIMS

      1. Appeal from inspector

        1. 1.(1) Except as otherwise provided by the following provisions of...

        2. 2.(1) Appeal from a decision of an inspector on a...

      2. Appeal from Board

        1. 3.Except as otherwise provided by any provision of the Taxes...

    3. SCHEDULE 3

      RULES FOR ASSIGNING PROCEEDINGS TO COMMISSIONERS

    4. SCHEDULE 3ZC

      CT Payment plans for tax on certain transactions with EEA residents

      1. Introduction

        1. 1.This Schedule makes provision enabling a company that is liable...

      2. Qualifying corporation tax

        1. 2.(1) For the purposes of this Schedule a company is...

      3. Qualifying transactions

        1. 3.(1) For the purposes of this Schedule each of the...

      4. Eligibility to enter a CT payment plan

        1. 4.(1) A company that is liable to pay qualifying corporation...

      5. Application to enter a CT payment plan

        1. 5.A company that is liable to pay qualifying corporation tax...

      6. Entering into a CT payment plan

        1. 6.(1) A company enters into a CT payment plan if—...

      7. Content of CT payment plan

        1. 7.(1) A CT payment plan entered into by a company...

      8. Effect of CT payment plan

        1. 8.(1) This paragraph applies where a CT payment plan is...

      9. The payment method: instalments

        1. 9.(1) Where a CT payment plan is entered into by...

      10. The payment method: all of outstanding balance due

        1. 10.(1) Where at any time after a CT payment plan...

      11. All of outstanding balance attributable to particular qualifying transaction due

        1. 11.(1) This paragraph applies where— (a) a CT payment plan...

      12. Part of outstanding balance attributable to particular qualifying transaction due

        1. 12.(1) This paragraph applies where— (a) a CT payment plan...

    5. SCHEDULE 4

      SAVINGS AND TRANSITORY PROVISIONS

      1. Declaration of secrecy

        1. 1.(1) Section 6(4) of this Act shall not apply to...

      2. Information about interest paid or credited without deduction of tax by banks, etc.

        1. 2.A notice served under section 29 of the Income Tax...

      3. Assessments

        1. 3.(1) Section 36 of this Act shall not apply to...

      4. Claims

        1. 4.(1) This paragraph has effect as respects relief under any...

        2. 5.An appeal, or other proceedings in the nature of an...

        3. 6.(1) Any relief obtainable under section 87(8) of the Finance...

      5. Choice of Commissioners to hear proceedings

        1. 7.Neither section 44 of this Act nor any other provision...

      6. Settling of appeals by agreement

        1. 8.. . .

      7. Interest on tax

        1. 9.(1) . . . (2) For the purposes of section...

      8. Penalties, etc.

        1. 10.Section 98 of this Act shall have effect as if...

        2. 11.Section 103(2) of this Act shall not apply to tax...

        3. 12.The repeals made by the principal Act shall not affect...

      9. Northern Ireland

        1. 13.. . .

        2. 14.Part V of this Act, and the repeal by the...

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