Taxes Management Act 1970

[F1 Amendment of personal or trustee return by the taxpayer U.K.

Textual Amendments

F1 Sch. 3ZA inserted (with effect and application in accordance with s. 88(3) Sch. 29 para. 16 of the amending Act) by Finance Act 2001 (c. 9), Sch. 29 para. 15

2 (1) This paragraph applies where an amount of tax is payable or repayable as a result of the amendment of a self-assessment under section 9ZA of this Act (amendment of personal or trustee return by taxpayer) F2 ... . U.K.

(2) Subject to sub-paragraph (3) below, the amount is payable (or repayable) on or before the day following the end of the period of 30 days beginning with the day on which the notice of amendment was given.

(3) If section 9B(3) F3 ... of this Act applies (amendment of self-assessment F3 ... by taxpayer during enquiry: deferral of effect), then—

(a) if the amendment is taken into account as mentioned in paragraph (a)(i) of that subsection, paragraph 5 below (amendment of personal or trustee return by closure notice) applies accordingly; and

(b) if the amendment takes effect under paragraph (b) of that subsection on the issue of [F4 a partial or final closure notice], the amount is payable (or repayable) on or before the day following the end of the period of 30 days beginning with [F5 the relevant day].

[F6 (4) In sub-paragraph (3)(b), “the relevant day” means—

(a) in the case of an amount of tax that is payable, the day on which the partial or final closure notice was given;

(b) in the case of an amount of tax that is repayable—

(i) if the closure notice was a final closure notice, the day on which that notice was given, and

(ii) if the closure notice was a partial closure notice, the day on which the final closure notice relating to the enquiry was given.]]

Textual Amendments

F2 Words in Sch. 3ZA para. 2(1) omitted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by virtue of Finance Act 2019 (c. 1), Sch. 2 para. 25(16)(c)

F3 Words in Sch. 3ZA para. 2(3) omitted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by virtue of Finance Act 2019 (c. 1), Sch. 2 para. 25(16)(d)

F4 Words in Sch. 3ZA para. 2(3)(b) substituted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 15 para. 21(2)(a)

F5 Words in Sch. 3ZA para. 2(3)(b) substituted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 15 para. 21(2)(b)

F6 Sch. 3ZA para. 2(4) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 15 para. 21(3)

Modifications etc. (not altering text)

C1 Sch. 3ZA paras. 2-5 applied (with modifications) (temp. until 30.4.2024) by Finance Act 2022 (c. 3), Sch. 10 para. 17 (with Sch. 10 para. 43 (as amended by S.I. 2022/1321, regs. 1, 2(2)))