Textual Amendments
F1S. 12AA and cross-heading inserted (with effect in accordance with s. 199(2)(3) of the amending Act) by Finance Act 1994 (c. 9), s. 184; S.I. 1998/3173, art. 2
(1)An officer of the Board may enquire into—
(a)the return on the basis of which a person’s partnership statement was made under section 12AB of this Act, or
(b)any amendment of that return on the basis of which that statement has been amended by that person [F3or a successor of that person], [F4or
(c)any claim or election included in the return (by amendment or otherwise)]
if, before the end of the period mentioned in subsection (2) below, he gives notice in writing of his intention to do so to that person or any successor of that person.
(2)The period referred to in subsection (1) above is—
(a)in the case of a return delivered or amendment made on or before the filing date, the period of twelve months beginning with that date;
(b)in the case of a return delivered or amendment made after that date, the period ending with the quarter day next following the first anniversary of the day on which the return or amendment was delivered or made;
and the quarter days for the purposes of this subsection are 31st January, 30th April, 31st July and 31st October.
(3)The giving of notice under subsection (1) above at any time shall be deemed to include the giving of notice under section 9A(1) or, as the case may be, section 11AB(1) of this Act to each partner who—
(a)at that time, has made a return under section 9 or 11 of this Act, or
(b)at any subsequent time, makes such a return.
(4)A return or amendment which has been enquired into under subsection (1) above shall not be the subject of a further notice under that subsection.
(5)In this section “the filing date” means the day specified in the notice under subsection (2) or, as the case may be, subsection (3) of section 12AA of this Act.
F5(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ]
Textual Amendments
F2S. 12AC inserted (with effect in accordance with s. 199(2)(3) of the amending Act) by Finance Act 1994 (c. 9), s. 186; S.I. 1998/3173, art. 2
F3Words in s. 12AC(1)(b) inserted (with effect in accordance with s. 121(8) of the amending Act) by Finance Act 1996 (c. 8), s. 123(7)(a)
F4S. 12AC(1)(c) and preceding word inserted (with effect in accordance with Sch. 19 para. 1 of the amending Act) by Finance Act 1996 (c. 8), Sch. 19 para. 2
F5S. 12AC(6) repealed (with effect in accordance with s. 121(8) of the amending Act) by Finance Act 1996 (c. 8), s. 123(7)(b), Sch. 41 Pt. 5(6)