Finance Act 1996

4 (1) Section 88 of the Taxes Management Act 1970 (which relates to interest on tax recovered to make good loss due to the taxpayer’s fault and which is superseded by section 86 of that Act, as substituted by the [1995 c. 4.] Finance Act 1995) shall cease to have effect.

(2) In consequence of the repeal of section 88 of the [1970 c. 9.] Taxes Management Act 1970—

(a) section 88A of that Act (determinations under section 88) shall cease to have effect;

(b) in section 91 of that Act (effect of interest on reliefs) in subsection (1)—

(i) the words “or section 88” shall cease to have effect; and

(ii) for the words “those provisions”, in each place where they occur, there shall be substituted “that section”; and

(c) in section 113 of that Act (form of returns and other documents) subsection (1C) shall cease to have effect.