SCHEDULES

SCHEDULE 20 Self-assessment: discretions exercisable by the Board etc.

The Taxes Act 1988

32

In section 582(2)(b) of the Taxes Act 1988 (cases where retention of funding bonds is impracticable)—

a

the words “the Board are satisfied that” shall cease to have effect; and

b

in sub-paragraph (i), for the words from the beginning to “them” there shall be substituted—

i

any such person shall be relieved from the obligation to retain bonds and account for income tax under that paragraph, on his furnishing to the Board