SCHEDULES

SCHEDULE 23 Self-assessment: Schedules 13 and 16 to the Taxes Act 1988

Part I Schedule 13 to the Taxes Act 1988

F14

(1)

In sub-paragraph (1) of paragraph 3B (power of the inspector to make an assessment where he is not satisfied that there is a reasonable basis for the company treating itself as an international headquarters company)—

(a)

for “the inspector is not satisfied that there was a reasonable basis” there shall be substituted “ an officer of the Board is of the opinion that there was not a reasonable basis ”; and

(b)

for “he may” there shall be substituted “ any such officer may ”.

(2)

In sub-paragraph (3) of that paragraph for “the inspector” there shall be substituted “ an officer of the Board ”.