SCHEDULES

SCHEDULE 18 Company tax returns, assessments and related matters

Part VII General provisions as to claims and elections

Consequential claims in case of loss of tax brought about carelessly or deliberately

65

(1)

This paragraph applies where an assessment is made on a company in a case involving F1a loss of tax brought about carelessly or deliberately by—

(a)

the company, or

(b)

a person acting on behalf of the company, or

(c)

a person who was a partner of the company at the relevant time.

(2)

If the company so requires, effect shall be given in determining the amount of the tax charged by the assessment to any relief or allowance to which the company would have been entitled for that accounting period on a claim or application made within the time allowed by the Taxes Acts.