SCHEDULES

SCHEDULE 19 Company tax returns, etc.: minor and consequential amendments

Taxes Management Act 1970 (c.9)

15

(1)

Section 33 of the Taxes Management Act 1970 (error or mistake) is amended as follows.

(2)

For subsection (1) substitute—

“(1)

If a person who has paid income tax or capital gains tax under an assessment (whether a self-assessment or otherwise) alleges that the assessment was excessive by reason of some error or mistake in a return, he may by notice in writing at any time not later than five years after the 31st January next following the year of assessment to which the return relates, make a claim to the Board for relief.”.

(3)

In subsection (5), after paragraph (a) insert “ , and ” and omit paragraph (c).