SCHEDULES
SCHEDULE 19 Company tax returns, etc.: minor and consequential amendments
Taxes Management Act 1970 (c.9)
18
In section 36(1) of the Taxes Management Act 1970 (fraudulent or negligent conduct)—
(a)
for “loss of tax" substitute “
loss of income tax or capital gains tax
”
, and
(b)
for the words from “not later than" to the end substitute “
not later than 20 years after the 31st January next following the year of assessment to which it relates
”
.