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Finance Act 2000
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- UK Public General Acts
- 2000 c. 17
- SCHEDULE 6
- Part VII
- Time limits for assessments
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Changes over time for: Cross Heading: Time limits for assessments
Alternative versions:
- 28/07/2000- Amendment
- 01/04/2010- Amendment
- 12/03/2015
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There are currently no known outstanding effects for the Finance Act 2000, Cross Heading: Time limits for assessments.
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Time limits for assessmentsU.K.
80(1)An assessment under paragraph 78 or 79 of an amount of levy due for any accounting period—U.K.
(a)shall not be made more than two years after the end of the accounting period unless it is made within the period mentioned in sub-paragraph (2); and
(b)subject to sub-paragraph (3), shall not in any event be made more than [F14 years] after the end of that accounting period.
(2)The period referred to in sub-paragraph (1)(a) is the period of one year after evidence of facts sufficient in the Commissioners’ opinion to justify the making of the assessment first came to their knowledge.
[F2(3)An assessment of an amount due from a person in a case involving a loss of levy—
(a)brought about deliberately by the person (or by another person acting on that person's behalf), or
(b)attributable to a failure by the person to comply with an obligation under paragraph 53 or 55,
may be made at any time not more than 20 years after the end of the accounting period to which it relates (subject to sub-paragraph (4)).
(3A)In sub-paragraph (3)(a) the reference to a loss brought about deliberately by the person includes a loss brought about as a result of a deliberate inaccuracy in a document given to Her Majesty's Revenue and Customs by or on behalf of that person.]
(4)Where, after a person’s death, the Commissioners propose to assess an amount of levy as due by reason of some conduct of the deceased—
(a)the assessment shall not be made more than [F34 years] after the death; F4...
F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)Nothing in this paragraph shall prejudice the powers of the Commissioners under paragraph 78(4).
Textual Amendments
F1Words in Sch. 6 para. 80(1)(b) substituted (1.4.2010) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 35(2); S.I. 2010/867, art. 2(1) (with art. 18)
F2Sch. 6 para. 80(3)(3A) substituted for Sch. 6 para. 80(3) (1.4.2010) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 35(3); S.I. 2010/867, art. 2(1) (with art. 19)
F3Words in Sch. 6 para. 80(4)(a) substituted (1.4.2010) by Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 35(4)(a); S.I. 2010/867, art. 2(1) (with art. 20)
F4Sch. 6 para. 80(4)(b) and word omitted (1.4.2010) by virtue of Finance Act 2009 (c. 10), s. 99(2), Sch. 51 para. 35(4)(b); S.I. 2010/867, art. 2(1) (with art. 20)
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