SCHEDULES
SCHEDULE 29Amendments to machinery of self-assessment
Part 5Minor and consequential amendments
24Other amendments of the Taxes Management Act 1970
1
Section 30B of the Taxes Management Act 1970 (amendment of partnership statement where loss of tax discovered) is amended as follows.
2
In subsection (1) for “amend the statement” substitute “amend the partnership return”.
3
For subsection (2) substitute—
2
Where a partnership return is amended under subsection (1) above, the officer shall by notice to each of the relevant partners amend—
a
the partner’s return under section 8 or 8A of this Act, or
b
the partner’s company tax return,
so as to give effect to the amendments of the partnership return.
4
In subsections (6)(a) and (7)(b) for “return under section 12AA of this Act” substitute “partnership return”.