C1C3C4C2C5Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)

C3C4C2C5Chapter 7Compliance

Accounting and assessment

I1C3C4C2C5255C3C4C2C5Assessments under this Part

1

The Board of Inland Revenue may by regulations make provision for and in connection with the making of assessments in respect of—

a

the unauthorised payments charge,

b

the unauthorised payments surcharge,

c

liability to the lifetime allowance charge under section 217(2) (person to whom lump sum death benefit paid),

d

the scheme sanction charge,

e

liability under section 272 (trustees etc. liable as scheme administrator),

f

liability under section 273 (member liable as scheme administrator), and

g

liability under section 394 of ITEPA 2003 (benefit under employer-financed retirement benefits scheme: charge on responsible person).

2

The provision that may be made by the regulations includes (in particular) provision for the charging of interest on tax due under such assessments which remains unpaid.

3

The regulations may, in particular—

a

modify the operation of any provision of the Tax Acts, or

b

provide for the application of any provision of the Tax Acts (with or without modification).