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Changes over time for: Section 88
Timeline of Changes
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Version Superseded: 01/04/2010
Status:
Point in time view as at 10/07/2008. This version of this provision has been superseded.
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Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2005, Section 88.
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88Self-assessment amendmentsU.K.
(1)In section 9A of TMA 1970 (notice of enquiry), in subsection (4) (matters to which an enquiry extends) after paragraph (b) insert—
“(c)consideration of whether to give the taxpayer a notice under section 804ZA of the principal Act (schemes and arrangements designed to increase relief),”.
(2)In section 29 of TMA 1970 (assessment where loss of tax discovered), after subsection (7) insert—
“(7A)The requirement to fulfil one of the two conditions mentioned above does not apply so far as regards any income or chargeable gains of the taxpayer in relation to which the taxpayer has been given, after any enquiries have been completed into the taxpayer's return, a notice under section 804ZA of the principal Act.”
(3)In Schedule 18 to FA 1998 (company tax returns, assessments, etc), in paragraph 25(1) (scope of enquiry) after “medium-sized enterprise)” insert “ or a notice under section 804ZA of the Taxes Act 1988 (schemes and arrangements designed to increase relief) ”.
(4)In paragraph 42 of that Schedule (restrictions on power to make discovery assessment etc), after sub-paragraph (2) insert—
“(2A)Those restrictions, other than the restriction in paragraph 45, do not apply so far as regards any income or chargeable gains of the company in relation to which the company has been given, after any enquiries have been completed into the return, a notice under section 804ZA of the Taxes Act 1988.”
(5)The amendments made by this section have effect in accordance with section 87(3).
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