SCHEDULE 39Time limits for assessments, claims etc.
Consequential amendments
63
In section 178(3) of FA 1993 (stop-loss and quota share insurance)—
(a)
in paragraph (a), for “six years” substitute “
4 years
”
, and
(b)
in paragraph (b), for “fraudulent or negligent conduct” substitute “
loss of tax brought about carelessly or deliberately
”
.
64
In section 225(3)(b) of FA 1994 (stop-loss and quota share insurance), for “fraudulent or negligent conduct” substitute “
loss of tax brought about carelessly or deliberately
”
.
65
In consequence of the preceding provisions of this Schedule, omit—
(a)
section 149(4)(a)(i) and (ii) of FA 1989,
(b)
paragraphs 4 and 6 of Schedule 21 to FA 1996,
(c)
section 47(10) of FA 1997,
(d)
paragraph 18 of Schedule 19 to FA 1998, and
(e)
section 91(6)(b) of FA 2007.