SCHEDULES

SCHEDULE 39Time limits for assessments, claims etc.

60ITA 2007

In section 372 (withdrawal or reduction of community investment tax relief), insert at the end—

4

An assessment under this paragraph may be made at any time not more than 6 years after the end of the tax year for which the relief was obtained.

5

Subsection (4) is without prejudice to section 36(1A) of TMA 1970 (loss of tax brought about deliberately etc).