SCHEDULES

SCHEDULE 32Accelerated payments and partnerships

Withdrawal, suspension or modification of partner payment notices

8

1

Section 227 (withdrawal, modification or suspension of accelerated payment notice) applies in relation to a relevant partner, a partner payment notice, Condition C in paragraph 3 and an accelerated partner payment as it applies in relation to P, an accelerated payment notice, Condition C in section 219 and an accelerated payment.

2

Accordingly, for this purpose—

F1za

section 227(2)(d), (12A) and (16) has effect as if the references to section 220(2)(d) or 221(2)(d) were to paragraph 4(1)(d) of this Schedule,

a

section 227(6)(b) and (7)(a) has effect as if the references to section 220(6) were to paragraph 4(5) of this Schedule, F2...

F4aa

section 227(7A) has effect as if the reference to a F6section 12AA partnership return to which the accelerated payment notice relates were a reference to the F6section 12AA partnership return in relation to which the partner payment notice is given;

b

the provisions listed in section 227(9) are to be read as including paragraph 6(5) of this ScheduleF3, F7...

c

section 227(12A) has effect as if the reference to section 225A(3) were to paragraph 6A(3) of this ScheduleF5and

d

section 227(13A) has effect as if the reference to section 223(2) were to paragraph 6(2) of this Schedule and the reference to section 223(5) were to paragraph 6(5) of this Schedule.