SCHEDULES

SCHEDULE 32Accelerated payments and partnerships

5Representations about a partner payment notice

1

This paragraph applies where a partner payment notice has been given to a relevant partner under paragraph 3 (and not withdrawn).

2

The relevant partner has 90 days beginning with the day that notice is given to send written representations to HMRC—

a

objecting to the notice on the grounds that Condition A, B or C in that paragraph was not met, or

b

objecting to the amount specified in the notice under paragraph 4(1)(b).

3

HMRC must consider any representations made in accordance with sub-paragraph (2).

4

Having considered the representations, HMRC must—

a

if representations were made under sub-paragraph (2)(a), determine whether—

i

to confirm the partner payment notice (with or without amendment), or

ii

to withdraw the partner payment notice, and

b

if representations were made under sub-paragraph (2)(b) (and the notice is not withdrawn under paragraph (a)), determine whether a different amount ought to have been specified as the understated partner tax, and then—

i

confirm the amount specified in the notice, or

ii

amend the notice to specify a different amount,

and notify P accordingly.