SCHEDULES
SCHEDULE 18Accelerated payments: group relief
Consequential amendment
11
In section 55 of TMA 1970 (recovery of tax not postponed), in subsection (8C) omit the “or” after paragraph (b) and after paragraph (c) insert
, or
d
the amount of tax specified in an assessment under paragraph 76 of Schedule 18 to the Finance Act 1998 where—
i
an asserted surrenderable amount is specified in the notice under section 220(2)(d) of the Finance Act 2014 or under paragraph 4(1)(d) of Schedule 32 to that Act, and
ii
the claimant company has failed to act in accordance with paragraph 75(6) of Schedule 18 to the Finance Act 1998.