SCHEDULES

SCHEDULE 14 U.K.Digital reporting and record-keeping for income tax etc: further amendments

Prospective

PART 1 U.K.Amendments of TMA 1970

[F1 10BA(1) Section 12ABZAA (returns relating to LLP not carrying on business etc with view to profit) is amended as follows. U.K.

(2) For subsection (2) substitute—

“(2) For the purposes of the relevant enactments—

(a) where the relevant return purports to be a section 12AA partnership return, treat it as a section 12AA partnership return;

(b) where the relevant return purports to be a Schedule A1 partnership return, treat it as a Schedule A1 partnership return,

(and, accordingly, anything done under a relevant enactment in connection with the relevant return has the same effect as it would have if done in connection with a section 12AA or Schedule A1 partnership return (as the case may be) in a corresponding partnership case).”

(3) In subsection (5), in the definition of “purported partnership return”—

(a) in paragraph (a), for “partnership return” substitute “section 12AA or Schedule A1 partnership return”;

(b) in paragraph (b), for “partnership return” substitute “section 12AA or Schedule A1 partnership return (as the case may be)”.]

Textual Amendments

F1 Sch. 14 para. 10BA inserted (22.7.2020) by Finance Act 2020 (c. 14), s. 104(4)