SCHEDULES
SCHEDULE 14Digital reporting and record-keeping for income tax etc: further amendments
PART 2Amendments of other Acts
FA 2014
46
1
Schedule 32 (accelerated payments and partnerships) is amended as follows.
2
In paragraph 1 (interpretation)—
a
in sub-paragraph (2)—
i
the words from “in pursuance” to the end become paragraph (a);
ii
at the end of that paragraph insert “
(a “section 12AA partnership return”), or
”
;
iii
after that paragraph insert—
b
required by regulations under paragraph 10 of Schedule A1 to TMA 1970 (a “Schedule A1 partnership return”).
b
in sub-paragraph (3) after “in relation to a” insert “
section 12AA
”
;
c
after sub-paragraph (3) insert—
3A
“The nominated partner”, in relation to a Schedule A1 partnership return, has the meaning given by paragraph 5 of Schedule A1 to TMA 1970.
3
In paragraph 2(2) (restriction on circumstances when accelerated payment notices can be given) after “a successor of that partner” insert “
(in relation to a section 12AA partnership return), or to the nominated partner of the partnership (in relation to a Schedule A1 partnership return)
”
.
4
In paragraph 3(5)(a) (circumstances in which partner payment notices can be given) after “or a successor of that partner” insert “
(in relation to a section 12AA partnership return), or the nominated partner (in relation to a Schedule A1 partnership return)
”
.
F15
In paragraph 8(2)(aa) (withdrawal etc of partner payment notices), before “partnership return”, in both places, insert “section 12AA”.