SCHEDULES

SCHEDULE 18Requirement to correct certain offshore tax non-compliance

PART 4Supplementary

Interpretation: minor

32

1

In this Schedule (apart from the amendments made by Part 3)—

  • “HMRC” means Her Majesty's Revenue and Customs;

  • “tax period” means a tax year or other period in respect of which tax is charged (or in the case of inheritance tax, the year beginning with 6 April and ending on the following 5 April in which the liability to tax first arose);

  • “tax year”, in relation to inheritance tax, means a period of 12 months beginning on 6 April and ending on the following 5 April;

  • “UK” means the United Kingdom, including its territorial sea.

2

A reference to making a return or doing anything in relation to a return includes a reference to amending a return or doing anything in relation to an amended return.

3

References to delivery (of a document) include giving, sending and any other similar expressions.

4

A reference to delivering a document to HMRC includes—

a

a reference to communicating information to HMRC in any form and by any method (whether by post, fax, email, telephone or otherwise, and

b

a reference to making a statement or declaration in a document.

5

References to an assessment to tax, in relation to inheritance tax, are to a determination.

6

An expression used in relation to income tax has the same meaning as in the Income Tax Acts.

7

An expression used in relation to capital gains tax has the same meaning as in the enactments relating to that tax.

8

An expression used in relation to inheritance tax has the same meaning as in IHTA 1984.