PART 2Residential property developer tax
Application of corporation tax provisions, management etc
45Application of corporation tax provisions and management of RPDT
1
The provisions of section 33(1) relating to the charging of a sum as if it were an amount of corporation tax is to be taken as applying all enactments applying generally to corporation tax.
2
But this is subject to—
a
the provisions of the Corporation Tax Acts,
b
any necessary modifications, and
c
subsection (5).
3
The enactments mentioned in subsection (1) include—
a
those relating to returns of information and the supply of accounts, statements and reports,
b
those relating to the assessing, collecting and receiving of corporation tax,
c
those conferring or regulating a right of appeal, and
d
those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
4
5
In the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (SI 1999/358) or any further regulations made under section 32 of FA 1998 (unrelieved surplus advance corporation tax)—
a
references to corporation tax do not include a sum chargeable on a company under section 33(1) as if it were corporation tax, and
b
references to profits charged to corporation tax do not include RPD profits.
6
Schedule 8 makes further provision about the management of RPDT.