PART 3Tax and administration of accounts
Assessments for withdrawing relief and recovering tax29
1
Where—
a
any relief or exemption from tax given in respect of income or gains under an account is found not to be due or to be excessive, or
b
the full amount of tax in respect of the income or gains under an account has not otherwise been fully accounted for and paid to the Board on behalf of the named child,
an assessment to tax may be made by the Board in the amount or further amount which in their opinion ought to be charged.
2
An assessment to which paragraph (1) refers may be made on the account provider or on the registered contact (in respect of the child where the child is under the age of 16).
3
If the assessment is made to recover tax in respect of income under an account it shall be made under Case VI of Schedule D.
4
Sections 72 and 73 of the Management Act shall be modified in relation to accounts, so that—
a
references to a parent or guardian include a reference to the registered contact for an account held by the named child, and
b
references to an incapacitated person, in relation to Scotland, are to a person under the age of 16 years.