SCHEDULE 1Consequential Amendments and Supplemental Provisions – Primary Legislation
Finance Act 2000I1291
1
Paragraph 123 is amended as follows.
2
In sub-paragraph (1)—
a
for “122” substitute “121”; and
b
in paragraph (a) omit “made, confirmed or treated as confirmed by the Commissioners on a review under paragraph 121 (“the original assessment”)”.
3
In sub-paragraph (2)—
a
for “122” substitute “121”; and
b
in paragraph (b)—
i
after “tribunal,” insert “a review or”; and
ii
after “decision” insert “as appropriate”.
4
In sub-paragraph (3) for “122” substitute “121”.
5
In sub-paragraph (4)—
a
for the first occurrence of “122” substitute “121”; and
b
for “at such rate as the appeal tribunal may determine” substitute “at the rate applicable under section 197 of the Finance Act 1996”.
6
In sub-paragraph (5)—
a
for “122” substitute “121”; and
b
for “at such rate as the appeal tribunal may determine” substitute “at the rate applicable under section 197 of the Finance Act 1996”.
7
In sub-paragraph (6)—
a
in paragraph (a) for “122” substitute “121”; and
b
for the words after paragraph (b) substitute—
it shall be paid with interest at the rate applicable under section 197 of the Finance Act 1996
8
After sub-paragraph (6) insert—
6A
Interest under sub-paragraph (6) shall be paid without any deduction of income tax.
9
For sub-paragraph (7) substitute—
7
Sections 85 and 85B of the Value Added Tax Act 1994 (settling of appeals by agreement and payment of tax where there is a further appeal)156 shall have effect as if—
a
the references to section 83 of that Act included references to paragraph 121 above, and
b
the references to value added tax included references to climate change levy.