SCHEDULE 1Consequential Amendments and Supplemental Provisions – Primary Legislation
Income Tax (Trading and Other Income) Act 2005I1438
1
In section 54(2) (penalties, interest and VAT surcharges), the first column of the table is amended as follows.
2
In the entry relating to interest under section 74 of VATA 1994 after “74” insert “or 85A”.
3
For the entry relating to interest under paragraph 21 of Schedule 7 to FA 1994 substitute “Interest under section 60(8) of FA 1994 or paragraph 21 of Schedule 7 to FA 1994”.
4
For the entry relating to interest under paragraph 26 or 27 of Schedule 5 to FA 1996 substitute “Interest under section 56(5) of, or paragraph 26 or 27 of Schedule 5 to, FA 1996”.
5
In the entry relating to interest under any of paragraphs 70, 81 to 85 and 109 of Schedule 6 to FA 2000 for “and 109” substitute “, 109 and 123(6)”.
6
In the entry relating to interest under certain paragraphs of Schedules 5, 8 and 10 to FA 2001—
a
after “under” insert “section 42(6) of, or”; and
b
for “to FA 2001” substitute “to, FA 2001”.