SCHEDULEAMENDMENTS TO PRIMARY LEGISLATION: TAX CREDITS
PART 2AMENDMENTS TO THE TAX COLLECTION AND MANAGEMENT (WALES) ACT 2016
11
1
Section 45 of TCMA6 (amendment of tax return during enquiry to prevent loss of tax) is amended as follows.
2
After subsection (1) insert—
1A
If, during the period when an enquiry into a tax return is in progress, WRA forms the opinion—
a
that the amount of tax credit claimed in the tax return is excessive, and
b
that, unless the return is immediately amended, there is likely to be a loss of devolved tax,
WRA may by notice issued to the person who made the return amend it so that the amount claimed is no longer excessive.
3
In subsection (2)—
a
the words from “subsection (1) applies” to the end become paragraph (a);
b
at the end of that paragraph insert
, and
b
subsection (1A) applies only so far as the excessive amount is attributable to the amendment.
4
In subsection (3), after “subsection (1)” insert “or (1A)”.