SCHEDULEAMENDMENTS TO PRIMARY LEGISLATION: TAX CREDITS
PART 2AMENDMENTS TO THE TAX COLLECTION AND MANAGEMENT (WALES) ACT 2016
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1
Section 135 of TCMA (potential lost revenue: normal rule) is amended as follows.
2
In subsection (1), after “devolved tax” insert “or tax credit”.
3
In subsection (2)—
a
omit the “and” after paragraph (a);
b
at the end of paragraph (b) insert
and
c
an amount which WRA would have been required to set off against a person’s liability to tax, or to pay to a person, had the inaccuracy or under-assessment not been corrected.