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SCHEDULE 23E+WAMENDMENTS TO THE TAX COLLECTION AND MANAGEMENT (WALES) ACT 2016

12In section 43 (notice of enquiry)—E+W

(a)in subsection (1), for the words from ““period”” to the end substitute “ enquiry period (but see subsection (1B)). ”;

(b)after subsection (1) insert—

(1A)The enquiry period for a tax return is the period of 12 months beginning with the relevant date.

(1B)But WRA may enquire into a tax return after the expiry of the enquiry period if—

(a)the tax return is made in respect of a land transaction,

(b)after the tax return is made, a further return is made in respect of the same land transaction,

(c)WRA has issued a notice of enquiry into the further return, and

(d)WRA believes it is necessary to enquire into the tax return mentioned in paragraph (a).;

(c)in subsection (2), at the beginning insert “ For the purposes of subsection (1A), ”;

(d)in subsection (3), for the words ““in consequence of an amendment of the tax return under section 41”” substitute—

(a)as a result of an amendment of the tax return under section 41, or

(b)by virtue of subsection (1B);

(e)after subsection (3) insert—

(4)In subsection (1B), “"further return”” means a further return made under LTTA.

Annotations:

Commencement Information

I1Sch. 23 para. 12 in force at 1.4.2018 by S.I. 2018/34, art. 3