PART 5The general anti-avoidance rule
Counteracting tax advantages
70Counteraction of tax advantages: payment of tax charged etc.
1
This section applies where—
a
a designated officer gives a taxpayer a notice under section 69, and
b
the notice sets out the adjustments required to give effect to the counteraction of a tax advantage.
2
The taxpayer must pay any amount, or additional amount, of tax chargeable or penalty or interest imposed as a result of the adjustments before the end of the period of 30 days beginning with the date on which the notice is issued.
3
Subsection (2) applies in place of any other provision of this Act or any other enactment which specifies a time limit for the payment of tax, penalty or interest.