Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

[SCHEDULE 19A U.K. UNDERWRITERS: ASSESSMENT AND COLLECTION OF TAX]

Modifications etc. (not altering text)

C1 For 1988-89and also as Schedule 16A to Finance Act 1973for 1986-87and 1987-88.See S.I.1990 No.627 (in Part III Vol.5)for regulations affecting Schedule 16Afor 1987-88.

Assessment of individual members: time limits U.K.

9 For the purposes of sections 36, [F1 of the Taxes Management Act 1970 (extension of time in cases of [fraudulent or negligent conduct F1 ], anything done or omitted to be done by the [managing F2 ] agent shall be deemed to have been done or omitted to be done by each member of the syndicate.]

Textual Amendments

F1 1989 s.149(6)(4)(a)(iii)—not to affect assessments before 1983-84 oraccounting periods before 1April 1983.Previously

“37, 40 and 41”

and

“fraud, wilful default or neglect”.

F2 S.I. 1990 No.2524 reg. 3(4)coming into force 2January 1991for 1988-89and subsequent years.