Taxes Management Act 1970
PART IAdministration
1Taxes under care and management of the Board
2General Commissioners
3Clerk to General Commissioners
4Special Commissioners
5General and Special Commissioners
6Declarations on taking office
PART IIReturns of Income and Gains
Income tax
7Notice of liability to tax
8Return of income
9Partnership return
Corporation tax
10Notice of liability to corporation tax
11Return of profits
Capital gains
12Information about chargeable gains
PART IIIOther Returns and Information
13Persons in receipt of taxable income belonging to others
14Return of lodgers and inmates
15Return of employees, etc.
16Fees, commissions, etc.
17Interest paid or credited by banks etc. without deduction of income tax
18Interest paid without deduction of income tax
19Information for purposes of Schedule A
Production of accounts, books and other information
20Powers in connection with trades, professions and vocations
21Stock jobbers' transactions
Surtax
22Additional particulars for surtax
23Power to obtain copies of registers of securities
24Power to obtain information as to income from securities
Chargeable gains
25Issuing houses, stockbrokers, auctioneers, etc.
26Nominee shareholders
27Settled property
28Non-resident companies and trusts
PART IVAssessment and Claims
29Assessing procedure
30Recovery of tax repaid in consequence of fraud or negligence
31Right of appeal
Relief for excessive assessments
32Double assessment
33Error or mistake
Time limits
34Ordinary time limit of six years
35Emoluments received after year for which they are assessable
36Fraud or wilful default
37Neglect: income tax and capital gains tax
38Modification of s. 37 in relation to partnerships
39Neglect: corporation tax
40Assessment on personal representatives
41Leave of General or Special Commissioners required for certain assessments
Claims
42Procedure for making claims
43Time limit for making claims
PART VAppeals and Other Proceedings
Jurisdiction
44General Commissioners
45Quorum of Special Commissioners
46General and Special Commissioners
47Special jurisdiction relating to tax on chargeable gains
Proceedings before Commissioners
48Application to appeals and other proceedings
49Proceedings brought out of time
50Procedure
51Power of Commissioners to obtain information from appellant
52Evidence
53Summary award of penalties
54Settling of appeals by agreement
55Recovery of tax not in dispute
56Statement of case for opinion of the High Court
Chargeable gains
57Regulations about appeals
Northern Ireland
58Proceedings in tax cases in Northern Ireland
59Election for county court in Northern Ireland
PART VICollection and Recovery
60Issue of demand notes and receipts
Distraint and poinding
61Distraint by collectors
62Priority of claim for tax
63Recovery in Scotland
64Priority of claim for tax in Scotland
Court proceedings
65Magistrates' courts
66County courts
67Inferior courts in Scotland
68High Court, etc.
Supplemental
69Interest on tax
70Evidence
PART VIIPersons Chargeable in a Representative Capacity, etc.
Income tax
71Bodies of persons
72Trustees, guardians, etc. of incapacitated persons
73Further provision as to infants
74Personal representatives
75Receivers appointed by a court
76Protection for certain trustees, agents and receivers
Capital gains tax
77Application of Part VII to capital gains tax
PART VIIICharges on Non-Residents
Income tax
78Method of charging non-residents
79Profits from branch or agency
80Charge on percentage of turnover
81Taxation on basis of merchanting profit
82Savings
83Responsibilities and indemnification of persons in whose name a non-resident person is chargeable
Capital gains tax
84Gains from branch or agency
Corporation tax
85Application of Part VIII to corporation tax
PART IXInterest on Overdue Tax
86Interest on overdue tax
87Interest on overdue income tax on company distributions etc.
88Interest on tax recovered to make good loss due to taxpayer's fault
89The prescribed rate of interest
90Disallowance of relief for interest on tax
91Effect on interest of reliefs
92Remission in certain cases of interest on tax in arrear by reason of exchange restrictions
PART XPenalties, etc.
93Failure to make return for income tax or capital gains tax
94Failure to make return for corporation tax
95Incorrect return or accounts for income tax or capital gains tax
96Incorrect return or accounts for corporation tax
97Incorrect return or accounts: supplemental
98Special returns, etc.
99Assisting in making incorrect return, etc.
100Procedure for recovery of penalties
101Evidence of profits for purposes of preceding provisions of Part X
102Mitigation of penalties
103Time limit for recovery of penalties
104Saving for criminal proceedings
105Evidence in cases of fraud or wilful default
106Refusal to allow a deduction of income tax, and avoidance of agreements for payment without deduction
Scotland
107Criminal liability for false statements made to obtain allowances
PART XIMiscellaneous and Supplemental
Companies
108Responsibility of company officers
109Tax at the standard rate on close companies
Valuation
110Valuation of land: power of entry
111Valuation of assets: power to inspect
Documents
112Loss, destruction or damage to assessments, returns, etc.
113Form of returns and other documents
114Want of form or errors not to invalidate assessments, etc.
115Delivery and service of documents
116Receipts, etc. exempt from stamp duty
Northern Ireland
117Action of ejectment in Northern Ireland
Interpretation
118Interpretation
PART XIIGeneral
119Commencement and construction
120Short title
SCHEDULES
SCHEDULE 1Forms of Declarations
PART IGeneral and Special Commissioners and Others
PART IICommissioners of Inland Revenue
PART IIIInspectors, Collectors and other Officers
SCHEDULE 2Jurisdiction in Appeals on Claims
Appeal from inspector
1(1) Except as otherwise provided by the following provisions of...
2(1) An appeal from a decision of an inspector on...
Appeal from Board
3Except as otherwise provided by any provision of the Taxes...
SCHEDULE 3Rules for Assigning Proceedings to Commissioners
SCHEDULE 4Savings and Transitory Provisions
Declaration of secrecy
1(1) Section 6(4) of this Act shall not apply to...
Information about interest paid or credited without deduction of tax by banks, etc.
2A notice served under section 29 of the Income Tax...
Assessments
3(1) Section 36 of this Act shall not apply to...
Claims
4(1) This paragraph has effect as respects relief under any...
5An appeal, or other proceedings in the nature of an...
6(1) Any relief obtainable under section 87(8) of the Finance...
Choice of Commissioners to hear proceedings
7Neither section 44 of this Act nor any other provision...
Settling of appeals by agreement
8Section 54 of this Act shall apply to the Board...
Interest on tax
9(1) For the purposes of section 86(3) of this Act,...
Penalties, etc.
10Section 98 of this Act shall have effect as if...
11Section. 103(2) of this Act shall not apply to tax...
12The repeals made by the principal Act shall not affect...
Northern Ireland
13For the purposes of section 3 of the Northern Ireland...
14Part V of this Act, and the repeal by the...

Taxes Management Act 1970

1970 Chapter 9

An Act to consolidate certain of the enactments relating to income tax, capital gains tax and corporation tax, including certain enactments relating also to other taxes.

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—