- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
4(1)Subject to the following provisions of this Schedule, the amount of windfall tax with which a company is charged may be assessed on that company by the Board.
(2)An assessment of the amount of windfall tax with which a company is charged may be made whether or not any amount has been paid by that company in respect of that tax when the assessment is made.
(3)Subject to sub-paragraph (4) below, where—
(a)a company has delivered a return to the Board in pursuance of paragraph 1 above, and
(b)the Board are satisfied that the return is correct and complete,
the Board shall make an assessment in accordance with the return.
(4)The Board shall not be required to make an assessment under sub-paragraph (3) above in the case of a company whose return shows that it is not charged with windfall tax.
(5)Where the Board make an assessment under this paragraph in a case in which the assessment is not one which the Board are required to make under sub-paragraph (3) above in accordance with a return, the Board’s assessment shall be made to the best of their judgement.
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