142 Variation of attributionU.K.
(1)The shipowner may, by notice, vary an attribution under section 140 (notice attributing deferred amounts to new expenditure).
(2)The notice must be given to [F1an officer of Revenue and Customs] on or before the time limit for the shipowner to make a claim for deferment in respect of the relevant chargeable period.
(3)For the time limit for making a claim for deferment, see section 135(3) to (5).
(4)For the purposes of subsection (2), it is to be assumed that—
(a)the shipowner is liable to a balancing charge for the relevant chargeable period, and
(b)a claim for deferment of that balancing charge can be made for the relevant chargeable period.
(5)“The relevant chargeable period” means the earliest chargeable period in which expenditure to which the variation relates is incurred.
(6)If the person to whose expenditure the notice relates is not the shipowner, a notice under subsection (1) does not have effect unless the person joins the shipowner in giving it.
Textual Amendments
F1Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 83(1); S.I. 2005/1126, art. 2(2)(h)