SCHEDULES

SCHEDULE 29 AMENDMENTS TO MACHINERY OF SELF-ASSESSMENT

Part 5 MINOR AND CONSEQUENTIAL AMENDMENTS

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1

Section 30B of the Taxes Management Act 1970 (amendment of partnership statement where loss of tax discovered) is amended as follows.

2

In subsection (1) for “amend the statement” substitute “ amend the partnership return ”.

3

For subsection (2) substitute—

2

Where a partnership return is amended under subsection (1) above, the officer shall by notice to each of the relevant partners amend—

a

the partner’s return under section 8 or 8A of this Act, or

b

the partner’s company tax return,

so as to give effect to the amendments of the partnership return.

4

In subsections (6)(a) and (7)(b) for “return under section 12AA of this Act” substitute “ partnership return ”.