Income Tax (Trading and Other Income) Act 2005

332 In section 827 (VAT penalties etc.)—

(a) for “for any tax purposes”, in each place where it occurs, substitute “for any corporation tax purposes (but see also subsection (3)(a) below)”,

(b) in subsection (2) for “and income tax” substitute “(but see also subsection (3)(b) below)”, and

(c) at the end insert—

“(3) For income tax purposes—

(a) provision corresponding to that made by this section (other than subsection (2) above) is made by sections 54 and 869 of ITTOIA 2005, and

(b) provision corresponding to that made by subsection (2) above is made by section 777 of ITTOIA 2005 (as read with Chapter 10 of Part 6 of that Act).”