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Taxation (International and Other Provisions) Act 2010

Section 77C of TMA: Secondary-liability notices

1269.This section sets out how a notice must be served on the licensee and how the amount due is to be calculated. It is based on paragraphs 4, 4A, 7A and 8A of Schedule 15 to FA 1973 and section 86(3) of F(No 2)A 1987.

1270.Subsection (2) sets out the basic calculation, but this may be modified in cases where an exemption certificate has been issued – see sections 77F and 77G of TMA, inserted by this Schedule.

1271.The source legislation refers to interest under section 86 of TMA. Interest under section 87A of TMA was added by section 86(3)(b) of F(No 2)A 1987.

1272.Certain cases involving contracts made before 23 March 1973 are excluded – see section 77E of TMA.

1273.References to the Board have been changed to references to an officer of Revenue and Customs in line with practice. See Change 2 in Annex 1.

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