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SCHEDULEAMENDMENTS TO PRIMARY LEGISLATION: TAX CREDITS

PART 2AMENDMENTS TO THE TAX COLLECTION AND MANAGEMENT (WALES) ACT 2016

31.  In section 133 of TCMA(1) (penalty for failure to notify under-assessment or under-determination), after subsection (1) insert—

(1A) A person is also liable to a penalty where—

(a)a WRA assessment under section 55A understates the amount that the person is required to pay to WRA, and

(b)the person has failed to take reasonable steps to notify WRA, within the period of 30 days beginning with the day on which the notice of assessment is issued, that it is an under-assessment.

(1)

Section 133 was amended by LTTA, Schedule 23, paragraph 50.