70Counteraction of tax advantages: payment of tax charged etc.
This section has no associated Explanatory Notes
(1)This section applies where—
(a)a designated officer gives a taxpayer a notice under section 69, and
(b)the notice sets out the adjustments required to give effect to the counteraction of a tax advantage.
(2)The taxpayer must pay any amount, or additional amount, of tax chargeable or penalty or interest imposed as a result of the adjustments before the end of the period of 30 days beginning with the date on which the notice is issued.
(3)Subsection (2) applies in place of any other provision of this Act or any other enactment which specifies a time limit for the payment of tax, penalty or interest.