Prospective
(1)The Scottish Ministers may by regulations provide that a registrable person must—
(a)account for tax by reference to such periods (“accounting periods”) as may be specified,
(b)make returns in relation to such accounting periods,
(c)pay tax at such times and in such manner as may be specified.
(2)Regulations under subsection (1) may include provision—
(a)for the tax falling in accordance with the regulations to be accounted for by reference to one accounting period to be treated in specified circumstances, and for specified purposes, as tax due for a different period,
(b)for the correction of errors made when accounting for the tax by reference to any period,
(c)for consequential adjustments required in connection with such errors,
(d)for a person, for purposes connected with the making of any such consequential adjustment, to be required to provide to any specified person, or to retain, a document in the specified form containing specified particulars of the matters to which the adjustment relates,
(e)enabling Revenue Scotland, in such cases as it considers appropriate, to dispense with or relax a requirement imposed by regulations made by virtue of paragraph (d),
(f)for the amount of tax which, in accordance with the regulations, is treated as due for a later period than that in which it should have been accounted for, to be treated as increased by an amount representing interest at the rate applicable under section 220 of the Revenue Scotland and Tax Powers Act 2014 (rates of interest) for such period as may be determined in accordance with the regulations.
(3)In this section “specified” means specified in the regulations.
Commencement Information
I1S. 23 not in force at Royal Assent, see s. 64(2)