[F1[F2Assessments: consequential modificationsU.K.
Textual Amendments
F1Sch. 3B inserted (with effect in accordance with s. 23(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 2 para. 4
F2Sch. 3B Pt. 3 substituted (with effect in accordance with Sch. 22 paras. 23, 25 of the amending Act) by Finance Act 2014 (c. 26), Sch. 22 para. 8
16BU.K.References to prescribed accounting periods in the following provisions are to be read in accordance with the modifications made by paragraphs 16 and 16A—
(a)section 74 (interest on VAT recovered or recoverable by assessment);
(b)section 76 (assessment of amounts due by way of penalty, interest or surcharge);
(c)section 77 (assessment: time limits).]]