Finance Act 1978

41 Date for payment of tax for 1977-78

(1) Where income tax under Schedule A, Schedule D or Schedule E was charged for the year 1977-78 by an assessment in the case of which the amount of tax charged was adjusted, after the issue of the notice of assessment and before the passing of this Act, so as to give effect to any of the provisions of the [1977 c. 53.] Finance (Income Tax Reliefs) Act 1977, any tax charged by the assessment which became due and payable—

(a) in the case of tax under Schedule A or Schedule D, before the expiration of a period of thirty days beginning with the date of notification of the adjustment; or

(b) in the case of tax under Schedule E, before the expiration of a period of fourteen days beginning with the date of the collector's application for payment next following notification of the adjustment,

shall be treated as having become due and payable at the expiration of that period.

(2) This section does not apply where the adjustment was made on the determination of an appeal, whether by the Commissioners or by agreement under section 54(1) of the [1970 c. 9.] Taxes Management Act 1970.