SCHEDULES
SCHEDULE 10Public interest business protection tax
PART 3Administration
24Overpaid tax
1
Paragraphs 51 to 51G of Schedule 18 to FA 1998 (overpaid tax) apply, as those provisions apply in relation to a claim for repayment or discharge of corporation tax, for the purposes of making a claim for repayment or discharge of an amount of public interest business protection tax (an “overpayment claim”) where the person believes the tax is not due.
2
Those provisions have effect for the purposes of an overpayment claim as if—
a
in paragraph 51—
i
in sub-paragraph (4), the reference to Part 7 of Schedule 18 to FA 1998 were to paragraph 25 of this Schedule, and
ii
in sub-paragraph (6), for paragraphs (a) and (b) there were substituted—
a
by provision made by or under Schedule 10 to the Finance Act 2022, or
b
by provision having effect for the purposes of public interest business protection tax as a result of provision made by or under that Schedule.
b
in paragraph 51A(3), for “the Corporation Tax Acts” there were substituted “—
a
provision made by or under Schedule 10 to the Finance Act 2022, or
b
provision having effect for the purposes of public interest business protection tax as a result of provision made by or under that Schedule
c
in paragraph 51B—
i
ii
sub-paragraphs (2) and (3) were omitted, and
d
in paragraph 51BA(1)—
i
in paragraph (a), for “paragraph 36 or 37” there were substituted “paragraph 12 of Schedule 10 to the Finance Act 2022”
, and
e
paragraphs 51C and 51D were omitted,
f
in paragraph 51E—
i
references to a discovery assessment were to a discovery assessment under this Schedule (see paragraph 18),
ii
references to a discovery determination were omitted, and
iii
in sub-paragraph (2)(a), for “restrictions in paragraphs 42 to 45” there were substituted “restriction in paragraph 18(2) of Schedule 10 to the Finance Act 2022”
,
g
paragraph 51F were omitted, and
h
in paragraph 51G—
i
in sub-paragraph (1), for “company” there were substituted “person”
, and
ii
in sub-paragraph (3)(c), the reference to paragraph 51F(1)(b) were omitted.