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

in sub-paragraph (1), for “more than 4 years after the end of the relevant accounting period” there were substituted “after the last day on which a self-assessment may be made and delivered in relation to the tax (see paragraphs 8(5) and 10(5) of Schedule 10 to the Finance Act 2022)”,

ii

sub-paragraphs (2) and (3) were omitted, and

iii

in sub-paragraph (4), for “company tax return” there were substituted “return under paragraph 8 or 9 of Schedule 10 to the Finance Act 2022”,

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

ii

in paragraph (b) for sub-paragraph (iii) there were substituted—

iii

the last day on which a self-assessment may be made and delivered in relation to the tax (see paragraphs 8(5) and 10(5) of Schedule 10 to the Finance Act 2022) has passed, 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.