Transitional provisions and savings10.

(1)

This article applies where an event specified in paragraph 4 below relates to a year of assessment in respect of which a person (“P”) has not been given notice under—

(a)

section 8 of TMA 197012 (personal return),

(b)

section 8A of TMA 197013 (trustee’s return), or

(c)

section 12AA of TMA 197014 (partnership return),

within one year of the end of the year of assessment.

(2)

Where this article applies, the day appointed for the coming into force of paragraphs 1 to 31 and 37 to 65 is 1st April 2012.

(3)

But this article does not apply if, as regards P and a year of assessment, any income which ought to have been assessed to income tax or chargeable gains which ought to have been assessed to capital gains tax, have not been assessed, or an assessment to tax has become insufficient, or any relief which has been given has become excessive.

(4)

The events referred to in paragraph (1) above are—

(a)

an assessment on P to income tax or capital gains tax,

(b)

a claim by or on behalf of P, provided for by any provision of the Taxes Acts, and

(c)

a notice given by P under section 711 of the Income Tax (Earnings and Pensions Act) 200315 (right to make a return).

(5)

Nothing in this article has any application where P is a company.