291.—(1) Paragraph 123 is amended as follows.
(2) In sub-paragraph (1)—
(a)for “122” substitute “121”; and
(b)in paragraph (a) omit “made, confirmed or treated as confirmed by the Commissioners on a review under paragraph 121 (“the original assessment”)”.
(3) In sub-paragraph (2)—
(a)for “122” substitute “121”; and
(b)in paragraph (b)—
(i)after “tribunal,” insert “a review or”; and
(ii)after “decision” insert “as appropriate”.
(4) In sub-paragraph (3) for “122” substitute “121”.
(5) In sub-paragraph (4)—
(a)for the first occurrence of “122” substitute “121”; and
(b)for “at such rate as the appeal tribunal may determine” substitute “at the rate applicable under section 197 of the Finance Act 1996”.
(6) In sub-paragraph (5)—
(a)for “122” substitute “121”; and
(b)for “at such rate as the appeal tribunal may determine” substitute “at the rate applicable under section 197 of the Finance Act 1996”.
(7) In sub-paragraph (6)—
(a)in paragraph (a) for “122” substitute “121”; and
(b)for the words after paragraph (b) substitute—
“it shall be paid with interest at the rate applicable under section 197 of the Finance Act 1996”.
(8) After sub-paragraph (6) insert—
“(6A) Interest under sub-paragraph (6) shall be paid without any deduction of income tax. ”.
(9) For sub-paragraph (7) substitute—
“(7) Sections 85 and 85B of the Value Added Tax Act 1994 (settling of appeals by agreement and payment of tax where there is a further appeal)(1) shall have effect as if—
(a)the references to section 83 of that Act included references to paragraph 121 above, and
(b)the references to value added tax included references to climate change levy.”.
Commencement Information
I1Sch. 1 para. 291 in force at 1.4.2009, see art. 1(2)
1994 c. 23. Section 85B was inserted by paragraph 223 of this Schedule.