46 Changes to periods for delivering returns and paying tax
Finance Act 2019 (2019 c 1) | Legislation

46  Changes to periods for delivering returns and paying tax

(1)     FA 2003 is amended as follows.

(2)     In section 76(1) (duty to deliver land transaction return), for “30 days” substitute “14 days”.

(3)     For section 80(2) (adjustment where contingency ceases or consideration is ascertained) substitute—

“(2)     If the effect of the new information is that a transaction becomes notifiable, the purchaser must make a return to HMRC within 14 days.

(2A)     If the effect of the new information is that—

(a)     tax is payable in respect of a transaction where none was payable before and subsection (2) does not apply, or

(b)     additional tax is payable in respect of a transaction,

the purchaser must make a further return to HMRC within 30 days.

(2B)     For the purposes of subsections (2) and (2A), any tax or additional tax payable is calculated according to the effective date of the transaction.

(2C)     If a purchaser is required to make a return under subsection (2) or a further return under subsection (2A)—

(a)     that return must contain a self-assessment of the tax chargeable in respect of the transaction on the basis of the information contained in the return, and

(b)     the tax

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