SCHEDULE 27 Schedules 24 to 26: Consequential Provision
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 27 Schedules 24 to 26: Consequential Provision

Section 118

Taxes Management Act 1970

1

TMA 1970 is amended as follows.

2

For section 8B(8) (withdrawal of notice to file personal or trustee return) substitute—

“(8)     See paragraph 21 of Schedule 24 and paragraph 16 of Schedule 25 to the Finance Act 2021 as to the cancellation of liabilities under those Schedules by including provision in a notice under this section.”

3

For section 12AAA(9) (withdrawal of notice to file partnership return) substitute—

“(9)     See paragraph 21 of Schedule 24 and paragraph 16 of Schedule 25 to the Finance Act 2021 as to the cancellation of liabilities under those Schedules by including provision in a notice under this section.”

4

In section 49E (nature of review etc), after subsection (5) insert—

“(5A)     See section 49EA concerning additional conclusions a review can reach in the case of penalties under Schedule 24 to the Finance Act 2021.”

5

After section 49E insert—

“49EA Nature of review: penalties under Schedule 24 to FA 2021

(1)     This section applies if—

(a)     notice of appeal has been given to HMRC under paragraph 22(b) of Schedule

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