Part 3 Amendments of other Acts
Finance Act 2022 (2022 c 3) | Legislation

Part 3 Amendments of other Acts

Taxes Management Act 1970

30

TMA 1970 is amended as follows.

31

In section 8 (personal return), in subsection (1C), omit “or its basis period”.

32

In Schedule A1 (as inserted by section 60(3) of F(No 2)A 2017), in paragraph 8 (end of period statement)—

(a)     for sub-paragraph (2) substitute—

“(2)     “Relevant period” means a tax year.”;

(b)     omit sub-paragraph (6)(b).

Capital Allowances Act 2001

33

CAA 2001 is amended as follows.

34

(1)     Section 59 (unrelieved qualifying expenditure) is amended as follows.

(2)     In subsection (4), for “with the basis period for the previous tax year” substitute “in the previous tax year (or, if there is more than one such period, the latest of them)”.

(3)     In subsection (8)(b)—

(a)     omit “the basis period for”;

(b)     for “with that basis period” substitute “in that tax year (or, if there is more than one such period, the latest of them)”.

35

In section 419A (unrelieved qualifying expenditure: entry to cash basis), in subsection (1), for “with the basis period for the tax year”, in both places, substitute “in the tax year (or, if there is more

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