Part 3 Administration
Finance Act 2022 (2022 c 3) | Legislation

Part 3 Administration

Requirement to file return and pay tax chargeable under paragraph 1

8

(1)     A person liable to tax as a result of paragraph 1 must make and deliver a return to an officer of Revenue and Customs before the end of the period of 30 days beginning with later of—

(a)     the day on which the person became liable,

(b)     the day on which the public interest business to which the tax relates entered special measures,

(c)     the day on which the £100 million threshold condition is met (see paragraph 1(9)), and

(d)     the day on which this Act is passed.

(2)     References in this Schedule to the day on which a person became liable to tax as a result of paragraph 1 (however framed) are to the date on which the first of the disqualifying steps to which the tax relates was taken.

(3)     A return under this paragraph must contain—

(a)     such information, accounts, statements and documents as are relevant to the person's liability to tax, and

(b)     an assessment of the amount (a “self-assessment”), on the basis of the information contained in the return, the person is liable to pay.

(4)

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