SCHEDULE 21 Self-assessment etc: Transitional Provisions
Finance Act 1995 (1995 c 4) | Legislation

SCHEDULE 21 Self-assessment etc: Transitional Provisions

Section 116(1)

Notice of liability

1

Section 7 of the Management Act (notice of liability) shall have effect respects the year 1995–96 as if the reference in subsection (7) to a self-assessment made under section 9 of that Act in respect of that year were a reference to assessments made more than six months after the end of that year.

Payments on account of income tax

2

(1)     Section 59A of that Act (payments on account of income tax) shall have effect as respects the year 1996–97 with the modifications made by sub-paragraphs (2) to (7) below.

(2)     The references in subsections (1)(a) and (4A) to a person being assessed income tax under section 9 of that Act shall be construed as references to his being assessed to income tax under section 29 of that Act.

(3)     The reference in subsection (1)(b) to the assessed amount shall construed as a reference to the difference between that amount and the aggregate of the following, namely—

(a)     so much of any income

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