SCHEDULES
SCHEDULE 19 Company tax returns, etc.: minor and consequential amendments
Taxes Management Act 1970 (c.9)
14
1
Section 30B of the Taxes Management Act 1970 (amendment of partnership statement where loss of tax discovered) is amended as follows.
2
For subsection (2) substitute—
2
Where a partnership statement is amended under subsection (1) above, the officer shall by notice to each of the relevant partners amend—
a
the partner’s self-assessment under section 9 of this Act, or
b
the partner’s company tax return,
so as to give effect to the amendments of the partnership statement.
3
In subsection (7)(b) for “section 8, 8A or 11” substitute “
section 8 or 8A
”
.
4
In subsection (9) for the definition of “profits” substitute—
“profits”—
a
in relation to income tax, means income,
b
in relation to capital gains tax, means chargeable gains, and
c
in relation to corporation tax, means profits as computed for the purposes of that tax;