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Finance Act 2010

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This is the original version (as it was originally enacted).

Overpaid tax etc

This section has no associated Explanatory Notes

31(1)Paragraphs 50 to 51G of Schedule 18 to FA 1998 (overpaid tax etc) apply (so far as relevant) to bank payroll tax assessable for the chargeable period as they apply to corporation tax assessable for an accounting period, subject to the following modifications.

(2)With respect to bank payroll tax, a claim under paragraph 51 may not be made after 31 August 2014.

(3)For the purposes of paragraph 51E, the relevant restrictions for making a discovery assessment under this Schedule are—

(a)the conditions mentioned in paragraph 25(3), and

(b)expiry of the relevant deadline as defined in paragraph 27.

(4)Nothing in sub-paragraph (1) permits a taxable company to make a claim under paragraph 51 of Schedule 18 to FA 1998 with respect to bank payroll tax merely because an amount determined under paragraph 7(2), 12(2) or 13(3) differs from the amount which is actually paid or provided (or loaned).

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