SCHEDULES

SCHEDULE 14Gifts to the nation

PART 4General provision

General interpretation

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In this Schedule—

  • “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs;

  • “company” has the meaning given in section 992 of ITA 2007;

  • “corporation tax” includes any amount assessable or chargeable as if it were corporation tax;

  • “HMRC” means Her Majesty's Revenue and Customs;

  • “late payment interest” means interest under section 101 of FA 2009, or under or by virtue of Part 9 of TMA 1970, on amounts payable to HMRC;

  • “late payment penalty” means a penalty under Schedule 56 to FA 2009.

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Nothing in this Schedule is to give rise to any right or expectation that an offer made as mentioned in paragraph 1 will be accepted.