SCHEDULEAMENDMENTS TO PRIMARY LEGISLATION: TAX CREDITS

PART 2AMENDMENTS TO THE TAX COLLECTION AND MANAGEMENT (WALES) ACT 2016

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1

Section 128 of TCMA14 (time limit for assessment of penalties under Chapter 2) is amended as follows.

2

In subsection (2)—

a

omit the “or” after paragraph (a);

b

at the end of paragraph (b) insert

, or

c

in the case of a failure to pay an amount payable in respect of a tax credit, the penalty date.

3

In subsection (3), after paragraph (b) insert—

c

in the case of a failure to pay an amount payable in respect of a tax credit, the end of the appeal period for the assessment of the amount in respect of which the penalty is assessed.

4

After subsection (4) insert—

4A

In subsection (2)(c), “penalty date” has the meaning given by section 123A(3).

5

In subsection (5) omit “(a) and (b)”.