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)”.