Law

Taxes Management Act 1970

United Kingdom · statute

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In force since 2026-06-25, as the publisher states.

Copy read on 2026-11-08. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 330 provisions
  1. Title and introductory text
  2. 1 Responsibility for certain taxes
  3. 2 General Commissioners
  4. 2A General Commissioners: costs and expenses in legal proceedings.
  5. 3 Clerk to General Commissioners.
  6. 3A General Commissioners and clerks: indemnity.
  7. 4 Special Commissioners.
  8. 4A Deputy Special Commissioners.
  9. 5 General and Special Commissioners.
  10. 6 Declarations on taking office.
  11. 7 Notice of liability to income tax and capital gains tax.
  12. 7A Disregard of certain NRCGT gains for purposes of section 7
  13. 8 Personal return.
  14. 8ZA Interpretation of section 8(4A)
  15. 8A Trustee’s return.
  16. 8B Withdrawal by HMRC of notice under section 8 or 8A
  17. 8C Returns so far as relating to capital gains tax
  18. 9 Returns to include self-assessment.
  19. 9ZA Amendment of personal or trustee return by taxpayer
  20. 9ZB Correction of personal or trustee return by Revenue
  21. 9A Notice of enquiry
  22. 9B Amendment of return by taxpayer during enquiry
  23. 9C Amendment of self-assessment during enquiry to prevent loss of tax
  24. 9D Choice between different Cases of Schedule D
  25. 10 Notice of liability to corporation tax.
  26. 11 Return of profits.
  27. 11A Notice of liability to capital gains tax.
  28. 11AA Return of profits to include self-assessment.
  29. 11AB Power to enquire into return of profits.
  30. 11AC Modifications of sections 11AA and 11AB in relation to non-annual accounting of general insurance business.
  31. 11AD Modifications of sections 11AA and 11AB for insurance companies with non-annual actuarial investigations.
  32. 11AE Modifications of sections 11AA and 11AB for friendly societies with non-annual actuarial investigations.
  33. 12 Information about chargeable gains.
  34. 12ZA Interpretation of sections 12ZB to 12ZN
  35. 12ZB NRCGT return
  36. 12ZBA Elective NRCGT return
  37. 12ZC Single return in respect of two or more non-resident CGT disposals
  38. 12ZD NRCGT returns: grant and exercise of options
  39. 12ZE NRCGT return to include advance self-assessment
  40. 12ZF The “amount notionally chargeable”
  41. 12ZG Cases where advance self-assessment not required
  42. 12ZH NRCGT returns and annual self-assessment: section 8
  43. 12ZI NRCGT returns and annual self-assessment: section 8A
  44. 12ZJ Sections 12ZA to 12ZI: determination of residence status
  45. 12ZK Amendment of NRCGT return by the taxpayer
  46. 12ZL Correction of NRCGT return by HMRC
  47. 12ZM Notice of enquiry
  48. 12ZN Amendment of return by taxpayer during enquiry
  49. 12AA Partnership return.
  50. 12AAA Withdrawal by HMRC of notice under section 12AA
  51. 12AB Partnership return to include partnership statement.
  52. 12ABZA Partnership returns: overseas partners in investment partnerships etc
  53. 12ABZAA Returns relating to LLP not carrying on business etc with view to profit
  54. 12ABZB Partnership return conclusive as to partnership shares
  55. 12ABA Amendment of partnership return by taxpayer
  56. 12ABB Correction of partnership return by Revenue
  57. 12AC Notice of enquiry
  58. 12AD Amendment of partnership return by taxpayer, or referral of dispute, during enquiry
  59. 12ADA AIFM firms
  60. 12AE Choice between different Cases of Schedule D
  61. 12A UK Economic Interest Groupings and European Economic Interest Groupings.
  62. 12B Records to be kept for purposes of returns.
  63. 12C Digital reporting and record-keeping
  64. 12D Returns made otherwise than pursuant to a notice
  65. 13 Persons in receipt of taxable income belonging to others.
  66. 14 Return of lodgers and inmates.
  67. 15 Return of employees' earnings etc.
  68. 15A Non-resident's staff are UK client's employees for section 15 purposes
  69. 16 Fees, commissions, etc.
  70. 16A Agency workers.
  71. 17 Interest paid or credited by banks, building societies, etc. without deduction of income tax.
  72. 18 Interest paid without deduction of income tax.
  73. 18A Other payments and licences etc.
  74. 18B Savings income: regulations about European and international aspects
  75. 18C Regulations under section 18B: provision about “paying agents”
  76. 18D Content of regulations under section 18B: supplementary provision
  77. 18E Interpretation of sections 18B to 18D: “prescribed” etc
  78. 19 Information for purposes of charge on profits of UK property businesses or under Schedule A.
  79. 19A Power to call for documents for purposes of certain enquiries.
  80. 20 Power to call for documents of taxpayer and others.
  81. 20A Power to call for papers of tax accountant.
  82. 20B Restrictions on powers under section 20A.
  83. 20BA Orders for the delivery of documents.
  84. 20BB Falsification etc. of documents.
  85. 20C Entry with warrant to obtain documents.
  86. 20CC Procedure where documents etc. are removed.
  87. 20D Interpretation of ss.20 to 20C.
  88. 21 Stock jobbers’ transactions.
  89. 22 Additional particulars for surtax.
  90. 23 Power to obtain copies of registers of securities.
  91. 24 Power to obtain information as to income from securities.
  92. 25 Issuing houses, stockbrokers, auctioneers, etc.
  93. 26 Nominee shareholders.
  94. 27 Settled property.
  95. 28 Non-resident companies and trusts.
  96. 28ZA Referral of questions during enquiry
  97. 28ZB Withdrawal of notice of referral
  98. 28ZC Regulations with respect to referrals
  99. 28ZD Effect of referral on enquiry
  100. 28ZE Effect of determination
  101. 28A Completion of enquiry into personal or trustee return ...
  102. 28AA Amendment of return of profits made for wrong period.
  103. 28AB Provisions supplementary to section 28AA.
  104. 28B Completion of enquiry into partnership return
  105. 28C Determination of tax where no return delivered.
  106. 28D Determination of corporation tax where no return delivered.
  107. 28E Determination of corporation tax where notice complied with in part.
  108. 28F Corporation tax determinations: supplementary.
  109. 28G Determination of amount notionally chargeable where no NRCGT return delivered
  110. 28H Simple assessments by HMRC: personal assessments
  111. 28I Simple assessments by HMRC: trustees
  112. 28J Power to withdraw a simple assessment
  113. 29 Assessment where loss of tax discovered.
  114. 29A Non-resident CGT disposals: determination of amount which should have been assessed
  115. 30 Recovery of overpayment of tax, etc.
  116. 30A Assessing procedure.
  117. 30AA Assessing income tax on trustees and personal representatives
  118. 30B Amendment of partnership statement where loss of tax discovered.
  119. 30C Transfer pricing records: carelessness for the purposes of section 29
  120. 30D Transfer pricing records: carelessness for the purposes of section 30B
  121. 31 Appeals: right of appeal
  122. 31A Appeals: notice of appeal
  123. 31AA Taxpayer's right to query simple assessment
  124. 31B Appeals: appeals to General Commissioners
  125. 31C Appeals: appeals to Special Commissioners
  126. 31D Appeals: election to bring appeal before Special Commissioners
  127. 32 Double assessment.
  128. 33 Recovery of overpaid tax etc
  129. 34 Ordinary time limit of 4 years.
  130. 34A Ordinary time limit for self-assessments
  131. 35 Time limit: income received after year for which it is assessable
  132. 36 Loss of tax brought about carelessly or deliberately etc
  133. 36A Loss of tax involving offshore matter or offshore transfer
  134. 37 Neglect: income tax and capital gains tax.
  135. 37A Effect of assessment where allowances transferred.
  136. 38 Modification of s.37 in relation to partnerships.
  137. 39 Neglect: corporation tax.
  138. 40 Assessment on personal representatives.
  139. 41 Leave of General or Special Commissioners required for certain assessments.
  140. 41A Determination procedure
  141. 41B Reduction of determination
  142. 41C Time limits
  143. 42 Procedure for making claims etc.
  144. 43 Time limit for making claims.
  145. 43A Further assessments: claims etc.
  146. 43B Limits on application of section 43A.
  147. 43C Consequential claims etc
  148. 43D Claims for double taxation relief in relation to petroleum revenue tax
  149. 43E Making of income tax claims by electronic communications etc
  150. 43F Effect of directions under section 43E
  151. 44 General Commissioners.
  152. 45 Quorum of Special Commissioners.
  153. 46 General and Special Commissioners.
  154. 46A Regulations about jurisdiction.
  155. 46B Questions to be determined by Special Commissioners.
  156. 46C Jurisdiction of Special Commissioners over certain claims included in returns.
  157. 46D Questions to be determined by the relevant tribunal.
  158. 47 Special jurisdiction relating to tax on chargeable gains.
  159. 47A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  160. 47B Special jurisdiction relating to Business Expansion Scheme.
  161. 47C Meaning of tribunal
  162. 48 Application to appeals and other proceedings
  163. 49 Late notice of appeal
  164. 49A Appeal: HMRC review or determination by tribunal
  165. 49B Appellant requires review by HMRC
  166. 49C HMRC offer review
  167. 49D Notifying appeal to the tribunal
  168. 49E Nature of review etc
  169. 49EA Nature of review: penalties under Schedule 24 to FA 2021
  170. 49F Effect of conclusions of review
  171. 49FA Effect of conclusions of review: penalties under Schedule 24 to FA 2021
  172. 49G Notifying appeal to tribunal after review concluded
  173. 49H Notifying appeal to tribunal after review offered but not accepted
  174. 49I Interpretation of sections 49A to 49H
  175. 50 Procedure.
  176. 51 Power of Commissioners to obtain information from appellant.
  177. 52 Evidence.
  178. 53 Appeals against summary determination of penalties.
  179. 54 Settling of appeals by agreement.
  180. 54A No questioning in appeal of amounts of certain social security income
  181. 54B Notifications of taxable amounts of certain social security income
  182. 54C Interpretation of sections 54A and 54B: “appropriate officer” etc
  183. 55 Recovery of tax not postponed.
  184. 56 Payment of tax where there is a further appeal
  185. 56A Appeals from the Special Commissioners.
  186. 56B Regulations about practice and procedure.
  187. 56C Power of Special Commissioners to order costs.
  188. 56D Power of Special Commissioners to publish reports of decisions.
  189. 57 Regulations about appeals.
  190. 57A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  191. 57B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  192. 58 Proceedings in tax cases in Northern Ireland.
  193. 59 Election for county court in Northern Ireland.
  194. 59A Payments on account of income tax.
  195. 59AZA Payments on account of capital gains tax: disposals of land etc
  196. 59AA Non-resident CGT disposals: payments on account of capital gains tax
  197. 59AB Amounts payable on account: recovery
  198. 59B Payment of income tax and capital gains tax: assessments other than simple assessments.
  199. 59BA Payment of income tax and capital gains tax: simple assessments
  200. 59BB CGT exit charge payment plans
  201. 59C Surcharges on unpaid income tax and capital gains tax.
  202. 59D General rule as to when corporation tax is due and payable.
  203. 59DA Claim for repayment in advance of liability being established.
  204. 59E Further provision as to when corporation tax is due and payable.
  205. 59F Arrangements for paying tax on behalf of group members
  206. 59FA CT exit charge payment plans
  207. 59FB CT payment plans for tax on certain transactions with EEA residents
  208. 59G Managed payment plans
  209. 59H Balancing of instalments for the purposes of section 59G
  210. 60 Issue of demand notes and receipts.
  211. 61 Distraint by collectors.
  212. 62 Priority of claim for tax.
  213. 63 Recovery of tax in Scotland
  214. 63A Sheriff officer’s fees and outlays.
  215. 64 Priority of claim for tax in Scotland.
  216. 65 Magistrates’ courts.
  217. 66 County courts.
  218. 67 Inferior courts in Scotland.
  219. 68 High Court, etc.
  220. 69 Recovery of penalty ... or interest
  221. 70 Evidence.
  222. 70A Payments by cheque.
  223. 71 Bodies of persons.
  224. 72 Trustees, guardians, etc., of incapacitated persons.
  225. 73 Further provision as to infants.
  226. 74 Personal representatives.
  227. 75 Receivers appointed by a court.
  228. 76 Protection for certain trustees, agents and receivers.
  229. 77 Application of Part VII to capital gains tax.
  230. 77A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  231. 77B Pre-conditions for serving secondary-liability notice
  232. 77C Secondary-liability notices
  233. 77D Payments under secondary-liability notices
  234. 77E Exception for certain pre-1974 cases
  235. 77F Issue, cancellation and effect of exemption certificates
  236. 77G Liabilities for assessments made after exemption certificate cancelled
  237. 77H Calculations under sections 77C(3) and 77G(7)
  238. 77I Information
  239. 77J Meaning of “related to a licence” as respects tax, or profits or gains
  240. 77K Other definitions in Part 7A
  241. 78 Method of charging non-residents.
  242. 79 Profits from branch or agency.
  243. 80 Charge on percentage of turnover.
  244. 81 Taxation on basis of merchanting profit.
  245. 82 Savings.
  246. 83 Responsibilities and indemnification of persons in whose name a non-resident person is chargeable.
  247. 84 Gains from branch or agency.
  248. 85 Application of Part VIII to corporation tax.
  249. 85A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  250. 86 Interest on overdue income tax and capital gains tax.
  251. 86A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  252. 87 Interest on overdue income tax deducted at source
  253. 87A Interest on overdue corporation tax etc.
  254. 88 Interest on tax recovered to make good loss due to taxpayer’s fault.
  255. 88A Determinations under section 88.
  256. 89 The prescribed rate of interest.
  257. 90 Interest on tax payable gross
  258. 91 Effect on interest of reliefs.
  259. 91A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  260. 92 Remission in certain cases of interest on tax in arrear by reason of exchange restrictions.
  261. 93 Failure to make return for income tax and capital gains tax.
  262. 93A Failure to make partnership return.
  263. 94 Failure to make return for corporation tax.
  264. 95 Incorrect return or accounts for income tax or capital gains tax.
  265. 95A Incorrect partnership return or accounts.
  266. 96 Incorrect return or accounts for corporation tax.
  267. 97 Incorrect return or accounts: supplemental.
  268. 97AA Failure to produce documents under section 19A.
  269. 97A Two or more tax-geared penalties in respect of the same tax.
  270. 98 Special returns, etc.
  271. 98A Special penalties in the case of certain returns.
  272. 98B UK Economic Interest Groupings and European Economic Interest Groupings.
  273. 98C Notification under Part 7 of Finance Act 2004
  274. 99 Assisting in preparation of incorrect return, etc.
  275. 99A Certificates of non-liability to income tax.
  276. 99B Declarations under Chapter 2 of Part 15 of ITA 2007
  277. 100 Determination of penalties by officer of the Board.
  278. 100A Provisions supplementary to section 100.
  279. 100B Appeals against penalty determinations.
  280. 100C Penalty proceedings before First-tier Tribunal .
  281. 100D Penalty proceedings before court.
  282. 101 Evidence for purposes of proceedings relating to penalties.
  283. 102 Mitigation of penalties.
  284. 103 Time limits for penalties.
  285. 103ZA Disapplication of sections 100 to 103 in the case of certain penalties
  286. 103A Interest on penalties.
  287. 104 Saving for criminal proceedings.
  288. 105 Admissibility of evidence not affected by offer of settlement etc.
  289. 106 Refusal to allow a deduction of income tax, and avoidance of agreements for payment without deduction.
  290. 106A Offence of fraudulent evasion of income tax
  291. 106B Offence of failing to give notice of being chargeable to tax
  292. 106C Offence of failing to deliver return
  293. 106D Offence of making inaccurate return
  294. 106E Exclusions from offences under sections 106B to 106D
  295. 106F Offences under sections 106B to 106D: supplementary provision
  296. 106G Penalties for offences under sections 106B to 106D
  297. 106H Regulations under sections 106E and 106F
  298. 107 Criminal liability for false statements made to obtain allowances.
  299. 107A Relevant trustees.
  300. 108 Responsibility of company officers.
  301. 109 Corporation tax on close company in connection with loans or benefits to participators etc.
  302. 109A Residence of companies
  303. 109B Provisions for securing payment by company of outstanding tax
  304. 109C Penalty for company's failure to comply with section 109B
  305. 109D Penalty for other persons if company fails to comply with section 109B
  306. 109E Liability of other persons for unpaid tax
  307. 109F Interpretation of sections 109B to 109E
  308. 110 Valuation of land: power of entry.
  309. 111 Valuation of assets: power to inspect.
  310. 112 Loss, destruction or damage to assessments, returns, etc.
  311. 113 Form of returns and other documents.
  312. 114 Want of form or errors not to invalidate assessments, etc.
  313. 115 Delivery and service of documents.
  314. 115A Electronic lodgement of tax returns, etc.
  315. 116 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  316. 117 Action of ejectment in Northern Ireland.
  317. 118 Interpretation.
  318. 119 Commencement and construction.
  319. 120 Short title.
  320. SCHEDULE A1 Digital reporting and record-keeping
  321. SCHEDULE 1AA Orders for production of documents
  322. SCHEDULE 1AB Recovery of overpaid tax etc
  323. SCHEDULE 1A Claims etc. not included in returns
  324. SCHEDULE 1B Claims for relief involving two or more years
  325. SCHEDULE 3ZA Date by which payment to be made after amendment or correction of self-assessment
  326. SCHEDULE 3ZAA CGT exit charge payment plans
  327. SCHEDULE 3ZB CT exit charge payment plans
  328. SCHEDULE 3ZC CT Payment plans for tax on certain transactions with EEA residents
  329. SCHEDULE 3A Electronic lodgement of tax returns, etc.
  330. SCHEDULE 4 SAVINGS AND TRANSITORY PROVISIONS

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330 provisions

Title and introductory text

Taxes Management Act 1970 1970 c. 9 An Act to consolidate certain of the enactments relating to income tax, capital gains tax and corporation tax, including certain enactments relating also to other taxes. [12th March 1970]

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1 Responsibility for certain taxes

The Commissioners for Her Majesty’s Revenue and Customs shall be responsible for the collection and management of— (a) income tax, (b) corporation tax, and (c) capital gains tax.

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2 General Commissioners

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2A General Commissioners: costs and expenses in legal proceedings.

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3 Clerk to General Commissioners.

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3A General Commissioners and clerks: indemnity.

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4 Special Commissioners.

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4A Deputy Special Commissioners.

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5 General and Special Commissioners.

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6 Declarations on taking office.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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7 Notice of liability to income tax and capital gains tax.

(1) Every person who— (a) is chargeable to income tax or capital gains tax for any year of assessment, and (b) falls within subsection (1A) or (1B), shall, subject to subsection (3) below, within the notification period, give notice to an officer of the Board that he is so chargeable. (1A) A person falls within this subsection if the person has not received a notice under section 8 requiring a return for the year of assessment of the person's total income and chargeable gains. (1B) A person falls within this subsection if the person— (a) has received a notice under section 8 requiring a return for the year of assessment of the person's total income and chargeable gains, and (b) has received a notice under section 8B withdrawing the notice under section 8. (1C) In subsection (1) “the notification period” means— (a) in the case of a person who falls within subsection (1A), the period of 6 months from the end of the year of assessment, or (b) in the case of a person who falls within subsection (1B)— (i) the period of 6 months from the end of the year of assessment, or (ii) the period of 30 days beginning with the day after the day on which the notice under section 8 was withdrawn, whichever ends later. (2) In the case of persons who are chargeable as mentioned in subsection (1) above as the relevant trustees of a settlement, that subsection and subsections (1A) to (1C) have effect as if references to a notice under section 8 were references to a notice under section 8A. (2A) A person who— (a) falls within subsection (1A) or (1B), and (b) is notified of a simple assessment for the year of assessment, is not required to give notice under subsection (1) for that year unless the person is chargeable to an amount of income tax or capital gains tax for the year of assessment ... that is not included in the assessment. (3) A person shall not be required to give notice under subsection (1) above in respect of a year of assessment if for that year— (a) the person's total income consists of income from sources falling within subsections (4) to (7) below, (b) the person has no chargeable gains, and (c) the person is not liable to an amount of tax under any provision listed in relation to the person in section 30 of ITA 2007 (additional tax) other than Chapter 9 of Part 10 of ITEPA 2003 (winter fuel payment charge). (4) A source of income falls within this subsection in relation to a year of assessment if— (a) all payments of, or on account of, income from it during that year, and (b) all income from it for that year which does not consist of payments, have or has been taken into account in the making of deductions or repayments of tax under PAYE regulations. (5) A source of income falls within this subsection in relation to any person and any year of assessment if all income from it for that year has been or will be taken into account— (a) in determining that person’s liability to tax, or (b) in the making of deductions or repayments of tax under PAYE regulations. (6) A source of income falls within this subsection in relation to any person and any year of assessment if all income from it for that year is— (a) income from which income tax has been deducted; or (b) income from or on which income tax is treated as having been deducted or paid, (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and that person is not for that year liable to tax at a rate other than the basic rate, the property basic rate, the savings basic rate, the dividend nil rate , the Scottish basic rate, a Scottish rate below the Scottish basic rate, the Scottish intermediate rate, the Welsh basic rate, the Welsh property basic rate, the dividend ordinary rate , the savings nil rate or the starting rate for savings. (6ZA) A source of income falls within this subsection in relation to any person and any year of assessment if for that year— (a) all income from the source is savings income (see section 18 of ITA 2007), and (b) the person— (i) is UK resident, (ii) is not liable to tax at the savings basic rate, (iii) is not liable to tax at the savings higher rate, (iv) is not liable to tax at the savings additional rate, and (v) is not charged to tax under section 832 of ITTOIA 2005 (relevant foreign income charged on remittance basis) on any savings income. (6A) A source of income falls within this subsection in relation to any person and any year of assessment if for that year— (a) all income from the source is dividend income (see section 19 of ITA 2007), and (b) the person— (i) is UK-resident, (ii) is not liable to tax at the dividend ordinary rate, (iii) is not liable to tax at the dividend upper rate, (iv) is not liable to tax at the dividend additional rate, and (v) is not charged to tax under section 832 of ITTOIA 2005 (relevant foreign income charged on remittance basis) on any dividend income. (7) A source of income falls within this subsection in relation to any person and any year of assessment if all income from it for that year is income on which he could not become liable to tax under a self-assessment made under section 9 of this Act in respect of that year. (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9) For the purposes of this Act the relevant trustees of a settlement are— (a) in relation to income (other than gains treated as arising under Chapter 9 of Part 4 of ITTOIA 2005), the persons who are trustees when the income arises and any persons who subsequently become trustees; and (aa) in relation to gains treated as arising under Chapter 9 of Part 4 of ITTOIA 2005, the persons who are trustees in the year of assessment in which the gains arise and any persons who subsequently become trustees; and (b) in relation to chargeable gains, the persons who are trustees in the year of assessment in which the chargeable gains accrue and any persons who subsequently become trustees.

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7A Disregard of certain NRCGT gains for purposes of section 7

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8 Personal return.

(1) For the purpose of establishing the amounts in which a person is chargeable to income tax and capital gains tax for a year of assessment, and the amount payable by him by way of income tax for that year, he may be required by a notice given to him by an officer of the Board— (a) to make and deliver to the officer ..., a return containing such information as may reasonably be required in pursuance of the notice, and (b) to deliver with the return such accounts, statements and documents, relating to information contained in the return, as may reasonably be so required. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1AA) For the purposes of subsection (1) above— (a) the amounts in which a person is chargeable to income tax and capital gains tax are net amounts, that is to say, amounts which take into account any relief or allowance a claim for which is included in the return; and (b) the amount payable by a person by way of income tax is the difference between the amount in which he is chargeable to income tax and the aggregate amount of any income tax deducted at source ... (1B) In the case of a person who carries on a trade, profession, or business in partnership with one or more other persons, a return under this section shall include each amount which, in any relevant statement, is stated to be equal to his share of any income, loss, tax, credit or charge for the period in respect of which the statement is made. (1C) In subsection (1B) above “relevant statement” means a statement which, as respects the partnership, falls to be made under section 12AB of this Act for a period which includes, or includes any part of, the year of assessment .... (1D) A return under this section for a year of assessment (Year 1) must be delivered— (a) in the case of a non-electronic return, on or before 31st October in Year 2, and (b) in the case of an electronic return, on or before 31st January in Year 2. (1E) But subsection (1D) is subject to the following two exceptions. (1F) Exception 1 is that if a notice in respect of Year 1 is given after 31st July in Year 2 (but on or before 31st October), a return must be delivered— (a) during the period of 3 months beginning with the date of the notice (for a non-electronic return), or (b) on or before 31st January (for an electronic return). (1G) Exception 2 is that if a notice in respect of Year 1 is given after 31st October in Year 2, a return (whether electronic or not) must be delivered during the period of 3 months beginning with the date of the notice. (1H) The Commissioners— (a) shall prescribe what constitutes an electronic return, and (b) may make different provision for different cases or circumstances. (1I) Where a person is required to make and deliver a return under this section, the person may be required by an officer of His Majesty’s Revenue and Customs to include in the return any information that is specified or described in regulations made by the Commissioners (whether or not the information is relevant for the purpose mentioned in subsection (1)). (1J) The Commissioners may only specify or describe information in regulations under subsection (1I) if the Commissioners consider that the information is relevant for the purpose of the collection and management of any of the taxes listed in section 1. (1K) A person who fails to comply with a requirement imposed on them by virtue of subsection (1I) is liable to a penalty of £60. (1L) Regulations under subsection (1I) may make different provision for different purposes. (2) Every return under this section shall include a declaration by the person making the return to the effect than the return is to the best of his knowledge correct and complete. (3) A notice under this section may require different information, accounts and statements for different periods or in relation to different descriptions of source of income. (4) Notices under this section may require different information, accounts and statements in relation to different descriptions of person. (4A) Subsection (4B) applies if a notice under this section is given to a person within section 8ZA of this Act (certain persons employed etc by person not resident in United Kingdom who perform their duties for UK clients). (4B) The notice may require a return of the person's income to include particulars of any general earnings (see section 7(3) of ITEPA 2003) paid to the person. (5) In this section and sections 8A, 9 and 12AA of this Act, any reference to income tax deducted at source is a reference to income tax deducted or treated as deducted from any income or treated as paid on any income.

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8ZA Interpretation of section 8(4A)

(1) For the purposes of section 8(4A) of this Act, a person (“F”) is within this section if each of conditions A to C is met. (2) Condition A is that F performs in the United Kingdom, for a continuous period of 30 days or more, duties of an office or employment. (3) Condition B is that the office or employment is under or with a person who— (a) is not resident in the United Kingdom, but (b) is resident outside the United Kingdom. (4) Condition C is that the duties are performed for the benefit of a person who— (a) is resident in the United Kingdom, or (b) carries on a trade, profession or vocation in the United Kingdom.

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8A Trustee’s return.

(1) For the purpose of establishing the amounts in which the relevant trustees of a settlement, and the settlors and beneficiaries, are chargeable to income tax and capital gains tax for a year of assessment, and the amount payable by him by way of income tax for that year, an officer of the Board may by a notice given to any relevant trustee require the trustee— (a) to make and deliver to the officer ... , a return containing such information as may reasonably be required in pursuance of the notice, and (b) to deliver with the return such accounts, statements and documents, relating to information contained in the return, as may reasonably be so required; and a notice may be given to any one trustee or separate notices may be given to each trustee or to such trustees as the officer thinks fit. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1AA) For the purposes of subsection (1) above— (a) the amounts in which a person is chargeable to income tax and capital gains tax are net amounts, that is to say, amounts which take into account any relief or allowance a claim for which is included in the return; and (b) the amount payable by a person by way of income tax is the difference between the amount in which he is chargeable to income tax and the aggregate amount of any income tax deducted at source ... (1B) A return under this section for a year of assessment (Year 1) must be delivered— (a) in the case of a non-electronic return, on or before 31st October in Year 2, and (b) in the case of an electronic return, on or before 31st January in Year 2. (1C) But subsection (1B) is subject to the following two exceptions. (1D) Exception 1 is that if a notice in respect of Year 1 is given after 31st July in Year 2 (but on or before 31st October), a return must be delivered— (a) during the period of 3 months beginning with the date of the notice (for a non-electronic return), or (b) on or before 31st January (for an electronic return). (1E) Exception 2 is that if a notice in respect of Year 1 is given after 31st October in Year 2, a return (whether electronic or not) must be delivered during the period of 3 months beginning with the date of the notice. (1F) The Commissioners— (a) shall prescribe what constitutes an electronic return, and (b) may make different provision for different cases or circumstances. (1G) Where a person is required to make and deliver a return under this section, the person may be required by an officer of His Majesty’s Revenue and Customs to include in the return any information that is specified or described in regulations made by the Commissioners (whether or not the information is relevant for the purpose mentioned in subsection (1)). (1H) The Commissioners may only specify or describe information in regulations under subsection (1G) if the Commissioners consider that the information is relevant for the purpose of the collection and management of any of the taxes listed in section 1. (1I) A person who fails to comply with a requirement imposed on them by virtue of subsection (1G) is liable to a penalty of £60. (1J) Regulations under subsection (1G) may make different provision for different purposes. (2) Every return under this section shall include a declaration by the person making the return to the effect that the return is to the best of his knowledge correct and complete. (3) A notice under this section may require different information, accounts and statements for different periods or in relation to different descriptions of source of income. (4) Notices under this section may require different information, accounts and statements in relation to different descriptions of settlement. (5) The following references, namely— (a) references in section 9 or 28C of this Act to a person to whom a notice has been given under this section being chargeable to tax; and (b) references in section 29 of this Act to such a person being assessed to tax, shall be construed as references to the relevant trustees of the settlement being so chargeable or, as the case may be, being so assessed.

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8B Withdrawal by HMRC of notice under section 8 or 8A

(1) This section applies to a person who is given a notice under section 8 or 8A. (2) Before the end of the withdrawal period, HMRC may withdraw the notice (whether at the request of the person or otherwise). (3) But the notice may not be withdrawn if— (a) the person has made a return under section 8 or 8A in pursuance of the notice under that section, or (b) the person has been served with notice of a determination under section 28C by virtue of the notice under section 8 or 8A having been given to the person. (4) If ... HMRC decide to withdraw the notice under section 8 or 8A they must do so by giving the person a notice under this section. (5) A notice under this section must specify the date on which the notice under section 8 or 8A is withdrawn. (6) For the purposes of subsection (2) “the withdrawal period” means— (a) the period of 2 years beginning with the end of the year of assessment to which the notice under section 8 or 8A relates, or (b) in exceptional circumstances, such extended period as HMRC may determine. (7) Withdrawal of a notice given to a person under section 8 or 8A in relation to a year of assessment does not prevent HMRC from giving the person a further notice under that section in relation to that year. (8) See paragraph 17A of Schedule 55 to FA 2009 as to the cancellation of liability to a penalty under any paragraph of that Schedule by including provision in a notice under this section. (8) See paragraph 21 of Schedule 24 and paragraph 16 of Schedule 25 to the Finance Act 2021 as to the cancellation of liabilities under those Schedules by including provision in a notice under this section.

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8C Returns so far as relating to capital gains tax

(1) This section applies if— (a) the amount of chargeable gains accruing to a person in a tax year (i) does not exceed the annual exempt amount for the year applicable to the person under section 1K of the 1992 Act, or (ii) where the person is not entitled to the annual exempt amount for the tax year, is nil, (b) the total amount or value of the consideration for all chargeable disposals of assets made by the person in the year does not exceed £50,000, (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and (d) a notice under section 8 or 8A is given to the person requiring information for the purpose of establishing the amount in which the person is chargeable to capital gains tax for the year. (2) If the person makes a statement confirming the matters set out in subsection (1)(a) and (b), the statement constitutes sufficient compliance with that requirement. (3) For the purposes of this section every disposal is a “chargeable disposal” other than— (a) a disposal on which any gain accruing is not a chargeable gain, and (b) a disposal to which section 58 of the 1992 Act applies (spouses and civil partners). (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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9 Returns to include self-assessment.

(1) Subject to subsections (1A) and (2) below, every return under section 8 or 8A of this Act shall include a self-assessment, that is to say— (a) an assessment of the amounts in which, on the basis of the information contained in the return and taking into account any relief or allowance a claim for which is included in the return, the person making the return is chargeable to income tax and capital gains tax for the year of assessment; and (b) an assessment of the amount payable by him by way of income tax, that is to say, the difference between the amount in which he is assessed to income tax under paragraph (a) above and the aggregate amount of any income tax deducted at source ... but nothing in this subsection shall enable a self-assessment to show as repayable any income tax treated as deducted or paid by virtue of section ... 246D(1) ... of the principal Act, section 626 of ITEPA 2003 ... ... or 530(1) of ITTOIA 2005. (1A) The tax to be assessed on a person by a self-assessment shall not include any tax which— (a) is chargeable on the scheme administrator of a registered pension scheme under Part 4 of the Finance Act 2004, ... (aa) is chargeable, on the scheme manager of a qualifying recognised overseas pension scheme or a former such scheme, under Part 4 of the Finance Act 2004, (ab) is chargeable on the sub-scheme administrator of a sub-scheme under Part 4 of the Finance Act 2004 as modified by the Registered Pensions (Splitting of Schemes) Regulations 2006, or (b) is chargeable on the person who is (or persons who are) the responsible person in relation to an employer-financed retirement benefits scheme under section 394(2) of ITEPA 2003. (2) A person shall not be required to comply with subsection (1) above if he makes and delivers his return for a year of assessment— (a) on or before the 31st October next following the year, or (b) where the notice under section 8 or 8A of this Act is given after the 31st August next following the year, within the period of two months beginning with the day on which the notice is given. (3) Where, in making and delivering a return, a person does not comply with subsection (1) above, an officer of the Board shall if subsection (2) above applies, and may in any other case— (a) make the assessment on his behalf on the basis of the information contained in the return, and (b) send him a copy of the assessment so made; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3A) An assessment under subsection (3) above is treated for the purposes of this Act as a self-assessment and as included in the return. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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9ZA Amendment of personal or trustee return by taxpayer

(1) A person may amend his return under section 8 or 8A of this Act by notice to an officer of the Board. (2) An amendment may not be made more than twelve months after the filing date. (3) In this section “the filing date”, in respect of a return for a year of assessment (Year 1), means— (a) 31st January of Year 2, or (b) if the notice under section 8 or 8A is given after 31st October of Year 2, the last day of the period of three months beginning with the date of the notice.

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9ZB Correction of personal or trustee return by Revenue

(1) An officer of the Board may amend a return under section 8 or 8A of this Act so as to correct— (a) obvious errors or omissions in the return (whether errors of principle, arithmetical mistakes or otherwise), and (b) anything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer. (2) A correction under this section is made by notice to the person whose return it is. (3) No such correction may be made more than nine months after— (a) the day on which the return was delivered, or (b) if the correction is required in consequence of an amendment of the return under section 9ZA of this Act, the day on which that amendment was made. (4) A correction under this section is of no effect if the person whose return it is gives notice rejecting the correction. (5) Notice of rejection under subsection (4) above must be given— (a) to the officer of the Board by whom the notice of correction was given, (b) before the end of the period of 30 days beginning with the date of issue of the notice of correction.

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9A Notice of enquiry

(1) An officer of the Board may enquire into a return under section 8 or 8A of this Act if he gives notice of his intention to do so (“notice of enquiry”)— (a) to the person whose return it is (“the taxpayer”), (b) within the time allowed. (2) The time allowed is— (a) if the return was delivered on or before the filing date, up to the end of the period of twelve months after the day on which the return was delivered; (b) if the return was delivered after the filing date, up to and including the quarter day next following the first anniversary of the day on which the return was delivered; (c) if the return is amended under section 9ZA of this Act, up to and including the quarter day next following the first anniversary of the day on which the amendment was made. For this purpose the quarter days are 31st January, 30th April, 31st July and 31st October. (3) A return which has been the subject of one notice of enquiry may not be the subject of another, except one given in consequence of an amendment (or another amendment) of the return under section 9ZA of this Act. (4) An enquiry extends to— (a) anything contained in the return, or required to be contained in the return, including any claim or election included in the return, (b) consideration of whether to give the taxpayer a transfer pricing notice under section 168(1) of TIOPA 2010 (provision not at arm’s length: medium-sized enterprise), (c) consideration of whether to give the taxpayer a notice under section 81(2) of TIOPA 2010 (notice to counteract scheme or arrangement designed to increase double taxation relief), but this is subject to the following limitation. (5) If the notice of enquiry is given as a result of an amendment of the return under section 9ZA of this Act— (a) at a time when it is no longer possible to give notice of enquiry under subsection (2)(a) or (b) above, ... (b) after a final closure notice has been issued in relation to an enquiry into the return, or (c) after a partial closure notice has been issued in such an enquiry in relation to the matters to which the amendment relates or which are affected by the amendment, the enquiry into the return is limited to matters to which the amendment relates or which are affected by the amendment. (6) In this section “the filing date” means, in relation to a return, the last day for delivering it in accordance with section 8 or 8A.

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9B Amendment of return by taxpayer during enquiry

(1) This section applies if a return is amended under section 9ZA of this Act (amendment of personal or trustee return by taxpayer), or in accordance with Chapter 2 of Part 4 of the Finance Act 2014 (amendment of return after follower notice), at a time when an enquiry into the return is in progress in relation to any matter to which the amendment relates or which is affected by the amendment. (2) The amendment does not restrict the scope of the enquiry but may be taken into account (together with any matters arising) in the enquiry. (3) So far as the amendment affects the amount stated in the self-assessment included in the return as the amount of tax payable, it does not take effect while the enquiry is in progress in relation to any matter to which the amendment relates or which is affected by the amendment and— (a) if the officer states in a partial or final closure notice that he has taken the amendment into account and that— (i) the amendment has been taken into account in formulating the amendments contained in the notice, or (ii) his conclusion is that the amendment is incorrect, the amendment shall not take effect; (b) otherwise, the amendment takes effect when a partial closure notice is issued in relation to the matters to which the amendment relates or which are affected by the amendment or, if no such notice is issued, a final closure notice is issued. (4) For the purposes of this section the period during which an enquiry is in progress in relation to any matter is the whole of the period— (a) beginning with the day on which notice of enquiry is given, and (b) ending with the day on which a partial closure notice is issued in relation to the matter or, if no such notice is issued, a final closure notice is issued.

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9C Amendment of self-assessment during enquiry to prevent loss of tax

(1) This section applies where an enquiry into a return is in progress in relation to any matter as a result of notice of enquiry by an officer of the Board under section 9A(1) of this Act. (2) If the officer forms the opinion— (a) that the amount stated in the self-assessment contained in the return as the amount of tax payable is insufficient, and (b) that unless the assessment is immediately amended there is likely to be a loss of tax to the Crown, he may by notice to the taxpayer amend the assessment to make good the deficiency so far as it relates to the matter. (3) In the case of an enquiry which under section 9A(5) of this Act is limited to matters arising from an amendment of the return, subsection (2) above only applies so far as the deficiency is attributable to the amendment. (4) For the purposes of this section the period during which an enquiry is in progress in relation to any matter is the whole of the period— (a) beginning with the day on which notice of enquiry is given, and (b) ending with the day on which a partial closure notice is issued in relation to the matter or, if no such notice is issued, a final closure notice is issued.

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9D Choice between different Cases of Schedule D

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10 Notice of liability to corporation tax.

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11 Return of profits.

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11A Notice of liability to capital gains tax.

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11AA Return of profits to include self-assessment.

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11AB Power to enquire into return of profits.

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11AC Modifications of sections 11AA and 11AB in relation to non-annual accounting of general insurance business.

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11AD Modifications of sections 11AA and 11AB for insurance companies with non-annual actuarial investigations.

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11AE Modifications of sections 11AA and 11AB for friendly societies with non-annual actuarial investigations.

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12 Information about chargeable gains.

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12ZA Interpretation of sections 12ZB to 12ZN

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12ZB NRCGT return

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12ZBA Elective NRCGT return

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12ZC Single return in respect of two or more non-resident CGT disposals

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12ZD NRCGT returns: grant and exercise of options

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12ZE NRCGT return to include advance self-assessment

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12ZF The “amount notionally chargeable”

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