Paragraph 1
On an appeal against an assessment to excess profits tax for any period, the amount of the assessment shall not, except with the concurrence of the Commissioners, be reduced below the excess of—
(a)
the amount of the national defence contribution which would have been assessable for that period if no excess profits tax had been assessable therefor;
over—
(b)
the amount of any subsisting assessment to the national defence contribution for that period.
Notes on Schedule Sixth Schedule.
Modifications
- C1
The text of Part III (ss. 26–42) and Schs. 5 and 6 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.