# Finance Act 1998, Paragraph 39


For section 101 of the Taxes Management Act 1970 (evidence of profits for purposes of preceding provisions of Part X) substitute—
“ Evidence for purposes of proceedings relating to penalties.
101 An assessment which can no longer be varied by any Commissioners on appeal or by order of any court is sufficient evidence, for the purposes of—
(a) the preceding provisions of this Part, and
(b) the provisions of Schedule 18 to the Finance Act 1998 relating to penalties,
that the amounts in respect of which tax is charged in the assessment arose or were received as stated in the assessment.”.

---
Source: https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/39 (the official version)
Page: https://openlegislation.uk/finance-act-1998/schedule-19/paragraph-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.