Paragraph 7

United Kingdom

(1)

Where the responsible partners are liable—

(a)

to make a payment of tax or to interest on unpaid tax,

(b)

to make a payment in accordance with an assessment under paragraph 29 of Schedule 10 (recovery of excessive repayment), or

(c)

to a penalty under this Part of this Act or to interest on such a penalty,

the liability is a joint and several liability of those partners.

F1(1A)

No amount may be recovered by virtue of sub-paragraph (1)(a) or (b) from a person who did not become a responsible partner until after the effective date of the transaction in respect of which the tax is payable.

(2)

No amount may be recovered by virtue of sub-paragraph (1)(c) from a person who did not become a responsible partner until after the relevant time.

(3)

The relevant time for this purpose is—

(a)

in relation to so much of a penalty as is payable in respect of any day, or to interest on so much of a penalty as is so payable, the beginning of that day;

(b)

in relation to any other penalty, or interest on such a penalty, the time when the act or omission occurred that caused the penalty to become payable.

Annotations

Textual amendments

F1: Sch. 15 para. 7(1A) inserted (22.7.2004) by Finance Act 2004 (c. 12), s. 305