# Finance Act 2013, Paragraph 7


(1) Paragraph 3 of Schedule 53 to FA 2009 (late payment interest start date: amendments and discovery assessments etc) is amended as follows.
(2) In sub-paragraph (3)—
(a) for “as required” substitute “ in accordance with a requirement ”, and
(b) after “tax)” insert “ that arose by virtue of subsection (1A) of that section ”.
(3) After that sub-paragraph insert—
“(3A) In the case of a person (“P”) who failed to give notice in accordance with a requirement under section 7 of TMA 1970 that arose by virtue of subsection (1B) of that section, the reference in sub-paragraph (1)(c) to an assessment which ought to have been made by P is a reference to the assessment which P would have been required to make if no notice relating to the year of assessment concerned had been withdrawn under section 8B of that Act.”

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/51/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-51/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.