Paragraph 8

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 32 para. 1(2)(a) words renumbered as Sch. 32 para. 1(2)(a) by Finance (No. 2) Act 2017 Sch. 14 para. 46(2)(a)(i)
Sch. 32 para. 1(2)(a) words inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(2)(a)(ii)
Sch. 32 para. 1(2)(b) inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(2)(a)(iii)
Sch. 32 para. 1(3) words inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(2)(b)
Sch. 32 para. 1(3A) inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(2)(c)
Sch. 32 para. 2(2) words inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(3)
Sch. 32 para. 3(5)(a) words inserted by Finance (No. 2) Act 2017 Sch. 14 para. 46(4)

(1)

Section 227 (withdrawal, modification or suspension of accelerated payment notice) applies in relation to a relevant partner, a partner payment notice, Condition C in paragraph 3 and an accelerated partner payment as it applies in relation to P, an accelerated payment notice, Condition C in section 219 and an accelerated payment.

(2)

Accordingly, for this purpose—

F1(za)

section 227(2)(d), (12A) and (16) has effect as if the references to section 220(2)(d) or 221(2)(d) were to paragraph 4(1)(d) of this Schedule,

(a)

section 227(6)(b) and (7)(a) has effect as if the references to section 220(6) were to paragraph 4(5) of this Schedule, F2...

F3(aa)

section 227(7A) has effect as if the reference to a F4section 12AA partnership return to which the accelerated payment notice relates were a reference to the section 12AA partnership return in relation to which the partner payment notice is given;

(b)

the provisions listed in section 227(9) are to be read as including paragraph 6(5) of this ScheduleF5, F6...

(c)

section 227(12A) has effect as if the reference to section 225A(3) were to paragraph 6A(3) of this Schedule F7and

(d)

section 227(13A) has effect as if the reference to section 223(2) were to paragraph 6(2) of this Schedule and the reference to section 223(5) were to paragraph 6(5) of this Schedule.

Annotations

Textual amendments

F1: Sch. 32 para. 8(2)(za) inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 18 para. 10(6)(a)
F2: Word in Sch. 32 para. 8(2) omitted (26.3.2015) by virtue of Finance Act 2015 (c. 11), Sch. 18 para. 10(6)(b)
F3: Sch. 32 para. 8(2)(aa) inserted (with effect in accordance with Sch. 6 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 6 para. 13(5)(c)(i)
F4: Words in Sch. 32 para. 8(2)(aa) inserted by 2017 c. 32, Sch. 14 para. 46(5) (as inserted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 6 para. 15(4))
F5: Sch. 32 para. 8(2)(c) and preceding word inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 18 para. 10(6)(b)
F6: Word in Sch. 32 para. 8(2)(b) omitted (with effect in accordance with Sch. 6 para. 14 of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 6 para. 13(5)(c)(ii)
F7: Sch. 32 para. 8(2)(d) and word inserted (with effect in accordance with Sch. 6 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 6 para. 13(5)(c)(iii)