Paragraph 16 Amendment of returns

In paragraph 9 (payment of the TRF charge through the income tax system), after sub-paragraph (7) insert—

“(8)

Paragraph 8(6) is not to be taken as preventing the amendment of a return so as to alter or revoke a designation of qualifying overseas capital made in that return, provided that amendment is made in accordance with section 9ZA of TMA 1970 (taxpayer permitted to amend return within 12 months of filing date).”