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Paragraph 32

Original text. Later amendments are not shown.

(1)

Section 135 of TCMA (potential lost revenue: normal rule) is amended as follows.

(2)

In subsection (1), after “devolved tax” insert “or tax credit”.

(3)

In subsection (2)—

(a)

omit the “and” after paragraph (a);

(b)

at the end of paragraph (b) insert

“and

(c)

an amount which WRA would have been required to set off against a person’s liability to tax, or to pay to a person, had the inaccuracy or under-assessment not been corrected.”