SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Finance Act 1998 (c. 36)

385

1

Amend Schedule 18 (company tax returns, assessments and related matters) as follows.

2

In paragraph 3 after sub-paragraph (4) insert—

5

Sub-paragraph (1)(b) has effect as if the reference to the Corporation Tax Acts included a reference to sections 911, 912, 914 and 915 of the Income Tax Act 2007.

3

In paragraph 20 after sub-paragraph (3) insert—

4

In the application of this paragraph to an error relating to information required in a return by virtue of paragraph 3(5), this paragraph has effect as if—

a

the reference in sub-paragraph (1) to a tax-related penalty were a reference to an amount not exceeding £3,000, and

b

sub-paragraphs (2) and (3) were omitted.

4

In paragraphs 22(3)(a) and 23(3)(a) for sub-paragraph (ii) substitute—

ii

section 495(1) or 975(2) or (4) of the Income Tax Act 2007 (statements about deduction of income tax),