227 Withdrawal, modification or suspension of accelerated payment notice
Finance Act 2014 (2014 c 26) | Legislation

Withdrawal etc of accelerated payment notice

227  Withdrawal, modification or suspension of accelerated payment notice

(1)     In this section a “Condition C requirement” means one of the requirements set out in Condition C in section 219.

(2)     Where an accelerated payment notice has been given, HMRC may, at any time, by notice given to P—

(a)     withdraw the notice,

(b)     where the notice is given by virtue of more than one Condition C requirement being met, withdraw it to the extent it is given by virtue of one of those requirements (leaving the notice effective to the extent that it was also given by virtue of any other Condition C requirement and has not been withdrawn), . . .

(c)     reduce the amount specified in the accelerated payment notice under section 220(2)(b) or 221(2)(b)[, or

(d)     reduce the amount specified in the accelerated payment notice under section 220(2)(d) or 221(2)(d)].

(3)     Where—

(a)     an accelerated payment notice is given by virtue of the Condition C requirement in section 219(4)(a), and

(b)     the follower notice to which it relates is withdrawn,

HMRC must withdraw the accelerated payment notice to the extent it was given by virtue of that requirement.

(4)     Where—

(a)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Recklessness in criminal cases

Recklessness in criminal casesWhat is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House

LEXISNEXIS

VAT definition

LEXISNEXIS

Section 2(1) of the Misrepresentation Act 1967 allows a claimant to claim damages for non-fraudulent

Section 2(1) of the Misrepresentation Act 1967 allows a claimant to claim damages for non-fraudulent misrepresentation, unless the representor can prove they had reasonable grounds for believing the statement to be true. If the representor had reasonable grounds for believing the statement to be

LEXISNEXIS

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretationThis Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international