Part 2 Miscellaneous Amendments
Finance (No 2) Act 2015 (2015 c 33) | Legislation

Part 2 Miscellaneous Amendments

TMA 1970

25

In section 28C of TMA 1970 (determination of tax where no return delivered), after subsection (4) insert—

“(4A)     Where—

(a)     action is being taken under Part 1 of Schedule 8 to the Finance (No 2) Act 2015 (enforcement by deduction from accounts) for the recovery of an amount (“the original amountâ€) of tax charged by a determination under this section, and

(b)     before that action is concluded, the determination is superseded by such a self-assessment as is mentioned in subsection (3),

that action may be continued as if it were action for the purposes of the recovery of so much of the tax charged by the self-assessment as is due and payable, has not been paid and does not exceed the original amount.â€

Insolvency Act 1986

26

The Insolvency Act 1986 is amended as follows.

27

In section 126 (power to stay or restrain proceedings against company), after subsection (2) insert—

“(3)     Subsection (1) applies in relation to any action being taken in respect of the company under Part 1 of Schedule 8 to the Finance (No 2) Act 2015 (enforcement by deduction from accounts)

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