217 Post filing adjustments of covered taxes
Finance (No 2) Act 2023 (2023 c 30) | Legislation

217  Post filing adjustments of covered taxes

(1)     This section applies where, in an accounting period (“the current period”), the liability of a member of a multinational group to covered taxes for a prior accounting period (“the prior period”) as reflected in an information return, overseas information return or self-assessment return (see Schedule 14) has increased or decreased.

(2)     Subsection (4) applies where—

(a)     that liability has increased, or

(b)     that liability has decreased and the decrease is to be treated as insignificant.

(3)     Subsection (5) applies where that liability has decreased, unless the decrease is to be treated as insignificant.

(4)     Where this subsection applies, the covered tax balance

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