Finance Act, 1984
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Chapter V Income Tax, Corporation Tax and Capital Gains Tax. | ||
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Amendment of section 30 (appeals against assessments and payments on account) of Finance Act, 1976. |
30.— Section 30 of the Finance Act, 1976 , is hereby amended— | |
(a) by the insertion of the following definition in subsection (1) before “assessment to tax”: | ||
“‘the appropriate amount’ means— | ||
(a) in the case of an assessment to income tax (other than an assessment to an amount representing income tax for the purposes of section 31 (1) (a) of the Corporation Tax Act, 1976 ) for the year 1984-85 or a subsequent year of assessment, 85 per cent. of the amount of tax found to be chargeable by the assessment on the determination of the appeal, and | ||
(b) in the case of any other assessment to tax, 80 per cent. of the amount of tax found to be chargeable by the assessment on the determination of the appeal;”, | ||
and | ||
(b) by the substitution, in subsection (5), of the following paragraph for paragraph (b): | ||
“(b) the appropriate amount,”. |