Finance Act, 1977

Application of section 30 (appeals against assessments and payments on account) of Finance Act, 1976, to assessments under section 21 (notional basis of assessment) of Finance Act, 1974.

13.Section 30 of the Finance Act, 1976 , shall have effect in relation to an assessment made by virtue of section 21 of the Finance Act, 1974 , as if the following proviso were added to the definition of “the specified amount of tax”—

“Provided that, and notwithstanding the provisions of subsection (2), in the case of an assessment to tax which consists of tax, or includes any amount of tax, applicable to the profits or gains from farming, charged in accordance with the provisions of section 21 of the Finance Act, 1974 , ‘the specified amount of tax’, in relation to any instalment of tax payable on a date prior to the 1st day of January, 1978, means the tax assessed which is payable in that instalment;”.