Finance Act, 1988

Miscellaneous.

21.—(1) Section 211 of the Income Tax Act, 1967 , shall apply to an amendment of an assessment under section 14 as it applies to an additional first assessment under section 186 of that Act.

(2) Section 509 of the Income Tax Act, 1967 , shall have effect as if the definition of “assessment” included an assessment as amended under the provisions of section 14 .

(3) Where the inspector or any other officer of the Revenue Commissioners acting with the knowledge of the inspector causes to issue, by any electronic, photographic or other process, a notice of preliminary tax bearing the name of the inspector or a notice of assessment or a notice of an amendment of an assessment bearing the name of the inspector, the said notice of preliminary tax shall, for all the purposes of the Tax Acts, be deemed to have been given by the inspector to the best of his opinion and the said assessment or amended assessment to which the notice of assessment or notice of amended assessment relates, as the case may be, shall, for those purposes, be deemed to have been made by the inspector to the best of his judgment.

(4) An assessment which is otherwise final and conclusive shall not, for any purpose of the Tax Acts, be regarded as not final and conclusive or as ceasing to be final and conclusive by reason only of the fact that the inspector has amended or may amend the assessment pursuant to the provisions of section 14 and where, in the case of a chargeable person, the inspector elects under section 13 (4) not to make an assessment for a chargeable period, the provisions of the Tax Acts shall apply as if an assessment for that chargeable period made on the chargeable person had become final and conclusive on the date the notice of election is given.

(5) The giving by a chargeable person of a notice pursuant to section 5 of the Finance (Miscellaneous Provisions) Act, 1968 , shall not remove from the person an obligation to deliver a return under section 10 .

(6) Section 30 of the Finance Act, 1976 , shall not apply in relation to an assessment made on any person for a relevant chargeable period.