Finance Act 2001

Adjustments of contracts

Notional transfers within a group

Charge and rates for 2001-02

Mileage allowances: nil liability notices

Double taxation relief

VAT: re-enactment of reduced-rate provisions

PRT: expenditure in certain gas-producing fields

Transfers within group etc

Trading funds

Interpretation

Trading funds

Duty paid in error

For sections 1 to 5 of the Betting and Gaming Duties Act 1981 (c. 63) (general betting duty: charge, rate and payment) substitute—

Value received by investor

Value received by persons other than the investor

Value received by persons other than the investor

Designated period

Certain receipts to be disregarded

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information

Insignificant repayments disregarded

Insignificant repayments disregarded

Interpretation

Penalties in connection with returns etc.

Repayment of share capital

Ring fence trades: special allowance for pre-cessation abandonment expenditure

Value received by persons other than the investor

Ring fence trades: allowances for post-cessation expenditure

Ring fence trades: meaning of “abandonment expenditure”

Ring fence trades: special allowance for pre-cessation expenditure

Value received by other persons

Insignificant repayments disregarded

Insignificant repayments disregarded

Claim must be made in tax return

Assessment by Revenue treated as included in return

Enquiry into company tax return

Consequential amendments of other enactments

Effect of return on recovery proceedings

Commencement of Part 2

Method of charging gain to tax: multiple interests

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

Enquiry into partnership return

Enquiry into personal, trustee or partnership return

Enquiry into company tax return

Claim must be made in tax return

Computation of profits of insurance companies

Effect of return on recovery proceedings

Value Added Tax Act 1994 (c.23)

Meaning of “material interest”

Consequential amendments of other enactments

Introductory

Interpretation

Introductory

Life policies: computation of gain

Restriction of relief for underlying tax

Apportionment of consideration for stamp duty purposes

Life annuity contracts: chargeable events

Life annuity contracts: computation of gain

Life annuity contracts: computation of gain

The value of a part or share assigned

The value of a part or share assigned

Value Added Tax Act 1994 (c.23)

The value of a part or share assigned

The value of a part or share assigned

Enquiry into partnership return

Effect of return on recovery proceedings

Enquiry into company tax return

Stamp duty reduced for land partly in a disadvantaged area

Value Added Tax Act 1994 (c.23)

Finance Act 2000 (c.17)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Introductory

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Value received by other persons

Insignificant repayments disregarded

Interpretation

Ring fence trades: special allowance for pre-cessation expenditure

Ring fence trades: allowances for post-cessation expenditure

Effect of partnership changes

Recovery of excessive tax credit

Enquiry into personal, trustee or partnership return

Consequential amendments of other enactments

Enquiry into personal, trustee or partnership return

Effect of return on recovery proceedings

Assignments etc involving co-ownership

Finance Act 2000 (c.17)

Consequential amendments of other enactments

Due date for payment after amendment or correction of return

Apportionment of consideration for stamp duty purposes

Companies which are qualifying companies

Consequential amendments of other enactments

Restriction of relief for underlying tax

Finance Act 2000 (c.17)

Capital redemption policies: chargeable events

The value of a part or share assigned

Stamp duty reduced for land partly in a disadvantaged area

Capital redemption policies: chargeable events

Enquiry into company tax return

Due date for payment after amendment or correction of return

Effect of return on recovery proceedings

Due date for payment after amendment or correction of return

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

Consequential amendments of other enactments

Apportionment of consideration for stamp duty purposes

Finance Act 2000 (c.17)

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

These repeals have effect in accordance with section 6(2) of this Act.

Due date for payment after amendment or correction of return

Apportionment of consideration for stamp duty purposes

Value Added Tax Act 1994 (c.23)

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

These repeals have effect in accordance with section 6(2) of this Act.

Notional transfers within a group

Starting rate limit for 2001-02

Stamp duty: exemption for land in disadvantaged areas

SDRT: open-ended investment companies and individual pension accounts

Trading funds

Repeals and revocations

PRT: expenditure in certain gas-producing fields

For sections 1 to 5 of the Betting and Gaming Duties Act 1981 (c. 63) (general betting duty: charge, rate and payment) substitute—

Notification of registrability etc.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Trustees: anti-avoidance

Insignificant repayments disregarded

Insignificant repayments disregarded

Claims

Ring fence trades: special allowance for pre-cessation abandonment expenditure

Writing-down allowances: infrastructure from UK or non-UK oil fields

Ring fence trades: special allowance for pre-cessation expenditure

Meaning of “sale and finance leaseback”

Introductory

Consequential amendments of other enactments

Dividends that give rise to eligible unrelieved foreign tax

Due date for payment after amendment or correction of return

Value Added Tax Act 1994 (c.23)

Finance Act 2000 (c.17)

Assessment by Revenue treated as included in return

Enquiry into personal, trustee or partnership return

Due date for payment after amendment or correction of return

Other amendments of the Taxes Management Act 1970

Consequential amendments of other enactments

Enquiry into personal, trustee or partnership return

Other amendments of the Taxes Management Act 1970

Stamp duty reduced for land partly in a disadvantaged area

Value Added Tax Act 1994 (c.23)

Finance Act 2000 (c.17)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Value received by investor

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Penalties in connection with returns etc.

Value received by other persons

Receipt of replacement value

Information

Introductory

Income tax relief: repayment supplements

Friendly societies: exclusion of exemptions from tax

Consequential amendments of other enactments

Value Added Tax Act 1994 (c.23)

Finance Act 2000 (c.17)

Information: duty of insurers

Enquiry into partnership return

Claims relating to remediation of contaminated land

Restriction of relief for underlying tax

Restriction of relief for underlying tax

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

Non-resident policies and off-shore capital redemption policies

Stamp duty reduced for land partly in a disadvantaged area

Value Added Tax Act 1994 (c.23)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Value Added Tax Act 1994 (c.23)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Receipt of replacement value

Penalties in connection with returns etc.

Information

Commencement

Claims relating to remediation of contaminated land

Ring fence trades: allowances for post-cessation expenditure

Other amendments of the Taxes Management Act 1970

Consequential amendments of other enactments

Recovery of excessive tax credit

Conditions for assets other than shares to qualify as business assets

Stamp duty reduced for land partly in a disadvantaged area

Consequential amendments of other enactments

Value Added Tax Act 1994 (c.23)

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

These repeals have effect in accordance with section 6(2) of this Act.

Notional transfers within a group

VAT representatives

Interpretation

For sections 1 to 5 of the Betting and Gaming Duties Act 1981 (c. 63) (general betting duty: charge, rate and payment) substitute—

Duty paid in error

Value received by investor

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Penalties in connection with returns etc.

Claims

Ring fence trades: special allowance for pre-cessation expenditure

Other amendments of the Taxes Management Act 1970

Commencement of Part 2

Life policies: computation of gain

Other amendments of the Taxes Management Act 1970

Assignments etc involving co-ownership

Consequential amendments of other enactments

Value Added Tax Act 1994 (c.23)

Finance Act 2000 (c.17)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Review by HMRC

Review by HMRC

Starting rate limit for 2001-02

Transfers within group etc

Interest on unpaid tax, etc.: foot-and-mouth disease

.

General

Disclosure of information

Introductory

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation

Writing-down allowances: infrastructure from UK or non-UK oil fields

Enterprise zones

Meaning of “sale and finance leaseback”

Ring fence trades: special allowance for pre-cessation expenditure

Power to amend or correct personal or trustee return

Due date for payment after amendment or correction of return

Meaning of “investment LLP” and “property investment LLP”

Consequential amendments of other enactments

Due date for payment after amendment or correction of return

Claims relating to remediation of contaminated land

Effect of return on recovery proceedings

Value Added Tax Act 1994 (c.23)

Introductory

Value Added Tax Act 1994 (c.23)

Value Added Tax Act 1994 (c.23)

Enquiry into company tax return

Apportionment of consideration for stamp duty purposes

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

These repeals have effect in accordance with section 6(2) of this Act.

Certain receipts to be disregarded

Information

Thermal insulation of industrial buildings

Recovery of excessive tax credit

Procedure on completion of enquiry into personal or trustee return

Due date for payment after amendment or correction of return

Qualifying land remediation expenditure

Claim must be made in tax return

Power to amend or correct personal or trustee return

Underlying tax excluded from claim not to be allowed under section 811

Life annuity contracts: chargeable events

Value Added Tax Act 1994 (c.23)

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

Operators of sites

Review out of time

Nature of review etc

Mileage allowances: exemptions and relief

Payments to employers out of pension funds

Notional transfers within a group

Restriction of exemption in the case of residential property etc

Restriction of exemption in the case of residential property etc

Life policies, life annuity contracts and capital redemption policies

VAT: re-enactment of reduced-rate provisions

Climate change levy

Trading funds

Repeals and revocations

.

Value received by investor

Value received by persons other than the investor

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Value received by persons other than the investor

Information

Interpretation

Thermal insulation of industrial buildings

Effect of partnership changes

Meaning of “investment LLP” and “property investment LLP”

Power to amend or correct personal or trustee return

Other amendments of the Taxes Management Act 1970

Fixtures: purchasers of land and incoming lessees

Exclusion of relief on loans to buy into investment LLP

Interpretation

Restriction of relief for underlying tax

Restriction of relief for underlying tax

Other amendments of the Taxes Management Act 1970

Due date for payment after amendment or correction of return

Schedule applies where there has been a transfer to which Parts 2 and 3 of Schedule 17 to the Finance Act 1980 do not apply

Finance Act 2000 (c.17)

Due date for payment after amendment or correction of return

Value Added Tax Act 1994 (c.23)

Consequential amendments of other enactments

These repeals have effect in accordance with section 6(2) of this Act.

Ring fence trades: allowances for post-cessation expenditure

Ring fence trades: meaning of “abandonment expenditure”

Recovery of excessive tax credit

Exclusion of relief on loans to buy into investment LLP

Enquiry into personal, trustee or partnership return

Effect of return on recovery proceedings

Enquiry into partnership return

Procedure on completion of enquiry into personal or trustee return

Other amendments of the Taxes Management Act 1970

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Review by HMRC

Exemption for works bus services: extension to minibuses

Controlled foreign companies: acceptable distribution policy

Value received by persons other than the investor

Penalties in connection with returns etc.

Trustees: anti-avoidance

Consequential amendments of other enactments

Consequential amendments of other enactments

Effect of return on recovery proceedings

These repeals have effect in accordance with section 6(2) of this Act.

40A

• (1) HMRC must offer a person (P) a review of a decision that has been notified to P if an appeal lies under section 40 in respect of the decision.

• (2) The offer of the review must be made by notice given to P at the same time as the decision is notified to P.

• (3) This section does not apply to the notification of the conclusions of a review.

40B

• (1) Any person (other than P) who has the right of appeal under section 40 against a decision may require HMRC to review that decision if that person has not appealed to the appeal tribunal under section 40G.

• (2) A notification that such a person requires a review must be made within 30 days of that person becoming aware of the decision.

40C

• (1) HMRC must review a decision if—

• (a) they have offered a review of the decision under section 40A, and

• (b) P notifies HMRC accepting the offer within 30 days from the date of the document containing the notification of the offer.

• (2) But P may not notify acceptance of the offer if P has already appealed to the appeal tribunal under section 40G.

• (3) HMRC must review a decision if a person other than P notifies them under section 40B.

• (4) HMRC shall not review a decision if P, or another person, has appealed to the appeal tribunal under section 40G in respect of the decision.

40D

• (1) If under section 40A, HMRC have offered P a review of a decision, HMRC may within the relevant period notify P that the relevant period is extended.

• (2) If under section 40B another person may require HMRC to review a matter, HMRC may within the relevant period notify the other person that the relevant period is extended.

• (3) If notice is given the relevant period is extended to the end of 30 days from—

• (a) the date of the notice, or

• (b) any other date set out in the notice or a further notice.

• (4) In this section “relevant period” means—

• (a) the period of 30 days referred to in—

• (i) section 40C(1)(b) (in a case falling within subsection (1)), or

• (ii) section 40B(2) (in a case falling within subsection (2)), or

• (b) if notice has been given under subsection (1) or (2), that period as extended (or as most recently extended) in accordance with subsection (3).

40E

• (1) This section applies if—

• (a) HMRC have offered a review of a decision under section 40A and P does not accept the offer within the time allowed under section 40C(1)(b) or 40D(3); or

• (b) a person who requires a review under section 40B does not notify HMRC within the time allowed under that section or section 40D(3).

• (2) HMRC must review the decision under section 40C if—

• (a) after the time allowed, P, or the other person, notifies HMRC in writing requesting a review out of time,

• (b) HMRC are satisfied that P, or the other person, had a reasonable excuse for not accepting the offer or requiring review within the time allowed, and

• (c) HMRC are satisfied that P, or the other person, made the request without unreasonable delay after the excuse had ceased to apply.

• (3) HMRC shall not review a decision if P, or another person, has appealed to the appeal tribunal under section 40G in respect of the decision.

40F

• (1) This section applies if HMRC are required to undertake a review under section 40C or 40E.

• (2) The nature and extent of the review are to be such as appear appropriate to HMRC in the circumstances.

• (3) For the purpose of subsection (2), HMRC must, in particular, have regard to steps taken before the beginning of the review—

• (a) by HMRC in reaching the decision, and

• (b) by any person in seeking to resolve disagreement about the decision.

• (4) The review must take account of any representations made by P, or the other person, at a stage which gives HMRC a reasonable opportunity to consider them.

• (5) The review may conclude that the decision is to be—

• (a) upheld,

• (b) varied, or

• (c) cancelled.

• (6) HMRC must give P, or the other person, notice of the conclusions of the review and their reasoning within—

• (a) a period of 45 days beginning with the relevant date, or

• (b) such other period as HMRC and P, or the other person, may agree.

• (7) In subsection (6) “relevant date” means—

• (a) the date HMRC received P’s notification accepting the offer of a review (in a case falling within section 40A), or

• (b) the date HMRC received notification from another person requiring review (in a case falling within section 40B), or

• (c) the date on which HMRC decided to undertake the review (in a case falling within section 40E).

• (8) Where HMRC are required to undertake a review but do not give notice of the conclusions within the time period specified in subsection (6), the review is to be treated as having concluded that the decision is upheld.

• (9) If subsection (8) applies, HMRC must notify P or the other person of the conclusion which the review is treated as having reached.

40G

• (1) An appeal under section 40 is to be made to the appeal tribunal before—

• (a) the end of the period of 30 days beginning with—

• (i) in a case where P is the appellant, the date of the document notifying the decision to which the appeal relates, or

• (ii) in a case where a person other than P is the appellant, the date that person becomes aware of the decision, or

• (b) if later, the end of the relevant period (within the meaning of section 40D).

• (2) But that is subject to subsections (3) to (5).

• (3) In a case where HMRC are required to undertake a review under section 40C—

• (a) an appeal may not be made until the conclusion date, and

• (b) any appeal is to be made within the period of 30 days beginning with the conclusion date.

• (4) In a case where HMRC are requested to undertake a review by virtue of section 40E—

• (a) an appeal may not be made to an appeal tribunal—

• (i) unless HMRC have notified P, or the other person, as to whether or not a review will be undertaken, and

• (ii) if HMRC have notified P, or the other person, that a review will be undertaken, until the conclusion date;

• (b) any appeal where paragraph (a)(ii) applies is to be made within the period of 30 days beginning with the conclusion date;

• (c) if HMRC have notified P, or the other person, that a review will not be undertaken, an appeal may be made only if the appeal tribunal gives permission to do so.

• (5) In a case where section 40F(8) applies, an appeal may be made at any time from the end of the period specified in section 40F(6) to the date 30 days after the conclusion date.

• (6) An appeal may be made after the end of the period specified in subsection (1), (3)(b), (4)(b) or (5) if the appeal tribunal gives permission to do so.

• (7) In this section “conclusion date” means the date of the document notifying the conclusion of the review.

Deductions for business gifts: yearly limit

VAT: re-enactment of reduced-rate provisions

PRT: unrelievable field losses

PRT: allowable decommissioning expenditure

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation

Loss relief

Receipt of replacement value

Value received by other persons

Enquiry into personal, trustee or partnership return

Thermal insulation of industrial buildings

Finance Act 2000 (c.17)

Finance Act 2000 (c.17)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Value received by persons other than the investor

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Introductory

Trustees: anti-avoidance

Recovery of excessive tax credit

Exclusion of relief on loans to buy into investment LLP

Enquiry into personal, trustee or partnership return

Effect of return on recovery proceedings

Effect of return on recovery proceedings

Recovery of excessive tax credit

Enterprise zones

Consequential amendments of other enactments

Value Added Tax Act 1994 (c.23)

These repeals have effect in accordance with section 6(2) of this Act.

For sections 1 to 5 of the Betting and Gaming Duties Act 1981 (c. 63) (general betting duty: charge, rate and payment) substitute—

Duty paid in error

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Trustees: anti-avoidance

Commencement of Part 2

Meaning of “sale and finance leaseback”

Meaning of “sale and finance leaseback”

Enquiry into partnership return

Other amendments of the Taxes Management Act 1970

Value Added Tax Act 1994 (c.23)

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Exemptions in relation to approved share incentive plans

PRT: unrelievable field losses

.

Ring fence trades: special allowance for pre-cessation abandonment expenditure

Meaning of “sale and finance leaseback”

Enquiry into partnership return

Power to amend or correct personal or trustee return

These repeals have effect in accordance with section 6(2) of this Act.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ring fence trades: special allowance for pre-cessation expenditure

Thermal insulation of industrial buildings

Thermal insulation of industrial buildings

Enterprise zones

Enquiry into personal, trustee or partnership return

Effect of return on recovery proceedings

Other amendments of the Taxes Management Act 1970

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

Due date for payment after amendment or correction of return

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

.

Error relating to rebate

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Loss relief

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ring fence trades: special allowance for pre-cessation abandonment expenditure

Ring fence trades: allowances for post-cessation expenditure

Writing-down allowances: infrastructure from UK or non-UK oil fields

Ring fence trades: allowances for post-cessation expenditure

Enquiry into partnership return

Enquiry into company tax return

Procedure on completion of enquiry into personal or trustee return

Other amendments of the Taxes Management Act 1970

These repeals have effect in accordance with section 6(2) of this Act.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Writing-down allowances: infrastructure from UK or non-UK oil fields

Writing-down allowances: infrastructure from UK or non-UK oil fields

Ring fence trades: meaning of “abandonment expenditure”

Ring fence trades: meaning of “abandonment expenditure”

Ring fence trades: allowances for post-cessation expenditure

Fixtures: purchasers of land and incoming lessees

These repeals shall be deemed to have come into force in accordance with section 2(5) of this Act.

30B

• (1) The Commissioners may by regulations make provision of the kind described in section 30(2) (entitlement to tax credit) in relation to cases within subsection (3) below.

• (2) Tax credit to which a person is entitled under the regulations is referred to in this section as “special tax credit”.

• (3) The cases are where—

• (a) a person has been charged with, and has fully accounted for, aggregates levy in respect of the commercial exploitation of a quantity of aggregate, and

• (b) the exploitation was of imported aggregate and occurred in Northern Ireland in the period defined in subsection (5).

• (4) For this purpose aggregate is “imported” if it was won from a site in a member State other than the United Kingdom.

• (5) The period mentioned in subsection (3)(b)—

• (a) begins with 1 April 2004, and

• (b) ends with 30 November 2010.

• (6) Regulations may in particular—

• (a) provide that a person is not entitled to special tax credit unless the Department of the Environment in Northern Ireland (“the Department”) has certified under section 30D(4) that it is satisfied that specified requirements were met in relation to the site from which the aggregate originates during a period which includes the time when the aggregate was won from the site (and the certification has not been revoked);

• (b) specify further conditions for entitlement to special tax credit;

• (c) make provision about the rate at which special tax credit is to be given (including provision restricting the amount of special tax credit in cases where entitlement to a tax credit has already arisen);

• (d) provide for compound interest at the applicable rate (see section 30C) to be treated as added, for such period and for such purposes as may be prescribed, to the amount of any special tax credit;

• (e) authorise the Commissioners to adjust a person's claim for special tax credit in specified circumstances.

• (7) Regulations under subsection (6)(a) may specify the requirements in question by reference to any provisions of a notice published by the Department in pursuance of the regulations and not withdrawn by a further notice.

• (8) Subsection (3) of section 30 (except paragraph (f) of that subsection) applies to regulations under this section as it applies to regulations under that section.

• (9) Section 32(1) (time limit for claims) does not apply to a claim for repayment of aggregates levy made under regulations under this section.

30C

• (1) The reference in section 30B(6)(d) to the applicable rate is to a rate provided for in regulations made by the Treasury.

• (2) Regulations under this section may—

• (a) provide for the rate to be determined, and to change from time to time, by reference to a rate referred to in the regulations;

• (b) include provision for different rates to apply at different times in a period for which interest is due to a person.

• (3) Regulations under this section are to be made by statutory instrument.

• (4) A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.

30D

• (1) A person may, for the purpose of making a claim for special tax credit, apply to the Department for a certification under subsection (4)(a).

• (2) The application must specify—

• (a) a site, and

• (b) a time (“the relevant time”).

• (3) Where a certification relating to a site has been wholly or partly revoked by virtue of subsection (7)(b), an application specifying that site may not specify a time falling within the period with respect to which the revocation has effect.

• (4) Where an application is made and the Department has not previously made a certification under paragraph (a) relating to both the specified site and a period that includes the relevant time, the Department must either—

• (a) certify that it is satisfied that any requirements specified by virtue of section 30B(6)(a) were met in relation to the site during a period (specified in the certification) that includes the relevant time, or

• (b) refuse the application.

• (5) If the Department makes a certification under subsection (4)(a) (a “special tax credit certification”) it must give a written notice of the certification to—

• (a) the applicant, and

• (b) HMRC.

• (6) Where an application is made and the Department has previously made a special tax credit certification relating to both the specified site and a period that includes the relevant time, the Department must give the applicant a written notice of that certification.

• (7) The Commissioners may by regulations—

• (a) make provision about the time within which an application under subsection (1) must be made and the form and content of such an application;

• (b) authorise the Department to revoke a special tax credit certification with respect to the whole or part of the period to which the certification relates if the Department is satisfied that its decision as regards the meeting of the relevant requirements (or that decision, so far as relating to the relevant part of that period) was not correct;

• (c) make any other provision that is necessary in connection with paragraph (b) and subsection (8);

• (d) provide that a revocation by virtue of paragraph (b) may not be made after a specified date.

• (8) A special tax credit certification is to be treated as never having had effect in relation to any period with respect to which it is revoked by virtue of subsection (7)(b).

• (9) Regulations under this section which make provision such as is mentioned in subsection (7)(b) must require the Department to inform the Commissioners, and any other person to whom the Department has given a written notice of the certification, if the Department revokes a special tax credit certification.

• (10) Any expenses of the Department under or by virtue of this section or section 30B are to be appropriated from the Consolidated Fund of Northern Ireland by Act of the Northern Ireland Assembly.

• (11) In this section “the Department” and “special tax credit” have the same meaning as in section 30B.