Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 23 para 10

Amendment of tax return by taxpayer – revised deadline

Schedule 23, paragraph 10 amends the rule in the Tax Collection and Management (Wales) Act 2016 about how long a taxpayer has to amend their own land transaction tax return, by replacing the fixed deadline with the filing date as the default, while allowing Welsh Ministers to set a different date by regulations.

• The previous fixed amendment deadline in section 41 of the 2016 Act is replaced with a new, more flexible provision.
• Under the new rule, the default deadline for a taxpayer to amend their own tax return is the filing date.
• Welsh Ministers have the power to prescribe a different deadline by regulations, overriding the default filing date.
• This change gives the Welsh Government flexibility to adjust the amendment window without needing further primary legislation.