Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 50

Completion of enquiry

Schedule 23, paragraph 15 amends section 50 of the Tax Collection and Management (Wales) Act 2016 to change the terminology used when WRA completes an enquiry into a tax return, replacing the word "chargeable" with "payable" in subsection (4).

• This is a minor technical amendment to the wording of section 50 of the Tax Collection and Management (Wales) Act 2016, which deals with how the Welsh Revenue Authority (WRA) concludes an enquiry into a tax return.
• In subsection (4) of section 50, the word "chargeable" is replaced with the word "payable" to ensure consistency and accuracy in the legislation.
• The practical effect is that when WRA issues a closure notice at the end of an enquiry, any reference to the amount of tax in subsection (4) now refers to the amount "payable" rather than the amount "chargeable".
• This change aligns the language in section 50 with usage elsewhere in the legislation, ensuring that the terminology accurately reflects the concept of the tax amount that is due to be paid.