Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 18

Conditions for making WRA assessments

Schedule 23, paragraph 18 amends the conditions under which the Welsh Revenue Authority (WRA) may make tax assessments, expanding the original two permitted cases to three by adding a new case specifically for adjustments under the general anti-avoidance rule.

• The number of cases in which WRA may make an assessment is increased from two to three.
• The second case is clarified: WRA may assess where it could not reasonably have been expected to know about a tax shortfall based on information available before the enquiry window closed or enquiries were completed.
• A new third case is introduced, allowing WRA to make an assessment when it makes an adjustment under the general anti-avoidance rule (GAAR).
• The existing time limit provisions are refined so they apply only to the first and second cases, not to assessments made under the GAAR.