Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 51

Amendment to penalty assessment time limits

Schedule 23, paragraph 51 makes a minor technical amendment to section 141 of the Tax Collection and Management (Wales) Act 2016, which deals with the time limits for assessing penalties under Chapter 3 of that Act.

• This paragraph amends section 141 of the Tax Collection and Management (Wales) Act 2016, which governs how penalties under Chapter 3 are assessed.
• The amendment removes the phrase "the later of the following periods" from subsection (5) of section 141.
• The effect is to simplify the wording of the time limit provision for issuing penalty assessments.
• This is a technical drafting correction that tidies up the statutory language without altering the underlying policy intent.