Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 17 paragraph 9

Recovery of unpaid tax from another group company or controlling director — WRA notice procedure

Schedule 17, paragraph 9 sets out the procedure by which the Welsh Revenue Authority (WRA) can issue a notice to a responsible person (such as a group company or controlling director) requiring them to pay any outstanding land transaction tax that arises from the withdrawal of reconstruction or acquisition relief.

• WRA can issue a payment notice requiring the responsible person to settle the unpaid tax within 30 days of the notice being issued.
• The notice must be issued within 3 years of the final determination of the tax liability under paragraph 8.
• Once the amount stated in the notice becomes due, it is treated as a "relevant amount" enforceable under the payment and enforcement provisions of the Tax Collection and Management (Wales) Act 2016.
• A person who pays tax under such a notice has the right to recover that amount from the acquiring company that originally benefited from the relief.