Revenue Scotland and Tax Powers Act 2014 section 70

Counteraction of tax advantages: payment of tax charged etc.

Section 70 sets out the payment deadline that applies when a taxpayer receives a final notice from Revenue Scotland counteracting a tax advantage under the general anti-avoidance rule.

• When a designated officer issues a final notice under section 69 setting out adjustments to counteract a tax advantage, the taxpayer must pay any resulting tax, penalties or interest within 30 days of the notice being issued.
• This 30-day payment deadline applies to any additional tax that becomes chargeable, as well as any penalties or interest arising from the adjustments.
• The 30-day deadline overrides any other payment time limits that would otherwise apply under the Revenue Scotland and Tax Powers Act or any other legislation.
• The provision ensures that tax advantages counteracted under the general anti-avoidance rule are settled promptly, with a single uniform deadline replacing all other statutory payment periods.