Taxes Management Act 1970 Schedule 3ZA paragraph 6

Amendment consequential on amendment of partnership return by taxpayer

Paragraph 6 of Schedule 3ZA deals with the payment deadline for tax that becomes payable or repayable when a partner's self-assessment is amended as a consequence of the taxpayer amending the partnership return.

• When a partnership return is amended by the taxpayer, HMRC may consequentially amend the individual partner's self-assessment under section 12ABA(3)(a).
• Any resulting tax payable or repayable must be settled within 30 days of the notice of amendment being given.
• The precise due date is the day after the end of that 30-day period.
• This applies equally whether the amendment produces an additional liability or a repayment.