Examples of TMA 1970 in a sentence
Such returns in earlier years were required under section 17 of the TMA 1970.
Tax under appeal can be subject to postponement under section 55 of TMA 1970, and the equivalents for other taxes.
Such returns in earlier years were required under section 18 of the TMA 1970.
When letting property and collecting rents for Landlords overseas, the Agent is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (non-residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the landlord has been issued a tax exemption certificate by Inland Revenue to receive rent gross.
Condition 2 is that P has not been issued with a notice under section 8 of TMA 1970 for the relevant year.
These rules apply to partnerships which are subject to TMA 1970 s12AA.
It may be the case that HMRC has issued follower notices based on a tribunal or court decision that had not initially been appealed within the time limit, and had therefore become ‘final’ for this purpose, but where a taxpayer has subsequently applied for and obtained leave to make a late appeal, (section 49 TMA 1970).
When letting property and collecting rents for landlords living overseas (nonUK resident landlords), the Agency is obliged by the Taxes Management Act (TMA) 1970 and the Taxation of income from Land (Non-Residents) Regulations 1995 to deduct monies (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by HM Revenue & Customs to receive rent gross.
These rules apply only to partnerships which are subject to the rules in TMA 1970 s12AA.
The Information Commissioner’s Office (ICO) ruled that the old law (section 18 TMA 1970) was exempt from the non-disclosure provisions of the Data Protection Act 1998 by virtue of section 35(1) of that Act1.