Section 243 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Power to assess levies

243 Power to assess levies (1) The Corporation may determine the amount of levy that ought to be or to have been paid in any case where— (a) an accurate statement of the matters required to be stated in relation to earnings under this Act or regulations made under this Act has not been made; or (b) the Corporation is not satisfied with the statement; or (c) the Corporation is not satisfied that the proper levy has been paid. (2) Subject to subsection (3) , the Corporation may at any time alter or add to the determination made under subsection (1) if such action is necessary to ensure its correctness. (3) If a statement has been delivered in respect of any period and a levy has been paid in respect of that period, the Corporation has no power to make a determination (if a determination has not been made), or alter a determination (if a determination has been made), after the expiration of 4 years beginning on the close of the tax year in which the statement was made unless that statement was, in the opinion of the Corporation, fraudulent or wilfully misleading. (4) The Corporation must give written notice of the determination or alteration of the determination under this section to the person or persons to whom it applies and that person or persons are liable to pay the determined or altered levy, and any specified penalty, on the date specified in the notice of decision. Compare: 1998 No 114 s 314 Subsection (3) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” .