Section 78 — Finance Act 2003: Returns, enquiries, assessments and related matters

Returns, enquiries, assessments and related matters 78 1 Schedule 10 has effect with respect to land transaction returns, assessments and related matters.

2 In that Schedule— Part 1 contains general provisions about returns; Part 2 imposes a duty to keep and preserve records; Part 3 makes provision for enquiries into returns; Part 4 provides for a Revenue determination if no return is delivered; Part 5 provides for Revenue assessments; Part 6 provides for relief in case of excessive assessment; and Part 7 provides for appeals against Revenue decisions on tax.

3 The Treasury may by regulations make such amendments of that Schedule, and such consequential amendments of any other provisions of this Part, as appear to them to be necessary or expedient from time to time.