ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change has no implications for the amount of tax paid, who pays it or when. It affects (in principle but not in practice) only administrative matters. Change 145: Deduction of tax: collection: deposit-takers, building societies and certain companies: payer’s duty to deliver amended return: section 958
This change extends the taxpayer’s duty to submit corrected returns to payments made otherwise than in an accounting period.
Under paragraph 4(2) of Schedule 16 to ICTA, where an incorrect return is submitted in respect of payments made in an accounting period (see section 949), there is a duty on the taxpayer to deliver an amended return.
But the source legislation does not provide for such a duty in respect of returns in respect of payments made otherwise than in an accounting period (see section 950).
Section 958 imposes a duty to submit a corrected return regardless of whether the return is for a payment made in an accounting period or otherwise.