Legislation – The Finance Act 2008, Section 135 (Coronavirus) Order 2020

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Introduction

1 Citation and commencement

2 Specified emergency

3 Specified liabilities

4 A liability that consists of an amount in relation to…

5 A liability that— (a) consists of an amount payable under…

6 Specified date

Signature

Explanatory note

Specified liabilities4.

A liability that consists of an amount in relation to the year of assessment 2019-202 payable under—

(a)

section 59A(2)(b) (payments on account of income tax) of the Taxes Management Act 19703, or

(b)

section 15(1) and (2) (class 4 contributions recoverable under the Income Tax Acts) of the Social Security Contributions and Benefits Act 19924 in relation to an amount within paragraph (a).
2

Year of assessment is defined in section 989 of the Income Tax Act 2007 (c. 3) as ‘a tax year’. Tax year is defined in section 4(2) of the Income Tax Act 2007 as ‘a year for which income tax is charged’. Section 4(3) of that Act provides that ‘a tax year begins on 6 April and ends on the following 5 April’.

3

1970 c. 9. Section 59A was inserted by section 192 of the Finance Act 1994 (c. 9). Section 59A(2) was amended by sections 103(7) and 108(2) of the Finance Act 1995 (c. 4) and paragraphs 2(2) and 17(1) of Schedule 18 to the Finance Act 1996 (c. 8).

4

1992 c. 4. Section 15 was amended by Part 2, paragraphs 419 and 420 of Schedule 2 and Schedule 3 to the Income Tax (Trading and Other Income) Act 2005 (c. 5). Section 16 of the Social Security Contributions and Benefits Act 1992 applies section 59A(2)(b) with necessary modifications to Class 4 National Insurance contributions with the result that those contributions are payable as if they were income tax.