Corporation Tax Act, 1976
|
Provisions as to tax under section 151. |
152.—(1) All the provisions of the Income Tax Acts relating to— | |
(a) persons who are to be chargeable with income tax; | ||
(b) income tax assessments; | ||
(c) appeals against such assessments (including the rehearing of appeals and the statement of a case for the opinion of the High Court); and | ||
(d) the collection and recovery of income tax, | ||
shall, so far as they are applicable, apply to the charge, assessment, collection and recovery of income tax under section 151. | ||
(2) (a) Any tax payable in accordance with section 151 without the making of an assessment shall carry interest at the rate of 1.5 per cent. for each month or part of a month from the date when the tax becomes due and payable until payment. | ||
(b) The provisions of section 550 (3) (4) (5) of the Income Tax Act, 1967 , shall apply in relation to interest payable under this subsection as they apply in relation to interest payable under the said section 550. | ||
(3) In its application to any tax charged by any assessment to income tax in accordance with section 151 , section 550 of the Income Tax Act, 1967 , shall have effect with the omission of the proviso to subsection (1) and subsections (2) and (2A). |