Finance Act, 1982
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Chapter III Resource Tax | ||
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Provisions relating to cesser of resources tax. |
17.—(1) Notwithstanding anything in Chapter IV of Part I of the Finance Act, 1980 — | |
(a) no assessment to resource tax shall be made, on or after the passing of this Act, in respect of the year 1980-81, | ||
(b) where an appeal has been made against an assessment to resource tax for that year but the appeal has not been determined, the assessment shall be discharged, | ||
(c) where an assessment to resource tax for that year has become final and conclusive, the tax payable in respect of the assessment shall be remitted, and | ||
(d) any resource tax paid in respect of an assessment for that year shall be repaid. | ||
(2) For the purposes of the repayment of resource tax pursuant to subsection (1) (d), resource tax shall be deemed to be income tax. |