Finance (Local Property Tax) Act 2012
Displacement of Revenue estimate by self-assessment. |
50.— (1) Subject to section 55 , where a return which includes— | |
(a) a self-assessment, and | ||
(b) an election, as mentioned in section 41 (1)(a), for a specified method of payment, | ||
is delivered after a Revenue estimate has become due and payable in accordance with section 49 , the Revenue estimate shall be discharged and section 53 shall apply accordingly. | ||
(2) Where subsection (1) applies— | ||
(a) any payment that has been made against the Revenue estimate shall be treated as made against the local property tax payable on foot of the self-assessment, and | ||
(b) subject to section 960H of the Act of 1997 (as applied by section 120 ), where any payment made against the Revenue estimate exceeds the amount of the self-assessment, the amount of the excess shall be repaid. |