Article 129 - Time Limits for Assessments

(1) Subject to any provision of these Regulations allowing a longer period, no assessment may be made more than 6 years after the end of the Accounting Period to which it relates.
(2) An assessment may be made for the purpose of making good a loss of tax or the overpayment of a tax credit in respect of a Reimbursable Tax Loss under Part 16 attributable to the fraudulent or negligent conduct of a QFC Entity, or of any Person acting on that QFC Entity's behalf, at any time up to 20 years after the end of the Accounting Period to which it relates.
Amended (as from 18th June 2014)