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)|