Sch 1 (Savings, transitional and other), s 5
CurrentInclusion of interest and penalties in notices of assessment
Schedule 1Savings, transitional and other provisions
Part 2Provisions arising from enactment of this Act
5 Inclusion of interest and penalties in notices of assessment
Despite section 15, a notice of assessment in respect of a tax liability existing before the commencement of Part 3 must specify any interest accrued or fine, penalty or penalty tax payable in relation to the liability calculated in accordance with clauses 8 and 9.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.