Related Commentary  

12(1)  Where under these Regulations there is accounted for and paid to the Board an amount of tax which is–

(a)in respect of a connected payment or connected transfer, or

(b)paid under an assessment made under regulation 11,

that amount shall, subject to this regulation, be treated as a payment of tax on account of the tax liability (of whatever person) in respect of the connected payment or connected transfer concerned.

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