77(1) Subject to the following provisions of this section, an assessment under section 73, 75 or 76, shall not be made–
(a)more than 4 years after the end of the prescribed accounting period or importation or acquisition concerned, or
(b)in the case of an assessment under section 76 of an amount due by way of a penalty which is not among those referred to in subsection (3) of that section, 4 years after the event giving rise to the penalty.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.