Taxes Consolidation Act 1997 section 696M

Collection and general provisions

Section 696M applies the standard corporation tax assessment, collection and recovery rules to petroleum production tax, including interest on late payment and rights of appeal.

• The normal corporation tax provisions for assessment, collection and recovery apply equally to petroleum production tax.
• Interest on overdue tax under section 1080 applies to any petroleum production tax that is due and payable, as if it were corporation tax for the relevant period.
• A company aggrieved by an assessment may appeal to the Appeal Commissioners within 30 days of the date of the notice of assessment.
• No appeal may be made until the company has filed its return and paid (or has paid) the petroleum production tax due on the basis of that return.