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240 Provisions as to tax under section 239.

(1) Subsections (2) to (4) shall apply only in respect of a company to which section 239(10) relates.

shall, in so far as they are applicable, apply to the charge, assessment, collection and recovery of income tax under section 239.

(3) (a) Any tax payable in accordance with section 239 without the making of an assessment shall carry interest at the rate of 1.25 per cent 1 per cent for each month or part of a month 0.0322 per cent for each day or part of a day from the date when the tax becomes due and payable until payment. (a) Any tax payable in accordance with section 239 without the making of an assessment shall carry interest from the date when the amount becomes due and payable until payment—

(4) In its application to any tax charged by an assessment to income tax in accordance with section 239, section 1080 shall apply as if subsection (1)(b) subsection (2)(b) of that section were deleted.

(5) Section 1081(1) shall not apply where by virtue of section 438(4) there is any discharge or repayment of tax assessed under section 239.

(6)(a) Subject to paragraph (b), a person aggrieved by an assessment made on that person under section 239 may appeal the assessment to the Appeal Commissioners, in accordance with section 949I, within the period of 30 days after the date of the notice of assessment.

(b) Where, in accordance with section 239, a person is required to make a return of relevant payments, no appeal under this section lies against an assessment until such time as the person makes the return and pays or has paid any income tax payable on the basis of that return.

(5) Section 1081(1) shall not apply where by virtue of section 438(4) there is any discharge or repayment of tax assessed under section 239.

(6)(a) Subject to paragraph (b), a person aggrieved by an assessment made on that person under section 239 may appeal the assessment to the Appeal Commissioners, in accordance with section 949I, within the period of 30 days after the date of the notice of assessment.

(b) Subsections (2) to (4) of section 1080 Subsections (3) to (5) of section 1080 shall apply in relation to interest payable under this subsection as they apply in relation to interest payable under section 1080.

(b) Subsections (2) to (4) of section 1080 Subsections (3) to (5) of section 1080 shall apply in relation to interest payable under this subsection as they apply in relation to interest payable under section 1080.

(4) In its application to any tax charged by an assessment to income tax in accordance with section 239, section 1080 shall apply as if subsection (1)(b) subsection (2)(b) of that section were deleted.

(5) Section 1081(1) shall not apply where by virtue of section 438(4) there is any discharge or repayment of tax assessed under section 239.