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Section 734(5).

(1) Notwithstanding any other provision of the Acts, this paragraph shall apply for the purpose of regulating the time and manner in which tax deducted in accordance with section 734(5) shall be accounted for and paid.

(2) A collective investment undertaking which is not a specified collective investment undertaking shall, within 15 days from the 5th day of April each year, make a return to the Collector-General of all amounts from which it was required by section 734(5) to deduct tax in the year ending on that date and of the amount of appropriate tax which it was required to deduct from those amounts.

2. Where a collective investment undertaking other than a specified collective investment undertaking makes a relevant payment from which appropriate tax is deductible in accordance with section 734(5), or would be so deductible but for paragraphs (i) and (ii) of the definition of “appropriate tax” in section 734(1)(a), it shall give to the unit holder to whom the relevant payment is made a statement showing—

2. Where a collective investment undertaking other than a specified collective investment undertaking makes a relevant payment from which appropriate tax is deductible in accordance with section 734(5), or would be so deductible but for paragraphs (i) and (ii) of the definition of “appropriate tax” in section 734(1)(a), it shall give to the unit holder to whom the relevant payment is made a statement showing—

(b) the amount equal to the aggregate of the appropriate tax deducted from the relevant payment and any amount or amounts deducted pursuant to paragraphs (i) and (ii) of the definition of “appropriate tax” in section 734(1)(a) in determining the appropriate tax or, if by reason of those paragraphs there was no appropriate tax to deduct from the amount of the relevant payment, the aggregate of the amounts referred to in those paragraphs in so far as they refer to the relevant payment,

(9)(a)Subject to clause (b), a collective investment undertaking aggrieved by an assessment made on that undertaking under this Schedule 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.

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

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

(d) In its application to any appropriate tax charged by an assessment made in accordance with this Schedule, section 1080 shall apply as if subsection (1)(b) subsection (2)(b) of that section were deleted.