The following Corporation Tax guidance note by Tolley in association with Guy Smith of inTAX Ltd provides comprehensive and up to date tax information covering:
An important clarification needs to be made to help in the understanding of this note. Whilst the legislation refers to an ‘enquiry’, HMRC now refers to enquiries as ‘compliance checks’.
As this note specifically covers HMRC’s powers, the term enquiry has been used to match up with the language used in the legislation. However, some of the other material referred to, such as factsheets, include the term compliance checks rather than enquiry.
For the purpose of this note, an enquiry and a compliance check have the same meaning.
An HMRC officer has the power to correct a return or open an enquiry and each of these processes are discussed in turn below.
An officer can, within 9 months of receiving a corporation tax return, amend it without opening an enquiry in order to correct:
FA 1998, Sch 18, para 16
There is no right of appeal against a correction but there is a right of rej
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