Commentary

A6.205 Disclosure of information

Administration and compliance

A6.205 Disclosure of information

A6.205 Disclosure of information

Accounts are not routinely examined by HMRC (even if submitted) under self-assessment. Disclosure is therefore of paramount importance. The notice to deliver a return does not ask for production of accounts or computations, but leaves it to the taxpayer to supply any additional material which he considers relevant to his tax liability.

Where HMRC considers that relevant facts have not been disclosed, it has the power to make a discovery assessment. For commentary and case law on the relationship between disclosure and discovery assessments see Division A6.7.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial