A6.205 Disclosure of informationAccounts 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.
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.
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