Part XI Supplementary Provisions
Finance Act 1998 (1998 c 36) | Legislation

Part XI Supplementary Provisions

Conclusiveness of amounts stated in return

88

(1)     This paragraph applies to an amount stated in a company tax return for an accounting period which is required to be included in the return and which affects or may affect—

(a)     the tax payable by the company making the return for another accounting period, or

(b)     the tax liability of another company for any accounting period.

(2)     If such an amount can no longer be altered it is taken to be conclusively determined for the purposes of the Corporation Tax Acts in relation to that other period or other company.

Sub-paragraphs (3) to (5) explain what is meant by “can no longer be alteredâ€.

(3)     An amount is regarded as one that can no longer be altered if—

(a)     the period specified in paragraph 15(4) (general period for amendment by company) has ended,

(b)     any enquiry into the return has been completed . . . [(or is completed so far as relating to the matters to which the amount relates by the issue of a partial closure notice)],

(c)     if [an officer of Revenue and Customs] [amends] the return under paragraph [34], the period within which

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