Part 8 Discovery Assessments
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Part 8 Discovery Assessments

27

(1)     If, in respect of an accounting period, an officer of Revenue and Customs discovers that—

(a)     an amount of multinational top-up tax that ought to have been assessed in respect of a multinational group has not been assessed, or

(b)     an assessment to tax is or has become insufficient,

the officer may make an assessment (a “discovery assessmentâ€) in the amount which ought in the officer's opinion to be charged in order to make good to the Crown the loss of tax.

(2)     This is subject to the restrictions in paragraph 28.

28

(1)     This paragraph applies where the filing member of the group has submitted a self-assessment return under paragraph 13 for the accounting period in respect of which the officer makes a discovery assessment.

(2)     Where this paragraph applies, the power to make a discovery assessment—

(a)     may only be made in the two cases specified in sub-paragraphs (3) and (4), and

(b)     may not be made in the circumstances specified in sub-paragraph (6).

(3)     The first case is where the situation mentioned in paragraph 27(1) was brought about carelessly

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