| Para 3 Sch 18 |
Allows HMRC to issue a notice requiring a CTSA return and to specify the form and content of that return |
| Para 3(4) Sch 18 |
The requirement for a company to deliver a CTSA return to the officer who served the notice to file |
| Para 5 Sch 18 |
Stipulates the period for which a CTSA return must be made in response to a notice |
| Para 5(3) Sch 18 |
The requirement for a company to deliver a CTSA return for a part of a specified period prior to the beginning of an AP |
| Para 6 Sch 18 |
Ensures that a notice issued under Para 3 Sched 18 FA 1998 may specify a period that started before 1 July 1999\nAnd\nProvides that, if such a notice requires a return for a CT Pay and File AP, the provisions of the Taxes Acts apply as if the notice had been given under S11 TMA 1970 |
| Para 7 Sch 18 |
Every company tax return for a CTSA AP must include a self assessment of the amount of tax which is payable |
| Para 8 Sch 18 |
Provides the rules for the calculation of tax payable |
| Para 9 Sch 18 |
Claims that cannot be made without a return |
| Para 10 Sch 18 |
Other claims and elections to be included in a return |
| Para 14(1) Sch 18 |
Specifies the filing date for a CTSA return |
| Para 15 Sch 18 |
Enables a company to amend its return |
| Para 15(4) Sch 18 |
Time limit for company to amend its return |
| Para 16 Sch 18 |
Enables HMRC to correct obvious errors or omissions in a company’s tax return |
| Para 16(3)(b) |
Time-limit for HMRC to correct an amended return |
| Para 17 Sch 18 |
Imposes flat rate penalties for failure to deliver a CTSA return |
| Para 17(3) Sch 18 |
Imposes increased flat rate penalties for companies delivering a CTSA return late for the third consecutive AP |
| Para 18 Sch 18 |
Imposes tax related penalties for failure to deliver a CTSA return |
| Para 18(1) Sch 18 |
Enables the charging of tax related penalties for CTSA return periods |
| Para 18(3) Sch 18 |
Defines the tax unpaid figure to be used when calculating tax related penalties for a CTSA return period |
| Para 18(4) Sch 18 |
Excludes from the tax unpaid figure any deferred relief due under S458 CTA 2010 (formerly S419(4A) ICTA 1988), for a CTSA return period |
| Para 19 Sch 18 |
Extends the filing date for a CTSA return period to that allowed under the Companies Act 1985 |
| Para 20 Sch 18 |
Enables the charging of penalties for incorrect or uncorrected returns for CTSA return periods |
| Para 24 Sch 18 |
Notice of enquiry |
| Para 24(2) Sch 18 |
Time limit for opening enquiry when return delivered on or before the filing date |
| Para 25(1) Sch 18 |
Enquiry extends to anything in the return, including claims |
| Para 30(3) to (5) Sch 18 |
Appeal against a Jeopardy Amendment for a CTSA AP |
| Para 31 Sch 18 |
Amendment of return by company during enquiry |
| Para 34 Sch 18 FA 98, as amended by Section 119 Finance Act 2008 |
The closure notice ends an enquiry and amends the return to give effect to the conclusions stated in the notice |
| Para 34(3) and (4) Sch 18 |
Appeal against a Revenue Amendment following an enquiry on a CTSA AP |
| Para 36 Sch 18 |
HMRC can make a determination of the tax payable if no return is delivered in response to a notice to file |
| Para 37 Sch 18 |
HMRC can make a determination of the tax payable for an outstanding period if a notice to file is complied with in part |
| Para 38 Sch 18 |
Extent of the power to make a Revenue Determination |
| Para 39 Sch 18 |
Authority for tax charged by a Revenue Determination to be recovered as if it were a self assessment by the company |
| Para 40(3) Sch 18 |
Time limit for self assessment following a Revenue Determination |
| Para 40(4) Sch 18 |
Authority to continue proceedings for tax remaining due when a Revenue Determination is superseded by a self assessment |
| Para 41(1) Sch 18 |
Power to make Discovery Assessment to make good a loss of tax to the Crown |
| Para 41(1)(b) Sch 18 |
Power to make Discovery Assessment where an assessment to tax insufficient |
| Para 41(1)(c) Sch 18 |
Power to make Discovery Assessment where excessive relief given |
| Para 41(2) Sch 18 |
Power to make Discovery Determination where amounts incorrectly stated in return |
| Para 42 Sch 18 |
Restrictions on power to make Discovery Assessment or Determination |
| Para 42(3) Sch 18 |
Appeal against Discovery Assessment or Determination |
| Para 43 Sch 18 |
Discovery Assessment or Determination can be made where there is fraudulent or negligent conduct |
| Para 44 Sch 18 |
Discovery Assessment or Determination can be made where situation not disclosed by return or related documents |
| Para 45 Sch 18 |
No Discovery Assessment or Determination to be made where return made in accordance with prevailing practice |
| Para 46 Sch 18 |
Specifies the general time limit for making assessments |
| Para 47 Sch 18 |
Notice of assessment to show date of issue and time limit for appeal |
| Para 48 Sch 18 |
Appeal against an assessment that is not a self assessment on a CTSA AP |
| Para 49 Sch 18 |
Allows for an appeal against a discovery determination |
| Para 52 Sch 18 |
Power to recover an amount of tax and / or interest repaid to the company\nNote: These assessments are only made for APs ending on or after 1 July 1999. |
| Para 54 Sch 18 |
Claims must be quantified at the time when the claim is made |
| Para 55 Sch 18 |
General time limit for making claims |
| Para 56 Sch 18 |
Supplementary claim or election to rectify mistakes |
| Para 57 Sch 18 |
Claims or elections affecting a single AP |
| Para 58 Sch 18 |
Claims or elections involving more than one AP |
| Para 59 Sch 18 |
Other claims and elections |
| Para 75 Sch 18 |
Reduction in amount available for surrender |
| Para 75(3) Sch 18 |
Company obliged to withdraw notice of consent and issue new notice where amount available for surrender reduced |
| Para 75(4) Sch 18 |
HMRC direction to surrendering company that notice of consent ineffective or to have effect in lesser amount |
| Para 75(6) Sch 18 |
Claimant company to amend its return if possible to be consistent with revised notice of consent |
| Para 75(7) Sch 18 |
Appeal against HMRC direction under Para 75(4) |
| Para 76 Sch 18 |
Assessment to recover excessive group relief |
| Para 97 Sch 18 |
Authority to enforce a self assessment or an amended self assessment as if it was a charge to tax by assessment |