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HMRC internal manual

Enquiry Manual

From
HM Revenue & Customs
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Concluding the Enquiry: SA Legislation: CTSA - Example of Return for the Wrong Period

Facts

  1. A company was given notice to make a return for the specified period 1 January 2011 to 31 December 2011.
  2. The company delivers a return for that period, which includes accounts for the year ended 31 December 2011.
  3. During the course of an enquiry into that return it is established that the company’s trade ceased on 30 November 2011, after which date the company received only investment income.
  4. The accounting periods for which the company ought to have made a return are

1 January 2011 to 30 November 2011, and

1 December 2011 to 31 December 2011

Closure Notices

  1. On completion of the enquiry the closure notice issued by HMRC includes the conclusion that the return was a return for the wrong period, and designates the first of the accounting periods for which a return should have been made, 1 January 2011 to 30 November 2011.
  2. The amendment makes it a return for the period 1 January 2011 to 30 November 2011.
  3. The company is then required to file a return for the period 1 December 2011 to 31 December 2011. The filing date for that return is the later of 31 December 2012 or the last day of the 30 day period beginning with the date on which it was finally determined that the original return was for the period ended 30 November 2011.