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HMRC internal manual

Technical Teams Operational Guidance

Settling the enquiry: agreeing income profit additions: where specific figures can be drawn up

In all types of cases we can proceed with a degree of confidence from the starting point of what has been returned or disclosed towards the objective of the best available measure of specific net income or profit.

The methods will vary. In many Code 9 cases where there is a Disclosure Report featuring capital statements the Investigator will amend the statements. This accords with the commitments at TTOG5305, provides a ready basis for agreement with the adviser and in the event of non-agreement pre-prepares a contentious appeal presentation.

In many other cases where capital statements are inappropriate it will still be possible to show how we build up our figure of income or profits for each year.

We should use whatever method best serves the needs of the case.