Modifications etc. (not altering text)
C1Pt. 4 (ss. 29-43B) applied (with modifications) (6.4.1993) by The Income Tax (Sub-contractors in the Construction Industry) Regulations 1993 (S.I. 1993/743), reg. 14(2) (revoked (6.4.2007) by S.I. 2005/2045, Sch. 2)
C2 See also Income and Corporation Taxes Act 1988 (c. 1), s. 252 (assessments to rectify excessive set-off etc. of advance corporation tax or tax credit)
(1)Where—
(a)a company delivers a return for an accounting period ending in or at the end of the period specified in a section 11 notice served on the company, but
(b)there is another period so ending (an “outstanding period”) which it appears to an officer of the Board is or may be an accounting period but for which no return has been delivered before the relevant day,
the officer may make a determination of the amounts in which, to the best of his information and belief, the company is chargeable to corporation tax for the outstanding period.
(2)Subject to subsections (3) and (4) below, a determination under subsection (1) above shall have effect for the purposes of Parts VA, VI, IX and XI of this Act as if—
(a)it were a self-assessment made under section 11AA of this Act; and
(b)where the officer has insufficient information to determine whether the outstanding period is an accounting period, the period for which the determination is made were an accounting period of the company.
(3)If, after the determination is made—
(a)the company delivers a further return for a period ending in or at the end of the period specified in the section 11 notice,
(b)the period is, or is treated in the return as, an accounting period, and
(c)the return includes a self-assessment under section 11AA of this Act,
the self-assessment shall supersede the determination under subsection (1) above.
(4)If the company shows that it has delivered a return containing a self-assessment for the accounting period, or each accounting period, ending in or at the end of the period specified in the section 11 notice, the determination under subsection (1) above shall be of no effect.]
Textual Amendments
F1Ss. 28D, 28E, 28F inserted (with effect in accordance with Sch. 24 para. 8(2) of the amending Act) by Finance Act 1996 (c. 8), Sch. 24 para. 7