SCHEDULE 18 Company tax returns, assessments and related matters
Part II Company tax return
Correction of return by Revenue
16
(1)
(a)
obvious errors or omissions in the return (whether errors of principle, arithmetical mistakes or otherwise)F3, and
(b)
anything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer.
(2)
A correction under this paragraph is made by notice to the company concerned.
(3)
No such correction may be made more than nine months after—
(a)
the day on which the return was delivered, or
(b)
if the correction is required in consequence of an amendment by the company under paragraph 15, the day on which that amendment was made.
(4)
A correction under this paragraph is of no effect if the company—
(a)
amends its return so as to reject the correction, or
(b)
after the end of the period within which it may amend its return, but within three months from the date of issue of the notice of correction, gives notice rejecting the correction.
(5)
Notice under sub-paragraph (4)(b) must be given—
(a)
in writing,
(b)
to the officer of the Board by whom notice of the correction was given.