Finance Act 1998

34 [F1 (1) This paragraph applies where a closure notice is given to a company by an officer. U.K.

(2) The closure notice must—

(a) state that, in the officer's opinion, no amendment is required of the return that was the subject of the enquiry, or

(b) make the amendments of that return that are required—

(i) to give effect to the conclusions stated in the notice, and

(ii) in the case of a return for the wrong period, to make it a return appropriate to the designated period.

(2A) The officer may by further notice to the company make any amendments of other company tax returns delivered by the company that are required to give effect to the conclusions stated in the closure notice.]

(3) An appeal may be brought against [F2 an amendment of a company's return under sub-paragraph (2) or (2A)].

(4) Notice of appeal must be given—

(a) in writing,

(b) within 30 days after the amendment was notified to the company,

(c) to the officer of the Board by whom the [F3 closure notice] was given.

(5) In this paragraph “the designated period” means the period designated in the closure notice.

Textual Amendments

F1 Sch. 18 para. 34(1)-(2A) substituted for Sch. 18 para. 34(1)(2) (1.4.2010) by Finance Act 2008 (c. 9), s. 119(6)(13); S.I. 2009/405, art. 2

F2 Words in Sch. 18 para. 34(3) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 119(7)(13); S.I. 2009/405, art. 2

F3 Words in Sch. 18 para. 34(4)(c) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 119(8)(13); S.I. 2009/405, art. 2

Modifications etc. (not altering text)

C1 Sch. 18 paras. 31-34 applied (with modifications) (with effect in accordance with reg. 1(2) of the amending S.I.) by The Lloyds Underwriters (Tax) Regulations 2005 (S.I. 2005/3338), regs. 1(1), 5