SCHEDULES

SCHEDULE 18 Company tax returns, assessments and related matters

Part V Revenue determinations and assessments

Fraudulent or negligent conduct

43

A discovery assessment for an accounting period for which the company has delivered a company tax return, or a discovery determination, may be made if the situation mentioned in paragraph 41(1) or (2) is attributable to fraudulent or negligent conduct on the part of—

(a)

the company, or

(b)

a person acting on behalf of the company, or

(c)

a person who was a partner of the company at the relevant time.