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Finance Act 1998, Cross Heading: Determination of tax payable if no return delivered in response to notice is up to date with all changes known to be in force on or before 17 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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36(1)If no return is delivered in response to a notice requiring a company tax return, [F1an officer of Revenue and Customs] may determine to the best of [F2his] information and belief the amount of tax payable by the company.U.K.
(2)The power to make a determination under this paragraph becomes exercisable if no return is delivered on or before the following date—
(a)if the filing date for any return required by the notice can be ascertained, that date;
(b)if no such date can be ascertained, the later of—
(i)18 months from the end of the period specified in the notice, or
(ii)three months from the day on which the notice was served.
(3)The accounting period or periods for which a determination may be made are—
(a)if there is only one accounting period ending in or at the end of the period specified in the notice, that period;
(b)if there is more than one accounting period ending in or at the end of the period specified in the notice, each of those periods;
(c)if [F1an officer of Revenue and Customs] [F2has] insufficient information to identify the accounting periods of the company, such period or periods ending in or at the end of the period specified in the notice as [F2he] may determine.
(4)Notice of a determination under this paragraph must be served on the company, stating the date on which the determination is issued.
(5)No determination under this paragraph may be made more than [F33 years] after the day on which the power becomes exercisable.
(6)If the company shows—
(a)that there is no accounting period of the company ending in or at the end of the period specified in the notice, or
(b)that it has delivered a return for the accounting period, or each accounting period, ending in or at the end of the period specified in the notice, or
(c)that no return is yet due for any such period,
any determination under this paragraph is of no effect.
Textual Amendments
F1Words in Sch. 18 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 68(a); S.I. 2005/1126, art. 2(2)(h)
F2Words in Sch. 18 substituted (18.4.2005) by virtue of Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 68(c); S.I. 2005/1126, art. 2(2)(h)
F3Words in Sch. 18 para. 36(5) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 38; S.I. 2009/403, art. 2(2) (with art. 10)
Modifications etc. (not altering text)
C1Sch. 18 para. 36 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), 6
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