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TIOPA10/SCH7A/PARA46

TIOPA10/SCH7A/PARA46 follows the lines of FA98/SCH18/PARA31 and regulates what happens if a reporting company submits an amended return during the course of an enquiry.

»Ê¹ÚÌåÓýapp revisions made may be taken into account in the enquiry and do not restrict its scope.

»Ê¹ÚÌåÓýapp effects of the revision are deferred. »Ê¹ÚÌåÓýappy do not affect the tax payable by a company until the enquiry is completed, although this does not prevent a claim for repayment being made in advance of liability being established (TMA70/S59DA). On closure of the enquiry, the closure notice may disregard the revisions, accept them, or require them to be made along with other actions.