Paragraph 36 C1

United Kingdom

(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.

(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 an officer of Revenue and Customs has 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 he 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.

Annotations

Textual amendments

F1: Words 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)
F2: Words 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)
F3: Words 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

C1: Sch. 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

Notes on Schedule 18

Modifications

C1: Sch. 18 restricted (31.7.1998) by 1988 c. 1, s. 754B(10) (as inserted (31.7.1998 with effect as mentioned in Sch. 17 para. 37 of 1998 c. 36) by 1998 c. 36, s. 113, Sch. 17 para. 11)
C2: Sch. 18 modified (18.4.2005) by 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)
C3: Sch. 18 applied (20.7.2005) by Finance (No. 2) Act 2005 (c. 22), s. 61
C4: Sch. 18 applied (with modifications) (6.4.2006) by The Registered Pension Schemes (Accounting and Assessment) Regulations 2005 (S.I. 2005/3454), regs. 1, 13
C5: Sch. 18 excluded (17.7.2013) by Finance Act 2013 (c. 29), s. 210(6)(b)
C6: Sch. 18: power to amend conferred (12.2.2019) by Finance Act 2019 (c. 1), s. 87(5)(a)(6)
C7: Sch. 18 applied (with modifications) (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 11(4) (with Sch. 16 para. 11(5))
C8: Sch. 18 applied (with modifications) (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 303(7)(8) (with s. 303(6))

Notes on Part V

Modifications

C1: Sch. 18 applied (20.7.2005) by Finance (No. 2) Act 2005 (c. 22), s. 61