BIM55620 | Farming: herd basis: notice by HMRC for delivery of information

Sch36 Finance Act 2008, S9A Taxes Management Act 1970

Where an election has been made, HMRC is empowered to issue a notice calling for the delivery of necessary information within a specified period. Form 10F is provided for this purpose. The form 10F is a statutory return, so issuing it is not an enquiry and you do not have to issue a notice of enquiry before you issue it, although queries regarding a herd basis election may also be made as part of an enquiry.

The form should be issued as soon as possible after the receipt of a formal election or as soon as HMRC become aware that the taxpayer has submitted accounts or computations which can be regarded as an election under BIM55585.