SolvedCOM151051 | CT Pay and File: assessments: legislation
From HM Revenue & Customs · COTAX Manual
The following legislation applies when making assessments. The table below gives a brief explanation of what the legislation relevant to this subject contains.
| Legislation | Explanation |
|---|---|
| Section 11 (S11) Taxes Management Act (TMA) 1970 | Specifies the form and content of the CT Pay and File return to be submitted for CT purposes. |
| S29 (1) (a) TMA 1970 | Power to make an assessment. |
| S29(1)(b) TMA 1970 | Power to make a further assessment when an assessment to tax is or has become insufficient. |
| S34(1) TMA 1970 | Applies a six year time limit for making an assessment. |
| S41A TMA 1970 | Allows a Technical Caseworker to make a determination of losses or certain amounts surrenderable as group relief, in respect of an AP that ends before 1 July 1999. |
| S51 TMA 1970 | Gives the Tribunal the power to call for information and documents they require to settle an appeal from a company. |
| S10(1) Income and Corporation Taxes Act (ICTA) 1988 | Lays down the time limits for payment of tax. |
| S13 ICTA 1988 | Contains the rules for charging CT at the small profits rate. |
| S342 ICTA 1988 | Deals with assessments on companies after winding up proceedings have begun. |
| Sch 13 ICTA 1988 | Lays down the rules for collection of ACT. |
| Sch 16 ICTA 1988 | Lays down the rules for collection of IT on company payments which are not distributions. |
| Paragraph 10 (Para 10) Schedule A1 (Sch A1) Capital Allowances Act (CAA) 1990 | Allows a caseworker to make or amend assessments to give effect to claims, or the withdrawal of claims to capital allowances. |
| Para 11 Sch A1 CAA 1990 | Lets a caseworker allow a claim or give effect to the withdrawal of a claim, to capital allowances when the provisions of S41A TMA 1970 apply. |
| Para 6 Sch 18 Finance Act 1998 | Allows a CTSA return notice to be effective for a period beginning before the appointed day (01/07/1999). |