SolvedCOM71110 | Enquiries: CTSA enquiries: closing an enquiry: revenue amendments
From HM Revenue & Customs · COTAX Manual
This subject is presented as follows.
General
Interaction with jeopardy amendments
Manual closure notice with revenue amendment - updating COTAX
Consequential amendments to returns for other periods
General
This topic deals primarily with revenue amendments that you make when an enquiry ends. See COM71090 for information on closing an enquiry with a non-contract settlement and the Enquiry Manual.
Interaction with jeopardy amendments
Manual closure notice with revenue amendment - updating COTAX
If you manually issue a closure notice with revenue amendment you need to update COTAX with the amended figures.
You can use the ‘prepare a revenue amendment’ option in function RAMA (Record/Amend Assessment) to calculate the figures that you need to enter on your manual closure notice with revenue amendment and then update the company’s COTAX accounting record.
COTAX:
records the details of the manual revenue amendment on the company record
updates the relevant postings as if it had made the amendment
Consequential amendments to returns for other periods
If as a result of your enquiry you conclude that other returns made by the company which are not under enquiry need to be amended, you can use the ‘prepare a revenue amendment’ option in function RAMA (Record/Amend Assessment) to amend those returns. In such cases you must include your conclusions about those other returns in your closure notice for the period under enquiry.
See: