Determinations in the absence of return or information
If no return is delivered by a company following the issue of a notice, or if a notice to deliver a return is complied with only partially, HMRC may determine to the best of their information and belief the amount of tax payable by a company (FA 1998, Sch. 18, para. 36, 37).
Such determinations are treated as self-assessments for most practical purposes, including:
•payment of tax due;
•collection and recovery proceedings;
•interest on overdue tax;
•tax-related penalties; and
•assessment of unpaid tax assessed on a company to be assessed on other persons (to enable collection to be effected)