1a. Assessment

HMRC determination of tax where notice to make a return issued but no return delivered, or the notice is complied with only in part

Time Limit

3 years from the day on which the power to make the determination becomes exercisable

Legislation

FA98/SCH18/PARA36(5) and PARA37(4) as amended byFA08/SCH39/PARA38 and 39

1b. Assessment

Company's self-assessment to displace an HMRC determination by filing return

Time Limit

The later of

3 years from the day on which the power to make the determination becomes exercisable, and

12 months from the date of the determination

Legislation

FA98/SCH18/PARA40(3) as amended by FA08/SCH39/PARA40

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