FA98/SCH18/PARA42 – 45

There are restrictions on making discovery assessments. You can only make a discovery assessment for an accounting period for which a company has delivered a company tax return if Paragraphs 43 or 44 apply as below.

1. Paragraph 43 states that when a company has delivered a company tax return you can make a discovery assessment if the underassessment or excessive relief was brought about by the careless or deliberate behaviour of:

the company,

a person acting on behalf of the company, or

a person who was a partner of the company at the relevant time.

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