Chapter 1 - 4.3 - Determinations Flashcards
1
Q
What can HMRC do if a tax return is not received by the filing date?
A
HMRC can make a determination (estimate) of the tax due, and treat this as the amount owed
2
Q
What condition must this determination meet?
A
It must be made within three years of the statutory filing date
3
Q
What is a determination displaced by?
A
The eventual calculation of the actual tax due
