HMRC Determinations Flashcards

1
Q

If a tax return is not received by the filing date, what can HMRC do?

A

HMRC can make a determination (estimate) of the tax due and treat this as the amount owed

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2
Q

When must the determination be made by?

A

The determination must be made within three years of the statutory (required) filing date

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3
Q

What is a determination displaced by?

A

The eventual calculation of the actual tax due

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