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
2
Q
When must the determination be made by?
A
The determination must be made within three years of the statutory (required) filing date
3
Q
What is a determination displaced by?
A
The eventual calculation of the actual tax due