COM23071 - Assessing: CTSA assessments: discovery assessments (Action Guide)
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To prepare a discovery assessment, consider steps 1 - 9 below.
1. Â Use function TAXW (View Taxpayer Work Lists) to find any open work list entries that may need attention during or after the issue of the discovery assessment.
2. Â Use function DASS (Display Assessment Details) to view any assessments that have already been issued for the Accounting Period (AP).
3. Â If necessary, take prints of the assessments so you have the figures you need at step 6.
4. Â If S458 relief is included in the assessments, set the 바카라 사이트˜CII바카라 사이트™ signal using the 바카라 사이트˜other signals바카라 사이트™ button in function MAPS (Maintain AP Signals) and issue a form CT250(P) to HMRC Payments. This is an eForm available on SEES.
5. Â Use the 바카라 사이트˜prepare/amend a discovery assessment바카라 사이트™ option in function RAMA (Record/Amend Assessment).
6. Â So COTAX can calculate the tax for the AP, enter:
- the total of all amounts already assessed to Corporation Tax for the AP in any type of COTAX assessment (revenue determination, self assessment, discovery assessment and so on)
- any additional amounts you have newly discovered
- the total amount of any reliefs due for the AP
7. Â So COTAX can calculate the further amount to make good the loss of tax, use the 바카라 사이트˜non-standard reduction바카라 사이트™ field to enter the total amount of tax already assessed in all other COTAX assessments for the AP.
8. Â Make a free format note that says this notice shows all amounts now assessed and credit for tax already assessed, for the period shown. A letter will follow.
9. Â Issue a letter of explanation to the company or its agent.