COM23173 - Assessing: CTSA assessments: revenue determinations: Example 2

Example 2

A company with an established tax history makes up its accounts to 31 December annually. It has had one associated company for many years. Its first Accounting Period (AP) was from 01/01/2019 to 31/12/2019. COTAX sets the Quarterly Payer signal to 바카라 사이트˜No바카라 사이트™ as it does not regard the company as a 바카라 사이트˜Potential바카라 사이트™ Quarterly Payer.

In July 2021:

  • the AP ended 31/12/2019 appears on the Determination Required No Return List (DRNR) Work List as the company has still not delivered its return
  • the Technical Caseworker reviews the company바카라 사이트™s record and previous history and uses function RAMA (Record/Amend Assessment) to:
    • estimate the company바카라 사이트™s profits at £800,000
    • change the Quarterly Payer signal from 바카라 사이트˜No바카라 사이트™ to 바카라 사이트˜Yes바카라 사이트™ as the company바카라 사이트™s estimated profits exceed the upper limit of £750,000 (£1,500,000 reduced by 1 plus 1, the number of associated companies)
    • confirm the Quarterly Payer status as 바카라 사이트˜Yes바카라 사이트™ and completes the making of the Revenue Determination with function RAMA
  • the Technical Caseworker uses function MAPS (Maintain AP Signals) to review the Quarterly Payer signal for APs later than the AP ended 31/12/2019


By July 2021, COTAX has:

  • created further APs for:
    • 01/01/2020 to 31/12/2020
    • 01/01/2021 to 31/12/2021
  • Set the Quarterly Payer signal to 바카라 사이트˜No바카라 사이트™ for each AP based on the value of the signal for the previous AP

And, therefore not issued instalment payslips for either AP.
The Technical Caseworker amends the Quarterly Payer signal for both APs to 바카라 사이트˜Potential바카라 사이트™. Doing that starts the automatic issue of payslips for future quarterly payments.