Capital Allowances Act 2001 section 231

Adjustments of assessments etc

Section 231 ensures that all necessary tax assessments and adjustments can be made to give proper effect to the provisions of the chapter on mineral extraction allowances.

• Any tax assessments required to implement the mineral extraction allowances chapter must be carried out
• Adjustments to existing assessments must also be made where necessary
• The section provides the legal authority for HMRC to amend assessments to reflect the chapter's provisions
• This is a procedural safeguard ensuring the substantive rules in the chapter can be put into practice