Taxation (International and Other Provisions) Act 2010 section 256

Notices given after tax return made

Section 256 explains what happens when HMRC issues a deduction notice or receipt notice under the tax arbitrage rules after the company has already filed its company tax return for the relevant accounting period.

• When HMRC issues a deduction notice or receipt notice after a company tax return has already been submitted, the company must amend its return to reflect the notice.
• The notice effectively overrides the original return, requiring adjustments to the tax computation for the accounting period specified in the notice.
• HMRC officers have the authority to issue both deduction notices and receipt notices, and the company must comply by amending its self assessment accordingly.
• HMRC may also request the company to provide relevant information in connection with these notices, and the company is obliged to do so.