Taxes Management Act 1970 Schedule 1A paragraph 8

Giving effect to such amendments

Schedule 1A paragraph 8 sets out the obligation on HMRC to implement amendments arising from a closure notice within 30 days, whether the claim is made by an individual claimant or through a partnership.

• HMRC must give effect to amendments made by a closure notice within 30 days of the notice being issued
• Adjustments may take the form of an assessment on the claimant (or partner), a discharge of tax, or a repayment of tax
• For partnership claims, the necessary adjustments must be made separately in respect of each relevant partner
• Any assessment made under this paragraph is treated as being in time provided it is made within the 30-day period