COM21040 - Assessing: loss determinations (S41 TMA 70): directions

S41B TMA 1970 allows a Technical Caseworker to issue a direction for a CT Pay and File AP to reduce a determination by a specified amount when either of the following are found to be excessive

• Trading losses

Or

• Amounts available for surrender as group relief

For more information see subject ‘Losses And Surrenderable Amounts’ (COM21010) in this section.

A direction takes effect when the Technical Caseworker gives notice of it to the company.

The normal appeal provisions apply and a determination, as reduced by a direction, is conclusive once it becomes final, subject to the qualifications mentioned in subject ‘Losses And Surrenderable Amounts’ in this section.

Always use form CT213 to

• Amend a loss determination, for example on the settlement of an appeal

Or

• Make a direction

If you have not already given the reason for the direction to the company, send a letter of explanation with the form CT213.

For a list of forms relevant to this subject, see COM21011.

For legislation applying to this subject, see COM21013.