COM23071 - Assessing: CTSA assessments: discovery assessments (Action Guide)


To prepare a Discovery Assessment for a CTSA AP, consider steps 1 - 9 below.


1. Use Function TAXW (View Taxpayer Work Lists) to find any open work list entries that may need attention during or after the issue of the Discovery Assessment
2. Use Function DASS (Display Assessment Details) to view any assessments that have already been issued for the AP
3. If necessary, take prints of the assessments so you have the figures you need at Step 6
4. If S458 (formerly S419(4)) relief is included in the assessments, set the CII signal using the ‘Other Signals’ button in Function MAPS (Maintain AP Signals) and issue a form CT250(P) to Accounts Office
5. Use Prepare / Amend A Discovery Assessment in Function RAMA (Record / Amend Assessment)
6. Enter
 
  • The total of all amounts already assessed to Corporation Tax in any type of COTAX assessment (Revenue Determination or self assessment, Discovery Assessment and so on) for the AP
 

Plus
 
  • Any additional amounts you have newly discovered
 

And
 
  • The total amount of any reliefs due for the AP
 

Note: That will allow COTAX to calculate the tax for the AP
7. Use the ‘non-standard reduction’ field to enter the total amount of tax already assessed in all other COTAX assessments for the AP
  Note: Your Discovery Assessment will then correctly charge the amount or further amount required in order to make good the loss of tax
8. Make a free format note using the following words
 
  • This notice shows all amounts now assessed and credit for tax already assessed, for the period shown. A letter will follow
9. Issue a letter of explanation to the company or its agent

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