ECH22505 - Yield Recording: Introduction


General Principles

Yield must be

  • claimed with consistency and accuracy and
  • supported by a clear audit trail

Yield arising from a Full or Aspect Review

Yield can be claimed following a full or Aspect Review where

  • an irregularity has been identified which has or would have given rise to an underpayment of tax/NIC and
    • the underpayment is being pursued or,
    • where the return has not yet been submitted, action has been taken to ensure that the irregularity is corrected and the return, when submitted, will be correct.

Yield cannot be claimed where

A voluntary disclosure that is not the subject of a current review should normally be dealt with as an Employer Amendment. However where appropriate a referral should be made to RISK for consideration of a full or aspect review before processing the amendment. ( ECH22555)

The definition of open, closed and current years is at ECH9005. When working out the yield to be claimed following a review the ECO must establish the

  • open years
  • closed years and
  • current year

When calculating any underpayment the ECO should

  • take account of the time limits for recovery. ( (This text has been withheld because of exemptions in the Freedom of Information Act 2000)).

Interest and penalties must be sought in appropriate cases. Where (This text has been withheld because of exemptions in the Freedom of Information Act 2000)a decision is made not to seek penalties the ECO should

  • follow the guidance at ECH21120
  • ensure that part 2 of Form 94(EC) is fully completed

Where difficulty is encountered in obtaining the expected offer the ECO should

  • contact TAA (Newcastle) for advice ECH21130 or,
  • make a referral to the local Authorising Officer ECH21550.
(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
  • (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
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  • (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
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  • (This text has been withheld because of exemptions in the Freedom of Information Act 2000)