The Inspector may find that the amount of the chargeable profits
or creditable tax given in a notice of direction is wrong. Or the
Inspector may find that the amount of the chargeable profits or
creditable tax given in a notice of amendment for a revised
accounting period is incorrect. In such cases, the Inspector needs
to give notice of the right amount to every company to which the
Board first gave notice of the direction, or of the amendment to
it.
A company that receives a notice of a revised amount of
chargeable profits or creditable tax may appeal to the Special
Commissioners against the revised amount. It does this by giving a
notice of appeal in writing to the Board. It must do it within
sixty days of the date of the notice given by the Inspector. The
company cannot appeal, however, if the revised amount of chargeable
profits or creditable tax results from either:
The Inspector can thus increase or reduce the amount of chargeable profits or creditable tax shown in a notice of direction. An appeal is not needed to do this if the facts support the change. There is no similar way to amend Chapter IV assessments.
