SAM123101 - Returns: trust returns: returns for out of date years: trusts (Action Guide)
Where a return for an out of date year has not been captured in TSS by the relevant 5th April, follow steps 1 - 9 below.
(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
For details of how to access the SA functions, select ‘Index Of Functions’ on the left of the screen.
If the return was received within the relevant time limit (4 years after the return filing date or, if later, within 12 months of the date of issue of a Determination)
| 1. | Use function CREATE RETURN CHARGE to record the return charge |
All other cases
If a Revenue Determination has been made in an amount greater than that shown on the return
| 2. | Write to the trustee along the following lines |
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| 3. | File the return in the normal way |
If a Revenue Determination has been made in an amount less than that shown on the return
| 4. | Pass the return to the RISK Team to consider any action under discovery provisions |
| 5. | If the RISK Team confirms no further action is required, write to the trustee as Step 2 |
| (This text has been withheld because of exemptions in the Freedom of Information Act 2000) |
Notes:
- In all circumstances the Revenue Determination constitutes the self assessment and creates the payment on account for the subsequent year
- The amount of any fixed automatic penalty should not exceed the tax shown on the return, even though the return does not displace the Revenue Determination
