SVM24065 - Share Valuation Manual: Self Assessment

Corporation Tax Self Assessment (CTSA)

Information Powers

Paragraph 27 Schedule 18 Finance Act 1998 is the information power that supports CTSA enquiries. Paragraph 27 allows the Revenue to require a company to which a notice of enquiry has been given to produce documents and provide information that is reasonably required for the purposes of the enquiry. S.20(3) Taxes Management Act 1970 gives statutory authority to require certain third party persons, e.g. another company in the group, to deliver, or make available for inspection, documents. However, if you require information from directors, the information power to use will depend on whether the information can be required as part of an enquiry into the director’s own returns (s.19A TMA 1970). For detailed instructions see SVM30110.